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.
Both DooPrime and Trade Nation cater to traders with a variety of trading platforms and tools. They each offer free virtual demo accounts, proprietary platforms, and Windows-based desktop download platforms, making them accessible for different user preferences. Additionally, they provide web-based trading platforms and support MetaTrader 4 (MT4). While DooPrime extends its offering with MetaTrader 5 (MT5), Trade Nation does not. Copy trading is available on both platforms, but neither broker offers DupliTrade or ZuluTrade. DooPrime allows users to trade directly from stock charts, a feature not available with Trade Nation.
Charting capabilities differ significantly between the two, with Trade Nation offering 39 drawing tools compared to DooPrime's 15 tools. However, specific numbers for technical indicators are not provided. When it comes to monitoring market trends, DooPrime's watch lists allow customization with seven columns, whereas Trade Nation expands this to 14. Both platforms boast a four-star rating for their trading tools, but DooPrime ranks higher on ForexBrokers.com at #25 compared to Trade Nation’s #44 out of 62 brokers.
| 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 | 115 |
| 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.
DooPrime and Trade Nation both offer mobile trading apps for iPhone and Android users, equipping traders with stock and forex price alerts, the ability to draw trendlines, and options to view different time frames on charts. Both apps support real-time watchlists, but Trade Nation has the added advantage of watchlist synchronization with the user's online account, a feature that DooPrime lacks. While both apps allow chart drawings to be automatically saved, DooPrime offers 30 technical studies for chart analysis compared to Trade Nation’s more extensive selection of 99 studies.
When it comes to user ratings, both apps are equally favored with a solid 4-star rating. However, according to ForexBrokers.com rankings among 62 brokers, DooPrime stands out with a higher ranking in mobile trading, placing at #25, whereas Trade Nation is positioned at #45. This indicates that while both platforms provide substantial mobile trading experiences, DooPrime may offer a slightly more favorable environment for those seeking specialized mobile trading functionalities.
| 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 it comes to market research, both DooPrime and Trade Nation provide daily market commentary and forex news from top-tier sources like Bloomberg and Reuters. However, the differences become clearer when examining their additional research tools. DooPrime stands out by offering technical analysis tools from Trading Central, while Trade Nation lacks this feature. On the other hand, Trade Nation offers a sentiment analysis tool that highlights trading ratios across various instruments, a feature not available with DooPrime.
Further distinguishing them, DooPrime provides an economic calendar, which is absent in Trade Nation’s offerings. When it comes to research tools from companies like Acuity Trading, Trade Nation comes out ahead, offering resources that DooPrime does not. In evaluations, DooPrime earns a slightly higher research rating of 4 stars compared to Trade Nation's 3.5 stars. Additionally, ForexBrokers.com ranks DooPrime at #29 for research out of 62 brokers, while Trade Nation is ranked at #42, indicating a stronger overall research offering from DooPrime.
| Feature |
DooPrime
|
Trade Nation
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| 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 it comes to educational resources for beginners in trading, both DooPrime and Trade Nation offer a comprehensive selection of tools and materials. DooPrime provides over 10 educational pieces focused on forex and CFDs and offers an extensive library of beginner-friendly videos, ensuring new traders have a solid foundation. However, it lacks a searchable archive of webinars and an investor dictionary, which might be a limitation for those looking for precise definitions and past webinar content. On the other hand, Trade Nation also delivers a strong educational experience with a significant number of beginner-focused videos and a well-rounded investor dictionary, which is beneficial for understanding key investing terms. Yet, like DooPrime, Trade Nation does not offer monthly webinars or a searchable archive for recorded sessions.
In terms of advanced educational offerings, both brokers equip more experienced traders with valuable resources through various advanced educational videos. If we look at ratings, DooPrime edges slightly ahead with a 4-star rating for education, compared to Trade Nation’s 3.5 stars. DooPrime is ranked #25 out of 62 brokers for its educational offerings, while Trade Nation follows at #41. This positioning reflects DooPrime's commitment to delivering a slightly more comprehensive educational package, although both brokers are well-suited for those looking to enhance their trading knowledge at different levels.
| 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 | Yes |
| Investor Dictionary (Glossary) | No | Yes |
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 | 115 | |
| 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 | Yes | |
| 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 | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| 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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