Finsa Pty Ltd, known as Trade Nation, is a global finance broker based in the UK, offering a range of tools on the MetaTrader 4 (MT4) platform. In this review, we break down the spreads and fees, customer service, withdrawal times, and mobile app options. Find out whether to start trading with Trade Nation today.
Trading Platforms
Trade Nation provides both proprietary trading software and MetaTrader 4.
MT4 is popular with seasoned traders because its charting allows clients to tailor their analysis to personal tastes. It has up to 30 integral indicators and over 2,000 unique market analysis features, allowing clients to detect trends and execute trades in real time.
The Trade Nation proprietary interface provides 12 interactive graphs that are easily digestible for all experience levels. Clients can use the editing tools to join data on graphs, plus the optional built-in deal button ensures trades can be executed quickly and accurately.
Products
Trade Nation prides itself on being transparent through every step of the trading process, this includes their asset selection. They have a choice of 33 forex pairs, 31 indices (23 popular and eight exotic), nine commodities (energy and metal) and three bond options. They supply market knowledge sheets with all the required information, detailing every instrument and its spread, broken down by trading hour.
Fees
Trade Nation invites their prospective clients to compare their charges with alternative brokers, confident that they provide competitively low fees. Their fixed trading costs mean customers benefit from low fees, even when the market is volatile.
Before 10 pm both the EUR/GBP and EUR/USD spreads are 0.6 pips. The market information sheet provides spread details for all times of the day.
Like most brokers, Trade Nation applies funding charges to trades held overnight, known as rollover fees. This is because when clients trade on margin, they only hold a small percentage of their position’s total value. Trade Nation lends them the full amount, and so customers holding positions after 10 pm will incur a funding fee centred on present interest rates
Leverage
In the UK, Trade Nation is regulated by the FCA. For these accounts, leverage is offered up to 1:30 on forex pairs. Lower leverage limits apply to alternative assets.
Using leverage to increase positions can come with risks that all customers should be aware of. Leverage can increase earning potential for each trade, but it can also enhance losses.
Mobile Trading
Trade Nation offers a fully functioning app for iOS and Android users. It is quick and simple to navigate, offering the opportunity to open both practice and live accounts. Users can create bespoke watchlists and place stop orders to ensure they can exit a trade if the market falls, constraining possible losses.
As Trade Nation is linked with MT4, its clients have access to the MetaTrader 4 app as well. It affords users control over their accounts while allowing them to trade forex on the go.
Deposits & Withdrawals
Trade Nation offers a competitive approach to payments since there is no minimum deposit. Clients only need to cover the margin requirements of a trade. This means that minimal buy-in is required, and so it appeals to traders of all experience and capital levels. You can make your deposit using a credit card, debit card, or bank transfer. Whilst the other options are instant, bank transfers can take around 3 days.
For withdrawals, Trade Nation has a minimum withdrawal amount of £50. Withdrawals are fee-free and are completed within 5 business days. In line with anti-money laundering regulations, all funds must be returned through the original deposit method.
Demo Account
Trade Nation offers practice-and-learn accounts to get their clients used to a new platform. This risk-free demo account is free of charge and allows you to build confidence before trading. Up to £10,000 in virtual funds is available. In addition, you can book a one-to-one walkthrough session where a mentor can help you with your virtual trades. This unique experience can be found through a call-back service on their website.
UK Regulation
Trade Nation is regulated by the FCA. This is on the most reputable authorities globally, and through the FSCS, they deliver an £85,000 deposit protection scheme.
Additional Tools
The Trade Nation website provides platform guides, plus different educational videos and tutorials. Combined with the one-to-one walk-through sessions for the demo accounts, Trade Nation offers a unique educational space for beginners. In addition, their ‘Smart News’ feature cross-references social media and other sources to give insights about market trends. This allows their customers to make informed and educated trades.
Live Accounts
With only two accounts available that offer the same market access, fees and trading tools, Trade Nation aims to keep its account structure simple. They have a leverage account (up to 1:30).
Customer Support
Trade Nation’s ‘Customer Success’ team is available 24/5, Sunday 10 pm – Friday 10 pm GMT:
- Email – support@tradenation.com
- Telephone – +44 (0) 203 180 5952
You can also find Trade Nation on X, LinkedIn, Instagram, YouTube and Facebook.
Security
Prior to opening an account, customers must answer a series of questions to grant them access to a live account. This is a security measure to ensure that beginners practice with a demo account before risking their own money. In addition, Trade Nation follows stringent data privacy practices and keeps accounts separate to ensure all customers are protected.
Should You Invest With TradeNation?
Trade Nation is a reliable brokerage, supporting its clients with thorough educational resources and bespoke customer service. Being FCA regulated, its a legitimate option for UK clients. With low fees, no minimum deposit, and a wide range of products, Trade Nation works for a range of traders.
FAQ
Is Trade Nation Regulated?
In the UK, Trade Nation is regulated by the FCA. The FCA is a stringent regulator that focuses on the protection of retail traders. This means that the broker must offer negative balance protection, clients’ funds must be segregated and margin trading is capped to certain leverage limits.
Does Trade Nation Have A Mobile Phone App?
Trade Nation offers a fully functioning mobile app for iOS and Android users. The app is quick and simple to navigate, offering the opportunity to set up both practice and live accounts. Users can also create bespoke watchlists for trades that they are interested in, view graphs and charts and execute trades on the go.
Does Trade Nation Offer A Demo Account?
Trade Nation offers practice and learn accounts with £10,000 in virtual funds. All beginners are recommended to open a demo account as there will be a short platform quiz to ensure traders are proficient before executing live trades.
Is Trade Nation Legit?
Yes, Trade Nation is a legitimate broker that is regulated by the FCA. Therefore, it must adhere to certain requirements that protect retail investors, including limits on leverage and segregating client funds from those of the business.
Does Trade Nation Offer Fixed Spreads?
Yes, Trade Nation is always transparent about the fees they charge. They offer fixed spreads, meaning traders can be assured of the cost involved with each position opened.
Top 3 Trade Nation Alternatives
These brokers are the most similar to Trade Nation:
Pepperstone – Founded in Australia in 2010, Pepperstone is a leading forex and CFD broker serving over 830,000 clients globally. It provides access to 1,400+ instruments through MT4, MT5, cTrader and TradingView, with low, transparent pricing. Regulated by the FCA, ASIC and CySEC, Pepperstone offers a secure trading environment for all experience levels.
IG – Established in 1974, IG is a unit of IG Group Holdings Plc, listed on the LSE as IGG. It provides access to over 17,000 markets through intuitive platforms and apps. For half a century, IG has remained an industry leader, excelling in all vital aspects for traders.
FxPro – Founded in 2006, FxPro is a respected NDD broker providing access to over 2,100 markets. Serving over 2 million global clients, it has won more than 145 industry awards for its trader-friendly conditions.
Trade Nation Feature Comparison
| Trade Nation | Pepperstone | IG | FxPro | |
|---|---|---|---|---|
| Rating | 4.4/5 | 4.8/5 | 4.5/5 | 4.4/5 |
| Markets | CFDs, Forex, Indices, Shares, Commodities, Futures, Bonds, Spread Betting | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto CFDs (only Pro clients), Spread Betting | CFDs (not in US), Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting (UK only) | CFDs, Forex, Stocks, Indices, Commodities, Futures, Spread Betting |
| Minimum Deposit | $0 | $0 | $0 | $100 |
| Minimum Trade | 0.1 Lots | 0.01 Lots | 0.01 Lots | 0.01 Lots |
| Demo Account | ||||
| Regulators | FCA, ASIC, CMVM , FSCA, SCB, FSA | FCA, ASIC, CySEC, BaFin, DFSA, SCA, SCB, CMA-Kenya | CFTC, NFA, FCA, BaFin, ASIC, FINMA, MAS, JFSA, FMA, DFSA, BMA, CONSOB | FCA, CySEC, FSCA, SCB, FSA |
| Education | ||||
| Platforms | MT4 | MT4, MT5, cTrader | MT4 | MT4, MT5, cTrader |
| Leverage | 1:30 (Retail), 1:200 (Pro) | 1:30 (Retail), 1:500 (Pro) | 1:30 (Retail), 1:222 (Pro) | 1:30 (Retail), 1:500 (Pro) |
| Visit | Visit 73.8% of retail investor accounts lose money when trading CFDs with this provider. |
Visit 73-89% of retail investor accounts lose money when trading CFDs with this provider. |
Visit 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
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| Review | Trade Nation review | Pepperstone review | IG review | FxPro review |
Trading Instruments Comparison
| Trade Nation | Pepperstone | IG | FxPro | |
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| Volatility Index |
Trade Nation vs Other Brokers
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