Nation Traders Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-09 17:25

Abstract：Nation Traders was founded in 2022 and registered in the UK. Nation Traders trades many trading products. However, it has no effective regulatory information.

Nation TradersReview Summary
Founded	2022
Registered Country/Region	UK
Regulation	Not regulated
Market Instruments	forex, precious metals, commodities, index CFDs, crypto CFDs, stock CFDs
Demo Account	✔
Leverage	Up to 1:2000
Spread	As low as 0.0 floating spreads
Trading Platform	PC platform, Trading App
Min Deposit	$25
Customer Support	Live chat, contact form, phone, email

Nation Traders Information

　　Nation Traders was founded in 2022 and registered in the UK. Nation Traders trades many trading products. However, it has no effective regulatory information.

Pros and Cons

Pros	Cons
Various trading asset classes	Not regulated
Demo accounts	Funds are not protected by law
Flexible leverage ratios	No MT4/5
Tight spreads	Limited payment methods
No commission on the Standard account
Free deposits and withdrawals

Is Nation Traders Legit?

　　As of now, Nation Traders isnot regulated by any institution like FCA. Therefore, it is not safe.

What Can I Trade on Nation Traders?

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Metals	❌
Cryptos	✔
ETFs	✔
Bonds	❌

Account Type

　　Nation Traders offers Pro2, Pro1, Prime, and Standard plans with a minimum deposit of $5000, $3000, $200, and $25 respectively.

Leverage

　　Nation Traders offers flexible leverage ratios based on account balance. For example, if your account balance is less than $500, the leverage ratio will be as high as 1:2,000; if your account balance is greater than $45,000, the leverage ratio becomes 1:100. Note that the high degree of leverage can work against you as well as to your advantage.

Spreads & Commissions

	STANDARD	Prime	Pro1	Pro2
Spread	As low as 1.5 floating spreads	As low as 0.0 floating spreads	As low as 0.1 floating spreads	As low as 0.5 floating spreads
Commission	$0	$8 per lot	$4 per lot	$3 per lot

Trading Platforms

Trading Platform	Supported
PC platform	✔
Trading App	✔

Deposit & Withdrawal

　　Nation Traders accepts Visa, MasterCard, Visa electron, American express and Maestro. Supported currencies include MYR, THB, IDR, USD, and SGD. No fees for deposits and withdrawals. All deposits are said to be instant, while all withdrawals can be processed within 24 hours.

Customer Service

Contact Options	Details
Phone	+447459585436(England)
	+19055247259 (Canada)
	+64 22 845 517 (New Zealand)
	+61 2 6248 9776 (Australia)
Email	support@nationtraders.com
Contact Form	✔
Online Chat	✔
Social Media	❌
Supported Language	English
Physical Address	23 Davidson Street Manchester M1 1AA, England.
	105 Main Street E., Suite 1400 Hamilton ON L8N 1G6 Canada.
	Fujitsu Tower 141 The Terrance, Wellington Central, Wellington 6011, New Zealand
	18 Mort St, Canberra ACT 2601, Australia

The Bottom Line

　　In conclusion, Nation Traders is a forex trader who offers many class assets. Nevertheless, it is not suitable for trading due to its unregulated status.