Overview of the Trade Nation
From 2014 to 2019, the broker’s previous name was Core Spreads. Since then, the business has grown internationally under the name Trade Nation, and it is now governed by the UK’s FCA, Australia’s ASIC, South Africa’s FSCA, and the Bahamas’ SCB. Each of these major nations is home to the broker’s offices.
By doing away with complicated jargon and offering consumer help throughout the whole trading process, the company hopes to enable direct market access.
Trade Nation platform.
The specially designed platform has an easy-to-use user interface and offers extensive charting features.
There are 12 different kinds of interactive charts that may be used, including histograms and candlestick charts, and the time range can be adjusted from one minute to one month. Due to the wide variety of drawing tools readily available, it is very simple to overlay information on graphs. Trades can be easily executed thanks to a second trade button in the chart view.
By offering various demo films on how to utilize their platform, the broker assists new users.
The broker also offers customers the chance to trade forex using the well-known MT4 platform. On the broker’s website, a demonstration video demonstrates how customers can connect their Trade Nation accounts to the MT4 platform.
Because it allows for the use of trading robots and offers a variety of interactive and customizable charts, MetaTrader 4 is well-liked by traders. For market analysis, it provides a choice of 30 built-in indicators, 2,000 free custom indicators, and 24 analytical objects for spotting market patterns.
Automated trading algorithms can be created by users using the MQL4 programming language and downloaded from the MT4 repository.
The broker offers a market information sheet with comprehensive details about each instrument, pertinent spreads, and trading hours. This demonstrates the broker’s exceptional transparency regarding its trading alternatives. includes 9 commodities (energy and metals), 33 currency pairs, 23 prominent indices (cash and futures), 8 differential indices, and 3 bond options.
Spreads and commissions
At Trade Nation, customers benefit from cheap fixed or variable spreads starting at 0 pip. Up to 10 p.m., spreads for both EUR/GBP and EUR/USD were 0.6 pips. At any moment of the day, the market information sheet offers thorough spread details.
The business is transparent about its trading commissions. The only other fee, besides spreads, is overnight interest charged on trades. Customers should get in touch with customer support if they need more specific information because the amount varies on the market being traded and the direction of trading.
Users of iOS and Android devices can download the company’s app for its trading platform. You can make your market watchlists, and it is quick and simple to explore.
Additionally, MetaTrader 4 features a standalone application that enables users to trade the Forex market around-the-clock from any location. The software has received rave reviews and offers complete management of trading accounts along with conversation and financial market news capabilities.
Trading account replenishment methods
The business accepts Visa and MasterCard for deposits made with credit and debit cards. As an alternative, money can be added using a bank transfer or the Skrill online wallet. While wire transfers can take up to 3 business days to reach Trade Nation’s account, credit and debit card deposits happen quickly.
The Trade Nation account is open to a wide spectrum of merchants because there are no minimum deposit requirements.
Customers can test trading methods with £10,000 in fictitious money on Trade Nation’s practice platform, which is a free demo account. Additionally, the broker provides a tailored tour and a demo account, both of which may be ordered through the website’s support team.
In place of the usual company-reported data, Smart News offers “alternative news” sourced from independent sources to help traders remain ahead of the market. Trade Nation is can supply customers with specific themes relevant to their trading interests that can offer fresh perspectives on the market by tying social media to certain financial occurrences.
Additionally, this broker offers clients a free daily signal service for indices, commodities, and FX markets through Acuity, which is FCA-regulated.
There are just two accessible account types in the Trade Nation account structure: low leverage (up to 1:30) and high leverage (up to 1:200). If customers apply for high-leverage accounts, neither these recognized regulations nor any financial compensation plan will assist them. The same trading instruments, commissions, and market access apply to all accounts.
The business takes pride in providing a high level of individualized help without the aid of robots. 24/7 customer service is offered. Clients can also call or email the broker in addition to the live chat option.
Countries with which Trade Nation works and does not work
With three regulated entities (UK, Australia, and the Bahamas), TradeNation can accept traders from virtually all over the world. Except: New Zealand, the USA, Canada, Belgium, and Algeria.
The company has made great progress in achieving its goal of challenging industry standards by being open and truthful. It provides affordable fixed spreads in a variety of markets. The steps made to support customers, such as individual demo account viewing and in-depth video demos, greatly impressed us.