Trade Nation Account Types 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, and SEK.
- 💰 Min Deposit: R500
- 📈 Leverage: Up to 1:500
- 🏦 Regulators: FCA, ASIC, FSCA, SCB
Trade Nation Account Types – key points, quick overview
Overview
- According to research in South Africa, Trade Nation is a global forex, indices, commodities, and shares broker based in London, United Kingdom. The broker was known as Core Spreads until 2019, but since then, it has expanded worldwide under the current name of Trade Nation.
- Trade Nation was founded in 2014 and is regulated by top-tier financial authorities: 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 boasts about providing straightforward market access to traders by 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 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 futures), 8 differential indices, 9 commodities (energy and metals), and 3 bond options.
Trade Nation Accounts
- A forex account at Trade Nation is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading in currencies.
- Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.
- Often, the number and type of accounts that a trader can open with a broker company differ depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls.
- Trade Nation offers a simple account structure with only two types of accounts available – the low leverage (up to 1:30) and high leverage (up to 1:200) accounts. Customers do not benefit from reputable regulation or financial compensation schemes when applying for high-leverage accounts. Market access, fees, and trading tools are the same for both accounts.
Trade Nation accounts include the following:
| 🌐 Account Type | 👤 Suitable For | 📝Sign up | 💵 Minimum Deposit | 💰 Spread Type |
| 🟦 Standard Account | Beginner & Intermediate | 👉 Open Account | $0 | Fixed |
| 🟨 Professional Account | Experienced Traders | 👉 Open Account | Varies (Eligibility Required) | Fixed |
| 🕋 Islamic Account | Muslim Traders (Swap-Free) | 👉 Open Account | $0 | Fixed |
| 🧪 Demo Account | New Traders (Practice) | 👉 Open Account | No deposit needed | Fixed |
- 💰 Min Deposit: R500
- 📈 Leverage: Up to 1:500
- 🏦 Regulators: FCA, ASIC, FSCA, SCB
How to open a Trade Nation account, step by step
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 – Log in with your email and password.
You will now be able to enter your email and password to log in 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.
- 💰 Min Deposit: R500
- 📈 Leverage: Up to 1:500
- 🏦 Regulators: FCA, ASIC, FSCA, SCB
Trade Nation at a Glance
| 🚀 Broker's name | |
| 📍 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 | R500 |
| 💳 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 |
| 📝Sign up | 👉 Open Account |
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 |
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
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
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