A Deposit Bonus, Match Day Changes & The Cancellation of the Euro 2020 Championships.
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This update is a really big one. It's not a positive update in many ways, but it's a natural disaster which Football Index cannot avoid. Gambling aside, this is a huge problem which is effecting the entire world.
Every business is affected, with the FTSE being the best comparison. The FTSE has dropped over 30% since the Corona Virus started disrupting the world. Fortunatelty, I've only lost 4% currently.
In this post, we will be detailing exactly what this update entails, what it changes & how we can all work together helping Football Index to succeed.
What is the COVID-19 Update on Football Index?
COVID-19 is affecting the whole world, with many organisations having to close down temporarily. Football is also affected by this, with all Football postponed. This causes issues at Football Index, as they pay out Match Day Performance Dividends.
Now that Football has been cancelled temporarily, Football Index have released an update confirming their stance moving forward.
All dividends from 10th March 2020, up until April 3rd 2020, would be doubled.
Dividends that are earnt will be paid out as normal, with a secondary payment appearing later that day to double the total dividends received.
In addition to this, there was a £1,500 Trading Bonus announced. 8.25% of your net buys between 10/03/2020 and 23/04/2020 will be put straight back into your account as cash.
This has been a good response by Football Index, although it will be a tricky situation for most traders. I wouldn't be too surprised to see 80% or more traders currently at a loss since COVID-19 started to impact the UK.
There's one thing we know about Football Index though. They change the game. They've increased their communications with their customers and we can expect them to protect us going forward.
To protect traders Portfolios, the spread has been widened in order to protect traders from any instant-selling. This stabilises the platform and will stop most panic selling. Remember, you can still use the sell queue.
This is part of Football Index T&Cs. They would actually make a lot more money if they didn't adjust the spreads, as most traders would be generating commission from instant-selling.
Any article which contains information specifically about a player with COVID-19 will be manually removed. This is due to the randomness of the article. (If a random player caught COVID-19, there would be a greater chance of him winning Media Buzz).
Yes, using market sell you can sell for the same price that you can currently buy the player. The player may be in the queue a little longer, but it will earn you a much better price.
We are waiting on the official announcement regarding In Play Dividends. We are led to believe that the update on 24th March 2020 will advise us on this, so stay tuned!
There's a lot of traders which are depositing money into Football Index during this panic. Remember, during this time some traders will have cashed out their portfolio, as they are worried about the economy etc.
As Warren Buffett once said "Be Fearful when others are greedy, Be Greedy when others are fearful".
We have some great content on-site and you can take a look at the Football Index Review here
If you're ready to start, consider Signing Up with the Football Index Referral Code, to maximise your starting bonus.