Tradenet Review 2019
Move over amateurs and welcome to the big time. Meir Barak wants to eat your lunch.
Most day trading services tend to keep it small and simple. Not Tradenet.
With a plethora of trading programs, self-study courses, on-site coaching and interactive chatrooms, this investment advisory service has something for everyone.
But is it all glitz and no glory?
In this Tradenet review, we’ll separate fact from fiction. We’ll take you through the offering and let you know if Tradenet sets the standard, or just pretends to.
What is Tradenet?
Tradenet is your go-to source for all-things-trading. Founded in 2004 by Meir Barak, the site has helped over 16,000 students achieve success trading in financial markets.
From training programs, to self-study courses, to chatrooms and live on-site tutelage - Tradenet has become one of the largest and most recognized service providers out there.
The team aims to teach profitable trading strategies, technical analysis, market reversal points, market psychology, risk management and how to choose the right Tradenet broker.
Meir Barak – author of The Market Whisperer – serves as the company’s’ chief trader. Scott Malatesta VP, Analyst and Mentor, helps produce high quality content, account management skills and enforce profitable trading strategies.
Gil Paz Trader, Analyst and Mentor, has over 10-years’ experience day trading and educates students with his proprietary trend following strategy.
Michael Orevi, Trader, Analyst and Mentor is the team forex and commodities guru.
Michael Orevi has experience in emerging markets, foreign equities (European) and currency trading.
Lastly, Amir Barak, Trader Analyst and Mentor, has served as a trading coach for several years and educates student on the importance of risk management.
Products | Services | Costs
Tradenet’s product offering is like a full buffet of trading meals and appetizers.
- Four Funded Account Programs,
- seven Education Courses,
- a Live Trading Chatroom as well as
- Live Onsite Training.
Let’s begin with a Tradenet funded account review.
Note: All Funded Account Programs come with a Full 14-day Money Back Guarantee.
First on the docket is Tradenet’s Intro Program. Developed for beginners, the program costs $500 and includes all the material you need to get started in trading.
The package includes:
- The Self-Study Course
- Access to the Live Trading Chat Room
- A trading book (copy of The Market Whisperer)
- A Demo Trading Account
With the Self-Study Course you get dozens of learning units, training videos, as well as plenty of interactive lessons and tests.
The Live Trading Chat Room introduces you to the sites top traders, where you can follow their strategies and gradually grow as a trader.
The Demo Trading Account acts as a real-life simulator, where you can test your skills under genuine market conditions.
By enrolling in the program, you’re also eligible to apply for a $14,000 Tradenet funded account.
How it works is, If Barak and the team believe you have what it takes, they will personally fund your trading account.
You keep 70% of all winnings as long as you stay within a maximum drawdown (loss) of $700.
Overall, the Intro Program seems solid. You receive plenty of material and the 14-day full money back guarantee adds credibility.
The major downside is service duration. You have access to the Self-Study Course for 12-months, the Live Trading Chat Room for 1-month, the Trading Book for 2-months and the Demo Trading Account for 14-days.
In order to get anything out of the package you must be dedicated.
The short time allotted requires you to study fast and make use of the products early and often. Keep that in mind when you make your decision.
Up next is the Student Program. It’s priced at $3000, which is a substantial jump. You receive all the content from the Intro Program plus:
- Weekly mentorship
- Access to The Star Trader Course
The Star Trader Course – which we’ll describe in greater detail later – is individually priced at $1900 and comes with 15-hours of online video training.
The Student Program also includes eligibility for an $80,000 funded account, which you keep 75% of your winnings with a maximum drawdown of $4000.
Overall, your best bet is to purchase the Intro Program and the Star Trader Course – which results in a total outflow of $2400.
Unless you value the Weekly Mentorship or are eager to get started with a Funded Account, this combination offers the best value.
Created for advanced traders, the Expert Program adds to the Student Program by including the Forex Trading Course and eligibility for a $160,000 Funded Account where you keep 80% of your winnings with a maximum drawdown of $8,000.
The total costs is $6,000.
The crème-de-la-crème of Funded Accounts – The Professional Program – gives you full access to all the site has to offer.
The total cost is $9,000 and the major add-on is the Top Trader Course and eligibility for a $240,000 Funded Account where you keep 85% of your winnings with a maximum drawdown of $12,000.
So what’s the deal: are any of the Funded Accounts worth the money?
The reality is, after the Intro Program, the main product you pay for is access to the higher-dollar Funded Accounts.
From our perspective, it’s cheaper to purchase the Intro Program and add-on specific courses.
You’re better off starting with a small outflow, digesting the material, then testing your skills with the $14,000 Funded Account.
This way you can verify the material before spending a larger chunk of money.
As well, with the 14-day Full Money Back Guarantee, there is little risk in taking the plunge. But, the pricing is at the highest level compared to all other competitors in this segment!
The Self-Study Course – included in all Funded Account packages – is priced at $290 on its own and comes with dozens of videos, practice sessions and supplementary material.
Some of the topics covered include:
- The principles of day trading
- Practical use of indices, sectors and prominent shares
- How to trade in fixed quantities and not fixed amounts of money
- How to analyze the stock market
- How to use moving averages and Fibonacci sequences
This is a quintessential beginner course. The material even covers “what is a long position and how to use short a position (to) profit from its falling price.”
If you’re well versed in these topics, you can afford to skip it; but at $290 it’s not overly expensive either.
As mentioned above, your best bet is to purchase it through the Intro Program. You receive much greater value.
Star Trader Course
Touched on briefly above, the Star Trader Course is priced at $1900 and features 15-hours of online training, calculated risk trading strategies and access to all recorded sessions in case you miss a class.
Some of the topics covered include:
- The US stock market
- Market indicators
- Japanese candlesticks
- Trading methodology
- Reversal patterns
- Market psychology
- Fundamental analysis
Compared to the Self-Study Couse, the Star Trader Course is much more advanced and comprehensive.
You dive into a wide range of intermediate to advanced concepts that are essential to becoming a successful trader.
The course is taught over five consecutive days and each session streams and 3:30 pm New York (eastern) time.
If you’re looking for an advanced course, this is the one for you.
While it’s on the pricier side, when combined with the Intro Program the two make a great combination.
Forex, Commodities and EU Market Course
Also priced at $1900, the Forex, Commodities and EU Market Course, is where Michael Orevi aims to mold you into a professional currency trader.
The course includes three, 3-hour live online sessions and covers topics such as:
- Forex trading basics
- EU trading basics
- Advanced trading orders
- Technical analysis
- Swing trade strategies
- How to make money on market moves
To be honest, the content here is a little thin. Considering the Star Trader Course comes with 15-hours of training, it’s tough to recommend you pay the same price for only 9-hours of content here. We’ll pass on this one.
Top Trader Course
The Top Trader Course is Barak’s most advanced offering. Like the two above, it’s priced at $1900 and comes with 15-hours of live video training.
Some of the topics covered include:
- Trading according to game theory
- Trading small caps
- Using pivot points
- Using scanning software
- Using the technical amplifiers method
- Momentum trading
- Advanced trade methods with Bollinger Bands
Like the Star Trader Course, you can’t go wrong combining this with the Intro Program.
Together you’ll gain fundamentals through the Self-Study Course and learn advanced topics though the Top Trader Course.
The only downside with the Education Courses is – unlike the Funded Programs – there is no 14-day Full Money Back Guarantee.
Our advice is try the Intro Program for 14 days, then add either the Star or Top Trader Course so you’re covered from all angles.
Unlike the products above, the Weekly Mentorship Session is designed to offer personal one-on-one training to help you become a better trader.
The program begins by meeting Barak and his team, who customize a strategy to your experience level and skill.
Each week, mentors help you solve any questions or difficulties you have regarding the markets.
The purchase also includes access to the Tradenet trading room.
With the help of Barak and his team, you trade in real-time and they teach you techniques shown within the session.
The cost of the program is $1,200 a month and the team recommends a three month subscription to achieve your full potential.
You can also cancel at the end of each month without penalty.
A Step up from Weekly Mentorship, Personal Coaching is a 10-hour program customized specifically for you.
The program costs $5,000 and includes five 2-hour sessions with a senior Tradenet coach and access to a Demo Trading Account.
Plans are structured to:
- Spell out your edge
- Talk about risk and ways to manage it
- Discuss trading technique
- Establish a preparation routine
- Overcome issues with trading psychology
Like Weekly Mentorship, Personal Coaching is best for someone in need of a lot of guidance.
If you’re further along in your trading career, the Funded Accounts and Education Courses will more than suffice.
Live Trading Chat Room
The Live Trading Chat Room comes with live video and audio from Barak’s trading team, real-time charts of stocks traded throughout the day, member tips and trade ideas and live alerts of all executed trades.
A monthly subscription costs $399 a month or $2,990 annually (savings of $1,800 per year).
It includes a 14-day free trial, which gives you plenty of time to see if their experts are making the right moves.
With a free trial, you can’t go wrong, so we think it’s worth a look.
Tradenet Free Trial | Promo Code
Tradenet offers a 14-day free trial for its Live Trading Chat Room and a 14-day Full Money Back Guarantee for its Funded Account Programs.
Unfortunately, the Education Courses do not come with free trials or a money back guarantee so it’s best to try the former first.
The site also offers free trading videos, a Tradenet Wiki and Market Reviews of both US stocks and European stocks and currencies.
- Founded: 2004
- Educators: Meir Barak, Scott Malatesta, Gil Paz, Michael Orevi, Amir Barak
- Number of members: 16,000+
- Company Phone Number: +44-20-36420372
- Free trial: 14-day free trial for the Live Trading Chat Room.
- Free resources: free trading videos, Tradenet Wiki, Market Review of both US stocks and European stocks and currencies.
- Coupons: Save $1,800 (vs. monthly) with an annual subscription to the Live Trading Chat Toom
- Money back guarantees: 14-day Full Money Back Guarantee for Funded Account programs.
- Price level: $290 to $9,000
- Transparency: Above average
- Verified income statements: no
Who is Tradenet Best For?
With such a wide variety of resources, the site has material for all skill levels.
Tradenet offers a 14-day free trial for its Live Trading Chatroom and a 14-day Full Money Back Guarantee for Funded Account programs.
If you’re looking to hone your trading skills, the Funded Accounts, Educational Resources and free content will provide you with plenty of firepower to tackle the competition.
However, as I line out in my Tradenet review summary, compared to their competitors, Tradnet is just too expensive.
Tradenet Review Summary
Combing through all the products, it’s easy to see Tradenet has a lot to offer.
From Funded Account programs to Educational Courses to a Live Trading Chat Room, Meir Barak and his team provide a buffet of options to help take your trading game to the next level.
But as with Try Day Trading, Maverick Trading and NOFT-Traders, the offerings are anything else but reasonably priced.
We can not recommend taking action here. The 14-day money back guarantees for the funded account programs sound solid, but again, the overall costs are just too high.
If approved, Tradenet will personally fund a trading account for you which allows you to keep 70% of your winnings as long as you avoid a maximum drawdown (loss) of $700.
Other funded trading account providers offer much better payouts at much lower rates. Here are two good alternatives to Tradenet:
TopStepTrader: TopstepTrader Review (Fututures Funded Trader Program ~$100/m)
OneUpTrader: TopstepFX Review (Forex Funded Trader Program ~$100/m)