By Nathan Ferguson
Trade Nation Review
Trade Nation, previously called Core Spreads, is a new brokerage firm that was established in 2019. The broker focuses on stock CFD trading and provides users with a customizable trading platform that is simple to use even for newcomers. This Trade Nation review will cover key features of this broker.
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Its offices are located in Australia, the United Kingdom, South Africa, and the Bahamas. Excluding the United States, Canada, Belgium, Sudan, and a few other nations where trading on the currency market is illegal, Trade Nation allows customers from all around the world. Let’s start.
Fund’s Security
All customer money is kept separately from broker’s funds in top-tier banks in specific segregated accounts. Furthermore, in the event that the broker goes bankrupt, the funds of UK consumers are covered up to £85,000. So, you don’t have to fear losing your funds with this broker.
Trade Nation’s maximum leverage
Trading conditions differ depending on the customer’s country of residency because the broker is authorized by several authorities across the world. Customers from Australia, the United Kingdom, and the European Union, for example, will be restricted from using leverage until 1:30 in compliance with ESMA and ASIC regulations. Other foreign customers trading in the broker’s Bahamas offshore office can utilize the leverage of up to 1:200 on some of the most volatile assets.
However, registering with a brokerage outside of the abovementioned areas, for example, utilizing a VPN during the signup process, is one approach to get around regulatory limits on leverage. However, various remedies connected to regulation and supervision, such as security against loss of investments in the case of a broker’s bankruptcy, will be abandoned as a result of this.
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Trading Instruments
Looking at the offered trading assets, it’s evident that stock trading is Trade Nation’s main focus. The company offers CFDs on shares of thousands of companies based in the United States, the United Kingdom, the European Union, and Australia. There’s also the standard variety of currency pairs, stock indices, and bonds.
It’s worth noting that Trade Nation is the sole broker that doesn’t offer cryptocurrency to its customers. In addition, the broker has a section on his website dedicated to explaining why it feels cryptocurrencies are unsuitable for traders, referring to this form of trading as “just gambling.”
Even excluding cryptocurrencies Trade Nation offers access to various markets that traders can easily diversify his or her portfolio.
Trading Platforms
Trade Nation’s main trading platform is a customized web platform that is simple to use even for newbies. The platform gives users access to all of the broker’s tools. However, expert traders should be aware that the interface may be too simple for them. In this scenario, Trade Nation still offers the original MT4 platform for CFD trading, however, it is not extensively publicized on the broker’s homepage.
Fixed Spreads
For the most popular currency pair EUR/USD, Trade Nation provides a dedicated trading account with a small fixed spread of 0.6 pips. Trade Nation is among the few firms that emphasize fixed spreads above floating spreads. The broker explains this by stating that fixed spreads are always the same during trading hours and during the publication of major economic information, ensuring complete transparency. Floating spreads may appear low at first look, but they can quickly expand later.
Minimum Deposit
When it comes to funding your brokerage account, Trade Nation provides a straightforward option of deposit options. At the time, credit card and debit cards, bank transfers, and the Skrill e-wallet are the only options. There is no specific limit for the minimum deposit necessary to begin trading with the broker.
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Conclusion
The broker’s move from the formerly named Core Spreads to Trade Nation was a success. The firm’s website has much material aimed at customers’ training and education. . We can also highlight a straightforward and user-friendly web interface that makes Forex trading accessible to even the most inexperienced traders.
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