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Trade Nation Spread Betting Review

#8 of 14 brokers ranked

Trade Nation offers fixed spreads that adjust at set times of day.

🗺️ FCA regulated: Trade Nation Financial UK Ltd (FRN 525164), checked on the FCA register 22 Sep 2026

  • Minimum deposit£0
  • PlatformsTN Trader, TradingView
  • Spread, fixed figures8 of 9 pairs no nine-pair figure
  • Spread data read18 Sep 2026
Trade Nation spread betting review

Our spread bet content is supported by broker partners, who pay us on a retainer basis rather than per referral.

Trade Nation73.8% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
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Our Verdict On Trade Nation

Trade Nation scores 77/100 and ranks 8 of 14. Its criterion marks run 6 to 9 of 10, assessed 26 Aug 2026. Its eight dated figures sit under the average of brokers that publish one; check them when you trade.

How We Scored Trade Nation

Our overall score for Trade Nation is 77 out of 100. Below is the assessment behind it: Trade Nation marked on each of the criteria we score every account against, each one out of 10.

Trade Nation marked out of ten on each of the six criteria we score every account against, shown as a bar on each row.
CriterionTrade Nation
Trading Cost6 / 10Assessed
Trading Experience9 / 10Assessed
Trading Platform8 / 10Assessed
Trust7 / 10Assessed
Range Of Markets8 / 10Assessed
Customer Service8 / 10Assessed

The overall score shown above the table is the sum of these six marks, each out of 10, divided by 60 and multiplied by 100, rounded half up. No criterion is weighted, and this has been how every score on the site is computed since 24 September 2026.

Our scoring approach for accounts names the six criteria, what each one covers, and the published sources behind every mark.

Who You Contract With At Trade Nation

Spread bets at Trade Nation are placed with Trade Nation Financial UK Ltd (FRN 525164). That is the firm named in your account terms and the one authorised to take UK retail clients.

Trade Nation runs separate companies under separate regulators in several other countries, and its own footer lists them. Each is a different firm, and material published by one of them is not a statement about the UK business. The risk warning percentage on this page is the UK firm’s own.

Our guide to FCA regulation of spread betting publishes the authorised entity and reference number for every provider we track. Our spread betting broker reviews directory covers every brand on this site.

Is Trade Nation Regulated By The FCA?

TRADE NATION FINANCIAL UK LTD is on the Financial Services Register under firm reference number 525164, and its status panel reads Authorised, since 9 May 2011. We read the entry on 3 Sep 2026, and the capture below is what the register showed that day.

FCA Financial Services Register entry for TRADE NATION FINANCIAL UK LTD, firm reference number 525164: the firm details and firm status panels, status Authorised since 9 May 2011, captured 3 Sep 2026
TRADE NATION FINANCIAL UK LTD, FRN 525164, on the FCA Financial Services Register: status Authorised, since 9 May 2011. Captured 3 Sep 2026. Source: the firm’s register entry, Financial Conduct Authority.

The permissions panel is not in the capture, so this page makes no claim about which regulated activities the authorisation covers. Our regulation guide sets out checking a spread betting firm on the FCA register.

Trade Nation Trust, Ownership And Client Money Protection

Can You Trust Trade Nation?

Trade Nation states that your money is held in segregated bank accounts under trustee arrangements, identified as client money. Trade Nation also states that retail clients cannot lose more than the total funds held in their account, under negative balance protection. (Trade Nation's own site, read ; Trade Nation's own site, read )

Who Owns Trade Nation?

Trade Nation's UK entity is owned by Finsa Capital Holdings Limited, recorded in the Companies House register of persons with significant control. (Companies House, read )

What Happens To Your Money If Trade Nation Fails?

Trade Nation states that any shortfall of funds up to £85,000 may be eligible for compensation under the Financial Services Compensation Scheme. The FSCS gives its limit as up to £85,000 per eligible person, per firm, for a firm that failed after 1 April 2019. (Trade Nation's own site, read ; FSCS, read )

Trade Nation also offers CFD trading alongside spread betting on its UK site, and you can read the difference between spread betting and CFDs in our comparison of the two products. (Trade Nation's own site, read )

Trade Nation Licence And Terms

Regulator
Financial Conduct Authority (FCA)
Authorised entity
Trade Nation Financial UK Ltd (FRN 525164)
Register status
Authorised
Authorised since
9 May 2011
Register read
3 Sep 2026
Minimum deposit
£0
Guaranteed stops
Offered
Inactivity fee
no inactivity or dormancy fee

Trade Nation Spread Betting Costs

Spread Cost Per Pair At Your Stake

No sign-up needed
Each currency pair with Trade Nation's published spread, the brokers' average, and the spread cost, margin and brand count that follow from your stake and bets.
Currency pair Trade Nation Brokers’ average (pts) Spread cost per bet At the brokers’ average Per month Margin to open Brands in the average
EUR/USD 0.5 0.7 £2.50 £3.50 £50.00 £1,863.00 5
GBP/USD 0.8 1.2 £4.00 £6.00 £80.00 £2,229.17 5
EUR/GBP 0.5 1.1 £2.50 £5.50 £50.00 £1,392.83 5
USD/JPY 0.6 0.8 £3.00 £4.00 £60.00 £2,628.17 5
AUD/USD 0.4 0.8 £2.00 £4.00 £40.00 £1,756.75 5
USD/CAD 0.7 1.5 £3.50 £7.50 £70.00 £2,331.33 4
AUD/JPY 1 2 £5.00 £10.00 £100.00 £2,770.25 3
EUR/JPY 0.7 1.7 £3.50 £8.50 £70.00 £2,937.83 4

These are Trade Nation’s fixed spreads for spread betting, read from its UK website on 18 Sep 2026, covering the 07:00 to 21:59 (GMT+1) band. Each pair's average of the brokers that publish one is the mean of the published average, typical and fixed spreads, with the broker count shown. Minimums and targets are left out. Spread cost is the spread multiplied by your stake. Margin to open is the exposure divided by the FCA retail leverage cap for the pair (30:1 or 20:1), at the Fri 30 Oct 2026 5pm New York close levels; a provider may hold more margin than the cap requires, never less.

Capital at risk when spread betting. A worked figure is not a quote.

Trade Nation's fixed spreads cover eight of the nine pairs with no unit stated, and our guide to pips in spread betting sets out the points-and-pips relationship.

What Trade Nation’s Fixed Spreads Cover

Fixed spreads on indices, forex and commodities, on TN Trader and TradingView. Most accounts in our ranking quote variable spreads, which track the underlying market and move with it.

Equities use a fixed add-on applied to a variable underlying spread, so they are not fixed. Commodities may be traded on variable spreads instead, and a position opened on one basis must be closed on the same basis.

Guaranteed Stops At Trade Nation

Guaranteed stop-loss orders are available at Trade Nation.

Our guide to spread betting stop-loss orders covers how the order type behaves in a gapping market.

The Platforms You Can Use At Trade Nation

Trade Nation runs its own platform alongside a third-party one, and the list on our summary table below is the set we have confirmed carries the spread betting account. Its fixed pricing applies on both of them.

Trade Nation lists its app as “Trade Nation” on both stores, and our ranking of spread betting apps records the platforms behind its spread betting account and the minimum deposit.

Trade Nation publishes a demo account for spread betting, and we read its terms off Trade Nation’s own demo page rather than inferring them: £10,000 in virtual funds, checked 3 October 2026.

Our UK spread betting platform comparison ranks the fourteen accounts on the attributes we can evidence.

Trade Nation Versus StoneX Trading And FXCM

Trade Nation takes the first column.

Trade Nation in the first column, against the brokers ranked either side of it, on the figures our reviews record.
FigureTrade NationStoneX TradingFXCM
Spread Bet Score77/10080/10067/100
Our ranking8 of 14joint 6th of 149 of 14
Nine-pair average spreadNo nine-pair figureNo nine-pair figureNo nine-pair figure
EUR/USD spread0.50.8 ptsNot published
GBP/USD spread0.81.8 ptsNot published
Minimum deposit£0£0£50
Guaranteed stopsYesYesNo
PlatformsTN Trader, TradingViewWeb Trader, StoneX Trading app, TradingViewTrading Station, MetaTrader 4

Trade Nation Data Log

Each row of this log is one dated read on Trade Nation, giving the date and what was read.
DateWhat was read
Criterion scores read from our master scoring sheet.
FCA register entry read directly: TRADE NATION FINANCIAL UK LTD, FRN 525164, authorised.
We read its own UK site: a fixed figure on eight of the nine pairs, so no nine-pair average.
Demo account terms read from Trade Nation's own page.

What Other Review Sites Say About Trade Nation

How Popular Is Trade Nation In The UK?

People in the UK made 3,120 branded searches for Trade Nation in September 2026, placing it 7th of the 14 platforms we review.

7of 14Search interest rank
3,120
Brand searches, September 2026
-3.4%
vs August 2026
880
Login searches
2.6%
Share of all searches

Source: Google search volume, the UK, September 2026.

These are Trade Nation’s ratings on the platforms below, each read on the date shown and stated in that platform’s own scale.

Trade Nation rated on each third-party platform, with the rating scale, the volume of ratings and the date we read it.
Platform Rating Volume Read on
Trustpilot 4.4 out of 5 2,179 reviews 1 Nov 2026
Apple App Store 4.4 out of 5 93 ratings 1 Nov 2026
Google Play 3.5 out of 5 265 ratings 1 Nov 2026
TradingView 4.6 out of 5 2,548 reviews 1 Nov 2026
Trade Nation’s Trustpilot profile, read 1 Nov 2026: 4.4 out of 5
Trade Nation’s Trustpilot profile, captured 1 Nov 2026. We re-read these ratings every month, so the figure in the table is the one the platform displayed on that capture date.
Trade Nation’s Apple App Store listing, read 1 Nov 2026: 4.4 out of 5
Trade Nation’s Apple App Store listing, captured 1 Nov 2026. We re-read these ratings every month, so the figure in the table is the one the platform displayed on that capture date.
Trade Nation’s Google Play listing, read 1 Nov 2026: 3.5 out of 5
Trade Nation’s Google Play listing, captured 1 Nov 2026. We re-read these ratings every month, so the figure in the table is the one the platform displayed on that capture date.
Trade Nation’s TradingView profile, read 1 Nov 2026: 4.6 out of 5
Trade Nation’s TradingView profile, captured 1 Nov 2026. We re-read these ratings every month, so the figure in the table is the one the platform displayed on that capture date.

Trade Nation At A Glance

Key facts about Trade Nation: its FCA-regulated entity, minimum deposit, spread bet platforms, markets, inactivity fee and guaranteed stops.
🗺️ FCA regulated Trade Nation Financial UK Ltd (FRN 525164)
💰 Minimum deposit £0
📊 Spread bet platforms TN Trader, TradingView
🛍️ Markets available 1,000s
💱 Inactivity fee no inactivity or dormancy fee
🛡️ Guaranteed stops Available

What You Can Bet On

Trade Nation publishes these counts on its own market pages.

  • Forex pairs: 32
  • Indices: over 40

Our Trade Nation Video Review

Our own video review of the Trade Nation spread betting account, from the SpreadBet channel.

From the SpreadBet YouTube channel.

Trade Nation Pros And Cons

Pros

  • Below the Brokers' Average on eight of eight Pairs
  • EUR/USD at 0.5 Points Against the 0.7-Point Average of the Brokers That Publish One
  • No minimum deposit

Cons

  • Ranks 8 of 14 on our review score
  • Minimum stake not confirmed

Your Experience With Trade Nation

If you have traded with Trade Nation, tell us what a new customer should know. Submissions are read by the team. Only reviews we can verify are ever published, and none are published yet. Nothing you enter here appears on this page.

Your rating of Trade Nation

1 is poor, 5 is excellent.

Markets you traded

Reviews are never paid for and never edited for a broker.

Trade Nation Spread Betting FAQs

Are Trade Nation Spread Betting Profits Tax-Free In The UK?

For most UK individuals, spread betting profits are free of Capital Gains Tax and the bets carry no Stamp Duty. Tax treatment depends on your individual circumstances and can change, so you should seek professional tax advice if you are unsure.

Opening A Trade Nation Spread Betting Account

If you came here for one market rather than for the account, our pages on spread betting on indices and commodities spread betting cover how those bets are priced. A spread bet leaves you owning no asset, so no Stamp Duty is payable, and the wider tax position for most UK retail traders depends on your individual circumstances, as the Stamp Duty rules for spread bets note.

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73.8% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

Your capital is at risk. Spread betting is leveraged, so losses can exceed the amount you set out to risk on a bet. This page is not financial or tax advice.

About The Author

Justin Grossbard, co-founder of Spread Bet UK
Justin Grossbard

Justin Grossbard co-founded Spread-Bet.co.uk with Noam Korbl in 2024, and co-founded the broker comparison network CompareForexBrokers with him in 2014. He has written for Kiplinger, Entrepreneur, Finance Magnates and MoneyShow since 2022, with articles on forex and trading at MoneyShow, Finance Magnates and Kiplinger.

Updated . Updated on 1 Nov 2026: We withdrew from the Trade Nation review the August 2026 tests of order execution, the apps and customer service, with everything drawn from them, because they could not be verified against account records; the Customer Service mark is back to 8/10 on the 26 Aug 2026 scoring sheet, and the score is 77/100.