Trade Nation is a legitimate broker with headquarters in the UK and the regulatory oversight to prove it. This brokerage is regulated by a number of top-tier regulators such as the FCA and ASIC.
This means that clients of this brokerage are fully protected according to the standards of two of the most widely recognized regulatory bodies.
Throughout this Trade Nation Review readers will find all of the necessary information that will make their decision whether to sign up with this broker significantly easier.
One of the crucial factors to consider beyond the obvious question of regulation is also what kind of trading environment this broker provides for their clients.
Trade Nation does what it can to provide a healthy trading environment that puts a large emphasis on quality educational tools that are there to support traders all the way from novices to seasoned pros.
It is also important to note that this brokerage does not have a minimum deposit requirement even though they do set a minimum withdrawal requirement at a relatively low $50.
Trade Nation Pros and Cons
Even though this is a quality broker it goes without saying that every brokerage comes with their own pros and cons.
- Fast account opening
- Top-tier regulation across multiple markets
- A low minimum deposit required
- No inactivity fee
- Available demo account
- High-quality support 5 days a week
- Incredible educational material
- Negative balance protection
- Desktop and mobile platforms do not offer two-step authentication
- High forex fees
- No price alerts
- The search function could be improved
- A limited selection of tradable instruments
It is fairly easy to see that the pros of this brokerage far outweigh the cons. The primary concern that we have in terms of cons is the lack of two-factor authentication for both the mobile and desktop versions of the platform as this could pose a slight security risk. In terms of pros, Trade Nation has a lot to offer with its top-tier support, education, and regulatory status.
One of the sometimes overlooked benefits of this broker is just how easy it is to set up an account. Another factor that could swing your choice is the fact that this brokerage does not charge an inactivity fee.
|Regulation||FCA, ASIC, FSCA, SCB|
|EUR/USD Spread||0.6 pips fixed spread|
|Base Currencies||Several base currencies are available|
|Education||Included free education|
Is Trade Nation Safe? License and Regulation
This broker is fully licensed and regulated by a number of tier-one regulatory agencies:
This means that trading with this broker is completely safe as they are in full compliance with the rules and regulations of legitimate regulators.
When looking for a broker, it is crucial to make sure that the brokerage in question has legitimate regulators behind them.
This ensures that the investment firm in question is not predatory and that they follow the rules set in place to protect traders.
Regulators serve the purpose of safeguarding the rights of traders and have their interests in mind when creating and enforcing the regulations that they do.
Account Types Available at Trade Nation
This brokerage offers its clients two basic account types, Individual accounts,s and Corporate accounts. This simple system allows the broker to provide a fairly seamless and quick account opening procedure. Opening an account with this brokerage can be done fully online in 6 simple steps.
The only thing about opening an account with this brokerage is that all documents must be provided in English. In terms of the two account types, they both offer reasonably low fixed spreads and the major differences are just there to tailor the experience to the needs of different kinds of users from corporate clients to individual traders.
Both account types feature a $0 minimum deposit as well as a free demo account for those looking to test out their strategies without the risk of losing their actual funds.
Trading Platform at Trade Nation
This broker offers a variety of ways for their clients to place trades:
With Trade Nation traders are given the option of choosing between two great platforms each with their own benefits and drawbacks.
For example, MetaTrader4 is known as an industry standard that offers near-endless customizability as well as a wealth of tools to help traders in making the best possible decisions at any given moment.
While the majority of traders may prefer sticking to the already well-known and established MetaTrader4 this broker also offers their proprietary web trader called CoreTrader2. This platform offers a fair degree of flexibility as well as a variety of tools.
All in all, even though the CoreTrader2 platform is very well built it still can not compete with an industry favorite like MetaTrader which has made incremental improvements based on the feedback of thousands and thousands of active traders across the whole world.
Trading Instrument Available at Trade Nation
One of the key things traders have to take a look at when selecting a broker is what trading instruments are offered by the broker. In the case of clients of Trade Nation they are able to trade the following:
This means that traders are able to trade commodities, indices, shares as well as forex pairs. The wide variety of tradable instruments makes this broker suitable for any type of trader.
The one drawback in terms of the offer made by Trade Nation is the fact that they have high forex trade fees compared to other legitimate brokers.
Trade Nation Deposits and Withdrawals
When searching for a broker the payment methods that they offer are incredibly important. Those considering the Trade Nation brokerage are in luck as this broker accepts a variety of legitimate payment methods. The payment methods are as follows:
- Debit card
- Credit card
- Wire transfer
All of the mentioned payment methods above are safe ways for clients to make payments. This is a hallmark of a legitimate brokerage, offering a number of safe payment methods to their clients.
In other words, if an issue should arise, clients of Trade Nation have a couple of ways to retrieve their funds. As far as credit card payments are concerned, clients can always initiate a chargeback with the help of their bank.
This also applies to payments made via wire transfer except the process is called a recall. In both cases, the client is able to retrieve their funds without issue.
The only limitation that this broker puts on making a withdrawal is the minimum of 50 in the currency that their account is set up in. For those trading with euros, this would mean that the minimum amount that they are able to withdraw is 50 euros.
Trade Nation Education and Resources
One major positive for Trade Nation is the high level of educational material that they provide for their users. Clients of this brokerage have access to the following educational materials:
- Demo account
- Platform tutorial videos
- General education materials
- A full glossary of trading terms
- High-quality articles
With Trade Nation even the most experienced traders can make use of the tools that this broker provides with the insightful and diverse webinars hosted on a regular basis.
An educational tool that can sometimes be overlooked is the demo account. With a demo account, those who are new to trading have a chance to get used to the trading platform offered by the broker.
This works best when used in tandem with the platform tutorial videos that this broker also provides. On the more experienced side of the trader spectrum, a demo account is a valuable tool that can be used to test a range of different trading strategies.
All in all if top-tier educational material is important for you as a trader this brokerage would make a perfect match.
Customer Service Overview
While doing the research for this Trade Nation review we have come across many user reviews complimenting the quality of customer care offered by this investment firm. Clients of Trade Nation can reach them 24 hours a day 5 days a week via the following channels:
- Live chat
All three contact methods have shown to be very responsive with the fastest answer time being with live chat.
The broker provides its customer support services in a variety of languages. The only drawback to the customer support provided by Trade Nation is the fact that they do not operate 24/7.
When choosing a broker it is important to also know how and when you can get in contact with them in case you have any issues with your account.
Trade Nation Overall Summary
Trade Nation is a high-quality broker which provides its clients with a very healthy trading environment that sets them up for success.
Between the high-quality customer support provided by this broker and the commitment to providing amazing educational materials, it is quite easy for us to recommend this broker. Regulated by FCA and ASIC.
Overall this broker gives clients a great trading environment. Part of this is an opportunity to place their trades through the industry standard MetaTrader4 trading platform as well as CoreTrader2.
FAQs About Trade Nation Broker
How Long will it take for my Trade Nation Account to be Approved?
The account opening process is quite quick and completely done online, it should be noted that all documentation has to be submitted in English.
Who Is the Trade Nation Regulated by?
This brokerage is regulated by the FCA, ASIC, FSCA, and SCB.
Is there a Minimum Deposit at Trade Nation?
This broker does not require a minimum deposit as they state that the minimum amount to open an account is $0.
Is there a Minimum Amount I can withdraw at Trade Nation?
The minimum required to make a withdrawal is 50 of whichever currency your account uses.
Does Trade Nation Have a Mobile Trading Application?
This broker provides a functional trading platform for those looking to trade via mobile.