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 |
When comparing the commissions and fees between FOREX.com and Trade Nation, both brokers offer distinct pricing structures catering to different trading needs. FOREX.com presents a mix of account types, including the Standard account and the newly introduced RAW Spread account. The Standard account, available for MetaTrader users, imposes relatively high spreads of 1.4 pips for USD residents trading the EUR/USD. In contrast, the RAW Spread account offers much lower spreads, starting from 0.13 pips, but includes a commission of $7 per standard lot. The overall cost with FOREX.com is competitive, especially for high-volume traders, though it tends to be slightly higher than the industry average. FOREX.com earns a 4.5-star rating for commissions and fees and ranks 13th out of 63 brokers in this category.
Trade Nation, on the other hand, stands out for its fixed-spread pricing strategy. Across all tradeable symbols, Trade Nation offers a stable cost structure, with a fixed spread for EUR/USD at 0.6 pips, making it simpler for traders to estimate their costs. However, during the daily rollover period, these spreads can briefly widen to 1.4 pips. Trade Nation provides three main account types, with the TN Trader account generally offering the lowest spreads of the bunch, especially when considering all-in costs. The broker charges a $7 per round-trip commission on its Raw Spread account, similar to FOREX.com but wins with consistent fixed spread pricing. Achieving a 5-star rating, Trade Nation ranks 7th among 63 brokers for commissions and fees.
In summary, Trade Nation offers more predictable pricing thanks to its fixed spreads, making it a potentially more appealing choice for those who prefer stable costs. FOREX.com, with its variety of account types and slightly higher fees, might suit active traders who can benefit from its volume-based rebates. Both brokers have their unique advantages, with Trade Nation edging out in terms of value due to its transparent and stable fee structure.
| 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.
When comparing the investment offerings of FOREX.com and Trade Nation, there are noticeable differences in their range and variety. FOREX.com boasts an extensive offering with 5,500 tradeable symbols and 80 forex pairs, making it a strong contender for those seeking a wide selection of trading options. While both platforms offer forex trading through CFDs or spot contracts, FOREX.com seems to have a clear edge with its broader range of investment opportunities. Unfortunately, neither platform provides access to exchange-traded securities on U.S. or international exchanges, meaning direct stock investments in companies like Apple or Vodafone are not available.
Trade Nation, on the other hand, offers a more modest selection with 1,000 tradeable symbols and 46 forex pairs. While it may not match the expansive choices offered by FOREX.com, Trade Nation does stand out by offering copy trading, a feature not available with FOREX.com. Both brokers allow trading in cryptocurrency derivatives—though neither facilitates the purchase of actual cryptocurrency. Overall, FOREX.com scores higher with a 5-star rating for its range of investments, achieving a ranking of #7 out of 63 brokers, while Trade Nation is rated 3.5 stars, standing at #38 in the same category.
| Feature |
FOREX.com
|
Trade Nation
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 1000 |
| Forex Pairs (Total) | 80 | 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.
When comparing the trading platforms and tools of FOREX.com and Trade Nation, both brokers offer simulated trading with a free virtual demo account. They each provide a proprietary platform and Windows-based desktop download options, along with web-based platforms for convenient trading through a browser. While they both support MetaTrader 4, FOREX.com also offers the advanced MetaTrader 5, which Trade Nation does not. Neither of the brokers features DupliTrade or ZuluTrade for social trading needs. Nonetheless, Trade Nation stands out with its copy trading feature, an option that FOREX.com does not include.
For charting capabilities, FOREX.com outshines Trade Nation by offering 239 drawing tools compared to Trade Nation’s 39, and it allows for trading directly from stock charts—a feature Trade Nation lacks. FOREX.com provides more customization in watch lists with 20 columns available, whereas Trade Nation offers 14. These differentiations contribute to FOREX.com's higher rating of five stars for trading platforms and tools, compared to Trade Nation's four stars. Reflecting this, FOREX.com holds a higher rank at number 7 out of 63 brokers on ForexBrokers.com, while Trade Nation is positioned at number 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 apps, both FOREX.com and Trade Nation provide excellent resources for traders using iPhone and Android devices. Each platform facilitates seamless trading experiences by allowing price alerts, watchlist symbol syncing, and real-time quotes. Users of both apps can enjoy charting functionalities with the ability to draw trendlines and view multiple time frames. However, where FOREX.com provides 88 technical studies, Trade Nation surpasses this with 99, offering a more extensive set of tools for technical analysis.
Despite similarities in features, there are noticeable differences in user ratings and industry rankings. FOREX.com shines brightly with a five-star rating for its mobile app and holds an impressive third-place ranking out of 63 brokers according to ForexBrokers.com. On the other hand, Trade Nation, while still providing a solid experience, garners a four-star rating and ranks 45th. Therefore, for those prioritizing top-notch mobile trading on the go, FOREX.com may be the preferred choice for delivering a top-tier mobile trading experience.
| 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.
FOREX.com and Trade Nation both offer daily market commentary and deliver forex news from top-tier sources, ensuring traders have access to up-to-date market insights. However, their offerings differ in several key areas. FOREX.com stands out by providing tools from Trading Central, renowned for technical analytics, and an economic calendar that showcases significant global events. Additionally, both platforms offer sentiment-based trading tools, allowing traders to analyze the ratio of long and short positions across various instruments. Unfortunately, neither broker provides research tools from Autochartist or TipRanks, though Trade Nation integrates Acuity Trading's Signal Centre into its suite of tools.
Considering these features, FOREX.com earns a research rating of 4.5 stars and ranks 9th out of 63 brokers on ForexBrokers.com. It clearly establishes itself as a preferred choice for in-depth research and analysis. In contrast, Trade Nation receives a slightly lower research rating of 3.5 stars and is positioned 42nd in the same category. These distinctions highlight FOREX.com's more comprehensive research offerings and resources available for traders seeking a competitive edge.
| 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 it comes to educational resources for beginners, both FOREX.com and Trade Nation make solid efforts by providing more than 10 educational pieces each, including articles and videos focused on forex and CFDs. However, FOREX.com stands out by offering monthly live webinars, along with a searchable archive of past webinars, catering to those who prefer interactive or self-paced learning. On the other hand, Trade Nation does not currently support online educational webinars, leaving their offerings more limited in comparison.
Both platforms effectively serve beginners by providing at least 10 beginner-focused video tutorials and maintain comprehensive investor dictionaries with over 50 investing terms. Additionally, each offers advanced video content for seasoned traders. In overall educational ratings, FOREX.com scores higher with a 4.5-star rating, ranking 4th out of 63 brokers according to ForexBrokers.com. In contrast, Trade Nation receives a modest 3.5-star rating, placing it at the 41st position, indicating FOREX.com's stronger emphasis and recognition in educational services for forex trading enthusiasts.
| 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 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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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) | 80 | 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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