Trade Nation — where it wins, where it loses
Trade Nation wins on regulatory reach. It loses on published spread. Its cost per ten lots is not confirmed, so it is left out of the cost ordering rather than estimated.
Column by column
The split
Two lists, no averaging. A broker that takes a column outright appears on the left of it; one that gets beaten on a column appears on the right. Nothing is scored into a single number, because a single number hides which side you actually care about.
Wins on
- regulatory reach
Loses on
- published spread
Cost per 10 lots is the EUR/USD spread cost of ten round-turn standard lots at the figure above, commission excluded. Where a broker publishes a "from" spread rather than an average, the comparison inherits that limitation — see the unconfirmed list further down.
Licensing
Which entity, which regulator, which number
Tier decides how much weight a licence carries in any safety column. Each row links to the page it was read from.
| Regulator | Number | Jurisdiction | Tier | Entity | Read from |
|---|---|---|---|---|---|
| FCA | 525164 | United Kingdom | Tier 1 | Trade Nation Financial UK Ltd | tradenation.com |
| ASIC | AFSL 422661 | Australia | Tier 1 | Trade Nation Australia Pty Ltd | tradenation.com |
| FSCA | FSP 49846 | South Africa | Tier 2 | Trade Nation Financial (Pty) Ltd | tradenation.com |
| Securities Commission of The Bahamas | SIA-F216 | Bahamas | Tier 3 | Trade Nation Ltd | tradenation.com |
| FSA Seychelles | SD150 | Seychelles | Tier 3 | Trade Nation Financial Markets Ltd | tradenation.com |
| CMVM | 601 | Portugal | Tier 2 | Trade Nation (Portugal) | tradenation.com |
Checkable
Facts the comparison runs on
On the record
- Trade Nation Financial UK Ltd (company number 07073413) is authorised and regulated by the Financial Conduct Authority under firm reference number 525164.
- The group operates six regulated entities: UK (FCA 525164), Australia (AFSL 422661), South Africa (FSCA 49846), Bahamas (SCB SIA-F216), Seychelles (FSA SD150) and Portugal (CMVM 601).
- Trade Nation's own site dates the business from 2014.
- Trade Nation states its services are not directed at residents of the United States or countries outside the UK, Australia, South Africa, the Bahamas and Seychelles.
- The broker markets a fixed-spread pricing model on its own TN Trader platform alongside MT4.
| Trading since | 2014 |
|---|---|
| Base | London, United Kingdom |
| Minimum to open | not verified |
| Leverage cap | |
| EUR/USD | not verified |
| Terminals | TN Trader, MT4, TradingView |
| Account tiers | Demo |
| Record confidence | high |
| Matchup-ready | no — too many gaps to run a fair head-to-head |
Excluded from the maths
Not verified
Not verified
These fields are not confirmed. They are shown as gaps, not filled in, and they do not feed any column of the matrix:
- minimum deposit
- maximum leverage
- EUR/USD spread
- full account type list
- segregated funds
- negative balance protection
Costs less
Who beats Trade Nation on price
Tickmill
$10.00 per 10 lots · wins on headline spread, platform choice
Eightcap
$10.00 per 10 lots · wins on regulatory reach
JustMarkets
$30.00 per 10 lots · wins on headline spread
CMC Markets
$50.00 per 10 lots · wins on headline spread, no minimum deposit, regulatory reach, platform choice
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money. Verify every figure with the broker before opening an account.