Trade Nation Review
Trade Nation is a multi-regulated broker that offers a fresh approach to online trading. They provide traders with a simple trading platform that allows them to trade several financial assets, including CFDs on forex, indices, commodities, stocks and shares. Traders enjoy tight fixed spreads, 24/5 customer support, leverage of up to 1:200, spread rebates, educational resources, trading signals and much more.
Pros / Cons
- Strict regulations
- Advanced trading platforms
- A great range of markets and products to trade
- Various funding options
- No deposit or withdrawal fees
- No minimum deposit
- Tight fixed spreads with no hidden extra fees
- 25% spread rebate
- Educational resources
- Trading signals
- Unique smart news
- 24/5 dedicated customer support
- No USA traders
- No cryptocurrency trading
In this detailed Trade Nation review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
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Trade Nation Overview
Headquartered in the United Kingdom, Trade Nation is an online retail broker that allows clients to buy and sell various financial instruments using an in-house-developed trading platform and the popular MetaTrader 4 platform. Whichever platform you choose to go to for, they have got you covered with platform tutorials. The broker is regulated in multiple jurisdictions which helps to give investors the peace of mind that they are using a transparent broker which can be trusted.
They provide traders with a range of learning resources to help them improve their trading knowledge and skills with 24/5 customer support to assist them. There is no minimum deposit with Trade Nation; you only need enough funds to cover the margin requirements of your trade. They are proud to be one of the very few global financial trading providers who offer customers fixed spreads. Furthermore, they don’t charge any fees for deposits or withdrawals either.
Trade Nation Regulation
Trade Nation is a trading name of Finsa Europe Ltd, a financial services company authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number 525164.
In Australia, Trade Nation is a trading name of Finsa Pty Ltd, a financial services company authorised and regulated by the Australian Securities and Investments Commission (ASIC), ACN 158 065 635, AFSL No. 422661.
Additionally, Trade Nation Financial (Pty) Ltd, registration number 2018/418755/07, is authorised and regulated by the Financial Sector Conduct Authority (FSCA), FSP No 49846.
Trade Nation Ltd, registration Number 203493 B, is also authorised and regulated by the Securities Commission of the Bahamas (SCB), SIA-F216.
Client money is held in segregated bank accounts at Barclays Bank in London. For Trade Nation Australia, they hold client money at Westpac in Australia.
Trade Nation Countries
The broker does not offer their services to residents of the United States or any particular country outside the UK, Australia, South Africa, the Bahamas, or any person in any country or jurisdiction where the use of such services would be contrary to local law or regulation.
Some Trade Nation features and products mentioned within this Trade Nation review may not be available to traders from certain countries because of legal restrictions.
Trade Nation Platforms
Trade Nation Platform
The broker provides you with the Trade Nation trading platform, a proprietary platform that gives you a user-friendly gateway to the financial markets. The platform helps you to concentrate on the things that are important to help maximise your potential. The Trade Nation platform offers flexible charting functionalities through a sleek user interface. Other features of the Trade Nation trading platform include 12 interactive graph types, drawing tools, and the ability to vary timescales from one minute to one month. You can limit losses by placing orders that ensure you’ll automatically exit trades exceeding your risk appetite.
The platform is available as web trader that runs on Chrome, Firefox, Safari and Microsoft Edge. For the best experience, they recommend the Google Chrome browser. You can also download the Trade Nation mobile app that is compatible with Android and iOS devices. This is useful for those of you who prefer trading on your mobile phone whilst on the go.
The broker also provides their clients with the popular MetaTrader 4 (MT4) platform. MT4 is an advanced yet user-friendly trading platform that is widely used by millions of CFD and forex traders around the globe. The MT4 platform features a wide range of built-in tools for conducting in depth market analysis and complex trading capabilities. It has various chart types and timeframes, support for multiple order types, automated trading with expert advisors (EAs), one-click trading, and much more.
Whatever your trading needs, the MT4 platform can support even the most demanding of traders. MT4 is available as a desktop platform, web platform that runs directly in your web browser and as a mobile trading app.
Trade Nation Trading Tools
The Trade Nation platforms have a plethora of trading tools to help ensure an enjoyable trading experience. They can help to increase productivity, analyse markets and inspire trading ideas.
Smart News cuts through the noise and deliver the news that is relevant to the markets you want to trade. Sourced from thousands of different channels, mainstream and social, Smart News can keep you informed of the breaking news from markets all over the world.
You can get free signals from an FCA regulated source with Trade Nation, rather than from someone on social media who claims to have unlocked the secrets of the markets.
Trade Nation Education
The Trade Nation website contains several educational resources that are designed to help traders improve their knowledge and skills. They include various learning articles, tutorials, trading guides, an FAQ section, news & analysis, experts’ explanations, trading stories, and trading signals. There is a useful demonstration video that shows how customers can link their Trade Nation account to the MT4 platform also available on the broker’s website.
Trade Nation Instruments
Trade Nation offers a good selection of trading instruments with fixed spreads from financial markets including Forex currency pairs, Commodities, Indices, Stocks and Shares. The minimum trade size is 0.1 on shares, and 0.5 on all other markets on the Trade Nation platform.
Trade Nation Accounts & Fees
Trade Nation offers a choice of two live trading account types, namely: Low Leverage Accounts (1:30) and High Leverage Accounts (1:200). There is no minimum deposit required to open a live account and also no commission fee as it is already included within the fixed spread. You can open an account in the following currencies: GBP, USD, EUR, AUD, ZAR, DKK, NOK & SEK.
There is also a demo account that is available for practice purposes. The demo account enables you to practice your trading strategies and familiarise yourself with the brokers trading platform, products and services. You can explore, learn and make mistakes without any commitment.
As broker fees can vary and change, there may be additional fees that are not listed in this Trade Nation review. It is imperative to ensure that you check and understand all of the latest information before you open a Trade Nation broker account for online trading.
Trade Nation Support
The Trade Nation customer support team is on hand 24 hours a day, Monday to Friday. They can be reached via telephone, email, chatbot, and selected social media channels. We found them to be very quick to respond to the various questions that we put forward to them.
Trade Nation Deposit & Withdrawal
Traders are allowed to deposit and withdraw funds using any of the following payment methods:
- Bank Transfers
- Credit/Debit cards
Trade Nation Account Opening
To open a trading account, click on the ‘Join Us’ button at the top-right corner of the Trade Nation website and proceed to fill the form, as required.
It is imperative to ensure that when you are going through a broker application, you read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Trade Nation FAQ
What is the Trade Nation minimum deposit?
There is no minimum deposit with Trade Nation. You will only need enough funds to cover the margin requirements of your trade. This is good as it means you can trade with an amount that you feel comfortable with, especially as some brokers require a minimum deposit into the thousands.
How do I deposit money into Trade Nation?
Trade Nation accept debit cards, credit cards and bank transfers. They can also receive deposits via Skrill.
All deposits must be made from an account in your name. If they receive payment from a third party, it will be returned to the source of deposit.
What are the Trade Nation deposit fees?
Trade Nation do not charge any deposit fees but you may incur a fee from your bank or Skrill for sending funds.
How do I withdraw money from Trade Nation?
You can receive funds back to the source of your deposit, such as your bank account and Skrill. The minimum withdrawal amount is 50 of the currency of your account, for example, $50.
What are the Trade Nation withdrawal fees?
Trade Nation do not charge any withdrawal fees but as with deposits, you may incur a fee from your bank or Skrill for receiving funds.
What is the Trade Nation commission fee?
Trade Nation do not charge a commission fee as the cost is already included within the fixed spread. They also do not charge for deposit or withdrawals. The only charge other than the spread is the overnight interest on your trades. The broker will calculate overnight interest based on the 1-month interbank rate for the currency you trade in.
Are there any Trade Nation inactivity fees?
No, Trade Nation do not charge any inactivity fees or account fees.
What are the Trade Nation account types?
Trade Nation keep it simple with one account for all traders. The only difference is the leverage that you can use, which will depend on your trading experience and location.
Is there a Trade Nation demo account?
Yes, you can open a Trade Nation demo account for free. The demo account comes preloaded with virtual funds and can be a great way to practice your trading strategies and familiarise yourself the Trade Nation platforms.
What are Trade Nation spreads?
Trade Nation have tight fixed spreads, starting from just 0.6 on the EURUSD currency pair. The spreads stay low and fixed no matter what and can help to reduce trading costs in the long term. For regular traders, these small savings add up very quickly.
The spread reflects your trading costs. It is the difference between the buy (bid) and the sell (ask) price. Generally speaking, the narrower the spread, the smaller the costs to trade.
One of the main advantages of having a fixed spread is that you know exactly how much you’re paying beforehand, which can make it a cost-effective way to trade. This removes any uncertainty as your charges will remain exactly the same even if markets become volatile. And when you know the spread in advance, it can be easier to assess your risks too.
What is the Trade Nation leverage?
Trade Nation provide clients with leverage up to 1:200. Leverage allows you to enter a larger position size than you would have been able to without it. This can increase both the potential profit and potential loss of your trade. It is therefore important to have a clear understanding of what leverage is before you consider using it.
Leverage is expressed as a ratio, for example if your leverage is 1:200, this means that you can hold a position that is the 200 times the value of your trading account. E.g. If your account had a balance of $1000, you could take a position size of $200,000.
What are the Trade Nation margin & stop-out levels?
The margin level determines the amount of funds that are required to keep open positions. A stop out occurs when the margin requirement has been exceeded and the account balance is no longer sufficient to sustain all the opened positions.
As per the client agreement, Trade Nation have the right to close out your Open Positions when the equity on your Account [Cash Balance + Open Position P&L (+ Credit where applicable)] falls below a level which they consider detrimental to your ability to trade, and in any event they will close your Open Position(s) where it falls below 100% of the Margin required to support those Open Positions.
To avoid a margin call you may want to check your account’s balance at all times and ensure that you have sufficient funds in your account so that you can maintain your open positions.
Do Trade Nation allow hedging, scalping & expert advisors?
Yes, Trade Nation allow all types of trading strategies that are not in breach of their terms and conditions. This includes hedging, scalping and automated trading with expert advisors (EAs). In fact, some EAs have been designed to trade with fixed spread such as those Trade Nation offers.
Is there a Trade Nation Islamic account?
Unfortunately, Trade Nation do not currently offer an Islamic swap-free account, but this may be something that they add in the future as they look to expand their services.
What are the Trade Nation trading instruments?
With Trade Nation, you can trade a range of markets including CFDs on Forex, Indices, Commodities and Stocks. A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying asset, without actually physically owning it.
How do I open a Trade Nation live account?
It is quick and easy to open a Trade Nation account, you just need to complete the short application form on the Trade Nation website. You will then be sent a verification email along with your login details.
How do I verify my Trade Nation account?
Some Trade Nation features may require you to verify your account with a proof of identification (passport, driver’s license, identity card, etc) and proof of address (bank statement or utility bill).
As long as you’ve sent them back everything that they have asked for, you can have your account up and running, usually within one business day.
What is the Trade Nation trading platform?
You can Spread Trade on The Trade Nation platform and you can trade CFDs on the MetaTrader 4 platform.
Where can I download the Trade Nation platform?
You can access and download the Trade Nation platforms free of charge from the brokers website. You may also download the mobile trading apps from the relevant app store on your mobile device. Simply search Trade Nation or MetaTrader in the App store if you have an iPhone or the Play Store if you have an Android device.
Where is Trade Nation located?
Founded in 2014, Trade Nation operates out of the United Kingdom, Australia, South Africa and the Bahamas.
Is Trade Nation regulated?
Yes, Trade Nation is regulated by the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), the Financial Sector Conduct Authority (FSCA) in South Africa, and the Securities Commission of The Bahamas (SCB).
What countries do Trade Nation accept?
Trade Nation welcome clients around the globe although is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Is Trade Nation a scam?
No, we do not believe Trade Nation is a scam. They have competitive trading conditions and have been operating since 2019.
How can I contact Trade Nation support?
Trade Nation customer support opens on Sunday 10pm (GMT) until Friday 10pm (GMT). The customer service team are available to support you via email, live chat and phone.
Trade Nation Summary
Regulated in multiple jurisdictions, Trade Nation is an online financial services provider that offers convenient access to multiple financial markets through various user-friendly trading platforms, for desktop, web and mobile devices.
Traders benefit from several favourable trading conditions, including low fixed spreads, no deposit or withdrawal fees, leverage of up to 1:200, no minimum deposit, trading tools, educational resources and 24/5 dedicated customer support.
Financial Spread Bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.9% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.