Horizons ETFs Management (Canada) Inc. and National Bank Direct Brokerage (NBDB) Tuesday announced the launch of the third Biggest Winner Trading Competition.
The free simulated investment contest provides Canadian investors with the opportunity to learn about exchange traded funds (ETFs) in a risk-free environment and to compete for cash prizes.
Nearly 3,000 Canadians participated in the previous two Biggest Winner Trading Competitions. Eligible registrants may open a fantasy brokerage account, which receives $100,000 in notional fantasy funds (no actual money will be involved). Registrants can use these funds to make simulated purchases and sales of the 72 ETFs offered in Canada by Horizons ETFs and its affiliates at market prices, anytime throughout the regular trading day.
Starting on October 7, the Biggest Winner Trading Competition will run for six weeks until 16:00 ET on November 15, 2. Registration is open throughout the competition by visiting the contest website: http://thebiggestwinner.stocktrak.com/home.aspx.
There will be a grand prize of $7,500 for the competitor with the highest six-week cumulative return; $2,500 will be awarded to the runner-up, and six weekly prizes of $500 each will be offered for the six best single weekly returns.
“Each time we run this contest, it gets bigger and better,” said Howard Atkinson, President of Horizons ETFs. “This time around, we’ve completely re-designed the online simulator to make it more user-friendly, and we’ve extended the periods of both the competition’s trading and registration. All eligible Canadian residents are welcome to register and try their hand at ETF investing in a simulated real-world environment with no cost and no risk.”
The winner of the last competition was James Kim of Markham, Ont. with a return of 14.6%. (See Investment Executive, Horizons announces ETF competition winner, March 25, 2013.)
NBDB will once again be the exclusive sponsor of the competition.