TPFx vs Trade Nation Forex Broker Comparison
A head-to-head comparison of TPFx and Trade Nation across regulation, trading costs, platforms, and editorial scoring.
A fully BAPPEBTI-licensed and OJK-registered Indonesian broker, offering domestic traders compliant access to forex and commodity futures markets.
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
Trade Nation winsby 0.4 pts
Trade Nation edges ahead with a score of 4.1/5 vs TPFx's 3.7/5. A narrow margin, so review the breakdown below to see where each broker has a clear advantage.
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
Trade Nation offers tighter spreads from 0.6 pips vs 1.5 pips for TPFx, reducing trading costs.
Best for safety & regulation
Recommended
Trade Nation has a stronger safety profile: top-tier regulation, compensation scheme, segregated funds, negative balance protection.
Best for active traders
It's a tie
Both equally suited
Both brokers offer equivalent trading costs across spreads, commissions, and account types.
Best for platform choice
It's a tie
Both equally suited
Both brokers offer an equivalent platform selection with similar exclusive and proprietary options.
Best for beginners
Recommended
Trade Nation edges out TPFx with a higher editorial score (4.1/5 vs 3.7/5), indicating a stronger overall experience for new traders.
TPFx vs Trade Nation: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 3.7/ 5 | 4.1/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.7 / 5 | 4.2 / 5▲ |
Fees & Spreads 30% weight | 3.7 / 5 | 4.2 / 5▲ |
Platforms & Tools 20% weight | 3.7 / 5 | 3.9 / 5▲ |
Customer Support 10% weight | 3.7 / 5 | 3.9 / 5▲ |
| Founded | 2010 | 2014 |
| Headquarters | Jakarta, Indonesia | London, United Kingdom |
| Min deposit | $60 | No minimum |
| Spreads from | 1.5 pips | 0.6 pips |
| Commission / lot | N/A | N/A |
| Max leverage | 100:1 | 500:1 |
| Withdrawal fee | Free | Free |
| Regulators | BAPPEBTI OJK | FCA ASIC |
| Platforms | MetaTrader 5 Proprietary Web/Mobile | MetaTrader 4 Proprietary Web/Mobile |
| Active bonuses | ||
| Visit broker | Visit TPFx | Visit Trade Nation |
TPFx vs Trade Nation Forex Broker Pros & Cons
Pros
BAPPEBTI-licensed and OJK-registered - full Indonesian regulatory compliance
OJK registration no. S-130/PM.02/2025 is publicly verifiable
Supports MetaTrader 5 alongside proprietary platform
Local Indonesian bank transfer funding with IDR accounts
Client funds held in segregated accounts
Raw spread account available
No deposit fees
No inactivity fee
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
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
Only available to Indonesian residents - no international clients
Higher minimum deposit than some domestic peers
Narrow product range limited to forex and commodity futures
No top-tier regulatory licence
No negative balance protection
No investor compensation scheme
Limited charting capabilities
Support available in limited languages
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
TPFx vs Trade Nation: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
TPFx
criteria wins
5
Trade Nation
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | TPFx | Trade Nation |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Fail | Pass |
| Compensation scheme (e.g. FSCS) | Fail | 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 | Pass | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Fail | Pass |
TPFx vs Trade Nation: Frequently Asked Questions
Based on our independent editorial scoring, Trade Nation ranks higher with a score of 4.1/5 vs 3.7/5 for TPFx. The best choice still depends on your individual trading needs; TPFx and Trade Nation may each suit different trader profiles.
Trade Nation offers tighter spreads starting from 0.6 pips, compared to TPFx's spreads from 1.5 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
Trade Nation has a lower minimum deposit of no minimum required, while TPFx requires at least $60. This makes Trade Nation more accessible for traders with limited starting capital.
Trade Nation holds top-tier regulation (FCA, ASIC), providing stronger investor protections. TPFx may be regulated but does not hold top-tier status in our data. Always verify regulatory status with the broker directly before depositing funds.
For beginners: Trade Nation has a lower minimum deposit (no minimum), lowering the barrier to entry; Trade Nation offers negative balance protection, capping losses at your deposit amount. Also weigh up educational resources and customer support quality before deciding.
TPFx offers maximum leverage of 100:1, 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.
TPFx supports MetaTrader 5, Proprietary Web/Mobile and Trade Nation offers MetaTrader 4, Proprietary Web/Mobile; both support Proprietary Web/Mobile; TPFx exclusively offers MetaTrader 5; Trade Nation exclusively offers MetaTrader 4.
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Score 3.7 / 5
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