TradeNet and ColmexPro Review: The Meir Barack Scam
Meir Barack is selling trading educational packages to those who want to ”get rich”. In return, those naive traders get to win Colmex Pro fully funded accounts. Through TradeNet, Mr. Barack is recruiting traders into Colmex Pro which he owns. Colmex Pro makes money when you lose.
There are 4 options through which TradeNet will set you up for this loss. I will cover them later on in this ColmexPro and Tradenet review.
Both TradeNet.com and ColmexPro are the properties of Meir Barack. And without first discussing ColmexPro.com in details, it can be very difficult for you to understand the form and function of Trade Net.
So I have purposely made it my duty to describe what Colmex Pro is and how it works in tandem with the subject, TradeNet.
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Colmex Pro Review
Colmex Pro is basically a Contract for Difference (CFDs) stock broker.
When you buy or sell stocks, you use a stock broker’s platform that is regulated by Finra or some other financial regulatory authority.
When investors transact with a single stock broker, they create an atmosphere of ”healthy auction” which is supposed to ensure that spreads are as thin as a razor.
A modern stock broker would guarantee tight spreads, transparency and fairness to all traders. Colmex Pro is a Contract for Difference stock broker that does not operate in the US regulated stock exchange.
Meanwhile, CFD stock brokers were banned in the US in 1934. Before then, they used to be called ”Bucket shops”.
In the year 1929 when the stock market crashed, the bucket shops were found to be nothing more than paper depositories where the owners of the bucket shops simply refused to keep their end of the bargain if the outcome favored traders.
To cut a long story short, you cannot trust a bucket shop because it collects losing wagers and refuses to pay winners. Colmex Pro is situated in the country Cyprus, which is infamous for hosting Russian mobsters, obnoxious Forex brokers, binary options scams and money coming from drug lords seeking to launder their funds in the country.
Is Colmex Pro a scam? I’m not suggesting so. However, I am asserting that it is a bucket shop situated in an Island that is infamous for providing shelter to criminals.
Is Colmex Pro offering quality investment products?
It has been alleged that Colmex Pro does not provide investment products at all.
An Israeli lady recently sued Meir Barack for what she termed an investment fraud. The lady purchased stocks from Colmex Pro with the intention of holding and later profiting from the quarterly dividend.
During that year, the companies announced the dividends which this lady was looking for in order to contribute towards her retirement money. So she thought her Colmex Pro account was also growing in size.
To her surprise, she received no dividends at all. She found out that this Contract for Difference was not paying out any dividends. This made her sue Meir Barak of TradeNet.
Like I have said before, a Contract for Difference or a bucket shop is just a piece of paper representing wagers between two parties. With that in the picture, there are no guarantees plus no regulatory authorities in the picture to ensure that payment is made to the relevant parties as agreed in the contract.
You are in the mercies of the counter party, in this case Meir Barak and his Colmex Pro, situated in an Island that is best known for pirates, drug money and criminal activity in general.
Tradenet Review
They give you money and ”teach you how to trade”. Is that the case?
The function of TradeNet is to teach traders how to be successful day trading. Meir Barak runs a live day trading room for this purpose. This live day trading room is supposedly giving its audience access to winning signals which they are supposed to copy paste.
Meir Barak tells his audience that he makes between $20,000 – $50,000 in monthly returns day trading stocks.
In these video clips, he claims that his students are experiencing the same level of success by copy pasting his winning signals.
There is no one in the world who doesn’t want to earn $20,000 – $50,000 per month. And if they can earn this amount by simply copy pasting Meir’s trades, this can be good news. All their money problems will be gone.
The monthly subscription for TradeNet live trading room is $399. If you subscribe, you can replicate the success of Meir!
But this get even dirtier as Meir claims that he wants to give you all the money in the world to trade with and for free.
Alarms should go off by now as several scams now operate with the same principle as TradeNet.
Tradenet with Meir Barak review – free money, a unicorn?
The aspiring trader is supposedly going to receive free money if they purchase any of the educational packages. There are 4 options:
Option 1
Hand over your $500 to Meir Barak and he will reward you with $14,000 to trade with in his CFDs magical paper trading platform. You get to withdraw 70% profit. Maximum draw down is $700.
Option 2
Give $3,000 to Meir Barak and he gives you $80,000 to trade the magical paper trading platform. You keep 75% profits. $4000 is the maximum draw down.
Option 3
Give $6,000 and win $160,000 in your paper trading account. You get 80% profits and maximum draw down is $8000.
Option 4
Or give $9,000 and win $240,000. You get to keep 85% profit. Maximum draw down is $12000.
These accounts are with Colmex Pro, the bucket shop CFDs brokerage that makes money when you lose.
Now, for a moment, think about this operation. Meir Barak of Tradenet wants your money so he can set you up with a Colmex Pro paper trading account whose mission is to make money if you lose. This sounds fishy or even rotten.
TradeNet Review with Meir Barak’s 20% affiliate commission
Mr. Barak is a witty sales man and he can easily put up a show that will get you entertained. With 20% affiliate commission on all traders who deposit through campforex.com, I would soon buy a yacht and start posting pictures here and there of how I sip unlimited shrimp cocktail with girls in bikinis.
For a moment, I was living the dream in my head because honestly 20% is a lot for me if I factor the size of my audience and picture just how much I could make by sending a few guys over to Meir Barak’s Tradenet.
But then, I wake up from my stupid dream and realized that there is no fucking way I could promote something as outrageously zany like Tradenet.
» When I promote these Forex trading robots, I know that they are the best. I don’t just recommend a product because the commission looks good. I do it when I am 100% sure of quality.
Conclusion of this Tradenet review
This has been long, and I’m sure it has been ugly. But here is the point.
Tradenet is the property of Meir Barack, the same person who owns a bucket shop called ColmexPro.
Secondly, Tradenet is encouraging aspiring traders to purchase education so they can start copy pasting Meir’s trades.
Thirdly, Tradenet is offering educational packages which are then converted into ColmexPro paper trading experience based on the ”free money” offered to aspiring traders by Mr. Meir.
Fourth, these paper trading accounts are supposedly paying real profits to students who generate money.
Fifth, the Commodity Exchange Act considers both Tradenet and Colmex Pro an illegal franchise.
Sixth, the scheme is continuously expanding through a series of affiliate promotions on the web where Meir Barak pays 20% commission when traders are directed to deposit money with ColmexPro.
Promoters do not tell their audience what they make but instead construct the fraudulent scheme through scam internet marketing tactics
If you’d like to contribute your input to this Tradenet review, please comment below.