Written by ForexBrokers.com
In this head to head comparison of FxPro 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.
FxPro and Trade Nation are both well-established online brokers, although their origins differ. Founded in 2006, FxPro is a banking entity while Trade Nation, established in 2014, is not a bank. Neither broker is publicly traded, meaning they do not list on any stock exchange. Yet, both hold a solid standing in terms of regulatory compliance. FxPro and Trade Nation each possess two Tier-1 licenses, which are highly trusted according to ForexBrokers.com, as well as one Tier-2 license, denoting a reliable level of trust.
FxPro boasts a higher Trust Score of 93 out of 99 on ForexBrokers.com, indicating a strong level of trust, while Trade Nation holds a respectable score of 85, categorizing it as a trusted broker. This difference suggests that while both brokers maintain a commendable regulatory reputation, FxPro is perceived as being slightly more reliable in the eyes of ForexBrokers.com evaluators.
| Feature |
FxPro
|
Trade Nation
|
|---|---|---|
| Year Founded | 2006 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
FxPro’s commission and fee structure stands out for the availability of both fixed and variable spreads. However, its pricing is generally above the industry average, making it less competitive compared to brokers like Pepperstone or IC Markets. With a star rating of 4 out of 5, FxPro ranks 32nd among 62 brokers according to ForexBrokers.com. FxPro offers its most competitive pricing via the cTrader platform, where EUR/USD trading involves an effective spread of approximately 1.27 pips, which comprises an average spread of 0.37 pips plus a 0.9 pip commission-equivalent. The floating-rate model on MT4 and MT5 features spreads of 1.58 pips on market execution, and 1.71 pips on instant execution.
In contrast, Trade Nation offers more competitive commission and fee structures with a 5-star rating and an impressive rank of 7th out of 62 brokers on ForexBrokers.com. Trade Nation provides fixed-spread pricing across all its platforms, which simplifies predicting trading costs for users. For the EUR/USD pair, Trade Nation lists a fixed spread of 0.6 pips, although spreads can widen to about 1.4 pips during daily rollover periods. Despite this brief fluctuations, Trade Nation’s pricing tends to average closer to 1 pip.
Trade Nation differentiates itself with three primary account types, focusing on commission-free and commission-based options. The MetaTrader-based accounts include a Raw Spread account with a $3.50 per-side commission per standard lot and a commission-free option. Alternatively, its proprietary TN Trader web platform offers the lowest spreads among the available account types, effectively positioning Trade Nation as a highly competitive option for traders focusing on spread costs.
| Feature |
FxPro
|
Trade Nation
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 1.51 | 0.6 |
| All-in Cost EUR/USD - Active | 1.27 | 0.6 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | 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.
When it comes to the variety of investments available, both FxPro and Trade Nation offer a comprehensive range of options for traders. FxPro provides a significant edge with 2,249 tradeable symbols, including 70 forex pairs. Trade Nation, although offering fewer tradeable items, still provides a solid choice with 1,000 symbols and 46 forex pairs. Both brokers offer forex trading as CFDs, but neither allows the purchase of physical cryptocurrency or individual securities on U.S. exchanges like Apple shares. However, FxPro allows access to international exchange-traded securities, unlike Trade Nation, giving it a notable advantage for those looking to invest globally.
In addition to these offerings, both FxPro and Trade Nation enable traders to participate in copy trading, adding another layer to their service for clients seeking to follow successful trading strategies. Regarding cryptocurrency derivatives, both brokers offer this option, broadening the scope of speculative investment opportunities. Based on evaluations for the range of investments, FxPro achieves a higher rating of 4 stars, ranking 28th out of 62 brokers in ForexBrokers.com's list. Trade Nation is close behind with a 3.5-star rating, holding the 38th position in the same category.
| Feature |
FxPro
|
Trade Nation
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 1000 |
| Forex Pairs (Total) | 70 | 46 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | 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.
Choosing between FxPro and Trade Nation for trading platforms and tools boils down to a few key differences. Both brokers provide free virtual demo accounts, letting traders practice in a risk-free environment. They also offer proprietary, Windows-based, and web-based trading platforms. Importantly, both support MetaTrader 4 (MT4), but only FxPro extends its offering to include MetaTrader 5 (MT5). When it comes to copy trading, both brokers accommodate this feature, but neither offers DupliTrade or ZuluTrade. While details on the number of technical indicators aren't specified, FxPro provides more drawing tools, numbering 25, compared to Trade Nation's 39.
FxPro excels with direct trading from stock charts—an advantage over Trade Nation, which lacks this capability. Meanwhile, Trade Nation's watch lists offer more customization with 14 columns compared to FxPro's 6. Both brokers earn a solid 4-star rating for their trading platforms and tools. However, FxPro ranks higher at 17th place out of 62 brokers on ForexBrokers.com, while Trade Nation sits at 44th. These rankings and features may help traders decide which platform aligns better with their trading style and needs.
| Feature |
FxPro
|
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) | 53 | 115 |
| Charting - Drawing Tools (Total) | 25 | 39 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 6 | 14 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FxPro and Trade Nation offer mobile trading apps for iPhone and Android users, making them accessible for traders on the go. Each app provides crucial services such as stock and forex price alerts, watchlist symbol syncing with online accounts, and the capability to draw trendlines on charts. Users can view multiple time frames, whether daily, weekly, or intraday, enhancing their trading strategies. Both apps support creating watchlists with real-time quotes and ensure that any chart drawings are auto-saved for convenience.
When diving deeper into charting features, Trade Nation stands out with 99 technical studies compared to FxPro’s 65, potentially offering more in-depth analysis tools. Despite this, FxPro shines in user ratings, earning 4.5 out of 5 stars for its mobile trading experience, while Trade Nation scores 4 stars. Furthermore, based on evaluations from ForexBrokers.com, FxPro is ranked #15 among 62 brokers, a significant lead over Trade Nation's #45 ranking. FxPro's higher rating and ranking could indicate a superior user experience, appealing to traders seeking highly-rated mobile trading apps.
| Feature |
FxPro
|
Trade Nation
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 65 | 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.
Both FxPro and Trade Nation provide traders with essential tools for analyzing the markets, including daily market commentary and forex news from top-tier sources like Bloomberg and Reuters. However, FxPro edges ahead by offering an economic calendar and trading tools from Trading Central, such as Technical Analytics, which are not available at Trade Nation. Although both brokers provide sentiment-based trading tools, only Trade Nation includes research tools from Acuity Trading, such as Signal Centre, giving it a slight advantage in this area. FxPro, however, maintains a better research rating, earning 4 stars compared to Trade Nation's 3.5 stars.
In terms of research offerings, FxPro is ranked 26th out of 62 brokers, according to ForexBrokers.com, while Trade Nation is positioned at 42nd. This ranking reflects FxPro's robust array of market research tools that include more comprehensive information and analytical resources, making it a viable option for traders in need of extensive market analysis. While Trade Nation does provide valuable insights, its absence of an economic calendar and certain analytical tools might limit its appeal to traders seeking in-depth market data and analysis.
| Feature |
FxPro
|
Trade Nation
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | 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, both FxPro and Trade Nation offer similar foundational materials, including at least 10 educational pieces focused on forex and CFDs. These resources include articles, videos, and other content aimed at helping newcomers understand trading fundamentals. Both brokers also provide a comparable selection of beginner-friendly videos to ease newcomers into the world of trading. However, a crucial difference lies in the availability of webinars. FxPro provides an archive of recorded webinars, which can be a valuable tool for learning at your own pace, unlike Trade Nation, which lacks this feature.
Although Trade Nation excels in offering a range of advanced educational videos, which may benefit more experienced traders looking to enhance their skills, beginners may find FxPro's comprehensive educational support more appealing. FxPro’s inclusion of an investor dictionary with over 50 trading terms is another added benefit, mirroring what Trade Nation offers. Overall, FxPro's education resources earn a higher rating of four stars compared to Trade Nation's 3.5 stars, reflecting the more extensive learning opportunities available for beginners. Consequently, ForexBrokers.com ranks FxPro significantly higher at 18th place among 62 brokers for educational offerings, while Trade Nation trails at 41st place. This ranking highlights FxPro's edge over Trade Nation in equipping beginners with accessible and varied educational content.
| Feature |
FxPro
|
Trade Nation
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that FxPro is better than Trade Nation. FxPro finished with an overall rank of #21, while Trade Nation finished with an overall rank of #34.
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
| Feature |
FxPro
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Trade Nation
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|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 85 |
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Both FxPro and Trade Nation do not provide the option to purchase actual delivered cryptocurrencies, but they do offer the ability to trade cryptocurrency derivatives.
In comparing online brokers, FxPro outshines Trade Nation by offering a wider range of deposit and withdrawal options, including ACH, SEPA transfers, and PayPal, while both provide support for Skrill, Visa/Mastercard, and bank wire transfers.
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 | FxPro | Trade Nation | |
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| Trust Score | 93 | 85 | |
| Winner | check_circle | ||
| Review | FxPro Review | Trade Nation Review |
| Broker Screenshots | FxPro | Trade Nation | |
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| Regulation | FxPro | Trade Nation | |
|---|---|---|---|
| Trust Score | 93 | 85 | |
| Year Founded | 2006 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | 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) | FxPro | Trade Nation | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | Yes | 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) | FxPro | 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 | FxPro | Trade Nation | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 1000 | |
| Forex Pairs (Total) | 70 | 46 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | FxPro | Trade Nation | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.51 | 0.6 | |
| All-in Cost EUR/USD - Active | 1.27 | 0.6 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FxPro | Trade Nation | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | Yes | No |
| Trading Platforms | FxPro | 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 | FxPro | Trade Nation | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 14 | |
| Charting - Indicators / Studies (Total) | 53 | 115 | |
| Charting - Drawing Tools (Total) | 25 | 39 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | No |
| Mobile Trading | FxPro | Trade Nation | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 65 | 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 | FxPro | Trade Nation | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | No |
| Education | FxPro | Trade Nation | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FxPro | 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 | FxPro Review | Trade Nation Review |
| Overall | FxPro | Trade Nation | |
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| Trust Score | 93 | 85 | |
| Winner | check_circle | ||
| Review | FxPro Review | Trade Nation Review |
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