Trade Nation is a low-cost CFD broker operating in Australia. Investors can trade CFDs (contracts for difference) either through their own TN Trader CFD platform or the popular MetaTrader 4 platform. With Trade Nation, you can trade share market CFDs, indice CFDs, commodity CFDs and forex currency CFDs.
Trade Nation review (prev. TradeDirect365)
- Minimum Spreads for Major Currencies
- 0.8 - 3.0 pips
- Available markets
- 33+ currencies, commodities, cryptocurrency, index CFDs, and stock CFDs
- Platforms
- TN Trader
Trading view
MT4
Trade Copier
General information only. All forms of investments (and in particular, trading CFDs, commodities and forex) carry significant risk, including the risk of losing more than the invested amounts, market volatility and liquidity risks. Past performance is no guarantee of future results. Such activities are not suitable for most investors.
Our verdict
Get low fixed spreads on CFDs and choose between MT4 and TN Trader platforms.
Trade Nation is prides itself on low fees and commissions and its account options and platforms will appeal to most investors. It also has a wide variety of contracts for difference (CFDs) available. All in all, despite lacking some of the history of more established players, Trade Nation will appeal to the majority of investors.
Details
Product details
| Type of broker | Online |
| Available markets | 33+ currencies, commodities, cryptocurrency, index CFDs, and stock CFDs |
| Minimum Spreads for Major Currencies | 0.8 - 3.0 pips |
| Commission | $0 |
| Platforms | TN Trader Trading view MT4 Trade Copier |
| Support | Phone, email and live chat |
Who is Trade Nation?
Trade Nation was founded in 2014 with the goal of providing clients up-front CFD trading options with low fixed spreads. It offers tight, fixed spreads on the share market CFDs and forex CFDs that they offer.
Regulated by the Australian Securities & Investments Commission (ASIC), with clients funds held on trust with Westpac for added security, traders who choose Trade Nation can have an added peace of mind that their funds are safe.
What are the key features of Trade Nation?
- Fixed spreads across a wide range of markets
- Choose from 2 trading platforms (MT4 and TN Trader)
- Trade share market CFDs, indices, commodities and currencies
- Free demo account with $10,000 virtual funds
- No minimum deposit
- Zero commission on trades
- Regulated by ASIC
What markets can I trade with Trade Nation?
Trade Nation allows you to trade share market CFDs (including Australian, US, European and UK shares), indice CFDs, commodity CFDs and forex currency CFDs.
You can trade forex CFDs, indice CFDs, commodity CFDs and cryptocurrency CFDs via the popular MetaTrader 4 platform.
What are Trade Nation's spreads and fees?
Trade Nation's key selling point is its low fixed spreads. The broker aims to offer competitive, transparent pricing across all the financial instruments it offers.
Spreads
Trade Nation offers fixed spreads across its product range. Some examples of typical spreads include:
- Forex CFDs: From 0.6 pips on EUR/USD, 0.8 pips on GBP/USD and 0.8 pips on AUD/USD.
- Commodity and indice CFDs: Fixed spreads available on popular commodities like gold and crude oil, as well as major indices including the ASX 200, Wall Street 30 and UK 100.
Commissions
Trade Nation does not charge any commissions on trades. Instead, the cost of trading is factored into the spread.
Deposit and withdrawal fees
There are no fees charged by Trade Nation when you deposit or withdraw funds from your account. However, your bank or payment provider may charge transaction fees.
Inactivity fee
If there is no trading activity on your account for 180 days, an inactivity fee of $5 per month (or currency equivalent) will apply until activity resumes or the account balance reaches zero.
Overnight financing
If you hold a CFD position overnight, an overnight financing fee (swap rate) will apply. These fees vary depending on the asset being traded and the direction of the trade (long or short).
What trading platforms does Trade Nation offer?
Trade Nation gives clients access to 2 main trading platforms:
1. TN Trader
TN Trader is Trade Nation's proprietary web-based trading platform. It features:
- Clean, intuitive interface suitable for beginners and experienced traders
- Interactive charting with multiple chart types, technical indicators and drawing tools
- Deal ticket with clear display of margin requirements, risk and potential profit/loss
- Available on desktop web browsers and mobile apps (iOS and Android)
2. MetaTrader 4 (MT4)
MetaTrader 4 is one of the world's most widely used trading platforms. It offers:
- Advanced charting tools and technical analysis indicators
- Automated trading via Expert Advisors (EAs)
- Customisable workspace
- Available on desktop, web and mobile
Customer support
Trade Nation provides 24/5 customer support while global financial markets are open. Investors can contact them in 3 main ways:
- Phone
- Live chat
How do I open an account with Trade Nation?
Opening an account with Trade Nation is straightforward and can be completed online in a few steps:
- Visit the Trade Nation website and click the "Sign Up" or "Open Account" button.
- Provide your personal details, including your full name, email address and contact number.
- Verify your identity by providing government-issued ID (such as a passport or driver's licence) and proof of address.
- Deposit funds into your newly opened account (there is no minimum deposit requirement).
- Start trading.
Frequently asked questions
Sources
This information is general in nature and is no substitute for professional advice. It does not take into account your personal situation. This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for most investors. You do not own or have any interest in the underlying asset. Capital is at risk, including the risk of losing more than the amount originally put in, market volatility and liquidity risks. Past performance is no guarantee of future results. Tax on profits may apply. Consider the Product Disclosure Statement and Target Market Determination for the product on the provider's website. Consider your own circumstances, including whether you can afford to take the high risk of losing your money and possess the relevant experience and knowledge. We recommend that you obtain independent advice from a suitably licensed financial advisor before making any trades.
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Marc Finder
Publisher
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Jonathan
October 10, 2017
Hello Paula,
Thank you for your inquiry.
We don’t have a specific advice on which platform to take for new traders, however we have a full-guide on online trading and investing which may be helpful to you. Additionally, you can also learn some general information on how to choose the platform for your online share trading business.
We have courses for new traders which can aid in knowing the foundations of trading shares and how to make money on the stock market.
Hope this helps.
Cheers,
Jonathan
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Hussein
June 13, 2016
Hoe long does it take to buy and sell a share on this platform?
Shirley Liu Finder
June 28, 2016
Hi Hussein,
Thanks for your question.
The buying and selling itself happens in real time as long as it meets the price you’ve set.
However, all transactions related to the ASX go through CHESS which operates on a 3 day delivery payment system. Then you’ll need to transfer the funds from your TradeDirect account to your bank account if you want to use the funds.
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Dean
May 22, 2016
Do you provide leverage of 1:500 for forex account ?
Shirley Liu Finder
May 26, 2016
Hi Dean,
Thanks for your question.
Tradedirect365 doesn’t offer 500-1 leverage as TradeDirect365 believes that it is typically too much leverage for retail clients and not in their best interests.
They can increase client leverage up to 400-1 on the MT4 platform for clients that fully understand the risks involved.
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Paula
October 10, 2017
Hi Shirley
I am a new trader and would like your opinion on the best company to get me started. I like the idea of being able to trade on the go but want an appropriate platform for a new user. Many thanks.