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 variety of options that cater to different trader preferences. XM Group and Trade Nation allow simulated trading with free virtual demo accounts, which is ideal for beginners looking to practice without risk. However, Trade Nation sets itself apart by offering its own proprietary platform, whereas XM Group relies on third-party solutions. Both brokers support trading via Windows-based desktop platforms and web-based browsers, providing flexibility for traders on different devices. While both offer the popular MetaTrader 4 platform and copy trading functionalities, XM Group also includes MetaTrader 5 in its lineup, a feature not available with Trade Nation.
Charting and customization features are strong suits for both brokers, yet they differ in specifics. XM Group provides 15 drawing tools and allows trading directly from stock charts, giving traders a hands-on approach to their analysis and execution. Trade Nation excels in watch list customization with 14 columns, compared to XM Group's 7, and offers 39 drawing tools for detailed charting, though it lacks the ability to trade directly from charts. Both XM Group and Trade Nation are rated four stars for their trading platforms and tools, with XM Group being ranked higher at #30 compared to Trade Nation's #45 among 62 brokers reviewed by ForexBrokers.com.
| 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 | 99 |
| 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 deciding between XM Group and Trade Nation for mobile trading, both brokers offer apps compatible with iPhone and Android devices. Each provides a seamless experience with features like price alerts and watchlist syncing across devices. Users can enjoy real-time quotes and draw trendlines on their stock or forex charts. While both allow viewing different timeframes, only Trade Nation auto-saves chart drawings, which can be a time-saver for frequent traders.
For chart enthusiasts, Trade Nation stands out with an impressive 99 technical studies compared to XM Group's 30. However, despite these differences, both apps are highly rated, each scoring four out of five stars. XM Group edges out in overall ranking, sitting at #27, compared to Trade Nation's #45 in the mobile trading app category from ForexBrokers.com. These insights can help traders choose the app that best fits their trading needs and preferences.
| 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 it comes to market research, XM Group stands out by offering daily market commentary and providing forex news from top-tier sources like Bloomberg and Reuters. XM Group also includes advanced tools from Trading Central, such as Technical Analytics, to assist traders in making informed decisions. Moreover, XM Group provides a sentiment-based trading tool and an economic calendar for tracking global news events, making it a comprehensive choice for those who desire detailed market insights and tools. Overall, XM Group is rated 5 stars for research with a rank of 8 out of 62 brokers by ForexBrokers.com.
In comparison, Trade Nation offers forex news from similar top-tier sources and a sentiment-based trading tool, but it lacks in several other areas of research tools. It does not provide daily market commentary or Technical Analytics from Trading Central. However, Trade Nation does offer research resources from Acuity Trading like the Signal Centre. Despite these offerings, it does not include an economic calendar. Trade Nation is rated 3.5 stars for research and is ranked 42nd out of 62 brokers according to ForexBrokers.com, indicating there’s room for improvement in their research capabilities.
| Feature |
XM Group
|
Trade Nation
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| 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.
When comparing XM Group to Trade Nation in terms of educational resources for beginners, both brokers offer valuable insights into forex and CFD markets. XM Group stands out with its comprehensive educational offerings. They provide a variety of educational materials including articles, videos, and archived webinars that focus on forex and CFDs. Moreover, XM Group hosts online educational client webinars monthly and has a searchable archive of these recorded sessions, allowing learners to access past content conveniently. They offer a wide range of educational videos that cater to both beginners and experienced traders, helping users enhance their trading skills. While XM Group does not have an investor dictionary, it excels by receiving a 5-star rating in education and holds a high rank of #7 among 62 brokers surveyed by ForexBrokers.com.
On the other hand, Trade Nation also provides a minimum of ten educational pieces, such as articles and videos, focusing on forex and CFDs, which cater well to beginners. They offer beginner educational videos but lack advanced content for seasoned traders. Trade Nation does not provide monthly client webinars or a searchable archive of recorded webinars, which might limit learning opportunities for those seeking more interactive and historical content. The absence of an investor dictionary is consistent with XM Group, yet Trade Nation's educational offerings receive a lower rating of 3.5 stars. Ranked at #42 out of 62, Trade Nation's position in educational resources, as noted by ForexBrokers.com, suggests there is room for improvement when compared to XM Group.
| 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 | No |
| Investor Dictionary (Glossary) | No | No |
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 |
| Broker Screenshots | XM Group | Trade Nation | |
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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 | 99 | |
| 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 | No | |
| 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 | No | |
| Investor Dictionary (Glossary) | No | No |
| 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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