Trade Nation Review – Learn More About TradeNation.Com
Although existing since 2014, hasn’t always been operating under this name. Until 2019, Trade Nation was known as Core Spreads, a UK based, award-winning brokerage company with clients from all corners of the world.
At first the firm started off as a small office with several employees that have built an empire, today known as Trade Nation. Through the years Trade Nation has obtained several regulations from strict regulatory bodies like FCA and ASIC. The broker also holds trading certificates in the Bahamas and South Africa.
Throughout this Trade Nation review, we will try to clarify all the pros and cons of investing with this broker, as well as the general trading conditions, education and support the broker provides.
Brokerage Pros and Cons
A friendly and customer-oriented approach at Trade Nation focuses on meeting the expectations of their clients through reliable software, several account types and small deposit requirements.
In that sense, provides MT4 for trading as well as their own genuine platform – The Trade Nation software. Choosing the platform you want to be trading from comes after quick and easy account opening that doesn’t take more than several minutes of your time. However, the products offered are not very diverse and crypto trading is not available.
The fee individual traders are expected to pay upon opening a live trading account can be as low as $1, since the broker doesn’t impose a specific sum. Moreover, the broker doesn’t charge any deposit or withdrawal fees and investing is almost instant. Trade Nation does, however, have a minimum withdrawal amount requirement.
On the other hand, while Trade Nation is regulated in the UK and Australia, offering their services to international clients goes through their offshore branch in the Bahamas. Security standards in the offshore zone aren’t as reliable.
|Country of Regulation||UK, Australia, Bahamas, South Africa|
|Trading Fees Class||Low|
|Inactivity Fee Charged||No|
|Withdrawal Fee Amount||No withdrawal fees|
|Time to Open An Account||Several minutes, verification takes up to 24h|
|Deposit with Bank Card||Available for Visa and MasterCard|
|Depositing with Electronic Wallet||Yes, but only Skrill|
|Number of Base Currencies Supported||8 – USD, GDP, EUR, DKK, SEK, NOK, AUD, ZAR|
|Demo Account Provided||Yes|
|Products Offered||Currencies, CFDs on bonds, futures, commodities, indices and stocks|
How Are You Protected at Trade Nation? Security and Regulation
The UK financial authority enforces some of the strictest regulatory criteria in the world. It is well known for its diligence and thoroughness in every licensing process. The fact that this broker managed to obtain a license from FCA implies their business is clean, sustainable, and respective of the security protocols.
The basic overview of the FCA regulating conditions looks like this:
- Starting capital that brokers need to put into their brokerage project is at least 730.000 GBP
- Providing the clients with access to the Financial Ombudsman and Financial Services Compensation Scheme (FSCS), which includes the sum of up to 85.000 GBP per client
- Leverage restriction to 1:30 most and negative balance protection
- Bonuses are not allowed
- All deposits from clients have to be on segregated bank accounts
Most of these rules apply in the licensing process that ASIC practices, except that the starting sum that brokers have to invest in their business is 1.000.000 AUD.
As you can see, both FCA and ASIC have set up some pretty high standards for brokerage agencies to reach in order to gain permission to offer their online trading services and products. Trade Nation has successfully managed to do that through honest and hard work.
International clients may not be as protected since they access this broker’s services through an offshore firm registered and regulated in the Bahamas. The regulators in these zones are imposing looser licensing rules and do not keep a firm grip on the brokerage activity as top-tier regulators do.
Another license that this broker holds is from FSCA in South Africa which is known not to have a leverage cap. This trading condition makes investing quite risky. However, FSCA helps customers in case the broker scams the trader or goes bankrupt.
Are accounts Types Available at Trade Nation?
While opening a live trading account at this broker is fast and secure with no minimum deposit amount requirements, approval may take up to one business day. That doesn’t stop you from opening a so-called trading simulator or a Demo account to examine the trading environment at Trade Nation.
There’s only basic account types at Trade Nation:
- Retail account
- Professional account
- Corporate account
- Demo account
As account names suggest, each of the account variations is dedicated to certain trader groups. A slightly inconvenient circumstance is that this broker doesn’t explicitly list the exact features and options that each account brings, except for the general advantages. That is probably because the trading parameters may vary depending on the location of each user, as different jurisdictional regulations apply.
Traders who are more specific about anticipated conditions coming with different account types may be left frustrated that this broker doesn’t divide accounts into subcategories and other tiers.
Trade Nation Trading Platforms Overview
With the idea of integrating all necessary functions, advanced options and trading facilitators, Trade Nation has designed their own trading terminal. Fast and reliable, Trade Nation software offers to trade on various world markets with fixed spreads regardless of market changes.
Very important and handy for risk control, the option of Stop Loss allows placing stop orders and limiting potential losses. Furthermore, interactive charts help you detect market changes in detail. Indicators provided by ChartIQ give an extra edge in analysis.
Thanks to the swift execution of trades, investors can trade directly from the chart view and keep their timing working in their favor. In addition to successful decision making, traders have the option of creating market Watchlists. With these lists of markets you follow, building your trading strategy and earning valuable insights is easier.
Apart from the innovative Trade Nation platform, the broker allows buying and selling of financial products on MetaTrader 4 as well. It’s known that this platform is a leading software in the industry and has been so for many years, hence Trade Nation provides it for all trades who are used to this distribution.
Trade Nation Trading Instrument
Trading conditions following the possibilities of buying and selling financial assets may vary depending on the trader’s location. That’s how UK and AU traders can trade FX pairs with leverage up to 1:30 and spreads from 0.6 on EUR/USD. Meanwhile, international clients and clients with Professional accounts can access greater leverage all the way up to 1:200.
It’s important to mention that Trade Nation doesn’t allow trading digital currencies which many traders nowadays may prefer among other tradable assets. List of available instruments is as follows:
- Currency Pairs (EUR/USD, USD/GBP, EUR/AUD, USD/CAD, EUR/JPY, GBP/PLN, USD/NZD)
- CFDs on Indices (S&P500, Nasdaq100, FTSE100, CAC40)
- CFDs on Stocks (Adidas, Adobe, Nvidia, Google, Facebook, Netflix, Boeing, Barclays)
- CFDs on Commodities (Sugar, Coffee, Wheat, Cotton, Corn)
- CFDs on Bonds
- CFDs on Futures
Trade Nation Funding Methods
Funding methods at this broker aren’t as various as some other top brokers allow. However, depositing cash is relatively fast and safe with several base currencies accepted – USD, GDP, EUR, DKK, SEK, NOK, AUD, ZAR.
The channels for transactions are the following:
- Bank wire transfer
- Credit and debit cards (Visa, MasterCard)
Although this broker doesn’t charge the funding and other transactions, third party involvements may come with a fee. However, there’s a minimum withdrawal amount requirement of $50.
Research and Education
Providing education for beginner traders at Trade Nation is done through detailed articles covering various subjects. From the very start and account opening, traders can also learn how to install and handle the features of the trading platform. Following that, more articles on every instrument group are explanatory and very helpful to ease up the task of choosing the right asset groups for trading. Almost every article has a short video tutorial following it.
Getting more familiar with general trading conditions is available through the Trading Simulator, much like a Demo account. It allows experimenting and testing the trading environment and platforms to get the general idea of how online trading is done at Trading Nation. Something also quite beneficial for traders of all levels are the FCA regulated signals.
Unfortunately, traders looking for other sources of information and knowledge, such as webinars, live discussions, video lessons and podcasts, won’t be too delighted with the existing offer at Trade Nation. Although very informative and useful, Trade Nation educational material lacks more in depth research and other sources of knowledge.
Trade Nation Customer Support
Getting stuck during trading, depositing or using some other features on the site is never comfortable for any trader. That’s why Trade Nation has assembled a team of helpful professionals to guide your trading journey and provide assistance for solving any kind of technical issue.
Getting in touch with the staff at Trade Nation is possible via several ways of communication:
- Email: [email protected]
- Through phone number given on the site: +44 (0) 203 180 5952
- Live chat: allows submitting your inquiries and questions through messaging the Trade Nation agents directly
Note that the customer service at Trade Nation is highly responsive and willing to assist you with whatever problems you may encounter but is only available 24/5.
Trade Nation Overall Summary
Our Trade Nation review tried to cover all the relevant elements of investing and trading with this broker. The company is undoubtedly regulated and popular across continents and thousands of customers can witness this broker’s quality of service.
A dedicated trading platform developed by Trade Nation professionals integrates the most important features for brokers to establish their successful trading strategy. With good trading conditions and a range of tradable assets available, this broker offers a quality trading environment as a whole.
By respecting the high standards that financial institutions require, Trading Nation ensures the customers’ safety of data and funds. However, this is strictly tied to the jurisdictions where the ordaining authorities supervise brokerage activities and transactions. In particular, this refers to the UK and Australia. International clients are served through an offshore branch which implies lower security standards.
FAQs About Trade Nation Broker
Are my Deposited Funds Protected at Trade Nation?
Through contracts with top-tier banks like Barkralys, Trade Nation ensures all deposits are stored in segregated bank accounts.
Does Trade Nation Offer Demo Account?
Yes, Demo account or how Trade Nation refers to it - trading simulator is available.
What is the Minimum Deposit at Trade Nation?
Trade Nation doesn’t set a deposit requirement. This means you can open a live trading account after investing just $1.
What Are the Benefits of Becoming an Affiliate?
The most beneficial aspect of becoming an Affiliate at Trading Nation is the commission received for every referred party. Besides that, there’s a fixed fee traders get and a hybrid plan that combines both.