Trade Nation Review: More Details About This Broker
The broker exists since 2014 and they have successfully established all across the world. The official owner with headquarters in the UK is Trade Nation Financial UK Ltd. However, there are entities registered in Australia, South Africa and the Bahamas.
Important to realize is that there are also companies trying to clone this broker. Therefore, be careful who you are doing business with. You will discover in this Trade Nation review all crucial facts that can help you make your final decision in choosing the right broker.
Who Is Trade Nation Broker?
As mentioned above, the broker is primarily registered in the UK. With all the necessary licenses, someone might think they are a completely reliable broker. Suddenly, the broker registers a few more entities.
But the ones that are catching anyone’s eye are those with Tier 2 and Tier 3 regulations. To be precise, one in the Bahamas and South Africa. Even though the broker has all necessary funds protection features, that’s only valid for some entities.
|Legal name:||Trade Nation Financial UK Ltd|
|Regulation:||Regulated / Offshore|
|Financial Authorities Warnings:||N/A|
|Contacts:||Phone: +1 844 907 8776
e-mail: [email protected]
|If a withdrawal is possible:||Yes|
|Fees||Up to 10% for overnight swap / No hidden fees|
|If Active on Social Media:||Yes – Telegram, Instagram, Youtube, LinkedIn, Twitter|
|Investor Protection:||Yes – Negative balance protection, compensation scheme and segregated bank accounts for clients’ deposits|
Trade Nation Regulation and Security
In addition to mentioned above, the broker has two Tier 1 licenses. In this case, from the Financial Conduct Authority (FCA), is one of the most required regulators in the world. But also the Australian Securities and Investments Commission (ASIC). The main difference between those is that UK traders can get compensation of up to 85.000 GBP. While Australian traders can’t.
Considering this, you should now understand how important it is to diversify all entities. Not to mention that SCB and FSCA don’t require funds protection features. Such as negative balance protection, compensation funds and segregated bank accounts. Still, the broker might have it with all entities. But it’s important to clarify at the beginning of your journey what institution is monitoring its activities.
Trade Nation Broker Profile
As can be seen, the broker does everything in its power to make traders comfortable to invest with them. Unfortunately, some guys tend to use their trust for their own acts. Be aware of clone firms. Even FCA issued a warning on the topic.
To get back to Trade Nation, you can expect many positive features. Primarily ones regarding trading software and instruments. Everybody can find a suitable piece of pie for themselves. Starting with MT4 trading software as one of the most reliable in the industry. With highly competitive and low spreads and no withdrawal fees, this broker quickly gains popularity.
Trade Nation Minimum Deposit
A quite attractive feature is also Trade Nation minimum deposit. Practically there is none. Whether you are a pro or a beginner, you are choosing how much you want to start with.
However, Trade Nation broker has multiple entities and conditions may vary. Important to notice is that there are no deposit fees with this broker.
Trade Nation Leverage
Another key point is Trade Nation leverage. This is where it gets catchy. In Europe and Australia, the maximum allowed leverage is 1:30. That’s where the broker complies with regulations. However, with offshore entities the situation is different. They offer even up to 1:200.
Everyone understands that leverage can bring you more profits. But also faster losses. Therefore you have to play well around it and choose where to trade wisely.
Trade Nation Demo Account
Of course, before putting in any real money, you can test the platform. Whether through the proprietary platform or MT4, you can get a Trade Nation demo account.
With multiple available tools and educational materials, traders can expand their knowledge quickly. Still, the most realistic experience comes while trading with real money. But be patient.
|Trading platforms:||Trade Nation platform, MT4|
|Account types:||Individual, Professional, Corporate|
|Financial Instruments On Offer:||
|Commissions/bonuses:||No commissions / No bonuses|
|Education or Extra tools:||Educational Insights hubs|
Trade Nation Traders Reviews – Sharing Experiences
The most surprising thing is Trade Nation reviews. With an average rating of 4.8 on Trustpilot and almost 250 comments, there is almost 90% of satisfied clients.
However, as with any other broker, you can find someone unsatisfied. Many traders reported customer support issues, technical issues with the platform and unexpected trades being closed. Considering this, you might as well think twice before investing here. If you would like to consult with professionals about other options, our expert team is available. You can contact us even through live chat.
How Trade Nation Finds Customers?
Trade Nation forex company has quite an attractive offer. It’s not rare that brokers find new traders through social media and marketing campaigns. In this case, Telegram might be one of the options as well. However, spreading the word is always the fastest way to grow. Thus, some traders are reporting that the company is losing credibility.
Trade Nation broker also has an affiliate program. This is another way of getting new clients. In their case, clients are mostly coming from:
- United Kingdom
- South Africa
- United States
Wherever you are coming from, if you are uncertain about some broker you can discuss it with our experts. With a proper assessment of your preferences and skills, we can find you the most suitable option.
Trade Nation Funding and Withdrawal
According to the company, there are no deposit and withdrawal fees. As for Trade Nation deposit options, those are:
- Debit and Credit cards
- Bank transfers
While many methods are processed instantly, bank transfers may take up to a couple of business days. Still, some of the methods might be more favorable than others. Mostly depending on the entity you are working with.
Trade Nation Withdrawal
As for the Trade Nation withdrawal policy, there is only a transparent policy for the Bahamas and South African entities. The company aims to process withdrawals in one business day. However, just need to make sure first that you don’t have any limitations. Otherwise, it can take longer.
In general, transfer of the funds depends on the bank and payment process. It should take up to 3 business days for funds to appear in your account. However, only after 10 days the company may review with the PSP if there are any difficulties.
Our Safe Trading Experts’ Final Words About Trade Nation Broker
In general, there are many positive things about the broker. Starting with Tier 1 regulations, trading software and low trading costs. Besides there are many funds protection features. But not clarified if you get those with all entities. Traders should be aware of that. In addition, you have also negative reviews that are pointing exactly to the thing mentioned.
To avoid any paranoia and nights without sleep, talk to our experts. With understanding your needs and preferences we can narrow you the list of top regulated brokers. Most importantly, without any doubt where you are trading and what conditions apply. Here’s the bonus info we mentioned at the beginning. The first consultation is free of charge without any obligations. Get in touch today!
Is Trade Nation Trustworthy?
Considering their Tier 1 regulation we can say yes. However, if you are trading with an offshore entity, there could be potential issues. Choose your broker wisely.
How To Start Trading Safely?
Testing brokers and knowing what to look for can save you a ton of time. For assistance, our team is at your disposal. Get in touch to get expert advice.
How Can You Help Me Choose the Best Forex or Crypto Broker?
With understanding your fears and preferences we can find you the most suitable options. It only takes one consultation to get more information. No obligations and no costs. Contact us!