Two CFD brokers, FBS and Trade Nation, meet in a head to head over trust, pricing and platform choices. The balance between accessibility and protection drives tension as readers weigh the nuances.
Trade Nation edges FBS on the editorial score. It also benefits from dual tier 1 regulation with FSCS protection and transparent pricing.
Find out which crypto exchange best suits your trading profile.
Choose FBS if…
Choose FBS if you value 24/5 multilingual live chat and a larger coin count. Also, you may accept a single deposit with $1 and direct MT4/MT5 automation, though it relies on offshore regulation.
Choose Trade Nation if…
Choose Trade Nation if you want top tier regulation with FCA/ASIC oversight and compensation schemes. It also offers transparent fixed pricing, no spread widening during volatility, and a proprietary platform with web and mobile access for crypto trading.
Which exchange wins for each type of crypto trader, based on security, fees, coin selection, and editorial scoring.
Trade Nation wins for security with FCA/ASIC oversight and FSCS protection.
| Criteria | ||
|---|---|---|
| Editorial score | 3.4/ 5 | 3.7/ 5 |
| Min Deposit | $1 | No minimum▼ lower |
| Spreads From | 0 pips▼ lower | 0.6 pips |
| Taker Fee | 20.00% | N/A |
A closer look at the specific criteria each exchange meets or misses within each scoring category.
| Criteria | FBS | Trade Nation |
|---|---|---|
| Security | ||
| Cold storage for assets | Fail | Fail |
| Proof of reserves published | Fail | Fail |
| Segregated client funds | Pass | Pass |
| Top-tier regulator (FCA, ASIC, etc.) | Fail | Pass |
| Fees | ||
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Fail |
| Transparent pricing page | Fail | Pass |
| Features | ||
| Staking available | Fail | Fail |
| DeFi integration | Fail | Fail |
| NFT trading | Fail | Fail |
| 500+ coins listed | Fail | Fail |
| Support | ||
| Mobile app | Pass | Pass |
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Pass |
The scores are close: FBS rates 3.4/5 and Trade Nation rates 3.7/5. Trade Nation has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
FBS lists a lower spread from 0, compared with Trade Nation's 0.6. Crypto trading costs are typically quoted as a percentage of the trade value; check each exchange's full fee schedule, as maker/taker rates and volume discounts vary.
Trade Nation has no minimum deposit, while FBS requires at least $1. This makes Trade Nation more accessible for traders looking to start with a smaller crypto investment.
Trade Nation holds top-tier regulation (FCA, ASIC), providing stronger investor protections. FBS may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
Trade Nation stands out for beginners: it has a lower entry point and provides negative balance protection, which caps losses at your deposited amount. Also compare demo account availability and educational resources before deciding.
FBS offers up to 2:1 on perpetual or margin products, versus Trade Nation's 2:1 cap. Margin and futures trading carry higher risk than spot crypto; confirm product availability and jurisdiction-specific limits on each exchange's website.
FBS charges $20 per trade on commission-based accounts. Commission details for Trade Nation are not currently available. Check their website for up-to-date pricing. Crypto fees are typically quoted as maker/taker rates rather than fixed per-trade commissions; check each exchange's fee schedule for volume-based discounts.
FBS supports MetaTrader 5, MetaTrader 4, while Trade Nation supports Proprietary Web/Mobile, MetaTrader 4. Both provide MetaTrader 4. FBS has exclusive access to MetaTrader 5. Trade Nation has exclusive access to Proprietary Web/Mobile.
Trade Nation offers fixed pricing and no spread widening during volatility.
Equally matched, neither offers DeFi access or native Web3 features.
| 2 pips |
| N/A |
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNetellerFasaPayPerfect Money | Bank transferCredit cardDebit card |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNetellerFasaPayPerfect Money | Bank transferCredit card |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | FSCA CySEC IFSC | FCA ASIC |
|---|
| Cold Storage | No | No |
|---|
| Proof of Reserves | No | No |
|---|
| Staking | No | No |
|---|
| DeFi Integration | No | No |
|---|
| NFT Trading | No | No |
|---|
| 500+ Coins | No | No |
|---|
| P2P Trading | No | No |
|---|
| Crypto Earn / Savings | No | No |
|---|
| Token Launchpad | No | No |
|---|
Dig deeper into each broker’s features, fees, and regulation.
Score 3.4 / 5
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