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Trade Nation in Pakistan — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
Key facts (6 facts)
- Onboarding entity
- Trade Nation Ltd
- Founded
- 2014
- Retail leverage
- 200PK
- Round turn
- 6 USDPK
- Currencies
- Account base currencies GBP, EUR, USD, AUD and ZAR; no PKR account.
- Swap-free account
- yes
Licence check
Open an account with Trade NationThe broker's own website. Not a partner link — we earn nothing from it.
Taxes for a Pakistani resident(1 rule)
- Forex/derivatives trading profit for residents is generally taxed as income;https://tradenation.com
Not tax advice. Check with the Federal Board of Revenue.
Who actually onboards you
- Entity that onboards Pakistan residents
- Trade Nation Ltd
- Local standing
- Offshore (SCB Bahamas); not authorised by Pakistan's SECP or SBP; no local compensation scheme.
- Licence as the register states it
- Trade Nation Ltd holds SCB Bahamas licence No. SIA-F216; no local SECP licence.
- Leverage for this entity
- Up to 1:200 via the SCB entity (subject to internal suitability check); not capped by a Pakistani regulator.
- The firm behind it
- Founded 2014 as Core Spreads (UK spread betting), rebranded Trade Nation 2019; HQ 14 Bonhill Street, London; CEO Jon Noble, owner Jasper White.
- What we hold against it
- Served offshore; forex margin trading via foreign brokers sits in a legal grey area under SBP rules and Trade Nation is not SECP-licensed. No verified local warning at review.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Pakistani residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youOffshore (SCB Bahamas); not authorised by Pakistan's SECP or SBP; no local compensation scheme.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against Pakistan market median(priced from 36 of 62)
Medians run over the 36 of 62 brokers that publish a price for Pakistan, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Two live tiers - lower-leverage (up to 1:30), higher-leverage (up to 1:200), plus demo, TN Trader is fixed-spread, MT4 floating. Min deposit USD 0. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (3 methods · 0 local rails)
Visa/Mastercard and bank transfer;
- Visa
- Mastercard
- Bank transfer
- Account currency
- Account base currencies GBP, EUR, USD, AUD and ZAR; no PKR account.
- Fee declared
- 3 of 3 methods
- Withdrawal back to
- the funding method
Where it does not serve(30 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(3 platforms)
- TN Trader
- MetaTrader 4
| Class | Count | Min spread |
|---|---|---|
| TN Trader | — | 0.6 |
| MetaTrader 4 | — | 0.6 |
| All instruments | 1000+ | — |
114 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 108 more.
Identical for every row: Leverage 200 PK.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.4 | 728 |
Share of reviewers in Pakistan: — The platform does not publish it.
Pros and cons(5 for and 2 against, each tied to a figure on this page)
- Round turn 6 USD on the standard basis, under the Pakistan median 7
- Min deposit 0 USD, under the Pakistan median 7.5
- Withdrawal in 24 h, one of 46 of 62 brokers here that publish a time
- Swap-free account available
- Round-turn cost 95 of 100, its strongest of 6 scored axes
- No Pakistan authorisation on file: the entity that onboards you is licensed elsewhere
- Safety 10 of 100, its weakest of 6 scored axes
Where Trade Nation sits in the Pakistan base(62 brokers)
Round-turn cost, USD (36 of 62 priced)
Median 7 USD · range 3-19 · this broker 6 USD · 26 of 62 brokers do not publish it
Minimum deposit, USD (16 of 62 priced)
Median 7.5 USD · range 0-237.2 · this broker 0 USD · 46 of 62 brokers do not publish it
Retail leverage (34 of 62 with a Pakistan figure)
Median 1:750 · range 50-5000 · this broker 1:200 · 28 of 62 brokers do not publish it
Withdrawal time published (62 brokers)
Alternatives in Pakistan(5 of 62 scored in Pakistan)
- Round turn, USD
- 6PK
- Min deposit, USD
- 5 groupPK
- Leverage
- 2000PK
- Rank in this country
- #2
- Round turn, USD
- 5PK
- Min deposit, USD
- 10PK
- Leverage
- 2000PK
- Rank in this country
- #4
- Round turn, USD
- 6PK
- Min deposit, USD
- 0PK
- Leverage
- 500PK
- Rank in this country
- #6
- Round turn, USD
- 6PK
- Min deposit, USD
- 5 groupPK
- Leverage
- 3000PK
- Rank in this country
- #7
- Round turn, USD
- 8PK
- Min deposit, USD
- 10 groupPK
- Leverage
- 200PK
- Rank in this country
- #8
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Pakistan score. Full methodology
| Axis | Weight | What is measured | Trade Nation |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 70 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 95 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 10 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 60 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 25 |
FAQ
- Does Trade Nation accept residents of Pakistan?
- No. Offshore (SCB Bahamas); not authorised by Pakistan's SECP or SBP; no local compensation scheme. Onboarding entity: Trade Nation Ltd
- Is Trade Nation licensed to serve clients in Pakistan?
- Trade Nation Ltd holds SCB Bahamas licence No. SIA-F216; no local SECP licence. Checked on 09.07.2026.
- How much does one round turn cost at Trade Nation?
- About 6.0 USD per standard lot on EUR/USD. The median across brokers measured for Pakistan is 7.0 USD.
- What leverage does Trade Nation offer to retail clients in Pakistan?
- Up to 1:200. Up to 1:200 via the SCB entity (subject to internal suitability check); not capped by a Pakistani regulator.
- Which trading platforms does Trade Nation support?
- TN Trader, MetaTrader 4. Instruments: 1,000+ instruments - ~40 forex pairs, ~1,100 share CFDs, plus indices, commodities and crypto CFDs.
- How can I withdraw money from Trade Nation in Pakistan?
- Visa/Mastercard and bank transfer; local PKR rails not verified at review.
- What account types does Trade Nation offer?
- Two live tiers - lower-leverage (up to 1:30) and higher-leverage (up to 1:200), plus demo; TN Trader is fixed-spread, MT4 floating. Min deposit USD 0.
- Does Trade Nation offer a swap-free (Islamic) account?
- Yes. Trade Nation offers a swap-free (Islamic) account to Pakistan residents.
Cost calculator (median of 36 priced of 62)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a PKR conversion because the exchange rate is not part of our data.