Trade Nation Broker Review

Overall Rating

Your Expert Broker for FX and CFD Trading

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  Leverage:

1:30 | 1:200 | 1:500

  Regulation:

FCA, ASIC, FSCA, SCB

  Min. Deposit:

$0 US

  HQ:

UK

  Platforms:

MT4, CoreTrader2

  Found in:

2014

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Trade Nation Licenses:

Trade Nation is a globally recognized Forex and CFD broker with multiple regulatory bodies overseeing their operations. They have established offices in South Africa, the United Kingdom, and Australia. The regulatory jurisdictions they operate under include the Financial Sector Authority (FSAS) in Seychelles, Financial Sector Conduct Authority (FSCA) in South Africa, the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC) in Australia, and the Securities Commission of The Bahamas (SCB). With their international presence, Trade Nation aims to attract clients from around the world, offering superior products, leverage, and an exceptional trading experience.

Although Trade Nation was formally established in 2020, it was previously known as Core Spreads from 2014 to 2019. Core Spreads was renowned for providing cost-effective trading and leading the industry with fixed spreads. These qualities have been seamlessly integrated into the Trade Nation brand.

Trade Nation holds its business outlook and brand values in high regard. They prioritize a “client first approach” and strive for a “fresh approach to trading” as their mission and primary focus. Their dedication to these principles makes it easy to appreciate what Trade Nation stands for.

While Trade Nation offers the popular MetaTrader 4 (MT4) platform, they also provide their own proprietary app and trading platform. Their custom platform boasts an extensive range of tradable assets, featuring fixed spreads and the option for guaranteed stops. The platform is incredibly user-friendly, particularly for those already familiar with MetaTrader 4. Currently, it may not support the addition of custom indicators and EAs, but the potential for future enhancements is promising.

Best Market Maker Broker

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Leverage
500:1
Platforms
MT4, CloudTrade
Minimum Spread
From: 0.0
Broker Type
Market Maker
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Minimum Deposit
0

Best ECN Broker

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Leverage
500:1
Platforms
MT4, MT5, BlackBull Trade, WebTrader, Share Trading, TradingView
Minimum Spread
From: 0.0
Broker Type
ECN
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Minimum Deposit
0

Best STP Broker

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Leverage
500:1
Platforms
MT4, cTrader
Minimum Spread
From: 0.0
Broker Type
STP/DMA
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Minimum Deposit
0

Trade Nation Pros and Cons

Account Information

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Trading Conditions

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Company Details

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10 Points Summary

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Headquarters:

UK

Regulation:

FCA, ASIC, FSCA, SCB

Platforms:

CoreTrader2, MT4

Instruments

FX, CFDs

Demo Account:

Available
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Minimum deposit:

$0 US

Base currencies:

Several currencies offered

Education:

Included on a free basis

Customer Support:

24/5

Trade Nation Regulation

Trade Nation, also referred to as TN, is regulated in five jurisdictions worldwide, which sets them apart and positions them among the leading providers. Their regulatory oversight spans across the United Kingdom (FCA), Australia (ASIC), Bahamas (SCB), Seychelles (FSAS), and South Africa (FSCA).

Trade Nation possesses outstanding credentials, ensuring a safe and secure trading environment, making it an excellent choice of broker. We confidently endorse Trade Nation. They are suitable for traders of various nationalities, with the exception of a few, such as the United States. To determine your eligibility to open an account, a straightforward phone call or live chat through their website will provide you with the necessary information.

Best Market Maker Broker

Table Header
Leverage
500:1
Platforms
MT4, CloudTrade
Minimum Spread
From: 0.0
Broker Type
Market Maker
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Minimum Deposit
0

Best ECN Broker

Table Header
Leverage
500:1
Platforms
MT4, MT5, BlackBull Trade, WebTrader, Share Trading, TradingView
Minimum Spread
From: 0.0
Broker Type
ECN
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Minimum Deposit
0

Best STP Broker

Table Header
Leverage
500:1
Platforms
MT4, cTrader
Minimum Spread
From: 0.0
Broker Type
STP/DMA
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Minimum Deposit
0

Trade Nation Broker Type

Trade Nation operates as a market maker, but they distinguish themselves from ordinary B-book brokers. Their core principle is centered around fair and transparent trading. In essence, you need not worry about who assumes the risk or acts as the counterparty to your trades. As a trader, your primary concern should be receiving favorable execution and equitable pricing. This philosophy is deeply ingrained in their brand values.

Despite being a market maker, Trade Nation stands out from the majority of brokers who claim to be ECN or STP brokers. They provide clients with the fairest opportunity to achieve profitability. Moreover, they embrace openness and honesty in explaining their revenue generation methods. This commitment sets them apart from their competitors, as they eschew practices like price manipulation or internal stop-hunts that could disadvantage traders.

Execution

Indeed, your trade executions do pass through a dealing desk. However, given the aforementioned factors, it shouldn’t be a significant concern. On Trade Nation’s proprietary platform, spreads are fixed, and trade fills are nearly instantaneous without any re-quotes. As for the MetaTrader 4 (MT4) platform, spreads may vary, but they remain extremely narrow and competitive.

Moreover, Trade Nation provides an additional advantage in the form of guaranteed stops, albeit at a minimal cost. The value of having this feature cannot be overstated, as it helps safeguard your stop loss and mitigates potential downside risks. It’s worth noting that very few brokers extend this offering to their clients. As you read through these details, it becomes evident that Trade Nation is fostering a positive trend in their approach to conducting business and treating their traders.

Forex Trading Education

If you’re in search of a brokerage firm that truly prioritizes client education, look no further than TN! They go above and beyond by investing substantial time and resources into delivering high-quality educational content and tools.

Their YouTube channel features a wide range of playlists covering various educational topics and market outlooks. Their platform tutorials are top-notch and can assist even the most inexperienced traders in executing their first trades. Additionally, they offer valuable insights into their operations and brokerage.

One of their most valuable offerings is the “Smart News” feature, available on their Trade Nation app and platform. This tool provides a significant edge when it comes to trading decisions and helps traders stay informed about crucial news events. It also enables users to stay up to date with the latest financial news and global updates. We highly recommend exploring this feature firsthand to experience its numerous benefits. We were genuinely impressed by its functionality.

Furthermore, TN offers FCA-approved trading signals through their trading app and online platform. While we haven’t personally utilized them, they appear promising and have the potential to provide considerable value to traders seeking such a service.

Trade Nation Support

When it comes to customer support, Trade Nation’s dedication is unparalleled. They strive to be available to their clients throughout market hours, which aligns with our belief in optimal service. Their support and customer success team are highly competent, extensively trained, and well-informed, ready to address and resolve any inquiries.

As previously mentioned, their support operates from the market opening on Sunday evening until the market closing on Friday evening, providing assistance 24/5. Regardless of your location worldwide, if the markets are open, Trade Nation is accessible to you.

You can reach out to them through various channels:

Trade Nation Deposits and Withdrawals

Given that TN does not require a minimum deposit, you have the flexibility to try them out with an amount that you feel comfortable with. However, ensure that the deposited amount is sufficient to place trades and cover the margin based on the leverage offered, which typically ranges from 1:20 to 1:500, depending on your jurisdiction.

TN offers multiple deposit methods including Crypto Deposits and is continuously adding new ones to provide greater convenience to their clients.

In our opinion, withdrawals could be improved as they tend to be somewhat slow. Local withdrawals within the UK or AU appear to be processed swiftly. However, clients who have funded their accounts using denominated currency bank accounts in the UK may experience longer processing times. This delay is primarily due to wire transfers, which can take approximately 3 to 5 business days to reflect in the account.

Best Market Maker Broker

Table Header
Leverage
500:1
Platforms
MT4, CloudTrade
Minimum Spread
From: 0.0
Broker Type
Market Maker
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Minimum Deposit
0

Best ECN Broker

Table Header
Leverage
500:1
Platforms
MT4, MT5, BlackBull Trade, WebTrader, Share Trading, TradingView
Minimum Spread
From: 0.0
Broker Type
ECN
Table Header
Minimum Deposit
0

Best STP Broker

Table Header
Leverage
500:1
Platforms
MT4, cTrader
Minimum Spread
From: 0.0
Broker Type
STP/DMA
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Minimum Deposit
0

Trade Nation Trading Conditions

Fair and transparent—that’s exactly how we would describe our experience testing them on a live account for a period of 6 months. We received no preferential treatment, as our testing was conducted anonymously. It’s worth noting that Trade Nation treats all clients equally, regardless of their status, country of origin, or account value.

Throughout our testing, we observed no signs of questionable pricing or any indications of market manipulation by the broker. One notable advantage is their “Negative Balance” protection feature, which provides added security to clients. It’s worth mentioning that this feature is not commonly offered by many other brokers, making it a significant benefit for Trade Nation clients.

Demo Account

Trade Nation provides a complimentary practice account, allowing you to witness their markets in action. This risk-free opportunity allows you to trade with virtual funds, giving you a firsthand experience of their platform and market dynamics. The practice account is activated instantly, ensuring a straightforward and effortless process for you to get started.

Leverage

The available leverage options may vary depending on your country of origin and the jurisdiction you fall under. Trade Nation offers a lower leverage option of up to 1:20, and for most countries, they provide a higher leverage option of 1:500.

Account Types

Trade Nation provides a single account type, aligning with their commitment to treating all clients equally. However, they offer a diverse range of account currency options to cater to individual preferences. These options include ZAR, USD, GBP, SEK, EUR, AUD, NOK, and DKK, ensuring flexibility for clients from various regions.

Trade Nation Trading Platforms

Trade Nation offers a web-based trading platform that eliminates the need for desktop downloads. It conveniently launches directly within a browser window. Recognizing the importance of mobile accessibility, Trade Nation provides dedicated apps for both Android and iOS devices, available for download on the Google Play Store and Apple App Store respectively. These mobile apps are ideal for managing your trades while on the move, ensuring flexibility and convenience.

In addition to their proprietary platform, Trade Nation also offers their own branded version of the popular MetaTrader 4 (MT4) platform. For MAC users, a free version of MT4 is available on the MetaQuotes website, offering seamless compatibility. The mobile trading experience extends to a wide range of devices, as the Trade Nation and MT4 apps are accessible across almost all platforms via the respective app stores.

Trade Nation IB Affiliate Program

Trade Nation offers an incredibly competitive introducing broker and affiliate program. Whether you’re seeking spread revenue, a Hybrid model, or a CPA deal, they provide various options to suit your preferences. The IB/Affiliate department is highly proficient and typically approves accounts within 24-48 hours, showcasing their efficiency and dedication to facilitating partnerships.

Best Market Maker Broker

Table Header
Leverage
500:1
Platforms
MT4, CloudTrade
Minimum Spread
From: 0.0
Broker Type
Market Maker
Table Header
Minimum Deposit
0

Best ECN Broker

Table Header
Leverage
500:1
Platforms
MT4, MT5, BlackBull Trade, WebTrader, Share Trading, TradingView
Minimum Spread
From: 0.0
Broker Type
ECN
Table Header
Minimum Deposit
0

Best STP Broker

Table Header
Leverage
500:1
Platforms
MT4, cTrader
Minimum Spread
From: 0.0
Broker Type
STP/DMA
Table Header
Minimum Deposit
0

Trade Nation Review Summary

Trade Nation is among the brokers we’ve had the pleasure of reviewing, and we are genuinely impressed by their business model. It’s refreshing to see a broker that prioritizes transparency and takes the initiative to educate clients about the operations of the majority of brokers in the industry. Trade Nation fearlessly challenges the status quo, which resonates positively with us. We anticipate them rapidly climbing the ranks to become one of the top three brokers worldwide.

Given their multi-regulated status and the array of other strengths they possess, we awarded Trade Nation a significantly high rating. From a neutral standpoint, we found very few drawbacks to report. However, their slightly slower withdrawal times did result in some points being deducted, preventing them from achieving a possible five-star rating. We remain hopeful that they will make improvements in this aspect. In their own right, Trade Nation stands out as a truly unique brokerage.

Frequently Asked Questions (FAQ)

How long does it take to withdraw money from Trade Nation?

Trade Nation is a globally available broker regulated by the Financial Conduct Authority (FCA). One of the notable advantages they offer is that there are no charges for withdrawals. When it comes to the withdrawal process, Trade Nation typically completes it within a timeframe of 2 days.

Can you trade crypto on Trade Nation?

Clients who have registered under Trade Nation’s Bahamas entity can access cryptocurrency trading through Trade Nation’s Web Platform.

Is Trade Nation a market maker?

Trade Nation falls under the category of a market maker broker. However, they distinguish themselves from typical B-book brokers. They strongly uphold the values of fair and transparent trading. In essence, as a trader, you need not worry about the counterpart or who assumes the risk in your trades.

What is the minimum deposit at Trade Nation?

Trade Nation has eliminated the requirement for a minimum deposit. By removing minimum deposit clauses, Trade Nation’s accounts are accessible to traders across a wide spectrum. Moreover, Trade Nation does not impose any fees on deposits or withdrawals, providing added convenience and flexibility for their clients.

Is Trade Nation safe?

Trade Nation is indeed a legitimate broker as it is regulated by at least one top-tier regulatory authority, indicating a high level of reliability.

 

This regulatory oversight ensures that your funds are secure and significantly reduces the risk of falling victim to any potential scams associated with Trade Nation.

 

When opening an account with Trade Nation, there are no fees or charges involved. You can create your account without any financial obligations. Additionally, you have the freedom to close your account at any time according to your preference.