Written by ForexBrokers.com
In this head to head comparison of Trade Nation vs FXOpen, 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.
Trade Nation and FXOpen are both online brokerage firms with a focus on providing trading services, but they differ in their founding years and regulatory standings. Established in 2014, Trade Nation holds two Tier-1 licenses and one Tier-2 license, reflecting a commitment to maintaining regulatory oversight. With a Trust Score of 85 from ForexBrokers.com, Trade Nation falls into the "trusted" category. However, it is neither publicly traded nor operates as a bank.
In contrast, FXOpen was founded in 2003 and also holds two Tier-1 licenses. Despite its longer presence in the industry, FXOpen has a Trust Score of 76, placing it at "average risk" according to ForexBrokers.com. Like Trade Nation, FXOpen is not publicly traded and does not function as a bank. Both firms showcase their dedication to regulation by maintaining Tier-1 licenses, providing traders with a sense of security on a global scale.
| Feature |
Trade Nation
|
FXOpen
|
|---|---|---|
| Year Founded | 2014 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
In the realm of online brokerage, Trade Nation distinguishes itself with its competitive pricing and simple fee structure. Traders benefit from fixed-spread pricing across all tradeable symbols on Trade Nation's proprietary platform and variable-spread pricing on its MetaTrader platform. Most notably, Trade Nation maintains a fixed spread of 0.6 pips for EUR/USD, although this can increase to as much as 1.4 pips during daily rollover periods. Their range of account types includes two MetaTrader options—a commission-based Raw Spread account charging $7 per round-trip per standard lot and a commission-free account—alongside the TN Trader account designed for their proprietary platform. This account offers potentially lower spreads, making it a strong contender for traders seeking straightforward, predictable fees.
In contrast, FXOpen does not provide average spread data, making precise comparison difficult. Both brokers offer a distinct pricing model tailored to match different trading strategies. While Trade Nation's fixed spreads offer predictability, FXOpen's offering lacks transparency regarding actual spread averages, placing more emphasis on their commission-based accounts. Consequently, traders with FXOpen may need to explore other aspects beyond spreads to assess overall trading costs.
Trade Nation outperforms with a stellar 5-star rating for commissions and fees and ranks #7 among 63 brokers by ForexBrokers.com. FXOpen, while also reliable, is rated 4 stars and ranks #44 in the same category. This notable preference for Trade Nation could be attributed to its fixed-spread approach and clear-cut pricing options, providing a more predictable and competitive trading environment.
| Feature |
Trade Nation
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 0.6 | N/A |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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.
Trade Nation and FXOpen both cater to traders looking to explore forex trading through CFDs or spot contracts. Trade Nation offers a more expansive selection, with 1,000 tradeable symbols, including 46 forex pairs. In comparison, FXOpen provides 87 symbols and 25 forex pairs. Neither broker offers the option to buy or sell exchange-traded securities on U.S. or international exchanges, such as shares of companies like Apple or Vodafone.
For those interested in cryptocurrency derivatives, both Trade Nation and FXOpen have offerings, but neither allows purchasing actual cryptocurrencies. Copy trading is supported by both platforms, allowing traders to replicate the strategies of successful investors. In terms of the variety of investments, Trade Nation is rated 3.5 out of 5 stars and ranks 38th among 63 brokers on ForexBrokers.com, whereas FXOpen garners a 3-star rating and is placed 62nd.
| Feature |
Trade Nation
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 87 |
| Forex Pairs (Total) | 46 | 25 |
| 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). |
Dive deeper: Best Copy Trading Platforms.
When choosing between Trade Nation and FXOpen for trading platforms and tools, both brokers offer unique features that cater to different trading needs. Trade Nation stands out with its proprietary platform, allowing users access to a system uniquely tailored by the broker itself. It offers a virtual demo account for new traders to practice without risk. Moreover, Trade Nation provides MetaTrader 4 but not MetaTrader 5, and while it doesn't support ZuluTrade, it excels in offering diverse drawing tools for charting with a count of 39. It lacks direct trading from stock charts but compensates with 14 fields for watch lists, making it comprehensive for traders who prefer an organized layout.
On the other hand, FXOpen offers both MetaTrader 4 and MetaTrader 5, providing flexibility for those who want the latest features of MT5. Although FXOpen doesn't have a proprietary platform and offers fewer drawing tools than Trade Nation, it supports ZuluTrade for traders interested in social trading. FXOpen also enables trading directly from stock charts, a feature that can enhance trading efficiency for active traders. Despite having fewer fields in watch lists, it maintains a strong platform offering. Both brokers provide downloadable and web-based platforms, ensuring accessibility across devices. Consumer reviews rate both brokers similarly at 4 stars, reflecting satisfaction with their trading tools, though Trade Nation ranks slightly higher on ForexBrokers.com in this category.
| Feature |
Trade Nation
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 115 | 30 |
| Charting - Drawing Tools (Total) | 39 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 14 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Trade Nation and FXOpen both offer comprehensive mobile apps for iPhone and Android users, ensuring easy access for traders on the go. While both platforms provide crucial features such as price alerts and the ability to create watchlists with real-time quotes, Trade Nation stands out when it comes to syncing capabilities. Its app allows users to sync watchlists with their online account, providing a seamless transition between devices, a feature FXOpen doesn't offer. However, both apps support trendline drawing and multiple time frame options for chart analysis, catering to a variety of trading styles.
For traders who rely on technical analysis, Trade Nation offers a significant advantage with 99 technical studies available in its mobile app compared to FXOpen's 30. Furthermore, Trade Nation ensures all chart drawings are automatically saved, adding an extra layer of convenience. Despite these differences, both brokers have been awarded four out of five stars for their mobile trading apps. In rankings by ForexBrokers.com, Trade Nation is positioned slightly higher at #45, compared to FXOpen's #54, making Trade Nation a slightly more favorable choice for users prioritizing charting features and app integration.
| Feature |
Trade Nation
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 99 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, both Trade Nation and FXOpen provide daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. However, Trade Nation holds a slight edge with its sentiment-based trading tool, which offers insight into the ratios of long and short positions for various instruments, a feature FXOpen lacks. On the technical analysis front, neither broker utilizes tools from Autochartist or Trading Central, but Trade Nation benefits from research tools provided by Acuity Trading, unlike FXOpen.
FXOpen offers an economic calendar that displays global news events, a feature that Trade Nation does not provide. In terms of overall research quality, Trade Nation is rated at 3.5 stars, slightly outperforming FXOpen’s 3 stars. This difference is reflected in their rankings by ForexBrokers.com, where Trade Nation is positioned at #42 out of 63 brokers, while FXOpen trails significantly behind at #63. Overall, Trade Nation appears to have a slightly more diverse set of research tools than FXOpen, offering a broader array of features for traders interested in gaining market insight.
| Feature |
Trade Nation
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | Yes | |
| Economic Calendar | No | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, Trade Nation outshines FXOpen with its comprehensive offerings. Trade Nation provides over 10 educational pieces focused on forex and CFDs, alongside a wealth of beginner-friendly videos that cover essential trading topics. Additionally, advanced traders can take advantage of more specialized video content tailored to their needs. Trade Nation also offers an investor dictionary with definitions of over 50 investing terms, making it a valuable resource for those starting in the trading world. FXOpen, on the other hand, falls short in comparison, lacking a comparable volume of beginner and advanced educational materials. However, it matches Trade Nation in offering an investor dictionary, ensuring some foundational knowledge for its users. In terms of educational quality, Trade Nation earns a 3.5-star rating and ranks 41st out of 63 brokers, while FXOpen holds a slightly lower rating of 3 stars, ranking 58th.
Neither broker currently provides monthly educational webinars or a searchable archive of past webinars, which may limit opportunities for interactive learning and catching up on missed content. For beginners keen on a richer educational experience, Trade Nation's robust array of articles, videos, and dictionary terms make it the more attractive option. While both brokers offer tools to understand investing terms, Trade Nation's commitment to providing a wide range of beginner and advanced content gives it the edge for newcomers looking to deepen their understanding of forex and CFDs trading.
| Feature |
Trade Nation
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| 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 Trade Nation is better than FXOpen. Trade Nation finished with an overall rank of #34, while FXOpen finished with an overall rank of #54.
Trade Nation’s well-designed, easy-to-use trading app is an innovative trading platform that’s great for beginner forex and CFD traders. However, if you’re a seasoned trader, you may find that Trade Nation lacks advanced features compared to the best trading platforms.
| Feature |
Trade Nation
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FXOpen
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| Overall Rating |
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| Trust Score | 85 | 76 |
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Both Trade Nation and FXOpen do not allow the purchase of actual cryptocurrency, but they each offer options to trade cryptocurrency derivatives.
Both Trade Nation and FXOpen provide numerous options for depositing and withdrawing funds, including Skrill, Visa, Mastercard, and bank wires, but neither platform supports ACH, SEPA, or PayPal transactions.
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 | Trade Nation | FXOpen | |
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| Trust Score | 85 | 76 | |
| Winner | check_circle | ||
| Review | Trade Nation Review |
| Broker Screenshots | Trade Nation | FXOpen | |
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| Regulation | Trade Nation | FXOpen | |
|---|---|---|---|
| Trust Score | 85 | 76 | |
| Year Founded | 2014 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | Trade Nation | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| 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) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | Trade Nation | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Trade Nation | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 87 | |
| Forex Pairs (Total) | 46 | 25 | |
| 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). |
| Cost | Trade Nation | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.6 | N/A | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Trade Nation | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | 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 | Trade Nation | FXOpen | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Trade Nation | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 14 | 7 | |
| Charting - Indicators / Studies (Total) | 115 | 30 | |
| Charting - Drawing Tools (Total) | 39 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | Trade Nation | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 99 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | No | Yes |
| Research | Trade Nation | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | No | Yes |
| Education | Trade Nation | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Trade Nation | FXOpen | |
|---|---|---|---|
| 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 | Trade Nation Review |
| Overall | Trade Nation | FXOpen | |
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| Trust Score | 85 | 76 | |
| Winner | check_circle | ||
| Review | Trade Nation Review |
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