Written by ForexBrokers.com
In this head to head comparison of Plus500 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.
When comparing online brokers Plus500 and Trade Nation, it's clear that Plus500 is the more established of the two, having been founded in 2008, six years before Trade Nation in 2014. Plus500 stands out as a publicly traded company, while Trade Nation is not listed on a stock exchange. Both brokers operate without banking services, maintaining their focus on financial trading. In terms of trust and security, Plus500 shines with a ForexBrokers.com Trust Score of 99, while Trade Nation holds a respectable but lower score of 85.
Plus500 offers impressive regulatory oversight with six Tier-1 licenses, deemed highly trusted, and three Tier-2 licenses, which are considered trusted. On the other hand, Trade Nation holds two highly trusted Tier-1 licenses and one trusted Tier-2 license. These licenses reflect each broker's commitment to providing secure trading environments, but Plus500 demonstrates a higher degree of regulatory assurance, aligning with its superior Trust Score.
| Feature |
Plus500
|
Trade Nation
|
|---|---|---|
| Year Founded | 2008 | 2014 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 6 | 2 |
| Tier-2 Licenses | 3 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing the commissions and fees of online brokers Plus500 and Trade Nation, there are notable differences. Plus500's pricing is slightly above the industry average and does not extend discounts to retail clients, although it offers cash rebates to eligible Professional clients. For the EUR/USD pair, Plus500's spreads averaged 1.5 pips in April 2024, which is higher than the industry standard. Overall, Plus500 is rated 4.0 stars and ranks 25th out of 63 brokers in the Commissions and Fees category according to ForexBrokers.com.
Trade Nation stands out with its competitive fixed-spread pricing across its trading platforms. While most brokers use variable pricing, Trade Nation maintains fixed spreads, offering a straightforward cost structure. For instance, the EUR/USD pair has a fixed spread of 0.6 pips, though it temporarily increases during the daily rollover period. On average, the spread remains close to 1 pip when considering all market conditions. Trade Nation is commended for its fixed-spread offerings, earning 5 stars and securing the 7th spot out of 63 brokers in the ForexBrokers.com rankings.
Trade Nation also provides three primary account types, including two based on the MetaTrader platform and one proprietary TN Trader account. The MetaTrader accounts include a commission-based Raw Spread account with a $3.50 commission per side and a commission-free option. Remarkably, the TN Trader account often boasts the most competitive spreads, showcasing Trade Nation's strength in delivering cost-effective trading options. Overall, Trade Nation excels in this aspect by keeping their pricing structure transparent and predictable.
| Feature |
Plus500
|
Trade Nation
|
|---|---|---|
| Minimum Deposit | €100 | $0 |
| Average Spread EUR/USD - Standard | 1.5 | 0.6 |
| All-in Cost EUR/USD - Active | 1.5 | 0.6 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | 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 investment offerings of Plus500 and Trade Nation, Plus500 presents a wider array of opportunities. It provides access to 5500 tradeable symbols, significantly more than Trade Nation's 1000. Both platforms offer forex trading as CFDs, but Plus500 covers 65 forex pairs compared to Trade Nation's 46. Furthermore, Plus500 stands out by allowing users to purchase exchange-traded securities on both U.S. and international exchanges, offering direct investment in companies like Apple and Vodafone, a feature that Trade Nation does not support.
While Plus500 does not include copy trading, Trade Nation makes up for this, allowing users to follow seasoned traders. However, neither broker currently supports the purchase of actual cryptocurrencies, focusing instead on cryptocurrency derivatives. In terms of recognition, Plus500 boasts a higher rating for its range of investments with 4.5 stars, landing at a respectable 24th place out of 63 brokers, whereas Trade Nation is rated 3.5 stars and ranks 38th, according to ForexBrokers.com.
| Feature |
Plus500
|
Trade Nation
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 1000 |
| Forex Pairs (Total) | 65 | 46 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | 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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | 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 Plus500 and Trade Nation, both platforms offer a free virtual demo account, which is crucial for beginners to practice without financial risk. Each broker provides a proprietary platform developed in-house, but there are notable differences in their offerings. Plus500 provides a web-based trading platform but lacks a Windows-based desktop download option, while Trade Nation offers both. Furthermore, Plus500 does not support third-party platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), whereas Trade Nation provides support for MT4, catering to traders who prefer this popular software.
In terms of charting tools, Plus500 includes 22 drawing tools compared to Trade Nation's 39, yet neither broker allows direct trading from stock charts. Trade Nation excels with 14 watchlist columns versus Plus500's 10, offering more customization for monitoring market activities. Unique to Trade Nation is the availability of copy trading, an attractive feature for those looking to replicate the trades of experienced investors. Overall, Plus500 scores a higher rating (4.5 stars) compared to Trade Nation's 4 stars, reflecting its higher rank in user experience in the Trading Platforms and Tools category by ForexBrokers.com, where Plus500 stands at #14 and Trade Nation at #44 out of 63 brokers.
| Feature |
Plus500
|
Trade Nation
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 114 | 115 |
| Charting - Drawing Tools (Total) | 22 | 39 |
| Charting - Trade From Chart | No | No |
| Watchlists - Total Fields | 10 | 14 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Plus500 and Trade Nation offer comprehensive mobile trading apps available for iPhone and Android, catering to the needs of traders on the go. Both platforms provide alert capabilities for stocks and forex, enabling users to stay informed of market changes. In addition, both apps allow watchlist syncing, ensuring seamless transitions between mobile and online account access. When it comes to technical studies for charting, Plus500 stands out with 110 options compared to Trade Nation's 99. Both apps support the drawing of trendlines and offer views across multiple time frames including daily, weekly, and intraday. However, a notable difference is in auto-saving capabilities for drawings; Trade Nation includes this feature, whereas Plus500 does not.
Plus500 and Trade Nation each support creating watchlists with real-time quotes, enhancing their appeal for active traders. Regarding user satisfaction, Plus500 receives a higher rating of 4.5 stars versus Trade Nation's 4 stars, reflecting its positive reception in mobile trading. In rankings by ForexBrokers.com for Mobile Trading Apps out of 63 brokers, Plus500 is placed at #14, while Trade Nation is ranked #45. These factors make Plus500 a slightly more attractive choice for those prioritizing advanced charting features and higher user ratings, while Trade Nation's automatic saving of chart drawings may appeal to those for whom this feature is essential.
| Feature |
Plus500
|
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 | 110 | 99 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, both Plus500 and Trade Nation provide daily market commentary for their users. However, Trade Nation stands out by offering forex news from top-tier sources like Bloomberg and Reuters, which Plus500 does not. On the flip side, Plus500 gives users access to Trading Central's technical analytics tools, surpassing Trade Nation in this area. Both brokers offer sentiment-based trading tools that help traders gauge market positions, but only Plus500 includes an economic calendar to keep investors informed of global events, whereas Trade Nation relies on Acuity Trading's research tools like Signal Centre for similar benefits.
In terms of user ratings, Plus500 edges ahead with a 4.0-star rating for research, compared to Trade Nation's 3.5 stars. Additionally, in a ranking of 63 brokers reviewed by ForexBrokers.com, Plus500 holds the 19th spot for its research offerings, significantly ahead of Trade Nation, which ranks 42nd. These differences highlight Plus500's stronger emphasis on providing comprehensive research tools and resources compared to Trade Nation's offerings.
| Feature |
Plus500
|
Trade Nation
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | 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 comparing the educational resources available from Plus500 and Trade Nation, beginners will find both online brokers offer a solid foundation for learning forex and CFDs with more than 10 educational pieces each, including articles and videos. However, Plus500 outshines Trade Nation by offering monthly online educational webinars, along with an archive of recorded webinars that traders can access. Both brokers provide a selection of at least 10 beginner videos, ensuring newcomers have ample content at their fingertips. For more experienced traders, Plus500 and Trade Nation each offer over 10 advanced videos, catering to those looking to deepen their trading knowledge.
Trade Nation stands out with its comprehensive investor dictionary, offering definitions for more than 50 investing terms, a feature Plus500 lacks. However, Plus500 still edges ahead with a higher education rating of 4.0 stars compared to Trade Nation's 3.5 stars, reflecting the overall quality and accessibility of their educational resources. On a larger scale, Plus500 is ranked 31st, while Trade Nation is 41st out of 63 brokers for educational offerings according to ForexBrokers.com. This suggests that while both brokers provide valuable resources for beginners, Plus500 offers slightly more comprehensive educational support.
| Feature |
Plus500
|
Trade Nation
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Plus500 is better than Trade Nation. Plus500 finished with an overall rank of #14, while Trade Nation finished with an overall rank of #34.
Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to a thorough selection of CFDs. Share trading is available, but only via its Plus500 Invest product offering.
| Feature |
Plus500
|
Trade Nation
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 85 |
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Both Plus500 and Trade Nation do not allow users to buy actual, delivered cryptocurrency, but they both offer the ability to trade cryptocurrency derivatives.
Plus500 and Trade Nation both support Skrill, Visa or Mastercard, and bank wires for deposits and withdrawals, while neither offers ACH or SEPA transfers; however, Plus500 uniquely supports PayPal, distinguishing it from Trade Nation, which does not offer this option.
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 | Plus500 | Trade Nation | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | Plus500 Review | Trade Nation Review |
| Broker Screenshots | Plus500 | Trade Nation | |
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| Regulation | Plus500 | Trade Nation | |
|---|---|---|---|
| Trust Score | 99 | 85 | |
| Year Founded | 2008 | 2014 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 6 | 2 | |
| Tier-2 Licenses | 3 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | Plus500 | Trade Nation | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Plus500 | Trade Nation | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Plus500 | Trade Nation | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 1000 | |
| Forex Pairs (Total) | 65 | 46 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | 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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | 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 | Plus500 | Trade Nation | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.5 | 0.6 | |
| All-in Cost EUR/USD - Active | 1.5 | 0.6 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Plus500 | 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 | No | No |
| Trading Platforms | Plus500 | Trade Nation | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Plus500 | Trade Nation | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 10 | 14 | |
| Charting - Indicators / Studies (Total) | 114 | 115 | |
| Charting - Drawing Tools (Total) | 22 | 39 | |
| Charting - Trade From Chart | No | No | |
| Charts can be saved | Yes | No |
| Mobile Trading | Plus500 | 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 | 110 | 99 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | No |
| Research | Plus500 | Trade Nation | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | No |
| Education | Plus500 | Trade Nation | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Plus500 | 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 | Plus500 Review | Trade Nation Review |
| Overall | Plus500 | Trade Nation | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | Plus500 Review | Trade Nation Review |
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