menuclose
Back to Main Menu
ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money

Trade Nation vs TopFX 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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.

Trade Nation
4/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 85
  • Tradeable Symbols (Total): 1000
TopFX
3.5/5 Stars Overall
  • Minimum Deposit: Depends on payment method
  • Trust Score: 67
  • Tradeable Symbols (Total): 655

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.

Regulation

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 logoTrade Nation
TopFX logoTopFX
Year Founded info 2014 2010
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 1

Fees

When it comes to commissions and fees, Trade Nation (5/5 stars; ranked #7 of 63 by ForexBrokers.com) and TopFX (4/5 stars; ranked #41 of 63) take different approaches that can lead to similar real-world costs on major pairs like EUR/USD. Trade Nation emphasizes predictable fixed spreads on its TN Trader platform, while TopFX leans on a low-spread, commission-based RAW account alongside a spread-only option.

Trade Nation’s fixed spreads start at 0.6 pips on EUR/USD and typically hold steady as prices move. Spreads widen for about an hour during the daily rollover, sometimes up to 1.4 pips, which brings the true average closer to 1 pip over time. On MetaTrader, you can choose a commission-free account (higher spreads) or a Raw Spread account that charges $3.50 per side ($7 round trip) per standard lot. Factoring in all costs, TN Trader generally delivers the lowest pricing of Trade Nation’s account choices, and the fixed-spread model offers simple, upfront pricing.

TopFX offers two accounts on both MetaTrader and cTrader: the commission-based RAW account and the spread-only ZERO account. The RAW account charges 2.75 EUR per side (5.50 EUR round trip) per standard lot; combined with average EUR/USD spreads of 0.33 pips in July 2024 and a commission equivalent of 0.55 pips, the all-in cost was about 0.88 pips—around the industry average. The ZERO account skips commissions but showed higher average EUR/USD spreads of 1.03 pips in July 2024. In short, TopFX’s RAW pricing undercuts Trade Nation’s typical ~1.0 pip on EUR/USD, while Trade Nation’s fixed spreads may appeal if you prefer straightforward, predictable pricing outside the brief rollover window.

Feature Trade Nation logoTrade Nation
TopFX logoTopFX
Minimum Deposit info $0 Depends on payment method
Average spread (EUR/USD) - Standard account info 0.6 1.03 info
All-in Cost EUR/USD - Active info 0.6 0.88 info
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info
Skrill (Deposit/Withdraw) info
Bank Wire (Deposit/Withdraw) info

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

Trade Nation vs TopFX: Both brokers let you trade forex via CFDs or spot and offer a CFD-only lineup across markets. Neither provides access to exchange-traded shares on U.S. or international exchanges, and neither supports buying actual cryptocurrency. They both offer copy trading and allow crypto speculation through CFDs.

For breadth, Trade Nation lists about 1,000 tradeable symbols, topping TopFX’s 655. For forex specialists, TopFX offers more currency pairs (60) than Trade Nation (46). Each earns 3.5 out of 5 stars for Range of Investments from ForexBrokers.com, with Trade Nation ranked 39th of 63 brokers and TopFX 47th. In short, choose Trade Nation for a wider overall symbol count, or TopFX if your priority is a larger set of forex pairs.

Feature Trade Nation logoTrade Nation
TopFX logoTopFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1000 655
Forex Pairs (Total) info 46 60
U.S. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No No
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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.

Trading platforms and tools

When comparing trading platforms and tools, Trade Nation and TopFX come out close: both offer free demo (paper) accounts, copy trading, web-based platforms, and Windows desktop apps. Each supports MetaTrader 4 (MT4), while neither supports MetaTrader 5 (MT5). Both earn 4 stars for Platforms and Tools, with Trade Nation ranked #45 and TopFX at #46 out of 63 brokers by ForexBrokers.com.

The main differences are in platform features. Trade Nation provides a proprietary, in-house platform in addition to MT4, which may appeal if you want a broker-built experience. TopFX does not have its own platform, but it does let you place trades directly from charts—a convenience Trade Nation doesn’t offer. If you value a native platform, Trade Nation stands out; if chart-based trading is key, TopFX has the edge.

Feature Trade Nation logoTrade Nation
TopFX logoTopFX
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No No
Charting - Indicators / Studies (Total) info 115 30
Charting - Trade From Chart info No Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Trade Nation and TopFX both offer mobile trading apps for iPhone and Android, complete with price alerts, trendline drawing tools, and auto‑saved chart annotations. The big difference is depth and convenience: Trade Nation packs in 99 technical studies compared with 30 on TopFX, and Trade Nation syncs watchlists between the mobile app and your online account, while TopFX does not. If you care about richer built-in indicators and seamless watchlist syncing across devices, Trade Nation has the edge.

Both apps earn 4 out of 5 stars for mobile trading. In category rankings from ForexBrokers.com, Trade Nation places #46 out of 63 brokers, while TopFX ranks #52. For traders who mainly need reliable iPhone and Android access with alerts and core charting, either app works; traders who want more technical studies and synced watchlists may prefer Trade Nation.

Feature Trade Nation logoTrade Nation
TopFX logoTopFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 99 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

Trade Nation stands out for offering daily market commentary, while TopFX does not. Both brokers deliver forex news from leading sources like Bloomberg, Reuters, or Dow Jones, and each provides a sentiment tool that shows the ratio of long vs. short positions. Trade Nation includes research from Acuity Trading’s Signal Centre but does not integrate Autochartist or Trading Central. TopFX goes the other way: it supports Autochartist and Trading Central for technical signals and pattern recognition, though its support for TipRanks or Acuity Trading isn’t specified.

TopFX also provides an economic calendar, whereas Trade Nation does not. In independent testing, Trade Nation earned 3.5 out of 5 stars for Research (ranked 43rd of 63 brokers), compared with TopFX at 3 out of 5 stars (ranked 61st of 63). In short, choose Trade Nation if you value daily commentary and Signal Centre insights, or go with TopFX if you want Autochartist, Trading Central, and a built-in economic calendar.

Feature Trade Nation logoTrade Nation
TopFX logoTopFX
Daily Market Commentary (Articles) info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central info No Yes
Client sentiment data info Yes Yes
TipRanks info No
Acuity Trading info Yes
Economic Calendar info No Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

If you’re a beginner comparing education at Trade Nation vs TopFX, Trade Nation comes out ahead for video-based learning. Trade Nation provides at least 10 beginner videos plus 10 advanced videos that explain key forex and CFD topics in plain language, while TopFX does not reach that level for beginners and lacks an advanced video library. Neither broker hosts monthly educational webinars.

The ratings back this up: Trade Nation scores 3.5 out of 5 for Education and ranks #41 out of 63 brokers on ForexBrokers.com, whereas TopFX scores 3 out of 5 and ranks #62. For learners who want a clear video pathway from basics to more advanced concepts, Trade Nation is the more supportive option; if you only need occasional materials and plan to self-teach, TopFX may suffice.

Feature Trade Nation logoTrade Nation
TopFX logoTopFX
Webinars info No No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 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 #62.

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 logoTrade Nation
TopFX logoTopFX
Overall Rating info 4/5 Stars 3.5/5 Stars
Trust Score info 85 67
Range of Investments 3.5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 3/5 Stars

FAQs

Can you trade cryptocurrency with Trade Nation or TopFX?

In the Trade Nation vs TopFX comparison of online brokers, neither offers the ability to buy actual (delivered) cryptocurrency, but both allow trading cryptocurrency CFDs.

What funding options does each broker offer?

Trade Nation vs TopFX: both brokers do not offer ACH or SEPA transfers for deposits or withdrawals, and the availability of PayPal, Skrill, Visa/Mastercard, and bank wire transfer options is not specified.

More Comparisons

Trade Nation vs Exness Trade Nation vs Tickmill Trade Nation vs Trading 212 Trade Nation vs FOREX.com Trade Nation vs Eightcap Trade Nation vs ThinkMarkets TopFX vs FOREX.com TopFX vs BlackBull Markets TopFX vs FXGT.com TopFX vs IG TopFX vs Moneta Markets TopFX vs Earn

Show all



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.

Select Brokers

↓×
  • check_box_outline_blankcheck_boxActivTrades
  • check_box_outline_blankcheck_boxACY Securities
  • check_box_outline_blankcheck_boxAdmirals
  • check_box_outline_blankcheck_boxAlpari
  • check_box_outline_blankcheck_boxATFX
  • check_box_outline_blankcheck_boxAvaTrade
  • check_box_outline_blankcheck_boxAxi
  • check_box_outline_blankcheck_boxBDSwiss
  • check_box_outline_blankcheck_boxBlackBull Markets
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxCharles Schwab
  • check_box_outline_blankcheck_boxCity Index
  • check_box_outline_blankcheck_boxCMC Markets
  • check_box_outline_blankcheck_boxDooPrime
  • check_box_outline_blankcheck_boxEarn
  • check_box_outline_blankcheck_boxeasyMarkets
  • check_box_outline_blankcheck_boxEightcap
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxExness
  • check_box_outline_blankcheck_boxFineco
  • check_box_outline_blankcheck_boxFOREX.com
  • check_box_outline_blankcheck_boxFP Markets
  • check_box_outline_blankcheck_boxFXCM
  • check_box_outline_blankcheck_boxFXGT.com
  • check_box_outline_blankcheck_boxFXOpen
  • check_box_outline_blankcheck_boxFXPrimus
  • check_box_outline_blankcheck_boxFxPro
  • check_box_outline_blankcheck_boxGBE brokers
  • check_box_outline_blankcheck_boxHFM
  • check_box_outline_blankcheck_boxHYCM (Henyep Capital Markets)
  • check_box_outline_blankcheck_boxIC Markets
  • check_box_outline_blankcheck_boxIFC Markets
  • check_box_outline_blankcheck_boxiFOREX
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxIronFX
  • check_box_outline_blankcheck_boxIUX
  • check_box_outline_blankcheck_boxLegacyFX
  • check_box_outline_blankcheck_boxLibertex (Forex Club)
  • check_box_outline_blankcheck_boxMarkets.com
  • check_box_outline_blankcheck_boxMarkets4you
  • check_box_outline_blankcheck_boxMoneta Markets
  • check_box_outline_blankcheck_boxMultiBank
  • check_box_outline_blankcheck_boxOANDA
  • check_box_outline_blankcheck_boxOcta
  • check_box_outline_blankcheck_boxPepperstone
  • check_box_outline_blankcheck_boxPlus500
  • check_box_outline_blankcheck_boxQuestrade
  • check_box_outline_blankcheck_boxRoboForex
  • check_box_outline_blankcheck_boxSaxo
  • check_box_outline_blankcheck_boxSpreadex
  • check_box_outline_blankcheck_boxSwissquote
  • check_box_outline_blankcheck_boxThinkMarkets
  • check_box_outline_blankcheck_boxTickmill
  • check_box_outline_blankcheck_boxTMGM
  • check_box_outline_blankcheck_boxTopFX
  • check_box_outline_blankcheck_boxTrade Nation
  • check_box_outline_blankcheck_boxTrading 212
  • check_box_outline_blankcheck_boxVantage
  • check_box_outline_blankcheck_boxVT Markets
  • check_box_outline_blankcheck_boxXM Group
  • check_box_outline_blankcheck_boxXTB
  • check_box_outline_blankcheck_boxXtrade

Compare

0 of 5
× Trade Nation
× TopFX
Sponsored

+ Add Broker

Close Menu ×

navigate_before navigate_next
Overall Rating Trade Nation TopFX
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Range of Investments 3.5/5 Stars 3.5/5 Stars
Platforms & 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 info 85 67
Winner check_circle
Review Trade Nation Review TopFX Review
Broker Screenshots Trade Nation TopFX
Broker Gallery (click to expand) info
Trade Nation MetaTrader 4 desktop platform. Trade Nation MetaTrader 4 desktop charts. Trade Nation TN Trader web platform. Trade Nation TradingView connection. Trade Nation TradingView web platform trade ticket window. Trade Nation TradingView web platform. Trade Nation web platform. Trade Nation client portal web dashboard Trade Nation MetaTrader 4 desktop platform. Note: Past performance is not a reliable indicator of future performance. Trade Nation web platform Signal Centre dashboard powered by Acuity detail. Note: Past performance is not a reliable indicator of future performance. Trade Nation web platform add signal to order ticket Trade Nation web platform trade ticket limit order Trade Nation web platform charting ChartIQ. Note: Past performance is not a reliable indicator of future performance.
TopFX MetaTrader 4 desktop trading platform TopFX MetaTrader 4 desktop trading platform charts TopFX cTrader web trading platform TopFX cTrader desktop trading platform charts TopFX cTrader desktop trading platform TopFX cTrader desktop trading platform algo trading TopFX cTrader desktop market order window
Regulation Trade Nation TopFX
Trust Score info 85 67
Year Founded info 2014 2010
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info No info Yes info
Tier-1 Licenses info 2 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 1
Tier-1 Licenses (Highly Trusted) Trade Nation TopFX
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info No info Yes info
Tier-2 Licenses (Trusted) Trade Nation TopFX
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA, FSRA, or SCA Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments Trade Nation TopFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1000 655
Forex Pairs (Total) info 46 60
U.S. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No No
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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 account info 0.6 1.03 info
All-in Cost EUR/USD - Active info 0.6 0.88 info
Inactivity Fee info No No
Order execution: Agency info No No
Order execution: Market Maker info Yes Yes
Funding Trade Nation TopFX
Minimum Deposit info $0 Depends on payment method
PayPal (Deposit/Withdraw) info
Skrill (Deposit/Withdraw) info
Bank Wire (Deposit/Withdraw) info
Non-wire bank transfer info No No
Trading Platforms Trade Nation TopFX
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No No
cTrader info No Yes
Trading Tools Trade Nation TopFX
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 115 30
Charting - Trade From Chart info No Yes
Charts can be saved info No Yes
Mobile Trading Trade Nation TopFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 99 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info No Yes
Research Trade Nation TopFX
Daily Market Commentary (Articles) info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central info No Yes
TipRanks info No
Client sentiment data info Yes Yes
Economic Calendar info No Yes
Education Trade Nation TopFX
Webinars info No No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Major Forex Pairs Trade Nation TopFX
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review Trade Nation Review TopFX Review
Overall Trade Nation TopFX
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Range of Investments 3.5/5 Stars 3.5/5 Stars
Platforms & 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 info 85 67
Winner check_circle
Review Trade Nation Review TopFX Review
arrow_upward

close
navigate_before navigate_next