Trade Nation review

Regulated by

FCA 525164; ASIC AFSL 422661; CMVM 601; FSCA 49846; SCB SIA-F216; Seychelles FSA SD150

Regulator tier

Tier 1

Register entry

FCA Financial Services Register, FRN 525164

Client money segregated

Yes, entity-dependent regulatory requirements

Held at

Approved regulated financial institutions

Negative balance protection

Yes for protected retail clients in jurisdictions such as UK/Australia; entity-dependent

Compensation scheme

FSCS protection for eligible UK clients; protections differ by entity

Audited by

Independent external/statutory auditors

Not available to

United States and jurisdictions where distribution/use is contrary to local law

The licence is what decides where your money sits and who is obliged to do something about it.

Trade Nation holds tier-one authorisations from ASIC and FCA. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

It also operates an offshore entity (SCB and FSA). Which one you are onboarded to depends on where you live, and the two carry very different protections - worth confirming before you deposit.

ASIC caps retail leverage at 1:30, requires negative balance protection, and obliges the broker to hold client money in a separate trust account.

The FCA caps retail leverage at 1:30, mandates negative balance protection, and covers eligible clients under the Financial Services Compensation Scheme.

The FSCA licenses derivative providers in South Africa without a fixed retail leverage cap, so headline leverage is often higher than an FCA or ASIC entity may offer.

Check the licence yourself: the FCA Register, ASIC Connect, the FSCA list of regulated entities, the Seychelles FSA list of regulated entities.

Legal entity

Trade Nation Financial Markets Ltd

Company number

810589-1

Headquarters

Providence, Mahe, Seychelles

Founded

2014

Publicly listed

No

Parent company

Trade Nation Group

Employees

Approx. 100-500

Also trades as

Trade Nation; formerly Core Spreads

Spread from

0.0 pips

EUR/USD spread

Variable

GBP/USD spread

Variable

Commission

Generally $0 on spread-based pricing; account/platform dependent

All-in cost, EUR/USD

Variable

Spread type

Fixed and variable pricing depending on platform/product

Overnight swap

Both: overnight financing may be charged or credited

Deposit fee

Generally none internally

Withdrawal fee

Generally none internally; provider/bank fees may apply

Currency conversion

Applicable where currency conversion is required

Cost is the last thing to weigh here, and never the thing that should decide it.

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

Trade Nation lists a minimum deposit of $0. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Platforms

TN Trader, MetaTrader 4

Own platform

Yes

Mobile app

Proprietary and MetaTrader

Browser trading

Yes

Automated trading

Yes, MT4

Copy trading

Limited / not a core offering

Indicators

Advanced integrated charting plus MT4 indicators

Third-party tools

MetaTrader 4, TradingView-powered charting

API access

Not a standard retail feature

MetaTrader 4 remains the most widely supported platform for expert advisors. If you rely on an existing EA, this is usually the deciding factor.

Markets

Forex, Shares, Indices, Commodities

Currency pairs

30+

Total instruments

1,000+

Crypto CFDs

Jurisdiction-dependent

Maximum leverage

1:500

Execution model

Market maker / principal

Execution speed

Not publicly disclosed

Order types

Market, limit, stop, stop-loss, guaranteed stop and platform-specific orders

Servers

Global trading infrastructure

Leverage up to 1:500 is available on this entity. High leverage does not increase your expected return - it increases position size for the same deposit, and shortens the move needed to close you out.

Trade Nation covers forex, shares, indices, commodities. A wider range matters less than depth in the instruments you actually trade.

Funding options: visa/mastercard, bank transfer and supported regional/electronic payment methods. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Minimum deposit

$0

Account types

Retail, Professional/Pro, Demo, Spread Betting available in UK

Account currencies

USD, GBP, EUR, AUD and entity-dependent currencies

Islamic account

No standard swap-free account prominently offered

Demo account

Yes

Professional account

Yes

Minimum trade size

Instrument/platform dependent

Time to open

Typically a few minutes, subject to verification

Deposit methods

Visa/Mastercard, bank transfer and supported regional/electronic payment methods

Withdrawal methods

Bank transfer, cards and supported payment methods

Deposit time

Cards/electronic methods generally fast; bank transfers longer

Withdrawal time

Method-dependent

Minimum withdrawal

Method-dependent

Local payment methods

Entity/country-dependent

Support hours

Trading-week support

Contact channels

Live chat, email, phone, Support Centre

Languages

Multilingual

Telephone

+248 4671996 international; +44 (0)203 180 5952 UK

Email

N/A

Live chat response

Typically within minutes

Education

Extensive: KnowledgeBase, trading guides, platform education and educational articles

Research

Market news, analysis, trading insights and integrated platform tools