Written by ForexBrokers.com
In this head to head comparison of FOREX.com 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.
FOREX.com, established in 1999, stands out with its high trust score of 99 from ForexBrokers.com, marking it as a highly trusted choice for online trading. With 7 Tier-1 licenses, FOREX.com showcases an exemplary level of regulatory adherence, indicating strong investor protection. As a publicly traded entity, it offers transparency and financial stability, characteristics often favored by traders looking for reliable brokers. Despite not being a bank, its comprehensive licensing underscores its commitment to creating a secure trading environment.
Founded in 2014, Trade Nation offers a trusted alternative for traders with a respectable trust score of 85. Despite holding just 2 Tier-1 licenses compared to FOREX.com's 7, Trade Nation remains a solid broker choice with an average level of trustworthiness. While it is not publicly traded, which might be a consideration for those seeking the additional transparency such a status offers, it still holds 1 Tier-2 license, similar to FOREX.com, reflecting its competency in providing a trusted trading experience. Like FOREX.com, Trade Nation ensures a secure trading atmosphere without being a traditional bank.
| Feature |
FOREX.com
|
Trade Nation
|
|---|---|---|
| Year Founded | 1999 | 2014 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
Comparing commissions and fees, Trade Nation edges out FOREX.com on headline pricing and earns the higher score. Trade Nation is rated 5/5 stars and ranked #7 of 63 for Commissions and Fees, while FOREX.com is rated 4.5/5 stars and ranked #14 of 63. Both offer multiple account types and MetaTrader access, but their pricing structures differ in ways that matter depending on where you trade and how much volume you do.
FOREX.com’s Standard account (the only choice for MetaTrader 4 users) typically shows wider spreads in the U.S., with the EUR/USD around 1.4 pips (July 2023). Outside the U.S., average EUR/USD spreads were about 0.74 pips in July 2023. The newer RAW account targets tighter spreads plus commission: typical EUR/USD spread is about 0.13 pips (Feb 2024) with a $7 per standard lot round-trip commission, putting all-in costs near 0.83 pips at the base tier. Active trader rebates range from $2 to $9 per million, and very high-volume traders (over $2B/month) can see pricing that competes with leading low-cost rivals. For many U.S. traders under $50M/month, however, all-in costs between the Standard and Commission/RAW setups can end up similar.
Trade Nation keeps things simple with fixed spreads on its TN Trader platform: EUR/USD is listed at 0.6 pips most of the day, widening around the daily rollover (often up to 1.4 pips), which pulls the true average closer to 1 pip. On MetaTrader, you can pick a commission-free account with higher spreads or a Raw Spread account that charges $3.50 per side ($7 round-trip) per standard lot. In practice, TN Trader often delivers the lowest all-in costs among its options, and its fixed pricing model makes it easy to compare at a glance.
| Feature |
FOREX.com
|
Trade Nation
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average spread (EUR/USD) - Standard account | 1.4 | 0.6 |
| All-in Cost EUR/USD - Active | 0.9 | 0.6 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FOREX.com offers a wider range of investments than Trade Nation. You can trade about 5,500 symbols at FOREX.com, including 80 forex pairs, compared with Trade Nation’s roughly 1,000 symbols and 46 pairs. Both brokers let you trade forex as CFDs or spot, and both provide cryptocurrency CFDs, but neither allows buying actual crypto or exchange-traded shares in the U.S. or abroad. A notable difference is social features: Trade Nation supports copy trading, while FOREX.com does not.
For range of investments, ForexBrokers.com rates FOREX.com at 5 stars (ranked 7th of 63) and Trade Nation at 3.5 stars (ranked 39th of 63). FOREX.com may suit traders seeking the widest choice of tradeable symbols and currency pairs, while Trade Nation may appeal if you want copy trading alongside CFDs.
| Feature |
FOREX.com
|
Trade Nation
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 1000 |
| Forex Pairs (Total) | 80 | 46 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
FOREX.com vs Trade Nation: both brokers offer free demo (paper) accounts, proprietary platforms, Windows desktop downloads, and web-based trading. Each supports MetaTrader 4 (MT4), while only FOREX.com also supports MetaTrader 5 (MT5). Trade Nation includes copy trading; FOREX.com does not. FOREX.com also lets you place orders directly from charts, a feature Trade Nation lacks.
In ForexBrokers.com’s testing for Trading Platforms and Tools, FOREX.com earned 5 stars and ranked #7 of 63, while Trade Nation earned 4 stars and ranked #45. Choose FOREX.com if you want MT5 and chart-based order entry; pick Trade Nation if copy trading is a priority. Both make it easy to get started with a free demo on web or desktop.
| Feature |
FOREX.com
|
Trade Nation
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 88 | 115 |
| Charting - Trade From Chart | Yes | No |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FOREX.com and Trade Nation both deliver well-equipped mobile trading apps for iPhone and Android. Each app offers price alerts and watchlist syncing, so updates you make on mobile match your online account. Charting is solid on both platforms, with the ability to draw trendlines and have your drawings auto-saved between sessions.
For chart studies, Trade Nation lists 99 technical indicators versus 88 at FOREX.com. That said, independent ratings favor FOREX.com: it earns 5 stars and ranks #3 out of 63 brokers for Mobile Trading Apps at ForexBrokers.com, while Trade Nation holds 4 stars and ranks #46. If you want a larger library of built-in studies, Trade Nation has a slight edge; if you value overall mobile experience and industry recognition, FOREX.com is the stronger choice.
| Feature |
FOREX.com
|
Trade Nation
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 88 | 99 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
FOREX.com and Trade Nation both deliver daily market commentary and premium forex news from top-tier sources, plus sentiment tools that show long vs. short positioning. Neither broker uses Autochartist or TipRanks. The key differences come down to research extras: FOREX.com includes Trading Central tools and a built-in economic calendar, while Trade Nation skips Trading Central and a calendar but adds Acuity Trading’s Signal Centre for trade ideas.
In independent ratings, FOREX.com scores 4.5/5 stars for Research and is ranked #9 out of 63 brokers by ForexBrokers.com, while Trade Nation earns 3.5/5 stars and ranks #43. If you want more integrated analysis and event tracking, FOREX.com has the edge; if you prefer signals from Acuity Trading, Trade Nation is worth a look.
| Feature |
FOREX.com
|
Trade Nation
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | Yes | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | No |
Dive deeper: Best Brokers for Forex Research.
Comparing FOREX.com vs Trade Nation for education: both brokers provide at least 10 pieces of forex and CFD learning content, including dedicated video lessons for beginners and additional videos for advanced topics. A key difference is live instruction—FOREX.com hosts client education webinars at least once a month, while Trade Nation does not offer monthly webinars.
For quality and depth, ForexBrokers.com rates FOREX.com 4.5/5 stars for Education (ranked 4th of 63 brokers), compared with Trade Nation’s 3.5/5 stars (ranked 41st). In short, both offer ample self-paced materials for new traders, but FOREX.com adds regular live webinars and earns higher marks overall.
| Feature |
FOREX.com
|
Trade Nation
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FOREX.com is better than Trade Nation. FOREX.com finished with an overall rank of #5, while Trade Nation finished with an overall rank of #34.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
|
Trade Nation
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 85 |
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Comparing online brokers FOREX.com and Trade Nation: neither supports buying actual (delivered) cryptocurrencies, but both offer trading in cryptocurrency CFDs.
Compared to Trade Nation, FOREX.com supports ACH/SEPA, PayPal, Skrill, and bank wire transfers for deposits and withdrawals, while Trade Nation does not support ACH/SEPA and its availability of PayPal, Skrill, Visa/Mastercard, and bank wires is not specified.
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 | FOREX.com | Trade Nation | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | Trade Nation Review |
| Broker Screenshots | FOREX.com | Trade Nation | |
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| Regulation | FOREX.com | Trade Nation | |
|---|---|---|---|
| Trust Score | 99 | 85 | |
| Year Founded | 1999 | 2014 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | Trade Nation | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FOREX.com | Trade Nation | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | FOREX.com | Trade Nation | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 1000 | |
| Forex Pairs (Total) | 80 | 46 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | FOREX.com | Trade Nation | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.4 | 0.6 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.6 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FOREX.com | Trade Nation | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | Yes | No |
| Trading Platforms | FOREX.com | Trade Nation | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | FOREX.com | Trade Nation | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 88 | 115 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | No |
| Mobile Trading | FOREX.com | Trade Nation | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 88 | 99 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | FOREX.com | Trade Nation | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | No |
| Education | FOREX.com | Trade Nation | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | FOREX.com | Trade Nation | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | FOREX.com Review | Trade Nation Review |
| Overall | FOREX.com | Trade Nation | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | Trade Nation Review |
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