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 | 2 | 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 account | 1.2 | 0.6 |
| All-in Cost EUR/USD - Active | 0.7 | 0.6 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FP Markets vs Trade Nation: For range of investments, FP Markets offers far more choice with 10,000 tradable symbols and 71 forex pairs, compared with Trade Nation’s 1,000 symbols and 46 forex pairs. Both brokers support forex trading (CFD/spot), offer copy trading, and provide cryptocurrency CFDs; neither allows you to buy actual crypto.
Neither FP Markets nor Trade Nation offers exchange-traded shares on U.S. or international exchanges. According to ForexBrokers.com’s Range of Investments ratings, FP Markets scores 4.5/5 and ranks 19th out of 63 brokers, ahead of Trade Nation’s 3.5/5 rating and 39th-place ranking.
| Feature |
FP Markets
|
Trade Nation
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 1000 |
| Forex Pairs (Total) | 71 | 46 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | 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.
FP Markets vs Trade Nation: both brokers offer free demo (paper) accounts, their own proprietary platforms, and access via Windows desktop downloads and web-based (browser) platforms. Each supports copy trading and MetaTrader 4 (MT4). FP Markets also supports MetaTrader 5 (MT5), which can be helpful if you want the newer MT features and broader market access.
When it comes to tools, both deliver core charting, but only FP Markets lets you place trades directly from the chart, while Trade Nation does not. Both earned 4 out of 5 stars for Trading Platforms and Tools, yet FP Markets ranks higher at #23 out of 63 brokers on ForexBrokers.com, compared with Trade Nation at #45. If MT5 and chart-based order placement matter to you, FP Markets has the edge; if you only need MT4 with web and desktop access, either broker can work.
| Feature |
FP Markets
|
Trade Nation
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 115 |
| Charting - Trade From Chart | Yes | No |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and Trade Nation both deliver full-featured mobile trading apps for iPhone and Android, with price alerts, trendline drawing, and auto‑saved chart annotations. Charting differs: FP Markets uses MetaTrader’s standard indicator set, while Trade Nation includes 99 technical studies out of the box. Another key difference is watchlists—Trade Nation syncs symbols across devices, but FP Markets does not.
Both apps earn 4 stars for mobile trading. However, in ForexBrokers.com’s Mobile Trading Apps category, FP Markets ranks #18 out of 63 brokers, while Trade Nation ranks #46. Choose FP Markets if you prefer a MetaTrader-centered experience and a higher category ranking; pick Trade Nation if cross‑device watchlist syncing and a larger built‑in indicator library are priorities.
| Feature |
FP Markets
|
Trade Nation
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 99 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Comparing FP Markets vs Trade Nation for market research, both brokers deliver daily market commentary and stream forex news from top-tier sources like Bloomberg or Reuters. Each also provides a sentiment tool that shows the ratio of long and short positions. According to ForexBrokers.com, FP Markets earns 4 stars and ranks #25 out of 63 for Research, while Trade Nation scores 3.5 stars and ranks #43.
FP Markets stands out for its analysis tools, offering Autochartist and Trading Central, plus an economic calendar for tracking upcoming global events. Trade Nation lacks Autochartist and Trading Central, and does not include an economic calendar, but it does add Acuity Trading’s Signal Centre for trading ideas—something FP Markets doesn’t offer. If you want more built-in technical and fundamental research and event tracking, FP Markets is the stronger pick; if Signal Centre is a priority, Trade Nation may appeal.
| Feature |
FP Markets
|
Trade Nation
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | 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.
FP Markets vs Trade Nation for beginner education shows some clear differences. Both brokers provide forex and CFD education through on-demand videos, including at least 10 beginner videos and 10 advanced videos that explain trading basics and more complex topics in simple terms. The major split is live learning: FP Markets runs client education webinars at least once a month, while Trade Nation does not offer ongoing educational webinars. If you like asking questions in real time, FP Markets has the edge; if you prefer self-paced videos, either broker can work.
Independent ratings back this up. FP Markets earns 4 out of 5 stars for Education and ranks 23rd out of 63 brokers at ForexBrokers.com. Trade Nation scores 3.5 out of 5 stars and ranks 41st out of 63. For new traders seeking a fuller mix of videos plus live sessions, FP Markets is the stronger pick, while Trade Nation suits learners who are happy with on-demand videos and fewer extras.
| Feature |
FP Markets
|
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 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
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|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 85 |
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Comparing online brokers FP Markets and Trade Nation: neither offers purchasing actual (delivered) cryptocurrencies, but both provide cryptocurrency CFD trading.
Comparing online brokers FP Markets vs Trade Nation: FP Markets offers PayPal, Skrill and bank wire funding (no ACH/SEPA), while Trade Nation also lacks ACH/SEPA and its support for PayPal, Skrill, Visa/Mastercard and bank wires—along with FP Markets’ Visa/Mastercard—was 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 | 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 | 2 | 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) | |||
| 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) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | FP Markets | Trade Nation | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 1000 | |
| Forex Pairs (Total) | 71 | 46 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | 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 | FP Markets | Trade Nation | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.2 | 0.6 | |
| All-in Cost EUR/USD - Active | 0.7 | 0.6 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FP Markets | Trade Nation | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $0 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | FP Markets | Trade Nation | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No |
| Trading Tools | FP Markets | Trade Nation | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 115 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 99 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | FP Markets | Trade Nation | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | No |
| Education | FP Markets | Trade Nation | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | FP Markets | 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 | 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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