Trade Nation Review
We researched in Trade Nation Trading Conditions & We Share our Findings With You
!! Regulator Warning !!
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.1% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Trading Conditions
| Min Trade | USD 1 |
| Min Deposit | USD 1 |
| Base Currencies | USD, ZAR |
| EURUSD Spreads | 0.4 |
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 a Broker Offering Fixed Spreads (on spread bets) & variable Spreads (on CFDs)
| 👨 Broker | Trade Nation |
| 👨 Accepts Nigerian Traders? | Yes |
| 📅 Year Founded | 2014 |
| ⚖ Regulators | FSA, FCA, ASIC, FSCA |
| 💰 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 |
| 🔎Auditors | |
| 💻 Platforms | MT4, TN Mobile, TN Web, Trade Copier, TradingView |
| 📋Account Types | MT4 Standard, MT4 Raw, TN Account |
| 📞Live Support | 24/5 |
| 🏖️ Inactivity Fee | $0 |
| ✅Reason To Trade | Global Presence/Strong Regulation $1 Minimum Deposit Fixed & Variable spreads from 0.3 pipsSupports Local Funding MethodsGuaranteed Stop Loss No inactivity FeesTradingView Access |
| ❌Reason To Avoid | No Naira Account CurrencyNo MT5 High Minimum WithdrawalYou cannot open more than 3 live accounts |
Regulation - 10/10
FSA Seychelles
Trade Nation activities in Nigeria are regulated by the Financial Services Authority (FSA) in Seychelles.
FCA United Kingdom
Trade Nation also operates in the UK where they are regulated by the Financial Conduct Authority (FCA) with Firm Reference Number 525164.
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 - 8/10
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 account is also for CFD trading, but it 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.
4. TN Trader CFD Account (variable spread)
This account is meant for CFD trading only, it comes with variable spread and TradingView access.
Funding & Withdrawal - 9/10
Trade Nation Minimum Deposit
Trade Nation minimum deposit is $1 irrespective of the deposit method you opt for. The deposits are processed instantly under five seconds.
Trade Nation Minimum Withdrawal
Trade Nation minimum withdrawal is $50 for all withdrawal methods. On your first withdrawal, you will need to send them a soft copy of your bank statement.
Trade Nation Withdrawal Time
Trade Nation withdrawal time is instant and the withdrawal rules are very flexible. Even when we deposited through bank card, we were allowed to withdraw through another method which was local bank transfer.
Trade Nation Payment Methods
- Local Nigerian Banks
- Visa/Master/Maestro Cards
- MPESA
- USSD
- PayAttitude
- Crypto
- BinancePay
- Skrill
- Neteller
Range of Markets - 7/10
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 - 10/10
1. Spread & Commission
The MT4 Account & TN Trader Account have variable spreads from 0.3 pips. The TN Spread Bet Account has fixed spreads from 0.3 pips.
EUR/USD spreads are fixed at 0.3 pips in the morning and evenings, when spread betting.
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 does not offer Naira accounts so you will have to open your trading account in USD currency.
Leverage
Trade Nation offers up to 1:500 leverage to Nigerian traders.
Number of Trading Accounts You Can Open
- 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 an 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
In this step you can choose between the GBP, EUR 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 Nigeria 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 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.
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.
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 is 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 - 5/10
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.
| 🏛️ 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 |
| Pepperstone | 10 | 10 | 6 | 6 | 9 | 6 | 10 | 9 | 7 | 8.1 |
| Trade Nation | 10 | 9 | 7 | 6 | 7 | 10 | 7.5 | 5 | 8 | 8 |
| Exness | 10 | 10 | 10 | 6 | 5 | 7 | 8 | 5 | 8 | 7.8 |
| FxPro | 10 | 10 | 6 | 10 | 9 | 6 | 8 | 5 | 7 | 7.8 |
| Just Markets | 6 | 9 | 10 | 7 | 7.5 | 9 | 7 | 4 | 8 | 7.5 |
| Deriv | 5 | 8 | 9 | 6 | 10 | 6 | 7 | 6 | 9 | 7.3 |