Are Tradenet commissions actually .0075, or higher?

[Risepoint1879]

Can anyone confirm their experience purchasing a funded account with Tradenet?
Are commissions .0075 per share as they say, or actually more than that?

 

[Robert Morse]

What does it mean to Purchase a funded account?
How do they charge a commissions if they are not broker dealers?

 

[Risepoint1879]

What does it mean to Purchase a funded account?
How do they charge a commissions if they are not broker dealers?

They pass them through, but it's fixed at .0075. Maybe they are a broker-dealer.

They have different tiers. For $6000, they will give a $160k live account, as long as you don't do anything crazy in sim for 5 days. It's no margin, so more like a $40k account.

 

[Nobert]

They pass them through, but it's fixed at .0075. Maybe they are a broker-dealer.

They have different tiers. For $6000, they will give a $160k live account, as long as you don't do anything crazy in sim for 5 days. It's no margin, so more like a $40k account.

CFD's ?

 

[LS1Z28]

https://www.colmexpro.com/Media/Default/Legal Documentation/Contract Specifications - Colmex Pro LTD.pdf
I've never purchased a funded account, but I looked into Tradenet when I started out. They allow you to trade CFD's through Colmex Pro when you purchase a funded account. They charge a routing fee for their CFD's of up to 5 cents per share.

Be careful with Tradenet. They're essentially a prop firm bucket shop operating out of Cyprus.