Trade Nation Forex broker specializes in providing foreign exchange trading services, the company's official website https://tradenation.com/, the company's legitimate regulatory information AustraliaASICMarket Making(MM),United KingdomFCAMarket Making(MM),SeychellesFSARetail Forex License,South AfricaFSCAFinancial Service Corporate, to enhance the security of the company's address 1ST FLOOR 19 9TH STREET HOUGHTON ESTATE JOHANNESBURG 2196.
Trade Nation Forex Broker
Basic information
United Kingdom
10-15 years Regulated in Australia Regulated in United Kingdom Regulated in Seychelles Regulated in South Africa Regulated in Bahamas Market Making(MM) Retail Forex License Financial Service Corporate MT4 Full License Self-developed Global Business Suspicious Overrun Medium potential risk Offshore RegulatedCompany profile
Trade Nation Information
Trade Nation is an online forex broker registered in United Kingdom and well regulated by ASIC, FCA, FSA, and SCB. Since its founding, Trade Nation has prioritized the provision of a wide variety of tradable assets. Traders can access a diverse selection of forex currency pairs, commodities, indices, allowing them to capitalize on various market opportunities.
Is Trade Nation Legit or a Scam?
| Regulatory Agency | Current Status | License Type | Regulated By | License No. |
|---|---|---|---|---|
| Financial Conduct Authority | Regulated | Market Making (MM) | United Kingdom | 525164 |
| The Seychelles Financial Services Authority | Offshore Regulated | Retail Forex License | Seychelles | SD150 |
| Financial Sector Conduct Authority | Exceeded | Financial Service Corporate | South Africa | 49846 |
| The Securities Commission of The Bahamas | Offshore Regulated | Retail Forex License | Bahamas | SIA-F216 |
| Australia Securities & Investment Commission | Regulated | Market Making (MM) | Australia | 000422661 |
Pros and Cons
| Pros | Cons |
| Regulated by FCA, SCB, and ASIC | Limited range of tradable cryptocurrencies |
| Competitive leverage ratios up to 1:200 | Inactivity fees for dormant accounts |
| No minimum deposits | Limited availability of localized customer support |
| User-friendly trading platforms, MT4 | No Islamic (swap-free) accounts |
| Multiple customer support options | Tiered trading accounts not provided |
| \Demo accounts available | Limited trading instruments |
Market Instruments
Trade Nation offers a range of market instruments to cater to the trading preferences of its clients. These instruments include indices, commodities, and forex currency pairs. Traders can access a variety of global indices, enabling them to speculate on the performance of specific stock markets or sectors.
Additionally, Trade Nation provides a selection of commodities, allowing traders to trade on the price movements of popular commodities such as gold, silver, oil, and agricultural products. Furthermore, forex currency pairs are available for trading, providing traders with the opportunity to participate in the foreign exchange market.
Trading Cost
| Instrument | Spread | Margin | Contract | Trading Hours | Overnight Funding |
|---|---|---|---|---|---|
| EUR/USD | 0.3 | From 0.2% | Rolling | Sunday 22:05 – Friday 22:00 | Charged daily |
| GBP/USD | 0.7 | From 0.2% | Rolling | Sunday 22:05 – Friday 22:00 | Charged daily |
| USD/JPY | 0.5 | From 0.2% | Rolling | Sunday 22:05 – Friday 22:00 | Charged daily |
| EUR/JPY | 0.7 | From 0.2% | Rolling | Sunday 22:05 – Friday 22:00 | Charged daily |
| GBP/JPY | 1.4 | 0.5% | Rolling | Sunday 22:05 – Friday 22:00 | Charged daily |
Cost Comparison (Wall Street 30):
- Trade Nation: 1.50 pt spread, total annual cost = $3,402
- Eightcap: 1.60 pt spread, total annual cost = $3,629 (saving $227 p/a)
- Capital.com: 2.00 pt spread, total annual cost = $4,536
Key Costs:
- Spread: The cost of buying/selling a financial instrument.
- Overnight Funding: A daily charge or credit for positions held open after 22:00 GMT (Futures are excluded from this).
Account Types for Trade Nation
Trade Nation offers traders the opportunity to open a demo account and a live account. This account structure provides traders with options to experience simulated trading through the demo account and engage in real-time trading with the live account.
How to Open an Account?
Opening an account with Trade Nation, a reputable forex broker, is a straightforward process that can be completed in a few simple steps. Whether you are a beginner or an experienced trader, Trade Nation strives to make the account opening process quick and convenient. Here is a step-by-step guide on how to open an account:
- Visit the official Trade Nation website: Start by accessing the official Trade Nation website at https://tradenation.com/. Click on “Trade Now” or a similar button on the website's homepage. Clicking on this button will take you to the account registration page.
2. Fill in the required information: On the account registration page, you will be prompted to provide some personal information. This may include your name, email address, contact details, and other relevant information. Ensure that the information you provide is accurate and up to date.
3. Complete the application: Once you have provided the necessary information and selected your preferred account type, carefully review the terms and conditions, risk disclosure, and other legal documents. Make sure you understand and agree to the terms before proceeding.
4. Account verification: As part of the account opening process, you may be required to provide identification documents for verification purposes. This is a standard procedure to ensure the security and compliance of the platform.
5. Fund your account: After your account is successfully verified, you can proceed to fund your trading account. Trade Nation offers multiple deposit options, including bank transfers, credit/debit cards, and electronic payment methods. Choose the most convenient option for you and follow the instructions provided.
6. Start trading: Once your account is funded, you can access the trading platform provided by Trade Nation. Familiarize yourself with the platform's features, tools, and trading instruments. You can then begin executing trades based on your trading strategy and market analysis.
Trading Platforms
| Platform | Features |
|---|---|
| TN Trader | - Low-cost fixed spreads- CFD Trading on 100s of markets- Free trading signals in your dashboard- Daily market updates & live news feed- Mobile app support- Trade directly from charts |
| TradingView | - Ultra-low-cost trading- Seamlessly connect with TN Trader- Cutting-edge charting tools- Huge data pool & customizable feeds- Access 10M+ ideas, scripts, & indicators- Set alerts on price action, indicators, tools, and economic news |
| MetaTrader 4 (MT4) | - CFD trading on forex, indices, etc.- Automate with Expert Advisors (EAs)- Chart tools and indicators- Multiple order types, including OCO- One-click trading and trailing stops- Backtest using historical data |
| TradeCopier | - Available with MT4- Mirror expert traders' strategies in real-time- Diversify portfolio based on trading behavior or risk profile- Connect with global traders for insights and ideas |
Deposit and Withdrawal Methods and Fees
Traders can choose from several reliable payment methods, including VISA, MasterCard, FPX, Bitcoin, and Grabpay. When it comes to making a deposit, Trade Nation sets a minimum deposit requirement of $0, allowing traders of all levels to start their trading journey.
| Payment Method | Deposit Currencies | Fees | Minimum Deposit | Minimum Withdrawal | Supported Payment Methods |
|---|---|---|---|---|---|
| Credit Card | USD, NOK, ZAR | 100% covered by Trade Nation | No minimum amount | 50.00 in any currency | Visa, MasterCard, and other card schemes |
| Digital Wallet | USD, NOK, ZAR | 100% covered by Trade Nation | No minimum amount | 50.00 in any currency | PayPal, Skrill, Neteller, and other digital wallets |
| Cryptocurrency | USD, NOK, ZAR | 100% covered by Trade Nation | USD 30.00, NOK 116.00, ZAR 205.00 | 50.00 in any currency | Binance Pay, Bitcoin, Ethereum, Tether, Ripple, Dogecoin, Litecoin, BitcoinDash, BinanceCoin, Solana, Tronix |
Southeast Asia:
| Country | Deposit Currencies | Fees | Minimum Deposit | Minimum Withdrawal | Supported Payment Methods |
|---|---|---|---|---|---|
| Indonesia | USD | 100% covered by Trade Nation | USD $1 | USD $50.00 | Local Banks: BCA, PermataBank, BNI, Mandiri, CIMB Niaga, Bank BRI, Maybank eWallets: LinkaJa, OVO, Dana, Shopee Pay |
| Malaysia | USD | 100% covered by Trade Nation | USD $0.5 | USD $50.00 | Local Banks (FPX): Maybank, HongLeong, RHB Bank, AmBank, Public Bank, CIMB, HSBC, UOB, OCBC, Standard Chartered, etc. eWallets: Touch 'N Go, DuitNow, Shopee Pay, Grab Pay, Boost |
| Singapore | USD | 100% covered by Trade Nation | USD $40 | USD $50.00 | Local Banks: eNets, DBS, OCBC, UOB, Standard Chartered eWallets: Grab Pay, Pay Now |
| Vietnam | USD | 100% covered by Trade Nation | No minimum amount | USD $50.00 | Local Banks: BIDV, Vietcombank, VietinBank, Sacombank, Techcombank, etc. eWallets: Momo, Ngan Luong |
Africa:
| Country | Deposit Currencies | Fees | Minimum Deposit | Minimum Withdrawal | Supported Payment Methods |
|---|---|---|---|---|---|
| Nigeria | USD | 100% covered by Trade Nation | USD $1 | USD $50.00 | Paga, USSD, PayAttitude, Bank Wire |
| Ghana | USD | 100% covered by Trade Nation | USD $1 | USD $50.00 | Vodafone, Tigo, MTN, Airtel (Mobile Money Networks) |
| Kenya | USD | 100% covered by Trade Nation | USD $1 | USD $50.00 | Airtel Mobile Money Kenya, M-Pesa |
| Tanzania | USD | 100% covered by Trade Nation | USD $12 | USD $50.00 | Tigo Pesa, Airtel Mobile Money, VODACOM M-Pesa, Helopesa (Mobile Money Networks) |
Customer Support of Trade Nation
Language(s): English
Email: support@tradenation.com
Phone Number: +44 (0) 203 180 5952
Address: 14 Bonhill Street, London, EC2A 4BX, United Kingdom
Social media: Facebook, Instagram, LinkedIn, YouTube, twitter
Rating Index
Similar Broker Info
Similar Broker Accounts
Similar Broker Safe
Similar Broker Review
Similar Broker Trade
Latest Reviews
ysmnmat
Turkey
I opened an account at a company called Trade Nation. After opening the account, they welcomed me with a bonus of 150 USD and told me that I could make a profit withdrawal. Later, I was told that I needed to deposit 500 USD in order to make a profit withdrawal. When you open a trade at the company, if you don't initially set a TP and SL point, you have to wait by its side until the trade is closed. I stayed sleepless many nights, hoping not to close the trade at a loss. I researched and found out that TP and SL are not set later but should be set when opening the first trade. It was really strange to have this in such a company, and it put me in a very difficult situation. Unfortunately, I learned that hedge positions cannot be opened when closing my account. I wish you could provide this information to newcomers to the company. Unfortunately, my account failed because of these issues. When you come, please consider these points; otherwise, you will have to wait for the account.
Exposure
2024-08-02
Marco Rossi
Italy
I am using their MT4 Raw account, the spread is really lower that I had compared with other brokers and the commisions charge is much lower too, mostly $0.05-$0.08 depend on what pairing you are trade of. Next will be the Deposit and Withdrawal method, I am using Indonesia Online Bank Transfer, depositing is very fast and secure and the rate is fair too, and I am using the same method for withdrawing and the speed is absolutely fast to reach my bank account. Yes, a good broker👍👍👍
Positive
2024-05-06
FX1113810591
Hong Kong
My legitimate trading profits were canceled, and no one has provided me with a detailed explanation as to why.
Exposure
02-20