Written by ForexBrokers.com
In this head to head comparison of FP Markets 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.
Founded in 2005, FP Markets stands out as a veteran in the online brokerage arena. With a ForexBrokers.com Trust Score of 89, it falls within the 'trusted' range, making it a reliable choice for traders. Although FP Markets is neither publicly traded nor a bank, it holds a commendable two Tier-1 licenses alongside one Tier-2 license. These licenses suggest a strong regulatory backing, enhancing its appeal to those prioritizing security and oversight in their financial dealings.
In contrast, Trade Nation, which began operations in 2014, has quickly established itself with a Trust Score of 85. Similar to FP Markets, Trade Nation is not listed on any stock exchange and is not a bank. It possesses two Tier-1 licenses and one Tier-2 license, reflecting a solid level of trust and regulatory compliance for its clients. Both brokers present reliable options, catering to those seeking regulated financial services with a focus on trust and security.
| Feature |
FP Markets
|
Trade Nation
|
|---|---|---|
| Year Founded | 2005 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
FP Markets is acclaimed for its cost-effective commission structure, particularly on its ECN account through both MetaTrader and cTrader platforms. Maintaining a 5-star rating for commissions and fees, it proudly stands at 6th in global rankings by ForexBrokers.com. The Raw ECN account highlights its competitive nature, offering average spreads of 0.1 pips, translating to about 0.8 pips when considering the commission. On the other hand, the Standard account presents average spreads of 1.1 pips, making it a steeper choice for EUR/USD pairs. For Australian users, the Iress platform offers various accounts based on deposit requirements, with the Premier account offering the most value in avoiding fees, although high-balance alternatives from Saxo and CMC Markets could be more cost-effective.
Trade Nation shines with fixed-spread pricing across its platform, achieving a 5-star rating and ranking 7th in the ForexBrokers.com Commissions and Fees category. The EUR/USD pair has fixed spreads starting at 0.6 pips; however, during daily rollover periods, spreads may widen to as much as 1.4 pips, typically averaging around 1 pip. Trade Nation's pricing model is straightforward, offering stable and predictable costs, especially valued by traders seeking consistent spread prices.
With three primary account types, Trade Nation provides MetaTrader-based accounts with both commission-based Raw Spread (charging $7 per round-trip per standard lot) and commission-free options. The proprietary TN Trader account often features lower spreads compared to its MetaTrader options when factoring in all costs. Overall, both FP Markets and Trade Nation present serious considerations for traders focused on minimizing costs while maximizing the transparency and reliability of spreads.
| Feature |
FP Markets
|
Trade Nation
|
|---|---|---|
| Minimum Deposit | $100 AUD | $0 |
| Average Spread EUR/USD - Standard | 1.2 | 0.6 |
| All-in Cost EUR/USD - Active | 0.7 | 0.6 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | 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.
FP Markets and Trade Nation both offer forex trading as a Contract for Difference (CFD), with FP Markets providing access to an impressive 10,000 tradeable symbols, including 71 forex pairs. In comparison, Trade Nation offers 1,000 tradeable symbols and 46 forex pairs. Both platforms support copy trading but do not provide direct access to exchange-traded securities on either U.S. or international exchanges. Additionally, while neither platform allows the purchase of actual cryptocurrencies, they both offer cryptocurrency derivatives.
When it comes to Range of Investments, FP Markets earns a rating of 4.5 stars, ranking #18 out of 62 brokers according to ForexBrokers.com. Meanwhile, Trade Nation is rated at 3.5 stars and occupies the #38 spot in the same category. This indicates that FP Markets may provide a more extensive range of investment opportunities compared to Trade Nation, particularly for those interested in a wider selection of tradeable symbols and forex pairs.
| Feature |
FP Markets
|
Trade Nation
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 1000 |
| Forex Pairs (Total) | 71 | 46 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | 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 of FP Markets and Trade Nation, both brokers excel in providing comprehensive features that cater to various trading preferences. Both FP Markets and Trade Nation offer virtual demo accounts, allowing users to practice trading without financial risk. Each broker provides proprietary platforms developed in-house as well as a Windows-based desktop trading platform and a web-based browser platform. They both support copy trading and offer MetaTrader 4 (MT4), though only FP Markets extends its offerings to include MetaTrader 5 (MT5). Neither broker supports DupliTrade or ZuluTrade, keeping their focus on the essential trading tools most traders seek.
Delving into specific charting capabilities and watchlist features, FP Markets delivers 17 drawing tools and allows for trading directly from stock charts, whereas Trade Nation offers more versatility with 39 drawing tools but does not support trading directly from charts. This distinction in features is reflected in their watchlist functionalities, with FP Markets offering seven fields for customization compared to Trade Nation's more generous 14. Despite these differences, both platforms are highly rated with four stars each for trading platforms and tools. However, FP Markets is acknowledged at #23 in ForexBrokers.com's rankings among 62 brokers for its platforms and tools capabilities, ahead of Trade Nation, which ranks at #45.
| Feature |
FP Markets
|
Trade Nation
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 99 |
| Charting - Drawing Tools (Total) | 17 | 39 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 7 | 14 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both FP Markets and Trade Nation offer comprehensive solutions for iPhone and Android users, complete with stock and forex price alerts. FP Markets and Trade Nation ensure traders can craft watchlists with real-time quotes effortlessly, and both apps support drawing trendlines on charts and viewing charts across various time frames. However, FP Markets leverages the MetaTrader platform for technical studies, while Trade Nation boasts 99 technical studies, offering more depth for analysis. While both apps ensure drawing auto-saves, Trade Nation stands out by syncing watchlist symbols between the mobile app and the online account, a feature FP Markets lacks.
Both platforms achieve a commendable 4-star rating for their mobile trading apps. Despite this tie, FP Markets edges ahead in rankings, coming in at 18th out of 62 brokers as per ForexBrokers.com, while Trade Nation lands at 45th. This suggests that while offering similar ratings, FP Markets may slightly better suit those who prioritize a broader app-based trading experience, leaving users of Trade Nation to enjoy a more synchronized but somewhat traditional trading approach.
| Feature |
FP Markets
|
Trade Nation
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 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 comparing the market research offerings of FP Markets and Trade Nation, FP Markets stands out with a broader range of tools and resources. FP Markets provides daily market commentary, which is not available with Trade Nation. Both brokers offer forex news from leading sources like Bloomberg and Reuters, but FP Markets further enhances its research suite with tools from Autochartist and Trading Central, which Trade Nation lacks. Furthermore, FP Markets includes a sentiment-based trading tool and offers an economic calendar to keep traders informed about global news events, whereas Trade Nation does not provide an economic calendar.
While both FP Markets and Trade Nation deliver some essential research tools, FP Markets holds a competitive edge with its more comprehensive offerings. This advantage is reflected in their research ratings, with FP Markets earning 4 out of 5 stars and ranking 25th out of 62 brokers according to ForexBrokers.com. Trade Nation, by contrast, is rated 3.5 stars and ranks 42nd in the same research category. Despite Trade Nation's inclusion of Acuity Trading’s Signal Centre, FP Markets offers a more extensive toolkit for market analysis, providing significant value for traders seeking in-depth research capabilities.
| Feature |
FP Markets
|
Trade Nation
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | 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, FP Markets offers a comprehensive collection tailored for traders stepping into the world of forex and CFDs. With a minimum of 10 educational pieces including articles, videos, and archived webinars, FP Markets ensures that novices can access a wide range of learning materials. Additionally, beginners benefit from regular monthly live webinars, further supported by a searchable archive of past sessions. FP Markets also caters to more advanced traders by providing at least 10 in-depth educational videos. For those needing to demystify trading jargon, FP Markets offers an investor dictionary with over 50 definitions, aiding newcomers in better understanding the trading landscape. These offerings contribute to FP Markets receiving a solid education rating of 4 out of 5 stars, ranking #23 out of 62 brokers according to ForexBrokers.com.
Trade Nation, meanwhile, presents a fair selection of learning resources for new traders, albeit with some limitations compared to FP Markets. Prospective clients have access to a similar suite of over 10 educational pieces and beneficial beginner trading videos. However, the absence of monthly live webinars and a searchable archive of past sessions might leave some seeking more interactivity and convenience. While Trade Nation may not feature advanced educational content or a dedicated investor dictionary, its educational setup remains respectable, earning a 3.5-star rating in education. Overall, Trade Nation holds the #42 position in ForexBrokers.com's education category ranking, offering a friendly start for those beginning their trading journey.
| Feature |
FP Markets
|
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 FP Markets is better than Trade Nation. FP Markets finished with an overall rank of #19, while Trade Nation finished with an overall rank of #34.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
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Trade Nation
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 85 |
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Neither FP Markets nor Trade Nation offers the option to purchase actual (delivered) cryptocurrency, but both provide the opportunity to trade cryptocurrency derivatives.
When comparing online brokers FP Markets and Trade Nation, neither offers ACH or SEPA transfers for fund transactions, but FP Markets supports PayPal while Trade Nation does not; both brokers accept Skrill, Visa, Mastercard, and bank wires for deposits and withdrawals.
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 | FP Markets | Trade Nation | |
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| Trust Score | 89 | 85 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Trade Nation Review |
| Broker Screenshots | FP Markets | Trade Nation | |
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| Regulation | FP Markets | Trade Nation | |
|---|---|---|---|
| Trust Score | 89 | 85 | |
| Year Founded | 2005 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | Trade Nation | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| 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) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FP Markets | Trade Nation | |
|---|---|---|---|
| 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 | FP Markets | Trade Nation | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 1000 | |
| Forex Pairs (Total) | 71 | 46 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | 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 | FP Markets | Trade Nation | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 0.6 | |
| All-in Cost EUR/USD - Active | 0.7 | 0.6 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | Trade Nation | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $0 | |
| PayPal (Deposit/Withdraw) | Yes | 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 | FP Markets | Trade Nation | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | Trade Nation | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 14 | |
| Charting - Indicators / Studies (Total) | 30 | 99 | |
| Charting - Drawing Tools (Total) | 17 | 39 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | No |
| Mobile Trading | FP Markets | Trade Nation | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 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 | FP Markets | Trade Nation | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | No |
| Education | FP Markets | 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 | FP Markets | 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 | FP Markets Review | Trade Nation Review |
| Overall | FP Markets | Trade Nation | |
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| Trust Score | 89 | 85 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Trade Nation Review |
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