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FOREX.com vs Trade Nation 2022

BrokerNotes.co

Written by BrokerNotes.co

November 08, 2022

Trying to decide between FOREX.com and Trade Nation? Weโ€™ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, FOREX.com ranks more highly than Trade Nation.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall RatingFOREX.comTrade NationIG
Overall Rating8.7 / 107.1 / 109.7 / 10
Account TypeFOREX.comTrade NationIG
Standard Trade Size (100,000 units)YesYesYes
Mini Trade Size (10,000 units)YesYesYes
Micro Trade Size (1,000 units)YesYesYes
Islamic AccountYesNoNo
Copy TradingFOREX.comTrade NationIG
Social Trading / Copy TradingNoNoYes
DupliTradeNoNoNo
ZuluTradeNoNoNo
CryptocurrencyFOREX.comTrade NationIG
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesNoYes
BitcoinYesNoYes
ethereumYesNoYes
Forex Trading (Spot or CFDs)FOREX.comTrade NationIG
Forex Trading (Spot or CFDs)YesYesYes
Mobile Trading - Forex or CFDsYesYesYes
Indices (Index CFDs)FOREX.comTrade NationIG
DAXYesYesYes
Dow JonesYesYesYes
FTSEYesYesYes
NASDAQ 100YesYesYes
NikkeiYesYesYes
SP 500YesYesYes
InvestmentsFOREX.comTrade NationIG
Forex Trading (Spot or CFDs)YesYesYes
Spread BettingNoYesYes
Social Trading / Copy TradingNoNoYes
MetalsYesYesYes
EnergiesYesYesYes
AgriculturalsYesNoYes
ETFYesNoYes
U.S. Stocks (CFD)YesNoYes
Trading PlatformsFOREX.comTrade NationIG
Apple iOS AppYesYesYes
Android AppYesYesYes
Proprietary PlatformYesYesYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesNoNo
Regulatory LicensesFOREX.comTrade NationIG
Tier-1 Licenses427
ASIC Authorised (Australia)NoYesYes
IIROC Authorised (Canada)YesNoNo
FCA Authorised (U.K.)YesYesYes
SFC Authorised (Hong Kong)NoNoNo
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
CFTC Registered (USA)YesNoYes
Tier-2 Licenses212
Tier-3 Licenses111
Research, EducationFOREX.comTrade NationIG
Trading Central (Recognia)YesNoNo
Forex News (Top-Tier Sources)YesYesYes
Daily Market CommentaryYesNoYes
AutochartistNoNoYes
Investor Dictionary (Glossary)YesYesYes
Videos - Beginner Trading VideosYesYesYes
Client Webinars (Archived)NoNoYes
Trading CostsFOREX.comTrade NationIG
Minimum Initial Deposit$100$0ยฃ250.00
Average Spread EUR/USD - Standard1.0 (July 2022)0.60.86 (September 2022)
All-in Cost EUR/USD - Active1.0 (July 2022)0.60.5957 (September 2022)
Active Trader or VIP DiscountsYesNoYes
Bank Wire (Deposit/Withdraw)YesYesYes
Visa/Mastercard (Credit/Debit)YesYesYes
PayPal (Deposit/Withdraw)YesNoYes
Trading ToolsFOREX.comTrade NationIG
Watchlists - Total Fields201214
Mobile WatchlistYesYesYes
Charting - Indicators / Studies (Total)2033533
Mobile Charting - Indicators / Studies889533
Trust FactorsFOREX.comTrade NationIG
Year Founded199920141974
Publicly Traded (Listed)YesNoYes
BankNoNoYes
Authorised in European UnionYesNoYes
Trust Score998399
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FOREX.com vs Trade Nation Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare FOREX.com vs Trade Nation.

Can I trust FOREX.com?

FOREX.com has a trust score of 99, giving it a "Highly Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are โ€“ in most cases โ€“ operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a โ€œDo Not Trustโ€ rating.

Can I trust Trade Nation?

Trade Nation has a trust score of 83, giving it a "Trusted" trust label.

Is FOREX.com a good broker?

Is Trade Nation a good broker?

Trade Nation offers an innovative platform suite that is optimized for ease-of-use, and great for beginners. That being said, the lack of advanced trading features may leave experienced traders wanting more.

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. FOREX.com is IIROC Authorised (Canada), FSA Authorised (Japan), FCA Authorised (U.K.) and CFTC Registered (USA), while Trade Nation is ASIC Authorised (Australia) and FCA Authorised (U.K.)., neither have SFC Authorised (Hong Kong), CBI Authorised (Ireland), MAS Authorised (Singapore), FMA Authorised (New Zealand) and FINMA Authorised (Switzerland)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, FOREX.com is CySEC Authorised (Cyprus) and DFSA / Central Bank Authorised (UAE), while Trade Nation is FSCA Authorised (South Africa)., neither have CBRC Authorised (China), SEBI Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia) and SEC Authorised (Thailand). When comparing tier-3 licenses FOREX.com is CIMA Authorised (Cayman Islands), while Trade Nation is SCB Authorised (Bahamas)., neither have IFSC Authorised (Belize), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands), FSC Authorised (Mauritius) and VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

Both FOREX.com and Trade Nation offer a Proprietary Platform and Desktop Platform (Windows)., neither have cTrader, DupliTrade and ZuluTrade

Does FOREX.com offer MetaTrader? Does Trade Nation offer MetaTrader?

For MetaTrader FOREX.com provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while Trade Nation provides MetaTrader 4 (MT4). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

How do FOREX.com and Trade Nation differ in terms of minimum deposit? What about average spreads and funding options?

FOREX.com requires a minimum deposit of $100, while Trade Nation requires a minimum deposit of $0. From our testing we found FOREX.com offers spreads of 1.0 (July 2022), while Trade Nation offers spreads of 0.6. FOREX.com supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and PayPal (Deposit/Withdraw) for popular funding options, where Trade Nation supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw).

Which brokers offers more tradeable asset classes, FOREX.com or Trade Nation?

FOREX.com offers a more diverse selection of investment options than Trade Nation allowing you to trade Forex Trading (Spot or CFDs), Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD)., neither have Social Trading / Copy Trading Looking at total tradeable symbols, FOREX.com has 5500, compared to 601 from Trade Nation.

Can I trade cryptocurrency with FOREX.com or Trade Nation?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative โ€” including spot forex contracts. In terms of trading physical cryptocurrency neither FOREX.com nor Trade Nation allow you to trade physical cryptocurrencies.

Who offers more research tools, FOREX.com or Trade Nation?

In terms of research and research tools FOREX.com gives traders the following tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Trading Central (Recognia). In comparison Trade Nation has the tools listed here: Stock Charts and Forex News (Top-Tier Sources)., neither have Autochartist and Social Trading / Copy Trading

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