Not enough time to follow the markets yourself? Or would you prefer to back the instincts of another trader instead of choosing your markets? 

Bet on a successful trader rather than trade directly

The Back a Player bet feature allows you to trade the markets by backing existing traders who are using gnuTrade, instead of trading directly yourself.

The Top 10 players list shows you successful traders (based on weekly portfolio returns) who are available for backing, and information about their trading portfolio and performance. They may be trading with real or play money accounts, but you may back a play money trader with real money and still make a real money profit (or loss) based on their performance.

Choose your trading currency

If a portfolio you back rises, you receive 90% of the backing profits, and the backed player gets 10% (on top of the profit of their trade). If the portfolio you back falls, the percentage loss is removed from the backing bet amount. The backed player's account is not affected.

Example trade: 

Let's say Player A begins with a play money portfolio value of ğ10,000.

Player B doesn't have time to follow the markets personally, but likes the way Player A has been performing, so chooses to 'back' Player A's trading portfolio with ğ100.

After a few days, Player A trades well and his play money portfolio goes up in value to ğ12,000 (a 20% gain). Both players will make money when player B closes the backing bet.

The total proportion adjusted trading profit is ğ20 (20% of the ğ100 backing money).

Player A, the backed player, receives ğ2 (10% of ğ20)

Player B, the backer, receives ğ18 profit (90% of ğ20) and the original bet amount of ğ100.

(Please note: the symbol ğ represents the 'gnu' – our virtual play money currency. The example equally applies to real money transactions using £, € or $ currencies).

For more information on the minimum and maximum backing amounts, payout calculations and maximum returns, take a look at the gnuTrade Rules and Trading guide.

Learn how to place a Back a Player bet using the gnuTrade Trading Screen >>

Learn about Per Point Trading >>

Learn about Basic Bets >>