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