IC Markets vs Trade Nation | We Compare Brokers
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IC Markets vs Trade Nation | Broker Comparison

Review By: Ivan Postoian
Review Updated: 2022-05-09

So you are looking to compare forex brokers, no doubt you are looking for a forex broker comparison which will help you find who has the best forex spreads and forex leverage. We can help! We have done extensive research of the major forex brokers to bring you a set of results with customisable comparisons between brokers. Use our tool below to make a quick comparison between two forex brokers to see who has what rates and fees. Over on the right of the screen, you will see two drop-down fields. Select the brokers you want to compare. See our full list of broker comparisons here.

4.4
Rating

Trading Derivatives carries a high level of risk to your capital, and you should only trade with money you can afford to lose. 75% of retail investor accounts lose money when trading CFDs with this provider. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.

Pros
  • Direct access to raw spreads – low fee pricing overall
  • MetaTrader plus cTrader trading platforms
  • ASIC regulation plus CySEC and FSA in Seychelles and SCB in the Bahamas
  • Fast account opening process
Cons
  • No Negative Balance protection
  • Slow Live Chat service
  • No US citizens accepted

 

3.8
Rating
Pros
  • Easy to understand spread prices
  • No minimum deposits
  • In-depth FAQ section to help new traders
  • Excellent customer support
Cons
  •  UK traders can’t use the rewards programme due to regulation
Feature
IC Markets
Trade Nation
Minimum deposit:
$200
None
Withdrawal fee amount:
None
None
Inactivity fee charged (Y/N):
N
N
Max leverage:
1:500
30:1 (UK & AUS) or 200:1 (SA & Bahamas)
Spread from:
0.0 pip (EUR/USD average 0.1 pip)
0.14
Number of instruments:
258
1,000+
Year founded:
2007
2014
Time to open account:
1-2 business days
1-2 business days
Demo account provided (Y/N):
Y
Y
Countries of regulation:
Australia, EEA (Cyprus), Seychelles, Bahamas
UK, Australia, Bahamas, South Africa
Products offered:
Forex pairs with CFDs for Stocks, Indices, Commodities, Bonds, Futures, and Cryptos.
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