Written by ForexBrokers.com
In this head to head comparison of Trade Nation vs iFOREX, 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.
When comparing online brokers, Trade Nation and iFOREX each bring unique advantages based on their reliability and market experience. Trade Nation, launched in 2014, holds two Tier-1 licenses and one Tier-2 license, reflecting a solid level of trust based on ForexBrokers.com's ratings. With a Trust Score of 85 out of 99, Trade Nation is considered a trusted platform for traders. iFOREX, established in 1996, holds one Tier-1 license and no Tier-2 licenses, giving it a Trust Score of 75. This score places iFOREX in the average risk category according to ForexBrokers.com.
Neither broker is publicly traded nor functions as a bank, which maintains a focus solely on trading services without the additional complexities of other financial institutions. While Trade Nation boasts a stronger regulatory foundation with additional Tier-1 and Tier-2 licenses, iFOREX offers extensive experience given its longer presence in the market. Consequently, both serve their clients' needs effectively, but Trade Nation may appeal to those who prioritize regulatory credentials, while iFOREX might attract those valuing long-term industry presence.
| Feature |
Trade Nation
|
iFOREX
|
|---|---|---|
| Year Founded | 2014 | 1996 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing the commissions and fees of Trade Nation and iFOREX, Trade Nation stands out with its competitive fixed-spread pricing. This broker offers fixed spreads across all tradable symbols on its proprietary platform and provides variable-spread pricing via its MetaTrader platform. For example, Trade Nation lists a fixed spread of 0.6 pips for the EUR/USD pair, although spreads may briefly widen during the rollover period each day. Trade Nation has three account types, including a commission-based Raw Spread account on MetaTrader that charges $7 per round trip per standard lot, and a commission-free account. Its TN Trader account offers notably low spreads, making Trade Nation a compelling choice, earning it a 5-star rating for commissions and fees and a rank of #7 among 63 brokers.
On the other hand, iFOREX does not make its average spread data available, which can be a limitation for traders seeking transparency in fee structures. This lack of available spread data places iFOREX in a less favorable position when compared to competitors with transparent pricing models. As a result, iFOREX receives a 3-star rating for its commission and fee structure, ranking #61 out of 63 brokers. This significant disparity indicates that traders may encounter more hidden costs or less predictable fees when choosing iFOREX.
In summarizing the comparison, Trade Nation's transparent fixed-spread pricing and account options provide traders with a clear understanding of their trading costs, whereas iFOREX lacks transparency in this area. This difference is reflected in their rankings and ratings, as Trade Nation consistently scores higher in terms of commission and fee satisfaction.
| Feature |
Trade Nation
|
iFOREX
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 0.6 | N/A |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| 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 Trade Nation and iFOREX in terms of their investment offerings, both platforms provide opportunities to engage in forex trading through contracts for difference (CFDs). Trade Nation impressively offers 1,000 tradable symbols, surpassing iFOREX's 750 options. On the flip side, iFOREX provides access to a broader selection of 88 forex pairs, while Trade Nation offers 46. Neither broker grants access to U.S. or international exchange-traded securities, so those looking to directly own stock will need to look elsewhere. Cryptocurrency enthusiasts can use either platform to trade cryptocurrency derivatives, though neither allows for the purchase of the actual cryptocurrencies.
Trade Nation shines with its copy trading feature, a benefit not available with iFOREX. Both brokers have been rated 3.5 out of 5 stars for their range of investment offerings. However, there is a slight difference in their standing by ForexBrokers.com, with Trade Nation ranked #38 and iFOREX at #41 out of 63 brokers. Overall, each platform presents unique strengths that cater to specific trading preferences, making them worthy options for traders prioritizing forex and derivatives.
| Feature |
Trade Nation
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 750 |
| Forex Pairs (Total) | 46 | 88 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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 provided by Trade Nation and iFOREX, both online brokers cater to traders with unique offerings. Trade Nation shines with its range of platform options, including a proprietary platform available for both Windows desktop and web browsers. This broker also supports MetaTrader 4 (MT4) for those who prefer this widely used platform. An attractive feature for beginners is Trade Nation's free virtual demo account, allowing users to practice trading without financial risk. Furthermore, Trade Nation supports copy trading, offering traders the option to replicate successful trading strategies. With 39 drawing tools available for charting and a comprehensive watchlist featuring 14 columns, Trade Nation provides traders with flexibility and customization options. However, trading directly from a stock chart isn't an option here.
On the other hand, iFOREX also offers a proprietary web-based trading platform, but lacks the desktop download option available with Trade Nation. iFOREX does not provide a demo account, which could be a drawback for beginners looking to practice before investing real money. Though it does not support MT4, iFOREX enables trading directly from a stock chart, a feature some traders might find valuable. This platform offers 25 drawing tools, and its watchlist consists of 9 columns. While both brokers boast a solid 4-star rating for their trading platforms and tools, Trade Nation ranks higher at #44 compared to iFOREX’s #54 on ForexBrokers.com, reflecting a slight edge in platform offerings and features, despite both having room for improvement.
| Feature |
Trade Nation
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 115 | 57 |
| Charting - Drawing Tools (Total) | 39 | 25 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 14 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Trade Nation and iFOREX provide options for iPhone and Android, but they differ in several key areas. Trade Nation stands out by offering stock or forex price alerts, whereas iFOREX lacks this feature. Additionally, Trade Nation ensures you never miss a beat with the seamless syncing of watchlists between the mobile app and your online account. Unfortunately, iFOREX does not offer this convenience. For traders who enjoy digging deep into data, Trade Nation provides 99 technical studies for charting, a feature absent in the iFOREX app.
Trade Nation further caters to technical traders by allowing them to draw trendlines and view multiple time frames on charts, and it even saves these drawings automatically. On the other hand, iFOREX does not support these functionalities. Both platforms allow users to create watchlists, but only Trade Nation offers real-time quotes. Despite both earning a respectable 4-star rating for their mobile trading apps, ForexBrokers.com ranks Trade Nation higher at #45 compared to iFOREX's position at #55 out of 63 brokers. These factors make Trade Nation a solid choice for those seeking more advanced features in mobile trading.
| Feature |
Trade Nation
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 99 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
Both Trade Nation and iFOREX provide daily market commentary, keeping traders informed on market movements. Trade Nation, however, stands ahead by offering forex news from top-tier sources such as Bloomberg and Reuters, which iFOREX lacks. While Trade Nation does not utilize Autochartist or Trading Central for technical analysis, it compensates with a sentiment-based trading tool and research resources from Acuity Trading, such as the Signal Centre. In contrast, iFOREX does not use Acuity Trading but does offer Trading Central tools, and it also includes an economic calendar detailing upcoming global news events, an offering not found with Trade Nation.
Both brokers have their strengths, evident in their similar research ratings of 3.5 out of 5 stars, yet their service offerings result in different rankings by ForexBrokers.com; Trade Nation is placed at #42, while iFOREX ranks at #48 out of 63 brokers. This indicates Trade Nation's slight edge in the research category due to its diverse access to quality news and unique sentiment tools, even without certain technical analysis features available through iFOREX.
| Feature |
Trade Nation
|
iFOREX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | No | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginner traders, Trade Nation and iFOREX show some clear differences. Trade Nation offers a comprehensive suite of educational materials, boasting more than ten pieces focused on forex and CFDs. Additionally, it provides an extensive collection of over ten beginner-oriented trading videos. These resources make it a solid choice for newcomers to the trading scene. It also features an investor dictionary with more than 50 investing terms, which can be incredibly useful for those just starting. On the downside, Trade Nation doesn't host monthly client webinars nor provide an archive of past webinars, which could limit learning opportunities in real-time settings.
In comparison, iFOREX doesn't reach the same standard in several educational areas. It lacks the broad collection of forex and CFDs educational content that Trade Nation offers, although it matches Trade Nation with over ten beginner educational videos. However, for more advanced traders, iFOREX falls short as it doesn't provide ten advanced trading videos. Like Trade Nation, iFOREX doesn't offer monthly webinars or a webinar archive, and it also doesn't provide an investor dictionary. Both platforms received a 3.5-star rating for their educational offerings, but Trade Nation ranks higher at #41 compared to iFOREX's #53 out of 63 brokers in the education category.
| Feature |
Trade Nation
|
iFOREX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Trade Nation is better than iFOREX. Trade Nation finished with an overall rank of #34, while iFOREX finished with an overall rank of #52.
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.
| Feature |
Trade Nation
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iFOREX
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| Trust Score | 85 | 75 |
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Both Trade Nation and iFOREX do not offer the option to buy actual, delivered cryptocurrency, but they both provide the opportunity to invest in cryptocurrency derivatives.
While both Trade Nation and iFOREX provide multiple deposit and withdrawal options including Skrill, Visa, Mastercard, and bank wires, only iFOREX offers PayPal as a method, whereas neither offers ACH or SEPA 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 | Trade Nation | iFOREX | |
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| Trust Score | 85 | 75 | |
| Winner | check_circle | ||
| Review | Trade Nation Review |
| Broker Screenshots | Trade Nation | iFOREX | |
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| Regulation | Trade Nation | iFOREX | |
|---|---|---|---|
| Trust Score | 85 | 75 | |
| Year Founded | 2014 | 1996 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | Trade Nation | iFOREX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| 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). | No | Yes |
| Tier-2 Licenses (Trusted) | Trade Nation | iFOREX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Trade Nation | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 750 | |
| Forex Pairs (Total) | 46 | 88 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Trade Nation | iFOREX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.6 | N/A | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Trade Nation | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Trade Nation | iFOREX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Trade Nation | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 14 | 9 | |
| Charting - Indicators / Studies (Total) | 115 | 57 | |
| Charting - Drawing Tools (Total) | 39 | 25 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | No | No |
| Mobile Trading | Trade Nation | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 99 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | No | No |
| Research | Trade Nation | iFOREX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | No | Yes |
| Education | Trade Nation | iFOREX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Trade Nation | iFOREX | |
|---|---|---|---|
| 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 | Trade Nation Review |
| Overall | Trade Nation | iFOREX | |
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| Trust Score | 85 | 75 | |
| Winner | check_circle | ||
| Review | Trade Nation Review |
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