Founded in 2014, Trade Nation is a UK-based broker known for offering competitive fixed spreads and a user-friendly trading experience. Now featuring the updated TN Trader Platform (formerly CoreTrader 2), Trade Nation caters to both beginner and experienced traders with a choice of spread betting or CFD trading across thousands of markets, including Forex, Commodities, Shares, and Indices.
81.7% of retail investors lose money when trading CFDs with this provider*. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Trade Nation aims to simplify trading for beginners with its intuitive platforms, low entry costs, and a focus on transparency. With fixed spreads on popular markets, traders can keep costs predictable. Spread betting profits are also tax-free in the UK. You can start trading from as little as £0.50 per point, with a minimum deposit of £100.
What’s their pitch?
Trade Nation know they can’t offer news and market commentary to rival the likes of The Financial Times or Bloomberg, instead it invests in the core features every trader cares about:
- Choice of platforms: Spread bet or trade CFDs with a choice of two industry leading platforms. TN Trader is a state-of-the-art spread betting platform offering tight, fixed spreads and fast execution. And Trade Nation MT4 combines the broker’s industry leading spreads with the most popular CFD platform around.
- Tight spreads: Trade Nations offers some of the tightest spreads around so that, everything else being equal, you can trade for less.
- Thousands of markets: You can trade index, fx, commodity and individual equities. Can’t see your favourite market? Get in touch with our friendly customer service team.
- Clear, simple charges: Transparency is central to the way Trade Nation does business and the broker has done away with all deposit, account opening and inactivity charges. Commission on CFD trades is fixed at £1/€1.30/$1.50 per lot.
- Great customer service: Trade Nation want your trading experience to be as hassle free as possible. If you have any issues, the customer support team is dedicated to treating clients fairly.
- Secure funds: Client funds are held in segregated bank accounts and are covered by the Financial Services Compensation Scheme.
The Facts at a Glance -:
- Trade Nation offers two types of accounts, but the trading parameters are similar for both. Spread betting customers use the proprietary TN Trader platform, while CFD traders use the MetaTrader 4 (MT4) platform. Spread bettors have access to equities markets, while CFD traders do not. In addition, spread bettors simply pay a fixed spread on transactions, while CFD traders pay a variable spread and commissions.
- Trade Nation’s UK MT4 platform is all the same except: no ‘Signals’ for charting, no Guaranteed stops, no Shares offered, no index futures offered, only FX/metals markets attract commission charges, all else is in the spread
- Competitively tight spreads – our Rolling Daily FTSE, Wall St, DAX & EUR/USD are just 1 tick, GBP/USD 2 ticks and Brent Crude 4 ticks during market hours.*
- Spreads on TN Trader are fixed, on MT 4 they are variable. Spread bettors have access to equities markets, while CFD traders do not.
- Both the TN Trader and MT4 platforms offer a demo account. Traders receive £10,000 in virtual trading funds with demo accounts.
- Trade Nation’s UK Web Platform Currencies denominated: GBP/USD/EUR/DKK/SEK. MT4 Currencies supported: GBP/USD/EUR.
TN Trader Platform (Spread Betting)
- Fixed Spreads: Simplifies trading by keeping costs predictable (e.g., EUR/USD at 0.6pts, UK 100 at 0.8pts).
- Low Minimum Stake: Trade from as little as £0.50 per point (£0.10 for crypto and US shares).
- User-Friendly Interface: Designed for ease of use, making it ideal for beginners.
- Free Demo Account: Includes £10,000 in virtual funds to practice risk-free.
MT4 Platform (CFD Trading)
- Variable Spreads: Reflect prevailing market conditions, offering competitive pricing for active traders.
- Advanced Charting: Access to customizable indicators and automated trading strategies via Expert Advisors (EAs).
- Commission-Based Pricing: A fixed $1.50 per lot for Forex and metals, with spreads covering other markets.
- Broad Market Access: While TN Trader caters to spread bettors, MT4 offers interbank market access for CFD traders.
Trade Nation Highlights
The spreads for trading vary by the particular financial instruments being traded and the platform for trading. Spread betting customers on the TN Trader platform trade against Trade Nation and receive fixed spreads based on the particular market they are trading (see below). On this platform, Trade Nation receives its compensation in the form of the bid/ask spread. MT4 traders, on the other hand, trade in the interbank market, and the spreads they pay are based on prevailing market rates. In the case of MT4 trades, Trade Nation receives its compensation in the form of commissions. MT4 traders pay $1.50 per lot, with a minimum order of 0.01 per lot (or account currency equivalent) for trades on this platform.
TN Trader minimum stake is £0.50 per point, £0.10 for Crypto and US shares. On Mt4 FX is 10p (10 cents) and indices is £1 ($1).
Spreads for Key Markets
| Market | TN Trader (Fixed Spreads) | MT4 (Variable Spreads) |
|---|---|---|
| EUR/GBP | 0.6pts | Market-dependent |
| EUR/USD | 0.6pts | Market-dependent |
| GBP/USD | 0.8pts | Market-dependent |
| UK 100 (Rolling) | 0.8pts | Market-dependent |
| Wall Street 30 | 1.0pts | Market-dependent |
| Brent Crude | 3.0pts | Market-dependent |
| Gold | 3.0pts | Market-dependent |
Mobile Trading
Trade Nation has multiple markets – you can trade currencies, commodities, FX and bonds in rising or falling markets. The company also offers many UK, European, US as well as other global equities.
Trading apps for the iPhone, iPad and Android devices are also available. Allow yourself the freedom to trade away from your computer with all the flexibility of the online platform with their trading apps for the iPhone and Android. In fact the mobile product has proved to be one of Trade Nation’s most popular enhancements permitting clients to monitor the markets (and your positions) from wherever they happen to be. The new charting package has also proved to be very popular.
Anything for newbies?
It is free to open an account, you can choose demo or live. You get a no hassle demo account. No calls from the Trade Nation sales team. You will get left alone to practice with the 10,000 practice pounds.
Trade Nation provides a straightforward and beginner-friendly trading environment with a strong emphasis on transparency and fairness. The updated TN Trader platform offers clean navigation and fixed spreads, making it ideal for spread bettors. Meanwhile, MT4 caters to experienced CFD traders seeking advanced tools and variable spreads. I also have a Trade Nation account and I have to say that I find it the cleanest and easiest interface for someone new to spread betting. With no hidden fees, competitive pricing, and excellent customer support, Trade Nation remains a reliable choice for traders seeking simplicity and value.
81.7% of retail investors lose money when trading CFDs with this provider*. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. * For the 3 months preceding September 2022
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