Plus500 vs Trade Nation Forex Broker Comparison
A head-to-head comparison of Plus500 and Trade Nation across regulation, trading costs, platforms, and editorial scoring.
LSE-listed with zero commission, intuitive proprietary platform, and negative balance protection - though limited research and no MT4.
VS
Score 4.1 / 5
2 bonusesFixed spreads from 0.6 pips with no commission, no minimum deposit, and strong FCA and ASIC regulation - simple, transparent pricing for cost-conscious traders.
Our Verdict
Too close to call0.1 pts apart
Plus500 and Trade Nation are extremely closely matched with scores of 4/5 and 4.1/5. The right choice depends on your individual trading priorities.
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
It's a tie
Both equally suited
Both brokers offer spreads from 0.6 pips.
Best for safety & regulation
It's a tie
Both equally suited
Both brokers show an equally strong safety profile across regulation, fund protection, and client safeguards.
Best for platform choice
Recommended
Trade Nation offers more exclusive platform options: MetaTrader 4, a proprietary platform.
Best for beginners
Recommended
Trade Nation edges out Plus500 with a higher editorial score (4.1/5 vs 4/5), indicating a stronger overall experience for new traders.
Plus500 vs Trade Nation: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.0/ 5 | 4.1/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.2 / 5 | 4.2 / 5 |
Fees & Spreads 30% weight | 4.0 / 5 | 4.2 / 5▲ |
Platforms & Tools 20% weight | 3.7 / 5 | 3.9 / 5▲ |
Customer Support 10% weight | 3.9 / 5 | 3.9 / 5 |
| Founded | 2008 | 2014 |
| Headquarters | Haifa, Israel | London, United Kingdom |
| Min deposit | $100 | No minimum |
| Spreads from | 0.6 pips | 0.6 pips |
| Commission / lot | N/A | N/A |
| Max leverage | 30:1 | 500:1 |
| Withdrawal fee | Free | Free |
| Regulators | FCA ASIC MAS CySEC CMA | FCA ASIC |
| Platforms | Proprietary Web/Mobile | MetaTrader 4 Proprietary Web/Mobile |
| Active bonuses | ||
| Visit broker | Visit Plus500 | Visit Trade Nation |
Plus500 vs Trade Nation Forex Broker Pros & Cons
Pros
LSE-listed providing strong institutional credibility
Zero commission on all trades
Intuitive proprietary platform with a clean mobile app
Negative balance protection across all accounts
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Investor compensation scheme coverage
No deposit fees
Transparent pricing with clear cost disclosure
24/5 live chat support
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
No MT4 or MT5 support
Limited research tools and market analysis
US residents not accepted
No copy trading
No raw spread account option
Inactivity fee applies
No MetaTrader support
Limited charting capabilities
No phone support
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
Plus500 vs Trade Nation: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
0
Plus500
criteria wins
3
Trade Nation
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | Plus500 | 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 | Fail | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Fail | Fail |
| Proprietary platform | Pass | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Fail | Pass |
| Multilingual support | Pass | Pass |
Plus500 vs Trade Nation: Frequently Asked Questions
Based on our independent editorial scoring, Trade Nation ranks higher with a score of 4.1/5 vs 4/5 for Plus500. The best choice still depends on your individual trading needs; Plus500 and Trade Nation may each suit different trader profiles.
Both Plus500 and Trade Nation offer spreads starting from 0.6 pips, making them equivalent on this metric. Consider commissions and account types when evaluating total trading costs.
Trade Nation has a lower minimum deposit of no minimum required, while Plus500 requires at least $100. This makes Trade Nation more accessible for traders with limited starting capital.
Both Plus500 and Trade Nation hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Both are considered safe. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners: Trade Nation has a lower minimum deposit (no minimum), lowering the barrier to entry; both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
Plus500 offers maximum leverage of 30:1, while Trade Nation offers up to 500:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
Plus500 supports Proprietary Web/Mobile and Trade Nation offers MetaTrader 4, Proprietary Web/Mobile; both support Proprietary Web/Mobile; Trade Nation exclusively offers MetaTrader 4.
Ready to get started?
Open an account directly with the broker that suits you best.
Score 4 / 5
More Broker Comparisons
More Plus500 comparisons
More Trade Nation comparisons
Personalised recommendation
Not sure which broker is right for you?
Answer 6 quick questions and we'll match you with the brokers that best fit your trading style, experience level, and country.
Find my broker