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 |
When comparing the commissions and fees of Trade Nation and Spreadex, Trade Nation stands out with a 5-star rating, largely due to its competitive fixed-spread pricing across all tradeable symbols on its proprietary platform. While most brokers offer variable pricing, Trade Nation's innovative approach includes fixed spreads, where the EUR/USD pair is set at 0.6 pips. It’s important to note, however, that during the daily rollover period, spreads can widen up to 1.4 pips, with the average spread slightly under 1 pip considering all traffic. Their various account options, such as the MetaTrader and TN Trader accounts, cater to different trading needs, making Trade Nation #7 out of 62 brokers according to ForexBrokers.com.
In contrast, Spreadex provides average spreads of 0.81 pips for the EUR/USD, with minimum spreads of 0.6 pips approximately 60% of the time. This variable approach gives Spreadex a rating of 4 stars, placing it at #27 in the commissions and fees category according to ForexBrokers.com. While Spreadex offers competitive spreads, the flexibility often leads to less predictability for traders compared to the fixed-spread model provided by Trade Nation.
Ultimately, both brokers offer unique advantages. Trade Nation, with its predictable fixed pricing, appeals to those who prefer stability in trading costs, while Spreadex's variable spreads might be attractive to traders looking for potentially lower costs during certain market conditions. Both options cater to different trading strategies and preferences, allowing traders to select based on their specific needs.
| 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.
Trade Nation and Spreadex are two online brokers offering various trading platforms and tools to meet the needs of traders. Both provide a proprietary platform developed in-house and a web-based trading platform accessible via a browser. Trade Nation goes a step further by offering a Windows-based desktop download platform, which Spreadex does not. For simulation purposes, each broker offers a free virtual demo account, allowing users to practice trading strategies risk-free. Trade Nation also provides the popular MetaTrader 4 (MT4) platform, whereas Spreadex does not. Moreover, Trade Nation supports copy trading, unlike Spreadex, which lacks this feature.
When it comes to charting tools, Trade Nation offers 39 drawing tools, significantly more than Spreadex's 11, though neither broker supports direct trading from stock charts, where Spreadex does. In terms of watch lists, Trade Nation provides a more comprehensive option with 14 fields, compared to Spreadex's 8 fields. Despite these differences, both brokers receive a four-star rating for their trading platforms and tools. In ForexBrokers.com's rankings, Trade Nation is slightly ahead at number 45 out of 62 brokers, while Spreadex holds the 46th position in the same category.
| Feature |
Trade Nation
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| 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 | 58 |
| 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.
For those considering Trade Nation or Spreadex for mobile trading, both platforms have much to offer in the realm of availability and functionality. Both brokers provide apps compatible with iPhone and Android devices, ensuring accessibility for a wide range of users. Essential features like stock and forex price alerts and the ability to draw trendlines on charts are standard within both applications. Traders can also view charts in multiple time frames, catering to diverse trading strategies, while easily creating and managing watchlists with real-time quotes.
However, certain differences may influence trader preferences. Trade Nation stands out with its syncing feature, allowing changes to watchlists to seamlessly update across both mobile and online accounts, a benefit not offered by Spreadex. Additionally, Trade Nation boasts an impressive set of 99 technical studies for chart analysis, whereas Spreadex does not specify its offerings in this area. When it comes to retaining chart annotations, Trade Nation's app automatically saves drawings, while Spreadex does not. Notably, both apps receive a robust 4-star rating and are closely ranked by ForexBrokers.com, with Trade Nation edging out at #45 and Spreadex at #46 out of 62 brokers. These distinctions could be crucial as traders decide which platform aligns best with their trading needs.
| 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 Trade Nation and Spreadex for their market research features, there are notable differences in what each platform offers. Spreadex stands out with daily market commentary and access to Autochartist’s technical analysis tools, elements that are missing from Trade Nation's offerings. Both brokers provide forex news from top-tier sources like Bloomberg and Reuters and also share a sentiment-based trading tool showing the proportion of long or short positions across various instruments. However, Trade Nation excels with research tools from Acuity Trading, offering unique insights through its Signal Centre service, which is not available on Spreadex. In contrast, Spreadex enhances its market analysis suite with an economic calendar, providing a comprehensive view of global economic events, a feature absent in Trade Nation.
In terms of quality ratings, Spreadex receives a slightly higher score with 4 out of 5 stars for research compared to Trade Nation's 3.5-star rating. Additionally, Spreadex ranks as the 31st broker in the research category on ForexBrokers.com, outperforming Trade Nation, which holds the 42nd position. Therefore, for traders prioritizing daily commentary and economic calendars, Spreadex may be the preferable choice, while those seeking access to specialized tools from Acuity Trading may lean towards Trade Nation.
| Feature |
Trade Nation
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| 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 | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 14 | 8 | |
| Charting - Indicators / Studies (Total) | 99 | 58 | |
| 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 | Yes | |
| 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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