Trade Nation Review

Trade Nation’s well-designed, easy-to-use trading app for web and mobile is an innovative platform suite that’s great for beginner forex and CFD traders. However, if you’re a seasoned trader, you may find that Trade Nation lacks some of the advanced features you’d find with the best trading platforms.

Trade Nation pros & cons

Pros

• Regulated in Australia, the U.K., South Africa, and the Bahamas.

• Web and mobile platforms are thoughtfully designed and easy to use, earning Trade Nation a Best in Class ranking for our Ease of Use category.

• The Smart News feature available in Trade Nation’s mobile app and web platform helpfully curates Tweets and news headlines.

• Offers a dollar-per-point default staking size, where rather than select a trade size in units, you can select how much you want to risk per price point or per pip (comparable to eToro or Plus500).

• Charts are powered by ChartIQ on TradeNation for web and mobile.

• Fixed spreads for forex and CFD trading are competitive – except during rollover time.

• Trading signals powered by Acuity are available within platform and as standalone web module as part of Trade Nation’s Signal Centre.

Cons

• Web platform lacks integrated news headlines and market research (beyond the Twitter-curated Smart News feature).

• Market research updates on blog are sporadic, and mixed with educational articles.

• The educational offering is limited and lacks variety in its articles, videos, and blogs.

• Though Trade Nation’s new podcast series are well-made and often entertaining, they’re not always strictly focused on financial markets.

Commissions and fees

Trade Nation offers fixed-spread pricing across its tradeable symbols which is quite competitive. While most brokers offer variable pricing, Trade Nation keeps the spread distance fixed as prices update. This means its pricing can be considered an average price as-is, with no further calculation needed – except during the rollover period each day when prices widen for about one hour.

Fixed spreads: Trade Nation lists a fixed spread of 0.6 pips for the EUR/USD pair. It’s worth mentioning again that Trade Nation does widen its spreads briefly during its rollover period each day to as much as 1.4 pips, bringing the true average closer to 1 pip when factoring all price tick data (though it can be lower, depending on whether the average is weighted by time or trade volume).