Trade Nation Kenya Review

Regulation - 9/10

Trade Nation is a forex & spread bet broker & is not regulated by the CMA Kenya. Trade Nation is regulated by the FSCA South Africa, ASIC Australia, FSA Seychelles (Kenyan traders are placed here), & FCA United Kingdom.

Funding & Withdrawal - 10/10

Trade Nation Minimum Deposit

Trade Nation minimum deposit is $1 on all their account types.

Trade Nation Minimum Withdrawal

Trade Nation minimum withdrawal is $50 irrespective of the withdrawal method you choose. On your first withdrawal, you will need to send them a soft copy of your bank statement.

Trade Nation Withdrawal Time

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

Trade Nation Payment Methods

Account Types - 7/10

1. MT4 Standard Account (variable spread)

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

2. MT4 Raw Account (variable spread)

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

3. TN Spread Bet Account (fixed spread)

This account is meant for spread betting only, it comes with fixed spread and TradingView access.

4. TN Trader CFD Account (variable spread)

This account is meant for CFD trading only, it comes with TradingView access.

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 - 8/10

1. Spread & Commission

The MT4 Account has variable spreads from 0.3 pips. The TN Trader CFD Account & TN Spread Bet Accounts have fixed spreads from 0.3 pips.

EUR/USD spreads are fixed at 0.3 pips in the morning and evenings, when spreadbetting.

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. Withdrawal Fees

Yes, Trade Nation charges a processing fee when you are withdrawing small amounts of money.

3. 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.

4. Overnight Fees

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

Account Management - 6/10

Number of Trading Accounts You Can Open is 3

Trade Nation Leverage

Trade Nation offers up to 1:500 leverage to Kenyan traders.

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 ro verify your phone number.

Step 2: Select Your preferred trading Platform

You are made to choose the TN Trader platform by default & this platform also gives you access to TradingView.

Step 3: Choose your Account Currency

Step 4: Answer A few Questions on your Financial Experience

Step 5: ID Verification

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

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, then 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 Web Platform

This web-based platform is can be used for both spread betting & CFD trading. You can access/launch it from your personal area.

2. MT4

The MT4 platform is meant for CFD trading only. To download MT4, you must login to your personal area then check the top righthand corner (beside your name) to see the Trade Nation MT4 download link.Trade Nation does not have MT5 unfortunately.

3. TradingView

Trade Nation is a TradingView broker so you can use your TN login details to access the TradingView platform for free. Trade Nation only permits CFD trading via TradingView so you cannot spread bet on TradingView.

4. TN Mobile App

Trade Nation has a mobile app for iOS & android phones. The app comes with trading capability, news & in-app account funding. The downside of the app os that the charts are rather basic and lack sophistication.

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 - 5.5/10

1. 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.

2. Daylight Savings Tool

Helps you keep track of DST changes for different locations.

3. Market Expiries Tool

tells you when futures contracts are expiring.

4. Dividend Projection Tool

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

5. 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 - 7.5/10

Trade Nation is our forex broker with the lowest spread in Kenya but they are not locally regulated so there is no investor protection for Kenyan traders.