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Trade Nation Account types

Trade Nation Account Types

 

Trade Nation provides two different account types e.g., an Individual and a Corporate account. Each account type has its own set of conditions for commission, margin call, and leverage, and minimum deposits.

 

Trade Nation at a glance

🚀 Broker's nameTrade Nation
📍 HeadquartersLondon, England
📅 Year founded2014
✔️ Regulating authoritiesFCA, ASIC, FSCA and SCB
❌ Countries not accepted for tradeUS, Canada, Belgium, New Zealand, Algeria, Iran, Syria, or North Korea.
📈 Demo accountYes
📈 Islamic account (swap free)No
📈 Institutional accountsYes
📈 Managed accountsNo
📊 Maximum leverage1:200 SCB
1:30 FCA, ASIC
💳 Minimum depositNo minimum
💳 Deposit optionsCredit Card, Visa, Mastercard, Wire Transfer, Skrill
💳 Withdrawal optionsCredit Card, Visa, Mastercard, Wire Transfer, Skrill
📈 Platform(s) providedMT4, Cloudtrade
📱 OS compatibilityMac, Windows, Linux, Web, Mobile Android, iPhone, iPad.
💰 Tradable assets offeredForex, CFDs, Indices, Shares, Commodities, Futures, Bonds
📙 Languages supported on the websiteEnglish
☎️ Customer support languagesEnglish
☎️ Customer service hours24/5
🔎 Open an Account👉 Click Here

 

Overall Rating

4.7/5

Rated #79 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FSCA, SCB

📱 Trading Desk

Meta Trader 4

Crypto

Yes

📈 Total Pairs

33

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Trade Nation Account Types – 8 key points quick overview:

 

👉Trade Nation is a global CFDs broker with headquarters in London, UK

 

👉 Trade Nation was founded in 2014 and claims to be regulated by the Financial Conduct Authority (FCA), the Australian Securities and Investment Commission (ASIC), the Financial Sector Conduct Authority Commission (FSCA), and the Securities Commission of the Bahamas (SCB).

 

👉 Trade Nation is considered safe as funds are kept in client segregated accounts with top tier banks in the UK.

 

👉 The broker was original, from 2014, known as Core Spreads but since 2019 it has expanded globally under the name of Trade Nation. The broker has offices in the UK, Australia, South Africa, and the Bahamas and as mentioned, is properly regulated in each of those countries.

 

👉 The broker prides itself that it aims to provide straightforward market access by removing complicated jargon and providing sufficient customer support throughout the whole trading process.

 

👉 Trade Nation offers its own CoreTrader2 trading platform in addition to the popular MetaTrader 4 and is in general transparent about its trading options. As part of its efforts, it supplies a market information sheet with details of every instrument, associated spreads, and trading hours.

 

👉 Trading instruments include 33 forex pairs, 23 popular indices (cash and future), 8 differential indices, 9 commodities (energy and metals), and 3 bond options.

 

👉 The maximum leverage ratio that can be used by clients of Trade Nation depends on the trader’s resident country and consequently which financial authority the customer’s account is regulated by.

 

👉 For accounts regulated by the FCA, ASIC, FSCA, and SCB leverage up to 1:30 is available.

 

👉 In the UK, Trade Nation as a trading name of Trade Nation Financial UK Ltd also provides an £85 000 deposit protection scheme through the FSCS. There is however no compensation scheme for accounts registered under the other three authorities.

 

👉 Trade Nation uses Signal Centre which gives trading signals for a range of indices, currencies, and commodities.

 

👉 Trade Nation offers a simple account structure, with the only two types of accounts available being the low leverage (up to 1:30)

 

👉 The broker offers two account types, one for retail customers and one for corporate clients, and Signals and Auto Trading are used, but no Social Trading or an option to open Islamic Accounts are available.

 

Trade Nation Account Features

👉 Market access, fees, and trading tools are the same across each account, whether an Individual account or a Corporate account.

 

Other benefits of Trade Nation accounts that distinguish it from competitors include the following:

🟢 Straightforward market and spreads information provided
🟢 A vast range of educational tools are available to new traders
🟢 Excellent customer support is provided
🟢 No minimum deposit is required to open an account
🟢 Cashback rewards can be earned

 

Among the few drawbacks of dealing with this broker count the following:

🔴 No cryptocurrency trading is available
🔴 There are no account tiers
🔴 No option is provided to open an Islamic Account.

 

👉 Since there are no minimum deposit clauses in place, Trade Nation’s accounts are very accessible for a broad range of traders. Moreover, the account opening process at Trade Nation is fully digital and can be verified within one business day.

 

Islamic Account

👉 Trade Nation does not offer Muslim traders who follow the Sharia law the option of an Islamic Account.

 

👉 This type of account can be an option where traders can convert their live trading account to an Islamic Account, or it can be in the form of a standalone account with a separate application procedure.

 

Usually, an Islamic Account offers traders the features like the following:

🟢 Interest is not charged on contracts that are held for more than 24-hours
🟢 Accounts are activated with a required minimum deposit
🟢 Some specific restrictions and limits may apply to the Islamic Account

 

Overall Rating

4.7/5

Rated #79 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FSCA, SCB

📱 Trading Desk

Meta Trader 4

Crypto

Yes

📈 Total Pairs

33

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Trade Nation Demo Account

Trade Nation Demo Account

 

Trade Nation offers traders the option of opening a Demo Account which can be utilized in several ways, including, but not limited to the following:

 

➡️️ A practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds.

 

➡️️ Traders who are evaluating and comparing brokers would like to explore Trade Nation’s trading conditions in a risk-free environment.

 

➡️️ Traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital.

 

The Islamic Account

👉 The purpose of an Islamic Account is that it caters specifically to Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.

 

👉 Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.

 

👉 Brokers offer their Islamic Accounts only to Muslim traders who follow Sharia law. Traders must, however, take note that there are certain features indicated on the Islamic account which differ vastly from the individual account such as minimum deposit, spreads, and more.

 

👉 Traders who are interested in registering for an Islamic account may contact Trade Nation’s customer support to enquire about any availability of such an account as conditions and offerings may have changed from the time of writing.

 

👉 These changes are as per the broker’s discretion or changes in market conditions.

 

Trade Nation Customer Reviews

trade nation customer reviews

 

Tradenation’s response time is awesome.

Tradenation’s response time is awesome.
Thank you for the good service.

Customer reviews Five stars

Professional Broker

Very positive experience with this broker.Tight spreads and realistic pricing when compared to underlying markets. Always polite and helpful and available to answer any questions. Made a recent withdrawal and it took only 20 hours to reach my account. Keep up the good work.

Customer reviews Five stars

TRADE NATION PLATFORM IS THE BEST

I am thankful that the platform is friendly user the way how I execute trades it’s very helpful for that newcomer trader who want to learned foreign markets.

All I can say is this platform is highly recommended I more people will use this platform to grow their portfolio.

Thank you Trade Nation…

Customer reviews Five stars

Trade Nation Pros and Cons

✔️Pros❌Cons
Free deposits and withdrawals can be doneThe desktop platform lacks safer login
Good customer support is providedHigh forex fees are applicable
Good research and education tools providedOffers a slim product portfolio
Low stock and index CFD fees charged
No inactivity fees charged for idle accounts
No minimum deposit is required
Live chat option on the website

 

You might also like: Trade Nation Minimum Deposit

You might also like: Trade Nation Demo Account

You might also like: Trade Nation Fees and Spreads

You might also like: Trade Nation Sign up Bonus

 

Conclusion

Trade Nation is challenging industry norms by being transparent and honest. It offers competitive, fixed spreads for a range of markets and has several measures in place to support customers, such as the one-to-one walk-through of the demo account and extensive video demonstrations.

 

Frequently Asked Questions

 

Trading Environment

 

How many instruments can I trade with Trade Nation?

You can trade several different instruments with Trade Nation, which include the following:

  • Forex
  • CFDs
  • Indices
  • Shares
  • Commodities
  • Futures
  • Bonds

 

Which platforms are supported by Trade Nation?

Trade Nation provides the following popular trading platforms:

  • MT4
  • CoreTrader2

 

Does Trade Nation offer leverage?

Yes, Trade Nation offers maximum leverage of up to 1: 30 under FCA, ASIC, FSCA, and SCB.

 

What spreads can I expect with Trade Nation?

Trade Nation offers spreads from 0,6 pips.

 

Does Trade Nation charge a commission?

No.

 

Are there additional charges on the Islamic account?

Trade Nation does not provide Islamic account options. Some brokers charge extra fees on Islamic accounts – are either in wider spreads, additional commissions, or administration fees to make up for money that they lose with not charging overnight fees.

 

Is Trade Nation regulated and by whom?

Trade Nation is regulated by FCA in the UK, ASIC in Australia, the FSCA in South Africa, and the SCB in the Bahamas.

 

Is Trade Nation a recommended forex trading broker for experts and beginners?

Trade Nation offers the best trading environment for all types of traders.

 

What is the overall rating out of 10 for Trade Nation?

6/10.

 

Accounts

 

What is the difference between a demo and a live trading account?

A demo account as is offered by broker companies like Trade Nation is usually funded with virtual money and gives a prospective customer the opportunity to experiment with the company’s trading platforms and its features.

 

Does Trade Nation offer a demo account?

Yes.

 

Can I convert my demo account to a live trading account with Trade Nation?

Yes, demo account holders as soon as they log in to their profile, have the option to convert to a live account.

 

Which live trading accounts does Trade Nation offer?

  • Individual accounts
  • Corporate accounts

 

Does Trade Nation offer an Islamic Account?

No.

 

What are the available deposit currencies for a live trading account?

USD, GDP, EUR, DKK, SEK, NOK, AUD, and ZAR.

 

Deposits and Withdrawals

 

What is the minimum deposit required to open an account with Trade Nation?

$ 0.

 

How do you make a deposit and withdraw money with Trade Nation?

Trade Nation offers the following deposit and withdrawal methods:

  • Credit Card
  • Visa
  • Mastercard
  • Wire Transfer
  • Skrill

 

Does Trade Nation charge withdrawal fees?

Trade Nation charges no withdrawal fees. The minimum withdrawal amount is $50, or 50 units of the account base currency.

 

How long does it take to make a withdrawal?

Debit card withdrawals take 2 to 3 business days.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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