April 3

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Football Index Explained: The Ultimate Guide [2020]


Last Updated – 6th July 2020

You’ve finally found it! This belter of a blog post is Football Index explained to the very core!

You’ve found the most exciting gambling platform in existence. It’s so brilliant most people see it as a financial investment, or a “savings account on steroids” as opposed to a traditional gambling platform!

Such is the beauty of the Football Index.

In this post I’m going to detail everything you need to know about the platform, right from the very basic concepts of buying and selling shares to the slightly more complex things like dividend payouts and the media scoring system.

You may also want to bookmark this page for future reference because there’s a bunch of different concepts that may take a fair few reads before being fully grasped (although I’ve explained them as concisely as I can).

Anyway, let’s get started…

 

What is Football Index?

The Football Index is a virtual football stock market that allows people to buy and sell shares in real life footballers. The platform – which is UK licensed and regulated by the UK gambling commission – was launched in 2015 by founder Adam Cole.

In its very essence, the platform combines the principles of stock markets, traditional betting platforms and fantasy football into a product where traders can use their existing knowledge of each of the aforementioned elements to make significant profits via capital appreciation and dividends.

 

How many users does Football Index have?

Now it’s difficult to pinpoint an exact figure, but the Football Index surpassed 500,000 users in late 2019.

This is quite impressive as they had reported 100,000 users in January 2018.

From these numbers, you can easily deduce that this sports betting alternative is well on its way to rivalling the biggest bookies in the country.

I can personally attest to the positive direction that the company is heading towards, as they navigated the worst of the corona virus pandemic pretty well whilst stock markets across the world crumbled.

Now that you know what the Football Index is about, let’s get into the exciting nitty gritty…

 

How does the Football Index work?

The act of buying a share in a footballer on the index is the equivalent of placing a fixed odd bet on a traditional betting site.

In addition to this, the shares purchased are capable of generating daily pay-outs for traders in the form of dividends. The dividends on offer on the football stock market are linked to actual footballing performance on match days, their presence in the various media outlets as well as the number of goals, assists and clean sheets they produce.

I’ll have more on this in a minute…

… Now…

The bet, or in this case, the share purchased, is valid for a maximum of 3 years from the date of purchase. Once the shares have expired, you lose your stake and the right to compete for the dividends on offer.

However, in advance of the expiry of the shares, a trader will have the opportunity to sell the shares via the platform and re-purchase shares in the same footballer if they wish. This is known as “resetting” the share(s).

Let me explain a commonly occurring scenario…

As a trader, you can purchase a maximum of 300 shares per transaction. Which basically means that you can buy up to 300 shares in any footballer on the platform at any one time. So for instance, you could purchase 1000 shares in Lionel Messi in various batches:

  • 300 shares on 25th March 2018
  • 300 shares on 6th April 2020
  • 200 shares on 9th June 2020
  • 200 shares on 10th August 2020

In the above example, none of the shares would have expired as they are all within the 3 year threshold.

An important thing to note however, is that if you were to sell 300 of these Messi shares for example, the oldest shares would be sold first. So in this case, the 300 shares purchased on the 25th of March 2018 would be the first to sell.

Sounds simple? Good.

Now let’s talk about the specific process for buying shares.

 

How do you buy players on Football Index?

Once you’ve completed the registration here and accessed the website, click on the “Deposit” button on the right hand side of the page.

football index explained - making a deposit

On this page, you’ll be prompted to deposit cash from your bank which, once approved, will sit in your “Cash Balance”.

Once you’re happy with your amount deposited, head over to the “Market” tab.

football index explained - market tab

From the image above, you can see a drop down menu which indicates a “Top 200” list of players and a “Squad List”. The descriptions given by the powers that be are fairly self-explanatory.

The Top 200 is simply a list of the 200 highest priced footballers on the platform whilst the Squad List is every other player that falls outside the Top 200 category.

Previously, only footballers from the Top 200 list were eligible for media dividends (more on these coming up!) but this distinction was removed recently and all players on the platform now qualify to win this dividend on a daily basis.

So, once you’ve selected either the Top 200 list or the Squad List, you’ll find a list of players on the resulting page. By default, the list is sorted by the player’s whose prices have risen the most in the last 24 hours.

Once you’ve nailed down a target, simply click on the player and you’ll be presented with the player profile page.

football index explained - player profile

From the image above you can see the player in question has both a “Buy” and “Sell” button.

In the past, buying a player would simply involve clicking on the “Buy” button, selecting how many shares you wished to purchase and clicking another “Buy” button to confirm the transaction.

The transaction would then be processed and confirmed if you had the required amount sitting within your cash balance.

football index explained - buying players

You also had the option to “Buy Max” as you can see from the image displayed above. This simply bought the maximum amount of shares in the player in question that you could afford with your existing cash balance.

You could also choose to “accept price movements” which meant that your buy price could fluctuate during the purchase if there were existing buys or sells being made at the time.

With the check box functionality enabled, the interface will send you an alert if there was a price change during the time of purchase.

And that was it!

After completing the aforementioned steps on the old interface, your purchased player is now a part of your overall trading portfolio.

But the buying process has changed quite significantly in the past couple of months on the Football Index.

This is due to the introduction of…

 

The Football Index Matching Engine

The matching engine is Football Index’s first steps to implementing the fully-fledged NASDAQ order book system that we’re eagerly anticipating.

Through the matching engine, traders are now able to acquire players at prices that are lower than the traditionally advertised “Buy Now” price.

A user simply navigates to the “Top 200” or “Squad Players” section of the football stock market and chooses a player that they wish to acquire. Once settled on a target, you click the player’s buy button and a pop up screen that has the option to “Place Bid” becomes visible.

You can see this below:

football index explained - bidding process

From there, it’s simply a case of selecting how many shares that you wish to bid for.

From the image below you can see that the lowest price you can bid for a Mason Greenwood share is £6.82.

football index explained - bidding

If, for example, a bid for 100 shares at £6.82 was successful, the shares that were matched will show up in your portfolio as bought for at £6.82 each, representing a profit of £2.82 per share!

It’s important to note that there may be instances where not all the shares within your bid were matched. This is illustrated by the Ighalo example below:

One of the key takeaways from this is that a bid is only matched when another trader makes an instant sell of that same player.

Here’s a set of quotes from the Football Index regarding the change to instant sell:

The price you’ll see in the red Sell button on the Index (the Instant Sell price) is an average of max 300 Shares that come from the highest Bids. When a Trader Instant Sells Shares, the highest Bids for those Shares are Matched.

Bids are Matched based on price (highest Bid first). If multiple Bids are the same price, then by time (First In First Out).
 
As the Instant Sell price is an average of max 300 Shares, selling any fewer than 300 Shares might result in a higher Instant Sell price. This is because the highest Bid may be higher than the average price, and Instant Sells always go to the highest Bid first.

This is a very important point.

In the past, the burden of responsibility of instant sell rested on the shoulders of the Football Index themselves. But they have now shifted that responsibility onto the traders.

Football Index have also implemented something called a bid zone, which is simply the price range in which bids can be made.

Although this zone varies for each footballer on the platform, the minimum bid price is usually 60% of the buy price of the player in question, with the maximum bid price a single penny below the buy price at the time of the bid being placed.

What’s more is that bids cannot be placed outside of this zone, and further restrictions include being limited to a maximum of 10 bids per footballer at any one time, with each bid allowing up to 300 shares to be purchased.

The existing “Buy Now” functionality will now function alongside bids, which will have a 2% commission applied from the 1st of August 2020.

Now let’s move on to selling players, which is slightly different…

 

Selling Players

It’s critical for you to understand this next concept as you will need it to make judgement calls once you start trading.

Basically, the Football Index charges a 2% commission fee on all player sales, with a minimum commission cost of 1p.

So for instance, if you purchased 100 shares in Cristiano Ronaldo at £2.95 and sold these 100 shares at £3.25, the commission will be:

Commission Per Share = Market Sell Price – (Market Sell Price x 0.98)

Commission Per Share = £3.25 – (£3.25 x 0.98)

Commission Per Share = £0.065

Total Commission = Commission Per Share x Number of Shares Purchased

Total Commission = £0.065 x 100

Total Commission = £6.50

 

How do you sell players on the Football Index?

There are two ways to sell your players:

  1. Market selling
  2. Instant selling

Let’s talk about each of these methods in turn…

 

Market Selling

Selling shares to the market is the process where you place your shares in the sell queue and another trader purchases these shares off of you for the current buy price of the player in question.

With market selling, you usually receive a better price for your shares than if you choose to instant sell, and it is often the better method of selling when you seek to lock in your profits and are prepared to wait.

However, with market selling, price movements apply and the price that you sell your shares for is not guaranteed, as it is based on the existing demand and supply which influences the published price at the time of sale.

When market selling, you can also set a reserve price.

The reserve price must be lower than the current buy price of the player in question. If the actual price of the player falls below the reserve price, then that particular sell order will be automatically cancelled.

 

Instant Selling

With instant selling, your shares are sold immediately but at the current sell price of the player in question, and the sale is reflected in your transaction history immediately.

This method of selling is often useful if you require the funds urgently for a real life scenario or if you simply wish to jump on another trading opportunity quickly using the funds you had invested in the player sold.

The main reason why this method is less preferred than market selling is because of something called the spread.

The spread is the difference between a player’s buy price and sell price. When an instant sell is made, a trader pays the spread on top of the 2% commission!

It is also important to be aware that, there are certain circumstances where the Football Index risk assessment team may suspend the Instant Sell facility, either temporarily or indefinitely on the whole market or on individual players.

Instant selling can be painful.

And the Football Index hierarchy understands this. Which is why they’ve said they’re going to introduce NASDAQ powered order books in the near future.

The platform is well on its way towards the final goal, as the first phase of the matching engine has been successfully implemented, which now allows traders to place purchase orders for players at less than the current buy price through a bidding process.

It’s important to note once again here that the instant sell functionality is now powered through the aforementioned bidding system.

A bid is only matched when other traders make an instant sell, and so the instant sell prices shown on the platform are now determined by the average of the highest bids for each player.

Now that you understand the mechanics behind buying and selling players, I’m sure you’re probably wondering…

 

How are prices affected?

Good question!

A player’s price rises and falls based on the economics of supply and demand.

In simpler terms, the more a particular footballer’s shares are purchased, the greater his price will become, and the more a particular footballer’s shares are sold, the lower his price will become.

What’s important to note however, is that the factors that influence the buys and sells are slightly more complex.

Not to worry though! I’ve got you covered!

I developed a 13-point Player Price Movement Guide that should tell you all you need to know about the factors that influence the rises and falls on the index.

Grab A Copy of the Player Price Movement Guide!

Discover 13 of the most common factors influencing player prices on the Football Index, so that you can make more informed and confident trades!

Once you’re aware of what affects player prices, you need to understand the dividend structure that Football Index offers.

 

Dividends

Dividends are won through player performance, which is either directly on the field of play (performance buzz dividends and in-play dividends) or via media stories (media buzz dividends). The dividends are fixed payouts based on the shares you have in your trading portfolio.

Now let’s start with performance dividends…

 

Performance Buzz Dividends

Also referred to as match day dividends, these are paid out to the top performing forward, midfielder and defender on a match day.

There are three tiers of match day, with each tier taking into account the number and prestige level of matches taking place on game day.

The three tiers are as follows:

Every player taking part in a performance buzz eligible match day is awarded points according to the Football Index’s very own scoring matrix…

football index explained - scoring matrix

So you can see that a goal scorer accrues 45 points for hitting the back of the net and 35 points if that particular goal proved to be the decisive winner in the game.

Recently, a Football Index customer survey was conducted and the results suggest that traders would like to see improvements and adaptations to the existing scoring matrix.

There is plenty of chatter across social circles suggesting that the existing matrix places too much weight on crossing, which has seen players like Trent Alexander Arnold benefit immensely.

However, Football Index have announced that the matrix would remain the same for the 2020/2021 season, with the next review coming the season after that.

Now at this point, it’s very important to note that not all matches qualify for performance buzz dividends.

For example, players taking part in the Eredivisie (Dutch Football League) don’t qualify to receive performance buzz dividends.

The image below illustrates which competitions are performance buzz eligible.

Another key point to note is that in order to qualify for match day dividends, shares must be purchased before 15:00 GMT. The top scoring player by 23:59 GMT from each playing category will receive the match day dividends, with a star man bonus dividend paid out to the top performing player overall on the day.

Football Index makes the dividends game even more lucrative on European nights as players participating in the UEFA Champions League and the UEFA Europa League have their scores multiplied by 1.25.

One last point to note is that in the event of a tiebreak on a match day, the youngest player will be awarded the performance dividends.

As a beginner, all this information can certainly be overwhelming. There’s a number of different concepts to grasp but once you get to grips with them all, you’ll be on your way to profit!

Now let’s talk about the second type of performance based dividends on offer.

 

In-play Dividends

Football Index pays out in-play dividends for the first 30 days that shares are owned. The payouts are:

  • 1p per goal for a forward or midfielder
  • 2p per goal for a defender or a goalkeeper
  • 1p per assist for any position (i.e. forward, midfielder, defender or goalkeeper)
  • 1p per clean sheet from a starting goalkeeper over the full 90 minutes

To qualify, traders must hold shares of the players set to receive these dividends until midnight on the day of the in play dividend event. This is not to be confused with the deadline for performance buzz dividends, which is 3 pm UK time.

Now let’s talk about the last set of dividends on offer…

 

Media Buzz Dividends

These dividends are what make the Football Index platform stand out.

The availability of media buzz dividends means that every trader stands a chance to win a dividend on every single day of the year!

Football Index uses RSS feeds that scour the web for news from UK newspapers and then awards points to footballers based on article mentions. So for instance, Harry Kane could receive media points for being mentioned in an article about a transfer to Manchester Untied that was written by the BBC.

The media sources that get scanned for articles include:

  • TalkSport
  • UEFA
  • The FA
  • ESPN
  • FIFA
  • Football League
  • Daily Mail
  • Daily Star
  • The Times
  • Telegraph
  • The Independent
  • The Express
  • The Guardian
  • Metro
  • Daily Mirror
  • BBC
  • Football365
  • Goal.com
  • Huffington Post
  • Sky Sports

Essentially, the more times a player gets mentioned in these media outlets, the higher his media ranking will be for that particular day.

Very interesting right!?

It gets even more intriguing, as Football Index stipulates that article mentions must contain the player’s full name in order to be credited with media points. So for example, an article containing the word Hazard wouldn’t score any points, but an article mentioning Eden Hazard or Thorgan Hazard would.

This provides single name players like Neymar and Fred with a distinct media advantage over other players as their articles only need to contain the single name to score points.

It’s also important to note that any news that relates to illegal activity does not get awarded points and Football Index manually removes these articles from the scoring charts, which tend to be updated every 30 minutes on average.

And there’s even more you need to know!

Introducing…

 

The Sentiment Score

As quoted on the Football Index forum:

“A sentiment score is used to measure the sentiment of the article. The more positive the article the more points it scores. The exact model used is AFINN-165. AFINN is a list of English words rated for valence with an integer between minus five (negative) and plus five (positive). The words have been manually labeled by Finn Årup Nielsen between 2009-2011.

There is a list of 2477 words and each word has a score of between -5 and +5.”

Some examples of words and their relative scores are as follows:

  • Win (+ 4)
  • Stunning (+4)
  • United (+1)
  • Loser (-3)
  • Lost (-3)
  • Losing (-3)
  • Injury (-2)

You can find the full list of words and their scores here.

For positive articles, Football Index tallies the scoring words, adds a single point and then multiplies by 20 to arrive at the final article score. This can be summed up as:

Positive Article Score = (Sum of Scoring Words +1) x 20

So for example, Bruno Fernandes’ stunning (+4) goal ensures win (+4) for United (+1). This article would have a total of 9 scoring words, so adding on the 1 to 9 scoring words gives 10. Then 10 multiplied by 20 gives the article a final score of 200 points.

In a scenario where an article only consists of negative scoring words, the sum of the scoring words is halved, then flipped round to a positive number, 1 point then gets added and the number is then multiplied by 20 to arrive at the final score. This means articles cannot score negative points.

Take the case of an article which states that Kylian Mbappe suffers (-2) a hamstring injury (-2) in a disappointing (-2) PSG defeat (-2).

In this instance, the sum of the scoring words is -8. Half of -8 is -4, which is then flipped into +4. Then 1 point gets added to 4, which is 5, and then the 5 is multiplied by 20, giving a score of 100 points for this article.

So you can see that even in a situation where Mbappe was on the receiving end of a defeat and acquired a hamstring injury, he still manages to score points in the media which could potentially lead to dividends at the end of the day. Simply amazing!

One last thing that I’d like to point out is that…

Manchester United players often do well on the media buzz scoring system because the word United scores +1 point every time it’s mentioned, and so any article with the club’s name included gives that player a 20 point increase.

Now that you understand how the media scoring system works, I’m sure you’re curious to know how much the media payouts are!

 

Media Buzz Dividend Payouts

Well, media buzz payouts are made every day to the top 3 players who accrue the most media mentions over the course of the day. The deadline to qualify for these particular payouts is 3pm UK time, just like performance buzz dividends.

At the moment, media madness on Football Index has been in full swing in the absence of football matches, which has boosted the payouts slightly. You can read more about it in the article I just linked to.

However on a standard media day, the top 3 spots pay out as follows:

  • 5p for 1st place
  • 3p for 2nd place
  • 1p for 3rd place

A quick note is that on days when performance buzz eligible games are being played, a single payout of 3p is awarded to the top media spot.

And in the event of a media score tie break, the player accredited with the most recently published article wins.

For easy conceptualisation, the chart below illustrates the media buzz payouts available on match days and non-match days.

football index explained - media payouts

And that concludes the section about dividend structure!

You should now have a good handle on how Football Index handles media and performance payouts, which should put you in good stead as you trade on the platform.

Now we shall talk about the last few pieces of the Football Index puzzle.

Let’s start with…

 

What countries does the Football Index operate in?

At present, the Football Index is available to those living in the following countries:

  • United Kingdom
  • Republic of Ireland
  • Canada
  • New Zealand

There have been widely publicised plans of the company intending to spread its corporate wings into Europe, as Germany and Spain have both been targeted.

However, in a recent Twitter Q&A session, Adam Cole mentioned that pooled liquidity may no longer be a possibility for countries like Germany due to the nature of their gambling laws.

It therefore remains to be seen whether European expansion will become a reality in the future.

 

How do Football Index make money?

At present, the Football Index take a 2% commission on all sales.

This was illustrated in greater depth in the example located further up in the blog post.

They also plan to introduce a 2% commission on buys that go through the matching engine.

In other words, in addition to the 2% commission on sales, there will also be a 2% commission on matched bids that will come into force from the 1st of August 2020.

However, this 2% commission does not apply to traditional market buying, only on bids successfully placed via the matching engine.

 

Does Football Index have all players?

Unfortunately, not every player is available to purchase on the Football Index.

In fact, there are quite a number of well known talents who cannot be acquired on the platform, such as:

  • Giovani Reyna (Borussia Dortmund)
  • Matty Cash (Nottingham Forest)
  • Dion Sanderson (Cardiff City, on loan from Wolves)

And that’s just the tip of the iceberg really.

But in order to fully understand why so many players aren’t available, it’s important to understand how the process of adding players to the platform works.

 

Initial Player Offerings (IPOs)

Initial Player Offerings are a very well executed adaptation of the more widely known initial public offerings that you see corporations utilising in the real world.

IPOs on the Football Index also serve a similar purpose, as they are used to introduce new footballers onto the platform, who can then be purchased immediately by traders.

Football Index usually informs traders of the players who are set to IPO on the day before the event. In their communication they will indicate who the players are as well as the predetermined prices that they will be introduced onto the platform at.

What’s critical to note is that the IPO starting price is not the price a trader is usually able to buy in at, as the price usually rises within seconds because of the suspected presence of automated trading.

Over the years, the Football Index IPO system has been fraught with many technical mishaps. And it’s often suggested that new traders should avoid trying to make profits from IPOs, as there’s a high likelihood of losing money if you don’t know exactly what you’re doing.

That’s not to say there’s no opportunity to make money from IPOs, as there very well is! However it is very important to tread carefully in this area of the market now.

At the moment, the Football Index IPO process has just been relaunched after a prolonged suspension, as there were massive complications with the Japhet Tanganga and Adil Aouchiche IPOs in particular.

If you’ve spotted a player who is not on the platform and you’d like to see them added in the future, you can get in touch with Football Index directly at support@footballindex.co.uk or by tweeting @FootballIndex.

At this point, the post will now briefly answer the most important question…

 

How do you make money on the Football Index?

The main strategy is to buy low and sell high.

Sounds pretty obvious right?

Let’s take a simple example to illustrate this.

Now here is Norwich’s goal scoring talisman Teemu Pukki on the Football Index.

From the graph you can see that at the end of June 2019, his price was approximately £1.40 per share. Let’s say we bought 300 shares at this point.

Then let’s fast forward to the end of August, where after beginning the Premier League season with a barnstorming run of form and reaching an all time high price of £2.04, he has slowly declined to £1.82 per share.

If we sold the 300 shares at £1.82, that equates to a rise of 42p for every share bought (minus commission). So with 300 shares bought, the profit is 300 x £0.42, which equals £126 minus 2% commission!

That also doesn’t even factor in the goals that Pukki scored during the time as the shares could also be eligible for in-play dividends depending on when they were bought.

Now for illustrations sake, let’s say the shares were IPD eligible for Norwich’s first 3 Premier League games against Liverpool (1 goal scored), Newcastle (3 goals scored) and Chelsea (1 goal scored, 1 assist).

That gives a total of 5 goals scored and 1 assist, which in dividend terms is 5p for the goals and 1p for the assist, so 6p total IPDs. Multiply that 6p by your 300 shares owned and the dividends come to £18.

So on top of the £126 profit (minus commission) from the sale that you secured, an additional £18 would have been credited to your balance as well.

All in all, Pukki was a very shrewd purchase if the exit trade was timed well.

So just to recap, buying low and selling high as well as knowing when to sell is very important if you are looking to succeed on the platform.

Now it’s all well and good highlighting all the success stories…

But it’s also even more imperative to show that it’s not all rosy all the time. People shouldn’t have unrealistic expectations as you can lose money on Football Index.

Here’s a few ways how…

 

How can you lose money on the Football Index?

One of the easiest ways to eat into your profits as a trader is by needlessly paying large spreads.

It’s actually surprising that quite a number of people either don’t understand the difference between market selling and instant selling, or simply don’t care!

Football Index charges a 2% commission every time you sell a player. This means that when you initially invest in a player, your return on investment is -2%. The website and app interface will show you how much profit / loss each player in your portfolio has, but the figures shown do not factor in the 2% commission.

So even if you end up selling a player for the same price that you bought him for, you would not even break even on that trade.

Now, for example, let’s say you bought 1000 shares in Paul Pogba who, at the time cost £6.50 a share. Current Pogba is now worth £7.60 a share with an instant sell price of £7.30.

If you instant sold at £7.30 you would be losing out on 30p per share profit (minus 2% commission). That’s roughly £300 tossed in the bin because you instant sold instead of market sold!

If you flip that coin and imagine yourself instant selling every time one of your holds is largely “in the red” for one reason or another, you could be looking at a lot of lost money very quickly.

However, it’s well worth noting that circumstances on the platform are constantly evolving and in some cases, instant selling is not the end of the world as it’s often pointed out to be. Sometimes, instant selling a poor performing player and minimizing the loss to jump onto a player with great potential can work out tremendously, as I’ve learnt in my time on the platform.

Additionally, there are other times where you may need the money for urgent real life situations and need to cash out straight away. And that’s perfectly okay to do. But if you’re in this for the long haul, you may want to ease your foot off the instant sell pedal as patience on the platform can be rewarded handsomely.

Another way that people lose money on the platform is by falling prey to a “pump and dump”.

You’ll hear this term bandied about especially within the Football Index community on Twitter. Quite simply, whenever a player is recommended by someone, be it in an article, a tweet or a podcast, there is always the likelihood that the tipster owns shares in the player in question and will look to cash in on the back of the recommendation.

So you could find yourself in a situation where you bought some unknown talent from the Belgian 2nd division after seeing him on the highest percentage risers list. Then the price stops rising, begins to decline and then falls below your purchase price.

At that point, the buyer (or groups of buyers) that got the first bite of the pie and who may have even recommended the player in the first place, will have already exited the trade with their profit banked, leaving you holding a worthless player at a loss.

That’s why the onus is always on you as the investor to do your own research as you are responsible for your own portfolio.

This naturally leads me on to another important question…

 

Is my money safe in Football Index?

No doubt any person willing to invest considerable sums of money into a gambling platform will want some assurances – be it from other traders or the powers that be – that their money is in safe hands.

As a trader myself, I can personally vouch for the safety of the platform having invested a significant part of my savings here.

And I’m sure many others can personally attest to this as well.

However it is very important to note that at the moment it may be more difficult to withdraw funds due to the lack of liquidity across the market.

The implementation of the matching engine is not yet fully complete and many traders (myself included) are having a hard time shifting funds or selling altogether due to the lack of instant sell in certain areas of the market, more particularly at the lower end of the pricing scale (see below).

Sidenote: If you’re interested, I wrote an in depth article covering the platform’s legitimacy.

 

Do users pay tax on Football Index earnings?

The simple answer to this question is no.

No tax is paid on the money that a trader makes through the use of the Football Index platform.

 

Will Football Index keep growing?

The answer to this question, in my honest opinion, is a resounding yes!

Many will agree that the company is still in its growth phase with many more years of development ahead.

You only have to look at how player prices are moving to get a glimpse into the strides that Football Index continues to make.

When I initially wrote this blog at the beginning of April, Mason Greenwood was available to buy at £4.73 – which you can clearly see from some of the images in this post. Whereas now – having updated the post in July – you can see that he’s more than double that price as he can be bought under traditional “Buy Now” for £9.74!

I have no doubt that the platform will continue to grow from strength to strength, even with the emergence of competitors such as FootStock.

So, what do you think?

If you’re impressed by what’s on offer here, I’m pretty sure you’ll want to get started with trading in the best possible way.

Let’s talk about that…

 

Getting Started

You can begin your trading journey by registering via the Football Index website.

Or if you like, you could jump onto Twitter or whichever social media platform you like to use and have a look for a referral code that another platform user may be offering.

Signing up through a referral code usually gives you a £10 bonus for the person signing up as well as the person who offered the referral code in the first place.

Once you’ve registered, you can download the native iOS or Android applications that the company has created. The apps really simplify trading as you can manage your portfolio whilst you’re on the move.

And again, I’ve got to give Football Index credit where it’s due.

They’re so confident that you’ll love their product that they’re willing to let new customers trade £500 risk-free for 7 days.

This means that if you got yourself into a sticky situation, they’d offer you a full refund of up to £500, no questions asked!

Take a look at the video below for further information on this.

And that’s a wrap!

I hope this blog post has got “Football Index explained” to a tee.

My hope for anyone reading this is that it’s shed a lot of light on what the platform is all about – which is making lots and lots of money!

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About the Author 

Samuel Waihenya is 24 years of age and has been trading on the Football Index for the better part of the last 6 months. He's made mistakes and learnt plenty along the way, such that he is now fully confident in his trading. As a result, he seeks to help others make the most out of this fantastic platform that does in fact offer financial returns that are "too good to be true" :)

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  • Great blog Samuel! Just wondering why no mention of Index Scholar? But I guess you want to promote the trading and then teach others. A very readable and interesting blog. Spotted only one typo where misspelt as were. Good luck

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