Trade Nation Review: Is EVFX.Co.Uk a Trustworthy Broker?
Trade Nation is a worldwide forex and CFD broker that was founded in 2014. They are regulated by the Financial Conduct Authority (FCA), the Australian Securities and Investment Commission (ASIC), the Financial Sector Conduct Authority Commission (FSCA), and the Securities Commission of the Bahamas (SCB).
Trade Nation broker is considered very safe and also it’s user recommended for both inexperienced and experienced traders. With their own in-house trading software and also industry standard MT4, the trading experience is guaranteed to be a satisfactory one.
In this honest Trade Nation review, we will tell you all the needed information regarding this broker and why you should invest with them.
Trade Nation Pros and Cons
When it comes to the Trade Nation, there are both pros and cons, that you should weigh out before making a decision to invest.
When it comes to opening your account at the Trade Nation broker, you will have no problems since it’s fully digital. On top of that, since they are regulated, there is no minimum deposit required.
With that said, keep in mind, they don’t require a minimum deposit but you will need enough funds to cover the margin requirements of your trade.
Another great thing this broker offers is access to amazing research and educational tools. This works wonders for both inexperienced and experienced traders.
They have amazing benefits but don’t overlook the downsides. As much as they give you a possibility to learn and grow as a trader with them, their portfolio is very slim. They don’t have that many options available for trading in comparison to other regulated brokers.
|Forex and CFDs
|USD, EUR, GBP
|Other trading platforms
|Web and desktop
Is Trade Nation Regulated? Security and Regulation
As we have mentioned above, Trade Nation is a fully regulated and licensed broker that offers financial services online. They are regulated by some of the major regulatory bodies such as the Financial Conduct Authority (FCA), the Australian Securities and Investment Commission (ASIC), the Financial Sector Conduct Authority Commission (FSCA), and the Securities Commission of the Bahamas (SCB).
Not only will you have a fully regulated broker but your funds will also be 100% secured. This is because Trade Nation keeps its client’s money in segregated accounts.
Since they operate both in UK and Australia, their client’s money is held in corresponding banks of those countries. For UK clients, the money is held in segregated bank accounts at Barclays Bank in London. While for Australian clients, their money is held at Westpac in Australia.
All of this means that not only is your money safe but you also don’t have to worry about withdrawing your money at any time. Working with regulated brokers saves you the hassle of worrying if your money is safe and if the brokers have violated any terms and conditions.
This is because everything is fully transparent.
What are Available Accounts at Trade Nation?
While we were conducting this Trade Nation broker review, we took a good look at their website and everything they offer.
Upon doing so, we saw they have a couple of options when it comes to the available accounts and they are the following:
- Individual account
- Professional account
- Corporate account
- Demo account
This is a very big variety of available accounts you can choose from and it makes it even better that you don’t need any required deposit to get one.
In case you want to trade solo, we do recommend the individual account, which is available for both beginners and experienced traders. On the other hand, if you are experienced and you want something more challenging, we recommend a professional one.
Whatever you choose at the end of the day, with their in-house trading software and industry-standard MT4, the trading experience is going to be great.
And in case you are still not ready to dip your feet into the trading waters, Trade Nation has you covered on that also. Not only do they provide you with the possibility to use a demo account, but you can also use their trading software simulator.
It’s a risk-free demo trading software that gives you the possibility to feel real trading without actually losing any money. On top of that, you get to pick your options as if you are really trading on the financial market.
Trade Nation Deposits and Withdrawals
We have previously mentioned that Trade Nation doesn’t have a required minimum deposit in order for you to activate your account. The only thing you will need is enough funds to cover the margin requirements of your trade.
With that said, there are ways how you can deposit money into your account and it’s via the following:
- Credit or debit cards
- Wire transfers
This is a fair share of ways how you can deposit money into your account. Trade Nation offers accounts in GBP, USD, EUR, AUD, and ZAR. They also offer DKK, NOK, and SEK. And when it comes to the withdrawal, you can ask for it at any given time and the money will be sent back the way you deposited it. Just remember that the minimum withdrawal option is 50$.
The great thing about working with a regulated broker such as Trade Nation is that you don’t have to worry about withdrawal issues and if there are any hidden fees. This broker is fully transparent and it clearly states you will have no fees regarding both the deposit and withdrawal.
So, if you want to avoid brokers who have many complaints made against them, we recommend you start with Trade Nation.
Research and Education
When it comes to research and education, Trade Nation is not lacking. Not only do they provide a beginner’s guide, but they also offer great research tools with comprehensive analysis suitable for beginning traders and also supporting everyday trading.
On top of that, all the educational material is available to you 24/7 regardless if you are a beginner or an experienced trader. They also offer webinars.
Another feature they have includes news, analysis, and trading tips from experts. Also, the broker offers signal center which are FCA-regulated trading signals, and the ability to create custom market watchlists.
Trade Nation is not lacking in the aspect of customer service. They have a client-oriented philosophy, that gives you the possibility to contact them 24/5 regarding any question you may have.
Customer service is available through various methods including Online Live Chat, phone, and emails. The only downside we could find in this impeccable customer support and service is that they are not available 24/7.
Although, we completely understand that even customer support agents need time to rest so they can be fresh in order to help. The broker’s team also supports international languages accessible via Live Chat, email, and phone lines in Australia, the UK, and internationally as well.
Trade Nation Overall Summary
It’s very refreshing to see a broker that is actually fully licensed and regulated such as Trade Nation. Not only are they regulated but they also have multiple by various world-leading financial hubs, which confirms a strong establishment base.
Their website is also impeccably done and it offers many possibilities to the user. Starting with frequently asked questions, to beginners guide, and all the way to the demo account and demo trading software. It’s safe to say, Trade Nation has thought of it all.
Not only do they cover the basic things but they also offer amazing education. No matter if you are a beginner or a veteran of the trading world, Trade Nation encourages you to expand your horizons with everything they have.
All in all, Trade Nation is a very good broker and if you are looking to start your trading journey and dip your feet into investment waters, this is the broker to do it with.
FAQs About Trade Nation Broker
Who Is Trade Nation Regulated By?
Trade Nation is regulated by many reputable regulatory bodies. FCA, ASIC, FSCA and SCB.
How Long Will It Take for My Account to be Approved?
As Trade Nation has stated, once you send all the needed documents, it takes one day.
What Account Types are Available at Trade Nation?
Trade Nation offers Individual accounts, Professional accounts, Corporate accounts, and Demo accounts.
What Trading Platform Does Trade Nation Use?
They offer web trading, desktop trader, and also mobile trader, which is available for IOS and Android.
Does Trade Nation Offer a Mobile Application?
Yes. They offer their in-house trading software CoreTrader2 via mobile application.