WARNING, Tradenet is an ILLEGAL program – review

Tradenet official webIn this review you will learn why you should not buy anything from Tradenet.

Tradenet is supposed to be an educational program that teaches people how to trade financial markets. You allegedly can learn how to make money in trading stocks, CFDs, options, futures and Forex.

The team is lead by Meir Barak, who allegedly is a professional trader. Currently there are four online trading courses that cost between $500 and $9,000. You allegedly can even get a funded trading account so that you don’t risk your own money. Really?

Stay away from Tradenet

The first thing is that you should always be very skeptical when somebody promises you free money. Imagine that you are a professional trader that has a profitable strategy. Will you be begging people to buy your strategy and offering them free money to trade? Of course not!

Illegal operation

Online coursesAnother big red flag is that Tradenet is anonymous and not regulated. Yes, they show some faces, but they don’t provide any address nor regulatory information.

The thing is, Tradenet is educating people on how to trade financial markets. This is pure investment advice, which is a regulated activity.

Because Tradenet is providing support in the US, Canada and UK, it clearly is active on these heavily regulated markets.

Illegal companySo, it needs licences from regulators of the these markets (CFTC, FCA…). But it clearly has no licence whatsoever, which means that it is operating illegally!

Think what you want, but regulation of financial markets is crucial, because it is about your money. Regulators are here to oversee that all the promises are fulfilled, that you won’t lose your money. So, if Tradenet is anonymous and not regulated, they obviously have something to hide.

Fake reviews

You might find a lot of positive reviews of Tradenet on the internet, but we went through some of them and they all were fake. They were made by people who promote Tradenet with affiliate links, which means they get paid for referring new clients to Tradenet.

So, be very careful when judging what Tradenet is really about.

Conclusion

Tradenet is an illegal educational program with a lot of fake reviews, we recommend staying away from it!

We don’t believe that somebody can make you a profitable trader for just a few hundred bucks. The key to success in trading is your own learning, no ready-made system will save you. You can try everything on a free demo with a regulated broker to see how it works.

Don’t trade with real money until you are sure about what you are doing and understand all the risks.

Summary
Review Date
Reviewed Item
Tradenet
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4 thoughts on “WARNING, Tradenet is an ILLEGAL program – review

  1. Not only is the advice illegal, but so are the CFD financial instrument which they offer is illegal in the USA

  2. I dont understand what the fuzz is all about.

    I Have one of their programs and I enjoy it very much especially the chat room .

    Im kind of average at trading but im learning and this is more imprtant.

  3. This article is interesting. I paid for the top $9000 program which I believe is a scam. They wanted even more money after I paid $9000, another $12000, and these mentors are pathetic. They claimed they would show me profits in 1st couple of months, and they showed me 10 losing trades in a row. I was doing better with the demo with my own ideas. It is almost a year later, and this training has yielded nothing but loses and wasted time.

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