Trade Nation vs Tastyworks

Trade Nation vs tastytrade Comparison Table 2024
Trade Nation tastytrade
4.4
3

tastytrade is #35 in our broker rankings.

United States Flag Traders from US not accepted
United States Flag Traders from US accepted

Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions including the UK and Australia. The firm offers low-cost fixed and variable spreads on 1000+ assets with robust trading platforms and training materials. The Signal Centre can also be used for trade ideas.

tastytrade is an award-winning brokerage, launched in 2017. The brand specializes in futures, options and stock trading with US and Australian regulatory oversight. The proprietary trading interface, designed by the creators of Thinkorswim, is powerful with plenty of integrated tools to suit active traders.

84% of retail investor accounts lose money when trading CFDs with this provider.
Bonus Offer
200 Sign-Up Reward Points
Comment by Reviewer
"Trade Nation is a good choice for newer traders looking for a wide range of financial markets on a user-friendly platform. There is no minimum deposit, free funding options and strong education." "tastytrade is a good choice for investors looking for low-cost, multi-asset trading opportunities. Experienced traders in particular will appreciate the comprehensive analysis tools and advanced trading technology."
Pros
  • A choice of trading platforms and apps, including MT4, make the brand a good fit for savvy traders
  • Trade Nation is a multi-regulated and respected broker that previously operated as Core Spreads
  • Full range of investments via leveraged CFDs for long and short opportunities
  • The trading firm offers tight spreads and a transparent pricing schedule
  • Multiple account currencies are accepted for global traders
  • There is a low minimum deposit for beginners
  • Transparent pricing model including a $1 commission on stocks and ETF options, with maximum limits per leg for some assets
  • Wide range of asset classes including options, futures, stocks, ETFs and indices with the majority available to trade 24/5
  • Good choice of account types suitable for various investment goals including IRAs and individual/joint trading accounts
  • Powerful proprietary platform with detailed insights, real-time trading videos, and order adjustment features
  • Excellent regulatory oversight from FINRA, NFA and ASIC with SIPC insurance for US clients
Cons
  • Fewer legal protections with offshore entity
  • Less suitable for beginners with no demo account and basic educational resources
  • Narrow range of instruments with no forex trading
  • No credit/debit card payments
  • USD base currency only
  • No 529 plan
Instruments
Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Cryptos (Bahamas Entity Only) Stocks, ETFs, Cryptos, Futures, Options
Demo Account
Yes No
Minimum Deposit
$0 $0
Trading Platforms
  • MT4
  • Own
Payment Methods
Minimum Trade
0.1 Lots
Regulator
FCA, ASIC, FSCA, SCB, FSA SEC, FINRA
Margin Trading
Yes Yes
STP Account
Yes No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS & Android
iOS App Rating
4.1
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes No
Copy Trading Platform
Trade Nation Seychelles offers signals and copy trading. These are attractive options for beginners and those looking to a hands-off approach to online trading. You can leverage the expertise of seasoned traders to speculate on popular financial markets, including forex, stocks and commodities.
Social Trading
No No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No Yes
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • ZAR
  • SEK
  • NOK
  • DKK
Stock Exchanges
Commodities
CFD Trading
Trade leveraged CFDs on over 1000 assets with low-cost spreads. You can also take advantage of the broker's integrated signals to help you determine when to enter and exit positions. CFD trading not offered
Leverage
1:500 (entity dependent)
FTSE Spread
From 0.4
GBPUSD Spread
From 0.6
Oil Spread
From 3.0
Stocks Spread
Variable
Forex Trading
Trade Nation offers over 30 of the most popular forex pairs with variable spreads. Traders can access a slick proprietary platform or MetaTrader 4, with real-time forex market updates and insights via 'Smart News'. Forex trading not offered
GBPUSD Spread
Variable
EURUSD Spread
Variable
EURGBP Spread
Variable
Assets
33
Cryptocurrency
Cryptocurrencies are available through the broker's Bahamas entity. Traders can access thousands of indicators to tailor their crypto trading strategies and there are no hidden charges. tastytrade offers a small selection of cryptocurrencies, available to trade as long positions only. This includes Bitcoin, Ethereum, Litecoin and Dogecoin. But with a narrow suite of digital currencies, it isn't the best pick for high-volume crypto traders.
Spread
Fixed Variable
Coins
  • BTC
  • ETH
  • LTC
  • BTC
  • ETH
  • LTC
  • DOGE
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
84% of retail investor accounts lose money when trading CFDs with this provider.
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