About Trade Nation
Trade Nation is a globally recognized online forex and CFD broker headquartered in the United Kingdom and regulated by top-tier authorities, including ASIC, FCA, FSA, and SCB. Since its inception, the company has focused on delivering a wide range of tradable assets, offering traders access to an extensive selection of currency pairs, commodities, and indices. This diverse portfolio enables clients to explore and capitalize on various market opportunities with confidence and flexibility.
Is Trade Nation Legit or a Scam?
| Regulatory Authority | Status | License Type | Country | License Number |
|---|---|---|---|---|
| Financial Conduct Authority (FCA) | Regulated | Market Maker (MM) | United Kingdom | 525164 |
| Financial Services Authority of Seychelles (FSA) | Offshore | Retail Forex License | Seychelles | SD150 |
| Financial Sector Conduct Authority (FSCA) | Regulated | Corporate Financial Services | South Africa | 49846 |
| Securities Commission of the Bahamas (SCB) | Offshore | Retail Forex License | Bahamas | SIA-F216 |
| Australian Securities & Investments Commission (ASIC) | Regulated | Market Maker (MM) | Australia | 000422661 |
Pros and Cons
| Pros | Cons |
|---|---|
| Regulated by FCA, SCB, and ASIC | Limited range of cryptocurrencies available for trading |
| Competitive leverage up to 1:200 | Inactivity fees for dormant accounts |
| No minimum deposit requirement | Limited local customer support |
| User-friendly trading platform, MT4 | No Islamic (swap-free) accounts |
| Multiple customer support options | No tiered trading accounts offered |
| Demo accounts available | Limited trading tools |
Market Instruments
Trade Nation offers a wide range of market instruments to cater to different trading preferences. These instruments include indices, commodities, and forex currency pairs.
Traders can access a variety of global indices, enabling them to speculate on the performance of specific stock markets or sectors.
In addition, Trade Nation provides a diverse selection of commodities, allowing traders to trade based on price movements in popular assets such as gold, silver, oil, and agricultural products.
Furthermore, forex currency pairs are also available, giving traders opportunities to participate in the foreign exchange market.
Trading Costs
| Instrument | Spread | Margin | Contract | Trading Hours | Overnight Financing |
|---|---|---|---|---|---|
| EUR/USD | 0.3 | From 0.2% | Rolling | Sunday 22:05 – Friday 22:00 | Daily charge |
| GBP/USD | 0.7 | From 0.2% | Rolling | Sunday 22:05 – Friday 22:00 | Daily charge |
| USD/JPY | 0.5 | From 0.2% | Rolling | Sunday 22:05 – Friday 22:00 | Daily charge |
| EUR/JPY | 0.7 | From 0.2% | Rolling | Sunday 22:05 – Friday 22:00 | Daily charge |
| GBP/JPY | 1.4 | 0.5% | Rolling | Sunday 22:05 – Friday 22:00 | Daily charge |
Cost Comparison (Wall Street 30)
-
Trade Nation: Spread of 1.50 points, estimated total annual trading cost = $3,402
-
Eightcap: Spread of 1.60 points, estimated total annual cost = $3,629 ($227 more per year)
-
Capital.com: Spread of 2.00 points, estimated total annual cost = $4,536
Key Cost Definitions
-
Spread: The cost of buying and selling a financial instrument.
-
Overnight Financing: A daily fee or credit for holding open positions after 22:00 GMT (futures excluded).
Account Types at Trade Nation
Trade Nation offers traders both demo accounts and live accounts:
-
Demo Account: Allows traders to practice in a simulated environment.
-
Live Account: Provides real-time trading access to financial markets.
How to Open an Account
Opening an account with Trade Nation, a reputable forex broker, is a simple process that can be completed in just a few steps. Whether you’re a beginner or an experienced trader, Trade Nation aims to make account setup quick and convenient. Below is a step-by-step guide:
-
Visit the Official Trade Nation Website
Go to https://tradenation.com/ and click on “Trade Now” or a similar button on the homepage. This will take you to the account registration page. -
Fill Out Required Information
Enter your personal details, such as name, email address, contact information, and other necessary data. Ensure all information is accurate and up-to-date. -
Complete the Application Form
After providing the required information and selecting your preferred account type, review the Terms & Conditions, Risk Disclosure, and other legal documents. Make sure you fully understand and agree before proceeding. -
Verify Your Account
You may be asked to submit identification documents for verification. This is a standard procedure to ensure security and compliance. -
Deposit Funds
Once your account is verified, you can fund it via various payment methods, including bank transfers, credit/debit cards, and e-wallets. Choose the most convenient method and follow the instructions. -
Start Trading
After funding your account, you can access Trade Nation’s trading platforms. Explore the platform’s features, tools, and resources, then start trading based on your strategy and market analysis.
Trading Platforms and Key Features
| Platform | Key Features |
|---|---|
| TN Trader | – Fixed low-cost spreads – Trade CFDs on hundreds of markets – Free trade signals on your dashboard – Daily market updates and live news feed – Mobile app support – Trade directly from charts |
| TradingView | – Ultra-low-cost trading – Seamless connection with TN Trader – Advanced charting tools – Massive data library and customizable feeds – Access to over 10M ideas, scripts, and indicators – Price action, indicator, and news alerts |
| MetaTrader 4 (MT4) | – Trade CFDs on forex, indices, and more – Automated trading with Expert Advisors (EAs) – Comprehensive charting tools and indicators – Multiple order types, including OCO – One-click trading and stop-loss orders – Backtesting with historical data |
| TradeCopier | – Available on MT4 – Copy strategies of professional traders in real-time – Diversify your portfolio based on trading behavior or risk profile – Connect with global traders for insights and ideas |
Deposit and Withdrawal Methods & Fees
Traders can choose from a variety of reliable payment methods, including VISA, MasterCard, FPX, Bitcoin, and GrabPay.
Trade Nation has set a minimum deposit requirement of $0, making it accessible for traders of all experience levels to start their trading journey without a large initial investment.
Payment Methods – Deposits, Withdrawals & Fees
General Payment Options
| Payment Method | Deposit Currencies | Fees | Minimum Deposit | Minimum Withdrawal | Supported Methods |
|---|---|---|---|---|---|
| Credit Cards | USD, NOK, ZAR | Fully covered by Trade Nation | No minimum | $50 (in any currency) | Visa, MasterCard, other major cards |
| E-Wallets | USD, NOK, ZAR | Fully covered by Trade Nation | No minimum | $50 (in any currency) | PayPal, Skrill, Neteller, other e-wallets |
| Cryptocurrency | USD, NOK, ZAR | Fully covered by Trade Nation | $30 (116 NOK, 205 ZAR) | $50 (in any currency) | Binance Pay, Bitcoin, Ethereum, Tether, Ripple, Dogecoin, Litecoin, Bitcoin Dash, Binance Coin, Solana, Tronix |
Southeast Asia Payment Options
| Country | Deposit Currency | Fees | Minimum Deposit | Minimum Withdrawal | Supported Methods |
|---|---|---|---|---|---|
| Indonesia | USD | Fully covered by Trade Nation | $1 | $50 | Local banks: BCA, PermataBank, BNI, Mandiri, CIMB Niaga, Bank BRI; E-wallets: LinkAja, OVO, Dana, ShopeePay |
| Malaysia | USD | Fully covered by Trade Nation | $0.50 | $50 | Local banks (FPX): Maybank, HongLeong, RHB, AmBank, Public Bank, CIMB, HSBC, UOB, OCBC, Standard Chartered, etc.; E-wallets: Touch ‘n Go, DuitNow, ShopeePay, GrabPay, Boost |
| Singapore | USD | Fully covered by Trade Nation | $40 | $50 | Banks: eNets, DBS, OCBC, UOB, Standard Chartered; E-wallets: GrabPay, PayNow |
| Vietnam | USD | Fully covered by Trade Nation | No minimum | $50 | Banks: Vietcombank, VietinBank, Sacombank, Techcombank, etc.; E-wallets: MoMo, Ngan Luong |
Africa Payment Options
| Country | Deposit Currency | Fees | Minimum Deposit | Minimum Withdrawal | Supported Methods |
|---|---|---|---|---|---|
| Nigeria | USD | Fully covered by Trade Nation | $1 | $50 | Paga, USSD, PayAttitude, Bank Transfers |
| Ghana | USD | Fully covered by Trade Nation | $1 | $50 | Vodafone, Tigo, MTN, Airtel (Mobile Money) |
| Kenya | USD | Fully covered by Trade Nation | $1 | $50 | Airtel Money Kenya, M-Pesa |
| Tanzania | USD | Fully covered by Trade Nation | $12 | $50 | Tigo Pesa, Airtel Money, Vodacom M-Pesa, HaloPesa (Mobile Money) |
Leave a Reply