Short on time? Well, if you’re choosing between Trade Nation and FP Markets, you might want to opt for FP Markets for its competitive spreads, vast product range, and excellent customer support. However, Trade Nation stands out for its user-friendly platform and transparent fees. For more details, keep scrolling!
Key Takeaways
→FP Markets impresses with competitive spreads and a wide range of products |
→Trade Nation wins for platform simplicity and transparent cost structure |
→Both brokers are regulated and trustworthy, but differ in their unique offerings |
The Great Broker Showdown: FP Markets vs Trade Nation
Table of content
- The Great Broker Showdown: FP Markets vs Trade Nation
- 😎A Walk in the FP Markets Park
- 🌐Pros
- 💥Cons
- 🎯Straight Up, Trade Nation
- 👍Pros
- 🙃Cons
- Trading Platforms: The Engine Room of Any Broker
- 💼 FP Markets: MetaTrader’s Biggest Fan
- 🔧 Trade Nation: The King of Customization
- Customer Support: The Human Touch
- 👌 FP Markets: Round-the-Clock Service
- 👏 Trade Nation: Keeping it Personal
- The Regulatory Cuff: Trust and Security
- 🛡️FP Markets: Assembled by Top Regulators
- 👀Trade Nation: Double Checked and Ready
- Final Thoughts
- Frequently Asked Questions (FAQs)
- 🧐 What kind of trading platforms do FP Markets and Trade Nation offer?
- 😇 Are both FP Markets and Trade Nation regulated?
- 🤔 How good is the customer support of FP Markets and Trade Nation?
- 💰 What kind of trading products do these brokers offer?
- 🏆 Which broker is better for me, FP Markets or Trade Nation?
- Disclaimer And General Risk Warning:
- Author & Expert Trader - Financial Analyst:
When it comes to trading, making the right broker choice is just as important as predicting the market trend. Let’s dive deeper into the FP Markets and Trade Nation face-off.
82.8% of retail investor accounts lose money when trading CFDs with this provider.
By Bart Bregman
Fact checked: by Shrijan Dangol
Our broker rankings are based on thorough research and analysis. We put a strong emphasis on transparency, regulatory oversight, and client feedback.
(Data
last updated:
14-09-2023)
🏢Company Background:
Data | FP Markets | Trade Nation |
---|---|---|
Regulatory Compliance? | Yes | Yes |
Publicly traded company? | No | No |
Does it offer banking services? | No | Partner with a Swiss bank |
Year Founded | 2005 | Trade Nation was originally founded as Core Spreads in 2009 |
Country headquarters | Australia | UK |
Website Language Options | en, ar, de, es, fr, po, ru, viet, mal, it | EN, DE, FR, IT, ES, NL, PT, PL, CZ, BG, RU, TR, UA |
Separate Client Funds? | Yes | Yes |
Non-ESMA Branches Available? | No | Yes |
EU Clients Accepted? | Yes | Yes |
US Clients Accepted? | No | Yes |
Canadian Clients Accepted? | No | Yes |
➤ Elite Signals | Stock, Crypto, & Forex
Type of assets offered:
Data | FP Markets | Trade Nation |
---|---|---|
Forex (e.g. USDJPY or EURGBP) | Yes | Yes |
Options and futures (S&P500 Futures or Crude Oil Futures) | Yes | No |
Funds Van(ARK invest or BlackRock Equity Dividend) | No | No |
CFDs (Google Share in CFD form) | Yes | Yes |
Cryptos (BTC or ETH) | Yes | Yes |
Stocks and ETFs (TESL or AAPL) | Yes | Yes |
Commodities (Gold or Silver market) | Yes | Yes |
Beginner-friendly (demo-account access) | Yes | Yes |
Advanced /pro (High-frequency trading, algorithmic trading) | Yes, MT4/MT5 for Algo trading | No |
Binary option (note this is non-regulated trading, considers EXTREME risk) |
🏛️Tier 1 Regulatory Bodies:
Data | FP Markets | Trade Nation |
---|---|---|
FSA (Financial Services Authority) | (Body replaced by(FCA) in 2013) | (Body replaced by(FCA) in 2013) |
FCA (Financial Conduct Authority) | No | No |
MAS (Monetary Authority of Singapore) | No | No |
FINMA (Swiss Financial Market Supervisory Authority) | No | No |
CFTC (Commodity Futures Trading Commission) | No | No |
MIFID-ESMA (Markets in Financial Instruments Directive) | Yes | Yes |
ASIC (Australian Securities and Investments Commission) | Yes | Yes |
IIROC (Investment Industry Regulatory Organization of Canada) | No | No |
SFC (Securities and Futures Commission) | No | No |
🏛️Tier 2 Regulatory Authorities:
Data | FP Markets | Trade Nation |
---|---|---|
FMA (Financial Markets Authority) | No | No |
CBR (Central Bank of Russia) | No | No |
FSCA (Financial Sector Conduct Authority) | Yes | Yes |
SEC (Securities and Exchange Commission) | No | No |
DFSA (Dubai Financial Services Authority) | No | No |
CBRC (China Banking Regulatory Commission) | No | No |
CySEC (Cyprus Securities and Exchange Commission) | Yes | No |
ISA (Israel Securities Authority) | No | No |
🏛️Tier 3 Regulatory Oversight:
Data | FP Markets | Trade Nation |
---|---|---|
Offshore Regulators | No | Yes |
MMA (Maldives Monetary Authority) | No | No |
EDR (External Dispute Resolution) | No | Yes |
FSA (Seychelles Financial Services Authority) | No | No |
SCB (Securities Commission of The Bahamas) | No | Yes |
FSC (Financial Services Commission, Mauritius) | No | No |
VFSC (Vanuatu Financial Services Commission) | No | No |
IFSC (International Financial Services Commission, Belize) | No | No |
CIMA (Cayman Islands Monetary Authority) | No | No |
SVG (St. Vincent & Grenadines Financial Services Authority) | No | No |
FSRC (Financial Services Regulatory Commission, St. Kitts & Nevis) | No | No |
BMA (Bermuda Monetary Authority) | No | No |
BVI (British Virgin Islands Financial Services Commission) | No | No |
Max Leverage Options:
Data | FP Markets | Trade Nation |
---|---|---|
Leverage for Non-EU Clients | 500:1 | 1/500 |
European Leverage Limits | 30:1 | 30:1 |
Leverage in Australia | 30:1 | 2023-01-30 00:00:00 |
US Leverage Restrictions | 0 | 1970-01-01 01:30:00 |
Canadian Leverage Rules | 0 | Yes |
📂Account Offerings:
Data | FP Markets | Trade Nation |
---|---|---|
Demo Account Access | Yes | Yes |
Expiration of Demo Accounts | No | Yes |
Account Currency Choices | EUR, USD | EUR, USD, GBP, AUD, CAD, NZD, CHF, JPY |
Standard Accounts | Yes | Yes |
Micro-lots Accounts | Yes | Yes |
Low-cost Account (nano lots) | No | Yes, $50 |
Variable Spread Accounts | Yes | Yes |
Fixed Spread Accounts | No | Yes |
Zero Spread Accounts | No | No |
ECN Accounts | Yes | Yes |
Swap-Free Accounts | No | Yes |
Islamic Accounts | No | Yes |
Professional Trading Accounts | No | Yes |
Active Trader Rewards Program | No | Yes |
💰Deposits and Withdrawals:
Data | FP Markets | Trade Nation |
---|---|---|
Minimum Deposit Requirements | 100 | Yes, $50 |
Minimum Withdrawal Limits | No | Yes, $20 |
Credit Card Options | Yes | Visa, Mastercard, Maestro |
Bank Transfer Availability | Yes | yes |
PayPal Support | Yes | Yes |
Neteller Integration | Yes | Yes |
Skrill Compatibility | No | Yes |
Additional Payment Methods | Bank Transfer, Credit Card ,Neteller | Bank transfer, credit/debit card, PayPal, Skrill, Neteller, Sofort, iDeal, Giropay, EPS, Bancontact, Przelewy24, WebMoney, Qiwi, China UnionPay, cryptocurrencies |
Deposit Processing Time | 1 business day | Instant |
Withdrawal Processing Time | 1 business day | Yes |
Fees and Charges:
Data | FP Markets | Trade Nation |
---|---|---|
Deposit-related Fees | Yes | Yes |
Commissions on Withdrawals | No | No |
Overnight/Swap Charges | Yes | Yes |
Account Inactivity Fees | No | No |
Currency Conversion Costs | Yes | Yes |
Are bonus Programs Available? | No | Yes |
Security Protocols and Measures:
Data | FP Markets | Trade Nation |
---|---|---|
(2FA) available? | Yes | Yes |
(SSL) security? | Yes | Yes |
(AML) Policy Compliance | Yes | Yes |
Know Your Customer (KYC) | Yes | Yes |
🌐Brand Influence:
Data | FP Markets | Trade Nation |
---|---|---|
Twitter Follower Counts | 4935 | 4782 |
💹Forex Fixed Spreads:
Data | FP Markets | Trade Nation |
---|---|---|
EUR/GBP Spread Range | No | Yes |
EUR/USD Spread Range | No | Yes |
USD/JPY Spread Range | No | Yes |
GBP/USD Spread Range | No | Yes |
USD/CHF Spread Range | No | No |
AUD/USD Spread Range | No | Yes |
USD/CAD Spread Range | No | Yes |
NZD/USD Spread Range | No | Yes |
Trade Execution Methods:
Data | FP Markets | Trade Nation |
---|---|---|
Direct Market Access (DMA) | Yes | Yes |
Straight Through Processing (STP) | Yes | Yes |
Electronic Communication Network (ECN) Execution | Yes | Yes |
Market Maker Model | Yes | No |
Non-Dealing Desk (NDD) Approach | Yes | Yes |
First In, First Out (FIFO) Rule Application | No | Yes |
4-Digit Decimal Pricing | Yes | Yes |
5-Digit Decimal Pricing | Yes | No |
Order Types & Tools:
Data | FP Markets | Trade Nation |
---|---|---|
Stop Loss Orders | Yes | Yes |
Take Profit Orders | Yes | Yes |
Limit Orders | Yes | Yes |
Fill or Kill (FOK) Orders | Yes | Yes |
Trailing Stop Orders | Yes | Yes |
Margin Call Alerts | Yes | Yes |
One Cancels Other (OCO) Orders | No | Yes |
Guaranteed Stop Loss Orders | No | No |
Negative Balance Protection Measures | Yes | Yes |
Minimum Trade Sizes | 0.01 lots | Yes |
Maximum Trade Sizes | 100 lots | Yes |
Available Asset Classes:
Data | FP Markets | Trade Nation |
---|---|---|
Forex Currency Pairs | 70 | Yes |
Cryptocurrencies | 60 | Yes |
Commodities | 18 | Yes |
Equities | - | Yes |
Market Indices | 11 | Yes |
Exchange-Traded Funds (ETFs) | No | Yes |
Futures Contracts | No | No |
Options Contracts | No | No |
Bonds | No | No |
Metals | 4 | Yes |
Agricultural Products | No | No |
Energy Resources | 3 | Yes |
Interest Rates | No | Yes |
Penny Stocks | No | Yes |
Initial Public Offerings (IPOs) | No | No |
Asset Blends | No | Yes |
Dow Jones Index | No | Yes |
FTSE 100 Index | Yes | Yes |
DAX Index | Yes | Yes |
Nikkei 225 Index | Yes | Yes |
Gold Market Trading | Yes | Yes |
Special Account Features:
Data | FP Markets | Trade Nation |
---|---|---|
Multi-Account Manager (MAM) | Yes | No |
Percentage Allocation Money Management (PAMM) | Yes | No |
Social Trading Integration | No | Yes |
Copy Trading Support | Yes | No |
Lot Allocation Money Management (LAMM) | No | No |
Supported Trading Techniques:
Data | FP Markets | Trade Nation |
---|---|---|
Scalping Strategies | Yes | Yes |
Hedging Techniques | Yes | Yes |
Spread Betting Opportunities | No | Yes |
Automated Expert Advisor (EA) Integration | Yes | Yes |
Virtual Private Server (VPS) Options | Yes | Yes |
Application Programming Interface (API) Support | Yes | Yes |
Trading Tools and Features:
Data | FP Markets | Trade Nation |
---|---|---|
One-Click Trade Execution | Yes | Yes |
Signal Trading Availability | Yes | Yes |
Price Alert Notifications | Yes | Yes |
Number of Chart Indicators Offered | 51 | Yes |
Number of Chart Drawing Tools Provided | 31 | Yes |
Direct Trading From Charts | Yes | No |
Customizable Watchlist | Yes | Yes |
Mobile Trading Compatibility:
Data | FP Markets | Trade Nation |
---|---|---|
Android App | Yes | Yes |
iOS App | Yes | Yes |
Windows Mobile App | No | No |
Mobile Trading Signal Integration | Yes | Yes |
App for Smartwatches | No | Yes |
Forex Mobile Trading | Yes | Yes |
CFD Mobile Trading | Yes | Yes |
Alert Notifications on Mobile Devices | Yes | Yes |
Mobile Charting and Drawing Tools | Yes | Yes |
Languages Supported on Mobile App | en, chi | English, French, German, Spanish, Italian, Portuguese, Russian, Arabic, Turkish, Polish, Czech, Hungarian, Slovenian, Bulgarian, Romanian, Greek, Danish, Norwegian, Swedish, Finnish |
Watchlist Feature on Mobile App | Yes | Yes |
Commodity Offerings:
Data | FP Markets | Trade Nation |
---|---|---|
Crude Oil Trading | 0.03 | Yes |
Natural Gas Trading | No | Yes |
Silver Markets | 0.01 | Yes |
Platinum Trading | No | Yes |
Copper Trading | No | Yes |
Soybean Contracts | No | Yes |
Corn Markets | No | Yes |
Gold Markets | 0.78 | Yes |
Lithium Markets | Yes | Yes |
Stock Trading Fees:
Data | FP Markets | Trade Nation |
---|---|---|
Apple Shares | $0-$2.50 | $0-$2.50 |
Amazon (AMZN) Shares | $0-$2.50 | $0-$2.50 |
Invidia Shares | $0-$2.50 | $0-$2.50 |
META Shares | $0-$2.50 | $0-$2.50 |
Ford Motor Co Shares | $0-$2.50 | $0-$2.50 |
Alphabet (GOOGL) Shares | $0-$2.50 | $0-$2.50 |
BP Shares | $0-$2.50 | $0-$2.50 |
Tesco Shares | $0-$2.50 | $0-$2.50 |
Barclays Shares | $0-$2.50 | $0-$2.50 |
Lloyds Shares | $0-$2.50 | $0-$2.50 |
Adobe (ADBE) Shares | $0-$2.50 | $0-$2.50 |
Microsoft (MSFT) Shares | $0-$2.50 | $0-$2.50 |
Nvidia (NVDA) Shares | $0-$2.50 | $0-$2.50 |
Index Trading Fees:
Data | FP Markets | Trade Nation |
---|---|---|
FTSE 100 Fee Structure | 1.65 | Yes, 0.08% per trade |
S&P 500 Fee Structure | 0.54 | No |
Dow Jones Fee Structure | 3.56 | Yes |
Nasdaq Fee Structure | 1.56 | Yes |
CAC 40 Fee Structure | 1.96 | Yes |
DAX 30 Fee Structure | 1.73 | Yes |
Nikkei 225 Fee Structure | 8.74 | Yes |
Euro Stoxx 50 Fee Structure | 2 | Yes |
Cryptocurrency Trading Fees: Maker-Taker-Spread
Data | FP Markets | Trade Nation |
---|---|---|
Bitcoin Fees | 0.03%, 0.06%, Up to 2% | 0%, 0%, Up to 2% |
Ethereum Fees | 0.03%, 0.06%, Up to 2% | 0%, 0%, Up to 2% |
Ripple Fees | 0.03%, 0.06%, Up to 2% | 0%, 0%, Up to 2% |
Binance Coin Fees | 0.03%, 0.06%, Up to 2% | 0%, 0%, Up to 2% |
Cardano Fees | 0.03%, 0.06%, Up to 2% | 0%, 0%, Up to 2% |
Solana Fees | 0.03%, 0.06%, Up to 2% | 0%, 0%, Up to 2% |
Polygon Fees | 0.03%, 0.06%, Up to 2% | 0%, 0%, Up to 2% |
Dogecoin Fees | 0.03%, 0.06%, Up to 2% | 0%, 0%, Up to 2% |
Chainlink (LINK) Fees | 0.03%, 0.06%, Up to 2% | 0%, 0%, Up to 2% |
Polkadot (DOT) | 0.03%, 0.06%, Up to 2% | 0%, 0%, Up to 2% |
Avalanche (AVAX) | 0.03%, 0.06%, Up to 2% | 0%, 0%, Up to 2% |
Available Trading Platforms:
Data | FP Markets | Trade Nation |
---|---|---|
cTrader Desktop App | No | Yes |
cTrader Web Interface | No | No |
Mirror Trader Platform | No | No |
ZuluTrade Integration | No | Yes |
MT4 Desktop Interface | Yes | Yes |
MT4 Web Platform | Yes | Yes |
MT5 Desktop App | Yes | Yes |
MT5 Web Interface | Yes | Yes |
Tradingview | No | No |
Proprietary Desktop Software | Yes | No |
Proprietary Web-based Platform | No | Yes |
Mac-Compatible Platform Options | Yes | Yes |
Sirix Trading Platform | No | No |
Education Resources:
Data | FP Markets | Trade Nation |
---|---|---|
Education Offerings | Yes | Yes |
Webinar Offerings | Yes | Yes |
Platform Tutorial Videos | Yes | Yes |
Beginner-Level Trading Videos | Yes | Yes |
Expert-Level Trading Videos | No | Yes |
Tutorial guides | Yes | Yes |
Terminology Glossary | Yes | Yes |
Customer Support Options:
Data | FP Markets | Trade Nation |
---|---|---|
Callback Request Feature | No | Yes |
Email Support Availability | Yes | Yes |
Telephone Support | Yes | No |
Live Chat support | Yes | Yes |
Offered Support Languages | en, ar, chi(t/s), de, es, fr, po, thai, ko, ind, mal, it | Yes |
Research-Tools:
Data | FP Markets | Trade Nation |
---|---|---|
In-Depth Professional Reports | Yes | Yes |
Social Trading Features - Social Newsfeeds | No | Yes |
Economic Event Calendar | No | Yes |
Daily Email With Trading Ideas | Yes | Yes |
Analysis From Trading Central (Recognia) | No | Yes |
Analysis From Delkos Research | No | Yes |
AutoChartist Tool | No | Yes |
Trader Sentiment Metrics | No | Yes |
Twitter-Based News Updates | Yes | No |
Facebook-Based News Updates | Yes | No |
Daily Market Commentary | Yes | Yes |
😎A Walk in the FP Markets Park
Established in 2005, FP Markets has stayed the course, offering tight spreads, fast execution times, and a friendly interface. Some of its clients might even nickname it ‘Speedy Gonzales’! But that’s no surprise considering the ECN pricing it offers executing trades at lightning speed.
🌐Pros
Known for its vast product range including Forex, Indices, Commodities, Stocks, and Cryptocurrencies, FP Markets also prides itself on stellar customer support. The team is reachable via live chat, email, and phone – which is quite refreshing in an era of bots!
💥Cons
For all its strengths, the FP Markets’ mobile app lacks the refined touch of its web counterpart. Some users might find it less user-friendly, but as they say, ‘Beauty is in the eye of the app user’. Additionally, withdrawals could become speedier.
🎯Straight Up, Trade Nation
Stepping into the ring, we have Trade Nation that’s been checking traders’ ‘nation’ boxes since 2016. Known for its transparent pricing and hassle-free trading, it’s on a mission to simplify trading for everyone.
👍Pros
At Trade Nation, you’ll never feel like you’re hunting for a needle in a haystack. Navigating through its seamless interface is a breeze with well-organized categories. Plus, with zero hidden charges, this broker truly espouses ‘Honesty’s the best policy’.
🙃Cons
Trade Nation, however, falls behind in the product list variety compared to FP Markets. But, with its focus on simplicity over complexity, it has clearly chosen quality over quantity. For beginners, it’s the equivalent of a mother bird lovingly pushing her young out of the nest so they can learn to fly.
Trading Platforms: The Engine Room of Any Broker
For traders, the trading platform is like their cockpit, providing all the controls, indicators, and tools to navigate the market. Both FP Markets and Trade Nation understand this, and hence offer reliable and efficient trading platforms.
💼 FP Markets: MetaTrader’s Biggest Fan
FP Markets offers both the MetaTrader 4 and MetaTrader 5 platforms, acknowledged globally for their advanced features and extensive customisability. Developers are constantly innovating these platforms, striving to bedazzle traders with a Christmas tree of technical indicators, drawing tools, and timeframes to light up your trading strategy.
🔧 Trade Nation: The King of Customization
Trade Nation, on the other hand, presents its proprietary platform with an emphasis on user-friendliness. This platform is like a bespoke suit, designed with a wide array of customization options, allowing you to tailor its look and feel to match your trading style. Whether you prefer a ‘dark knight’ theme for night trading or ‘summer breeze’ pastels for chill trading days, Trade Nation has got you covered.
Customer Support: The Human Touch
Customer support can make or break a trading experience. While automated bots and FAQs are quick fixes, nothing compares to human interaction when you’re stuck between a rock and a hard trade.
👌 FP Markets: Round-the-Clock Service
FP Markets offers a 24/5 customer service with a live chat feature, ensuring that traders around the globe can access assistance when they need it. They treat every query with utmost importance, always ready to leap into action and save the trading day.
👏 Trade Nation: Keeping it Personal
Trade Nation provides a more personalized service, operating like the local diner where everyone knows your name. Not only does their customer support offer you a friendly ear, but they also help to resolve issues promptly and directly.
The Regulatory Cuff: Trust and Security
The world of financial trading is not the wild west, and every broker needs to be regulated to ensure a free, fair, and safe trading environment. Both FP Markets and Trade Nation understand this, boasting robust regulatory credentials.
🛡️FP Markets: Assembled by Top Regulators
FP Markets is regulated by the Australian Securities and Investments Commission (ASIC), among others, providing a layer of trustworthiness. It’s the Superman of trading platforms, wearing the regulatory checks and balances as a shield to protect its clients.
👀Trade Nation: Double Checked and Ready
Trade Nation is regulated by the UK Financial Conduct Authority (FCA) and the Securities Commission of The Bahamas (SCB), ensuring that it adheres to fair trading practices. Sleep easy at night knowing that your funds are in safe hands.
Final Thoughts
When deciding between FP Markets and Trade Nation, it’s not about which broker grips the championship belt. It’s about which one suits your trading style and needs. Both platforms serve particular markets and offer unique selling propositions, making them top choices for specific types of traders in 2023.
Frequently Asked Questions (FAQs)
🧐 What kind of trading platforms do FP Markets and Trade Nation offer?
FP Markets provides the MetaTrader 4 and MetaTrader 5 platforms, known for their advanced features and customization options. On the other hand, Trade Nation offers its own customized platform designed for ease of use and flexibility.
😇 Are both FP Markets and Trade Nation regulated?
Yes, FP Markets is regulated by the Australian Securities and Investments Commission (ASIC) and other authorities, ensuring a trustful trading environment. Likewise, Trade Nation is regulated by the UK Financial Conduct Authority (FCA) and the Securities Commission of The Bahamas (SCB), giving you peace of mind.
🤔 How good is the customer support of FP Markets and Trade Nation?
Both FP Markets and Trade Nation offer excellent customer service. FP Markets provides 24/5 customer support with a highly responsive live chat. Trade Nation offers personalized customer service to resolve your issues promptly.
💰 What kind of trading products do these brokers offer?
FP Markets offers a wide range of products from forex, indices, commodities, stocks to cryptocurrencies. Trade Nation may not match the diversity of FP Markets, but it ensures quality trading across its product range.
🏆 Which broker is better for me, FP Markets or Trade Nation?
The answer to this question really depends on your specific trading needs and style. FP Markets might be a better fit if you prioritize a broad range of products and competitive pricing. Trade Nation, however, could be your ideal choice if you value ease-of-use and transparency.
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