Horizons ETFs Management (Canada) Inc. and National Bank Direct Brokerage (NBDB) Monday announced the launch of the fifth edition of our Biggest Winner Trading Competition, a simulated exchange traded fund (ETF) investment contest that provides Canadian investors with the opportunity to learn about trading in a risk-free environment while competing for cash prizes.
Eligible registrants can open a fantasy brokerage account, which begins with a balance of $100,000 notional Canadian dollars. Registrants can then use these fantasy funds to make simulated purchases and sales of any combination of ETFs listed on the Toronto Stock Exchange (TSX).
“The Biggest Winner is our most popular educational initiative. In previous years, the competition was limited to our family of ETFs, but this year it includes all ETFs that are listed on the TSX,” says Howard Atkinson, president of Horizons.
“The primary goal of the Biggest Winner is to create a fun and competitive atmosphere where Canadians can hone their ETF investing skills in a risk-free environment, and by adding the ability to invest in any Canadian ETF, it creates an even more real-life investing environment.”
The competition is running for six weeks and started today at 9:30 ET. There will be a grand prize of $7,500 for the competitor with the highest six-week cumulative return. The runner-up will be awarded $2,500; in addition, six weekly prizes of $500 will be awarded to each of the best single week returns.
Nearly 5,000 Canadians participated in the previous four competitions. NBDB will once again be the exclusive sponsor of this year’s competition.
The competiion is free-to-enter with no purchase necessary. To register, or to read the full contest rules and details, as well as ETF educational materials, visit The Biggest Winner website.