Singapore-based mobile virtual stock market game TradeHero is now finally available for download on Google Play, which would no doubt help boost its user numbers considerably, given that a large part of the world uses Android devices.
TradeHero has a similar concept to Fantasy Football – you get to trade on its virtual platform with a $100,000 starting portfolio, and the market moves according to whatever is happening in real life. Users are then ranked on a leaderboard based on a basket of metrics, including how much profit they have raked if the trade had been conducted in reality.
It’s a free-to-use app, but to subscribe to another user’s trade feed — likely because you may want to replicate the trading in real life to rake in some profit — requires a fee starting from $1.99. Part of this fee then goes to the “leader” user, acting as an incentive to trade seriously on the platform.
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The app has reached the number one position in the Apple App Store’s finance category in 75 countries since its launch about a year ago, and has acquired 350,000 registered users so far. It says its average user growth rate month on month was about 85 percent in 2013 — with the Android launch, this is set to increase.
➤ TradeHero: iOS | Google Play
Thumbnail image via Shutterstock
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