Updated September 29, 2026 · BrokerCue Editorial Team
Plus500 vs Trade Nation
Where Plus500 and Trade Nation differ
| Compare |  Plus500 |  Trade Nation |
|---|---|---|
| Markets | Stocks, ETFs, Forex, Options, Crypto | Forex, CFDs, Spread betting |
| Regulators | Financial Conduct Authority, Cyprus Securities and Exchange Commission | FCA |
| Retail accounts that lose money | 81% | 57.1% |
| Platforms | Plus500 WebTrader, Plus500 Mobile App | TN Trader |
| Minimum deposit | Not confirmed | $0 |
| Inactivity fee | Not confirmed | $0 |
| Deposit and withdrawal fees | Not confirmed | Free deposits and withdrawals |
| Maximum retail leverage | Not confirmed | 30:1 |
Same on both: Investor protection (FSCS up to GBP 85,000).
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Key differences
- Plus500 scores higher overall: 9.4 vs 8.9.
- Regulators: only Plus500 offers Financial Conduct Authority, Cyprus Securities and Exchange Commission.
- Regulators: only Trade Nation offers FCA.
- Plus500 is licensed in 1 more country.
- Markets: only Plus500 offers Stocks, ETFs, Options.
- Markets: only Trade Nation offers CFDs, Spread betting.
- Platforms: only Plus500 offers Plus500 WebTrader, Plus500 Mobile App.
- Platforms: only Trade Nation offers TN Trader.
- Features: only Plus500 offers Demo account.
Our verdict on each
Plus500
Plus500 suits UK and European retail traders who want one account covering stocks, etfs and forex in a single app. The UK arm is authorised by the Financial Conduct Authority, with FSCS up to GBP 85,000 behind UK balances and costs charged per trade rather than as a flat account fee.
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 | Plus500 | Trade Nation |
|---|---|---|
| Cost | Not confirmed | 9.6Inactivity fee of $0, minimum deposit of $0 and Free deposits and withdrawals for funding, all at the cheap end. |
| Offer | 9.3Higher | 8.5 |
| Trust | 9.5Higher | 8.6 |
What each covers
| Markets | Plus500 | Trade Nation |
|---|---|---|
| Stocks | Yes | No |
| ETFs | Yes | No |
| Forex | Yes | Yes |
| CFDs | No | Yes |
| Options | Yes | No |
| Crypto | Yes | No |
| Spread betting | No | Yes |
What we checked
Plus500
- 500affiliates.com: 4 facts, checked September 26, 2026
- plus500.com: 4 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
How they place
| Ranking | Plus500 | Trade Nation |
|---|---|---|
| Forex brokers | 25 of 147 | 71 of 147 |
| Low-spread forex brokers | 23 of 145 | 69 of 145 |
Every fact side by side
| Fact | Plus500 | Trade Nation |
|---|---|---|
| Features | Demo account, Mobile appCovers more | Mobile app |
| Legal entity | Plus500UK Ltd | Trade Nation Financial UK Ltd |
| Support channels | Chat, Email, Help centre | Not confirmed |
Where each stands against the rest
| Fact | Plus500 | Trade Nation | Median |
|---|---|---|---|
| Minimum deposit | Not confirmed | $0below the median | $25 |
| Inactivity fee | Not confirmed | $0at the median | $0 |
| Retail accounts that lose money | 81%highest quarter | 57.1%lowest quarter | 72.05% |
Median across 134 listed brokers.
Pros and cons
Plus500
Pros
- Costs are charged per trade, with no account fee listed
- UK protection stands at FSCS up to GBP 85,000
- One account spans stocks, etfs and forex in the same app
Cons
- Losses run high at 81% of retail accounts
- Support runs on chat, email and help centre only, with no phone line
- Retail loss of 81% tops the site median of 70.15%
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
Plus500
Who it suits
- UK retail traders wanting one app for several asset classes
- First-time traders who can practise on the demo account
- Traders who prefer one platform over several brokers
Who should look elsewhere
- Long-term investors wanting ISA or SIPP style accounts
- Traders wanting CFDs or futures, absent from stocks, etfs and forex
- Traders who want a phone line rather than chat, email and help centre
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
Plus500
What does Plus500 cost to trade?+
Plus500 charges per trade rather than a flat account fee, and no account fee is listed for the brand. Retail loss figures sit high at 81%, so costs per trade matter more than an annual charge.
Is Plus500 regulated in the UK?+
Yes. The UK arm trades as Plus500UK Ltd and is authorised by the Financial Conduct Authority under 509909. A Cyprus entity is separately authorised by the Cyprus Securities and Exchange Commission under 250/14.
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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