Trade Nation is a brokerage company regulated in the UK, Australia, and the Bahamas. From 2014-2019, Trade Nation offered financial services under the name Core Spreads. The company claims to focus mainly on community building and isn’t shy about displaying its team members on its website. Offering two trading platforms, Trade Nation says it aims to cater to the needs of every type of trader.
Trade Nation is a trading name of Trade Nation Financial UK Ltd, which is authorized and regulated by the Financial Conduct Authority (FCA) under firm reference number 525164. In addition, Trade Nation Australia Pty Ltd is authorized and regulated by the Australian Securities and Investments Commission (ASIC), AFSL No. 4226. Lastly, Trade Nation Ltd, registration Number 203493 B, is authorized and regulated by the Securities Commission of the Bahamas (SCB), SIA-F216. The broker keeps all client funds in separate accounts and cannot use them for his own interest.
The company provides CFD trading on nearly 160 instruments, including 36 currency pairs, 13 indices and 9 commodities.
Trade Nation offers two main account types: CloudTrade account and MT4 account. The main difference between the two types of trading accounts is that in an MT4 account the spreads are variable, and in the one with the proprietary CloudTrade platform, they are fixed. However, no expert advisors can be used in the CloudTrade account. The company leaves it up to traders to choose whether to use a fixed spread instruments account or whether it is more important to use automated software. In the MT4 account, all assets offered are CFDs. There isn’t much information on the page about merchant account types and details. The only way is to have a registered account, which naturally makes it difficult to choose.
The platform of the brokerage company – CloudTrade offers fixed spreads, which, however, have different values during different hourly sessions. For example, for EUR/USD, it is 0.6 pips almost throughout the trade, except for the 10-11 pm range, when it widens to 1.4 pips. Fixed spreads are convenient for trading during news because the costs of opening a position are known in advance. Floating spreads tend to be much wider during times of higher volatility (when important financial news is released), making it impossible to determine exact costs. The CloudTrade platform is also equipped with various technical analysis tools and built-in indicators, which makes market analysis easy and convenient.
The popular MetaTrader 4 (MT4) platform gives everything a professional trader could be looking for, including the ability to activate Expert Advisors (EAs). There is a wide variety of indicators and analysis tools in MT4, but as already mentioned, the spreads here are not fixed and float constantly. EAs can make the entire trading strategy fully automatic and are very useful for experienced traders.
The brokerage offers trading platforms designed for smartphones for Android and iOS users. The mobile app has built-in features like stop-loss and take-profit and enables trading from anywhere. Users will find all necessary trading features except custom indicators and EAs.
Payment methods include Bank Transfer, Credit/Debit Card, Skrill and via cryptocurrencies.
In one of the training sections, the company explains in detail what scalping trading is and at the end of the material it states that it allows this type of trading. It should be noted that not many brokerages officially allow this type of trading.
Additionally, Trade Nation does not charge an inactivity fee and provides negative balance protection for non-professional traders. There is no minimum deposit requirement and trading can be started with a deposit as desired.