A competition that gives entrants fantasy funds to invest in virtual ETFs has returned for its ninth year.
Presented by Horizons ETFs Management (Canada) Inc. and National Bank Direct Brokerage (NBDB), the Biggest Winner trading competition gives contestants 100,000 virtual dollars to invest in a simulated ETF market, the companies said in a release.
After opening a simulated online brokerage account, participants can make virtual trades of any ETFs listed on the Toronto Stock Exchange.
The contest runs from May 6 to June 14. The contestant with the highest six-week cumulative return will receive a grand prize of $7,500, while the runner-up receives $2,500. Weekly prizes of $500 will be awarded to contestants with the highest single-week returns.
According to the release, the Biggest Winner competition has had approximately 12,000 participants to date and has awarded almost $100,000 in cash prizes.