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FXCM vs Trade Nation 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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

FXCM
4.5/5 Stars Overall
  • Minimum Deposit: Starts from $50
  • Trust Score: 95
  • Tradeable Symbols (Total): 440
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 1999, FXCM is a well-established player in the online brokerage industry. With a strong public presence as a publicly traded company, FXCM holds 4 highly trusted Tier-1 licenses and 2 trusted Tier-2 licenses. This regulatory foundation delivers a ForexBrokers.com Trust Score of 95, marking it as a highly trusted broker for traders seeking security and reliability.

On the other hand, Trade Nation, founded in 2014, offers a more recent entry into the market. Although it is not publicly traded, Trade Nation holds 2 Tier-1 licenses and 1 Tier-2 license. These credentials contribute to a ForexBrokers.com Trust Score of 85, categorizing it as a trusted choice for traders looking for dependable trading solutions. Neither FXCM nor Trade Nation operates as a bank, focusing instead on providing dedicated trading services.

Feature FXCM logoFXCM
Trade Nation logoTrade Nation
Year Founded info 1999 2014
Publicly Traded (Listed) info Yes No
Bank info No No
Tier-1 Licenses info 4 2
Tier-2 Licenses info 2 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 2

Fees

When it comes to commissions and fees, FXCM offers slightly above-average pricing in the forex trading market. For standard accounts, their spreads on the EUR/USD pair averaged 0.78 pips in the EU, U.K., and Australia, while their St. Vincent and the Grenadines entity showed wider spreads at 1.38 pips, surpassing industry norms. Commission-based account holders enjoy narrower average spreads of 0.28 pips, excluding commissions, for May 2024. Although FXCM provides active trader discounts that can significantly reduce spreads depending on your trading volume and location, spreads can vary greatly during rollover periods and unstable market conditions. FXCM holds a 4-star rating for commissions and fees and is ranked 25th out of 63 brokers by ForexBrokers.com.

Trade Nation, on the other hand, is known for its competitive fixed-spread pricing across its proprietary platform and offers variable spreads on its MetaTrader platform. With fixed spreads, traders can expect a consistent pricing structure, except during daily rollover periods when spreads may briefly widen. For the EUR/USD pair, Trade Nation maintains a fixed spread of 0.6 pips, occasionally reaching up to 1.4 pips during rollovers, with an average spread hovering around 1 pip. Trade Nation's three account types include two MetaTrader options and the TN Trader account on its proprietary platform, with the latter offering the lowest spreads. Trade Nation outshines in this area with a 5-star rating for commissions and fees and ranks 7th out of 63 brokers according to ForexBrokers.com.

Ultimately, while FXCM provides decent competitive spreads with potential discounts for high-volume traders, Trade Nation leads with its fixed-spread model and transparent pricing strategy. Trade Nation's superior rating and higher ranking indicate that it may be more appealing to traders looking for predictable and cost-effective trading conditions.

Feature FXCM logoFXCM
Trade Nation logoTrade Nation
Minimum Deposit info Starts from $50 $0
Average Spread EUR/USD - Standard info 0.78 info 0.6
All-in Cost EUR/USD - Active info 0.78 info 0.6
Active Trader or VIP Discounts info Yes No
ACH or SEPA Transfers info Yes 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

When comparing FXCM and Trade Nation for investment opportunities, both brokers provide forex trading as either a contract for difference (CFD) or spot contract, offering traders flexibility in how they engage with the foreign exchange market. Each platform supports an identical range of 46 tradeable forex pairs, catering well to currency trading enthusiasts. Where Trade Nation distinguishes itself is with its broader selection of tradeable symbols, offering 1000 compared to FXCM's 440, potentially appealing to users interested in a wider variety of investment options. Despite this difference in symbol variety, neither broker provides access to exchange-traded securities on either U.S. or international exchanges. Meanwhile, both platforms support copy trading and enable trading in cryptocurrency derivatives, though purchasing actual cryptocurrency is off the table for both.

In terms of ratings, both FXCM and Trade Nation earn 3.5 stars out of five for their range of investments. However, they show variance in their rankings by ForexBrokers.com, with Trade Nation positioned more favorably at #38 out of 63 brokers, compared to FXCM's ranking at #47. Despite these similarities in star ratings, Trade Nation's broader array of tradeable symbols combined with its marginally better ranking might make it a more compelling choice for investors seeking variety in their trading portfolio. Each broker offers a combination of forex, cryptocurrency derivatives, and copy trading, but Trade Nationโ€™s wide range of symbols provides a slight edge for traders wanting more diversity.

Feature FXCM logoFXCM
Trade Nation logoTrade Nation
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 440 1000
Forex Pairs (Total) info 46 info 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 FXCM and Trade Nation in terms of their trading platforms and tools, both brokers offer paper trading through virtual demo accounts, allowing traders to practice before committing real funds. Each company provides a proprietary platform alongside the widely-used MetaTrader 4 (MT4), addressing various trader preferences. Both brokers also support Windows-based desktop platforms and web-based browser platforms. However, a significant difference is observed in copy trading abilities; FXCM supports ZuluTrade, unlike Trade Nation. FXCM's offering of 10 drawing tools might sound limited compared to Trade Nation's richer selection of 39, but FXCM allows traders to execute trades directly from stock charts, while Trade Nation does not. Additionally, FXCM's watch lists feature includes 13 columns, just a notch below Trade Nation's 14.

FXCM takes the lead in user satisfaction with a five-star rating for its trading platforms and tools, while Trade Nation follows with four stars. Reflecting their strengths, FXCM is ranked 6th out of 63 brokers in this category by ForexBrokers.com, significantly higher than Trade Nation at 44th place. These insights underline FXCM's edge in providing a more advanced and highly-rated trading experience, especially for users prioritizing ZuluTrade integration and chart-based trading functionality. Meanwhile, Trade Nation may appeal to those who prefer a more extensive array of drawing tools and a slightly more detailed watch list.

Feature FXCM logoFXCM
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 No No
DupliTrade info No No
ZuluTrade info Yes info No
Charting - Indicators / Studies (Total) info 115 115
Charting - Drawing Tools (Total) info 10 39
Charting - Trade From Chart info Yes No
Watchlists - Total Fields info 13 14

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

Forex trading apps

When considering mobile trading apps, both FXCM and Trade Nation offer comprehensive options for iPhone and Android users, making it easy to trade on the go. Each app provides features like price alerts and synchronized watchlists to keep investors informed and connected between platforms. However, when it comes to charting tools, FXCM offers 59 technical studies, while Trade Nation steps it up with 99, giving those who rely on technical analysis a broader selection. Both apps allow users to draw trend lines on charts, view various time frames such as daily or intraday, and auto-save their chart drawings, making analysis straightforward.

In terms of user experience and ratings, FXCM's mobile trading app edges out with a score of 4.5 stars, compared to Trade Nation's 4-star rating. This difference is reflected in their rankings out of 63 brokers, with FXCM positioned at #16 and Trade Nation at #45 according to ForexBrokers.com. Both apps support real-time quote watchlists, ensuring traders have access to up-to-date market information. Overall, while both platforms offer solid mobile trading solutions, FXCM might be a preferred choice for users prioritizing app performance and ratings.

Feature FXCM logoFXCM
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 Yes Yes
Mobile Charting - Indicators / Studies info 59 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 it comes to market research, both FXCM and Trade Nation deliver daily commentary and provide forex news from high-quality sources like Bloomberg and Reuters. However, FXCM stands out with its access to Trading Central tools, offering more in-depth technical analytics. Both brokers provide sentiment-based trading tools, allowing traders to view the ratio of long and short positions across various instruments. While FXCM offers market insights from TipRanks and includes an economic calendar for global events, Trade Nation compensates by offering tools from Acuity Trading, like the Signal Centre.

FXCM receives a superior rating of 4.5 stars and ranks 11th among 63 brokers, showcasing its strong commitment to delivering comprehensive market research tools. In contrast, Trade Nation has a 3.5-star rating and ranks 42nd. Despite both offering daily commentary and top-tier forex news, the differences in technical analysis tools and market research sources might influence traders looking for more robust and varied market insights.

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

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When comparing the educational resources for beginners between FXCM and Trade Nation, both brokers provide a solid foundation for new traders by offering more than ten educational pieces focused on forex or CFDs. These may include articles, videos, or webinars. However, FXCM enhances its offerings with online educational webinars available monthly. This interactive platform for learning sets FXCM apart and is further bolstered by a searchable archive of recorded sessions for convenient re-watching, which Trade Nation does not offer. Both brokers cater to beginner and advanced traders with at least ten educational videos for each level, and both maintain an investor dictionary for reference, boasting definitions for over 50 investing terms.

In terms of recognition and ratings, FXCM is awarded 4.5 stars for its educational services, reflecting a robust educational structure. In contrast, Trade Nation's educational services receive a 3.5-star rating. Among a pool of 63 brokers, FXCM holds a respectable #14 ranking according to ForexBrokers.com, highlighting its commendable educational resources. On the other hand, Trade Nation sits at #41, indicating there is room for growth in their educational offerings. The difference in rankings underscores FXCM as a potentially more advantageous option for beginners seeking extensive educational support.

Feature FXCM logoFXCM
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 FXCM is better than Trade Nation. FXCM finished with an overall rank of #15, while Trade Nation finished with an overall rank of #34.

For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.

Feature FXCM logoFXCM
Trade Nation logoTrade Nation
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 95 85
Range of Investments 3.5/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 5/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with FXCM or Trade Nation?

Both FXCM and Trade Nation do not provide the option to purchase actual delivered cryptocurrency, but they do offer the ability to buy cryptocurrency derivatives, allowing traders to speculate on price movements without owning the underlying asset.

What funding options does each broker offer?

FXCM stands out as an online broker by offering a wider range of deposit and withdrawal options than Trade Nation, including ACH, SEPA transfers, and PayPal, alongside shared options like Skrill, Visa, Mastercard, and bank wires.




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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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 FXCM Trade Nation
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 5/5 Stars
Range of Investments 3.5/5 Stars 3.5/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 95 85
Winner check_circle
Review FXCM Review Trade Nation Review
Broker Screenshots FXCM 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 FXCM Trade Nation
Trust Score info 95 85
Year Founded info 1999 2014
Publicly Traded (Listed) info Yes No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 4 2
Tier-2 Licenses info 2 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 2
Tier-1 Licenses (Highly Trusted) FXCM Trade Nation
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info Yes 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 Yes 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) FXCM Trade Nation
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info Yes 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 FXCM Trade Nation
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 440 1000
Forex Pairs (Total) info 46 info 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 FXCM Trade Nation
Average Spread EUR/USD - Standard info 0.78 info 0.6
All-in Cost EUR/USD - Active info 0.78 info 0.6
Active Trader or VIP Discounts info Yes No
Inactivity Fee info Yes No
Execution: Agency Broker info Yes No
Execution: Market Maker info Yes Yes
Funding FXCM Trade Nation
Minimum Deposit info Starts from $50 $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 Yes No
Trading Platforms FXCM 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 No No
cTrader info No No
DupliTrade info No No
ZuluTrade info Yes info No
Trading Tools FXCM Trade Nation
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 13 14
Charting - Indicators / Studies (Total) info 115 115
Charting - Drawing Tools (Total) info 10 39
Charting - Trade From Chart info Yes No
Charts can be saved info Yes No
Mobile Trading FXCM 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 Yes Yes
Mobile Charting - Indicators / Studies info 59 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 FXCM Trade Nation
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes No
TipRanks info Yes No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes No
Education FXCM 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 FXCM 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 FXCM Review Trade Nation Review
Overall FXCM Trade Nation
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 5/5 Stars
Range of Investments 3.5/5 Stars 3.5/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 95 85
Winner check_circle
Review FXCM Review Trade Nation Review
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