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Trade Nation Review 2024

Written by
Krisztián G.
Fact checked by
Adam N.
Updated
1d ago
Regulated and trusted. Tested via live trading.
2,286 people chose this broker
Not available in United States; see best alternatives

Why choose Trade Nation

Trade Nation is a UK CFD and forex broker. Its account opening is fully digital with no minimum deposit and free withdrawal. Customers have access to excellent research and education tools, while customer support is also great.

However, Trade Nation's product portfolio is slim. There is no live chat, only a chatbot. The desktop trading platform lacks safer login options.

BrokerChooser gave Trade Nation a 3.8/5 rating based on analyzing 600+ criteria and testing via opening a live account.

  • Free deposit and withdrawal
  • Excellent research and education tools
  • Good customer support
Overall score
3.8/5
Minimum deposit
$0
FX fee
High
Index CFD fee
Low
Withdrawal fee
$0
Account opening
1 day
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86% of retail CFD accounts lose money

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EURUSD spread
Usual spread in pips

Fees

Score: 2.7/5
Trade Nation has low stock and index CFD fees, no inactivity and withdrawal fees. On the other hand, forex fees are high.
  • No inactivity fee
  • Low stock and index CFD fees

We compared Trade Nation's fees with two similar brokers we selected, ActivTrades and Spreadex. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of Trade Nation alternatives.

High FX fees

All fees are built into the spread, so there is no separate commission charged. For example, the EUR/USD spread is 0.3.

Broker
EURUSD spread
FX commission per lot
Trade Nation
0.3
No commission is charged
ActivTrades
0.9
No commission is charged
Spreadex
0.6
No commission is charged
Trade Nation forex spreads and commissions

Low index CFD fees

All index CFD fees are built into the spread. The spread for S&P 500 index CFDs is 0.3.

Broker
S&P 500 CFD spread
Trade Nation
0.3
ActivTrades
1.5
Spreadex
0.4
Trade Nation index CFD spreads and commissions

Low stock CFD fees

All stock CFD fees are built into the spread. The spread for Apple stock CFDs is 0.4.

Broker
Apple CFD
Trade Nation
$2.1
ActivTrades
$1.1
Spreadex
$4.2
Trade Nation stock CFD spreads and commissions

No inactivity fee, no withdrawal fee

The company charges no inactivity fee, there is no account fee, and deposit and withdrawal options are also free of charge.

Broker
Inactivity fee
Withdrawal fee
Trade Nation
$0
ActivTrades
$0
Spreadex
$0
Trade Nation inactivity, withdrawal and other fees

Safety

Trade Nation is a legit brokerage. It is regulated by several financial authorities, including the top-tier FCA. On the downside, financial information related to the broker is not publicly available.
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection
Read more

Deposit and withdrawal

Score: 4.4/5
Trade Nation offers free deposit and withdrawal options by bank transfer, credit card, and electronic wallet. Nevertheless, the account base currency selection covers only a few currencies.
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
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Account opening

Score: 5/5
The account opening at Trade Nation is fully digital with no minimum deposit. Our account was verified within one business day.
  • Fast
  • Fully digital
  • No minimum deposit
Read more

Mobile app

Score: 4.3/5
Made to Trade, Trade Nation's own mobile trading platform, is user-friendly with good search functions. On the negative side, the platform lacks a safer login.
  • User-friendly
  • Good search function
  • Order confirmation
Read more

Desktop platform

Score: 3.4/5
Trade Nation's desktop trading platform is provided by MetaTrader. The platform is highly customizable with a clear fee report. On the other hand, it lacks a safer login.
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
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Product selection

Score: 2/5
Trade Nation's products are limited to Spread betting, forex and CFD trades. Popular asset classes, such as real stocks, bonds, mutual funds and options are not available.
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“I recommend Trade Nation for spread, forex and CFD traders looking for a great trading platform and quality customer service.”

FAQ

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Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

author image
Krisztián Gátonyi
Author of this review
I have 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. I'm actively involved in reviewing the 100+ brokers listed on our site. I personally open accounts with real money, execute trades, test customer services. I hold an MSc in International Business from the University of Middlesex. My purpose is to help people find the best investment provider.
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Visit Trade Nation 86% of retail CFD accounts lose money
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