Overview
Regulation
The group holds five licences: FCA in the United Kingdom, ASIC in Australia, FSCA in South Africa, SCB in the Bahamas and FSA in Seychelles. Trade Nation operates in South Africa through Trade Nation Financial (Pty) Ltd, authorised and regulated by the FSCA under licence 49846. Client money is held in segregated accounts at South African banks including Absa and is ring-fenced from the firm's creditors.
Platforms and instruments
Trade Nation offers its own TN Trader platform, TradingView integration, MetaTrader 4 and the TradeCopier copy-trading service. The range covers more than 1,000 markets, including 35 forex pairs, 40 indices, hundreds of shares from South Africa, Europe and the United States, precious metals, energies, cryptocurrencies and bonds.
Trading conditions
Trade Nation offers a single retail CFD account with fixed spreads and no commission. The minimum deposit is R1,000 for the first deposit and R500 afterwards. Spreads on EUR/USD start at 0.5 pips during the main session; they are fixed within each trading session and widen during the one-hour rollover window at 22:00-22:59. Maximum leverage is 1:500 on major currency pairs, gold and silver, 1:200 on crosses and 1:50 on USD/ZAR, with lower leverage on cryptocurrencies. Negative balance protection applies to retail clients. Accounts can be opened in ZAR or USD.
Payments for clients from South Africa
Deposits are accepted by card, Apple Pay, local bank transfer (AO Pay, Swiffy, Callpay), Skrill, Neteller and cryptocurrency, in ZAR or USD. Trade Nation charges no deposit or withdrawal fees. Withdrawals use the same method as the deposit.
Withdrawals
- Cards and local bank transfers: usually instant
- E-wallets: usually within 1 business day
- Cryptocurrency: usually instant
The minimum withdrawal is 50 units of the account currency (R50 or $50). Trade Nation charges no withdrawal fee, though banks or payment providers may apply their own.
Localisation and support
The website and educational materials are in English, the primary language of financial services in South Africa. Support runs 24/5 through live chat, email and a support centre, with a local telephone line on +27 (10) 143 5569.
Public sources
TradingView: 4.7 out of 5 across 2,400 reviews. Trustpilot: 4.4 out of 5 across 1,914 reviews. No regulatory fines against Trade Nation are recorded.
Pros and cons
- South African rand (ZAR) account
- No broker fees on deposits and withdrawals
- Copy trading service
- Negative balance protection
- TradingView platform
- 1000+ trading instruments
Account types
Accounts available to clients from South Africa.
Spread shown for EUR/USD. Commission is round turn per lot.
Payment methods
Available deposit and withdrawal methods for clients from ZA.
Regulation & Licenses
File first with the broker: the Ombud takes a complaint only if the broker failed to resolve it within six weeks. Then escalate to the FAIS Ombud: faisombud.co.za, email [email protected], free for the complainant. The Ombud mediates and can award compensation up to R3.5 million (previously R800,000; the new limit applies to complaints received from 1 July 2024 and is not retrospective). Costs and interest fall outside the limit, and the limit itself can be exceeded if the responding party agrees in writing.