Sharenet Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of Sharenet trading signals. You will learn what kinds of trading signals Sharenet offers and what the conditions for using them are.
Short introduction of Sharenet
Sharenet is a CFD and Forex broker that has been operating since 1988. The company was registered in South Africa, and its head office still operates there. The broker offers clients trading in five asset classes, including currency pairs, CFDs on indices, energy products, precious metals, and bonds. Spot shares are available to South African residents. The company provides access to the Johannesburg Stock Market (JSE). Sharenet is regulated by the Financial Sector Conduct Authority (FSCA, 41688), which is the financial regulator of South Africa.
| 💰 Account currency: | USD, EUR, GBP, CHF |
| 🚀 Minimum deposit: | from 3,500 USD |
| ⚖️ Leverage: | up to 1:1 |
| 💱 Spread: | from 1 pips (Standard) |
| 🔧 Instruments: | Currency pairs (41), CFDs on indices (94), metals (5), energy resources (1), bonds (2) |
| 💹 Margin Call / Stop Out: | 100%/50% |
Sharenet Pros and Cons
👍 Advantages of trading with Sharenet:
•150+ trading instruments, including 94 indices.
•Doorway to emerging African markets.
•Opportunity to invest in managed portfolios.
•Technical support works 24/7.
•Commission for deposits and withdrawals is 0%.
👎 Disadvantages of Sharenet:
•Complicated registration procedure.
•Initial deposit from 3,500 USD.
•Limited number of ways to contact customer service.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
Sharenet Trading Signals
Traders Union’s analysts have analyzed the commission policy of Sharenet. The company only has one type of trading account. The platform charges a commission in the form of a spread. The spread for EUR/USD starts from 1.0 pips. There is also a flat fee for trading stocks for resident-traders of South Africa. Its size is 0.2% per trade. There are no commissions for depositing or withdrawing funds with Sharenet.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | from $10 | Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that Sharenet does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
Can trading signals be provided for free?
Brokers may offer free and paid trading signals.
Is automatic position opening based on signals possible?
Yes, it is what copy trading implies. In this case, all trades are copied automatically to the trader’s platform.
Can I reject a trading signal?
Yes, you can. However, if the signals are provided as a part of copy trading with automatic closing of positions, you need to monitor the platform.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.