Ex Trade Net (extradenet.com) has been flagged by ASIC (Australia) for "Unlicensed". Phones: +1 (213) 267-1144
Addresses: 477 Madison Ave 6th Fl New York NY 10022; 51-63 8th Ave New York NY 10014 USA This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: extradenet.com.
I joined Ex Trade Net (extradenet.com) through word of mouth in my investment club and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Fast support response|Personal attention|Risk management tools
Cons: No integrated tax optimization
I wanted to transfer my portfolio from another broker to Ex Trade Net (extradenet.com). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Easy to use platform|Educational resources
Cons: Minor UI glitches occasionally|Some tools only available on higher tiers
My card was charged twice by Ex Trade Net (extradenet.com) on the same day. I had to dispute it with my bank. Ex Trade Net (extradenet.com) then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Economic calendar|Excellent charting|Helpful community forum
Cons: Website design could be more modern
Ex Trade Net (extradenet.com) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Easy to use platform|Comprehensive tools
Cons: Cannot customize dashboard fully
Do not believe the bonus offer from Ex Trade Net (extradenet.com). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited when my bank disappointed me and I searched for alternatives and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Instant funding|Segregated accounts|Copy trading available
Cons: No crypto staking
Ex Trade Net (extradenet.com) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Social trading features|Smooth onboarding|Segregated accounts|Good mobile app
Cons: Minimum deposit could be lower|Would like more payment methods
KYC with Ex Trade Net (extradenet.com) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Quick verification|Economic calendar
Cons: Spreads widen during volatile periods|Account statements could be more detailed
Do not be fooled by the professional-looking website. Behind the scenes, Ex Trade Net (extradenet.com) is disorganized and incompetent. I found them after attending a webinar they hosted and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Detailed reporting|No hidden fees|Low minimum deposit|Reliable uptime
Cons: No phone support on weekends|No live chat on mobile