Written by ForexBrokers.com
In this head to head comparison of Trade Nation vs Xtrade, 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 Xtrade are both online brokers offering trading services, yet they differ significantly in trust ratings and regulatory status. Trade Nation, established in 2014, holds a more favorable position with two highly trusted Tier-1 licenses and an additional Tier-2 license. This gives Trade Nation a trust score of 85 out of 99 from ForexBrokers.com, classifying them as a trusted broker. In comparison, Xtrade, founded in 2003, possesses one Tier-1 license and one Tier-2 license, earning a trust score of 74, indicating an average risk according to ForexBrokers.com's rating system.
Neither Trade Nation nor Xtrade is a publicly traded company, nor are they classified as banks. The regulatory structures of these brokers reflect their respective abilities to instill confidence among users, with Trade Nation having a slight edge due to its higher trust score and additional Tier-1 regulatory license. Investors seeking a broker that aligns more closely with trusted status may lean towards Trade Nation, while those comfortable with Xtrade's average risk profile might find its years of operation and service offerings sufficient for their needs.
| Feature |
Trade Nation
|
Xtrade
|
|---|---|---|
| Year Founded | 2014 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing the online brokers Trade Nation and Xtrade in terms of commissions and fees, Trade Nation emerges as a standout with its competitive pricing structure. Trade Nation employs fixed-spread pricing on its proprietary TN Trader platform, maintaining a consistent spread distance even as prices fluctuate. This approach offers traders a clear view of costs without the need for additional calculations, except during a brief daily rollover period. For instance, Trade Nation lists a fixed spread of 0.6 pips for the EUR/USD pair, which can widen briefly to 1.4 pips during the rollover, resulting in an average closer to 1 pip. Their account options include a commission-based Raw Spread account on MetaTrader and a commission-free account, with the TN Trader account providing the most cost-effective spreads. Trade Nation has received a commendable 5-star rating for its commissions and fees and ranks #7 out of 63 brokers according to ForexBrokers.com.
In contrast, Xtrade lacks transparency in its average spread data, which can be a concern for traders seeking to gauge overall costs. This lack of clarity in pricing hinders a clear comparison with other brokers who provide more detailed information on spreads. As a result, Xtrade's performance in the commissions and fees category is less distinguished, earning only a 2.5-star rating. Furthermore, Xtrade is ranked #63 out of 63 brokers by ForexBrokers.com, underscoring its relative weakness in offering competitive pricing.
Overall, for traders prioritizing clear and competitive pricing, Trade Nation proves to be the more appealing choice. With its fixed spreads and comprehensive account options, it offers transparency and cost efficiency, setting it apart significantly from Xtrade, whose lack of detailed pricing information and lower ranking indicates a need for improvement in this area.
| Feature |
Trade Nation
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $0 | $250 |
| Average Spread EUR/USD - Standard | 0.6 | N/A |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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.
Trade Nation and Xtrade both offer similar ways to trade, featuring forex trading via CFDs or spot contracts, but there are notable differences in the range of investments available. Trade Nation gives you access to a greater number of tradeable symbols, providing 1,000 choices compared to Xtrade's 482. However, when it comes to forex pairs, Xtrade takes the edge with 56 pairs available to Trade Nation's 46. Both brokers do not offer exchange-traded securities on U.S. or international exchanges, and neither provides the opportunity to purchase actual cryptocurrency, sticking instead with cryptocurrency derivatives.
A key feature that distinguishes Trade Nation from Xtrade is the availability of copy trading, a tool that allows traders to mimic the strategies of successful investors, which isn't supported by Xtrade. Despite these differences, both Trade Nation and Xtrade are rated evenly for their range of investments, each earning a 3.5-star rating. Trade Nation, however, holds a slightly higher ranking by ForexBrokers.com, coming in at #38 out of 63 brokers, compared to Xtrade's ranking at #49. This subtle distinction might make Trade Nation more appealing to those who prioritize a broader range of tradeable symbols and the option for copy trading.
| Feature |
Trade Nation
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 482 |
| Forex Pairs (Total) | 46 | 56 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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 evaluating the trading platforms and tools offered by Trade Nation and Xtrade, both brokers provide a proprietary platform, allowing for distinctiveness in their service. Trade Nation edges out with simulated paper trading via a free virtual demo account, a feature also available with Xtrade. Trade Nation supports a versatile trading experience with a Windows-based desktop download, which Xtrade does not. Both offer web-based platforms, but Trade Nation further stands out by offering the renowned MetaTrader 4 platform, enhancing its appeal to traders familiar with this popular software. While both brokers are not compatible with MetaTrader 5, DupliTrade, and ZuluTrade, Trade Nation offers the option of copy trading, whereas Xtrade does not.
In terms of charting tools, Xtrade provides a greater range, with 100 drawing tools compared to Trade Nation's 39. Xtrade also allows for direct trading from stock charts, adding a layer of convenience that Trade Nation does not offer. However, Trade Nation compensates by delivering comprehensive watch lists with 14 columns compared to Xtrade's 9. Trade Nation is rated 4 stars for its trading platforms and tools, surpassing Xtrade's 3.5-star rating. Furthermore, Trade Nation is ranked higher by ForexBrokers.com, coming in at #44 out of 63 brokers, while Xtrade sits at #58, indicating Trade Nation's slightly better standing in the trading platform and tools category.
| Feature |
Trade Nation
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 115 | N/A |
| Charting - Drawing Tools (Total) | 39 | 100 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 14 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to choosing a trading platform for mobile devices, Trade Nation and Xtrade each offer distinct features for their iPhone and Android apps. Both apps are available on these devices, but they differ in functionality related to trading and convenience. Trade Nation stands out with its offering of stock or forex price alerts and the ability to sync watchlists across devices, a feature not available with Xtrade. Additionally, Trade Nation allows users to draw trendlines directly on charts and access an impressive 99 technical studies, while Xtrade does not provide these capabilities.
Trade Nation further enhances the trading experience by allowing multiple time frames to be viewed on charts and by auto-saving drawings, which can be a significant benefit for active traders. It also supports creating watchlists with real-time quotes, a feature absent from Xtrade's offerings. Both apps shine with a four-star rating for mobile trading, though Trade Nation is ranked slightly higher at #45 compared to Xtrade’s #53 out of 63 brokers. Overall, Trade Nation's app is particularly suited for traders who require detailed technical functionalities and seamless synchronization.
| Feature |
Trade Nation
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 99 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing Trade Nation and Xtrade for market research, both brokers provide daily market commentary, ensuring traders are well-informed with timely insights. They also furnish forex news from renowned sources like Bloomberg and Reuters, giving traders access to trustworthy and comprehensive information in the forex market. However, both Trade Nation and Xtrade do not offer technical or fundamental research tools from Autochartist or Trading Central, limiting the range of analysis resources. While Trade Nation provides a sentiment-based trading tool that highlights the ratio of long and short positions across different currency pairs, Xtrade lacks this feature, potentially reducing the depth of market sentiment insights available to its users.
In terms of additional research tools, Trade Nation collaborates with Acuity Trading to offer services like Signal Centre, whereas Xtrade does not provide these enhanced resources. Conversely, Xtrade holds an advantage with its inclusive economic calendar, displaying critical upcoming news events affecting various global economies, a feature not available with Trade Nation. Rated equally with 3.5 stars for research quality by ForexBrokers.com, Trade Nation holds a marginally better standing in the research category, ranking 42nd out of 63 brokers, compared to Xtrade's 52nd place. This comparison highlights nuanced differences in market research offerings that may influence traders based on specific informational needs and trading strategies.
| Feature |
Trade Nation
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | No | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Trade Nation and Xtrade, both online brokers provide educational resources that cover forex and CFDs, fulfilling the basic need with at least ten educational pieces, including articles, videos, or archived webinars. However, Trade Nation stands out for beginner traders by offering a comprehensive selection of at least ten videos specifically designed for those new to trading. This makes it easier for beginners to grasp trading concepts. Xtrade, on the other hand, doesn't match this level of support for newcomers, lacking the same breadth of beginner-centric video education.
Both Trade Nation and Xtrade provide investor dictionaries with over 50 terms, aiding in demystifying complex financial jargon. Despite these educational offerings, neither broker hosts monthly online webinars or archives for past webinars, which could limit interactive learning opportunities. Interestingly, both brokers share similar educational ratings of 3.5 stars, yet Trade Nation ranks slightly higher at #41 compared to Xtrade's #46 on a list of 63 brokers. This ranking reflects small variations in their educational services that could impact a beginner's entry into trading.
| Feature |
Trade Nation
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| 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 | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Trade Nation is better than Xtrade. Trade Nation finished with an overall rank of #34, while Xtrade finished with an overall rank of #60.
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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Xtrade
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|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 74 |
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Both Trade Nation and Xtrade provide options for trading cryptocurrency derivatives, but neither platform allows for the purchase of actual, delivered cryptocurrencies.
Both Trade Nation and Xtrade provide Skrill, Visa, Mastercard, and bank wire options for depositing or withdrawing funds, but neither offers ACH, SEPA, or PayPal services.
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 | Xtrade | |
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| Trust Score | 85 | 74 | |
| Winner | check_circle | ||
| Review | Trade Nation Review | Xtrade Review |
| Broker Screenshots | Trade Nation | Xtrade | |
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| Regulation | Trade Nation | Xtrade | |
|---|---|---|---|
| Trust Score | 85 | 74 | |
| Year Founded | 2014 | 2003 | |
| 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 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | Trade Nation | Xtrade | |
|---|---|---|---|
| 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 | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Trade Nation | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 482 | |
| Forex Pairs (Total) | 46 | 56 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Xtrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.6 | N/A | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Trade Nation | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $0 | $250 | |
| PayPal (Deposit/Withdraw) | No | No | |
| 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 | Xtrade | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Trade Nation | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 14 | 9 | |
| Charting - Indicators / Studies (Total) | 115 | N/A | |
| Charting - Drawing Tools (Total) | 39 | 100 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | No | No |
| Mobile Trading | Trade Nation | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 99 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | No | No |
| Research | Trade Nation | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | No | Yes |
| Education | Trade Nation | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| 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 | Yes |
| Major Forex Pairs | Trade Nation | Xtrade | |
|---|---|---|---|
| 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 | Xtrade Review |
| Overall | Trade Nation | Xtrade | |
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| Trust Score | 85 | 74 | |
| Winner | check_circle | ||
| Review | Trade Nation Review | Xtrade Review |
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