Written by ForexBrokers.com
In this head to head comparison of FOREX.com vs Trade Nation, 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.
FOREX.com, established in 1999, stands out with its high trust score of 99 from ForexBrokers.com, marking it as a highly trusted choice for online trading. With 7 Tier-1 licenses, FOREX.com showcases an exemplary level of regulatory adherence, indicating strong investor protection. As a publicly traded entity, it offers transparency and financial stability, characteristics often favored by traders looking for reliable brokers. Despite not being a bank, its comprehensive licensing underscores its commitment to creating a secure trading environment.
Founded in 2014, Trade Nation offers a trusted alternative for traders with a respectable trust score of 85. Despite holding just 2 Tier-1 licenses compared to FOREX.com's 7, Trade Nation remains a solid broker choice with an average level of trustworthiness. While it is not publicly traded, which might be a consideration for those seeking the additional transparency such a status offers, it still holds 1 Tier-2 license, similar to FOREX.com, reflecting its competency in providing a trusted trading experience. Like FOREX.com, Trade Nation ensures a secure trading atmosphere without being a traditional bank.
| Feature |
FOREX.com
|
Trade Nation
|
|---|---|---|
| Year Founded | 1999 | 2014 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
FOREX.com is known for its market maker execution and transparent pricing, offering various account types and execution methods. However, it tends to be slightly more expensive than the industry average, particularly in the U.S. For non-U.S. traders, the EUR/USD spreads averaged 0.74 in July 2023, while its RAW account offers lower spreads with a per-trade commission. The Standard account, suitable for MetaTrader clients, has average spreads of 1.4 on the EUR/USD in the U.S. The newer RAW Spread account, available in Canada, the U.S., and the EU, provides commission-based pricing with volume-based rebates, making it a competitive choice for active traders reaching high trading volumes. FOREX.com earns a commendable 4.5 star rating and ranks #13 for commissions and fees out of 62 brokers.
Trade Nation distinguishes itself with its competitive fixed-spread pricing, offering a stable structure for traders on its proprietary and MetaTrader platforms. The fixed spread for the EUR/USD pair is 0.6 pips, briefly widening to 1.4 pips during the daily rollover period. This setup simplifies cost calculation for traders. Trade Nation offers three main account types: a commission-based Raw Spread account, a commission-free account on MetaTrader, and a TN Trader account with its lowest spreads on the proprietary platform. With consistent pricing and ease of use, Trade Nation excels in this area, achieving a 5-star rating and securing the #7 rank for commissions and fees among 62 brokers.
| Feature |
FOREX.com
|
Trade Nation
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 1.4 | 0.6 |
| All-in Cost EUR/USD - Active | 0.9 | 0.6 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FOREX.com and Trade Nation both allow forex trading as a CFD or spot contract, catering to traders interested in these financial products. However, when it comes to the variety of tradeable symbols, FOREX.com takes a significant lead with 5,500 options compared to Trade Nation's 1,000. For forex pairs specifically, FOREX.com offers 91 pairs while Trade Nation provides 46. Neither platform supports buying actual exchanged-traded securities on U.S. or international exchanges, nor do they offer real cryptocurrency purchases. Still, both offer trading in cryptocurrency derivatives to meet the demand for digital asset speculation. Copy trading is not available at FOREX.com, whereas Trade Nation provides this feature, allowing users to learn from seasoned traders.
In terms of their investment ranges, FOREX.com receives a 5-star rating, landing at #7 out of 62 brokers surveyed by ForexBrokers.com. Trade Nation holds a 3.5-star rating and ranks at #38 in the same category. These rankings highlight FOREX.com's superior offerings for traders seeking a broad array of investment choices. While both brokers maintain a solid foundation for forex and derivative trading, FOREX.com's broader range and higher industry standing make it a more versatile choice for diverse trading opportunities.
| Feature |
FOREX.com
|
Trade Nation
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 1000 |
| Forex Pairs (Total) | 91 | 46 |
| 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 (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 comparing the trading platforms and tools offered by FOREX.com and Trade Nation, both brokers provide a free virtual demo account, allowing users to practice trading without financial risk. Each broker features a proprietary platform and supports MetaTrader 4, with FOREX.com also supporting MetaTrader 5. Both brokers offer clients the convenience of trading through a Windows-based desktop download and a web-based platform. However, Trade Nation includes copy trading capabilities, which can be appealing to traders interested in mirroring the strategies of others.
In terms of charting tools, FOREX.com stands out with 239 drawing tools, compared to Trade Nation's 39, while also offering the ability to trade directly from a stock chart—a feature Trade Nation lacks. FOREX.com's watch lists are more detailed, supporting 20 columns compared to Trade Nation's 14. In ratings, FOREX.com leads with five stars for its platforms and tools, ranking 7th out of 62 brokers on ForexBrokers.com, while Trade Nation has a four-star rating, placing it at 45th. This comparison highlights FOREX.com's broader toolset and higher market ranking, making it a strong contender for traders who value comprehensive features and versatility.
| Feature |
FOREX.com
|
Trade Nation
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 88 | 99 |
| Charting - Drawing Tools (Total) | 239 | 39 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 20 | 14 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading, both FOREX.com and Trade Nation offer iPhone and Android apps packed with essential features for traders. Users of either app can enjoy stock and forex price alerts and synchronize their watchlists across all devices, ensuring up-to-date portfolio management. These apps also support creating watchlists with real-time quotes and provide a wide range of technical analysis tools. FOREX.com offers 88 technical studies, while Trade Nation provides a slightly higher number with 99. Drawing trendlines and viewing multiple time frames on charts is straightforward on both apps, and they automatically save any annotations made.
In terms of ratings, FOREX.com impresses with a five-star customer rating for its mobile trading apps, reflecting its high user satisfaction and efficiency. In comparison, Trade Nation receives a commendable but lower four-star rating. Ranking high with a #3 position out of 62 brokers by ForexBrokers.com for mobile apps, FOREX.com significantly outpaces Trade Nation, which is ranked at #45. Those looking for a top-tier mobile trading experience might prefer FOREX.com, while Trade Nation still offers a solid, reliable performance with excellent charting capabilities.
| Feature |
FOREX.com
|
Trade Nation
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 88 | 99 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research offerings, FOREX.com stands out with a variety of features that appeal to traders looking for in-depth analysis and timely insights. FOREX.com provides daily market commentary and offers forex news from well-known sources like Bloomberg and Reuters. It also gives traders access to advanced tools from Trading Central, such as technical analytics, and features a sentiment-based trading tool that displays the ratio of long and short positions. Additionally, FOREX.com includes a comprehensive economic calendar that highlights key global news events, earning it a research rating of 4.5 stars and a commendable 9th place ranking among 62 brokers reviewed by ForexBrokers.com.
In comparison, Trade Nation offers a more streamlined set of research features, with access to forex news from top-tier sources and a sentiment-based trading tool similar to FOREX.com. However, it lacks daily market commentary, Trading Central tools, and an economic calendar, though it does support some research capabilities through Acuity Trading's Signal Centre. Despite these offerings, Trade Nation receives a lower research rating of 3.5 stars and ranks 42nd among brokers in the research category, reflecting its more limited market research tools compared to FOREX.com.
| Feature |
FOREX.com
|
Trade Nation
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | No |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, FOREX.com and Trade Nation both offer a solid selection of materials. Each broker provides more than ten educational pieces focused on forex and CFDs, including articles, videos, and webinars. However, FOREX.com excels with its monthly online webinars and a searchable archive of recorded sessions, giving newcomers ongoing learning opportunities. While both platforms offer beginner videos, FOREX.com also includes educational content for more advanced traders, which Trade Nation lacks.
Further enhancing its offerings, FOREX.com includes an extensive investor dictionary with over 50 trading terms, something Trade Nation does not provide. The quality and breadth of educational resources have earned FOREX.com a 4.5-star rating and a prestigious #4 rank out of 62 brokers in the Education category by ForexBrokers.com. In contrast, Trade Nation holds a 3.5-star rating and is positioned at #42, signifying a less comprehensive educational outreach to traders. This makes FOREX.com a more appealing choice for those prioritizing educational support in their trading journey.
| Feature |
FOREX.com
|
Trade Nation
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that FOREX.com is better than Trade Nation. FOREX.com finished with an overall rank of #5, while Trade Nation finished with an overall rank of #34.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
|
Trade Nation
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 85 |
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Both FOREX.com and Trade Nation do not offer the ability to buy actual delivered cryptocurrency, but they do provide the option to trade cryptocurrency derivatives.
Both FOREX.com and Trade Nation provide Visa or Mastercard and bank wire options for funding accounts, but differ as FOREX.com supports ACH/SEPA transfers and PayPal, while Trade Nation exclusively supports Skrill.
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 | FOREX.com | Trade Nation | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | Trade Nation Review |
| Broker Screenshots | FOREX.com | Trade Nation | |
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| Regulation | FOREX.com | Trade Nation | |
|---|---|---|---|
| Trust Score | 99 | 85 | |
| Year Founded | 1999 | 2014 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | Trade Nation | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FOREX.com | Trade Nation | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FOREX.com | Trade Nation | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 1000 | |
| Forex Pairs (Total) | 91 | 46 | |
| 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 (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 | FOREX.com | Trade Nation | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | 0.6 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.6 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FOREX.com | Trade Nation | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FOREX.com | Trade Nation | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FOREX.com | Trade Nation | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 20 | 14 | |
| Charting - Indicators / Studies (Total) | 88 | 99 | |
| Charting - Drawing Tools (Total) | 239 | 39 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | No |
| Mobile Trading | FOREX.com | Trade Nation | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 88 | 99 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | No |
| Research | FOREX.com | Trade Nation | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | No |
| Education | FOREX.com | Trade Nation | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FOREX.com | Trade Nation | |
|---|---|---|---|
| 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 | FOREX.com Review | Trade Nation Review |
| Overall | FOREX.com | Trade Nation | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | Trade Nation Review |
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