Trade Nation Review
Richard Montana | November 17, 2022
Trade Nation is a multi-regulated broker that offers a fresh approach to trading online. They provide you with a simple trading platform that allows you to get convenient market access with minimal fuss. You can trade a good range of financial assets, including CFDs on forex, indices, commodities, stocks and shares. I like how the broker has tight fixed spreads, low fees and quick trade execution speeds at some of the best prices you can get on the market. If you are new to trading online then you will enjoy the great range of educational resources and may wish to try out the trading signals that they provide. If you want to take a hands-on approach without any risk, you can open a free demo account to practice your trading strategies. If you are ready to get started with a top brokerage firm, it only takes a few minutes to sign up and there is no minimum deposit required. Other notable features that you can benefit from with this broker include a variety of payment methods, 24/5 customer support and spread rebates if you trade enough volume.
Pros & Cons
- Advanced trading platforms for all of your devices
- A great range of markets and products to trade
- Various funding options to choose from
- No deposit or withdrawal fees
- No minimum deposit required to start trading
- Tight fixed spreads with no hidden extra fees
- 25% spread rebate if you trade enough volume
- Educational resources to assist beginners
- Trading signals available
- Unique smart news to help inspire trade ideas
- 24/5 dedicated customer support
- Free demo accounts to practice trading
- Cannot accept traders from some countries due to regulators
- Cryptocurrency trading currently not supported
- Could add some more tools for market analysis
- No Islamic trading accounts for Muslim traders
- Does not have managed accounts
- No FIX API market access
Headquartered in the United Kingdom, Trade Nation is an online retail broker that allows you 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 you with a range of learning resources to help you improve your trading knowledge and skills with 24/5 customer support to assist you as and when required. 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. Another fixed spread broker I recommend checking out are TD365. Furthermore, they don’t charge any fees for deposits or withdrawals either which is great.
The broker is regulated in multiple jurisdictions and by some top-tier regulators. I wouldn’t have any problem trusting them with my funds for trading. I always prefer to use a regulated brokerage as they can give you some protection that an unregulated broker cannot. They should operate in an open and transparent manner, with rules and procedures in place to ensure that this is the case.
- 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. This is good as it means that funds should be secure in the unlikely scenario that something was to go wrong with the broker.
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. If you find that they cannot accept traders from your country, please feel free to have a look at our broker ratings for an alternative option.
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. I really like how the Trade Nation platform offers flexible charting functionalities through a sleek user interface. I was able to customise the layout with relative ease although the default setup was just as intuitive. Other key features of the 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 brokers 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. I am a huge fan of trading apps as I like to be able to have the markets with me wherever I go. They allow me to constantly keep track of my positions and what is happening around the markets. You can even set price alert notifications so that you don’t need to glare at charts all day long waiting for your price level. Just keep in mind that if you do opt for the broker platform, you will need to start from scratch and learn a new platform if you decide to switch brokers down the line.
The broker also provides you 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. If you are looking to trade forex and other CFD instruments, I cannot recommend MT4 enough. I run multiple instances of the platform on my VPS as I am constantly testing brokers and my automated systems. Another great feature of MT4 is that you will find it is widely available via most brokers, including Blueberry Markets who incidentally also have the newer MetaTrader 5 platform.
Whatever your trading needs, I feel that 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. I have been using MT4 for many years and never felt the need to change to anything else. It does everything that I need it to and more. Despite the countless hours that I have spent using the platform, there is an almost endless number of tools available that I haven’t even touched the surface. You can get plenty more from the built-in market place and even develop your own using the MQL editor. I use the desktop version of the platform as it can run expert advisors. The trading app is handy for me to check my trades anywhere at any time. On the other hand, the web version of the platform is very helpful if I do not have any of my own devices around and need to use someone else’s to check my account.
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. I think there should be more than enough built-in tools for most of you. However, if you want to get free access to some market analysis software such as Autochartsit and Trading Central, then you might want to consider GO Markets instead.
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. I always like to see what it happening around the world as it can help me with my trade decisions. You will often see major news cause significant market movements so I feel it is important that you keep informed with the latest news.
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. Nowadays, everyone pretends to be an expert trader with powerful signals if you pay them a small fee. Personally, I think it is much better to study and learn how to manually trade yourself. The broker has lots of educational content to help you achieve this and also free demo accounts to practice trading without any risk.
The brokers 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. If you are a beginner and want some more educational content, Admirals have a much greater selection.
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. I think there is an adequate selection of assets for you to choose from. There should be enough for everyone to trade regardless of your interests. That being said, brokers such as IG blow most of the competition away with a huge range of more than 17,000 instruments. However, they dont have fixed spreads which for me is one of the main reasons you would consider Trade Nation over others.
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. This does mean that spreads are higher than some other brokers but you need to weigh that up against paying no commission fee. If you would prefer spreads from 0.0 pips and a small commission charge, then IC Markets would be my top choice. I find them to be perfect for scalping strategies and automated trading systems.
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. I always try a broker out on a demo to begin with just to make sure that they have suitable conditions for my strategies. Of course, demo accounts cannot completely replicate a real live trading environment as they do not take into account factors such as human emotions like fear, anger and greed.
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. The form is really short and took me just a few minutes to complete, if that. I then promptly received a welcome email with my account details and was ready to get going. The whole process is done online which you would expect in today’s day and age. In order to verify your account, you will need to provide a proof of ID and address. This is standard KYC procedures for regulated brokerage firms.
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. I have always found them to be very quick to respond to the various questions that I have put forward to them. I think it would be great if they could extend working hours to the weekend like FP Markets who give you 24/7 support.
You will find there is a variety of options that you can use to deposit and withdraw fund to and from your account. I think that they could improve by adding support for some more digital payment options and cryptos. I like to use digital wallets as I find they give me quicker access to funds in my trading account which is important if there is some market news that I want to quickly try and take advantage of. In this instance, waiting around days for a wire transfer to clear wouldn’t be ideal. There are other brokers with lots more funding methods including FXPRIMUS.
That being said, traders can choose from any of the following payment methods:
- Bank Transfers
- Credit/Debit cards
You can open an account in a great choice of the following currencies: GBP, USD, EUR, AUD, ZAR, DKK, NOK & SEK. This is good because you can avoid currency conversion fees which may add up if you are moving large amounts around. This is more currencies than many brokers that I have reviewed in the past and emphasises that they try to cater towards a global clientele.
Compare Broker Features
|This Broker||AvaTrade||IG||IC Markets|
|Regulated||ADGM FRSA, ASIC, BVIFSC, CBI, FFAJ, FSCA, IIROC, JFSA||ASIC, BaFin, CFTC, DFSA, FCA, FINMA, FMA, FSA, FSCA, JFSA, MAFF, MAS, METI, NFA||ASIC, CySEC, FSA, SCB|
|Commission||From $0||From $0||From $0|
|Instruments||Forex, Commodities, Crypto, Stocks, Indices, Options, Bonds, ETFs||Forex, Commodities, Crypto, Stocks, Indices, Options, Bonds, ETFs||Forex, Commodities, Crypto, Stocks, Indices, Bonds|
|Platforms||MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade||MetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API||MetaTrader 4, MetaTrader 5, cTrader|
|Funding||Bank Transfer, Credit/Debit Card, E-Wallets||Bank Transfer, Credit/Debit Card, E-Wallets||Bank Transfer, Credit/Debit Card, E-Wallets|
Overall, I feel that Trade Nation can be a great choice of broker for most retail traders who just want quick and easy access to popular markets. I like how they are regulated in multiple jurisdictions and provide convenient access to multiple financial markets through various user-friendly trading platforms, for desktop, web and mobile devices. You can 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. However, I think that there is small room for improvement in terms of learning materials, additional market analysis tools and payment methods. I also feel that institutional traders who want FIX API trading solutions and more advanced platforms may need to look elsewhere, Pepperstone being another option also worth consideration.