Tradenet Review 2024
Tradenet is an online day trading course provider with headquarters in Limassol, Cyprus and clients across the world. The firm offers four day trading education packages, each made up of stand-alone components and catering for different levels of experience. This 2024 Tradenet review will explore the courses and features on offer, including fees, funded accounts, content and customer service.
What Is Tradenet?
Founded in 2004 by Meir Barak, Tradenet (Tradenet Capital Markets Ltd.) is an online day trading academy and educational centre. The firm was founded in Israel and is registered in Cyprus as F.S. Tradenet CY Ltd. and in the UK as Tradenet Global UK.
The firm offers four training packages, each made up of a combination of nine stand-alone courses as well as other services. Once users have completed their chosen education course, they are given the opportunity to apply for a funded account.
Tradenet Courses
Tradenet offers four training course packages: Intro, Student, Expert and Professional, all of which are geared to trading the US equities market. Each package is made up of a combination of individual courses and services and gives access to a different level of funded account.
Each course is also priced individually but the best value is to be found in the educational packages. Let us look at a breakdown of each of these courses:
Self-Study Course – Priced individually at $290, the Self-Study Course is the core component of all Tradenet’s educational packages. It is designed for beginner traders and covers all the basic principles of day trading. It is available 24 hours a day, seven days a week for 12 months after purchase. This course contains several learning units, training videos, interactive practise sessions, presentations and interactive tests, as well as other supplementary materials.
Trading During A Crisis Course – This course, priced at $1,900, is designed to teach traders how to take advantage of market crashes and periods of high volatility. It includes lessons on preparing for a crisis, unique trading strategies and the Cboe Volatility Index (VIX), also known as the Fear Index.
Star Trader Course – The Star Trader Course, which is available for three months after purchase, is also priced at $1,900. It contains 15 one-hour lessons, which include live sessions, webinars and pre-recorded materials. It is aimed at junior-level traders looking to improve their skills and covers subjects like Japanese candlesticks, reversal patterns and exchange-traded funds (ETFs).
Advanced Strategies Course – This course is designed to follow the Star Trader Course and contains a more detailed analysis of advanced intraday trading patterns, day trading strategies and risk-reward management. Similarly to the previous two courses, it is priced at $1,900 and available for three months after purchase. The Advanced Strategies Course is made up of nine hours of live and pre-recorded content.
Case Study Course – Also priced at $1,900, the Case Study Course is made up of three in-depth online sessions over nine hours. This is a hands-on, interactive course that requires participation from the class. 20 important cases are broken down and analysed. Each study is followed by a Q&A session.
Global Markets Course – This course is aimed at moderately experienced traders that intend to become trading international markets, such as commodities and EU stocks, professionally. The Global Markets course is made up of three three-hour log sessions and contains daily report archives. This course costs $1,900.
IPO Trading Course – The IPO Trading Course is one of the more advanced courses and is aimed at experienced day traders. It also costs $1,900 and deals with sophisticated strategies for trading initial public offerings, such as the lock-up period and how to track upcoming IPOs.
Risk Management Course – This course is aimed at stock traders of all levels and is designed to improve your profit-loss ratio. It costs $1,900 and equips you with the tools to successfully manage risk.
Top Trader Course – This course was developed by experienced Wall Street investors and is aimed at graduates of the Start Trader Course. It costs $1,900 and is made up of three in-depth online sessions over nine hours. The Top Trader Course includes lessons on game theory, pivot points, technical amplifiers and more.
Tradenet Services
These courses can be combined with several services offered by Tradenet to enrich your learning experience. Let us have a look at each of these services:
The Market Whisperer Book – This trading manual, written by founder Meir Barak, is a key component of every Tradenet education package. Priced individually at $18, this book has no expiry and is available for you to keep after purchase.
Demo Training Account –This account simulates the markets in real-time and allows you to test your skills under genuine market conditions. By entering the Day Trading Challenge, the Demo Trading Account can also allow you to earn free education packages and fast-track your way to a funded account.
Live Trading Chat Room – A subscription to the chat room, which is live 09:00 – 16:30 (EST) Monday to Friday, is included in each education package for a different length of time. Tradenet analysts like Meir Barak and Scott Malatesta trade on a live stream every weekday. It is available to watch for free on YouTube but paid subscribers can pose questions, get real-time advice and mirror the analysts’ trades. A 14-day free trial is available, after which you will be billed $99 every month. A one-year membership is available for $990, which is a 45% saving and also comes with the Self-study Course.
Weekly Mentorship Programme – The Tradenet Mentorship Programme is made up of four weekly sessions and costs $1,200. It is aimed at traders of all levels and will provide you with tailored advice and support. This course is made up of a combination of online classes and private one-on-one sessions.
One-On-One Session – For $500, Tradenet will provide you with a dedicated one on one session. This lasts one hour and is available in English, Dutch, Spanish and Russian. Tradenet experts like Kevin Timmer and Agnes Lafleur will provide you with tailored analysis of your trading week, help you identify your weak spots and prepare for your next trading week.
Personal Coaching – This 10-hour programme costs $5,000 and is designed to help you pinpoint your trading strengths and weaknesses whilst creating a tailored plan to improve your skills. This service covers everything from optimising your trading setup to overcoming psychological barriers in your techniques.
Note, the one-on-one session and Personal Coaching service are not included in any package and must be purchased individually.
Tradenet Packages
We have now had a detailed look at all the courses and services provided by Tradenet, so let us see how they are combined in the different educational packages:
Intro
The Intro Package is designed for beginners and costs $500. This package includes all the materials needed to get started trading. The total value of all materials provided is $707, which means a saving of $207. These materials include:
- Access to the Live Trading Chat Room (one month access)
- Access to the Demo Training Account (14 days access)
- The Self-Study Course (12 months access)
- A copy of The Market Whisperer
Purchasing the Intro Package makes you eligible to apply for a $14,000 Tradenet funded account. If your application is successful, you will keep 70% of all earnings if you stay within a maximum drawdown (loss) of $700.
Student
The Student Package is priced at $3,000. The total value of the materials in this package is $4,605, which means a saving of $1,605. These materials include:
- Weekly Mentorship Sessions (one month access, four sessions)
- Access to Live Trading Chat Room (three months access)
- Access to the Demo Training Account (14 days access)
- The Self-Study Course (12 months access)
- Star Trader Course (three months access)
- A copy of The Market Whisperer
- Advanced Strategies Course
- Case Studies Course
If you purchase the Student Package, you will be eligible to apply for an $80,000 funded account. This account has a maximum drawdown of $4,000 and you will keep 75% of the net profits.
Expert
The Expert Package will set you back $6,000. The total value of the materials provided in this package is $7,702, which translates to a saving of $1,702. These materials include:
- Weekly Mentorship Sessions (two months access, eight sessions)
- Access to Live Trading Chat Room (six months access)
- Access to the Demo Training Account (14 days access)
- Global Markets Course (three months access)
- The Self-Study Course (12 months access)
- Star Trader Course (three months access)
- A copy of The Market Whisperer
- Advanced Strategies Course
- Case Studies Course
Purchase of the Expert Package gives eligibility for a $160,000 funded account. This account has a maximum drawdown of $8,000 and you keep 80% of your winnings.
Professional
This is the most advanced package available and costs $9,000. It gives full access to all materials available at Tradenet at a total value of $11,100. This equates to a saving of $2,100. Materials included in this package are:
- Weekly Mentorship Sessions (Three months access, 12 sessions)
- Access to Live Trading Chat Room (Eight months access)
- Access to the Demo Training Account (14 days access)
- Global Markets Course (Three months access)
- Star Trader Course (Three months access)
- The Self-Study Course (12 months access)
- Top Trader Course (Six months access)
- A copy of The Market Whisperer
- Advanced Strategies Course
- Case Studies Course
The Professional Package allows you to apply for a $240,000 funded account. This account comes with a maximum drawdown of $12,000 and you keep 85% of earnings.
Each account comes with a 14-day money-back guarantee. This refund is only available for students that fail to be accepted for funded accounts. US customers are not eligible for funded accounts and Tradenet no longer accepts US customers. New clients are eligible for a discount of up to 20% on each Tradenet package.
Crypto Packages
Tradenet also offers a range of packages concentrating on cryptocurrency trading. The crypto packages contain the same courses and services as the equities packages with the information provided geared solely at cryptocurrency trading. These packages are priced as follows:
- Intro Crypto – $500
- Student Crypto – $3,000
- Expert Crypto – $6,000
- Pro Crypto – $9,000
Tradenet Challenges & Competitions
Tradenet advertises a five-day trading tournament through which successful applicants can win a free Intro Package. To apply for this challenge, your details and trading experience will need to be verified by a member of the Tradenet team.
Successful completion of the Tradenet challenge nets you a $10,000 simulated demo trading account. To complete the challenge, you will need to trade on at least three of the five trading days and make a net profit of $100 or higher on at least two of these days. The rules state that you can trade between 6 and 20 tickets each day and positions cannot be held overnight. If you can reach $500 or more in profit by the end of the five days, you will win the challenge. The maximum drawdown for this challenge is $300.
WSDT (World Series Day Trading) is a day trading competition hosted twice per year. The prizes include free access to the Pro Package, a $240,000 funded account and Tradenet vouchers worth up to $6,000. The Fall 2021 winners included two members of the team Yogi.
If you take part in the WSDT competition and are unsuccessful, Tradenet will offer you a discount on a new training package or on an upgrade of your current package to help ensure you will be successful next time.
Advantages Of Tradenet
- Lucrative trading tournaments
- Community discussion and chat rooms
- Dedicated mentors and one-on-one sessions
- Eligibility for funded accounts up to $240,000
- Comprehensive education offerings for equity and crypto markets
Drawbacks Of Tradenet
- Hefty price tag when many brokers offer similar educational resources for free
- Percentages of winnings kept and drawdown limits not competitive
- Some courses and services are only available for a limited time
Customer Support
You can get in touch with Tradenet using the email address or hotline phone numbers found on the company’s website. The contact details are as follows:
- Email: info@tradenet.com
- Phone Hotlines: +1-888-392-8424 / +44-808-1110175 / +1-844-760-8831
The Tradenet portal also has a live chat feature. However, this chat is operated solely by a chatbot named Mary, who will advise you to enter your email address or phone number so that a representative can get in touch with you.
The firm is also active across social media sites, such as Facebook, Twitter and YouTube. There are also several customer reviews and discussions on forums like TrustPilot and Reddit if you want to hear what existing clients have to say and keep up to date with company news.
How To Sign Up/Register
There is no online registration process or login on the Tradenet website. Customers simply acquire their chosen course or package through a checkout. Once purchased, students will receive the relevant materials and means to connect to the included services via email.
Once you have completed your chosen course, you will be eligible to make an application for a funded account. Note, completing the course does not guarantee access to a funded account.
Tradenet Verdict
Tradenet offers a detailed and comprehensive range of educational courses and services. The mentorship, live chat and one-to-one sessions will appeal to any prospective traders looking for that personal touch in the education they pay for. However, given that many trading resources are available for free online, some traders may baulk at the pricing structure of the courses.
FAQs
What Is Tradenet?
Tradenet is an educational course provider founded by day trader Meir Barak in 2004. It offers a range of educational courses and services aimed at traders of all levels.
Is Tradenet Regulated?
Tradenet is registered in Cyprus as F.S. Tradenet CY Ltd. and in the UK as Tradenet Global UK. It is not a broker and does not provide financial services other than educational materials. Therefore, it does not need to be regulated by regulatory authorities, such as the FCA. Its educational materials are unlicensed.
What Markets Does Tradenet Teach About?
Tradenet offers two main programmes, an equities programme that deals mainly with US stocks and a cryptocurrency programme. The equities programme also contains a course called Global Markets, which deals with commodities and European stocks. The website states that the firm offers courses involving CFDs, options, futures and foreign exchange, though this review found no evidence of such materials.
How Do I Withdraw Money From Tradenet?
Withdrawal from Tradenet is not possible as you do not have to deposit funds. The company is not a stockbroker like ColmesxPro but offers educational services that are paid for up-front through a checkout portal on the website. Billing for these services occurs immediately.
How Much Does Tadenet Cost?
Tradenet offers four main packages for equities and crypto. The Intro packages cost $500; the Student packages cost $3,000; the Expert packages cost $6,000 and the Pro packages cost $9,000. The more expensive the course, the higher the buying power of the funded account you can apply for. Every course and service included in these packages is also available individually and various discounts and deals, such as a Black Friday Sale, may be applicable.
Who Is Tradenet Best For?
Tradenet aims to cater to traders of all levels; from absolute beginners to seasoned investors. However, the cost of these courses will exclude any student unable to afford them. There are some alternatives with much lower fees, though these may be less comprehensive.
Does Tradenet Offer Funded Accounts?
At the end of each course, Tradenet allows students to apply for funded accounts. However, the firm is not itself a broker system and the funded accounts are provided by a third-party trading platform called TEF Securities (TEFS). Completion of the Tradenet courses does not guarantee a funded account.
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| Tradenet is a day trading academy that caters to new and experienced equities and crypto traders. The platform boasts a wide range of comprehensive courses, package deals, competitive features and funded accounts. | ||