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Trade Nation Review

Overall, Trade Nation is very competitive in terms of its trading fees and competitive trading conditions. Trade Nation is regulated by two Tier-1 (high trust), one Tier-2 (medium trust), and one Tier-3 (low trust) regulator. Trade Nation has a trust score of 80% out of 100. Trade Nation is currently not regulated by the MFED, BoB, or NBFIRA of Botswana

Updated : May 7, 2024

Jump to:

005 regulations book


005 feature selection

Regulation and Safety of Funds


Awards and Recognition

007 fees

Account Types and Features


Account Registration


Broker Comparison

003 responsive design

Trading Platforms

003 stock market

Range of Markets



001 cash withdrawal

Deposit and Withdrawels

003 research

Education and Research


Bonuses and Promotions

001 cash withdrawal

Affiliate Programs

customer service

Customer Support

002 affiliate marketing

Social Responsibility

008 auction

Final Verdict

004 review

Pros and Cons

001 question


Overall Rating

Min Deposit




Trading Desk

Meta Trader 4



Total Pairs


Islamic Account


Trading Fees


Account Activation Time

24 Hours

on Trade Nation’s website




Overall, Trade Nation is considered average risk, with an overall Trust Score of 80 out of 100. Trade Nation is licensed by two Tier-1 Regulators (high trust), one Tier-2 Regulator (average trust), and one Tier-3 Regulator (low trust). Trade Nation offers one retail trading account with two live trading options namely a Low Leverage Account and a High Leverage Account.

Trade Nation, formerly known as Core Spreads, is a multi-regulated broker that was founded in 2014 and renamed in 2019. Trade Nation brings a new perspective to online commerce.


Trade Nation is a UK-based online retail broker that lets you buy and sell a variety of financial products utilizing an in-house trading platform as well as the renowned MetaTrader 4 platform.

The business vision and brand values of Trade Nation are especially important to them, with an aim and emphasis on a “client-first strategy” and a “new method to trading.”


This Trade Nation review for Botswana will provide local retail traders with the details that they need to consider whether Trade Nation is suited to their unique trading objectives and needs.

Trade Nation accepts Botswanan clients and has an average fixed spread from 0.4 pips with zero commission fees. Trade Nation has a maximum leverage ratio up to 1:30 (Low Leverage Account) and 1:200 (High Leverage Account) and there is a demo account available, but no Islamic Account.


Trade Nation Proprietary platforms and MetaTrader 4 are supported. Trade Nation is headquartered in London and is regulated by FCA, ASIC, FSCA, and SCB.


Distribution of Traders

Distribution of Traders


Trade Nation currently has the largest market share in these countries

➡️ South Africa – 24%

➡️ Philippines – 15%

➡️ United Kingdom – 14.81%

➡️ Italy – 11.83%

➡️ France – 7.33%


Popularity among traders 

🥇 Despite having a small market share in Botswana, Trade Nation is one of the top 50 brokers and trading platforms for Botswanan traders.

Trade Nation At a Glance

🏛 HeadquarteredLondon, United Kingdom
🌎 Global OfficesUnited Kingdom, Australia, South Africa, Bahamas
🏛 Local Market Regulators in Botswana• Ministry of Finance and Economic Development (MFED)
• Bank of Botswana (BoB)
• Non-Bank Financial Institutions Regulatory Authority (NBFIRA)
💳 Foreign Direct Investment in Botswana115.89 BWP Million in 2021
💰 Foreign Exchange Reserves in Botswana5270 USD Million in 2021
✔️ Local office in Gaborone?No
👨‍⚖️ Governor of SEC in BotswanaNone, Moses Dinekere Pelaelo is the Governor of the Bank of Botswana
✔️ Accepts Botswana Traders?Yes
📊 Year Founded2014
📞 Botswana Office Contact NumberNone
📱 Social Media Platforms• Twitter
• Facebook
• Instagram
• YouTube
• LinkedIn
⚖️ RegulationFCA, ASIC, FSCA, SCB
1️⃣ Tier-1 Licenses• Financial Conduct Authority (FCA)
• Australian Securities and Investment Commission (ASIC)
2️⃣ Tier-2 Licenses• Financial Sector Conduct Authority (FSCA)
3️⃣ Tier-3 Licenses• Securities Commission of Bahamas (SCB)
🪪 License Number• United Kingdom – 525164
• Australia – ABN 93 158 065 635, AFSL 422661
• South Africa – 2018/418755/07, FSP 49846
• Bahamas – 203493 B, SIA-F216
⚖️ MFED, BoB, or NBFIRA RegulationNo
✔️ Regional RestrictionsThe United States
☪️ Islamic AccountNo
💻 Demo AccountYes
🛍 Retail Investor Accounts2
✔️ PAMM AccountsNo
💻 Liquidity ProvidersBarclays
✔️ Affiliate ProgramYes
📱 Order ExecutionInstant, Market
📊 Starting spreadFrom 0.4 pips on US Futures
📉 Minimum Commission per TradeNone
💰 Decimal Pricing5th decimal pricing after the comma
📞 Margin Call100%
🛑 Stop-Out50%
📉 Minimum Trade Size0.01 lots
📈 Maximum Trade Size50 lots
✅ Crypto trading offered?Yes
✔️ Offers a BWP Account?No
📉 Dedicated Botswana Account Manager?No
📈 Maximum Leverage• 1:30 (FCA, ASIC)
• 1:200 (FSCA, SCB)
📊 Leverage Restrictions for Botswana?No
💳 Minimum Deposit (BWP)0 Botswanan Pula
✔️ Botswana Pula Deposits Allowed?No, only GBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, and SEK
📊 Active Botswana Trader Stats250,000+
👥 Active Botswana-based Trade Nation customersUnknown
🔁 Botswana Daily Forex TurnoverUnknown, Forex overall is $6.6 Trillion
💰 Deposit and Withdrawal Options• Credit Card
• Debit Card
• Bank Wire Transfer
• Bank Transfers
• Skrill
💻 Minimum Withdrawal Time1 Business day
⏰ Maximum Estimated Withdrawal TimeUp to 5 Business days
💳 Instant Deposits and Instant Withdrawals?No
🏛 Segregated Accounts with Botswana Banks?No
📱 Trading Platforms• Trade Nation
• MetaTrader 4
💻 Tradable Assets• Forex
• Indices
• Differentials
• Energies
• Precious Metals
• Bonds
• Share CFDs
• Futures
✔️ Offers USD/BWP currency pair?No
📊 USD/BWP Average SpreadN/A
✅ Offers Botswana Stocks and CFDsNo
💻 Languages supported on the WebsiteEnglish
☎️ Customer Support LanguagesMultilingual
👥 Copy Trading SupportYes
⏰ Customer Service Hours24/5
📞 Botswana-based customer support?No
💸 Bonuses and Promotions for Botswanans?No
📚 Education for Botswanan beginner tradersYes
📱 Proprietary trading softwareYes
🤝 Most Successful Trader in BotswanaUnknown
✔️ Is Trade Nation a safe broker for Botswana Traders?Yes
🎖 Rating for Trade Nation Botswana6/10
🥇 Trust score for Trade Nation Botswana80%
👉 Open Account👉 Open Account

Regulation and Safety of Funds

Regulation in Botswana

Regulation and Safety of Funds


Trade Nation is not regulated by the Bank of Botswana or any other regulators in the country, but the broker is regulated for a variety of reasons, including its dependability.


Global Regulations

Trade Nation has a global reach and operates via the following entities:

➡️ United Kingdom – Trade Nation is the trading arm of Trade Nation Financial UK Ltd, which is licensed by the Financial Conduct Authority and has the registration number 525164. The Financial Services Compensation Scheme is a member of Trade Nation Financial UK Ltd.

➡️ Australia – Trade Nation is the trading arm of Trade Nation Australia Pty Ltd, which has an ABN of 93 158 065 635 and an AFSL of 422661 from the Australian Securities and Investment Commission (ASIC). Trade Nation Australia Pty Ltd is a subsidiary of Trade Nation.

➡️ South Africa (SA) Trade Nation Financial (Pty) Ltd is a South African company with the registration number 2018/418755/07. The South African Companies Register has a record of this registration and in addition, Trade Nation Financial (Pty) Ltd has also been awarded regulation and authorization to operate as a Financial Service Provider by the Financial Sector Conduct Authority (FSCA) (49846).

➡️ Bahamas – Trade Nation Ltd is a company registered in the Bahamas under the number 203493 B and regulated and governed by the Securities Commission of the Bahamas (SCB) under the SIA-F216 license.


Client Fund Security and Safety Features

Customer monies are held by Barclays Bank in London in separate bank accounts for Trade Nation UK, while client funds put to Trade Nation Australia are held by Westpac in Australia.

Trade Nation abides by all applicable laws and regulations, particularly those that relate to consumer cash protection. Investor protection solutions of up to 85,000 EUR are available to customers in the United Kingdom.


Is Trade Nation a regulated broker, and which regulatory bodies oversee its operations?

Yes, Trade Nation is a regulated broker. The regulatory oversight ensures that the broker adheres to industry standards and complies with financial regulations.


How does Trade Nation ensure the safety of client funds?

Trade Nation prioritizes the safety of client funds through various measures. Firstly, client funds are held in segregated accounts, separate from the company’s operational funds.

Awards and Recognition


Trade Nation is a reputable and reliable broker, but it does not list any accolades it has received since its founding in 2014 as Core Spreads, or after its renaming in 2019.


How can I verify any awards or recognition that Trade Nation claims to have received?

If Trade Nation claims to have received awards or recognition, you can verify this information by checking reputable industry websites, financial news sources, or the official websites of awarding bodies.

Account Types and Features

Account Types and Features



Clients who register under the FSCA and SCB regulations are eligible for leverage up to 1:200. However, traders who register under the ASIC and FCA regulations are only eligible for leverage up to 1:30.

When traders open an account with Trade Nation, they are not required to make an initial deposit, and there are no commission costs. Traders who wish to open an account with Trade Nation may choose from GBP, USD, EUR, AUD, ZAR, DKK, NOK, or SEK as their base currency.


Regardless of the account, the following are the average spreads that traders should anticipate while trading with Trade Nation:

➡️ Wall Street 30 – 1 pip with a margin requirement of 0.5%

➡️ US 500 – 0.14 pips with a margin requirement of 0.5%

➡️ Gold – 0.4 pips with a margin requirement of 0.5%

➡️ UK100 – 0.4 pips with a margin requirement of 0.5%

➡️ EUR/USD – 0.6 pips with a margin requirement of 0.5%

➡️ GBP/USD – 0.8 pips with a margin requirement of 0.5%

➡️ Crude Oil – 3 pips with a margin requirement of 2%

➡️ USD/JPY – 0.7 pips with a margin requirement of 0.5%

➡️ Germany 40 – 0.9 pips with a margin requirement of 0.5%

➡️ US Tech 100 – 0.8 pips with a margin requirement of 0.5%


💻 Live Account📉 Minimum Dep.📊 Average Spread💰 Commissions💸 Average Trading Cost
➡️ Low Leverage0 BWP0.6 pipsNone6 USD
➡️ High Leverage0 BWP0.6 pipsNone6 USD


Live Trading Account Details

Low Leverage Account


The Low Leverage Account is provided to traders who are subject to ASIC and FCA restrictions and are therefore limited to leverage of up to 1:30.


The following are some of the typical characteristics of a Low Leverage Trade Nation Account:

Account FeatureValue
💰 Minimum Deposit Requirement0 BWP
📊 Average Spreads on EUR/USD• 7 am – 0.6 pips
• 10 pm – 4 pips
• 11 pm – 0.6 pips
📈 Maximum Leverage1:30
💸 Account CurrenciesGBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, SEK
💵 Commission ChargesNone, included in the spread
📉 Decimal Pricing5th Decimal Pricing after the comma
🔨 Trading Instruments• Forex
• Indices
• Differentials
• Energies
• Precious Metals
• Bonds
• Share CFDs
• Futures
📊 Minimum Staking Size• GBP – 0.5 lots
• EUR – 0.5 lots
• USD – 0.5 lots
• CHF – 1 lot
• AUD – 1 lot
• JPY – 100 lots
• ZAR – 0.5 lots
• NGN – 50 lots
• DKK – 1 lot
• SEK – 1 lot
• NOK – 1 lot
✔️ Margin Requirement• US 500 – 5%
• Gold – 5%
• UK100 – from 20%
• EUR/USD – 3.33%
• Crude Oil – 10%
• US Tech 100 – 5%
📞 Copy Trading SupportYes
💻 Trading Platforms Offered• Trade Nation
• MetaTrader 4


High Leverage Account

The key advantage of this account is that it has a larger leverage ratio. Because these market regulators are not as severe as the FCA or ASIC, this account is only open to traders who register under FSCA or SCB laws.

Higher leverage entails more risk; thus this account is best suited to traders with some expertise in the financial markets.


Account FeatureValue
💰 Minimum Deposit Requirement0 BWP
📊 Average Spreads on EUR/USD• 7 am – 0.6 pips
• 10 pm – 4 pips
• 11 pm – 0.6 pips
📈 Maximum Leverage1:200
💸 Account CurrenciesGBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, SEK
💵 Commission ChargesNone, included in the spread
📉 Decimal Pricing5th Decimal Pricing after the comma
🔨 Trading Instruments• Forex
• Indices
• Differentials
• Energies
• Precious Metals
• Bonds
• Share CFDs
• Futures
📊 Minimum Staking Size• GBP – 0.5 lots
• EUR – 0.5 lots
• USD – 0.5 lots
• CHF – 1 lot
• AUD – 1 lot
• JPY – 100 lots
• ZAR – 0.5 lots
• NGN – 50 lots
• DKK – 1 lot
• SEK – 1 lot
• NOK – 1 lot
✔️ Margin Requirement• US 500 – 5%
• Gold – 5%
• UK100 – from 20%
• EUR/USD – 3.33%
• Crude Oil – 10%
• US Tech 100 – 5%
📞 Copy Trading SupportYes
💻 Trading Platforms Offered• Trade Nation
• MetaTrader 4


Base Account Currencies

Botswanan traders cannot open a live trading account in BWP, but they may choose from a variety of other currencies, including GBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, and SEK.

This implies that Botswanan traders with BWP-denominated bank accounts who make deposits in local currency may pay currency conversion fees for deposits or withdrawals in Botswanan Pula, raising the total expenses of trading and potentially affecting profitability.


Demo Account

Demo Account


A demo account is a practice account that provides traders with a certain quantity of virtual dollars to utilize, enabling them to trade in the real market without jeopardizing their money.

When trading financial markets, there is some risk involved, and Trade Nation provides its customers with a risk-free platform where they can test methods, practice trading, and discover what the broker has to offer in a safe trading environment with genuine market circumstances.


Botswanan traders may try out Trade Nation with a free demo account. You may use the demo account to practice your trading strategies and get familiar with the broker’s trading platform, products, and services.

Using the Trade Nation simulator, you may understand what each stage includes and what the unfamiliar terminology and concepts imply, enabling you to successfully execute genuine transactions. You do not need to be a Trade Nation customer or have a login to utilize the Trading Simulator.


Islamic Account


Depending on the forex trader’s trading style and trading plan, they could keep their trading positions open for more than 24 hours on a trading day.

This implies the trader could be charged an overnight or rollover fee. This is an interest that is banned by Sharia law’s Riba rules, which implies that Muslim traders are often limited in forex trading.


Trade Nation does not cater to Muslim traders by providing halal trading circumstances or an Islamic Account that exempts Muslims from overnight interest or fees. To avoid being charged these costs, traders must ensure that they liquidate their positions after each trading day.


What types of trading accounts does Trade Nation offer, and how do they differ?

Trade Nation provides traders with a variety of account types to suit different trading preferences and experience levels. The specific account types may include standard accounts, premium accounts, or other variations.


What features are available with Trade Nation’s trading accounts?

Trade Nation’s trading accounts come with a range of features designed to enhance the trading experience. Features may include access to various financial instruments, trading platforms such as MetaTrader, educational resources, and customer support.

How to open an Account with Trade Nation 

To register an account with Trade Nation, Botswanan traders can follow these steps:


Step 1:  Clicking on the link “Trade Now.”

 Traders who want to register an account with Trade Nation may do so by visiting the broker’s official website and clicking on the link “Trade Now.”


How to open an Account with Trade Nation  step 1



Step2: Application Process

Botswanan traders will be given a simple form to fill out in this area to register their enterprises.

Before proceeding with their application, traders must validate their email address by following the instructions in the email they got.

Traders who have completed the account application process and are going on to the next phase must produce proof of identity as well as proof of where they presently reside.

Botswanan traders will be permitted to begin trading after the validity of their account information and documents has been checked.


How to open an Account with Trade Nation  step 2

Trade Nation Vs eToro Vs XM – Broker Comparison

🥇 Trade Nation🥈 eToro🥉 XM
📱 Trading Platform• MetaTrader 4
• Trade Nation
eToro proprietary platform• MetaTrader 4
• MetaTrader 5
• XM Mobile App
💰 Withdrawal FeeNoYesNone
📊 Demo AccountYesYesYes
📈 Minimum Deposit0 BWP136 BWP67 BWP
📊 Leverage• 1:30
• 1:200
• 1:30 (Retail)
• 1:400 (Professional)
📊 SpreadFixed, from 0.4 pipsFrom 1 pip0.0 pips
💰 CommissionsNoneNone$1 to $9
✴️ Margin Call/Stop-Out100%/50%None indicated• 50%/20%,
• 100%/50% (EU)
💻 Order ExecutionInstant, MarketMarket/InstantMarket/Instant
💳 No-Deposit BonusNoNoNo
📊 Cent AccountsNoNoNo
📈 Account Types• High leverage
• Low Leverage
Standard Account• Micro Account
• Standard Account
• XM Ultra-Low Account
• Shares Account
⚖️ CBN RegulationNoNoNo
💳 BWP DepositsNoNoYes
📊 Botswana Pula AccountNoNoNo
👥 Customer Service Hours24/524/624/5
📊 Retail Investor Accounts214
☪️ Islamic AccountNoYesYes
📉 Minimum Trade Size0.01 lots0.01 lots0.01 lots
📈 Maximum Trade Size50 lotsDepends on the instrument and account balance100 lots
💰 Minimum Withdrawal Time1 Business dayInstant1 working day
📊 Maximum Estimated Withdrawal TimeUp to 5 Business daysUp to 10 Working Days5 working days
💸 Instant Deposits and Instant Withdrawals?NoYesYes, deposits

Trading Platforms

Trading Platforms



Trade Nation offers Botswanan Traders a choice between these trading platforms:

➡️ MetaTrader 4

➡️ Trade Nation


Desktop Platforms


➡️ MetaTrader 4

Trade Nation provides its clients with the MetaTrader 4 (MT4) platform. Many CFD and FX traders worldwide depend on the MT4 trading platform, which is comprehensive, powerful, and user-friendly.

The MT4 platform has a plethora of built-in tools for doing in-depth market research and complicated trading. It supports a variety of chart kinds and timeframes, as well as several order types, automated trading using expert advisors (EAs), one-click trading, and much more.


Desktop Platforms


WebTrader Platforms


➡️ MetaTrader 4

➡️ Trade Nation


MetaTrader 4

The MT4 platform is capable of handling even the most demanding transactions and is available through a few platforms, including major web browsers on PCs, tablets, iPads, smartphones, and other internet-connected devices.

There are so many tools to pick from that most traders just skim the surface, and more are always being developed. Furthermore, traders may discover one-of-a-kind tools and add-ons on the built-in marketplace, and you can even make your own using the MQL editor.


Trade Nation

Botswanan clients of Trade Nation get access to the financial markets through the Trade Nation trading platform, which is the broker’s proprietary platform.

The platform enables retail traders to concentrate on the key areas of their trading experience and growth to reach their trading goals. The user-friendly architecture of the Trade Nation platform makes it simple to access configurable charting options.


The Trade Nation trading platform includes a variety of interactive graphs, drawing tools, and time durations ranging from one minute to one month. Limiting losses may be accomplished by using stop orders to end deals that are riskier than the trader’s risk tolerance.

The platform supports web traders for Chrome, Firefox, Safari, and Microsoft Edge. However, traders are advised to utilize the Google Chrome browser for the optimum user experience.


Which trading platforms are offered by Trade Nation, and are they suitable for all devices?

Trade Nation provides traders with access to advanced trading platforms, including the widely used MetaTrader 4 (MT4) platform. MetaTrader 4 is known for its user-friendly interface, powerful charting tools, and support for automated trading through Expert Advisors (EAs). Additionally, Trade Nation offers a proprietary web-based platform that enables traders to access the markets directly from their web browsers, eliminating the need for downloads.


Can I use automated trading strategies on Trade Nation’s platforms?

Yes, traders using Trade Nation’s MetaTrader 4 platform have the option to implement automated trading strategies through Expert Advisors (EAs). MetaTrader 4 supports algorithmic trading, enabling users to develop or install pre-built EAs that automatically execute trades based on predefined criteria.

Range of Markets

Range of Markets



Botswanan Traders can expect the following range of markets:

➡️ Indices

➡️ Stocks

➡️ Precious Metals

➡️ Forex

➡️ Commodities

➡️ Energies

➡️ CFDs


Financial Instruments and Leverage offered 

🔨 Instrument💰 Number of Assets Offered📈 Max Leverage Offered
➡️ Forex33• FSCA, SCB: 0.5%
• FCA, ASIC: 3.33%

➡️ Precious Metals7• FSCA, SCB: 0.5%
• FCA, ASIC: 5%
➡️ Indices13• FSCA, SCB: 0.5%
• FCA, ASIC: 5%
➡️ Share CFDs2,000+• FSCA, SCB: 5%
• FCA, ASIC: 20%
➡️ Differentials8• FSCA, SCB: 0.5%
• FCA, ASIC: 5%
➡️ Futures10• FSCA, SCB: 1%
• FCA, ASIC: 10%
➡️ Energies2• FSCA, SCB: 3%
• FCA, ASIC: 10%
➡️ Bonds3• FSCA, SCB: 0.5%
• FCA, ASIC: 20%


Broker Comparison for Range of Markets

🥇 Trade Nation🥈 eToro🥉 XM
➡️️ ForexYesYesYes
➡️️ Precious MetalsYesYesYes
➡️️ ETFsNoYesNo
➡️️ CFDsYesYesYes
➡️️ IndicesYesYesYes
➡️️ StocksYesYesYes
➡️️ CryptocurrencyNoYesYes
➡️️ OptionsNoNoNo
➡️️ EnergiesYesYesYes
➡️️ BondsNoNoNo


What financial instruments are available for trading on Trade Nation?

Trade Nation offers a diverse range of financial instruments for trading, including but not limited to forex currency pairs, commodities, indices, and shares. Traders have the flexibility to explore and invest in various markets based on their preferences and market outlook.


Can I trade cryptocurrencies on Trade Nation’s platform?

Yes, Trade Nation allows traders to access and trade cryptocurrencies on its platform. Cryptocurrency offerings may include popular digital currencies such as Bitcoin, Ethereum, and others.

Trading and Non-Trading Fees

Trading and Non-Trading Fees





Trade Nation charges set spreads that stay constant regardless of market circumstances, providing traders more clarity and allowing them to assess their earnings more accurately. Trade Nation charges the following spread costs:

➡️ Wall Street 30 – 1 pip

➡️ US 500 – 0.14 pips

➡️ Gold – 0.4 pips

➡️ UK100 – 0.4 pips

➡️ EUR/USD – 0.6 pips

➡️ GBP/USD – 0.8 pips

➡️ Crude Oil – 3 pips

➡️ USD/JPY – 0.7 pips

➡️ Germany 40 – 0.9 pips

➡️ US Tech 100 – 0.8 pips



Trade Nation does not charge any commissions as the broker fee is already worked into the spread charged.


Overnight Fees, Rollovers, or Swaps

Trade Nation’s overnight fees are computed using the 1-month interbank rate for the financial item being exchanged. If traders exchange British pounds, Trade Nation will utilize the 1-Month London Interbank Offer Rate (LIBOR) plus an extra 2.5% and 1.25%.

When the 1-month interbank rate goes below 2.5% on a short position, the percentage is deducted from the trading account. When the 1-month interbank rate falls below 1.0%, Trade Nation subtracts it from 2.5%, resulting in an interest rate of 1.5%.


Deposit and Withdrawal Fees

Deposit and Withdrawal Fees


Trade Nation does not apply any fees to deposit or withdrawal methods.


Inactivity Fees

There are no inactivity fees charged when a live trading account with Trade Nation goes dormant.


Currency Conversion Fees

Traders can only choose from a set list of supported currencies that can be set as the account’s default currency. Subsequently, Botswanan traders will be charged currency conversion fees on BWP deposits and withdrawals.


What trading fees does Trade Nation charge, and how are they structured?

Trade Nation may charge trading fees, including spreads and, in some cases, commissions. The spread is the difference between the buying (ask) and selling (bid) prices of an asset.


Are there any non-trading fees that traders should be aware of on Trade Nation’s platform?

Trade Nation may impose non-trading fees, which can include overnight financing fees (swap rates), inactivity fees, or withdrawal fees. Overnight financing fees apply to positions held overnight, and the rates can vary based on the asset and trading conditions.

Deposits and Withdrawals

Deposits and Withdrawals


Trade Nation offers the following deposit and withdrawal methods:

➡️ Credit Card

➡️ Debit Card

➡️ Bank Wire Transfer

➡️ Bank Transfers

➡️ Skrill


Broker Comparison: Deposit and Withdrawals

🥇 Trade Nation🥈 eToro🥉 XM
Minimum Withdrawal Time1 Business dayInstant1 working day
Maximum Estimated Withdrawal TimeUp to 5 Business daysUp to 10 Working Days5 working days
Instant Deposits and Instant Withdrawals?NoYesYes, deposits


Nation Deposit Currencies, Minimum and Maximum Deposit and Withdrawal Amounts

💳 Payment Method✔️ Accepted Currencies💳 Withdrawal Processing💸 Withdrawal Processing
Credit CardGBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, SEK1 Business day1 Business day
Debit CardGBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, SEK1 Business day1 Business day
Bank Wire TransferGBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, SEK1 Business dayUp to 5 business days
Bank TransfersGBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, SEK1 Business dayUp to 5 business days
SkrillGBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, SEK1 Business day1 Business day


What deposit methods are accepted by Trade Nation, and is there a minimum deposit requirement?

Trade Nation offers various deposit methods to provide flexibility for its traders. Common deposit methods include bank transfers, credit/debit cards, and e-wallets.


How can I withdraw funds from my Trade Nation account, and are there any withdrawal fees?

Traders can initiate withdrawals from their Trade Nation accounts through the same methods used for deposits. Withdrawal options typically include bank transfers, credit/debit cards, and e-wallets.

How to Deposit Funds with Trade Nation

How to Deposit Funds with Trade Nation


To deposit funds to an account with Trade Nation, Botswanan Traders can follow these steps:

➡️ To access their accounts, traders must use the credentials they registered.

➡️ Traders may make deposits straight from their account panel.

➡️ Traders must carefully choose their deposit method since withdrawals will be processed in the same manner.

➡️ After selecting a payment method, traders may choose their deposit currency and deposit quantity. Depending on the payment method, traders may be needed to complete additional steps or instructions before finishing the deposit instruction.

Trade Nation Fund Withdrawal Process

Trade Nation Fund Withdrawal Process



To withdraw funds from an account with Trade Nation, Botswanan Traders can follow these steps:

➡️ Traders may withdraw money by login into their Trade Nation account and choosing the “Withdrawals” option.

➡️ Before making a withdrawal, traders must confirm they have sufficient cash in their account, taking open positions and margin needs into consideration. If insufficient funds exist, the withdrawal request will be immediately cancelled.

➡️ Before submitting a withdrawal request, traders are required to choose the deposit method, enter the withdrawal amount, and confirm the withdrawal.

➡️ The trader’s withdrawal request will be handled by Trade Nation during business hours, typically within 24 hours, and the trader’s funds will be transferred.

➡️ Traders must ensure that the name under which they maintain an account corresponds to the name under which they established a trading account.

➡️ Traders must also bear in mind that various payment methods need varying completion times. While some withdrawal methods are instantaneous, others might take several days to reach the trader’s bank account.

Education and Research

Education and Research



Trade Nation offers the following Educational Materials:

➡️ Learning Articles

➡️ Tutorials

➡️ Trading Guides

➡️ FAQ Section

➡️ Demonstration Videos


Research and Trading Tool Comparison

🥇 Trade Nation🥈 eToro🥉 XM
➡️ Economic CalendarNoNoYes
➡️ VPSNoNoYes
➡️ AutoChartistNoNoNo
➡️ Trading ViewNoYesNo
➡️ Trading CentralNoNoNo
➡️ Market AnalysisYesYesYes
➡️ News FeedYesYesYes
➡️ BlogYesYesYes


Trade Nation also offers Botswanan traders the following additional Research and Trading Tools:

➡️ News and Analysis

➡️ Experts’ Explanations

➡️ Trading Signals

➡️ Smart News


What educational resources does Trade Nation provide for traders?

Trade Nation is committed to supporting traders with educational resources to enhance their knowledge and skills. These resources may include educational articles, video tutorials, webinars, and market analysis.


Does Trade Nation provide market research tools for traders?

Yes, Trade Nation offers market research tools to help traders stay informed about market trends and make well-informed trading decisions. These tools may include daily market analysis, economic calendars, and research reports.

Bonuses and Promotions

Bonuses and Promotions


The broker offers Botswanan Traders the following bonuses and promotions:

➡️ Trade Nation Loyalty Scheme


The Loyalty scheme is geared towards high-volume traders and loyal customers. Traders earn points for every trade that they execute, and this could help them earn a cash rebate of up to 20%.


New traders who register an account for the first time receive 1,000 points to get them started. For every 1 USD traded, traders can earn 1 point. Once the calendar month ends, the points will be added up and the total will determine the rebate that traders will receive.


The points and percentage rebates that traders could earn are as follows:

➡️ 10,000 points and more – 20% rebate

➡️ 5,000 to 9,999 points – 15% rebate

➡️ 2,500 to 4,999 points – 10% rebate

➡️ 500 to 2,499 points – 5% rebate

➡️ 400 to 499 points – 4% rebate

➡️ 300 to 399 points – 3% rebate

➡️ 200 to 299 points – 2% rebate


Does the broker offer bonuses to traders?

The broker generally focuses on providing a transparent and straightforward trading environment. Therefore, they may not offer traditional bonuses or promotions that come with complex terms and conditions.


Are there any special promotions for new traders?

Their approach to promotions may differ from other brokers. They prioritize transparent pricing and trading conditions. While they may not offer specific promotions for new traders, their focus is on providing competitive spreads, efficient execution, and a user-friendly trading environment. Traders should review the broker’s website for the latest information on any available offers.

How to open an Affiliate Account 

How to open an Affiliate Account


To register an Affiliate Account, Botswanan Traders can follow these steps:

➡️ Prospective Affiliates may access Trade Nation’s webpage.

➡️ From this point, mouse over “About Us” at the top of the webpage and choose “Partner With Us.”

➡️ After selecting this option, a new page will appear including detailed information on the Trade Nation partnership.

➡️ After reviewing the material and deciding to become an affiliate, you can begin by clicking “Sign Up Now” anywhere on the page.

➡️ You may establish your affiliate account by filling out the appropriate forms on the screen that loads. This requires a username, personal information, contact information, country of residence, and business information.

➡️ Be sure to read the Trade Nation Terms & Conditions before applying.

➡️ After clicking “Register,” your information will be recorded, and you will shortly get an email requesting confirmation of your email address and permission to continue with the application.

➡️ After your application has been evaluated and accepted, you will have access to Trade Nation’s full affiliate materials, support, and all other affiliate program features.


Affiliate Program Features

Affiliate Program Features


Trade Nation aims to enhance the trading business and give all traders a fair and open trading environment. Trade Nation is one of the most trustworthy and user-friendly forex brokers that offers a wide range of trading services.

This offers partner customers access to hundreds of major markets, a selection of trading platforms, and a custom homepage for their accounts. In addition, Trade Nation provides specialized client service, the lowest spreads, and several additional advantages.

Trade Nation provides affiliates with a revenue-sharing plan that allows them to earn a percentage of the income generated by the partner’s clients, a CPA plan that gives a flat fee for each client referred, and a hybrid plan that combines aspects of both plans.


Does Trade Nation offer an affiliate program, and how can I join?

Yes, Trade Nation provides an affiliate program for individuals interested in referring traders to the platform. To join the affiliate program, you can visit Trade Nation’s official website and look for the affiliate or partner section.


What commissions and benefits are offered through Trade Nation’s affiliate program?

The commissions and benefits offered through Trade Nation’s affiliate program may vary, and specific details can be found in the program’s terms and conditions. Generally, affiliates earn commissions based on the trading activity of the clients they refer.

10 Best Forex Brokers in Botswana for 2024





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Customer Support

Customer Care



Trade Nation’s customer service is available around the clock, five days a week, using several different modes of contact. Even though help is only available in English, customer service personnel are fast to reply and provide responses that are both educational and clear to any questions that traders may have.


Customer SupportTrade Nation’s Customer Support
⏰ Operating Hours24/5
🗣 Support LanguagesEnglish
🗯 Live ChatYes
📧 Email AddressYes
☎️ Telephonic SupportYes
📞 Local Support in Botswana?Yes
🥇 Overall quality of Trade Nation Support3.8/5

Corporate Social Responsibility

At this time, there is no information that can be accessed on the Corporate Social Responsibility programs or projects that Trade Nation is a part of.

Our Verdict 

Trade Nation is a well-regulated online market maker broker that offers traders low and transparent trading prices, a vast array of complicated instruments, trading signals, a fully mobile trading application, and customizable leverage depending on the trader’s place of residency.

Trade Nation also offers a wide variety of trading signals and while Trade Nation may not have a vast selection of deposit choices or withdrawal methods, there are no fees paid for withdrawals and there is no minimum withdrawal restriction.


Because the broker does not need a minimum deposit, it is simple for Botswanan traders to begin trading with an amount that is satisfactory to them. This is an additional advantage that the broker offers.

There is a lot to like about Trade Nation as a broker, although it does not provide cryptocurrency trading and that it does not accept traders from the United States.


Users are going to like the lessons and instructional resources that are offered, as well as the broker’s very own platform, which includes the opportunity to create an MT4 account.

Interested traders may make use of a platform that is both user-friendly and reliable, which is given by Trade Nation. The user interface of the proprietary platform has a feature known as Smart News, which delivers breaking market news right up to the moment it occurs.


Traders who use the MetaTrader brand because of its dependability and commercial consistency have the option of adding an MT4 account to their trading profile on Trade Nation.

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Pros and Cons

✔️ Pros❌ Cons
Trade Nation does not impose a minimum deposit requirement, giving Botswanan traders more freedomTrade Nation does not offer a BWP-denominated account and does not support it as a deposit currency
The broker provides transparent spread trading on fixed financial instruments across many asset classesTrade Nation does not have an Islamic account
There are desktop trading platforms, smartphone trading apps, and web-based trading platformsTrade Nation does not give Botswanans access to FIX API, managed accounts, or crypto trading
As part of an all-inclusive education material bundle, there is a vast assortment of instructional materials and starter tutorials
In addition to a vibrant business community, there is a specialized affiliate program
Trade Nation provides international stability with a well-established regulatory structure

Frequently Asked Questions

How can I withdraw from Trade Nation?

You can withdraw by using your credentials to access your account. From here, you can choose the option to withdraw and ensure that you have enough free margin to do so.

You can choose your withdrawal method, give the amount you wish to withdraw, and follow any additional steps required by your payment provider before submitting the request to Trade Nation.


Does Trade Nation have a BWP account?

No, Trade Nation only offers a GBP, USD, EUR, AUD, ZAR, DKK, NOK, and SEK-denominated trading account.


Is Trade Nation regulated?

Yes, Trade Nation is regulated by the FCA (Tier-1), ASIC (Tier-1), FSCA (Tier-2), and SCB (Tier-3) giving it an overall trust score of 80 out of 100.


What is the withdrawal time with Trade Nation?

Withdrawals through Trade Nation can take between one working day up to five working days.


Does Trade Nation have an app?

Yes, Trade Nation has a proprietary trading app that is available for download on Android and iOS mobile devices.


Is Trade Nation safe or a scam?

Trade Nation is not a scam broker but one that has Tier-1, Tier-2, and Tier-3 regulations.


Does Trade Nation have Nasdaq?

Yes, Trade Nation has Nasdaq. You can trade this index under “US Tech” either as a CFD or Futures contract.


Does Trade Nation charge commissions?

No, Trade Nation does not charge commissions on trades but only charges the spread.


Does Trade Nation have Volatility 75?

No, Trade Nation currently does not offer Volatility 75 as part of its indices trading portfolio.


Now it is your turn to participate:

➡️ Do you have any prior experience with Trade Nation?

➡️ What was the determining factor in your decision to engage with Trade Nation?

➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?

➡️ Have you experienced any issues with Trade Nation such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?


Regardless, please share your thoughts in the comments below.


No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.

9.5/10 - (2 votes)

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