According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- MT4
- Trade Nation Platform
- FCA
- ASIC
- FSCA
- SCB
- FSA
- 2019
Our Evaluation of Trade Nation
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Trade Nation is a moderate-risk broker with the TU Overall Score of 6.9 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Trade Nation clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Trade Nation is suitable for active and social trading. It offers a wide range of financial instruments and allows traders to use popular Forex strategies.
Brief Look at Trade Nation
Trade Nation has been on the market since 2014 and has an expanded network of representative offices that provide their services to traders from over 190 countries. Its clients can both trade CFDs and use spread betting. The company allows hedging, scalping, social trading, and trading by signals. Trade Nation offers more than 1,000 financial instruments that can be traded with fixed or floating spreads on its in-house TN Trader platform or MetaTrader 4. The broker’s activities are regulated by FCA 525164 (Financial Conduct Authority | the UK), ASIC 422661 (Australian Securities and Investments Commission), FSCA 49846 (Financial Sector Conduct Authority | South Africa), SCB SIA-F216 (Securities Commission of the Bahamas), and FSA SD150 (Financial Services Authorities | Seychelles). None of the offices works with U.S. traders.
We've identified your country as
US
We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones. Our analysis highlights companies that offer optimal working conditions, uphold a strong reputation, and consistently receive the highest number of positive reviews from traders on our website.
Explore the 5 top-rated companies in
US :
- Licensed activities in compliance with international laws and trading rules;
- No requirements for the initial deposit;
- Account types with floating and fixed spreads;
- Partnership programs with different reward models;
- No brokerage fees for deposits and withdrawals;
- Cent and demo accounts;
- Negative balance protection for retail clients.
- Technical support isn’t available in instant messengers;
- Traders cannot choose a servicing division;
- Fixed spreads are subject to trading hours and change three times a day.
TU Expert Advice
Author, Financial Expert at Traders Union
Trade Nation provides trading services through MetaTrader 4 and its proprietary TN Trader platform, offering a range of financial instruments including Forex, stock indices, metals, and CFDs. It supports both fixed and floating spreads with no initial deposit requirement, and traders benefit from a wide variety of account currencies. The broker's regulatory oversight is maintained by the FCA, ASIC, and FSCA, providing secure trading conditions. Additionally, Trade Nation supports popular trading strategies such as hedging and scalping, and offers advanced tools like negative balance protection.
However, Trade Nation has some drawbacks, including limited client support availability and fixed spreads that change during trading hours. The absence of ECN accounts and passive investment options may also be disadvantages for some traders. Overall, Trade Nation is a viable choice for experienced traders who prioritize diversified asset access and regulation, though it may not be suitable for those needing extensive support or preferring long-term investment strategies.
- If you are an experienced trader comfortable with leveraging, Trade Nation offers tight spreads (as low as 0 pips) and high leverage (up to 500:1), providing an attractive option for those seeking to maximize profits.
- You want your broker to be under multiple Regulations as Trade Nation is regulated by various reputable authorities, including FCA, ASIC, FSCA, SCB, and FSA, ensuring a broker with multiple regulatory oversight.
- If you require extensive customer support. Trade Nation may not be the ideal choice as support hours are limited to 24/5, and there are reports of potential slow response times or difficulties in reaching customer support.
Trade Nation Trading Conditions
Your capital is at risk. Financial Spread Bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | MetaTrader 4 (desktop and mobile) and TN Trader (web and mobile) |
|---|---|
| 📊 Accounts: | Demo, MT4 Standard, MT4 Cent, MT4 Raw Spread, TN Trader Standard, and TN Trader Cent |
| 💰 Account currency: | USD, GBP, AUD, EUR, DKK, SEK, ZAR, and NOK |
| 💵 Deposit / Withdrawal: | Bank cards, bank transfers, cryptocurrencies, Skrill, AstroPay, Rapid, Jeton, and other e-wallets |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | Up to 1:30-1:500 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.0001 |
| 💱 EUR/USD spread: | 0,2 pips |
| 🔧 Instruments: | Currency pairs, stock indices, energies, metals, bonds, cryptocurrencies (spot), U.S. stocks, UK stocks, European stocks, and South African stocks |
| 💹 Margin Call / Stop Out: | 100%/50% |
| 🏛 Liquidity provider: | Major banks and hedge funds |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: |
Market on MT4 Instant on TN Trader |
| ⭐ Trading features: |
Spread betting; CFD trading; Floating and fixed spreads. |
| 🎁 Contests and bonuses: | Rebates and bonus offers with limited duration |
Trade Nation offers two types of trading: Spread betting on TN Trader with fixed spreads and CFD trading on MT4 with floating spreads. Traders can open one account of each type in different currencies. The broker allows many trading strategies. Automated trading is available. Leverage varies subject to regulatory requirements and client status. There are no requirements for the initial deposit.
Trade Nation Key Parameters Evaluation
Video Review of Trade Nation
Share your experience
- Best
- Last
- Oldest
Trading Account Opening
Trade Nation algorithms automatically determine a user’s location and redirect them to websites of offices that provide services in their countries. The user account is created as follows:
Click the “Trade Now” button and choose the registration option — by email or your Google/Apple/LinkedIn profile. Also, make a password to sign into your client portal.
Next, provide information required by the broker, including your phone number, personal data, country of residence, and citizenship. Additionally, choose the account currency and answer questions about your trading experience and available capital to invest in trading.
Upon filling in the registration form, traders must:
Additional features of the user account that allow you to:
-
Download/launch a trading platform and create a trading account;
-
Communicate with a live chat operator without providing your email;
-
Submit a withdrawal request;
-
View statistics on trading and financial transactions;
-
View the market data, newsfeeds, trading ideas, and tips of Trade Nation experts;
-
Switch to a partner portal with statistics on referrals and available payments.
Regulation and safety
Trade Nation has a safety score of 9.8/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Regulated in the UK
- Track record of less than 8 years
Trade Nation Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 FCA UK |
Financial Conduct Authority | United Kingdom | Up to £85,000 | Tier-1 |
 ASIC |
Australian Securities and Investments Commission | Australia | No specific fund but has stringent consumer protection | Tier-1 |
 FSCA SA |
Financial Sector Conduct Authority of South Africa | South Africa | No specific fund | Tier-2 |
 SCB |
Securities Commission of The Bahamas | Bahamas | No specific fund | Tier-2 |
 FSA (Seychelles) |
Financial Services Authority of Seychelles | Seychelles | No specific fund | Tier-3 |
Trade Nation Security Factors
| Foundation date | 2019 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Trade Nation have been analyzed and rated as Low with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Trade Nation with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Trade Nation’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Trade Nation Standard spreads
| Trade Nation | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,3 | 0,5 | 0,1 |
| EUR/USD max, pips | 0,6 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,7 | 0,4 | 0,1 |
| GPB/USD max, pips | 1,9 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Trade Nation RAW/ECN spreads
| Trade Nation | Pepperstone | OANDA | |
| Commission ($ per lot) | 3,5 | 3 | 3,5 |
| EUR/USD avg spread | 0,2 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,3 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Trade Nation. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Trade Nation Non-Trading Fees
| Trade Nation | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
Trade Nation offers standard, ECN, and cent account types on different platforms, as well as their demo versions. The broker recommends that traders start trading on a demo account, next open a Cent account, and then switch to Standard or Raw Spread accounts.
Account types:
FCA, ASIC, and FSCA divide all clients into retail and professional. Traders with the Pro status get access to Pro accounts with greater trading opportunities and increased leverage.
Trade Nation adjusts its trading conditions to the asset class and regulatory requirements to provide its clients with the most comfortable stay in markets and possibilities to build a successful strategy.
Deposit and withdrawal
Trade Nation received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Trade Nation provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Low minimum withdrawal requirement
- BTC available as a base account currency
- No deposit fee
- No withdrawal fee
- PayPal not supported
- Limited deposit and withdrawal flexibility, leading to higher costs
- Wise not supported
What are Trade Nation deposit and withdrawal options?
Trade Nation provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, BTC.
Trade Nation Deposit and Withdrawal Methods vs Competitors
| Trade Nation | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | Yes | No | No |
What are Trade Nation base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Trade Nation supports the following base account currencies:
What are Trade Nation's minimum deposit and withdrawal amounts?
The minimum deposit on Trade Nation is $0, while the minimum withdrawal amount is $50. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Trade Nation’s support team.
Markets and tradable assets
Trade Nation provides a standard range of trading assets in line with the market average. The platform includes 1000 assets in total and 40 Forex currency pairs.
- 1000 assets for trading
- 40 supported currency pairs
- Indices trading
- Futures not available
- No ETFs
Supported markets vs top competitors
We have compared the range of assets and markets supported by Trade Nation with its competitors, making it easier for you to find the perfect fit.
| Trade Nation | Plus500 | Pepperstone | |
| Currency pairs | 40 | 60 | 90 |
| Total tradable assets | 1000 | 2800 | 1200 |
| Stocks | No | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | No | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products Trade Nation offers for beginner traders and investors who prefer not to engage in active trading.
| Trade Nation | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
Technical support is available only on working days from 22:00 Sunday to 22:00 Friday (GMT). The main language is English.
Advantages
- Round-the-clock support during market trading hours
- Details of trading conditions are provided in live chat
Disadvantages
- Live chat is subject to delays
- No support in instant messengers
Technical support can be contacted by:
-
Phone (the number is provided in the website’s footer);
-
Email;
-
Live chat on the website or in the user account.
Live chat operators respond quickly on the website, however, traders must provide their email at each request.
Contacts
| Foundation date | 2019 |
|---|---|
| Registration address | Trade Nation Ltd, office № 3 Bayside Executive Park, West Bay Street & Blake Road, Nassau, New Providence, the Bahamas |
| Regulation |
FCA, ASIC, FSCA, SCB, FSA
Licence number: 525164, AFSL 422661, 49846, SIA-F216, SD150 |
| Official site | https://tradenation.com/ |
| Contacts |
Education
Educational materials on the Trade Nation website are not separated and are not structured by levels. The Insights block allows novice traders to explore markets and to trade on a demo account.
Trade Nation doesn’t offer educational materials for novice traders. However, its YouTube channel provides tutorials on trading. Educational webinars and seminars are not available.
Comparison of Trade Nation with other Brokers
| Trade Nation | Eightcap | XM Group | RoboForex | TeleTrade | InstaForex | |
| Trading platform |
Trade Nation Platform, MT4, Mobile platforms | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5 | MT4, MultiTerminal, MobileTrading, MT5, WebTrader |
| Min deposit | $5 | $100 | $5 | $10 | $10 | $1 |
| Leverage |
From 1:10 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | No | Yes |
| Accrual of % on the balance | No | No | No | 10.00% | 1.00% | No |
| Spread | From 0.6 points | From 0 points | From 0.8 points | From 0 points | From 0.2 points | From 0 points |
| Level of margin call / stop out |
175% / 100% | 80% / 50% | 100% / 50% | 60% / 40% | 70% / 20% | 30% / 10% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | Yes | Yes |
Detailed review of Trade Nation
Trade Nation has representative offices in Australia, the UK, South Africa, the Bahamas, and Seychelles. The broker provides maximum security for its client deposits by holding them in Australian Westpack Bank and British Barclays Bank. The company’s financial performance is regularly audited as required by regulators. Also, it transfers its surplus capital to charities and sponsorships.
Trade Nation by the numbers:
-
9+ years of work as a financial intermediary;
-
120+ employees;
-
Over 300,000 registered users;
-
1,000+ trading instruments.
Trade Nation is a multi-regulated broker for trading with both your own funds and margin
All Trade Nation offices support margin trading, however, loan conditions vary subject to client status, retail or professional, and requirements of a certain regulator. Retail traders from the UK and Australia can use leverage up to 1:30 for major currency pairs. Pro clients can use much higher leverage. The broker licensed by SCB offers trading currency pairs and metals with leverage up to 1:100 for retail clients, and up to 1:200 for Pro clients. Clients of other offices can trade with leverage up to 1:500.
Traders can trade from any device. TN Trader is available as a web platform for Google Chrome, Microsoft Edge, Firefox, and Safari. Also, it can be used on smartphones run on Android and iOS. MT4 is provided in desktop and mobile versions.
Useful services offered by Trade Nation:
-
Real-time newsfeeds broadcast on the Trade Nation proprietary platform;
-
Stop orders to manage risks on the trading platform;
-
Market information that includes trading schedules that specify holidays, expiry dates of futures contracts, and a dividend correction calendar;
-
YouTube channel that offers education for novice traders and guides on how to start trading with Trade Nation.
Advantages:
User account verification takes 1 business day;
Access to automated trading, cash back on fees, and tutorials on Forex;
Client funds are segregated from the broker’s capital;
Trading with a minimum order size of 0.0001 lot;
Leverage for major currency pairs is up to 1:500;
Best Spread Betting Provider and Best Trading Platform awards.
All Trade Nation’s services, including payment processing, inactive account maintenance, and access to the signalDP in-house signal platform, are free for its clients.
Latest Trade Nation News
Articles that may help you
Check out our reviews of other companies as well
User Satisfaction i