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CMC Markets vs Trade Nation 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of CMC Markets vs Trade Nation, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

CMC Markets
5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 99
  • Tradeable Symbols (Total): 11925
Trade Nation
4/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 85
  • Tradeable Symbols (Total): 1000

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% 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.

Regulation

CMC Markets, established in 1989, and Trade Nation, founded in 2014, are two online brokers with different profiles. CMC Markets is publicly traded, unlike Trade Nation, and holds a prestigious position in the financial industry with a perfect Trust Score of 99 from ForexBrokers.com. Known for its credibility, CMC Markets is equipped with five Tier-1 licenses, indicating a high level of trust and safety, along with one Tier-2 license.

On the other hand, Trade Nation, while not publicly traded, still maintains a solid Trust Score of 85, representing a trusted reputation. Providing reliable services, Trade Nation holds two Tier-1 licenses and one Tier-2 license. Though newer and with fewer high-level licenses compared to CMC Markets, it remains a respected choice among traders looking for a dependable online trading platform.

Feature CMC Markets logoCMC Markets
Trade Nation logoTrade Nation
Year Founded info 1989 2014
Publicly Traded (Listed) info Yes No
Bank info No No
Tier-1 Licenses info 5 2
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 2

Fees

When comparing online brokers, CMC Markets and Trade Nation both excel in the realm of commissions and fees, each receiving a 5-star rating. CMC Markets proudly clinched the top spot in the Commissions and Fees category in ForexBrokers.com's 2025 Annual Awards. It stands out for consistently offering low spread pricing across all customer segments. With average spreads of 0.61 pips on the EUR/USD, CMC Markets remains competitive. Their innovative Price Plus Scheme provides active traders with tiered discounts based on collected Trading Points, which are earned by trading large volumes. Additionally, the broker's FX Active pricing model, which charges a $2.50 commission per side, presents a cost-effective option with very low spreads.

Trade Nation, ranking #7 out of 62 brokers for commissions and fees, also offers compelling pricing models. This broker features fixed-spread pricing on its proprietary platform, ensuring transparency and simplicity for traders. Fixed spreads for the popular EUR/USD pair start at 0.6 pips; however, spreads may temporarily widen to 1.4 pips during a daily rollover period. Trade Nation provides three main account types, including a commission-free and a Raw Spread MetaTrader account, which carries a $3.50 commission per side. Their TN Trader account typically offers the lowest spreads among its offerings when factoring all-in costs.

Both CMC Markets and Trade Nation present strong options for traders seeking low trading costs and competitive spreads. While CMC Markets leads with innovative pricing structures and additional discounts for active traders, Trade Nation's fixed spread model appeals to those seeking straightforward pricing. Each broker's unique approach allows traders to find a suitable match based on their trading style and preferences.

Feature CMC Markets logoCMC Markets
Trade Nation logoTrade Nation
Minimum Deposit info $0 $0
Average Spread EUR/USD - Standard info 0.61 info 0.6
All-in Cost EUR/USD - Active info 0.51 info 0.6
Active Trader or VIP Discounts info Yes No
ACH or SEPA Transfers info Yes No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When comparing the range of investments available at CMC Markets and Trade Nation, notable differences come to light. CMC Markets stands out with a massive selection of 11,925 tradeable symbols, offering significantly more options than Trade Nation's 1,000. For forex traders, CMC Markets provides 156 pairs to choose from, compared to Trade Nation's 46 pairs. Additionally, CMC Markets offers access to exchange-traded securities on both U.S. and international exchanges, a feature that Trade Nation does not provide. Both brokers, however, allow clients to trade forex as CFDs and offer cryptocurrency derivatives, though neither supports the direct purchase of actual cryptocurrencies.

Copy trading is available through both brokers, allowing users to mirror the strategies of more experienced traders. Despite these shared features, CMC Markets is rated higher with a five-star ranking for its comprehensive range of investments, placing it at number nine out of 62 brokers on ForexBrokers.com. In contrast, Trade Nation earns 3.5 stars, ranking at number 38. This indicates that CMC Markets may be a more appealing choice for investors seeking a broader selection of trading opportunities and direct access to global markets.

Feature CMC Markets logoCMC Markets
Trade Nation logoTrade Nation
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 11925 1000
Forex Pairs (Total) info 156 46
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

When comparing CMC Markets and Trade Nation, both brokers offer robust trading platforms and tools, yet each has unique features that cater to different types of traders. CMC Markets provides a comprehensive suite of offerings with its in-house developed platform, desktop, and web-based options. They also support popular trading software like MetaTrader 4 and MetaTrader 5, whereas Trade Nation only offers MetaTrader 4. Both brokers provide virtual demo accounts for simulated trading, making it easy for users to practice their strategies. Additionally, CMC Markets supports copy trading, offering a streamlined way for novice traders to follow more experienced ones. Trade execution directly from stock charts is a feature available with CMC Markets, adding to the ease of use that many traders appreciate.

Trade Nation, meanwhile, holds a strong standing with its proprietary platform available both on desktop and web, catering well to traders who prefer a consistent interface regardless of the device. While Trade Nation may lack some of the advanced features like MetaTrader 5 and direct chart trading that CMC Markets offers, it compensates with comprehensive watch list capabilities, providing 14 customizable columns compared to CMC Markets' 11. When it comes to charting tools, CMC Markets leads slightly with 40 drawing tools compared to Trade Nation's 39. Ranked 4th overall in trading platforms and tools by ForexBrokers.com, CMC Markets sets a high bar with a 5-star rating, while Trade Nation follows with a respectable 44th place and a 4-star rating. Each platform offers a unique blend of features, making them strong contenders for traders based on individual needs and preferences.

Feature CMC Markets logoCMC Markets
Trade Nation logoTrade Nation
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes No
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 79 115
Charting - Drawing Tools (Total) info 40 39
Charting - Trade From Chart info Yes No
Watchlists - Total Fields info 11 14
View More

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

When comparing CMC Markets and Trade Nation's mobile trading apps, both offer comprehensive features for traders using either iPhone or Android devices. They provide essential functionalities, such as stock and forex price alerts and watchlist syncing, allowing seamless updates between mobile and online accounts. Both apps enable traders to view charts in various time frames and draw trendlines, while auto-saving those drawings for future reference. Notably, CMC Markets and Trade Nation also let users create watchlists with real-time quotes, offering convenience and flexibility for active traders.

However, there are distinctions worth noting. While CMC Markets provides 29 technical studies for charting, Trade Nation goes further by offering 99, appealing to those who prefer more in-depth technical analysis. Regarding their overall ratings, CMC Markets scores a high 5 stars for mobile trading apps, and ranks 5th out of 62 brokers at ForexBrokers.com, indicating a strong user experience and satisfaction. In contrast, Trade Nation is rated 4 stars and is ranked 45th, suggesting room for improvement compared to the leaders in the field. Overall, while both apps are solid choices, CMC Markets may edge out in user ratings and ranks, providing slightly more refined offerings for traders seeking mobile solutions.

Feature CMC Markets logoCMC Markets
Trade Nation logoTrade Nation
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes Yes
Mobile Charting - Indicators / Studies info 29 99
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

Both CMC Markets and Trade Nation cater to traders who value daily market commentary and up-to-date forex news from respected sources like Bloomberg and Reuters. However, CMC Markets takes a more comprehensive approach to market research by offering a variety of tools that include technical analysis options like Autochartist, which is not available with Trade Nation. While both platforms provide sentiment-based trading tools that reveal the ratio of long or short positions across currency pairs, CMC Markets further enriches their research offerings with an economic calendar displaying global news events, something Trade Nation lacks.

Although Trade Nation does stand out with tools from Acuity Trading, a feature absent in CMC Markets, it falls short in the overall research experience. This difference is reflected in their respective ratings and rankings, with CMC Markets earning a commendable 5-star rating for research and securing the 6th position out of 62 brokers evaluated by ForexBrokers.com. In contrast, Trade Nation receives a 3.5-star rating and places at #42 in the same ranking. These distinctions significantly influence the research experience for traders depending on the level of market insights they seek.

Feature CMC Markets logoCMC Markets
Trade Nation logoTrade Nation
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info No No
Social Sentiment - Currency Pairs info Yes Yes
TipRanks info No No
Signal Centre (Acuity Trading) info No Yes
Economic Calendar info Yes No

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When comparing the educational resources offered by CMC Markets and Trade Nation, both online brokers provide a range of materials aimed at beginners interested in forex and CFDs. They each offer more than 10 educational pieces, ensuring that new traders have access to valuable introductory content through various formats such as articles, videos, and webinars. However, CMC Markets slightly edges out Trade Nation with its searchable archive of recorded client webinars, a feature that Trade Nation does not provide. This archive can be an invaluable resource for beginners looking to revisit or catch up on missed sessions.

Both brokers cater to a spectrum of trading expertise, providing at least 10 beginner and 10 advanced educational videos. Each also includes a dictionary section with definitions for over 50 investing terms, essential for those new to the investment world. Despite these similarities, CMC Markets enjoys a higher education rating of 5 stars compared to Trade Nation's 3.5 stars, and holds a more favorable placement at #10 versus Trade Nation's #41 in the education category rankings on ForexBrokers.com. This reflects CMC Markets' superior educational offerings, making it a more attractive choice for those prioritizing learning resources in their trading journey.

Feature CMC Markets logoCMC Markets
Trade Nation logoTrade Nation
Education (Forex or CFDs) info Yes Yes
Client Webinars info No No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 62 of the best forex brokers, our research and account testing finds that CMC Markets is better than Trade Nation. CMC Markets finished with an overall rank of #4, while Trade Nation finished with an overall rank of #34.

CMC Markets is well-trusted across the globe, and delivers a terrific trading experience thanks to its excellent pricing and selection of over 12,000 tradeable instruments.

Feature CMC Markets logoCMC Markets
Trade Nation logoTrade Nation
Overall Rating info 5/5 Stars 4/5 Stars
Trust Score info 99 85
Range of Investments 5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 5/5 Stars
Platform & Tools 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Education 4.5/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with CMC Markets or Trade Nation?

Both CMC Markets and Trade Nation do not offer the option to buy actual (delivered) cryptocurrency; however, they both provide the ability to purchase cryptocurrency derivatives for traders interested in speculative investments.

What funding options does each broker offer?

In comparing CMC Markets and Trade Nation, CMC Markets offers a variety of deposit and withdrawal methods including ACH/SEPA transfers, PayPal, Visa/Mastercard, and bank wires, while Trade Nation provides options for Visa/Mastercard, Skrill, and bank wires, but lacks ACH/SEPA transfers and PayPal options.




announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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Compare

0 of 5
Overall Rating CMC Markets Trade Nation
Overall Rating info 5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 5/5 Stars
Range of Investments 5/5 Stars 3.5/5 Stars
Platform & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 99 85
Winner check_circle
Review CMC Markets Review Trade Nation Review
Broker Screenshots CMC Markets Trade Nation
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation CMC Markets Trade Nation
Trust Score info 99 85
Year Founded info 1989 2014
Publicly Traded (Listed) info Yes No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 5 2
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 2
Tier-1 Licenses (Highly Trusted) CMC Markets Trade Nation
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info Yes No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses (Trusted) CMC Markets Trade Nation
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA/Central Bank Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments CMC Markets Trade Nation
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 11925 1000
Forex Pairs (Total) info 156 46
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
Cost CMC Markets Trade Nation
Average Spread EUR/USD - Standard info 0.61 info 0.6
All-in Cost EUR/USD - Active info 0.51 info 0.6
Active Trader or VIP Discounts info Yes No
Inactivity Fee info Yes No
Execution: Agency Broker info No No
Execution: Market Maker info Yes Yes
Funding CMC Markets Trade Nation
Minimum Deposit info $0 $0
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes No
Trading Platforms CMC Markets Trade Nation
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes No
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools CMC Markets Trade Nation
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 11 14
Charting - Indicators / Studies (Total) info 79 115
Charting - Drawing Tools (Total) info 40 39
Charting - Trade From Chart info Yes No
Charts can be saved info Yes No
Mobile Trading CMC Markets Trade Nation
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes Yes
Mobile Charting - Indicators / Studies info 29 99
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes No
Research CMC Markets Trade Nation
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info No No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes No
Education CMC Markets Trade Nation
Education (Forex or CFDs) info Yes Yes
Client Webinars info No No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs CMC Markets Trade Nation
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review CMC Markets Review Trade Nation Review
Overall CMC Markets Trade Nation
Overall Rating info 5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 5/5 Stars
Range of Investments 5/5 Stars 3.5/5 Stars
Platform & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 99 85
Winner check_circle
Review CMC Markets Review Trade Nation Review
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