Trade Nation Review 2021
Trade Nation Review
Pros / Cons
- Multiple Regulated Broker
- Risk-Free Demo Account
- Spread Betting
- Not Minimum Deposit
- Earn loyalty points to open an account, and every time you trade with them.
- They don't allow clients from Canada, New Zealand, Russia and USA.
- They don't offer crypto trading.
Last Trade Nation review update was on July 8, 2021 @ 7:48 pm
What is TradeNation?
Trade Nation first started its operation in 2014 as Core Spreads. It was a derivative brokerage firm based in the United Kingdom. In 2019, the management rebranded the brokerage as Trade Nation to reflect on its exponential growth and increasing global presence.
Over the last several years, Trade Nation has earned the reputation of providing reliable brokerage service as the company continues to invest in developing its platform and keep adding new trading instruments.
Trade Nation currently has several offices across the world in Australia, South Africa, and the Bahamas. Its corporate headquarter is located on the 9th Floor, Crown Place 30, London in the United Kingdom.
Regulation & Trust
Is TradeNation a legit and regulated broker?
As a brokerage firm focused on serving a global customer base, Trade Nation takes security and regulations with utmost importance. To comply with local regulations in different jurisdictions, the company has registered with relevant regulatory authorities in its key markets.
Trade Nation, by law, maintains segregated accounts in all jurisdictions it operates in. Hence, all client funds are kept separately in top tier global banks.
In the United Kingdom, Trade Nation is regulated by the Financial Conduct Authority (FCA) and client deposits are secured up to £85,000 under the UK’s Financial Services Compensation Scheme (FSCS). To properly serve its European clients, Trade Nation is regulated by the European Securities and Markets Authority (ESMA).
In Australia, Trade Nation operates as a registered financial service provider and licenced under the Australian Securities and Investments Commission (ASIC).
Similarly, its operation in South Africa is regulated by the Financial Sector Conduct Authority (FSCA).
Global clients of Trade Nation usually registered with its subsidiary in the Bahamas and their trading operation in the offshore location is regulated by the Securities Commission of The Bahamas (SCB).
Trading Platforms & Tools
Trade Nation offers an in-house built trading platform that is fully browser-based. It offers Chart IQ’s technical analysis capabilities, including various indicators and tools. You can view price charts in 12 different styles, including line and candlestick charts but you would also have more uncommon options like histogram and baseline to name a few.
Besides the browser-based platform, users can also link their trading account to MetaTrader 4 if they want to leverage the advanced desktop-based software and its automated trading capabilities.
How to use Trade Nation app?
Besides their web platform, they offer excellent mobile apps for Apple iOS and Google Android devices.
How many assets can be traded at Trade nation?
Trade Nation offers several asset classes for trading including Forex, CFDs, Indices, Shares, Commodities, Futures and Bonds. We found there are around 33 Forex pairs you can trade with Trade Nation, including all major and minor pairs as well as some exotic pairs like EUR/ZAR and USD/MXN.
In commodities, Trade Nation offers several key industrial metals for trading. While the options are limited, you still get to pick almost all the key commodities such as Gold, Silver, and Copper
With Trade Nation, you have access to trading broader global macro and diversifying your portfolio by trading various regional indices such as Australia 200, Hong Kong 50, and Japan 225. You can also trade major US and European indices like Germany 30, Switzerland 20, UK 100, and US 500.
Trade Nation is one of a handful of global brokers that offers access to trading bonds. Currently, three bonds are available: BOBL, BUND, and UK LONG GILT.
As the FCA has banned leveraged Crypto products, Trade Nation is currently not offering any Crypto assets for trading.
What are the TradeNation Spreads?
They offer a transparent trading environment and takes pride in offering fixed spreads. Unlike some of its competitors, who widen spreads during volatile market conditions, clients of Trade Nation can be sure that spreads remain competitive and always fixed.
One of the pitfalls of having fixed spreads is that trade executions during volatile times cannot be guaranteed. But it also protects traders from unusually high slippage.
Besides spreads, the only fees charged by TradeNation is the overnight interest rates, which depends on the asset class and the currency the asset is denominated in.
What is their max leverage?
Currently, they offer up to 200:1 leverage, depending on which jurisdiction you want to open your account with them.
Research & Education
They provides educational videos about how to use its platform and often conduct webinars. Major market updates and signals are also available to users via Signal Centre, which is one of the most reputable technical analysis providers in the market.
Type Of Accounts
TradeNation offers a single type of account that includes all its trading assets. But within this one account, they have the option to pick different levels of leverage. A high leverage account will offer up to 200:1 but it will not be regulated in a major financial centre like the United Kingdom or Australia. A low leverage account will offer up to 30:1 leverage but will come with deposit insurance and will be regulated by ASIC/FCA.
You can also open a demo account to practice trading and get familiar with the platform’s features.
How to Open a TradeNation Account?
With just a name/ last name, email and password, you can create a Demo Account with them. The registration process is very quick and simple.
You can upgrade to a Live Account from there.
Deposit & Withdrawal Options
Trade Nation currently has no minimum deposit requirement for live accounts. You can trade with as little as you want. However, keep in mind that you need to cover the margin for your desired trading volume.
For deposits, you can use all major debit cards, credit cards, and bank transfers. You can also use electronic wallet services like Skrill. Usually, your withdrawals are deposited back to your original deposit method, up to your initial deposit amount. But any additional profits can be disbursed anyway you like.
TradeNation takes customer support seriously and you can reach them during market hours via phone 24/5 (Sunday 10 pm to Friday 10 pm GMT) by calling +44 (0) 203 180 5952. Also, you can reach them by emailing at email@example.com Besides offering traditional support channels, Trade Nation maintains a considerable social media presence and continues to update on products & services via Twitter, Facebook, and LinkedIn.
As an internationally focused broker, Trade Nation offers various languages in its trading platform. Currently, English, Hungarian, French, German, Spanish, Danish, Slovenian, Swedish, Portuguese, Catalan, Italian and Vietnamese languages are supported.
However, during account verification, you need to provide English translations of any official foreign document.
Trade Nation has been providing quality Forex and CFD brokerage services since 2014 and run by an experienced management. Being a fully regulated broker that specializes in offering innovative trading products to retail customers, it has gained a reputation for being reliable and transparent.
We liked the fact that they have published a detailed document regarding all fees associated with different asset classes. Also, it is refreshing to find an honest broker that provides an elaborate explanation about how their fixed spread offerings benefit retail clients.
If you are looking for a regulated Forex and CFD broker and want to trade with peace of mind, Trade Nation offers a wide range of assets for trading.