Written by ForexBrokers.com
In this head to head comparison of Swissquote 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.
When comparing online brokers Swissquote and Trade Nation, it is clear that Swissquote established in 1996, has built a strong reputation within the financial industry. As a publicly traded company listed on a stock exchange and also functioning as a bank, Swissquote holds an impressive 5 Tier-1 licenses and 2 Tier-2 licenses. This regulatory strength contributes to its outstanding Trust Score of 99, indicating it is considered highly trusted by ForexBrokers.com.
On the other hand, Trade Nation, founded in 2014, is a privately held company not listed on a stock exchange and does not operate as a bank. This broker is backed by 2 Tier-1 licenses and 1 Tier-2 license, providing it with a Trust Score of 85, which signifies it is trusted according to ForexBrokers.com standards. While both brokers are trusted in the trading world, Swissquote's extensive regulatory credentials and higher trust score highlight its position as a leader in reliability and trustworthiness.
| Feature |
Swissquote
|
Trade Nation
|
|---|---|---|
| Year Founded | 1996 | 2014 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When comparing the commissions and fees of Swissquote and Trade Nation, there are several factors to consider that highlight their differences. Swissquote, a Swiss banking institution, offers multiple account options across its U.K., Luxembourg, and Swiss entities, with varying trading costs. In the U.K., Swissquote's Elite account is most cost-effective for active traders with low spreads and a $5 charge per round-turn trade if you have a minimum deposit of $10,000. However, the average spreads at its U.K. entity start from 0.6 pips, going as high as 1.3 pips or more. The account offerings in Luxembourg and Switzerland mirror these costs, with Prime accounts requiring significant deposits for slight savings on spreads.
Trade Nation, on the other hand, provides a compelling alternative with its competitive fixed-spread pricing. The fixed EUR/USD spread sits at 0.6 pips, though this can temporarily widen during the daily rollover period. Trade Nation's pricing structure includes three main account types: two MetaTrader-based options and one for its proprietary TN Trader platform. The Raw Spread account charges a modest $3.50 per side commission, while the TN Trader account is noted for having the lowest spreads when considering all costs. The fixed nature of Trade Nation's spreads ensures transparency and an overall lower cost than variable spreads.
In terms of performance, Trade Nation receives a commendable 5-star rating for commissions and fees, ranking #7 out of 62 brokers as per ForexBrokers.com. Swissquote earns a 3.5-star rating and is placed at #52 in the same category. While Swissquote offers the prestige of a Swiss financial institution, Trade Nation excels in its cost-effective pricing and clearer fee structure, making it a more attractive option for cost-savvy traders.
| Feature |
Swissquote
|
Trade Nation
|
|---|---|---|
| Minimum Deposit | $1000 | $0 |
| Average Spread EUR/USD - Standard | N/A | 0.6 |
| All-in Cost EUR/USD - Active | N/A | 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 comparing the range of investments offered by Swissquote and Trade Nation, there are noticeable differences that cater to various trading needs. Swissquote stands out by providing access to a total of 472 tradeable symbols, including a robust selection of 80 forex pairs. This broker also offers the flexibility to buy actual cryptocurrencies and exchange-traded securities on both U.S. and international markets. Its extensive offering has earned Swissquote a 5-star rating and a commendable #2 ranking from ForexBrokers.com in the Range of Investments category.
Trade Nation, on the other hand, impresses with a larger pool of 1000 tradeable symbols, though it features fewer forex pairs at 46. Unlike Swissquote, Trade Nation does not provide direct access to U.S. or international exchange-traded securities or actual cryptocurrencies, focusing instead on CFDs and cryptocurrency derivatives. This more limited scope results in a 3.5-star rating and a #38 ranking from ForexBrokers.com. Both brokers do, however, support copy trading, allowing users to follow and replicate the strategies of seasoned investors.
| Feature |
Swissquote
|
Trade Nation
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 1000 |
| Forex Pairs (Total) | 80 | 46 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | 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 evaluating Swissquote and Trade Nation for their trading platforms and tools, both brokers offer a comprehensive suite to cater to different trader needs. Swissquote provides multiple options with its in-house developed platform, alongside the widely-used MetaTrader 4 and MetaTrader 5, catering to both beginner and advanced traders. In contrast, Trade Nation offers a proprietary platform and MetaTrader 4 but does not support MetaTrader 5, potentially limiting options for traders seeking the latest features. Both platforms offer simulated trading accounts for practicing strategies before committing real funds.
For charting capabilities, Swissquote stands out by providing 75 drawing tools and the option to trade directly from the stock chart, which might attract traders focused on technical analysis. Meanwhile, Trade Nation offers 39 drawing tools but does not support direct chart trading. While both brokers support copy trading, neither offers DupliTrade or ZuluTrade. Swissquote slightly edges out Trade Nation with a higher rating of 4.5 stars for trading platforms and tools compared to Trade Nation's 4 stars, complemented by its higher rank of 12th among 62 brokers on ForexBrokers.com, versus Trade Nation’s position at 45th.
| Feature |
Swissquote
|
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) | 86 | 99 |
| Charting - Drawing Tools (Total) | 75 | 39 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 11 | 14 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Swissquote and Trade Nation, both platforms cater to iPhone and Android users and provide stock and forex price alerts. However, a key difference is found in their watchlist capabilities; Trade Nation offers watchlist symbol syncing between mobile and online accounts, making it easy for users to manage their investments seamlessly across platforms, a feature Swissquote does not offer. Both apps allow users to draw trendlines and view multiple time frames on charts, enhancing the trading experience. In terms of charting tools, Trade Nation outshines Swissquote by offering 99 technical studies compared to Swissquote's 30, catering to users who prefer a wide range of analytical options.
Both platforms provide the ability to create watchlists with real-time quotes, and they ensure convenience by automatically saving chart drawings. Despite these similarities, Swissquote edges ahead in user ratings, earning 4.5 stars compared to Trade Nation's 4 stars. This higher rating reflects in ForexBrokers.com rankings, where Swissquote is positioned at #11 among 62 brokers, a significant advantage over Trade Nation's #45 ranking. Ultimately, while both apps are solid choices, Swissquote appears to be a more well-rounded option, particularly for traders who prioritize user experience and app performance.
| Feature |
Swissquote
|
Trade Nation
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 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 Swissquote and Trade Nation, Swissquote stands out by providing daily market commentary, which Trade Nation does not offer. Both brokers deliver forex news from elite sources like Bloomberg, Reuters, and Dow Jones, ensuring traders have access to premium information in this area. Swissquote also boasts technical analysis tools from Autochartist, giving traders additional insights, whereas Trade Nation does not provide these specific tools. In contrast, Trade Nation offers a sentiment-based trading tool that Swissquote lacks, helping traders understand market trends through the ratio of long or short positions across various instruments.
Swissquote further enhances its research offerings with a comprehensive economic calendar, highlighting current and upcoming global news events—a feature Trade Nation does not offer. While neither broker utilizes Trading Central or TipRanks for research insights, Trade Nation includes tools from Acuity Trading like Signal Centre, expanding its research capabilities. Overall, Swissquote receives a higher research rating with 4 out of 5 stars compared to Trade Nation's 3.5 stars. Reflecting these factors, Swissquote is ranked #16 out of 62 brokers in the research category by ForexBrokers.com, while Trade Nation is positioned at #42.
| Feature |
Swissquote
|
Trade Nation
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | No |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, Swissquote clearly stands out compared to Trade Nation. Both brokers offer a solid foundation with at least 10 educational pieces focused on forex or CFDs. However, Swissquote takes it a step further with monthly webinars that allow for interactive learning, while Trade Nation does not offer this feature. Additionally, Swissquote provides access to a searchable archive of past webinars, allowing users to revisit and learn at their convenience. In terms of video content, both platforms deliver beginner-friendly videos, but Swissquote furthers its educational outreach with advanced videos tailored for experienced traders.
Swissquote also distinguishes itself with an investor dictionary that encompasses over 50 investing terms, a resource that Trade Nation lacks. These extensive educational offerings contribute to Swissquote's higher educational rating of 4 stars compared to Trade Nation's 3.5 stars. According to ForexBrokers.com, Swissquote ranks #21 out of 62 brokers in the Education category. In contrast, Trade Nation holds the #42 spot. These rankings reflect Swissquote's commitment to providing a comprehensive learning environment for both novice and experienced traders.
| Feature |
Swissquote
|
Trade Nation
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | 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 Swissquote is better than Trade Nation. Swissquote finished with an overall rank of #11, while Trade Nation finished with an overall rank of #34.
Traders choose Swissquote for its quality research and vast multi-asset offering – as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.
| Feature |
Swissquote
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Trade Nation
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 85 |
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Swissquote allows users to buy actual delivered cryptocurrency and cryptocurrency derivatives, whereas Trade Nation only offers the option to purchase cryptocurrency derivatives.
When comparing deposit and withdrawal options between online brokers Swissquote and Trade Nation, Swissquote provides a broader range with support for ACH or SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, while Trade Nation supports Skrill, Visa or Mastercard, and bank wires but lacks ACH, SEPA, and PayPal options.
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 | Swissquote | Trade Nation | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | Swissquote Review | Trade Nation Review |
| Broker Screenshots | Swissquote | Trade Nation | |
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| Regulation | Swissquote | Trade Nation | |
|---|---|---|---|
| Trust Score | 99 | 85 | |
| Year Founded | 1996 | 2014 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 5 | 2 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | Trade Nation | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | 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) | Swissquote | Trade Nation | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Swissquote | Trade Nation | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 1000 | |
| Forex Pairs (Total) | 80 | 46 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | 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 | Swissquote | Trade Nation | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 0.6 | |
| All-in Cost EUR/USD - Active | N/A | 0.6 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Swissquote | Trade Nation | |
|---|---|---|---|
| Minimum Deposit | $1000 | $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 | Swissquote | 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Swissquote | Trade Nation | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 14 | |
| Charting - Indicators / Studies (Total) | 86 | 99 | |
| Charting - Drawing Tools (Total) | 75 | 39 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | No |
| Mobile Trading | Swissquote | Trade Nation | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 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 | Swissquote | Trade Nation | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | No |
| Education | Swissquote | Trade Nation | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Swissquote | 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 | Swissquote Review | Trade Nation Review |
| Overall | Swissquote | Trade Nation | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | Swissquote Review | Trade Nation Review |
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