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FinecoBank vs DooPrime 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of FinecoBank vs DooPrime, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

FinecoBank
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 94
  • Tradeable Symbols (Total): 9770
DooPrime
4/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 83
  • Tradeable Symbols (Total): 10000

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.

Regulation

Founded in 1999, FinecoBank is a well-established institution that is publicly traded and also functions as a bank. With a Trust Score of 94 out of 99 from ForexBrokers.com, it is rated as a highly trusted online broker. FinecoBank holds two Tier-1 licenses, which signifies a high level of regulatory compliance and safety for traders. This positions FinecoBank as a reliable option for those seeking a broker with a long track record and high trustworthiness.

In comparison, DooPrime, founded in 2014, is not publicly traded and does not operate as a traditional bank. It holds a Trust Score of 83, placing it in the trusted category according to ForexBrokers.com. Impressively, DooPrime holds four Tier-1 licenses, which reflects strong regulatory adherence. While newer to the market than FinecoBank, DooPrime boasts a commendable level of trust and a competitive standing in regulatory compliance.

Feature FinecoBank logoFinecoBank
DooPrime logoDooPrime
Year Founded info 1999 2014
Publicly Traded (Listed) info Yes No
Bank info Yes No
Tier-1 Licenses info 2 4
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 3

Fees

When evaluating FinecoBank and DooPrime for their trading costs, FinecoBank provides limited transparency, as it does not share average spread data for forex and CFD trading. This lack of information makes it challenging to gauge the actual expenses traders might incur. FinecoBank lists a spread of 1 pip for trading the EUR/USD currency pair, which is on the higher end compared to typical industry offerings, as well as a spread of 0.8 pips. However, without clarifying whether these are average spreads or specifying a date range, potential clients are left without a clear picture of pricing. Nonetheless, FinecoBank appears to offer relatively competitive spreads on index CFDs.

DooPrime also does not disclose average spread data, which can leave traders unsure about the potential trading costs. Such a lack of transparency is critical for traders who prioritize understanding all expenses associated with their trades. With FinecoBank rated at 3.5 stars, and DooPrime receiving 3 stars for commissions and fees, both brokers have room for improvement in this area.

In terms of industry ranking for commissions and fees, FinecoBank holds the 50th position out of 62 brokers according to ForexBrokers.com, whereas DooPrime is ranked lower, at 58th place. These rankings reflect their comparative performance details and could suggest a need for both brokers to enhance their pricing or transparency to better meet trader expectations.

Feature FinecoBank logoFinecoBank
DooPrime logoDooPrime
Minimum Deposit info $0 $100
Average Spread EUR/USD - Standard info N/A info N/A info
All-in Cost EUR/USD - Active info N/A info N/A info
Active Trader or VIP Discounts info No No
ACH or SEPA Transfers info Yes No
PayPal (Deposit/Withdraw) info No Yes
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When comparing FinecoBank and DooPrime, both brokers offer a range of investment options suitable for different traders. FinecoBank provides access to 9,770 tradeable symbols, including 54 forex pairs, and allows trading of exchange-traded securities on both U.S. and international exchanges, letting clients invest in stocks like Apple and Vodafone. Similarly, DooPrime offers 10,000 tradeable symbols with 60 forex pairs and supports the purchase of exchange-traded securities across U.S. and international markets. However, a key difference between the two is that DooPrime provides copy trading functionality, which is not available with FinecoBank.

Neither broker offers the ability to buy actual cryptocurrency or cryptocurrency derivatives, so traders seeking digital currencies might need to explore other platforms. When rated for their range of investments, FinecoBank earns 4.5 stars and holds the 16th spot out of 62 brokers on ForexBrokers.com, while DooPrime scores a full 5 stars and ranks slightly higher at 12th. These distinctions highlight DooPrime's slight edge in providing a broader spectrum of investment choices, although both remain strong contenders in the online brokerage landscape.

Feature FinecoBank logoFinecoBank
DooPrime logoDooPrime
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 9770 10000
Forex Pairs (Total) info 54 60
U.S. Stock Trading (Non CFD) info Yes Yes
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info No Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info No 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.

Trading platforms and tools

When comparing online brokers FinecoBank and DooPrime, both offer strong trading platforms and tools, but with some distinct differences. FinecoBank and DooPrime each provide proprietary platforms, catering to users who prefer bespoke software. Both brokers also offer Windows-based desktop platforms and web-based trading options, making it easy for traders to access the market on different devices. However, FinecoBank doesn't support popular MT4 or MT5 platforms, which are available with DooPrime. A notable advantage for DooPrime is its provision of simulated trading through a free virtual demo account, a feature FinecoBank lacks.

Further differentiating the two, DooPrime offers copy trading, enabling traders to replicate successful strategies from other investors, while FinecoBank does not. In terms of charting tools, DooPrime provides more extensive options, with 15 drawing tools compared to FinecoBank's 7. Additionally, DooPrime enables trading directly from stock charts, a capability not offered by FinecoBank. For watch lists, DooPrime allows customization with seven columns, enhancing user experience. Overall, both brokers have been rated 4 stars for their platforms and tools, yet FinecoBank is ranked higher at #17 compared to DooPrime's #25 by ForexBrokers.com.

Feature FinecoBank logoFinecoBank
DooPrime logoDooPrime
Virtual Trading (Demo) info No Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info No Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 37 30
Charting - Drawing Tools (Total) info 7 15
Charting - Trade From Chart info No Yes
Watchlists - Total Fields info N/A 7
View More

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Forex trading apps

FinecoBank and DooPrime offer mobile apps for both iPhone and Android users, catering to those who need to trade on the go. Both brokers provide price alerts for stocks and forex, but neither supports watchlist symbol syncing between the mobile app and the online account. FinecoBank's mobile app features six technical studies for charting, whereas DooPrime impressively offers thirty. While FinecoBank falls short in offering trendline drawing capabilities on its app, DooPrime users can easily draw trendlines and enjoy automatic saving of their chart drawings. Both apps allow viewing of multiple time frames on a chart. However, DooPrime distinguishes itself with the capability to create a watchlist with real-time quotes, a feature missing from FinecoBank's offerings.

In terms of user satisfaction, both FinecoBank and DooPrime received a respectable four-star rating for their mobile trading apps. However, according to ForexBrokers.com, DooPrime holds a more favorable rank at #25 out of 62 brokers, compared to FinecoBank's position at #42. This ranking difference could be attributed to DooPrime's enhanced charting tools and real-time watchlist functionality, making it a potentially more attractive choice for mobile traders seeking comprehensive features.

Feature FinecoBank logoFinecoBank
DooPrime logoDooPrime
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 6 30
Mobile Charting - Draw Trendlines info No Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No Yes
Mobile Watchlist info No Yes

Dive deeper: Best Forex Trading Apps.

Market research

FinecoBank and DooPrime both provide access to forex news from top-tier sources like Bloomberg and Reuters, ensuring their clients stay informed about market movements. While both brokers offer economic calendars to keep track of global news events, there are distinct differences in their research tools. DooPrime stands out by offering a technical analysis tool from Trading Central, which can be a valuable asset for traders looking for deep market insights. In contrast, FinecoBank does not provide tools from Trading Central or sentiment-based trading features, which are also not available from DooPrime.

Both brokers do not provide market research from TipRanks or tools from Acuity Trading like Signal Centre. However, DooPrime has a slight edge with its daily market commentary, something not offered by FinecoBank. Despite these differences, they both hold a 4-star rating for research. When it comes to rankings, DooPrime is positioned slightly higher at #29 compared to FinecoBank's #33, suggesting a marginal preference for DooPrime among industry analysts.

Feature FinecoBank logoFinecoBank
DooPrime logoDooPrime
Daily Market Commentary info No Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info No Yes
Social Sentiment - Currency Pairs info No No
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to educational resources for beginners, FinecoBank and DooPrime each offer distinct advantages. FinecoBank provides regular client webinars, keeping beginners engaged with fresh content each month. Moreover, it caters specifically to novices with a collection of over 10 educational videos designed to introduce essential trading concepts. FinecoBank also supports learning with an extensive investor dictionary, defining more than 50 investing terms to help users expand their trading vocabulary. Despite lacking a searchable archive of past webinars, FinecoBankโ€™s focus on beginner materials earns it a solid four-star rating in education.

DooPrime takes another approach by offering a wealth of materials focused on forex and CFDs. With a wide array of educational pieces, beginners will find ample content to explore these markets. Like FinecoBank, DooPrime provides over 10 videos tailored to beginners. However, it stands out by also offering advanced educational videos for those aiming to deepen their expertise. Although DooPrime does not host monthly webinars or an investor dictionary, its comprehensive library of resources contributes to a four-star education rating, and it boasts a higher ranking than FinecoBank by ForexBrokers.com.

Feature FinecoBank logoFinecoBank
DooPrime logoDooPrime
Education (Forex or CFDs) info No Yes
Client Webinars info Yes No
Client Webinars (Archived) info No No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No Yes
Investor Dictionary (Glossary) info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 62 of the best forex brokers, our research and account testing finds that FinecoBank is better than DooPrime. FinecoBank finished with an overall rank of #25, while DooPrime finished with an overall rank of #28.

FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU โ€“ or you are a resident of Italy or the U.K. โ€“ you will not be permitted to open an online account with FinecoBank.

Feature FinecoBank logoFinecoBank
DooPrime logoDooPrime
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 94 83
Range of Investments 4.5/5 Stars 5/5 Stars
Commissions & Fees 3.5/5 Stars 3/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with FinecoBank or DooPrime?

Both FinecoBank and DooPrime do not provide the option to buy actual delivered cryptocurrency or cryptocurrency derivatives, highlighting their limited offerings in the cryptocurrency trading space.

What funding options does each broker offer?

FinecoBank supports ACH and SEPA transfers, as well as bank wires for account fund transactions, while DooPrime offers a variety of payment options including PayPal, Skrill, Visa, Mastercard, and bank wires but lacks ACH and SEPA transfer options.




announcementPlease note:

We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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Compare

0 of 5
Overall Rating FinecoBank DooPrime
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 3.5/5 Stars 3/5 Stars
Range of Investments 4.5/5 Stars 5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 4/5 Stars
Trust Score info 94 83
Winner check_circle
Review FinecoBank Review
Broker Screenshots FinecoBank DooPrime
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation FinecoBank DooPrime
Trust Score info 94 83
Year Founded info 1999 2014
Publicly Traded (Listed) info Yes No
Bank info Yes No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 2 4
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 3
Tier-1 Licenses (Highly Trusted) FinecoBank DooPrime
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No Yes
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses (Trusted) FinecoBank DooPrime
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments FinecoBank DooPrime
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 9770 10000
Forex Pairs (Total) info 54 60
U.S. Stock Trading (Non CFD) info Yes Yes
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info No Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info No 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 FinecoBank DooPrime
Average Spread EUR/USD - Standard info N/A info N/A info
All-in Cost EUR/USD - Active info N/A info N/A info
Active Trader or VIP Discounts info No No
Inactivity Fee info No No
Execution: Agency Broker info No Yes
Execution: Market Maker info No Yes
Funding FinecoBank DooPrime
Minimum Deposit info $0 $100
PayPal (Deposit/Withdraw) info No Yes
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes No
Trading Platforms FinecoBank DooPrime
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info No Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools FinecoBank DooPrime
Virtual Trading (Demo) info No Yes
Alerts - Basic Fields info No Yes
Watchlists - Total Fields info N/A 7
Charting - Indicators / Studies (Total) info 37 30
Charting - Drawing Tools (Total) info 7 15
Charting - Trade From Chart info No Yes
Charts can be saved info Yes Yes
Mobile Trading FinecoBank DooPrime
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info No Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 6 30
Mobile Charting - Draw Trendlines info No Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No Yes
Mobile Economic Calendar info Yes Yes
Research FinecoBank DooPrime
Daily Market Commentary info No Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info No Yes
TipRanks info No No
Social Sentiment - Currency Pairs info No No
Economic Calendar info Yes Yes
Education FinecoBank DooPrime
Education (Forex or CFDs) info No Yes
Client Webinars info Yes No
Client Webinars (Archived) info No No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No Yes
Investor Dictionary (Glossary) info Yes No
Major Forex Pairs FinecoBank DooPrime
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review FinecoBank Review
Overall FinecoBank DooPrime
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 3.5/5 Stars 3/5 Stars
Range of Investments 4.5/5 Stars 5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 4/5 Stars
Trust Score info 94 83
Winner check_circle
Review FinecoBank Review
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