Written by ForexBrokers.com
In this head to head comparison of Trade Nation vs FXPrimus, 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.
Trade Nation and FXPrimus, both established online brokers, vary notably in their regulatory standings. Founded in 2014, Trade Nation is equipped with two Tier-1 licenses and one Tier-2 license, aligning with a Trust Score of 85 that ranks it within the trusted category according to ForexBrokers.com. It isn't publicly traded nor operates as a bank, yet it maintains a strong regulatory presence in the financial market.
On the other hand, FXPrimus, founded five years earlier in 2009, holds one Tier-1 license and doesn’t hold any Tier-2 licenses, which contributes to its Trust Score of 71—placing it at an average risk level. Like Trade Nation, FXPrimus isn't listed on a stock exchange and does not function as a bank. While both brokers show commitment to regulation, Trade Nation holds a stronger trust factor in the realm of online trading.
| Feature |
Trade Nation
|
FXPrimus
|
|---|---|---|
| Year Founded | 2014 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
Trade Nation and FXPrimus offer differing experiences when it comes to commissions and fees. Trade Nation stands out with its fixed-spread pricing on its proprietary platform, offering consistent rates with a spread as low as 0.6 pips for the EUR/USD pair. However, it's important to note that spreads can widen to as much as 1.4 pips during the daily rollover period. For those using the MetaTrader platform, Trade Nation offers both a commission-free account and a Raw Spread account, which involves a $7 round-trip commission per standard lot but provides potentially lower overall costs. This transparent pricing structure earns Trade Nation a commendable 5-star rating and places it 7th out of 62 brokers according to ForexBrokers.com's rankings in the Commissions and Fees category.
In contrast, FXPrimus does not provide average spread data, offering less visibility into its pricing tactics when compared to Trade Nation's straightforward approach. While they carry a respectable 4-star rating in the same category, they fall significantly in the rankings, positioned at 42 out of 62 brokers for commission and fee structures. This could suggest less competitive pricing or more variable costs compared to Trade Nation's fixed-rate model.
When selecting between these two brokers, prospective traders might appreciate Trade Nation's clearer fee structure and higher ranking in the Commissions and Fees category. With various account types catering to different trading platforms and strategies, Trade Nation could be a more appealing choice for those who prioritize predictable costs and value transparency. Meanwhile, FXPrimus, although solid with its 4-star rating, might not offer the same level of cost predictability due to its lack of disclosed average spread data.
| Feature |
Trade Nation
|
FXPrimus
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 0.6 | N/A |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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 the range of investments offered by Trade Nation and FXPrimus, both brokers cater to forex enthusiasts by providing forex trading as a CFD or spot contract. Trade Nation stands out with an impressive array of 1,000 tradeable symbols and offers 46 forex pairs, slightly surpassing FXPrimus, which features 140 tradeable symbols and 42 forex pairs. Despite these differences, neither broker provides access to exchange-traded securities on U.S. or international exchanges, limiting investors who seek to purchase stocks directly. For those interested in cryptocurrency trading, both companies offer cryptocurrency derivatives, but not the actual cryptocurrencies themselves.
In terms of alternative trading options, both Trade Nation and FXPrimus support copy trading, allowing investors to mirror successful trading strategies. When evaluated on their range of investments, each broker received a respectable 3.5 out of 5-star rating. However, Trade Nation holds a higher ranking, coming in at 38 out of 62 brokers according to ForexBrokers.com, compared to FXPrimus's rank of 59. This suggests that while the ratings are equal, Trade Nation may offer slightly broader investment services within its category.
| Feature |
Trade Nation
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 140 |
| Forex Pairs (Total) | 46 | 42 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | 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.
Trade Nation and FXPrimus both offer a range of trading platforms and tools for their clients, making them competitive options for traders. Both brokers provide a free virtual demo account, allowing users to practice and refine their trading skills without risk. Each broker also offers a proprietary platform that they've developed in-house, alongside a Windows-based desktop download platform and a web-based browser platform, which ensures great accessibility. Additionally, Metatrader 4 (MT4) is supported by both, though only FXPrimus also offers MetaTrader 5 (MT5). Furthermore, both platforms accommodate copy trading, but neither supports DupliTrade or ZuluTrade.
In terms of charting capabilities, Trade Nation and FXPrimus present distinct differences. While the exact number of technical indicators is not specified, Trade Nation shines in offering 39 drawing tools compared to FXPrimus's 15, which might provide more comprehensive chart analysis for some traders. FXPrimus stands out by providing the ability to trade directly from a stock chart, a feature not available with Trade Nation. When it comes to managing watch lists, Trade Nation offers 14 columns for added detail, surpassing FXPrimus's 7 columns. Despite these differences, both brokers hold a respectable four-star rating for their trading platforms and tools. Trade Nation ranks slightly higher, positioned at #44 out of 62 on ForexBrokers.com, while FXPrimus comes in at #49, indicating a well-matched competition between these two brokers.
| Feature |
Trade Nation
|
FXPrimus
|
|---|---|---|
| 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) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 115 | 30 |
| Charting - Drawing Tools (Total) | 39 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 14 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Trade Nation and FXPrimus offer comprehensive mobile trading apps that cater to iPhone and Android users. They provide essential features such as stock and forex price alerts and the ability to draw trendlines on charts. Users can also easily view multiple time frames for deeper analysis of their chosen stocks or forex pairs. While both apps allow the creation of watchlists with real-time quotes, Trade Nation stands out with its feature that syncs watchlist symbols between the mobile app and the client's online account, ensuring seamless updates across devices.
When it comes to charting capabilities, Trade Nation takes the lead with 99 technical studies available in its app, significantly more than the 30 offered by FXPrimus. Both platforms provide auto-saving of chart drawings, enhancing the user's trading experience. In terms of user satisfaction, both apps are rated four stars for mobile trading, but Trade Nation slightly surpasses FXPrimus in overall ranking, coming in at #45 compared to FXPrimus's #48 according to ForexBrokers.com. This indicates a marginal preference for Trade Nation in terms of mobile app functionality.
| Feature |
Trade Nation
|
FXPrimus
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 99 | 30 |
| 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 Trade Nation and FXPrimus, both brokers offer daily market commentary, providing traders with timely updates. Trade Nation stands out by delivering forex news from top sources like Bloomberg and Reuters, which FXPrimus doesn't feature. Though neither broker integrates tools from Autochartist or Trading Central, Trade Nation offers a sentiment-based trading tool that helps traders understand market positions, giving it an edge over FXPrimus in this aspect. Additionally, Trade Nation utilizes resources from Acuity Trading, such as Signal Centre, while FXPrimus lacks such offerings.
FXPrimus, on the other hand, provides an economic calendar to help traders keep track of global news events, which is something Trade Nation does not offer. Despite these features, Trade Nation earns a higher research rating of 3.5 stars compared to FXPrimus's 3 stars. This difference in ratings is also reflected in their overall rankings by ForexBrokers.com, where Trade Nation is placed at #42, significantly higher than FXPrimus's position at #58 among 62 brokers. This suggests that Trade Nation provides a slightly more enhanced market research experience.
| Feature |
Trade Nation
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | No | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both Trade Nation and FXPrimus provide a foundation with a variety of articles, videos, and webinars focusing on forex and CFDs. Trade Nation distinguishes itself by offering a comprehensive library of beginner and advanced educational videos, making it an enticing option for new traders seeking a firm grasp on essential trading concepts. Additionally, Trade Nation includes an extensive investor dictionary featuring definitions of over 50 key investing terms. FXPrimus, on the other hand, offers regular monthly educational webinars and a searchable archive of past sessions, which allows learners to catch up on missed topics and revisit them at their convenience.
In terms of overall educational quality, Trade Nation is rated slightly higher with 3.5 stars, compared to FXPrimus' 3 stars. Despite these ratings, Trade Nation and FXPrimus are both ranked among many online brokers for their educational offerings, with Trade Nation positioned at 41st and FXPrimus at 51st according to ForexBrokers.com. For those prioritizing structured video resources and a thorough dictionary, Trade Nation may be more suitable, whereas FXPrimus might be a better fit for those who prefer live and archived webinar experiences.
| Feature |
Trade Nation
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Trade Nation is better than FXPrimus. Trade Nation finished with an overall rank of #34, while FXPrimus finished with an overall rank of #53.
Trade Nation’s well-designed, easy-to-use trading app is an innovative trading platform that’s great for beginner forex and CFD traders. However, if you’re a seasoned trader, you may find that Trade Nation lacks advanced features compared to the best trading platforms.
| Feature |
Trade Nation
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FXPrimus
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 71 |
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Both Trade Nation and FXPrimus do not offer the option to buy actual (delivered) cryptocurrency, but they do provide the ability to trade cryptocurrency derivatives.
Both Trade Nation and FXPrimus provide deposit and withdrawal options via Skrill, Visa or Mastercard, and bank wires, but neither broker supports ACH, SEPA or PayPal transactions.
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 | Trade Nation | FXPrimus | |
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| Trust Score | 85 | 71 | |
| Winner | check_circle | ||
| Review | Trade Nation Review |
| Broker Screenshots | Trade Nation | FXPrimus | |
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| Regulation | Trade Nation | FXPrimus | |
|---|---|---|---|
| Trust Score | 85 | 71 | |
| Year Founded | 2014 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | Trade Nation | FXPrimus | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | Trade Nation | FXPrimus | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Trade Nation | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 140 | |
| Forex Pairs (Total) | 46 | 42 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | 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 | Trade Nation | FXPrimus | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.6 | N/A | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Trade Nation | FXPrimus | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | 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 | Trade Nation | FXPrimus | |
|---|---|---|---|
| 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) | No | Yes | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Trade Nation | FXPrimus | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 14 | 7 | |
| Charting - Indicators / Studies (Total) | 115 | 30 | |
| Charting - Drawing Tools (Total) | 39 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | Trade Nation | FXPrimus | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 99 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | Trade Nation | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | No | Yes |
| Education | Trade Nation | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Trade Nation | FXPrimus | |
|---|---|---|---|
| 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 | Trade Nation | FXPrimus | |
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| Trust Score | 85 | 71 | |
| Winner | check_circle | ||
| Review | Trade Nation Review |
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