Trade Nation is a low-cost spread trading platform that charges very low minimum deposits and no additional hidden fees. With this platform, users can trade 1,000+ asset classes, access a demo account, and leverage trading opportunities.
Our Trade Nation review will properly analyze the platform, explain the available features, and show readers how to start trading with this platform.
Trade Nation Review: Pros & Cons
Before taking a closer look at the platform features and asset classes on Trade Nation, we have listed some of the pros and cons of this trading platform.
Pros Cons
Risk Warning: 86% of retail investor accounts lose money when trading CFDs with this provider
What Can You Trade on Trade Nation?
Trade Nation describes itself as a low-cost spread betting platform. After completing a new account in only a few minutes, traders will have access to a range of betting markets on the proprietary platform and the MetaTrader 4 (MT4) platform.
In total, investors can access over 1,000 assets on Trade Nation. Here are some of the available trading markets which the platform supports:
Forex Trading
One of the most popular asset classes available to trade on Trade Nation is forex pairs. Trade Nation offers some of the market’s tightest spreads, which can be beneficial for trading FX pairs. 25+ forex pairs can be traded on Trade Nation.
Some of the most popular FX pairs available on this platform are EUR/USD, GBP/USD, USD/JPY, AUD/USD, and USD/CAD. The platform charges a fixed spread of 0.6 pips on the popular EUR/USD FX pair. However, Trade Nation can widen the spread up to 1.4 pips during the rollover period.
For those looking to learn more about this particular asset class, read our what is forex trading guide for more information.
Indices
Another tradable asset class on Trade Nation is Indices. Investors can diversify their portfolios by trading some of the world’s largest and most popular indices. Among the involved indices to trade are the UK 100, Wall Street 30, Japan 225, Germany 40, and US Tech 100.
Shares
Users can trade some of the best shares from the U.S. and the United Kingdom on Trade Nation. Notably, one can access spot trading through TN Trader, the proprietary trading platform of Trade Nation. However, users can also take out CFDs (Contracts for Differences) by creating an MT4 trading account with the platform.
On Trade Nation, users can take out shares on some of the best tech stocks, such as Tesla and NVIDIA. Other popular UK-based shares include Vodafone, BT, and Barclays.
Commodities
Commodities are another asset class that can be traded on Trade Nation. With Trade Nation, you can trade some of the world’s top commodities, including copper, crude oil, and industrial metals. Users can also trade aluminum, gold, and silver.
Trade Nation Fees & Commissions
The sections below will discuss some trading fees & commissions that Trade Nation charges.
Trade Nation Trading Fees
One of the best trading platforms, Trade Nation stands out due to its low trading costs and fees. Firstly, the platform charges low spreads when trading FX pairs and other asset classes. Furthermore, Trade Nation does not take any commission on trades.
Unlike many platforms that charge variable cost spreads, Trade Nation focuses on taking only fixed cost spreads. This eliminates any hidden costs when trading. Thus, investors will know the exact trading cost before opening a new position with Trade Nation.
When traders hold a position overnight, they will be required to pay a small interest on any long positions taken. Alternatively, credit may be received on any short positions. The exact rates will depend on the market rates at the given time.
Non-Trading Fees
On Trade Nation, users are not required to pay deposit and withdrawal fees. Furthermore, since the platform does not charge hidden fees, there are no extra account maintenance costs or charges.
| Non-Trading Fee | Fee |
| Deposit Fee | None |
| Withdrawal Fee | None |
| Account Maintenance Fee | None |
Trade Nation Platforms
The platform allows users to access trading through two platforms – TN Trader and MetaTrader 4. Let’s take a look at some of the features of these two trading platforms.
TN Trader Platform
TN Trader is the proprietary trading platform of Trade Nation. Through TN Trader, users can access low-cost trading without any commissions.
TN Trader offers negative balance protection to all users. This means if your trading balance falls into arrears, the platform automatically brings the trader’s balance to zero by the next trading day. Thus, investors will not lose more money than there is in the account at any given time.
Through the TN Trader account, users can access spot trading for all asset classes, including FX pairs, shares, and indices. One can apply leverage on their trades to heighten the valuation. However, it must be noted that applying leverage is a risky investment since it increases the chance of losing more funds.
The TN trader platform also gives access to multiple trading tools, such as the Signal Centre. This tool provides proper market analysis after gaining insights from professional traders. One can access multiple chart patterns and drawing tools on the platform to make investment decisions.
MetaTrader 4
While signing up on Trade Nation, users can trade with the TN Trader or the MetaTrader 4 trading platform. After successfully creating an account, users can choose to trade with both of these platforms.
The MT4 Trading platform is a popular hub for trading forex pairs. Through MT4, users can start trading CFDs. A CFD is a contract between two parties, the buyer and the seller. By taking out a CFD, you are betting on the future position of a particular asset class.
CFD trading may be the right choice for professional and experienced traders willing to take more risks. On MT4, users can access a range of technical and fundamental trading indicators, which will help them properly analyze the markets.
Is Trade Nation User-Friendly
The Trade Nation user interface makes it very simple to begin trading. Firstly, the account creation process takes around 5 minutes to complete. You can shuffle across the various trading platforms through the navigation bar at the top of the home screen and learn more about the tools and available features on Trade Nation.
Furthermore, interested investors can access various blog content through the trading website. Users can learn the basics of fundamental and technical analysis through the blog. The platform has also posted various articles on trading terms such as day trading, swing trading, and scalping trading.
Trade Nation Charting & Analysis
On the Trade Nation website, the charting is powered by ChartIQ. Through ChartIQ, users can access over 90 indicators and over 20 drawing tools. Thus, even without the MT4 platform, Trade Nation offers quality technical analysis capabilities.
While there is a lack of integrated market research, Trade Nation does give access to real-time news and data so that members can stay updated with all new market developments. A daily report is also offered twice daily so traders can gain market insights throughout the course of the trading session.
Other risk management tools, such as stop orders, have also been introduced to reduce the losses for traders on the platform.
Trade Nation Account Types
On Trade Nation, members can either create a standard trading account or the professional trading account. The standard account gives access to spot trading activities on all the markets. Leverage trading can be accessed, and all the available charting patterns and features are also provided.
The professional trading account is mostly used by skilled traders, who can apply higher leverage on their trades. However, some protections that a retail or standard customer receives are lost when using professional accounts.
One can start a professional trading account on Trade Nation after meeting the trading criteria set by the Financial Conduct Authority, one of Trade Nation’s regulators.
Trade Nation offers Islamic Accounts (swap free) under Seychelles and Bahama regulation for certain countries.
The highest leverage offered is 500:1 under Seychelles regulation.
Trade Nation App Review
Along with the TN Trader platform and the MetaTrader 4 application, users can also access Trade Nation through the mobile trading application. This app is available to use on iOS and Android devices.
Just like the desktop application, Trade Nation’s mobile application gives you access to all the available trading markets, such as Forex, shares, commodities, and indices. Boasting a very simple user interface, the app allows you to browse your portfolio and easily switch between standard trading and demo accounts.
Since many mobile users prefer on-the-go trading, one can open new trades on the mobile app in only a few seconds. Users can also access all trading tools and the market insights that the platform provides.
Just like the desktop applications, charting on Trade Nation’s mobile app is powered by ChartIQ. The platform features more than 90 indicators that one can use to conduct technical analysis and properly evaluate before taking out new trades.
Through the app, traders can leverage dozens of drawing tools, such as trend lines and annotation tools. Users can deposit using one of the multiple payment methods and instantly start trading through the mobile app.
Through the blogs provided on the app, users can also study the trending market events and find what to invest in right now.
Risk Warning: 86% of retail investor accounts lose money when trading CFDs with this provider
Trade Nation Payment Methods
Interested in trading with Trade Nation? Here are some of the available payment options you can use to deposit on the platform:
- VISA
- Mastercard
- AstroPay
- Skrill
- Neteller
- Instant Bank Transfer
Trade Nation Minimum Deposit
One of the reasons why Trade Nation is so popular is because it does not have a high minimum deposit. Traders can get started by depositing just $1 on the platform.
Thus, Trade Nation ensures that it caters to both professional and new traders. While professional traders benefit from multiple charting patterns and high leverage amounts, beginners do not need to pay any deposits, nor are there any deposit fees.
Trade Nation Withdrawal Times
The withdrawal times on Trade Nation can differ depending on the payment methods. For instance, when withdrawing to e-wallets such as Neteller and Skrill, the platform can process the transactions in only a few hours.
However, in some instances, such as withdrawing via bank transfers and debit/credit cards, it may take up to two working days.
Trade Nation Demo Account
Trade Nation provides customers with a demo account. A demo account offers all the features, tools, and insights as a standard account but is loaded with virtual funds. This is a great way for new investors first to get a better understanding of the trading features available on Trade Nation.
Secondly, traders can practice new trading strategies and methods with the demo account since it nullifies the chances of losing funds. Since the demo account gives you access to all the trading markets as the standard account, you can properly analyze the profitability of a particular strategy. Users can switch between the demo and standard trading accounts at any time.
Trade Nation Customer Support
This popular trading platform caters to traders 24/7 via the customer support team. Customer support on Trade Nation can be accessed via live chat, email, and direct phone calls. The main goal of this department is to solve any queries and complaints and help with the administration, so traders can stay at the top of their game.
Trade Nation has a high rating of 4.7 out of 247 reviews on TrustPilot. This shows the top quality of services and support this platform offers.
Trade Nation Licensing & Security
A safe platform to use, Trade Nation is licensed & regulated by several regulatory bodies. Since 2014, Trade Nation has been regulated by the Financial Conduct Authority (FCA).
The Australian Securities and Investment Commission (ASIC) and the Securities Commission of the Bahamas also regulate the platform, as well as the FSA, SCB and FSCA (South Africa).
Trade Nation Accepted Countries
Here are some of the countries through which Trade Nation can be accessed:
- United Kingdom
- Australia
- Bahamas
How to Start Trading with Trade Nation
If you are looking to trade one of the 1,000+ markets that Trade Nation has to offer, here’s how you can get started:
Step 1: Create a New Account
Firstly, an interested investor can visit the Trade Nation website and click on the Sign-up option on the home screen. A regulated broker, Trade Nation, will need to know some of your details, including your full name, address, mobile number, and email address.
The platform will also ask a series of questions to learn more about your trading experience, employment information, and trading budget. Once all the information has been collected, Trade Nation will confirm your registration in seconds.
Step 2: Make a Minimum Deposit
Once you have signed in, click the ‘Deposit Option’ on the homepage. The platform will redirect you to a page where you can select your preferred payment option.
When depositing with a debit/credit card, enter your card number, the expiry date, and the CVV. Enter the amount you wish to deposit (starting from $1) and confirm the transaction.
Step 3: Choose a Market and Make a Trade
After your trading account is funded, you can start trading with Trade Nation. On the navigation bar, access the trading markets, and pick which asset you wish to trade. After searching the asset, enter the amount you wish to trade and confirm the transaction.
Conclusion
Our Trade Nation review has taken an extensive look into the platform features, use cases, trading tools, and minimum deposits. Trade Nation offers 1,000+ trading markets, charges no deposit and withdrawal fees, and allows users to access hundreds of trading tools and drawing patterns.
With Trade Nation, you can get started by using the proprietary trading platform, MetaTrader 4, or the mobile app available on Android and iOS.
Financial Spread Bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 86% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.