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Tradenet Capital Israeli

dev5.tradenet.co.us...
Category: Websites
Tradenet Capital Markets, Ltd. is an expert, dynamic company training private traders to trade independently in the American capital market in order to make a regular monthly income as an independent profession or in parallel to other employment. Tradenet does not believe in long-term investment, but in technical trading to generate daily income in the short term. Tradenet was founded by Meir Barak, a professional trader on the American stock market. Meir is known in Israel as a leading day trader and professional lecturer. During his years of activity at Tradenet, Meir has trained over one thousand independent traders. Meir is a technical - economic analyst for local newspapers, banks and financial entities in Israel and abroad.
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Displaying 31-34 of 34 Total Reviews
Kiss your $ Goodbye
Entertaining videos on YouTube. Mier Barak, founder/moderator, knows how to trade. Chatroom good. That's it. Do not pay for training or join prop team...you must double your account plus 2k before they will even consider profit sharing. Colmex is a cfd broker and takes the other side of the trade, especially on shorts. Thus, if you make $ they lose. So, if you have success they will seek to send you packing. For entertainment only. You want to trade via prop, then go with Cy Trading Group or somewhere else. Tradenet is definitely a bucket shop.

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Scottyflintstone Chico, Ca

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Bucket Shop
Tradnet accepts a deposit from traders for "education" then gives you an account to trade. They tell traders that they can receive payouts once a month if your $2000 in profit or more, but the don't tell you that you have to make the amount of your additional deposit + $2000+ $500 for their split (i.e. if you deposit $10,000, you cant make a withdrawal until you have made an additional $12,500 for a total of $22,500) and they push you to upgrade your account, in my opinion, they are trying to avoid making any payouts they can. They have a good chat room, but I would never advise any trader that makes their living off of trading to join their prop firm. And if you open an account directly with their broker (Colmex) and you make to much, they'll raise your commission rates up to .05/share. That means your going to pay $50 for 1000 shares.

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Good chat, Bad prop firm
Tradnet accepts a deposit from traders for "education" then gives you an account to trade. They tell traders that they can receive payouts once a month if your $2000 in profit or more, but the don't tell you that you have to make the amount of your additional deposit + $2000+ $500 for their split (i.e. if you deposit $10,000, you cant make a withdrawal until you have made an additional $12,500 for a total of $22,500) and they push you to upgrade your account, in my opinion, they are trying to avoid making any payouts they can. They have a good chat room, but I would never advise any trader that makes their living off of trading to join their prop firm. And if you open an account directly with their broker (Colmex) and you make to much, they'll raise your commission rates up to .05/share. That means your going to pay $50 for 1000 shares.

This review is the subjective opinion of an Investimonials.com member and not of Investimonials LLC.

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Starting point for beginners, not for serious traders.
Their live chatroom is fun, entertaining, and a good stepping stone to get your feet wet. Always do your own research of course, and don't rely on the calls made by the admins as your means of making money. The chat room is highly recommended for anyone starting out since it offers a new perspective on the market which is hard to find online. The people who run the room are personable and likable as well.

Their "prop" program is not a prop, it's an arcade. Know the difference. Also, once you put your money in, it's gone. You either make money or you lose it all. There's no option to remove any balance you have left. Over the course of a year, I witnessed 3 really great traders, who made great calls (symbol, entry, exit, etc) regularly. They all left the group shortly after being recognized by the participants of the room as star traders. One star trader in particular made better calls than the admins.

The colmex software which they use and recommend is probably the worst trading platform on the market. I haven't used them all, but I've been around the block. It crashes often (server disconnects, and other errors), and it cannot handle high volume IPOs such as BABA.

The platform trades CFDs and the main admin of the room, Meir Barak, is the president of the company behind the colmex platform, at the time of this writing. Do your research on how CFD brokers make their money. The most important thing to note is that, when you take a trade, you are taking a position against the broker. So if you have a green trade, the broker takes the loss.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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Good education for beginners
This review is for Tradenet.co.uk. They seem to operate under several other websites and brands. The owner is affiliated with Colmex Pro an offshore brokerage company based in Cyprus. This service is mostly geared towards the beginner trader with no experience. They mostly market to people outside of the U.S. and Israel. Americans can partake in the service but with some limitations. They have some of the best and most professional education out there on the market. You can ask questions at any time in the chat room and get a good response but customer support by email was lacking or slow.

They use an open mic chat room and even tell people clearly where they want to buy or short but their trading list is sometimes too long. They list too many symbols and lose focus at times. Unfortunately, the performance of the chat room is not perfect. I would put it about 50-50 despite all of the nice videos on Youtube and past claims of success. They always seem to be saying oh I'm green for the day when they were down heavy red in the morning. They also seem to trade CFDs rather than direct equities. The owner only trades in the power hour morning session and leaves for the whole day. The other host makes struggling calls in the afternoon and answers questions. I am suspicious if they are trading on demo only. If you look carefully at their account numbers on their platforms on video, it doesn't look real. There are no verified trades on Profit.ly either. They aggressively recruit for their Colmex trading service and put down all of the other regulated U.S. brokerages saying they are superior. U.S. citizens cannot open an account with Colmex directly since they are a foreign entity For U.S. citizens, Tradenet has come up with some innovative "prop trading" arrangement where they ask members for a "membership deposit" for their prop group. It's not a real and regulated U.S. prop firm and it is offshore so be forewarned.

Overall, the education is outstanding and worth every penny but the trading service is questionable. If Tradenet showed verified trades on Profit.ly and partnered with a regulated U.S. brokerage firm, things would be better.

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Displaying 31-34 of 34 Total Reviews
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