Note: SparkProfit and TIQL are no longer in business so I would say this article does not make any sense.
Internet is a kind of endless thing. There are always more opportunities than one can think of. I never ever had an idea that I could make money by just predicting the market. Yes, Spark Profit makes it possible to invest virtual money (that you don’t have in real) to earn points and then real cash from those points. It needs little or no skill to get started here. The main objective of Spark Profit is to make predictions to earn points and further when you have enough points , they are converted into cash at the end of each week.
Here is everything you need to know about SparkProfit –
What is Spark Profit ?
NOUS Global Market , a London based company keeps building interesting products for financial marketers and Spark Profit is one of such product. Spark Profit enable people from all around the world to access to global markets and recognize their talents. Spark Profit has awarded $253,927.03 since May, 2013.
How Spark Profit works?
After joining Spark Profit , all you have to do is to predict the movement of different currencies. For every accurate prediction you get points and similarly you lose points for every wrong shot. After prediction , your points go up or down when the prices changes. Don’t think you have to play with numbers or some mathematical calculations , Spark Profit provides a great graphical user interface. Its very easy to navigate through the whole stuff.
How can you Make Money at Spark Profit?
There are two ways to make money at Spark Profit – Predict Accurately or invite a lot of friends. The good thing is that you can do both simultaneously. Each accurate prediction earns you some points and each wrong guess results in losing some points. At the end of the each week , all predictions are combined together to checkout how much points you gained or lost. If you gain more points than weekly threshold (currently 20000 points) at the end of week, you earn some money. More the points , more the money you earn.
Spark Profit reduces a same small percentage of everyone’s total score once prizes are paid so that newbie can get a chance to catch up by predicting well. Don’t worry , you still will be able to carry over 95% of your total score to the next week. Other way to earn points is to invite a lot of friends as you will be getting 20% of your invitation’s income as a bonus forever.
How to Use Spark Profit?
Spark Profit is extremely easy to use as it got very user friendly interface. You can also download their mobile app(available for both android and iOS devices) to get started. Here are few simple steps to understand spark Profit better-
- Join Spark Profit. You will be asked to enter your email address and other details. Select your currency. A quick tutorial is always there to learn more.
- Click on the “Play” and start predicting the price. A graph will be opened. You can zoom in or out by scrolling to look closely at the patterns. Wavy blue line shows how the prices has been moved in the past. You have to guess whether the price will go up or down. On the right hand side of the screen you will see “click here to play”.
- Click on the right side of the screen to make a prediction. If price goes according to your prediction you will get points otherwise you will lose points. If you stop a game in between, you will get the points which you have collected so far. You can also make amendments to your predictions. I mean you can change the target price and stop price just like we do in real trading.
- Thus , you have to collect points as much as possible. The points will keep converting in cash at the end of every week. Once you have enough money, you can withdraw using one of withdrawal service.
How points are converted into cash ?
As I have already said , more the points one have , more the money he earns. For examples , if one scores 1,950,000 points, he will earn $15.89 weekly. Similarly who scores 20000 points earns $0.01 weekly. See the picture below to get an idea –
How to Withdraw your Money from Spark Profit?
You can use any of these 3 ways to redeem your earning at Spark Profit –
You need a minimum balance of $30 to apply for withdrawal. Once you have sent withdrawal request, it may take a week to receive the money. Two Spark Profit accounts can’t use same Paypal email address to redeem and there may be some transfer fee according to service you use to withdraw your money from Spark Profit.
Note : I am not sure if they are still paying. Join at your own risk.