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eToro vs Trade Nation 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is eToro better than Trade Nation? In our analysis of 23 international regulators across 62 of the best forex brokers, eToro is considered low-risk, with an overall Trust Score of 93 out of 99. Trade Nation is considered average-risk, with an overall Trust Score of 83 out of 99. Learn more about Trust Score.

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Overall RatingeToroTrade Nation
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Offering of Investments 5/5 Stars 3.5/5 Stars
Platform & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score 93 83
Winner check_circle
Review eToro Review Trade Nation Review
RegulationeToroTrade Nation
Trust Score 93 83
Year Founded 2007 2014
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union Yes info No info
Tier-1 Licenses 2 2
Tier-2 Licenses 1 1
Tier-3 Licenses 0 1
Tier-1 Licenses (High Trust)eToroTrade Nation
ASIC Authorised (Australia) Yes Yes
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes Yes
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)eToroTrade Nation
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes No
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No Yes
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)eToroTrade Nation
SCB Authorised (Bahamas) No Yes
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentseToroTrade Nation
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 3458 601
Forex Pairs (Total) 49 33
U.S. Stock Trading (Non CFD) Yes No
Int'l Stock Trading (Non CFD) Yes No
Social Trading / Copy Trading Yes No
Cryptocurrency (Physical) Yes No
Cryptocurrency (CFD) 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).
CosteToroTrade Nation
Average Spread EUR/USD - Standard 1 info 0.6
All-in Cost EUR/USD - Active N/A 0.6
Active Trader or VIP Discounts Yes No
Execution: Agency Broker Yes No
Execution: Market Maker Yes Yes
FundingeToroTrade Nation
Minimum Deposit $10-$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
Trading PlatformseToroTrade Nation
Proprietary Platform Yes Yes
Desktop Platform (Windows) No Yes
Web Platform Yes Yes
Social Trading / Copy Trading Yes No
MetaTrader 4 (MT4) No Yes
MetaTrader 5 (MT5) No No
cTrader No No
DupliTrade No No
ZuluTrade No No
Trading ToolseToroTrade Nation
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 6 12
Charting - Indicators / Studies (Total) 66 35
Charting - Drawing Tools (Total) 13 95
Charting - Trade From Chart No No
Charts can be saved Yes No
Mobile TradingeToroTrade 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 5 95
Mobile Charting - Draw Trendlines No Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave No Yes
Forex Calendar No No
ResearcheToroTrade Nation
Daily Market Commentary Yes No
Forex News (Top-Tier Sources) No Yes
Autochartist No No
Trading Central (Recognia) Yes No
Social Sentiment - Currency Pairs Yes No
Economic Calendar Yes No
EducationeToroTrade Nation
Has 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 No
Investor Dictionary (Glossary) Yes Yes
Major Forex PairseToroTrade 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
OveralleToroTrade Nation
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Offering of Investments 5/5 Stars 3.5/5 Stars
Platform & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score 93 83
Winner check_circle
Review eToro Review Trade Nation Review
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eToro vs Trade Nation Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare eToro vs Trade Nation.

Does eToro or Trade Nation offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Trade Nation offers better pricing overall for traders.

Is eToro or Trade Nation safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both eToro and Trade Nation hold 2 global Tier-1 licenses. Both eToro and Trade Nation hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, eToro earned a higher Trust Score than Trade Nation.

Which trading platform is better: eToro or Trade Nation?

To compare the trading platforms of both eToro and Trade Nation, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, eToro offers a better experience. With research, eToro offers superior market research. Finally, we found eToro to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

eToro provides traders 49 currency pairs (e.g., EUR/USD) compared to Trade Nation's 33 available pairs. Forex pairs aside, eToro offers traders access to 3458 CFDs while Trade Nation has 601 available CFDs, a difference of 2857.

Can I trust eToro?

eToro is not publicly traded and does not operate a bank. eToro is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). eToro is authorised by the following tier-1 regulators: Australian Securities & Exchange Commission (ASIC) and the Financial Conduct Authority (FCA).

Can I trust Trade Nation?

Trade Nation is not publicly traded and does not operate a bank. Trade Nation is authorized by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). Trade Nation is authorised by the following tier-1 regulator: Australian Securities & Investment Commission (ASIC) and Financial Conduct Authority (FCA).

Is eToro good?

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.

Is Trade Nation good?

Trade Nation’s well-designed, easy-to-use trading app is an innovative trading platform that’s great for beginner forex and CFD traders. However, if you’re a seasoned trader, you may find that Trade Nation lacks advanced features compared to the best trading platforms.

Overall winner: eToro

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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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