Trading & Contracts
This page helps you to find your questions and answers about the Trading and Contracts on the apps.
The transaction fee for TradeX is 1% of the Trading Volume.
You can check the status of your bid on an event under the portfolio section. On clicking the portfolio tab, you can see the list of Events you have placed bids on. Here you can check the status of the bid as well.
TradeX is a game of Skill. If you think you have adequate knowledge and can predict the outcome of a particular event, then just go ahead and place your bid. You can match an existing open bid or place a new reasonable bid for yourself.
No, you can only bid once on a particular event currently. Therefore, placing a Yes and No bid at the same time on the same event is not possible right now.
The last successfully matched bid prices of Yes and No are displayed on the front page of the event.
Bid once placed on a particular event cannot be canceled.
No, you can't place more orders than the funds you have in your wallet. In case of lack of adequate funds, you can surely recharge your wallet and enjoy bidding again.
The event outcome is decided by the 'outcome source' mentioned under each question
Outcome source decides the event outcome
We don't provide leverage for placing the bids currently. We will inform the users about the same when that changes
You need to read through the various news and latest happenings around the question asked. You can use the related news tab also for the same. And yes, the more bids you place, the higher the chances of earning more money in TradeX app.
In that case, the amount will be refunded back in your account
Every time you share the referral code with someone and that person joins the app, you earn 50 coins. Share more to earn more.
You will get the referral bonus once the person whom you have referred joins the app and places a bid. Every time you share the referral code, do ask the person to place a bid for you to earn your bonus.
TDS Deduction on the Winning?
As per law, tax deduction at source (TDS) may be applicable on your winnings. The following illustrations explain how TDS will be determined for each event and transaction.TDS is currently applicable at the rate of 30% on winning above r 10,000 and the rate of TDS and/or the exemption limit are subject to changes from time to time as required by law.
Applicability of TDS in the event
- 1.In Case of Settlement of Event- We consider one settlement as one transaction in our system, where in case of profit from event settlement is more than 10000/- , 30% TDS will be deducted.
For Example, You buy 10 contracts at Rs 20/-, than 20 contracts at Rs 30/-and than 100 contracts at Rs 25 and than sold 5 contracts at Rs 50/- In this Case contracts owned before settlement are 125 after selling. If the event settles at Yes and profit which is settled amount - investment is more than Rs 10000/- than in that case, 30% TDS will be deducted
2. Buy and Selling Contracts at profit.
If the Selling amount of X no. of Shares - Buying amount of same X no. of shares, in a single transaction generates more than Rs 10000/- of profit, than TDS will be applicable in the profit as well.