Can Brokers Be Trusted?
We strongly believe in fair trading but it’s no good just talking about it. These are the questions we’re raising to give our traders the experience they deserve.
Is your broker really trustworthy?
As a trader, you wouldn’t put your money in the hands of a broker if you didn’t trust them. They are, after all, the ones who know the ins and outs of the markets and can provide insights to help you make better decisions. However, remember that they also have sales quotas to meet, and therefore may not necessarily share your interests.
Omitting or misrepresenting important facts and other deceitful practices mean trading is often seen as a fundamentally unfair pursuit. We’re on a mission to change this perception by working every day to become a fairer company.
What actions are Trade Nation taking?
First and foremost, unlike some brokers who make it near-impossible to identify and understand the costs to trade, we are totally open about our charges.
- You trade on margin with us, so you pay a small amount of interest each night your position is open. This is because we effectively lend you the full amount of your trade value.
- Other than that, there is just the spread to consider, which determines your trading costs.
Speaking of spreads, we also give you a fairer trading experience by keeping them low and fixed.
- This removes any uncertainty as your charges will remain exactly the same even if markets become volatile. And when you know the spread in advance, it’s far easier to assess your risks too.
However, these steps are just the beginning.
Here at Trade Nation, we are constantly listening, learning and adapting in order to grow and develop as a company. We always strive for fairness and encourage you to hold us accountable when we fall short so we can learn from our mistakes.