Trade Nation, a Multi-Regulated Forex and CFD broker, has offices globally, located in South Africa, the United Kingdom and Australia. Their regulatory jurisdiction spans South Africa (FSCA), the United Kingdom (FCA), Australia (ASIC) and the Bahamas (SCB). They are a truly global brand looking to attract clients worldwide whilst offering the best possible product, leverage and customer trading experience.

Although they were established in 2020, they were formally known as Core Spreads from 2014 – 2019. They were known for their low-cost trading and industry-leading fixed spreads. Something they tend to carry over into the Trade Nation brand.

Their business outlook and brand values are of extreme importance to them. A “client first approach” and a “fresh approach to trading” is their mission and focus. You can’t help but love what Trade Nation stands for!

Although Trade Nation (TN) offers MetaTrader 4 (MT4) they want to introduce people to their own app and trading platform. Their own proprietary platform offers a huge list of tradable assets, with fixed spreads and the option for guaranteed stops. You will find it to be extremely user-friendly, especially if you are used to MetaTrader 4. It might lack the ability for adding your own custom indicators and EAs, for now. The upside is promising!

You can find our transparent Trade Nation review below. Broker reviews are updated frequently!


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  • Multi-Regulated

  • 24/5 Customer Support

  • MetaTrader 4

  • Trade Nation App

  • Fixed Spreads

  • Negative Balance Protection

  • Broker Verified


  • No Islamic Account

  • No MetaTrader 5

South African Sponsorships

Trade Nation is represented by brand ambassadors that may be familiar to you:

  • Current South African Cricket Captain – Temba Bavuma
  • Rugby World Cup Winner – Tendai ‘The Beast’ Mtawarira
  • Cricket Legend – Jacques Kallis
  • Professional Golfer – George Coetzee

Trade Nation Regulation

As previously mentioned, Trade Nation, known as TN, is regulated in 4 jurisdictions globally. This makes them one of few and puts them right up there with the top runners. They are regulated in the United Kingdom (FCA), Australia (ASIC), Bahamas (SCB) and South Africa (FSCA).

Trade Nation has excellent credentials and is safe, secure and a great choice of broker. They get our vote of confidence here at TradeFx! They would be a good fit for all nationalities, excluding those they cannot accept such as the United States and a few others. A simple phone call or live chat via their website will inform you if you can open an account with them.

4.6 stars from 906 ratings


Trade Nation is a truly Multi-Regulated Forex and CFD broker with offices located globally. They offer 24/5 support from m...

Sign upSign up
CFD service. Your capital is at risk.
Financial spread trading comes with a high risk of losing money rapidly due to leverage. You should consider whether you understand how spread trading works and whether you can afford to take the high risk of losing your money.

Trade Nation Broker Type

Trade Nation is a market maker but not your average B-book broker. They believe in fair and transparent trading! In theory, you should not be concerned about who takes the risk, or the other side of your trade. What should be most important to you as a trader is good fills and fair pricing. Something that is part of their brand values!

Despite being a market maker, just like 99% of the big brokers portrayed to be ECN or STP brokers, they give clients the fairest opportunity to be profitable. They are not scared to be open and honest about how they make their money. This is what sets them apart from their competitors. You won’t see price manipulation or internal stop-hunts.


Yes, your executions do go through a dealing desk. Should it matter based on the former mentioned? No! On their proprietary platform, their spreads are fixed with near-instant fills and no re-quotes. On MT4 spreads are floating but extremely tight and competitive.

You also get the added benefit of guaranteed stops, at a small cost. Well worth it to secure your stop loss and expected downside risk. This is something almost no broker offers their clients. I think you as the reader can see a positive trend forming as to how to conduct business and treat their traders.

Forex Trading Education

If you are seeking a broker that goes all out for their clients in regards to education, TN is the broker for you! They put an immense amount of time and money into putting out quality content and tools.

Their YouTube channel is full of playlists ranging from education to market outlooks. Their platform tutorials are world-class and can assist even the newest of traders to execute their very first trade. They also provide a lot of insight into their operation and brokerage. It is not uncommon to see Stuart Lane (CEO) and Andrew Merry (COO) playing a round of golf or addressing their client base.

We think one of their most valuable inputs is the “Smart News”, found on their Trade Nation app and platform. It really gives you an edge when it comes to trading or avoiding news events. It also assists you in staying up to date with the latest financial news and global updates. We recommend you check it out for yourselves and experience the benefits! We were very impressed.

They also have FCA approved signals provided via their trading app and online platform. We have not made use of them ourselves but looks promising and can possibly add good value to traders seeking that service.

Trade Nation Support

When it comes to their support, it is second to none. They strive to be available to their clients whenever the market is open. And in our opinion, that is how it should be. Their support and customer success team is very capable, trained and knowledgeable, ready to assist and solve any query.

As mentioned early in the article, their support runs from the market open on Sunday evening to the market close on Friday evening. This stretches their support hours to 24/5. No matter where you are in the world, if the markets are open, Trade Nation is there for you.

How can you get in touch?

  • Live Chat via their website
  • Email Support
  • Telephonically to their Offices
  • Trading Desk directly
  • Social Media Channels (less preferred for priority support)

Trade Nation Deposits and Withdrawals

Since TN has no minimum deposit, you can give them a try with an amount you feel comfortable with. Be sure that the amount is sizeable enough to place a trade and cover the margin on the 1:20 – 1:200 leverage (depending on your jurisdiction).

They offer multiple ways of depositing and are constantly adding new methods.

Withdrawals are in our opinion a bit on the slow side and can be improved on. Local withdrawals in the UK or AU seem to go fast but SA clients that funded into their denominated currency bank accounts in the UK tend to have a longer processing time. This slows down the process as a wire transfer can take 3 – 5 business days to reflect.

The minimum withdrawal amount is USD 50.

Trade Nation Trading Conditions

Fair and Transparent. We had absolutely no issue testing them on a live account over a period of 4 weeks. No special treatment as it was anonymous. All clients are treated equally no matter their status, country of origin or account value.

We saw no dodgy prices or anything that would indicate market manipulation for the broker. A massive plus is the “Negative Balance” protection feature, again, something not many brokers offer their clients.

Demo Account

They do offer a free practice account to see their markets in action. It is an opportunity, risk-free, with virtual funds. It is activated immediately, keeping the process simple and easy.


Depending on your country of origin and jurisdiction you fall under, leverage options may vary. They offer low leverage of up to 1:20 and a higher option for countries such as South Africa of 1:200.

The leverage is not dependent on the amount of funds you have in your account.

We, as TradeFX, try and educate traders that leverage is not the alpha and omega of trading. It does not make you a better or more profitable trader. Trading on margin is risky and should be done responsibly.

Spreads and Lot Sizes

Minimum lot size or volume as it is spread trading is 0.5 on their Trade Nation platform. On a ZAR account that would be R0.50 per pip or index point.

Average Standard Account Spreads on Majors

  • EUR/USD: 0.6
  • GBP/USD: 0.8
  • USD/JPY: 0.7
  • AUD/USD: 0.6

These are fixed spreads but do change depending on scheduled times that can be found on their website. You know what you get in advance, no surprises!

MetaTrader 4 spreads are floating and are very similar to the above mentioned, with the only difference is it is impacted by liquidity. The minimum or sizes range from 0.01 but is asset dependent.

Account Types

One account type is offered, as per said mentioned before, they treat all their clients equally. They do offer a wide variety of account currency options such as; ZAR, USD, GBP, SEK, EUR, AUD, NOK and DKK.

Trade Nation Trading Platforms

Their Trade Nation platform is web-based, with no download required on the desktop. It launches in a browser window. They did not forget about mobile and tablets. You can find the respective apps on both the Google Play and Apple App stores. Perfect for managing your trades on the go.

They have their own branded MT4 platform. For MAC users, there is a free version on the MetaQuotes website that works just fine. Mobile spans across almost all devices on the respective app stores.

Both of these platforms are free to download and use for demo accounts.

Trade Nation IB Affiliate Program

They have a very competitive introducing broker and affiliate program. If you are looking for spread revenue, a Hybrid or a CPA deal, the options are there. Their IB/Affiliate department is very capable and usually approves accounts within 24-48 hours.

Join the Trade Nation IB Affiliate Program: Join Now & Earn

Trade Nation South Africa

What does Trade Nation South Africa bring to the SA marketplace? One highlight that sums it up as a South African trader.

They are enforcing a fresh approach to trading. Open, transparent and honest. A highly regulated entity, including the FSCA.

4.6 stars from 906 ratings


Trade Nation is a truly Multi-Regulated Forex and CFD broker with offices located globally. They offer 24/5 support from m...

Sign upSign up
CFD service. Your capital is at risk.
Financial spread trading comes with a high risk of losing money rapidly due to leverage. You should consider whether you understand how spread trading works and whether you can afford to take the high risk of losing your money.

 Trade Nation Review Summary

Trade Nation is one of the brokers we have had the pleasure of reviewing. We simply love their business model. It is about time a broker plays open cards with clients and educates them on how 99% of brokers operate. They are not scared to challenge the norm.  We can see them climbing the list of one of the top 3 brokers in the world, and at a fast rate.

Because they are multi-regulated, we gave them a very high rating in conjunction with all the other positives. Not a lot of negatives to report, coming from a neutral point of view. Because of their slightly slower withdrawal times, they lost some points and did not get that possible 5 stars. Let’s see if they make the improvements. They are truly unique in their own right!

We value your feedback: Rate this broker by leaving a comment and rating below this review.

Broker FAQ

Thinking of Trading with Trade Nation?

Trade Nation FAQ

Which type of assets can I trade with Trade Nation?


What platforms does Trade Nation support?

MetaTrader 4 (MT4) and Trade Nation Platform.

Are Trade Nation platforms mobile friendly?

Yes, they are available on Android and IOS.

What leverage does Trade Nation offer?

Trade Nation offers maximum leverage of 1:200, depending on the jurisdiction.

What is the lowest spread I can expect with Trade Nation?

The lowest spread is typically on the US500 at 0.14 points.

Does Trade Nation offer commission-free trading?

Yes. No commissions are charged upon trade execution.

Is Trade Nation FSCA Regulated?

Yes. Trade Nation is FSCA regulated. FSP#49846.

What is the minimum deposit to open a CM Trading account?

Trade Nation has a minimum deposit of USD 1 as a first-time deposit.

When was Trade Nation founded?

Trade Nation was founded in 2020.

What account currencies does Trade Nation offer?


Which deposit options does Trade Nation offer?

Credit/Debit Card, Bank Wire Transfer, Neteller, Skrill

Trade Nation TN Logo


Trade Nation is a truly Multi-Regulated Forex and CFD broker with offices located globally. They offer 24/5 support from market open to close.

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