Written by ForexBrokers.com
In this head to head comparison of FxPro 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.
FxPro, founded in 2006, and Trade Nation, established in 2014, are two well-regarded online brokers. Both are not publicly traded companies nor banks, which may influence their business operations and client perceptions. However, they share a strong focus on regulation and security, each holding two Tier-1 licenses, indicating a high level of trust according to ForexBrokers.com standards.
In terms of overall trustworthiness as rated by ForexBrokers.com, FxPro boasts a score of 90, placing it in the highly trusted category. On the other hand, Trade Nation holds a trust score of 85, ranking it as a trusted broker. Both brokers also maintain one Tier-2 license, further emphasizing their commitment to trusted regulatory practices. This makes them reliable choices for traders prioritizing secure trading environments.
| Feature |
FxPro
|
Trade Nation
|
|---|---|---|
| Year Founded | 2006 | 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 | 2 | 2 |
FxPro’s commission and fee structure stands out for the availability of both fixed and variable spreads. However, its pricing is generally above the industry average, making it less competitive compared to brokers like Pepperstone or IC Markets. With a star rating of 4 out of 5, FxPro ranks 32nd among 62 brokers according to ForexBrokers.com. FxPro offers its most competitive pricing via the cTrader platform, where EUR/USD trading involves an effective spread of approximately 1.27 pips, which comprises an average spread of 0.37 pips plus a 0.9 pip commission-equivalent. The floating-rate model on MT4 and MT5 features spreads of 1.58 pips on market execution, and 1.71 pips on instant execution.
In contrast, Trade Nation offers more competitive commission and fee structures with a 5-star rating and an impressive rank of 7th out of 62 brokers on ForexBrokers.com. Trade Nation provides fixed-spread pricing across all its platforms, which simplifies predicting trading costs for users. For the EUR/USD pair, Trade Nation lists a fixed spread of 0.6 pips, although spreads can widen to about 1.4 pips during daily rollover periods. Despite this brief fluctuations, Trade Nation’s pricing tends to average closer to 1 pip.
Trade Nation differentiates itself with three primary account types, focusing on commission-free and commission-based options. The MetaTrader-based accounts include a Raw Spread account with a $3.50 per-side commission per standard lot and a commission-free option. Alternatively, its proprietary TN Trader web platform offers the lowest spreads among the available account types, effectively positioning Trade Nation as a highly competitive option for traders focusing on spread costs.
| Feature |
FxPro
|
Trade Nation
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 1.51 | 0.6 |
| All-in Cost EUR/USD - Active | 1.27 | 0.6 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | 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.
When it comes to the variety of investments available, both FxPro and Trade Nation offer a comprehensive range of options for traders. FxPro provides a significant edge with 2,249 tradeable symbols, including 70 forex pairs. Trade Nation, although offering fewer tradeable items, still provides a solid choice with 1,000 symbols and 46 forex pairs. Both brokers offer forex trading as CFDs, but neither allows the purchase of physical cryptocurrency or individual securities on U.S. exchanges like Apple shares. However, FxPro allows access to international exchange-traded securities, unlike Trade Nation, giving it a notable advantage for those looking to invest globally.
In addition to these offerings, both FxPro and Trade Nation enable traders to participate in copy trading, adding another layer to their service for clients seeking to follow successful trading strategies. Regarding cryptocurrency derivatives, both brokers offer this option, broadening the scope of speculative investment opportunities. Based on evaluations for the range of investments, FxPro achieves a higher rating of 4 stars, ranking 28th out of 62 brokers in ForexBrokers.com's list. Trade Nation is close behind with a 3.5-star rating, holding the 38th position in the same category.
| Feature |
FxPro
|
Trade Nation
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 1000 |
| Forex Pairs (Total) | 70 | 46 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | 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 FxPro and Trade Nation, both offer comprehensive options to suit various trading needs, including free virtual demo accounts for simulated trading. Each broker provides a proprietary platform along with a Windows-based desktop download and a web-based platform. While both brokers include the popular MetaTrader 4, only FxPro offers MetaTrader 5, which may provide an edge for traders seeking advanced features. Both platforms support copy trading, although neither offers DupliTrade or ZuluTrade. Charting capabilities differ slightly; FxPro allows traders to engage directly from a stock chart, and though it offers 25 drawing tools, Trade Nation surpasses it with 39, providing more options for detailed analysis.
For watch list customization, Trade Nation leads with 14 fields compared to FxPro's 6, allowing for broader market monitoring. Despite these differences in features, both brokers have earned a 4-star rating for their trading platforms and tools. However, according to ForexBrokers.com, FxPro is ranked higher at #19 when compared to Trade Nation's #45 out of 62 brokers. This suggests that despite similar ratings, FxPro might offer a slightly better overall experience in this category according to industry rankings.
| Feature |
FxPro
|
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) | 53 | 99 |
| Charting - Drawing Tools (Total) | 25 | 39 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 6 | 14 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FxPro and Trade Nation offer mobile trading apps for iPhone and Android users, making them accessible for traders on the go. Each app provides crucial services such as stock and forex price alerts, watchlist symbol syncing with online accounts, and the capability to draw trendlines on charts. Users can view multiple time frames, whether daily, weekly, or intraday, enhancing their trading strategies. Both apps support creating watchlists with real-time quotes and ensure that any chart drawings are auto-saved for convenience.
When diving deeper into charting features, Trade Nation stands out with 99 technical studies compared to FxPro’s 65, potentially offering more in-depth analysis tools. Despite this, FxPro shines in user ratings, earning 4.5 out of 5 stars for its mobile trading experience, while Trade Nation scores 4 stars. Furthermore, based on evaluations from ForexBrokers.com, FxPro is ranked #15 among 62 brokers, a significant lead over Trade Nation's #45 ranking. FxPro's higher rating and ranking could indicate a superior user experience, appealing to traders seeking highly-rated mobile trading apps.
| Feature |
FxPro
|
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 | 65 | 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 online brokers FxPro and Trade Nation, several key differences emerge that could influence traders' decisions. FxPro provides daily market commentary, which is unavailable at Trade Nation. Both brokers deliver forex news from top-tier sources such as Bloomberg and Reuters, making them valuable for news-driven traders. However, FxPro stands out by offering technical analysis from Trading Central, a feature not available with Trade Nation. This can be advantageous for traders relying on in-depth analytical insights. Additionally, FxPro supports a sentiment-based trading tool, allowing traders to gauge market positions across various instruments, a feature also matched by Trade Nation.
For those interested in timing their trades around global news, FxPro offers an economic calendar highlighting current and upcoming economic events, unlike Trade Nation. Despite both brokers lacking market research from TipRanks and Acuity Trading's Signal Centre integration being unique to Trade Nation, FxPro achieves a slightly higher research rating of 4 stars compared to Trade Nation’s 3.5 stars. On ForexBrokers.com, FxPro ranks #27 out of 62 brokers for research, surpassing Trade Nation, which sits at #42, showcasing FxPro’s relatively superior research capabilities.
| Feature |
FxPro
|
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 comparing the educational resources offered by FxPro and Trade Nation, both online brokers provide at least 10 educational materials on forex and CFDs, including articles, videos, and archived webinars. For beginners, each offers a selection of at least 10 videos that cover foundational trading topics. While neither broker hosts regular online educational webinars, FxPro takes a step further by offering a searchable archive of recorded webinars, a feature unavailable with Trade Nation.
For traders seeking additional learning tools, FxPro offers an investor dictionary with more than 50 investing term definitions, which Trade Nation lacks. These different offerings contribute to FxPro's higher education rating of 4 stars out of 5 compared to Trade Nation's 3.5 stars. In terms of overall ranking by ForexBrokers.com, FxPro is positioned at #17 out of 62 brokers for educational content, while Trade Nation stands at #42. This makes FxPro a more attractive choice for those prioritizing a comprehensive educational foundation in trading.
| Feature |
FxPro
|
Trade Nation
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | 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 FxPro is better than Trade Nation. FxPro finished with an overall rank of #21, while Trade Nation finished with an overall rank of #34.
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
| Feature |
FxPro
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Trade Nation
|
|---|---|---|
| Overall Rating |
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| Trust Score | 90 | 85 |
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Both FxPro and Trade Nation do not provide the option to purchase actual delivered cryptocurrencies, but they do offer the ability to trade cryptocurrency derivatives.
In comparing online brokers, FxPro outshines Trade Nation by offering a wider range of deposit and withdrawal options, including ACH, SEPA transfers, and PayPal, while both provide support for Skrill, Visa/Mastercard, and bank wire transfers.
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 | FxPro | Trade Nation | |
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| Trust Score | 90 | 85 | |
| Winner | check_circle | ||
| Review | FxPro Review | Trade Nation Review |
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| Regulation | FxPro | Trade Nation | |
|---|---|---|---|
| Trust Score | 90 | 85 | |
| Year Founded | 2006 | 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 | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | FxPro | Trade Nation | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | Yes | 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) | FxPro | 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 | FxPro | Trade Nation | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 1000 | |
| Forex Pairs (Total) | 70 | 46 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | FxPro | Trade Nation | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.51 | 0.6 | |
| All-in Cost EUR/USD - Active | 1.27 | 0.6 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FxPro | Trade Nation | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | Yes | No |
| Trading Platforms | FxPro | 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 | FxPro | Trade Nation | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 14 | |
| Charting - Indicators / Studies (Total) | 53 | 99 | |
| Charting - Drawing Tools (Total) | 25 | 39 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | No |
| Mobile Trading | FxPro | 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 | 65 | 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 | FxPro | 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 | FxPro | Trade Nation | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FxPro | 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 | FxPro Review | Trade Nation Review |
| Overall | FxPro | Trade Nation | |
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| Trust Score | 90 | 85 | |
| Winner | check_circle | ||
| Review | FxPro Review | Trade Nation Review |
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