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FP Markets vs Trade Nation 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of FP Markets vs Trade Nation, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

FP Markets
4.5/5 Stars Overall
  • Minimum Deposit: $100 AUD
  • Trust Score: 89
  • Tradeable Symbols (Total): 10000
Trade Nation
4/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 85
  • Tradeable Symbols (Total): 1000

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.

Regulation

Founded in 2005, FP Markets stands out as a veteran in the online brokerage arena. With a ForexBrokers.com Trust Score of 89, it falls within the 'trusted' range, making it a reliable choice for traders. Although FP Markets is neither publicly traded nor a bank, it holds a commendable two Tier-1 licenses alongside one Tier-2 license. These licenses suggest a strong regulatory backing, enhancing its appeal to those prioritizing security and oversight in their financial dealings.

In contrast, Trade Nation, which began operations in 2014, has quickly established itself with a Trust Score of 85. Similar to FP Markets, Trade Nation is not listed on any stock exchange and is not a bank. It possesses two Tier-1 licenses and one Tier-2 license, reflecting a solid level of trust and regulatory compliance for its clients. Both brokers present reliable options, catering to those seeking regulated financial services with a focus on trust and security.

Feature FP Markets logoFP Markets
Trade Nation logoTrade Nation
Year Founded info 2005 2014
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 2
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2

Fees

FP Markets is known for offering competitive commission-based pricing with its MetaTrader and cTrader platforms, providing traders a cost-effective global trading experience. The broker, which received a 5-star rating and is ranked #6 by ForexBrokers.com for Commissions and Fees, offers a Raw ECN account with an average spread of 0.1 pips (0.8 pips including commission). The Iress ViewPoint account option is more suited for active traders with substantial account balances, while the cost-effective Iress Investor account is available for those seeking a more basic trading experience.

Trade Nation, also rated 5 stars and ranked #7 for Commissions and Fees, differentiates itself with competitive fixed-spread pricing on its proprietary platform, TN Trader. For the EUR/USD pair, it offers a fixed spread of 0.6 pips, which may widen to about 1.4 pips during the daily rollover period. Trade Nation's pricing model ensures traders can expect consistent rates without the need for complex calculations, except for the brief rollover adjustments. Its TN Trader account typically presents the lowest all-in costs when compared to the other account offerings.

Both FP Markets and Trade Nation provide traders with diverse account options tailored to different trading preferences. FP Markets offers the Raw ECN account with highly attractive spreads, making it suitable for trading enthusiasts seeking low-variable spreads with commissions. Meanwhile, Trade Nation ensures fixed spreads across its trading symbols, appealing to traders who value predictable pricing. Whether one chooses FP Markets or Trade Nation, traders can expect a top-notch fee structure, reflected in both brokers' high ratings and rankings.

Feature FP Markets logoFP Markets
Trade Nation logoTrade Nation
Minimum Deposit info $100 AUD $0
Average Spread EUR/USD - Standard info 1.2 info 0.6
All-in Cost EUR/USD - Active info 0.7 info 0.6
Active Trader or VIP Discounts info Yes No
ACH or SEPA Transfers info No No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

In the realm of online trading, FP Markets and Trade Nation both provide opportunities for forex trading via CFDs or spot contracts. However, when it comes to the variety of tradeable symbols, FP Markets significantly outshines Trade Nation with a whopping 10,000 symbols compared to Trade Nation's 1,000. Additionally, FP Markets offers a broader selection of forex pairs, boasting 71 pairs compared to Trade Nation’s 46. Neither broker provides exchange-traded securities on U.S. or international exchanges, so clients interested in buying actual shares like Apple or Vodafone would need to look elsewhere.

Both brokers offer copy trading, allowing clients to replicate the trades of successful investors, which can be a useful tool for beginners or those looking to diversify strategies. While neither FP Markets nor Trade Nation offers the ability to buy actual cryptocurrencies, they both provide cryptocurrency derivatives for clients interested in this volatile market. Despite similar offerings in some areas, FP Markets receives a slightly higher rating of 4.5 stars for its investment range compared to Trade Nation’s 3.5 stars; it is also ranked 18th by ForexBrokers.com in the Range of Investments category, against Trade Nation’s 38th position, highlighting FP Markets as a more versatile choice for traders seeking variety.

Feature FP Markets logoFP Markets
Trade Nation logoTrade Nation
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 10000 1000
Forex Pairs (Total) info 71 46
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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.

Trading platforms and tools

When comparing FP Markets and Trade Nation, both brokers provide a range of options for trading platforms and tools. They each offer a free virtual demo account for simulated trading, as well as proprietary platforms developed in-house. For those preferring traditional setups, both platforms support a Windows-based desktop download and a web-based trading platform. Traders can also access MetaTrader 4 (MT4) through either broker; however, only FP Markets offers MetaTrader 5 (MT5) as an additional platform. While copy trading is available on both platforms, other options like DupliTrade and ZuluTrade are not supported by either.

Charting and customization are other aspects where these brokers differ. FP Markets provides 17 drawing tools, while Trade Nation offers a greater variety with 39 tools. FP Markets also allows users to trade directly from a stock chart, a feature not available with Trade Nation. When it comes to watch lists, FP Markets has 7 columns or fields to customize, whereas Trade Nation broadens the scope with 14 columns. Both brokers are evenly matched with a 4-star rating for trading platforms and tools, but FP Markets edges out in overall ranking, coming in at #23 compared to Trade Nation's position at #44 among 63 brokers evaluated by ForexBrokers.com.

Feature FP Markets logoFP Markets
Trade Nation logoTrade Nation
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes No
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 30 115
Charting - Drawing Tools (Total) info 17 39
Charting - Trade From Chart info Yes No
Watchlists - Total Fields info 7 14
View More

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

When comparing the mobile trading apps of FP Markets and Trade Nation, both platforms provide comprehensive features for iPhone and Android users, including stock or forex price alerts and the ability to draw trendlines on charts. Both apps support viewing multiple time frames, such as daily, weekly, or intraday options, and also auto-save chart drawings, giving users seamless access to their trade analyses. Although each provider offers the convenience of creating watchlists with real-time quotes, Trade Nation stands out with its feature of syncing watchlist symbols across devices, ensuring consistent updates between mobile apps and online accounts—a convenience FP Markets currently lacks.

In terms of analytical tools, FP Markets utilizes the MetaTrader platform by default for its chart studies, while Trade Nation offers an impressive 99 technical studies. Both brokers receive a four-star rating for mobile trading; however, FP Markets holds a higher ranking at #18 compared to Trade Nation's #45, according to ForexBrokers.com. Regardless of these differences, both apps afford traders a solid mobile experience for managing their trades on the go.

Feature FP Markets logoFP Markets
Trade Nation logoTrade Nation
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info No Yes
Mobile Charting - Indicators / Studies info MetaTrader (Default) 99
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When evaluating FP Markets and Trade Nation in terms of market research offerings, both brokers provide traders with daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. However, FP Markets takes the lead with its offering of technical and fundamental research tools from reputable companies such as Autochartist and Trading Central. These tools are not available to users of Trade Nation, which might impact traders looking for advanced analysis options. Both brokers provide sentiment-based trading tools that display the ratio of long or short positions across different instruments, giving traders insights into market trends.

Additionally, while Trade Nation provides research tools from Acuity Trading's Signal Centre, FP Markets stands out with its comprehensive economic calendar that highlights current and upcoming global news events. This feature can be especially valuable for those interested in the broader economic context influencing markets. With a research rating of 4 stars, FP Markets is ranked 25th out of 63 brokers by ForexBrokers.com, offering more extensive resources for market analysis compared to Trade Nation's 3.5-star rating and 42nd position. These differences may guide traders in choosing the platform that best meets their research needs.

Feature FP Markets logoFP Markets
Trade Nation logoTrade Nation
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info Yes Yes
TipRanks info No No
Signal Centre (Acuity Trading) info No Yes
Economic Calendar info Yes No

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to educational resources for beginners, FP Markets and Trade Nation both provide a solid foundation for forex and CFD learning. Both brokers offer a wide range of educational materials, including over 10 beginner-focused videos and extensive resources on key trading topics. However, FP Markets stands out by hosting monthly webinars that allow real-time interaction and learning, as well as offering a searchable archive of past webinars for when you can't attend live. Trade Nation doesn't offer webinars, which limits the live learning component of its educational offerings.

Additionally, both FP Markets and Trade Nation include a comprehensive investor dictionary with over 50 terms defined, catering to those new to the financial world. However, in terms of overall educational quality, FP Markets edges ahead with a 4-star rating and ranks 23rd out of 63 brokers according to ForexBrokers.com. Meanwhile, Trade Nation holds a slightly lower rating of 3.5 stars and ranks 41st in the same category. This suggests that FP Markets may provide a more rounded and accessible educational experience for beginners eager to enhance their trading knowledge.

Feature FP Markets logoFP Markets
Trade Nation logoTrade Nation
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that FP Markets is better than Trade Nation. FP Markets finished with an overall rank of #19, while Trade Nation finished with an overall rank of #34.

FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.

Feature FP Markets logoFP Markets
Trade Nation logoTrade Nation
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 89 85
Range of Investments 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with FP Markets or Trade Nation?

Neither FP Markets nor Trade Nation offers the option to purchase actual (delivered) cryptocurrency, but both provide the opportunity to trade cryptocurrency derivatives.

What funding options does each broker offer?

When comparing online brokers FP Markets and Trade Nation, neither offers ACH or SEPA transfers for fund transactions, but FP Markets supports PayPal while Trade Nation does not; both brokers accept Skrill, Visa, Mastercard, and bank wires for deposits and withdrawals.




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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Compare

0 of 5
Overall Rating FP Markets Trade Nation
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 5/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 89 85
Winner check_circle
Review FP Markets Review Trade Nation Review
Broker Screenshots FP Markets Trade Nation
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation FP Markets Trade Nation
Trust Score info 89 85
Year Founded info 2005 2014
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 2 2
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2
Tier-1 Licenses (Highly Trusted) FP Markets Trade Nation
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info No Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses (Trusted) FP Markets Trade Nation
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes Yes
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments FP Markets Trade Nation
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 10000 1000
Forex Pairs (Total) info 71 46
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 FP Markets Trade Nation
Average Spread EUR/USD - Standard info 1.2 info 0.6
All-in Cost EUR/USD - Active info 0.7 info 0.6
Active Trader or VIP Discounts info Yes No
Inactivity Fee info No No
Execution: Agency Broker info No No
Execution: Market Maker info Yes Yes
Funding FP Markets Trade Nation
Minimum Deposit info $100 AUD $0
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No No
Trading Platforms FP Markets Trade Nation
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes No
cTrader info Yes No
DupliTrade info No No
ZuluTrade info No No
Trading Tools FP Markets Trade Nation
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 14
Charting - Indicators / Studies (Total) info 30 115
Charting - Drawing Tools (Total) info 17 39
Charting - Trade From Chart info Yes No
Charts can be saved info Yes No
Mobile Trading FP Markets Trade Nation
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info No Yes
Mobile Charting - Indicators / Studies info MetaTrader (Default) 99
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes No
Research FP Markets Trade Nation
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info Yes No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes No
Education FP Markets Trade Nation
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs FP Markets Trade Nation
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review FP Markets Review Trade Nation Review
Overall FP Markets Trade Nation
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 5/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 89 85
Winner check_circle
Review FP Markets Review Trade Nation Review
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