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 I am new to TradeSports - how do I get started? |
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First you should decide if you prefer our Trading Screen or our Betting
Screen. These offer the same contracts and prices but display the information
in different formats. Traders may find the Trading Screen more intuitive,
while customers of Sports Books may be more at home with the Betting Screen.
You may want to view our Trading Demo (available to the upper left of
the Home Page). Our Exchange Representatives are always happy to answer
any questions or give you a tour of the site - call 1-866-303-1927 before
5pm.
The next step is to deposit funds and you are ready to trade!
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 How do I deposit funds into my
account? |
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TradeSports accepts deposits by:
- MasterCard and Visa (clears instantly once account has been verified)
- FirePay (clears within 7 days)
- Bank Transfer (clears within 1-2 business days)
- Check/Money Order (clears within 10 days of receipt for unverified
accounts, clears upon receipt for verified accounts)
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ACH (clears in approximately 3- 4 business days)
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What is a
Trading Credit? |
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TradeSports bonuses, such as deposit bonuses, are awarded as Trading Credits.
A Trading Credit adds to your available balance and may be used to fund
trades. A Trading Credit may not be withdrawn as cash. Any profit or loss
arising from using the Trading Credit will be added to or debited from your
cash balance.
If you withdraw your deposit without turning it over at least once in
your account, your deposit bonus will be reversed. Once you have paid
fees equal to the Trading Credit, you may request to have the Trading
Credit converted to your cash balance.
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I just want
to make a bet - what do I do? |
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In this case you may want to go to our Betting Screen. This displays the
bets in a format familiar to Sports Book users. On the Betting Screen you
can view moneyline or digital odds and choose the amount of money you want
to bet. The Betting Screen has a seperate Help section to get you started. |
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Am I guaranteed
the quoted price when I place an order? |
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TradeSports executes all orders automatically. When your order is entered
it competes with others in a queue based on the best price and then the
time the order was received by the Exchange. Orders at the same price joining
the queue before yours have priority. Therefore we cannot guarantee the
price until your order reaches the exchange and is executed at your quoted
price or better. |
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What are the
TradeSports fees for deposits or withdrawals on my account? |
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TradeSports does not charge any fees on deposits.
You are allowed two free withdrawals by check
per 30 day period. Subsequent withdrawals in the 30 day period are subject
to a $10 administration fee.
Bank transfer withdrawals are subject to a $20 bank fee. The $10
administration
fee may also apply to bank transfer withdrawals.
If you request to have your check sent Fed Ex, a Fed Ex fee of $30 will
be applied.
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What other fees or commission
am I charged? |
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The Exchange charges exchange fees on trades and contract expiries.
There is no charge for entering an order, Trading Fees only accrue to Price Takers*.
The exchange does not charge a Trading Fee on Price Maker Order*.
Price Makers and Price Taker* pay Expiry Fees.
See Fees section for more info
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I have forgotten my login information |
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In the case of a forgotten password, click on the Login Help
link under the main login area, then select the Forgotten Password option.
Enter the information requested and a new password will be emailed to you.
In the interest of security, TradeSports employees do not have access to
your password but they can assist you with the Login Help section.
If you need to be reminded of your TradeSports account number, please email
help@tradesports.com with your
name, address, date of birth and (if you remember) the answer to your security
question. |
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Where do I find the Rules for
expiring contracts? |
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The Contract Rules section can be found by clicking on the
Rules link at the bottom of every page. This outlines how TradeSports list
and expire contracts and includes circumstances such as games being postponed
or players withdrawing etc. For Special contracts we may publish additional
expiry rules in the Exchange News section (available from the Home Page). |
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What is the role of TradeSports?
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TradeSports is an exchange that facilitates trading by matching orders
from its customers. Additionally, TradeSports fulfils a "clearing house"
function by implementing margining, administrating payments and maintaining
customer accounts. TradeSports ensures that trading profits and losses are
transferred between customers in a timely manner and allows customers to
close out positions by trading with any other customer. TradeSports does
not enter into trades on the exchange. |
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How do I contact TradeSports?
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Go to our Contact Us page.
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Can I invest in the Company, Trade Exchange Network?
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Trade Exchange Network is a private company owned by a number of
shareholders (see the Fortune article in our Press section for
additional information), and is not currently publicly traded.
For additional information please mail
investors@tradesports.com.
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