Written by ForexBrokers.com
In this head to head comparison of DooPrime vs Alpari, 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.
Founded in 2014, DooPrime brings to the table a higher level of trust with a ForexBrokers.com Trust Score of 83, placing it in the trusted category. As a non-publicly traded brokerage and not a bank, DooPrime sets itself apart by holding four Tier-1 licenses, which are regarded as highly trusted. This licensing suggests that DooPrime maintains a strong focus on regulatory compliance and reliability in the financial markets.
In contrast, Alpari, which has been around since 1998, operates as a private entity and is also not a bank. However, it falls into a higher risk category with a ForexBrokers.com Trust Score of 68. Alpari currently holds no Tier-1 or Tier-2 licenses, raising potential concerns about its level of regulatory oversight compared to DooPrime. These differences highlight the varied trust and regulatory standings between these two online brokers.
| Feature |
DooPrime
|
Alpari
|
|---|---|---|
| Year Founded | 2014 | 1998 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 0 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When comparing DooPrime and Alpari, an important consideration is their commissions and fees. Unfortunately, specific average spread data is not available for either broker. DooPrime is rated with 3 out of 5 stars in this category. The broker ranks 58th out of 62 brokers as assessed by ForexBrokers.com, indicating that their commissions and fees may not be the most competitive in the market.
On the other hand, Alpari fares better in the same category, earning a 4-star rating. This rating suggests more favorable fees compared to DooPrime. Alpari's ranking is significantly higher, coming in at 41st out of 62 brokers. While neither broker provides detailed average spread information, these ratings and rankings provide useful insights into their relative competitiveness regarding costs for traders.
Overall, if commissions and fees are a primary concern for traders when selecting a broker, Alpari tends to offer more appealing options than DooPrime, according to the ratings and rankings by ForexBrokers.com. Always consider these factors when choosing a broker to ensure you align with one that suits your trading budget and style.
| Feature |
DooPrime
|
Alpari
|
|---|---|---|
| Minimum Deposit | $100 | $20 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| 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 at DooPrime and Alpari, traders will notice significant differences in offerings. DooPrime stands out with an impressive selection of 10,000 tradeable symbols, including 60 forex pairs for CFD or spot trading. In contrast, Alpari offers 105 tradeable symbols, featuring 46 forex pairs for similar contract options. Both brokers support copy trading, but DooPrime excels by offering direct access to both U.S. and international exchange-traded securities, allowing clients to invest directly in companies like Apple and Vodafone. However, neither broker provides an option to buy actual cryptocurrencies, although Alpari does allow trading in cryptocurrency derivatives.
With a robust 5-star rating for Range of Investments and being ranked 12th out of 62 brokers by ForexBrokers.com, DooPrime is the preferred choice for investors seeking a wide array of assets. Alpari, receiving a lower rating of 3 stars and ranked at the bottom of the same list, caters to a more limited selection. Ultimately, traders seeking versatility and extensive options might find DooPrime's expansive offerings more aligned with their investment goals compared to the narrower range at Alpari.
| Feature |
DooPrime
|
Alpari
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 105 |
| Forex Pairs (Total) | 60 | 46 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| 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 exploring online trading platforms, both DooPrime and Alpari stand out by offering a range of accessible features for traders. Both platforms provide free virtual demo accounts, allowing users to practice trading without financial risk. They also offer proprietary platforms, ensuring a unique trading experience tailored by each broker. For those who prefer desktop applications, both brokers have Windows-based platforms available. Additionally, users can access their portfolios from anywhere using web-based platforms. Copy trading is supported by both DooPrime and Alpari, as well as industry-standard tools like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). However, neither broker provides DupliTrade or ZuluTrade features.
In terms of charting tools, traders with DooPrime and Alpari can benefit from 15 drawing tools and the ability to execute trades directly from the stock charts. Each also offers seven columns for watch lists, providing ample data for tracking market changes. While both brokers earn a 4-star rating for their trading platforms and tools, they differ significantly in their rankings according to ForexBrokers.com. DooPrime is ranked at #25, presenting it as a more competitive option when compared to Alpari, which sits at #55 among 62 brokers. This detail may sway traders looking for a platform that offers a slightly stronger performance based on industry evaluations.
| Feature |
DooPrime
|
Alpari
|
|---|---|---|
| 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 | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both DooPrime and Alpari offer comprehensive platforms compatible with iPhone and Android devices. They cater to traders by offering stock and forex price alerts, and provide the ability to draw trendlines and view different time frames on charts. Each app supports thirty technical studies for charting, ensuring that traders have access to a suite of analytical tools. However, where these two brokers diverge is in their approach to automatic saving of drawings; DooPrime's app saves chart modifications automatically, unlike Alpari's. Furthermore, both apps allow users to create watchlists with real-time quotes, yet neither supports watchlist symbol syncing with an online account.
In terms of user ratings and rankings, both DooPrime and Alpari receive a respectable four out of five stars for their mobile trading apps. Nevertheless, DooPrime holds a stronger position with ForexBrokers.com, ranking 25th out of 62 brokers, compared to Alpari's 56th place. This indicates a general preference towards DooPrime among users, potentially influenced by its automatic saving feature which adds a layer of convenience often appreciated by traders. Overall, while both brokers provide solid mobile trading experiences, DooPrime seems to outperform in specific functionalities and user trust.
| Feature |
DooPrime
|
Alpari
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of DooPrime and Alpari, there are a few key differences to consider. DooPrime delivers daily market commentary and access to forex news from leading sources like Bloomberg and Reuters, enhancing its appeal for those looking for up-to-date information. Additionally, DooPrime utilizes Trading Central for technical analysis tools, aiding traders with insights and analysis that might be beneficial for their strategies. On the other hand, Alpari offers tools from Autochartist, providing traders with different types of technical analysis resources. While both platforms provide an economic calendar to track global news events, neither offers sentiment-based trading tools or research through TipRanks or Acuity Trading.
In terms of overall ratings and rankings, DooPrime is rated higher with four stars in research, placing it at number 29 among 62 brokers according to ForexBrokers.com. Alpari is rated three stars and holds the 57th position in the same category. This ranking reflects DooPrime's broader range of research tools and services, making it a more comprehensive choice for traders focusing on informed decision-making. Although both brokers have their unique strengths, DooPrime's offerings in technical analysis and market commentary might provide an edge for those needing a well-rounded research experience.
| Feature |
DooPrime
|
Alpari
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available to beginners at online brokers DooPrime and Alpari, both offer a solid collection of materials focused on forex and CFDs, with each platform providing at least 10 educational pieces such as articles and videos. Beginners will find an array of educational videos designed to introduce them to trading concepts on both platforms. However, DooPrime holds a slight edge for those wanting to take their learning further, offering advanced educational videos tailored for more experienced traders, which Alpari does not.
Despite both brokers lacking live monthly webinars and archives of previous sessions, their differing offerings still impact their educational ratings. DooPrime has earned a 4-star rating for education, ranking #25 out of 62 brokers, while Alpari sits with a 3-star rating, positioned at #48. Additionally, Alpari supports beginners with an investor dictionary featuring over 50 investing term definitions, a resource DooPrime does not provide. Each brokerage caters to different aspects of trader education, allowing beginners to choose based on their priorities and future learning aspirations.
| Feature |
DooPrime
|
Alpari
|
|---|---|---|
| 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 | 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 Alpari. DooPrime finished with an overall rank of #28, while Alpari finished with an overall rank of #57.
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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Alpari
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 68 |
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While both DooPrime and Alpari do not provide the option to purchase actual (delivered) cryptocurrency, Alpari distinguishes itself by offering cryptocurrency derivatives, a feature that DooPrime lacks.
When comparing online brokers DooPrime and Alpari in terms of funding options, both do not offer ACH or SEPA transfers, but DooPrime provides PayPal while Alpari does not; both offer Skrill, Visa, Mastercard, and bank wires as options for depositing or withdrawing account funds.
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 | Alpari | |
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| Trust Score | 83 | 68 | |
| Winner | check_circle | ||
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| Broker Screenshots | DooPrime | Alpari | |
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| Regulation | DooPrime | Alpari | |
|---|---|---|---|
| Trust Score | 83 | 68 | |
| Year Founded | 2014 | 1998 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 4 | 0 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | Alpari | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| 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 | No | |
| 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 | Alpari | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | DooPrime | Alpari | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 105 | |
| Forex Pairs (Total) | 60 | 46 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| 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 | Alpari | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | Alpari | |
|---|---|---|---|
| Minimum Deposit | $100 | $20 | |
| 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 | Alpari | |
|---|---|---|---|
| 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 | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | DooPrime | Alpari | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | DooPrime | Alpari | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | DooPrime | Alpari | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | Alpari | |
|---|---|---|---|
| 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 | Yes |
| Major Forex Pairs | DooPrime | Alpari | |
|---|---|---|---|
| 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 |
| Overall | DooPrime | Alpari | |
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| Trust Score | 83 | 68 | |
| Winner | check_circle | ||
| Review |
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