Written by ForexBrokers.com
In this head to head comparison of XM Group 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 considering the trustworthiness of online brokers, regulatory licensing and ratings are key factors to examine. XM Group, established in 2009, is backed by four Tier-1 licenses, indicating a high level of trust. It also holds one Tier-2 license. With a ForexBrokers.com Trust Score of 88, XM Group is regarded as trusted by the site's ratings. Meanwhile, Trade Nation, founded in 2014, possesses two Tier-1 licenses and one Tier-2 license, earning a Trust Score of 85, which also marks it as trusted. Neither XM Group nor Trade Nation are publicly traded companies or banking institutions.
| Feature |
XM Group
|
Trade Nation
|
|---|---|---|
| Year Founded | 2009 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing online brokers XM Group and Trade Nation, a significant difference arises in their approach to commissions and fees. XM Group's standard account features expensive spreads, and while they do offer a commission-based XM Zero account, the average spreads for this account type are not publicly shared. In contrast, Trade Nation excels with competitive fixed-spread pricing across various symbols on its proprietary platform, alongside variable-spread pricing on its MetaTrader platform. This fixed-spread approach means prices remain consistent, only varying briefly during a daily rollover period.
Trade Nation lists a fixed spread of 0.6 pips for the EUR/USD currency pair. During the rollover period, spreads can widen up to 1.4 pips, effectively creating a true average closer to 1 pip. The broker offers three main account types: the MetaTrader-based commission-based Raw Spread account with a $3.50 commission per side per standard lot, a commission-free MetaTrader account, and the TN Trader account for its proprietary platform. Among these, the TN Trader account is known for the lowest overall costs, especially given the consistency of fixed spreads.
In terms of rankings, XM Group receives a commendable 4-star rating for commissions and fees but is ranked at number 33 out of 62 brokers in this category by ForexBrokers.com. Meanwhile, Trade Nation shines with a top-tier 5-star rating and is placed significantly higher at number 7, indicating a more favorable positioning due to its competitive and transparent fee structure.
| Feature |
XM Group
|
Trade Nation
|
|---|---|---|
| Minimum Deposit | $5 | $0 |
| Average Spread EUR/USD - Standard | 1.6 | 0.6 |
| All-in Cost EUR/USD - Active | 0.8 | 0.6 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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 it comes to the diversity of investment options, XM Group and Trade Nation both offer forex trading as CFDs. However, XM Group stands out by providing a broader range of tradeable symbols, featuring 1,394 options compared to Trade Nation's 1,000. XM Group also offers more forex pairs, with a total of 55, while Trade Nation provides 46. Furthermore, XM Group allows clients to invest directly in exchange-traded securities on both U.S. and international exchanges, offering opportunities to buy shares like Apple and Vodafone, which Trade Nation does not.
Both XM Group and Trade Nation support copy trading feature as well as offering cryptocurrency derivatives, but neither allows the purchase of actual cryptocurrencies. XM Group's wide range of investments earns it a 4.5-star rating for investment range and ranks it at #23 among 62 brokers according to ForexBrokers.com. In contrast, Trade Nation scores 3.5 stars and holds the #38 position in the same ranking. This makes XM Group a more appealing choice for investors seeking a wider array of investment opportunities.
| Feature |
XM Group
|
Trade Nation
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1394 | 1000 |
| Forex Pairs (Total) | 55 | 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) | 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 the trading platforms and tools offered by XM Group and Trade Nation, both brokers provide a comprehensive range of features suitable for different types of traders. XM Group and Trade Nation both offer free virtual demo accounts, enabling users to practice and familiarize themselves with the platforms risk-free. While Trade Nation boasts a proprietary platform, XM Group relies on popular platforms like MetaTrader 4 and MetaTrader 5. Both brokers offer Windows-based desktop downloads and web-based platforms, making trading accessible on various devices. Though each supports copy trading, only XM Group delivers MT5, offering a potential edge for those seeking more advanced features.
In terms of charting, XM Group provides 15 drawing tools and allows direct trading from stock charts, while Trade Nation presents a more extensive toolset with 39 drawing tools but lacks chart-based trading capabilities. For traders focused on monitoring and managing watch lists, Trade Nation offers 14 columns for customization, compared to XM Group's seven. Despite these differences, both XM Group and Trade Nation are rated four stars for their trading platforms and tools. According to ForexBrokers.com, XM Group ranks #31 out of 62 brokers, slightly ahead of Trade Nation, which is ranked #45 in the category. Whether prioritizing proprietary innovations or tried-and-true platform stability, both brokers offer solid options for traders.
| Feature |
XM Group
|
Trade Nation
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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) | 30 | 115 |
| Charting - Drawing Tools (Total) | 15 | 39 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 7 | 14 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of XM Group and Trade Nation, both platforms offer apps for iPhone and Android users, ensuring widespread accessibility. Traders on both platforms can set up stock or forex price alerts and sync watchlist symbols with their accounts, allowing for seamless transitions between devices and platforms. While both apps support drawing trendlines and viewing different time frames on charts, only Trade Nation's app auto-saves chart drawings, providing added convenience for active traders.
In terms of technical analysis, Trade Nation takes a lead with 99 technical studies available on its mobile app compared to XM Group's 30. Both apps allow users to create watchlists with real-time quotes, offering up-to-date market insights. Despite having similar user ratings of four out of five stars for mobile trading, XM Group holds a higher rank at #29 among 62 brokers according to ForexBrokers.com, whereas Trade Nation ranks at #45. This positioning highlights XM Group's slight edge in overall user perception for mobile trading functionalities.
| Feature |
XM Group
|
Trade Nation
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 99 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing XM Group and Trade Nation for market research offerings, both online brokers provide daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. However, XM Group edges out with a broader suite of tools, including Trading Central, which offers technical analytics, while Trade Nation does not provide this feature. Both brokers offer sentiment-based trading tools, showing trader positions across various instruments, yet their supplementary offerings differ significantly. XM Group boasts an economic calendar to keep traders informed of current and forthcoming global events, whereas Trade Nation lacks this feature.
While neither broker offers insights from Autochartist or TipRanks, Trade Nation distinguishes itself slightly with research tools from Acuity Trading, such as Signal Centre. Despite this, XM Group achieves a higher research rating of 5 stars compared to Trade Nation's 3.5 stars and is ranked 8th out of 62 brokers by ForexBrokers.com for research, whereas Trade Nation ranks 42nd. This makes XM Group a more favored choice for traders who prioritize comprehensive research in their trading arsenal.
| Feature |
XM Group
|
Trade Nation
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | No |
Dive deeper: Best Brokers for Forex Research.
XM Group and Trade Nation both provide a wealth of educational resources tailored for forex and CFD beginners. Both brokers excel in offering over ten educational materials, including articles and videos. However, XM Group distinguishes itself with monthly online webinars and a searchable archive of these sessions, while Trade Nation does not have these offerings. Both brokers cater to beginners and seasoned traders alike with a range of educational videos, but XM Group receives a higher overall rating for its comprehensive educational package, earning 5 stars compared to Trade Nation's 3.5 stars. Additionally, XM Group holds a robust rank of #7 in the Education category according to ForexBrokers.com, whereas Trade Nation is positioned further down at #42.
While Trade Nation provides a valuable investor dictionary with over 50 investment terms, XM Group lacks this resource. Despite this, XM Group's extensive series of webinars and archived content make it a more attractive option for those eager to deepen their understanding through interactive learning. Conversely, beginners who appreciate having a handy reference guide may find Trade Nation's dictionary beneficial. Ultimately, XM Group's superior educational resources and higher rating suggest it is better suited for beginners seeking a more immersive learning experience in the world of trading.
| Feature |
XM Group
|
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 | Yes |
| 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 XM Group is better than Trade Nation. XM Group finished with an overall rank of #17, while Trade Nation finished with an overall rank of #34.
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.
| Feature |
XM Group
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Trade Nation
|
|---|---|---|
| Overall Rating |
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| Trust Score | 88 | 85 |
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Both XM Group and Trade Nation do not offer the ability to buy actual delivered cryptocurrency, but they do provide options to trade in cryptocurrency derivatives.
Both XM Group and Trade Nation do not support ACH or SEPA transfers or PayPal for depositing or withdrawing funds; however, they both offer Skrill, Visa, Mastercard, and bank wires as available 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 | XM Group | Trade Nation | |
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| Trust Score | 88 | 85 | |
| Winner | check_circle | ||
| Review | XM Group Review | Trade Nation Review |
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| Regulation | XM Group | Trade Nation | |
|---|---|---|---|
| Trust Score | 88 | 85 | |
| Year Founded | 2009 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | XM Group | Trade Nation | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| 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) | No | 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) | XM Group | Trade Nation | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | XM Group | Trade Nation | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1394 | 1000 | |
| Forex Pairs (Total) | 55 | 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) | 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 | XM Group | Trade Nation | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | 0.6 | |
| All-in Cost EUR/USD - Active | 0.8 | 0.6 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | XM Group | Trade Nation | |
|---|---|---|---|
| Minimum Deposit | $5 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| 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 | XM Group | Trade Nation | |
|---|---|---|---|
| Proprietary Platform | No | 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 | XM Group | Trade Nation | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 14 | |
| Charting - Indicators / Studies (Total) | 30 | 115 | |
| Charting - Drawing Tools (Total) | 15 | 39 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | No |
| Mobile Trading | XM Group | Trade Nation | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 99 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | No |
| Research | XM Group | Trade Nation | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | No |
| Education | XM Group | 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 | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | XM Group | 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 | XM Group Review | Trade Nation Review |
| Overall | XM Group | Trade Nation | |
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| Trust Score | 88 | 85 | |
| Winner | check_circle | ||
| Review | XM Group Review | Trade Nation Review |
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