Trade Nation Review
Traders who wish to trade with a well regulated environment will find Trade Nation as a great choice. The broker provides traders with the industry-leading MT4 trading platform. Their clients benefit from several competitive trading conditions, such as multiple payment methods, tight fixed spreads, and lightning-fast execution, to ensure that clients get the most out of their trades.
With its headquarters in the United Kingdom, Trade Nation is an online financial services provider that is reputed for being one of the few brokers who provide customers with low fixed spreads. They offer a range of other competitive trading conditions — low trading fees, demo account, multiple payment methods, and more — to ensure an enhanced trading experience. The broker allows traders to buy and sell multiple financial instruments across different asset classes, such as forex currency pairs, commodities, indices, stocks, and shares, using the MT4 and a proprietary trading platform. There are various useful trading tools, educational resources, and a reliable client support team to assist traders. The minimum deposit required to start trading is $1.
There is a lot to love about Trade Nation. The first exciting thing you would notice about Trade nation is that the broker allows you to start trading with any amount of your choice — starting from as low as $1. The broker offers an in-house-built trading platform and the popular MT4 trading platform, which is available in desktop, web, and mobile versions. They are regulated by various top-tier regulatory authorities to ensure clients’ peace of mind. Their clients are provided with a good selection of learning resources, helpful trading tools, and the services of a reliable client support team who are available via multiple contact channels.
Trade Nation offers various Trading Products across different asset classes, including forex, commodities, indices, stocks, and CFDs. The broker does not offer cryptocurrency trading at the moment, and they seem to have a bunch of reasons for their decision, primarily due to regulation. If that matters to you, then Libertex are another broker worth considering who do support cryptos. All the available Trading Products can be traded on the MT4 and the broker’s proprietary trading platform.
Trade Nation Instruments Summary
| Instruments | Trade Nation |
|---|---|
| Forex | ✓ |
| Stocks | ✓ |
| Indices | ✓ |
| Commodities | ✓ |
| Cryptos | x |
| Options | x |
| Bonds | x |
| ETFs | x |
| CFDs | ✓ |
Commission and Spread Fees
Trade Nation insists that they are focused on providing traders with one of the fairest trading experiences in the industry. To do that, they ensure optimal transparency in all their business dealings, including their commission charges and spreads.
Spreads are the difference between the buy and the sell price. So the narrower the spread, the smaller the costs to trade. Interestingly, Trade Nation offers low and fixed, starting from just 0.6 on the EURUSD currency pair. This is unlike other brokers who widen them when markets become volatile. Competitors with variable spreads could easily increase their charges when there’s a rush to trade, such as when markets open and in the minutes leading up to the close. Hence, the low fixed spreads at Trade Nation are a better option: they stay the same within specific trading sessions, offering total transparency so you can be certain of your trading costs.
No matter what happens in the markets, you can be certain that your spread will never change. Therefore, you can enjoy minimal costs, maximum returns, and total transparency. Also, Trade Nation does not charge any commission fees as the trading fees are built into the spreads. The only downside I would say is that you cannot get zero pip spreads which may matter to those of you who are scalper. If that is the case, you might want to consider IC Markets and Pepperstone as alternative options.
| Fee | Individual Account | Corporate Account |
|---|---|---|
| Commission (per standard lot per side) | $0 | $0 |
| Spreads from | 0.6 | 0.6 |
Deposit and Withdrawal Fees
Trade Nation has very low non-trading fees. For example, the broker does not charge any fees for account deposits and withdrawals. Also, traders can trade in the same currency as their trading account base currency to avoid paying any currency conversion fees.
Inactivity Fees
The broker does not charge an inactivity fee on dormant accounts. This is impressive as many brokers charge high fees for maintaining inactive accounts.
The broker provides traders with an in-house-developed trading platform and the popular MT4 trading platform to ensure seamless trading of the available financial assets. These trading platforms are available on desktop, web, and as trading apps.
Core Trader 2
This is the broker’s proprietary trading platform. It is available as a web trader, allowing traders to directly access the trading platform from their web browsers — Chrome, Safari, Firefox, and Edge — without downloading or installing any additional software. The platform is built with an intuitive user interface, making it ideal for traders of all levels of experience. Other exciting features of the broker’s proprietary trading platform include 12 interactive graph types, such as histograms and candle charts, multiple timeframes, and more. The demo account can be accessed from the platform, allowing traders to practice their various trading strategies without risking any funds
Platform features
- User-friendly
- Good search function
- Guaranteed Stops
- Web-based trading platform
- Demo account
MetaTrader 4
Launched in 2005, MetaTrader 4 is an award-winning trading platform that was developed by a trading software company known as MetaQuotes. The MT4 trading platform is reputed for being one of the choicest trading platforms for CFD brokers. It is replete with advanced trading features and functionalities, such as one-click trading, drawing tools, expert advisors, interactive charts, technical indicators, and more. Both new and experienced traders can seamlessly trade with the MT4 trading platform, thanks to its user interface that is very easy to navigate. The platform is also fully customizable, allowing you to easily tweak it to your preference and enhance your trading performance. The MT4 trading platform can be used on both demos and live accounts.
The MT4 trading platform is available as a desktop application for Windows and Mac computers, WebTrader that runs on modern web browsers, such as Chrome, Safari, Edge, and Firefox; and a mobile trading platform that is compatible with Android and iOS mobile devices, the mobile app can be downloaded from the relevant app stores and used to place trades and check trading positions anytime and from anywhere in the world as long as there is an internet connection. Hence, the mobile app is best suited for traders who wish to access their trading accounts while on the move.
Platform Features
- Expert advisors (MQL4)
- Thousands of plugin apps
- 85 pre-installed indicators
- Analysis tools
- Flexible order types
- 28 additional Smart Trader Tools
- Multiple chart setups to help you to control your position
- User-friendly trading interface
- Fully customizable
- Web, desktop, and mobile
- Hedging allowed
- Scalping allowed
Trade Nation Platforms Summary
| Platform | Trade Nation |
|---|---|
| MetaTrader 4 (MT4) | ✓ |
| MetaTrader 5 (MT5) | x |
| cTrader | x |
| Proprietary | ✓ |
| Desktop | ✓ |
| Web | ✓ |
| Mobile | ✓ |
| Social Trading | x |
| Other | x |
Trading Academy
The broker’s trading academy is available in the “Beginner’s Guides” section at the top of the broker’s website. It contains various educational resources, such as learning articles, trading guides, and more. This learning section covers various topics, such as CFD trading, spread trading, forex signals, trading signals, and guides on how to start trading.
News and Analysis
This section of the broker’s website is dedicated to providing traders with insights on the latest market updates. It features news articles that keep traders up-to-date with the latest happenings in the financial markets. I think it would be great if they added support for Trading Central or Autochartist. You can get free access to these fantastic market analysis tools through Forex.com.
Featured Guides
In this section, the broker presents a set of video tutorials written to help you get to know the Trade Nation platform. Here the broker shows you everything you need to know about their trading platform: from logging into your account to placing complex orders. It contains various learning articles that are updated from time to time.
FAQ
This is a comprehensive list of traders’ most common questions, along with their corresponding detailed answers. When you click on the FAQ tab, a web page that contains various commonly asked questions will open. It covers various topics, including trading, account management, account opening, platforms and tools, why trade with Trade Nation, and more.
Trade Nation Research and Education Summary
| Resources | Trade Nation |
|---|---|
| Market Analysis | ✓ |
| Guides | ✓ |
| Videos | ✓ |
| Webinars | x |
| Autochartist | x |
| Trading Central | x |
| Economic Calendar | x |
| Other (FAQs) | ✓ |
Trade Nation provides traders with a choice of multiple payment methods to ensure the ease of depositing and withdrawing funds to and from clients’ trading accounts. While there are no fees for deposits and withdrawals, traders should ensure that their trading accounts are denominated in any of the base currencies — United States Dollar, Euro, Great British Pound, Australian Dollar, New Zealand Dollar, Singapore Dollar, and Canadian Dollar — to avoid incurring any currency conversion fees.
To carry out your deposit and withdrawal transaction, you have to log into your Trade Nation account through your secure client portal. In the Client Portal, you will select your preferred deposit or withdrawal method to carry out the transaction. The following payment methods are available at Trade Nation for account deposits and withdrawals: bank wire, credit cards, and various electronic payment processors. The broker states that all deposits be made through the same method used for deposits. The minimum withdrawal amount is $50, while the minimum deposit starts from just $1.
The time taken to process transactions may vary depending on the payment method in use. For instance, bank wire transfers may take up to 1 to 3 days to be processed, while some e-wallet payments are instant and allow you to manage your funds in real-time. I would like to see them add support for crypto funding. If that is something that you are looking for then you may consider Pacific Union as an alternative option.
Trade Nation Funding Summary
| Payment Method | Deposit | Withdrawal |
|---|---|---|
| Wire Transfer | ✓ | ✓ |
| Credit/debit Card | ✓ | ✓ |
| Electronic Wallets | ✓ | ✓ |
| Cryptos | x | x |
Trade Nation is regulated in multiple jurisdictions as follows:
- Trade Nation is a trading name of Finsa Europe Ltd, a financial services company authorized and regulated by the Financial Conduct Authority (FCA).
- In Australia, Trade Nation is a trading name of Finsa Pty Ltd, a financial services company authorized and regulated by the Australian Securities and Investments Commission (ASIC).
- Trade Nation Financial (Pty) Ltd is authorized and regulated by the Financial Sector Conduct Authority (FSCA).
- Trade Nation Ltd is also authorized and regulated by the Securities Commission of the Bahamas (SCB).
Financial authorities like ASIC and the FCA are tier-1 regulators known for offering strict regulations.
However, the absence of a CFTC regulation is an indication that the broker cannot provide its services to US citizens or residents. If you are located in the USA, then IG would be my top broker of choice.
The broker ensures that client money is held in segregated bank accounts at Barclays Bank in London. Trade Nation Australia holds client money at Westpac in Australia.
Trade Nation Regulation Summary
| Regulator | Trade Nation |
|---|---|
| ASIC (Australia) | ✓ |
| IIROC (Canada) | x |
| CySEC (Cyprus) | x |
| SFC (Hong Kong) | x |
| JFSA (Japan) | x |
| MAS (Singapore) | x |
| FINMA (Switzerland) | x |
| FCA (UK) | ✓ |
| CFTC (USA) | x |
| Other (SCB and FSCA) | ✓ |
Trade Nation Safety
It is worth mentioning that Trade Nation has been operating since 2014, which means that the broker has bagged a wealth of experience as an online financial services provider. Trade Nation is regulated by the Financial Conduct Authority (FCA), the Australian Securities and Investment Commission (ASIC), the Financial Sector Conduct Authority Commission (FSCA), and the Securities Commission of the Bahamas (SCB). Therefore, Trade Nation is considered safe because several top-tier financial authorities regulate it.
While top-tier regulatory authorities like ASIC and FCA regulate the broker, Trade nation is yet listed and traded on any stock exchange in the world. It does not disclose its financial statements in public.
However, with its regulations from top-tier regulatory authorities like the FCA and ASIC, we can say that Trade Nation is a safe broker. This is because the broker is expected to comply with the strict regulatory policies of this tier-one financial authority. Their compliance with the policies of ASIC and other regulatory authorities offers an assurance of optimal transparency and secure trading.
Tier 1 regulation also mandates that all client funds are kept fully segregated from the broker’s corporate accounts in client trust accounts at top-rated banks. This helps to reduce the risk of financial fraud.
The Trade Nation customer support team is on hand 24 hours a day, Monday to Friday. They can be reached via telephone, email, live chat, and selected social media channels.
The support is knowledgeable, polite, and very responsive, which is a huge advantage. They are committed to responding to clients’ general, technical, and account-based inquiries.
Trade Nation is a regulated online trading broker that provides traders with a favourable trading environment. The broker allows their global clientele to buy and sell multiple financial instruments across different asset classes. They offer various educational resources and advanced trading platforms that are available in desktop, web, and mobile versions. Their clients also benefit from competitive trading conditions, such as tight fixed spreads, zero commissions, various live account options, demo account, multiple payment methods, and more.
Trade Nation has a global reach. This is evident through their regulation by the Financial Conduct Authority (FCA) in the UK, where they are also fully compliant with the European Securities and Markets Authority (ESMA). Trade Nation is licensed under the Australian Securities and Investments Commission (ASIC), the Financial Sector Conduct Authority (FSCA) in South Africa, and the Securities Commission of the Bahamas (SCB). Trade Nation does not charge a commission fee as the cost is already included within the fixed spread. They also do not charge for deposits or withdrawals. The minimum deposit required to start trading is just $1.
