Fintoss is a virtual trading competition platform where any user can join the virtual trading competition and use trading skills to win exciting prizes.
No, Fintoss is a fantasy trading platform where users do virtual or practice trading by joining trading competition with live feed and quotes ,but competitions are real.
Yes, while you join the competition you are allowed to trade in all available crypto and FIAT currencies. You can check the available currencies here
You can join the competition with a low cost starting from $10.
It is a very simple process. You can add the money in your wallet via below available payment gateways.
Starting balance is the virtual amount that you get to starting trading. All the players in the competition will get the same starting balance to trade.
There is no such average duration for competitions. The competition can last for 4 hours a week.
Open the competition page and select a cryptocurrency you would like to trade. Input the volume of your trade (please note that the volume is specified in lots). The system will calculate the margin required to make this trade. If you have sufficient funds to cover the margin requirements buy and sell buttons will become active and you will be able to make the trade.
Margin for each trade is calculated as Lot Size x Volume x Current Price / Leverage. For example, suppose you would like to buy or sell 50 ETC in competition with a lot size of 100 and leverage of 100:1. The current ETC price is 15 USD. The required margin for this trade is 100 * 50 * 15 / 100 = 75 USD.
When you open a new trade your balance in the competition is not changed. Instead, your equity (cash balance plus any unrealized profit or loss) gets reduced by the amount of margin on all open trades. This affects your free margin and hence the ability to make other trades.
Open the competition page and in the list of open trades choose the one you would like to close. Click the "Close" button on the right, the trade will be closed and removed from the list of open trades. It will also become available in the history of your trades ("History" tab on the competition page).
Profit / loss is calculated as (Current Price - Open price) x Direction x Lot Size x Volume, where Direction equals 1 for long (buy) trades and -1 for short (sell) trades.
When the end date and time of a competition passes the competition will be automatically closed (any open trades will also be closed) and final leaderboard will be available on the competition page.
Points are awarded for certain actions. The more points you earn the higher place in the rankings you will get.
Here is how you can earn points:
Yes! This all real, we pay out our winners every week. You can ask our previous winners anytime.
After closing the competition you can withdraw your winning amount within 24 hrs time.
We are working on iOS and Android Fintoss, soon we will launch it.
For your convenience, we offer 24/7 support. We're always ready to respond, help you with any question or problem, and listen to your feedback on our services.