Written by ForexBrokers.com
In this head to head comparison of Trade Nation vs Spreadex, 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 such as Trade Nation and Spreadex, it's important to consider their trustworthiness and regulatory credentials. Trade Nation, founded in 2014, holds two Tier-1 licenses and one Tier-2 license. These credentials contribute to its respectable Trust Score rating of 85 out of 99 on ForexBrokers.com, positioning it in the "trusted" category. Spreadex, operating since 1999, has one Tier-1 license and no Tier-2 licenses, resulting in an "average risk" rating with a Trust Score of 71. Neither company is publicly traded or operates as a bank, maintaining a focus on their core services as online brokers.
| Feature |
Trade Nation
|
Spreadex
|
|---|---|---|
| Year Founded | 2014 | 1999 |
| 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 | 0 |
Trade Nation and Spreadex both offer competitive options for traders, but their approaches to commissions and fees differ. Trade Nation provides fixed-spread pricing on its proprietary platform and variable-spread pricing on its MetaTrader platform. The fixed spreads mean that Trade Nation maintains consistent pricing with a spread of 0.6 pips for the EUR/USD pair, although spreads can widen to 1.4 pips during a daily rollover period, averaging around 1 pip overall. They offer three account types, including two MetaTrader-based options: a commission-based Raw Spread account with a $7 round-trip charge per standard lot, and a commission-free account. The TN Trader account features the lowest spreads when all-in costs are considered.
In contrast, Spreadex reported average spreads of 0.81 pips for EUR/USD in January 2024, with a tighter minimum spread of 0.6 pips occurring 60% of the time. This may suit traders looking for more variable pricing, which can potentially lead to lower spreads at times compared to Trade Nation's fixed pricing structure. While both brokers offer competitive pricing, Spreadex’s pricing can vary depending on market conditions and trading times.
When it comes to ratings, Trade Nation shines with a 5-star rating and is ranked #7 out of 63 brokers by ForexBrokers.com for commissions and fees. Spreadex holds a solid 4-star rating and is ranked #27 in the same category. These rankings reflect their types of pricing strategies and how they cater to different trading preferences.
| Feature |
Trade Nation
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 0.6 | 0.81 |
| 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 | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Trade Nation and Spreadex based on their range of investments, investors will notice some significant differences. Both platforms offer forex trading as a CFD or spot contract, but Spreadex provides access to a wider array of tradeable symbols, boasting 10,000 compared to Trade Nation's 1,000. In the realm of forex pairs, Spreadex also takes the lead, offering 52 pairs while Trade Nation offers 46. Neither broker allows clients to buy exchange-traded securities on U.S. or international exchanges, and both offer cryptocurrency derivatives instead of actual cryptocurrencies. However, Trade Nation distinguishes itself by supporting copy trading, a feature absent from Spreadex's offerings.
Overall, Spreadex is rated more favorably for its range of investments, achieving a rating of 5 stars compared to Trade Nation’s 3.5 stars. This higher rating is reflected in their respective rankings by ForexBrokers.com, where Spreadex holds the 13th position out of 63 brokers, whereas Trade Nation is ranked 38th. While both platforms cater to different types of traders, those seeking a broader selection of investment options might lean toward Spreadex due to its extensive offerings and higher industry ranking.
| Feature |
Trade Nation
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 10000 |
| Forex Pairs (Total) | 46 | 52 |
| 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 examining the trading platforms and tools offered by Trade Nation and Spreadex, both brokers provide a variety of features to accommodate traders’ needs. Trade Nation stands out by providing a free virtual demo account, facilities for copy trading, and the widely used MetaTrader 4 (MT4) platform. It also offers a proprietary platform and a Windows-based desktop download platform, making it versatile for different trading preferences. Additionally, Trade Nation delivers an impressive array of 39 drawing tools for charting. However, it does not allow traders to execute trades directly from a stock chart. Nevertheless, it provides a comprehensive ecosystem with 14 columns available for watch lists.
Spreadex, conversely, also offers a proprietary platform and a web-based trading platform. Like its competitor, it has a free virtual demo account but lacks certain advanced features such as MT4 and copy trading. What Spreadex does offer is the unique ability for traders to execute trades directly from a stock chart, which Trade Nation lacks. While it presents 11 drawing tools for charting and 8 columns for watch lists, Spreadex is positioned slightly below in ForexBrokers.com's rankings at #46, compared to Trade Nation's #44, though both share a respectable four-star rating for their trading platforms and tools.
| Feature |
Trade Nation
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| 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 | 58 |
| Charting - Drawing Tools (Total) | 39 | 11 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 14 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing mobile trading apps, both Trade Nation and Spreadex offer options compatible with iPhone and Android devices, catering to traders who are always on the go. Both brokers provide essential features such as stock and forex price alerts and the ability to draw trendlines and view multiple time frames on charts, making it easy for users to monitor and analyze trading activities. However, Trade Nation stands out with 99 technical studies available for charting, an impressive offering for those who value detailed analysis. In contrast, Spreadex does not specify the number of technical studies available in its app.
Another advantage of Trade Nation's app is its ability to sync watchlists between the mobile app and the user's online account, ensuring seamless management of investment targets across platforms—a feature Spreadex lacks. Furthermore, Trade Nation auto-saves chart drawings, whereas Spreadex does not support this functionality. Both brokers allow the creation of watchlists with real-time quotes, offering convenience for traders to track their investments. Trade Nation and Spreadex both receive a solid 4-star rating for their mobile trading apps, but Trade Nation ranks slightly higher at #45 compared to Spreadex's #46 in the Mobile Trading Apps category by ForexBrokers.com.
| Feature |
Trade Nation
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 99 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market commentary, both Trade Nation and Spreadex stand on equal footing, offering daily insights that are crucial for traders looking to make informed decisions. They also both provide forex news updates from top-tier sources like Bloomberg and Reuters, ensuring that their clients are always in the loop with timely and credible information. While both platforms offer sentiment-based trading tools, only Spreadex includes Autochartist's advanced technical analysis tools, providing traders with deeper analytical capabilities. Trade Nation, however, sets itself apart by offering research tools from Acuity Trading, such as the Signal Centre.
Spreadex outshines this advantage by featuring an economic calendar, which highlights both current and upcoming global news events—a tool that becomes indispensable for forward-looking traders. Although both brokers don’t utilize TipRanks or Trading Central for additional research, Spreadex achieves a slightly better overall research experience with its offerings. This distinction is reflected in their respective research ratings, with Spreadex scoring 4 out of 5 stars and ranking 31st among 63 brokers according to ForexBrokers.com, compared to Trade Nation's 3.5 stars and a ranking of 42nd place.
| Feature |
Trade Nation
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| 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 comparing the educational resources available to beginners at Trade Nation and Spreadex, both brokers offer a variety of learning materials on forex and CFDs, providing at least ten pieces such as articles and videos. However, neither broker currently hosts monthly educational webinars or provides archives of past webinars, which may limit interactive learning opportunities. For those new to trading, both Trade Nation and Spreadex have at least ten beginner-friendly videos to help clients familiarize themselves with trading basics. Still, only Trade Nation extends its offerings to a collection of advanced educational videos, catering to more experienced traders aiming to deepen their knowledge.
In addition to learning materials, both brokers present investor dictionaries with definitions of at least 50 investing terms, enhancing the learning experience by clarifying trading jargon. Regarding their ratings, Trade Nation scores 3.5 out of 5 stars for education, while Spreadex slightly edges ahead with 4 stars. However, according to ForexBrokers.com, Trade Nation ranks higher at #41 out of 63 brokers in the Education category, compared to Spreadex's rank at #45. This indicates a subtle yet notable distinction in the depth and diversity of educational content they offer, with Trade Nation providing more comprehensive resources for traders seeking advanced insights.
| Feature |
Trade Nation
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| 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 | Yes |
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 Spreadex. Trade Nation finished with an overall rank of #34, while Spreadex finished with an overall rank of #39.
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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Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 71 |
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Neither Trade Nation nor Spreadex offers the ability to purchase actual delivered cryptocurrency, but both platforms do provide options for trading cryptocurrency derivatives.
When comparing online brokers Trade Nation and Spreadex in terms of fund deposit and withdrawal options, both platforms do not support ACH or SEPA transfers, and neither supports PayPal; however, Trade Nation distinguishes itself by accepting Skrill, a feature not available with Spreadex, while both brokers provide the convenience of 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 | Trade Nation | Spreadex | |
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| Trust Score | 85 | 71 | |
| Winner | check_circle | ||
| Review | Trade Nation Review | Spreadex Review |
| Broker Screenshots | Trade Nation | Spreadex | |
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| Regulation | Trade Nation | Spreadex | |
|---|---|---|---|
| Trust Score | 85 | 71 | |
| Year Founded | 2014 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | Trade Nation | Spreadex | |
|---|---|---|---|
| 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 | No |
| Tier-2 Licenses (Trusted) | Trade Nation | Spreadex | |
|---|---|---|---|
| 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 | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 10000 | |
| Forex Pairs (Total) | 46 | 52 | |
| 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 | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.6 | 0.81 | |
| 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 | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Trade Nation | Spreadex | |
|---|---|---|---|
| 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 | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 14 | 8 | |
| Charting - Indicators / Studies (Total) | 115 | 58 | |
| Charting - Drawing Tools (Total) | 39 | 11 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | Trade Nation | Spreadex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 99 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | No | Yes |
| Research | Trade Nation | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | No | Yes |
| Education | Trade Nation | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| 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 | Yes |
| Major Forex Pairs | Trade Nation | Spreadex | |
|---|---|---|---|
| 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 | Spreadex Review |
| Overall | Trade Nation | Spreadex | |
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| Trust Score | 85 | 71 | |
| Winner | check_circle | ||
| Review | Trade Nation Review | Spreadex Review |
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