Trade Nation is a broker offering competitive fees. It is compatible with Meta Trader.
Its demo account allows you to train for free

Trade Nation Opinion: Summary

Trade Nation was launched in 2014 under the name Core Spreads. This broker was known for its low cost of trading. It has risen to become a major player in online brokerage. It was in 2019 that it took the name Trade Nation with a more elaborate customer service.

Trade Nation has the advantage of no deposit and withdrawal fees. The trading fees are rather average overall, as they are fixed for most instruments. However, we will see that the fixed spread is a significant advantage. Equity CFDs have fairly competitive fees.

Trade Nation is regulated by the FCA in the UK and by ASIC in Australia. Its international subsidiary is regulated in the Bahamas by the SCB. The necessary security measures for the protection of clients are therefore in place.

Who is Trade Nation for?

Trade Nation is ideal for traders who want to take advantage of a user-friendly platform for trading stocks. With over 1000 stock CFDs and analysis tools on its platform, you can diversify. The mobile application will allow you to track your positions easily. We also note that this is a broker suitable for beginners.

 

 Open an account with Trade Nation 

80% of retail investor accounts lose money when trading CFDs with this provider

 

Trade Nation : Trading fees

Trade Nation has the advantage of fixed spreads. This allows you to have an accurate estimate of the cost of trading.

Trade Nation’s trading fees are acceptable. The broker has the advantage of fixed spreads. A fixed spread means that the difference between the buying and selling price of the asset does not vary. This makes trading costs very predictable, unlike a variable spread. One of the main advantages of a fixed spread is that you know exactly how much you are paying up front. This eliminates any uncertainty since your fees will remain exactly the same, even if the markets become volatile. And when you know the spread in advance, it can also be easier to assess risk.

Variable spreads can be very competitive in normal market conditions. But when volatility increases, they can rise dramatically and trigger pending orders or stop losses at unattractive prices.

Fixed spreads are advantageous when markets become too volatile. This provides ideal conditions for news trading. While variable spreads tend to widen during these times, fixed spreads allow you to place orders and not incur losses due to volatility as soon as you open the position.

At Trade Nation, there is an exception for equity spreads which are variable.

Before comparing Trade Nation’s spreads to other brokers offering a similar standard account, it is important to note that fixed spreads tend to be wider than the average variable spread. This fact should be taken into account when choosing your broker.

Spreads on CFD stocks are very competitive at Trade Nation, starting at 4 cents per share for US stocks (opening + closing position). European stocks start at 0.2%.

For Forex, apart from the major currency pairs, spreads on other currency pairs are quite high. It will be difficult to scalp on these pairs. For the major currency pairs, the fixed spreads with no commission allow for short term trading.

Trade Nation Deposit and Withdrawal Fees

Trade Nation does not charge deposit or withdrawal fees. However, your payment method provider may charge a fee for the transaction.

Trade Nation Inactivity Fee

There are no inactivity fees or account maintenance fees. Therefore, all Trade Nation fees are related to the trade.

Trade Nation Overnight Interest Fee

When you hold a leveraged position until the end of the session at 10:00 p.m. (London time), the broker will charge you an overnight fee based on the interbank interest rate (LIBOR publication). We don’t give you the details of how these fees are calculated. But to give you an idea, if you hold a position of 12,500 euros on the UK 100 index, you pay about 1,287 euros per day, or 0.0001%.

 

 Open an account with Trade Nation 

80% of retail investor accounts lose money when trading CFDs with this provider

 

 

Trade Nation : Account opening

Opening an account is fast and the whole process can be done on mobile.

Account types at Trade Nation are not diversified. We noticed the same trading conditions for both standard and corporate accounts.

Trade Nation offers 2 main types of accounts. The Standard account for individual traders and the Corporate account. The account opening is done online and the verification process is also done on the platform.

Both accounts offer the same trading conditions with a leverage limited to 1:30. They provide access to trading signals, but social trading is not offered. The fees are also the same for both accounts. All educational tools and resources are available through these accounts.

For the base currency of your balance, several choices are available. The currencies offered are: EUR, GBP, USD, AUD, ZAR, DKK, NOK and SEK.

Trading Nation does not currently offer cryptocurrency trading and the Islamic account is not offered. Accounts are validated in 24 hours or less under normal circumstances.

How do I open a Trade Nation account?

Opening an account is as simple as a few steps.

Instructions :

• Step 1 Click on “Join us” in the upper right corner of the home page.
• Step 2 Provide some personal information.
• Step 3 Verify your email address.
• Step 4 Provide other specific information (country of residence, level of trading knowledge, etc.).
• Step 5 Select the account type.
• Step 6 Send a copy of your documents by email.

 

 Open an account with Trade Nation 

80% of retail investor accounts lose money when trading CFDs with this provider

 

 

Trade Nation Demo Account and Trading Simulator

A demo account is available for you to practice trading. This account allows you to practice your trading strategies and familiarize yourself with the broker’s trading platform, products and services. You can explore, learn and make mistakes without taking any risks.

The demo account also allows you to see the effect of the spread on your positions. You will notice that the positions are slightly in the red as soon as they are opened. This ensures that there are no surprises when you start trading for real.

The Trade Simulator is not like a standard demo account where you can trade instruments virtually in real time. Instead, it is a simulation and learning tool that allows you to become aware of the risk involved in opening positions in real time. We like the fact that each step is accompanied by videos explaining what you are doing.

How do I open a Trade simulator demo account?

Step Instructions :

• Step 1 Go to the “Trade Simulator” page and click on “Start now”.
• Step 2 Select your area of residence.
• Step 3 Set your account balance.
• Step 4 Indicate your risk aversion.
• Step 5 Choose the instrument to trade.
• Step 6 Enter the amount and place the order.
• Step 7 Track your position (profit and loss).

 

Trade Nation: list of accepted countries

Trade Nation has offices in the United Kingdom, Australia, South Africa, and the Bahamas. For its clients, the broker is not limited to these countries. Trade Nation accepts almost all clients worldwide with the exception of these countries: United States, Canada, Belgium, Iran, Syria, North Korea and Algeria.

Unfortunately, the broker does not give an exhaustive list of excluded countries, but you can always contact the support or try to open an account to get a confirmation.

 

Trade Nation: Deposit and Withdrawal

Trading Nation is advantageous when it comes to deposits with a minimum of €1.

Trade Nation allows you to make a deposit by VISA or Mastercard, which is the most commonly used deposit method. You can also opt for wire transfer which takes longer, up to 3 days. Skrill deposits are also accepted. There is no minimum deposit, which makes the broker accessible to all types of traders.

PayPal deposit is available for clients residing in the UK.

Withdrawals are returned to the same source as the deposit if the amount does not exceed the initial deposit. To withdraw your profits, you will need to request a bank transfer. Bank withdrawals are usually processed within 3 business days, while card withdrawals are processed instantly.

 

 Open an account with Trade Nation 

80% of retail investor accounts lose money when trading CFDs with this provider

 

Trade Nation: Trading Platforms

Trade Nation has its own webtrader with many features. The broker also offers Metatrader 4 for those who want more flexibility.

Metatrader 4 (MT4)

MT4 is a third-party trading platform. This means that online brokers can purchase its license to offer it to their traders. The platform is particularly suitable for CFD and Forex trading. It is provided by MetaQuotes Software, which is a Russian publisher.

MT4 allows you to trade the instruments offered by Trade Nation. It includes technical indicators for analysis. MT4 is easy to use. You will be able to connect to your account with the MT4 mobile application. It only offers trading features, but can be an alternative to the Trade Nation mobile application.

The added value of MT4 compared to Trade Nation’s webtrader is the possibility to add custom technical indicators. As well as automated trading with EA’s. There are hundreds of trading robots that you can download through the platform via the integrated trading robot marketplace.

Trade Nation’s webtrader

Trade Nation’s webtrader is intuitive and has good search features. This self-developed platform provides user-friendly access to the financial markets. It helps you focus on the most important elements of your trading to maximize your chances of success.

Design and conviviality

The webtrader is simple and well designed for easy handling. The platform is ergonomic and navigation is not a problem. Like most webtraders, there is a list of instruments on the left side of the platform. A search bar is integrated to allow you to access the data of an asset quickly.

On the main window, you can display the chart and add several technical indicators to conduct research. At the bottom of the chart is the position tracking and transaction history window.

Placing orders

It is difficult to follow the market all the time and place only market orders. To make it easier for you, there are several types of orders available. Stop and limit orders, stop loss and take profit. These orders allow you to enter a position when the price of the instrument reaches a certain predefined level at the time you place the order. The take profit and stop loss allow you to automatically exit a position.

Trade Nation also offers the trailing stop, which is very useful for securing your gains. For example, when you set a trailing stop of 50 pips on a EUR/USD position, the stop loss of the position is changed automatically every time the price of the currency pair moves more than 50 pips away from the stop loss.

Trade Nation’s Guaranteed Stop Loss

Trade Nation’s Guaranteed Stop Loss is a position management mechanism that helps limit losses. As the name implies, it guarantees that your position will be closed even if volatility increases significantly; unlike the standard stop loss which is not guaranteed. The guaranteed stop can be given in percentage or price. This feature is very useful in equity markets where gaps are frequent.

The fixed spread and the guaranteed stop contribute to making trading at Trade Nation safer.

Hedging

When placing an order, a “Hedging” box is present above the buy and sell buttons. By checking this box, an opposing position opened on the same instrument will not close the position originally opened. This is how you can unwind hedging strategies at Trade Nation. By default, two opposing orders cancel each other out.

Alerts and notifications

You can set multiple price alerts and receive notifications at the webtrader level, but we noticed the absence of this feature on its mobile application.

Portfolio and reporting

The platform provides detailed reports of your trading activity. At the bottom window of the webtrader there are several tabs. You can track your balance, margin used for open positions, current gains and losses, available balance, etc. The transaction history is also available on the corresponding tab.

Trade Nation on mobile

There are almost all the webtrader features on Trade Nation mobile. This app available for Android and iOS has good search tools. It is user-friendly, mirroring the design of the main platform.

Thanks to biometric authentication, one can access their account in a snap. The integrated search bar allows you to find the instruments and all the features for placing orders on the application are available.

Mobile and desktop (web) experience, what is the difference?

Trade Nation’s webtrader is more complete than the application. Alerts features are missing on this one, but it allows you to follow your positions properly. In addition, all order types are on mobile. Overall, the webtrader is better for researching and placing orders. The mobile app is great for tracking your already open positions.

 

 Open an account with Trade Nation 

80% of retail investor accounts lose money when trading CFDs with this provider

 

Trade Nation: Markets and products

With the absence of crypto-currencies and few Forex currency pairs, Trade Nation’s instruments are limited.

Although the number of instruments is limited compared to its competitors like Vantage FX, the markets offered by Trade Nation are diversified.

Forex currency pairs

Trade Nation offers few currency pairs compared to the competition, only about 30, including all major and minor currency pairs. Few exotic currency pairs are available.

CFD stocks

More than 1000 stocks are offered by CFDs. This is the richest asset class at Trade Nation. However, the stocks are mainly from the US and London stock exchanges.

CFD Indices

There are the major European and US equity indices. Futures of the most popular indices are also tradable by CFDs. Trade Nation offers few indices outside of Europe and North America, but you will find indices on commodity futures: gold, silver and oil.

Commodity CFDs

We have mainly found CFDs on oil: Brent and US Crude and metals (aluminum, nickel, gold, etc.)

Bond CFDs

Trade Nation offers a handful of bonds Bund Future, BOBL Future, etc.

Spread betting

Spread betting, which is similar to binary options, is only available in the UK. It is a leveraged product that allows you to speculate on the rise or fall of financial instruments.

 

Trade Nation: Research

The broker supports traders with a news feed that can be customized and reliable trading signals.

Trade Nation offers good research tools to these traders. But we find it lacking in detailed stock information.

Trading signals – Signal Centre

In Signal Centre you will find trading ideas on currency pairs, indices and commodities. The tool uses mainly technical analysis, but there is also fundamental analysis. Signal Center is not just another trading signals service, it is approved and regulated by the FCA. The experts who provide the signals follow the recommendations imposed by the regulator to give the most accurate information.

Chart analysis with ChartIQ

The webtrader chart is interactive. It can be enlarged or reduced to show more price history. The chart can take several drawing tools. In addition to your own research, Trade Nation has partnered with ChartIQ to detect market trends automatically. ChartIQ is a powerful technical analysis platform.

Chart Trading

For active traders, the Trade Nation platform allows you to trade directly from the chart. This makes it possible to place orders faster. The chart is flexible with convenient features. The 12 chart types offered allow everyone to view the price history in the pattern they want. The time units vary from one minute to one month. But it is not possible to define custom time units.

The platform is available on all popular browsers: FireFox, Safari, Chrome and Edge. We find that the experience on the Chrome browser is the best.

Favorites lists

Set aside the instruments you’re most interested in so you can access their data more quickly. You can create multiple Favorites lists based on your preferences.

Smart News

 

Smart News is the section reserved for the market news feed. The most important news and economic indicators are scrolled in this section so you won’t be surprised by the increased volatility in the markets. This section is also available on mobile.

Smart News is unique in that it cuts through the “market noise” and gives you the information you really need to trade. The sources of news are diverse: traditional media, social networks, broker experts, etc.

Automated trading

Thanks to the Metatrader 4 offering, automated trading is possible with Trade Nation. Some EA’s are designed to trade with fixed spreads, which is what Trade Nation offers.

 Open an account with Trade Nation 

80% of retail investor accounts lose money when trading CFDs with this provider

 

Security

What about security on the Trade Nation trading platform?

From a regulatory point of view, there is no doubt about the reliability of the broker. It is regulated by several financial market supervisory bodies:

• The FCA for the United Kingdom
• The ASIC (Australian Securities and Investments Commission) for Australia and the Pacific zone
• The FSCA (Financial Sector Conduct Authority) for South Africa and part of the African continent
• SCB (Securities Commission of the Bahamas) for the Caribbean

Platforms are also subject to special surveillance. Personal and financial data are protected by strong encryption protocols on computer and mobile application versions.

Like many brokers, Trade Nation has developed strong partnerships with very secure payment providers such as Visa and Mastercard, PayPal (only in the UK), SEPA or SWIFT bank transfers or the eWallet Skrill.

 

Trade Nation: Customer Service

The customer service is available and professional. All means of contact are offered.

Trade Nation does not hesitate to highlight the team behind the broker to arouse the confidence of its customers and prospects. The broker opts for a more humanistic approach to its support which is available 24 hours a day and 5 days a week. Whether you want help with the various features of the trading platform and have general questions about trading, you can contact the support from Sunday at 10pm GMT to Friday at 10pm GMT.

The broker offers a UK based email and phone number. The site also has an instant messenger which we tested. We were taken care of very quickly and the answers given were prompt and accurate.

We liked that the broker offers personalized support to better understand their trading platform. An individual visit of the demo account can be requested through a callback service from the website.

 

Trade Nation: Education

The educational resources are limited to English, which is a hindrance for French speaking clients.

All courses are offered in English. They are more or less complete for a beginner. Trade Nation offers a course on trading in general and its basic concepts. It is accompanied by videos. The explanations are easily understandable.

If you understand English well, you will learn what the markets are and how they work. Trading platforms and regulations are also covered.

There is also a Forex course with trading examples.

There are video tutorials to learn how to use the Trade Nation platform: logging into your account, placing orders, creating a favorites list, using Smart News, etc.

We haven’t seen any webinars or events scheduled on its site. But on the YouTube channel, there are interviews with experts. Everything is in English!

In summary, the training offered is average, there could have been more courses on technical analysis and fundamental analysis.

 

Trade Nation : Regulation

Trade Nation is regulated by several reputable institutions in 4 continents.

There is no deposit guarantee if you live outside the UK. Only the UK branch offers a deposit guarantee to its clients.

Trade Nation is a regulated broker in several countries under different jurisdictions. In the UK, the broker is supervised by its main regulator, the FCA. With this oversight, clients of this subsidiary are given more protection. In addition to the negative balance protection, they also get a deposit guarantee of up to 85,000 pounds. This is thanks to the FCSC, which protects British savers when financial institutions fail.

The broker is regulated in Australia by the Australian Securities and Investment Commission (ASIC), in South Africa by the Financial Sector Conduct Authority Commission (FSCA), and by the Securities Commission of the Bahamas (SCB). Clients of other Trade Nation subsidiaries do not have deposit guarantees, but can still benefit from negative balance protection through the guaranteed stop.

For account protection, we have seen how the guaranteed stop protects your balance. The site also uses SSL encryption to secure all deposits.

For all the broker’s subsidiaries, the client funds are segregated. They are separated from Trade Nation’s own funds. This way, in the event that the broker has problems with its finances, the clients’ deposits will be safe.

The broker’s mobile app and webtrader nevertheless lacks 2-factor authentication which would bring more security to account access.

 

Opinion Trade Nation : Conclusion

Trade Nation is a serious online broker that focuses on user friendliness and customer support. The broker offers a good environment to trade with peace of mind. The fixed spread offer allows you to limit the impact of volatility on your trading activity. Other tools such as trailing stop loss and guaranteed stop allow you to have more security.

This FCA-regulated broker nevertheless offers few instruments to trade besides stocks. And these are mainly British and American. The offer of instruments would have been more diversified. The research tools are good, but there is a lack of data for a fundamental analysis of the instruments offered. The platform is suitable for beginners and intermediate traders.

Trade Nation has not yet translated its site and resources into French. This can be a hindrance for French speaking traders. However, the trading platform is simple and user-friendly enough that you can learn it in a few minutes and practice in a demo.

 

 Open an account with Trade Nation 

80% of retail investor accounts lose money when trading CFDs with this provider

 

FAQ

Is Trade Nation regulated?

Trade Nation is controlled by 4 market regulators, the most important of which is the FCA in the UK.

Does Trade Nation offer MT4?

Yes, MT4 can be downloaded to use the automated trading that is missing on the webtrader.

Trade Nation : fixed or variable spread ?

Trade Nation offers fixed spreads on most of its instruments.

Is Trade Nation a safe site ?

Yes, the broker has put in place the most important capital protection measures. Moreover, it is a regulated broker.

Can we use Trade Nation in France?

Yes, Trade Nation accepts French traders.

Does Trade Nation allow hedging, scalping and EA ?

Yes, Trade Nation allows all types of trading strategies that do not contravene its terms and conditions: hedging, scalping and automated trading with EA.

Does Trade Nation have an Islamic account?

Unfortunately, Trade Nation does not currently offer an Islamic account without swaps, but this could be something the broker adds in the future.

 

 Open an account with Trade Nation 

80% of retail investor accounts lose money when trading CFDs with this provider