Trade Nation Review
After being operated as Core Spreads Australia from 2014-19, it changed its name to Trade Nation, which was launched in 2020 with new features and goals. Trade Nation is an online forex broker that aims to focus on customer satisfaction. So, are they able to satisfy the customers? We will get to know them in this Trade Nation review.
However, changing the name doesn’t mean that the brokerage firm had a bad record. They might not want the best forex broker, but the company doesn’t have a bad reputation either. Based on the real-time reviews, Trade Nation offers many features such as user-friendly platforms, easy payment methods, a variety of instruments, and more. That being said, we will explain everything one by one.
The Goal of Trade Nations
Core Spreads was an Australia-based broker. Hence, it was not allowed to operate all over the world. Now that they changed the name, Trade Nation forex can be operated anywhere in the world. They have a plan to set up offices in different parts of the world by securing licenses from multiple legal jurisdictions. Nevertheless, the regulatory situation of the broker is very solid.
Trade Nation Markets Offered
The brokerage firm offers an impressive selection of asset classes, which are easy to comprehend. Further, they have a popular market section that basically offers the most common tradeable asset classes.
The indices offer stocks from the USA, Asia, Europe, and other parts of the world, including the differentials. Further, the forex section offers EUR, USD, and GBP pairs with the availability of minor and major pairs. Besides, it also has a hundred active shares for trading.
Additionally, Trade Nation forex also has a good range of bonds, metals, energies, and more. Like the other section, this also has a wide range of coverage, including lead, zinc, Aluminum, nickel, etc. However, Golds and Pairs are there too.
As per Trade Nation’s trading condition, the min spread is 0.60 pip. However, the spread contains the commission fees too. The maximum leverage mentioned in the websites is 200:1. Further, the spread is variable on different asset classes, which depend on the investment and the account type you will open.
Trade Nation Platforms
Unlike other brokers available in the market, this company doesn’t rely on the MetaTrader 4 forex trading platforms, and it has its very own platform. Let’s see the details of the brokers.
Trade Nation Review: Bespoke Platform
It offers a thin user interface alongside flexible charting facilities. The platform itself has 12 interactive graphs that include candle charts, histograms. Further, the platform gives you the opportunity to see the time scale from one minute to one month.
The graph’s info can be overlayed with the available drawing tools. Nevertheless, the optional deal button available in the chart view indicates the trader can execute a trade quickly.
If you are a first-time user, you don’t need to worry about usability. Trade Nation Initiate video conference or any tutorial to teach the newbies about the platform.
Trade Nation App
You can now access your account right from your phone through the Trade Nation app. You can find the app in the play store and Appstore.
A popular version of MT4 has been a top priority by the brokers as well as the traders. However, the clients can choose the platform they want to use for their trading. The demonstration video includes the detailed guideline on how to use the platform from the beginning, which is available on the broker’s website. You can switch between the platforms too.
The MetaTrader comes with a customizable feature, which favors the traders. Besides, the interactive charting feature and trading robots make it highly essential for the traders. The 30 built-in indicators and 2000 custom indicators make the market analysis process easy. Besides, the 24 analytical objects can boost the market trend’s detection level.
Furthermore, the trader can also customize the platform using the MQL 4 programming language. You can download it from the MP4 codebase.
Trade Nation provides a numerous quality research tool which includes trading ideas, interactive charts, news and more. However, all the traders get invited to check the trading tools. These tools increase efficiency while trading. On the other hand, the tools do not offer any fundamental data.
Trade Nation Account Type
Trade Nation forex offers two account types which consist of a simple structure. The accounts’ leverage may go as low as 1:30 and as high as 1:200. However, the high leverage account offered by brokers is not actually workable. Therefore, the customers don’t get the benefits truly. The good thing about the accounts is, the fees, market access, and tools availability are the same across all account types.
However, you may check out the broker through the demo account for free. They named the practice platform. In the demo account, customers can get a £10,000 virtually in the account. After that, a broker can use it according to the strategy.
Pros / Cons
- Mobile Trading: Yes
- Demo Account: Yes
- Robots: No
- Min Spread: 0.60 Pip
- CFD: Yes, across indices, crypto, commodities, shares
- Scalping: No
- Leverage: 200:1
Payment and Security
Trade Nation values the customer’s security, therefore, they ask a series of questions to the customers to ensure the trading background. If they find discrepancies or are not satisfied, they don’t allow the customer to open the trading account. However, they may offer a practice account.
They use the segregated account methodology. Hence, the customer’s fund remains separate from the company’s fund. Besides, the brokerage firm uses a strict data privacy standard for all types of accounts.
All of Trade Nation’s accounts are segregated. The company follows strict data privacy practices, with consistent standards in place across all account types. So, trader’s information remains safe and secure.
For deposit, Trade Nation forex has the bank transfer, credit card, debit card using Visa and Mastercard. Further, payment with a digital wallet system such as Skrill is also available. However, deposit via debit or credit card can be done instantly, while the bank transfer may take up to 3 business days.
Withdrawals can be done via the deposit sources such as cards, bank transfers, or Skrill. The withdrawal options basically reduce fraudulent activity. However, any kind of withdrawal may take up to five banking days.
Although the Trade Nation has a fresh start in the forex market the company has a good experience as they were working from 2014. This Trade Nation review found that it is simple and focuses on accessibility to provide an excellent experience to the customers. Therefore, you can sign up with a broker without confusion. Further, Trade Nation is regulated by FCA, ASIC, FSCA, and SCB. So, everything will be secured.