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
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Tradenet
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14 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.

  4. They marketed me out of all positions at inaccurate rates intentionally blowing my account. They said it was not there fault cause they control Tefs (risk assessment company). Never even came close to max loss and they pull a move like this. STAY AWAY UNLESS YOU WANT TO LOSE YOUR MONEY.

    1. They are a fing SCAM stay way. The loss margins are tight. They loss amounts are inaccurate. They see what you bid on. I have never made money on this except in the paper trading account were I made 2 thousand easily. When I went live I would always lose. The slippage is strange as well. For those making money I applaud you, but I will stick to making money in my TD Ameritrade account or other respected broker. You’ve been warned.

  5. So let me get this straight , you expect this company to make money for you. I would like any of you cry babies to show me any other site out there that offers any thing like trade net… the experience alone is invaluable if you stick with it.. If day trading was as simple as sending a few bucks to a teacher everyone would be doing it. Meir warns everyone about the risks,, and if you follow along in his chat room, you will notice their is no way it is fake… trading is a business and like any business it takes commitment. Tradenet is just the first step.

    1. These sales/mentor scammers made a lot of promises they couldn’t keep. I was told that I wouldn’t need to be in chat rooms, and they would show me how to setup a portfolio and pick stocks not in chat rooms, but they kept asking for more money, and supposedly i had the top program for $9k I paid, and they still said I had to pay another $12k. These mentor calls were just a bunch of scammers begging for more money.

      1. I’ve noticed on a few places when I have been able to speak out on this terrible program there are a few defenders that seem to resort to this sort name calling – ‘cry baby’, and various other things like ‘i don’t know what your problem is’, ‘your just lazy’, and ‘you don’t work hard enough’, and this is the sort of community type of so called ‘wonderful’ people I was told I would be working with. Just a bunch of people bragging about how much money they were making, and acting self righteous to others that may be struggling, possibly trying to find help, and just getting a bunch of low life attitudes as a poor substitute for help. Not much help comes from bragging and boasting. I just think this is the saddest part of this program. They take your money, and then try to humiliate you. This so called community is very ugly and mean spirited.

  6. I completed the 5 day free challenge.The goal was to make 500 – comm etc.I achieved the goal.2 days later the numbers changed and they said great job but you were off by 41.00.lollBut you could still purchase one of our packages. SCAM STAY AWAY

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