Trade Nation Review 2026
Regulated broker with real licence numbers.
Trade Nation is a regulated CFD broker founded in 2014. It holds a FCA licence under number 525164.
The basics
Trade Nation was founded in 2014 and is headquartered in London, UK. It is privately owned. The broker offers CFDs on 1,000 instruments across forex, indices, commodities, and crypto. All positions are contracts for difference — there is no real asset ownership.
MetaTrader is available on all account types. Copy trading is not offered.
| Founded | 2014 |
| Headquarters | London, UK |
| Instruments | 1,000+ |
| Platforms | Trade Nation Platform, MT4 |
| MetaTrader | Yes — MT4 and MT5 |
| Copy trading | No |
| Real stocks | No — CFDs only |
Is Trade Nation safe?
FCA-regulated brokers must keep client funds in accounts segregated from company funds, provide negative balance protection, and contribute to the Financial Services Compensation Scheme (FSCS), which covers up to £85,000 per client if the broker becomes insolvent.
| Regulator | Licence | Entity |
|---|---|---|
| FCA | 525164 ✓ | Trade Nation Ltd |
| ASIC | 422661 ✓ | Trade Nation Financial Pty Ltd |
| FSCA | 49846 ✓ | Trade Nation SA Pty Ltd |
| SCB | SIA-F216 ✓ | Trade Nation Ltd (Bahamas) |
You can verify the FCA licence at register.fca.org.uk. The registration shows the entity name, authorisation status, and full permissions list. It takes under a minute.
Trade Nation spreads
These are the typical spreads on Trade Nation's standard account. Spreads vary by market conditions and account type. ECN or raw-spread accounts offer lower spreads in exchange for a per-trade commission.
| EUR/USD | 0.6 pips pips |
| GBP/USD | 0.9 pips pips |
| USD/JPY | 0.7 pips pips |
| Gold (XAU/USD) | 21c/oz |
| S&P 500 | 0.5pt |
Trade Nation's EUR/USD spread of 0.6 pips pips is competitive for a retail broker without a per-trade commission.
Trade Nation withdrawal fee and processing time
Fee: None. Trade Nation does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Processing time: 1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Withdrawal requests must pass identity verification before processing. If your account is not yet fully verified (proof of identity and address submitted), expect additional delays. Verified accounts follow the standard processing times above.
Trade Nation minimum deposit by entity
The minimum deposit depends on which Trade Nation entity serves your country. Offshore entities often allow lower minimums but with less regulatory protection.
| Entity | Regulator | Min deposit | Max leverage (forex) |
|---|---|---|---|
| Trade Nation Ltd | FCA 525164 | None | 1:30 |
| Trade Nation Financial Pty Ltd | ASIC 422661 | None | 1:30 |
| Trade Nation SA Pty Ltd | FSCA 49846 | None | 1:400 |
| Trade Nation Ltd (Bahamas) | SCB SIA-F216 | None | 1:500 |
Trade Nation vs eToro
| Trade Nation | eToro | |
|---|---|---|
| Primary regulator | FCA 525164 | FCA 583263 |
| Min deposit | None | $50 |
| EUR/USD spread | 0.6 pips pips | 1.0 pips |
| MetaTrader | Yes | No |
| Instruments | 1,000+ | 3,000+ |
| Copy trading | No | Yes |
| Withdrawal fee | None | $5 per withdrawal |
Both brokers are regulated and legitimate. Trade Nation suits traders who value MetaTrader and algorithmic trading. eToro is better for traders who prioritise its specific regulated entity coverage.
Regulation — the numbers that matter
| FCA | 525164 — Trade Nation Ltd |
| ASIC | 422661 — Trade Nation Financial Pty Ltd |
| FSCA | 49846 — Trade Nation SA Pty Ltd |
| SCB | SIA-F216 — Trade Nation Ltd (Bahamas) |
Leverage for retail clients in the EU and UK is capped at 1:30 on major forex pairs under ESMA rules. The offshore entity offers up to 1:500, but with lighter regulatory protection.
Pros and Cons
What works
- FCA regulated — Trade Nation Ltd
- No minimum deposit
- MetaTrader 4 and 5 available
- No inactivity fee
- Regulated in 4 jurisdictions
What does not work
- No copy trading
- No real stock ownership — CFDs only
- High leverage only via offshore entity
The verdict
Trade Nation is a legitimate, regulated broker. The FCA licence number 525164 is verifiable on the public register. It is best suited for traders who want MetaTrader on a regulated platform. Rating: 4.0 out of 5.
Alternatives to Trade Nation
If Trade Nation does not fit your needs, these regulated alternatives are worth comparing:
Frequently asked questions
Is Trade Nation safe?
FCA-regulated brokers must keep client funds in accounts segregated from company funds, provide negative balance protection, and contribute to the Financial Services Compensation Scheme (FSCS), which covers up to £85,000 per client if the broker becomes insolvent. Trade Nation holds FCA licence 525164, which is publicly verifiable on the official register.
What is the Trade Nation minimum deposit?
The minimum deposit is None. This applies to the main regulated entity. Some offshore entities may differ. See the entity table above for full breakdown.
What is the Trade Nation EUR/USD spread?
The EUR/USD spread on Trade Nation standard accounts is typically 0.6 pips pips. Spreads vary with market conditions. ECN or raw accounts offer lower spreads with a per-trade commission instead.
How long does Trade Nation take to process withdrawals?
1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Does Trade Nation charge withdrawal fees?
None. Trade Nation does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Does Trade Nation have MetaTrader?
Yes. Trade Nation supports both MT4 and MT5 on all account types. This allows automated trading, custom indicators, and expert advisors.