Trade Nation review 2025:
All you need to know

Regulated regions

• United Kingdom: Trade Nation Financial UK Ltd is a financial services company registered in England and Wales under company number 07073413. It is authorized and regulated by the Financial Conduct Authority under firm reference number 525164. The registered office is located at 14 Bonhill Street, London, EC2A 4BX, United Kingdom.
• Australia: Trade Nation Australia Pty Ltd, is a financial services company registered in Australia under number ACN 158 065 635. It is authorized and regulated by the Australian Securities and Investments Commission (ASIC), with license number AFSL 422661. The registered office is located at Level 17, 123 Pitt Street, Sydney, NSW 2000, Australia.
• Bahamas: Trade Nation Ltd., is a financial services company registered in the Bahamas under number 203493 B. It is authorized and regulated by the Securities Commission of the Bahamas (SCB), with license number SIA-F216. The registered office is located at No. 3 Bayside Executive Park, West Bay Street & Blake Road, Nassau, New Providence, The Bahamas.
• Seychelles: Trade Nation Financial Markets Ltd is a financial services company registered in the Seychelles under number 810589-1. It is authorized and regulated by the Financial Services Authority of Seychelles (FSA) with license number SD150. The registered office is located at CT House, Office 6B, Providence, Mahe, Seychelles.
• South Africa: Trade Nation Financial (Pty) Ltd, is a financial services company registered in South Africa under number 2018 / 418755 / 07. It is authorized and regulated by the Financial Sector Conduct Authority (FSCA), with license number 49846. The registered office is located at 19 9th Street, Houghton Estate, Johannesburg, Gauteng, 2198 South Africa.

If the TN account is opened with Trade Nation Financial UK Ltd or Trade Nation Ltd (the Bahamas entity), funds are held in segregated accounts with Barclays Bank in London, without mixing the funds held by clients with the firm's funds. If the TN account is opened with Trade Nation Australia Pty Ltd funds are held in segregated accounts with Westpac Bank in Sydney.

When an account is opened with Trade Nation Financial Markets Ltd, client funds are securely held in segregated bank accounts under trustee arrangements. This means that the funds belong to the client, not Trade Nation, and are identified as client money. “As a result, neither Trade Nation nor its creditors have any claim, liens, or rights of set-off or retention over your funds.” Trade Nation states that it has various bank accounts with reputable banks in Seychelles, such as ABSA Seychelles, to ensure diversification and compliance with regulations.

Trade Nation Ltd does not onboard clients residing in the following countries due to regulatory and/or policy requirements: Afghanistan, American Samoa, Belgium, Canada, Central African Republic, Democratic Republic of Congo, Haiti, Iran, Israel, North Korea, Libya, Myanmar, Puerto Rico, Russian Federation, Somalia, South Sudan, Spain, Sudan, Syrian Arab Republic, United States, United States Minor Outlying Islands, Virgin Islands, and Yemen. This list is subject to change.

Currencies accepted for deposits/withdrawals

Deposits into Trade Nation can be made in USD, EUR, GBP, CHF and ZAR for MetaTrader accounts, and in USD, EUR, GBP, AUD, ZAR, NOK, SEK, DKK for TN Trader accounts. Additionally, commonly traded and recognized cryptocurrencies can be used for deposits; however, these deposits are recorded in US dollars in Trade Nation accounts, not as cryptocurrencies.

Account types

After completing the registration process, clients at Trade Nation have the option to open three types of accounts: CFD, Spread, and MetaTrader. CFD and Spread Accounts use the TN trading platform (TN Trader), feature low fixed spreads, and can be integrated with TradingView. MetaTrader accounts are utilized with the MetaTrader trading platform, offering standard variable spreads; this account can also use a Trade Copier.

A demo TN Trader account is available for users that complete a sign up form with their name, email address, phone number and country of residence.

There is an option to change the account conditions to convert them into Islamic accounts, which do not incur or generate interest on any trades. Trade Nation clarifies that for these types of accounts, spreads and commissions may be higher than for the other account types. The broker states that unless otherwise agreed, trading on a swap-free account incurs no administration charge for the first five days, and warns that starting from day six, an administration charge is applied each day the trade remains open until the trade is closed, including weekends. Additionally, for CFDs and Spread Bets on cryptocurrencies and rolling futures, an administration fee is applied from the first day.

Trade Nation does not publicly offer Percentage Allocation Management Module (PAMM) accounts, but they provide the opportunity to partner as an Introducing Broker or Partner, for which contact with the company for further information is required.

In the review, it was easy to open all three accounts with just a click. Once there, we were informed that we had reached the maximum number of allowed accounts. The user selects which account to deposit into, and all deposit links lead to a similar place, meaning the financing methods are the same for all three types of accounts.

TN does not offer a wallet from which users can distribute funds. Funds are credited to one of the accounts, and if you want to transfer funds from one account to another, you must request it via email.

We requested to transfer funds from one account to another, and the process was completed in 15 minutes without any issues. The cumbersome part is having to send an email, and then you receive three automatic emails followed by a final one from customer service informing you about the request and its status.

Minimum deposit

There is no minimum deposit requirement for wire transfers or via credit or debit card. However, for cryptocurrency deposits, the minimum is USD $30, and if using Binance Pay, the minimum is USD $20, with a maximum of USD $10,000.

Costs and fees

Trade Nation’s CFD and Spread accounts offer a fixed spread that is relatively low compared to industry standard accounts with variable spreads. The spread changes for most forex pairs three times a day, but it does not become high compared to industry standards. For example, the EUR/USD pair has a spread of 0.3 pips for most of the day, increasing to 0.5 pips at 22:00 GMT and then to 0.6 pips from 23:00 GMT until 07:00 GMT, when it returns to 0.3 pips. On average, fixed spreads at TN Trader for forex start at 0.3 pips, for energy at 2 pips, for metals at 3 pips, for bonds at 1.8 pips, and shares at 0.1%/4 cents.

The MetaTrader account offers variable spreads consistent with industry standards, averaging 1 pip for EUR/USD. Generally, variable spreads start from 0.9 pips for major forex pairs, 1.8 pips for indices, 4.3 pips for crude oil, and 1.05 pips for metals.

Trade Nation does not charge fees for deposits or withdrawals. Swap charges are standard in the industry and apply to overnight transactions. Additionally, Trade Nation does not charge commissions on any of its platforms.

Bonus and promotions

Trade Nation does not provide any type of bonuses or promotions. However, it offers the opportunity to partner as an Introducing Broker or Partner, which grants access to associated benefits.

Depositing ease

Once the registration is completed, deposits can be made into any of the accounts created. There is no minimum deposit requirement, nor is there a minimum balance to maintain in the accounts. The deposit methods are standard in the industry, including credit/debit cards (from Visa, MasterCard, Maestro, and Electron; American Express, Diners, and JCB cards are not accepted), Skrill, Neteller, Apple Pay, Jeton Bank, bank transfers, and cryptocurrencies. Certain countries may have restrictions on the use of the mentioned methods.

The deposit options are expanded in various African countries, where local bank transfer alternatives and regional virtual wallets are available. In Southeast Asia, transfers can be made from local banks and e-wallets such as LinkAja, OVO, Dana, and Shopee Pay in Indonesia; Touch 'N Go, DuitNow, Shopee Pay, Grab Pay, and Boost in Malaysia; Grab Pay and PayNow in Singapore; and Mono and Ngan Luong in Vietnam. In Africa, local bank transfers, e-wallets, and mobile money services are accepted, including platforms like Pag, USSD, PayAttitude (Nigeria), Vodafone, Tigo, MTN, and Airtel (Ghana), as well as Airtel Mobile Money, M-Pesa (Kenya), Tigo Pesa Mobile Money, Airtel Mobile Money (Tanzania), Vodacom M-Pesa Mobile Money, and Helopesa Mobile Money (Tanzania).

Trade Nation does not charge fees for deposits. The deposit process can be almost instantaneous or take between three to five days. The most time-consuming method tends to be bank transfers, while deposits and withdrawals through other means may take a few minutes to one or two days.

In our review, we found that the deposit via debit card could not be completed because the associated bank account was not compatible with Payable, the payment processor. Therefore, we opted to use cryptocurrencies and also Binance Pay, which was available on the deposit page. To make the payment via cryptocurrency, once the site displayed the various deposit options, we clicked on “cryptocurrencies,” where it was clarified that the minimum deposit is USD $30. After receiving the address information, we were able to make the transfer, using the TC20 protocol with USDT, and it went smoothly. It took less than 5 minutes for the funds to be credited. There were no commission charges from Trade Nation, but the network does impose a fee.

Another method used was Binance Pay, which also has a minimum of USD $30. After selecting this method and following the steps, a QR code appeared, which we scanned to complete the transfer, with funds credited in less than five minutes, with no costs or fees.

An additional step in this process is that TN requested information about the client's wallet to verify that the transaction was made by the client and to register the wallet's address. This is for security reasons, as Trade Nation does not accept third-party transactions of any kind.

Withdrawing ease

Withdrawals from Trade Nation are processed using the same methods as the deposits. The times are similar to those for deposits, although bank transfers may take up to five business days. In contrast, when the deposit is made through e-wallets or cryptocurrencies, the process is significantly shorter and can take only minutes. The withdrawal process is not automatic and requires approval from Trade Nation.

If the deposit method is no longer available at the time of withdrawal, Trade Nation must authorize an alternative withdrawal method. Trade Nation does not charge fees for withdrawals, but clients should be aware that both banking institutions and intermediaries may impose charges.

In our review, we withdrew funds through cryptocurrencies. First, we submitted the withdrawal request via the client’s TN Portal, followed by a confirmation email for this request. Since it was a cryptocurrency transaction, we were asked to reconfirm the address of the virtual wallet. Once this process was completed, the withdrawal was initiated, and within eight hours, the funds were credited to our crypto wallet, without costs.

Due to regulatory requirements, withdrawals, like deposits, can only be made to accounts in the client's name; third-party deposits and withdrawals are not permitted.

In summary, we were able to withdraw the funds in a process that took about eight hours. It is not automatic and requires responding to emails. There were no issues.

Tradeable asset classes

Trade Nation offers a range of trading options, including Forex pairs, indices, bonds, stocks, metals, energy, and cryptocurrencies, as well as specific instruments like Spot Gold / Silver Diff. The availability of assets for trading depends on the account type. Both the CFD and Spread accounts, which utilize TN Trader, provide access to major currency pairs, over 15 indices, energy, metals, bonds, US, European, and South African shares, as well as the main cryptocurrencies. Recently, Trade Nation has incorporated soft commodities, including cocoa, coffee, corn, cotton, orange juice, soybeans, sugar, and wheat. In contrast, the MetaTrader account offers fewer instruments, excluding shares and cryptocurrencies.

It is important to note that accounts opened under different regulations may be subject to legal restrictions on trading certain assets. For example, accounts based in the UK are not permitted to trade cryptocurrencies.

When starting to use the accounts, we encountered a variety of tradable shares available in the CFD and Spread accounts, while the MetaTrader account has limited instruments.

In our review, we were unable to trade the Dollar Index on the TN platform; it is only accessible through a non-traditional instrument that does not have a chart on TradingView. For this reason, we traded the index in the MetaTrader account, which included the US Dollar Index.

Lot sizes

Trade Nation offers micro-lots on all account types. In Forex trading, the minimum position size is 0.01 lots, which is equivalent to 1,000 units of the base currency. For energy, shares, bonds, commodities, and indices, the minimum position size is 0.1 lots.

The combination of micro-lots with low fixed spreads can be an interesting and useful option for those who are just starting in trading and/or are looking for a good tool for risk management.

Leverage

Trade Nation offers leveraged trading for retail traders. The leverage levels are not generic and depend on the instrument and the amounts traded. Generally, it provides a high level of leverage, consistent with most brokers. Trade Nation offers leverage up to 500:1 for forex, 200:1 for indices, 50:1 for energy, 20:1 for bonds, 500:1 for metals, 20:1 for shares, and 3:1 for cryptocurrencies. Accounts opened under the regulations of the United Kingdom or Australia have higher margin requirements, thus smaller leverage allowed.

During the review, we had to find specific information about trading conditions, instruments, leverage, trading size, and spreads in the TN Trader platform and in MetaTrader. You can also find information about tradable assets on their “market information” sheet.

Execution quality

Trade Nation's trading execution across all platforms is generally excellent, with only minor slippage observed in the MT4 account. In the CFD and Spread account, TN offers Guaranteed Stops, which cost a fee if the stop is executed. This is a minimal cost that ensures the stop will be executed at the chosen level, even if there is a jump in the quote. The downside is that to use this feature, the Stop Loss level must be set more than 1.5% away from the entry price. This tool is useful for positions that may extend over several days, especially during volatile periods.

The connection between the TN Trader platform and TradingView is very good and instantaneous. However, there is a delay in reflecting changes in total capital on the client's page.

In the review, all trades were executed quickly, without repricing, and at the displayed levels. Limit orders, stop losses, and entry orders were all filled without issues. After the execution of each order, a dialogue message appears on the TN Trader platform with details about the trade, contributing to greater transparency.

It was noted in the review that emails providing information about the evolution of MetaTrader, including the weekly summary, come from Trade Nation Australia, while the sender is listed as Trade Nation Bahamas. This reflects a degree of inconsistency, especially since the accounts are under the jurisdiction of Seychelles.

Trading platform

Trade Nation offers its own platform TN Trader, which is a web-based application. This platform has a mobile app version available. It is accessible for CFD and Spread accounts and can easily connect to TradingView, allowing users to utilize all the available tools there.

It’s important to note that while TradingView offers a wide range of features, access is through a user account created by the client. Users will have access to the functionalities of a free account; however, if desired, the client can pay for a subscription to TradingView for additional tools.

In the MetaTrader account, users access the MetaTrader 4 platform, which also has mobile and web versions. Currently, they do not offer MT5, but they are looking to implement and offer it in the future.

The TN Trader mobile app allows users to view trades, open new ones, and close existing positions, which is the most important feature. However, the app requires frequent logins, which can be annoying since it doesn't stay logged in like MT or other mobile platforms, although the login process is quick. Users can also perform tasks such as making deposits or initiating withdrawals through the app. However, using the app requires a significant amount of time to familiarize oneself with its functions.

In the app and the CFD account, the variation in a live trade position is displayed in the quote currency, which can be bothersome, as traders often prefer to see all values expressed in the same currency.

Trading tools

The web-based TN Trader platform offers several useful tools for traders. Users can view order details and modify them easily, although not directly from the charts. The platform allows for high-quality chart visualization, with easy access to technical analysis tools. Users can choose from various chart time frames, ranging from 1 minute to monthly, and can customize views, colors, and technical indicators. Additionally, it provides leverage information and spreads for each tradable asset and includes an alert service.

One exclusive feature is a signals service that covers various instruments, allowing users to view these signals directly on the platform and place orders with just one click. In the TN Trader, users can access a window with Dow Jones Newswire news and receive a brief daily market report. All these services are provided at no cost. In the Trade Nation Frequently Asked Questions (FAQ) section, there is a comprehensive explanation of how to use TradingView.

The market analysis resources provided by Trade Nation are limited. There are no webinars, no economic calendar on their website, and no alerts for news or events. However, the TN Trader platform does offer a price alert service that, once the set price level is reached, sends an email to the user's account.

On a weekly basis, Trade Nation sends an email with updates (such as new instruments), including a snapshot of the main relevant market topics, informing about upcoming earnings reports and key economic data to be released.

The MetaTrader 4 platform is user-friendly and offers many useful tools and add-ons without consuming significant resources. It also has mobile and web versions with tools for technical analysis. Trade Nation allows the MT4 platform to use Trade Copier.

On the broker’s website, users can find a "Knowledge Base" with basic theoretical information about markets and articles ranging from technical analysis to specific topics like the VIX. A glossary is also included, explaining key market terms.

Trade Nation actively posts market updates on social media, including Twitter and LinkedIn, and has several Instagram accounts tailored to specific geographic regions. On YouTube, Trade Nation has a channel where they upload videos, focusing on how to use TradingView.

Regulation tiers

Trade Nation is regulated by several top-tier authorities, including the Australian Securities and Investments Commission (ASIC), which oversees Trade Nation Australia Pty Ltd, and the Financial Conduct Authority (FCA), which regulates Trade Nation Financial UK Ltd. This represents a strong regulatory framework that provides security and peace of mind for trading with TN.

Additionally, it is regulated by tier-2 authorities in South Africa, namely the Financial Sector Conduct Authority (FSCA), which oversees Trade Nation Financial (Pty) Ltd.

Trade Nation Ltd. is regulated by the Securities Commission of the Bahamas (SCB), while Trade Nation Financial Markets Ltd. is regulated by the Financial Services Authority of Seychelles (FSA). Both are tier-4 regulators that offer limited protections to consumers.

Awards and Recognition

Among the awards received by Trade Nation, notable recognitions include those from the Online Money Awards (OMA)*, where it won Best Spread Betting Provider (2024) and Best Trading Platform (2023). Additionally, it was awarded Best in Class – Ease of Use (2023) by ForexBrokers, Best Global MT4 Brokers (2023) by Global Forex, and Best Spread Betting Platform (2023) by ADVFN.

*Trade Nation is a sponsor of the event.

In terms of sponsorship, Trade Nation is a principal partner of Premier League football team Aston Villa, as well as the Somerset County Cricket Club, and George Jaxon and Darelle Wilson for the 2024 Porsche Sprint Challenge.

Schedule/Time to reply

Trade Nation's client support is active during all forex market hours (24/5), and customers can also write emails at any time. In the review, all inquiries to the general support team were answered in less than an hour. In the chatbot, it was easy to find a representative at different times without waiting more than five minutes. A positive aspect is that after the chat consultation, they send you the chat history to your inbox.

After opening an account, an executive attempted to contact us by phone and tried again the following day, leaving a message with his phone number, which corresponded to a different country than the one for account registration, making it somewhat inconvenient. The executive took two days to respond to inquiries via email, in contrast to the quick responses from the general support email account.

Issues related to paperwork and accounts are resolved directly with the support team, rather than with the assigned executive, ensuring the client receives faster service at all times. This is important considering that several actions are not automated and require sending an email (like transferring funds between accounts and withdrawals).

Languages available

Trade Nation offers serious customer support 24 hours a day, from Monday to Friday, via email, phone, and chat in English. They have a FAQ section available, providing general help services, which are also accessible through a virtual chatbot in English.

Trade Nation has a FAQ area that is simple but very useful, covering the main topics.

What do Trade Nation users think about their service? We have looked at the most relevant websites to give you the score given to Trade Nation by those who use their platform.

We usually use ForexPeaceArmy for its trust and real traders' feedback. Trade Nation does not have enough reviews on this platform to provide a relevant score, so we have gathered feedback from other outlets. Therefore, we have used their scores on TrustPilot (4.4 out of 5) and TradingView (4.5 out of 5) as a benchmark for this category.

Their reviews are generally positive, with their customer service actively answering them on these platforms, which provides an added sense of care and trust.