Written by ForexBrokers.com
In this head to head comparison of Trade Nation vs TopFX, 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.
Trade Nation and TopFX are both online brokers offering financial trading services, yet they differ significantly in their regulatory credentials and perceived trustworthiness. Trade Nation, founded in 2014, holds two Tier-1 licenses, which places it in the highly trusted category, and one Tier-2 license, reflecting a robust regulatory standing. With a Trust Score of 85 out of 99 from ForexBrokers.com, Trade Nation is considered a trusted option for traders. It remains a private entity and is not a bank, ensuring a focused commitment to its brokerage services.
Established in 2010, TopFX also operates as a private and non-bank entity. However, it carries only one Tier-1 license and no Tier-2 licenses, which indicates a less extensive regulatory backing compared to Trade Nation. Its ForexBrokers.com Trust Score is 67 out of 99, categorizing it as high risk according to the scoring system. These factors are important considerations for anyone deciding between the two brokers based on regulatory confidence and trust ratings.
| Feature |
Trade Nation
|
TopFX
|
|---|---|---|
| Year Founded | 2014 | 2010 |
| 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 commission and fee structures of online brokers Trade Nation and TopFX, there are notable distinctions. Trade Nation stands out with its competitive fixed-spread pricing on its proprietary TN Trader platform, offering a spread of 0.6 pips for the EUR/USD pair, although it does widen to 1.4 pips briefly during its daily rollover period. Trade Nation provides three primary account types, including a Raw Spread account on MetaTrader with a $3.50 commission per side. Overall, Trade Nation is rated 5 stars for its commissions and fees, and ranks #7 out of 62 brokers according to ForexBrokers.com.
TopFX, on the other hand, offers two account types on both MetaTrader and cTrader platforms - the spread-only ZERO account and the commission-based RAW account. The RAW account charges a 2.75 EUR commission per side, with an average spread of 0.33 pips for the EUR/USD, resulting in an all-in cost of approximately 0.88 pips. The ZERO account is commission-free but has slightly higher spreads. TopFX is rated 4 stars for its commissions and fees and is ranked #40 in the Commissions and Fees category by ForexBrokers.com.
| Feature |
Trade Nation
|
TopFX
|
|---|---|---|
| Minimum Deposit | $0 | Depends on payment method |
| Average Spread EUR/USD - Standard | 0.6 | 1.03 |
| All-in Cost EUR/USD - Active | 0.6 | 0.88 |
| 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 the range of investments offered by online brokers Trade Nation and TopFX, both platforms provide opportunities to trade forex as CFDs or spot contracts. Trade Nation stands out with a wider selection of over 1000 tradeable symbols, compared to TopFX's offering of 655. However, when focusing on forex pairs, TopFX leads slightly, with 60 pairs available against Trade Nation's 46. Neither broker offers exchange-traded securities on U.S. or international exchanges directly, so investors looking to buy shares like Apple or Vodafone will need to explore other platforms.
Both Trade Nation and TopFX enable copy trading and offer options to trade cryptocurrency derivatives, although neither allows buying actual cryptocurrencies. Despite their similarities, Trade Nation is ranked higher in the Range of Investments category by ForexBrokers.com, coming in at 38th place, while TopFX is ranked 46th. However, both brokers receive a rating of 3.5 stars for their investment offerings, indicating a moderate level of diversity for traders seeking various investment options.
| Feature |
Trade Nation
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 655 |
| Forex Pairs (Total) | 46 | 60 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | 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.
When comparing the trading platforms and tools offered by Trade Nation and TopFX, both brokers provide a comprehensive suite of features suitable for a range of traders. Importantly, both Trade Nation and TopFX allow users to practice with simulated trading via free virtual demo accounts, making it easier for beginners to get started without financial risk. Trade Nation sets itself apart with a proprietary trading platform developed in-house, while both brokers support the popular MetaTrader 4 platform, but not MetaTrader 5. Additionally, both brokers offer copy trading, enabling traders to replicate the strategies of experienced investors. However, neither broker supports DupliTrade or ZuluTrade. Despite similar features, Trade Nation offers more drawing tools for charting, providing users with 39 options compared to TopFX's 15.
Trade Nation and TopFX both offer web-based and Windows-based desktop trading platforms, ensuring traders have flexibility in how they access the market. One notable difference lies in chart trading capabilities, where TopFX allows trading directly from stock charts, unlike Trade Nation. Another distinction is seen in the customization of watch lists; Trade Nation provides 14 fields, whereas TopFX offers 7 fields, giving Trade Nation users more options to tailor their market tracking. In terms of overall rankings and ratings, both brokers achieved a 4-star rating for their trading platforms and tools. Trade Nation is ranked slightly higher at #44 out of 62 brokers by ForexBrokers.com compared to TopFX's #45 ranking, reflecting a minimal difference in their performance in this category.
| Feature |
Trade Nation
|
TopFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 115 | 30 |
| Charting - Drawing Tools (Total) | 39 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 14 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Trade Nation and TopFX provide mobile trading apps that are compatible with iPhone and Android devices. These apps allow users to receive stock and forex price alerts, offering round-the-clock monitoring capabilities. However, Trade Nation holds an edge in terms of watchlist management; it allows users to sync their watchlist symbols with their online accounts, a feature TopFX does not offer. When it comes to technical analysis, Trade Nation provides a more comprehensive suite with 99 technical studies, compared to TopFX's 30. Both apps also enable users to draw trendlines, view multiple time frames, and create real-time quote watchlists with saved chart drawings.
Evaluated by ForexBrokers.com, Trade Nation slightly outpaces TopFX in the Mobile Trading Apps category, securing a rank of 45 out of 62 brokers, while TopFX is ranked at 51. Both brokers earn an equal user rating of 4 out of 5 stars for their mobile trading platforms. These apps are designed to support traders in effectively managing their investments, making them reliable companions for trading on the go.
| Feature |
Trade Nation
|
TopFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 99 | 30 |
| 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 Trade Nation and TopFX, there are several distinctions worth noting. Trade Nation provides traders with daily market commentary and access to forex news from leading sources such as Bloomberg and Reuters. While TopFX also delivers forex news from similar top-tier sources, it falls short by not offering daily market commentary. Additionally, Trade Nation offers a sentiment-based trading tool, which both platforms support, but it stands out with Acuity Trading tools like the Signal Centre, providing more resources for informed decision-making.
On the flip side, TopFX shines by incorporating advanced research tools from Autochartist and Trading Central, which are absent in Trade Nation's offerings. It compensates for the lack of Acuity Trading tools with an economic calendar showcasing various global events, a resource not available with Trade Nation. When it comes to user ratings, Trade Nation edges ahead with a research rating of 3.5 stars compared to TopFX's 3 stars, and it ranks higher at #42 out of 62 brokers by ForexBrokers.com, compared to TopFX's position at #59.
| Feature |
Trade Nation
|
TopFX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| 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 comparing the educational resources available to beginners from online brokers Trade Nation and TopFX, there's a noticeable difference. Trade Nation stands out by offering a wide range of educational materials aimed at newcomers to trading. This includes at least 10 educational pieces focusing on forex and CFDs, as well as a substantial collection of over 10 videos specifically designed for beginners. Additionally, they provide advanced educational videos for experienced traders and a comprehensive investor dictionary with definitions of more than 50 investing terms. These resources contribute to Trade Nation's educational rating of 3.5 stars, placing them at #41 out of 62 brokers evaluated by ForexBrokers.com in this category.
In contrast, TopFX falls short in several areas when it comes to educational offerings for beginners. The broker does not meet the minimum expectation of providing 10 educational pieces on forex or CFDs, nor do they offer a series of beginner or advanced educational videos. Additionally, TopFX lacks an investor dictionary with defined investing terms. As a result, their educational rating is slightly lower at 3 stars, ranking them #60 among 62 brokers according to ForexBrokers.com. Both brokers do not offer regular educational webinars or archives of previous sessions, which might be something to consider if live learning is a priority for you.
| Feature |
Trade Nation
|
TopFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Trade Nation is better than TopFX. Trade Nation finished with an overall rank of #34, while TopFX finished with an overall rank of #61.
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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TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 67 |
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While both Trade Nation and TopFX do not provide the option to purchase actual delivered cryptocurrency, they each offer the opportunity to trade in cryptocurrency derivatives.
Both Trade Nation and TopFX do not support ACH or SEPA transfers, but while Trade Nation does not offer PayPal, TopFX does; both brokers accept Skrill, Visa, Mastercard, and bank wire for transactions.
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 | TopFX | |
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| Trust Score | 85 | 67 | |
| Winner | check_circle | ||
| Review | Trade Nation Review | TopFX Review |
| Broker Screenshots | Trade Nation | TopFX | |
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| Regulation | Trade Nation | TopFX | |
|---|---|---|---|
| Trust Score | 85 | 67 | |
| Year Founded | 2014 | 2010 | |
| 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 | TopFX | |
|---|---|---|---|
| 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 | No | |
| 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 | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 655 | |
| Forex Pairs (Total) | 46 | 60 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | 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 | Trade Nation | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.6 | 1.03 | |
| All-in Cost EUR/USD - Active | 0.6 | 0.88 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Trade Nation | TopFX | |
|---|---|---|---|
| Minimum Deposit | $0 | Depends on payment method | |
| 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 | TopFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Trade Nation | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 14 | 7 | |
| Charting - Indicators / Studies (Total) | 115 | 30 | |
| Charting - Drawing Tools (Total) | 39 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | Trade Nation | TopFX | |
|---|---|---|---|
| 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 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | Trade Nation | TopFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | No | Yes |
| Education | Trade Nation | TopFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Trade Nation | TopFX | |
|---|---|---|---|
| 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 | TopFX Review |
| Overall | Trade Nation | TopFX | |
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| Trust Score | 85 | 67 | |
| Winner | check_circle | ||
| Review | Trade Nation Review | TopFX Review |
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