Trade Nation Kenya Review
What does Trade Nation Do?
Trading Conditions
| Min Trade | USD 1 |
| Min Deposit | USD 1 |
| Base Currencies | USD, ZAR |
All Reviews
High Minimum Withdrawal
The minimum withdrawal is too high, it prevents me from taking money out urgently
lowest spread on natural gas
Trade Nation charges my just 6 pips on natural gas trades which is 5 times lower than 29 pips I was being charged by FxPro.
Trading with Trade Nation has been so flexible and...
Trading with Trade Nation has been so flexible and easy going. what l don't like is the minimum withdrawal which is too high at $50, it will be better if it is lower to enable one make withdrawal easily.
Card deposits are so fast and do not need 2 factor...
Card deposits are so fast and do not need 2 factor authentication. All you need to do is enter your cvv. This means even if i do not have my mobile phone with me, I can make a card deposit and it impacts instantly. Best i have ever seen! Thanks TN!
Lovely customer support, I appealed that they appr...
Lovely customer support, I appealed that they approve my withdrawal of $27 even though it was below their stipulated minimum withdrawal threshold of $50 and they obliged. I also love their low spread and TradingView integration
Best customer support in the world. Every time you...
Best customer support in the world. Every time you live chat them, they send a copy of the live chat to your email for future reference, how professional!!! Now lets talk about the spreads, from 0.3 pips is excellent
Trade Nation customer support is so good and they ...
Trade Nation customer support is so good and they allow access to TradingView for all traders with $1 minimum deposit.
I am having a good time with Trade Nation, the spr...
I am having a good time with Trade Nation, the spreads are unbeleivably low and TradingView charting is available for everyone
Beware there's a dark side to Trade Nation, they a...
Beware there's a dark side to Trade Nation, they always delay withdrawals unnecessarily sometimes it could take you 2 days to get your withdrawal.
really impressed with their customer service staff...
really impressed with their customer service staff who are very knowledgeable and ready to help. I had an issue with a deposit not reflecting and they resolved it in under 5-minutes
They like to delay withdrawals and that is the onl...
They like to delay withdrawals and that is the only problem i have with them. One time, they rejected my withdrawal for no reason and i contacted them only for them to say it was an error
TN supports so many deposit & withdrawal methods a...
TN supports so many deposit & withdrawal methods and my favorite is the USSD deposit method.
Trade Nation does not have a demo account on MetaT...
Trade Nation does not have a demo account on MetaTrader, but they are on TradingView so you can use the demo account on TradingView
The mobile app keeps logging out each time you wan...
The mobile app keeps logging out each time you want to switch account; they should fix this. Trade Nation has one of the fastest withdrawals i have seen in the industry
Trade Nation has excellent execution speed, I read...
Trade Nation has excellent execution speed, I read some reviews here saying their execution is slow but that only happens on their TradingView, for fast execution use their MT4. Right now the only downside for Trade Nation is that they do not offer MT5
Slippage occurs a lot with this broker, because of...
Slippage occurs a lot with this broker, because of that i cannot give them 5 stars, bit i will give them 4 stars for their TradingView platform and low spreads
Before they approve your withdrawal you have to se...
Before they approve your withdrawal you have to send them your bank statement, which is weird. Other than that I enjoy using TN so much
Their withdrawal takes time to reach your account,...
Their withdrawal takes time to reach your account, most times it reaches 2 working days.
slippage is common with this broker, byt they also...
slippage is common with this broker, byt they also give you positive slippage which is good. overall i give them 5 stars because their fees are low any times i got 0.3 pips spread on euro dollar pair
Most cost efficient broker ever!!! If you dont wan...
Most cost efficient broker ever!!! If you dont want to pay big big spreads this is the broker to use, no capping !
Trade Nation is an FSCA, ASIC, FCA regulated broker with $1 minimum deposit & mpesa support
| 👨 Broker | Trade Nation |
| 👨 Accepts Kenyan Traders? | Yes |
| 📅 Year Founded | 2014 |
| ⚖ Regulators | FSCA, ASIC, FCA |
| ⚖ FSP No. | 49846 |
| ⚖ CMA Regulated? | No |
| 💰 Minimum Deposit | $1 |
| 💰 Minimum Withdrawal | $50 |
| 📈 CFD Instruments | Forex CFDs, Commodity CFDs, Stock CFDs, Index CFDs, Crypto CFDs |
| 📈 Spread Bet Instruments | Forex Spread Betting, Commodity Spread Betting, Stock Spread Betting, Indices Spread Betting, Crypto Spread Betting |
| 🚀Leverage | 1:500 |
| 💱Account Currency | ZAR, USD |
| 🔎Auditors | |
| 💻 Platforms | MT4, TN Mobile, TN Web, Trade Copier, TradingView |
| 📋Account Types | MT4, TN Account |
| 📞Live Support | 24/5 |
| 🏖️ Inactivity Fee | $0 |
| ✅Reason To Trade | $1 Minimum Deposit Accepts MpesaTight Spreads From 0.3 PipsTradingView AccessFixed & Variable SpreadsGood Customer Support |
| ❌Reason To Avoid | No CMA Regulation No MT5No KES Account$50 Minimum WithdrawalYou cannot open more than 3 live accounts |
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
- Local Kenyan Banks
- Visa/Master/Maestro Cards
- MPESA
- USSD
- PayAttitude
- Crypto
- BinancePay
- Skrill
- Neteller
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
- TN Trader CFD Account (for TradingView) - 1
- TN Trader Spread Bet Account - 1
- MT4 Account - 2
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
In this step you can choose between the ZAR or USD base currency. This will be your account currency & cannot be changed after this.Step 4: Answer A few Questions on your Financial Experience
Here, you will be asked questions about your employment status, source of funds, investing experience etc.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.
| 🏛️ Broker | ⚖️ Regulation | 💰Deposit & Withdrawals | 💱Account Types | 🧹Account Management | 🛒Range of Markets | ✂️Fees | 💻Platforms | 🛠️Tools | 🚑Support | 🏆Score |
| HFM | 10 | 10 | 10 | 10 | 8 | 7 | 5 | 8 | 9 | 8.4 |
| Tickmill | 10 | 7 | 7 | 9 | 9 | 8 | 7.5 | 10 | 6 | 8.2 |
| Exness | 10 | 10 | 10 | 6 | 5 | 7 | 8 | 5 | 8 | 7.8 |
| FxPro | 10 | 10 | 6 | 10 | 9 | 6 | 8 | 5 | 7 | 7.8 |
| Trade Nation | 9 | 10 | 5 | 6 | 5 | 9.6 | 7.5 | 5.5 | 8 | 7.5 |
| Just Markets | 6 | 9 | 10 | 7 | 7.5 | 9 | 7 | 4 | 8 | 7.5 |