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 offers industry-average trading costs that vary based on the chosen account type. The broker provides three main account options, with the Prime account standing out due to its competitive offering. For the Prime account, the average spread on the EUR/USD pair is 0.16, and when adding a per-side commission of $3 or 0.3 pips for every 10,000 traded, the all-inclusive cost is approximately 0.76. The Standard account, although commission-free and without a minimum deposit requirement, has higher spreads. Meanwhile, the ECN Institutional account caters to active traders with a $20,000 minimum deposit and $2 per side or $4 round-trip commission.
Unfortunately, DooPrime falls short in direct comparison as it does not provide average spread data. This lack of transparency could make it harder for traders to evaluate exact costs without first opening an account or asking for more detailed information. Such limited data may discourage potential clients who prioritize clear commission structures and fee information.
BlackBull Markets excels in customer approvals with a 4.5-star rating for commissions and fees, ranked 19th out of 62 brokers by ForexBrokers.com. In contrast, DooPrime receives 3 stars and holds the 58th position in the same category, which suggests that BlackBull Markets generally offers better value for traders seeking a brokerage with straightforward and competitive fee structures.
| Feature |
BlackBull Markets
|
DooPrime
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 0.76 | N/A |
| All-in Cost EUR/USD - Active | 0.76 | 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.
Both BlackBull Markets and DooPrime provide solid mobile trading experiences by offering apps for iPhone and Android. Users have access to essential features such as stock and forex price alerts and the capability to draw trendlines on charts within both apps. They also deliver 30 technical studies for in-depth chart analysis along with the view of multiple time frames, ensuring traders have the data they need at their fingertips. Additionally, both brokers support auto-saving of chart drawings, which adds convenience for users working on-the-go.
However, a key difference lies in the feature of watchlist syncing. BlackBull Markets stands out by offering seamless watchlist symbol syncing between the mobile app and the client's online account, meaning any changes made on either platform reflect across both. DooPrime, on the other hand, does not support this functionality. While both apps allow users to create watchlists with real-time quotes, this syncing feature might be a deciding factor for some traders. Both BlackBull Markets and DooPrime receive a four-star rating for their mobile trading apps, but DooPrime is ranked slightly higher, at #24 compared to BlackBull Markets at #30, according to ForexBrokers.com.
| 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.
BlackBull Markets and DooPrime both cater to beginners who are keen to delve into forex and CFDs trading by offering a substantial range of educational content. Both platforms boast over 10 educational pieces, comprising articles, videos, and webinars focusing on forex and CFDs, ensuring newcomers have ample resources to kickstart their trading journey. Additionally, they each provide at least 10 beginner-focused educational videos, making it easier for new traders to grasp essential trading concepts. However, BlackBull Markets has the edge with its monthly online webinars and a searchable archive of previously recorded sessions, features which DooPrime does not offer.
When it comes to diving deeper into trading knowledge, both brokers provide over 10 advanced educational videos targeting more seasoned traders. BlackBull Markets further enhances its educational offerings with an investor dictionary covering definitions for over 50 investing terms, a tool that DooPrime lacks. Even though ForexBrokers.com ranks BlackBull Markets 29th and DooPrime 24th out of 62 brokers for education, both are rated 4 stars for their educational resources. For learners prioritizing regular educational webinars and access to a comprehensive investing glossary, BlackBull Markets stands out as a more comprehensive choice.
| 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 | 0.76 | N/A | |
| All-in Cost EUR/USD - Active | 0.76 | 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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