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Trade Nation, formerly known as Core Spreads, is a relatively young brokerage company founded in 2019. It has offices in Australia, the UK, South Africa and the Bahamas. The broker pays great attention to trading CFDs on stocks and offers users a proprietary web-based trading platform that is quite easy to use even for beginners. Trade Nation accepts clients from all over the world with the exception of the USA, Canada, North Korea, Belgium, Algeria, Sudan and some other countries where trading on the foreign exchange market is prohibited.
Trade Nation - regulated broker?
The Trade Nation group includes 4 brokerage companies:
- Finsa Pty Ltd is located in Australia and is regulated by the Australian Securities and Investments Commission (ASIC);
- Finsa Europe Ltd is located in the UK and is regulated by the Financial Conduct Authority (FCA);
- Trade Nation Financial (Pty) Ltd is located in South Africa and is regulated by the Financial Sector Supervision Authority (FSCA);
- Trade Nation Ltd is located in the Bahamas and is regulated by the Bahamas Securities Commission (SCB).
All customer funds are kept separately from the company's funds in special segregated accounts in first-tier banks. Moreover, the funds of clients from the UK are insured up to 85,000 pounds sterling in case of insolvency of the broker.
What is the maximum leverage in Trade Nation?
The broker is regulated in several jurisdictions around the world, so tradinge conditions vary depending on the client's country of residence. For example, customers from Australia, the UK and the EU will generally be limited to leverage until 1:30 in accordance with ESMA and ASIC rules. Meanwhile, other international clients trading in the offshore branch of the broker in the Bahamas can use leverage up to 1:200 on the most liquid instruments.
However, one way to circumvent regulatory restrictions on leverage is to register with a broker branch outside of the aforementioned jurisdictions, for example, using a VPN during the registration process. However, it should be noted that this implies the abandonment of some remedies that are also related to regulatory supervision, such as protection against loss of funds in the event of a broker's bankruptcy.
Looking at the available trading tools, it becomes clear that the main niche of Trade Nation is stock trading. The company offers to trade CFDs on shares of more than 1000 companies registered in the USA, UK, EU and Australia. In addition, the usual selection of currency pairs, commodities, stock indices and bonds is available.
It should be noted that Trade Nation is the only broker that prides itself on not offering cryptocurrencies to its clients. In fact, the broker has dedicated an entire page on his website to explain why he believes cryptocurrencies are not suitable for traders, calling this type of trading "just gambling."
The main trading platform offered by Trade Nation is a proprietary web platform that is quite easy to use even for beginners. The platform provides access to all the tools supported by the broker. However, it should be noted that the platform may be too simplistic for more advanced traders. In this case, the classic platform MT4 is still available from Trade Nation for CFD trading, although this option is not well advertised on the broker's website.
What types of accounts does Trade Nation offer?
Trade Nation offers a single trading account with narrow fixed spreads of 0.6 points for the most liquid currency pair EURUSD. Trade Nation is one of the few brokers that has focused on fixed spreads instead of floating ones. He explains this by the fact that fixed spreads always remain unchanged during various trading sessions and during the release of important economic events, ensuring full transparency. While floating spreads may seem low at first glance, they can expand significantly during the news release.
What is the minimum deposit in Trade Nation?
When it comes time to top up your trading account, Trade Nation offers a fairly simple choice of deposit methods. At the moment, this only includes credit and debit cards, bank transfers and the Skrill e-wallet. The broker does not have a certain minimum deposit required to start trading.
Thus, the transition of this broker from the previously known Core Spreads to Trade Nation turned out to be successful. It looks like the company has simplified its website and most of the information intended for customers. We can also mention a simple and intuitive web platform that simplifies Forex trading even for novice traders.
Before choosing a broker, we recommend that you read the reviews of Trade Nation, as well as see our rating of Forex brokers.
|General Information of Trade Nation|
|Broker name||Trade Nation|
|Year of foundation||2019|
|Regulation||FCA, ASIC, FSCA, SCB|
|Trading Platforms||MT4, Trade Nation|
|EURUSD Spread||0.6 pips|
|Base currencies||GBP, USD, EUR, AUD, ZAR|
|Assets||Currency pairs, indices, metals, stocks, bonds|
|Deposit replenishment||BankTransfer, Visa/MasterCard, Skrill|
|Payment for inaction||—|
|Bonuses for depositive||—|
- The year of Foundation 2019
- Head office address Longbow House, 20 Chiswell Street, London, EC1Y 4TW, United Kingdom
- Maximum leverage 1:200
- Min. Deposit $0
- Regulation FCA, ASIC
- Trading platform
- Payment system to enter Bank Transfers, Debit/Credit Cards , Skrill
- Payment system for withdrawal Bank Transfers, Debit/Credit Cards , Skrill
- Number of trading instruments 33
- The number of CFD instruments 1000
- The number of futures 20
- The number of metals 7