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 traders a variety of platforms and tools to enhance their trading experience. Both brokers provide free demo accounts for those interested in paper trading, allowing new and experienced traders to hone their skills without financial risk. Each broker has developed its own proprietary platform, along with offering the widely-used MetaTrader 4 platform. For those who prefer desktop access, both have Windows-based platforms, as well as convenient web-based platforms for trading directly from a browser. While both support copy trading, only FXPrimus provides access to the MetaTrader 5 platform for more advanced technical features.
When it comes to charting tools, Trade Nation surpasses FXPrimus by offering 39 drawing tools compared to 15 offered by FXPrimus. However, FXPrimus allows traders to execute trades directly from stock charts, providing an edge for seamless trading execution. In terms of watch list customization, Trade Nation offers greater flexibility with 14 columns compared to 7 available with FXPrimus. Both brokers are rated 4 out of 5 stars for their trading platforms and tools, yet Trade Nation is ranked slightly higher by ForexBrokers.com at #45, whereas FXPrimus sits at #49 out of 62 brokers in this category.
| 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) | 99 | 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.
When comparing the mobile trading apps of Trade Nation and FXPrimus, both brokers offer comprehensive tools accessible on iPhone and Android devices. They provide essential features such as price alerts, trendline drawing, and the option to view various time frames on charts. However, a standout feature of Trade Nation's app is the ability to sync watchlist symbols with the user's online account, ensuring changes made on one platform reflect across the board, a feature FXPrimus lacks. In terms of technical analysis, Trade Nation offers 99 technical studies, significantly more than FXPrimus's 30, which may cater better to traders seeking in-depth market analysis.
Both apps allow users to create watchlists with real-time quotes, and they automatically save drawings on charts, which can enhance the trading experience by maintaining consistency in strategy planning. Despite these differences, each app has earned a commendable four-star rating, indicating solid user satisfaction. However, when it comes to rankings within the mobile trading apps category by ForexBrokers.com, Trade Nation holds a slight edge at rank #45 compared to FXPrimus at #47 out of 62 brokers, suggesting a marginally better overall performance in this aspect.
| 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 the market research offerings of Trade Nation and FXPrimus, it's clear each has its strengths. Trade Nation shines by providing forex news from esteemed sources like Bloomberg and Reuters, which is a feature FXPrimus lacks. Additionally, Trade Nation offers a sentiment-based trading tool that helps traders understand the market's mood by showing the ratio of long or short positions. They also integrate Acuity Trading tools like the Signal Centre, enhancing their research capabilities. However, Trade Nation misses out on daily market commentary and an economic calendar, both of which FXPrimus offers.
FXPrimus may not compete with Trade Nation in providing top-tier forex news or sophisticated sentiment tools, yet it offers daily market commentary and a detailed economic calendar. These features can be particularly useful for traders who rely on regular updates and insights into global news events that may impact the market. When it comes to research ratings, Trade Nation outperforms slightly with 3.5 stars compared to FXPrimus's 3 stars, and it stands stronger in rankings, securing the 42nd spot out of 62 brokers as opposed to FXPrimus being placed at 58th by ForexBrokers.com.
| Feature |
Trade Nation
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | No | 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 comparing the educational resources available to beginners, Trade Nation and FXPrimus each have strengths and limitations. Trade Nation provides more than ten educational pieces focused on forex or CFDs through articles, videos, and webinars, specifically boasting a collection of beginner videos. However, it lacks regular online webinars and an archive of recorded sessions, which might limit ongoing engagement. Its education services earn it a rating of 3.5 stars for beginners, placing it at rank 42 out of 62 brokers in the Education category by ForexBrokers.com.
FXPrimus also offers a range of more than ten educational pieces on forex and CFDs, featuring regular monthly webinars and a searchable archive of past sessions, which could be appealing for those looking for interactive learning. On the downside, it falls short in offering beginner-focused video content and lacks resources for more advanced traders. Its educational offerings are rated at 3 stars, ranking it 51st out of 62 brokers in the Education category by ForexBrokers.com. While both platforms have unique educational features, the choice may come down to the type of learning method preferred by the user.
| 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 | No | 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 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) | 99 | 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 | No | 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 | No | No | |
| Investor Dictionary (Glossary) | No | 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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