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Nation Traders -

Score

1.31 /10
Danger

Nation Traders

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://nationtraders.com

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Comparison

Quantity 3

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index5.48

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Nation Traders Limited

Company Abbreviation

Nation Traders

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-11-16
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Exposure

3 pieces of exposure in total
Pyramid scheme complaint
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Nation Traders · Company summary
Nation TradersReview Summary
Founded2022
Registered Country/RegionUK
RegulationNot regulated
Market Instrumentsforex, precious metals, commodities, index CFDs, crypto CFDs, stock CFDs
Demo Account✔
LeverageUp to 1:2000
SpreadAs low as 0.0 floating spreads
Trading PlatformPC platform, Trading App
Min Deposit$25
Customer SupportLive chat, contact form, phone, email

Nation Traders Information

Nation Traders was founded in 2022 and registered in the UK. Nation Traders trades many trading products. However, it has no effective regulatory information.

Nation Traders' homepage

Pros and Cons

Pros Cons
Various trading asset classesNot regulated
Demo accountsFunds are not protected by law
Flexible leverage ratiosNo MT4/5
Tight spreadsLimited payment methods
No commission on the Standard account
Free deposits and withdrawals

Is Nation Traders Legit?

As of now, Nation Traders isnot regulated by any institution like FCA. Therefore, it is not safe.

What Can I Trade on Nation Traders?

Tradable Instruments Supported
Forex✔
Commodities✔
Indices✔
Metals❌
Cryptos✔
ETFs✔
Bonds❌

Account Type

Nation Traders offers Pro2, Pro1, Prime, and Standard plans with a minimum deposit of $5000, $3000, $200, and $25 respectively.

Account comparison

Leverage

Nation Traders offers flexible leverage ratios based on account balance. For example, if your account balance is less than $500, the leverage ratio will be as high as 1:2,000; if your account balance is greater than $45,000, the leverage ratio becomes 1:100. Note that the high degree of leverage can work against you as well as to your advantage.

Leverage

Spreads & Commissions

STANDARDPrimePro1Pro2
SpreadAs low as 1.5 floating spreadsAs low as 0.0 floating spreadsAs low as 0.1 floating spreadsAs low as 0.5 floating spreads
Commission$0$8 per lot$4 per lot$3 per lot

Trading Platforms

Trading PlatformSupported
PC platform✔
Trading App✔
PC platform
Trading App

Deposit & Withdrawal

Nation Traders accepts Visa, MasterCard, Visa electron, American express and Maestro. Supported currencies include MYR, THB, IDR, USD, and SGD. No fees for deposits and withdrawals. All deposits are said to be instant, while all withdrawals can be processed within 24 hours.

Deposit details
Withdrawal details

Customer Service

Contact Options Details
Phone +447459585436(England)
+19055247259 (Canada)
+64 22 845 517 (New Zealand)
+61 2 6248 9776 (Australia)
Email support@nationtraders.com
Contact Form✔
Online Chat ✔
Social Media ❌
Supported Language English
Physical Address23 Davidson Street Manchester M1 1AA, England.
105 Main Street E., Suite 1400 Hamilton ON L8N 1G6 Canada.
Fujitsu Tower 141 The Terrance, Wellington Central, Wellington 6011, New Zealand
18 Mort St, Canberra ACT 2601, Australia
Contact info

The Bottom Line

In conclusion, Nation Traders is a forex trader who offers many class assets. Nevertheless, it is not suitable for trading due to its unregulated status.

FAQs

Is Nation Traders safe?

No. It has no regulation.

Is Nation Traders good for day trading?

No.

Is Nation Traders good for beginners?

Yes, It offers risky-free demo accounts, but it is not recommended for traders to open a real account because it is unregulated currently.

News

ExposureNation Traders: A Closer Look at the Broker's Red Flags

This article highlights the distressing experience of Gowri, a 29-year-old from India, who fell victim to the deceptive practices of this broker. In the back of the article we arranged a few small questions, each answer to the chance to win a bonus.

WikiFX
2024-08-19 09:30
Nation Traders: A Closer Look at the Broker's Red Flags
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Comments

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Chamnan Sothy
more than one year
I am excited to be able to trade on the trading platform of the National Trading Company. First of all, I feel that this platform is perfect for beginners because only a $100 startup plan is needed to start trading. In addition, their platform supports not only mobile but also desktop, allowing me to conveniently trade anytime, anywhere. On top of that, the platform provides very professional market analysis that allows me to better understand the market and make more informed trading decisions.
I am excited to be able to trade on the trading platform of the National Trading Company. First of all, I feel that this platform is perfect for beginners because only a $100 startup plan is needed to start trading. In addition, their platform supports not only mobile but also desktop, allowing me to conveniently trade anytime, anywhere. On top of that, the platform provides very professional market analysis that allows me to better understand the market and make more informed trading decisions.
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2023-03-28 16:04
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