General Information & Regulation
Founded in 2014, Trade Nation is a foreign exchange and CFD broker based in London, UK, offering investors a range of financial products, including foreign exchange, energy, metals, and CFDs.
Concerning regulation, Trade Nation has three entities regulated in their own jurisdictions:
TRADE NATION FINANCIAL UK LTD, authorized or regulated by the Financial Conduct Authority (FCA), License No.: 525164
TRADE NATION FINANCIAL (PTY) LTD, authorized or regulated by the Financial Sector Conduct Authority. License no.: 525164
Trade Nation Ltd, authorized or regulated by The Securities Commission of The Bahamas, Lincense no.: SIA-F216
Pros & Cons of Trade Nation
Market Instruments
Trade Nation provides investors with financial products such as Forex currency pairs, indices, gold, crude oil, European stocks, US stocks, global stocks, CFDs on stock indices, energy, Bonds.
Account Types
At Trade Nation, a forex account is a trading account that functions similarly to a bank account but is issued primarily for the purpose of trading on currencies.
Other features of Trade Nation accounts include the following:
Straightforward market and spreads information are provided
New traders can make use of a vast range of educational tools
Traders can rely on excellent customer support
No minimum deposit is required to open an account
Cashback rewards can be earned
You can choose between a low leverage (up to 1:30) or a high leverage (up to 1:200) account on Trade Nation, demonstrating the simplicity of their account structure. Applying for high leverage accounts does not place customers in line for reliable regulation or financial reparation schemes. Both accounts have the same features, fees, and market access for trading.
Trade Nation Leverage
Trading leverage varies depending on particular instruments. Trade Nation offers 200x leverage on Forex currency pairs, major indices, and gold products, and 1:50 leverage on crude oil.
Spreads & Commissions
There are some spreads on instruments displayed, indeed. Trade Nation's spreads are 0.6 pips on EURUSD, 0.8 pips on GBPUSD, 1 pip on Wall Street 30, 0.3 pips on Gold, and 3 pips on Crude Oil.
Other Fees
Trading Platform
Trade Nation's official website does not indicate which trading platform it offers to traders, but it is pretty sure that Trade Nation offers traders, not the most popular MT4/MT5 trading platforms.
Deposit & Withdrawal
Typically, there is a required minimum opening deposit that can be made in a variety of ways. Methods of withdrawal are usually the same, however they might occasionally vary.
For deposits, Trade Nation accepts Visa and Mastercard. Deposits by bank transfer or Skrill, a digital wallet, are also accepted. However, bank transfers can take up to three business days to reach the Trade Nation account, although credit and debit card deposits are processed instantly.
Trade Nation's account is available to more investors because there is no minimum deposit requirement.
To minimize the possibility of fraud, withdrawals are processed using the same method as the initial transaction (credit card, Skrill, or bank transfer). While the broker does not charge for deposits or withdrawals, the process can take up to 5 business days to complete.
Customer Support
Traders who are just starting out should verify that their chosen broker company provides adequate help.Trade Nation's customer service team is available 5/24 by live chat, email, and phone every day of the week (from Sunday night to Friday night, GMT).
Or you can also follow this broker on some popular social media platforms, including Twitter, Facebook, Linkedin, Youtube, Instagram and more.
2022-11-15 15:29
