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Trade Nation vs FXGT.com 2024

BrokerNotes.co

Written by BrokerNotes.co

August 24, 2023

Trying to decide between Trade Nation and FXGT.com? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, Trade Nation ranks more highly than FXGT.com.

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Compare

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Overall Rating Trade Nation FXGT.com
Overall Rating star 7.6 /10 star 6.6 /10
Offering of Investments star 7.0 /10 star 6.0 /10
Commissions & Fees star 9.0 /10 star 7.0 /10
Platform & Tools star 7.5 /10 star 7.0 /10
Research star 6.5 /10 star 6.0 /10
Mobile Trading star 7.5 /10 star 7.0 /10
Education star 6.5 /10 star 5.5 /10
Account Type Trade Nation FXGT.com
Standard Trade Size (100,000 units) info Yes Yes
Mini Trade Size (10,000 units) info Yes Yes
Micro Trade Size (1,000 units) info Yes Yes
Islamic Account info Yes No
Deposit/Withdrawal Options Trade Nation FXGT.com
Minimum Deposit info $0 $5
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info No No
ACH or SEPA Transfers info No Yes
Copy Trading Trade Nation FXGT.com
Social Trading / Copy Trading info No Yes
DupliTrade info No No
ZuluTrade info No No
Cryptocurrency Trade Nation FXGT.com
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Bitcoin info Yes Yes
Ethereum info Yes Yes
Forex Trading (Spot or CFDs) Trade Nation FXGT.com
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) Trade Nation FXGT.com
DAX info Yes No
Dow Jones info Yes No
FTSE info Yes Yes
NASDAQ 100 info Yes Yes
Nikkei info Yes No
SP 500 info Yes Yes
Investments Trade Nation FXGT.com
Forex Trading (Spot or CFDs) info Yes Yes
Spread Betting info Yes No
Social Trading / Copy Trading info No Yes
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info No No
ETF info No No
U.S. Stocks (CFD) info Yes Yes
Trading Platforms Trade Nation FXGT.com
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No Yes
Regulatory Licenses Trade Nation FXGT.com
Tier-1 Licenses info 2 1
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info No info Yes info
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Research, Education Trade Nation FXGT.com
Trading Central (Recognia) info No No
Forex News (Top-Tier Sources) info Yes No
Daily Market Commentary info No No
Autochartist info No No
Investor Dictionary (Glossary) info No Yes
Videos - Beginner Trading Videos info Yes No
Client Webinars (Archived) info No No
Trading Costs Trade Nation FXGT.com
Minimum Deposit info $0 $5
Average Spread EUR/USD - Standard info 0.6 N/A
All-in Cost EUR/USD - Active info 0.6 N/A
Active Trader or VIP Discounts info No No
Trading Tools Trade Nation FXGT.com
Watchlists - Total Fields info 14 5
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 99 37
Mobile Charting - Indicators / Studies info 99 30
Trust Factors Trade Nation FXGT.com
Year Founded info 2014 2019
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info No info Yes info
Trust Score info 85 69
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Trade Nation vs FXGT.com Comparison

Comparing forex brokers side by side is no easy task. Our research team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Trying to decide between Trade Nation and FXGT.com? Our independent database powered by our unbiased research will help you compare Trade Nation vs FXGT.com side-by-side.

What is Trust Score?

Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.

Can I trust Trade Nation?

Trade Nation has a Trust Score of 85, giving it a "Trusted" Trust Score Label.

Can I trust FXGT.com?

FXGT.com has a Trust Score of 69, giving it a "High Risk" Trust Score Label.

Is Trade Nation a good broker?

Trade Nation is a trusted broker that offers an innovative, easy-to-use proprietary trading platform suite alongside MetaTrader 4. Trading signals powered by Acuity are also available within Trade Nation's Signal Centre. That being said, a lack of advanced trading features may leave experienced traders wanting more.

Is FXGT.com a good broker?

FXGT.com offers multiple account types and plugins for MetaTrader (depending on the trading tool plan subscription plans you choose) but falls short compared to the best brokers for MT4 and MT5. Beyond rudimentary sentiment and market data, FXGT’s research is limited. Education at FXGT.com consists of a few ebooks and a scattering of content, and its YouTube Channel has been offline as of the time of our review in November 2023.

What Tier-1 jurisdictions is each broker regulated in?

Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. Trade Nation holds regulatory licenses in the following Tier-1 jurisdictions: Australia (ASIC Authorised) and United Kingdom (U.K.) (FCA Authorised). FXGT.com, on the other hand, is licensed in these Tier-1 regulatory jurisdictions: none. Neither have Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised), Switzerland (FINMA Authorised) and USA (CFTC Authorized)

What Tier-2 jurisdictions is each broker regulated in? What about Tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, Trade Nation is South Africa (FSCA Authorised), while FXGT.com is Cyprus (CySEC Authorised) and South Africa (FSCA Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), Thailand (SEC Authorised) and UAE (DFSA/Central Bank Authorised). When comparing tier-3 licenses Trade Nation is Bahamas (SCB Authorised), while FXGT.com is Vanuatu (VFSC Authorised).. Neither have Belize (FSC Authorised), Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised), Cayman Islands (CIMA Authorised) and Mauritius (FSC Authorised).

Which broker offers more trading platforms?

Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that Trade Nation offers a Proprietary Platform and Desktop Platform (Windows), whereas FXGT.com supports a Desktop Platform (Windows). Neither have cTrader, DupliTrade and ZuluTrade

Does Trade Nation offer MetaTrader? Does FXGT.com offer MetaTrader?

For MetaTrader Trade Nation provides MetaTrader 4 (MT4), while FXGT.com provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

How do Trade Nation and FXGT.com differ in terms of minimum deposit? What about average spreads and funding options?

Trade Nation requires a minimum deposit of $0, while FXGT.com requires a minimum deposit of $5. It's also important to ensure your broker accepts the funding options and deposit methods that work best for you. In our research, we've found that Trade Nation supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw) for funding and deposit methods, whereas FXGT.com supports Bank Wire (Deposit/Withdraw) and Visa/Mastercard (Credit/Debit). Neither have PayPal (Deposit/Withdraw)

Which broker offers more tradeable asset classes, Trade Nation or FXGT.com?

When choosing a forex broker, it’s important to consider each broker’s available investment products and tradeable asset classes. We’ve researched each broker’s individual offering of investments to help you pick the right broker for what you want to trade. During our testing, we found that Trade Nation delivers a more diverse selection of investment options than FXGT.com, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Spread Betting, Metals, Energies and U.S. Stocks (CFD). Neither have Agriculturals and ETF.

We also keep track of each broker’s total number of tradeable symbols; Trade Nation offers 1000, and FXGT.com offers a total of 117 tradeable symbols.

Can I trade cryptocurrency with Trade Nation or FXGT.com?

Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that neither Trade Nation nor FXGT.com allow you to trade physical cryptocurrencies.

Who offers more research tools, Trade Nation or FXGT.com?

Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. Trade Nation delivers the following research tools: Stock Charts and Forex News (Top-Tier Sources). FXGT.com, on the other hand, provides the tools listed here: Stock Charts and Social Trading / Copy Trading. Neither have Autochartist, Daily Market Commentary and Trading Central (Recognia)

Broker Reviews

Still looking for more information, read our broker reviews.

Trade Nation Review

FXGT Review

Overall winner: Trade Nation

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announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.


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