A privately held CFD and spread-betting broker with one of the wider genuine regulatory footprints in this group -- direct EU regulation via Portugal's CMVM sits alongside the FCA, ASIC, and FSCA, plus a UK FSCS compensation scheme (up to £85,000) and negative balance protection. Trade Nation deliberately skips MetaTrader 5, offering its own TN Trader platform, TradingView integration, and MT4 instead.
| Regulated entity | Trade Nation Financial Markets Limited |
|---|---|
| Regulation | EU-regulated (MiFID passporting) + FCA No. 525164 + FSA Seychelles-licensed (licence number unconfirmed) |
| Other Tier-1 regulators | ASIC, FSCA |
| Founded | 2014 |
| Headquarters | London, UK |
| Minimum deposit | Not independently confirmed |
| Avg. spread (EUR/USD) | Not independently confirmed |
| Platforms | MT4, TradingView, Proprietary (TN Trader) |
| Instruments | 1,000+ instruments (a marketing claim; count not independently verified) across forex (30-35+ pairs), indices (20-40+), a small commodities range (mainly metals/energy), and shares (hundreds, across UK/Europe/Asia/US); crypto CFDs are offered only via its Bahamas/Seychelles entities, not on the UK consumer site. |
See Trade Nation's full regulation dossier → · How to check whether a forex broker is regulated
Derived from the same confirmed data behind this broker's score (regulation, cost, platforms, deposit minimum) -- not a separate editorial judgment.
Via its FCA-regulated UK entity, eligible clients are covered by the UK's Financial Services Compensation Scheme (FSCS) up to £85,000 per person if the firm fails. Via its EU-regulated entity (MiFID passporting), eligible clients are covered by that entity's home EU member state's investor compensation scheme -- typically up to €20,000, though the exact scheme and cap depend on which country licenses the entity. Via its Seychelles FSA-licensed entity, there is no statutory investor compensation scheme -- if that entity fails, there is no guaranteed fund to recover client money from.
Beyond the headline spread and minimum deposit above. Where our research hasn't independently confirmed a specific detail, we say so rather than guess -- verify directly with the broker before relying on it.
| Account types | A CFD/Spread account (zero commission, fixed-style spreads from 0.5 pips, proprietary TN Trader platform with TradingView integration) and a MetaTrader (MT4) Standard account (variable spreads from 1.1 pips). An Islamic/swap-free account is available in most regions but explicitly not offered in Malaysia, per one source. A Professional account tier exists for qualifying clients. |
|---|---|
| Execution model | Not confirmed as a clearly sourced, independent classification. The fixed-spread CFD/Spread account design is suggestive of a principal/market-maker model, but no source explicitly stated this, so it's reported here as unconfirmed rather than inferred. |
| Withdrawals & deposits | Minimum deposit $0. No Trade Nation-side fees on deposits or withdrawals (third-party payment-processor fees may still apply). Methods include cards, Apple Pay, local bank transfer, e-wallets and crypto, with withdrawals returned via the original deposit method. |
| Overnight financing (swap) | The Islamic account replaces swap with a daily administration fee after a 5-day grace period. Standard swap depends on direction, instrument and market conditions; the benchmark-rate-plus-markup breakdown wasn't found. |
| Currency conversion cost | No fee percentage was found; Trade Nation's own guidance tells clients to fund in the same currency as their bank account "to avoid conversion fees," implying a fee exists on mismatched currencies, though the rate itself isn't disclosed. |
| Inactivity fee | One source states a fee applies after 6 months of dormancy, but the exact amount wasn't found. |
| Customer service | Trustpilot figures are inconsistent across sources -- one snippet shows 4.7/5 from 259 reviews, while another references 1,759 reviews for the same profile. Sentiment is consistently positive (responsive, knowledgeable support), with some complaints about an outdated charting interface and occasional demo-account access issues. |
| Mobile experience | Described qualitatively as quick and simple to navigate with positive user sentiment, but no single reliable aggregate App Store or Google Play star rating was found. |
| Educational offering | A demo/practice account funded with £10,000 in virtual funds; reviewers describe its educational and research tools as a strength, but no detailed, independently reviewed course catalogue was found. |
See how Trade Nation's spread cost compares across every researched broker → · Forex broker fees explained
Is Trade Nation regulated?
Yes -- EU-regulated (MiFID passporting) + FCA No. 525164 + FSA Seychelles-licensed (licence number unconfirmed). See the regulation dossier on this page for the underlying licence numbers.
Is my money protected if Trade Nation fails?
Via its FCA-regulated UK entity, eligible clients are covered by the UK's Financial Services Compensation Scheme (FSCS) up to £85,000 per person if the firm fails. Via its EU-regulated entity (MiFID passporting), eligible clients are covered by that entity's home EU member state's investor compensation scheme -- typically up to €20,000, though the exact scheme and cap depend on which country licenses the entity. Via its Seychelles FSA-licensed entity, there is no statutory investor compensation scheme -- if that entity fails, there is no guaranteed fund to recover client money from.
What is the minimum deposit at Trade Nation?
Not independently confirmed in our research -- verify directly with the broker.
What trading platforms does Trade Nation offer?
Trade Nation offers MT4, TradingView, Proprietary (TN Trader).
What is Trade Nation's average spread on EUR/USD?
Not independently confirmed in our research -- verify directly with the broker.
When was Trade Nation founded?
Trade Nation was founded in 2014.
How is Trade Nation's overall score calculated?
Trade Nation currently scores 3.33/5 overall under our disclosed nine-category methodology -- regulation & client protection 30%, trading costs 20%, non-trading fees 10%, platforms & tools 10%, execution/trading conditions 10%, product range 5%, deposits/withdrawals 5%, transparency 5%, track record 5%. It is not a comparison to other brokers and not based on hands-on testing.
A dated log of when our own published data about this broker actually changed -- not a reconstructed history of what the broker itself did. See the full change log tool for every broker.
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