Impersonation of Trade Nation Australia Pty Ltd (tradenation.biz) has been flagged by ASIC (Australia) for "Imposter". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.tradenation.biz.
I lost a significant amount because Impersonation of Trade Nation Australia Pty Ltd (tradenation.biz) did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Segregated accounts|Copy trading available|Full transparency
Cons: Minimum deposit could be lower|No integrated tax optimization
Impersonation of Trade Nation Australia Pty Ltd (tradenation.biz) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Two-factor authentication|Copy trading available
Cons: Limited cryptocurrency options|Minimum deposit could be lower
I requested my data from Impersonation of Trade Nation Australia Pty Ltd (tradenation.biz) under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Customizable dashboard|Regular platform improvements|Fast deposits
Cons: Inactivity fee applies after 12 months
Customer support at Impersonation of Trade Nation Australia Pty Ltd (tradenation.biz) seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Multiple order types|Responsive team|Instant funding
Cons: Slow to add new assets|Live chat only during business hours
I signed up with Impersonation of Trade Nation Australia Pty Ltd (tradenation.biz) after doing extensive research and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Real-time alerts|Automated trading options|Reliable uptime|Multi-currency support
Cons: Research section could be deeper
The onboarding at Impersonation of Trade Nation Australia Pty Ltd (tradenation.biz) was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Risk management tools|API access
Cons: Slow to add new assets
Impersonation of Trade Nation Australia Pty Ltd (tradenation.biz) has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Multiple order types|Economic calendar|Copy trading available
Cons: Limited demo account features
Impersonation of Trade Nation Australia Pty Ltd (tradenation.biz) seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Dividend tracking|Regular updates|Risk management tools|Intuitive for beginners
Cons: Some tools only available on higher tiers|Alert system is basic
I opened an account with Impersonation of Trade Nation Australia Pty Ltd (tradenation.biz) for close to eighteen months ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: High security standards|Reliable uptime
Cons: Minimum deposit could be lower|Nothing significant
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Impersonation of Trade Nation Australia Pty Ltd (tradenation.biz) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Fast deposits|Helpful community forum|Real-time alerts|Professional team
Cons: Limited demo account features|Withdrawal takes 1-2 business days