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 to iFOREX, both platforms excel in their own ways, but they cater to different trading preferences. Trade Nation shines with its provision of a free virtual demo account for those looking to practice before diving into the real market. It offers a proprietary platform, along with a Windows-based desktop download and a web-based platform, giving traders versatile access. Additionally, Trade Nation supports copy trading and the popular MetaTrader 4 (MT4) platform, although it lacks MetaTrader 5 (MT5) and certain advanced trading capabilities like trading directly from charts.
On the other hand, iFOREX provides a proprietary web-based platform that allows for direct trading from stock charts, a feature not available with Trade Nation. Despite not offering a demo account, iFOREX includes a solid selection of 25 drawing tools for charting and a more simplified 9-field watch list. While both brokers receive a four-star rating for their trading platforms and tools, Trade Nation holds a higher ForexBrokers.com ranking at #44 compared to iFOREX's #54, reflecting subtle differences in user preferences and platform versatility.
| 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) | 115 | 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.
Both Trade Nation and iFOREX provide daily market commentary, making them reliable options for traders looking for regular updates. However, when it comes to forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, Trade Nation has the edge over iFOREX, as iFOREX does not include these premium sources in its offerings. In terms of analysis tools, iFOREX utilizes resources from Trading Central, whereas Trade Nation does not. If you're interested in sentiment-based trading tools that show long or short positions across currency pairs, both brokers have you covered.
When comparing additional research tools, Trade Nation offers resources from Acuity Trading such as Signal Centre, a feature iFOREX lacks. Conversely, iFOREX includes an economic calendar to track global news events, which Trade Nation does not offer. Both platforms have an equal research rating of 3.5 stars, but Trade Nation ranks higher at #42 compared to iFOREX's #48 out of 62 brokers on ForexBrokers.com. This highlights a slight preference for Trade Nation in terms of overall research offerings, even as both brokers provide some key tools to support informed trading decisions.
| Feature |
Trade Nation
|
iFOREX
|
|---|---|---|
| Daily Market Commentary | Yes | 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.
When comparing Trade Nation and iFOREX for the educational resources they offer beginners, there are distinct differences. Trade Nation provides a solid educational foundation with more than 10 educational pieces focused on forex and CFDs, as well as a library of beginner-friendly videos covering essential trading topics. Additionally, Trade Nation equips its users with an investor dictionary that defines over 50 investing terms. However, it falls short by not offering monthly webinars or an archive of past sessions. iFOREX, on the other hand, does not deliver the same breadth of educational resources on forex and CFDs but does offer a collection of beginner videos. Despite lacking an investor dictionary or webinars, both platforms cater to novice traders with quality beginner content.
When evaluated for overall educational offerings, Trade Nation and iFOREX both receive a rating of 3.5 stars out of five. Yet, they differ in their rankings across 62 brokers in the educational category by ForexBrokers.com—Trade Nation is positioned at #41 while iFOREX stands at #53. Trade Nation's resources appear more comprehensive, particularly for users seeking both beginner and advanced trading videos. Both platforms offer valuable resources for novices, but Trade Nation extends its appeal to more advanced traders as well.
| 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 | 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 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) | 115 | 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 | Yes | 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 | Yes | No | |
| Investor Dictionary (Glossary) | Yes | 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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