UK-based Nous Global Markets, founded in 2012, has launched in India its ‘Spark Profit’ application. According to the company, Spark Profit is a free to join, free to play and free to earn, virtual trading game.
The company has explained the procedure in its press statement how this predictive trading game can be played. The goal of Spark Profit is to make predictions in financial markets to earn points. 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(currencies, commodities, stock indices and Bitcoin) 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, you don’t need to have any prior experience or mathematical skills to use it, adds the press statement.
Commenting on the announcement Justin Short, the Chief Executive Officer (CEO) and Founder of Nous Global Markets (NGM) “We are delighted to bring this unique opportunity to India. This app helps people from all walks of life use their free time to have fun earning a little extra income. In view of the remarkable response we have received in Indonesia, Philippines and other parts of Asia, we are confident that Spark Profit will appeal to many people in India, whether it is someone playing on their commute, while minding their shop, in between household chores or just as a bit of fun at the end of a stressful day. Do you have an undiscovered talent for calling the gold price correctly? Spark Profit finally gives you the chance to find out – and earn money doing it!”
According to Short, 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 and registering for free, there is even a two minute tutorialto help you make your first prediction.
The company claims that they want 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.
According to the company, the accumulated actual cash can be withdrawn when rewards have reached US$30. Rewards can be withdrawn via PayPal, or Bitcoin etc.
