Written by ForexBrokers.com
In this head to head comparison of eToro 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.
When comparing online brokers eToro and DooPrime, several factors stand out, particularly their establishment years and regulatory status. eToro, founded in 2007, and DooPrime, established in 2014, both operate without being publicly traded or bank entities. Regulatory licenses are crucial indicators of trust in the online trading world. eToro holds three Tier-1 licenses and one Tier-2 license. Meanwhile, DooPrime secures four Tier-1 licenses but does not have any Tier-2 licenses. These metrics contribute to their overall trust scores, with eToro earning a high rating of 93 and DooPrime a trusted score of 83, as assessed by ForexBrokers.com.
The distinctions in regulatory licensing between eToro and DooPrime are important for traders seeking secure and reliable platforms. eToro's combination of both Tier-1 and Tier-2 licenses reflects a broad regulatory approach, while DooPrime emphasizes its Tier-1 license holdings. Trust scores reflect these differences, with eToro rated as highly trusted and DooPrime as trusted. This information is vital for traders making informed decisions, offering insight into the level of regulatory comfort and security they can expect when choosing between these two brokers.
| Feature |
eToro
|
DooPrime
|
|---|---|---|
| Year Founded | 2007 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 4 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
When comparing eToro and DooPrime on commissions and fees, there are clear differences to consider. eToro, known as a market-maker broker, typically presents a variable spread of 1 pip on the EUR/USD, which is slightly above the industry standard. The platform is more renowned for its social copy trading features than its fee structure, making it a popular choice for those interested in social trading. For traders looking to benefit from additional features, eToro offers a VIP Club with five tiers, ranging from Silver to Diamond, catering to balances from $5,000 to $250,000. These tiers offer perks such as access to Trading Central, reduced withdrawal and deposit fees, and dedicated account managers.
In contrast, DooPrime does not provide average spread data, making direct comparisons to eToro's spread more challenging. This could influence traders who prioritize transparency in fee structures. It’s essential for potential users of DooPrime to further explore specific cost-related factors, as the lack of spread data can impact financial planning and trading strategies.
In terms of ratings, eToro stands out with a high rating of 4.5 stars for commissions and fees, placing it 22nd out of 62 brokers according to ForexBrokers.com. Meanwhile, DooPrime has a lower rating of 3 stars, ranked at 58th out of the same 62 brokers. These rankings suggest that eToro may be a stronger option for traders prioritizing social trading features, whereas those considering DooPrime might want to weigh other factors beyond commission and fee structures.
| Feature |
eToro
|
DooPrime
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $100 |
| Average Spread EUR/USD - Standard | 1 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | 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 comparing the range of investments offered by eToro and DooPrime, both platforms provide forex trading either as a CFD or spot contract while allowing users access to U.S. and international exchange-traded securities like Apple and Vodafone. eToro stands out by enabling users to purchase actual cryptocurrencies directly, whereas DooPrime does not, though both platforms facilitate copy trading for users looking to leverage others' strategies. As for tradeable symbols, eToro offers 5,461, whereas DooPrime boasts an impressive 10,000 available options.
Both brokers shine with highly favorable ratings, securing 5 stars each for their investment ranges. eToro features slightly fewer forex pairs at 55 compared to DooPrime’s 60. Despite their strengths, eToro ranks 10th and DooPrime 12th among 62 brokers on ForexBrokers.com within the Range of Investments category. These subtle differences may influence individual preferences, but both platforms fundamentally offer diverse portfolios for their clients.
| Feature |
eToro
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 10000 |
| Forex Pairs (Total) | 55 | 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) | Yes | 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 the trading platforms and tools of eToro and DooPrime, both brokers offer a rich set of features but cater to slightly different needs. Both provide a simulated trading experience with free virtual demo accounts and have developed proprietary platforms in-house. While eToro does not offer a Windows-based desktop platform, DooPrime provides this option for traders preferring desktop software. On the other hand, both brokers support web-based browser platforms and offer copy trading services. eToro lacks support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5), whereas DooPrime caters to traders who favor these popular platforms. Neither eToro nor DooPrime support DupliTrade or ZuluTrade integrations.
Charting tools and customization options differ significantly between the two. eToro provides an impressive 161 drawing tools, far outstripping the 15 offered by DooPrime; however, eToro does not support direct trading from a stock chart like DooPrime does. Regarding watch lists, eToro presents six customizable fields, while DooPrime offers one additional column. Despite these differences, eToro edges ahead with a rating of 4.5 stars for its trading platforms and tools, compared to DooPrime's 4-star rating. According to ForexBrokers.com, eToro ranks 8th among 62 brokers in this category, whereas DooPrime holds the 25th spot, underscoring eToro's higher evaluation in terms of platform offerings and user experience.
| Feature |
eToro
|
DooPrime
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 104 | 30 |
| Charting - Drawing Tools (Total) | 161 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both eToro and DooPrime provide mobile trading apps for iPhone and Android users, making them accessible for traders on the go. Both apps offer the convenience of receiving stock and forex price alerts, as well as creating watchlists with real-time quotes. However, eToro takes the lead with its ability to sync watchlist symbols between mobile apps and online accounts, ensuring seamless transitions and updates across platforms. In contrast, DooPrime does not provide this feature. When it comes to charting capabilities, eToro impresses with 104 technical studies, whereas DooPrime offers a more limited selection of 30. Despite this, DooPrime compensates by allowing users to draw trendlines and automatically save chart drawings, features not available in eToro's app.
Both apps support viewing multiple time frames on charts, catering to different trading strategies. However, eToro's charting features lack the drawing functionalities which DooPrime users enjoy. In terms of overall performance, eToro's mobile app earns a 4.5-star rating, ranking 11th out of 62 brokers reviewed by ForexBrokers.com, while DooPrime is rated 4 stars and ranks at 24th. This makes eToro a more favorable choice for traders who prioritize extensive technical analysis tools, while DooPrime could appeal to those who value chart customization and drawing capabilities.
| Feature |
eToro
|
DooPrime
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, both eToro and DooPrime provide a solid foundation for traders, yet they cater to slightly different needs. Both platforms offer daily market commentary and feature an economic calendar that keeps users informed of global economic events. However, eToro edges ahead with its sentiment-based trading tools, providing insights into how other traders are viewing market positions, which can be quite useful for strategy development. Additionally, eToro is integrated with Trading Central for technical analysis, and it leverages TipRanks for additional market insights, making it a more comprehensive option for users seeking diverse research tools.
On the other hand, DooPrime shines with its offering of forex news sourced from top-tier platforms like Bloomberg, Reuters, and Dow Jones, providing users with authoritative news updates that are crucial for informed decision-making. While both brokers are equipped with Trading Central tools, neither offers features from companies like Autochartist or Acuity Trading. When ranked by ForexBrokers.com for their research capabilities, eToro boasts a higher position, coming in at #13, while DooPrime ranks at #29. Overall, eToro presents a slightly wider array of research tools, reflected in its superior research rating of 4.5 stars compared to DooPrime’s 4 stars.
| Feature |
eToro
|
DooPrime
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources for beginners provided by eToro and DooPrime, eToro stands out with a wealth of options. Both platforms offer over ten educational materials focusing on forex and CFDs, including articles, videos, and archived webinars. However, eToro extends its offerings by hosting monthly online educational webinars and providing a searchable archive of these recorded sessions. DooPrime, by contrast, does not offer such webinars or an archive. Both brokers cater to beginners with over ten educational videos each, and also supply advanced traders with comprehensive video resources. Yet, eToro goes a step further with an investor dictionary that covers more than 50 investing terms, a feature missing from DooPrime's offerings.
In terms of ratings, eToro's educational services shine brighter with a 4.5-star rating compared to DooPrime's 4 stars. Along with the higher rating, eToro's educational resources earn it a fifth-place ranking out of 62 brokers in the Education category on ForexBrokers.com. DooPrime, while offering solid educational content, ranks lower at 24th. For beginners seeking to enhance their trading knowledge, eToro appears to provide a more extensive educational experience compared to DooPrime.
| Feature |
eToro
|
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 eToro is better than DooPrime. eToro finished with an overall rank of #9, while DooPrime finished with an overall rank of #28.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
|
DooPrime
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 83 |
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When comparing eToro and DooPrime, eToro stands out by offering the ability to buy actual delivered cryptocurrencies and cryptocurrency derivatives, whereas DooPrime does not provide options to purchase either actual cryptocurrencies or their derivatives.
While both eToro and DooPrime provide diverse options for depositing and withdrawing funds, including PayPal, Skrill, Visa, Mastercard, and bank wires, eToro offers the added flexibility of ACH and SEPA transfers which are not available with DooPrime.
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 | eToro | DooPrime | |
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| Trust Score | 93 | 83 | |
| Winner | check_circle | ||
| Review | eToro Review |
| Broker Screenshots | eToro | DooPrime | |
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| Regulation | eToro | DooPrime | |
|---|---|---|---|
| Trust Score | 93 | 83 | |
| Year Founded | 2007 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 4 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | eToro | DooPrime | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | eToro | 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 | eToro | DooPrime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 10000 | |
| Forex Pairs (Total) | 55 | 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) | Yes | 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 | eToro | DooPrime | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | DooPrime | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | eToro | DooPrime | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | eToro | DooPrime | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 104 | 30 | |
| Charting - Drawing Tools (Total) | 161 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | 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 | 104 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | DooPrime | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | eToro | 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 | eToro | 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 | eToro Review |
| Overall | eToro | DooPrime | |
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| Trust Score | 93 | 83 | |
| Winner | check_circle | ||
| Review | eToro Review |
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