Trade Nation provides two different account types, an Individual account for retail customers and a Corporate account for corporate clients. Trade Nation offers accounts in GBP, USD, EUR, AUD, and ZAR as well as DKK, NOK, SEK.
Min Deposit
USD 0
Regulators
FCA, ASIC, FSCA, SCB, FSA
Trading Platform
MT4, Trade Nation Platform
Crypto
Yes
Total Pairs
33
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Trade Nation Account Types vary according to what traders require. Trade Nation is global forex, indices, commodities, and shares broker based in London, United Kingdom. Trade Nation is considered safe because it is regulated by several top-tier financial authorities.
Choose your quick section of our Trade Nation Account Types below.
Trade Nation Account Types – 9 key points quick overview
Overview
Here is an overview of the Trade Nation Account types as well as the treading features and benefits offered for each account.
Overview
Trade Nation was founded in 2014 and is regulated in several countries, where it has offices and render services.
In the United Kingdom, Trade Nation is regulated by the Financial Conduct Authority (FCA), in Australia by the Australian Securities and Investment Commission (ASIC), in South Africa by the Financial Sector Conduct Authority Commission (FSCA), and by the Securities Commission of the Bahamas (SCB).
The broker first known as Core Spreads until 2019, but since then it has expanded worldwide under the current name of Trade Nation.
With branches all around the world, the broker wants to instill a sense of a community united in one global trade nation among present and potential clients in all countries.
The broker boasts about providing straightforward market access to traders through removing unnecessary and complicated jargon and assisting with sufficient customer support throughout the whole trading process.
Trade Nation offers the popular MetaTrader 4 as well as its own CoreTrader2 trading platform and promises to be transparent about its trading options. Therefore, it supplies a market information sheet with details of every instrument, associated spreads, and trading hours.
Instruments that can be traded include 33 forex pairs, 23 popular indices (cash and future), 8 differential indices, 9 commodities (energy and metals), and 3 bond options.
The maximum leverage ratio that can be used by Trade Nation clients depends on the trader’s country of residence and consequently on the financial authority that regulates the customer’s account.
For accounts regulated by the FCA, a leverage ratio of up to 1:30 is available, which is the limit imposed by this regulator. For ASIC, FSCA, and SCB accounts, a leverage ratio of up to 1:200 may be used.
In the UK, Trade Nation as a trading name of Finsa Europe Ltd also provides an £85 000 deposit protection scheme through the FSCS. There is however no such compensation scheme for accounts registered elsewhere under the other authorities.
Account Types
Trade Nation claims to offer a simple account structure but does not give clear information on the account features.
It mentions two types of accounts, being a low-leverage account with leverage up to 1:30 and one with high leverage (up to 1:200). Further, it can be ascertained that the broker offers different account types for retail customers and for corporate clients.
Signals and Auto Trading are used, but no Social Trading or an option to open Islamic Accounts are provided.
Account Features
Although little information on account types is provided on the website, it seems that market access, fees, and trading tools are the same across each account, whether an Individual account or Corporate account is opened.
Customers applying for the high leverage accounts, it is outside the FCA regulation, will not benefit from the reputable regulation or financial compensation scheme.
Other features of Trade Nation accounts include the following:
| 🟢 Straightforward market and spreads information are provided |
| 🟢 New traders can make use of a vast range of educational tools |
| 🟢 Traders can rely on excellent customer support |
| 🟢 No minimum deposit is required to open an account |
| 🟢 Cashback rewards can be earned |
A few drawbacks to be aware of when dealing with this broker include the following:
| 🔴 Offers no cryptocurrency trading |
| 🔴 There are no account tiers |
| 🔴 No option to open an Islamic Account provided |
Since there are no minimum deposits required, Trade Nation’s accounts are easily accessible for a wide range of traders. Although long, the account opening process at Trade Nation is fully digital and acceptance can be verified within one business day.
Islamic Account
Trade Nation does not offer traders who follow the Sharia law the option of an Islamic Account.
Often an Islamic account is provided as an option where traders can convert their live trading account to an Islamic Account, or in other cases, it is a standalone account with a separate application procedure.
The purpose of an Islamic Account is that it caters explicitly to Muslim traders who follow the strict rules of Sharia law.
These rules prevent followers from paying any type of interest, such as overnight fees, which are seen as exploitive or wasteful.
Overnight fees are charged when traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should traders hold positions open for longer.
Brokers offer an Islamic Account only to Muslim traders who follow Sharia law.
Traders must, however, take note that there are certain features indicated on the Islamic account which may differ vastly from the other individual account types, such as minimum deposits, spreads and more.
Traders who are interested in registering for an Islamic account must contact the broker’s customer support team to verify the availability and current conditions of such an account as conditions may have changed from the time of writing.
Demo Account
Trade Nation offers traders the option to open a demo or practice account which can be utilized in several ways, including the following:
A practice account for beginner traders who wish to hone their trading skills and gain experience in a risk-free environment using virtual funds.
Traders who want to evaluate and compare brokers and would like to explore Trade Nation’s trading conditions in a risk-free environment.
Traders who want to test their trading strategies in an imitated live trading environment without risking their own capital.
Min Deposit
USD 0
Regulators
FCA, ASIC, FSCA, SCB, FSA
Trading Platform
MT4, Trade Nation Platform
Crypto
Yes
Total Pairs
33
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
How to open an account
Similarly, to a bank, to register a forex trading account with Trade Nation for the first time, you will be required to go through a basic “know your customer” process, which will allow Trade Nation to ascertain that your submitted details and ensure the safety of your funds and account details.
Step 1 – Click on the “Trade Now” tab
Visit the official Trade Nation website and click on the “Trade Now” tab located at the top of the website.
Step 2 – Enter your details.
To get started you will have to fill in your name, last name, email and create a password for your account.
Step 3 – Confirm your account.
Once you have filled in your details you can confirm your account by clicking on the “get started” tab sent to you via email.
Step 4 – Login with your email and password.
You will now be able to enter your email and password to login to your Trade Nation account.
Step 5 – Choose your country of Residence.
Once logged in you will now enter your country of residence before you can continue to the next step.
Step 6 – Choose your account type.
Choose whether you want to start trading now or start on a practice account first.
Step 7 – Enter all your personal details.
You will now be able to enter all the rest of your personal details.
Step 8 – Your account has been created.
Once you have filled in all your information, you can start trading.
Trade Nation at a glance
| 🚀 Broker's name | Trade Nation |
| 📍 Headquarters | London, England |
| 📅 Year founded | 2014 |
| ✔️ Regulating authorities | FCA, ASIC, FSCA and SCB |
| ❌ Countries not accepted for trade | US, Canada, Belgium, New Zealand, Algeria, Iran, Syria, or North Korea. |
| 📈 Demo account | Yes |
| 📈 Islamic account (swap free) | No |
| 📈 Institutional accounts | Yes |
| 📈 Managed accounts | Yes |
| 📊 Maximum leverage | 1:500 Seychelles |
| 💳 Minimum deposit | $0 / No minimum deposit |
| 💳 Deposit options | Credit Card, Visa, Mastercard, Wire Transfer, Skrill, Crypto deposits |
| 💳 Withdrawal options | Credit Card, Visa, Mastercard, Wire Transfer, Skrill |
| 📈 Platform(s) provided | MT4, CoreTrader2 |
| 📱 OS compatibility | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad. |
| 💰 Tradable assets offered | Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds |
| 📙 Languages supported on the website | English |
| ☎️ Customer support languages | English |
| ☎️ Customer service hours | 24/5 |
| 🚀 Open an account | 👉 Click Here |
Trade Nation Pros and Cons
| ✔️ Pros | ❌ Cons |
| Good customer support is provided | High forex fees are applicable |
| Good research and education tools provided | No choice regarding account types and features |
| Low stock and index CFD fees charged | No live chat option on the website |
| No deposit and withdrawal fees charged | Not a large product portfolio |
| No inactivity fees charged | |
| No minimum deposit is required | |
| Regulated by several authorities |
Conclusion
Trade Nation provides five different account types with each account type offering its own features. Trade Nation is challenging industry norms by being transparent and honest. It offers competitive, fixed spreads for a range of markets and has several measures in place to support customers.
You might also like: Trade Nation Demo Account – Step by Step
You might also like: Trade Nation Fees and Spreads
You might also like: Trade Nation Minimum Deposit
You might also like: Trade Nation Sign up Bonus
You might also like: Trade Nation Review
Frequently Asked Questions
Can traders from South Africa open accounts with Trade Nation?
Yes, South African traders are welcome to open a live trading account with this broker. No minimum deposit requirement.
Does Trade Nation offer leverage?
Yes, maximum leverage of up to 1: 30 (under FCA regulation) and 1:200 (other regulated areas).
Does Trade Nation offer a demo account?
Yes, this broker does offer a demo account.
Can I convert my demo account to a live trading account with Trade Nation?
This is not clear from the information on the company homepage.
Which live trading accounts does Trade Nation offer?
- Individual accounts
- Corporate accounts
Does Trade Nation offer an Islamic Account?
No Islamic account option is available from Trade Nation
What are the available deposit currencies for a live trading account?
USD, GDP, EUR, DKK, SEK, NOK, AUD, and ZAR.
How do you make a deposit and withdraw money with Trade Nation?
Trade Nation offers the following deposit and withdrawal methods:
- Credit Card
- Visa
- Mastercard
- Wire Transfer
- Skrill
Does Trade Nation charge withdrawal fees?
No, Trade Nation charges no withdrawal fees. The minimum withdrawal amount is $50, or 50 units of the account base currency.
How long does it take to make a withdrawal?
Debit card withdrawals can take from 2 to 3 business days.
How many instruments can I trade with Trade Nation?
You can trade several different instruments with Trade Nation, which include the following:
- Forex
- CFDs
- Indices
- Shares
- Commodities
- Futures
- Bonds
Top 4 Brokers
