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Trade Nation vs TopFX 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is Trade Nation better than TopFX? In our analysis of 23 international regulators across 62 of the best forex brokers, Trade Nation is considered average-risk, with an overall Trust Score of 83 out of 99. TopFX is considered high-risk, with an overall Trust Score of 67 out of 99. Learn more about Trust Score.

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Overall RatingTrade NationTopFX
Overall Rating 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Offering of Investments 3.5/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 3.5/5 Stars 3/5 Stars
Trust Score 83 67
Winner check_circle
Review Trade Nation Review TopFX Review
RegulationTrade NationTopFX
Trust Score 83 67
Year Founded 2014 2010
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union No info No info
Tier-1 Licenses 2 0
Tier-2 Licenses 1 1
Tier-3 Licenses 1 0
Tier-1 Licenses (High Trust)Trade NationTopFX
ASIC Authorised (Australia) Yes No
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes No
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)Trade NationTopFX
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) No Yes
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) Yes No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)Trade NationTopFX
SCB Authorised (Bahamas) Yes No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsTrade NationTopFX
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 601 655
Forex Pairs (Total) 33 60
U.S. Stock Trading (Non CFD) No No
Int'l Stock Trading (Non CFD) No No
Social Trading / Copy Trading No Yes
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) 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).
CostTrade NationTopFX
Average Spread EUR/USD - Standard 0.6 N/A info
All-in Cost EUR/USD - Active 0.6 N/A info
Active Trader or VIP Discounts No No
Execution: Agency Broker No No
Execution: Market Maker Yes Yes
FundingTrade NationTopFX
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
Trading PlatformsTrade NationTopFX
Proprietary Platform Yes No
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
Social Trading / Copy Trading No Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) No No
cTrader No Yes
DupliTrade No No
ZuluTrade No No
Trading ToolsTrade NationTopFX
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 12 7
Charting - Indicators / Studies (Total) 35 30
Charting - Drawing Tools (Total) 95 15
Charting - Trade From Chart No Yes
Charts can be saved No Yes
Mobile TradingTrade NationTopFX
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 95 30
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave Yes Yes
Forex Calendar No Yes
ResearchTrade NationTopFX
Daily Market Commentary No No
Forex News (Top-Tier Sources) Yes Yes
Autochartist No Yes
Trading Central (Recognia) No Yes
Social Sentiment - Currency Pairs No Yes
Economic Calendar No Yes
EducationTrade NationTopFX
Has 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 No No
Investor Dictionary (Glossary) Yes No
Major Forex PairsTrade NationTopFX
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
OverallTrade NationTopFX
Overall Rating 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Offering of Investments 3.5/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 3.5/5 Stars 3/5 Stars
Trust Score 83 67
Winner check_circle
Review Trade Nation Review TopFX Review
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Trade Nation vs TopFX Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare Trade Nation vs TopFX.

Does Trade Nation or TopFX offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Trade Nation offers better pricing overall for traders.

Is Trade Nation or TopFX safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Trade Nation holds 2 global Tier-1 licenses, while TopFX holds 0. Both Trade Nation and TopFX hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, Trade Nation earned a higher Trust Score than TopFX.

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.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both Trade Nation and TopFX offer MetaTrader 4 (MT4).Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

TopFX provides traders 60 currency pairs (e.g., EUR/USD) compared to Trade Nation's 33 available pairs. Forex pairs aside, TopFX offers traders access to 655 CFDs while Trade Nation has 601 available CFDs, a difference of 54.

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 (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). Trade Nation is authorised by the following tier-1 regulator: 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 zero tier-1 regulators (high trust) and one tier-2 regulator (average trust).

Is Trade Nation good?

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.

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.

Overall winner: Trade Nation

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announcementPlease 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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