Overall, Trade Nation is considered a low-to-medium risk broker with an overall trust score of 79 out of 99. Trade Nation can be summarised as trustworthy and reliable broker being regulated and licensed by the FCA, ASIC, FSCA, and SCB (high trust).
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 |
Choose your quick section of our Trade Nation review below.
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 Review – 20 key points quick overview:
Who is Trade Nation?- Safe or Scam
- Trade Nation Pros and Cons
- Leverage
- Accounts
- Market Instruments
- Fees
- Trade Nation VS Exness VS FBS – Comparison Table
- Best Countries by Traders
- Customer Reviews
- Deposit and Withdrawal
- Trading Platforms
- How to open an account
- Customer Support
- Education
- Research
- Awards
- Conclusion
- Disclaimer
- Frequently Asked Questions
Who is Trade Nation?
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 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 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 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 a £85 000 deposit protection scheme through the FSCS. There is however no such compensation scheme for accounts registered elsewhere under the other authorities.
WelcomeBonus
Trade Nation currently offers a bonus available to new Seychelles clients (50% up to $5,000).
Safe or Scam
One of the best benchmarks to measure the safety of a broker like Trade Nation is to establish which regulating authorities are watchdogs over its actions.
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).
In the UK, Trade Nation, through Finsa Europe Ltd, provides a £85 000 deposit protection scheme through the FSCS but there is no compensation scheme for accounts registered elsewhere under other authorities.
Trade Nation Pros and Cons
| ✔️ Pros | ❌ Cons |
| Cashback rewards available | The desktop platform lacks safer login |
| Excellent research and education tools | High forex fees |
| Free deposit and withdrawal | No account tiers |
| Good customer support | No cryptocurrency trading |
| Low stock and index CFD fees | |
| No minimum deposit prescribed |
Leverage
Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.
Leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. If you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.
Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g., 5% or 1%), and you must have funds in your trading account to ensure sufficient margin.
For example, on a 1% margin, a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal or more than 100% to be able to open new trades, otherwise, your trading account will be fully hedged.
Trade Nation offers a maximum leverage ratio of 1:500 Seychelles.
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 on currencies.
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 |
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 if applying for high leverage accounts. Market access, fees, and trading tools are the same for both accounts.
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
Market Instruments
The most popular market instruments available from most brokers for trading include:
Forex:
Forex trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies, and financial institutions exchange currencies for one another at floating rates.
Commodities:
Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and play a significant role in portfolio diversification and risk management. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.
Indices:
Equity, or stock indices, are actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.
Cryptocurrencies:
| 🟢 Bitcoin (BTC) is the digital currency with the largest market capitalization. |
| 🟢 Litecoin (LTC) is like Bitcoin but differs in terms of scalability |
| 🟢 Ripple (RPL) is popular among big banks with the Ripple network a next-generation real-time gross settlement system. |
| 🟢 Ethereum (ETH) is the second-largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform. |
| 🟢 Bitcoin Cash (BCH) was created by the Bitcoin hard fork in 2017 as an updated version of the blockchain with different rules. |
Fees
Cost depends on several factors, like spread and margins, and Trade Nation clients may also experience different fee structures according to their country or place of residence.
The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move.
| Trade Nation | |
| 📊 Account fee | No |
| 📈 Inactivity fee | No |
| 💳 Deposit fee | $0 |
| 💸 Withdrawal fee | $0 |
Margin is the amount of money required in your account to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position and the leverage applied to your trading account.
Trade Nation offers low, fixed spreads, starting from 0.6 pips for both the EUR/GBP and EUR/USD spread. A market information sheet provides comprehensive spread details.
The company’s only other charge is overnight interest applied to trades. The amount depends on the market being traded and the direction of the trade.
Trade Nation VS Exness VS FBS – Comparison Table
| 🥇 Trade Nation | 🥇 Exness | 🥇 FBS | |
| 🗺️ Regulatation | FCA, ASIC, FSCA and SCB | CySEC, FCA, South Africa FSCA, the Seychelles FSA, the BVI Financial Services Commission and the Central Bank of Curaçao. | IFCS |
| 💰 Minimum Deposit | $0 | $10 | $1/ ZAR R16 |
| 🚀 Welcome Bonus | Point System | No | $140 |
| ☪️ Islamic Account | No | Yes, available | Yes |
| 📊 Leverage | 1:30 (FCA regulated), 1:200 (elsewhere) | 1:Unlimited | 1:3000 |
| 💰 Withdrawal fee | No | Yes | yes |
| 💰 Spreads | 0,6 pips. | The minimum spread across all accounts is 0.1 pips | 3 pips |
| 💳 Demo Trading Account | Yes | Yes | yes |
| 📒 Account Types | Low Leverage and High Leverage | Standard, Cent, Raw, Zero and Professional Account | Cent, Micro, Standard, Zero Spread, ECN, and Crypto Account |
| 📊 Comissions | Varies | $3.5 dollars / R56 ZAR | $80 dollar / R1280 ZAR per each lot traded |
Best Countries by Traders
| 📍 South Africa |
| 📍 Philippines |
| 📍 Italy |
| 📍 Malaysia |
| 📍 United Kingdom |
⭐ Customer Reviews ⭐
Outstanding Customer Service
I have found TN to have a clean, simple to use product, but that alone is not sufficient a differentiator – what puts them streets ahead is the outstanding customer service! It is quick, courteous, professional and helpful – you could not ask for more!!! Keep it up, guys and girls!
Great Service
Good day, I received great service last week regarding my open position on a future. The TradeNation consultant was proactive by calling to advise me that the future was going to expire and he assisted with rolling over my position.
Quick responses within 30 minute time…
Quick responses within 30 minute time intervals. Professional. Clear in requests and explanations. Premium service. Thank you Team.
Deposit and Withdrawal
Trade Nation deposit options
| Trade Nation | |
| Bank transfer | ✔️ Yes |
| Credit/debit card | ✔️ Yes |
| Electronic wallets | ✔️ Yes |
Trade Nation withdrawal options
| Trade Nation | |
| Bank transfer | ✔️ Yes |
| Credit/debit card | ✔️ Yes |
| Electronic wallets | ✔️ Yes |
| Withdrawal fee | $0 |
Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done with the same ways, but sometimes differ.
In the case of Trade Nation, they allow credit and debit card deposits using Visa and Mastercard. Funds can also be deposited via bank transfer or with the digital wallet Skrill. Credit and debit card deposits are instant, while bank transfers can take up to 3 business days to reach the Trade Nation account.
There is no minimum deposit requirement, making Trade Nation’s account accessible for more traders.
Withdrawals are returned to the same deposit source (card, Skrill or bank transfer) to reduce the risk of fraud. Withdrawals can take up to 5 business days to arrive in an account, but the broker does charge any fees for deposits or withdrawals.
Trading Platforms
The forex trading platform provided by Trade Nation to its clients is in essence the software to carry out their trades. Some brokers provide only one, and others quite a few platforms.
A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.
Trade Nation provides its own trading platform called Cloud Trade and the popular MetaTrader 4.
The Trade Nation Platform is intuitive and provides flexible charting functionality through a sleek user interface. It offers interactive graph types, the ability to vary timescales from one minute to one month and a broad selection of drawing tools so that trades can be executed quickly.
The broker also provides the popular MT4 platform for forex trading. MetaTrader 4 is favored among traders due to its customizable and interactive charts and the ability to run trading robots. It offers a selection of 30 built-in indicators and 2,000 free custom indicators for market analysis, as well as 24 analytical objects for detecting market trends.
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.
Customer Support
Potential traders need to make sure the broker company they chose will offer sufficient support whenever they need it.
In the case of Trade Nation customers can reach the support team 24/5 (Sunday 10 pm – Friday 10 pm, GMT) via live chat service, email, or telephone.
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
Education
Before starting to trade, potential clients of Trade Nation should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.
Trade Nation offers a selection of online educational tools including a jargon buster page and a wide range of articles that can be searched by categories and include market updates, company news and how to trade safely.
Trade Nation supplies several demonstration videos on how to use their platform too.
Research
To be able to trade with confidence, traders should do as much as possible research about this kind of speculative trading before commencing, but also preceding every daring deal to ensure that they do not lose money unnecessarily and trade as profitable as possible.
With Trade Nation they have access to Smart News on their trading platform and app. Smart News provides insights that keep traders ahead of the market, and ‘alternative news’ acquired from independent sources. Trade Nation provides customers with specific threads relevant to their trading interests that might provide new market insights.
Awards
Being an awarded company instills extra confidence by traders. Although customers acclaim Trade Nation, there is no indication of awards won on its homepage.
Conclusion
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, such as the one-to-one walk-through of the demo account and extensive video demonstrations.
The broker is properly regulated and an excellent choice, especially for customers new to the industry.
Disclaimer
Trade Nation warns potential customers that Forex and CFDs trading always carries a substantial risk and may not be suitable for all investors.
Before deciding to trade with Trade Nation, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.
Trade Nation warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable.
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Frequently Asked Questions
TRADING ENVIRONMENT
Which instruments can I trade with Trade Nation?
Trade Nation instruments incl:
- Forex
- CFDs
- Indices
- Shares
- Commodities
- Futures
- Bonds
Which platforms are supported by Trade Nation?
Trade Nation provides the following popular trading platforms:
- MT4
- Trade Nation Platform
Does Trade Nation offer leverage?
Yes, Trade Nation offers a maximum leverage of up to 1: 500.
What spreads can I expect with Trade Nation?
Trade Nation offers different spreads on its various accounts, starting from 0.6 pips.
Does Trade Nation charge a commission?
No.
Are there additional charges on the Islamic account?
Trade Nation does offer an Islamic Account. Some brokers charge extra fees on Islamic accounts – are either in wider spreads, additional commissions, or administration fees to make up for money that they lose with not charging overnight fees.
Is Trade Nation regulated and by whom?
Trade Nation is regulated by FCA, ASIC, FSCA and SCB.
Is Trade Nation a recommended forex trading broker for experts and beginners?
Trade Nation offers a fair-trading environment for most types of traders.
What is the overall rating out of 10 for Trade Nation?
6/10.
ACCOUNTS
What is the difference between a demo and a live trading account?
A demo account as is offered by broker companies like Trade Nation is usually funded with virtual money and gives a prospective customer the opportunity to experiment with the company’s trading platforms and its features, before setting up a real account that needs to be funded with the customers own real money.
Does Trade Nation offer a demo account?
Yes.
How long is the demo account valid?
The demo account can be used unlimited.
Which live trading accounts does Trade Nation offer?
- An account with low leverage (up to 1:30)
- An account with leverage (up to 1:200)
Does Trade Nation offer an Islamic Account?
Yes, Trade Nation offers a Islamic account
What are the available deposit currencies for a live trading account?
Trade Nation deposit currencies incl: ZAR, USD, GBP, SEK, EUR, AUD, NOK, DKK.
DEPOSITS AND WITHDRAWALS
What is the minimum deposit required to open an account with Trade Nation?
Minimum deposit requirement is $1 / ZAR 15 at the current exchange rate at the time of writing.
How do you make a deposit and withdraw money with Trade Nation?
Trade Nation offers the following deposit and withdrawal methods:
- Credit Card
- Mastercard
- Skrill
- Visa
- Wire Transfer
- Crypto
Does Trade Nation charge withdrawal fees?
No, but fees from financial institutions may be applicable and more information about applicable costs can be obtained from the company’s customer service team.
How long does it take to make a withdrawal?
Usually, withdrawals take up to 5 business days.
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