TradeNation Review

TradeNation Review

Min deposit: $0


Company Name
Trade Nation Ltd
United Kingdom , Sydney
  • Financial Conduct Authority (FCA)
  • Australian Securities and Investment Commission (ASIC)
  • Securities Commission of the Bahamas (SCB)
  • Financial Services Agency (FSA) – Seychelles
US Traders Accepted
Out-of-Money Reward
Bonus Size
Max Payout
Not fixed
Deposit Currencies
USD, EUR, GBP, ZAR, Crypto
Trading Platform
Proprietary , MT4
Minimum Trade
0.01 lots
Trading Instruments
Number of Trading Instruments
Online Since
Customer Support Types
Phone, live chat, email, web form
9 language support
Demo Account
  • Fixed spreads that start low and stay low
  • Access to 1000+ global markets from one account
  • Choice between proprietary platform and MT4
  • Leverage available for bigger trades with minimal deposit
  • No minimum deposit required
  • Free withdrawals and deposits
  • Negative balance protection
  • Regulated by reputable financial governing bodies (FCA, ASIC, SCB)
  • Leveraged trading can also lead to bigger losses
  • Limited information on customer support options
  • Not available for U.S. traders

Trade Nation, formerly known as Core Spreads, has gained significant recognition as a reputable trading platform since its establishment in 2014. The company has experienced rapid growth, expanding its presence in the UK, Australia, and the Bahamas.

Trade Nation's success can be attributed to its acclaimed reputation for offering competitive spreads. The company prioritizes transparency and demonstrates respect towards both clients and employees. Furthermore, Trade Nation operates under the regulation of esteemed financial governing bodies, ensuring a secure and trustworthy trading environment.

Who Is Trade Nation Recommended For?

Trade Nation caters to the needs of both casual and experienced traders, offering them the ideal platform to reduce trading expenses and leverage powerful tools that facilitate the development of effective trading strategies. With its intuitive interface and an extensive array of tools, this platform is highly suitable for traders seeking to enhance their market understanding and make well-informed decisions.

Whether you are a part-time trader or a professional, Trade Nation provides a seamless trading experience that empowers individuals to optimize their trading outcomes.

Regulated By

  • Financial Conduct Authority (FCA)
  • Australian Securities and Investment Commission (ASIC)
  • Securities Commission of the Bahamas (SCB)
  • Financial Services Agency (FSA) – Seychelles

Account Options

Account Options Broker Type Minimum Deposit Forex Majors Spread Scalping Hedging Free Demo Account Traders From USA
Available Market Maker $0 Yes Yes Yes Yes No

Top Trade Nation Features

  • Competitive Fixed Spreads

  • Negative Balance Protection

  • Comprehensive Trading Tools

  • Educational Resources

  • Demo Account

Commission and Fee

Trade Nation provides competitive fixed-spread pricing for its tradeable symbols, along with variable-spread pricing on its MetaTrader platform. Unlike most brokers that offer variable pricing, Trade Nation maintains a fixed spread distance as prices update. This implies that the pricing can be considered an average price with no additional calculations required, except for the one-hour rollover period each day when prices widen.

For the EUR/USD pair, Trade Nation specifies a fixed spread of 0.6 pips. It's important to note that during the rollover period, the spreads temporarily increase to as much as 1.4 pips, resulting in a true average closer to 1 pip when considering all price tick data (although it can vary depending on whether the average is weighted by time or trade volume).

Trade Nation Fees, Spreads and Commissions Reviewed ☑️ (2023)


Leverage is a valuable tool in Forex trading that allows traders to potentially amplify their profits. However, it is essential to understand how to utilize leverage wisely in order to mitigate risks that can work in both favorable and unfavorable directions.

Trade Nation offers leverage of up to 1:200, which provides an opportunity for retail traders with modest initial deposits to access the Forex market and cover margin requirements. While leverage can enhance potential gains, it is important to keep in mind that losses can also exceed the initial deposit.

For traders based in the UK and Australia, leverage up to 1:30 is permitted, while an international proposal allows leverage up to 1:200.

Account Types

Trade Nation provides a range of account types to cater to different needs, including Individual, Professional, and Corporate accounts. Additionally, the broker offers practice and learning accounts to help clients familiarize themselves with the platform and the markets.

Trade Nation Review 2023: Fees, Features, and More!

ZAR Account

Trade Nation provides the option to open accounts denominated in various currencies, including ZAR (South African Rand). Customers can choose from a range of base currencies that also include GBP, USD, EUR, AUD, DKK, NOK, and SEK. Trade Nation holds customer funds at Barclays Bank in London, while Trade Nation Australia client funds are held at Westpac Bank in Australia.

Demo Account

The broker offers a trading simulator in the form of a demo account. This allows traders to test their strategies without risking real money through a practice account. Alternatively, they can set up a live account to access all platform features and commence actual trading.

Trade Nation Demo Account (Updated 2023) – ☑️ Nigerian Edition

Pros & Cons

  • No inactivity fee – High forex fees
  • $0 deposit and withdrawal fee – Elevated stock and index CFD fees
  • Low stock and index CFD fees
  • Overnight Fee

Margin Trading

Trade Nation allows traders to engage in margin trading, which enables them to open positions with only a small percentage of the total value. Essentially, the broker lends traders the full amount necessary to execute the trade, and in return, traders incur a nightly fee for each open position. The specific amount depends on the market being traded and the direction of the trade.

Trade Nation Overnight Fee

Deposits and Withdrawals

Trade Nation welcomes new investors with no minimum deposit requirement. Traders are only required to have sufficient funds to cover the margin requirements of their trades.

The broker accepts various payment methods, including debit cards, credit cards, bank transfers, and Skrill. Credit/debit card payments are processed instantly, while bank transfers may take a few days to be completed.

iTrade Nation provides account options in multiple currencies, including GBP, USD, EUR, AUD, ZAR, as well as DKK, NOK, and SEK.

For withdrawals, there is a minimum amount of 50 in the account's respective currency, such as 50 USD.

Notably, Trade Nation does not impose any fees for deposits or withdrawals, and there is no minimum deposit required to commence trading.

Trade Nation Review 2023 - Pros and Cons Uncovered

Trading platforms

Trade Nation's web platform is overly simplified – so much so, that it often feels as though there are significant gaps in its offering. Bringing in research that already exists in the client portal and mobile app will help to elevate Trade Nation’s web platform closer to the level of industry leaders such as Saxo Bank, IG, and CMC Markets.

Trade Nation Review - Full Forex Broker Review with Pros and Cons

Platforms overview: Trade Nation offers a web trading platform that is supported by the latest modern browsers. I found that the platform has simple steps for carrying out core actions like setting an alert, adding a symbol to your favorites, opening a chart, or placing an order.

The features I liked most in Trade Nation’s web platform were the pre-defined watchlists found in the market explorer, and the ability to create multiple custom watchlists.

Charting: Charting in the Trade Nation web platform is powered by ChartIQ, a popular provider of charting software within the online brokerage industry. With 35 drawing tools and 95 indicators, Trade Nation’s web charts have rich technical analysis capabilities – similar to TradingView charts.

Trading tools: Research and news headlines are absent in terms of in-house content or third-party articles beyond the curated Tweets available within the Smart News module. And while there is a lot of real estate left on the platform where I was expecting to find more trading tools, I was pleased to find trading signals powered by Acuity Trading, which can be easily copied and are nicely integrated under the signals tab for live account holders.

Guaranteed stop-loss: Trade Nation offers several order types, including a guaranteed stop-loss. At 3 pips, the price to add a guaranteed stop-loss order is expensive, compared to CMC Markets or IG. That said, pricing is competitive on Trade Nation’s fixed spread offering.

Customer Support

Trade Nation prioritizes its client-oriented approach by offering competent customer service through various methods, including online live chat, phone support, and email. The broker's support team is available 24/5 and assists customers in multiple international languages. Live chat, email, and phone lines are accessible in Australia, the UK, and internationally, ensuring comprehensive customer support.


Trade Nation provides great research tools with comprehensive analysis suitable for beginning traders and also supporting everyday trading, while features including news and analysis, trading tips from experts, beginner guides with video platform guides. Also, the broker offers signal centre – FCA regulated trading signals and ability to create custom market watchlists.


After reviewing Trade Nation, it is evident that this brokerage firm holds a respectable reputation. Although specific details about trading conditions were not extensively provided, the company is regulated in multiple prominent financial jurisdictions, indicating a strong foundation.

Trade Nation offers several positive aspects, including a low initial deposit requirement and access to up-to-date market information, which is beneficial for novice traders. Additionally, professionals will find a wide range of solutions to meet their trading requirements.


Q: What is the minimum deposit required to start trading with Trade Nation?

A: Trade Nation does not impose a minimum deposit requirement for new traders. Traders are only required to have sufficient funds to cover the margin requirements of their trades.

Q: What trading platforms are available on Trade Nation?

A: Trade Nation offers the CoreTrader2 platform for Spread Trading and the MetaTrader4 platform for trading CFDs. Additionally, traders have the option to use the popular MetaTrader4 platform, which is accessible through desktop, web, and mobile versions.

Q: Is Trade Nation regulated?

A: Yes, Trade Nation is regulated in multiple leading financial jurisdictions, ensuring a strong establishment base and adherence to regulatory standards.

Q: What languages is Trade Nation's customer support available in?

A: Trade Nation's customer support is available in various international languages. Live chat, email, and phone lines are accessible in Australia, the UK, and internationally.

Q: Does Trade Nation charge fees for deposits or withdrawals?

A: No, Trade Nation does not charge any fees for deposits or withdrawals. Additionally, there is no minimum deposit required to start trading.

Q: Can I trade on Trade Nation using mobile devices?

A: Yes, Trade Nation provides mobile trading apps for traders to conveniently trade on their mobile devices, offering flexibility and freedom in trading.