Trade Nation Review

Regulation - 10/10

FCA United Kingdom

Trade Nation Financial UK LTD (trading as Trade Nation) are in the UK where they are regulated by the Financial Conduct Authority (FCA) with Firm Reference Number 525164.

Trade Nation Financial LTD are also the owners of the broker TD365 which they operate separately.

ASIC Australia

Trade Nation is in Australia where their activities are regulated by the Australian Securities & Investment Commission (ASIC) with license number 000422661 assigned to them.

FSCA South Africa

Trade Nation is in South Africa where their activities are reguated by the Financial Sector Conduct Authority (FSCA).

Account Types - 7/10

1. MT4 Standard Account

This is a spread-only account for CFD trading with zero commissions that only works with the MT4 platform.

2. MT4 Raw Account

This MT4 account offers lower spread than the standard account, but you must pay a fixed commission per trade.

3. TN Spread Bet Account

This account is meant for spread betting only, but this time you get fixed-spreads.

4. TN CFD Account

This account is meant for CFD trading only, but the spreads are not fixed (they are variable) and this account is the only one that works with TradingView.

Funding & Withdrawal - 10/10

Trade Nation Minimum Deposit

Trade Nation Minimum Withdrawal

Trade Nation minimum withdrawal is $50.

Trade Nation Withdrawal Time

Trade Nation Withdrawals via AO Bank Transfer & Cards are instant but in a worst case scenario, can take up to 1 business day.

Trade Nation Payment Methods

• Local UK Banks
• Visa/Master/Maestro Cards
• MPESA
• USSD
• PayAttitude
• Crypto
• BinancePay
• Skrill
• Neteller

Range of Markets - 5/10

You can trade the markets using Spread Betting or CFDs at Trade Nation.

1. Forex CFDs & Spread Bet

35+ FX pairs are on the menu for trading and these include major, minor & exotics.

2. Indices CFDs

40+ Indices are on the menu including Nas100, DE40, US30 etc.

3.Stock CFDs

200+ Stock CFDs of companies from South Africa, Europe & US are on the menu.

4. Commodity CFDs

Trade Nation allows you access to XAU/USD, Energies, Agricultural commodities etc.

Trade Nation Fees - 9.6/10

1. Spread & Commission

When trading spread bets, you get access to fixed spreads. EUR/USD spread is fixed at 0.3 pips at 7:00 am in the morning and also between 5 & 10:00 pm in the evening.

However, between the hours of 8:00 am & 4:00 pm, EUR/USD spread is fixed at 0.6 pips.

You also get fixed spreads when spread betting on all other instruments offered by Trade Nation.

Trade Nation also offers variable spreads from 0.3 pips on CFD trading only. If you are trading spread bets you do not get access to variable spread pricing.

Trade Nation also offers raw spreads on their MT4 Raw Account but you must pay a $3.5 per side commission on every standard lot trade.

2. Inactivity Fees

No, Trade Nation does not charge inactivity fees but dormant accounts that have not placed an OTC trade for 180 consecutive days will be closed. Any balance in a closed account should be withdrawn within 28 days or it will be donated to a charity of your choice.

3. Overnight Fees

Keeping your CFD trades open till the next day will attract overnight fees.

Account Management - 6/10

Account Currency

Trade Nation trading accounts can be opened in GBP, USD, EUR & ZAR base currencies.

Leverage

Trade Nation offers up to 1:30 leverage to UK traders.

Number of Trading Accounts You Can Open is 3

• TN Trader CFD Account (for TradingView) - 1
• TN Trader Spread Bet Account - 1
• MT4 Account - 2

Negative Balance Protection

Your Trade Nation account cannot slip into negative balance because there is a mechanism to prevent that. This means you cannot lose more than your account balance no matter how volatile the markets are.

How to Open a Live Account at Trade Nation

Step 1: Register & Create a Profile

Visit the Trade Nation website & click on signup then enter your email address & password, then click on signup.

Select your country of residence & nationality then proceed to verify your phone number.

Step 2: Select Your preferred trading Platform

Choose between MT4, TradingView & TN Proprietary trading platforms. Trade Nation does not offer MT5 sorry.

Step 3: Choose your Account Currency & Account Type

Step 4: Answer A few Questions on your Financial Experience

Step 5: ID Verification

Upload your UK government issued means of identification that shows your full date of birth & submit.

Step 6: Liveness Check

You will be required to use your mobile phone or laptop camera to video yourself as a means of confirming you are not a robot.

How to Open a Trade Nation Demo Account

Step 1

Logon to your client area and click on "Accounts" then go to "add MT4 account" and then click on "Demo"

If you have already created an MT4 live account & you want to open a demo account, go to your personal area, launch the MT4 web terminal, then like i said above, click on "demo".

Step 2

Fill in the specifications for your new Trade Nation Demo Account such as nick name, leverage, account balance etc. Ensure you select server name to be "TradeNation-DemoBravo" and then click on "complete".

Platforms - 7.5/10

1. TN Trader Platform

This web-based platform is meant for spread betting and you need to open a TN Trader Account type to be able to use it.

Trade Nation also has a mobile app on google and apple online stores so you can trade on the go.

2. MT4

The MT4 platform is meant for CFD trading only. You cannot use the MT4 account to trade on TradingView.

Trade Nation MT4 comes in desktop, mobile and web versions. Trade Nation does not offer MT5 unfortunately.

3. TradingView

To use TradingView charts you must open a "TN Trader CFD Account" because the MT4 account wont work on TradingView. Trade Nation only permits CFD trading via TradingView so you cannot spread bet on it.

How To Connect Trade Nation to TradingView

Log in to TradingView

Visit the TradingView website, click on sign in and you get the option to sign in with your Google Account, Apple Account, LinkedIn Account, X Account, or email. elect any sign in method to proceed.

Choose an instrument to trade

To select an instrument to trade on TradingView, click on Markets and then select any instrument of choice.

Navigate To Super Charts

After choosing an instrument to trade, opt to view the instrument on Super Charts by clicking on the "see on super charts" button.

Open Trading Panel

To see a list of brokers on TradingView, click on Trading Panel.

Proceed to expand the trading panel by clicking on the expand icon by the bottom far right hand side.

Choose Your Broker

After the trading panel opens, you will see a list of all the forex brokers on TradingView.

Locate Trade Nation on the list and connect with your broker details.

Tools - 7/10

1. Guaranteed Stop Loss

Trade Nation has guaranteed stop loss which ensures your stop loss is executed at your desired price irrespective of slippage.

2. Trade Copier Tool

Trade Nation has copy trading and you can access it by downloading the Trade Copier App. Copy trading at Trade Nation works for both TN & MT4 accounts.

3. Daylight Savings Tool

Helps you keep track of DST changes for different locations.

4. Market Expiries Tool

tells you when futures contracts are expiring.

5. Dividend Projection Tool

Gives you an estimate of how much a stock price is expected to fall after dividends are paid.

6. Market Holiday Tool

Tells you when different markets across the globe are going on public holiday.

Customer Support - 8/10

1. Live Chat

Trade Nation live chat is open 24/5 on weekdays but unavailable on weekends.

2. Telephone

An international phone number is displayed on their website but it is not toll-free.

3. Demo Account

Trade Nation offers a demo account for experimenting with fake cash.

4. Email

A dedicated email address is displayed on their website for complaint resolution.

5. Personal Account Manager

After you have uploaed ID documents and verified your account, you will be assigned a Personal Account Manager who will contact you via international phone number.

Final Verdict - 8/10

Trade Nation is a great forex broker for expert traders seeking tight spreads. They are not very suitable for beginners because the minimum withdrawal is too high at $50.