Written by ForexBrokers.com
In this head to head comparison of DooPrime vs BDSwiss, 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 is an online broker that is not publicly traded and does not operate as a bank. It holds an impressive four Tier-1 licenses, reflecting a strong regulatory standing and earning it a Trust Score of 83 from ForexBrokers.com. This score indicates that DooPrime is considered a trusted option according to ForexBrokers.com's rating system.
In comparison, BDSwiss, established in 2012, is also not publicly traded and does not function as a bank. Despite being in the business longer, BDSwiss holds only one Tier-1 license and lacks any Tier-2 licenses. It has a Trust Score of 73, placing it in the average risk category by ForexBrokers.com standards. Both brokers offer reliability, but DooPrime stands out with its higher Trust Score and more extensive regulatory licenses.
| Feature |
DooPrime
|
BDSwiss
|
|---|---|---|
| Year Founded | 2014 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 2 |
When it comes to commissions and fees, DooPrime offers a service without available average spread data, which can make it challenging for traders to gauge potential costs upfront. In terms of ratings, DooPrime holds a modest 3-star rating for its commissions and fees, placing it at a rather low position of #58 out of 62 brokers according to ForexBrokers.com. This suggests there might be more cost-efficient options available in the market for budget-conscious investors.
On the other hand, BDSwiss provides a clearer picture with its varied account types. While its Classic account's spread of 1.5 pips on EUR/USD is considered pricey compared to industry leaders, its Raw account offers a more competitive option. The Raw account features a spread starting at 0.3 pips plus a $5 commission per side, resulting in an effective spread of 1.3 pips. For those opting for premium features, the VIP account provides a slightly more favorable spread of 1.2 pips. Due to these options and good order execution statistics, BDSwiss is awarded a 4-star rating.
In terms of ranking, BDSwiss fares significantly better than DooPrime in the Commissions and Fees category, standing at #29 out of 62 brokers according to ForexBrokers.com. This higher ranking reflects its more balanced approach to pricing and execution, making BDSwiss an appealing choice for traders who are conscious of managing their trading costs effectively.
| Feature |
DooPrime
|
BDSwiss
|
|---|---|---|
| Minimum Deposit | $100 | $10-$5000 |
| Average Spread EUR/USD - Standard | N/A | 1.6 |
| All-in Cost EUR/USD - Active | N/A | 1.3 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | Yes |
| 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 it comes to the variety of investments available, DooPrime and BDSwiss both offer forex trading as CFDs or spot contracts, but the scope of their offerings differs significantly. DooPrime stands out with a whopping 10,000 tradeable symbols, including 60 forex pairs. They allow trading not just in the domestic market but also on international exchanges, meaning clients can buy actual shares such as Apple on the NASDAQ or Vodafone on the London Stock Exchange. BDSwiss trails behind with 1,081 tradeable symbols and 53 forex pairs, and doesn’t offer exchange-traded securities on U.S. or international exchanges.
Though both platforms provide copy trading, their approach to cryptocurrency differs. Neither allows clients to purchase actual cryptos directly, but BDSwiss offers cryptocurrency derivatives for those interested in this digital asset class. Based on the range of investments, DooPrime earns a 5-star rating and is ranked 12th in this category by ForexBrokers.com, whereas BDSwiss, with its narrower range, garners 4 stars and is positioned 34th. This makes DooPrime a more versatile choice for those seeking broader investment options.
| Feature |
DooPrime
|
BDSwiss
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 1081 |
| Forex Pairs (Total) | 60 | 53 |
| 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 it comes to trading platforms and tools, DooPrime and BDSwiss both offer a wide variety of features to cater to traders of all experience levels. Both brokers provide free virtual demo accounts, which are essential for beginners to practice without financial risk. They also boast their own proprietary trading platforms, which are available for Windows-based desktop downloads and web-based access, ensuring traders have flexible ways to engage with the market. In addition, the availability of popular platforms like MetaTrader 4 and MetaTrader 5 enhances their appeal, offering comprehensive tools and customizable options for traders who prefer these industry-standard solutions. They both support copy trading, allowing users to replicate the trading strategies of more experienced traders, adding another layer of functionality to their services.
Charting tools are integral to a successful trading experience, and both DooPrime and BDSwiss provide a robust set of 15 drawing tools. Additionally, they allow clients to trade directly from their stock charts, ensuring seamless transitions between analysis and execution. For keeping track of multiple trades, each broker supports up to seven columns for watch lists. While both brokers share a strong toolset and earn equal ratings of four stars for their trading platforms and tools, BDSwiss holds a slightly better rank (#24) compared to DooPrime (#25) by ForexBrokers.com. Though similar in offerings, these rankings may sway some traders toward BDSwiss depending on individual needs and preferences.
| Feature |
DooPrime
|
BDSwiss
|
|---|---|---|
| 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.
DooPrime and BDSwiss both offer mobile trading applications that cater to iPhone and Android users, ensuring accessibility for traders on the go. Each app provides essential features such as stock and forex price alerts, enabling traders to stay informed about market movements. While both platforms offer the ability to draw trendlines and view various time frames on their charts, they each include 30 technical studies to enhance traders' analytical capabilities. An important note for users is that neither app syncs watchlist symbols across devices, meaning added or removed items on a watchlist won't reflect on other devices linked to the same account.
For traders looking to keep up with real-time quotes, both DooPrime and BDSwiss allow the creation of watchlists within their mobile apps. Additionally, both platforms auto-save chart drawings, which is beneficial for ongoing technical analysis. Despite these similarities, there are slight differences in their rankings, with BDSwiss narrowly edging out DooPrime with a ranking of #23 compared to #24 out of 62 brokers in the Mobile Trading Apps category by ForexBrokers.com. Their mobile trading apps carry the same user rating of 4 out of 5 stars, reflecting solid performance and user satisfaction for both.
| Feature |
DooPrime
|
BDSwiss
|
|---|---|---|
| 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 | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing market research offerings of DooPrime and BDSwiss, both online brokers provide daily market commentary and maintain an economic calendar showing global news events, ensuring traders stay informed. However, DooPrime takes a step ahead by offering forex news from top-tier sources such as Bloomberg and Reuters, providing traders with comprehensive insights into market trends. On the other hand, BDSwiss lacks this feature but makes up for it by offering tools from Autochartist, aiding traders in technical and fundamental analysis.
Both brokers utilize Trading Central's analytical tools, which enhance their research capabilities. However, neither offers sentiment-based trading tools or research resources from TipRanks and Acuity Trading. With both DooPrime and BDSwiss receiving a four-star rating for their research capabilities, it’s interesting to note that BDSwiss is ranked higher by ForexBrokers.com at #23 compared to DooPrime's #29 out of 62 brokers. This nuanced comparison suggests that while both brokers provide solid research features, their specific offerings cater to different trading preferences.
| Feature |
DooPrime
|
BDSwiss
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | Yes |
| 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 it comes to educational resources for beginners, both DooPrime and BDSwiss offer a variety of materials aimed at teaching the essentials of forex and CFDs trading. Each platform provides a minimum of ten educational pieces such as articles, videos, and archived webinars focused on these trading areas. Both brokers also cater to beginners with at least ten beginner-focused educational videos, as well as ten advanced videos for those with more experience. However, BDSwiss goes a step further by offering regular online webinars and a searchable archive of past sessions, which can greatly enhance the learning experience for users seeking ongoing education.
Additionally, BDSwiss provides an investor dictionary with over 50 investing terms, a feature absent from DooPrime, which could be particularly beneficial for novices looking to get acquainted with trading jargon. The educational resources of both companies are highly rated, each receiving 4 out of 5 stars, although BDSwiss ranks slightly higher at #19 compared to DooPrime's #24 in ForexBrokers.com's Education category. Overall, both brokers deliver solid educational content, but BDSwiss’s added features may offer more comprehensive support for beginners keen on exploring and mastering online trading.
| Feature |
DooPrime
|
BDSwiss
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | Yes |
| 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 BDSwiss. DooPrime finished with an overall rank of #28, while BDSwiss finished with an overall rank of #36.
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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BDSwiss
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 73 |
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Both DooPrime and BDSwiss do not provide the option to buy actual delivered cryptocurrency, but while DooPrime lacks cryptocurrency derivative offerings, BDSwiss enables trading through cryptocurrency derivatives.
When comparing online brokers DooPrime and BDSwiss, DooPrime lacks ACH or SEPA transfer options but supports PayPal, Skrill, Visa/Mastercard, and bank wires, while BDSwiss offers ACH, SEPA, Skrill, Visa/Mastercard, and bank wires, but does not support PayPal.
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 | BDSwiss | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
| Review | BDSwiss Review |
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| Regulation | DooPrime | BDSwiss | |
|---|---|---|---|
| Trust Score | 83 | 73 | |
| Year Founded | 2014 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 2 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | BDSwiss | |
|---|---|---|---|
| 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 | Yes | |
| 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) | DooPrime | BDSwiss | |
|---|---|---|---|
| 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 | BDSwiss | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 1081 | |
| Forex Pairs (Total) | 60 | 53 | |
| 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 | BDSwiss | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.6 | |
| All-in Cost EUR/USD - Active | N/A | 1.3 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | No |
| Funding | DooPrime | BDSwiss | |
|---|---|---|---|
| Minimum Deposit | $100 | $10-$5000 | |
| 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 | Yes |
| Trading Platforms | DooPrime | BDSwiss | |
|---|---|---|---|
| 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 | BDSwiss | |
|---|---|---|---|
| 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 | BDSwiss | |
|---|---|---|---|
| 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 | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | DooPrime | BDSwiss | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | BDSwiss | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | DooPrime | BDSwiss | |
|---|---|---|---|
| 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 | BDSwiss Review |
| Overall | DooPrime | BDSwiss | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
| Review | BDSwiss Review |
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