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The ASX has its own virtual trading game that is free for users. Make cash in 2016. StockFans does not involve monetary purchases of equities, it is not a brokerage, and is not subject to any regulation. As a financial product under the Corporations Act, any company that deals with options must hold an AFS licence, or be authorised by an AFS licensee. Other commercial trading or advice platforms like Sharelord Investor and Trading Game are licensed or authorised as representatives through an AFS licensee. Start the party early this week with a 2 day free cash game. Binary options allow investors to make an outlay and take a position on whether an underlying asset, such as a share, will either rise or fall in price by a set time.


It follows the launch of a stock trading game in Melbourne aimed at Australian university students, backed by a former principal of JP Morgan Partners. It also warned investors to be aware of the rules around derivatives trading. ASIC said it was aware of the existence of Stockfans and did not believe it held an AFS license. If accessing paid services, you warrant and represent that you are not a resident of the United States. NASDAQ and New York Stock Exchange. It urged anyone with concerns about the game or other virtual trading sites to report to ASIC. The corporate watchdog has warned online gaming companies offering fantasy stock trading they could be in breach of the law. While the trades are fake, players can win real money through competitions. While some games are free, others charge entry fees for games and reward users in real cash for trading competitions.


Fantasy stock trading games, which are becoming prominent in the United States, allow users to place virtual trades on an online gaming platform. TrakInvest local chief David Watson told Fairfax Media Stockfans was an educational tool to help people learn how to trade.

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