- يونيو 27, 2021
- Posted by: ForexTradeOn
- Category: Trade Nation Broker review
Introduction
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.
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)
Pros |
Cons |
|
No two-step verification method for login |
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:
- Market
- Limit
- Stop-loss
- Stop limit
- Trailing stop
- 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)
Pros |
Cons |
|
No price alerts no two-step verification |
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:
- Market
- Limit
- Stop-loss
- Stop limit
- Trailing stop
- 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 Platform
Pros |
Cons |
|
|
Languages
MetaTrader 4 is available in a number of languages like:
MT4 Languages
Arabic |
Bulgarian |
Chinese |
Croatian |
Czech |
Danish |
Dutch |
English |
Estonian |
Finnish |
French |
German |
Greek |
Hebrew |
Hindi |
Hungarian |
Indonesian |
Italian |
Japanese |
Korean |
Latvian |
Lithuanian |
Malay |
Mongolian |
Persian |
Polish |
Portuguese |
Romanian |
Russian |
Serbian |
Slovak |
Slovenian |
Spanish |
Swedish |
Tajik |
Thai |
Traditional Chinese |
Turkish |
Ukrainian |
Uzbek |
Vietnamese |
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 two different options:
- You can search by categories and find assets.
- You can also type the name of the asset and search for it manually.
MT4 – Mobile Platform – Search
Placing orders
MT4 has a simple order types which are:
- Market
- Limit
- Stop
- 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
3. FAQs
- How long does it take to verify my account?
- It takes about 1 to 2 business days to verify your Trade Nation account.
- Can I open more than one trading account?
- Yes, you can open multiple accounts with different currencies if you want.
- 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.
- Does Trade Nation allow scalping and hedging?
- Yes, you can place hedging orders on the Trade Nation Platform.
- 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.
- Has Nation Trade broker a swap-free account option?
- No, Trade Nation has no swap-free option.
- 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’
- 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.
- 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.
- 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.
- Does Trade Nation accept payments from third parties?
- No. Trade Nation will only accept payment from an account or deposit method in your name.