Trade Nation Review: published by Traders Union

By
May 22, 2023

The financial marketplace is teeming with many trading platforms, making it crucial for potential traders to understand the specifics before embarking on their trading journey. Among these, Trade Nation has been gaining considerable attention. Renowned for its transparency and range of trading assets.

Traders Union (TU) experts published the Trade Nation review and delved into the complexities of Trade Nation. Let’s explore what sets Trade Nation apart and whether it holds potential for your trading pursuits.

What is Trade Nation?

TU researchers outline that Trade Nation is a Straight Through Processing (STP) broker headquartered in London. Primarily serving traders across European and Asian regions, it falls into the medium-tier brokers’ category, offering a conventional range of trading assets and instruments. The company has regulatory approval from significant entities such as FCA (UK), ASIC (Australia), FSCA (South Africa), and SCB (Bahamas). Clients can open accounts in multiple currencies, such as GBP, USD, EUR, AUD, ZAR, DKK, NOK, and SEK, with the minimum deposit starting from a mere $1. It offers a leverage of up to 1:200 and spreads starting from 0.6 pips. The instruments include currency pairs, commodities, and stock market assets. However, traders must be wary of the 50% margin call/stop out.

Pros and cons of Trade Nation trading company?

According to TU experts, Trade Nation presents a balanced blend of advantages and challenges.

Pros:

  • Regulation: Trade Nation holds licenses from four different regulatory bodies, reflecting its commitment to transparency and regulatory compliance.
  • Segregation of Client Accounts: Clients’ funds are deposited separately at Barclays Bank, ensuring the safety and security of their money.
  • Narrow Fixed Spreads: The company offers comparatively narrow fixed spreads, which can potentially lower the cost of trading.
  • Proprietary Trading Platform: In addition to MetaTrader 4, Trade Nation offers its proprietary trading platform, providing traders with more options.
  • Active Online Community: Trade Nation fosters an active online community where traders can share insights and strategies, enhancing their trading skills.

Cons:

  • Limited Payment Systems: Trade Nation primarily works through banks, offering a limited selection of payment systems which may be less convenient for some traders.
  • Minimum Withdrawal Amount: There is a minimum withdrawal amount, which could be a barrier for traders looking to withdraw smaller amounts.
  • Slow Customer Support: Some users have reported a slow response rate from the customer support team via chat and email, which could be problematic when urgent assistance is required.

What are the main features of the Trade Nation?

Traders Union analysts reveal that the Trade Nation has a mixed performance score. With an overall score of 4.25/10, the company performs well in order execution (4.04/10) and instrument variety (4.62/10). Its investment instruments and withdrawal speed receive decent scores of 4.46/10 and 4.1/10, respectively. However, the customer support work lags with a score of 3.88/10.

Best alternatives for Trade Nation

RoboForex

RoboForex stands out for its minimum deposit of just $10, multiple regulations, a wide range of features, and leverage up to 1:2000.

Pocket Option

Pocket Option requires a minimum deposit of $50, operates under the regulation of the International Financial Market Relations Regulation Center, offers unique features like social trading, and provides a leverage of up to 1:100.

Tickmill

Tickmill shines with a minimum deposit of $100, robust FCA, CySEC, and FSA regulations, various features like auto-trading, and leverage up to 1:500.

For more detailed insights about Trade Nation and the best brokers for Forex, we recommend visiting the official website of the Traders Union.

Conclusion

In conclusion, Trade Nation, with its regulated operations and diverse trading options, offers a promising platform for novice and experienced traders. However, its customer support services and limited payment systems may require some attention. As with any trading platform, a comprehensive understanding of its offerings and potential challenges is paramount. Therefore, we encourage our readers to investigate these platforms further on the Traders Union’s official website. Your informed decision could be a game-changer in your trading journey.