Trade Nation Broker Review

Author By Jeffrey Cammack
Updated: September 24, 2021
Overall Rating
4.05 4.05 / 5
Rated #36 of 69 Recommended Brokers
Min. Deposit
USD 5
Regulators
Trading Desk
Trading Cost
USD 6
Website Language
English
Support Language
English
AlertAccepts Malaysian Clients. Average spread on the EUR/USD is 0.60 pips on trading account with the lowest minimum deposit of 5 USD. Max leverage 200:1. Islamic account not available. MT4/Trade Nation platforms supported. Trade Nation is regulated by FCA, ASIC, FSCA & SCB .

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Summary

Trade Nation is a well-regulated CFD and FX broker, offering multi-asset trading on forex, commodities, indices, shares, futures, and bonds. A market maker, Trade Nation’s transparency and fairness surpass that of other brokers.  Offering full support for the MT4 and its own proprietary platform, Trade Nation has one live commission-free account.  Accounts are denominated in USD, EUR, DKK, and SEK, and it boasts competitive fixed spreads, at 0.60 pips for the EUR/USD.  Trade Nation also offers high leverage with no required minimum deposit. 

Trade Nation’s educational guides, demo accounts, and walk-through customer support make it a good choice for beginner traders, and it does not charge withdrawal or deposit fees. 

Note that Trade Nation does not offer Islamic Swap-Free accounts.

Reviews

Regulation
11110.54.5/ 5
Trading Conditions
11110.54.5/ 5
Trading Platforms
11110.54.5/ 5
Deposit & Withdrawal
11110.54.5/ 5
Education & Research
110.5002.5/ 5
Assets Available
1110.503.5/ 5
Customer Service
1110.503.5/ 5
Beginner Friendly
Standard
Bonuses
None

Account Information

Base Currencies
USD, EUR, DKK, SEK, EUR
Number of FX Pairs
33
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Min. Spread
0.60 pips
Commission
Fees Included in Spread
EUR/USD
0.6 pips
GBP/USD
0.8 pips
USD/JPY
0.7 pips
Max. Leverage
200:1

Company Details

Company Name
Finsa Europe Ltd
Founded
2014
Office Locations
United Kingdom, Australia, South Africa, Bahamas

Pros

  • Tight spreads

Cons

  • Limited account options
  • Limited demo account
  • No swap-free account option

Is Trade Nation safe?

Founded in 2020 and headquartered in the United Kingdom, Trade Nation is regulated by various top-tier authorities including the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Financial Sector Conduct Authority (FSCA) in South Africa, and the Securities Commission of the Bahamas. It is also fully compliant with the European Securities and Markets Authority (ESMA). See the following list of Trade Nation registered companies:

  • Trade Nation is a trading name of Finsa Europe Ltd, a financial services company authorised and regulated by the Financial Conduct Authority under firm reference number 525164.
  • Trade Nation is a trading name of Finsa Pty Ltd, a financial services company authorised and regulated by the Australian Securities and Investments Commission, ACN 158 065 635, AFSL No. 422661.
  • Trade Nation Financial (Pty) Ltd, registration number 2018/418755/07, is authorised and regulated by the Financial Sector Conduct Authority, FSP No 49846.
  • Trade Nation Ltd, registration Number 203493 B, is authorised and regulated by the Securities Commission of the Bahamas, SIA-F216.

Trade Nation deposits all client funds in segregated bank accounts and offers negative balance protection, which means that clients can lose all, but not more than the balance of their trading account.

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Group Regulators
Trading Desk
Website
Year Founded
Office Locations
Inactivity Fee
FCA
ASIC
FSCA
SCB
Market Maker
2014
United Kingdom, Australia, South Africa, Bahamas
None

 

Trading Conditions

Trade Nation essentially offers trading on one commission-free account, with a maximum leverage of 200:1.  Trade Nation boasts fixed spreads of 0.60 pips for the EUR/USD but charges an overnight interest fee of 2.5%.  Full support is offered for the MT4 and Trade Nation (CloudTrade) platforms.  Trade Nation does not require a minimum deposit to begin trading, but minimum transactions start at 0.1 lots.  Trading instruments include Forex, CFDs, Indices, Shares, Commodities, Futures, and Bonds, and accounts are denominated in USD, EUR, DKK, and SEK.  Lastly, Trade Nation allows scalping and hedging but does not offer copy trading on its accounts.  

Note that Trade Nation does not offer Islamic Swap-free accounts. 

Trade Nation Conditions

Demo Accounts

Trade Nation offers a free demo account called the practice platform, where customers can test out trading strategies with £10,000 in virtual funds. Practice accounts last for 500 trades.  The broker also offers a one-to-one walkthrough with the demo account, which can be requested via a callback service on the website.

Spreads and Commissions

Trade Nation prides itself on being transparent about its trading fees. Customers benefit from low, fixed spreads at Trade Nation with the EUR/GBP at 0.80 pips and the EUR/USD at 0.60 pips.  Aside from spreads, the only other charge is overnight interest applied to trades. The amount depends on the market being traded and the direction of the trade.

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Broker
Trading Conditions
Base Currencies
EURUSD (Standard)
Trading Cost (Standard)
EURUSD (Best)
GBPUSD (Best)
USDJPY (Best)
Commission
11110.54.5/ 5
USD, EUR, DKK, SEK, EUR
0.60 pips
USD 6
0.6 pips
0.8 pips
0.7 pips
0.0
111115/ 5
USD, GBP, EUR, AUD, CHF
0.90 pips
USD 9
0.9 pips
1.6 pips
1.1 pips
0.0
111104/ 5
AUD, USD, GBP, EUR, NZD, SGD, CHF, CAD, HKD
1 pips
USD 10
0.2 pips
0.5 pips
0.2 pips
0.0

 

Deposits and Withdrawals

As a well-regulated broker, Trade Nation ensures that all anti-Money Laundering rules and regulations are followed, and as such all withdrawals are returned to the deposit source.  Deposits and withdrawals are free.  See the following list of methods for withdrawals and deposits:

  • Visa/Mastercard: Deposits are instant, but withdrawals may take up to 5 days to reach one’s account.
  • Bank Transfers: Deposits can take three days to be processed.
  • Skrill: Deposits are instant, but withdrawals may take up to three days to be processed.

Bonus Structure

Trade Nation offers a loyalty scheme, where customers receive cash back for every trade. Each customer will receive a sign-up bonus of 1,000 points upon opening an account, and one additional point for every USD traded.

Rebate ranges from 2% for customers with 200 points, to an admirable 20% for customers with over 10,000 points in their account. Unfortunately, this loyalty scheme is only available to non-UK Trade Nation customers.

The broker has also previously held competitions with partnership companies, so traders are advised to look out for future promotions on their website.

Trade Nation for Beginners

As far as education goes, the broker does not seem to have anything special set up for its traders.   It offers a training academy that covers the basics of trading in addition to video tutorials.  Market analysis materials include news and analysis, in addition to an expert advisory section. However, Trade Nation offers a limited demo account (which expires after 500 trades), and customer service support is available 24/5 for all client-related and technical queries.   The website is not translated into Malay.

Educational material

Its training academy offers a limited selection of beginner guides covering basic and advanced trading concepts, as well as news.   It also offers helpful video tutorials on using the various trading platforms.  

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Broker
Beginner Course
Advanced Course

 

Market analysis Materials

Trade Nation offers an up-to-date section in addition to expert advice on trading strategies.  It offers real trading stories from members of its community, which is helpful for beginner traders.  The broker also supports trading through insights acquired from alternative, independent sources.

Customer support

Customer support is responsive and available 24/5 via telephone, email, and a call-back service.  The customer support team is also available for one-to-one platform walkthroughs.  Note that there is no live chat service, and that customer support is not available in Malay.

Trade Nation Customer Service

Trading Platforms

Trade Nation prides itself on its bespoke trading platform. According to the broker, it features everything traders need and nothing they do not.  Trade Nation also offers the industry-standard MT4 – still considered a leader in the world of trading.

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Broker
Platform Choice
Copy Trading
Platforms
11110.54.5/ 5
Cloud Trade
11110.54.5/ 5
Avatrade Social

 

MetaTrader 4

MT4 is simple and easy to use and allows traders to customise the interface to their trading needs.  Price tracking is made easy and accurate, with over 50 technical tools, 30 built-in indicators, plus multiple chart types and 9 timeframes.

Trade Nation Platform

The bespoke platform is intuitive and provides flexible charting functionality through a sleek user interface.  12 interactive graph types are available such as histograms and candle charts, and it’s also easy to overlay information on graphs, with a good selection of drawing tools available. The optional deal button in the chart view means trades can be executed quickly. The chart supports scores of technical indicators and time frames. An impressive number of drawing tools are also available. Launching trades is possible directly from the charts.

Trade nation Platform

Mobile Apps

Users can download and access MT4 and the Trade Nation platform on Windows PC, Webtrader, Android, and iOS.

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of how we review Trade Nation’s product offering. Central to that process is the evaluation of the broker’s reliability, the platform offering of the broker, and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

Risk Warning

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. Trade Nation would like you to know that:  Financial spread trading comes with a high risk of losing money rapidly due to leverage. You should consider whether you understand how spread trading works and whether you can afford to take the high risk of losing your money.

Overview

A CFD market maker, Trade Nation prides itself on being completely transparent and honest.  It offers competitive, fixed spreads on a range of assets, and reasonable leverage.  Its excellent regulation means that clients can trade with full confidence that their funds are secure.

Trade Nation also goes to extra lengths to ensure its customers are supported every step of the way, offering one-to-one walk-throughs of the demo accounts and trading platforms.  Our conclusion is that Trade Nation is a good choice for beginner and advanced traders alike.   

AlertAccepts Malaysian Clients. Average spread on the EUR/USD is 0.60 pips on trading account with the lowest minimum deposit of 5 USD. Max leverage 200:1. Islamic account not available. MT4/Trade Nation platforms supported. Trade Nation is regulated by FCA, ASIC, FSCA & SCB .
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Overall Rating
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Account
Trading Platforms
Funding Methods
Trading Commission
11110.54.05/ 5
USD 5
Market Maker
Forex
Commodities
Energies
Bonds
Metals
Stock CFDs
Futures
33
0
  • Tight spreads
  • Limited account options
  • Limited demo account
  • No swap-free account option
11110.54.5/ 5
11110.54.5/ 5
11110.54.5/ 5
11110.54.5/ 5
110.5002.5/ 5
1110.503.5/ 5
1110.503.5/ 5
57.1% of retail investor accounts lose money when trading CFDs with this provider
200:1
0.60 pips
Cloud Trade
Bank Transfer
Visa
Mastercard
Skrill
Fees Included in Spread
11110.54.48/ 5
USD 100
Market Maker
Commodities
Cryptocurrencies
Forex
Indices
Stock CFDs
ETFs
55
18
  • Good for beginners
  • Well regulated
  • Low minimum deposit
  • Dealing desk
  • Limited market analysis
111104/ 5
111115/ 5
11110.54.5/ 5
11110.54.5/ 5
111115/ 5
11110.54.5/ 5
111104/ 5
72% of retail investor accounts lose money when trading CFDs with this provider
400:1
0.90 pips
Islamic
Professional
Retail
Avatrade Social
POLi
Visa
Mastercard
Skrill
Neteller
Paypal
Bank Transfer
Fees Included in Spread
11110.54.10/ 5
USD 200
Market Maker NDD
ECN/DMA
Cryptocurrencies
Forex
Indices
Metals
Stock CFDs
WTIs
50
5
  • Fast and free withdrawals
  • Wide range of assets
  • Excellent market analysis
  • Innovative trading tools
  • High minimum deposit
  • No swap-free account option
111104/ 5
111104/ 5
11110.54.5/ 5
111115/ 5
11110.54.5/ 5
1110.503.5/ 5
1110.503.5/ 5
50% of retail investor accounts lose money when trading CFDs with this provider
500:1
0.20 pips
GoPlus+
Standard
Bank Transfer
Visa
Mastercard
Skrill
Neteller
Fasapay
BPay
POLi
6 USD / lot - GoPlus+
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