Trade Nation Review 

Table of Contents

In this Trade Nation Review, we give you an in-depth, unbiased overview of the trading conditions, safety, accounts and platforms, and instruments offered by them and give an honest opinion of trading with them.

Trade Nation is an ASIC and FSCA regulated Forex and CFD broker that was founded in 2014 and is based in London.

Trade Nation was originally founded as “Core Spreads” and in 2019 they rebranded the company to Trade Nation with its growing global presence. 

In December 2021, Blackstone Futures also rebranded to Trade Nation – so in a way, Trade Nation combines the best features of Core Spreads and Blackstone Futures.

Trade Nation uses a customer-centric approach and they guarantee fair trading opportunities, fixed spreads and transparent pricing with no hidden fees.

We recommend Trade Nation if you’re interested in Spread Betting or CFD trading on a wide range of instruments, including Forex pairs, Metals, Indices, Energies, Shares and Bonds.

 

Overall Rating

4.7/5

Rated #79 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FSCA, SCB

📱 Trading Desk

Meta Trader 4

Crypto

Yes

📈 Total Pairs

33

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

As a Trade Nation client, you will have Negative Balance Protection, 24-hour customer support and access to a variety of trading guides.

Trade Nation is also an excellent option if you are interested in copy trading and they provide a detailed guide that will help you decide if copy trading is right for you.

 

Overview of Trade Nation:

Year founded 2014
Headquarters London
Trustpilot 4/5
Minimum deposit $0
Maximum leverage 1:30
Base currencies supported
  • GBP
  • USD
  • EUR
  • AUD
  • ZAR
  • DKK
  • NOK
  • SEK
Instruments
  • Forex (33)
  • Shares (UK, US, EU, AU)
  • Indices (31)
  • Energies (2)
  • Metals (7)
  • Bonds (3)
Regulations
  • FCA
  • ASIC
  • FSCA
  • SCB
Swap-free accounts No
Demo accounts Yes
Account types:
  • CFD Account
  • Spread betting Account
VIP, Referral Program or Active Trader 
Customer Support
  • 24/5
  • Live chat
  • Email
  • Telephone
Platforms
  • MT4
  • Trade Nation Platform

 

SAFE OR SCAM?

✅Client funds are held in segregated accounts with top financial institutions and will never be used to cover company expenses.

✅To further protect their clients, Trade Nation also guarantees Negative Balance Protection on accounts to prevent your account from ever having a negative balance.

✅Trade Nation is one of the safest online brokers you can trade with and one of our most trusted brokers.

 

Trade Nation is regulated by:

  1. FCA (Financial Conduct Authority)
  2. ASIC (Australian Securities and Investments Commission)
  3. FSCA (Financial Sector Conduct Authority)
  4. SCB (Securities Commission of The Bahamas)

 

Pros and Cons

✔️Pros ❌Cons
Highly-regulated broker No USA clients
30+ Forex pairs
8 base currencies supported
Fixed spreads

 

Leverage 

By leveraging your accounts, you can gain more exposure to the markets and you can trade instruments without initially paying the full price to open or close a trade. 

How leverage works, is that you are borrowing funds from the broker to trade larger positions. 

The higher the leverage, the bigger your position – but this also means that you are indebted to your broker. Most trading instruments can be leveraged.

 

There are several benefits to using leverage:

  • Profits are calculated using the full value of your position 
  • Gearing opportunities to increase the amount available for investment
  • Going short and using leveraged instruments to speculate on market movements
  • You can trade 24 hours on some instruments

 

But there are also some disadvantages to leveraged trading:

  • Margin can magnify your loses
  • Leveraged trading can prevent you from actually owning assets, depending on your account balance
  • Margin calls can result in financial losses if positions move against you
  • If you hold your leveraged trades open overnight, rollover fees will be charged

 

💳Account 🔼Max. Leverage
Low leverage account  1:30
High-leverage account 1:200

 

If you are planning on leveraging your trades, proceed with caution because not only will you gain more exposure to the markets, but you will also significantly increase your exposure to investment risks and financial losses.

 

Accounts

You can choose to have either a low-leverage account or a high-leverage account and you will be able to open one CFD MT4 trading account and one Spread betting account (which can be opened using different base currencies).

Note that there are not 4 different account types, but you can choose the type of leverage you want and then open both a CFD account and a Spread betting account if you want to.

 

Trade Nation account features:

  • Minimum deposit: $0
  • Maximum leverage: 1:30 or 1:200
  • Instruments: Forex (33), Shares (UK, US, EU, AU), Indices (31), Energies (2), Metals (7), Bonds (3)
  • Spreads: Fixed (starting at 0.4 pips)
  • Negative Balance Protection: Yes
  • CFD Trading: Yes
  • Spread betting: Yes
  • MT4: if you trade CFDs
  • Copy trading: Yes
  • Rollover fees: Yes
  • Customer support: 24/5
  • Educational resources: Yes

 

You can also open a risk-free demo account with Trade Nation that will allow you to simulate live market trading environments and try all the tools and features on the Trade Nation platform and MetaTrader 4

Demo accounts are recommended for beginners who have never traded before, but you can also use a demo account to test your strategies.

Your demo account will have virtual funds that you can practice with and you can choose a base currency for your demo account.

It appears that Trade Nation does not currently give their clients the option to convert their accounts to swap-free accounts.

 

Market Instruments

Trade Nation offers a variety of tradable instruments. 

We especially recommend opening an account with them if you are interested in trading CFDs and if you’d like to diversify your portfolio with Forex pairs and Indices in particular.

As a Trade Nation client, you can enjoy low spreads on most instruments and your trades can be leveraged to give you more exposure to the markets.

 

Trade Nation offers the following instruments:

  • Forex (33)
  • Shares (UK, US, EU, AU)
  • Indices (31)
  • Energies (2)
  • Metals (7)
  • Bonds (3)

 

Trade Nation Fees and Commissions

There are 3 main ways online brokers make money and that is through the spreads they offer, by charging commission fees and by charging you fees for holding positions open overnight.

Trade Nation is a low-cost broker because they do not charge commission fees and their spreads are low and fixed.

Trade Nation makes money through the spreads they offer, by holding overnight positions and by allowing clients to leverage their trades.

Trade Nation calculates their overnight fees based on the 1-month interbank rate for the currency you are trading with. 

Overnight fees take effect if your positions are open after 10 pm London time and the fee you are charged will depend on whether your positions are long or short.

 

Deposits and Withdrawals

Trade Nation requires no minimum deposit and they accept several base currencies that you can fund your account with.

Trade Nation offers flexible, secure payment methods and deposits will be processed within a few minutes or 2-5 business days, depending on the payment method you use. 

 

💰 Supported base currencies:

  • GBP
  • USD
  • EUR
  • AUD
  • ZAR
  • DKK
  • NOK
  • SEK

 

 💳 Trade Nation Payment methods:

  • Debit cards
  • Credit cards
  • Bank transfers
  • Skrill
  • Paypal (UK clients)

 

There is a minimum withdrawal amount of 50 USD (or in the base currency of your account) but no withdrawal fee is charged.

 

Research and Educational Resources

Trade Nation is a beginner-friendly broker and they provide a variety of beginner guides to help new traders understand the basics of trading.

You can open a demo account and refer to the content provided, or make use of their copy trading features so that you can learn while your trades happen in the background. 

 

🔍There is a detailed beginner’s guide on how to start trading and it will help you understand all the basic concepts in trading and also give you a run-down of the markets you’ll be trading in.

 

🔍 Each section of the beginner’s introductory guide comes with an explanatory video that you can watch.

 

🔍 You can also read through the Spread trading guide that explains what spread betting is and how it works.

This guide explains how to use rises and falls in the markets to your advantage. 

 

🔍 If you’re wondering how to trade Forex, they also provide a guide that explains how to start trading currency pairs.

 

🔍 They also provide a detailed guide about trading CFDs.

 

🔍 Once you’ve decided what instruments you want to trade, you’ll need to learn how to use trading signals. You can learn the basics of trading signals by reading their guide.

 

🔍 If you’re unsure about how to use the Trade Nation platform, you can book a one-on-one session to learn how.

 

🔍 You also have the option of learning how to trade by watching other people trade and using their copy trading feature.

 

🔍 There are also plenty of helpful videos you can watch that will teach you how to use the Trade Station platform.

 

Trading Platforms

Trade Nation is a MetaTrader-friendly broker, but they also offer an outstanding proprietary platform with plenty of platform tutorials to get you started.

 

Trade Nation supports the following platforms:

  • MetaTrader 4
  • Trade Nation platform

 

If you are curious about the proprietary Trade Nation platform, then we recommend opening a demo account and trying it out for yourself. 

This platform can be used on multiple devices and it is a secure trading platform with a simplistic, user-friendly interface that can be used to easily manage multiple accounts from one dashboard. 

With Trade Nation’s platform, you can explore the markets with ease, create personalised watchlists, customise charts, place multiple order types and view your transaction history.

You can also connect your MT4 account to the platform and hedging is allowed on the Trade Nation platform.

 

Trading Tools and Platform Features

We believe that the following tools are essential for successful trading:

  • Drawing tools
  • Trader’s Calculators 
  • News and Market updates
  • Trading Signals
  • Technical Indicators

 

Trade Nation platform:

  • 24-hour customer support
  • Real-time price updates
  • Multiple timeframes
  • Customisable charts
  • Intuitive drawing tools
  • Plenty of indicators
  • Watchlists
  • Multiple order types

 

As a MetaTrader-friendly broker, you will be able to use:

  • Algorithmic trading
  • 21 timeframes
  • Basic tools for graphic analysis
  • 38 built-in indicators
  • MetaTrader Market
  • MQL programming language
  • 700 paid indicators
  • Autochartist
  • Fundamental analysis news
  • Smart Trader Tools
  • over 2 000 free custom indicators
  • One-Click-Trading
  • Hedging tools

 

Customer Support

The Trade Nation customer support team can be reached through telephone, live chat, web tickets and email.

24/5 support is available and you can contact them directly at their international offices in London, Johannesburg, Sydney and the Bahamas.  

 

📧 You can email them directly at:

support@tradenation.com

 

☎️ You can call them directly on:

  • London: +44 (0) 203 180 5952
  • Sydney: +44 (0) 203 180 5952
  • Johannesburg: +27 21 300 2332
  • Bahamas: +1 844 907 8776

 

You can visit their FAQ section to find out more about the company, creating and managing accounts, funding accounts and making withdrawals. 

The FAQ section also provides some answers to the most commonly asked questions.

 

How To Open a Trade Nation Account

By following a few simple steps, you can create a Trade Nation account in just a couple of minutes.

 

Follow these steps:

  1. Register for a trading account via the website
  2. Confirm credentials by providing supporting documents
  3. Await verification process to be completed
  4. Make your first trade!

 

The reason why you need to submit identification documents when applying for accounts with most regulated brokers is that they are trying to improve the safety of their platforms by eliminating fake accounts. 

They also need these documents for KYC requirements and to comply with any tax legislation laws – especially for high-net-worth clients and professional traders. 

By submitting valid documents, you are also protecting yourself because you will be able to prove that your account belongs to you, should anything happen.

Regulated brokers will never leak your personal information, nor will they sell it or abuse it for personal gain, which is why it is so important to trade with a broker that you can trust. 

 

Conclusion

When Core Spreads rebranded to Trade Nation in 2019 and Blackstone Futures was acquired by Trade Nation in 2021, they combined all the best features of both brokers.

Trade Nation is one of our favourite online brokers for beginners because they provide plenty of beginner guides on CFD trading and spread betting, and there are also guides on many other trading topics.

Trade Nation is also an excellent option for beginners and professionals who are interested in copy trading and they provide a reliable proprietary trading platform that you can use.

Trade Nation is a safe, regulated broker that can be trusted and we hope that this Trade Nation review has answered some of the questions you might have about trading with them. 

Good luck with your trades!

 

Frequently Asked Questions

Is Trade Nation regulated and safe to trade with?

Yes, they are regulated by:

  • FCA (Financial Conduct Authority)
  • ASIC (Australian Securities and Investments Commission)
  • FSCA (Financial Sector Conduct Authority)
  • SCB (Securities Commission of The Bahamas)

 

What is Trade Nation’s minimum deposit requirement?

No minimum deposit is required

 

What base currencies does Trade Nation support?

You can fund your Trade Nation account using:

  • GBP
  • USD
  • EUR
  • AUD
  • ZAR
  • DKK
  • NOK
  • SEK

 

What payment methods does Trade Nation accept?

Trade Nation Payment methods:

  • Debit cards
  • Credit cards
  • Bank transfers
  • Skrill
  • Paypal (UK clients)

 

What account types does Trade Nation offer?

Trade Nation account types:

  • CFD Account
  • Spread betting Account

 

These accounts can be used as either a low-leverage account (1:30) or a high-leverage account (1:200).

 

Does Trade Nation offer demo accounts?

Yes

 

Does Trade Nation offer swap-free accounts?

No

 

What leverage does Trade Nation offer?

Up to 1:200, depending on the account type you choose

 

What spreads does Trade Nation offer?

Spreads start from 0.4 pips

 

What platforms can I use with Trade Nation?

There are several different platforms that you can use:

  • MT4
  • Trade Nation platform

 

Is Trade Nation not available in some countries?

Not available in: United States, Algeria, North Korea, Belgium, Canada, Somalia, Ethiopia, Iran, Iraq, NZ, Russia, Sri Lanka, Tunisia, Vanuatu, Afghanistan, Yemen, Zimbabwe.