Written by ForexBrokers.com
In this head to head comparison of Trade Nation vs Spreadex, 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 such as Trade Nation and Spreadex, it's important to consider their trustworthiness and regulatory credentials. Trade Nation, founded in 2014, holds two Tier-1 licenses and one Tier-2 license. These credentials contribute to its respectable Trust Score rating of 85 out of 99 on ForexBrokers.com, positioning it in the "trusted" category. Spreadex, operating since 1999, has one Tier-1 license and no Tier-2 licenses, resulting in an "average risk" rating with a Trust Score of 71. Neither company is publicly traded or operates as a bank, maintaining a focus on their core services as online brokers.
| Feature |
Trade Nation
|
Spreadex
|
|---|---|---|
| Year Founded | 2014 | 1999 |
| 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 | 0 |
Trade Nation stands out for its competitive fixed-spread pricing, available across all tradeable symbols on its proprietary platform, as well as variable-spread options on its MetaTrader platform. Unlike most brokers, Trade Nation maintains a fixed spread distance, providing an average price without additional calculations, except during a daily rollover period when spreads may widen temporarily. For the widely traded EUR/USD pair, Trade Nation consistently lists a fixed spread of 0.6 pips, which can briefly increase during rollover to up to 1.4 pips, bringing the true average closer to about 1 pip. The platform offers three primary account types, with its TN Trader account showing the lowest spreads when considering all-inclusive costs. This straightforward pricing approach earns Trade Nation a 5 out of 5-star rating for commissions and fees, ranking it #7 out of 62 brokers in this category.
Spreadex, another notable online broker, offered average spreads of 0.81 pips for the EUR/USD pair during January 2024, with the minimum spread of 0.6 pips achieved 60% of the time throughout the month. Representing a more traditional variable-spread model, Spreadex’s approach presents a slightly higher cost when compared directly to Trade Nation’s fixed-spread offering. Due to this pricing structure, Spreadex receives a commendable 4 out of 5-star rating for commissions and fees, yet it ranks at #30 out of 62 brokers, according to ForexBrokers.com.
In comparing Trade Nation and Spreadex, it's evident that Trade Nation's fixed-spread model provides a distinct advantage, especially for traders looking for predictable pricing without much variability. With Trade Nation's fixed spreads and diverse account types, it offers traders an edge in controlling their trading costs. Meanwhile, Spreadex’s variable spreads offer a competitive yet less predictable range. Both brokers cater to different trading preferences, but Trade Nation holds a significant edge in providing cost-effective trading solutions.
| Feature |
Trade Nation
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 0.6 | 0.81 |
| 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 | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When choosing between Trade Nation and Spreadex for online trading, the variety of investment options available is a crucial factor to consider. Starting with forex trading, both platforms offer the ability to trade forex as CFDs or spot contracts. However, Spreadex offers a more extensive range of tradeable symbols, with 10,000 compared to Trade Nation's 1,000. In terms of forex pairs, Spreadex again has the edge, providing 52 pairs compared to Trade Nation's 46. Both brokers fall short in offering exchange-traded securities, such as stocks on U.S. and international exchanges, leaving clients to focus primarily on CFDs and forex trading. For cryptocurrency investors, each broker offers cryptocurrency derivatives but does not offer the option to buy actual cryptocurrencies.
For those interested in copy trading, Trade Nation offers this feature, whereas Spreadex does not. When evaluated for their range of investments, Spreadex scores higher, earning a 5-star rating, compared to Trade Nation's 3.5-star rating. This is reflected in their rankings by ForexBrokers.com, with Spreadex placed at #13 and Trade Nation at #38 out of 62 brokers. This comparison highlights that while both brokers provide core trading functionalities, Spreadex offers a broader selection of tradeable symbols and forex pairs, making it a more comprehensive choice for traders seeking a diverse range of investment opportunities.
| Feature |
Trade Nation
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 10000 |
| Forex Pairs (Total) | 46 | 52 |
| 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 Spreadex, both offer unique features tailored to different trading needs, making them popular choices among traders. Trade Nation provides a comprehensive suite with a proprietary platform, a Windows-based desktop download, and a web-based trading platform, ensuring flexibility for users on various devices. Additionally, Trade Nation supports MetaTrader 4 (MT4) and offers a simulated trading environment through a free virtual demo account, allowing users to practice without financial risks. However, it doesn't feature MetaTrader 5 (MT5) or direct trading from stock charts, which some traders might find limiting. In terms of charting tools, Trade Nation stands out with 39 drawing tools but doesn't provide the ability to trade directly from charts.
On the other hand, Spreadex offers its own proprietary platform and a web-based trading platform, but lacks a Windows-based desktop version. It further differentiates itself by allowing traders to execute trades directly from stock charts. However, Spreadex does not provide a virtual demo account, often seen as a valuable feature for learning without real-world risks. While lacking in support for MetaTrader integrations, Spreadex maintains a straightforward experience with fewer options, which might appeal to some users looking for simplicity. Charting capabilities include 11 drawing tools, which are fewer compared to Trade Nation, but still sufficient for basic analysis. Both brokers are rated four stars for their trading platforms and tools, with Trade Nation slightly ahead in ranking by ForexBrokers.com.
| Feature |
Trade Nation
|
Spreadex
|
|---|---|---|
| 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 | 55 |
| Charting - Drawing Tools (Total) | 39 | 11 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 14 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Trade Nation and Spreadex, both platforms offer applications for iPhone and Android users with capabilities like stock or forex price alerts, the ability to draw trendlines, and viewing multiple time frames. However, Trade Nation stands out by providing watchlist symbol syncing, ensuring that any changes made on their mobile app are mirrored in the online account. Additionally, Trade Nation offers an impressive 99 technical studies for charting, whereas Spreadex has not specified this feature. A notable advantage with Trade Nation's app is the auto-save feature for drawings on charts, making it more convenient for traders who frequently analyze data.
Both apps enable users to create watchlists with real-time quotes, and they receive the same rating of four stars for mobile trading apps. However, according to ForexBrokers.com, Trade Nation is ranked slightly higher, coming in at #45 compared to Spreadex's #49 out of 62 brokers. While both apps offer solid features, Trade Nation may appeal more to users seeking comprehensive charting tools and seamless syncing capabilities.
| Feature |
Trade Nation
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 99 | N/A |
| 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 market research offerings, Trade Nation and Spreadex each present unique strengths and limitations. Spreadex distinguishes itself by providing daily market commentary and a comprehensive economic calendar to keep users updated on global events. Both platforms offer essential forex news from reputable sources such as Bloomberg and Reuters. However, neither Trade Nation nor Spreadex includes technical analysis tools from Autochartist or Trading Central, nor do they feature market research from TipRanks.
Trade Nation is notable for its sentiment-based trading tool and the inclusion of research tools from Acuity Trading, such as Signal Centre, which Spreadex does not offer. Despite these differences, Spreadex receives a higher rating of 4 stars for research compared to Trade Nation's 3.5 stars. Additionally, Spreadex is ranked #31 out of 62 brokers for the Research category by ForexBrokers.com, outperforming Trade Nation, which is ranked #42.
| Feature |
Trade Nation
|
Spreadex
|
|---|---|---|
| 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 | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | No | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both Trade Nation and Spreadex provide a range of options focused on forex and CFDs. Each platform offers at least ten educational pieces like articles, videos, and potentially archived webinars. Additionally, for those new to trading, both brokers deliver ten beginner-friendly educational videos to help ease the learning curve. However, neither broker provides regular online educational webinars or accessible archives of past webinars. Likewise, neither has a collection of advanced videos for experienced traders.
Where these brokers differ is in their additional educational tools. Spreadex stands out by offering an investor dictionary with definitions for over 50 investing terms, an advantage it holds over Trade Nation. As for ratings, Spreadex slightly edges out with a 4-star rating for education, compared to Trade Nation's 3.5 stars. However, despite the higher rating, Spreadex ranks lower at number 45 in the ForexBrokers.com education category, while Trade Nation takes the 42nd spot. Overall, both platforms offer solid education features, with Spreadex providing a bit more in terms of additional learning resources.
| Feature |
Trade Nation
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| 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 | 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 Spreadex. Trade Nation finished with an overall rank of #34, while Spreadex finished with an overall rank of #39.
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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Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 71 |
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Neither Trade Nation nor Spreadex offers the ability to purchase actual delivered cryptocurrency, but both platforms do provide options for trading cryptocurrency derivatives.
When comparing online brokers Trade Nation and Spreadex in terms of fund deposit and withdrawal options, both platforms do not support ACH or SEPA transfers, and neither supports PayPal; however, Trade Nation distinguishes itself by accepting Skrill, a feature not available with Spreadex, while both brokers provide the convenience of 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 | Trade Nation | Spreadex | |
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| Trust Score | 85 | 71 | |
| Winner | check_circle | ||
| Review | Trade Nation Review | Spreadex Review |
| Broker Screenshots | Trade Nation | Spreadex | |
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| Regulation | Trade Nation | Spreadex | |
|---|---|---|---|
| Trust Score | 85 | 71 | |
| Year Founded | 2014 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | Trade Nation | Spreadex | |
|---|---|---|---|
| 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 | No |
| Tier-2 Licenses (Trusted) | Trade Nation | Spreadex | |
|---|---|---|---|
| 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 | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 10000 | |
| Forex Pairs (Total) | 46 | 52 | |
| 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 | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.6 | 0.81 | |
| 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 | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Trade Nation | Spreadex | |
|---|---|---|---|
| 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 | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 14 | 8 | |
| Charting - Indicators / Studies (Total) | 99 | 55 | |
| Charting - Drawing Tools (Total) | 39 | 11 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | Trade Nation | Spreadex | |
|---|---|---|---|
| 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 | N/A | |
| 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 | Spreadex | |
|---|---|---|---|
| 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 | Yes | |
| Economic Calendar | No | Yes |
| Education | Trade Nation | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| 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 | Yes |
| Major Forex Pairs | Trade Nation | Spreadex | |
|---|---|---|---|
| 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 | Spreadex Review |
| Overall | Trade Nation | Spreadex | |
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| Trust Score | 85 | 71 | |
| Winner | check_circle | ||
| Review | Trade Nation Review | Spreadex Review |
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