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Trade Nation review summary
Trade Nation is a global forex and CFD broker founded in 2014. The firm is regulated by the Financial Conduct Authority (FCA), the Australian Securities and Investment Commission (ASIC), the Financial Sector Conduct Authority Commission(FSCA) ,and SCB, as well
Trade Nation is a broker that caters to the needs of forex traders. The broker offers access to over 150 assets, including Forex pairs, commodities, and stocks.
Trade Nation is a new and innovative trading platform that allows you to take advantage of the best possible opportunities in the Forex market. With the help of this platform, you will be able to trade on your own terms, get access to a wide range of tools and resources, and enjoy a user-friendly interface that makes it easy for you to trade.
Disclaimer: CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider, so you may want to consider whether Day Trading is right for your financial situation.” Due to their complex nature, you should familiarize yourself with the workings of CFDs and assess whether your financial situation would allow for losses in case the trade goes against you.
(Disclaimer: Risk your own capital)
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.
In 2014, Trade Nation was founded in the United Kingdom and is regulated by top-tier financial authorities: The Financial Conduct Authority (FCA), Australia’s Securities & Investment Commission (ASIC), in South Africa by the Financial Sector Conduct Authority Commission (FSCA), and in the Bahamas by Securities Commission of that country. The broker provides clear access to the markets by eliminating confusing trading jargon and offering customers ample support throughout their entire experience.
Trade Nation is a broker that offers the popular MetaTrader 4 as well as its own trading platform. It promises to be transparent about its trading options and supplies a market information sheet with details of every instrument, associated spreads and trading hours. Trade Nation offers a rich selection of instruments to trade, including 33 forex pairs, 23 popular indices (cash and future), 8 differential indices, 9 commodities (energy and metals), and 3 bond options.
LEVERAGE
Trade Nation offers a leverage ratio of 5:1 for all traders, but there are some conditions.
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.
If you reside in the United States or Canada, you may use a leverage ratio of 5:1. However, if you reside elsewhere, then your maximum leverage ratio is lower.
REGULATED
Trade Nation is a broker regulated by the FCA. This means that clients of Trade Nation can use leverage of up to 1:30, which is the limit imposed by this regulator. For accounts regulated by ASIC, FSCA and SCB, a leverage ratio of up to 1:200 may be used.
Trade Nation is an online trading name of Finsa Europe Ltd. It is regulated by the Financial Conduct Authority, which means that the company has to adhere to strict rules and regulations when it comes to protecting your money.
The company provides a £85 000 deposit protection scheme through the FSCS in the UK. However, there is no such compensation scheme for accounts registered elsewhere under the other authorities.
(Disclaimer: Risk your own capital)
Trade Nation pros and cons
Trade Nation offers a simple, fully digital account opening process with no minimum deposit and free withdrawals. They offer excellent research and education tools for their customers. Their customer support is top-notch.
Trade Nation’s product portfolio is slim, as they only offer cryptocurrencies, forex and CFDs. There is no live chat or phone support available. The desktop trading platform lacks safer login options such as two-factor authentication or fingerprint verification.
| • Free deposit and withdrawal |
• Slim product portfolio |
| • Excellent research and education tools |
• No live chat |
| • Good customer support |
• Desktop platform lacks safer login |
Is Trade Nation safe?
Trade Nation is considered average-risk. Trade Nation is not publicly traded and does not operate a bank. Trade Nation is authorized by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). Trade Nation is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and Financial Conduct Authority (FCA).
| Feature |
 |
| Year Founded |
2014 |
| Publicly Traded (Listed) |
No |
| Bank |
No |
| Tier-1 Licenses |
2 |
| Tier-2 Licenses |
1 |
| Tier-3 Licenses |
1 |
(Disclaimer: Risk your own capital)
Trade Nation Trading Fees
Trade Nation trading fees are average.
We know it’s hard to compare trading fees for CFD brokers. So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products.
We’ve calculated that for a typical trade involving EUR/USD (EUR/USD) and an initial deposit of 2,500 USD, you would pay an average of 0.00% in fees per round turn trade with Trade Nation. That’s based on a typical trade size of 100,000 USD and an average spread of 1 pips.
To calculate this we looked at brokers’ commission charges plus any spreads they charge on trades (for example you might be charged 10 pips plus £10 commission per round turn).
We have selected popular instruments within each asset class:
- Stock index CFDs: SPX and EUSTX50
- Stock CFDs: Apple and Vodafone
- Forex: EURUSD, GBPUSD, AUDUSD, EURCHF and EURGBP
A typical trade involves buying a leveraged position, holding it for one week, and then selling. In terms of volume, we chose $2,000 positions for stock index futures/options as well as stocks (via CFD). We used an additional $20K in our forex transactions to account for spread costs on the pairs traded.
- 20:1 for stock index CFDs
- 5:1 for stock CFDs
- 30:1 for forex
These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. Let’s see the verdict for Trade Nation fees.
Trade Nation Leverage
Leverage is a tool that multiplies the amount of exposure you have to an asset. Leveraged products, such as forex trading (and especially when using margin) can generate much larger gains or losses than other types of investments.
Trade Nation is a broker that offers up to an incredible 20:1 leverage. It’s a little bit of a mouthful, but what does it mean? Well, let’s break it down:
- 20:1 means that for every $1 you deposit with Trade Nation, you can trade up to $20 worth of financial instruments. That’s a lot! The more money you have in your account, the more money you can use to trade with.
- Leverage is just a fancy word for “borrowing.” In this case, Trade Nation lends you money so that you can make more trades than you otherwise could. You’re still responsible for paying back every penny they lend out (plus interest), but they give you an opportunity to make a lot more money faster than if you were just trading with your own cash alone.
(Disclaimer: Risk your own capital)
Trade Nation Accounts
At Trade Nation, a forex account is similar to your personal bank account—but it’s been set up specifically for trading 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 |
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.
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.
(Disclaimer: Risk your own capital)
Trade Nation Market Instruments
The most popular market instruments available from most brokers for trading include:
Forex:
Forex trading is the exchange of one currency for another, and it’s definitely a part of your daily life. Whether you’re buying something online, or visiting a foreign country, you might need to exchange your money for the local currency.
Forex trading is an exciting way to make money by predicting whether the value of a currency will rise or fall over time. You can trade with real money on a range of platforms, but not everyone is suited to this type of investment. If you’re interested in learning more about forex trading, here’s what you need to know!
Commodities:
That’s where commodity markets come in. Commodity markets offer many investment opportunities for traders, and soft commodities have been traded for centuries. They play a significant role in portfolio diversification and risk management, so investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.
Indices:
Equity refers to stock market indexes like the Dow Jones or Standard & Poor’s. These measure the value of particular sections—such as specific stocks in a large company, entire markets (like those of certain countries), or small companies that might be overlooked by larger indices.
Precious metals:
The trading of gold, silver, copper and oil—called hard commodities because their value does not change significantly over time—plays a significant role in the commodities market.
Energy:
Energy prices are generally volatile due to the influence of political, environmental and economic factors—including supply and demand, extreme weather conditions as well as global growth.
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. |
(Disclaimer: Risk your own capital)
Trade Nation 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 |
Trade Nation is an online trading broker that offers a wide range of products, such as Forex, CFDs. The broker also offers a strong mobile platform, which makes it easier for traders to manage their account on the go.
The minimum deposit requirement is $100. 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.
(Disclaimer: Risk your own capital)
Trade Nation Trading Platforms
Trade Nation is a multi-asset trading platform that allows clients to trade forex and other asset classes, including stocks and commodities. The decision about which platform to choose will usually depend on what you would like to trade.
Trade Nation provides its own trading platform and the popular MetaTrader 4, which is available on desktop or mobile devices.
The Trade Nation Platform features an intuitive user interface with flexible charting functionality and interactive graph types. It also offers a broad selection of drawing tools so that trades can be executed quickly.
Trade Nation is a broker that offers forex and CFD trading. The broker also provides the popular MetaTrader 4 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.
(Disclaimer: Risk your own capital)
Trade Nation Safe or Scam
Trade Nation is a forex broker that has been around for quite some time. It was established in 2011 and has grown to become one of the most trusted providers of Forex trading services in South Africa.
Trade Nation offers its clients with a variety of services such as CFD’s, spread betting and binary options. The company also offers its clients with a wide variety of assets to trade on including equities, commodities, indices, bonds and currencies.
The company has managed to expand its operations over the years by partnering up with some of the biggest names in the industry such as IG Group and Plus500. Trade Nation is also regulated by CySEC which means that it has met all its regulatory requirements as set out by law. This means that you can rest assured knowing that your money is safe when you deposit it with this company.
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