Trade Nation Review 2023
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.
About Trade Nation
With offices in London, Sydney, Johannesburg and the Bahamas, Trade Nation aims to cater to global clients. Their fixed trading costs mean charges will not increase when markets become volatile, minimising customer risk and maximising profit potential.
Their bespoke service offers the MT4 trading platform where customers can trade CFDs, all the while receiving educational cues from their instructive online webinars.
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.
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.
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. These small savings can add up quickly for those with high trade volumes, resulting in increased profit margins.
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 minor funding fee centred on present interest rates. Those looking to avoid these fees should day trade, closing all positions before the end of trading hours.
For further information on their fee structure, clients can contact customer support.
As Trade Nation permits worldwide clients, the leverage on offer varies depending on customer location.
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.
Trade Nation offers a fully functioning app for iOS and Android users. With five star reviews on the app store, 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. This app has 8.2K reviews and a 5-star overall rating. It affords users complete 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.
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.
Deals & Promotions
Trade Nation’s loyalty scheme allows you to earn points every time you trade. The cash rebate could be up to 20% of your trading costs ($10,000 required to achieve 20%). When you open an account, you will automatically be registered in the loyalty scheme and gifted 1,000 points. Sadly, the loyalty scheme is not available for UK customers due to FCA regulation.
In addition, Trade Nation often holds competitions, details of which can be found on their website. Check out bonus clauses before you open an account.
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.
Their worldwide branches are regulated by the Australian Securities and Investments Commission (ASIC) in Australia, the Financial Sector Conduct Authority (FSCA) in South Africa, the Securities Commission of The Bahamas (SCB), and the Financial Services Authority (FSA) Seychelles.
The Trade Nation website provides platform guides, plus 16 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.
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 low leverage account (up to 1:30) which is regulated by reputable agencies, and a high leverage account (up to 1:200) where customers do not benefit from regulation and compensation.
Trade Nation’s ‘Customer Success’ team is available 24/5, Sunday 10 pm – Friday 10 pm GMT:
- Email – firstname.lastname@example.org
- Telephone – +44 (0) 203 180 5952
You can also find Trade Nation on Twitter, LinkedIn, Instagram, YouTube and Facebook.
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 global brokerage, supporting its clients with thorough educational resources and bespoke customer service. Being FCA regulated, its UK clients can be sure their money is protected. With low fees, no minimum deposit, and a wide range of products, Trade Nation is the perfect broker for any level trader.
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. With five star reviews, 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.
Compare Trade Nation with Other Brokers
These brokers are the most similar to Trade Nation:
- Pepperstone - Pepperstone is a leading online broker with over 400,000 clients in more than 175 countries. The top-rated brokerage offers excellent market access, industry-leading platforms in MT4, MT5, TradingView and cTrader, plus low fees with no hidden charges. Pepperstone is also heavily regulated with a high trust score, holding licenses with reputable bodies, including the FCA, ASIC, DFSA, and CySEC.
- Avatrade - AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for trading, alongside a comprehensive education center and multilingual customer support.
- IG Index - IG is an award-winning broker that has an excellent reputation globally. The brand offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
Trade Nation Feature Comparison
|Trade Nation||Pepperstone||Avatrade||IG Index|
|Markets||Forex, Stocks, Commodities, Crypto||Forex, Stocks, Commodities, Crypto||Forex, Stocks, Commodities||Forex, Stocks, Commodities|
|Minimum Trade||0.1 Lots||0.01 Lots||0.01 Lots||0.01 Lots|
|Regulators||FCA, ASIC, FSCA, SCB, FSA||FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB||ASIC, CySEC, FSCA, ISA, CBol, FSA, FRSA||FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA|
|Platforms||MT4||MT4, MT5, cTrader||MT4, MT5||MT4|
|Leverage||1:500 (entity dependent)||1:30 (Retail), 1:500 (Pro)||1:30 (Retail) 1:400 (Pro)||1:30 (Retail), 1:222 (Pro)|
Trading Instruments Comparison
|Trade Nation||Pepperstone||Avatrade||IG Index|
Trade Nation vs Other Brokers
Compare Trade Nation with any other broker by selecting the other broker below.
|Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions including the UK and Australia. The firm offers low-cost fixed and variable spreads on 1000+ assets with robust trading platforms and training materials. The Signal Centre can also be used for trade ideas.|