Trade Nation Review 2022

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Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions including the UK and Australia. The firm offers tight spreads and no minimum deposit.

Bonus200 Sign-Up Reward Points
InstrumentsForex, CFDs, Indices, Shares, Commodities, Futures, Bonds
Demo AccountYes
Min. Deposit$0
Payment Methods
Min. Trade0.1 lots
Regulated ByFCA, ASIC, FSCA, SCB
MetaTrader 4Yes
MetaTrader 5No
Trading CentralNo
STP AccountNo
ECN AccountNo
DMA AccountNo
MAM AccountNo
PAMM AccountNo
LAMM AccountNo
Demat AccountNo
Mobile AppsiOS & Android
Margin TradingYes
Volatility IndexNo
Spot TradingYes
Perpetual SwapsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionYes
VPS HostingNo
Demo CompetitionsNo
Managed AccountsNo
Market MakerNo
Auto TradingEAs via MT4
Social TradingNo
Copy TradingNo
Trade SignalsYes - Signal Centre
Islamic AccountNo
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • ZAR
  • SEK
  • NOK
  • DKK
Guaranteed Stop LossNo
Stock Exchanges
  • Australian Securities Exchange
  • CAC 40 Index France
  • DAX GER 40 Index
  • Deutsche Boerse
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Hang Seng
  • Hong Kong Stock Exchange
  • Japan Exchange Group
  • London Stock Exchange
  • Nasdaq
  • New York Stock Exchange
  • SIX Swiss Exchange Trading
  • Aluminium
  • Copper
  • Gold
  • Oil
  • Silver
  • Zinc
CFD TradingDiversify trading portfolios with contracts for difference available on multiple financial markets.
CFD FTSE SpreadFrom 0.4
CFD GBPUSD SpreadFrom 0.6
CFD Oil SpreadFrom 3.0
CFD Stocks SpreadVariable
CFD Leverage1:200
Forex TradingTrade Nation offers trading on 30+ online currencies.
Forex GBPUSD SpreadFrom 0.6
Forex EURUSD SpreadFrom 0.6
Forex EURGBP SpreadFrom 0.6
Forex Assets33
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 2022 reviews of Trade Nation’s trading platform, app and market offerings to find out whether you should open an account. We also break down the brokerage’s regulatory status, leverage opportunities and more.

Trade Nation Headlines

The online broker was 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 brokerage has offices in each of these core countries.

The firm’s aim is to provide straightforward financial market access by removing complicated jargon and providing customer support throughout the trading process. The company also provides alternative data and market insights to help clients make informed trading decisions.

Trading Platforms

Trade Nation offers its own trading platform in addition to the popular MetaTrader 4 (MT4).

Trade Nation Platform

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

A multitude of interactive graph styles are available such as histograms and candle charts, as well as the ability to vary timescales from one minute to one month. It is also easy to overlay information on graphs, with a decent selection of drawing tools available. The optional deal button in the chart view means positions can be executed quickly.

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

Trade Nation Platform reviews and ratings
Trade Nation Platform

MetaTrader 4

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

MetaTrader 4 is favored among investors due to its selection of customizable and interactive charts, plus the ability to run trading robots. It offers a selection of 38 built-in indicators and 2,000 free custom indicators for market analysis, as well as 24 analytical objects for detecting trends.

The MQL 4 programming language enables users to write algorithms for automated trading, which can also be downloaded from the MT4 codebase. In addition, live trading signals are available in the MetaTrader marketplace.

Trade Nation MetaTrader 4 platform
MetaTrader 4

Assets & Markets

Trade Nation is transparent about its investment 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), 3 bond options and 6 shares.

The only notable absence is opportunities to invest in cryptocurrencies like Bitcoin.

Spreads & Commission

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

Importantly, the company is open about its trading fees. Aside from spreads, the only other charge is overnight interest applied to opened positions. The amount depends on the market and the direction of the investment. Clients can contact customer support if specific details are required.

Leverage Review

The leverage offered depends on which financial authority the trader’s account is regulated by.

For FCA and ASIC regulated accounts, leverage up to 1:30 is available, which is the maximum rate available under these regulators. For FSCA and SCB accounts, leverage up to 1:200 is offered.

Note, traders should be aware of the risks associated with using leverage to increase position sizes. While margin trading offers the opportunity to enhance earnings on a given investment, it can also result in increased losses.

Mobile Apps

Trade Nation

Trade Nation provides an app for its investing platform which is available for iOS and Android users to download. While there are no reviews available on Google Play 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 too.

Trade Nation Mobile App
Trade Nation Mobile App

MetaTrader 4

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

Automated bots, plus one-click trading are available on the MT4 app. A selection of instant and pending order types can be used. The only downside is that detailed technical analysis is harder to complete than the desktop terminal.

Trade Nation MetaTrader 4 mobile app
MetaTrader 4 Mobile App

Deposits & Withdrawals

The firm 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 three business days to arrive in Trade Nation accounts. UK customers can also use PayPal.

Importantly, there is no minimum deposit clause in place, making Trade Nation suitable for beginners.

Withdrawals are returned to the deposit source (card, Skrill or bank transfer) where possible to reduce the risk of fraud. All funds take up to five business days to arrive in accounts. The broker doesn’t charge any fees for deposits or withdrawals, however, your bank or third-party might.

The minimum withdrawal is set at 50 of the currency your account is in, for example, $50.

Demo Account

Trade Nation offers a free practice platform, where customers can test out investment strategies with $5,000 in virtual funds. We were impressed to discover that the broker provides a one-to-one walkthrough with the demo account, which can also be requested via a callback service on the website.

Bonuses & Promotions

The broker offers a loyalty scheme, where customers receive cashback for every opened position. Each trader will receive a sign-up bonus of 200 points upon opening an account, and one additional point for every USD traded.

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

Rebates range from 2% for customers with 200 points to an impressive 20% for customers with over 10,000 points in their account. Unfortunately, this loyalty scheme is only available to non-FCA and non-ASIC Trade Nation customers.

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

Regulation & Licensing

Trade Nation holds licenses in every country that it operates in. In the UK, Trade Nation is a firm name of Finsa Europe Ltd, which is authorized by the reputable Financial Conduct Authority (FCA) and provides 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 authorized and regulated by the FCA.

In Australia, Trade Nation is a company 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. On the downside, 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 mobile app.

Smart News aims to provide insights that keep investors 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 investors with specific threads relevant to their trading interests that might offer new market insights.

Additionally, the brokerage has 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 invest safely. These are useful for beginner traders.

Account Types

Trade Nation’s account structure is simple, with the only two types of accounts available being the low leverage (up to 1:30) and high leverage (up to 1:200) accounts. Customers will not benefit from FCA or ASIC regulation and any financial compensation scheme if applying for the high-leverage solutions. 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. The company has a handy market information sheet that provides trading hours for each market offered.

Customer Support

Trade Nation prides itself on offering a high level of personal support without the use of robots. Customer service is available 24/5 (Sunday 10 PM – Friday 10 PM, GMT). This includes a live chat service, which we found to be responsive and accommodating.

Additionally, users can contact the broker via email or telephone:


We were impressed that Trade Nation requires all clients 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 the broker’s bank accounts are segregated. The company follows strict data privacy practices, with consistent standards in place across all account types. Overall, the brokerage provides a relatively secure investing environment for its users.

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 popular financial markets. We were particularly impressed by the measures in place to support customers, such as the one-to-one walkthrough of the demo account and extensive video demonstrations. This regulated broker is a good choice, especially for traders new to the industry.

Accepted Countries

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

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

Compare Trade Nation

Compare Trade Nation with similar brokers that accept traders from your location. Among available brokers these are the most similar to Trade Nation:

  1. InstaForex – InstaForex is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, and energy, as well as stock indices. With competitive fees and a huge range of available assets, the brand offers safe and reliable trading.
  2. IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.
  3. eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. eToro USA LLC does not offer CFDs, only real crypto assets available.
  4. – boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer tight spreads on a cutting edge platform.

Trade Nation Comparison Table

Compare Trade Nation With Similar Brokers
Trade Nation InstaForex IG Group eToro
Rating 3.9 4.4 4.7 4.5
Markets Forex, Stocks, Commodities Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit $0 €200 to €50,000 (depending on account type) £250 $10 $100
Minimum Trade 0.1 lots 0.01 Lots 0.1 lots $10 $1
Bonus 200 Sign-Up Reward Points No
Education No No Yes Yes Yes
Platforms MT4 MT4, MT5 MT4 MT4
Leverage 1:200 1:30 for retail clients, 1:500 for professional 1:30 1:30 EU 1:200
Payment Methods 5 10 6 14 8
Detailed Comparison Trade Nation vs InstaForex Trade Nation vs IG Group Trade Nation vs eToro Trade Nation vs
Review Trade Nation
IG Group

Compare Trading Instruments

Compare Trade Nation Trading Instruments
Trade Nation InstaForex IG Group eToro
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil Yes Yes Yes Yes Yes
Gold Yes Yes Yes Yes Yes
Copper Yes No Yes Yes No
Silver Yes Yes Yes Yes Yes
Corn No No No Yes No
Crypto No Yes Yes Yes Yes
Futures Yes No Yes No Yes
Options No No Yes No Yes
ETFs No Yes Yes Yes No
Bonds Yes No Yes No No
Warrants No No No No No
Spreadbetting No No Yes No No
Volatility Index No No Yes Yes No

Trade Nation vs Other Brokers

Compare Trade Nation with any other broker by selecting the other broker below.

Trade Nation vs


How Much Capital Do I Need With Trade Nation?

Trade Nation has no minimum deposit requirement. Customers are only asked to cover the minimum margin requirements of their position. This makes the brand popular with new investors.

Is Trade Nation A Good Broker?

Our 2022 review found Trade Nation to be a transparent broker that provides low, fixed spreads across a range of markets including forex, indices and commodities. The company also offers a decent range of high-quality online educational material.

Where Is Trade Nation Regulated?

Trade Nation is regulated by the UK Financial Conduct Authority (FCA), the Australian Securities & Investments Commission (ASIC), the South African Financial Sector Conduct Authority (FSCA), and the Securities Commission of The Bahamas (SCB).

Does Trade Nation Offer A Demo Account?

The broker offers a practice account with $5,000 of virtual funds. The demo account can also be accessed using Trade Nation’s app. New users can sign up for the free demo account on the Trade Nation website.

Does Trade Nation Offer A Sign-Up Bonus?

Trade Nation operates a loyalty scheme to non-FCA and non-ASIC regulated account customers, which includes 200 bonus points when opening a live account. This entitles clients to receive a minimum cash rebate of 2% on any opened positions the following month, which can be withdrawn or applied to future investments.

Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions including the UK and Australia. The firm offers tight spreads and no minimum deposit.

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