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.
Founded in 2007, eToro has established itself as a prominent player in the online brokerage industry. It distinguishes itself by being publicly traded, which adds a layer of transparency to its operations. With a ForexBrokers.com Trust Score of 96 out of 99, eToro is in the highly trusted category, backed by its three Tier-1 licenses. These licenses are regarded as top-tier, ensuring that users can have confidence in their global financial transactions with eToro. In addition to its Tier-1 licenses, eToro holds one Tier-2 license, further cementing its reliability and trustworthiness.
On the other hand, Trade Nation, founded in 2014, presents itself as a dependable choice with a Trust Score of 85, falling under the trusted category according to ForexBrokers.com. While it is not publicly traded, Trade Nation operates under the purview of two Tier-1 licenses, assuring clients of its adherence to strict regulatory standards. Additionally, it holds one Tier-2 license. Both eToro and Trade Nation are not banks, focusing their expertise solely on brokerage services, though eToro slightly edges out with a broader regulatory footprint in high-trust jurisdictions.
| Feature |
eToro
|
Trade Nation
|
|---|---|---|
| Year Founded | 2007 | 2014 |
| Publicly Traded (Listed) | Yes | 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 the commissions and fees of eToro and Trade Nation, it's evident that each online broker has its own strengths. eToro, acting as a market-maker broker, typically offers a variable spread of around 1 pip on the EUR/USD. This is slightly above the industry average, but eToro is celebrated for its social copy trading platform rather than the spread competitiveness. Furthermore, eToro provides a VIP club called eToro Club, featuring five membership tiers, from Silver to Diamond. These accommodate traders maintaining balances between $5,000 and $250,000, offering benefits like access to Trading Central and reduced withdrawal fees. eToro has earned a 4.5-star rating in commissions and fees, standing at the 22nd rank among 63 brokers evaluated by ForexBrokers.com.
Trade Nation, on the other hand, shines through its competitive fixed-spread pricing, offering 0.6 pips for the EUR/USD pair on its proprietary platform. Although spreads can widen to 1.4 pips during its daily rollover period, the overall average stays near 1 pip. Trade Nation operates with three main account types: two MetaTrader accounts—one with a commission-based Raw Spread option charging $3.50 per side—and a commission-free account. The TN Trader account tends to offer the lowest spreads. This approach results in Trade Nation securing a perfect 5-star rating for its commissions and fees and achieving an impressive 7th place among 63 brokers, as per ForexBrokers.com.
Ultimately, while eToro is favored for its social trading features, Trade Nation stands out for its structured and consistent spread offerings. Both platforms cater to different trader needs, providing flexible options to match varying trading styles and priorities when it comes to commissions and fees.
| 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.
When comparing the investment options available on eToro and Trade Nation, several factors make eToro stand out. eToro offers a diverse selection with 5,461 tradeable symbols, significantly outperforming Trade Nation's 1,000 symbols. In the forex market, eToro provides access to 55 forex pairs compared to Trade Nation's 46. Additionally, eToro gives investors the opportunity to purchase exchange-traded securities on U.S. and international exchanges, such as Apple shares and Vodafone shares, whereas Trade Nation does not provide this option. Moreover, eToro facilitates both trading in actual cryptocurrencies and cryptocurrency derivatives, enhancing its appeal to crypto enthusiasts, while Trade Nation limits its offerings to cryptocurrency derivatives.
Both platforms support forex trading via CFDs and offer copy trading features, allowing users to mimic the strategies of successful traders. Despite these similarities, eToro's more extensive range of investments earns it a 5-star rating for its investment variety, compared to Trade Nation's 3.5 stars. This difference in ratings is further highlighted by ForexBrokers.com's rankings, which place eToro at an impressive 10th position out of 63 brokers for range of investments, while Trade Nation is ranked at 38th. These differences underscore eToro's attractive and versatile investment offerings, making it a preferable choice for those seeking a broader array of financial instruments and global market access.
| 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.
When comparing eToro and Trade Nation, both brokers provide traders with the opportunity to test their strategies through free virtual demo accounts. Each broker also features an in-house developed platform and offers convenient web-based trading options. However, Trade Nation has the advantage of a downloadable desktop platform for Windows users, while eToro does not. A notable difference is in their support for third-party platforms: Trade Nation allows access to MetaTrader 4 (MT4), which eToro does not support. Both brokers, however, do not offer MetaTrader 5, DupliTrade, or ZuluTrade for trading.
For charting and analysis, eToro offers a significantly greater number of drawing tools compared to Trade Nation, with 161 tools versus 39. Nonetheless, neither broker provides the capability to execute trades directly from stock charts. When it comes to watch lists, Trade Nation offers more customization with 14 fields compared to eToro's six. In terms of user satisfaction, eToro receives higher praise with a 4.5-star rating for Trading Platforms and Tools and is ranked 8th out of 63 brokers by ForexBrokers.com. Trade Nation, rated at 4 stars, holds the 44th position in the same category.
| 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 user-friendly mobile trading apps for iPhone and Android devices, with features that cater to traders of all levels. Both apps provide stock and forex price alerts, ensuring that users never miss an important market movement. They also support watchlist symbol syncing, allowing changes made on the mobile app to instantly reflect on the user's online account. While eToro gives traders access to 104 technical studies for charting, Trade Nation provides 99. Notably, Trade Nation offers the ability to draw trend lines on charts and automatically saves these drawings, whereas eToro does not.
eToro and Trade Nation enable users to view multiple time frames, such as daily, weekly, or intraday, directly from their apps, and both allow the creation of watchlists with real-time quotes. According to ForexBrokers.com, eToro excels with a rating of 4.5 stars and is ranked 10th out of 63 brokers in the Mobile Trading Apps category. Trade Nation, while reputable with a 4-star rating, is ranked 45th. Both platforms offer a solid foundation for mobile trading, but eToro might appeal more to those looking for an extensive range of technical studies and a higher overall rating.
| 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 assessing market research capabilities, eToro and Trade Nation both provide daily market commentary, ensuring that users have access to regular insights. However, Trade Nation brings forex news from high-profile sources like Bloomberg and Reuters, whereas eToro doesn't. On the flip side, eToro utilizes tools from Trading Central for technical analysis, which Trade Nation lacks. Both platforms offer sentiment-based trading tools, giving traders insights into market positions.
eToro stands out with additional resources such as market research from TipRanks, while Trade Nation offers tools from Acuity Trading instead. Furthermore, eToro includes a comprehensive economic calendar, enhancing its offerings for global news events, which is not available through Trade Nation. This distinction is reflected in their ratings; eToro holds a 4.5-star rating and ranks 13th out of 63 brokers for research, significantly ahead of Trade Nation, which has a 3.5-star rating and ranks 42nd in the same category.
| 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.
For beginners stepping into the world of online trading, the educational resources offered by eToro and Trade Nation provide important distinctions. Both brokers ensure a solid foundation with at least ten educational materials focused on forex and CFDs, including articles, videos, and archives. Moreover, they each present over ten beginner videos that cover essential trading topics, alongside a dictionary comprising more than 50 investment terms. Where eToro takes the lead is in offering monthly online educational webinars and a searchable archive of recorded sessions, delivering a more immersive learning experience to its users.
While advanced educational content is equally comprehensive from both eToro and Trade Nation, eToro boasts a higher education rating, earning 4.5 stars compared to Trade Nation's 3.5 stars. This is reflected in their ForexBrokers.com rankings, with eToro positioned at #5 out of 63 brokers, demonstrating its superiority in educational offerings, whereas Trade Nation stands at #41. Overall, for beginners seeking structured guidance in their trading journey, eToro seems to provide more extensive and accessible educational resources.
| 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 63 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 | 96 | 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 | 96 | 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 | 96 | 85 | |
| Year Founded | 2007 | 2014 | |
| Publicly Traded (Listed) | Yes | 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 | 96 | 85 | |
| Winner | check_circle | ||
| Review | eToro Review | Trade Nation Review |
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