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No Regulation
Score
1.44 /10
Danger
Forex Nation
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Influence
D
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index6.50
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
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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Warning: Low score, please stay away!
3
Previous Detection :
2026-02-07
- This broker lacks valid forex regulation. Please be aware of the risk!
- The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
WikiFX Verification
| Forex Nation Review Summary | |
| Founded | 2013 |
| Registered Country/Region | United Kingdom |
| Regulation | No regulation |
| Market Instruments | Forex, CFDs, derivatives |
| Demo Account | / |
| Leverage | Up to 1:500 |
| Spread | From 0.0 pips |
| Trading Platform | MT4 |
| Minimum Deposit | / |
| Customer Support | Email: clientsupport@forexnation.org |
Forex Nation Information
Forex Nation is a broker based in the UK and legally set up as a Community Interest Company (CIC). This means that it has to give at least 65% of its profits to microcredit programs and charities. The broker works with Key To Markets (KTM) as its execution provider.
They claims to offer ECN access with tight spreads from 0.0 pips and commissions of 0.4 USD/0.3 EUR per 10,000 units traded. You can trade micro-lots starting at 0.01 lots and use leverage up to 1:500. Forex Nation focuses on mission-driven financial services and reinvesting in social change through microcredit projects.
Pros and Cons
| Pros | Cons |
| MT4 platform | No regulation |
| Commission fee charged | |
| No info on deposit and withdrawal | |
| No direct contact channel |
Is Forex Nation Legit?
Forex Nation is unregulated. It does not have a direct financial services license, so users need to be cautious about it.
What Can I Trade on Forex Nation?
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Derivatives | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Leverage
Forex Nation offers leverage up to 1:500. Please note that high leverage can amplify not only profits but also losses.
Fees
Forex Nation claims to offer spread from 0.0 pips and $0.4/€0.3 commission per 10K.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows, Mac, iOS, Android | Beginners |
| MT5 | ❌ | / | Experienced traders |
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