Broker review Nettrader: scam or not + real reviews from traders

About the broker

The blog on the site was completed in November 2021; analysts are no longer broadcast live.

This is due to the reorganization of Nettrader through a merger with Freedom Finance, one of the enterprises of Freedom Holding Corp. The official assignee assumed all obligations to clients, support of the trading platform and the official website.

Since Freedom Finance (FF) has a higher rating than Nettrader, clients will benefit.

Details and basic legal information of the broker.

The trading platforms of the broker Freedom Finance - F-Trader and QUIK - have been supplemented by the TRADERNET system, developed for Nettrader. The online consultant confirmed that they intend to support and develop the program. The website of the liquidated company is also operational, the official information has been updated, although it does not completely coincide with that provided on the FF website. I recommend using the resource ffin.ru.

The minimum deposit amount is not specified. Beginners have the opportunity to undergo training on the Nettrader website and use a free demo account for practice. The choice of tariff with a minimum commission will depend on the volume of transactions.

Site Review

For a grandiose project that is extremely popular, TraderNet’s website looks extremely weak. Moreover, it is unnecessarily cheap. Instead of a beautiful logo and corporate identity, there is an English letter “F” in green. This is the limit of the “best broker” of our time.

The site consists of the following sections:

• funds;
• trade;
• blogs;
• graphics;
• language selection (7 language versions);
• open an account;
• demo access.

The “about us” section of the site is not even provided here. It seems that the TraderNet project has no past, present or future. Everything is created here intuitively, without a clear structure. This can also be seen in the information presented on the site.

Due to such a negligent approach, the scammers did not think to tell about themselves, share legal documents, post publications with company cases, a road map, company news, and so on. There is at most 10% useful here, everything else is meaningless promises and empty tales.

In addition, designers did not work on the site. There are no creative solutions or even friendly navigation here. The entire corporate identity has converged to black and white shades and a green logo. Obviously, for the TraderNet charlatans this is the maximum. No one here has even heard of slide shows, adaptation for mobile devices, or color solutions.

Scammers urge you to download the TraderNet mobile application. But if it is as “convenient” as their official website, then it is best to refrain from such joy. Moreover, scammers introduce viruses and special systems into mobile applications that allow them to copy data from the phone and transfer it to third parties.

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history of the company

Broker Nettrader was founded back in 1998. Since then, the company has introduced innovative software and entered the Ukrainian Internet trading market.

There were frequent official changes of ownership, which indicates a precarious financial position with a certain development potential.

In 2021, the investment company Freedom Finance became part of the Freedom Holding corporation, registered in the United States. It also includes official brokers in Kazakhstan, Ukraine, Uzbekistan, Cyprus, as well as the Russian FFIN Bank. One of the FF projects, Freedom24.ru, won the title of best fintech startup in 2015. In 2016, the company received the “Financial Elite” award for its service for retail investors.

What services does it offer?

The nettrader had a broker's license; the only product for clients was trading in instruments available on the MICEX and PJSC St. Petersburg through the website.

The official Freedom Finance service includes:

• depository services;
• trust management services with a package of Russian securities;
• A management system built on US securities and indices.

The company's specialization is trading on the American stock market, which allows private traders to directly carry out transactions on foreign exchanges. Freedom Finance is a sub-broker of an official brokerage firm in the United States.

https://www.bloomberg.com/

The main English-language website for market news.

Here you will find:

• The latest news about world markets.
• A huge number of useful articles on economics, finance, politics, etc.
• There is Live TV, where they discuss world financial and political news, and also give forecasts on the direction of the market.
• There is a choice of markets - Europe, Asia, America, the Middle East.
• You can see the latest news on futures, currencies, markets, stock reviews on various stock markets.

Information support

Analytical support is partially provided on the Nettrader website; serious training can be completed within the framework of the Freedom Finance Exchange University.

Beginners and advanced exchange players receive the following support.

Trader websites

The website of Russian traders is a reservoir of information, the main tool on the path to knowledge. Development of abilities, acquisition of knowledge, improvement of skills is impossible without reinforcement by a large amount of information. Beginners on Russian trading websites feel the need for high-quality and reliable sources of trading data. Statistics, quotes, details of world economic events - without this it is impossible to trade on the stock or currency exchanges. Sometimes, in addition to the relevant facts, the trader requires the subjective opinion of his colleagues. Listening to, or reading, the opinions or guesses of others, on the basis of which you can analyze your own actions, is a useful opportunity during trading.

At the same time, it is worth dividing possible resources on the Internet into two groups depending on the type of information contained - subjective and objective.

In order to study exchange data and track the main events of the market economy that determine effective trading, the official website of the exchange, broker or trader’s website is the best option. In order to reconsider your own point of view from the other side, the vision of trading in a specific segment, it is worth looking at the blogs of TOP traders. Such resources contain mostly subjective opinions of the traders themselves, guesses and assumptions.

We will consider both options for obtaining stock exchange information in more detail below.

Terms of service and tariffs

Two types of accounts are opened for investment:

• brokerage;
• depot

The service is free.

The depository commission for movements of the securities during trading operations is not charged, only for non-trading operations on the securities account. The amount of the broker's commission for executing client orders depends on the turnover for the calendar month.

Let's consider one of the tariffs for active traders on the official website - “All inclusive”:

For long-term investments, the “Standard” tariff is suitable: no monthly fee, with a commission of 0.12% of the lot amount and payment of 10 rubles. for every order.

Specific tariffs are provided for investors who maintain a large account balance and qualified traders: “Consultant”, “Premium”, “Expert”.

There is no this information on the official Nettrader website, only a link to the FF website.

The exchange commission for repo transactions is included in the rate for transferring open positions, which is 0.045% of the position amount per day.

There is no official fee for using the trading terminal, but using the eToken PASS authorization method, the trader pays 750 rubles. for issuing a personal one-time password generator.

Additional customer costs:

• commission for currency conversion transactions, operations with IPO contracts;
• fee for withdrawal of funds.

Methods for depositing and withdrawing will be given below.

Websites and services

Useful sites and services for traders

moex.com is the official website of the Moscow Exchange.

spbexchange.ru – St. Petersburg Exchange

spbexchange.ru/ru/listing/securities/list/ - list of securities traded on St. Petersburg.

ru.investing.com - financial portal, Currency quotes, stocks, forex, indices. Technical research, charts, current financial news and analytics. ru.investing.com/tools/market-hours - operating hours of world exchanges.

ru.tradingview.com is one of the services most used by traders. A lot of tools and trading ideas are provided for free .

Simple for beginners and powerful for technical analysis experts, TradingView has all the tools you need to create and view trading ideas. Real-time quotes and in-browser charts enable you to make forecasts and monitor markets .

Smart-lab.ru (Smartlab) - At the moment, the site has a huge audience (more than 30 thousand unique visitors per day), a huge knowledge base in the “Financial Dictionary” section (to which the creator and founder of the resource himself put a lot of effort), on The resource receives a huge amount of useful information every day. He can safely be called a leader in the trading RuNet at the moment.

Finam.ru - On the pages of the portal you can get comprehensive recommendations and forecasts from analysts, use tools for technical analysis and trading tools. The concept of the portal can be described by the phrase: the entire stock market on one site. The website presents stitched futures charts - https://www.finam.ru/profile/mosbirzha-fyuchersy/rts/tehanalys-live/

google.com/finance Google Corporation provides its website with economic information. High integration with other services of the corporation makes GF very popular, especially among English-speaking traders.

finance.yahoo.com Similar to Blomberg, this is the world's largest economic news site and should definitely be included in useful links for traders. Yahoo finance provides quick access to quotes for major instruments popular with traders around the world. You can view basic information on stocks, futures, commodities, cryptocurrencies, read the latest news and study charts.

investmint.ru - Dividends of Russian and American companies.

UTMagazine.ru - a site dedicated to training traders, a lot of useful information: charts, articles, trading services.

mfd.ru - Information about Russian and foreign financial markets: exchange rates, real-time quotes, rates, analytics, news, charts, stocks, online trading.

finviz.com - A popular resource with company news and a stock screener with data for fundamental and technical analysis. There is also a handy map of the market with stock returns over different periods or various indicators, such as P/E and dividend yield. Unfortunately, there is no data on Russian companies. Finviz is one of the most convenient tools for searching for stocks. It allows you to select stocks based on specified conditions from thousands of stocks on the US stock markets. Many traders use this site daily. He is considered the best for selection.

Premarket:

https://thestockmarketwatch.com/markets/pre-market/today.aspx

https://www.nasdaq.com/extended-trading/premarket-mostactive.aspx

Seekingalpha.com - news, analytics and much more. Here, millions of knowledgeable financial professionals describe their views and stock recommendations.

Tipranks.com is an investment tool with analytics and forecasts.
The service studies analysts' forecasts and their messages on social networks, creating recommendations for investors based on them. shortvolume.com A necessary resource for determining the number of longs and shorts, it shows their total number over a period of time.
The site is updated daily and the data presented is as objective as possible. streetinsider.com When trading reports, it is necessary to know in advance when and which companies will release their financial results. Many trading websites provide release dates, but the site we find most useful is Street Insider. The site allows you to select a day and see which companies report on that day.

For the reporting calendar - It is best to go to the company's website and look at the date of publication of the report. But among the resources it is definitely Earningswhispers.com.

bcs-express.ru — News and analytics, statistics calendar, training, trading recommendations.

www.traderstats.ru - trader statistics service - paid - The service contains everything you need for a high-quality study of your trading.

webmarketstat.ru Trader statistics is a convenient, automated online transaction log, designed to analyze your trading system. The service contains everything you need to qualitatively study your trading: Important control parameters, charts, graphs of various dependencies…. The service is paid.

marketstat.ru/ - online trader statistics - a service for maintaining a portfolio and trader statistics. All transactions carried out by you in the trading terminal are automatically displayed in your account on the WebQstat.com website. Free for now.

FX Blue Live is a free web-based service for analyzing and publishing your trading results. The service is absolutely free, you just need to register

www.piratetrade.ru Programs for traders. Development and sale of software for traders: trade journal, trader's diary, economic statistics calendar, scalping drive, etc.

kbrobot.ru - Website of KB Trading robot - many free trading robots. Creation of custom trading robots.

mfd.ru/marketdata/ticker/?id=5* Skeleton futures RI and others.

ru-ticker.com/CandlestickChart?rperiod=day&ticker=RIXX&period=1 — Candlestick futures on the RTS index and others: ru-ticker.com/SearchTicker?needle=%D0%A1%D0%BA%D0%BB%D0%B5 %D0%B5%D0%BD

option.ru - options calculator .

ru.investing.com/economic-calendar/ — Economic calendar
ADR — smart-lab.ru/q/adr/
Futures quotes — smart-lab.ru/q/futures/

Open positions on derivative financial instruments - moex.com/ru/derivatives/open-positions.aspx
Dividends of Russian companies, cut-off dates - smart-lab.ru/dividends/
FinEx ETF quotes on the Moscow Exchange - smart-lab.ru/q/ etf

Comparison of two charts - https://www.finam.ru/profile/moex-akcii/sberbank/compare/

Portfolios

intelinvest.ru - Accounting and control of your investments.

Portfolio Charts . Here you can test your portfolio of foreign assets or see the results of ready-made portfolios - for example, Harry Brown's permanent portfolio or the classic 60/40. There are also tools for testing withdrawal rates. Useful for those who are building a retirement portfolio and want to understand how much money can be taken out of it without the risk of spending it all quickly.

Portfolio Visualizer . Shows returns, volatility, Sharpe and Sortino ratios of various asset classes over user-selected time intervals. You can also calculate the past performance of portfolios of stocks, bonds and funds (though only those on US exchanges).

Portfolio analysis - Capital Gain. There are fewer functions here than Portfolio Charts and Portfolio Visualizer, but everything is in Russian and there is data not only on foreign assets, but also on Russian stocks, bonds and deposits. Portfolio additions and rebalancing are taken into account, and the results will include not only the total amount and profitability, but also the standard deviation and other parameters.

Broker Products

Unlike Nettrader, Freedom Finance, in addition to direct exchange trading, provides specific services. Let's consider which of them is offered on the official website.

Structured Products

A diversified portfolio with capital protection can be obtained through trust management. There is no such service separately on the official FF website. Management implies a financial plan drawn up by a personal manager taking into account the client’s goals. This goal could be portfolio structuring and investment protection as much as possible.

IPO

Purchasing shares through an IPO, that is, during their initial placement on the stock exchange, can bring significant profits. However, this is a risky tool; the assessment of companies carrying out IPOs should be carried out by a qualified specialist. Purchasing a forward contract on shares is an over-the-counter transaction.

More details on the website ipo.ffin.ru

Additional services

Freedom Finance on its official website offers legal entities a full underwriting cycle:

• preliminary analysis of the issuer;
• issue and placement of shares, bonds;
• post-sales support, development of measures to increase quotes.

A unique project for private investors - Freedom24.ru - is an online stock store where anyone can purchase securities without going to the official market. The minimum purchase amount is RUB 5,000.

Software and mobile trading

The advantage of the Nettrader TRADERNET trading platform is that it is browser-based. There is no need to install client software on a specific computer; you can work through the site from any device. There are applications for iOS and Android. However, mobile devices cannot always provide sufficient speed and stability; I do not recommend using them during strong market movements.

The most popular trading terminal in Russia, QUIK, which was used in Nettrader and remains available on the Freedom Finance website, is client software. It can be installed on any OS, but the developer provides official support only for Windows. Also has versions for smartphones. Provides the trader with advanced functionality, for example, built-in technical analysis tools.

https://www.google.com/finance

A very popular English-language site. About 90% of traders use it.

• The latest news from world markets is in the “Markets” section.
• View stock quotes for the last 180 days.
• In the “Stock screener” section you can see trends for various companies.
• You can create and manage your own stock portfolios.

additional services

Most serious brokers today do not have affiliate programs. Also, I did not find information about bonuses and discounts or ongoing competitions on the official websites of Nettrader and Freedom Finance.

List of available additional benefits of the broker.

All risks for trading operations are assumed by the trader in accordance with the Customer Service Regulations. Nettrader does not provide stock insurance against price declines.

Investigation

Looking at the site, it is clear that it is made for beginners. The pages lack detailed information about his activities, and the articles provided are not of great value (description of the Academy of the New Generation, biography of Tom Monaghan).

There is a lot of confusion on the portal; it is difficult to find the right section. It is clear that the site was created quickly and unprofessionally. This is the first signal that should alert you.

One might suspect that tradernet.ru is the official website of the Freedom Finance company. It belongs to the specified institution, since clients are offered similar contacts and address for communication. But there is no information on the Internet about the connection between the companies, which is very alarming.

It is suspicious that there are no links to the user agreement on billing.tradernet.com. When registering a new account, you must go to the website of the company owner to familiarize yourself with the organizational and legal information of interest.

Working with a broker

Freedom Finance, like Nettrader, offers remote opening of a trading account. Clients can optionally obtain original service agreements from the office. The company has branches in 27 cities of Russia. If there is no representative office, the papers are sent by courier.

Registration on the official website

To register an application on the FF website, you will need to enter your last name, first name, e-mail and telephone number. And also give consent to the processing of personal data. After this, you can get an initial consultation on trading and open a demo account.

To trade via TRADERNET, we still register on the Nettrader website.

Instructions for opening an account

The procedure for registering a real brokerage account for trading on the stock exchange:

1. Fill out the client questionnaire.
2. Top up your account.
3. Upload a scan of your passport.
4. Attach a scan of the signed agreement.

After this, you just have to wait for the manager’s official confirmation about opening the account. This usually happens the next business day after the documents and money have been received.

Demo account

Demo versions on the Nettrader and FF websites allow you to try out not only the process of trading on the stock market, but also compare interfaces, get acquainted with the tools of different platforms, and choose the most convenient one. When working on a demo account, quotes may be delayed and may differ slightly from real ones.

Account replenishment and withdrawal of funds

Options for depositing money on Nettrader:

1. Bank card. Commission 2% of the amount.
2. From a current account. Transfer according to official bank rates.

Crediting to the client's brokerage account occurs no later than the business day following the day of receipt to the company's account. The payment information on the Nettrader website is reliable.

Withdraw funds in two ways:

1. Through the broker's cash desk - with a commission of 1.5%.
2. To a current account - no commission, with the exception of urgent withdrawal for 0.5% of the amount.

The withdrawal order is submitted through the client account of the trading platform, by phone, or in person at the office. Executed the next business day.

Technical support

The NETTRADER QuickSupport program specially developed by Nettrader for technical customer support is disabled. All applications regarding software or trading process are submitted through the Freedom Finance IC hotline.

Pros and cons of the company

The advantages include the information content of the official websites of Nettrader and the assignee. The FF online consultant responded quickly enough to all questions.

Pros for traders:

• convenient TRADERNET interface;
• completely autonomous remote work;
• low barrier to entry into the American market;
• a large amount of professional analytics.

The negative point of Nettrader is that it is time-consuming and expensive to withdraw funds in foreign currency.

Complaints about the broker

The complaints against Nettrader concerned mainly the withdrawal of money, which the company sometimes delayed, citing technical problems.

Negative reviews regarding FF - scammers, money disappearing, "kitchen", scam using Forex - most likely, paid anti-PR. They are trolling in nature: they do not contain specifics, are duplicated many times on different sites, and mention terms that are not related to the broker.

Neither Nettrader nor FF have ever worked with the Forex exchange; “kitchen” refers to unscrupulous dealer centers that do not bring clients to the real market, but only imitate it.

Divorce or not

Comments that appeared on Internet sites about a “scam,” that is, the official bankruptcy of Nettrader with the appropriation of client money, were not confirmed.

Although Freedom Finance does not participate in international ratings, in Russia the company is constantly on the list of 10–15 largest brokers in terms of the number of active traders. For example, according to ratinginvest.ru or among participants on the official MICEX website. This fact, as well as the assets that have increased over the past 2 years (including due to the merger of the Nettrader company), allow us to recommend an intermediary for private investment.

Exposure: is the broker a scammer?

According to scammers, TraderNet is an online broker that allows you to trade securities using the Internet. They are trying to create the illusion that through this site they can increase their income several dozen times without leaving their apartment.

Among other things, the scammers claim that:

• over 1,700 transactions are successfully implemented every day through the official TraderNet website;
• the site is quite successful and this is allegedly indicated by the presence of more than 700,000 registered users;
• 150 thousand active trading accounts are regularly used on the platform.

Without arguments or supporting facts, scammers try to pull the wool over the eyes so that the client, with a sparkle in his eye, will already run to give his money to TraderNet. But the result turns out to be completely different from what the scammers promise - the investor receives nothing and loses their money.

Reviews

Summary of real opinions of various categories of partners of the broker Freedom Finance.

Traders

People who have worked with Nettrader note the simplicity of the program. There are slight execution delays and freezes on the broker's platform. Today this is a problem with all trading terminals. There are no delays in payments to Freedom Finance; money is withdrawn the next day after the official order.

Clients

Assets held in trust provide real growth. Feedback on the financial results of the IPO is especially encouraging. Clients thank specific managers who provide regular consulting services. Several negative reviews are due to the company's aggressive telephone sales after registering on the site.

Employees

Several interview stages, strict selection. Salaries are decent, official, growth is possible. But traders are required to search for and attract clients for brokerage services. Heavy workload, need to constantly improve skills. Judging by the reviews about Nettrader on various sites, the average period of work in the company is 2 – 5 years.

Alternatives

The Russian online trading market offers trading platforms in addition to the Nettrader and Freedom Finance programs. Current list of official brokerage companies offering software for remote work on the stock market:

Reliable Russian brokers