Summary

Trade Nation is a multi-asset brokerage firm founded three (3) years ago. The broker has existed since 2014 and was operating as Core Spread. However, it rebranded to Trade Nation in 2019. Based in London, the company operates through its regional offices worldwide. Having been regulated in multiple jurisdictions, it abides by respective AML directives. 

While the broker provides access to a proprietary trading platform for spread betting, clients can explore CFDs through the industry standard MT4. The broker offers 600+ trading instruments as CFDs, including 500+ shares, 30+ FX pairs, 10+ commodities, 3+ bonds, 20+ indices, and many more. A mobile trading app is also available for on-the-go clients. The company employs fixed spreads charging policy, claiming its pricing structure to be competitive and transparent. Clients can also access a leverage up to 1:200. However, clients residing in countries with strict regulatory frameworks like the EU, UK & Australia can use leverage up to 1:30.  

Whether you wish to scalp to take advantage of small market moves or looking to manage your risk exposure via hedging, the broker allows you to trade seamlessly. Besides protecting clients’ accounts against negative balances, the company offers guaranteed stop loss to avoid slippage issues. While the UK-based clients have indemnity insurance of up to £85000, the broker doesn’t provide a funds compensation scheme in any other region. 

Signing up with the broker is straightforward but needs you to go through multiple steps to open an account, including KYC verification. Newbies can sign up for a retail account, whereas the corporate account is available for skilled professionals. Moreover, the availability of a demo account is equally beneficial for all types of traders, enabling them to practice trading skills without risking actual funds. However, it doesn’t offer swap-free accounts for shariah practising traders. 

The broker supports various payment methods for deposits and withdrawals. However, it doesn’t accept third-party payments. The company doesn’t stipulate minimum deposits, but the amount should be enough to cover your margin requirements. Moreover, withdrawal requests shouldn’t be less than $50 or equivalent. There is no fee on deposits and withdrawals. 

Research and educational resources also make a part of customer support besides a dedicated FAQs section to help clients find a quick resolution to their queries. While customer support is reachable five days a week, clients can connect with the company over telephone, email or live chat.  

Regulations

Trade Nation holds multiple regulations in different jurisdictions across the globe. The company serves clients through its regional offices in London, Sydney, Johannesburg, and the Bahamas. Below is the complete information about the company’s legal names, addresses, registration, licensing and regulations.

Trade Nation Financial U.K. Ltd: The entity holds regulations from the Financial Conduct Authority (FCA) and is located at Longbow House, 20 Chiswell Street, EC1Y 4TW, London. 

• Company Registration Number: 525164

Trade Nation Australia Pty Ltd: The broker is fully authorised and regulated by the Australian Securities and Investment Commission (ASIC) and is situated at Level 36, Governor Philip Tower, One Farrer Place, NSW 2000, Sydney. 

• Company Registration Number: ACN 158 065 635
• AFSL Number: 422661

Trade Nation Financial (Pty) Ltd: The South African entity is located on the 1st Floor, 19 9th Street, Houghton Estate, 2196, Johannesburg, and holds full authorisation and regulation from the Financial Sector Conduct Authority (FSCA). 

• Company Registration Number: 2018/418755/07
• FSP Number: 49846

Trade Nation Ltd: The Bahamas entity is fully regulated and authorised by the Securities Commission of the Bahamas (SCB) and physically located on the 1st Floor, Bayview House, 308 East Bay Street, Nassau.

• Company Registration Number: 203493 B
• SIA-F216

Supported Countries

Trade Nation accepts clients from most parts of the world, including but not limited to the U.K., Australia, Singapore, Spain, Brazil, Columbia, Malaysia, Japan, China, Mexico, Germany, China, Hong Kong, etc.

Available Assets

Market selection is crucial to successful trading. The broker takes pride in providing you with a range of tradable assets across various financial markets, such as forex, shares, indices, energies, metals, and bonds. 

Shares

The broker provides access to stock markets in numerous countries, including the United Kingdom, Europe, Denmark, and South Africa. Over 500+ stock CFDs are available to trade in the listed regions, such as Admiral Group, Barclays (U.K.), Bavarian Nordic, Coloplast (Denmark), Adidas, DEUTSCHE Bank (Europe), and Anglo, Discovery Ltd (South Africa). 

Commodities

A basic good that is traded commercially and may be replaced by other products of the same kind is known as a commodity. Generally speaking, commodities include things like cereals, meat, oil, natural gas, and gold. Trade Nation allows you to trade 10+ commodities.

Indices

Trading in an index entails buying and selling the component equities making up the index. A stock market index tracks the performance of a certain market segment. It is calculated based on the value of specific stocks. You might also say it comprises publicly listed top companies in a given industry. Trade Nation supports 20+ indices, including UK 100, Hong Kong 50, Japan 225, US 100, etc. 

Forex

With a daily trading turnover of 6.6 trillion U.S. dollars, the forex market is one of the most liquid markets in the world. Currencies are quoted in pairs against one another in forex markets to show the relative value of one currency over another. Typically, the Euro to U.S. Dollar (EUR/USD) pair is the most actively traded, followed by the British Pound to U.S. Dollar (GBP/USD) pair. The company offers 30+ currency pairs, including majors, minors and exotics. 

Bonds

Trading bonds is one strategy to capitalise on price changes in government gilts or corporate bonds. Many investors believe bonds are essential to a balanced trading portfolio alongside equities and cash. The broker allows clients to trade 3+ bonds, including BOBL, BUND, and UK Long Gilt 

Spreads

Spread is the difference between an underlying financial instrument’s bid and ask price. Unlike brokers who increase spreads during high market volatility, the company keeps them low and fixed. The table below shows the spreads for different currency pairs, including majors, minors, and exotics. 

Leverage

Leverage involves borrowing funds from your brokers to maximise your market exposure. The available leverage varies depending upon your selected entity and the underlying financial instrument. For instance, the broker offers maximum leverage of up to 1:30 for clients in Australia and the U.K. On the other hand, traders can use a leverage of up to 1:200 while signing up with the Bahamas and South African entities. 

Fees & Commissions

Investors may be subject to trading and non-trading charges such as spreads, commissions and the fee on deposits/withdrawals, account maintenance and inactivity. Trade Nation’s pricing structure appears to align with average industry standards. Let’s quickly go over some of the trading and non-trading fees you might incur while using the broker.

Trading Fees

Spreads

Unlike most brokerage firms, the company doesn’t charge floating spreads. It keeps them fixed instead. Within individual trading sessions, the spread charge remains unchanged, providing clients with a clear picture of the expected trading cost and allowing them to plan accordingly. 

For instance, the broker has a spread from 0.6 pips on major currency pairs like EUR/USD, whereas it applies a spread  from 0.4 pips on indices, such as UK100. Gold spread is from 4 pips, while Crude Oil is accessible for a fixed spread of 3 pips.

Commission

Trade Nation doesn’t charge any commission from its clients. 

Rollover fees/Swap Rates

Clients need to pay swap charges for holding their positions overnight. The broker calculates overnight charges depending upon the market you’re trading and the trade’s direction.

It uses a 1-month Libor (London Interbank Offer Rate), adding 2.5% extra if you trade British pounds (Long Positions). Suppose, If the LIBOR is 1.25% for one month, it would add 2.5% to that amount to get a total interest rate of 3.75%. On the other hand, Instead of paying 2.5% every month, clients will only have to pay 1.5% on trading short positions when the Libor rate is even less than 2.5%. 

Non-Trading Fees

Withdrawal & deposit fees and inactivity costs on dormant accounts are some examples of non-trading fees. There may also be additional costs associated with the exchange of currencies.

Deposit and Withdrawal fee

Trade Nation does not charge a fee for making deposits or withdrawals.

Currency Conversion Fee

Clients who deposit funds in a currency other than the account’s base currency will be subject to currency conversion fees. 

Inactivity fee

Clients do not incur administrative or inactivity charges for keeping their accounts dormant. Traders may cease and resume trading anytime they wish without being charged. 

Trading Platforms

Trade Nation provides clients an in-house and third-party trading platform, including Trade Nation and MT4. Clients can either use them on their desktops or install them on their mobile devices to trade financial markets while on the go. 

Desktop Trading Platform

Trade Nation’s desktop trading platform comes with an elegant design and easy-to-use interface. However, the company has kept its proprietary trading platform so simple that it seems to be missing some key features. For instance, the research function should have been part of the platform by default. 

The platform makes basic tasks like creating a price alert, adding tradable symbols to your favourites, accessing charts, and placing an order relatively straightforward. Moreover, the market explorer’s built-in watchlists and the flexibility to make your own are two of the most applaudable aspects of the Trade Nation’s platform.

Except for the selected Tweets in the Smart News module, the platform doesn’t feature research or news headlines. However, the replicable trading signals in the real accounts under the signals tab appears to be a pleasant addition. 

Chart Tools

While the leading provider of charting tools (ChartIQ) powers the charting functionality of the Trade Nation’s platform, the availability of 30+ drawing tools and 90+ indicators become handy in performing in-depth technical analysis. A guaranteed stop-loss order is one of the order types available on Trade Nation. However, the cost of adding a guaranteed stop-loss order at 3 pips is relatively high.

How to Open an Account and Trade on a Trade Nation Desktop Platform?

Trade Nation’s registration process involves multiple steps to be completed. The company also needs its customers to verify their identity and  submit proof of residence before being allowed to add funds or start placing trades. Let us take you through the step-by-step process of signing up with the broker via desktop. 

1. Access the company’s official website and click on the ‘Start Trading’ button on the top right corner of the homepage.
2. Enter your name, email, password, and country of residence.
3. Mark your acceptance of the company’s marketing policies to proceed further. The broker also wants you to confirm where you heard about them.
4. Confirm your market exposure and previous trading experience.
5. Choose an account type. For instance, if you are new to trading, you might like to select the demo account before going live. However, veteran traders can opt for the real account.
6. Confirm your awareness of the company’s policy to assess your market knowledge and understanding of the level of risk involved in CFD trading, followed by submitting personal details.
7. Provide your date of birth and click continue.
8. Confirm whether you have taken a trading course or worked in a financial institution in a similar role.
9. Indicate your estimated annual income, the worth of assets, and the source of funds.
10. Confirm your employment status, occupation and the relevant industry.
11. Provide the company with your contact details, including telephone number, address and postal code.
12. Confirm your country of citizenship. It may be different from the country of your residence. For example, if you are a U.K. national residing in Germany, you must select the U.K. as your citizenship country.
13. Select the base currency of your account, i-e, USD, GBP, AUD, EUR, etc.
14. Read the terms and conditions and mark your acceptance to finish the registration process.
15. Activate your account by opening the link received via email and submitting the required documents for KYC completion. 

Note: You need a copy of your ID Card/Passport/Driving licence for I.D. verification. A copy of your bank statement or utility bill is also required as proof of residence. Once your account gets approved, you can add funds and start placing trades immediately. 

1. Access the dashboard using your account’s login credentials and navigate to the ‘manage accounts’ tab.
2. Select the account you wish to fund if you have more than one account with the broker.
3. Click on the deposit funds menu and select your preferred payment method, such as Debit cards, Credit Cards, Bank Transfers, Skrill, etc.
4. Enter the amount you wish to add and authenticate the transaction details to complete funds transfers. 
5. Navigate back to the trading terminal and select your preferred financial market. 
6. Click on your favourite tradable asset or find it using the search bar. 
7. Configure your trading preferences, and click on the buy or sell button to place a trade.

Mobile Trading App

Trade Nation also offers a mobile trading app that enables clients to access the markets around the clock anywhere in the world. You can download the Trade Nation app from the respective app stores, such as Google Play Store or App Store for Android and iOS-based mobile phones and tablets. Notably, MetaTrader is also a possibility when it comes to on-the-go trading. 

The broker’s mobile trading app appears to be excellently designed for usability but falls short of competing with the most popular trading apps having more sophisticated capabilities. The Trade Nation mobile app allows users to create a personalised watchlist synchronising with their online accounts. In the Smart News area, you’ll get a curated feed of tweets and articles related to the market. Although the app supports some neat features, such as a specialised feed that tracks business tycoon tweets, it still lacks advanced research functionality.

The mobile trading interface has five tabs on the dashboard screen, including Markets, Trade, History, Insights, and Accounts. Let’s quickly take a look at what’s inside each tab.

Market

The market tab lists all tradable symbols. It also has a search bar to help you find your preferred financial instrument.

Trade

This tab allows clients to configure their trading preferences, such as defining trade value, margin level, stop loss, etc. 

History

Traders can view their recent positions to track their performance using the history tab. 

Insights

The broker features market insights sourced from in-house and third-party providers under this tab. 

The mobile trading app is nearly comparable in functionality to the broker’s desktop platform. But individuals who rely on in-depth technical analysis to make trading decisions may be hampered by the mobile’s limited screen size.

How to Open an Account and Trade CFDs with Trade Nation Mobile Trading App?

Although the broker offers a mobile trading app, you can’t use it for signup. Instead, you must register with the company by accessing the web interface on your mobile device. Here are the steps to open an account using a mobile. 

1. Download the mobile trading app from Google or App Store for your Android or iOS-based mobile phones and tablets. 
2. Open the mobile trading app and click on the signup button. You will get redirected to the web interface to complete the registration process.
3. Enter your name, email and password on the signup form and click continue.
4. Mark your acceptance of the company’s marketing policy and how it collects your data.
5. Indicate whether you are a complete beginner or have some previous trading knowledge.
6. Choose your account types, i-e, Demo or Live account. 
7. Enter your date of birth and click continue.
8. Confirm your previous trading exposure by indicating whether you have taken a relevant trading course or have served in a financial institution in the same role. 
9. Indicate your funding source, approximate annual income, and worth of assets.
10. Confirm your employment status, occupation and your relevant industry.
11. Fill up some questionnaires to enable the broker to assess your eligibility to be enrolled in CFD trading.
12. Provide your contact details, including telephone number, residential address, city, and postal code.
13. Confirm your country of citizenship. It may be different from your country of residence.
14. Select the base currency of your account, i-e, USD, EUR, GBP, etc.
15. Read the terms and conditions and mark your acceptance to continue.
16. Open your email inbox and click on the link received from the broker to complete the KYC process.

Note: You must upload a copy of your National ID card, Driving Licence or Passport for identity verification. Moreover, the broker also asks for a utility bill or bank statement to confirm your address. After getting your account verified, you are good to add funds to your account. 

1. Navigate to the dashboard and click on the manage accounts tab. 
2. Select the account you wish to fund and choose your preferred payment method from the available options, such as Debit Card, Credit Card, Skrill, and Bank Transfers. 
3. Enter the amount and authenticate your payment details to complete the transaction. 
4. Click on the ‘Trade’ tab, and select your preferred tradable instrument. You may also find your desired financial instrument by typing it into the search field. 
5. Define your trading preferences, such as lot size, stop loss, order type, etc. and click on the buy or sell button to initiate your position.

Account Types

Trade Nation doesn’t offer multiple accounts across all its entities. However, clients can sign up for a Trade Nation or MT4 account. The broker also provides a demo account, enabling clients to practice trading skills without committing real funds. 

Demo Account

A virtually funded demo account with unlimited expiry is available at your disposal at Trade Nation. Clients can learn and practise different risk and money management strategies without the risk of losing their actual funds. 

Standard Account

The broker registers all clients under its retail trading standard account. Depending upon their trading preferences, traders need to indicate whether they wish to use the proprietary trading platform or would like to stick to the MT4 during registration. The company sets up your account within the same day, provided that you have completed the KYC process and submitted the required documents. 

Professional Account

Unlike other brokerage firms, Trade Nation neither lists a professional account under its offerings nor stipulates any special requirements for being accepted as a professional client. For more details, please connect with the company support.  

Islamic Account

Unfortunately, the broker doesn’t offer an interest-free Islamic account to facilitate shariah practising traders.

Payment Methods

Deposit Methods

The company supports limited payment methods, including Debit Cards, Credit Cards, Skrill, and Bank Transfers. Clients residing in the U.K. can also fund their accounts using PayPal. The broker accepts deposits in eight currencies, including GBP, EUR, AUD ZAR, NOK, SEK, and USD.

While the company doesn’t stipulate minimum deposits, clients are required to fund their accounts with the amount sufficient to cover their margin requirements. The broker doesn’t accept third-party payments. Therefore, the source of funds should be in your name only. Excluding the bank transfers, the company processes all payments within 24 hours. Bank transfers may take up to 3-5 business days to reflect in your account. 

Withdrawal Methods

Trade Nation processes withdrawal requests back to the source of deposits. For example, if you deposited funds using your bank account, the broker will also credit the funds to your bank account. Unlike deposits, the broker does have a minimum withdrawal threshold of 50 units of your account’s base currency. For example, if you have a GBP account, the minimum withdrawal request shouldn’t be less than GBP 50. The lead time for withdrawals to reflect in your account is the same as for deposits. 

How to withdraw funds from Trade Nation?

• Sign in to your account.
• Go to your account’s main menu and choose “Withdrawal” or “Withdraw Funds.”
• Specify the withdrawal method from the list of available options. 
• Enter the amount and click the submit button to confirm your request. 

Education

Trade Nation’s learning centre includes both introductory materials in the form of trading guides for newbies and advanced pieces featuring news and analysis articles. However, the broker’s educational library focuses more on novice traders than on adding value to the knowledge base of veteran traders. For instance, it features a dedicated section titled as a beginners guide. This section subdivides into four categories, including forex & CFD trading, spread betting and trading signals. The company deserves credit to be given for its effort in making newbies understand all these aspects of trading with thorough examples and illustrative explanations. 

The educational materials and market news categorised in the same place might make it difficult for clients to find what they are looking for based on their level of expertise or interest. Still, some material is worth checking, and it seems the broker is gradually adding more resources to this section. 

Customer Services

The company offers multilingual customer services around the clock. Clients can reach the company five days a week via telephone, email and live chat. It also has a dedicated FAQs section for clients’ facilitation, enabling them to quickly find a relevant solution to their queries on a self-serve basis. 

The company also has representation on different social media platforms, including Facebook, Twitter, LinkedIn, Instagram, and Youtube. 

Reviews

What do Reddit Users say About Trade Nation?

Unfortunately, there is no material available on Reddit. Despite trying several keywords to find something relevant about the broker, our search results came empty every time. Therefore, we cannot share Reddit users’ feedback about whether or not Trade Nation is a viable choice for trading CFDs. 

What do Quora Users say About Trade Nation?

Surprisingly, no information or thread about the broker is available on Quora either. We became more sceptical after finding that the company isn’t being quoted on the most renowned social networking platforms. Not even a single thread is available on Quora that we can refer to and share the public’s opinion about the company.

Trustpilot Users’ Review About Trade Nation

Keeping our fingers crossed, we searched for the company on Trustpilot. Unlike Reddit and Quora, the situation is entirely different on this platform. People seemed highly satisfied with the company. While 15 reviews have been posted so far, the broker holds a rating of 4.1 out of 5 stars. More than 87% of clients rated the company as an excellent choice for trading CFDs, while 13% of customers criticised the company for multiple reasons, including delayed trade executions and poor customer support. 

Forexpeacearmy Users’ Reviews About Trade Nation

The broker seems to be missing representation on Forexpeacearmy as well. We could only find one review. Thankfully, it was in the company’s favour. According to the user, the company should have offered more options for deposits and withdrawals. However, the user also confirmed that the fewer payment options wouldn’t deter him from recommending this broker. 

Is Trade Nation Safe?

Yes! The broker holds multiple regulations worldwide and complies with all AML directives. Furthermore, the company keeps clients’ investments in segregated bank accounts, preferably with top-tier banks. For instance, the broker holds clients’ money in Barclays Bank (London) and Westpac (Australia). It employs advanced security protocols to protect investors’ confidential information, such as SSL encryption and two-step authentication. Moreover, the availability of negative balance protection and guaranteed stop loss helps clients limit their risk exposure. The company also offers funds compensation of up to 85,000 GBP in case of becoming liquidated in a selected region (UK). Overall, the company strives its best to provide a safe trading environment. 

Other Products and Services

Loyalty Scheme

The company offers a cash rebate of up to 20% to clients holding a live account with the company. It automatically enrols registered investors under its Loyalty Program and provides a bonus of up to 1000 points to everyone joining it. 

Bottom Line

Trade Nation prides itself on having the best pricing structure, and the company seems to adhere well to its claim. The broker holds regulations in different jurisdictions worldwide, including the Bahamas, Australia, South Africa, and the U.K, which makes it a relatively secure option to consider for trading CFDs. 

Besides providing various risk management features, such as stop loss, guaranteed stops, and hedging, the company offers indemnity insurance in selected regions enabling clients to seek compensation against losses up to a specific limit. Further, it protects clients’ accounts from incurring negative balances. 

Regarding the availability of trading platforms, the broker offers a custom-built Trade Nation and MT4 powered by MetaQuotes. Both platforms have a user-friendly trading interface, multiple charting options and rich trading tools. 

However, the company account opening procedure is a little time-consuming. Clients need to go through multiple steps just to access the dashboard. The broker then takes additional time amid KYC compliance, keeping clients waiting until their account is verified. Moreover, you have only limited options to fund your account. 

Although the broker meets the high industry standards in providing a research facility, the broker’s educational resource doesn’t look much impressive. The unavailability of customer support over the weekend is also a limiting factor for some clients, especially the job holders.