Tradingnetwork is an online trading broker that trades on Forex, Commodities, Indices, and Shares. This broker is based on the MetaTrader4 platform and trust trading network webtrader. This broker provides trading services all over the world except in the United States of America. This broker has 1200 markets to choose from.
Tradingnetwork has no hidden charge, no commission, and hidden fees. This broker does not charge a penny for account opening and for maintaining. There are no fees while withdrawing money. This broker groups the traders according to their financial capabilities, goals, trading experience, and knowledge. Each of the groups is headed by an account manager and financial advisor who lead advice, motivate, and teach traders to manage their trading experiences.
There are four types of live trading accounts provided by Tradingnetwork. These accounts are named Mega, Giga, Tera, and Peta. All of these accounts have different levels of minimum deposit, spread, and leverage. All the variables of all these four accounts are described below:-
- Mega Account:- This account requires a $250 minimum deposit to start. The spread in this account is 2.4 pips and the maximum leverage on this account is 1:500.
- Giga Account:- This account starts with a $2000 minimum deposit. The spread in this account is 1.4 pips. The maximum leverage in this account is 1:400.
- Tera Account:- This account requires $15,000 of minimum funding. The spread in this account is 0.4 pips. The maximum leverage in this account is 1;200.
- Peta Account:- This account requires a $50,000 minimum deposit. The maximum leverage in this account is 1:100. The spread in this account starts from o.4 pips.