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 |
When it comes to commissions and fees, FxPro is considered more expensive than some of its industry competitors. Traders can choose between variable or fixed spreads on the MT4 platform, with two execution methods: instant execution with no slippage but requotes, and market execution with potential slippage but no requotes. Notably, FxPro's most competitive spreads are offered on the cTrader platform with commission-based pricing, featuring an effective spread of approximately 1.27 pips for the EUR/USD pair. However, even with active trader discounts up to 30%, FxPro struggles to compete with top-performing alternatives like FOREX.com, IG, and Saxo. Overall, FxPro holds a 4-star rating and is ranked #32 out of 63 brokers in the Commissions and Fees category by ForexBrokers.com.
Trade Nation, on the other hand, shines with competitive fixed-spread pricing across its platforms. Its proprietary platform offers a fixed spread of 0.6 pips for the EUR/USD pair, maintaining a stable pricing structure, although spreads may widen to 1.4 pips during a brief daily rollover. Trade Nation provides three primary account types, including a commission-based Raw Spread account and a commission-free account on MetaTrader, as well as a proprietary TN Trader account. The TN Trader account generally offers the lowest spreads among its options. These features, along with stable pricing, contribute to Trade Nation receiving a 5-star rating and a #7 ranking in the Commissions and Fees category by ForexBrokers.com.
In summary, while FxPro offers flexibility through multiple platforms and pricing models, its higher cost structure remains a hurdle. Trade Nation, however, stands out with its straightforward fixed-spread structure, providing more predictable and favorable pricing, which has resulted in higher ratings and rankings compared to FxPro in the area of commissions and fees.
| 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 comparing the range of investments between FxPro and Trade Nation, both platforms offer forex trading through contracts for difference (CFDs) or spot contracts. However, FxPro stands out with a more extensive selection, providing access to 2249 tradeable symbols, compared to Trade Nation's 1000 symbols. As for forex pairs, FxPro offers 70, while Trade Nation lists 46. Neither broker offers the option to trade U.S.-listed securities directly, such as purchasing Apple shares outright. Nonetheless, FxPro does offer the option to buy international exchange-traded securities like Vodafone on the London Stock Exchange, a feature Trade Nation lacks.
Both brokers support copying trading strategies and provide the ability to trade cryptocurrency derivatives, though neither allows for the purchase of actual cryptocurrencies. In terms of overall investment range, FxPro is recognized with a 4-star rating and ranks #28 out of 63 brokers in the Range of Investments category by ForexBrokers.com, edging out Trade Nation, which holds a 3.5-star rating and ranks #38. Thus, for investors seeking a broader array of options, FxPro demonstrates a slight advantage over Trade Nation.
| 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.
FxPro and Trade Nation are both prominent online brokers offering a comprehensive array of trading platforms and tools. Both brokers provide users with a free virtual demo account, allowing for simulated trading before diving into live markets. Each also offers proprietary platforms developed in-house, ensuring a personalized trading experience. For desktop enthusiasts, both brokers have Windows-based trading platforms available for download. The convenience of web-based trading is not overlooked, as each platform supports browser-based solutions. While FxPro and Trade Nation both enable copy trading and access to the popular MetaTrader 4 (MT4), only FxPro extends the availability to MetaTrader 5 (MT5), enabling access to newer features and markets.
When it comes to charting and trading tools, FxPro offers 25 drawing tools and the advantage of trading directly from stock charts, a feature that is unavailable with Trade Nation. In terms of watch lists, Trade Nation provides up to 14 customizable fields, surpassing FxPro's available six. However, despite Trade Nation's lead in watch list customization, both brokers are rated with four stars for their trading platforms and tools. FxPro enjoys a slightly higher position in ForexBrokers.com's rankings at #17 out of 63 brokers compared to Trade Nation's #44, indicating a marginally better overall rating in this category.
| 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 feature-rich mobile trading apps for iPhone and Android users, making them convenient options for trading on the go. Each app allows users to set price alerts for stock or forex markets, ensuring you're always in the loop with market changes. They also support watchlist symbol syncing, so you can easily manage and monitor your investments from both your mobile device and online account. While both apps allow users to draw trendlines, view multiple time frames, and auto-save chart drawings, Trade Nation takes a slight edge in technical studies, offering 99 compared to FxPro's 65.
When it comes to user ratings and industry rankings, FxPro's mobile app boasts an impressive rating of 4.5 stars, outshining Trade Nation's 4 stars. Furthermore, FxPro is ranked #15 in the Mobile Trading Apps category by ForexBrokers.com, well ahead of Trade Nation's position at #45. With the ability to create watchlists with real-time quotes provided by both platforms, ForexPro slightly leads in user satisfaction and industry recognition. Whether you value comprehensive charting tools or higher user ratings, both brokers offer compelling mobile trading solutions.
| 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 FxPro and Trade Nation in terms of market research offerings, both brokers deliver daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. However, FxPro goes a step further by providing tools like Trading Central's Technical Analytics and an economic calendar to track global events, which Trade Nation lacks. Trade Nation compensates with research tools from Acuity Trading, such as Signal Centre, but misses out on some of the advanced tools FxPro users enjoy.
For sentiment-based trading tools, both brokers are on equal footing, offering insights into long and short positions across currency pairs. Despite some similarities, FxPro’s broader array of research tools earns it a 4-star rating compared to Trade Nation's 3.5 stars on ForexBrokers.com. In rankings, FxPro holds the 26th position out of 63 brokers, while Trade Nation stands at 42nd, reflecting FxPro's edge in providing a more comprehensive research experience.
| 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.
For beginners looking to dive into the world of forex and CFDs, both FxPro and Trade Nation provide an array of educational resources. FxPro offers a rich selection of over ten educational pieces that include articles, videos, and archived webinars focused on forex and CFDs. Beginners benefit from over ten introductory videos meticulously designed to ease new traders into the trading world. Notably, FxPro also provides a searchable archive of previously recorded webinars and an investor dictionary with definitions of over 50 investing terms, aiding learners in building a strong foundational knowledge. Overall, FxPro is rated 4 stars for education and stands as the 18th ranked broker in this category by ForexBrokers.com.
Trade Nation, on the other hand, also offers a commendable range of educational material, including more than ten beginner videos specifically tailored to new traders. Unlike FxPro, Trade Nation excels in providing over ten advanced educational videos targeting experienced traders. However, Trade Nation falls short with no searchable archive for recorded webinars, and both brokers do not conduct regular live webinars for ongoing online education. Although Trade Nation provides an investor dictionary similar to FxPro, it garners a slightly lower educational rating of 3.5 stars and ranks 41st among 63 brokers in the educational category according to ForexBrokers.com.
| 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 63 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 |
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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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