Trade Nation Review Australia & Test 2022

Is Trade Nation safe or scam?

Go to Trade Nation CFD
  • Fixed spreads across most CFD assets
  • Multiple asset classes
  • Access to guaranteed stop losses
Go to Trade Nation Forex
  • Fixed spreads on all currency pairings available to trade.
  • Maximum leverage up to 1:200.
  • 30+ currency pairs for Forex trading

Founded in 2014, Trade Nation in Australia has been providing traders from around the world with a range of spread betting and CFD markets for both individual traders and corporations alike. But is Trade Nation safe or a scam?

There is no better way to find out if Trade Nation is safe than by reading our full Trade Nation review for Australia. We deep dive into the range of markets offered security features present, unique fee structure and the broker’s proven reliability. So let’s get started with the most comprehensive Trade Nation review and test in Australia.

Offers and New Customer Experience – Getting started at Trade Nation

Founded in 2014, Trade Nation has been providing clients in Australia and from across the globe with a diverse range of markets. Trade Nation is pretty global too; besides Australia, this broker accepts clients from almost anywhere except the US, Iran, Syria, and North Korea. It took us less than 5 minutes to open an account during our Trade Nation review in Australia.

Like Eightcap Australia, the sign up process is 100% digital, and our account was approved in less than a day. All you’ll need to do is provide some basic personal details, choose an account type – Trade Nation can help you decide too – and supply your documents for approval. Documents can be uploaded digitally via mobile app too – so you don’t even need to sign up on your PC. Our Trade Nation review did uncover that all documents must be supplied in English and any non-English documentation will need to be accompanied by certified translations to be accepted.

Usability – Is Trade Nation user-friendly?

The Trade Nation website is far more exciting and enticing than competitors like Global Prime Australia. It is very easy to navigate, and the website’s speeds are blistering. The whole package certainly feels modern. Despite a serious amount of content, we never felt overwhelmed during our Trade Nation review.

The web trader known as CoreTrader2 is very user-friendly – perfect for a beginner and much more preferable than trading at XM Australia. We were astonished at the language support that meant usability extended to speakers of many different languages such as French, Hungarian, Spanish, and Dutch. CoreTrader2 is sleek and simple. Not added bells and whistles. Traders can find what they are after very quickly. Everything can be accessed from tabs on the dashboard. A lack of two-factor authorisation was a negative in the security department though.

Search functions are a selling point of this trader. During our Trade Nation review using CoreTrader2, we were able to directly search for an asset by name – not every platform lets you do that. We had no problem setting alerts or taking positions in a hurry either.

Accounts – Sign me up!

Unlike a broker like Ingot Australia, things are kept really simple at Trade Nation. There are two accounts available: an individual trader account and a corporate account. What that actually means is a low leverage account and high leverage account, although corporate accounts must be linked to a company. Trade Nation in Australia allows up to 1:200 leverage for corporate accounts and 1:30 for individuals. Both accounts feature no minimum deposits and no inactivity fees.

Fees – What’s it gonna cost me? 

Trade Nation in Australia are very transparent about fees and transaction costs – their homepage features an article about hidden fees hurting traders after all! Unlike many other brokers such as TMGM Australia, this broker has taken a unique approach to trading fees by using fixed spreads. Rather than widening spreads during volatile markets, Trade Nation in Australia chooses to fix the price and that price is low.

The fixed spreads vary by asset class but not by much. For example trades on the S&P 500 are at a fixed spread of 0.7 pips while EUR/USD spreads are 0.6 pips. We did note during our Trade Nation review that share trading of CFDs were charged variable spreads starting at 0.1% – still quite low for the industry. Non-trading fees are also exceptionally non-existent at Trade Nation Australia. There are no inactivity fees, account fees, nor are there any deposit and withdrawal fees either.

Trading Platforms – How to trade at Trade Nation

Trade Nation offers several trading platforms in their own CoreTrader 2 and the popular third-party platform, MetaTrader 4. Both platforms are available as web trading platforms and mobile trading apps. The Trade Nation mobile app is available from the iOS app store or Google Play. The web traders operate best on Firefox, Chrome, Safari, and Microsoft Edge. We cannot confirm if other browsers such as Opera would be supported.

Both traders feature extensive charting capabilities, simple dashboards and CoreTrader2 has a unique guaranteed stop loss order to minimise potential losses.

Trading Payments – Fund your account

Once again, Trade Nation in Australia do not charge any deposit or withdrawal fees which is fairly common in the industry these days. Deposits can be made via bank/credit cards, bank transfers, and e-wallet users can use Skrill too. You must use an account in your name. We found during our Trade Nation review in Australia that deposits were instant with the only exception being bank transfers which took a few business days.

We found no minimum deposit which is particularly rare compared to most brokers in the industry. The base currencies are AUD, GBP, USD, EUR, DKK, NOK, SEK, and ZAR. Using any other currency will result in currency conversion fees. The minimum withdrawal, however, is $50 at Trade Nation Australia. We tested withdrawals using a debit card for our Trade Nation review and it took about 2 – 3 days for the funds to arrive in our account.

Customer Service – Real human support

Customer service is where this broker really shines. Trade Nation in Australia really focuses on ensuring a human element to their customer support. Our Trade Nation Review for Australia noted 24/5 support via email, phone, and chatbots. The contact number for support at Trade Nation is a UK number and their email is easily found. Much like leading brokers like Admiral Markets, support at Trade Nation in Australia is highly transparent.

24 hours literally means 24 hours for all support channels. During our Trade Nation review for Australia, we reached a dedicated phone agent day and night. What we were particularly impressed with is that phone agents will even walk you through the Trade Nation platform tutorials, step-by-step. Phone response time was snappy during our Trade Nation review and emails were seen within an hour or so. The chatbot, however, wasn’t useful for much else other than to direct to FAQ answers.

Regulation and Deposit Insurance – Is Trade Nation Reliable?

Is Trade Nation safe? Well to begin with, Trade Nation holds a fantastic level of licencing by trusted and safe regulatory bodies in 4 jurisdictions including Australia. As well as remaining fully compliant with the requirements of the European Securities and Markets Authority, our Trade Nation review for Australia confirmed the following licences:

  • Australian Securities and Investments Commission (ASIC)
  • Financial Sector Conduct Authority – South Africa (FSCA)
  • Securities Commission of The Bahamas (SCB)
  • Financial Conduct Authority – United Kingdom (FCA)

These are highly trusted and reliable regulators. Trade Nation Australia holds client funds in segregated bank accounts – meaning if the broker loses money, yours is safe. While British clients benefit from a compensation scheme, Trade Nation in Australia does not extend the same offer. During our Trade Nation review in Australia we encountered no instances of a Trade Nation scam online.

Additional Features – Bonus extras

During our Trade Nation review for Australia, we were very impressed with the number of research tools available to every user. Trading ideas are provided through Signal Centre which applies a technical analysis to all of the offerings at Trade Nation. Best of all, you can check out both fundamental and technical data from the Signals Centre. Trade Nation also features a seriously comprehensive blog full of market insights, trading lessons, and crucial finance news. Users of Trade Nation in Australia can sort articles by trading level or article type too – so newbies won’t get swamped with overly technical information.

With a focus on the novice trader, Trade Nation provides plenty of educational resources and ways to learn to trade or use their platforms. The Experts Explain feature provides users with in-depth articles provided by industry experts. Topics range from advanced trading strategy, online security, market analysis, and more.

Trade Nation CFD

CFD trading offer

Besides forex markets, Trade Nation offers CFD markets for several asset classes including indices, commodities, bonds, and shares. Commodities are tradable in metals and energies. Indices and shares cover several regions such as Europe, the US, and Asia. Trade Nation does not offer cryptocurrency CFDs.

CFD trading costs

In keeping with their business model, CFD trades are charged fixed spreads regardless of asset class with the exception of the share market. Of course, the spread value is variable between the different assets and leverage margins will differ too. Some of the lowest fixed spreads can be seen in stock trading while the highest are in the commodities markets. Spreads for stock trading are variable but also as low as 0.1%. Just as with forex trading at Trade Nation, there are no account management fees either.

CFD trading conditions

The maximum leverage that can be used when trading CFDs at Trade Nation will vary between the asset classes and depend on your account type. CFD trading is not a 24/7 affair and market hours will depend on the particular asset a trader is choosing to monitor and trade.

Product summary & conclusion

Trade Nation is a CFD broker offering markets for several different asset classes including stocks and commodities. Trading fees are low, and most are charged at fixed spreads. The only exception is the stock market where spreads are variable but still low – as little as 0.1%. Traders can use leverage to increase their position, but the maximum amount varies by asset class and is limited depending on your account type.

Trade Nation Forex

Forex trading offer

Trade Nation in Australia provides traders with more than 30 forex pairings in what are mostly major and minor pairs. Forex trading is offered as spread betting at Trade nation.

Forex trading costs

Trading forex at Trade Nation in Australia is charged through fixed spreads. The spreads vary between the various tradable pairings. The fixed spreads are time based as well with different spreads at 07:00, 22:00, and 23:00 hours. For example, GBP/AUD trades at a fixed spread of 1.9, 5, and 3.4 pips at each time period. Leverage can be applied to a maximum of 1:200 for Australian clients and the margin depends on whether you hold a low leverage account or a high one. There are no account management fees.

Forex trading conditions

Forex pairs can be traded at Trade Nation in Australia between 22:05 Sunday and Friday 22:00. Minimum stake size depends on currency but in Australia the minimum is 1. Leverage is fixed with  up to a maximum of 1:200 for high leverage accounts and 1:30 for low accounts. Trade Nation does allow hedging.

Product summary & conclusion

Trade Nation is a broker for Australian clients that offers mostly major and minor forex pairings with a unique business model. All trading fees for trading forex at Trade Nation in Australia are handled by a fixed spread. Whether you trade high or low, the fees don’t change. Australian customers can also access the maximum leverage of 1:200, where clients from other countries cannot. You can hedge at Trade Nation and no account management fees mean you can take an extended break without charge.

Trade Nation Review FAQ

📊 Are there any trading fees at Trade Nation?

Online brokers don’t supply their services for free and there any many different ways a broker can make money such as through account fees, transaction fees, and trading fees. Trade Nation have a unique fee structure that helps the broker stand out from a crowd and certainly has advantages over other brokers in the industry.

⛏ Is Trade Nation a scam?

The trading industry is a bountiful one and there are many different opportunities to make money or lose money. Many criminals may take advantage of traders online and it is a best practice to make sure you are aware of the latest trends in trading scams. It is the best way to avoid a scam or fake broker.

💲 How to Trade at Trade Nation?

There are a diverse range of markets and trading opportunities at Trade Nation. A trader must determine what it is they wish to trade and determine their risk before choosing to trade at Trade Nation. How you trade at Trade Nation entirely depends on the trader’s skill level, knowledge, and trading goals.

Conclusion – Our overall Trade Nation rating

Serving Australians and international clients alike for almost 10 years, Trade Nation is a uniquely human-driven CFD trading platform. There are a diverse range of markets available to trade including stocks, forex and indices. We were a little disappointed to see a lack of cryptocurrencies, however.

This trader uniquely offers the majority of its trading fees as fixed spreads. There are many benefits to this method, but Trade Nation doesn’t extend this offering to the stock market – traders will face variable spreads but low ones nonetheless. There are no account management fees and deposits and withdrawals are fee free too. Uniquely this broker offers no minimum deposits, and the withdrawal minimums are rather low too.

We recommend this broker for new traders as the markets aren’t too large to overwhelm and the web trading platform is highly intuitive and user friendly.

Trade Nation CFD
Go to Trade Nation CFD
  • Fixed spreads across most CFD assets
  • Multiple asset classes
  • Access to guaranteed stop losses

User Reviews for Trade Nation

5/5 – 1 User Review
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