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Trade Nation: fines and regulatory action

The table covers every licensed company in the Trade Nation group: the regulator searched at each one, what the search turned up and the date it was run. Links open the regulator’s own section, or the decision itself where there is one.

The search runs across the whole group. A decision against a sister company does not apply to the entity that opens your account, but it stays on the group’s record.

Clients in this region are served by Trade Nation Financial (Pty) Ltd under licence FSCA FSP 49846.

Checked on August 1, 2026

Source	Entity	What came back
FSCASouth Africa	Trade Nation Financial (Pty) LtdFSP 49846serves this region	November 2022fine30,000 ZARAn administrative penalty of R30,000 imposed jointly and severally on the firm and its key individual Nicholas Sproule for operating as an over-the-counter derivative provider (ODP) without authorisation, contrary to section 111(1) of the Financial Sector Regulation Act 2017 read with section 2 of the ODP Regulations. Order 517/2022, payable within 30 days. The heading of the order misspells the company as Trade National Financial; the decision itself spells it correctly.Document
ASICAustralia	Trade Nation Australia Pty LtdAFSL 422661	No records found for this entityGo to source
FCAUnited Kingdom	Trade Nation Financial UK LtdFRN 525164	August 2023clone firm warningWarning about tradenaus.com, tradenationfxs.com and pc.tradenationfx.cc, unauthorised sites posing as this firm. The notice was last updated on 13 September 2023. The warning targets the clone, not the broker.Document February 2023clone firm warningWarning about Tradenationltd / Tradesnation / Tradenation.ltd (tradenationltd.com, tradesnation.co.uk, tradenation.ltd), unauthorised sites posing as this firm. The notice was last updated on 16 February 2023. The warning targets the clone, not the broker.Document May 2019clone firm warninghksvf (hksvf.com) held itself out as an FCA-authorised firm, quoting this entity’s registration details under its former name, FINSA Europe Ltd. Last updated on 21 November 2020.Document January 2019clone firm warningFXTrade777 held itself out as an FCA-authorised firm, quoting this entity’s registration details under its former name, FINSA Europe Ltd. Last updated on 21 November 2020.Document
FSASeychelles	Trade Nation Financial Markets LtdSD150	No records found for this entityGo to source
SCBBahamas	Trade Nation LtdSIA-F216	No records found for this entityGo to source

FSCASouth Africa
Trade Nation Financial (Pty) LtdFSP 49846serves this region
- November 2022fine30,000 ZARAn administrative penalty of R30,000 imposed jointly and severally on the firm and its key individual Nicholas Sproule for operating as an over-the-counter derivative provider (ODP) without authorisation, contrary to section 111(1) of the Financial Sector Regulation Act 2017 read with section 2 of the ODP Regulations. Order 517/2022, payable within 30 days. The heading of the order misspells the company as Trade National Financial; the decision itself spells it correctly.Document
ASICAustralia
Trade Nation Australia Pty LtdAFSL 422661
No records found for this entityGo to source
FCAUnited Kingdom
Trade Nation Financial UK LtdFRN 525164
- August 2023clone firm warningWarning about tradenaus.com, tradenationfxs.com and pc.tradenationfx.cc, unauthorised sites posing as this firm. The notice was last updated on 13 September 2023. The warning targets the clone, not the broker.Document
- February 2023clone firm warningWarning about Tradenationltd / Tradesnation / Tradenation.ltd (tradenationltd.com, tradesnation.co.uk, tradenation.ltd), unauthorised sites posing as this firm. The notice was last updated on 16 February 2023. The warning targets the clone, not the broker.Document
- May 2019clone firm warninghksvf (hksvf.com) held itself out as an FCA-authorised firm, quoting this entity’s registration details under its former name, FINSA Europe Ltd. Last updated on 21 November 2020.Document
- January 2019clone firm warningFXTrade777 held itself out as an FCA-authorised firm, quoting this entity’s registration details under its former name, FINSA Europe Ltd. Last updated on 21 November 2020.Document
FSASeychelles
Trade Nation Financial Markets LtdSD150
No records found for this entityGo to source
SCBBahamas
Trade Nation LtdSIA-F216
No records found for this entityGo to source

How to read the table. A row with no records means our search of that regulator’s publications on that date came back empty. That is not confirmation of a clean record: a decision lands years after the conduct it concerns, and regulators differ a lot in how much they put on the public record. Any row can be rechecked through its link.