Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets vs DooPrime, 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.
BlackBull Markets and DooPrime both entered the online brokerage landscape in 2014, bringing over a decade of experience to traders worldwide. Neither company is publicly traded or operates as a bank, allowing them to focus exclusively on their brokerage services.
| Feature |
BlackBull Markets
|
DooPrime
|
|---|---|---|
| Year Founded | 2014 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 4 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
When comparing the commissions and fees of BlackBull Markets and DooPrime, BlackBull Markets generally offers more attractive trading costs relative to industry standards. With three different account types, BlackBull Markets provides flexibility for traders with varying needs and experience levels. The Standard account is commission-free but has higher spreads, making it less ideal for cost-conscious traders. For those seeking tighter spreads, the Prime account stands out, offering an average spread of 0.16 pips on the EUR/USD pair and a competitive all-in cost due to its $6 commission per 10,000 traded. The ECN Institutional account caters to active traders with a $20,000 minimum deposit and the lowest commissions at $4 per round turn.
In contrast, DooPrime offers limited information regarding its commission structure, as specific average spread data is not readily available. This lack of transparency might make it challenging for traders to accurately assess their potential trading costs in advance. BlackBull Markets earns a strong rating of 4.5 stars for its commission and fee structure, securing itself the #18 spot among 62 brokers ranked by ForexBrokers.com. Meanwhile, DooPrime is rated three stars and holds the #58 ranking, highlighting a less favorable outlook compared to its competitor.
Ultimately, BlackBull Markets demonstrated a more detailed and trader-friendly commission and fee structure, offering options suitable for both entry-level and seasoned traders. With its higher star rating and better ranking, BlackBull Markets is a more appealing choice for those prioritizing cost-effective trading. In contrast, DooPrime's lack of detailed spread data and lower rankings suggest less competitive offerings in this aspect of trading.
| Feature |
BlackBull Markets
|
DooPrime
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 0.71 | N/A |
| All-in Cost EUR/USD - Active | 0.71 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| 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 considering the range of investments at BlackBull Markets and DooPrime, both brokers cater to forex trading through CFDs or spot contracts. BlackBull Markets boasts an impressive selection with 26,000 tradeable symbols and 72 forex pairs, while DooPrime offers 10,000 tradeable symbols and 60 forex pairs. This provides traders with ample options to navigate the forex market. Both platforms also allow clients to invest in U.S. and international exchange-traded securities, thereby enabling access to shares like Apple on NASDAQ and Vodafone on the London Stock Exchange. Additionally, each broker supports copy trading, although when it comes to cryptocurrency derivatives, only BlackBull Markets offers this feature.
Despite differences in some offerings, both BlackBull Markets and DooPrime have achieved top ratings of five stars for their range of investments. This reflects their extensive investment portfolios that cater to diverse trader needs. Furthermore, BlackBull Markets holds a higher rank at #6 compared to DooPrime's #12 in the Range of Investments category according to ForexBrokers.com. This positioning highlights BlackBull Markets' broader array of trading opportunities, reinforcing its strong standing among a competitive field of 62 brokers.
| Feature |
BlackBull Markets
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 10000 |
| Forex Pairs (Total) | 72 | 60 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | No |
| 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 BlackBull Markets and DooPrime for their trading platforms and tools, both brokers offer a range of features that cater to various trading needs. Both provide access to simulated trading with free virtual demo accounts. BlackBull Markets and DooPrime support popular MetaTrader platforms, MT4 and MT5, along with Windows-based desktop and web-based platforms. However, DooPrime steps ahead with a proprietary platform developed in-house, which BlackBull Markets does not offer. In terms of charting options, BlackBull Markets provides an impressive 60 drawing tools, while DooPrime offers 15. For those interested in copy trading, both brokers have options, though BlackBull Markets supports ZuluTrade, which DooPrime does not.
When it comes to trading directly from stock charts, both brokers provide this capability, enhancing user experience and efficiency. In watch list functionalities, DooPrime slightly leads with 7 available columns, versus BlackBull's 6. Both brokers achieve a commendable 4 out of 5 stars in the Trading Platforms and Tools category, as rated by ForexBrokers.com. However, DooPrime is positioned slightly higher, ranked at #25, compared to BlackBull Markets at #28 among 62 brokers. These differences highlight key areas where each broker excels, catering to diverse trading preferences and strategies.
| Feature |
BlackBull Markets
|
DooPrime
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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 | Yes | No |
| Charting - Indicators / Studies (Total) | 109 | 30 |
| Charting - Drawing Tools (Total) | 60 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
If you're on the hunt for a mobile trading app, both BlackBull Markets and DooPrime offer solid options for iPhone and Android users. They equip traders with stock and forex price alerts, ensuring that you stay updated on the latest market trends. Both platforms allow you to draw trendlines and view multiple time frames on their mobile charts, with 30 technical studies available to aid in your analysis. However, BlackBull Markets has the added advantage of offering watchlist symbol syncing, whereas DooPrime does not, meaning changes in your mobile app watchlist seamlessly reflect on your online account in BlackBull Markets.
When it comes to user experience and functionality, both apps score a 4-star rating. The functionality for watchlists with real-time quotes is available on both BlackBull Markets and DooPrime, and any drawings you make on the charts are auto-saved. Despite these similarities, DooPrime takes a slight edge in the rankings, securing the 25th spot out of 62 brokers for mobile trading apps, compared to BlackBull Markets' 30th position. This ranking reflects a marginally better user experience or extra features that might appeal to those prioritizing overall app performance.
| Feature |
BlackBull Markets
|
DooPrime
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | 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 it comes to market research, BlackBull Markets and DooPrime both offer daily market commentary to keep traders informed. However, while DooPrime provides forex news from top-tier sources like Bloomberg and Reuters, BlackBull Markets does not. In terms of technical tools, BlackBull Markets leverages the expertise of Autochartist for technical and fundamental analysis, unlike DooPrime, which utilizes Trading Central for its technical insights. Additionally, BlackBull Markets stands out with its sentiment-based trading tool that provides insights into the ratio of long or short positions across various instruments, a feature not offered by DooPrime.
Both brokers include an economic calendar to help traders plan around key global events. BlackBull Markets and DooPrime each earn a 4-star rating for their research capabilities, but BlackBull Markets holds a higher rank at #18 as rated by ForexBrokers.com, compared to DooPrime's position at #29. Despite their 4-star ratings, the specific tools and sources provided by each broker cater to different trader needs, making them both strong contenders in the realm of market research.
| Feature |
BlackBull Markets
|
DooPrime
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | 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 for beginners at BlackBull Markets and DooPrime, both brokers offer solid foundations for those new to trading forex or CFDs. They each provide a minimum of ten educational pieces, such as articles and videos, to help beginners get started. However, BlackBull Markets enhances its educational offerings with the inclusion of online webinars at least once per month, a feature not currently provided by DooPrime. Additionally, BlackBull Markets hosts a searchable archive of previously recorded webinars, giving new traders the flexibility to learn at their own pace, a benefit not available with DooPrime. Furthermore, BlackBull Markets offers an investor dictionary with over 50 investing terms, another resource that DooPrime lacks.
Both broker platforms provide an array of beginner-friendly as well as advanced educational videos, covering essential and intricate trading topics. With all these features, BlackBull Markets and DooPrime both receive a respectable four-star rating for education, yet they stand at different rankings on ForexBrokers.com. BlackBull Markets is ranked #29, while DooPrime is slightly ahead at #25. Despite these close rankings, BlackBull Markets’ additional resources like client webinars and an investor dictionary may give beginners extra tools to enhance their learning experience.
| Feature |
BlackBull Markets
|
DooPrime
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that BlackBull Markets is better than DooPrime. BlackBull Markets finished with an overall rank of #24, while DooPrime finished with an overall rank of #28.
BlackBull Markets is a plain-vanilla MetaTrader broker with a growing range of products and support for a handful of third-party social copy trading platforms.
| Feature |
BlackBull Markets
|
DooPrime
|
|---|---|---|
| Overall Rating |
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| Trust Score | 78 | 83 |
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While both BlackBull Markets and DooPrime do not provide the option to purchase actual delivered cryptocurrencies, BlackBull Markets distinguishes itself by offering cryptocurrency derivatives, which are not available through DooPrime.
While both BlackBull Markets and DooPrime support Skrill, Visa, Mastercard, and bank wire transfers for deposits and withdrawals, only DooPrime offers PayPal as an additional option, whereas neither broker supports 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 | BlackBull Markets | DooPrime | |
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| Trust Score | 78 | 83 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review |
| Broker Screenshots | BlackBull Markets | DooPrime | |
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| Regulation | BlackBull Markets | DooPrime | |
|---|---|---|---|
| Trust Score | 78 | 83 | |
| 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 | 1 | 4 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | DooPrime | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | BlackBull Markets | DooPrime | |
|---|---|---|---|
| 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 | BlackBull Markets | DooPrime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 10000 | |
| Forex Pairs (Total) | 72 | 60 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | No | |
| 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 | BlackBull Markets | DooPrime | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.71 | N/A | |
| All-in Cost EUR/USD - Active | 0.71 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | BlackBull Markets | DooPrime | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| 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 | BlackBull Markets | DooPrime | |
|---|---|---|---|
| Proprietary Platform | No | 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | BlackBull Markets | DooPrime | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 109 | 30 | |
| Charting - Drawing Tools (Total) | 60 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BlackBull Markets | DooPrime | |
|---|---|---|---|
| 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 | 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 | BlackBull Markets | DooPrime | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | DooPrime | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | BlackBull Markets | DooPrime | |
|---|---|---|---|
| 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 | BlackBull Markets Review |
| Overall | BlackBull Markets | DooPrime | |
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| Trust Score | 78 | 83 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review |
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