|
TradebetX is
an exchange that processes the matching of orders from
its customers. They ensure that trading profits and
losses are transferred between customers in a manner
that allows customers to close out positions by trading
with any other customer. The company do not enter into
trades on the exchange.
They make their money by taking a small
commission on matched bets. There is no charge for entering
an order; there is only a charge when you get a matched
bet, i.e. when you get "action".
TradebetX betting exchange has been modelled around
a futures exchange. Whenever you place a bet for a selection
to win you are actually buying a certain number of "contracts"
or shares of that selection, likewise when you bet against
a selection you are selling that selection. These contracts
are traded with a maximum value of $10 and for every
contract you buy or sell TradebetX charges a $0.04 fee.
When the contracts expire, i.e. your bet is settled,
a further $0.04 fee is applied.
To calculate your fees for any bet,
add your stake to the potential winnings to get the
total return and divide this by 10. This will give you
the number of contracts you are buying or selling. If
then multiply this by 0.04 you will get the trading
fees to be charged- multiply by 0.08 to get the total
fees.
You will always be informed of the
fees TradebetX charge which are associated with a particular
bet during the confirmation stage of placing a bet.
You can then deposit funds once
you have opened a TradebetX account. You may deposit
funds into a TradebetX account via bank transfer, check,
Neteller, FirePay, Prepaid ATM, or MasterCard and Visa.
For Credit cards your initial deposit limit is $250
until your account has been verified, minimum deposit
is $25. Complete details on each method of depositing
funds can be obtained in the Deposits section under
"My Account" section found on the TradebetX
website.
Start betting at TradebetX
You may start betting once your funds
have reached your TradebetX account. Funds deposited
by card clear almost immediately, while other methods
of transferring money take a little longer to clear.
Estimated clearing times are as follows: US check or
banker's draft drawn on a US bank , a minimum 5 working
days after receipt. Bank transfer - your bank may be
able to arrange same day, but 1 to 2 business days is
more normal. Prepaid ATM clears within approximately
30mins. FirePay and Neteller clear instantly.
Click
here to view the sports you can bet on with TradebetX
TradebetX
10B Park West Business Park
Beckett Way
Suite A
Dublin 12,
Ireland
http://www.tradebetx.com
|
