General Information
Nation FX Is An Established Trading Entity That Has Been In Business For 2-5 Years And Is Headquartered In Saint Vincent And The Grenadines. Nation FX Is A Trading Broker That Can Serve Almost Every Country In The World. Since Its Inception, Nation FX Has Successfully Expanded To Serve Retail Clients In Over 180 Countries And Is Growing Widely.
Nation FX Offers CFDs Across Six Asset Classes: Forex, Equities, Spot Indices, Futures, Metals, Cryptocurrencies And Energy. Nation FX Provides Clients With Top-of-the-line Liquidity And Advanced Trade Execution Without The Intervention Of A Trading Desk. Individual Users Can Trade Forex And Derivatives Online Using Nation FX's Account Types, Trading Software And Tools.
Nation FX Offers An Unparalleled Range Of Account Options From Which Clients Can Choose To Create A Custom Trading Experience That Meets Their Specific Requirements. Nation FX Provides Clients At All Levels With All The Tools And Services They Need To Achieve Their Trading Objectives, Including Improved Trading Conditions And Lightning-fast Execution Speed.
Regulatory Information
Nation FX Operates Under The Regulatory Framework Of The Australian Securities And Investments Commission (asic) As A Designated Representative (ar). Their License Number Is 001304800. But The Official Website Of The Australian Securities And Investments Commission Shows That It Has Been Cancelled! Investors Are Reminded Of The Risks!
Pros And Cons
Pros:
Multiple Deposit Options: The Broker Accepts A Variety Of Cryptocurrencies And Digital Payment Methods As Deposits, Providing Clients With Flexibility To Fund Their Accounts.
Educational Resources: Nation FX Offers An Economic Calendar And Exclusive Forex Real-time Capital Analysis (for Clients), Providing Valuable Information For Traders Seeking To Make Informed Decisions.
Cons:
Limited Withdrawal Information: The Lack Of A Publicly Available Withdrawal Method Has Raised Concerns As Clients May Not Be Clear On How To Access Their Funds.
Delayed Customer Support: While Live Chat Is Available, Its Response Times Are Reported To Be Slow And May Frustrate Clients Seeking Immediate Help.
Unverified Spreads: The Broker Advertises Low Spreads But Does Not Provide Specific Details On Rawspread Accounts, Leading To Potential Clients Being Unsure About Transaction Costs.
Market Tools
Nation FX Offers A Range Of Market Instruments Including Forex, Equities, Spot Indices, Futures, Metals And Energy. Details Are As Follows:
Forex: Nation FX Offers Forex Market Trading Where Clients Can Trade Currency Pairs Such As EUR/USD And GBP/JPY.
Inventory: Clients Can Trade Shares Of Listed Companies In Various Markets Around The World.
Spot Indices: This Broker Offers Trading On The Performance Of Stock Market Indices (e.g. Standard & Poor 500 Index Or FTSE 100 Index).
Futures: Nation FX Enables Clients To Speculate On Future Prices Of Commodities, Currencies Or Financial Instruments Through Futures Contracts.
Metals: Clients Can Trade Precious Metals Such As Gold And Silver, Which Are Known For Their Value And Stability.
Energy: This Broker Offers Trading In Energy Commodities, Allowing Clients To Trade Products Such As Oil.
Account Type
Nation FX Offers Two Accounts: Rawspread And Classic. Details Are As Follows:
Original Account: The Offered Rawspread Account Nation FX Is Designed For Traders Looking For Favorable Trading Conditions. With A Minimum Deposit Of $200, This Account Type Offers A Wide Range Of Financial Instruments, Including Forex And CFDs On Stocks, Spot Indices, Commodities, Futures, Metals And Energy. Traders Can Benefit From Leverage Of Up To 1:300, With Spreads Reportedly Starting From 0.0 Pips, However, Commissions Of Up To $15 Can Be Charged.
Classic Account: Nation FX Offers A Classic Account With A Minimum Deposit Of $100, Catering To Traders With Different Risk Appetite. The Spreads Advertised By This Account Type Start From 0 Pips (although This Figure Has Been Disputed By User Reviews) And Offer A Potentially More Cost-effective Trading Experience Compared To The Original Spread Account. Like Rawspread Accounts, It Offers Forex And CFDs On A Range Of Financial Instruments With Leverage Up To 1:300.
How Do I Open An Account?
Visit The Website: First Navigate To Nation FX To View The Brokerage Website By Entering "https://nation-fx.com/" In Your Web Browser.
Account Registration: Look For The "Start Trading Now" Button On The Website Homepage And Click It.
Provide Personal Information: You Will Be Taken To Regedit, Where You Will Need To Provide Personal Information, Including Your Full Name, Email Address, Phone Number, And Country Of Residence. Ensure That The Information You Provide Is Accurate And Matches Your Identification Documents.
Select Account Type: Select The Type Of Account You Want To Open, Whether It Is A Rawspread Account Or A Classic Account. Be Sure To Review The Account Details And Select An Account That Matches Your Trading Preferences.
Verify Identity: Nation FX May Require You To Complete The Know Your Customer (kyc) Process For Identity Verification. This Typically Involves Submitting Copies Of Government-issued Identification, Proof Of Address, And Any Other Required Documents.
Minimum Deposit Amount
Nation FX Offers Two Different Minimum Deposit Rates For Its Account Types. Rawspread Accounts Require A Minimum Deposit Amount Of $200 To Meet The Needs Of Traders Seeking Favorable Terms. In Contrast, Classic Accounts Have A Lower Minimum Deposit Requirement Of $100 And Are Suitable For Traders With Different Risk Appetite. These Minimum Deposit Rates Allow Traders To Choose Accounts That Match Their Level Of Financial Comfort And Trading Goals.
Leverage
Nation FX Offers Different Levels Of Leverage For Its Trading Accounts. For Forex Currency Pairs, The Maximum Leverage Available Is 1:300, Providing Traders With The Flexibility To Manage Currency Trading. However, When Trading Indices, Commodities, And Cryptocurrencies, The Maximum Leverage Is Set At 1:100. This Range Of Leverage Options Allows Traders To Adjust Positions Based On Their Specific Trading Strategy And Risk Tolerance.
Spread
The Spread Offered By Nation FX Varies Depending On The Account Type Selected. In The Original Spread Account, The Spread Is 0 Pips For Major Currency Pairs And 0.1 Pips For Minor Currency Pairs. It Is Worth Noting That This Account Charges A $15 Commission On Each Lot Traded Above The Spread. Classic Accounts, On The Other Hand, Offer Spreads Starting At 0.0 Pips, But Mostly Exceeding 1.6 Pips. Traders Should Consider These Spreads And Commission Details When Evaluating The Cost Structure Of Their Preferred Account Type.
Deposit And Withdrawal
Although Nation FX Offers Traders Multiple Deposit Methods, Including Popular Cryptocurrencies Such As Bitcoin, Ethereum, Tether, Busd, Litecoin, And Ripple, As Well As Traditional Options Such As Epay And Bnb, It Is Worth Noting That Brokers Do Not Disclose Information About Withdrawal Methods Beforehand To Registration. The Responsibility For Providing This Basic Information Rests With The Broker, And Potential Clients May Find It Important To Ask About Available Withdrawal Options To Ensure They Match Their Preferred Payment Method And Preferences.
Trading Platform
Nation FX Offers The MetaTrader 4 (MT4) Trading Platform, Providing Traders With A Well-developed And Widely Used Platform For Their Trading Activities. Mt4 Is Known For Its User-friendly Interface And Advanced Charting Tools, But It Is Worth Noting That Nation FX Does Not Allow The Use Of Expert Advisors (EAS) On Its Platform.
Customer Support
Nation FX Provides Customer Support Primarily Through Email And A Live Chat Feature On The Website.
Email Support: Traders Can Contact The Support Team At Nation FX To Contact [email protected] Via Email. The Channel Allows For Written Communication And Is Suitable For Non-urgent Enquiries Or Detailed Requests. Replying Via Email May Take Some Time, So Traders Should Consider The Nature Of Their Queries And The Possibility Of A Delayed Response.
Live Chat Support: Nation FX Offers A Live Chat Feature On Its Website For Live Assistance. While The Live Chat Is Advertised, It Is Worth Noting That The Broker Mentioned That Response Times Can Be Delayed. Therefore, Traders Should Be Prepared For Potential Wait Times When Using This Support Channel.
Educational Resources
Nation FX Advertises Educational Content As Their Economic Calendar And "Exclusive Forex Real-Time Capital Analysis". The Details Are As Follows:
Economic Calendar: Nation FX Provides Traders With An Economic Calendar, A Tool That Displays Important Financial Events, News Releases, And Economic Indicators. The Calendar Helps Traders Stay Informed Of Events That May Affect Financial Marekt, Enabling Them To Make Informed Trading Decisions Based On Economic Data And News.
Exclusive Forex Live Capital Analysis: Nation FX Provides So-called Exclusive Forex Live Capital Analysis To Clients, Although Specific Details About This Content Are Not Available To Non-clients.
