Trade Nation Review
Trade Nation is a regulated, low-cost broker, with fixed trading costs. It offer transparency and fresh approach traders and allows you to trade Forex, CFD, Commodity, and shares.
Regulated Broker with Fresh Approach to Trading
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Trade Nation is a fully regulated broker. They are licensed by
• The FCA in the UK
• ASIC in Australia
• The FSCA in South Africa
• The SCB in the Bahamas
Trade Nation’s portfolio is decent. They actually offer over 2,500 financial instruments to traders,.
Their portfolio of trading instruments covers Forex, indices, stocks, commodities and bonds.
While Trade Nation claims that they bing a fresh approach to trading, we recommend you to try their trading platform and examine their approach for yourself to see if it matches your trading strategy and risk profile.
In regards to fees, the broker offers some of lowest fixed spreads in the industry. As a trader on Trade Nation’s trading platform you might be entitles for monthly cash rebate too. As we go deeper into this review, we will talk about the value propositions and benefits that you get when trading with Trade Nation, so keep reading.
How to open a Trading Account with Trade Nation?
Traders can join Trade Nation in just a few steps. Simple go to the homepage and click the ‘Join us’ button, then enter the following details:
- Register: name, email, and password.
- Personal details: country of residence, date of birth, financial & employment status.
- Trading Experience: answer various trading knowledge-related questions.
- Confirm Identity: send in the requested documents (if required).
Once your application has been submitted, the customer onboarding team may contact clients for additional proof of identity and proof of address documents.
TN does not accept clients from Afghanistan, Algeria, Belgium, Canada, Ethiopia, Iran, Iraq, North Korea, NZ, Russia, Somalia, Sri Lanka, Tunisia, United States, Vanuatu, Yemen, Zimbabwe.
The max leverage available is 1:200, depending on jurisdiction.
Before they re-brand the broker with its new name “Trade Nation “, the company was operating under “Core Spread” from 2014 to 2019 ans was known for its low-cost trading services.
TN offers CFDs, Foreign currency exchange platform & trading opportunity to all traders. Like many other cfd brokers, with Trade Nation, you can trade on its proprietary web trading platform, as well as the popular MT4 platform.
TN is regulated in Australia, the UK, South Africa, and the Bahamas. In fact, The parent company “Finsa Europe Ltd” which is a UK based company is fully regulated in the majority of jurisdictions, including:
- Financial Conduct Authority (FCA).
- The broker also has three entities located in Australia (ASIC),
South Africa (FSCA) and the Bahamas (SCB),
each authorised and regulated in their own jurisdictions.
Even though TN is not publicly listed on any stock exchange, They. managed to position the platform asa trusted broker since top-tier financial authorities regulate it.
After carefully reviewing and testing TN, we found their services good for both beginners and professional traders. Hence, our ranking for this online broker is as follows:
- They Do Not Have a Trading App to review, so we skip this.
- Regulated Trading Platform
- Top 10 Best CFD brokers
- Top 20 Best Forex brokers
*Please note, that due to regulations, leverage amounts may differ depending on jurisdiction.
Trade Nation does not charge Inactivity Fees.
This broker offers a variety of payment methods including debit/credit cards, bank wire transfers and Skrill. There are no deposit or withdrawal fees but there is a minimum withdrawal amount of $50.
Further, withdrawals are typically processed within 1 business day. Deposit processing times are not specified but are generally immediate for debit/credit cards and Skrill. Bank transfer times may vary.
To deposit and withdraw funds users will need to enter the client portal area and click on ‘Payments’.
TN fees come in form of:
- Overnight financing (swaps)
Fees with Trade Nation are simple, transparent, and upfront. Spread fees on their proprietary platform are low and fixed, 24/5. On their MT4 system, spreads are variable.
Overall, their fees are very competitive, and the below table shows the fixed spreads taken from a variety of markets on 1st June 2021:
Fees vary by asset type, but spreads are fixed for complete transparency and low-cost trading.
TN apply a commission charge on ASX stock trades only and on FX trades via their MT4 platform.
TN does not charge any inactivity account fees.
Trade Nation does not offer any sign up bonuses, however it does have a monthly loyalty cash rebate scheme.
The rebate program allows traders to earn cash rebates of up to 20% each month, with 1,000 points awarded to new account holders. The minimum cash rebate each month is USD $25 and the maximum payout is USD $2,500. The rebate is available every month and rewards loyal customers.
Please note, following regulatory restrictions, the UK and Australian entities do not offer any bonuses or promotions. However, there is a Loyalty Scheme available to clients registered with South Africa and Bahamas entities.
When trading with TN, you can choose from MT4, MT5, or Ava Options
Trade Nation offers clients the ability to trade on its proprietary Trade Nation Web trading platform, as well as the MetaTrader4 broker desktop platform. The platform features are highlighted below:
Trade Nation Web Platform:
- Simple and easy-to-use trading interface.
- Free Smart News.
- Free FCA-regulated trading signals.
- Interactive charts.
- No download needed.
- Tight, fixed spreads 24/5.
Trade Nation MT4:
- Variety of technical tools and indicators.
- EAs available.
- Multiple order types.
- One-click trading.
- Advanced charting capability.
As a Trade Nation clients, you can access mobile trading on the go from the Trader Nation mobile trading app for Android and iOS systems. The app download links can be found in the Google PlayStore or Apple AppStore.
The Trader Nation mobile trading app provides a range of different features including:
- Trade and manage your account on the go.
- Simple and intuitive user interface.
- Real-time quote streaming.
- Charting and live trading.
Most of trading instruments and products are Forex, Commodities and CFDs. The portfolio is not that comprehensive.
Trade Nation offers clients the ability to trade on more than 2,500+ financial instruments covering Indices, Forex, Stocks, Commodities and Bonds. Below is a list of just some of the available markets for trading:
Dow Jones 30
UK Long Gilt
- Currency Pairs: 40+
- Indices: 20+
- Stocks: 2000+
- Commodities: 10+
- Bond: 3
- Futures: 10+
- Differentials: 5+
At this stage, it appears that the company does not offer interesting crypto currencies to trade on their platform.
- Tight, fixed spreads 24/5.
- Globally regulated (FCA, ASIC, FSCA, SCB).
- 2,500+ financial instruments.
- Commission-free trading available.
- Easy to use, feature-rich web platform.
- Excellent customer support.
- Monthly cash rebates available.
- Investment protection is not available
- Not available for US residents.
- No variable spreads
- No Trading App is Available
- No crypto trading
Although the minimum deposit seems high, the tools & materials are fair and good for beginners
- Free Trading Signals
Trade Nation provides clients with free access to Signal Centre, an FCA-regulated signal provider, that generates trading signals for a variety of markets including indices, currencies and
- Trading Community
Trade Nation offers various news and analysis articles covering a range of topics that are posted multiple times a week. The broker’s YouTube channel is also updated daily with trading insight videos and market updates.
This broker also offers various news and analysis articles covering a range of topics that are posted every few days. The topics can be filtered by various categories such as Market Snapshot, Premium Content, Market Updates, Inside the Broker and more. Articles can also be selected based on trading level – beginner, intermediate and advanced.
- My SMART News
Free to all funded account holders, my SMART news is an alternative data source that pulls in all relevant news and can then be filtered down into just the news that you are interested in viewing.
This broker provides a large array of educational resources for clients, including beginner guides on CFD trading, spread trading and forex trading. Each of these topics is covered in detail and there are also examples of CFD trading, spread trading and FX trading.
Trade Nation is regulated by the FCA, ASIC, FSCA and SCB.
9th Floor, 30 Crown Place, London EC2A 4ES, UK.
An account can be opened at the click of a button on the Trade Nation website and can be done in just a few steps.
There is no minimum deposit.
Funds can be deposited via debit/credit cards, bank transfers and Skrill.
Withdrawals can be made from the client portal via debit/credit cards, bank transfers and Skrill.