Trade Nation Review 2024

Quick Links

• Our Review Method

• What is Trade Nation?

• Trade Nation Review Summary in 12 Points

• Overall Trade Nation Ranking

• Is Trade Nation Safe or a Scam?

• Client Trading Protection

• Accounts

• Fees

• Deposits and Withdrawals

• Trading Platforms

• Trading Tools

• Customer Support

• Trade Nation Education

• Trade Nation Review Conclusion

Our Review Method ▲

Our comprehensive review process aims to provide an unbiased evaluation of Trade Nation, taking into account a wide array of aspects. We meticulously analyze the broker's services against a backdrop of over 1000 brokers to offer a clear, thorough perspective. Our findings are grounded in rigorous research, ensuring that our recommendations and critiques are both insightful and reliable.

What is Trade Nation? ▲

Established in 2014 originally as Core Spreads and rebranded to Trade Nation in 2019, this Forex and CFD trading broker has carved out a niche in the global market. Trade Nation offers an extensive portfolio of trading products including Forex, CFDs, indices, commodities, metals, stocks, and bonds. With a global reach, the broker has set up local entities to cater to traders in the UK, Australia, South Africa, the Bahamas, among other international destinations. Recognized for its competitive offerings and reputable service, Trade Nation stands out as a comprehensive financial solutions provider to a diverse clientele worldwide.

Pros

• Offers a wide range of trading instruments across various financial markets

• Competitive trading costs and conditions

• Advanced trading platforms available, including MT4 and the proprietary TN Trader

Cons

• Trading conditions may vary depending on the entity

• Market fluctuations can impact returns when trading internationally

• Lacks 24/7 customer support

Trade Nation Review Summary in 12 Points ▲

• Headquarters: UK

• Regulation: FCA, ASIC, FSCA, SCB, FSA

• Platforms: MT4, TN Trader

• Instruments: Forex, CFDs, indices, commodities, metals, stocks, bonds

• EUR/USD Spread: 0.6 pips

• Demo Account: Available

• Minimum deposit: $0

• Base currencies: USD, GDP, EUR

• Education: Provided

• Customer Support: 24/5

Overall Trade Nation Ranking ▲

Trade Nation secures a reputable spot in the brokerage industry through its extensive financial solutions, competitive costs, and diverse trading instrument selection. The added assurance of top-tier FCA and ASIC licenses bolsters its credibility and trustworthiness. Our comprehensive assessment places Trade Nation's overall ranking at 8.5 out of 5, positioning it as a compelling choice among over 1000 brokers.

Is Trade Nation Safe or a Scam? ▲

Trade Nation is not a scam. It is a trustworthy and secure broker, regulated by the top-tier FCA in the UK and ASIC in Australia, alongside additional licenses that facilitate its global operations. The stringent rules and regulations enforced by these authorities provide a layer of security, ensuring the broker's compliance with the highest standards in the financial industry. This regulatory oversight instills additional confidence in the broker’s operations, affirming its commitment to regulatory adherence.

Client Trading Protection ▲

Trade Nation's regulation in 5 jurisdictions, including ASIC and FCA, mandates a high level of client trading protection. The broker is obligated to treat customers fairly, adhering strictly to the rigorous requirements set by each regulator. Regular audits, segregated trust accounts for client funds, and partnerships with top-tier banks like Barclay’s in the UK and Westpac in Australia are part of the broker's efforts to safeguard client assets. Moreover, Trade Nation provides negative balance protection to all retail client trading accounts, further enhancing the security of client investments.

Accounts ▲

Account Types

In our analysis, traders have the option to select from Individual, Professional, and Corporate account types. Additionally, the broker offers a Demo account at no cost, enabling traders to hone their trading skills and experiment with various strategies through simulated trades.

Opening Trade Nation Trading Account

Creating an account with the broker is a straightforward process. To register with Trade Nation, simply log in and follow these guided steps:

• Select and click on the “Trade Now” page

• Enter the necessary personal information (Name, email, phone number, etc.)

• Confirm your personal details by uploading documentation (proof of residence, ID, etc.)

• Complete the electronic questionnaire to confirm your trading experience

• Once your account is verified and activated, proceed with depositing funds.

Trading Instruments

Trade Nation offers a vast range of trading instruments through FX and CFD models, including FX pairs, indices, commodities, metals, stocks, bonds, and more. The market range of Trade Nation is valued at 4.0 out of 5 for its comprehensive assortment of Forex and CFD instruments, though it is important to note there may be variations in offerings across different entities.

Fees ▲

Trade Nation Fees

Our review of the broker's fee structure reveals that Trade Nation provides competitive pricing across most of its trading services with minimal commissions. Moreover, Trade Nation does not impose fees for deposits and withdrawals. However, fees related to transferring funds to and from your trading account may still apply.

Trade Nation's fee structure received a low rating, with an overall score of 4.3 out of 5 in our evaluation, comparing favorably to over 1000 other brokers. Fees and commissions are subject to variation based on the specific entity offering. Below are detailed findings of fees and pricing.

Spreads

Our test trades show that Trade Nation offers low fixed spreads, averaging 0.6 pips for EUR/USD. Unlike variable spreads, which can significantly widen by the time you close your position, fixed spreads remain constant.

Trade Nation's spreads are considered low or average, with an overall score of 4.3 out of 5 in our comparative analysis with other brokers. We noted that Forex spreads are below the industry average, and spreads for other instruments are also competitive.

Deposits and Withdrawals ▲

The broker enables clients to fund their trading accounts using debit cards, credit cards, and bank transfers. Deposits through Skrill are also accepted. Credit/debit card payments are instant, whereas bank transfers may take several days to process.

Trade Nation's funding methods were evaluated as good, achieving an overall score of 4.0 out of 5. The fees are low, and traders can benefit from various account-based currencies. Here are some positive and negative points identified for Trade Nation's funding methods:

Trade Nation Minimum Deposit

Trade Nation does not specify a minimum deposit for new investors. Traders are only required to have enough funds to meet the margin requirements of their trades. This is in contrast to most other brokers, which typically enforce a minimum deposit of $500.

Trade Nation Withdrawals

Trade Nation levies no charges for either deposits or withdrawals. The broker's minimum withdrawal amount is set at 50 units of the account base currency.

Withdraw Money from Trade Nation Step by Step

To withdraw funds from your trading account, Trade Nation provides a series of typical steps:

• Login to your account

• Select 'Withdraw Funds' in the menu tab

• Enter the amount to be withdrawn

• Choose the withdrawal method

• Complete the electronic request with the required information

• Confirm withdrawal details and submit

• Monitor the current status of the withdrawal through your Dashboard

Pros

• Competitive pricing with low commissions

• No fees for deposits and withdrawals

Cons

• Variation in offers between different entities

• Potential fees associated with fund transfers

Trading Platforms ▲

Traders have the opportunity to engage with both the proprietary TN Trader and the universally acclaimed MetaTrader4 platform. These platforms are accessible across various devices including desktop, web, and mobile, offering leading indicators, oscillators, automated trading options, and expert advisor strategies. This comprehensive suite of tools enables traders to navigate and execute trades with ease and precision. Additionally, each platform is equipped with mobile trading applications, ensuring traders have the flexibility to trade from anywhere, anytime.

Trade Nation's platforms are highly regarded, achieving a commendable score of 4.3 out of 5 when evaluated against over 1000 other brokers. This rating is attributed to the inclusion of the popular MT4 trading platform, renowned for its adaptability across numerous trading strategies.

Trading Tools ▲

Trade Nation stands out for its extensive array of trading tools designed to support traders in making well-informed decisions and fine-tuning their trading tactics. Among these tools are sophisticated charting capabilities, advanced order types and execution processes, strategy automation features, and much more. Additionally, traders benefit from access to real-time data feeds, comprehensive risk management tools, economic calendars, and a wealth of other invaluable resources aimed at elevating the trading experience and boosting overall trading performance.

Customer Support ▲

A cornerstone of Trade Nation's client-focused philosophy is its competent customer service. Available through a variety of channels including Online Live Chat, Phone, and email, the broker's team offers support 24/5 in multiple international languages. This service is accessible via Live Chat, email, and phone lines in Australia, the UK, and other international locations. Trade Nation's customer support has earned a solid rating of 4.0 out of 5, thanks to rapid and informed responses during testing. However, it's worth noting the absence of weekend support as a potential limitation.

Trade Nation Education ▲

On the educational front, Trade Nation's offerings are somewhat limited, focusing primarily on providing technical and fundamental analysis and insights. The broker's website lacks a broad range of educational and research materials, seminars, or webinars which are crucial for traders aiming to enhance their trading skills and knowledge. Consequently, Trade Nation's educational resources are rated at 3.5 out of 5. Traders, especially beginners, may need to look elsewhere for more comprehensive learning materials.

Trade Nation Review Conclusion ▲

In conclusion, Trade Nation presents itself as a dependable Forex broker, delivering a competitive trading environment, a diverse selection of popular trading products, and relatively low trading fees for both retail and institutional clients. The broker's provision of the acclaimed MT4 trading platform, complete with advanced features and tools, makes it an attractive option for traders at various levels of experience. The flexibility offered by no minimum deposit requirement and multiple funding methods further enhances its appeal.

However, potential clients should be aware of variations in trading conditions across different entities, particularly as the broker operates entities in offshore zones, which may offer lower levels of security compared to its UK or Australian entities. Additionally, the lack of 24/7 customer support and comprehensive educational resources are drawbacks worth considering.

Overall, Trade Nation offers a robust platform for traders looking to confidently navigate the financial markets. Nevertheless, it is advisable to conduct in-depth research to ensure the broker meets your specific trading needs, given the possible differences in conditions across its various entities.

Based on our comprehensive analysis and insights from financial experts, Trade Nation is particularly well-suited for:

• Traders from the UK

• Traders from Australia

• Users of the MT4 trading platform

• International traders

• Those interested in CFD and currency trading

• Beginner traders

• Institutional trading

• Seeking competitive spreads

• In need of good trading tools

• Favoring EA/Auto trading