Written by ForexBrokers.com
In this head to head comparison of Trade Nation vs FXOpen, 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 FXOpen are both online brokerage firms with a focus on providing trading services, but they differ in their founding years and regulatory standings. Established in 2014, Trade Nation holds two Tier-1 licenses and one Tier-2 license, reflecting a commitment to maintaining regulatory oversight. With a Trust Score of 85 from ForexBrokers.com, Trade Nation falls into the "trusted" category. However, it is neither publicly traded nor operates as a bank.
In contrast, FXOpen was founded in 2003 and also holds two Tier-1 licenses. Despite its longer presence in the industry, FXOpen has a Trust Score of 76, placing it at "average risk" according to ForexBrokers.com. Like Trade Nation, FXOpen is not publicly traded and does not function as a bank. Both firms showcase their dedication to regulation by maintaining Tier-1 licenses, providing traders with a sense of security on a global scale.
| Feature |
Trade Nation
|
FXOpen
|
|---|---|---|
| Year Founded | 2014 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
When it comes to commissions and fees, Trade Nation stands out with its competitive fixed-spread pricing offered through its proprietary platform, alongside variable-spread options on its MetaTrader platform. Unlike many brokers who favor variable pricing, Trade Nation offers fixed spreads for all tradeable symbols. For instance, the fixed spread for the EUR/USD pair is 0.6 pips, though spreads may widen to 1.4 pips during the daily rollover period, resulting in a true average closer to 1 pip. With three account types, Trade Nation presents a variety of options: a commission-based Raw Spread account ($3.50 per side), a commission-free MetaTrader account, and a proprietary TN Trader account, which often features lower all-in cost spreads. Receiving an impressive 5-star rating for commissions and fees, Trade Nation ranks 7th out of 62 brokers according to ForexBrokers.com.
In contrast, FXOpen doesn’t provide comprehensive average spread data, limiting a direct comparison on specific spread costs. Despite this, FXOpen still maintains respectable standing with competitive pricing relative to other brokers. It boasts a 4-star rating for its commission and fee structures, even if detailed spread information remains elusive. Nevertheless, FXOpen ranks 45th out of 62 brokers in the Commissions and Fees category on ForexBrokers.com, reflecting its trustworthiness in trading circles.
| Feature |
Trade Nation
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| 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 | Yes |
| 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.
When comparing the range of investments offered by Trade Nation and FXOpen, distinct differences emerge that can impact a trader's decision. Trade Nation presents a more extensive selection, featuring up to 1,000 tradeable symbols, including 46 forex pairs. This gives traders a broader variety of options in the world of currency trading. On the other hand, FXOpen offers 87 tradeable symbols, including 25 forex pairs. Both platforms offer forex trading as CFDs or spot contracts and enable users to engage in copy trading and cryptocurrency derivatives. However, neither broker provides access to exchange-traded securities on U.S. or international markets.
In terms of their appeal to diverse investment preferences, Trade Nation slightly outshines FXOpen. Trade Nation is rated at 3.5 stars for its range of investments, securing the 38th position out of 62 brokers on ForexBrokers.com. In contrast, FXOpen holds a 3-star rating and ranks 61st. While both brokers cater to traders interested in forex and cryptocurrency derivatives, Trade Nation's wider selection may entice those seeking greater variety in their trading strategies.
| Feature |
Trade Nation
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 87 |
| Forex Pairs (Total) | 46 | 25 |
| 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools of Trade Nation and FXOpen, both brokers offer a virtual demo account for simulated trading, helping users practice without risking real money. Trade Nation stands out with its proprietary platform, developed in-house, while FXOpen sticks with popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both brokers provide Windows-based desktop platforms and web-based trading options, with each supporting MT4. However, FXOpen goes a step further by also supporting MT5 and ZuluTrade, offering more variety in trading platforms and functionalities.
In terms of charting tools, Trade Nation offers more drawing tools, with a total of 39 compared to FXOpen's 15. When it comes to watch lists, Trade Nation again surpasses FXOpen by offering more customization options, with 14 columns for fields compared to FXOpen's 7. Despite not having the ability to trade directly from stock charts like FXOpen does, Trade Nation and FXOpen both receive a 4-star rating for their trading platforms and tools. Interestingly, Trade Nation is ranked higher by ForexBrokers.com, positioned at #45 out of 62 brokers, whereas FXOpen ranks at #53 in the Trading Platforms and Tools category.
| Feature |
Trade Nation
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 99 | 30 |
| Charting - Drawing Tools (Total) | 39 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 14 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Trade Nation and FXOpen offer solid options for traders using either iPhone or Android devices. Each platform provides stock and forex price alerts and allows users to draw trendlines and view multiple time frames on charts. However, Trade Nation stands out with a more synchronized experience, offering watchlist symbol syncing between the mobile app and the client's online account, a feature FXOpen lacks. With an impressive 99 technical studies available for charting compared to FXOpen's 30, Trade Nation provides more tools for traders who rely on in-depth technical analysis. Additionally, Trade Nation's app automatically saves chart drawings, adding convenience that FXOpen does not offer.
Both apps let users create watchlists with real-time quotes, and interestingly, they share the same rating of four out of five stars for their mobile trading apps. Despite this shared rating, Trade Nation holds a small edge in the rankings by ForexBrokers.com, landing at 45th place out of 62 brokers, while FXOpen is ranked 54th. Ultimately, while both Trade Nation and FXOpen provide reliable mobile trading platforms, Trade Nation's advanced features and enhanced synchronization might appeal more to traders looking for a comprehensive trading experience.
| Feature |
Trade Nation
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 99 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Trade Nation and FXOpen in terms of market research offerings, several key differences and similarities emerge. Trade Nation stands out by providing forex news from top-tier sources like Bloomberg and Reuters, ensuring traders have access to credible information. This brokerage also features a sentiment-based trading tool, helping traders gauge market sentiment by showcasing the ratio of long or short positions across various instruments. Furthermore, Trade Nation offers research tools from Acuity Trading, including Signal Centre, which can assist traders in making informed decisions. However, Trade Nation does not offer daily market commentary or an economic calendar, which may limit some traders’ research capabilities.
On the other hand, FXOpen does provide daily market commentary and an economic calendar, allowing traders to keep track of current and upcoming global events that may influence market movements. Like Trade Nation, FXOpen provides forex news from leading sources but lacks additional research tools from companies like Autochartist and Trading Central, as well as sentiment analysis tools. In terms of market research, Trade Nation is slightly higher rated with a 3.5-star rating from ForexBrokers.com and is ranked #42 out of 62 brokers, whereas FXOpen has a 3-star rating and is positioned at #62, indicating Trade Nation generally offers a more comprehensive research experience.
| Feature |
Trade Nation
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | No | 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.
Trade Nation and FXOpen both offer educational resources for those interested in diving into the world of forex and CFDs, but there are notable differences between them. Trade Nation leads with a wealth of over 10 educational pieces, such as articles and videos, focused on forex and CFDs, making it an accessible choice for beginners. They also offer an array of beginner-friendly educational videos designed to help novices understand trading concepts. However, they fall short when it comes to running online webinars or providing advanced video content tailored for seasoned traders. On the other hand, FXOpen has fewer educational materials to explore for beginners and lacks video content specifically aimed at newbies and experienced traders alike. Despite this, they do provide an investor dictionary which includes definitions of over 50 investing terms, a useful tool for bridging knowledge gaps, even though they don't deliver on seasoned trader resources or frequent educational webinars.
When rated for educational content, Trade Nation scores 3.5 out of 5 stars, ranking 42nd out of 62 brokers, indicating a stronger educational offering than FXOpen. FXOpen, meanwhile, earns a slightly lower educational rating of 3 out of 5 stars and is ranked 58th. This suggests that Trade Nation might be the better option for beginners seeking a more comprehensive educational experience, while FXOpen could suit those who specifically value access to a detailed investor dictionary. Both platforms, however, could enhance their educational offerings by incorporating regular webinars and more advanced educational content.
| Feature |
Trade Nation
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Trade Nation is better than FXOpen. Trade Nation finished with an overall rank of #34, while FXOpen finished with an overall rank of #54.
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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FXOpen
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|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 76 |
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Both Trade Nation and FXOpen do not allow the purchase of actual cryptocurrency, but they each offer options to trade cryptocurrency derivatives.
Both Trade Nation and FXOpen provide numerous options for depositing and withdrawing funds, including Skrill, Visa, Mastercard, and bank wires, but neither platform supports ACH, SEPA, or PayPal transactions.
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 | FXOpen | |
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| Trust Score | 85 | 76 | |
| Winner | check_circle | ||
| Review | Trade Nation Review |
| Broker Screenshots | Trade Nation | FXOpen | |
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| Regulation | Trade Nation | FXOpen | |
|---|---|---|---|
| Trust Score | 85 | 76 | |
| 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 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | Trade Nation | FXOpen | |
|---|---|---|---|
| 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 | Yes | |
| 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 | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Trade Nation | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 87 | |
| Forex Pairs (Total) | 46 | 25 | |
| 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). |
| Cost | Trade Nation | FXOpen | |
|---|---|---|---|
| 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 | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Trade Nation | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| 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 | FXOpen | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Trade Nation | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 14 | 7 | |
| Charting - Indicators / Studies (Total) | 99 | 30 | |
| Charting - Drawing Tools (Total) | 39 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | Trade Nation | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 99 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | No | Yes |
| Research | Trade Nation | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | No | 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 | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Trade Nation | FXOpen | |
|---|---|---|---|
| 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 |
| Overall | Trade Nation | FXOpen | |
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| Trust Score | 85 | 76 | |
| Winner | check_circle | ||
| Review | Trade Nation Review |
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