Difference Between Brokers and Tradenet’s Online Trading Academy
If your search for Tradenet as a broker has landed you here, it is time for us to explain the difference between a broker and a trading academy.
Essentially, a broker is a firm that executes trades on behalf of a trader or an investor and charges commission for doing so. The fee charged by brokers depends on the volume, services offered, and other characteristics. Services provided include market research, investment advice, trading platforms, and many more.
On the other hand, a trading academy provides the required skills to day traders to become successful at their trades. An online trading academy does not execute trades on behalf of the traders but equips them with the required knowledge and education to be able to do so themselves.
Therefore, Tradenet is an online trading academy and not a broker. It provides education packages and learning courses to the traders, along with giving them an excellent opportunity to learn directly from the top traders through Tradenet live trading rooms. Traders can mirror the trades of top analysts and learn strategies and skills. Tradenet has educated thousands of amateur and professional traders across the world since its inception.
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What are Regulated European CFD Brokers
Tradenet is not a broker.
European regulated brokers are brokers regulated by the Markets in Financial Instruments Directive (MiFID). This legislation includes all 28 EU member states and the financial markets in the European Economic Area.
Thus, brokers regulated under MiFID provide regulated investment services at competitive costs and high efficiency while safeguarding the interests of the consumers. In this way, the money of the traders remains safe.
What is Prop Trading?
Through funded accounts, Tradenet offers some of its students the eligibility to apply to proprietary trading.
In general, day traders have two options to trade: one is to open a personal trading account with a broker and the second option is to open a proprietary or prop account with an investment firm.
Prop trading is the form of trading in which an investment firm offers its own funds to the traders to trade, and assumes all the risks. Instead of processing the trade themselves, these investment firms earn by taking a percentage of the profits made by traders using their funded prop accounts.
Prop trading has notable benefits along with some risks. The trader enjoys the psychological advantage of knowing he cannot lose any real money, apart from unpaid profits. The investment firms are able to multiply their profits manifold by earning a large percentage on the gains of all their prop account holders. Learn more about prop accounts and their uses.
Therefore, for new day traders, trading through proprietary funded trading accounts is a good alternative to a personal trading account as traders get to practice the basics as well as the advanced strategies.
Tradenet invites all traders to learn from the experience of its top analysts.
Tradenet is an ideal academy for new day traders. It provides the required education and learning tools to the traders, prepares them for live markets, gives them live support through live trading rooms and mentorship programs, videos on YouTube channel, and once the traders are ready to take up the real challenges, they are also eligible to apply for a funded trading account.
Tradenet is the world’s leading online training academy that offers all that is needed for the day traders to make it big and even change their lives.