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 |
FOREX.com is known for its market maker execution and transparent pricing, offering various account types and execution methods. However, it tends to be slightly more expensive than the industry average, particularly in the U.S. For non-U.S. traders, the EUR/USD spreads averaged 0.74 in July 2023, while its RAW account offers lower spreads with a per-trade commission. The Standard account, suitable for MetaTrader clients, has average spreads of 1.4 on the EUR/USD in the U.S. The newer RAW Spread account, available in Canada, the U.S., and the EU, provides commission-based pricing with volume-based rebates, making it a competitive choice for active traders reaching high trading volumes. FOREX.com earns a commendable 4.5 star rating and ranks #13 for commissions and fees out of 62 brokers.
Trade Nation distinguishes itself with its competitive fixed-spread pricing, offering a stable structure for traders on its proprietary and MetaTrader platforms. The fixed spread for the EUR/USD pair is 0.6 pips, briefly widening to 1.4 pips during the daily rollover period. This setup simplifies cost calculation for traders. Trade Nation offers three main account types: a commission-based Raw Spread account, a commission-free account on MetaTrader, and a TN Trader account with its lowest spreads on the proprietary platform. With consistent pricing and ease of use, Trade Nation excels in this area, achieving a 5-star rating and securing the #7 rank for commissions and fees among 62 brokers.
| Feature |
FOREX.com
|
Trade Nation
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 1.4 | 0.6 |
| All-in Cost EUR/USD - Active | 0.9 | 0.6 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FOREX.com and Trade Nation both allow forex trading as a CFD or spot contract, catering to traders interested in these financial products. However, when it comes to the variety of tradeable symbols, FOREX.com takes a significant lead with 5,500 options compared to Trade Nation's 1,000. For forex pairs specifically, FOREX.com offers 91 pairs while Trade Nation provides 46. Neither platform supports buying actual exchanged-traded securities on U.S. or international exchanges, nor do they offer real cryptocurrency purchases. Still, both offer trading in cryptocurrency derivatives to meet the demand for digital asset speculation. Copy trading is not available at FOREX.com, whereas Trade Nation provides this feature, allowing users to learn from seasoned traders.
In terms of their investment ranges, FOREX.com receives a 5-star rating, landing at #7 out of 62 brokers surveyed by ForexBrokers.com. Trade Nation holds a 3.5-star rating and ranks at #38 in the same category. These rankings highlight FOREX.com's superior offerings for traders seeking a broad array of investment choices. While both brokers maintain a solid foundation for forex and derivative trading, FOREX.com's broader range and higher industry standing make it a more versatile choice for diverse trading opportunities.
| Feature |
FOREX.com
|
Trade Nation
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 1000 |
| Forex Pairs (Total) | 91 | 46 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | 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.
FOREX.com and Trade Nation both provide traders with access to proprietary and popular third-party platforms, making it easy for users to engage in online trading. Both brokers offer simulated trading options with virtual demo accounts, allowing traders to hone their skills risk-free. While both brokers have developed their own in-house platforms and support Windows-based and web-based trading, FOREX.com stands out by offering both MetaTrader 4 and MetaTrader 5 platforms, while Trade Nation only provides access to MetaTrader 4.
In terms of features, FOREX.com offers significantly more drawing tools for charting—239 compared to Trade Nation's 39—and supports direct trading from stock charts, a feature not available with Trade Nation. Traders interested in customizing their watch lists will find FOREX.com slightly more accommodating, with 20 fields available compared to Trade Nation's 14. Although both platforms lack copy trading features like DupliTrade or ZuluTrade, Trade Nation does offer some form of copy trading which FOREX.com does not. These differences contribute to FOREX.com's higher rating of 5 stars compared to Trade Nation's 4 stars for Trading Platforms and Tools, as well as a higher ranking of #7 out of 62 brokers, compared to Trade Nation's #44.
| Feature |
FOREX.com
|
Trade Nation
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 88 | 115 |
| Charting - Drawing Tools (Total) | 239 | 39 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 20 | 14 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading, both FOREX.com and Trade Nation offer iPhone and Android apps packed with essential features for traders. Users of either app can enjoy stock and forex price alerts and synchronize their watchlists across all devices, ensuring up-to-date portfolio management. These apps also support creating watchlists with real-time quotes and provide a wide range of technical analysis tools. FOREX.com offers 88 technical studies, while Trade Nation provides a slightly higher number with 99. Drawing trendlines and viewing multiple time frames on charts is straightforward on both apps, and they automatically save any annotations made.
In terms of ratings, FOREX.com impresses with a five-star customer rating for its mobile trading apps, reflecting its high user satisfaction and efficiency. In comparison, Trade Nation receives a commendable but lower four-star rating. Ranking high with a #3 position out of 62 brokers by ForexBrokers.com for mobile apps, FOREX.com significantly outpaces Trade Nation, which is ranked at #45. Those looking for a top-tier mobile trading experience might prefer FOREX.com, while Trade Nation still offers a solid, reliable performance with excellent charting capabilities.
| Feature |
FOREX.com
|
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 | 88 | 99 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of FOREX.com and Trade Nation, both platforms provide daily market commentary and feature forex news from renowned sources like Bloomberg and Reuters. However, while both provide sentiment-based trading tools to examine the positions on currency pairs, only FOREX.com extends its services with advanced Trading Central tools for technical analysis and offers a comprehensive economic calendar to keep traders updated on global events. Trade Nation, in contrast, supplements its market research with resources from Acuity Trading, unlike FOREX.com.
Evaluating their overall research capabilities, FOREX.com earns a commendable 4.5-star rating and ranks 9th out of 62 brokers according to ForexBrokers.com. It positions itself as a leader in delivering insightful research tools. Trade Nation, while still providing valuable insights, holds a 3.5-star rating and ranks 42nd, indicating areas where its offerings might be enhanced to match some of the more extensive tools provided by its competitor.
| Feature |
FOREX.com
|
Trade Nation
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | No |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners at FOREX.com and Trade Nation, both platforms provide a foundation for learning about forex and CFDs through a variety of materials such as articles, videos, and archived webinars. This ensures that both beginners and more seasoned traders can find valuable content. However, FOREX.com distinguishes itself by offering monthly live webinars, providing opportunities for traders to engage in real-time learning. Additionally, FOREX.com stores these webinars in a searchable archive for easy access, a feature that Trade Nation does not currently offer.
Both FOREX.com and Trade Nation deliver educational videos tailored to beginners and advanced traders, as well as a comprehensive investor dictionary with over 50 trading-related terms defined, making complex concepts more accessible. Despite the similarities, FOREX.com receives a higher rating of 4.5 stars for education compared to Trade Nation's 3.5 stars. In rankings by ForexBrokers.com, FOREX.com is recognized as a top contender, placed at #4 out of 62 brokers, while Trade Nation stands further down the list at #41, underscoring a significant difference in educational quality and accessibility.
| Feature |
FOREX.com
|
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 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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Both FOREX.com and Trade Nation do not offer the ability to buy actual delivered cryptocurrency, but they do provide the option to trade cryptocurrency derivatives.
Both FOREX.com and Trade Nation provide Visa or Mastercard and bank wire options for funding accounts, but differ as FOREX.com supports ACH/SEPA transfers and PayPal, while Trade Nation exclusively supports Skrill.
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 | 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 | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FOREX.com | Trade Nation | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 1000 | |
| Forex Pairs (Total) | 91 | 46 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | 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 | FOREX.com | Trade Nation | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | 0.6 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.6 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FOREX.com | Trade Nation | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FOREX.com | Trade Nation | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FOREX.com | Trade Nation | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 20 | 14 | |
| Charting - Indicators / Studies (Total) | 88 | 115 | |
| Charting - Drawing Tools (Total) | 239 | 39 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 88 | 99 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | No |
| Research | FOREX.com | Trade Nation | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | No |
| Education | FOREX.com | 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 | FOREX.com | 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 | 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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