Trade Nation vs XTB - Fees Review included
Which broker is better Trade Nation or XTB? Our expert assessment conducted according to TU’s own methodology showed that Trade Nation is one of the top brokers in the financial market with the TU Overall Score of 7.34 out of 10. XTB is one of the top brokers in the financial market with the TU Overall Score of 5.17 out of 10. Find out more about TU Overall Score.
| Feature | Trade Nation | XTB |
|---|---|---|
Overall |
2.8 |
4.3 |
3.8 |
4.7 |
|
3.2 |
3.8 |
|
3.6 |
4.7 |
|
Investment Instruments |
1.7 |
1 |
Platforms and Charting Tools |
1.9 |
4.4 |
Deposit and Withdrawal |
2.4 |
4.8 |
Research |
3.6 |
4.1 |
Education |
1.5 |
4.4 |
Support |
2.3 |
4.5 |
Bonuses |
3.9 |
4.6 |
|
|
|
Trade Nation vs XTB: Pros and Cons
Trade Nation is an STP broker with its head office in London. It works with traders of the European and Asian regions. The company belongs to the classical medium-tier brokers with a standard set of trading assets and instruments. Its regulators are: FCA (UK), ASIC (Australia), FSCA (South Africa), and SCB (Bahamas).
The X Trade Brokers (hereinafter “XTB”) is registered in Belize and provides a fairly extensive list of financial services to traders. The company was incorporated in 2002 and its financial regulator is the Belize International Financial Services Commission (IFSC). The broker has offices in Spain, Poland, and the UK, where it is authorized and regulated by the National Financial Supervision Commissions. The XTB is focused on working primarily with European investors. It has several significant awards, including the Best Broker in Europe award by Global Banking & Finance Review and Best Financial Teacher by World Finance Exchange & Brokers.
| Trade Nation | XTB | |
|---|---|---|
| Overall Pros | Availability of licenses from four regulators. This indicates that the broker is subject to constant review by auditors with diverse requirements. | 2100+ trading instrumetns |
| Segregation of client accounts. Traders' money is deposited into separate accounts at Barclays bank. | Big choice of ETF CFDs | |
| Relatively narrow fixed spreads. | Everage EURUSD spread 0.1 pip | |
| Proprietary trading platform that complements MT4. | Advanced xStation trading platform | |
| There's an online Trade Nation community of traders that shares information, knowledge, and trading strategies, all of which raise members’ professional trading skills. | Well regulated broker | |
| Overall Cons | A small selection of payment systems. The broker works mainly through the banks. | High non trading fees - 1.5% commission for withdrawal to credit cards, Account fee 10EUR etc. |
| There is a minimum withdrawal amount. | High stock CFDs fees | |
| Support service in the chat and via email is unprofessionally slow in responding to your inquiries. |
Trade Nation vs XTB: Safety and Regulation
| Regulated By: | Trade Nation | XTB |
|---|---|---|
US Regulation |
No |
NO |
FCA (Great Britain) |
Yes |
Yes |
CySec (Cyprus, EU) |
No |
Yes |
ASIC (Australia) |
Yes |
No |
Other Regulators |
FSCA (South Africa), SCB (Bahamas). |
International Financial Services Commission in Belize. (IFSC License No.: 000302/185) |
Trade Nation vs XTB: Trading Conditions
| Trading Conditions | Trade Nation | XTB |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
МТ4, Trade Nation proprietary terminal |
MetaTrader 4 and xStation 5 |
Max Leverage (Futures) |
1-200 |
1-500 (only for non EU and UK clients), 1-30 |
Supported Markets |
Currency pairs, commodities, and stock markets assets |
Forex, CFDs on Stocks, Commodities, Metals, Cryptocurrencies and ETFs |
Trading assets |
2090+ |
2100+ |
Trading Accounts |
Standard Account, Low Leverage, High Leverage, Islamic Account, and Demo Account. |
Demo, Standard, Pro, Islamic |
Base Account Currencies |
GBP, USD, EUR, AUD, ZAR, DKK, NOK, and SEK |
USD |
Trade Nation vs XTB: Fees
Forex Trading Fees
| Fee | Trade Nation | XTB |
|---|---|---|
Standard Account EURUSD Average Spread |
0.6 pips |
1 pip |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
Not supported |
ECN Account EUR Average Spread |
Not supported |
Not supported |
CFD Trading Fees
| Fee | Trade Nation | XTB |
|---|---|---|
CFD Trading Fee |
Floating and fixed spreads |
0.3% for stock and ETF CFDs trading, 4USD per 1 BTC, 10 ETH, 1000 LTC |
Non-Trading Fees
| Fee | Trade Nation | XTB |
|---|---|---|
Account Fee |
No |
$10 EUR per month |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
1.5% of the amount (but not less than USD 30) when withdrawing money to a bank card (Visa, Mastercard), as well as when withdrawing to SafetyPay. When withdrawing to Neteller and Skrill, XTB charges 2% of the withdrawal amount. |
Inactivity Fee |
No |
€10 per month after 12 months of inactivity |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Trade Nation vs XTB: Trading Assets
| Asset Name | Trade Nation | XTB |
|---|---|---|
Overall |
2090+ |
2100+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
No |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
Yes (CFD) |
Bonds |
Yes |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
No |
Binary Options |
No |
No |
Trade Nation or XTB: Investment Programs
| Asset Name | Trade Nation | XTB |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: XTB or Trade Nation
| Trade Nation | XTB | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
No |
No |
cTrader |
No |
No |
Appropriate platform |
Trade Nation |
xStation 5 |
Others |
No |
No |
|
|
|
Trade Nation vs XTB: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Trade Nation | XTB |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
No |
Trade Nation vs XTB: Research
| Research Type | Trade Nation | XTB |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
Trade Nation vs XTB: Education
| Education Type | Trade Nation | XTB |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Cent account |
No |
No |
XTB vs Trade Nation: Support
| Support Features | Trade Nation | XTB |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
No |
Yes |
Other |
No |
No |
Trade Nation vs XTB: Forex Bonuses and Promo
| Promo | Trade Nation | XTB |
|---|---|---|
Forex Bonus |
The Trade Nation loyalty program awards points for every trade executed. In the future, the points can be exchanged for compensation of trading expenses up to 20%. Also, the broker gives 1,000 points to everyone who opens a real account and gets verified. Due to regulatory restrictions, the loyalty program does not work for traders from the UK and Australia. |
Welcome bonus for non UK/EU & MENA residents . 50% of your first deposit can be added to your account if you trade a minimum amount of lots (15% of your first deposit amount) within 60 days of your account opening, clients should aply for Welcombe bonus and deposit at least $100. |
Affiliate Program |
The variants of partnership programs include: Revenue share plan. The partner receives a percentage of the income that referrals receive at the expense of the spread paid by them; CPA plan. A partner gets a fixed payment for each attracted client following verification; Hybrid plan. This program combines the advantages of both variants and allows you to receive a certain percentage of interest and a fixed fee based on the trades of the referee. |
The XTB affiliate program allows a client of the company to earn additional income by advertising the broker and attracting new clients. The amount of such income is up to 20% of the spread of the referred client |
Other Promos |
he XTB cashback (rebates) program is primarily for traders who trade actively. The client has the opportunity to receive partial compensation of the spread, subject to the fulfillment of the monthly trading volume |
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Top 5 Reviews on XTB
-
Comment
There are quite a lot of brokerage companies. There are good and bad brokers, and those who have nothing to do with financial markets at all. XTB is not a perfect company, but it has many advantages over others. Its main advantage is client support, account maintenance, and a low entry threshold. Personally, I decided on this company.
-
Comment
I chose XTB among many brokers 6 months ago. Spread is low, execution is smooth, and withdrawals are quick on weekdays. This is quite enough for me.
-
Comment
xtb is an excellent company, I have been working with it for 3 years. I withdraw large sums to the card. The quotes are even without problems, there is a choice of other platforms, and fees are minimal. I totally confirm reviews of xtb!
-
Comment
I consider xtb a promising broker. I worked with it for some time — everything was excellent and most importantly of high quality. When I was withdrawing funds for the first time, I had to wait a little and I even started to get nervous, but in the end everything worked out. So I recommend this company as honest and of high quality.
-
Comment
XTB is a good broker, without any pitfalls. It withdraws everything within 24 hours and its servers are stable. So far, I’m happy.
Top 5 Reviews on Trade Nation
-
Comment
Payments at Trade Nation are exact. I have withdrawn a couple of times. Of course, the amounts were small, but I didn’t hear any complaints about large ones either. So I recommend the broker.
-
Comment
Traded with Trade Nation a few years ago. There is no decency here, guys. If you still decide to trade here, read the regulations very, very carefully. They can find a lot of violations in your trading and take your money. These are scammers.
-
Comment
In short, this is a scam company. We do. what do we want and what will you do for us? Due to a malfunction in the chart, I did not close a number of positions. Similar positions with two other brokers closed at the same time at the same time. This is a scam, I do not recommend!
-
Comment
People, do not even allow the thought to mess with these Fraudsters with a capital letter. Very cruel, psychologically trained nonhumans! By deceit they will pull everything to the penny, merge it! And you will be blamed for everything. I personally experienced all their psychological tricks.
-
Comment
As for me, it's nothing special. A typical broker with no deposit requirements who earns on spread markup. It does not charge any additional fees, including for making a deposit and withdrawing funds. Trade Nation has a loyalty program. According to its terms, for each closed transaction, the broker accrues some points, which can then partially cover trading commissions. If you wish, you can quickly get used to the author's Trade Nation terminal, because its interface is similar to MetaTrader. But the broker also offers MT4, so you can trade with it and not bother. Trade Nation is regulated in several jurisdictions, which is good, but it does not offer a choice of accounts, which is a minus.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
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.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
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.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!