Spark Profit aims to be the world’s most rewarding app! It teaches you how to profitably trade on the financial markets, and pays you cash rewards when you do well.
Nous Global Markets, a London based company aiming to discover and train the next generation of trading talent, had announced the India entry of its ‘Spark Profit’ application. Spark Profit is a free to join, free to play and free to earn virtual trading game. Behind its friendly interface is a highly realistic trading simulator that pays actual cash for correctly predicting financial markets (currencies, commodities, stock indices and Bitcoin). As a bonus players will also learn the valuable skills needed to trade as fulltime occupation.
The goal of Spark Profit is to make predictions in financial markets to earn points. Earn enough points, and you start to earn money – the more points you accumulate, the more money you earn! There is no outlay of cash nor investment required. Even more compelling, 95% of the points you earn are carried over each week, to help you earn as much as possible.
The predictions you make are about the real financial markets, with live prices coming straight from those markets. As the price changes after you make a prediction, your points will go up or down. Because the app is so intuitive and graphical however, you don’t need to any prior experience or mathematical skills to use it. Just point and predict!
Spark Profit was very carefully designed to fit any schedule, no matter how busy. Predictions can be made in seconds, and run even when you are not watching; you can limit points lost for incorrect predictions; and you can come back to review or cancel at any time. After downloading andregistering for free, there is even a two minute tutorial to help you make your first prediction.
The company wants to find and nurture natural trading talent from around the world. By making the financial markets accessible to everyone in the world, the company aims to make them more efficient and democratic. The company has already applied for two patents and has more planned. The company is looking to deploy this “crowd-sourced alpha” with financial institutions in UK and US by combining its users’ predictions to forecast actual price movements.
Paying Actual Cash
SparkProfit pays actual cash, which can be withdrawn whenaccumulated rewards have reached US$30. Rewards can be withdrawn via PayPal, Skrill or Bitcoin. In addition to makingmoney through correct predictions, playerscan also earn a “supporter bonus”when people they previously invited themselve earn cash: the carefully set up scheme paysa bonus ten percent or more of an invitee’s rewards.
Download Spark Profit for your phone or play it in your browser, at http://sparkprofit.in/.
How do I get started?
Just go to the Spark Profit application page . (You might want to bookmark it, or add a link to your home screen on a mobile).
What’s the general idea?
The goal of Spark Profit is to make predictions to earn points. With enough points you then earn money. The points carry over for a while, meaning that you can earn for many weeks from a single game.
The predictions you make are about real financial markets. As the price changes after you make a prediction, your score will go up or down. Because our app is so intuitive and graphical you don’t even need to think about the numbers to use it. Just tap and draw!
Earning
How do I earn money?
There are two ways to earn money: predict well or invite friends. You can do both at the same time. Before you can earn money you will need to register your email and phone number
Earning money by predicting well
Every prediction you make will win or lose points. All of these predictions are summed together in your total score. At the end of each week if your total score is greater than the weekly threshold, currently set to 20,000 points, you will earn money. The larger your total score is, the more money you earn. It’s really that simple. Then, after prizes are paid, we reduce everyone’s total score by the same small percentage. This means that no-one gains or loses relative to each other, but it gives new-comers a chance to catch up by continuing to play well. The weekly pot gets larger if more people do well because we add money for every person who makes the grade that week. We want to encourage more people to join and play well.
Earning money by inviting friends
If you invite anyone to join the app and they predict well, they will earn money. In fact it’s exactly those kinds of talented people we want – so we will give you 10% of their first years’ incomes as a bonus. They don’t lose anything but you can gain a lot! There is no limit to the number of people you can invite. To invite someone, just have them click on your personal “Supporter Link” before they join. You can share it anyway you want: chat, mail, FB, etc. You can find your Supporter Link in the application itself, in the Social tab
How do I withdraw my earnings?
Just click on the button on your Account tab to withdraw all your earnings to date. You may withdraw to any of these services:
PayPal
Skrill
Bitcoin
It generally takes a week to receive the money after sending the request. There is a minimum withdrawal of US$ 30.00. Note that the services may take off some transfer fees. If you want to avoid these fees please use Bitcoin!
To protect our service from cheaters and people who would spoil it for everyone we will not allow multiple accounts to withdraw to the same address on any of these services. So if user Jane has withdrawn to jane@me.com on PayPal then no-one else will later be able to withdraw to that same PayPal account.
Predicting
How long does a game last?
As long or as short as you want! Once you’ve made your prediction you can stay and watch your score change as people around the world buy or sell, moving the price closer or further from your target. There is no need to hang around though if you’re busy: you can simply log back in anytime to see where it is, or ask to be notified when the market hits your levels.