Written by ForexBrokers.com
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.
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 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
|
Trade Nation
|
|---|---|---|
| Year Founded | 2005 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
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
|
Trade Nation
|
|---|---|---|
| Minimum Deposit | $100 AUD | $0 |
| Average Spread EUR/USD - Standard | 1.2 | 0.6 |
| All-in Cost EUR/USD - Active | 0.7 | 0.6 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | 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.
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
|
Trade Nation
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 1000 |
| Forex Pairs (Total) | 71 | 46 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | 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 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
|
Trade Nation
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 115 |
| Charting - Drawing Tools (Total) | 17 | 39 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 7 | 14 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
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
|
Trade Nation
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 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 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
|
Trade Nation
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | 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, 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
|
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 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
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Trade Nation
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 85 |
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Neither FP Markets nor Trade Nation offers the option to purchase actual (delivered) cryptocurrency, but both provide the opportunity to trade cryptocurrency derivatives.
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.
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 | FP Markets | Trade Nation | |
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| Trust Score | 89 | 85 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Trade Nation Review |
| Broker Screenshots | FP Markets | Trade Nation | |
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| Regulation | FP Markets | Trade Nation | |
|---|---|---|---|
| Trust Score | 89 | 85 | |
| Year Founded | 2005 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | 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) | No | 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) | FP Markets | Trade Nation | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FP Markets | Trade Nation | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 1000 | |
| Forex Pairs (Total) | 71 | 46 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | 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 | FP Markets | Trade Nation | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 0.6 | |
| All-in Cost EUR/USD - Active | 0.7 | 0.6 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | Trade Nation | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $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 | No | No |
| Trading Platforms | FP Markets | Trade Nation | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | Trade Nation | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 14 | |
| Charting - Indicators / Studies (Total) | 30 | 115 | |
| Charting - Drawing Tools (Total) | 17 | 39 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | No |
| Mobile Trading | FP Markets | Trade Nation | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 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 | FP Markets | Trade Nation | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | No |
| Education | FP Markets | 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 | FP Markets | 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 | FP Markets Review | Trade Nation Review |
| Overall | FP Markets | Trade Nation | |
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| Trust Score | 89 | 85 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Trade Nation Review |
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