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 commissions and fees between online brokers DooPrime and Trade Nation, significant differences emerge. DooPrime currently does not provide average spread data, making it challenging for traders to gauge potential costs upfront. Despite this lack of transparency, DooPrime has received a rating of 3 out of 5 stars for its commissions and fees. In terms of industry rankings, DooPrime holds the 59th position among 63 brokers as evaluated by ForexBrokers.com, indicating room for improvement in its cost competitiveness.
In contrast, Trade Nation excels with its transparent and competitive pricing structure. Its proprietary platform offers fixed spreads across all tradeable instruments, with the EUR/USD pair listed at a fixed spread of 0.6 pips. During the daily rollover period, the spread may widen to 1.4 pips, but overall, traders can expect the true average to hover around 1 pip. Trade Nation offers three distinct account types across its platforms, with options for commission-free trading and a Raw Spread account that charges $7 per round-trip per standard lot. Due to its clear pricing and versatile account options, Trade Nation is rated 5 out of 5 stars for commissions and fees.
Trade Nation's advantageous fee structure places it in a commendable 7th rank among 63 brokers, according to ForexBrokers.com. For traders focused on minimizing trading costs and preferring fixed-spread pricing, Trade Nation emerges as a strong contender compared to DooPrime. While both brokers offer a variety of platforms and account types, Trade Nation's commitment to fixed spreads and transparency sets it apart in the competitive landscape of online trading.
| 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 the range of investments available between DooPrime and Trade Nation, several distinctions become evident. DooPrime stands out with an impressive offering of 10,000 tradeable symbols, in contrast to Trade Nation's 1,000. Both platforms provide forex trading through CFDs or spot contracts; however, DooPrime gives traders access to 60 forex pairs, while Trade Nation offers 46. One notable advantage of DooPrime is its ability to facilitate investing in exchange-traded securities on both U.S. and international exchanges, allowing clients to purchase shares like Apple and Vodafone, a feature not available with Trade Nation's offerings.
For investors interested in cryptocurrency, neither DooPrime nor Trade Nation allows the purchase of actual cryptocurrencies, but Trade Nation does provide cryptocurrency derivatives. Additionally, both brokers offer copy trading services for users interested in mimicking successful trades. In terms of rankings and ratings, DooPrime receives a higher accolade for its range of investments with a 5-star rating and ranks 12th among 63 brokers, outperforming Trade Nation, which holds a 3.5-star rating and ranks 38th. This suggests that DooPrime presents a broader investment portfolio, catering to those seeking diverse trading opportunities.
| 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 the trading platforms and tools offered by DooPrime and Trade Nation, both brokers provide robust features that cater to the needs of modern traders. Both DooPrime and Trade Nation excel in offering essential tools like simulated trading with free virtual demo accounts, as well as proprietary platforms that have been developed in-house. Traders will find flexibility in their trading environment as each broker supports a Windows-based desktop platform and a web-based trading platform that enable trading through a browser. MetaTrader 4 is available with both brokers, providing access to standardized trading interfaces. However, only DooPrime goes further by also offering MetaTrader 5, potentially appealing to traders interested in more advanced features. Additionally, both brokers facilitate copy trading, making it easier for users to mirror trades of seasoned investors, although neither provides integrations with third-party services like DupliTrade or ZuluTrade.
In terms of charting tools, DooPrime offers 15 drawing tools compared to Trade Nation's 39, giving Trade Nation an edge for users keen on complex technical analysis. Despite this, DooPrime allows users to trade directly from a stock chart—a feature not available with Trade Nation that might benefit traders who rely on quick executions. Watch lists on both platforms are customizable, but Trade Nation offers more fields for personalization with 14 columns versus DooPrime’s 7. Ultimately, both brokers are well-regarded for their trading platforms and tools, each earning a solid 4-star rating. However, when it comes to industry recognition, DooPrime edges ahead, being ranked 25th out of 63 brokers by ForexBrokers.com in the Trading Platforms and Tools category, whereas Trade Nation is positioned at 44th.
| 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.
When it comes to mobile trading apps, both DooPrime and Trade Nation cater to traders using iPhone and Android devices, offering essential features like stock and forex price alerts. They also support drawing trendlines and viewing different time frames on stock and forex charts. However, Trade Nation stands out with its ability to sync watchlist symbols with the client's online account, a feature that DooPrime lacks. Additionally, Trade Nation offers a substantial 99 technical studies for charting, compared to the 30 available from DooPrime.
Both brokers have reliable app functionalities, including real-time quotes on watchlists and auto-saving of chart drawings, but differ in how they're perceived overall. While both are rated with 4 stars for mobile trading apps, DooPrime is ranked higher at #25 by ForexBrokers.com, as opposed to Trade Nation's rank of #45 among 63 brokers. Ultimately, the choice may depend on which features are more important to individual users, such as technical analysis tools or watchlist convenience.
| 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 the market research offerings of DooPrime and Trade Nation, both brokers provide daily market commentary and forex news from top-tier sources like Bloomberg and Reuters. However, DooPrime edges ahead with its inclusion of Trading Central's technical analysis tools, offering valuable insights for traders. In contrast, Trade Nation does not offer these specific tools but compensates with sentiment-based trading tools that visualize the ratio of long or short positions across various currency pairs. While DooPrime includes an economic calendar to keep traders informed of global news events, Trade Nation lacks this feature, opting instead to provide research tools from Acuity Trading.
In terms of research ratings, DooPrime is rated four stars, ranking 29th out of 63 brokers, showcasing a slightly more comprehensive offering compared to Trade Nation's 3.5-star rating and 42nd place ranking. Although both brokers have strengths in market research, DooPrime caters more specifically to traders seeking technical analysis support, while Trade Nation provides valuable sentiment analysis tools and Acuity Trading resources.
| 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 comparing the educational resources offered by DooPrime and Trade Nation, new traders will find valuable learning materials from both online brokers. DooPrime provides a minimum of 10 educational pieces focusing on forex and CFDs, alongside at least 10 beginner and advanced trading videos. While this broker does not host monthly educational webinars or maintain a library of previously recorded sessions, its dedication to beginner and advanced video content contributes to its solid four-star education rating. Ranked #25 out of 63 brokers by ForexBrokers.com for educational offerings, DooPrime positions itself as a reliable option for traders looking to expand their knowledge.
Trade Nation also delivers over 10 educational resources on forex and CFDs, and offers a good selection of beginner and advanced videos. Though it mirrors DooPrime’s lack of monthly webinars and webinar archives, Trade Nation stands out by providing an investor dictionary with more than 50 investing terms. This added feature, although helping its educational rating slightly, still leaves it with a slightly lower ranking compared to DooPrime. Rated 3.5 stars for education and ranked #41 by ForexBrokers.com, Trade Nation is a practical option for beginners seeking foundational knowledge and terminology in trading.
| 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 63 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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