"Trading" refers to the buying and selling of virtual shares in professional players or teams.
You are trading directly with SportsTrade. This means that you don't need to wait for a willing buyer or seller to execute your desired trade -- you can instantly buy or sell anytime you want.
No. You are not purchasing any equity or ownership in the player or team. While the SportsTrade platform has the appearance and similar functionality of a stock market it is not a stock market, it is a fantasy sports game. You are simply purchasing virtual shares in players or teams who's prices rise and fall on a percentage basis which is a function of the dollar volume of shares bought and sold on the platform. However, at no time is there a transfer of any actual equity or ownership in the player or team.
We currently support NFL Football, NBA Basketball and MLB Baseball. We wlll expanding into other sports in the future based on user demand.
Getting started is extremely simple. Go to the sign up page and open an account. Then go to your account page and very securely add money to your account using a credit/debit card. Once your account is open and funded search for your favorite players or teams, buy some shares and start building your portfolio!
The prices change based solely on "supply and demand". The more shares in a player or team that are purchased on the SportsTrade platform, the higher the share price goes and the more shares that are sold, the lower the price goes.
No. NFL Players with projected fantasy points that are 5 or less, MLB players with projected fantasy points that are 2 or less and NBA players with projected fantasy points that are 20 or less do not impact the user's share quantity owned based on that game's performance. However, all team and player share prices will always move based upon supply and demand.
Currently, for every $1000 in shares that are cumulatively purchased on the platform, the share price will increase 1% and for every $1000 in shares that are cumulatively sold on the platform, the share price will decrease 1%. These purchase and sale milestones and their impact on player values are subject to change at SportsTrade's discretion. Any change or update made to the milestones and/or percentage changes will be posted under the Terms and Conditions.
SportsTrade's original Fantasy Projections, scores, odds and player/team performance data are provided by SportsData.io. All projections and odds are constantly updated until game time.
NFL fantasy points are calculated by SportsData.io based upon standard PPR +1 scoring as follows:
Passing Yards: 1 point per 25 yards
Passing Touchdowns: 4 points
Passing Interceptions: -2 points
Rushing Yards: 1 point per 10 yards
Rushing Touchdowns: 6 points
Receptions: 1 points (only if using PPR scoring)
Receiving Yards: 1 point per 10 yards
Receiving Touchdowns: 6 points
2-Point Conversions: 2 points
Fumbles Lost: -2 points
Fumble Recovered for a Touchdown: 6 points
NBA fantasy points are calculated by SportsData.io according to their formula. The formula is as follows:
Three Point Field Goals: 3 points
Two Point Field Goals: 2 points
Free Throws Made: 1 point
Rebounds: 1.2 points
Assists: 1.5 points
Blocked Shots: 2 points
Steals: 2 points
Turnovers: -1 points
MLB fantasy points are calculated by SportsData.io according to their formula. The formula is as follows:
Singles: 1 point
Doubles: 2 points
Triples: 3 points
Home Runs: 4 points
Runs: 1 point
Runs Batted In: 1 point
Walks: 1 point
Hit By Pitch: 1 point
Stolen Bases: 2 points
Caught Stealing: -1 point
All Team Fantasy Point Projections are the cumululative projections for all players that meet the minumum threshold for each league (NFL 5, NBA 20, MLB 2). Any players with projections below those amounts will not be calculated or impact the team's performance in anyway.
Below are the maximum and minimum per game gains/losses:
NFL and NBA player's and teams maximum per game share quantity increase - 100%
NFL and NBA player's and teams maximum per game share quantity decrease - 90%
MLB player's maximum per game share quantity increase - 100%
MLB player's maximum per game share quantity decrease - 50%
MLB team's maximum per game share quantity increase - unlimited
MLB team's maximum per game share quantity decrease- 100% (only in the case of a perfect game)
If a player is injured during a game, the users share quantity owned will change according to the fantasy points they scored in the game prior to the injury. If a player is listed as injured before a game or is not playing in the game for any reason, that game will not affect the users share quantity owned.
SportsTrade trading doesn't end. Users are free to trade on the platform, on all players, all year round.
Users are free to withdraw funds from their account at any time. Withdrawals are paid through PayPal and will appear in the users account within 2-4 business days.
SportsTrade, LLC charges a one time 3.1% transaction fee, plus $.30, for all account deposits made, which covers the merchant service fees paid by SportsTrade, LLC. Withdrawals via check are free and withdrawals via PayPal are subject to PayPal's fees. lIn addition, user understands that SportsTrade, LLC charges a fee equal to 2.5% of the trade value on all share purchases and sales made.
SportsTrade falls under the category of daily fantasy sports. This is distinct from sports betting/gambling. Daily Fantasy Sports is permitted in all states except for Hawaii, Idaho, Louisiana, Montana, Nevada, and Washington.
Your money will be processed by Stripe and held by SportsTrade.com, LLC. Your account balance will be shown in your SportsTrade account at all times and you can withdraw the funds at anytime.
Yes. The purchase and sale milestones and their impact on player and team values are subject to change at SportsTrade's discretion. Any change or update made to the milestones and/or percentage changes will be posted under the Terms and Conditions. Any changes made will only impact trading that occurs from the date of the change forward.
Reach out to us at info@SportsTrade.com and we will get back to you as soon as possible.
Short term or "day trading" is the ideal strategy for profitting on the platform. The strategy of buying player shares for a long term hold is not ideal.
Fantasy Sports permitted in all states except for Arizona, Hawaii, Idaho, Louisiana, Montana, Nevada and Washington. Users in those states are prohibited from participating in SportsTrade or using the SportsTrade.com platform.
Player/team share quantities owned change based on one factor. The player's/team's performance in games, relative to their fantasy projections for that game. If a player/team beats their projected fantasy score, the quantity of shares in that player/team that the user owns will rise. If a player/team misses their projected fantasy score, the share quantity owned will fall.
Player/team share prices rise and fall based on "supply and demand". The more shares in a player/team that are purchased on the SportsTrade platform, the higher the player's/team's value rises The more shares that are sold, the lower the player's/team's share value goes. Specifically, for every $1000 in shares that are purchased on the platform, share values will increase by 1%. For every $1000 in shares that are sold on the platform, share values will decrease by 1%.
Team's share prices move the same way that individual player prices do. For every $1000 in team shares that are purchased on the platform, the share price increases by 1%. For every $1000 in team shares that are sold on the platform, the share price decreases by 1%.
Team share quantities owned change based on the cumulative performance of all offensive players on the team. Defensive players are not included in the calculations. If the total fantasy points scored by all offensive team members exceeds the cumulative fantasy points projected for those team members, the share quantity owned increases by the percentage difference. Likewise, If the total fantasy points scored by all offensive team members falls short of the cumulative fantasy points projected for those team members, the share quantity owned decreases by the percentage difference.