Trade Nation Review

Edited by: Louis Schoeman

Trade Nation Review

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 Deposit0 USD
4️⃣ Ease of use Rating4/5
🎁 BonusesNone
⏰ Support Hours24/5
🚀 Open an Account👉 Click Here

Trade Nation Review

 

Trade Nation Review – Analysis of Broker’s Main Features

  1. ☑️Overview
  2. ☑️Detailed Summary
  3. ☑️Security Measures
  4. ☑️Account Types
  5. ☑️How to Open a Trade Nation Account
  6. ☑️Trading Platforms and Software
  7. ☑️Fees, Spreads and Commissions
  8. ☑️Which Markets Can You Trade with Trade Nation
  9. ☑️Leverage and Margin
  10. ☑️Deposits and Withdrawals
  11. ☑️Educational Resources
  12. ☑️Pros and Cons
  13. ☑️In Conclusion
  14. ☑️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.

Trade Nation Overview

 

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 Year2014
⌛Regulation and LicensesFCA, ASIC, FSCA, SCB, FSA
4️⃣ Ease of Use Rating4/5
🎁BonusesNone
⏰Support Hours24/5
📊Trading PlatformsTrade Nation, MetaTrader 4
🗂️Account TypesA Live Retail Account with low and high-leverage options
💷Base CurrenciesUSD
📝SpreadsFrom 0.3 pips EUR/USD
⬆️Leverage1:30 (FCA, ASIC)
1:200 (FSCA, SCB)
💶Currency Pairs33+; major, minor, and exotic pairs
💵Minimum Deposit0 USD
💴Inactivity FeeNone
🗣️Website LanguagesEnglish
💸Fees and CommissionsSpreads from 0.3 pips; no commission fees
🤝Affiliate Program✅ Yes
❌Banned CountriesUnited States
➡️Scalping✅ Yes
👉Hedging✅ Yes
🛢️Trading InstrumentsForex, 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.

 Detailed Summary

 

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.

Security Measures

 

Account Types

🔍Account Type🥇Low Leverage🥈High Leverage
⌚AvailabilityEU, UK, Australian tradersSouth African and Bahamas traders
📊MarketsAllAll
💵CommissionsNone; only the spread is chargedNone; only the spread is charged
📊PlatformsTrade Nation, MetaTrader 4Trade Nation, MetaTrader 4
➡️Trade SizeFrom 0.5 lotsFrom 0.5 lots
⬆️LeverageUp to 1:30Up to 1:200
💴Minimum Deposit0 USD0 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.

Demo Account

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.

 Account Types

 

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.

 MetaTrader 4

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.

Trade Nation

 

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.

Trade Nation Fees, Spreads, and, Commissions

 

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.

Which Markets Can You Trade with Trade Nation

 

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.

 Leverage and Margin

 

Deposit & Withdrawal Options

🔍Payment Method🌎Country💵Currencies Accepted🕰️Processing Time
💳Credit CardAllGBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, SEK1 day
💳Debit CardAllGBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, SEK1 day
🏦Bank Wire TransferAllGBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, SEK1 – 5 days
➡️Bank TransfersAllGBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, SEK1 – 5 days
📌SkrillAllGBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, SEK1 day
💰Crypto WalletsAllMulti-currencyInstant – 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.

 Deposit & Withdrawal Options

 

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.

 Educational Resources

 

Pros & Cons

✅ Pros❌ Cons
Trade Nation provides a good range of Forex pairings, indices, and commodities to tradeAccess 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 lossesTrade Nation does not provide direct asset ownership
Their support crew is responsive and accessible in a variety of waysThe 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.

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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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