Written by ForexBrokers.com
In this head to head comparison of Swissquote 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 Swissquote and Trade Nation, it is clear that Swissquote established in 1996, has built a strong reputation within the financial industry. As a publicly traded company listed on a stock exchange and also functioning as a bank, Swissquote holds an impressive 5 Tier-1 licenses and 2 Tier-2 licenses. This regulatory strength contributes to its outstanding Trust Score of 99, indicating it is considered highly trusted by ForexBrokers.com.
On the other hand, Trade Nation, founded in 2014, is a privately held company not listed on a stock exchange and does not operate as a bank. This broker is backed by 2 Tier-1 licenses and 1 Tier-2 license, providing it with a Trust Score of 85, which signifies it is trusted according to ForexBrokers.com standards. While both brokers are trusted in the trading world, Swissquote's extensive regulatory credentials and higher trust score highlight its position as a leader in reliability and trustworthiness.
| Feature |
Swissquote
|
Trade Nation
|
|---|---|---|
| Year Founded | 1996 | 2014 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When comparing Swissquote and Trade Nation for commissions and fees, there are notable differences that prospective traders should consider. Swissquote, a Swiss banking conglomerate, appeals to those who value its Swiss lineage but comes with trading costs that aren't as competitive as the lowest-cost forex brokers. Depending on the entity, the costs and offerings at Swissquote vary. For instance, the U.K. entity provides lower costs with a $10,000 deposit minimum for the Elite account and a $5 fee per round-turn trade, offering attractive spreads. Conversely, Swissquote's Luxembourg and Swiss branches offer similar account types with varying deposit requirements and spreads, but with pricing often higher than industry averages. Swissquote garners a 3.5-star rating and ranks #53 out of 63 brokers for commissions and fees according to ForexBrokers.com.
Trade Nation, on the other hand, provides a compelling package with its fixed-spread pricing across all tradeable symbols on its proprietary platform and variable-spread on MetaTrader. This strategy offers a clear average pricing structure with fixed spreads, making it easy to predict costs without ongoing calculations—aside from the brief daily rollover period. Particularly noteworthy is Trade Nation's fixed spread of 0.6 pips for the EUR/USD pair, which may rise to 1.4 pips during the rollovers. With three main account types, including a commission-based Raw Spread account and a proprietary TN Trader account offering the keenest spreads, Trade Nation consistently delivers attractive rates. This effective pricing strategy has earned Trade Nation a stellar 5-star rating, securing the #7 spot out of 63 brokers for commissions and fees by ForexBrokers.com.
| Feature |
Swissquote
|
Trade Nation
|
|---|---|---|
| Minimum Deposit | $1000 | $0 |
| Average Spread EUR/USD - Standard | N/A | 0.6 |
| All-in Cost EUR/USD - Active | N/A | 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 offered by Swissquote and Trade Nation, both brokers provide ample opportunities for forex trading, allowing clients to engage through CFDs or spot contracts. Swissquote delivers access to 472 tradeable symbols, featuring a noteworthy 80 forex pairs, while Trade Nation surpasses with 1000 tradeable symbols but offers a more limited selection of 46 forex pairs. One major distinction is that Swissquote permits investments in exchange-traded securities on both U.S. and international exchanges, granting clients the ability to buy shares in companies like Apple and Vodafone. In contrast, Trade Nation does not offer direct investments in exchange-traded securities on these exchanges.
Investment options diversify further as both Swissquote and Trade Nation provide avenues for copy trading. However, Swissquote extends its offering by allowing clients to purchase actual cryptocurrencies in addition to cryptocurrency derivatives, whereas Trade Nation restricts clients to derivatives only. This broader range of investment services helps Swissquote achieve top ratings, earning 5 stars and the #2 spot out of 63 brokers in the Range of Investments category according to ForexBrokers.com. Meanwhile, Trade Nation holds a respectable 3.5-star rating but ranks lower at #38, reflecting its more limited investment selections in comparison.
| Feature |
Swissquote
|
Trade Nation
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 1000 |
| Forex Pairs (Total) | 80 | 46 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | 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.
Swissquote and Trade Nation both provide strong offerings when it comes to trading platforms and tools, making it easier for traders to choose according to their preferences. Both offer a free virtual demo account for simulated trading and have designed their own proprietary platforms to cater to various trading styles. Accessibility is a priority for both brokers, with each providing Windows-based desktop platforms and browser-based trading options. They also cater to traders interested in using popular software, with Swissquote supporting both MetaTrader 4 and MetaTrader 5, while Trade Nation supports MetaTrader 4 but not MetaTrader 5. Additionally, both brokers support copy trading, yet neither offers DupliTrade or ZuluTrade integration.
When it comes to charting tools, Swissquote stands out by offering 75 drawing tools compared to Trade Nation's 39. A notable differentiation is Swissquote's capability for enabling traders to execute trades directly from stock charts, an option not available with Trade Nation. For those who monitor multiple assets, Swissquote offers 11 fields for watch lists, whereas Trade Nation offers 14. In terms of ratings, Swissquote shines with a 4.5-star rating and ranks 12th out of 63 brokers on ForexBrokers.com for its trading platforms and tools. Meanwhile, Trade Nation holds a respectable 4-star rating and sits at rank 44 in the same category. These distinctions highlight Swissquote's slightly more advanced features, catering to traders who seek comprehensive and user-friendly tools.
| Feature |
Swissquote
|
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) | 86 | 115 |
| Charting - Drawing Tools (Total) | 75 | 39 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 11 | 14 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Swissquote and Trade Nation, both brokers provide apps for iPhone and Android users, offering features like stock and forex price alerts and the ability to draw trendlines on charts. They also support viewing multiple time frames and automatically save drawings on charts. Swissquote allows users to set up watchlists with real-time quotes, but falls short as it does not offer syncing between mobile watchlists and the client's online account, a feature Trade Nation provides. Additionally, Swissquote offers 30 technical studies for charting, whereas Trade Nation provides a more extensive selection with 99 technical studies.
In terms of ratings and rankings, Swissquote stands out, receiving a 4.5-star rating for its mobile app and securing the 12th rank out of 63 brokers according to ForexBrokers.com. Trade Nation, on the other hand, has a slightly lower rating at 4 stars and ranks at the 45th position. This difference may be a deciding factor for traders seeking a more highly rated mobile trading experience, especially those who value a broader range of technical studies and the convenience of watchlist syncing. Ultimately, both apps cater to essential trading needs, but Swissquote’s higher app rating and rank highlight its appeal among traders.
| Feature |
Swissquote
|
Trade Nation
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 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 the market research offerings of Swissquote and Trade Nation, both brokers provide daily market commentary and access to forex news from reputable sources like Bloomberg and Reuters. However, Swissquote stands out by incorporating tools from Autochartist, a valuable addition for those interested in technical analysis. Trade Nation, on the other hand, does not include these specific Autochartist tools. Instead, Trade Nation compensates with a sentiment-based trading tool that provides insights into trader positions, a feature Swissquote lacks.
In terms of additional research tools, Swissquote offers an economic calendar that highlights key global news events, an essential tool for informed trading decisions, which Trade Nation does not provide. However, Trade Nation includes tools from Acuity Trading, such as Signal Centre, complementing its research suite. While both brokers receive favorable ratings, Swissquote takes a slight edge with 4 stars compared to Trade Nation's 3.5 stars for research, leading to its higher rank of 16th, compared to Trade Nation's 42nd position among 63 brokers surveyed by ForexBrokers.com.
| Feature |
Swissquote
|
Trade Nation
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | 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 for beginners offered by Swissquote and Trade Nation, both brokers provide a solid foundation for learning about forex and CFDs. Both platforms supply more than ten educational pieces, such as articles, videos, and archived webinars, concentrated on these topics. Furthermore, they each have comprehensive video libraries that cater to both beginners and advanced traders, featuring a minimum of ten videos tailored to each skill level. Additionally, these brokers provide an investor dictionary that explains over 50 investing terms, making complex concepts easier to grasp for newcomers.
However, Swissquote stands out for its commitment to continuous learning through regular online educational client webinars, offering at least one session monthly, alongside a searchable archive of past webinars for convenient access. In contrast, Trade Nation does not provide these live educational webinars or a searchable archive. This distinction reflects in their ratings and rankings in the education sector, with Swissquote earning a 4-star rating and ranking 21st out of 63 brokers on ForexBrokers.com, while Trade Nation holds a 3.5-star rating and ranks 41st. Overall, for beginners keen on a rich educational journey with access to live events, Swissquote may present a more appealing choice.
| Feature |
Swissquote
|
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) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Swissquote is better than Trade Nation. Swissquote finished with an overall rank of #11, while Trade Nation finished with an overall rank of #34.
Traders choose Swissquote for its quality research and vast multi-asset offering – as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.
| Feature |
Swissquote
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Trade Nation
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 85 |
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Swissquote allows users to buy actual delivered cryptocurrency and cryptocurrency derivatives, whereas Trade Nation only offers the option to purchase cryptocurrency derivatives.
When comparing deposit and withdrawal options between online brokers Swissquote and Trade Nation, Swissquote provides a broader range with support for ACH or SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, while Trade Nation supports Skrill, Visa or Mastercard, and bank wires but lacks ACH, SEPA, and PayPal options.
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 | Swissquote | Trade Nation | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | Swissquote Review | Trade Nation Review |
| Broker Screenshots | Swissquote | Trade Nation | |
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| Regulation | Swissquote | Trade Nation | |
|---|---|---|---|
| Trust Score | 99 | 85 | |
| Year Founded | 1996 | 2014 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 5 | 2 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | Trade Nation | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | 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) | Swissquote | Trade Nation | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | 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 | Swissquote | Trade Nation | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 1000 | |
| Forex Pairs (Total) | 80 | 46 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | 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 | Swissquote | Trade Nation | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 0.6 | |
| All-in Cost EUR/USD - Active | N/A | 0.6 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Swissquote | Trade Nation | |
|---|---|---|---|
| Minimum Deposit | $1000 | $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 | Swissquote | 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Swissquote | Trade Nation | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 14 | |
| Charting - Indicators / Studies (Total) | 86 | 115 | |
| Charting - Drawing Tools (Total) | 75 | 39 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | No |
| Mobile Trading | Swissquote | Trade Nation | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 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 | Swissquote | Trade Nation | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | No |
| Education | Swissquote | 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) | Yes | Yes |
| Major Forex Pairs | Swissquote | 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 | Swissquote Review | Trade Nation Review |
| Overall | Swissquote | Trade Nation | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | Swissquote Review | Trade Nation Review |
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