Trade Nation vs TopFX Comparison
Weโve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. That same research and data powers our broker comparisons. Let's compare Trade Nation vs TopFX.
Can I trust Trade Nation?
Trade Nation is not publicly traded and does not operate a bank. Trade Nation is authorized by two Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and two Tier-4 regulators (High Risk). Trade Nation is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC) and Financial Conduct Authority (FCA).
Can I trust TopFX?
TopFX is not publicly traded and does not operate a bank. TopFX is authorised by one Tier-1 regulator (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). TopFX is authorised by the following Tier-1 regulators: Regulated in the European Union via the MiFID passporting system.
Is Trade Nation good?
Trade Nationโs well-designed, easy-to-use trading app is an innovative trading platform thatโs great for beginner forex and CFD traders. However, if youโre a seasoned trader, you may find that Trade Nation lacks advanced features compared to the best trading platforms.
Is TopFX good?
TopFX offers the MetaTrader and cTrader platform suites, and grants access to a medium range of CFD markets and forex pairs. However, TopFX struggles to compete with the best brokers in several categories, including market research and education.
What is the minimum deposit requirement for opening an account with Trade Nation?
To open a trading account with Trade Nation, you'll need to make an initial minimum deposit of $0.
What is the minimum deposit requirement for opening an account with TopFX?
TopFX requires a minimum deposit of Depends on payment method before you can open an account and start trading.
What funding options does each broker offer?
It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Trade Nation offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for banking, whereas TopFX provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw).
Does Trade Nation or TopFX offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that Trade Nation offers better pricing overall for traders.
Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.
Is Trade Nation or TopFX safer for forex and CFDs trading?
At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that Trade Nation holds 2 global Tier-1 licenses, while TopFX holds 1. Trade Nation holds 1 global Tier-2 licenses, while TopFX holds 0.
After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that Trade Nation (85) earned a higher Trust Score than TopFX (67).
Which trading platform is better: Trade Nation or TopFX?
To compare the trading platforms of both Trade Nation and TopFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TopFX offers a better experience. With research, Trade Nation offers superior market research. Finally, we found Trade Nation to provide better mobile trading apps.
Hereโs what trading platforms are available at Trade Nation:
- Proprietary Platform - Yes
- Web Platform - Yes
- cTrader - No
- DupliTrade - No
- MT4 - Yes
- MT5 - No
- ZuluTrade - No
- TradingView - Yes
Hereโs what trading platforms are available at TopFX:
- Proprietary Platform - No
- Web Platform - Yes
- cTrader - Yes
- DupliTrade - No
- MT4 - Yes
- MT5 - No
- ZuluTrade - No
- TradingView - No
What about MetaTrader? How about copy trading?
The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both Trade Nation and TopFX offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. While TopFX offers copy trading, Trade Nation does not.
What can I trade with each broker?
TopFX provides traders 60 currency pairs (e.g., EUR/USD) compared to Trade Nation's 46 available pairs. If you are interested in trading a full range of securities, Trade Nation offers traders access to 1000 tradeable symbols, while TopFX offers access to 655 tradeable symbols; so Trade Nation offers 345 more tradeable symbols than TopFX.
We found in our testing that Trade Nation offers a more diverse selection of investment options than TopFX, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Cryptocurrency (Derivative) and Spread Betting. Neither have Int'l Stock Trading (Non CFD) and Cryptocurrency (Physical).
Overall winner: Trade Nation
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We review each brokerโs overall global offering โ a โYesโ 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.