In my Wealthbase review I will discover how players create games on the Wealthbase app to trade stocks and learn how to trade. The downside is you invest to win never! I will look at the app, how them games work and what fees are charged to play on the apps.
Wealthbase is a simulation do it’s market is beginners rather than companies or anyone interested in apps that can help to make a return.
Read my review to see if the Wealthbase app is the right trading platform for you.
What is Wealthbase?
Wealthbase has been designed, developed, and is operated by Starburst Labs, Inc. Wealthbase is a simulated trading app in which users can play games with friends. Utilizing $100,00 in virtual cash, players create their own portfolio and track their progress on a leaderboard.
To better simulate real-world investing in the great app, users can only invest up to 20% of their virtual cash portfolio in a single investment.
The first feature in Wealthbase, simulated investing, lets people compete with friends in virtual stock market trading games while learning investing strategies and discovering new investments.
Wealthbase works with a number of different data providers and uses U.S. equity prices using Nasdaq to power the platform in real-time.
- Free to play and affordable to host games
- Opportunity to win prizes
- Players can educate themselves, share ideas about trading, and create their own portfolio
- Simulated trading game uses simulated money, no actual gains or losses
- Limited services and tools offered
Why Use Wealthbase
Wealthbase’s fantasy trading app provides great user interface and access to fun, free educational resources and data.
Wealthbase can be a great way for individuals to learn about personal finance and how to make financial decisions in their life based on market and investing performance. Users can share ideas and investment rationales and learn about advanced trading strategies while discovering new investments and tracking investing performance.
Traders can access stocks, ETFs, and crypto and trade them openly for free. The great app runs very smoothly, with no delays to load or hiccups. There are no financial products or ‘real’ products within this game, it is purely for educational and fun only so you can’t lose any actual money on this app.
It will give users an idea on how to manage accounts and performance of stocks, ETFs and how to trade stocks within an app
There are 3 distinct simulated trading game contest levels for users to choose from if they wish to host the game. Each level has differences in the amount of players allowed and other features.
Once your game is created, you can then invite other players to join the game via email or Wealthbase’s username. Your invitees will receive an email with a link to join your game. Friends-mode games are currently limited each game to 5 players and each user can host up to three games at one time.
This level is usually just for fun, allowing up to 5 players. The game will last up to 15 days, with real-time simulated trading and asset class selection. The Friends Game is ad supported.
This game level is made for trading in groups, and comes with more available features than the Friends Game offers. Schools, company contests, and investing clubs will suit this level the most. The Club Game supports up to 1,000 players, and lasts up to 1 year. Some of the features include a custom game title, game admin controls, real-time simulated trading and asset class selection. The Club Game is ad free.
The Public Game level is created for brands and influencers to reach a new audience. The Public Game allows up to 30,000 players, and lasts up to 1 year. Some of the features of the Public Game include a custom game title, social sharing and inviting, awards and prizes, game admin controls, real-time simulated trading, and asset class selection.
Hosts can display their logos and branding, and can put their ads in the game. The game will be featured on wealthbase.com.
Wealthbase is free to play. However, there are some some fees which depend on which level players wish to host.
Friends Game Fees
The Friends Game is completely free to host, but is ad supported to cover costs.
The Club Game Fees
The Club Game requires hosts to pay a $20 game fee, plus an additional $0.05 per player per day.
Public Game Fees
Hosts will need to get a quote for costs if they wish to open a Public Game, due to the amount of players and features the game supports.
What is Wealthbase?
Wealthbase is an investment product and simulated trading app to help consumers learn how to invest and build wealth.
How do I create a Wealthbase game?
To create a game, click on “New Game” on the Wealthbase dashboard. Choose a title and a game page background image (optional) for your game. Then, select the asset class in which would like to invest, the game duration, and click “Create Game”.