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How does the competition work?

Can we enter as a group?

Currently we are only accepting single entrants, however this is a great time for all members of your group to join and hone your skill trading.  

How do I get login information?

In your order confirmation, you will get a link to the registration form to complete. We must receive this form before we can activate your trading account. Your login will consist of a trading pin and a password that we give you. This is the only way to access your portfolio and needs to be kept secured. On June 7, you will receive an email with the link to the competition and will be able to start investing in your virtual portfolio.  

How does the competition work?

This is a virtual investment challenge. This means no real cash is being invested. In your virtual portfolio you will get $30,000 to invest. You can invest as much as you want in Stocks, Mutual Funds and Fixed Income. At the end of the competition, the portfolio with the highest amount is the winner.

What can I trade in?

You can trade in Stocks, Mutual Funds, Fixed Income in any Global Market. For Mutual Funds, you are required to know the Mutual Fund Ticker symbol to purchase them. For Fixed Income, you will have a choice of 1 year GICs.

I don't know anything about investing, where can I get more information?

We would strongly suggest getting Learn To Trade - Comprehensive Guide to work with along with the challenge.

Is there a limit on the number of trades I can do?

There is no limit on the number of trades, however, there is a minimum requirement of 1 trade a week to stay in the competition. A trade can be either buying, or selling a security or placing a limit trade.  

What system do you use to trade?

We have our own proprietary trading platform that is used to teach students in our investment program. This is the system that the competition will be run on.

How will the winner be determined?

The portfolio with the highest amount on July 16, 2021 at 4.30 PM EST will be the winner and get the prize.

Will I get a certificate?

All participants will get a certificate at the end of the competition. This certificate will be delivered digitally via email at the end of the challenge.  

How can I check my rankings?

You can check your own rankings in your account, in addition we will be posting weekly rankings on our social media accounts @explorerhop. Please follow us on Instagram, Facebook and Twitter to get the updates.

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