Updated September 29, 2026 · BrokerCue Editorial Team
Exness vs Trade Nation
What sets them apart
| Compare |  Exness |  Trade Nation |
|---|---|---|
| Minimum deposit | $10 | $0Lower |
| Markets | Stocks, Forex, CFDs, Crypto, Metals | Forex, CFDs, Spread betting |
| Regulators | FCA, CySEC, FSA Seychelles, FSCACovers more | FCA |
| Deposit and withdrawal fees | no deposit or withdrawal fee | Free deposits and withdrawals |
| Platforms | MT4, MT5, Exness Terminal, Exness Trade App | TN Trader |
| Maximum retail leverage | 1:Unlimited | 30:1 |
| Stock trade fee | $0 | Not confirmed |
| Retail accounts that lose money | Not confirmed | 57.1% |
Same on both: Inactivity fee ($0), Investor protection (FSCS up to GBP 85,000).
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Key differences
- Exness scores higher overall: 9.4 vs 8.9.
- Regulators: only Exness offers CySEC, FSA Seychelles, FSCA.
- Exness is licensed in 3 more countries.
- Minimum deposit is lower at Trade Nation: $0 vs $10.
- Markets: only Exness offers Stocks, Crypto, Metals.
- Markets: only Trade Nation offers Spread betting.
- Platforms: only Exness offers MT4, MT5, Exness Terminal.
- Platforms: only Trade Nation offers TN Trader.
Our verdict on each
Exness
Exness suits beginners and day traders who want to place stock trades without a dealing charge, with a stock trade fee of $0 and an inactivity fee of $0. Regulators listed are the FCA, CySEC, the FSA Seychelles and the FSCA, with FSCS up to GBP 85,000 stated for UK clients.
Trade Nation
Trade Nation suits UK retail traders who want a regulated, no-frills CFD account with nothing to pay for holding it. The minimum deposit is $0 and the inactivity fee is $0, so the running cost of an idle account sits at the very bottom of our table.
Score breakdown
| Area | Exness | Trade Nation |
|---|---|---|
| Cost | 9.3 | 9.6HigherInactivity fee of $0, minimum deposit of $0 and Free deposits and withdrawals for funding, all at the cheap end. |
| Offer | 9.6Higher | 8.5 |
| Trust | 9.5Higher | 8.6 |
Licences and countries
| Country | Exness | Trade Nation |
|---|---|---|
| United Kingdom | FCA 525164 | |
| Cyprus | Not confirmed | |
| Seychelles | Not confirmed | |
| South Africa | FSCA 51024 | Not confirmed |
How they place
| Ranking | Exness | Trade Nation |
|---|---|---|
| Forex brokers | 22 of 147 | 71 of 147 |
| Low-spread forex brokers | 20 of 145 | 69 of 145 |
| CFD brokers | 17 of 122 | 60 of 122 |
Side by side, item by item
| Markets | Exness | Trade Nation |
|---|---|---|
| Stocks | Yes | No |
| Forex | Yes | Yes |
| CFDs | Yes | Yes |
| Crypto | Yes | No |
| Metals | Yes | No |
| Spread betting | No | Yes |
What we checked
Exness
- brokerchampion.com: 3 facts, checked September 26, 2026
- brokeranalysis.com: 2 facts, checked September 26, 2026
- e-trading.cn.com: 2 facts, checked September 26, 2026
- exness.org: 2 facts, checked September 26, 2026
- newyorkcityservers.com: 2 facts, checked September 26, 2026
Trade Nation
- forexrev.com: 4 facts, checked September 26, 2026
- tradenation.com: 3 facts, checked September 26, 2026
- fxscouts.com.au: 2 facts, checked September 26, 2026
- safeforexbrokers.com: 2 facts, checked September 26, 2026
Every fact side by side
| Fact | Exness | Trade Nation |
|---|---|---|
| Features | Not confirmed | Mobile app |
| Pricing model | Commission free, Low fees | Not confirmed |
| Audience | Beginners, Day traders | Not confirmed |
| Legal entity | Exness (SC) Ltd | Trade Nation Financial UK Ltd |
| Headquarters | Cyprus | Not confirmed |
| Founded | 2008 | Not confirmed |
Where each stands against the rest
| Fact | Exness | Trade Nation | Median |
|---|---|---|---|
| Minimum deposit | $10below the median | $0below the median | $25 |
| Stock trade fee | $0at the median | Not confirmed | $0 |
| Inactivity fee | $0at the median | $0at the median | $0 |
| Retail accounts that lose money | Not confirmed | 57.1%lowest quarter | 72.05% |
Median across 134 listed brokers.
Pros and cons
Exness
Pros
- A $0 stock trade fee, with the pricing model read as commission-free and low-fee.
- An inactivity fee of $0, so a dormant balance is not billed.
- Deposits and withdrawals carry no charge, so moving money costs nothing.
Cons
- Retail leverage is listed at 1:Unlimited, and 70.15% of retail accounts on this site lose money.
- Regulators listed include the FSA Seychelles and the FSCA alongside the FCA and CySEC, so the entity behind an account can differ by market.
- The market list, stocks, forex and cfds, stops short of ETFs and futures, so share investors wanting those should look elsewhere.
Trade Nation
Pros
- Minimum deposit of $0, top of our list on deposits
- Inactivity fee of $0, also top of our list
- Free deposits and withdrawals, so moving money on and off carries no charge
Cons
- Markets are limited to forex, cfds and spread betting, so there is no share dealing alongside the CFDs
- Retail accounts that lose money stand at 57.1%, lower than most brokers on our table but still a majority
- Only one platform, TN Trader, with a mobile app as the stated feature
Who each suits
Exness
Who it suits
- Beginners and day traders, the audiences the brand names.
- Traders who want a $0 stock trade fee and an inactivity fee of $0 on the same account.
- Desktop and mobile users who want to trade across MT4, MT5 and Exness Terminal.
Who should look elsewhere
- CFI, where the minimum deposit is $0.
- Vantage, with a minimum deposit of $5.
- eToro, which also covers ETFs and futures beyond the markets listed here.
Trade Nation
Who it suits
- UK traders who want an FCA regulated account with no minimum balance
- Anyone who keeps a CFD account open for months and does not want an inactivity charge
- Beginners who prefer one clear platform, TN Trader, rather than a choice
Who should look elsewhere
- Buy and hold investors, since markets run to forex, cfds and spread betting only
- Traders who want crypto, futures or options, none of which sit in forex, cfds and spread betting
- Anyone wanting several platforms, as only TN Trader is listed
Questions about each
Exness
What does Exness charge to buy a stock?+
Share dealing runs at a stock trade fee of $0, and the pricing model is listed as commission-free and low-fee. On this site's stock trade fee ranking Exness sits at 1 of 161, so the per-trade cost sits at the cheap end of the brands compared. Deposits and withdrawals carry no charge either.
Does Exness charge an inactivity fee?+
The inactivity fee is $0, so a dormant account is not billed for sitting still. Exness ranks 1 of 56 on this measure, at the top of the table of brands compared. Some rivals charge for unused accounts, so this saves money for anyone who opens an account and leaves it quiet for a while.
Trade Nation
What is the minimum deposit at Trade Nation?+
The minimum deposit is $0, which is 1 of 213 brands in our table. You can open an account with a small balance and add more whenever you want. Deposits themselves carry no charge, since Free deposits and withdrawals.
Does Trade Nation charge an inactivity fee?+
The inactivity fee is $0, which puts it at 1 of 56 brands on that measure. If your account sits unused for a while, there is no monthly deduction for holding it open.
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