Trade Nation Review

Trade Nation Ratings at a Glance

Trade Nation Product Offering

Trade Nation offers diverse tradable instruments, empowering traders to create diversified portfolios and capitalise on different investment opportunities. These instruments include over 30 forex pairs, 20+ popular indices (cash & futures), differential indices, commodities (energy  & metals), bonds and shares from Europe, Asia, US and the U.K. Clients contracting with the Bahamas and Seychelles can also trade cryptocurrency via the Trade Nation's web platform.

You can trade these assets via Trade Nation's unique web-based proprietary platform ("TN Trader") or the MT4 trading platform. The web platform has simple steps for executing core functionalities, including opening a chart, setting an alert, placing an order and adding a symbol to your favorites. All major modern browsers support it. You can create multiple custom watchlists by pressing the + symbol on the Action Tab or use the pre-defined watchlist for popular markets available in the market explorer. 

ChartIQ, a reputable web-based charting software within the finance or online brokerage industry, powers the charting for both the web and mobile platforms. Trade Nation's web charts boast over 30 drawing tools and 90+ indicators, providing rich technical analysis capabilities. You can adjust your timescales from one minute to one month. Additionally, you can easily overlay information on the chart. Trade Nation offers multiple order types, including market, guaranteed and trailing stop-loss. 

Trade Nation offers a Smart News module that provides access to curated tweets and news headlines. Traders can access the Signal Center, which offers trade signals from FCA-regulated brokers for daily trade ideas, and apply filters as needed. While the proprietary web-based platform is strictly for spread trading, the MT4 platform enables you to trade leveraged CFDs across diverse markets, from forex and indices to equities and commodities. Investors prefer MT4 because of its customisable and interactive charts plus the capability to run trading robots, algorithmic trading and mobile trading applications. 

The platform provides 38 built-in indicators, over 2,000 free custom indicators for market analysis and 24 analytical objects for trend detection. Users can write algorithms for automated trading using the MQL4 programming language, which is downloadable from the MT4 codebase. The MetaTrader marketplace features live trading signals. You can find a demonstration video on Trade Nation's website that explains how to link your account to the MT4 terminal.

Market Research and Educational Resources

Trade Nation offers numerous excellent educational and market analysis or research tools. The Smart News Module of its web trading platform and mobile app is the primary Trade Nation market research source. 

Smart News provides alternative news from independent sources, aiming to keep investors ahead of the market with valuable insights beyond traditional company-reported data. By cross-referencing social media with specific financial events, like interest rate decisions by the central bank, Trade Nation provides traders with precise and real-time threads relevant to their interests, including daily reports and the latest breaking news. Another excellent research tool is the Signal Centre. Here, traders can access 30 different trading ideas daily from FCA-regulated brokers and apply filters before trading. 

The educational resources comprise numerous trading articles covering the fundamentals of CFD trading and spread betting, including technical and fundamental analysis and trading types (scalping and day trading). These resources are found in the "Trading" and "Insights" categories of the website and also include trading video tutorials or webinars. It encompasses various how-to videos on the broker's official YouTube channel. 

Trade Nation offers 24-hour customer support on weekdays through multiple channels, including live chat, email and phone. The live chat feature facilitates real-time responses and immediate assistance from the support team. However, if you prefer to speak directly with a customer service representative, you can do that via phone. Response time is about a minute. You can email the support team for less urgent inquiries or complaints requiring detailed explanations. 

Remember that Trade Nation's website includes a comprehensive FAQ section that addresses common questions and concerns, meaning you can quickly find information without contacting customer support. Trade Nation also maintains an active presence on popular social networking platforms, including Twitter, Instagram, LinkedIn, YouTube and Telegram, where it posts expert insights, market reactions and how-to tips. 

These channels provide an additional means of connecting and engaging with the team and the brokers trading community to share trading knowledge and learn from others. Trade Nation has an impressive Trustpilot rating of 4.7/5 from 259 reviewers, reflecting its excellent customer support. Clients highly praise the platform's support team for being responsive and knowledgeable.

Trade Nation prioritises the security of users' assets and personal information, implementing rigorous security measures to guarantee a safe and secure trading environment in compliance with regulatory requirements. Various well-reputed regulatory authorities regulate the broker across multiple jurisdictions, including FCA in the U.K., ASIC in Australia, SCB in the Bahamas, FSA in Seychelles and FSCA in South Africa. These regulators enforce stringent capital adequacy, financial reporting and client fund protection requirements, guaranteeing high levels of transparency and security for traders.

In keeping with these requirements, Trade Nation stores traders' assets in a segregated bank account at Barclays Bank in London and Westpac Bank for Trade Nation Australia. The broker employs advanced encryption protocols to protect clients' data during information transfer through its website. And to safeguard sensitive information like personal details and financial transactions, Trade Nation utilises Secure Socket Layer (SSL) encryption, ensuring data remains secure and protected from unauthorised access and potential data breaches. 

Trade Nation offers traders Negative Balance Protection, ensuring clients don't lose more than deposited during widespread market volatility or from leverage. The broker provides various risk management tools such as stop-loss and take-profit orders to better help traders control potential losses and secure profits.

Trade Nation's fee structure is transparent and affordable. It offers commission-free trades and does not charge fees for deposits and withdrawals. This feature allows traders to manage their funds more efficiently and control their overall trading expenses. The broker charges no inactivity fees. Trade Nation offers a low cost fixed spread on its proprietary web platform and a variable spread on the MT4 platform.

Unlike most brokers, Trade Nation maintains a fixed spread even when the market is volatile, over economic announcements for example. For instance, a fixed spread of 0.6 is listed for the EUR/USD pairs. This remains the spread for the whole day, barring a very brief period when the trades roll at the end of the day.

However, depending on the specific time and asset class, it may also get tighter. For example, the spread in Wall Street 30 will tighten from 2.5 to 1.5 at 14:30 U.K. time. The minimum stake size on Trade Nation's platform for customers regulated by the FCA or ASIC is 0.1 on shares and all other markets. For Trade Nation Bahamas, it is 10p (or cents) and 10p for ZAR accounts. Trade Nation's proprietary spread trading platform offers different leverage options depending on your regulatory jurisdiction. For FCA and ASIC-regulated markets, the leverage is set at 1:30 for forex, 1:20 for indices and 1:5 for shares. Leverages can be set as high as 1:500 for other jurisdictions. 

Leverages don't affect your market access, fees, commissions and trading tools. You can access spread trading on margin if your deposit meets the margin requirements. Margin requirements, determined as a percentage of your trade's total value, vary for each instrument and low or high leverage. In line with its pricing transparency, Trade Nation provides a downloadable pdf containing the spread for each asset, margin percentage, minimum stake and more for its proprietary web platform and MT4 platform. Trade Nation profits primarily from the spreads and the interest charged as rollover fees when you hold a position overnight. The interest may depend on your tradable assets, the direction of your trade and how long you keep the position open. 

Trade Nation also offers a free demo or practice account where you can test your strategies with $10,000 worth of virtual money before signing up for the live version. The broker provides a one-to-one walkthrough with this free account, which you can also request through a callback service on the website. Trade Nation offers multiple deposit and withdrawal options, including credit card, debit card, bank transfer, Skrill, Neteller, PayPal and crypto. And there's no account minimum. Trade Nation operates a return-to-source policy, meaning withdrawals are processed via the initial deposit source. The processing time typically takes between 2 to 5 business days but the new Payout feature aims to return funds within seconds or on the same day.

Trade Nation offers a mobile trading app, ideal for traders who prefer to manage their investments on the go. The app is available for iOS and Android devices and fronts a feature-rich and responsive trading experience with similar functionality and tools as the web platform. You can seamlessly place orders, monitor your positions and access cutting-edge charting tools, all from the convenience of your smartphone or tablet.

Trade Nation makes for an excellent user experience with its low cost fixed spreads and zero commission, enabling traders to minimize trading costs. Unlike variable spreads that fluctuate with market movements, Trade Nation's fixed spread remains unchanged during volatility, so traders know what to expect regarding trading costs. Its proprietary platform offers a range of powerful trading tools, including Signal Center, independent insights, market analysis, real-time news feeds, advanced charting tools and more. 

These features help traders identify opportunities, plan successful strategies and gain a competitive edge in the market. Additionally, via its extensive educational tools, including articles and trading tutorials, beginners and intermediate traders can gain a constructive understanding of the financial market and topics of interest. The broker offers a risk-free demo account, allowing novice traders to test the various tools and experience its intuitive handling and navigation before signing up for a live version. Benzinga considers Trade Nation a highly recommendable platform.

Trade Nation vs. Competitors

Trade Nation has a few competitors, like IG Markets and eToro, offering forex and leverage CFD trading. However, IG Markets and eToro offer a more extensive range of tradable instruments than Trade Nation. Like Trade Nation, IG Markets and eToro have proprietary platforms. IG Markets also supports MT4/MT5. Additionally, compared to Trade Nation, both brokers offer more comprehensive educational resources. 

Trade Nation beats both platforms on pricing, offering commission-free trade plus no deposit, withdrawal and inactivity fees and no account minimum. IG Market requires a $250 account minimum, and eToro requires you to deposit at least $50 in your brokerage account and charges a flat withdrawal fee of $5 per transaction. IG Market charges £3 for U.K. shares, among various other charges. Trade Nation also offers more efficient and responsive customer support than eToro and IG Market, as reflected in reviews.

Trade Nation is a user-friendly and well-designed trading platform with the right features to help beginners and experienced traders excel. The fixed spreads and zero commission make it exceptionally appealing for traders seeking to minimize trading expenses and avoid sudden changes from market movements while maintaining access to diverse markets and enjoying a comprehensive selection of trading tools. 

The availability of a mobile trading app allows users to manage their investments on the go, further enhancing the overall trading experience. Overall, Trade Nation's commitment to regulatory compliance, security and excellent customer support makes it a reliable choice for traders seeking a secure, robust and accessible trading environment.

Frequently Asked Questions

Risk Warning: Financial Spread Bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 86% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.