The unique platform suite from Trade Nation is well-designed and simple to use, making it ideal for newcomers to forex and CFD trading. But if you’re an experienced trader, you could discover that Trade Nation is missing some of the greatest trading platforms’ most sophisticated features.
Pros
Australia, the UK, South Africa, and the Bahamas all have regulations.
Trade Nation received a Best in Class grade for our Ease of Use category thanks to their smartly designed and user-friendly web and mobile platforms.
The Trade Nation mobile app and website’s Smart News feature curates tweets and news stories in a useful way.
They offer a dollar-per-point default staking size, similar to eToro or Plus500. Here, you may choose how much you wish to risk per price point or per pip.
ChartIQ provides the charts on TradeNation’s web and mobile platforms.
Except during rollover time, fixed spreads for forex and CFD trading are competitive.
As a component of Trade Nation’s Signal Center, trading signals powered by Acuity are accessible both within the platform and as a standalone web module.
Cons
Beyond the Twitter-curated Smart News function, there is no integrated web platform for news headlines and market research.
Market research updates on blogs are infrequent and interspersed with instructional content.
The educational selection is constrained, and the blogs, videos, and articles are monotonous.
When compared to Trade Nation’s exclusive web-trading platform, MetaTrader 4’s selection of markets is constrained.
The new audio series from Trade Nation is well-produced and frequently amusing, but it’s not necessarily entirely devoted to financial markets.
Trade Nation: is it secure?
Trade Nation has an overall Trust Score of 83 out of 99, which is considered high. Both Trade Nation and its stock are not traded openly. Two Tier-1 (highly trusted) regulators, one Tier-2 (trusted), zero Tier-3 (average risk), and one Tier-4 (high risk) regulator have all authorized Trade Nation. The two Tier-1 authorities that have authorized Trade Nation to conduct business are the Australian Securities and Investment Commission (ASIC) and the Financial Conduct Authority (FCA). Get more information about the Trust Score.
Investments are being made available.
There are 601 tradeable symbols available overall on Trade Nation. These include well-known commodities, metals, bonds, indexes, 33 spot currency pairs, 102 U.K. shares, and 423 U.S. shares.
Cryptocurrency: Clients who have registered under Trade Nation’s Bahamas entity are able to trade cryptocurrencies on the company’s web platform.
Commissions and fees
Along with variable-spread pricing on its MetaTrader platform, Trade Nation also provides competitive fixed-spread pricing across all of its tradeable symbols. Trade Nation maintains a set spread distance while prices change, unlike the majority of brokers that provide variable pricing. This indicates that its pricing may be used as-is as an average price without further calculation, with the exception of the daily rollover period, when prices expand for around an hour.
Fixed spreads: For the EUR/USD pair, Trade Nation displays a fixed spread of 0.6 pips. Reiterating that Trade Nation does indeed temporarily widen its spreads during its rollover period each day to as much as 1.4 pips, the true average when factoring all price tick data is closer to 1 pip (though it can be lower depending on whether the average is weighted by time or trade volume).
Minimum Deposit: $0
Average Spread EUR/USD: Standard 0.6
All-in Cost EUR/USD: Active 0.6
Active Trader or VIP Discounts: No
ACH or SEPA Transfers: No
PayPal (Deposit/Withdraw) No
Skrill (Deposit/Withdraw) YES
Visa/Mastercard (Credit/Debit) YES
Bank Wire (Deposit or Withdraw) YES
Apps for mobile trading
Overall, the Trade Nation app receives great marks for usability but is missing some of the more sophisticated features that are common among the top trading applications.
Overview of apps: For Android and iOS devices, the Trade Nation mobile app can be downloaded directly from the Google Play and Apple App Stores, and Trade Nation customers can also access MetaTrader 4 (MT4).
User-friendly: The Trade Nation mobile app is just as simple to use as the website version, and it offers the same functionality and distinctive features, including its Smart News section with headlines and hand-curated tweets, that helped Trade Nation win a Best in Class award for Ease of Use for 2023.
Charting: The Trade Nation mobile app’s ChartIQ-powered charting functionality includes over 90 indicators and dozens of drawing tools.
Trading tools
Outside of the curated stream of tweets that is available inside the Smart News module, Trade Nation’s online platform lacks integrated market research, news headlines, and other in-house material. Simply put, there’s a lot of space on the site that’s unoccupied, where I was hoping to discover more trading tools. Having said that, I was thrilled to discover Acuity Trading-powered trading signals that are simply reproduced and tastefully incorporated under the signals tab for users of live accounts.
Android App: Yes
Apple iOS App: Yes
Mobile Alerts: Basic Fields: Yes
Watchlists: Total Fields: 12
Watchlist Syncing: Yes
Charting: Indicators and Studies (Total): 95
Charting and Drawing Tools (Total): 36
Mobile Charting: Draw Trendlines: Yes
Mobile Charting with Multiple Time Frames: Yes
Forex Calendar: No
Alternative trading platforms
The Trade Nation website’s interface is extremely straightforward, and as a result, it frequently seems as though there are important gaps in what it offers. Including existing research from the client site and mobile app will help Trade Nation’s online platform catch up to those of market giants like Saxo Bank, IG, and CMC Markets.
Overview of platforms
Trade Nation provides an online trading platform that is compatible with the newest versions of contemporary browsers. I discovered that using the platform’s basic procedures to perform essential tasks like setting an alert, adding a symbol to your favorites, accessing a chart, or making an order was quite user-friendly.
The market explorer’s pre-defined watchlists and the option to construct several custom watchlists were the components of Trade Nation’s online platform that I loved the most.
Charting: ChartIQ, a well-known maker of charting software in the online brokerage sector, powers the charts on the Trade Nation web platform. Trade Nation’s online charts provide extensive technical analysis capabilities, comparable to TradingView charts, with 35 sketching tools and 95 indicators.
Trading tools: Other than the selected tweets provided inside the Smart News module, research and news headlines are lacking in terms of internal material or outside publications. Additionally, even if there is still a lot of space on the platform where I had hoped to find more trading tools, I was happy to discover trading signals provided by Acuity Trading that are readily reproduced and tastefully incorporated under the “signals” category for users with active accounts.
Guaranteed stop-loss
A guaranteed stop-loss is one of the order types that Trade Nation offers. In comparison to CMC Markets or IG, adding a guaranteed stop-loss order costs more than 3 pips. Despite this, the fixed spread offered by Trade Nation has affordable prices.
Virtual Trading (Demo): Yes
Proprietary Platform: Yes
Desktop Platform (Windows): Yes
Web Platform: Yes
Social Trading/Copy Trading: No
MetaTrader 4 (MT4): Yes
MetaTrader 5 (MT5): No
DupliTrade: No
ZuluTrade: No
Indicators and Studies (Total): 95
Charting and Drawing Tools (Total): 36
Trade From Chart: No
Watchlists: Total Fields: 12
Market Investigation
In terms of research, Trade Nation is a little below the sector average. Its mobile app features handpicked tweets, headlines, and weekly articles. However, news headlines and research options are few on the online platform outside of the Smart News module. Having said that, I was glad to see that Trade Nation’s recently introduced Signal Center, which offers trading signals from an FCA-regulated supplier, is accessible to clients from within the online platform.
Research Summary: The news and analysis portion of Trade Nation’s website, its official YouTube channel, and the Smart News module of its mobile app and web platform are the three main sites where its research may be accessed. The natural next steps to further improving the user experience in the Research category may be the inclusion of integrated news headlines from reputable sources and an economic calendar.
Market news and analysis: Trade Nation has a growing library of material on its YouTube channel, including archived analytical films like the Trading Insights and TRADERCAST series, which have over 130 recordings. Although the majority of Trade Nation’s videos are of high quality and concentrate on technical and fundamental analysis, there is still a dearth of research- and market-related information. The number of recently posted videos that are largely about research has decreased, and the top brokers in this area offer a larger range of research information and release films more frequently every day.
Features
Daily Market Commentary: No
Forex News (Top-Tier Sources): Yes
Autochartist: No
Trading Central (Recognia): No
Social Sentiment: Currency Pairs: Yes
Educational institutions
Even the premium and advanced stuff on Trade Nation is mostly geared towards novices. Because the instructional resources and market news are combined on the same site, I found it challenging to navigate by topic or expertise level. Nevertheless, there is some information available, and it seems as though Trade Nation is gradually expanding in this area. One such instance is the broker’s recent addition of its Experts Explain series, in which experts produce pieces intended to respond to typical research queries.
Learning facility: Trade Nation’s Beginner Guides series, a few previously recorded webinars, and a variety of articles in its news and analysis area make up the majority of its educational offerings. The No Shortcuts to Success podcast from Trade Nation, which I thought was interesting and had nice debates, is also noteworthy.
Needs to be enhanced: It appears that Trade Nation is gradually growing in this sector, although improvements are still needed. Trade Nation’s standing in this area might be improved by clearly separating the instructional content from the research and market news pieces and by including interactive courses with progress monitoring.
Education (forex or CFDs): Yes
Client Webinars: No
Client Webinars (Archived): No
Videos: Beginner Trading Videos: Yes
Videos: Advanced Trading Videos: No
Investor Dictionary (Glossary): No
About Trade Nation
Trade Nation, a Finsa Investment Ltd. brand that was established in 2014, has regulatory licenses from a number of authorities. They include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investment Commission (ASIC), the Financial Sector Conduct Authority (FSCA) in South Africa, and the Securities Commission of the Bahamas (SCB).
MT4 (Meta Trader 4) Is it used by Trade Nation?
Yes. For Trading, Trade Nation offers MT4 in addition to its unique web trading platform and mobile app. It’s important to keep in mind that if you’re trying to decide between using MetaTrader and Trade Nation’s proprietary platform, the latter offers a wider selection of markets and competitive fixed-spread pricing (Trade Nation’s fixed-spread pricing is not offered with MetaTrader).
Is Trade Nation subject to South African regulations?
The Financial Sector Conduct Authority (FSCA) in South Africa has regulated Trade Nation as a financial service provider (FSP). It is under the name Trade Nation Financial Pty. Ltd. Additionally, Trade Nation has regulatory status in the Bahamas, Australia, and the United Kingdom.
Regulation
We have been subject to Financial Conduct Authority regulation since 2014, and the Financial Services Compensation Scheme insures us. Follow the link to the Financial Conduct Authority below to see the regulator’s registry and learn more about Trade Nation. Our firm reference number is 525164.
Financial Services Authority of the Seychelles
The Financial Conduct Authority of the UK
The Australian Securities and Investments Commission is located in Australia.
Bahamas: Bahamas Securities Commission,
The Financial Sector Conduct Authority of South Africa
Do you know if Trade Nation has a ZAR account?
Trade Nation does provide ZAR accounts. Any of the eight base currencies supported by Trade Nation, including the British Pound (GBP), United States Dollar (USD), Euro (EUR), Australian Dollar (AUD), South African Rand (ZAR), Danish Kroner (DKK), Norwegian Kroner (NOK), and Swedish Kronor (SEK), may be used to fund accounts.
Client funds for Trade Nation Australia are held at Westpac Bank in Australia. Customer funds for Trade Nation are stored at Barclays Bank in London.
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Review Process for 2023
Probabafx.net’s assessments of forex brokers are based on acquired information and expert analysis by our experienced researchers, ensuring accuracy.
Every year, we publish extensive in-depth currency research and recommendations, while monitoring various global regulatory organizations to ensure updated information.
To gather and validate data points, our team tests numerous features, and services, across various trading platforms offered by brokers.
We evaluate every trading platform each broker offers, rating it using diverse, data-driven criteria, whether it’s proprietary or third-party.
Additionally, we examine each broker’s commissions and costs, providing bid/ask spreads and average spread information for frequently used currency pairs.
We analyze additional trading expenses, required minimum deposits, VIP rebates or discounts, and other crucial fee-based information.
Disclaimer
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