Two regulated brokers clash over platform breadth and pricing. Admirals offers MT4/MT5 with 8,000 instruments, while Trade Nation emphasizes fixed spreads and a lean platform.
Admirals edges Trade Nation on the higher editorial score. It also offers MT4/MT5 and raw spreads, plus 8,000 instruments.
Find out which broker best suits your trader profile.
Choose Admirals if…
Choose Admirals if you want MT4/MT5 access and a broad instrument universe with raw spreads.
Choose Trade Nation if…
Choose Trade Nation if you want no minimum deposit and fixed spreads with no inactivity fee.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Admirals offers tighter spreads from 0.50 pips vs 0.60 pips for Trade Nation, reducing trading costs.
| Editorial score | 4.3/ 5 | 4.1/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.3 / 5▲ | 4.2 / 5 |
Pros
Extensive range of accounts including Zero, Trade, and Invest
Strong FCA and CySEC regulation covering EU and UK traders
High-quality educational content including live webinars
Zero account offers spreads from 0.5 pips with $6 round-turn commission
Client funds held in segregated accounts
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | Admirals | Trade Nation |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Fail |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
The scores are close: Admirals rates 4.3/5 and Trade Nation rates 4.1/5. Admirals 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.
Admirals starts from 0.5 pips, tighter than Trade Nation's 0.6 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Trade Nation has no minimum deposit, while Admirals requires at least $100. This makes Trade Nation more accessible for traders with limited starting capital.
Both Admirals and Trade Nation hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: Trade Nation has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
Admirals lists maximum leverage of 500:1, while Trade Nation lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Admirals charges $6 per lot on commission-based accounts. Commission details for Trade Nation are not currently available. Check their website for up-to-date pricing.
Admirals supports MetaTrader 5, MetaTrader 4, while Trade Nation supports Proprietary Web/Mobile, MetaTrader 4. Both provide MetaTrader 4. Admirals has exclusive access to MetaTrader 5. Trade Nation has exclusive access to Proprietary Web/Mobile.
Admirals benefits from additional regulators such as CySEC and KNF beyond FCA/ASIC.
Admirals offers a broader instrument universe and MT4/MT5, aiding active trading.
Admirals is better suited for scalpers: raw/ECN spreads available, tighter spreads from 0.50 pips.
Admirals provides extensive educational content including live webinars, aiding beginners.
Admirals wins instrument variety with 8,000 instruments vs 1,000.
Fees & Spreads 30% weight | 4.4 / 5▲ | 4.2 / 5 |
|---|
Platforms & Tools 20% weight | 4.2 / 5▲ | 3.9 / 5 |
|---|
Customer Support 10% weight | 4.2 / 5▲ | 3.9 / 5 |
|---|
| Founded | 2001 | 2014 |
|---|
| Headquarters | Tallinn, Estonia | London, United Kingdom |
|---|
| Min Deposit | $100 | No minimum▼ lower |
|---|
| Spreads From | 0.5 pips▼ lower | 0.6 pips |
|---|
| Commission / lot | $6/lot | N/A |
|---|
| 1.1 pips | N/A |
| Max Leverage | 500:1 | 500:1 |
|---|
| Inactivity Fee | $10/month (after 24 months) | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNeteller | Bank transferCredit cardDebit card |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNeteller | Bank transferCredit card |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | FCA ASIC CySEC KNF | FCA ASIC |
|---|
| Platforms | MetaTrader 5 MetaTrader 4 | Proprietary Web/Mobile MetaTrader 4 |
|---|
| Active bonuses |
|---|
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
Fixed spreads from 0.6 pips with no commission
No minimum deposit and no inactivity fee
Strong FCA and ASIC multi-region regulation
Simple, transparent cost structure ideal for cost-conscious traders
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
Mobile trading app available
Proprietary trading platform available
Advanced charting tools included
24/5 live chat support
Phone support available
Multilingual customer support
Cons
Platform-heavy, MT4 and MT5 only, no proprietary platform
Customer support quality varies by region
Not available to US clients
Inactivity fee applies
Cons
Limited asset classes, no stocks or ETF CFDs
Proprietary platform is basic compared to MT4/MT5
Fixed spreads widen significantly during major news events
No raw spread account option
No MetaTrader support
Dig deeper into each broker’s features, fees, and regulation.
Score 4.1 / 5
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