Religare Securities Ltd (RSL), a retail broking arm of Religare Enterprises (REL) today said it has partnered with Singapore-based financial technology firm TrakInvest to launch a cutting-edge virtual stock trading platform for its users.
The new social stock market platform, trakinvest.com, allows investors in India to trade risk-free using virtual money, helping them improve their skills and knowledge while earning prizes and even jobs. With this confidence, they can then trade with real money via RSL's online trading platform, a statement issued here said.
"TrakInvest is more than game. It's a holistic trading platform. With TrakInvest, users can learn from other traders and even copy their trading activity, download 12,000 free research reports that are updated every week, and take part in competitions where they can win great prizes including finance jobs and internships.
"We're making it possible for anyone to become a successful and a more informed investor," TrakInvest Founder & CEO Bobby Bhatia said.
Each new TrakInvest user starts with Rs 50 lakh of virtual cash to build their winning portfolio. Users are also provided with contextualised stock news and twitter feeds, as well as detailed research reports and stock analytics tools.