Trade Nation vs FXOpen Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare Trade Nation vs FXOpen.
Does Trade Nation or FXOpen offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Trade Nation
offers better pricing overall for traders.
Is Trade Nation or FXOpen safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both Trade Nation and FXOpen hold 2 global Tier-1 licenses. Both Trade Nation and FXOpen hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, Trade Nation earned a higher Trust Score than FXOpen.
Which trading platform is better: Trade Nation or FXOpen?
To compare the trading platforms of both Trade Nation and FXOpen, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Trade Nation offers a better experience. With research, Trade Nation offers superior market research. Finally, we found Trade Nation to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both Trade Nation and FXOpen offer MetaTrader 4 (MT4).Copy trading is not offered by either broker.
How many forex pairs and CFDs are available to trade?
Trade Nation provides traders 33 currency pairs (e.g., EUR/USD) compared to FXOpen's 25 available pairs. Forex pairs aside, Trade Nation offers traders access to 601 CFDs while FXOpen has 87 available CFDs, a difference of 514.
Can I trust Trade Nation?
Trade Nation is not publicly traded and does not operate a bank. Trade Nation is authorized by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). Trade Nation is authorised by the following tier-1 regulator: Australian Securities & Investment Commission (ASIC) and Financial Conduct Authority (FCA).
Can I trust FXOpen?
FXOpen is not a publicly traded company, doesn't operate a bank, and is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). FXOpen is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).
Is Trade Nation good?
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.
Is FXOpen good?
FXOpen is a long standing MetaTrader broker with a narrow offering and few benefits beyond a standard MetaTrader experience coupled with social-trading platforms ZuluTrade and Myfxbook.
Overall winner: Trade Nation
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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.