Warning: Creating default object from empty value in /home/customer/www/start-online-trading.com/public_html/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/class.redux_filesystem.php on line 29 Tradenet Commissions 2020... Here is How Much You Pay!
Tradenet is a service that offers educational programs which allows you to
become a funded account trader, trading CFDs via an investment firm they are working close to called TEFS. This article will tell you exactly how much commissions you have to pay with TEFS and how it is structured.
Tradenet commissions are $0.0075 per share traded with a minimum of $1.5 per executed order. Shorts have no borrowing fee since it’s CFD trading. The cost for the platform is $15 per month, and depending on the funded account you are trading, basing on the program you chose, you give away 15% to 30% of the profits you made. Let’s have a closer look at how exactly this is all structured.
TEFS (the investment firm Tradenet works with) will charge you per share traded. They will cost you $0.006 per share traded and $0.0015 per share as a routing fee. So in total, you pay $0.0075 per share traded.
They also have a minimum fee if you trade less than 200 shares you will pay at least $1.50 per executed order.
Let’s look at some sample share sizes and how much you have to pay for commissions:
# of Shares
2 Orders (Roundtrip)
Short-selling has no special fee since you are not directly participating in the market with CFD trading. There is also no special fee for holding a short position overnight. Every stock you can trade is also shortable.
Since you are trading a funded account that is not directly yours, you have to split the profits you make with them. Tradenet offers four different packages, which can provide access to four
different account sizes by TEFS, and all have varying percentages of profit splits. The charts below show you how much of your profits you can keep for yourself with each package.
Level 2 information is usually not free, and TEFS also charges a monthly fee to access their trading platform. This monthly fee is $15 and will be deducted each month from your account.