Written by ForexBrokers.com
In this head to head comparison of FOREX.com 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.
FOREX.com, established in 1999, is a seasoned player in the online trading landscape and enjoys a sterling reputation. The platform is publicly traded, which enhances its transparency and accountability. Boasting a top Trust Score of 99 as rated by ForexBrokers.com, FOREX.com is recognized as highly trusted within the industry. It is not a bank, but stands out with seven Tier-1 regulatory licenses and one Tier-2 license, affirming its commitment to providing a secure trading environment.
On the other hand, DooPrime, founded in 2014, offers competitive options for traders looking for a trustworthy broker. While it is not publicly traded, it maintains a solid Trust Score of 83, indicating a trusted status according to ForexBrokers.com’s rating system. Similar to FOREX.com, DooPrime is not a bank but upholds its credibility with four Tier-1 regulatory licenses. Though it lacks Tier-2 licenses, its regulatory framework supports a trusted trading experience, appealing to newer traders focused on reliability and straightforward compliance.
| Feature |
FOREX.com
|
DooPrime
|
|---|---|---|
| Year Founded | 1999 | 2014 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 4 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
When comparing FOREX.com and DooPrime in terms of commissions and fees, it is evident that FOREX.com stands out with its range of execution methods and account types tailored for different trading preferences. FOREX.com is a market maker known for its transparency in execution statistics, though it may be slightly more costly than the industry average, particularly for traders based in the U.S. The Standard account at FOREX.com offers higher average spreads of 1.4 on the popular EUR/USD currency pair, which may appeal to those valuing market-maker execution. Meanwhile, their RAW account offers more competitive pricing with spreads as low as 0.13 pips on EUR/USD, attracting active traders with its commission-based pricing and volume-based rebates.
DooPrime, on the other hand, lacks a robust reputation in this area, as evidenced by an absence of detailed spread data and fewer attractive pricing structures. With an average spread that remains unspecified, traders might find it challenging to assess the real cost of trading with DooPrime. Its commission and fees rating of 3 stars reflects a service that may not offer the competitive edge found with FOREX.com, which is rated 4.5 stars for its fees and ranked #13 out of 62 brokers assessed by ForexBrokers.com, compared to DooPrime’s #58.
In summary, FOREX.com provides traders with more clarity and options, even though it might be slightly pricier, making it a viable choice for those who prefer comprehensive and transparent trading solutions. DooPrime, although functional, lacks detailed spread data and competitive incentives, which is reflected in its lower commission and fees star rating. Potential traders should weigh their priorities and choose a platform fitting their trading volume and style to fit their financial goals effectively.
| Feature |
FOREX.com
|
DooPrime
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | 1.4 | N/A |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When examining the range of investments available on two online brokers, FOREX.com and DooPrime, distinct differences emerge. FOREX.com provides users with access to 5,500 tradable symbols and offers 91 forex currency pairs as contracts for difference (CFDs) or spot contracts. Though it doesn’t allow direct trading of U.S. or international exchange-traded securities like Apple or Vodafone, FOREX.com supports cryptocurrency derivatives and is well-regarded with a five-star rating, achieving a 7th place rank out of 62 brokers for its investment range.
On the other hand, DooPrime offers a broader selection with 10,000 tradable symbols, but fewer forex pairs at 60. Unlike FOREX.com, DooPrime enables clients to trade directly in exchange-traded securities both in the U.S. and internationally. Additionally, DooPrime supports copy trading, although it does not provide options to buy actual cryptocurrencies or their derivatives. DooPrime matches FOREX.com's five-star rating for investment variety and holds the 12th spot in the ranking of brokers by ForexBrokers.com for their range of investments. Overall, both platforms provide strong options, but cater to slightly different trading priorities and preferences.
| Feature |
FOREX.com
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 10000 |
| Forex Pairs (Total) | 91 | 60 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | No | 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 the trading platforms and tools of FOREX.com and DooPrime, both brokers offer impressive features, catering to various traders’ needs. FOREX.com and DooPrime provide simulated trading with free virtual demo accounts, enabling new users to gain familiarity without financial risk. Each offers proprietary platforms, alongside popular options like MetaTrader 4 and MetaTrader 5, accessible on both desktop and web-based platforms. However, DooPrime stands out with its copy trading capabilities, unlike FOREX.com. While FOREX.com provides a more extensive range of drawing tools for charting with 239 options, compared to DooPrime's 15, both allow trading directly from a stock chart.
In terms of customization, FOREX.com offers more flexibility with 20 columns for watch lists, surpassing DooPrime’s 7. Ultimately, FOREX.com's emphasis on platform and tool variety reflects in its higher rating of 5 stars and a 7th place ranking out of 62 brokers, according to ForexBrokers.com. DooPrime, although commendable with a 4-star rating, holds the 25th position. This detailed overview should guide traders in choosing the platform that best aligns with their trading style and needs.
| Feature |
FOREX.com
|
DooPrime
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 88 | 30 |
| Charting - Drawing Tools (Total) | 239 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 20 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing mobile trading apps, both FOREX.com and DooPrime are compatible with iOS and Android devices, offering features like stock and forex price alerts. However, FOREX.com stands out with its ability to sync watchlist symbols between the mobile app and the user's online account, a feature not available with DooPrime. Additionally, FOREX.com provides an impressive 88 technical studies for charting on its app, compared to DooPrime's 30, giving traders more tools for analysis.
Both apps allow users to draw trendlines and view charts in various time frames, such as daily, weekly, or intraday, with automatic saving of any drawings. Real-time quotes for watchlists are supported by both platforms as well. In terms of user ratings and rankings, FOREX.com earns 5 stars and is ranked 3rd out of 62 brokers in the Mobile Trading Apps category, while DooPrime receives a 4-star rating and ranks 24th. These distinctions highlight FOREX.com's commitment to providing a more comprehensive mobile trading experience.
| Feature |
FOREX.com
|
DooPrime
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | 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 looking at market research features, both FOREX.com and DooPrime provide valuable insights through daily market commentary and forex news updates from top-tier sources like Bloomberg and Reuters. They also share access to Trading Central's tools, offering technical analysis and trading analytics. However, they do not integrate Autochartist tools or research from Acuity Trading into their platforms, and neither uses TipRanks for market research insights. For traders interested in gauging market sentiments, FOREX.com gives users an edge with a tool that displays the ratio of long and short positions across various instruments, a feature not available with DooPrime.
Both brokers feature comprehensive economic calendars to keep users informed of important news events around the globe. In terms of research rankings and ratings, FOREX.com scores a higher 4.5 out of 5 stars and holds a respectable 9th position out of 62 brokers on ForexBrokers.com for research capabilities. In contrast, DooPrime, with a rating of 4 stars, ranks at 29th in the same research category. This data suggests that while both brokers offer solid research features, FOREX.com's offerings may provide a slight advantage, particularly in sentiment tools and overall research excellence.
| Feature |
FOREX.com
|
DooPrime
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | 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, both FOREX.com and DooPrime provide a solid foundation with more than 10 educational pieces each, including articles, videos, and archived webinars focused on forex or CFDs. However, FOREX.com excels in offering monthly live educational webinars, which DooPrime does not provide. Additionally, FOREX.com enhances its offerings with a searchable archive of past webinars, allowing their clients to revisit valuable content at their convenience.
Both platforms cater to novices with at least 10 beginner-focused educational videos, but FOREX.com distinguishes itself with an extensive investor dictionary containing definitions of over 50 investing terms, which is absent at DooPrime. These added resources contribute to FOREX.com's higher education rating of 4.5 stars and a rank of #4 out of 62 within the industry. DooPrime, while still offering quality resources with a 4-star education rating, falls to the #24 spot in ranking, highlighting the greater depth and accessibility provided by FOREX.com for learning the ropes of online trading.
| Feature |
FOREX.com
|
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 FOREX.com is better than DooPrime. FOREX.com finished with an overall rank of #5, while DooPrime finished with an overall rank of #28.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
|
DooPrime
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 83 |
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When comparing the cryptocurrency offerings of online brokers, FOREX.com allows the purchase of cryptocurrency derivatives but does not offer actual (delivered) cryptocurrency, whereas DooPrime does not provide either option for buying actual cryptocurrencies or derivatives.
FOREX.com and DooPrime both provide options for deposits and withdrawals via PayPal, Visa, Mastercard, and bank wires; however, while FOREX.com supports ACH and SEPA transfers and does not support Skrill, DooPrime offers Skrill but lacks ACH and SEPA transfer options.
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 | FOREX.com | DooPrime | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | FOREX.com Review |
| Broker Screenshots | FOREX.com | DooPrime | |
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| Regulation | FOREX.com | DooPrime | |
|---|---|---|---|
| Trust Score | 99 | 83 | |
| Year Founded | 1999 | 2014 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 4 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | DooPrime | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FOREX.com | DooPrime | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FOREX.com | DooPrime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 10000 | |
| Forex Pairs (Total) | 91 | 60 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | No | 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 | FOREX.com | DooPrime | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | N/A | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FOREX.com | DooPrime | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FOREX.com | DooPrime | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FOREX.com | DooPrime | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 20 | 7 | |
| Charting - Indicators / Studies (Total) | 88 | 30 | |
| Charting - Drawing Tools (Total) | 239 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FOREX.com | 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 | 88 | 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 | FOREX.com | DooPrime | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FOREX.com | 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 | FOREX.com | 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 | FOREX.com Review |
| Overall | FOREX.com | DooPrime | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | FOREX.com Review |
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