Written by ForexBrokers.com
In this head to head comparison of Trade Nation vs iFOREX, 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.
When comparing online brokers, Trade Nation and iFOREX each bring unique advantages based on their reliability and market experience. Trade Nation, launched in 2014, holds two Tier-1 licenses and one Tier-2 license, reflecting a solid level of trust based on ForexBrokers.com's ratings. With a Trust Score of 85 out of 99, Trade Nation is considered a trusted platform for traders. iFOREX, established in 1996, holds one Tier-1 license and no Tier-2 licenses, giving it a Trust Score of 75. This score places iFOREX in the average risk category according to ForexBrokers.com.
Neither broker is publicly traded nor functions as a bank, which maintains a focus solely on trading services without the additional complexities of other financial institutions. While Trade Nation boasts a stronger regulatory foundation with additional Tier-1 and Tier-2 licenses, iFOREX offers extensive experience given its longer presence in the market. Consequently, both serve their clients' needs effectively, but Trade Nation may appeal to those who prioritize regulatory credentials, while iFOREX might attract those valuing long-term industry presence.
| Feature |
Trade Nation
|
iFOREX
|
|---|---|---|
| Year Founded | 2014 | 1996 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing the commissions and fees of Trade Nation and iFOREX, Trade Nation stands out with its competitive fixed-spread pricing. Whether using their proprietary TN Trader platform or the MetaTrader platform, Trade Nation keeps its spread consistent, which helps traders easily predict costs. The fixed spread for popular pairs like EUR/USD starts at 0.6 pips, though it can briefly widen to 1.4 pips during daily rollover periods. For more flexibility, Trade Nation offers multiple account types, including a Raw Spread account that charges a commission of $7 per round-trip on standard lots, alongside a commission-free option with higher spreads. This structured approach to pricing earns Trade Nation a strong reputation in the industry.
In contrast, iFOREX lacks detailed information on average spread data, which can make it challenging for traders to evaluate and compare potential costs accurately. The absence of transparent data on its pricing structure places iFOREX at a disadvantage when compared against brokers like Trade Nation that offer both fixed and variable pricing options. Consequently, iFOREX may not appear as appealing to cost-conscious traders or those who prefer a clear and upfront understanding of fees and commissions.
Overall, Trade Nation receives an impressive rating of 5 stars out of 5 for its commissions and fees, highlighting its customer-friendly pricing model. In the rankings by ForexBrokers.com, Trade Nation is placed 7th out of 62 brokers for this category, showcasing its industry-leading position. On the other hand, iFOREX receives a 3-star rating and is placed much lower at 60th, reflecting its less competitive stance in terms of fees and commission transparency.
| Feature |
Trade Nation
|
iFOREX
|
|---|---|---|
| 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 | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| 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 Trade Nation and iFOREX, both platforms allow forex trading as CFDs, but they offer different ranges of forex pairs and symbols. Trade Nation provides access to 1,000 tradeable symbols and 46 forex pairs, whereas iFOREX offers 750 tradeable symbols but a larger selection of 88 forex pairs. Neither broker offers exchange-traded securities on U.S. or international exchanges, so traditional stock investments like Apple or Vodafone shares are not available. Both Trade Nation and iFOREX enable clients to engage in cryptocurrency trading via derivatives, but not the actual cryptocurrencies themselves.
For those interested in social trading, Trade Nation supports copy trading, giving investors the opportunity to mimic the trades of successful traders—a feature not available with iFOREX. Despite these differences, both brokers receive a 3.5-star rating for their range of investments. Moreover, Trade Nation is ranked 38th among 62 brokers on ForexBrokers.com, slightly ahead of iFOREX, which is ranked 41st in the same category. This comparison shows that while both brokers have strengths and limitations, they cater to diverse trading preferences and styles.
| Feature |
Trade Nation
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 750 |
| Forex Pairs (Total) | 46 | 88 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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 Trade Nation and iFOREX, both online brokers offer unique trading platforms and tools that cater to different user preferences. Trade Nation stands out with its offering of a free virtual demo account, allowing traders to practice risk-free. Both brokers provide proprietary platforms developed in-house, but Trade Nation goes further by offering MetaTrader 4 (MT4), a Windows-based desktop download platform, and a web-based trading platform, whereas iFOREX lacks the MT4 option and the desktop download feature but maintains a web-based platform offering. Additionally, Trade Nation supports copy trading, which can be a significant advantage for traders interested in mirroring strategies, a feature absent from iFOREX.
Charting tools also differ between the two brokers, with Trade Nation providing 39 drawing tools compared to iFOREX's 25. Despite offering the ability to trade directly from a stock chart, iFOREX falls short in watch list customization, offering 9 columns to Trade Nation's 14. Although both brokers receive a four-star rating for trading platforms and tools, Trade Nation is ranked higher at #45 compared to iFOREX's #54 by ForexBrokers.com. This suggests that while both brokers are viable options, Trade Nation might appeal more to traders seeking comprehensive platform options and advanced toolsets.
| Feature |
Trade Nation
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 99 | 57 |
| Charting - Drawing Tools (Total) | 39 | 25 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 14 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Trade Nation and iFOREX offer applications for iPhone and Android devices. However, there are notable differences between the two. Trade Nation provides a range of features that could be appealing to active traders. These include stock or forex price alerts, the ability to sync watchlists between the mobile app and online account, and comprehensive charting tools with 99 technical studies. Additionally, users can draw trendlines, view multiple time frames, and have their chart drawings saved automatically. Meanwhile, iFOREX lacks several of these trading aids, such as price alerts, charting tools, and the ability to sync watchlists, which may limit its appeal for more advanced traders.
In terms of user experience and ratings, both platforms receive a solid 4-star rating for their mobile trading apps. However, Trade Nation ranks higher than iFOREX, coming in at 45th out of 62 brokers according to ForexBrokers.com, compared to iFOREX's rank of 55th. This ranking reflects Trade Nation's focus on providing a more feature-rich and seamless trading experience for its mobile users. As traders consider their options, these differences highlight Trade Nation as a potentially better choice for those seeking enhanced functionality and integration across devices.
| Feature |
Trade Nation
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 99 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing Trade Nation to iFOREX for market research offerings, both platforms have their unique strengths and limitations. iFOREX provides traders with daily market commentary, which can be beneficial for keeping up with the latest market trends. However, it lacks forex news from top-tier sources such as Bloomberg or Reuters, which Trade Nation offers. While neither broker provides Autochartist tools, iFOREX does incorporate Trading Central tools, enhancing its technical analysis capabilities. Both platforms offer sentiment-based trading tools, allowing traders to gauge market sentiment effectively.
Despite their differences in research offerings, Trade Nation and iFOREX both obtain a 3.5-star research rating. Trade Nation stands out by offering research tools from Acuity Trading, while iFOREX has the advantage with an economic calendar for keeping track of global news events. According to ForexBrokers.com, Trade Nation is ranked #42 out of 62 brokers for research, whereas iFOREX is ranked at #48, reflecting the varied priority each has towards market research services.
| Feature |
Trade Nation
|
iFOREX
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | No | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner traders seeking educational resources, both Trade Nation and iFOREX offer a range of materials, but with some differences that might sway your choice. Trade Nation provides more than 10 educational pieces focused on forex or CFDs, including articles, videos, and webinars, aimed at helping newcomers understand these trading instruments. iFOREX, on the other hand, does not offer this level of dedicated content on forex or CFDs, which might limit your learning experience if you're specifically looking to build your knowledge in these areas.
Both platforms cater to beginners with at least 10 beginner-focused educational videos available, providing a solid starting point for those new to trading. However, neither Trade Nation nor iFOREX host regular online educational webinars or maintain archives of recorded sessions for learners to revisit. They also lack comprehensive advanced educational videos and an extensive investor dictionary to further enhance learning. Despite these limitations, Trade Nation holds a slightly better educational ranking compared to iFOREX, placing 42nd out of 62, versus iFOREX's 53rd position. Both are rated 3.5 out of five stars for their educational offerings, indicating a similar level of quality in this aspect.
| Feature |
Trade Nation
|
iFOREX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | No |
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 iFOREX. Trade Nation finished with an overall rank of #34, while iFOREX finished with an overall rank of #52.
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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iFOREX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 75 |
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Both Trade Nation and iFOREX do not offer the option to buy actual, delivered cryptocurrency, but they both provide the opportunity to invest in cryptocurrency derivatives.
While both Trade Nation and iFOREX provide multiple deposit and withdrawal options including Skrill, Visa, Mastercard, and bank wires, only iFOREX offers PayPal as a method, whereas neither offers ACH or SEPA 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 | Trade Nation | iFOREX | |
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| Trust Score | 85 | 75 | |
| Winner | check_circle | ||
| Review | Trade Nation Review |
| Broker Screenshots | Trade Nation | iFOREX | |
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| Regulation | Trade Nation | iFOREX | |
|---|---|---|---|
| Trust Score | 85 | 75 | |
| Year Founded | 2014 | 1996 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | Trade Nation | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 750 | |
| Forex Pairs (Total) | 46 | 88 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Trade Nation | iFOREX | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Trade Nation | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| 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 | iFOREX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Trade Nation | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 14 | 9 | |
| Charting - Indicators / Studies (Total) | 99 | 57 | |
| Charting - Drawing Tools (Total) | 39 | 25 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | No | No |
| Mobile Trading | Trade Nation | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 99 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | No | No |
| Research | Trade Nation | iFOREX | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | No | Yes |
| Education | Trade Nation | iFOREX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | Trade Nation | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
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| Trust Score | 85 | 75 | |
| Winner | check_circle | ||
| Review | Trade Nation Review |
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