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Score

8.99 /10
Perfect

Trade Nation

United Kingdom

10-15 years

Regulated in Australia

Market Making(MM)

MT4 Full License

Global Business

Suspicious Overrun

Medium potential risk

Offshore Regulated

https://tradenation.com

Influence

D

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Comparison

Quantity 5

Exposure

Time Machine
Website

Score

Regulatory Index9.23

Business Index8.51

Risk Management Index7.38

Software Index9.72

License Index9.23

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

Trade Nation Financial (Pty) Ltd

Company Abbreviation

Trade Nation

Platform registered country and region

United Kingdom

Company website

X

Instagram

YouTube

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts 4
Previous Detection : 2025-02-22
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 49846)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!
  • The Bahamas SCB regulation with license number: SIA-F216 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

Exposure

5 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

My legitimate trading profits were canceled

My legitimate trading profits were canceled, and no one has provided me with a detailed explanation as to why.

FX1113810591
2025-02-20 09:59
Others

Is there a Trade Nation clone?

I can't log in to the official Trade Nation site with my details.Seems there is a clone used for fraud.Trade Nation uses email to log in,while "my provider" suggests a customer number.

Kralle
2023-05-23 02:04
Unable to Withdraw

I can't withdraw my money and they ask me for more to deposit

My story begins with the fact that they contacted me via WhatsApp, offered me a job at home with only internet, and then asked me to rate hotels. Until then, everything was fine. Today they asked me to invest without losing money, the chains had more and more money. Now they tell me that I entered some information wrong and because of that they tell me to deposit triple the amount of money to be able to withdraw. And they don't help me anymore. I am attaching evidence and I hope they can help me.

Beatriz 785
2023-09-21 08:18
Unable to Withdraw

If they can withdraw the money, they require more to be able to do so.

My story begins with the fact that they contacted me via WhatsApp, they offered me a job at home with only internet, then they asked me to rate hotels until then, everything was fine, today they asked me to invest without losing money, the chains had more and more money and the last time they didn't You can get it since I lost my funds. Now they tell me that I entered information wrong and because of that they tell me to deposit three times as much money to be able to get it out and they don't help me anymore. I am attaching evidence and I hope they can help me. I hope something can be done with this.

Perrillo
2023-09-22 01:46
Resolved

After the first trade, tp and sl are not placed.

I opened an account at a company called Trade Nation. After opening the account, they welcomed me with a bonus of 150 USD and told me that I could make a profit withdrawal. Later, I was told that I needed to deposit 500 USD in order to make a profit withdrawal. When you open a trade at the company, if you don't initially set a TP and SL point, you have to wait by its side until the trade is closed. I stayed sleepless many nights, hoping not to close the trade at a loss. I researched and found out that TP and SL are not set later but should be set when opening the first trade. It was really strange to have this in such a company, and it put me in a very difficult situation. Unfortunately, I learned that hedge positions cannot be opened when closing my account. I wish you could provide this information to newcomers to the company. Unfortunately, my account failed because of these issues. When you come, please consider these points; otherwise, you will have to wait for the account.

ysmnmat
2024-08-02 07:35
Sources
Data Source WikiFX Data provide
Updated: 2025-02-22
Trade Nation · Company summary
Trade NationBasic Infomation
Registered Country/RegionUnited Kingdom
Founded in2014
RegulationASIC, FCA, FSA, SCB
Tradable InstrumentsForex currency pairs, commodities, indices
Minimum Deposit$0
LeverageUp to 1:200
Trading PlatformsMetaTrader 4 (MT4), Trade Nation Platform
Demo AccountYes
Islamic AccountNo
Payment MethodsVISA, MasterCard, FPX, Bitcoin, Grabpay
Customer SupportLive chat, email, phone support, Social Medias

Trade Nation Information

Trade Nation is an online forex broker registered in United Kingdom and well regulated by ASIC, FCA, FSA, and SCB. Since its founding, Trade Nation has prioritized the provision of a wide variety of tradable assets. Traders can access a diverse selection of forex currency pairs, commodities, indices, allowing them to capitalize on various market opportunities.

Trade Nation Information

Is Trade Nation Legit or a Scam?

Regulatory AgencyCurrent StatusLicense TypeRegulated ByLicense No.
Financial Conduct AuthorityRegulatedMarket Making (MM)United Kingdom525164
The Seychelles Financial Services AuthorityOffshore RegulatedRetail Forex LicenseSeychellesSD150
Financial Sector Conduct AuthorityExceededFinancial Service CorporateSouth Africa49846
The Securities Commission of The BahamasOffshore RegulatedRetail Forex LicenseBahamasSIA-F216
Australia Securities & Investment CommissionRegulatedMarket Making (MM)Australia000422661
Is Trade Nation Legit or a Scam?

Is Trade Nation Legit or a Scam?

Is Trade Nation Legit or a Scam?

Is Trade Nation Legit or a Scam?

Is Trade Nation Legit or a Scam?

Pros and Cons

ProsCons
Regulated by FCA, SCB, and ASICLimited range of tradable cryptocurrencies
Competitive leverage ratios up to 1:200Inactivity fees for dormant accounts
No minimum depositsLimited availability of localized customer support
User-friendly trading platforms, MT4No Islamic (swap-free) accounts
Multiple customer support optionsTiered trading accounts not provided
\Demo accounts availableLimited trading instruments

Market Instruments

Trade Nation offers a range of market instruments to cater to the trading preferences of its clients. These instruments include indices, commodities, and forex currency pairs. Traders can access a variety of global indices, enabling them to speculate on the performance of specific stock markets or sectors.

Additionally, Trade Nation provides a selection of commodities, allowing traders to trade on the price movements of popular commodities such as gold, silver, oil, and agricultural products. Furthermore, forex currency pairs are available for trading, providing traders with the opportunity to participate in the foreign exchange market.

market-instruments
market-instruments
market-instruments

Trading Cost

InstrumentSpreadMarginContractTrading HoursOvernight Funding
EUR/USD0.3From 0.2%RollingSunday 22:05 – Friday 22:00Charged daily
GBP/USD0.7From 0.2%RollingSunday 22:05 – Friday 22:00Charged daily
USD/JPY0.5From 0.2%RollingSunday 22:05 – Friday 22:00Charged daily
EUR/JPY0.7From 0.2%RollingSunday 22:05 – Friday 22:00Charged daily
GBP/JPY1.40.5%RollingSunday 22:05 – Friday 22:00Charged daily

Cost Comparison (Wall Street 30):

  • Trade Nation: 1.50 pt spread, total annual cost = $3,402
  • Eightcap: 1.60 pt spread, total annual cost = $3,629 (saving $227 p/a)
  • Capital.com: 2.00 pt spread, total annual cost = $4,536

Key Costs:

  • Spread: The cost of buying/selling a financial instrument.
  • Overnight Funding: A daily charge or credit for positions held open after 22:00 GMT (Futures are excluded from this).

Account Types for Trade Nation

Trade Nation offers traders the opportunity to open a demo account and a live account. This account structure provides traders with options to experience simulated trading through the demo account and engage in real-time trading with the live account.

How to Open an Account?

Opening an account with Trade Nation, a reputable forex broker, is a straightforward process that can be completed in a few simple steps. Whether you are a beginner or an experienced trader, Trade Nation strives to make the account opening process quick and convenient. Here is a step-by-step guide on how to open an account:

  1. Visit the official Trade Nation website: Start by accessing the official Trade Nation website at https://tradenation.com/. Click on “Trade Now” or a similar button on the website's homepage. Clicking on this button will take you to the account registration page.
open-account

2. Fill in the required information: On the account registration page, you will be prompted to provide some personal information. This may include your name, email address, contact details, and other relevant information. Ensure that the information you provide is accurate and up to date.

open-account

3. Complete the application: Once you have provided the necessary information and selected your preferred account type, carefully review the terms and conditions, risk disclosure, and other legal documents. Make sure you understand and agree to the terms before proceeding.

4. Account verification: As part of the account opening process, you may be required to provide identification documents for verification purposes. This is a standard procedure to ensure the security and compliance of the platform.

5. Fund your account: After your account is successfully verified, you can proceed to fund your trading account. Trade Nation offers multiple deposit options, including bank transfers, credit/debit cards, and electronic payment methods. Choose the most convenient option for you and follow the instructions provided.

6. Start trading: Once your account is funded, you can access the trading platform provided by Trade Nation. Familiarize yourself with the platform's features, tools, and trading instruments. You can then begin executing trades based on your trading strategy and market analysis.

Trading Platforms

PlatformFeatures
TN Trader- Low-cost fixed spreads- CFD Trading on 100s of markets- Free trading signals in your dashboard- Daily market updates & live news feed- Mobile app support- Trade directly from charts
TradingView- Ultra-low-cost trading- Seamlessly connect with TN Trader- Cutting-edge charting tools- Huge data pool & customizable feeds- Access 10M+ ideas, scripts, & indicators- Set alerts on price action, indicators, tools, and economic news
MetaTrader 4 (MT4)- CFD trading on forex, indices, etc.- Automate with Expert Advisors (EAs)- Chart tools and indicators- Multiple order types, including OCO- One-click trading and trailing stops- Backtest using historical data
TradeCopier- Available with MT4- Mirror expert traders' strategies in real-time- Diversify portfolio based on trading behavior or risk profile- Connect with global traders for insights and ideas
Trading Platforms

Trading Platforms
Trading Platforms
Trading Platforms

Deposit and Withdrawal Methods and Fees

Traders can choose from several reliable payment methods, including VISA, MasterCard, FPX, Bitcoin, and Grabpay. When it comes to making a deposit, Trade Nation sets a minimum deposit requirement of $0, allowing traders of all levels to start their trading journey.

Deposit and Withdrawal Methods and Fees
Payment MethodDeposit CurrenciesFeesMinimum DepositMinimum WithdrawalSupported Payment Methods
Credit CardUSD, NOK, ZAR100% covered by Trade NationNo minimum amount50.00 in any currencyVisa, MasterCard, and other card schemes
Digital WalletUSD, NOK, ZAR100% covered by Trade NationNo minimum amount50.00 in any currencyPayPal, Skrill, Neteller, and other digital wallets
CryptocurrencyUSD, NOK, ZAR100% covered by Trade NationUSD 30.00, NOK 116.00, ZAR 205.0050.00 in any currencyBinance Pay, Bitcoin, Ethereum, Tether, Ripple, Dogecoin, Litecoin, BitcoinDash, BinanceCoin, Solana, Tronix

Southeast Asia:

CountryDeposit CurrenciesFeesMinimum DepositMinimum WithdrawalSupported Payment Methods
IndonesiaUSD100% covered by Trade NationUSD $1USD $50.00Local Banks: BCA, PermataBank, BNI, Mandiri, CIMB Niaga, Bank BRI, Maybank eWallets: LinkaJa, OVO, Dana, Shopee Pay
MalaysiaUSD100% covered by Trade NationUSD $0.5USD $50.00Local Banks (FPX): Maybank, HongLeong, RHB Bank, AmBank, Public Bank, CIMB, HSBC, UOB, OCBC, Standard Chartered, etc. eWallets: Touch 'N Go, DuitNow, Shopee Pay, Grab Pay, Boost
SingaporeUSD100% covered by Trade NationUSD $40USD $50.00Local Banks: eNets, DBS, OCBC, UOB, Standard Chartered eWallets: Grab Pay, Pay Now
VietnamUSD100% covered by Trade NationNo minimum amountUSD $50.00Local Banks: BIDV, Vietcombank, VietinBank, Sacombank, Techcombank, etc. eWallets: Momo, Ngan Luong

Africa:

CountryDeposit CurrenciesFeesMinimum DepositMinimum WithdrawalSupported Payment Methods
NigeriaUSD100% covered by Trade NationUSD $1USD $50.00Paga, USSD, PayAttitude, Bank Wire
GhanaUSD100% covered by Trade NationUSD $1USD $50.00Vodafone, Tigo, MTN, Airtel (Mobile Money Networks)
KenyaUSD100% covered by Trade NationUSD $1USD $50.00Airtel Mobile Money Kenya, M-Pesa
TanzaniaUSD100% covered by Trade NationUSD $12USD $50.00Tigo Pesa, Airtel Mobile Money, VODACOM M-Pesa, Helopesa (Mobile Money Networks)

Customer Support of Trade Nation

Language(s): English

Email: support@tradenation.com

Phone Number: +44 (0) 203 180 5952

Address: 14 Bonhill Street, London, EC2A 4BX, United Kingdom

Social media: Facebook, Instagram, LinkedIn, YouTube, twitter

News

NewsTrade Nation: Safe Investment or Scam?

Trade Nation is an online forex broker registered in the United Kingdom and well-regulated by ASIC, FCA, and SCB. Trade Nation is authorized and regulated by prominent regulatory bodies, including the Financial Conduct Authority (FCA) in the UK, the Securities Commission of The Bahamas (SCB), and the Australian Securities and Investments Commission (ASIC)

WikiFX
2024-12-16 14:01
Trade Nation: Safe Investment or Scam?

NewsTrade Nation Now on TradingView: Easy, Low-Cost Trading

Trade Nation joins TradingView for CFD and spreads trading on 1,000+ markets with low-cost fixed spreads and zero commissions. Accessible to all traders.

WikiFX
2024-07-31 12:54
Trade Nation Now on TradingView: Easy, Low-Cost Trading

NewsIs TRADE NATION reliable?

In today's article, WikiFX will explore Trade Nation in depth, examining its features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service to help you decide whether to use this platform. Keep reading to find out more!

WikiFX
2023-05-25 17:15
Is TRADE NATION reliable?

NewsWhat time does the forex market open

The foreign exchange market, or forex, is a global decentralized market. Optimal times to trade the forex market are when the market is most active, which is often when the trading hours of major regions overlap.

WikiFX
2023-04-17 11:59
What time does the forex market open
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FX1113810591
more than one year
我的正常交易被取消了盈利，没有人跟我详细说明原因。
我的正常交易被取消了盈利，没有人跟我详细说明原因。
Translate to English
2025-02-20 09:59
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0
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ysmnmat
6-12months
Trade nation isimli kurumda hesap açtım hesap açtıktan sonra hoşgeldin bonusu diyerek 150 USD yüklediler hesabıma ve kâr çekimi yapabileceğim söylendi. Sonrasında kâr çekimi yapabilmem için 500 USD yatırmam gerektiği söylendi. Kurumda işlem açıyorsunuz ama açtığınız işleme ilk başta TP ve sl noktası koymazsanız o işlem kapanana kadar başında beklemek zorunda kalıyorsunuz. Gece kaç kere uykusuz kaldım zararda kapatmayım dedim bekleyim dedim araştırdım TP ve sl de koyulmuyormuş sonradan ilk işlem açtığınızda yapılması gerekiyormuş böyle bir kurumda bunun olması açıkçası çok garip geldi ve beni çok zor durumda bıraktı. Hedge pozisyon açılamayacağını da maalesef sonradan hesabım giderken öğrendim keşke kuruma yeni gelenlere bu bilgileri verseniz. Maalesef benim hesabım bunlardan dolayı battı siz de gelirken bunları göz önünde bulundurarak gelin yoksa hesabı beklemek zorunda kalırsınız.
Trade nation isimli kurumda hesap açtım hesap açtıktan sonra hoşgeldin bonusu diyerek 150 USD yüklediler hesabıma ve kâr çekimi yapabileceğim söylendi. Sonrasında kâr çekimi yapabilmem için 500 USD yatırmam gerektiği söylendi. Kurumda işlem açıyorsunuz ama açtığınız işleme ilk başta TP ve sl noktası koymazsanız o işlem kapanana kadar başında beklemek zorunda kalıyorsunuz. Gece kaç kere uykusuz kaldım zararda kapatmayım dedim bekleyim dedim araştırdım TP ve sl de koyulmuyormuş sonradan ilk işlem açtığınızda yapılması gerekiyormuş böyle bir kurumda bunun olması açıkçası çok garip geldi ve beni çok zor durumda bıraktı. Hedge pozisyon açılamayacağını da maalesef sonradan hesabım giderken öğrendim keşke kuruma yeni gelenlere bu bilgileri verseniz. Maalesef benim hesabım bunlardan dolayı battı siz de gelirken bunları göz önünde bulundurarak gelin yoksa hesabı beklemek zorunda kalırsınız.
Translate to English
2024-08-02 07:35
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