Written by ForexBrokers.com
In this head to head comparison of Trade Nation vs Xtrade, 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.
Trade Nation and Xtrade are both online brokers offering trading services, yet they differ significantly in trust ratings and regulatory status. Trade Nation, established in 2014, holds a more favorable position with two highly trusted Tier-1 licenses and an additional Tier-2 license. This gives Trade Nation a trust score of 85 out of 99 from ForexBrokers.com, classifying them as a trusted broker. In comparison, Xtrade, founded in 2003, possesses one Tier-1 license and one Tier-2 license, earning a trust score of 74, indicating an average risk according to ForexBrokers.com's rating system.
Neither Trade Nation nor Xtrade is a publicly traded company, nor are they classified as banks. The regulatory structures of these brokers reflect their respective abilities to instill confidence among users, with Trade Nation having a slight edge due to its higher trust score and additional Tier-1 regulatory license. Investors seeking a broker that aligns more closely with trusted status may lean towards Trade Nation, while those comfortable with Xtrade's average risk profile might find its years of operation and service offerings sufficient for their needs.
| Feature |
Trade Nation
|
Xtrade
|
|---|---|---|
| Year Founded | 2014 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing Trade Nation and Xtrade based on their commissions and fees, Trade Nation stands out with its transparent pricing structure. It offers competitive fixed spreads on its proprietary platform and variable-spread pricing on its MetaTrader platform. For instance, Trade Nation offers a fixed spread of 0.6 pips for the EUR/USD pair, which briefly widens to around 1.4 pips during the rollover period, making the average spread around 1 pip. Trade Nation provides three account types, including a commission-based Raw Spread account on MetaTrader with a $7 round-trip commission per standard lot, a commission-free account, and the TN Trader account that generally offers the lowest costs.
In contrast, Xtrade lacks transparency as average spread data is unavailable, making it difficult to assess its pricing competitiveness. While Trade Nation explicitly outlines its pricing structure and spreads, Xtrade does not provide a comparable level of detail on its fees, leaving traders wanting more clarity. This lack of information may affect a trader's ability to make fully informed decisions about trading costs.
Trade Nation earns a strong 5-star rating for its commissions and fees and ranks an impressive 7th out of 62 brokers according to ForexBrokers.com. On the other hand, Xtrade receives a lower rating of 2.5 stars and is ranked last at 62nd. These ratings reflect the significant differences in pricing transparency and cost-effectiveness between the two brokers, with Trade Nation clearly taking the lead.
| Feature |
Trade Nation
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $0 | $250 |
| Average Spread EUR/USD - Standard | 0.6 | N/A |
| 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 | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the available range of investments between Trade Nation and Xtrade, both brokers provide forex trading as CFDs or spot contracts. Trade Nation offers a larger selection of a total of 1,000 tradeable symbols compared to Xtrade's 482. However, Xtrade provides more forex pair options with 56 pairs, surpassing Trade Nation's 46 pairs. Neither platform offers exchange-traded securities on U.S. or international exchanges, meaning clients cannot purchase shares such as Apple or Vodafone directly through them. Trade Nation does, however, distinguish itself by offering copy trading services, an option not available with Xtrade.
Both Trade Nation and Xtrade facilitate cryptocurrency trading through derivatives but do not offer purchases of actual cryptocurrencies. In terms of ratings, both brokers score 3.5 stars for their range of investments. Despite having the same star rating, Trade Nation fares better in ranking, as the broker is placed at 38th out of 62 by ForexBrokers.com for the range of investments category, while Xtrade sits at 49th. This positions Trade Nation slightly ahead in terms of overall breadth and appeal of investment offerings according to the rankings comprehensive study.
| Feature |
Trade Nation
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 482 |
| Forex Pairs (Total) | 46 | 56 |
| 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 it comes to online trading platforms and tools, both Trade Nation and Xtrade offer unique advantages, but there's a clear distinction in their features. Trade Nation provides a well-rounded trading experience through its proprietary platform, available for both Windows and web-based access. It includes the popular MetaTrader 4, making it appealing for traders who rely on this platform. While Xtrade doesn't support MetaTrader 4 or offer a Windows-based desktop download, it compensates with a web-based platform and the ability to trade directly from stock charts, a feature missing in Trade Nation. Both brokers provide free virtual demo accounts, allowing potential users to explore the platforms risk-free.
For traders interested in charting tools, Xtrade offers a more extensive range with 100 drawing tools compared to Trade Nation's 39. However, when it comes to trading features like copy trading, Trade Nation holds an edge, offering this option while Xtrade does not. Watchlist customization is another aspect where both brokers differ, with Trade Nation providing the flexibility of 14 columns, surpassing Xtrade's nine. Ultimately, according to ForexBrokers.com, Trade Nation ranks 44th and receives a 4-star rating for its trading platforms and tools, while Xtrade ranks lower at 58th with a 3.5-star rating. This suggests that Trade Nation might be slightly better suited for those looking for a comprehensive range of trading tools and features.
| Feature |
Trade Nation
|
Xtrade
|
|---|---|---|
| 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) | 115 | N/A |
| Charting - Drawing Tools (Total) | 39 | 100 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 14 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
If you're deciding between Trade Nation and Xtrade for mobile trading, both offer iPhone and Android apps, but Trade Nation has a clear edge with more features to enhance your trading experience. Trade Nation provides stock or forex price alerts, real-time watchlist syncing across devices, and allows for drawing trendlines and viewing multiple time frames on charts—features absent in Xtrade's app. Additionally, Trade Nation's app supports a variety of technical studies for detailed chart analysis, while Xtrade does not specify offerings in this area. Both platforms hold a solid four-star rating for their mobile apps. However, Trade Nation is ranked 45th among 62 brokers by ForexBrokers.com, while Xtrade finds itself at 53rd.
For traders who value versatile charting tools and synchronized watchlists, Trade Nation might be the preferred choice. Its ability to auto-save chart drawings and offer real-time quotes in watchlists further underscores its functionality. While Xtrade offers the basic trading on-the-go capabilities, it lacks the comprehensive features that Trade Nation delivers. Whether you're a seasoned trader or just getting started, these distinctions can influence how effectively you manage your investments from your mobile device.
| Feature |
Trade Nation
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 99 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When evaluating the market research offerings of Trade Nation and Xtrade, both online brokers provide essential daily market commentary and access to forex news from leading sources such as Bloomberg and Reuters. Despite this, Trade Nation stands out with a unique sentiment-based trading tool that provides insights into the ratio of long or short positions across various instruments, an offering that Xtrade does not have. Furthermore, Trade Nation benefits from research tools provided by Acuity Trading, including Signal Centre services, enhancing its market analysis capabilities.
On the other hand, Xtrade offers an economic calendar that highlights both current and upcoming global economic events, a feature not available with Trade Nation. While both brokers score equally with a rating of 3.5 stars for research, Trade Nation holds a slightly better ranking at 42nd place compared to Xtrade's 52nd place, as per ForexBrokers.com rankings. This suggests that while both platforms provide valuable research tools, Trade Nation may offer slightly more tailored resources for those seeking advanced analysis tools in their trading strategies.
| Feature |
Trade Nation
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| 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 beginner traders, both Trade Nation and Xtrade provide a variety of tools to get you started in forex or CFDs trading. Each platform offers at least ten educational pieces like articles and instructional videos. However, if you're someone who learns best through live interactions, neither broker offers monthly online client webinars or an archive of previously recorded sessions. Despite these similarities, Trade Nation has a slight edge by offering over ten beginner educational videos specifically crafted for novices, in addition to advanced content for more seasoned traders. Both brokers offer useful investor dictionaries to help demystify investing terms.
In terms of user ratings, both Trade Nation and Xtrade score 3.5 stars for education. However, when ranked among 62 brokers by ForexBrokers.com, Trade Nation fares better, coming in at #41, while Xtrade is positioned at #46. This suggests Trade Nation may have a slightly more comprehensive offering, particularly for beginners and advanced users looking for video content. Whether you're just starting out or looking to deepen your trading knowledge, understanding these differences can help you choose the right platform for your educational needs.
| Feature |
Trade Nation
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | 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 Xtrade. Trade Nation finished with an overall rank of #34, while Xtrade finished with an overall rank of #59.
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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Xtrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 74 |
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Both Trade Nation and Xtrade provide options for trading cryptocurrency derivatives, but neither platform allows for the purchase of actual, delivered cryptocurrencies.
Both Trade Nation and Xtrade provide Skrill, Visa, Mastercard, and bank wire options for depositing or withdrawing funds, but neither offers ACH, SEPA, or PayPal services.
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 | Xtrade | |
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| Trust Score | 85 | 74 | |
| Winner | check_circle | ||
| Review | Trade Nation Review | Xtrade Review |
| Broker Screenshots | Trade Nation | Xtrade | |
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| Regulation | Trade Nation | Xtrade | |
|---|---|---|---|
| Trust Score | 85 | 74 | |
| Year Founded | 2014 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | Trade Nation | Xtrade | |
|---|---|---|---|
| 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 | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | Trade Nation | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Trade Nation | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 482 | |
| Forex Pairs (Total) | 46 | 56 | |
| 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 | Xtrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.6 | N/A | |
| 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 | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $0 | $250 | |
| 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 | Trade Nation | Xtrade | |
|---|---|---|---|
| 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 | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 14 | 9 | |
| Charting - Indicators / Studies (Total) | 115 | N/A | |
| Charting - Drawing Tools (Total) | 39 | 100 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | No | No |
| Mobile Trading | Trade Nation | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 99 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | No | No |
| Research | Trade Nation | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | No | Yes |
| Education | Trade Nation | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Trade Nation | Xtrade | |
|---|---|---|---|
| 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 | Xtrade Review |
| Overall | Trade Nation | Xtrade | |
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| Trust Score | 85 | 74 | |
| Winner | check_circle | ||
| Review | Trade Nation Review | Xtrade Review |
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