Trade Nation review
Trade Nation is a low-cost Forex & CFD broker that is regulated in multiple jurisdictions (FCA, ASIC, FSCA, SCB) and offers a straightforward approach to trading. This brokerage firm is changing the way we approach online trading. The information flow on the site is quite interesting as there are various sections devoted to specific trade-related topics. The interface of the Trade Nation site is just as bold as their approach to the industry practices. It is a clash of vibrant orange and simple white tones.
Trade Nation has its own proprietary platform which you can use alongside the acclaimed MT4, which is a great option if one is trading CFDs. Hedging orders are allowed on Trade Nation. This enables one to operate both a long and a short position with the same instrument.
At Trade Nation FX Brokerage, there are 33 currency pairs to choose from and start trading with. Forex is not the only popular instrument the firm has to offer, one can also find 23 common indices, eight differential indices, nine commodities, 000’s of stocks and three bond options to choose from. In total there are over 2,500 assets that one can start trading with on the site.
The firm also has excellent 24/5 customer services. At times trading can be confusing, luckily the customer service team is very efficient and qualified. If you want to get in touch with them, you could either use the live chat, phone number, or just send an email
- Licensed and regulated by the ASIC, FCA, FSCA and SCB
- Live Chat
- Loyalty Scheme
- Overnight interest fee
Trade Nation overall scores
In this review, you can find all the information you need to decide whether Trade Nation is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. Below you can see how Trade Nation scored in each of our high-priority categories.
Fees and commissions
Trade Nation Forex Broker offers fixed spreads to its traders. EUR/GBP and EUR/USD are the most popular currency pairs on the site, both of their spreads are 0.6 pips.
The firm is transparent regarding its trading fees. The only other fee is overnight interest, which is added to transactions in addition to spreads. The sum varies depending on the demand and the trade’s direction. Clients can contact customer service for more details.
Deposits and withdrawals
There are multiple ways to make transactions with this forex broker. One can use
- Bank Transfer
- Debit cards
- Credit Cards
There is no minimum deposit at this firm, unlike the Trade Nation withdrawal. You only need to pay for the margin requirements of your trade. However, the minimum amount one can withdraw is $50. It’s noteworthy to mention the fact that in case you are using another currency the minimum amount stays the same.
Before opening an account, Trade Nation needs all customers to answer a set of short questions about their trading history. If these questions are not satisfactorily answered, the broker will not allow customers to open a live account until they have first used a practice account.
Trade Nation’s accounts are all kept apart. The organisation has stringent data privacy policies in place, with the same requirements applied to all account forms.
Trade Nation Licenses & Regulation
Trade Nation Forex Broker has all the signifiers of a legitimate brokerage firm. This UK-based platform is regulated by multiple well-known and reputable authorities within the industry. Trade Nation Forex broker has licenses from the following organizations
- FCA – No. 525164
- ASIC – No. 422661
- FSP – No. 49846
- SCB – No. 203493 B
These abbreviations can be confusing, this is why we are going to give you a bit of information about them, so you can use the registration numbers to get more information if you might be having any doughnuts about doing business with Trade Nation.
- Financial Conduct Authority – This is a financial institution within the UK, that is also a regulatory body, it functions independently.
- The Australian Securities and Investments Commission – is a national regulatory organization that has the task to regulate financial companies and their products, such as Trade Nation FX brokerage, and ensure the security of Australian consumers.
- The Financial Sector Conduct Authority – Much like other financial organizations we have already discussed, this one has the mission to regulate the financial sector as well, the only difference is that this is a South African organization.
- The Securities Commission of the Bahamas – The Bahamas’ investment funds, shares, and capital markets are controlled and overseen by this regulatory body. It was founded in 1995.
Having four different licenses from each continent makes Trade nation a force not to be reckoned with. As it is geared towards not only the UK demographic but also the international market as well.
Opening an account
Before reaping all the benefits of the features this firm has to offer, one needs to open an account by signing up for the services of Trade Nation Forex broker. This trading platform provides you with the ideal entry point into the financial markets, allowing you to focus on what matters most: maximizing your revenue potential while minimizing your risk.
Multiple accounts in different currencies are a definite possibility with Trade Nation. You can do this by opening a Spread Trading Account and an MT4 CFD Account.
There are virtually no account types available on the website. There is only one account depending on where you live and operate from there will be a limited number on the leverage ratio you can get. So, if you do want to categorize traders you can do so by looking at the leverages.
Clients can also trade forex using the famous Trade Nation MT4 platform, which is provided by the broker. On the broker’s website, customers can watch a video that explains how to link their Trade Nation account to the MT4 network.
Traders prefer MetaTrader 4 because of its customizable and interactive maps, as well as the ability to run trading robots. It has 30 built-in indicators for market research and 2,000 free custom indicators, as well as 24 analytical artifacts for detecting market trends.
Markets and products
We have already mentioned a few of the most common instruments available on the site. We are going to expand this topic by giving you additional dates on the subject matter.
|Stocks and Shares||2000+|
Trade Nation Promotional Product: Loyalty Scheme
There are no Trade Nation promotions, the firm only has one promotional offer on the site and it is just as fresh and innovative as the firm’s general approach to the trading process.
Customers get cashback for trades they make; Trade Nation’s loyalty program is like no other. The scheme is points-based, you get one point for every $1 you trade. Depending on the trades you make the cashback amount can be anywhere from $25 to $2,500.
At the end of every month, the points you have already earned through your trades will be added up and according to the total amount, you will receive a rebate on your trades the following month. If you don’t want it to be in your account, you are allowed to withdraw it as cash. Trade Nation withdrawal process is easy and instant.
All newcomers to Trade Nation receive a thousand point welcome bonus. Customers with 200 points will receive a 2% rebate, and those with over ten thousand points will receive a whopping 20% rebate. It all depends on how much you trade.
Unfortunately, according to the regulatory bodies, traders from the UK and Australia can’t participate in this promotional initiative.
Trade Nation Trading Products: Leverage and Spread
Any brokerage firm is as good as its trading features. This is especially true when it comes to the policies of the Trade Nation. This brokerage firm is regulated by organizations from each continent; therefore the leverages are different for international and UK traders. Spreads are fixed and there is only one fee you have to pay. In this section of our Trade Nation review, we will discuss the following features in greater detail, which are:
The Leverage ratio is an important factor for the Trade Nation brand. With this Forex Broker, one can get low or high leverage, depending on which jurisdiction the trader is operating from.
Trade Nation scam is non-existent, as we can already see they are following all the regulations that they are given. This is why they have low leverages and spreads.
- The Lowest leverage is 1:30
- The Highest Leverage is 1:200
Lower leverage ratios mean less loss. Keep in mind that if it can increase your profits, it can also increase your losses. Low leverage also means that one can trade longer as one will not lose all of their funds.
Trade Nation Forex Broker offers Fixed spreads on all its trading instruments. The spread amounts are very low when compared to their competitors. For example, as a forex broker trade nation has fixed spreads on its most popular currency pairs.
There are other multiple diverse trading instruments like indices, commodities such as metals and energy, and bonds.
|Trading Signals and Indicators||Y|
Education and training
The Trade Nation FX brokerage site is compacted with a handful of educational materials. This is very logical as the main goal of the firm is to get rid of the everyday jargon that is synonymous with the trading industry and make it more straightforward and easier to understand. There are multiple guides on the website that are very helpful and educational. The provided video content gives extensive information to traders about the brokerage firm and trading in general.
The site has a great customer support team that works 24/5. From Monday to Friday one can ask any questions and receive answers swiftly via mail, live chat or a phone call.
Trade Nation Review – Our Verdict
All in all, Trade Nation is a very trustworthy brokerage firm not only because it is regulated by four different major regulatory authorities but also because they have other signifiers of legitimacy like transparency, great leverages, and elevated security.
Trade Nation loyalty program is one of a kind promotional initiative that offers a great benefit. One can get up to $2,500 in cashback. And while other firms would have some odd withdrawal policy about the promotional initiative, Trade Nation differs as they allow you to make a Trade Nation withdrawal in cash if you don’t want your promotional reward to be in your account. The processing time is instant.
The Trade Nation website is mobile-friendly and runs smoothly on all the major web browsers.
Apple and Android users can download Trade Nations apps. If you have an iPhone, search for Trade Nation in the App Store, and if you have an Android device, search for Trade Nation in the Play Store.
The Firm also has great media visibility. The firm has utilized the power of social media to spread its trading philosophy and methodology. All their media platforms are used for this reason to promote their innovative ideas and market updates.