A financial technology firm wants Canadians to put forth their best and boldest trading strategies in an effort to out-perform all peers for prizes.
But while the cash for winners may be real, investors won’t have to actually risk everything in order for a chance at victory.
Webull Corporation’s Canadian subsidiary this week launched The Bull Run Challenge.
Webull’s second paper trading competition in Canada, the five-week Bull Run Challenge across November and December grants Canadian traders the opportunity to test their strategies using virtual funds with $50,000 in total prizes up for grabs—no risk, all reward.
Participants start with $100,000 in virtual funds and have access to stocks and ETFs through Webull Canada’s paper trading simulator.
The competition will award $25,000 to the first-place winner, $15,000 to second place, and $5,000 to third (based on percentage gains), alongside five weekly prizes of $1,000 for the top weekly performer, according to a statement from the firm.
The Challenge gives traders and investors the opportunity to learn and practice under real market conditions in a risk-free environment, explains WeBull Canada chief executive officer Michael Constantino.
“The Bull Run Challenge allows participants to put their strategies to the test, explore our platform, and compete against other investors without putting their own capital at risk,” he says.
“Informed investors make for a stronger investing community,” Constantino believes.
“Whether you’re an experienced trader or just getting started, this competition offers a practical way to learn and engage with the markets,” he stated.
In the Canadian market since 2024, Webull serves more than 28 million registered users globally.
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