FP Marketsvs
Trade NationForex Broker Comparison
FP Markets and Trade Nation face off on regulation, costs, and platform breadth. The axis of tension centers on pricing models and platform access.
Our Verdict
FP Markets winsby 0.4 pts
FP Markets edges Trade Nation on the overall score due to stronger pricing and platform breadth. Trade Nation remains competitive on regulation and investor protection.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1Raw ECN pricing from 0.0 pips with $6/lot commission.
- 2Supports MT4, MT5, and cTrader.
- 3Fixed spreads from 0.6 pips with no commission.
Who should choose FP Markets vs Trade Nation?
Find out which broker best suits your trader profile.
Choose FP Markets if…
Choose FP Markets if you want true ECN pricing from 0.0 pips with a $6/lot commission. It also offers MT4, MT5, and cTrader for versatile trading.
Choose Trade Nation if…
Choose Trade Nation if you want fixed spreads from 0.6 pips with no commission. It also offers a proprietary platform and no minimum deposit.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
FP Markets offers tighter spreads from 0.00 pips vs 0.60 pips for Trade Nation, reducing trading costs.
Best for safety & regulation
FP Markets vs Trade Nation: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.5/ 5 | 4.1/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.6 / 5▲ | 4.2 / 5 |
FP Markets vs Trade Nation Forex Broker Pros & Cons
Pros
True ECN pricing from 0.0 pips + $6 round-turn commission
Supports MT4, MT5, and cTrader, all three major platforms
IRESS platform for direct-access share CFD trading
Strong ASIC and CySEC regulation
Client funds held in segregated accounts
FP Markets vs Trade Nation: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
FP Markets
criteria wins
1
Trade Nation
criteria win
Highlighted rows show where the two brokers differ
| Criteria | FP Markets | 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 | Pass | 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 |
FP Markets vs Trade Nation: Frequently Asked Questions
The scores are close: FP Markets rates 4.5/5 and Trade Nation rates 4.1/5. FP Markets 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.
FP Markets starts from 0 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 FP Markets requires at least $100. This makes Trade Nation more accessible for traders with limited starting capital.
Both FP Markets 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.
FP Markets 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.
FP Markets 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.
FP Markets supports cTrader, IRESS, MetaTrader 5, TradingView, MetaTrader 4, while Trade Nation supports Proprietary Web/Mobile, MetaTrader 4. Both provide MetaTrader 4. FP Markets has exclusive access to cTrader and IRESS and MetaTrader 5 and TradingView. Trade Nation has exclusive access to Proprietary Web/Mobile.
