Trade Nation fees explained

When it comes to brokerage fees Trade Nation shows a mixed picture: some fees are high but some are low. First you need to figure out your approach or you should use our questionnaire to be able to tell whether Trade Nation fees are an advantage for you. Continue reading about Trade Nation fees and charges to see if this is the right brokerage for you or a similar broker like ActivTrades or Spreadex is better for you.

Here's a high level overview of Trade Nation's fees

Disclaimer: 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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84% of retail CFD accounts lose money

We compare Trade Nation fees with its closest competitors, ActivTrades and Spreadex.

Trade Nation's trading fees are mid-tier which means you need to pay special attention to asset classes with high trading fees.

Let's break down the trading fees into the different asset classes available at Trade Nation.

Trading fees

Trade Nation's trading fees are average.

It is super hard to compare trading fees for CFD brokers. What we did at BrokerChooser? Instead of quoting long fee tables, we compare brokers by calculating all fees of an example trade for three assets.

For the assets we chose cleverly and arbitrarily:

• Apple, a large US stock
• Vodafone, a large European stock
• EURUSD, a popular currency pair

The example in this context would mean buying a position, holding for one week, and selling it. For the volume we chose a $2,000 position for the stocks and $20,000 for the EURUSD.

This super catch-all benchmark includes spreads, commissions and financing costs for all brokers.

Here is the verdict.

Data updated on September 15, 2023

Financing rates

Trade Nation financing rates are high.

If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.

Data updated on September 15, 2023

Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.

Currency conversion fee

Trade Nation will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: Exchange rate received from liquidity providers plus a mark-up. We used the EURUSD trading fees for the calculation..

When it comes to looking at all the non-trading fees Trade Nation is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.

Non-trading fees include various brokerage fees and charges at Trade Nation that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.

Data updated on September 15, 2023

Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and Trade Nation is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods Trade Nation offers.

Data updated on September 15, 2023

Unlike some online brokers we have reviewed Trade Nation does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.

Data updated on September 15, 2023

Trade Nation does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).