Trade NationBasic InfomationRegistered Country/RegionUnited KingdomFounded in2014RegulationASIC, FCA, FSA, SCBTradable InstrumentsForex currency pairs, commodities, indicesMinimum Deposit$0LeverageUp to 1:200Trading PlatformsMetaTrader 4 (MT4), Trade Nation PlatformDemo AccountYesIslamic AccountNoPayment MethodsVISA, MasterCard, FPX, Bitcoin, GrabpayCustomer SupportLive chat, email, phone support, Social MediasTrade 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 AgencyCurrent StatusLicense TypeRegulated ByLicense No.Financial Conduct AuthorityRegulatedMarket Making (MM)United Kingdom525164The Seychelles Financial Services AuthorityOffshore RegulatedRetail Forex LicenseSeychellesSD150Financial Sector Conduct AuthorityExceededFinancial Service CorporateSouth Africa49846The Securities Commission of The BahamasOffshore RegulatedRetail Forex LicenseBahamasSIA-F216Australia Securities & Investment CommissionRegulatedMarket Making (MM)Australia000422661Pros and ConsProsConsRegulated by FCA, SCB, and ASICLimited range of tradable cryptocurrenciesCompetitive leverage ratios up to 1:200Inactivity fees for dormant accountsNo minimum depositsLimited availability of localized customer supportUser-friendly trading platforms, MT4No Islamic (swap-free) accountsMultiple customer support optionsTiered trading accounts not providedDemo accounts availableLimited trading instrumentsMarket 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 CostInstrumentSpreadMarginContractTrading HoursOvernight FundingEUR/USD0.3From 0.2%RollingSunday 22:05 – Friday 22:00Charged dailyGBP/USD0.7From 0.2%RollingSunday 22:05 – Friday 22:00Charged dailyUSD/JPY0.5From 0.2%RollingSunday 22:05 – Friday 22:00Charged dailyEUR/JPY0.7From 0.2%RollingSunday 22:05 – Friday 22:00Charged dailyGBP/JPY1.40.5%RollingSunday 22:05 – Friday 22:00Charged dailyCost Comparison (Wall Street 30):Trade Nation: 1.50 pt spread, total annual cost = $3,402Eightcap: 1.60 pt spread, total annual cost = $3,629 (saving $227 p/a)Capital.com: 2.00 pt spread, total annual cost = $4,536Key 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 PlatformsPlatformFeaturesTN 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 chartsTradingView- 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 newsMetaTrader 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 dataTradeCopier- 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 ideasDeposit 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 MethodDeposit CurrenciesFeesMinimum DepositMinimum WithdrawalSupported Payment MethodsCredit CardUSD, NOK, ZAR100% covered by Trade NationNo minimum amount50.00 in any currencyVisa, MasterCard, and other card schemesDigital WalletUSD, NOK, ZAR100% covered by Trade NationNo minimum amount50.00 in any currencyPayPal, Skrill, Neteller, and other digital walletsCryptocurrencyUSD, NOK, ZAR100% covered by Trade NationUSD 30.00, NOK 116.00, ZAR 205.0050.00 in any currencyBinance Pay, Bitcoin, Ethereum, Tether, Ripple, Dogecoin, Litecoin, BitcoinDash, BinanceCoin, Solana, TronixSoutheast Asia:CountryDeposit CurrenciesFeesMinimum DepositMinimum WithdrawalSupported Payment MethodsIndonesiaUSD100% covered by Trade NationUSD $1USD $50.00Local Banks: BCA, PermataBank, BNI, Mandiri, CIMB Niaga, Bank BRI, Maybank eWallets: LinkaJa, OVO, Dana, Shopee PayMalaysiaUSD100% covered by Trade NationUSD $0.5USD $50.00Local 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, BoostSingaporeUSD100% covered by Trade NationUSD $40USD $50.00Local Banks: eNets, DBS, OCBC, UOB, Standard Chartered eWallets: Grab Pay, Pay NowVietnamUSD100% covered by Trade NationNo minimum amountUSD $50.00Local Banks: BIDV, Vietcombank, VietinBank, Sacombank, Techcombank, etc. eWallets: Momo, Ngan LuongAfrica:CountryDeposit CurrenciesFeesMinimum DepositMinimum WithdrawalSupported Payment MethodsNigeriaUSD100% covered by Trade NationUSD $1USD $50.00Paga, USSD, PayAttitude, Bank WireGhanaUSD100% covered by Trade NationUSD $1USD $50.00Vodafone, Tigo, MTN, Airtel (Mobile Money Networks)KenyaUSD100% covered by Trade NationUSD $1USD $50.00Airtel Mobile Money Kenya, M-PesaTanzaniaUSD100% covered by Trade NationUSD $12USD $50.00Tigo 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