Trade Nation Review
Overall, Trade Nation is considered average risk, with an overall Trust Score of 80 out of 100. Trade Nation is licensed by two Tier-1 Regulators (high trust), one Tier-2 Regulator (average trust), and one Tier-3 Regulator (low trust). Trade Nation is currently not regulated by the CMA of Uganda. Trade Nation is currently not regulated by the CMA of Uganda
- Lesche Duvenage
Jump to:
Regulation and Safety of Funds
Account Types and Features
Account Registration
Trading Platforms
Range of Markets
Fees
Deposits and Withdrawals
Education and Research
Affiliate Program
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.7/5
Min Deposit
USD 0 / 0 Ugandan Shilling
Regulators
FSCA
Trading Desk
–
Crypto
Yes
Total Pairs
33
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Trade Nation Review – 25 key points quick overview:
Trade Nation Overview- Trade Nation At a Glance
- Trade Nation Regulation and Safety of Funds
- Trade Nation Awards and Recognition
- Trade Nation Account Types and Features
- How to open an Account with Trade Nation in Uganda
- Trade Nation VS IC Markets VS FBS – Broker Comparison
- Trade Nation Trading Platforms
- Trade Nation Range of Markets
- Broker Comparison for Range of Markets
- Trade Nation Trading and Non-Trading Fees
- Trade Nation Deposits and Withdrawals
- How to Deposit Funds with Trade Nation
- Trade Nation Fund Withdrawal Process
- Trade Nation Education and Research
- Trade Nation Bonuses and Promotions
- How to open an Affiliate Account with Trade Nation
- Trade Nation Affiliate Program Features
- Trade Nation Customer Support
- Trade Nation Corporate Social Responsibility
- Verdict on Trade Nation
- Trade Nation Current Popularity Trends
- Trade Nation Pros and Cons
- Frequently Asked Questions
- Conclusion
Trade Nation Overview
Trade Nation offers one retail trading account with two live trading options namely a Low Leverage Account and a High Leverage Account.
Trade Nation once went by the name Core Spreads and was a one-person enterprise. Since 2014, it has climbed to the top of the industry for traders who seek to trade without paying huge commissions or fees.
Core Spreads relaunched as Trade Nation in 2019, and although the name is still new, the company is a formidable rival in the FX and CFD trading markets. Trade Nation is the broker for you if you are looking for a firm that goes above and above in terms of customer education.
Trade Nation’s team has invested a substantial amount of time and resources in producing high-quality materials and tools.
Trade Nation Review may include references to the Australian Security and Investment Commission (ASIC), the Financial Conduct Authority (FCA), the Security Commission of the Bahamas (SCB), and the Financial Sector Conduct Authority (FSCA).
Since these high-level authorities regulate Trade Nation, this is regarded as a secure trading site.
This Trade Nation review for Uganda will provide local retail traders with the details that they need to consider whether Trade Nation is suited to their unique trading objectives and needs.
Trade Nation accepts Ugandan clients and has an average fixed spread from 0.4 pips with zero commission fees. Trade Nation has a maximum leverage ratio up to 1:30 (Low Leverage Account) and 1:200 (High Leverage Account) and there is a demo account available, but no Islamic Account.
Trade Nation Proprietary platforms and MetaTrader 4 are supported. Trade Nation is headquartered in London and is regulated by FCA, ASIC, FSCA, and SCB.
Trade Nation Distribution of Traders
Trade Nation currently has the largest market share in these countries:
South Africa – 23%
United Kingdom – 22.1%
Italy – 14.9%
Singapore – 7.3%
Philippines – 6.8%
Popularity among traders who choose Trade Nation
Trade Nation currently does not have an exceptionally large market share in the Ugandan derivatives market. However, Trade Nation is becoming more popular in African countries as a powerful trading platform and broker, placing it in the Top 40 brokers for Ugandan retail traders.
Trade Nation At a Glance
| 🏛 Headquartered | London, United Kingdom |
| 🏙 Local office in Kampala? | No |
| ✅ Accepts Uganda traders? | Yes |
| 🗓 Year Founded | 2014 |
| 📞 Uganda Office Contact Number | None |
| 🤳 Social Media Platforms | • Twitter • YouTube |
| ⚖️ Regulation | FCA, ASIC, FSCA, SCB |
| 🪪 License Number | • United Kingdom – 525164 • Australia – ABN 93 158 065 635, AFSL 422661 • South Africa – 2018/418755/07, FSP 49846 • Bahamas – 203493 B, SIA-F216 |
| ⚖️ CMA Uganda Regulation | No |
| 🚫 Regional Restrictions | The United States |
| ☪️ Islamic Account | No |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 2 |
| 📊 PAMM Accounts | No |
| 🤝 Liquidity Providers | Barclays |
| 💸 Affiliate Program | Yes |
| 📲 Order Execution | Instant, Market |
| 📊 Average spread | From 0.4 pips |
| 📞 Margin Call | 100% |
| 🛑 Stop-Out | 50% |
| ✅ Crypto trading offered? | No |
| 💰 Offers a UGX Account? | No |
| 👨💻 Dedicated Uganda Account Manager? | No |
| 📊 Maximum Leverage | 1:200 |
| 🚫 Leverage Restrictions for Uganda? | No |
| 💰 Minimum Deposit | 0 Ugandan Shilling |
| ✅ Uganda Shilling Deposits Allowed? | No, only GBP, USD, EUR, AUD, ZAR, DKK, NOK, and SEK |
| 📊 Active Uganda Trader Stats | 100,000+ |
| 👥 Active Uganda-based Trade Nation customers | Unknown |
| 💳 Uganda Daily Forex Turnover | Unknown, overall Forex Daily Trading Volume is over $6.6 Trillion |
| 💵 Deposit and Withdrawal Options | • Credit Card • Debit Card • Bank Wire Transfer • Bank Transfers • Skrill |
| 🏦 Segregated Accounts with Uganda Banks? | No |
| 📊 Trading Platforms | • MetaTrader 4, Trade Nation |
| ✔️ Tradable Assets | • Indices • Stocks • Precious Metals • Forex • Commodities • Energies • CFDs |
| 💸 Offers USD/UGX currency pair? | No |
| 📈 USD/UGX Average Spread | N/A |
| 📉 Offers Uganda Stocks and CFDs | None |
| 🗣 Languages supported on Website | English |
| 📞 Customer Support Languages | Multilingual |
| ⏰ Customer Service Hours | 24/5 |
| 👥 Customer Support Languages | No |
| ✅ Bonuses and Promotions for Uganda traders | No |
| 📚 Education for Uganda beginner traders | Yes |
| 📱 Proprietary trading software | Yes |
| 💰 Most Successful Ugandan Trader | Michael Amushelelo (Net Worth Unknown) |
| ✅ Is Trade Nation a safe broker for Ugandan traders? | Yes |
| 📊 Rating for Trade Nation Uganda | 6/10 |
| 🤝 Trust score for Trade Nation Uganda | 79% |
| 👉 Open an account | 👉 Open Account |
Overall Rating
- 4.7/5
Min Deposit
USD 0 / 0 Ugandan Shilling
Regulators
FSCA
Trading Desk
–
Crypto
Yes
Total Pairs
33
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Trade Nation Regulation and Safety of Funds
Trade Nation Regulation in Uganda
While the Capital Markets Authority (CMA) in Uganda does not currently oversee, regulate, or license Trade Nation, the broker has licenses and authorization from four other international regulators, two of which are strict and demanding Tier-1 regulators.
Trade Nation Global Regulations
Trade Nation has a worldwide presence and conducts its business via the following entities:
United Kingdom – Trade Nation is the trading arm of Trade Nation Financial UK Ltd, an organization that is regulated by the Financial Conduct Authority under the number 525164. Trade Nation Financial UK Ltd is a member of the Financial Services Compensation Scheme.
Australia – Trade Nation is the trading arm of Trade Nation Australia Pty Ltd, which is licensed by the Australian Securities and Investment Commission (ASIC) under the ABN 93 158 065 635 and an AFSL license under 422661. Trade Nation is a subsidiary of Trade Nation Australia Pty Ltd.
South Africa Trade Nation Financial (Pty) Ltd is registered in South Africa under the number 2018/418755/07. This registration may be found on the South African Companies Register. In addition, the Financial Sector Conduct Authority (FSCA) has granted Trade Nation Financial (Pty) Ltd regulation and authorization to operate in the capacity of a Financial Service Provider (49846).
Bahamas – Trade Nation Ltd is an entity that is registered in the Bahamas under the number 203493 B, and it is regulated and controlled by the Securities Commission of the Bahamas (SCB) under the license number SIA-F216.
Trade Nation Client Fund Security and Safety Features
Customer money is kept by Barclays Bank in London in separate bank accounts for Trade Nation, while Westpac in Australia holds client funds that are deposited to Trade Nation.
Trade Nation complies with all relevant rules and regulations, especially those concerning the protection of consumer cash. Customers in the United Kingdom have access to investor protection solutions worth up to 85,000 EUR.
Trade Nation Awards and Recognition
Trade Nation is a trusted and verified broker but does not indicate any awards that have been won since the firm’s inception in 2014 as Core Spreads, or from its rebranding in 2019 until recently.
Trade Nation Account Types and Features
Trade Nation only has one retail investor account with two different leverage options:
Low Leverage Account (1:30)
High Leverage Account (1:200)
Traders that register with the FSCA and the SCB are allowed for leverage of up to 1:200. Traders who register with ASIC and FCA, on the other hand, are restricted to leverage of 1:30.
There are no fees or deposits to make after a trader has created an account with Trade Nation. Traders who establish an account with Trade Nation may pick from a range of base currencies as their default, including GBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, and SEK.
To create a live account, no minimum deposit is necessary, and there is no commission cost since it is already included in the fixed spread that is charged by Trade Nation.
Trade Nation Live Trading Account Details
Low Leverage Account
The Low Leverage Account is available to traders who fall under ASIC and FCA regulations, and who are subsequently restricted to leverage up to 1:30, as per regulations.
Some of the common features of a Low Leverage Trade Nation Account are as follows:
US 500 – 5%
Gold – 5%
UK100 – from 20%
EUR/USD – 3.33%
Crude Oil – 10%
US Tech 100 – 5%
High Leverage Account
This account’s main feature is that it offers a higher leverage ratio. This account is only available to traders who register through FSCA or SCB regulations because these market regulators are not as strict as FCA or ASIC.
Higher leverage involves increased risks and therefore this account is more suited to traders who have some experience in the financial markets.
Some typical margin requirements on the High Leverage Account are as follows:
US 500 – 0.5%
Gold – 0.5%
UK100 – from 5%
EUR/USD – 0.5%
Crude Oil – 3%
US Tech 100 – 0.5%
Trade Nation Base Account Currencies
Trade Nation does not let Ugandan traders open a live trading account in UGX, but it does provide live trading accounts in a variety of other currencies, including GBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, and SEK.
Because of this, Ugandan traders who have bank accounts denominated in UGX and who make deposits using local currency may be subject to currency conversion fees for deposits or withdrawals made in Ugandan Shillings.
This contributes to an increase in the overall costs associated with trading and may have an impact on profitability.
Trade Nation Demo Account
Trade Nation provides a free demo account for Uganda traders to experiment with. You may use the demo account to test your trading techniques and get acquainted with the broker’s trading platform, goods, and services.
You can learn what each step entails and what the unfamiliar phrases and ideas mean using the Trade Nation simulator, allowing you to confidently conduct actual deals. You do not have to be a Trade Nation client to use the Trading Simulator, and you do not need a login.
Trade Nation Islamic Account
Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.
This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.
Trade Nation does not cater to Muslim traders and does not offer halal trading conditions or an Islamic Account that exempts Muslims from overnight interests or fees. This means that traders must ensure that they close their positions at the end of every trading day to avoid being subject to these fees.
How to open an Account with Trade Nation in Uganda
To register an account with Trade Nation, Uganda traders can follow these steps:
Traders who are interested in opening an account with Trade Nation can do so by going to the official website of the broker and clicking on the link “Join Us.”
To register their businesses, Uganda traders will be given a straightforward form to fill out in this section.
Traders are required to authenticate their email address before moving forward with their application by following the steps provided in the email that they received.
Traders who have finished the account application procedure and are moving on to the next step are required to provide evidence showing both their identification and where they now live.
After the legitimacy of the Uganda traders’ account information and paperwork has been validated, they will be allowed to start trading.
Trade Nation VS IC Markets VS FBS – Broker Comparison
| Trade Nation | IC Markets | FBS | |
| ⚖️ Regulation | FCA, ASIC, FSCA, SCB | ASIC, CySEC, FSA, SCB | IFSC, CySEC |
| 📱 Trading Platform | • MetaTrader 4 • MetaTrader 5 | • MetaTrader 4 • MetaTrader 5 • cTrader | • MetaTrader 4 • MetaTrader 5 • FBS Trader • CopyTrade |
| 💰 Withdrawal Fee | No | None | Yes |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | 0 UGX | 786,140 UGX | 3,754 UGX |
| 📈 Leverage | 1:30/1:200 | 1:500 | Up to 1:3000 |
| 📊 Spread | Fixed, from 0.4 pips | From 0.0 pips | From 0.0 pips |
| 💰 Commissions | None | From $3 to $3.5 | From $6 |
| ✴️ Margin Call/Stop-Out | 100%/50% | 100%/50% | 40% and 20% |
| ✴️ Order Execution | Instant, Market | Market | STP, ECN |
| 💳 No-Deposit Bonus | No | No | Yes |
| 📊 Cent Accounts | No | No | Yes |
| 📈 Account Types | • High leverage • Low Leverage | • cTrader Account • Raw Spread Account • Standard Account | • FBS Cent Account • FBS Micro Account • FBS Standard Account • FBS Zero Account • FBS ECN Account • FBS Crypto Account |
| ⚖️ CMA Regulation | No | No | No |
| 💳 UGX Deposits | No | No | Yes |
| 📊 UGX Account | No | No | No |
| 👥 Customer Service Hours | 24/5 | 24/7 | 24/7 |
| 📊 Retail Investor Accounts | 2 | 3 | 6 |
| ☪️ Islamic Account | No | Yes | Yes |
| 💵 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 📈 Maximum Trade Size | 50 lots | Unlimited | 500 lots |
Overall Rating
- 4.7/5
Min Deposit
USD 0 / 0 Ugandan Shilling
Regulators
FSCA
Trading Desk
–
Crypto
Yes
Total Pairs
33
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Trade Nation Trading Platforms
Trade Nation offers Ugandan traders a choice between these trading platforms:
MetaTrader 4
Trade Nation
Desktop Platforms
MetaTrader 4
The popular MetaTrader 4 (MT4) platform is also available from the broker. MT4 is a sophisticated but easy-to-use trading platform that is utilized by millions of CFD and FX traders all over the world.
The MT4 platform comes with several built-in tools that may be used to undertake in-depth market analysis and complicated trading.
It features a wide range of chart types and timeframes, as well as support for a variety of order types. In addition, MetaTrader 4 also supports automated trading through expert advisors (EAs) and Namibians can also use one-click trading and the ability to trade directly from the charts.
WebTrader Platforms
MetaTrader 4
Trade Nation
MetaTrader 4
The MT4 platform can handle even the most demanding trades and is accessible from a variety of platforms, including most web browsers on desktops, tablets, iPads, smartphones, and other internet-connected devices.
There are so many tools to choose from that most traders hardly ever scratch the surface, with more being added frequently. In addition, traders can also find unique tools and add-ons on the built-in marketplace, and you can even create your own using the MQL editor.
Trade Nation
Trade Nation also offers you the Trade Nation trading platform, which is a proprietary platform that allows you to access the financial markets in a user-friendly manner. The platform assists you in focusing on the most crucial aspects of your life to maximize your potential.
More advanced Uganda traders will also appreciate how the Trade Nation platform provides extensive charting capabilities while maintaining a clean user experience.
12 interactive graph kinds, sketching tools, and the option to change timelines from one minute to one month are some of the platform’s other highlights. In addition, you can easily minimize your losses by establishing orders that guarantee that deals that exceed your risk appetite are immediately exited.
Trading App
MetaTrader 4
Trade Nation
MetaTrader 4
Trade Nation allows the use of MetaTrader 4 on iOS and Android smartphones in addition to the robust trading platforms given by MetaTrader 4 online and desktop editions, giving Uganda traders the freedom they need to trade and manage their trading accounts while on the go.
Trade Nation
You can also get the Trade Nation mobile app, which is available for Android and iOS. This is beneficial for those of you who want to trade on the move using your mobile phone.
The mobile app enables you to keep track of your positions, and what is going on in the markets at any given time. You can also configure price alert alerts, so you do not need to spend all day staring at charts waiting for your price level.
Trade Nation Range of Markets
Uganda traders can expect the following range of markets from Trade Nation:
Indices
Stocks
Precious Metals
Forex
Commodities
Energies
CFD
Broker Comparison for Range of Markets
| Trade Nation | IC Markets | FBS | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | Yes | Yes | Yes |
| ➡️️ ETFs | No | No | No |
| ➡️️ CFDs | Yes | Yes | Yes |
| ➡️️ Indices | Yes | Yes | Yes |
| ➡️️ Stocks | Yes | Yes | Yes |
| ➡️️ Cryptocurrency | No | Yes | Yes |
| ➡️️ Options | No | No | No |
| ➡️️ Energies | Yes | Yes | Yes |
| ➡️️ Bonds | No | No | No |
Overall Rating
- 4.7/5
Min Deposit
USD 0 / 0 Ugandan Shilling
Regulators
FSCA
Trading Desk
–
Crypto
Yes
Total Pairs
33
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Trade Nation Trading and Non-Trading Fees
Spreads
Trade Nation charges a fixed spread that does not change with market conditions, letting traders know precisely how much money they will make at any given moment. Trade Nation’s spread costs include:
Wall Street 30 – 1 pip
US 500 – 0.14 pips
Gold – 0.4 pips
UK100 – 0.4 pips
EUR/USD – 0.6 pips
GBP/USD – 0.8 pips
Crude Oil – 3 pips
USD/JPY – 0.7 pips
Germany 40 – 0.9 pips
US Tech 100 – 0.8 pips
Commissions
Trade Nation charges fixed spreads on trades according to certain trading times during the day. There are no commission fees charged to cover Trade Nation’s fees for facilitating the trade and instead, this fee is included in the spreads that are charged.
Overnight Fees, Rollovers, or Swaps
The broker utilizes the interbank rate for the financial instrument being exchanged for one month to estimate the overnight expenses imposed by Trade Nation. Trade Nation adds a 2.5% and 1.25% premium to the trader’s long position to determine the 1-Month London Interbank Offer Rate (LIBOR).
A portion of the trading account will be removed when the 1-month interbank rate falls below 2.5%. This means Trade Nation will deduct 2.5% from the 1-month interbank rate, bringing it down to 1.5%.
Deposit and Withdrawal Fees
Trade Nation does not charge any fees on payment methods used by Uganda traders for either deposits or withdrawals. However, fees from banking institutions may apply and traders will be responsible for paying these.
Inactivity Fees
Trade Nation does not charge any inactivity fees on dormant or inactive accounts.
Currency Conversion Fees
Ugandan traders who deposit or withdraw in UGX may be subject to currency translation costs since Trade Nation only supports GBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, and SEK as the base currencies for a live trading account.
Trade Nation Deposits and Withdrawals
Trade Nation offers the following deposit and withdrawal methods:
Credit Card
Debit Card
Bank Wire Transfer
Bank Transfers
Skrill
How to Deposit Funds with Trade Nation
To deposit funds to an account with Trade Nation, Uganda traders can follow these steps:
Traders must use the credentials they registered to access their accounts.
Traders may deposit money directly from their account panel.
Traders must carefully choose their deposit method since their withdrawals will be handled using the same technique.
After choosing a payment method, traders may choose their deposit currency and the amount they want to deposit.
Depending on the payment type, traders may be required to complete extra steps or instructions before completing the deposit instruction.
Trade Nation Fund Withdrawal Process
To withdraw funds from an account with Trade Nation, Uganda traders can follow these steps:
Traders can withdraw their funds by logging into their Trade Nation account and selecting the option for “Withdrawals.”
Before withdrawing, traders must ensure that they have enough funds in their account, considering open positions and margin requirements. If there are insufficient funds, the withdrawal request will be cancelled automatically.
Before submitting the withdrawal request, traders must choose the payment method they used when they deposited money, enter the withdrawal amount, and confirm the withdrawal.
The withdrawal request will be processed by Trade Nation during business hours, usually within 24 hours, and the money will be paid to the trader.
Traders must make certain that the name under which they hold an account matches the name under which they registered for a trading account.
Traders must also keep in mind that different payment methods take different amounts of time to complete. While some withdrawal methods are rapid, some take a few days to appear in the trader’s bank account.
Trade Nation Education and Research
Education
Trade Nation’s website provides educational tools and resources to help traders enhance their skills and expertise.
Traders who wish to learn more about the markets and trading may use a variety of instructional tools and websites. Trade Nation has created a video to help traders get started with MetaTrader 4. It leads them through the process of linking their MetaTrader 4 account.
CFD trading, FX, spread, and signals are all covered in-depth in Trade Nation’s “trade explained” section. Beginner tips and a trading simulator are also provided to assist new investors in making educated investment decisions.
Trade Nation offers the following Educational Materials:
Learning Articles
Tutorials
Trading Guides
FAQ Section
Demonstration Videos
Trade Nation also offers Uganda traders the following additional Research and Trading Tools:
News and Analysis
Experts’ Explanations
Trading Signals
Smart News
Trade Nation Bonuses and Promotions
Trade Nation offers Uganda traders the following bonuses and promotions:
Trade Nation Loyalty Scheme
The Trade Nation Loyalty scheme is geared towards high-volume traders and loyal customers. Traders earn points for every trade that they execute, and this could help them earn a cash rebate of up to 20%.
New traders who register an account for the first time receive 1,000 points to get them started. For every 1 USD traded, traders can earn 1 point. Once the calendar month ends, the points will be added up and the total will determine the rebate that traders will receive.
The points and percentage rebates that traders could earn are as follows:
10,000 points and more – 20% rebate
5,000 to 9,999 points – 15% rebate
2,500 to 4,999 points – 10% rebate
500 to 2,499 points – 5% rebate
400 to 499 points – 4% rebate
300 to 399 points – 3% rebate
200 to 299 points – 2% rebate
How to open an Affiliate Account with Trade Nation
To register an Affiliate Account, Uganda can follow these steps:
Prospective Affiliates can navigate to the homepage of Trade Nation.
From here, hover over the “About Us” tab at the top of the homepage and navigate to “Partner With Us.”
Once this option has been chosen, a new page will load, showing comprehensive information on the Trade Nation partnership.
Once you have read through the information and you have decided to become an affiliate, you can click “Sign Up Now” anywhere on the page to get started.
A signup page will load, and you can create your affiliate account by completing the required fields. This will require a username, your personal details, contact information, country of residence, and company details.
Before you apply, make sure to read the Trade Nation Terms and Conditions.
After clicking on “Register” your information will be captured and you will receive a notification email soon to confirm your email address, and to proceed with the rest of the application.
Once complete, your application will be reviewed and once approved, you can make use of Trade Nation’s comprehensive affiliate materials, support, and all other features that form part of the affiliate program.
Trade Nation Affiliate Program Features
Trade Nation’s mission is to make the trading industry more transparent and fairer for all traders. Trade Nation is one of the top FX brokers in terms of dependability and user-friendliness.
Partner users get access to hundreds of well-known markets, as well as many trading platforms and a personalized account homepage. Trade Nation also offers a specialized customer support staff, low spreads, and a slew of additional benefits.
Trade Nation offers a revenue-sharing plan, a cost-per-acquisition (CPA) plan that pays a fixed price for each new customer referred, and a hybrid plan that incorporates the best benefits of both.
Trade Nation Customer Support
Trade Nation offers customer support 24 hours a day, 5 days a week through several communication channels. While support is only offered in English, customer agents are quick to respond and offer informative answers to any queries that traders may have.
Trade Nation Corporate Social Responsibility
There is currently no information available on the Corporate Social Responsibility initiatives or projects that Trade Nation is involved in.
Verdict on Trade Nation
Wall Street Online, Finanznachrichten, Business Insider, and City A.M. have all profiled Trade Nation, a multi-regulated market-maker. Low fixed spreads, a simplified platform, and risk management tools are all available via Trade Nation.
Even though it does not trade in cryptocurrencies and does not welcome US traders, the advantages outweigh the disadvantages. For traders looking for something a bit different, Trade Nation is a good option.
Trade Nation stands out from the rest because it relies on “exclusive” data sources to provide different perspectives.
This broker will appeal to those who value a basic, simplified platform. Customer assistance (which is particularly important for new traders) is available 24 hours a day, five days a week, so both new and seasoned traders will enjoy what Trade Nation has to offer.
The Beginner Guides supplied by Trade Nation are another tool aimed to attract new traders. Trade Nation prides itself on its openness, with guidance after guide explaining how brokerage fees operate and why fixed spreads are used.
When a financial company or broker, including Trade Nation, tries to prioritize ethics, it can be considered a positive indicator of a trustworthy brokerage firm.
Trade Nation Current Popularity Trends
👉 According to Google Trends, Trade Nation has seen an increase in Google Searches in the past month.
Trade Nation Pros and Cons
| ✔️ Pros | ❌ Cons |
| Trade Nation adopts a transparent policy regarding fees | Trade Nation does not currently offer cryptocurrency trading |
| There is a proprietary trading platform offered for web and mobile use | Trade Nation does not offer FIX API to Ugandans |
| Trade Nation offers MetaTrader 4 on desktop, web, and mobile devices | There is no UGX-denominated account |
| There are fixed spreads, making it easier for traders to calculate their trading costs | Trade Nation does not have an Islamic Account |
| Trade Nation offers Smart News to help inspire trading ideas | |
| Trade Nation does not charge any fees on deposits or withdrawals | |
| Trade Nation is extremely well-regulated by four known and trusted entities | |
| Ugandan traders can earn rebates up to 20% depending on their monthly trading volumes |
Overall Rating
- 4.7/5
Min Deposit
USD 0 / 0 Ugandan Shilling
Regulators
FSCA
Trading Desk
–
Crypto
Yes
Total Pairs
33
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Frequently Asked Questions
Does Trade Nation have MetaTrader 5?
No, Trade Nation currently does not offer MetaTrader 5, but only MetaTrader 4 and a proprietary web and mobile platform.
What is the minimum deposit for Trade Nation?
Trade Nation does not need a set minimum deposit but allows for traders to invest any given amount with which they are comfortable.
Is Trade Nation regulated?
Yes, Trade Nation is well regulated by the following market regulators in the United Kingdom, Australia, South Africa, and the Bahamas:
- Financial Conduct Authority (FCA)
- Australian Securities and Investment Commission (ASIC)
- Financial Sector Conduct Authority (FSCA)
- Securities Commission of Bahamas (SCB)
What is the withdrawal time for Trade Nation?
The withdrawal time that you can expect with Trade Nation is 1 business day on debit/credit cards and Skrill. However, other payments such as Bank transfers and Bank wire can take up to 5 business days to clear.
Does Trade Nation have Nasdaq?
Yes, Trade Nation offers Nasdaq.
Does Trade Nation have a demo account?
Yes, Trade Nation offers a demo account and access to a trading simulator.
Can I trade stocks with Trade Nation?
Yes, you can trade more than 2,000 Share CFDs that can be traded.
Does Trade Nation have Volatility 75?
No, Trade Nation does not offer Ugandan traders access to Volatility 75, or VIX.
Is Trade Nation safe or a scam?
Trade Nation is a verified broker that has a decent trust score, strict regulation, and investor protection, among several other safety and risk management protocols.
Conclusion
Now it is your turn to participate:
Do you have any prior experience with Trade Nation?
What was the determining factor in your decision to engage with Trade Nation?
Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?
Have you experienced any issues with Trade Nation such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?
Regardless, please share your thoughts in the comments below.
Addendum/Disclosure:
No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.
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