Trade Nation Review 2021

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Trade Nation Facts & Figures

Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions incl the UK and Australia. They boast tight spreads and no minimum deposit.

Bonus1,000 sign-up reward points
InstrumentsForex, CFDs, Indices, Shares, Commodities, Futures, Bonds
Demo AccountYes
Min. Deposit$0
Payment MethodsCredit Card, Mastercard, Skrill, Visa, Wire Transfer
Min. Trade0.1 lots
Regulated ByFCA, ASIC, FSCA and SCB
MetaTrader 4Yes
MetaTrader 5No
STP AccountNo
ECN AccountNo
DMA AccountNo
Mobile AppsYes
Margin TradingNo
Auto TradingYes
Social TradingNo
Copy TradingNo
Trade SignalsYes
Islamic AccountNo
Diversify your portfolio with contracts for difference in multiple financial markets.
FTSE Spread0.4
GBPUSD Spread0.8
Oil Spread3
Stocks SpreadVariable
Leverage1:30 UK, 1:200

Trade Nation offers trading in 30+ online currencies.

GBPUSD Spread0.8
EURUSD Spread0.6
EURGBP Spread0.6
Risk Warning – Your capital is at risk

Trade Nation is a global forex, indices, commodities and shares broker, which prides itself on being fair and transparent. Read our reviews of Trade Nation’s platform, app and market offerings to find out whether you should open an account.

Trade Nation Details

The broker was previously known as Core Spreads from 2014 to 2019. The company has since expanded globally under Trade Nation and is regulated by the FCA in the UK, the ASIC in Australia, the FSCA in South Africa and the SCB in the Bahamas. The broker has offices in each of these core countries.

The firm’s aim is to provide straightforward market access by removing complicated jargon and providing customer support throughout the trading process.

Trading Platforms

Trade Nation offers its own trading platform in addition to the popular MetaTrader 4.

Trade Nation Platform

The bespoke platform is intuitive and provides flexible charting functionality through a sleek user interface.

12 interactive graph types are available such as histograms and candle charts, as well as the ability to vary timescales from one minute to one month. It’s also easy to overlay information on graphs, with a good selection of drawing tools available. The optional deal button in the chart view means trades can be executed quickly.

Trade Nation trading platform
Trade Nation trading platform

Trade Nation accommodates first-time users by supplying several demonstration videos on how to use their platform.


The broker also provides the option for clients to use the popular MT4 platform for forex trading. A demonstration video detailing how customers can link their Trade Nation account to the MT4 platform is available on the broker’s website.

MetaTrader 4 is favoured among traders due to its selection of customisable and interactive charts and the ability to run trading robots. It offers a selection of 30 built-in indicators and 2,000 free custom indicators for market analysis, as well as 24 analytical objects for detecting market trends.

Trade Nation MetaTrader 4 platform
Trade Nation MetaTrader 4 platform

The MQL 4 programming language enables users to write algorithms for automated trading, which can also be downloaded from the MT4 codebase.


Trade Nation is refreshingly transparent about its trading options, supplying a market information sheet with details of every instrument, associated spreads and trading hours. This includes 33 forex pairs, 23 popular indices (cash and futures), 8 differential indices, 9 commodities (energy and metals) and 3 bond options.

Spreads & Commission

Customers benefit from low, fixed spreads or variable spreads from 0 pips at Trade Nation. Both the EUR/GBP and EUR/USD spreads are 0.6 pips before 10pm. The market information sheet provides spread details for all times of the day.

The company is open about their trading fees. Aside from spreads, the only other charge is overnight interest applied to trades. The amount depends on the market being traded and the direction of the trade, clients should contact customer support if specific details are required.


Leverage offered by Trade Nation depends on which financial authority the customer’s account is regulated by.

For FCA regulated accounts, leverage up to 1:30 is available, which is the limit imposed by this regulator. For ASIC, FSCA and SCB accounts, leverage up to 1:200 is offered.

As usual, customers should be aware of the risks associated with using leverage to increase positions. While it offers the opportunity to enhance earnings for a given investment, it can also result in increased losses.

Mobile Apps

Trade Nation provides an app for its trading platform which is available for iOS and Android users to download. While there are no reviews available on Google Play or the App Store, we found it to be quick and easy to navigate, with the ability to create custom market watchlists. Both live and practice accounts can be managed from the app.

Trade Nation Mobile App
Trade Nation Mobile App

Additionally, MetaTrader 4 has its own app that enables users to trade forex from anywhere, 24/5. The app has excellent reviews, providing complete control over trading accounts, in addition to financial market news and chat functionality.

Trade Nation MetaTrader 4 mobile app
Trade Nation MetaTrader 4 mobile app


Trade Nation allows credit and debit card deposits using Visa and Mastercard. Additionally, funds can be deposited via bank transfer or using the digital wallet Skrill. Credit and debit card deposits are instant, while bank transfers can take up to 3 business days to arrive into the Trade Nation account.

There are no minimum deposit clauses in place, making Trade Nation’s account accessible for a range of traders.


Withdrawals are returned to the deposit source (card, Skrill or bank transfer) where possible to reduce the risk of fraud. All withdrawals take up to 5 business days to arrive in the account. Trade Nation does charge any fees for deposits or withdrawals.

Demo Account

Trade Nation offers a free demo account called the practice platform, where customers can test out trading strategies with £10,000 in virtual funds. We were impressed to discover that the broker also offers a one-to-one walkthrough with the demo account, which can be requested via a callback service on the website.

Trade Nation Bonuses

Trade Nation offers a loyalty scheme, where customers receive cashback for every trade. Each customer will receive a sign-up bonus of 1,000 points upon opening an account, and one additional point for every USD traded.

These points are totalled at the end of each month and a rebate is applied the following month, which can then be kept in the account to trade with or withdrawn as cash. The value of these points increases with the amount traded.

Rebate ranges from 2% for customers with 200 points, to an admirable 20% for customers with over 10,000 points in their account. Unfortunately, this loyalty scheme is only available to non-UK Trade Nation customers.

The broker has also previously held competitions with partnership companies, so traders are advised to look out for future promotions on their website.

Regulation Review

Trade Nation holds licenses in every country that they operate in. In the UK, Trade Nation is a trade name of Finsa Europe Ltd, who are authorised by the reputable Financial Conduct Authority and provide an £85,000 deposit protection scheme through the FSCS.

Additionally, Trade Nation uses Signal Centre which gives trading signals for a range of indices, currencies and commodities. This provider is also authorised and regulated by the FCA.

In Australia, Trade Nation is a trading name of Finsa Pty Ltd, which is regulated by the ASIC. In South Africa, Trade Nation Financial (Pty) Ltd is regulated by the FSCA, while in the Bahamas, Trade Nation Ltd is regulated by the SCB. However, there is no compensation scheme for accounts registered under these three authorities.

Additional Features

A great feature offered by Trade Nation is Smart News, which is available on their trading platform and app.

Smart News aims to provide insights that keep traders ahead of the market, providing ‘alternative news’ acquired from independent sources, rather than traditional data reported by companies themselves. By cross-referencing social media with specific financial events such as central bank meetings, Trade Nation is able to provide customers with specific threads relevant to their trading interests that might provide new market insights.

Trade Nation also offers an FCA-regulated signals service through Acuity that provides clients with free daily signals on indices, commodities and forex markets.

Additionally, the brokerage offers a selection of online educational tools. This includes a jargon buster page and a wide range of articles that can be searched by category including market updates, company news and how to trade safely.

Trade Nation Accounts

Trade Nation’s account structure is simple, with the only two types of account available being the low leverage (up to 1:30) and high leverage (up to 1:200) accounts. Customers will not benefit from as reputable regulation or any financial compensation scheme if applying for the high leverage accounts. Market access, fees and trading tools are the same across each account.


Trade Nation has several advantages that distinguish it from competitors:


There are some drawbacks associated with the broker:

Trading Hours

Forex is open 24/5, while other markets are subject to local trading times. Trade Nation provides a handy market information sheet that provides trading hours for each market offered.

Customer Support

The company prides itself on offering a high level of personal support without the use of robots. Customer support is available 24/5 (Sunday 10pm – Friday 10pm, GMT). This includes a live chat service, which we found to be very responsive and accommodating. Additionally, customers can contact the broker via email or telephone:


We were impressed that Trade Nation requires all customers to answer a series of short questions about their trading background, prior to opening an account. If these questions are not answered satisfactorily, the broker will prevent customers from opening a live account until a practice account has been used first.

All of Trade Nation’s accounts are segregated. The company follows strict data privacy practices, with consistent standards in place across all account types.

Trade Nation Verdict

Trade Nation goes a long way to fulfilling its promise of challenging industry norms by being transparent and honest. It offers competitive, fixed spreads for a range of markets. We were particularly impressed by the measures in place to support customers such as the one-to-one walk through of the demo account and extensive video demonstrations. This regulated broker is a good choice, especially for customers new to the industry.

Accepted Countries

Across the three regulated entities (UK, Australia and the Bahamas), TradeNation can accept traders from around the globe.

Notable exceptions where TradeNation cannot accept traders from includes: New Zealand, US, Canada, Belgium and Algeria.

Alternatives to Trade Nation

If you are looking for alternatives to Trade Nation we have compiled a list of the top 5 brokers that are similar to Trade Nation below. This list of brokers like Trade Nation is in order of similarity and only includes companies that accept traders from your location.

  1. Exinity – Exinity provides flexible low-cost trading in FX, commodities, indices and equities alongside unique education and support provided by teams located across the world. Now operating in the Middle East, through regulation from the Financial Services Regulatory Authority in Abu Dhabi and the Financial Services Commission of Mauritius, Exinity provides a range of services to traders and investors looking for new opportunities in the financial markets.
  2. – boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.
  3. Rockfort Markets – Rockfort Markets is a New Zealand broker with a competitive range of assets, trading platforms and market conditions.
  4. EagleFX – EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
  5. LQDFX – LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.


How much capital do I need with Trade Nation?

Trade Nation has no minimum deposit requirement. Customers are only required to cover the minimum margin requirements of their trade.

Is Trade Nation a good broker?

Our review found Trade Nation to be a transparent broker that provides low, fixed spreads for a range of markets including forex, indices and commodities. It also offers a substantial range of high-quality online educational material.

Where is Trade Nation regulated?

Trade Nation is regulated by the FCA in the UK, ASIC in Australia, the FSCA in South Africa and the SCB in the Bahamas.

Does Trade Nation offer a demo account?

Trade Nation offers a practice account with £10,000 of virtual funds to trade with. The demo account can also be accessed using Trade Nation’s app.

Does Trade Nation offer a sign up bonus?

Trade Nation offers a loyalty scheme to non-FCA regulated account customers, which includes 1,000 bonus points when opening a live account. This entitles customers to receive a minimum cash rebate of 5% on any trades the following month, which can be withdrawn or applied to future trades.

Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions incl the UK and Australia. They boast tight spreads and no minimum deposit.

Trade Nation vs Other Brokers

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