Trade Nation

Trade Nation is a Forex and CFD trading broker that was established in 2014 under the brand name Core Spreads. This was eventually changed to Trade Nation in 2019 as a trading provider with products such as Forex, CFDs, indices, commodities, metals, stocks, bonds, and more.

Based on our findings, the broker offers its services globally and carries out local entities to support traders in the UK, Australia, South Africa, the Bahamas, and other international destinations.

In general, Trade Nation is a competitive and reputable brokerage firm that provides comprehensive financial solutions to a wide range of clients globally.

Trade Nation Feature

Account Types and Benefits

Which Account Types Are Available with Trade Nation?

Trade Nation offers several account types designed to meet the needs of traders. The broker provides access to three primary account types: TN Trader Account, MetaTrader Account, and Professional Account. Each account is tailored to suit different levels of experience and trading preferences, with varying conditions for deposit, spreads, and leverage.

Additionally, Islamic accounts are available for traders who require swap-free trading conditions. The broker also offers a demo account to allow new traders to practice with virtual funds before committing real capital.

Trader Account

The TN Trader Account is the perfect option for beginner and intermediate traders who prefer a user-friendly interface. This account offers fixed spreads with no commission charges and requires no minimum deposit to open an account.

Traders can access leverage up to 1:500 under the international entities, offering them greater flexibility to execute different trading strategies. The TN Trader Account provides access to a variety of markets, making it an ideal choice for traders who are just starting or looking for a straightforward trading experience.

MetaTrader Account

The MetaTrader Account is designed for traders who prefer the widely used MetaTrader 4. This account type allows for automated trading, comprehensive charting tools, and advanced technical analysis, making it ideal for more experienced traders.

The account features tight spreads starting from 0.0 pips. It is best suited for traders who want a more customizable trading environment with the robust features provided by the MetaTrader platform.

Professional Account

The Professional Account is designed for high-volume and institutional traders who require premium trading conditions. With a higher minimum deposit of $10,000, this account provides tight spreads starting from 0.0 pips and a reduced commission fee per lot, ensuring competitive pricing for large traders.

The maximum leverage available for this account is 1:200, striking a balance between high trading power and responsible risk management. The Professional Account is best suited for experienced traders seeking high liquidity, fast execution speeds, and a premium trading environment.

Cost Structure and Fees

• Brokerage Fees

Trade Nation offers its clients a transparent and competitive fee structure, ensuring that traders are fully aware of the costs involved in their trading activities. The broker charges various fees, including spreads, commissions, and overnight fees, depending on the account type, instruments traded, and trading volume.

Additionally, Trade Nation does not charge fees for deposits and withdrawals, although fees may be associated with transferring funds to and from your trading account.

•  Spreads

Per our test trade, Trade Nation offers low fixed spreads with an average of EUR/USD 0.6 pips. Unlike variable spreads that could potentially be much wider by the time you exit your position, fixed spreads stay the same from start to finish.

• Commissions

Trade Nation applies commission fees on its Professional Account, which is designed for more experienced traders. The charges start from $3 per lot per side, depending on the instrument being traded and the volume.

•  Rollover / Swaps

The broker applies rollover fees for positions that are held overnight. These fees reflect the interest rate differential between the two currencies in a currency pair. Traders should be aware that rollover rates can either be positive or negative, depending on the direction of their position.

Web Platform

Trade Nation offers the MT4 Web Platform for traders who prefer accessing their accounts directly from a web browser without the need for downloading software. The MT4 web platform provides essential features such as real-time market data, advanced charting tools, and seamless trading functionality.

Traders can easily manage their trades and access their accounts from any device with an internet connection. The web platform offers flexibility and convenience, allowing for a smooth trading experience without the need to install additional software.

 Desktop MetaTrader 4 Platform

The desktop MT4 is a powerful tool designed for both beginner and professional traders. MT4 is known for its intuitive interface and comprehensive features, including multiple timeframes, customizable charts, and more than 30 built-in technical indicators.

Additionally, over 20 analytical objects are available to enhance technical analysis. With MT4, traders can analyze market trends, implement various trading strategies, and execute trades with precision. It also supports automated trading via Expert Advisors, allowing traders to set up algorithmic trading systems to manage trades even when they are not actively monitoring the market.

Desktop MetaTrader 5 Platform

Currently, Trade Nation does not offer an MT5 platform. MT5 is an advanced version of MT4, offering additional features such as more timeframes, more order types, and enhanced charting options.

Trade Nation 

Trade Nation’s TN Trader desktop platform is designed to cater to the specific needs of both novice and experienced traders. The platform features an intuitive and easy-to-navigate interface with access to a wide array of trading tools and features.

TN Trader includes advanced charting capabilities, real-time market updates, and various order types to facilitate seamless trading experiences. Its customizable layout allows traders to tailor their workspace according to their preferences, improving overall efficiency and productivity. With robust performance, fast execution, and access to a range of instruments, TN Trader offers a solid platform for active traders seeking flexibility and reliability.

Main Insights from Testing

The TN Trader platform offers a user-friendly and streamlined trading experience. The platform’s customization options allow traders to personalize their workspace, improving efficiency and ease of navigation. With a focus on speed and reliability, TN Trader ensures seamless access to a wide range of financial instruments and trading tools, making it a solid choice for those looking for a flexible trading platform.

MobileTrader App

Trade Nation ensures traders can stay connected with the market on the go through the mobile apps. Both the MT4 and TN Trader platforms are available on mobile devices, offering the same comprehensive set of features that users can access from their desktops.

Traders can manage their accounts, execute trades, and analyze the market from their smartphones or tablets. Additionally, TradeCopier, a mobile app, is available for users who wish to copy the best strategies in real time. This copy trading app connects traders with a community of global experts, allowing them to mimic the trades of successful professionals and learn trading strategies.

Trading Instruments

What Can You Trade on Trade Nation’s Platform?

Trade Nation provides access to over 1,000 markets, allowing traders to diversify their portfolios across multiple asset classes. The platform offers a wide range of Forex pairs, including major, minor, and exotic currencies, as well as CFDs on various financial instruments.

Traders can also engage in indices trading, stocks, and commodities, enabling traders to invest in popular shares and key resources such as gold, silver, crude oil, and natural gas.

For those interested in digital assets, the platform also includes cryptocurrency trading, offering access to Bitcoin, Ethereum, and other major digital currencies.

Deposit and Withdrawal Options

Deposit Options 

In terms of funding methods, Trade Nation offers a few payment methods to conveniently and securely fund your account:

• Bank Wire Transfer
• Credit/Debit Cards
• Skrill
• Neteller, etc.

 Minimum Deposit

There is no minimum deposit for the new Trade Nation investors. Traders only need enough funds to cover the margin requirements of their trade.

Withdrawal Options at Trade Nation

Trade Nation does not charge any fees for either deposits or withdrawals. The broker’s minimum withdrawal amount is 50 units of the account base currency.

Customer Support and Responsiveness

Testing Trade Nation’s Customer Support

Another good point in its client-oriented philosophy is competent customer service which is available through various methods including Online Live Chat, Phone, emails, etc.

The broker’s team is available 24/5 and supports international languages accessible via Live Chat, email, and phone lines in Australia, the UK, and internationally as well.

Education

Trade Nation offers an education section that includes a Knowledge Base, Market Insights, and a Glossary to help traders understand key financial concepts and market movements.

The Knowledge Base provides fundamental trading guides, while Market Insights offers analysis on economic trends and trading opportunities. The Glossary serves as a reference for trading terminology.

However, the broker’s educational resources are not as comprehensive as those provided by some other brokers, as it lacks webinars, video tutorials, and interactive learning sessions. While the available materials are useful, traders seeking in-depth education may need to supplement their learning from external sources.