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.
BlackBull Markets and DooPrime both offer strong trading platforms and tools for traders looking to engage in the financial markets. Both brokers provide simulated trading with free virtual demo accounts to help newcomers practice without risk. Each offers the popular MetaTrader 4 and MetaTrader 5 platforms, ensuring traders can rely on widely recognized tools. While both platforms provide web-based and Windows-compatible desktop platforms, DooPrime sets itself apart by offering a proprietary trading platform developed in-house. However, BlackBull Markets presents an advantage for traders interested in using ZuluTrade for copy trading, a service not available with DooPrime.
In terms of charting capabilities, BlackBull Markets extends traders 60 drawing tools compared to DooPrime’s 15, although details on the number of technical indicators both platforms offer weren't provided. Trading directly from stock charts is possible on either platform, facilitating efficient and timely trades. For those managing watch lists, BlackBull Markets allows six columns, while DooPrime supports seven. Despite differences, both brokers receive a solid 4-star rating for trading platforms and tools. However, in the ForexBrokers.com ranking of 62 brokers, DooPrime holds the 25th position, slightly ahead of BlackBull Markets at 29th.
| 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 offer strong mobile trading platforms for iPhone and Android users, with each providing key features like price alerts, the ability to draw trendlines, and view multiple time frames on charts. Traders can also create watchlists with real-time quotes on both apps. However, BlackBull Markets stands out with its watchlist symbol syncing feature, allowing seamless integration between the mobile app and the online account, which DooPrime currently lacks. Both brokers provide 30 technical studies for charting, and helpfully, both apps will auto-save chart drawings.
In terms of user ratings and industry recognition, BlackBull Markets and DooPrime are neck-and-neck, with both earning four stars for their mobile trading apps. DooPrime, however, has a slight edge in industry rankings, taking the 25th spot out of 62 brokers in the ForexBrokers.com Mobile Trading Apps category, compared to BlackBull Markets, which ranks 31st. This slight ranking difference might influence traders who rely on third-party evaluations, even though both apps generally deliver a well-rounded trading experience.
| 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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