Reviewed broker: Trade Nation (previously known as Core Spreads)
Location: 9th Floor, 30 Crown Place, London, EC2A 4ES, United Kingdom. Trade Nation operates out of the United Kingdom, Australia, South Africa and the Bahamas.
Established in 2020
Regulation: FCA in the UK, the ASIC in Australia, the FSCA in South Africa and the SCB in the Bahamas
Trading instruments: forex, indices, commodities and shares
Cryptocurrency: no
Segregated accounts: Yes. All of Trade Nation’s accounts are segregated. The company follows strict data privacy practices, with consistent standards in place across all account types.
TradeNation cannot accept traders from includes: New Zealand, US, Canada, Belgium and Algeria.
Trade Nation Review: Trading Features and Conditions
Trade Nation was born from a simple belief: customers deserve better. Whether you are a new trader just setting out or a seasoned long-time trader, you can be sure that you will be supported on every step of your journey. We adopt a customer-first approach which will help change the way you engage with the financial markets. We offer our clients:
- Fixed Spreads with no hidden extra fees
- Negative Balance Protection
- A great range of markets and products to trade
- Transparency, fairness and honesty
- A “customer comes first” approach
The spreads remain low and fixed regardless of whether there are market fluctuations. Unlike variable spreads that could potentially be much wider by the time you exit your position, Trade Nation spreads stay exactly the same from start to finish. Traders benefit from low, fixed spreads at Trade Nation. Both the EUR/GBP and EUR/USD spreads are 0.6 pips before 10pm.
For FCA regulated accounts, leverage up to 1:30 is available, which is the limit imposed by this regulator. For ASIC, FSCA and SCB accounts, leverage up to 1:200 is offered.
Trade Nation Platform Review
Trade Nation offers clients its in-house web-based platform which is indeed easy to use, is intuitive and provides flexible charting functionality through a sleek user interface.
12 interactive graph types are available such as histograms and candle charts, as well as the ability to vary timescales from one minute to one month. It’s also easy to overlay information on graphs, with a good selection of drawing tools available. The optional deal button in the chart view means trades can be executed quickly.
Demo account is available as risk-free practice account with £10,000 in virtual funds free of charge. This means you can get to know the platform without spending a penny, which is the perfect way for you to build confidence if you’re a beginner. Explore, learn and make mistakes without any commitment.
Mobile Apps
Trade Nation provides an app for its trading platform which is available for iOS and Android users to download. The app is be quick and easy to navigate, with the ability to create custom market watchlists. Both live and practice accounts can be managed from the app.
Payment Options
Minimum deposit requirement: $1
Trade Nation hasn’t set any specific minimum deposit amount, so clients need to deposit only enough to cover the margin requirements of their trades.
Payment methods: credit and debit card deposits using Visa and Mastercard, digital wallet Skrill. Withdrawals are returned to the deposit source (card, Skrill or bank transfer) where possible to reduce the risk of fraud. All withdrawals take up to 5 business days to arrive in the account. Trade Nation does charge any fees for deposits or withdrawals.
Trade Nation Promotions and Education
Trade Nation offers a loyalty scheme, where customers receive cashback for every trade. Each customer will receive a sign-up bonus of 1,000 points upon opening an account, and one additional point for every USD traded.
Rebate ranges from 2% for customers with 200 points, to an admirable 20% for customers with over 10,000 points in their account. Unfortunately, this loyalty scheme is only available to non-UK Trade Nation customers.
A great feature offered by Trade Nation is Smart News, which is available on their trading platform and app.
The brokerage offers a selection of online educational tools. This includes trading vocabulary, wide range of articles that can be searched by category including market updates, company news and how to trade safely.
Customer Support
Customer support is available 24/5 (Sunday 10pm – Friday 10pm, GMT). This includes a live chat service, email or telephone.
We were impressed that Trade Nation requires all customers to answer a series of short questions about their trading background, prior to opening an account. If these questions are not answered satisfactorily, the broker will prevent customers from opening a live account until a practice account has been used first.
FAQ
How much capital do I need with Trade Nation?
Trade Nation has no minimum deposit requirement. Customers are only required to cover the minimum margin requirements of their trade.
Is Trade Nation a good broker?
Our review found Trade Nation to be a transparent broker that provides low, fixed spreads for a range of markets including forex, indices and commodities. It also offers a substantial range of high-quality online educational material.
Where is Trade Nation regulated?
Trade Nation is regulated by the FCA in the UK, ASIC in Australia, the FSCA in South Africa and the SCB in the Bahamas.
Does Trade Nation offer a demo account?
Trade Nation offers a practice account with £10,000 of virtual funds to trade with. The demo account can also be accessed using Trade Nation’s app.
Does Trade Nation offer a sign up bonus?
Trade Nation offers a loyalty scheme to non-FCA regulated account customers, which includes 1,000 bonus points when opening a live account. This entitles customers to receive a minimum cash rebate of 5% on any trades the following month, which can be withdrawn or applied to future trades.
How was the rating of TradeNation performed compared to other brokers?
This 2023 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on TradeNation FX broker performance and features.
Overall our online TradeNation review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online TradeNation or you find inaccurate details TradeNation broker review please get in touch with us and the changes will be applied.
