Trade Nation

March 7, 2023

Trust Score:

About Trade Nation

Trade Nation is a solid choice for traders who prefer fixed spreads and simple trading, but the limited funding options, withdrawal process confusion, technical glitches, and bot compatibility issues make it less appealing for serious algorithmic traders. For those who require seamless automation, better funding flexibility, and reliable customer support, there are stronger alternatives.

Regulation & Security

Trade Nation is a regulated forex and CFD broker that offers fixed spreads and a simple trading platform, making it appealing for beginner traders. It operates under multiple financial regulators, including the Financial Conduct Authority (FCA, UK), the Australian Securities and Investments Commission (ASIC), the Financial Sector Conduct Authority (FSCA, South Africa), and the Seychelles Financial Services Authority (FSA). While these regulatory licenses provide a level of security, user experiences suggest that Trade Nation’s trading infrastructure and customer service leave much to be desired, especially for more experienced traders.

Account and Setup

The account opening process is fully digital and easy to navigate, with no minimum deposit required. However, some users report slower-than-expected verification times and additional document requests, which can be frustrating compared to brokers with instant approvals.

Funding Options

Trade Nation offers fee-free deposits, which is a plus. However, funding options are limited compared to other brokers, with fewer e-wallets and instant transfer methods. The withdrawal process is different from standard brokers, so it may cause confusion and occasional delays for traders expecting seamless transactions.

Bot & API Compatibility

Fixed spreads can be beneficial for algorithmic traders seeking price stability, but recent issues with bot trading and duplicate trade execution have raised concerns. No FIX API support limits options for high-frequency traders and institutions. Trade Nation has yet to address these problems, affecting confidence in its automated trading reliability.

Trading Conditions& Restrictions

The fixed-spread model eliminates spread widening, making costs predictable. There are no restrictions on scalping or hedging, which is positive. However, technical issues such as website balance discrepancies and lack of real-time updates have caused confusion for traders, impacting overall trust in platform stability.

Trade Nation Reviews

Level 39, Marina Bay Financial Centre Tower 2,
10 Marina Boulevard, 018983 Singapore.

Risk Disclosures:

Trading or investing, whether on margin or otherwise, carries a high level of risk and may not be suitable for all individuals. Leverage can work against you as well as for you. Before deciding to trade or invest, you should carefully consider your investment objectives, level of experience, and ability to tolerate risk. There is a possibility that you could sustain a loss of some or all of your initial investment; therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and investing and seek advice from an independent financial advisor if you have any doubts. Past performance does not necessarily indicate future results. Tradomatix shall not be held responsible should any losses be incurred. All risk is borne by the software user.

Legal Disclosures:

Having custody of (access to) investor funds is a highly regulated activity. It requires a Capital Markets Services (CMS) License issued by the financial regulatory authorities. Tradomatix does not engage in any activity that involves holding custody of investor funds. Clients have full custody of funds with authorised and regulated liquidity providers. Making investment decisions or placing discretionary trades on clients’ behalf is a highly regulated activity. It requires a Capital Markets Services (CMS) License issued by financial regulatory authorities. Tradomatix does not engage in any activity that involves discretionary trading. All trading decisions are made by client-controlled licensed software, at the discretion and full control of each user. Know-your-customer (KYC) activity is a stringent requirement by financial regulators to ensure all financial activities comply with Anti-Money Laundering Authority (AMLA) regulations. Tradomatix services do not involve conducting KYC checks. This process is performed by authorised and regulated liquidity providers. Tradomatix is an Artificial Intelligent software firm specialising in developing trading software for retail and corporate users, not a financial advisory or fund management firm. Tradomatix does not hold any custody of investor funds or execute discretionary trades on behalf of clients. Tradomatix technology integrates with liquidity providers and fund custodians that are regulated by the Monetary Authority of Singapore (MAS) for corporate users and the Australian Securities and Investments Commission (ASIC) for retail users.

(Shariah-compliant accounts available for our Muslim users)