Is the Trade Nation broker regulated?

The Trade Nation broker is regulated by many financial authorities like:

• FCA
• ASIC
• FSCA
• SCB

Is Trade Nation a scam?

Trade Nation safety is divided into 2 parts, the safety of the broker itself and the safety of the client.

Broker safety

Trade nation is considered safe as it’s regulated by top-tier financial authorities and has survived from different financial disasters since its foundation in 2014.

Client protection

Trade Nation has client protection amounts for its clients in case anything goes wrong as the following table shows.

Trade Nation Legal Entities Table

Trade Nation has also a negative balance protection to protect its clients accounts from losing money more than what they deposited.

Trade Nations has a variety of trading assets like forex, CFD, metals, bonds, ETFs, commodities, energies, and cryptocurrency.

on the other hand, there’s no opinions, futures, real stocks, or mutual funds trading.

Disclaimer: CFDs have a high risk of losing money rapidly. About 80% of retail investor accounts lose money due to leverage when trading CFDs with this provider. Please note that CFDs are not complying with the islamic religion. And if you want to trade in CFDs you should consider a swap-free account to follow islamic rules.

Learn more about CFDs for muslims.

Trade Nation Offering of Investments

Notes:

• Please note that some of the trading options may depend on your account type and / or your country of residence according to the governmental rules.
• FCA bans the trading of cryptocurrencies for the UK retail traders from January 2021.

Countries available

Trade Nation operates out of the United Kingdom, Australia, South Africa and the Bahamas.

On the other hand, Trade Nations does not accept traders from the US, Iran, Syria or North Korea

Account types

Trade Nation provides 2 types of accounts which are:

• Personal account
• Corporate account

On the other hand, there’s no islamic account option on Trade Nation.

Trade Nation also provides a demo account with 0 fees if you want to experience the trading platform with no risk.

Min deposit

Trade Nation provides a $0 minimum deposit option on the individual account.

How to open an account

You can open an Trade Nation account in minutes through these steps:

1. Enter your name, email, phone number, and country of residence.
2. Verify your email address.
3. Enter some personal information like your city and profession.
4. Choose the account type.
5. Provide a proof of your identity and the country of residence.
6. Fund your account and start trading.

Trade Nation - Account opening

Trading Fees

Forex fees

The fixed spread of EUR/ USD is 0.6 pips per lot.

CFD fees

For S&P 500 CFD, the spread is 0.7 pips per lot.

Disclaimer: CFDs have a high risk of losing money rapidly. About 80% of retail investor accounts lose money due to leverage when trading CFDs with this provider. Please note that CFDs are not complying with the islamic religion. And if you want to trade in CFDs you should consider a swap-free account to follow islamic rules.

Learn more about CFDs for muslims.

Non-trading fees

• Account fee: $0
• Deposit fee: $0
• Withdrawal fees: $0

(you can check the full withdrawal fees in withdrawal fees section)

• Inactivity fee: $0

Account Currencies

The Trade Nation account has several account currencies like:

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

Notes:

• You will not be charged with conversion fees if your account has the same currency with your bank account or when you trade assets with the same currency of your account.
• If you want to avoid being charged with conversion fees, you can open a multi-currency bank account at a digital bank.

Deposit

1. Options

Trade Nation supports depositing using different electronic wallets such that:

• Credit cards
• Electronic wallets (like Skrill)
• Bank transfers

Trade Nation deposit methods

2. Fees

Trade Nation deposits are free of charge so that you can make deposits without a $0 fee.

3. Time

It takes about 1 to 2 business days to make a deposit through bank transfers while depositing using credit cards and electronic wallets happen instantly.

Withdrawal

1. Options

Trade Nation has the same options for the withdrawal like the deposit which are:

• Credit cards
• Electronic wallets (like Skrill)
• Bank transfers

Trade Nation withdrawal methods and fees

2. Fees

Trade Nation’s withdrawals are free of charge.

On the other hand, the minimum withdrawal amount is 50 units of the base currency (i.e., $50 if your account currency is USD.)

3. Time

It takes about 2 to 3 days to withdraw your money from Trade Nation.

Trade Nation works on its customized web platform Cloud Trade as well as its mobile trading platform Trade Nation.

Trade Nation also works on the MT4 trading platform as well. In this section, we will discuss each one of them in detail.

Cloud Trade (Web Platform)

Languages

Cloud Trade is available in a variety of languages like English, Hungarian, French, German, Spanish, Danish, Slovenian, Swedish, Portugese, Norsk, Catalan, Italian, and Vietnamese.

User interface (UI)

The UI of Cloud Trade looks beautiful with all its functions in the right place.

Trade Nation - Cloud Trade - UI

Login and Security

Unfortunately, Cloud Trade has no two-factor authentication method for login.

Trade Nation - Cloud Trade - Login

Searching

The searching function within the Cloud Trade Platform works fine with the ability to search by category as well as the asset name.

Trade Nation - Cloud Trade - Searching

Placing orders

There are several types of orders at Cloud Trade like:

1. Market
2. Limit
3. Stop-loss
4. Stop limit
5. Trailing stop
6. Guaranteed Stop Loss

In addition to those types, there’s another order which is the time limit ‘Good ‘til time’ or GTT.

Trade Nation - Cloud Trade - Place Orders

Notifications and alerts

Cloud Trade allows its clients to set price and notification alerts on assets in order to be updated regularly.

Trade Nation - Cloud Trade - Price Alerts

Portfolio and reports

The portfolio and reports within Cloud Trade platform are clear and there are a number of helpful reports available like:

• Account balance
• Current margin
• Open position P/L
• Available funds
• Transaction history
  
  

Trade Nation - Cloud Trade - Portfolio and Reports

Trade Nation (Mobile Platform)

Languages

The only available language in the Trade Nation mobile platform is English.

User interface (UI)

The UI of Trade Nation Mobile Platform looks good and user-friendly as well.

Trade Nation - Mobile Platform - UI

Login and security

Unfortunately, the Trade Nation mobile application supports only a one-step verification method for login.

Trade Nation - Mobile Platform - Login

Searching

The mobile application of Trade Nation has a structured searching function. Using this function, you can search for asset categories or by the asset name itself.

Trade Nation - Mobile Platform - Searching

Placing orders

Same as the web platform, There are several types of orders at Cloud Trade like:

1. Market
2. Limit
3. Stop-loss
4. Stop limit
5. Trailing stop
6. Guaranteed Stop Loss

In addition to those types, there’s another order which is the time limit ‘Good ‘til time’ or GTT.

Trade Nation - Mobile Platform - Place Orders

Notifications and alerts

Surprisingly, there’s no option to set price alerts or notification in the mobile trading platform of Trade Nation.

MT4

Languages

MetaTrader 4 is available in a number of languages like:

MT4 Languages

User interface (UI)

MT4 has a very customizable UI that you can adjust according to your needs and preferences. On the other hand, it seems hard to find some of the features inside.

MT4 - Mobile Version - UI

Login and Security

Unfortunately, the MT4 does not provide a two-step verification method for logging in, and it does only support a one-step login.

Searching

Searching using the MT4 platform has its pros and cons.

• Pros: you can search by categories and find assets.
• Cons: you can not type the name of the asset and search for it manually.

Placing orders

MT4 has a simple order types which are:

1. Market
2. Limit
3. Stop
4. Trailing stop

In addition to those 4 types, there are other orders which are the time limit ‘Good ‘til time’ (GTT) and ‘Good 'til canceled’ (GTC).

There’s also an order confirmation feature in MT4.

Notifications and alerts

Unfortunately, the MT4 web trading platform does not have an option to set price alerts and notifications unlike the desktop and mobile versions.

MT4 - Mobile Version - Notifications Settings

Portfolio and reports

Under the ‘History’ tab, you can find your portfolio reports with a clear fee description.

MT4 - Mobile Version - Portfolio

Sources

The research tools comes from 2 different sources which are:

• Trade Nation website
• Signal Centre

Trading ideas

The trading ideas of Trade nation comes from the trading signals tool provided by the Signal Centre. This tool helps you find out patterns and predict losses and benefits in order to take actions.

Signal Centre

Fundamental data

There’s no fundamental data available at Trade Nation broker.

Charting

Trade Nation has a good charting option with a variety of indicators to choose from.

Trade Nation - Research - Charting

Newsfeed

From the ‘News & Analysis’ section at Trade Nation’s website, you can be updated with a news flow of the financial market.

Trade Nation - Research - Newsfeed

Options

Trade Nation supports different customer service channels like:

• Live chat’
• Phone support
• Email support

Trade Nation - Customer Support

Nation Trade has helpful educational guides and videos for those who want to learn trading and know more about the broker and how it works.

Trade Nation - Education

• 1. How long does it take to verify my account?
• It takes about 1 to 2 business days to verify your Trade Nation account.
  1. Can I open more than one trading account?
• Yes, you can open multiple accounts with different currencies if you want.
  1. Does Trade Nation give a bonus?
• Yes, Trade Nation gives a sign-up as well as trading bonuses as the following:
• Each customer will receive a sign-up bonus of 1,000 points upon opening an account
• Additional point for every USD traded is given as a bonus.
  1. Does Trade Nation allow scalping and hedging?
• Yes, you can place hedging orders on Trade Nation Platform.
  1. Where is my money held?
• Client money is held in segregated bank accounts at Barclays Bank in London. For Trade Nation Australia, client’s money is held at Westpac in Australia.
  1. Has Nation Trade broker a swap-free account option?
• No, Trade Nation has no swap-free option.
  1. How do I login using the MT4 mobile platform?
• Steps:

1. Go to ‘Settings’

2. Click on 'Manage Accounts' or 'Settings'

3. Then click on the small plus sign or select 'New Account'

4. Then select 'Log in to an existing account'

5. Search for the broker name

6. Select the server your account was set up on

7. Enter your login credentials and password

8. Click on 'Sign In'

• 1. When trading forex, will you lose more than your initial deposit?
• The MetaTrader 4 platform is set to automatically close your positions when your margin requirement reaches 100% (stop out level).
• Please note that this process is automated and is not a guarantee that your account will not enter into a negative equity situation and you should keep a balance amount in your account above your required margin.
  1. Can I login to more than one account from the same computer?
• Yes, you can do such a thing by using the MT4 Multi Terminal.
  1. Can I login to the same account through different devices?
• Yes, you can login to the MetaTrader 4 platform using the same password and username through different devices.
  1. Does Trade Nation accept payments from third parties?
• No. Trade Nation will only accept payment from an account or deposit method in your name.

Conclusion:

• Pros: no minimum deposit, low non-activity fees, client protection amounts
• Cons: not listed on stock exchange, no Islamic account option, no two-step verification method
• Best for: Beginners
• Regulated by: FCA, ASIC, FSCA, SCB
• Headquarters: UK
• Foundation year: 2014
• Min Deposit: $0
• Deposit methods: credit cards, electronic wallet, bank transfer
• Withdrawal method: credit cards, electronic wallet, bank transfer
• Deposit fees: $0
• Withdrawal fees: $0 (min withdrawal is 50 currency units)
• Base currencies: USD, GDP, EUR, DKK, SEK, NOK, AUD, and ZAR
• Offering of investments: forex, CFD, metals, bonds, ETFs, commodities, energies