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
Low spreads but the execution speed is not all tha...
Low spreads but the execution speed is not all that
Guys, this is the best broker for TradingView beca...
Guys, this is the best broker for TradingView because they allow you connect your standard account (not raw spread) to the TradingView platform. Most brokers restrict TradingView to only Raw Spread Account holders
I trade eur/usd with Trade Nation and get spreads ...
I trade eur/usd with Trade Nation and get spreads of 0.6 pips most of the time, which makes it cost effective for me to scalp; getting in and out of trades multiple times without the spread amounting to so much. If you are a regular trader, Trade Nation is the best option.
So easy to connect my TN account to tradingview an...
So easy to connect my TN account to tradingview and i get the option of fixed spread or variable spread. TN is the best broker i have used thus far !!!
They assigned a Personal Account Manager to me whi...
They assigned a Personal Account Manager to me which is very cool. I can call her any time or send her a mail when I have issues and she responds.
Trade Nation spreads are really low which i like. ...
Trade Nation spreads are really low which i like. Their customer support before account opening is bad but after account opening it is very good. They just need to offer more account currencies in addition to the EUR, USD, & GBP which they currently offer.
Best MT4 platform i have used. It adjusts the time...
Best MT4 platform i have used. It adjusts the time on the charts to your country's timezone. I am also enjoying the customer service and tight spreads. To be honest Trade Nation is better than i had expected. Initially i had troubles setting up my account but once that hurdle was cleared it was a breeze all the way
super cool spreads!!! my gosh i didnt know what i ...
super cool spreads!!! my gosh i didnt know what i was missing. I also love the TradingView integration, its superb !!
Mobile app is trash, demo account comes with limit...
Mobile app is trash, demo account comes with limited funds which cannot be adjusted. The only good thing about trade nation is their low spread but everything else is bs
everyone is complaining about their account openin...
everyone is complaining about their account opening procedure and i have had a bad experience too. They require too many documents to open an account: bank statement, bank confirmation letter, etc. They even require you do a video for facial verification wth!!!
Terrible customer support and it doesnt seem like ...
Terrible customer support and it doesnt seem like they care. Account opening is so difficult and they dont offer any help or get back to you to ask why you abandoned the account opening process.
I tried to open an account with this broker severa...
I tried to open an account with this broker several times but every time I click on register, the website just freezes. II then downloaded their mobile app to try opening the account and it says "user already exists on different signup method" so now I'm stuck in the middle
Their TN platform freezes during peak market hours...
Their TN platform freezes during peak market hours and sometimes it takes ages to login. These login delays cost me money because the market moves against me while I am waiting for their platform to log me in
I cant even open an account from their website, no...
I cant even open an account from their website, nothing is working.
Best broker I have seen in my 5 years of trading f...
Best broker I have seen in my 5 years of trading forex. I love that there is no minimum withdrawal and even though withdrawal fees apply, it is still better because I can withdraw any amount I want. More brokers should be like TN
Terrible experience, I changed my password and sin...
Terrible experience, I changed my password and since then I have not been able to login to my personal area. I expected better
Th real deal ! Trade Nation is a very honest broke...
Th real deal ! Trade Nation is a very honest broker and fixed spreads enable me to plan my trades properly. The TN app is better than i expected. Kudos
Been trading with them for 4 years now and I have ...
Been trading with them for 4 years now and I have not had any major issues except some delays in deposit hitting my trading account. Trade Nation has some of the best platforms out there and their customer service is top notch
I came to Trade Nation because of their fixed spre...
I came to Trade Nation because of their fixed spread and since then I have not been disappointed. They should try and extend the fixed spread to CFD trading and not just spread betting
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 |