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.
When comparing the trading platforms and tools of FxPro and Trade Nation, both brokers make strong contenders for traders at any experience level. FxPro and Trade Nation both offer simulated trading through free virtual demo accounts, providing a risk-free environment for beginners and experienced traders alike to practice and hone their strategies. Each broker also boasts a proprietary platform developed in-house, along with Windows-based desktop downloads and web-based platforms, ensuring easy access across devices. Both support MetaTrader 4 (MT4) and copy trading options; however, only FxPro extends its offerings to MetaTrader 5 (MT5). Neither broker currently supports DupliTrade or ZuluTrade.
When delving into charting tools, FxPro offers 25 drawing tools, whereas Trade Nation provides a wider selection with 39. However, FxPro allows traders to execute trades directly from stock charts, a feature not available with Trade Nation. Regarding watch lists, Trade Nation offers a more comprehensive set-up with 14 columns available, in contrast to FxPro's six. While the overall ratings from ForexBrokers.com award both brokers four stars for their trading platforms and tools, FxPro comes in at a higher rank, placing 18th out of 62 brokers compared to Trade Nation's 44th position. These differences highlight FxPro's slight edge in certain facets of platform functionality, while Trade Nation takes the lead in charting options and customization through watch lists.
| 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.
When comparing market research offerings between FxPro and Trade Nation, both stand out by providing daily market commentary and forex news from established sources like Bloomberg, Reuters, and Dow Jones. Both brokers also provide sentiment-based trading tools, allowing traders to gauge the market mood with the ratio of long and short positions across various instruments. However, FxPro sets itself apart by incorporating tools from Trading Central, offering advanced technical analytics, and maintaining a comprehensive economic calendar to keep traders informed about global news events, a feature not available with Trade Nation.
Although neither broker uses Autochartist or TipRanks for market research tools, Trade Nation leverages Acuity Trading's Signal Centre to enhance its research offerings. In terms of ratings, FxPro edges out Trade Nation with a 4-star research rating compared to 3.5 stars, and ranks slightly better at #27 versus Trade Nation's #42 in ForexBrokers.com's research category. Overall, FxPro appears to offer a richer set of research tools, which could be more useful for traders who rely heavily on technical insights and global economic data.
| 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.
FxPro and Trade Nation both commit to aiding beginner traders by offering over 10 educational resources focused on forex and CFDs. While they both excel in providing educational articles and videos, neither offers monthly live webinars. However, FxPro provides a searchable archive of their past webinars, a feature absent in Trade Nation’s offerings. When it comes to beginner educational videos, both brokers provide ample content to help newcomers understand trading fundamentals.
For those looking to delve deeper, Trade Nation has an edge with more advanced educational videos, catering specifically to experienced traders. Both brokers offer an investor dictionary with over 50 terms, aiding in demystifying trading jargon. FxPro has earned a higher education rating of 4 stars compared to Trade Nation's 3.5 stars, in addition to holding a better ranking among 62 brokers on ForexBrokers.com, positioned at #17 compared to Trade Nation’s #41.
| 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
|
Trade Nation
|
|---|---|---|
| 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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