Trade Nation Review

Overall, Trade Nation is considered a low-risk and can be summarised as trustworthy and competitive. Trade Nation is regulated by the top-tier DFSA, FCA, and ASIC. Trade Nation offers two retail accounts. Trade Nation is currently one of the top-rated platforms with a Trust Score of 80% out of 100.

Updated : July 21, 2022

Jump to:

Regulation and Safety of Funds

Account Types and Features

Account Registration

Trading Platforms

Range of Markets


Deposits and Withdrawals

Education and Research

Affiliate Program

Final Verdict

Pros and Cons


Overall Rating

Min Deposit




Trading Desk



Total Pairs


Islamic Account


Trading Fees


Account Activation Time

24 Hours

Trade Nation Overview

Trade Nation Review Overview

👉 Overall, Trade Nation is considered average risk, with an overall Trust Score of 80 out of 100. Trade Nation is licensed by two Tier-1 Regulators (high trust), one Tier-2 Regulator (average trust), and one Tier-3 Regulator (low trust). Trade Nation offers one retail trading account with two live trading options namely a Low Leverage Account and a High Leverage Account.


👉 Established in 2014 as Core Spreads and rebranded to Trade Nation in 2019, Trade Nation provides you with the tools and services that will assist you in maximizing your potential by allowing you to focus on the things that are most important to you.


👉 They give you a variety of learning materials to aid you in improving your trading knowledge and abilities, in addition to providing customer assistance that is available 24 hours a day, seven days a week to assist you as needed.


👉 With Trade Nation, there is no such thing as a minimum deposit; all you need is enough money to fulfil the margin requirements of the trade you want to make.


👉 Trade Nation also takes immense pride in the fact that they are one of the extremely limited numbers of suppliers of global financial trading services that give consumers fixed spreads.


👉 This Trade Nation review for Rwanda will provide local retail traders with the details that they need to consider whether Trade Nation is suited to their unique trading objectives and needs.


👉 Trade Nation accepts Rwandan clients and has an average fixed spread from 0.4 pips with zero commission fees. Trade Nation has a maximum leverage ratio up to 1:30 (Low Leverage Account) and 1:200 (High Leverage Account) and there is a demo account available, but no Islamic Account.


👉 Trade Nation Proprietary platforms and MetaTrader 4 are supported. Trade Nation is headquartered in London and is regulated by FCA, ASIC, FSCA, and SCB.


Trade Nation Distribution of Traders

Trade Nation Review Distribution of Traders

👉 Trade Nation currently has the largest market share in these countries:

➡️ South Africa – 24.6%

➡️ Philippines – 15.1%

➡️ United Kingdom – 14.8%

➡️ Italy – 11.8%

➡️ France – 7.6%


Popularity among traders who choose Trade Nation

👉 Currently, Trade Nation does not have an extraordinarily big market share in the derivatives market of Rwanda.


👉 However, Trade Nation is becoming more well-known in African nations as a robust trading platform and broker. Subsequently, Trade Nation is ranked among the Top 30 brokers for retail traders in Rwanda.

Trade Nation at a Glance

🏙 HeadquarteredLondon, United Kingdom
🏛 Global OfficesUnited Kingdom, Australia, South Africa, Bahamas
💻 Local Market Regulator in RwandaThe National Bank of Rwanda (BNR)
💸 Foreign Direct Investment in Rwanda99.92 USD Million in 2020
🔄 Foreign Exchange Reserves in Rwanda1,806 million US dollars in 2020
🏛 Local office in Kigali?No
👨‍⚖️ Governor of SEC in RwandaNone, John Rwangombwa is the Governor of the National Bank of Rwanda
✔️ Accepts Rwandan Traders?Yes
🗓 Year Founded2014
☎️ Rwandan Traders Office Contact NumberNone
📲 Social Media Platforms• Twitter
• Facebook
• Instagram
• YouTube
• LinkedIn
⚖️ RegulationFCA, ASIC, FSCA, SCB
1️⃣ Tier-1 Licenses• Financial Conduct Authority (FCA)
• Australian Securities and Investment Commission (ASIC)
2️⃣ Tier-2 Licenses• Financial Sector Conduct Authority (FSCA)
3️⃣ Tier-3 Licenses• Securities Commission of Bahamas (SCB)
🪪 License Number• United Kingdom – 525164
• Australia – ABN 93 158 065 635, AFSL 422661
• South Africa – 2018/418755/07, FSP 49846
• Bahamas – 203493 B, SIA-F216
⚖️ BNR RegulationNone
🏛 Global RestrictionsUnited States
☪️ Islamic AccountNo
💻 Demo AccountYes
🛍 Retail Investor Accounts2
✔️ PAMM AccountsNo
💵 Liquidity ProvidersBarclays
💰 Affiliate ProgramYes
➡️ Order ExecutionInstant, Market
📊 Starting spreadFrom 0.4 pips on US Futures
💸 Minimum Commission per TradeNone
💵 Decimal Pricing5th decimal pricing after the comma
📞 Margin Call100%
🛑 Stop-Out50%
📉 Minimum Trade Size0.01 lots
📈 Maximum Trade Size50 lots
💰 Crypto trading offered?No
✔️ Offers an RWF Account?No
👥 Dedicated Rwandan Traders Account Manager?No
📊 Maximum Leverage• 1:30 (FCA, ASIC)
• 1:200 (FSCA, SCB)
📈 Leverage Restrictions for Rwanda?None
💵 Minimum Deposit (RWF)0 Rwandan Franc
✔️ Rwandan franc Deposits Allowed?No, only GBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, and SE
📊 Active Rwandan Traders Trader Stats50,000+
👥 Active Rwandan Traders-based Trade Nation customersUnknown
🔄 Rwanda Daily Forex TurnoverUnknown, the overall trading volume of over $6.6 trillion
💰 Deposit and Withdrawal Options• Credit Card
• Debit Card
• Bank Wire Transfer
• Bank Transfers
• Skrill
📉 Minimum Withdrawal Time1 business day
📈 Maximum Estimated Withdrawal TimeUp to 5 Business days
💰 Instant Deposits and Instant Withdrawals?No
🤝 Segregated Accounts with Rwandan Traders Banks?No
💻 Trading Platforms• Trade Nation
• MetaTrader 4
💵 Tradable Assets• Forex
• Indices
• Differentials
• Energies
• Precious Metals
• Bonds
• Share CFDs
• Futures
💸 Offers USD/RWF currency pair?No
📊 USD/RWF Average SpreadN/A
✅ Offers Rwandan Traders Stocks and CFDsNo
📖 Languages supported on the WebsiteEnglish
📘 Customer Support LanguagesMultilingual
🗣 Copy Trading SupportYes
⏰ Customer Service Hours24/5
📞 Rwandan Traders-based customer support?No
💰 Bonuses and Promotions for Rwandan TradersNo
📚 Education for Rwanda beginner tradersYes
📱 Proprietary trading softwareNo
🏅 Most Successful Rwandan TraderUnknown
✔️ Is Trade Nation a safe broker for Rwandan Traders?Yes
🎖 Rating for Trade Nation Rwanda6/10
🥇 Trust score for Trade Nation Rwanda80%
👉 Open An Account👉 Open Account

Trade Nation Regulation and Safety of Funds

Trade Nation Review Regulation And Safety

Trade Nation Regulation in Rwanda

👉 The National Bank of Rwanda (BNR) does not currently regulate Trade Nation locally. However, Trade Nation has licenses with four other market regulators in South Africa, the United Kingdom, the Bahamas, and Australia.


Trade Nation Global Regulations

👉 Trade Nation is regulated and overseen by four market regulators in different regions where the broker operates through different business entities. These are as follows:

➡️ In the United Kingdom, the Financial Conduct Authority has issued Trade Nation Financial UK Ltd. The necessary regulations and licensing to offer services and financial products to traders.

➡️ In Australia, the Tier-1 regulator the Australian Securities and Investments Commission (ASIC) oversees the operations of Trade Nation Australia (Pty) Ltd.

➡️ In South Africa, the Tier-2 regulator the Financial Sector Conduct Authority (FSCA) oversees and regulates Trade Nation Financial (Pty) Ltd as a verified Financial Services Provider.

➡️ In the Bahamas, the Securities Commission of the Bahamas (SCB), a Tier-3 market regulator, oversees and monitors Trade Nation Ltd.


Trade Nation Client Fund Security and Safety Features

Trade Nation Client Fund Security and Safety Features

👉 Trade Nation customer funds are held in segregated accounts that are kept with two of the largest, safest banks in the world, namely Barclays Bank and Westpac.


👉 Barclays Bank in London and Westpac in Australia hold onto client monies that have been transferred to Trade Nation. Barclays Bank holds client funds deposited to Trade Nation Financial UK Ltd., with Westpac holding funds paid to Trade Nation Australia (Pty) Ltd.


👉 Trade Nation abides by all laws and rules that are in effect, especially those that are related to the protection of client money, without participating in any action that might be considered unlawful.


👉 Customers who are situated in the United Kingdom have access to investment protection solutions that have a value of up to £85,000.

Trade Nation Awards and Recognition

👉 Trade Nation is a reputable and well-regulated broker with a worldwide reputation. However, there is no indication of any honours or accolades that Core Spreads (2014 to 2019) and Trade Nation (2019 to present) have received.

Trade Nation Account Types and Features

Trade Nation Review Account Types

👉 Trade Nation has just one retail investor account, but that account offers two separate leverage options:

➡️ Low Leverage Account (1:30)

➡️ High Leverage Account (1:200)


👉 While these are the two alternatives, the account type that traders may open is governed by their country of residence and the regulation under which they are registered. Traders who open a trading account with Trade Nation under FSCA or SCB regulation may choose the 1:200 account.


👉 Due to rigorous constraints, traders who come under the jurisdiction of ASIC or the FCA cannot register for the 1:200 leverage account and must settle for the 1:30 account. Trade Nation provides traders with a variety of currencies that may be designated as the account default, including:

➡️ GBP

➡️ EUR

➡️ USD

➡️ CHF

➡️ AUD

➡️ JPY

➡️ ZAR

➡️ NGN

➡️ DKK

➡️ NOK

➡️ SEK

💻 Live Account💰 Minimum Dep.📊 Average Spread💸 Commissions💵 Average Trading Cost
➡️ Low Leverage0 UGX0.6 pipsNone6 USD
➡️ High Leverage0 UGX0.6 pipsNone6 USD


Trade Nation Live Trading Account Details

Low Leverage Account

👉 As the name suggests, this account is suited for those who fall under the FCA and ASIC regulations and who are not allowed to use leverage higher than 1:30. This ensures that, despite the restrictions on leverage, traders in these regions can still access competitive trading conditions.


👉 The typical features that traders can expect from this account type are as follows:

Account FeaturesValue
💰 Minimum Deposit0 RWF
📊 Average Spreads on EUR/USD• 7 am – 0.6 pips
• 10 pm – 4 pips
• 11 pm – 0.6 pips
📈 Maximum Leverage1:30
💳 Account CurrenciesGBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, SEK
💵 Commission ChargesNone, included in the spread
📊 Decimal Pricing5th Decimal Pricing after the comma
🔨 Trading Instruments• Forex
• Indices
• Differentials
• Energies
• Precious Metals
• Bonds
• Share CFDs
• Futures
📈 Minimum Staking Size• GBP – 0.5 lots
• EUR – 0.5 lots
• USD – 0.5 lots
• CHF – 1 lot
• AUD – 1 lot
• JPY – 100 lots
• ZAR – 0.5 lots
• NGN – 50 lots
• DKK – 1 lot
• SEK – 1 lot
• NOK – 1 lot
📊 Margin Requirement• US 500 – 5%
• Gold – 5%
• UK100 – from 20%
• EUR/USD – 3.33%
• Crude Oil – 10%
• US Tech 100 – 5%
✔️ Copy Trading SupportYes
💻 Trading Platforms Offered• Trade Nation
• MetaTrader 4


High Leverage Account

👉 This account’s leverage ratio is its main feature. Because FSCA and SCB standards are less strict than FCA and ASIC, this account is exclusively available to traders registered with those two regulatory entities.


👉 Because of increased leverage risks, this account is suitable for experienced traders who know how to manage their risk exposure more effectively.

Account FeaturesValue
💰 Minimum Deposit0 RWF
📊 Average Spreads on EUR/USD• 7 am – 0.6 pips
• 10 pm – 4 pips
• 11 pm – 0.6 pips
📈 Maximum Leverage1:200
💳 Account CurrenciesGBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, SEK
💵 Commission ChargesNone, included in the spread
📊 Decimal Pricing5th Decimal Pricing after the comma
🔨 Trading Instruments• Forex
• Indices
• Differentials
• Energies
• Precious Metals
• Bonds
• Share CFDs
• Futures
📈 Minimum Staking Size• GBP – 0.5 lots
• EUR – 0.5 lots
• USD – 0.5 lots
• CHF – 1 lot
• AUD – 1 lot
• JPY – 100 lots
• ZAR – 0.5 lots
• NGN – 50 lots
• DKK – 1 lot
• SEK – 1 lot
• NOK – 1 lot
📊 Margin Requirement• US 500 – 0.5%
• Gold – 0.5%
• UK100 – from 5%
• EUR/USD – 0.5%
• Crude Oil – 3%
• US Tech 100 – 0.5%
✔️ Copy Trading SupportYes
💻 Trading Platforms Offered• Trade Nation
• MetaTrader 4


Trade Nation Base Account Currencies

Trade Nation does not allow Rwandan traders to create live trading accounts in RWF, but it does provide live trading accounts in GBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, and SEK.

As a result, Rwandan traders who hold bank accounts in RWF and make deposits in local currency may be charged currency conversion fees for deposits or withdrawals made in Rwandan Francs.

This adds to an increase in total trade expenses and could influence profitability.


Trade Nation Demo Account

Trade Nation Review Demo Account

👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital. 


👉 There is a certain degree of risk involved when trading financial markets and Trade Nation offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.


👉 Rwandan traders may sign up for a free trial account with Trade Nation. The demo account could be used to test your trading techniques and familiarize yourself with the broker’s trading platform, goods, and services.


👉 You can quickly learn what each step entails and what the foreign vocabulary and ideas mean using the Trade Nation simulator, allowing you to effectively execute trades in actual marketplaces.


👉 To use the Trading Simulator, you do not need to be a Trade Nation client or have a login.


Trade Nation Islamic Account

Trade Nation Islamic Account

👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.


👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.


👉 Muslim traders are not catered to by Trade Nation, which does not provide halal trading conditions or an Islamic Account that exempts Muslims from overnight interest or fees.


👉 To avoid being charged these fees, traders must ensure that their holdings are liquidated after the trading day has ended.

How to open an Account with Trade Nation in Rwanda

👉 To register an account with Trade Nation, Rwandan traders can follow these steps:

➡️ Go to Trade Nation’s official website and from the homepage, pick the option to create an account.

➡️ Fill out the online application with your personal information, contact information, financial and job status, country of residence and regulatory entity, and overall trading experience and financial expertise.

➡️ Confirm your identity and residence address by uploading supporting papers, such as a driver’s license, a copy of your passport, or a copy of any government-issued ID document. You may confirm your residence address by uploading a utility bill or credit card statement that includes your name, surname, and address.

➡️ After the papers and information that you submitted are validated, the account will be authorized, enabling you to deposit any amount to begin trading.

Trade Nation Vs Pepperstone Vs HF Markets – Broker Comparison

🥇 Trade Nation🥈 Pepperstone🥉 HF Markets
⚖️ RegulationFCA, ASIC, FSCA, SCBASIC, BaFin, CMA, CySEC, DFSA, FCA and SCBFSCA, CySEC, DFSA, FSA, FCA, FSC, and CMA with registration in ACPR, BaFin, MNB, CONSOB, CNMV, FI, FMA, FSC, and other regions
💻 Trading Platform• MetaTrader 4
• Trade Nation
• MetaTrader 4
• MetaTrader 5
• cTrader
• TradingView
• Myfxbook
• DupliTrade
• MetaTrader 4
• MetaTrader 5
• HF App
💵 Withdrawal FeeNoNoNo
✔️ Demo AccountYesYesYes
💰 Min Deposit0 RWF140,000 RWF5,100 RWF
📊 Leverage• 1:30
• 1:200
📈 SpreadFixed, from 0.4 pipsVariable, from 0.0 pips0.0 pips
💸 CommissionsNoneFrom AU$7$3 to $4
🛑 Margin Call/Stop-Out100%/50%90%/20%• 40%/10%
• 50%/20%
📲 Order ExecutionInstant, MarketMarketMarket
✔️ No-Deposit BonusNoNoNo
✅ Cent AccountsNoNoNo
💻 Account Types• High leverage
• Low Leverage
• Standard Account
• Razor Account
• Micro Account
• Premium Account
• Nigeria HFcopy Account
• Nigeria Zero Spread Account
• Auto Account
⚖️ BNR RegulationNoNoNo
💵 RWF DepositsNoNoNo
✔️ Rwandan franc AccountNoNoNo
📞 Customer Service Hours24/524/524/5
🛍 Retail Investor Accounts225
☪️ Islamic AccountNoYesYes
📉 Minimum Trade Size0.01 pips0.01 lots0.01 lots
📈 Maximum Trade Size50 lots100 lots60 lots
📊 Minimum Withdrawal Time1 business day1 business day10 Minutes
⏱ Maximum Estimated Withdrawal TimeUp to 5 Business daysUp to 7 Business days10 business days
✔️ Instant Deposits and Instant Withdrawals?NoNoNo

Overall Rating

Min Deposit




Trading Desk



Total Pairs


Islamic Account


Trading Fees


Account Activation Time

24 Hours

Trade Nation Trading Platforms

Trade Nation Review Trading And Non-Trading Fees

👉 Trade Nation offers Rwandan Traders a choice between these trading platforms:

➡️ MetaTrader 4


👉 Trade Nation provides its clients with access to the popular MetaTrader 4 (MT4) platform in addition to a unique trading platform on the web and mobile.


👉 The MT4 trading platform is a complicated trading environment that is also user-friendly, and it is used by millions of CFD and FX traders worldwide.


👉 The MT4 platform has several built-in tools that could be used to perform in-depth market analysis and participate in complicated trading, providing Rwandan traders significant amounts of versatility in achieving their trading objectives.


WebTrader Platforms

Trade Nation Review WebTrader Platforms

➡️ MetaTrader 4

➡️ Trade Nation


MetaTrader 4

👉 The MT4 platform can handle even the most complicated transactions and can be accessed from a wide range of platforms, such as most web browsers on desktop computers, tablets, iPads, smartphones, and other internet-connected devices.


👉 There are so many tools for traders to choose from, and more are being made all the time, that many of them only use a few tools. Traders can also find unique tools and add-ons in the built-in marketplace, and users can make their own indicators and add-ons using the MQL editor.


Trade Nation

👉 Trade Nation also offers the Trade Nation trading platform, which is a patented technology that allows you to easily access financial markets. The platform assists you in focusing on the most crucial aspects of your life to maximize your potential.


👉 The Trade Nation platform’s sophisticated charting capabilities and slick user design will appeal to advanced Rwandan traders.


👉 There are 12 diverse kinds of interactive graphs in the program, as well as sketching tools and the option to switch between a one-minute and one-month timeline. Another simple strategy to cut losses is to set up orders that guarantee deals that exceed your risk appetite are swiftly stopped.


Trading App

Trade Nation Review Trading App

➡️ MetaTrader 4

➡️ Trade Nation


MetaTrader 4

👉 Trade Nation offers MetaTrader 4 for iOS and Android smartphones in addition to the extensive trading platforms given by MetaTrader 4 online and desktop editions.


👉 This provides Rwandan traders with the mobility they need to trade and maintain their trading accounts while they are away from other terminals.


Trade Nation

👉 You can also get the Trade Nation mobile app, which is compatible with both Android and iOS smartphones. This is advantageous for those of you who want to trade on the move using a mobile phone since it allows you to connect to the markets and carry out trading activities easily.


👉 You could use the mobile app to keep track of not only your holdings but also the current situation of the markets at any time. Price alert alerts may also be set up, saving you from having to spend an entire day staring at charts in anticipation of hitting your preferred price level.

Trade Nation Range of Markets

Trade Nation Review Range of Markets

👉 Rwandan Traders can expect the following range of markets from Trade Nation:

➡️ Indices

➡️ Stocks

➡️ Precious Metals

➡️ Forex

➡️ Commodities

➡️ Energies

➡️ CFDs


Financial Instruments and Leverage offered by Trade Nation

🔨 Instrument✔️ Number of Assets Offered📈 Maximum Leverage Offered
➡️ Forex33• FSCA, SCB: 0.5%
• FCA, ASIC: 3.33%
➡️ Precious Metals7• FSCA, SCB: 0.5%
• FCA, ASIC: 5%
➡️ Indices13• FSCA, SCB: 0.5%
• FCA, ASIC: 5%
➡️ Share CFDs2,000+• FSCA, SCB: 5%
• FCA, ASIC: 20%
➡️ Differentials8• FSCA, SCB: 0.5%
• FCA, ASIC: 5%
➡️ Futures10• FSCA, SCB: 1%
• FCA, ASIC: 10%
➡️ Energies2• FSCA, SCB: 3%
• FCA, ASIC: 10%
➡️ Bonds3• FSCA, SCB: 0.5%
• FCA, ASIC: 20%

Broker Comparison for Range of Markets

🥇 Trade Nation🥈 Pepperstone🥉 HF Markets
➡️️​ ForexYesYesYes
➡️️​ Precious MetalsYesYesNo
➡️️​ ETFsNoNoNo
➡️️​ CFDsYesYesYes
➡️️​ IndicesYesYesYes
➡️️​ StocksYesYesYes
➡️️​ CryptocurrencyNoNoNo
➡️️​ OptionsNoNoNo
➡️️​ EnergiesYesYesYes
➡️️​ BondsNoNoYes

Trade Nation Trading and Non-Trading Fees


Trade Nation Review Spreads

👉 The predetermined spread paid by Trade Nation allows traders to calculate precisely how much profit they will make at any given moment. Changes in market conditions do not affect this spread. The expenses of Trade Nation’s spreads are as follows:

💰 Financial Instrument✅ Average Spreads
EUR/USD0.6 pips
GBP/USD0.8 pips
USD/JPY0.7 pips
Gold0.4 pips
Crude Oil3 pips
Wall Street 301 pip
US Tech 100 (Nasdaq)0.8 pips




👉 Throughout the trading day, Trade Nation applies various spreads to different transactions at various times.


👉 Because the spread already includes the cost of Deal Nation’s services in arranging the trade, traders are not obliged to pay commission fees to cover the cost of Trade Nation’s services in arranging the trade.


Overnight Fees, Rollovers, or Swaps

Trade Nation Review Overnight Fees

👉 Brokers often charge an overnight fee when traders leave positions open for more than 24 hours. According to the financial instrument being exchanged, Trade Nation’s overnight fees are set by the 1-month interbank rate.


👉 Trade Nation, for example, employs the 1-Month LIBOR plus an extra 2.5% and 1.25% when trading GBP. If a trader’s short (sell) position goes below 2.5%, the percentage will be deducted from the trading account.


👉 If the interbank rate goes below 1%, Trade Nation will deduct this from the 2.5%, resulting in traders receiving 1.5% credit.


👉 Rwandans can register for a demo account and check the overnight costs charged/paid by Trade Nation on the Trade Nation or MetaTrader 4 platforms.


Deposit and Withdrawal Fees

👉 Trade Nation does not charge any fees for any of the payment methods used by Rwandan traders, whether it is for deposits or withdrawals. However, Rwandans could be subject to fees imposed by financial institutions, which they will be responsible for paying.


Inactivity Fees

👉 Brokers levy inactivity fees after a live trading account has been inactive for a certain time, usually 3 months or more. When this occurs, the broker charges a fee to keep the account active, and the account is immediately cancelled whenever the trading account balance reaches zero.


👉 Even though a live trading account becomes inactive, Trade Nation does not impose an inactive fee.


Currency Conversion Fees

Currency Conversion Fees

👉 Since Trade Nation only offers GBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, and SEK as the base currencies for a live trading account, Rwandan traders who deposit or withdraw in RWF could be subject to currency translation charges.

Trade Nation Deposits and Withdrawals

Trade Nation Review Deposits And Withdrawals

👉 Trade Nation offers the following deposit and withdrawal methods:

➡️ Credit Card

➡️ Debit Card

➡️ Bank Wire Transfer

➡️ Bank Transfers

➡️ Skrill


Broker Comparison: Deposit and Withdrawals

🥇 Trade Nation🥈 Pepperstone🥉 HF Markets
Minimum Withdrawal Time1 business day1 business day10 minutes
Maximum Estimated Withdrawal TimeUp to 5 Business daysUp to 7 business days10 business days
Instant Deposits and Instant Withdrawals?NoNoNo


Trade Nation Deposit Currencies, Minimum and Maximum Deposit and Withdrawal Amounts

💰 Payment Method💵 Accepted Currencies💰 Deposit Processing💵 Withdrawal Processing
Credit CardGBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, SEK1 Business day1 Business day
Debit CardGBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, SEK1 Business day1 Business day
Bank Wire TransferGBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, SEK1 Business dayUp to 5 business days
Bank TransfersGBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, SEK1 Business dayUp to 5 business days
SkrillGBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, SEK1 Business day1 Business day

How to Deposit Funds with Trade Nation

How to Deposit Funds with Trade Nation

👉 To deposit funds to an account with Trade Nation, Rwandan Traders can follow these steps:

➡️ Rwandans can access the trading account using the credentials they established during account registration.

➡️ Traders can navigate the account panel to discover the option for depositing money.

➡️ Rwandans can then carefully choose their preferred financing method, keeping in mind that they must utilize the same technique for withdrawals.

➡️ Traders can then select their chosen deposit currency and deposit quantity.

➡️ Some payment options may necessitate extra steps before the deposit can be confirmed.

Trade Nation Fund Withdrawal Process

Trade Nation Review How to Withdraw Funds

👉 To withdraw funds from an account with Trade Nation, Rwandan Traders can follow these steps:

➡️ Rwandans can navigate to the Trade Nation website or access their trading platform, log in with their credentials, and choose the withdrawal option from the account panel.

➡️ Traders must ensure that their trading account has sufficient cash by monitoring their open positions and the margin requirements for each of these transactions. If there is insufficient free money, the withdrawal will be denied.

➡️ Before traders may make a withdrawal request, they must first pick the same payment method as they used when depositing funds, identify the amount to withdraw, and then conclude the withdrawal by submitting the request to Trade Nation.

➡️ During business hours, the request will be processed and should be completed within 24 hours. The cash should be accessible within 24 hours or a few days, depending on the payment method used by traders.

Trade Nation Education and Research

Trade Nation Review Education And Research


👉 Trade Nation’s website provides educational tools and content that might help traders improve their current knowledge and skills.


👉 Traders who want to learn more about the markets and trading could make use of a wide variety of educational tools and websites.


👉 Trade Nation has created a video to help traders get started with MetaTrader 4. It guides Rwandans through the process of connecting their MetaTrader 4 account to their other accounts.


👉 The “trade explained” part of Trade Nation’s website goes into great depth on CFD trading, FX, spreads, and signals. A trading simulator is also provided to enable new investors to practice various trading methods before putting money down.


👉 The following Educational Materials are available to you via Trade Nation:

➡️ Learning Articles

➡️ Tutorials

➡️ Trading Guides

➡️ FAQ Section

➡️ Demonstration Videos


Research and Trading Tool Comparison

🥇 Trade Nation🥈 Pepperstone🥉 HF Markets
Economic CalendarNoYesYes
Trading ViewNoYesNo
Trading CentralNoNoNo
Market AnalysisYesYesYes
News FeedYesYesYes


👉 Trade Nation also offers Rwandan traders the following additional Research and Trading Tools:

➡️ News and Analysis

➡️ Experts’ Explanations

➡️ Trading Signals

➡️ Smart News

Trade Nation Bonuses and Promotions

Trade Nation Bonuses and Promotions

👉 Trade Nation offers Rwandan Traders the following bonuses and promotions:

➡️ Trade Nation Loyalty Scheme


👉 The Trade Nation Loyalty program is designed for high-volume traders and long-term clientele. Traders get points for each transaction they complete, which they can then exchange for cash refunds of up to 20% of their total commissions.


👉 To assist novice traders to get started, they are given 1,000 points when they open an account for the first time. For every dollar traded, traders can gain one point.


👉 The points will be totalled at the end of the calendar month, and the total will be used to determine the refund that the traders are entitled to receive. The points and percentage rebates that traders can receive are listed below:

📊 Minimum Points📈 Maximum Points💰 Percentage Rebate Earned
10,000 and more9,99920%

How to open an Affiliate Account with Trade Nation

Trade Nation Review Affiliate Program

👉 To register an Affiliate Account, Rwandan Traders can follow these steps:

➡️ Interested parties can learn more about becoming an Affiliate by visiting the Trade Nation website.

➡️ Hover over the “About Us” option at the very top of the homepage to get to “Partner With Us.”

➡️ If you choose this option, a new page will appear with detailed information on Trade Nation’s collaboration with the organization.

➡️ You can begin by clicking “Sign Up Now” at any spot on the website once you have gone over all the material and decided you want to become an affiliate.

➡️ After that, you will be sent to a registration page where you can create an affiliate account by entering the relevant information. For this, you will need a username, personal information, contact information, your country of residence, and business information.

➡️ Before applying, make sure you are acquainted with the Trade Nation Terms & Conditions.

➡️ Once you have clicked the “Register” button and your information has been gathered, you will get a verification email with an embedded link requesting you to validate your email address before proceeding with the rest of the application.

➡️ Once you have completed the application in its entirety, it will be reviewed, and if it is approved, you will have access to all Trade Nation’s affiliate materials, support, and other services.


Trade Nation Affiliate Program Features

Trade Nation Affiliate Program Features

👉 Trade Nation aims to make trading open and fair for all traders. Trade Nation is a reliable and user-friendly forex broker.


👉 Partner accounts provide users access to multiple trading platforms and marketplaces. Trade Nation offers skilled customer service, low spreads, and other benefits.


👉 Trade Nation’s affiliate program offers a revenue-sharing plan, a cost-per-acquisition (CPA) plan that pays a charge for each new customer referred, and a hybrid plan that combines their best features.

Trade Nation Customer Support

Trade Nation Customer Support

👉 Trade Nation’s customer care is accessible around-the-clock, five days per week, using a variety of communication channels. Even though assistance is only accessible in English, customer support agents respond quickly and give traders replies that are both informative and straightforward.

Customer SupportTrade Nation’s Customer Support
⏰ Operating Hours24/5
🗣 Support LanguagesEnglish
🗯 Live ChatYes
📧 Email AddressYes
📞 Telephonic SupportYes
✔️ Local Support in Rwanda?No
🥇 Overall quality of Trade Nation Support3.8/5

Trade Nation Corporate Social Responsibility

👉 There is currently no information available about the Corporate Social Responsibility initiatives or projects in which Trade Nation participates.

Overall Rating

Min Deposit




Trading Desk



Total Pairs


Islamic Account


Trading Fees


Account Activation Time

24 Hours

Our Verdict on Trade Nation

👉 Trade Nation, a multi-regulated market-maker, has been highlighted in many publications, including Wall Street Online, Finanznachrichten, Business Insider, and City A.M. Trade Nation provides a few useful features, including low fixed spreads, a streamlined interface, and tools for risk management.


👉 The benefits far exceed the drawbacks, even though it does not engage in cryptocurrency trading and does not accept traders from the United States. Trade Nation is an excellent alternative for traders who are seeking something a little bit different.


👉 Trade Nation separates itself from the competition because it obtains its information from “exclusive” sources, which enables it to provide information from different angles.


👉 Traders who prioritize an uncomplicated and straightforward platform will be drawn to this broker. The fact that customer support is accessible 24 hours a day, five days a week is one of the many reasons why experienced traders, as well as novice traders, would appreciate what Trade Nation has to offer.


👉 Another instrument that Trade Nation provides to lure in new traders is the Beginner Guides. Trade Nation takes immense pleasure in its transparency, providing users with advice that explains how brokerage fees work and why fixed spreads are used.


👉 When a financial institution or broker, such as Trade Nation, tries to promote ethics, this may be seen as a good sign that the brokerage firm is trustworthy.

Trade Nation Pros and Cons

✔️ Pros❌ Cons
Traders will find that Trade Nation offers a safe and regulated trading environment where the client is prioritizedTrade Nation does not offer MetaTrader 5 or any other trading platforms
Trade Nation offers a proprietary trading platform on the web and mobile alongside the popular MetaTrader 4There is a limited choice between trading accounts
Trade Nation charges fixed spreads and offers transparent fee schedulesRwandans do not have an RWF-denominated account and currency conversion fees apply
There are zero fees charged on inactive accounts, deposits or withdrawalsThere is no option for an Islamic account offered by Trade Nation
Trade Nation is regulated and licensed in four countries by Tier-1, Tier-2, and Tier-3 regulators
Loyal customers can earn up to 20% back in rebates according to trading volumes
There is a comprehensive affiliate program available from Trade Nation
There is a simulation offered that does not require traders to be registered with Trade Nation


How much leverage does Trade Nation have?

Trade Nation offers a low leverage account with 1:30 leverage and a high leverage account with 1:200 leverage.


Does Trade Nation have an Islamic account?

No, Trade Nation does not offer Muslim traders who follow Sharia law the option to convert their trading account into an Islamic Account.


Does Trade Nation have Volatility 75?

No, Trade Nation does not give Rwandans access to VIX.


Does Trade Nation have Nasdaq?

Yes, you can trade Nasdaq (US Tech) with Trade Nation across all trading platforms.


Is Trade Nation regulated?

Yes, Trade Nation is regulated in South Africa (FSCA), the United Kingdom (FCA), the Bahamas (SCB), and Australia (ASIC).


Does Trade Nation have a no-deposit bonus?

No Trade Nation does not have a no-deposit bonus but offers a loyalty programme for high volume traders.


Can I trade crypto with Trade Nation?

No, Trade Nation does not currently support crypto trading.


Is Trade Nation safe or a scam?

Trade Nation is a safe broker that has a well-regulated trading environment, compensation schemes, investor protection, transparent fee schedules, and an average trust score of 80%.


What is the withdrawal time for Trade Nation?

Between 24 hours and up to 5 days depending on your preferred withdrawal method.


👉 Now it is your turn to participate:

➡️ Do you have any prior experience with Trade Nation?

➡️ What was the determining factor in your decision to engage with Trade Nation?

➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?

➡️ Have you experienced any issues with Trade Nation such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?


👉 Regardless, please share your thoughts in the comments below.



👉 No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.

10/10 - (1 vote)

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