Trade Nation Review
- Trade Nation Review – Analysis of Broker’s Main Features
- Overview
- Detailed Summary
- At a Glance
- Security Measures
- Account Types
- How To Open a Trade Nation Account
- Trading Platforms and Software
- Fees, Spreads, and, Commissions
- Which Markets Can You Trade with Trade Nation?
- Leverage and Margin
- Deposit & Withdrawal Options
- Educational Resources
- Pros & Cons
- In Conclusion
Overall, Trade Nation’s review can be summarised as a trustworthy and well-regarded entity within the online financial trading arena. They have a global presence in crucial financial hubs like London and South Africa and have a trust score of 90 out of 99.
🔍 Broker | 🥇Trade Nation |
💵 Minimum Deposit | 0 USD |
4️⃣ Ease of use Rating | 4/5 |
🎁 Bonuses | None |
⏰ Support Hours | 24/5 |
🚀 Open an Account | 👉 Click Here |
Trade Nation Review – Analysis of Broker’s Main Features
- ☑️Overview
- ☑️Detailed Summary
- ☑️Security Measures
- ☑️Account Types
- ☑️How to Open a Trade Nation Account
- ☑️Trading Platforms and Software
- ☑️Fees, Spreads and Commissions
- ☑️Which Markets Can You Trade with Trade Nation
- ☑️Leverage and Margin
- ☑️Deposits and Withdrawals
- ☑️Educational Resources
- ☑️Pros and Cons
- ☑️In Conclusion
- ☑️Frequently Asked Questions
Overview
Trade Nation review is considered an average risk, with an overall Trust Score. It is licensed by two Tier-1 Regulators (highly trusted), one Tier-2 Regulator (trusted), zero Tier-3 Regulators (average risk), and two Tier-4 Regulators (high risk).
They offer one retail trading account with two live trading options: a Low-Leverage Account and a High-Leverage Account.
Detailed Summary
Founded in 2014, is a low-cost trade services firm with offices in London, Sydney, South Africa, the Bahamas, Malaysia, and the Seychelles.
With over 120 workers and over two centuries of combined industry experience, the firm maintains a customer-centric approach, prioritizing client fund preservation. It has received multiple industry awards for its affordable fixed spreads and flawless customer experience.
The firm offers a wide range of trading instruments, including Forex, stocks, commodities, and indices, and offers transparent pricing and a reliable trading platform. This diverse range of financial markets and transparent pricing foster an atmosphere favorable to good trading techniques.
At a Glance
🔍 Broker | 🥇 Trade Nation |
🏦Established Year | 2014 |
⌛Regulation and Licenses | FCA, ASIC, FSCA, SCB, FSA |
4️⃣ Ease of Use Rating | 4/5 |
🎁Bonuses | None |
⏰Support Hours | 24/5 |
📊Trading Platforms | Trade Nation, MetaTrader 4 |
🗂️Account Types | A Live Retail Account with low and high-leverage options |
💷Base Currencies | USD |
📝Spreads | From 0.3 pips EUR/USD |
⬆️Leverage | 1:30 (FCA, ASIC) 1:200 (FSCA, SCB) |
💶Currency Pairs | 33+; major, minor, and exotic pairs |
💵Minimum Deposit | 0 USD |
💴Inactivity Fee | None |
🗣️Website Languages | English |
💸Fees and Commissions | Spreads from 0.3 pips; no commission fees |
🤝Affiliate Program | ✅ Yes |
❌Banned Countries | United States |
➡️Scalping | ✅ Yes |
👉Hedging | ✅ Yes |
🛢️Trading Instruments | Forex, indices, commodities |
🚀 Open an Account | 👉 Click Here |
What was Trade Nation previously known as before rebranding?
Previously known as Core Spreads until being rebranded in 2019.
Security Measures
Firstly, they are a global broker that prioritizes client financial and information security. It follows high regulatory standards set by top financial regulators like the FCA, ASIC, FSCA, and SCB.
Client funds are kept separate from the company’s operational capital and held with trusted financial institutions like Barclays Bank and Westpac. The company also offers investment protection solutions in the UK, covering up to 85,000 Euros.
Digitally, it uses strong encryption algorithms to protect sensitive information and industry-standard security measures. Regular audits by independent businesses ensure the security systems are up-to-date.
How does Trade Nation ensure the security of my personal information?
They use powerful encryption technology to protect personal and financial information against illegal access and data breaches.
In a security breach, how does Trade Nation protect clients?
In the uncommon case of a security breach, they have systems to promptly minimize risks, secure client assets, and meet regulatory responsibilities to inform and defend customers’ interests.
Account Types
🔍Account Type | 🥇Low Leverage | 🥈High Leverage |
⌚Availability | EU, UK, Australian traders | South African and Bahamas traders |
📊Markets | All | All |
💵Commissions | None; only the spread is charged | None; only the spread is charged |
📊Platforms | Trade Nation, MetaTrader 4 | Trade Nation, MetaTrader 4 |
➡️Trade Size | From 0.5 lots | From 0.5 lots |
⬆️Leverage | Up to 1:30 | Up to 1:200 |
💴Minimum Deposit | 0 USD | 0 USD |
🚀 Open an Account | 👉 Click Here | 👉 Click Here |
Low Leverage Account
Low Leverage Account is designed for traders under strict regulatory regimes. It offers a leverage limit of 1:30 and a minimum deposit of $0.
They provide cost-effective trading with 5th decimal pricing, no commissions, and the ability to use copy trading and MetaTrader 4, making them ideal for those seeking lesser risk exposure.
High Leverage Account
The High Leverage Account provides experienced traders up to 1:200 leverage for FSCA and SCB-regulated accounts, increasing market exposure and potential rewards.
It offers the same pricing structure as the Low Leverage Account, with larger market stakes, and are suitable for experienced traders handling higher leverage risks.
Demo Account
This account for traders to test strategies and familiarize themselves with the broker’s products.
Their platform simulates real-world market conditions, making it an excellent instructional resource for novice and seasoned traders. This allows them to gain confidence before starting real trading.
Islamic Account
Nation Trader lacks an Islamic Account that adheres to Sharia law and avoids exchange fees on overnight holdings. This is crucial for Muslim traders who must adhere to Islamic financial rules. To avoid swap costs, traders must cancel positions daily, as Trade Nation does not offer such a solution.
Does Trade Nation provide different account types based on trader experience?
This broker offers a universal retail investor account, but its leverage choices vary to meet the demands of both beginner and experienced traders.
Are there any differences in the Trade Nation account features between regulatory regions?
Indeed, account characteristics like maximum leverage and margin requirements vary according to the trader’s regulatory zone.
How To Open a Trade Nation Account
✅Firstly, visit the broker’s website and click the “Sign Up” or “Open an Account” option.
✅Fill out the registration form completely, including your name, email address, country of residence, and phone number.
✅Choose an account type (Standard, Raw, or TN Trader) according to your trading experience and preferences.
✅Create a strong password to protect your trading account.
✅Upload the appropriate papers to verify your identity and residence, often a government-issued ID (passport or driver’s license) and proof of address (utility bill or bank statement).
✅Once the broker has reviewed and confirmed your application, you will get an email confirmation with your login information.
✅Make your deposit using your preferred method (bank transfer, credit/debit card, or e-wallet).
✅Begin trading on the Trade Nation platform (web, desktop, or mobile).
What documents are required to verify my identity for a Trade Nation account?
To verify your identification with this broker, you need a government-issued ID, such as a passport or driver’s license, and a utility bill or bank statement for address verification.
How long does the Trade Nation account verification process typically take?
Their account verification procedure is typically finished within a few business days of submitting all required papers.
Trading Platforms and Software
MetaTrader 4
A popular platform with comprehensive charting tools, technical indicators, and automated trading capabilities. It suits traders of all skill levels and offers access to financial instruments like Forex, indices, and commodities.
The platform’s ability to facilitate comprehensive analysis and strategy testing appeals to new and experienced traders. Trade Nation’s integration with MT4 demonstrates its commitment to providing a diverse trading environment.
Trade Nation
It is a user-friendly platform offering various trading instruments, including Forex, stocks, indices, and commodities. Its user-centric design allows quick access to all instruments, and its stable spreads demonstrate transparency.
Their platform also features advanced charting, real-time market research, and one-click trading, making it an appealing option for traders seeking a simple, dependable trading interface.
Besides their proprietary platform, what other trading software does Trade Nation offer?
Trade Nation platform, traders may utilize the famous MetaTrader 4 software to conduct their trading activity.
Can I use automated trading strategies on Trade Nation’s platforms?
They offer automated trading techniques using the MetaTrader 4 platform and Expert Advisors.
Fees, Spreads, and, Commissions
Spreads
Nation Trade provides set spreads on US Futures, ensuring consistent pricing despite market volatility. Starting at 0.3 pips, traders can confidently execute strategies at constant trading costs.
Commissions
Their commission fees in their set spreads reduce trading expenses and, by aggregating trading expenses upfront, provide traders with a better understanding of their potential net gains and losses.
Overnight Fees
Overnight fees are based on the interbank rate and a mark-up, allowing traders to retain holdings after daily closure.
This price, also known as a swap or rollover fee, is crucial for long-term strategy planning, especially for non-Islamic traders who do not trade on Islamic accounts, which the broker does not offer.
Deposit and Withdrawal Fees
Customer-centric strategy and transparent price structure strengthen its market competitiveness.
Traders should be aware of any costs their banks or financial institutions impose when transferring funds, as these are beyond the broker’s control. It eliminates additional expenses, allowing better financial management.
Inactivity Fees
In addition, this broker offers a flexible policy that does not charge inactivity fees on inactive accounts. This allows traders to take pauses without penalties, which is beneficial for part-time traders who do not regularly participate in the markets.
Currency Conversion Fees
They accept various currencies for trading accounts but not all for deposits. Traders must convert their funds to any other currency, which could incur additional charges.
What is the starting spread for trading EUR/USD on Trade Nation?
The minimum spread for trading US Futures on Trade Nation is 0.3 pips.
How does Trade Nation incorporate commission charges?
Commission costs are included in the set spreads; therefore, there are no additional commission expenses.
Which Markets Can You Trade with Trade Nation?
It offers the following trading instruments and products:
✅Indices – Provides access to 13 main global indices, allowing traders to bet on the price changes of index baskets that represent the performance of certain industries or economies. This range includes prominent indexes, including the US 500, UK100, and US Tech 100, with margin requirements that differ depending on the regulator.
✅Forex – This broker offers over 33 currency pairings, including major pairs and more unusual choices. Forex trading with Trade Nation enables strategic investments in the currency market, with leverage ratios tailored to the trader’s regulatory environment and risk management based on local requirements.
✅Commodities – Trade Nation offers many commodities besides precious metals, including agricultural items. These products enable traders to participate in markets impacted by global economic forces, supply and demand, and geopolitical events.
How many forex pairs can I trade with on Trade Nation?
They offer 33 different forex pairs, from mainstream to exotic ones.
Does Trade Nation offer trading in cryptocurrency?
No, they do not presently support cryptocurrency trading.
Leverage and Margin
This broker has a personalized approach to leverage and margin, focusing on the impact of these factors on a trader’s strategy and risk management.
Leverage is based on the regulatory environment, with a prudent ratio of 1:30 for UK and ASIC jurisdictions and up to 1:200 for South African and SCB traders.
Margin requirements are also based on the asset class and regulatory body, with 3.33% margin rates for currency pairings under FCA and ASIC laws and 0.5% under FSCA and SCB laws.
Lastly, their margin call policy prevents accounts from sliding into negative balance, with a 100% margin call prompting traders to deposit extra funds to keep positions open.
What is the highest leverage available for Trade Nation clients?
They offer the greatest leverage of 1:200 to traders who follow FSCA and SCB standards.
Are margin calls and stop-out levels the same for all Trade Nation clients?
Indeed, margin calls are set at 100% and stop-out levels at 50% for clients.
Deposit & Withdrawal Options
🔍Payment Method | 🌎Country | 💵Currencies Accepted | 🕰️Processing Time |
💳Credit Card | All | GBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, SEK | 1 day |
💳Debit Card | All | GBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, SEK | 1 day |
🏦Bank Wire Transfer | All | GBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, SEK | 1 – 5 days |
➡️Bank Transfers | All | GBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, SEK | 1 – 5 days |
📌Skrill | All | GBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, SEK | 1 day |
💰Crypto Wallets | All | Multi-currency | Instant – 1 day |
Deposit Methods :
Bank Wire
✅Log in to your account and navigate to the “Deposit” section.
✅Select “Bank Wire Transfer” and retrieve the necessary bank account details from Trade Nation.
✅Initiate a wire transfer from your bank account, including your Trade Nation account number in the reference field. Be aware that bank transfers may take a few business days to process.
Credit or Debit Card
✅Log in to your account and select “Deposit.”
✅Opt for “Credit/Debit Card” and enter your card details (card number, expiry date, CVV).
✅Input the amount you wish to deposit and confirm the transaction. Card deposits are typically processed instantly.
Cryptocurrency Wallets
✅Access your account’s “Deposit” section and choose your preferred cryptocurrency.
✅Copy the unique wallet address provided by the broker.
✅Navigate to your cryptocurrency wallet and initiate a transfer, pasting the Trade Nation wallet address as the recipient.
✅Confirm the transfer from your cryptocurrency wallet.
e-Wallets or Payment Gateways
✅Sign into your account and go to the “Deposit” area.
✅Choose your preferred e-wallet or payment gateway option.
✅You will usually be redirected to the e-wallet/gateway provider’s login page to authorize the payment. Once authorized, funds should be reflected in your Trade Nation account promptly.
Withdrawal Methods:
Bank Wire
✅Log in to your account and go to the “Withdraw” section.
✅Select “Bank Wire Transfer” and enter your bank account information.
✅Indicate the amount you want to withdraw, submit your request, and await processing. Bank wire withdrawals can take several business days.
Credit or Debit Cards
✅Sign into your account and go to the “Withdraw” section
✅Select “Bank Wire Transfer” and enter your bank account information.
✅Request the amount you want to withdraw, submit your request, and await processing. Bank wire withdrawals can take several business days.
Cryptocurrency Wallets
✅Choose your desired cryptocurrency in the “Withdraw” section of your account.
✅Provide your cryptocurrency wallet address.
✅Enter the amount you wish to withdraw, confirm the transaction, and allow processing time.
e-Wallets or Payment Gateways
✅Access the “Withdraw” area in your account.
✅Choose your preferred e-wallet or payment gateway.
✅Proide the withdrawal amount and submit your request. E-wallet/gateway withdrawals are generally swift.
What currencies can I use to deposit funds into my Trade Nation account?
Yes, they offer deposits in the following currencies: GBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, and SEK.
Educational Resources
Trade Nation offers the following educational resources:
✅Learning Articles –They offer various learning articles on trading fundamentals, market analysis, trading psychology, risk management, and strategy creation, aimed at helping beginners and experienced traders understand markets and improve their tactics.
✅Additionally, tutorials–The broker’s tutorials are practical learning aids that guide traders through the platform’s capabilities. Additionally, transaction execution and tools make them particularly beneficial for hands-on traders who want to familiarize themselves with its features quickly.
✅Trading Guides–Additionally, their trading guides are comprehensive manuals covering specific trading areas, such as forex and CFDs trading, as well as trading principles like leverage and margins. The tutorials are useful for traders aiming to specialize or increase their trading portfolio.
✅FAQ Section–The FAQ section provides quick answers to common traders’ questions on account administration, trading operations, laws, and platform-specific topics, eliminating the need for direct contact with customer service.
✅Demonstration Videos–Their videos provide traders with an engaging way to learn about their platforms and trading strategies, showcasing trading in action and appealing to various learning abilities. Furthermore, the videos can be paused and rewatched, allowing traders to study at their own pace.
Are there advanced trading strategies discussed in Trade Nation’s educational content?
Indeed, their instructional content focuses on advanced trading tactics and analytical methodologies, appealing to experienced traders seeking to expand their market expertise.
Pros & Cons
✅ Pros | ❌ Cons |
Trade Nation provides a good range of Forex pairings, indices, and commodities to trade | Access to the MetaTrader 4 (MT4) platform has higher costs than the conventional Trade Nation platform |
Trade Nation ensures that account balances will not go below zero, protecting against significant losses | Trade Nation does not provide direct asset ownership |
Their support crew is responsive and accessible in a variety of ways | The platform lacks advanced charting capabilities and in-depth market research, which expert traders may demand |
Our Review Methodology: For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker. Based on our findings, this evaluation comprises positives, disadvantages, and an overall score. We want to assist you in locating the ideal broker for your requirements.
Please remember the following text:
Our broker review is not financial advice. Additionally, we urge traders to seek professional financial advice before making investment decisions.
Addendum/Disclosure: No matter how diligently we strive to maintain accuracy, the forex market is volatile and may change anytime, even if the information supplied is correct when going live.
Investor Warning: Please remember the following text: “Trading foreign currency on margin carries high risk and may not be suitable for all South African investors.”
Before you engage in foreign currency or Contract for Difference (CFD) trading, you must assess your investment goals, skills, risk tolerance, and readiness to face potential risks. Additionally; you should not start investing capital you cannot afford to lose because you could lose part of your original investment.
Broker | Review | Regulators | Min Deposit | Website | |
🥇 | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker >> | |
🥈 | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker >> | |
🥉 | Read Review | FSCA, CySEC, DFSA, FSA, CMA | USD 0 | Visit Broker >> | |
4 | Read Review | SFSA, FSCA, CySec* | USD 5 | Visit Broker >> | |
5 | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker >> | |
6 | Read Review | FCA, FINMA, FSA, ASIC | USD 0 | Visit Broker >> | |
7 | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker >> | |
8 | Read Review | Not Regulated | 0.001 BTC | Visit Broker >> | |
9 | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker >> | |
10 | Read Review | SVGFSA | USD 5 | Visit Broker >> |
In Conclusion
In our opinion, Trade Nation is a leading Forex and CFD brokerage firm that offers a user-friendly platform with strict regulatory compliance. Moreover, its fixed spread policy, high leverage, and extensive training materials make it a viable option for new and experienced traders.
Faq
Indeed, Trade Nation offers various instructional resources, including articles, tutorials, and demonstration videos.
Withdrawals are handled quickly, usually within one business day. However, the funds may take up to five business days, depending on the payment method.
Trade Nation provides leverage to traders under FCA and ASIC laws, with a cautious ratio of 1:30 to comply with local regulatory standards.
Trade Nation benefits from a $0 minimum deposit, allowing traders to begin trading without a hefty initial financial investment.
They offer a High Leverage Account option with up to 1:200 leverage for traders subject to less strict regulatory bodies such as the FSCA and SCB.
Trade Nation is considered a safe broker, as several respected agencies authorize it and take severe precautions to secure customer funds and personal information.
To open an account with Trade Nation, complete a quick online application, verify your identification, and, once authorized, make a deposit to begin trading.
Trade Nation allows you to trade various financial products, including Forex, indices, and commodities.
Yes, your funds are safe since they are housed in segregated accounts with top-tier institutions, and the broker follows the rules to preserve the security of customer assets.
Trade Nation is based in London, United Kingdom, and has worldwide offices in Australia, South Africa, and the Bahamas.
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