Is Trade Nation Scam? | Trade Nation Safety and Reliability



  • Regulated by top-tier FCA
  • Regulated by ASIC, FSCA, and SCB
  • Negative balance protection
  • Client protection amount
  • Not listed on stock exchange
  • Does not provide its financial statements regularly


Trade Nation is a UK forex and CFD broker that’s regulated by top-tier FCA. it’s founded in 2014 and has trading instruments like forex, CFD, bonds, commodities, and real stocks.

Is Trade Nation Regulated?

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

  • FCA
  • ASIC
  • FSCA
  • SCB

Is Trade Nation a Scam?

Trade Nation broker has a long record as a trading platform since 2014 with users worldwide and passed through different global crises ending with the coronavirus. Trade Nation was also awarded with several awards along its history that make Trade Nation reliable.

On the other hand, Trade Nation is not listed on stock exchange markets and does not publish its financial statements regularly.

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


Protection amount


Broker’s Legal Entity




Finsa Europe Ltd

South Africa

No protection


Trade Nation Financial


No protection


Finsa Pty Ltd


No protection


Trade Nation Ltd

Negative Balance Protection

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

Two-step Verification

Unfortunately, Trade Nation lacks the two-step verification method while logging in and it only supports the one-step verification method.


  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. 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. 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. Does Trade Nation accept payments from third parties?
  • No. Trade Nation will only accept payment from an account or deposit method in your name.

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