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Trade Nation Review: Is The Broker Worth Your Deposit?

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Trade Nation, popular as TN, is a CFD and Spread trading platform that has been active since 2020. The platform is a renowned name in the trading industry, offering low-cost trading and industry-best spreads. However, the real question remains – Is It worth your deposit & trust? When in doubt, this Trade Nation will greatly help you make an informed decision

The broker intends to provide straightforward market access to traders through its simple yet powerful platforms, with professional customer support throughout the whole trading process. 

Impressed with the offerings and innovative services, we decided to have in-depth insights into the platform based on its fees, customer services, product listing and accounts. 

Reviewing the broker wasn’t easy, as the UX and the platform’s design weren’t the same as traditional Forex and CFD trading platforms. 

What Is Trade Nation? 

Trade Nation is a leading spread and CFD broker offering industry-best trading conditions to traders around the globe. Despite its establishment in 2020, the platform previously operated under the name Core Spreads from 2014 – 2019. 

The broker offers services through one of the most advanced trading platforms – MT4, alongside its proprietary mobile application. The transparency in its trading options increases the platform’s trust among its users. For even a little information, TN broker has made a market information sheet available, which includes details of every instrument, spread and trading hours.

As you have got a better idea of what this broker is all about, let’s move forward to the most important part of this Trade Nation review, i.e., its reliability and trustworthiness. 

Is Trade Nation Scam Or Legit? Regulations (Rating – 4/5) 

As a multi-regulated broker, Trade Nation rules out any possibility of being a scam. And our 4/5 rating, which is based on the complete evaluation of its regulatory licenses, also indicated the same.

We were really impressed with the broker, especially in terms of regulations. It holds 4 regulatory licenses from top-tier regulators under different entities working in multiple jurisdictions. Let’s have a look: 

  • United Kingdom: Regulated by the Financial Conduct Authority (FCA) with firm reference number 525164.
  • Australia:  Authorised by the Australian Securities and Investments Commission (ASIC) – ACN 158 065 635, AFSL No. 422661.
  • Bahamas: Regulated by the Securities Commission of the Bahamas (SCB) – SIA-F216
  • South Africa: Regulated by the Financial Sector Conduct Authority (FSCA) – FSP No 49846

Overall, Trade Nation has exceptionally excellent regulations and is safe, secure, and a great choice of broker. 

Trade Nation Review: Pros & Cons

Pros Cons
Free deposit and withdrawal High forex fees
Low spreads on CFDs Unavailability of account types
Professional Customer support No Crypto trading
Excellent research and education tools
Generous cashback rewards available

What Can You Trade On Trade Nation? (Rating – 3/5)

The platform allows spread and CFD trading on 1200+ trading symbols, which include the following: 

Markets Available Trading Instruments
Currency pairs 39
Stock index CFDs 15
Stock CFDs  1100
ETF CFDs 17
Commodity CFDs 9
Bond CFDs 13

Despite the availability of plenty of trading symbols, the markets are limited to just stock, Forex, and commodities. It lacks Crypto trading, which is considered its major downside. Based on our Trade Nation Review findings, we rated the broker 3 out of 5.

Trade Nation Review: Trading Conditions (Rating – 3/5)

The broker claims to offer customer-centric and the best trading conditions; however, we didn’t find anything special. The fees & spreads are slightly higher and the maximum leverage seems to be below the global industry standards. However, a free demo account is an impressive feature. 

Fees, Spreads & Commissions

As a commission-free broker, there are no extra charges to be paid except the spread. Also, there are no deposit or withdrawal charges too. However, the spread charges seem to be on the higher side in comparison to other low-cost forex brokers like InvestFW, Capitalix and TradeEU. 

Here’s a table explaining the platform’s spread charges:

Assets Spreads
Indices CFDs Starts from 0.14 Pips (Fixed)
Stocks CFDs Starts from 0.4 Pips (Fixed)
Forex CFDs Starts from 0.6 Pips (Fixed)

Maximum Leverage

The maximum leverage offerings of the platform vary depending on the country and jurisdiction it falls under. The broker’s leverage offering spans from up to 1:20 to 1:200.

In comparison to the Industry standard’s leverage offerings of upto 1:500, the broker falls short. It needs to be improved.

Minimum Deposit & Trade Size

The platform has no minimum deposit requirements, meaning you don’t need a specific amount to start trading on the platform. You can start with as little as $10. Meanwhile, the minimum trade size is set at 0.01 lots. 

Trading Simulator (Demo Account)

The trading simulator, or Demo account, we say, is the best way to learn about live market conditions. It allows you to trade without real funds, so you don’t lose a single penny if the market doesn’t turn in your favor. Overall, it is the best feature of the platform.  

Trade Nation Review: Accounts Offering (Rating – 2/5) 

The broker’s account offerings are limited to just two accounts: A live trading account and a free practice account. All the conditions, spreads and other facilities remain the same for every trader, irrespective of their experience. 

And as far as this Trade Nation review is concerned, the broker seems to be more suitable for beginners. Therefore, the platform may not suit professional traders. 

How To Open An Account On Trade Nation?

The account opening procedure of the platform is relatively straightforward and fully digital. However, the time it takes to activate may irritate you. We got our account activated in 3 days. So, for folks looking for how to open an account with this broker, here’s a step-by-step guide

  • Click on the “Start Trading” icon. 
  • Now, enter your details like Name, E-mail and a strong Password. 
  • You will soon receive a confirmation mail. Open it and click on the ‘Get Started’ button. 
  • Now, sign in back to your account using the Trade Nation login details. 
  • Choose your country of Residence and account type between a live and a demo account.
  • Enter your DoB and wait for the account activation. 

Trade Nation Review: Deposits & Withdrawals (Rating -3/5)

There are plenty of options available for deposits and withdrawals on the platform. Talking about the deposits, the available payment modes include Bank/Wire Transfers, Credit/Debit Cards, Paypal and Skrill. And there are no extra costs or fees for using these methods. 

Meanwhile, the withdrawals are a bit disappointing in terms of processing time. While withdrawal requests are processed via the same payment methods as in deposits, the minimum requirement may irritate anyone, which is $50.  

Trade Nation Review: Available Trading Platforms (Rating – 3.5/5)

The broker offers trading services through one of the most advanced platforms – MT4 and a proprietary mobile application. While the MT4 platform has its in-built tools to offer, the Trade Nation app lacks some of the crucial research & technical analysis tools. We rated its trading platforms 3.5/5 just because of the availability of MetaTrader4. 

Let’s take a look at some features of Trade Nation’s platforms: 

Desktop Platform – MetaTrader4 (MT4)

  • Available for desktop & Mobile App
  • 9+ timeframes
  • 3 charting types
  • Expert Advisors (EAs) 
  • 30 built-in technical indicators
  • 24 graphical objects
  • Multiple order types
  • One-click trading

Trade Nation App

Trade Nation’s mobile app is simple to use and free to download. It is tailored for both Android and iOS devices. Meanwhile, MAC users can download the application from MetaQuotes for mobile trading. 

  • Available for desktop & Mobile App
  • 9+ timeframes
  • 3 charting types
  • Expert Advisors (EAs) 
  • 30 built-in technical indicators
  • 24 graphical objects
  • Multiple order types
  • One-click trading

Trade Nation Review: Educational & Research Support (Rating – 4/5)

The broker ‘ services are a win-win case in terms of educational & research support. There is an extensive availability of educational articles and blogs, alongside various advanced research tools. 

For Research Support, it offers:

  • Interactive charts
  • Trading ideas 
  • Latest news
  • Easy-to-use charting tools 
  • 95 technical indicators.

For Educational Purposes, the platform offers

  • Trading Articles
  • Blogs

Trade Nation Customer Support Services (Rating – 3.5/5)

The customer services of Trade Nation deserve appreciation. There are different channels available to connect with the support team. The team responds quickly and accurately to users’ queries. However, the e-mail replies may take up to 3 days, which is quite a downside for the broker. 

Here are the complete contact details for Trade Nation customer support: 

Final Words On Trade Nation Review

The analysis report of this detailed Trade Nation Review indicates the platform to be extremely meant for beginner traders. The broker’s trading conditions, low fees, straightforward account opening procedure, and free demo account are all exceptionally good

On the negative side, it falls short in terms of offering a more advanced MT5 platform and Crypto trading. Overall, we wouldn’t recommend this broker. Instead, you should go with other best alternatives like Capitalix, InvestFw or TradeEU. 

FAQs

Is Trade Nation To Be Trusted?

Yes, the broker is trustworthy as it is well regulated by top-tier market regulators like the Financial Conduct Authority (FCA),  the Australian Securities and Investments Commission (ASIC), the Securities Commission of the Bahamas (SCB) and the Financial Sector Conduct Authority (FSCA).

Is Trade Nation Regulated In South Africa?

Yes, the broker is regulated in South Africa by the Financial Sector Conduct Authority (FSCA).

What Is The Leverage On Trade Nation?

The platform’s maximum leverage offerings vary depending on the country and jurisdiction it falls under. The broker’s leverage offering spans from up to 1:20 to 1:200.

Who Is The Most Trusted Forex Broker?

As a multi-regulated broker, Trade Nation can be termed the most trusted Forex broker. It is regulated by the Financial Conduct Authority (FCA),  the Australian Securities and Investments Commission (ASIC), the Securities Commission of the Bahamas (SCB) and the Financial Sector Conduct Authority (FSCA).

Does Trade Nation Have Zar Account?

Yes, South African traders can use ZAR as their account’s base currency. 

Is There A Free Trading Simulator?

Yes, the broker offers a free demo trading account, which it names Trading Simulator. The traders can open a free demo account and can practice on it without the risk of losing real money. 

Is Trade Nation Safe?

Yes, the platform is absolutely safe to trade with, as it holds regulatory licenses from the  Financial Conduct Authority (FCA),  the Australian Securities and Investments Commission (ASIC), the Securities Commission of the Bahamas (SCB) and the Financial Sector Conduct Authority (FSCA).

How To Deposit Funds On Trade Nation? 

Here’s a step-by-step guide:

  • Sign in to Trade Nation’s client area and click on the ‘Deposit Funds.’
  • Choose your preferred funding method and enter the requested details. 
  • Ensure that all the details are correct and click on the ‘Submit’ button. 

How To Withdraw Money From Trade Nation? 

To withdraw funds from the Trade Nation account, follow these simple steps: 

  • Sign in to Trade Nation’s client area and click on the ‘Withdraw Funds.’
  • Choose your preferred funding method and enter the requested details. 
  • Ensure that all the details are correct and click on the ‘Submit’ button. 
  • Your withdrawal request will be processed in 3-5 business days. 

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