Desk file · 2026 edition · record confidence: high
Trade Nation
We opened the file on Trade Nation the way we open every file: register first, marketing never. Trading since 2014, run out of London, United Kingdom, and carrying 6 licence entries on the public record, 2 of them tier-1.
What the two desk scores say
Both are out of 10 and both are computed, not felt.
| Cost score | Priced off the spread basis below, not off a headline rate card. | not verified |
|---|---|---|
| Safety score | Weighted on licence tier and on how many of the entries we could re-read at source. | not verified |
| Cost per 10 lots | Ten round-turn EUR/USD lots priced at the spread basis, commission excluded. | $not verified |
Spread basis. . Nothing on this page is a live quote; a spread printed on a Tuesday afternoon is not the spread you get thirty seconds after a non-farm payroll release.
Licence entries, one row per entity
Every row links to the document we read it from.
| Regulator | Licence no. | Jurisdiction | Tier | Licensed entity | Source |
|---|---|---|---|---|---|
| FCA | 525164 | United Kingdom | T1 | Trade Nation Financial UK Ltd | tradenation.com |
| ASIC | AFSL 422661 | Australia | T1 | Trade Nation Australia Pty Ltd | tradenation.com |
| FSCA | FSP 49846 | South Africa | T2 | Trade Nation Financial (Pty) Ltd | tradenation.com |
| Securities Commission of The Bahamas | SIA-F216 | Bahamas | T3 | Trade Nation Ltd | tradenation.com |
| FSA Seychelles | SD150 | Seychelles | T3 | Trade Nation Financial Markets Ltd | tradenation.com |
| CMVM | 601 | Portugal | T2 | Trade Nation (Portugal) | tradenation.com |
Which entity actually holds your money is decided at signup, by the country on your application — not by the strongest licence in this table. Read the client agreement you are handed, then match the entity name against the row above.
What we were able to confirm
Confirmed at source
- Trade Nation Financial UK Ltd (company number 07073413) is authorised and regulated by the Financial Conduct Authority under firm reference number 525164.
- The group operates six regulated entities: UK (FCA 525164), Australia (AFSL 422661), South Africa (FSCA 49846), Bahamas (SCB SIA-F216), Seychelles (FSA SD150) and Portugal (CMVM 601).
- Trade Nation's own site dates the business from 2014.
- Trade Nation states its services are not directed at residents of the United States or countries outside the UK, Australia, South Africa, the Bahamas and Seychelles.
- The broker markets a fixed-spread pricing model on its own TN Trader platform alongside MT4.
- The FCA warning first published 30 August 2023 and last updated 13 September 2023 identifies tradenaus.com, tradenationfxs.com and pc.tradenationfx.cc as a clone firm; it names Trade Nation Financial UK Ltd (FRN 525164) as the genuine authorised firm and says the clone has no connection with it (https://www.fca.org.uk/news/warnings/tradenauscom-tradenationfxscom-pctradenationfxcc-clone-fca-authorised-firm).
Not verified
The following could not be traced to a primary source at the time of filing. We publish the gap rather than a number that would look tidier:
- minimum deposit
- maximum leverage
- EUR/USD spread
- full account type list
- segregated funds
- negative balance protection
| Founded | 2014 |
| Head office | London, United Kingdom |
| Minimum deposit | not verified |
| Leverage cap | |
| EUR/USD | not verified pips |
| Tier-1 entries | 2 |
| Record confidence | high |
Platforms and account types on file
Platforms
Account types
Markets
Other records open on the desk
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A desk file is a record of what the public register said on the day we read it, not a recommendation to open an account.