At Trade Chase you can bet on the world's biggest brands, currencies, commodities and indexes, such as Apple, Carlsberg, US Dollar, Oil, and the Nasdaq. But what if you've never traded before? What if you don't know anything about the stock market? Where do you start? Well here are our answers to your frequently asked questions:
What exactly is stock market betting?
Stock market betting is betting on whether assets like gold, oil or Coca-Cola will go up or down. For example, if a company announces record profits, you may wish to bet that their share price will go up in the next 24 hours. It is just like betting on your favourite football team.
How is stock market betting different to real trading?
Stock market betting is quick and cheap because it does not involve actually buying or selling the asset. It is also predictable - you know in advance exactly what you will spend, exactly what you stand to win or lose, and exactly when your bet ends. In comparison, real trading requires calculation of commissions, fees and taxes, and you have to constantly worry about when to sell and whether you have earned enough.
What special knowledge do I need?
None at all. You just need to be able to make a decision. Even if you are a complete novice, you will become familiar with the interface, the assets and how their prices change in your first five minutes of betting.
Are my winnings taxable?
No. Stock market betting is exempt from all taxes in the UK.
What assets can I bet on?
On Trade Chase there are more than 60 assets you can bet on, including Apple, Coca-Cola, Starbucks, Coffee, Nissan, Barclays, US Dollar, and many more. All of the assets are grouped into categories such as commodities and forex.
Are the asset prices real-time?
All asset prices on Trade Chase are real world prices in real-time. In addition to the asset prices feed, we also offer a bespoke graphing package, which shows up to 5 assets at any one time.
What times of day can I bet?
Whenever you want to. Unlike other stock market betting sites, we do not offer fixed "time windows" during which you have to place your bets. You can bet on currencies and commodities 24 hours a day and you can bet on shares whenever the stock markets are open (working hours in Asia, Europe and the USA, depending on where the shares are traded).
Do you have a demo?
Yes. Trade Chase offers a free, real-time demo where you can bet on the price of gold. It does not require an account, it takes just one click and 60 seconds to complete a bet, and you can play it as many times as you want.
Can I practice for free?
Yes. Trade Chase is the only stock market betting site to offer a completely free practice feature, which you can use for as long as you want to. Trade Chase also offers a range of bet statistics, including statistics on your practice bets.
How much does it cost?
All Trade Chase accounts are FREE to open and you can practice for free for as long as you want to. When you are ready to bet real money, you can start from as little as £1 - the lowest minimum bet of any stock market betting site - up to a maximum of £1,000 per bet.
How much money can I win?
Trade Chase is the only stock market betting site to offer a fixed payout across all assets and all bet durations. We have a +70% return on all winning bets. So a £10 bet wins £17, a £25 bet wins £42.50 and so on.
Do you offer any bonuses for winning streaks?
Yes. Trade Chase rewards users with "bonus cash" when they achieve Hat Tricks (three wins in a row) and Straight Sixes (six wins in a row).
Do you have a referral scheme?
Yes. We operate a referral scheme where you receive £5 in bonus cash just for inviting a friend on Facebook, whether or not they sign up. You can also receive bonus cash for other actions on the site, which can be found on our Rewards page.
Is Trade Chase a binary options web site?
Yes. Trade Chase is a binary options web site, where there are two possible outcomes from your bet - a fixed 70% profit or the loss of your stake.
Is Trade Chase regulated?
Yes. Unlike most binary options providers, Trade Chase is fully regulated by the UK Gambling Commission, guaranteeing the very highest technical, ethical and operational standards.
How secure is my information?
We take data security extremely seriously. All personal and payment information is secured using advanced SSL and a number of other applicable encryption methods.
Do I need to be 18 or over?
Yes. In accordance with UK gambling laws and good practice, you must be at least 18 years old to place real money bets on Trade Chase.
Do I have to prove who I am?
Yes. Trade Chase has a legal responsibility to ensure that vulnerable individuals, and individuals from countries where gambling is restricted, have limited or no access to the web site. We do this by requiring all paying users to pass through an automated ID check. If our automated ID check fails to recognise you, you will be required to pass a manual ID check.
Can I use Trade Chase outside the UK?
Trade Chase can be used by anyone in the world, but unfortunately only users based in the UK are able to make real money bets at this stage. We hope to expand real money betting to other countries in the very near future.
Where should I start?
We recommend trying out our demo if you haven't already done so. It is quick, very simple and does not require an account.
How do I create an account?
There are two mains ways to create an account on Trade Chase, both of which are very easy. Firstly, you can click on the Register or Create Your Account links and provide a username, email address and password. Alternatively, you can choose the even easier Facebook Register option, which only requires a username.
Do you have a sign-up bonus?
Yes. If you create your account with Facebook, using our Facebook Register option, you will receive an instant £5 cash bonus.
Do I have to pay real money to open an account?
Absolutely not. It is completely FREE to create an account on Trade Chase and you can make practice bets for as long as you want to. You will only be asked to pay when you wish to make a real money bet.