Written by ForexBrokers.com
In this head to head comparison of eToro vs Trade Nation, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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.
eToro, founded in 2007, is a well-known platform praised for its trustworthiness, boasting a high Trust Score of 93 out of 99 according to ratings by ForexBrokers.com. This positions eToro in the highly trusted category, thanks in part to its possession of three Tier-1 licenses. Although eToro is not publicly traded or a bank, its regulatory standing suggests a secure environment for traders seeking reliability and confidence in their online investment activities.
Trade Nation, established in 2014, offers a competitive level of trust with a Trust Score of 85, marking it as a trusted broker under ForexBrokers.com's rankings. The platform holds two Tier-1 licenses, indicating a solid foundation of security and trust for its users. Similar to eToro, Trade Nation is neither publicly traded nor a banking entity. Nonetheless, it effectively meets the needs of traders who prioritize a trusted and regulated online trading experience.
| Feature |
eToro
|
Trade Nation
|
|---|---|---|
| Year Founded | 2007 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing online brokers eToro and Trade Nation, their approaches to commissions and fees offer distinct contrasts tailored to different trading styles. eToro is known for its market-maker model with a variable spread starting at 1 pip for the EUR/USD pair. Although this spread is slightly above the industry average, retail traders often prioritize eToro for its unique social copy trading platform, rather than its lower trading fees. eToro also provides VIP club memberships, ranging from Silver to Diamond, for balances between $5,000 to $250,000. These tiers come with various perks, such as access to Trading Central, discounts on withdrawal and deposit fees, and dedicated account managers.
Trade Nation, on the other hand, emphasizes competitive fixed-spread pricing across different symbols available on its proprietary platform, as well as offering variable spreads on its MetaTrader platform. Its fixed spread for the EUR/USD pair is 0.6 pips, though spreads can widen to 1.4 pips during a one-hour daily rollover period. This strategy allows for a stable pricing model that traders might find appealing. Trade Nation offers three types of accounts: two are MetaTrader-based, with options for commission-based Raw Spread accounts and commission-free accounts, while the third is the TN Trader account that seems to provide the lowest spreads when considering all-in costs.
In terms of overall ratings for commissions and fees, Trade Nation outshines eToro, earning a perfect 5-star rating, while eToro holds a 4.5-star rating. According to ForexBrokers.com, within a field of 62 brokers, Trade Nation secures the #7 spot for its fees, whereas eToro holds the #22 position. This difference highlights Trade Nation's strength in offering competitive and transparent pricing strategies that appeal to traders looking for cost-efficient trading conditions.
| Feature |
eToro
|
Trade Nation
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $0 |
| Average Spread EUR/USD - Standard | 1 | 0.6 |
| All-in Cost EUR/USD - Active | N/A | 0.6 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
eToro and Trade Nation both offer forex trading as CFDs, but the former provides a broader selection of tradeable options. With eToro, you have access to 5461 tradeable symbols and 55 forex pairs. In comparison, Trade Nation offers 1000 tradeable symbols and 46 forex pairs. If you're interested in buying stocks directly, eToro allows you to purchase exchange-traded securities from both U.S. and international exchanges, such as Apple and Vodafone. On the other hand, Trade Nation does not provide this option. Both platforms support copy trading, making it easier for beginners to follow more experienced traders' strategies.
When it comes to cryptocurrency, eToro stands out by offering the ability to purchase actual cryptocurrencies and derivatives, whereas Trade Nation only allows you to trade cryptocurrency derivatives. This wider range of investment options contributes to eToro's 5-star rating for Range of Investments, as compared to Trade Nation's 3.5-star rating. In the ForexBrokers.com rankings, eToro is placed #10 among 62 brokers for its investment offerings, while Trade Nation comes in at #38, highlighting eToro's more extensive capabilities for versatile trading strategies.
| Feature |
eToro
|
Trade Nation
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 1000 |
| Forex Pairs (Total) | 55 | 46 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | 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.
eToro and Trade Nation both offer traders a comprehensive trading experience with proprietary platforms developed in-house, ensuring a user-friendly interface tailored to their clients. Both brokers provide simulated trading through free virtual demo accounts, allowing users to practice their skills risk-free. While eToro excels with its web-based trading platform but lacks a Windows desktop option, Trade Nation offers both a web-based interface and a desktop download for Windows users, catering to various preferences. In terms of third-party software, only Trade Nation provides MetaTrader 4 (MT4), appealing to traders familiar with this popular platform. However, neither broker features advanced platforms like DupliTrade or ZuluTrade. A significant advantage of eToro is its high rating of 4.5 stars for Trading Platforms and Tools, compared to Trade Nation's 4 stars, with eToro ranked 8th out of 62 brokers by ForexBrokers.com.
When it comes to charting capabilities, eToro stands out with 161 drawing tools, vastly surpassing Trade Nation's 39, which is ideal for technical analysis enthusiasts. However, Trade Nation compensates with a broader selection of 14 columns for watch lists, offering greater customization options for monitoring preferred assets. Neither platform supports trading directly from a stock chart. For those interested in social features, both brokers offer copy trading, enabling users to mimic experienced traders' strategies. Ultimately, eToro's competitive rating and higher ranking underscore its strong proposition for traders seeking a versatile and efficient online trading platform, whereas Trade Nation's offerings cater to those valuing desktop accessibility and the inclusion of MT4.
| Feature |
eToro
|
Trade Nation
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 104 | 115 |
| Charting - Drawing Tools (Total) | 161 | 39 |
| Charting - Trade From Chart | No | No |
| Watchlists - Total Fields | 6 | 14 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
eToro and Trade Nation both offer mobile apps for trading, available on iPhone and Android devices, catering to traders on the go. Both platforms enable users to receive price alerts and synchronize watchlists seamlessly between mobile and online accounts. eToro edges out with a comprehensive selection of 104 technical studies for charting, compared to Trade Nation's 99. However, while Trade Nation allows users to draw trendlines and auto-save drawings, eToro doesn't offer these features.
Both mobile apps enable traders to view multiple timeframes and create watchlists with real-time quotes, enhancing trading flexibility. With a 4.5-star rating, eToro is ranked 10th among 62 brokers by ForexBrokers.com, reflecting its quality and user satisfaction. Meanwhile, Trade Nation, with a 4-star rating, is positioned at 45th. Overall, while both apps deliver on essential features, eToro tends to offer a more advanced charting experience and higher user satisfaction.
| Feature |
eToro
|
Trade Nation
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 104 | 99 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing eToro and Trade Nation for market research features, both brokers provide daily market commentary and sentiment-based trading tools. However, eToro stands out with its comprehensive offerings, including market research from TipRanks, technical analysis tools from Trading Central, and an economic calendar for tracking global news events. On the other hand, Trade Nation delivers forex news from prestigious sources such as Bloomberg and Reuters, and provides research tools from Acuity Trading. Although both platforms have unique strengths, eToro's wide range of research resources earns it a Research rating of 4.5 stars, compared to Trade Nation's 3.5 stars.
According to ForexBrokers.com, eToro secures a commendable 13th position out of 62 brokers in the Research category, underlining its superior offerings in delivering market insights. In contrast, Trade Nation ranks 42nd, reflecting a more modest research capacity. While both brokers cater to users seeking insightful market data, eToro offers a more diverse array of tools and resources, providing a richer context for informed decision-making in trading.
| Feature |
eToro
|
Trade Nation
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | No |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both eToro and Trade Nation provide a variety of materials, including articles and videos primarily focused on forex and CFDs. Both brokers offer at least ten educational videos specifically geared towards newcomers. However, eToro distinguishes itself by offering monthly online educational webinars, as well as a searchable archive of previously recorded webinars, which Trade Nation does not provide. Moreover, both platforms ensure a comprehensive understanding by including an investor dictionary with definitions for at least 50 investing terms.
eToro's educational services are consistently rated higher, earning 4.5 out of 5 stars compared to Trade Nation's 3.5 stars. According to ForexBrokers.com, eToro ranks impressively in the Education category, securing the 5th spot among 62 brokers, while Trade Nation comes in at 41st place. Overall, while both brokers offer valuable educational content, eToro's resources and supporting features make it a more appealing choice for beginners looking to expand their trading knowledge.
| Feature |
eToro
|
Trade Nation
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that eToro is better than Trade Nation. eToro finished with an overall rank of #9, while Trade Nation finished with an overall rank of #34.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
|
Trade Nation
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 85 |
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eToro enables users to buy both actual cryptocurrencies and cryptocurrency derivatives, whereas Trade Nation solely offers the option to invest in cryptocurrency derivatives, not the actual coins.
eToro stands out by offering a wider range of deposit and withdrawal options compared to Trade Nation, including ACH, SEPA, and PayPal, alongside shared options like Skrill, Visa/Mastercard, and bank wires, whereas Trade Nation lacks ACH, SEPA, and PayPal options.
Please 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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0 of 5| Overall Rating | eToro | Trade Nation | |
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| Trust Score | 93 | 85 | |
| Winner | check_circle | ||
| Review | eToro Review | Trade Nation Review |
| Broker Screenshots | eToro | Trade Nation | |
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| Regulation | eToro | Trade Nation | |
|---|---|---|---|
| Trust Score | 93 | 85 | |
| Year Founded | 2007 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | eToro | Trade Nation | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | eToro | Trade Nation | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | eToro | Trade Nation | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 1000 | |
| Forex Pairs (Total) | 55 | 46 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | 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 | eToro | Trade Nation | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | 0.6 | |
| All-in Cost EUR/USD - Active | N/A | 0.6 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | Trade Nation | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | eToro | Trade Nation | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | eToro | Trade Nation | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 14 | |
| Charting - Indicators / Studies (Total) | 104 | 115 | |
| Charting - Drawing Tools (Total) | 161 | 39 | |
| Charting - Trade From Chart | No | No | |
| Charts can be saved | Yes | No |
| Mobile Trading | eToro | Trade Nation | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 104 | 99 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | No |
| Research | eToro | Trade Nation | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | No |
| Education | eToro | Trade Nation | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | eToro | Trade Nation | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | eToro Review | Trade Nation Review |
| Overall | eToro | Trade Nation | |
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| Trust Score | 93 | 85 | |
| Winner | check_circle | ||
| Review | eToro Review | Trade Nation Review |
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