Written by ForexBrokers.com
In this head to head comparison of DooPrime vs Trade Nation, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
DooPrime and Trade Nation are both online brokers that were founded in 2014 and are not publicly traded or registered as banks. Despite these similarities, they differ in terms of regulatory licensing and trust ratings. DooPrime holds four Tier-1 licenses, a mark of high trust according to ForexBrokers.com standards, while Trade Nation holds two. Additionally, Trade Nation has one Tier-2 license, contributing to its trusted status.
When it comes to trust ratings, Trade Nation scores slightly higher with an 85 out of 99, compared to DooPrime's 83, both placing them in the 'trusted' category by ForexBrokers.com. These ratings reflect their regulatory compliance and the level of reliability investors can expect. With both brokers falling in the 'trusted' category, questions of choice may revolve more around their service offerings and personal preferences rather than trustworthiness alone.
| Feature |
DooPrime
|
Trade Nation
|
|---|---|---|
| Year Founded | 2014 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 2 |
When comparing the commissions and fees of online brokers DooPrime and Trade Nation, it's clear that there are significant differences. DooPrime receives a three-star rating out of five for commissions and fees, suggesting there may be opportunities for competitive adjustments. Unfortunately, detailed average spread data for DooPrime is not readily available, which may make it difficult for investors to evaluate overall costs effectively. Consequently, DooPrime ranks at #58 out of 62 on ForexBrokers.com's list for this category.
On the other hand, Trade Nation excels in its pricing strategy, earning an impressive five-star rating for commissions and fees. With its competitive pricing, Trade Nation ranks #7 out of 62 according to ForexBrokers.com. The platform offers both fixed and variable spreads, maintaining a fixed spread distance even as prices update in real time. The fixed spread for the EUR/USD pair is set at 0.6 pips, which can widen to 1.4 pips during the rollover period. This innovative pricing setup means that the average effective spread is typically close to 1 pip, depending on various factors like time and trade volume.
Trade Nation offers three main account types: two based on MetaTrader, including a Raw Spread account with a $7 round-trip commission per standard lot and a commission-free account, and the TN Trader account using its proprietary platform. Notably, the TN Trader account tends to offer the lowest overall costs when factoring in all-in spreads, making it particularly attractive for traders aiming for predictable and transparent fees.
| Feature |
DooPrime
|
Trade Nation
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | N/A | 0.6 |
| All-in Cost EUR/USD - Active | N/A | 0.6 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing DooPrime and Trade Nation for their investment offerings, both brokers provide forex trading as CFD or spot contracts. DooPrime stands out with a vast selection, featuring 10,000 tradable symbols and 60 forex pairs, while Trade Nation offers 1,000 symbols and 46 forex pairs. Additionally, DooPrime enables clients to invest in exchange-traded securities on both U.S. and international exchanges, providing opportunities to buy shares in companies like Apple and Vodafone. In contrast, Trade Nation does not offer direct investment in such securities, focusing instead on derivative products including cryptocurrency derivatives, which are not available with DooPrime. Both platforms, however, offer copy trading to enhance investment strategies.
In terms of ratings, DooPrime achieves an impressive 5 stars for its range of investments, ranking 12th out of 62 brokers, while Trade Nation receives 3.5 stars, placing 38th in the same category. This distinction highlights DooPrime's extensive array of investment options compared to Trade Nation, making it a more attractive choice for those seeking a wider range of assets.
| Feature |
DooPrime
|
Trade Nation
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 1000 |
| Forex Pairs (Total) | 60 | 46 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing DooPrime and Trade Nation for their trading platforms and tools, both brokers offer a comprehensive range of features designed to meet the needs of online traders. DooPrime excels with its proprietary platform that supports both MetaTrader 4 and MetaTrader 5, while Trade Nation offers its proprietary platform with MetaTrader 4. Both provide free virtual demo accounts, allowing users to practice trading risk-free. Desktop and web-based platforms are also available from both brokers, offering flexibility and convenience. Moreover, they each support copy trading, making them versatile options for traders of all levels.
On the technical side, DooPrime offers 15 drawing tools for charting but lags slightly behind Trade Nation's 39. However, DooPrime provides the advantage of trading directly from a stock chart, a feature not found in Trade Nation's offerings. While Trade Nation offers 14 columns for watch lists, DooPrime specifies 7, catering to different levels of customization needs. Both brokers share a 4-star rating for their trading platforms and tools, though DooPrime ranks higher at #25 compared to Trade Nation's #45, according to ForexBrokers.com. These insights reflect that both brokers are equipped to serve a variety of trading preferences with solid platform choices and trading capabilities.
| Feature |
DooPrime
|
Trade Nation
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 99 |
| Charting - Drawing Tools (Total) | 15 | 39 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 7 | 14 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When looking for a mobile trading app that suits your needs, both DooPrime and Trade Nation present solid options for iPhone and Android users. They both offer essential features like stock and forex price alerts, trendline drawing, and the ability to view charts in various time frames, which help traders manage their investments efficiently on the go. While both allow the creation of watchlists with real-time quotes, Trade Nation stands out with its ability to sync these watchlists with the client's online account, a feature that DooPrime does not offer.
In terms of technical analysis tools, Trade Nation offers a more comprehensive suite with 99 technical studies compared to DooPrime's 30, making it a better choice for traders who rely heavily on technical indicators. Despite this difference, both apps have received a solid 4-star rating for mobile trading, signifying user satisfaction. According to ForexBrokers.com, DooPrime ranks 24th out of 62 brokers for mobile apps, whereas Trade Nation is at the 45th position, suggesting that DooPrime might have a slight edge in overall user experience.
| Feature |
DooPrime
|
Trade Nation
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 99 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing DooPrime and Trade Nation for market research offerings, DooPrime stands out with its daily market commentary and forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones. In contrast, Trade Nation provides forex news from similar high-quality sources but does not include daily market commentary. Both brokers do not offer tools from Autochartist, but DooPrime provides valuable technical analysis tools through Trading Central, whereas Trade Nation does not. Additionally, while Trade Nation supplies traders with sentiment-based tools to view long and short positions across currency pairs, DooPrime does not offer this feature.
Another point of difference is the availability of economic calendars. DooPrime offers a detailed economic calendar showing global economic news events, a tool absent from Trade Nation's offerings. Trade Nation compensates with tools from Acuity Trading like the Signal Centre, which DooPrime lacks. These distinctions reflect in their ratings, with DooPrime earning a 4-star rating for research versus Trade Nation's 3.5 stars. According to ForexBrokers.com rankings, DooPrime is positioned at #29, whereas Trade Nation is ranked at #42 out of 62 brokers in the research category.
| Feature |
DooPrime
|
Trade Nation
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | No |
Dive deeper: Best Brokers for Forex Research.
When comparing DooPrime and Trade Nation, both platforms provide educational resources for beginners interested in forex or CFDs, offering more than 10 educational pieces each, such as articles and videos. A significant distinction between the two brokers is the range of educational videos available. DooPrime excels with a comprehensive collection of beginner and advanced trading videos, catering to both novice and experienced traders alike. Trade Nation, while offering enough beginner videos, falls short in providing advanced content for seasoned traders. Neither DooPrime nor Trade Nation host online educational webinars or provide a library of past sessions for clients to explore, which could be a limitation for those who prefer interactive learning experiences.
While neither broker offers an investor dictionary for clients looking to understand investment terminology, DooPrime earns a slightly higher educational rating of 4 stars, compared to Trade Nation’s 3.5 stars. According to rankings by ForexBrokers.com, DooPrime holds a competitive position at 24th place out of 62 brokers for its educational offerings. Meanwhile, Trade Nation is ranked 42nd in the same category. These small but notable differences in resources and ratings may guide beginners in selecting the broker that aligns better with their educational needs.
| Feature |
DooPrime
|
Trade Nation
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that DooPrime is better than Trade Nation. DooPrime finished with an overall rank of #28, while Trade Nation finished with an overall rank of #34.
DooPrime is mainly regulated in the UK, as well as two offshore locations (Vanuatu and Mauritius), and offers 10,000 investment products, and multiple platforms including the full MetaTrader suite, and social copy trading platforms. That said, DooPrime trails behind the best brokers in key categories.
| Feature |
DooPrime
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Trade Nation
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 85 |
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In comparing online brokers DooPrime and Trade Nation, neither offers the ability to purchase actual delivered cryptocurrencies, but Trade Nation stands out by providing the option to buy cryptocurrency derivatives, a feature not available with DooPrime.
When comparing the online brokers DooPrime and Trade Nation in terms of deposit and withdrawal options, both offer bank wires, Visa, or Mastercard, and Skrill; however, DooPrime also supports PayPal, which Trade Nation does not, while neither broker provides ACH or SEPA transfers.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | DooPrime | Trade Nation | |
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| Trust Score | 83 | 85 | |
| Winner | check_circle | ||
| Review | Trade Nation Review |
| Broker Screenshots | DooPrime | Trade Nation | |
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| Regulation | DooPrime | Trade Nation | |
|---|---|---|---|
| Trust Score | 83 | 85 | |
| Year Founded | 2014 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 2 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | Trade Nation | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | DooPrime | Trade Nation | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | DooPrime | Trade Nation | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 1000 | |
| Forex Pairs (Total) | 60 | 46 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | DooPrime | Trade Nation | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 0.6 | |
| All-in Cost EUR/USD - Active | N/A | 0.6 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | Trade Nation | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | DooPrime | Trade Nation | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | DooPrime | Trade Nation | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 14 | |
| Charting - Indicators / Studies (Total) | 30 | 99 | |
| Charting - Drawing Tools (Total) | 15 | 39 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | No |
| Mobile Trading | DooPrime | Trade Nation | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 99 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | No |
| Research | DooPrime | Trade Nation | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | No |
| Education | DooPrime | Trade Nation | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | DooPrime | Trade Nation | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Trade Nation Review |
| Overall | DooPrime | Trade Nation | |
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| Trust Score | 83 | 85 | |
| Winner | check_circle | ||
| Review | Trade Nation Review |
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