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TickmillTrade Nation Review
Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Blain Reinkensmeyer
Steven HatzakisSteven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. He is a forex industry expert and an active fintech and crypto researcher.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. 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’s well-designed, easy-to-use trading app for web and mobile is an innovative platform suite that’s great for beginner forex and CFD traders. However, if you’re a seasoned trader, you may find that Trade Nation lacks some of the advanced features available on top-tier platforms. Still, its competitive fixed-spread pricing helps it stand out in a crowded field.
-
Minimum Deposit:
$0 -
Trust Score:
85 -
Tradeable Symbols (Total):
1000
| Range of Investments | |
| Commissions & Fees | |
| Platforms & Tools | |
| Research | |
| Mobile Trading | |
| Education |
Check out ForexBrokers.com's picks for the best forex brokers in 2025.
| 2025 | #34 |
| 2024 | #34 |
| 2023 | #35 |
| 2022 | #33 |
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Table of Contents
Trade Nation pros & cons
Pros
- Offers TradingView and ChartIQ-powered TN Trader charts.
- Dow Jones headlines and Acuity signals built into platform.
- Copy trading available via TradeCopier and Pelican.
Cons
- No economic calendar available.
- Market research still trails top brokers in video content.
- Education lacks depth; no structured courses offered.
- MT4 platform offers fewer markets than the proprietary platform.
My top takeaways for Trade Nation in 2025:
- Trade Nation offers a dollar-per-point default staking size, where rather than select a trade size in units, you can select how much you want to risk per price point or per pip. This is comparable to brokers like eToro or Plus500.
- Trade Nation's web and mobile platforms are thoughtfully designed and easy to use, helping the broker win Best in Class honors in our Ease of Use category for the 2025 Annual Awards.
- Fixed spreads for forex and CFD trading are competitive, except during rollover time. Trade Nation won Best in Class in the Commissions and Fees category for 2025.
- Trade Nation revamped its podcast series, but the PowerTrading podcast has not yet launched. It is still "coming soon" as of early April 2025.
Trust Score
Developed by ForexBrokers.com and in use for nearly 10 years, Trust Score is a proprietary rating system powered by a range of unique quantitative and qualitative metrics, including each company’s number of regulatory licenses. Trust Scores range from 1 to 99 (the higher a broker’s rating, the better). Learn more.
Is Trade Nation safe?
Trade Nation is considered Trusted, with an overall Trust Score of 85 out of 99. 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 one Tier-4 regulators (High Risk). Trade Nation is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA). Learn more about Trust Score.
| Feature |
 Trade Nation
|
|---|---|
| Year Founded | 2014 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 2 |
| Tier-2 Licenses | 1 |
| Tier-3 Licenses | 0 |
| Tier-4 Licenses | 2 |
Range of investments
Trade Nation offers a total of just over 1,000 tradeable symbols. These consist of 46 forex pairs and share CFDs across U.S., U.K., and European exchanges, including South African shares, along with popular commodities, metals, bonds, cryptocurrencies, and indices.
Cryptocurrency: Cryptocurrency trading is available through CFDs, but not available through trading the underlying asset (e.g. buying Bitcoin). 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). Cryptocurrency trading is available on Trade Nation’s Web Platform to clients who have signed up under Trade Nation’s Bahamas entity.
| Feature |
Trade Nation
|
|---|---|
| Forex Trading (Spot or CFDs) | Yes |
| Tradeable Symbols (Total) | 1000 |
| Forex Pairs (Total) | 46 |
| U.S. Stock Trading (Non CFD) | No |
| Int'l Stock Trading (Non CFD) | No |
| Social Trading / Copy Trading | Yes |
| Cryptocurrency (Physical) | No |
| Cryptocurrency (Derivative) | 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). |
Trade Nation fees
Trade Nation offers competitive fixed-spread pricing across all tradeable symbols on its proprietary platform in addition to variable-spread pricing on its MetaTrader platform. While most brokers offer variable pricing, Trade Nation keeps the spread distance fixed as prices update. This means its pricing can be considered an average price as-is, with no further calculation needed – except during the rollover period each day when prices widen for about one hour.
Fixed spreads: Trade Nation lists a fixed spread of 0.6 pips for the EUR/USD pair. It’s worth mentioning again that Trade Nation does widen its spreads briefly during its rollover period each day to as much as 1.4 pips, bringing the true average closer to 1 pip when factoring all price tick data (though it can be lower, depending on whether the average is weighted by time or trade volume).
Account types: Trade Nation offers three primary account types: two are MetaTrader-based, which includes a commission-based Raw Spread account that charges a $3.50 commission per side ($7 per round-trip) per standard lot and a commission-free account, and one is for its TN Trader account for use with its proprietary TN Trader web platform. The highest spreads are on its commission-free account for MetaTrader, whereas its TN Trader account appears to offer the lowest spreads compared to the other two account types when factoring in the all-in costs. Overall, considering that spreads are fixed, Trade Nation fares well in this category.
| Feature |
Trade Nation
|
|---|---|
| Minimum Deposit | $0 |
| Average Spread EUR/USD - Standard | 0.6 |
| All-in Cost EUR/USD - Active | 0.6 |
| Active Trader or VIP Discounts | No |
| ACH or SEPA Transfers | No |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
| Bank Wire (Deposit/Withdraw) | Yes |
Mobile trading apps
Overall, the Trade Nation app scores highly for ease-of-use but lacks some of the advanced features that are typically found in the best trading apps.
Apps overview: The Trade Nation mobile app is available directly from the Google Play and Apple App Store for Android and iOS devices, respectively, and MetaTrader 4 (MT4) is also available to Trade Nation clients.
Ease of use: The Trade Nation mobile app is just as easy to use as its web counterpart, and features the same functionality and unique features — such as its news, daily report, and integrated Signals from Acuity — that helped Trade Nation earn a Best in Class rating for Ease of Use in 2025.
Charting: Charting in the Trade Nation mobile app is powered by ChartIQ, and features over 90 indicators and dozens of drawing tools.
A chart on Trade Nation's TN Trader mobile app, featuring multi‑time‑frame charting and technical indicators.
Trading tools: There has been progress year over year with the addition of more research, such as the Daily Report alongside headlines from Dow Jones within the mobile app, but there remains still more space that can be used to enhance the user experience. There’s simply a lot of real estate left on the platform where more trading tools and features can be added. That being said, I was pleased to find trading signals powered by Acuity Trading, which can be easily copied and are nicely integrated under the signals tab for live account holders.
| Feature |
Trade Nation
|
|---|---|
| Android App | Yes |
| Apple iOS App | Yes |
| Mobile Alerts - Basic Fields | Yes |
| Watchlist Syncing | Yes |
| Mobile Charting - Draw Trendlines | Yes |
| Mobile Charting - Multiple Time Frames | Yes |
| Mobile Economic Calendar | No |
| Mobile Charting - Indicators / Studies | 99 |
Trading platforms
Trade Nation's TN Trader web platform is overly simplified – so much so, that it often feels as though there are significant gaps in its offering, despite standing out for its ease of use and minimalistic design. The addition of news headlines from Dow Jones has helped elevate Trade Nation’s web platform, though it still trails behind industry leaders such as Saxo, IG, and CMC Markets in this category.
Platforms overview: The TN Trader web platform is supported by the latest modern browsers and has simple steps for carrying out core actions like setting an alert, adding a symbol to your favorites, opening a chart, or placing an order. Trade Nation also offers MetaTrader 4 (MT4) and the increasingly popular TradingView platform.
The Trade Nation TN Trader web trading platform, exploring popular markets.
The features I liked most in Trade Nation’s web platform were the pre-defined watchlists found in the market explorer, and the ability to create multiple custom watchlist. On the other hand, the lack of an economic calendar in the TN Trader web platform leaves a gap in its offering.
Charting: Charting in the TN Trader web platform is powered by ChartIQ, a popular provider of charting software within the online brokerage industry. With 35 drawing tools and 115 indicators, Trade Nation’s web charts have rich technical analysis capabilities – similar to TradingView charts. The biggest drawback is that even though you can trade from the charts on TN Trader using the small deal ticket in the corner, you cannot drag-to-modify orders on the chart, a small but important distinction for active traders. That said, charts have continued to improve year over year, which is a step in the right direction.
Trading tools: Research and news headlines are absent in terms of in-house content or third-party articles beyond the curated news headlines from Dow Jones Newswire. Though there’s still a lot of unused space where I anticipated more tools, I was glad to see Acuity Trading signals, which are easy to copy and well-integrated for live account users.
Guaranteed stop-loss: Trade Nation offers several order types, including a guaranteed stop-loss. At 3 pips, the price to add a guaranteed stop-loss order is expensive, compared to CMC Markets or IG. That said, pricing is competitive on Trade Nation’s fixed spread offering.
Copy trading: Trade Nation recently launched TradeCopier, its copy trading solution available for web and mobile, powered by Pelican Exchange. I'm glad to see this launch as it helps round out Trade Nation's offering for clients who want to diversify their trading with copy trading.
| Feature |
Trade Nation
|
|---|---|
| Virtual Trading (Demo) | Yes |
| Proprietary Platform | Yes |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| Social Trading / Copy Trading | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| DupliTrade | No |
| ZuluTrade | No |
| Charting - Indicators / Studies (Total) | 115 |
| Charting - Drawing Tools (Total) | 39 |
| Charting - Trade From Chart | No |
| Watchlists - Total Fields | 14 |
Research
Trade Nation trails slightly behind the industry average in the research category. Its mobile app does publish articles throughout the week, as part of its Daily Report, and on its website research has a new dedicated section with daily market analysis articles from in-house staff. In addition, I was appreciative to find Trade Nation’s newly added Signal Centre available to clients from within the web platform, featuring trading signals from an FCA-regulated provider.
Signal Centre dashboard on Trade Nation’s web platform, powered by Acuity Trading.
Research overview: Trade Nation’s research is mostly found in three places: the news and analysis section of its website, its official YouTube channel, and the news module in its mobile app and web platform. The recent addition of integrated news headlines from Dow Jones was a great step, along with its Daily Report updates. However, I'm still eager to see the addition of an economic calendar which is missing from the research and platform offering.
Market news and analysis: On Trade Nation’s YouTube channel you’ll find a growing variety of content, like archived analysis videos such as the Trading Insights and TRADERCAST series that contain over 130 recordings. Overall, Trade Nation’s videos are good-quality and focus on technical and fundamental analysis, yet content that focuses on research, daily market news, and analysis is still limited. The number of newly uploaded videos that are primarily research-focused has been reduced, and the best brokers in this category feature a wider variety of research content and produce videos more frequently each day.
| Feature |
Trade Nation
|
|---|---|
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Autochartist | No |
| Trading Central (Recognia) | No |
| Social Sentiment - Currency Pairs | Yes |
Education
Trade Nation’s educational content is mainly for beginners – even the premium and advanced content is basic. It was encouraging to find a new standalone section for education, distinct from the research area. Overall, Trade Nation has made great progress to expand the education category. One such example is the broker’s addition of its Experts Explain series, where professionals write articles that are designed to answer common research questions. In addition, Trade Nation has begun producing good quality educational videos syndicated on its YouTube channel, which I found to be helpful and ranging from basic to advanced topics such as how to interpret logs in Pinescript on TradingView. In recent months, Trade Nation has added dozens of videos, which could eventually be integrated into courses or embedded within articles.
Learning center: Educational content at Trade Nation consists primarily of its Beginner Guides series, a few archived webinars, and an assortment of articles in its news and analysis section. Also worth noting is Trade Nation’s No Shortcuts to Success podcast, which I found to be lively and contained good discussions. It's worth mentioning that its latest podcast revamp is not yet live as the Power Trading podcast is still labeled as coming soon.
Trade Nation educational articles geared towards newer traders.
Room for improvement: It does appear that Trade Nation continues to make slow but steady progress in the education category which I view as a net positive, despite still have lots of room for further improvement. Organizing the educational content so that it is clearly set apart from the research and market news articles was a step in the right direction. Last but not least, adding interactive courses with progress tracking would help to further elevate Trade Nation’s ranking in this category.
| Feature |
Trade Nation
|
|---|---|
| Education (Forex or CFDs) | Yes |
| Client Webinars | No |
| Client Webinars (Archived) | No |
| Videos - Beginner Trading Videos | Yes |
| Videos - Advanced Trading Videos | Yes |
| Investor Dictionary (Glossary) | Yes |
Final thoughts
Trade Nation has established itself across its network of global entities with a variety of regulatory licenses, and offers a decent range of markets through its easy-to-use trading platform suite for web and mobile. Adding additional licenses has helped to lift its Trust Score and overall value proposition.
While Trade Nation could be a good stepping-stone for beginners and less active traders, the absence of advanced trading tools and additional research and educational content may leave more demanding investors looking for more. That said, the broker recently launched TradingView, and evolving features such as its SignalDP and TradeCopier service are helping to bridge the gap to cater to more sophisticated traders.
Trade Nation Star Ratings
| Feature |
Trade Nation
|
|---|---|
| Overall Rating |
|
| Trust Score | 85 |
| Range of Investments |
|
| Commissions & Fees |
|
| Platforms & Tools |
|
| Research |
|
| Mobile Trading |
|
| Education |
|
ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Here's how we test.
ForexBrokers.com 2025 Annual Awards
For the ForexBrokers.com 2025 Annual Awards, brokers were evaluated against ForexBrokers.com’s 8 Primary Categories: Commissions & Fees, Range of Investments, Platforms & Tools, Mobile Trading Apps, Research, Education, Trust Score, and Overall.
Best in Class honors were awarded to the Top 7 forex brokers in each of the following areas: Beginners, Copy Trading, Ease of Use, MetaTrader, TradingView, Algo Trading, Crypto Trading, and Professional Trading.
Category awards
| Rank #1 | Streak #1 | Best in Class | Best in Class Streak | |
| Commissions & Fees | 1 | |||
| Ease of Use | 4 |
Our testing
Why you should trust us
Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA).
All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.
Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Click here to learn more about how we test.
How we tested
At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
Mobile testing is conducted on modern devices that run the most up-to-date operating systems available:
- For Apple, we use MacBook Pro laptops running macOS 15.3, and the iPhone XS running iOS 18.3.
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All websites and web-based platforms are tested using the latest version of the Google Chrome browser.
Our researchers thoroughly test a wide range of key features, such as the availability and quality of watch lists, mobile charting, real-time and streaming quotes, and educational resources – among other important variables. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms.
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.
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About Trade Nation
Founded in 2014, Trade Nation is a brand and trading name of multiple entities that hold regulatory licenses across the globe, including in the U.K. by the Financial Conduct Authority (FCA) under Trade Nation Financial UK Ltd, in Australia by the Australian Securities and Investment Commission (ASIC) under Trade Nation Australia Pty Ltd, in South Africa by the Financial Sector Conduct Authority (FSCA) under Trade Nation Financial Pty Ltd, in the Bahamas by the Securities Commission of the Bahamas (SCB) under Trade Nation Ltd, and in Seychelles by the Financial Services Authority (FSA) of Seychelles under Trade Nation Financial Markets Ltd.
About the Editorial Team
Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
John Bringans is the Managing Editor at ForexBrokers.com. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.