Written by ForexBrokers.com
In this head to head comparison of DooPrime vs FXOpen, 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.
DooPrime and FXOpen are both established online brokers offering diverse trading services, yet they differ in their foundation years and regulatory standing. Founded in 2014, DooPrime possesses four Tier-1 licenses, indicating a high level of trust and security for its customers. Although not publicly traded or operating as a bank, DooPrime maintains a solid Trust Score of 83, placing it in the "trusted" category according to ForexBrokers.com.
FXOpen, founded in 2003, is one of the older players in the market but falls behind DooPrime in terms of regulatory strength, holding two Tier-1 licenses. Much like DooPrime, FXOpen is not publicly traded and does not operate as a bank. Its Trust Score sits at 76, suggesting an average risk level based on ForexBrokers.com's ratings. These contrasting regulatory credentials and trust scores can help potential investors decide which broker may better suit their trading needs.
| Feature |
DooPrime
|
FXOpen
|
|---|---|---|
| Year Founded | 2014 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 0 |
When it comes to commissions and fees, DooPrime and FXOpen offer different experiences for traders. DooPrime receives a 3-star rating in this category and is ranked 58th out of 62 brokers by ForexBrokers.com. Unfortunately, average spread data for DooPrime isn't available, which might make it challenging for potential traders to evaluate costs fully.
On the other hand, FXOpen fares better in terms of commissions and fees, boasting a 4-star rating. It ranks higher than DooPrime at 45th out of 62 brokers according to ForexBrokers.com. This ranking suggests that FXOpen provides a more cost-effective trading environment compared to DooPrime, even though average spread data isn't available for either broker.
Both brokers lack average spread data, which is an essential factor many traders consider when assessing trading costs. However, FXOpen's higher rating and ranking may indicate a more competitive fees structure overall compared to DooPrime's offerings.
| Feature |
DooPrime
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| 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 between DooPrime and FXOpen, it's clear that each online broker offers different advantages for traders. DooPrime provides a vast selection of over 10,000 tradeable symbols, including 60 forex pairs. This expansive offering is complemented by the availability of buying exchange-traded securities on both U.S. and international exchanges, such as Apple shares on the NASDAQ and Vodafone shares on the London Stock Exchange. In contrast, FXOpen offers 87 tradeable symbols and 25 forex pairs, but does not provide access to exchange-traded securities on U.S. or international exchanges. Both brokers support copy trading features, allowing traders to replicate strategies from others.
For those interested in cryptocurrency, neither DooPrime nor FXOpen facilitates the purchase of actual cryptocurrencies, though FXOpen does allow trading of cryptocurrency derivatives. The exceptional variety at DooPrime earns it a 5-star rating for its range of investments, securing the 12th spot out of 62 brokers ranked by ForexBrokers.com. In comparison, FXOpen, with a 3-star rating, finds itself ranked at 61st in the same category. This diverse and accessible range makes DooPrime an attractive choice for investors seeking broad opportunities in global markets.
| Feature |
DooPrime
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 87 |
| Forex Pairs (Total) | 60 | 25 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | Yes |
| 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools of DooPrime and FXOpen, both brokers provide a range of features suitable for traders of different levels. DooPrime stands out with its in-house-developed proprietary platform, a unique offering not found with FXOpen. However, both brokers provide common platforms, including MetaTrader 4 and 5, offering familiar functionalities to users. They also ensure access to trading through web-based platforms and downloadable options for Windows users, along with offering demo accounts for simulated trading experiences. Both brokers accommodate copy trading, though FXOpen additionally offers ZuluTrade for traders interested in this specific service.
Charting capabilities are quite similar with both brokers providing 15 drawing tools, and the convenience of trading directly from stock charts is available with each. Watch lists on both platforms include up to seven fields, facilitating comprehensive monitoring of trading interests. Despite the similarities in tools and features, it’s notable that DooPrime is ranked 25th by ForexBrokers.com, compared to FXOpen's 53rd place for their trading platforms and tools. Nevertheless, both brokers receive an equally solid four-star rating in this category, reflecting user satisfaction with their offerings.
| Feature |
DooPrime
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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 | No | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both DooPrime and FXOpen provide a solid mobile trading experience, offering apps compatible with iPhone and Android devices. Traders on both platforms can benefit from stock and forex price alerts and the ability to draw trendlines and view multiple time frames on charts. Each app provides users with the capability to access 30 technical studies, ensuring a comprehensive trading experience. However, neither DooPrime nor FXOpen offer syncing for watchlist symbols between their mobile apps and online accounts.
Despite their similarities, DooPrime has an edge with its mobile app's ability to auto-save chart drawings, a feature FXOpen lacks. Real-time quote watchlists are available on both platforms, making it easy to track desired stocks or forex pairs. DooPrime is rated 4 out of 5 stars for its mobile trading app, the same rating received by FXOpen. However, in terms of ranking, DooPrime is placed higher at #24 out of 62 brokers compared to FXOpen's #54, making it a more favorable choice for those prioritizing app performance and features.
| Feature |
DooPrime
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | 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 | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both DooPrime and FXOpen provide valuable resources for traders seeking daily updates and insights. They each offer daily market commentary and supply forex news from prominent sources like Bloomberg, Reuters, and Dow Jones. However, when it comes to technical analysis tools, DooPrime stands out by offering resources from Trading Central, while FXOpen does not. Neither broker provides tools from Autochartist, a sentiment-based trading tool, or research services from TipRanks or Acuity Trading.
For those interested in tracking global economic events, both DooPrime and FXOpen supply an economic calendar that highlights key international news. When it comes to overall research capabilities, DooPrime receives a higher rating of 4 out of 5 stars compared to FXOpen's 3 stars. This difference in rating is reflected in their rankings among 62 brokers, where DooPrime is positioned at #29 and FXOpen at #62 according to ForexBrokers.com.
| Feature |
DooPrime
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing DooPrime and FXOpen for educational resources, beginners will find DooPrime more accommodating. DooPrime stands out by offering over ten educational resources that focus primarily on forex and CFDs, ensuring newcomers have plenty of material to guide their learning journey. Additionally, DooPrime provides more than ten beginner and advanced trading videos tailored to different experience levels, aimed directly at enhancing a trader's skills. In contrast, FXOpen does not meet the educational content minimum and lacks the video resources crucial for beginners.
Both brokers fall short in providing live or archived educational webinars, limiting real-time learning opportunities for newcomers. However, FXOpen's dedication to demystifying trading terminology is evident in its investor dictionary, featuring over fifty investing terms, offering a helpful aid for understanding complex trading lingo. According to ForexBrokers.com, DooPrime enjoys a higher rating and ranking in the education category, securing four stars and a respectable 24th place among 62 brokers. FXOpen, rated with three stars and ranked 58th, lags in its educational offerings for beginners.
| Feature |
DooPrime
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that DooPrime is better than FXOpen. DooPrime finished with an overall rank of #28, while FXOpen finished with an overall rank of #54.
DooPrime is mainly regulated in the UK, as well as two offshore locations (Vanuatu and Mauritius), and offers 10,000 investment products, and multiple platforms including the full MetaTrader suite, and social copy trading platforms. That said, DooPrime trails behind the best brokers in key categories.
| Feature |
DooPrime
|
FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 76 |
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While both DooPrime and FXOpen do not offer the purchase of actual delivered cryptocurrency, only FXOpen provides the option to invest in cryptocurrency derivatives.
When comparing online brokers, DooPrime and FXOpen both provide convenient options like Skrill and bank wires for fund transactions, while DooPrime uniquely offers PayPal, and both lack ACH and SEPA transfers as alternatives, with Visa and Mastercard available at both for ease of use.
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 | DooPrime | FXOpen | |
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| Trust Score | 83 | 76 | |
| Winner | check_circle | ||
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| Broker Screenshots | DooPrime | FXOpen | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | DooPrime | FXOpen | |
|---|---|---|---|
| Trust Score | 83 | 76 | |
| Year Founded | 2014 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 0 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| 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). | No | Yes |
| Tier-2 Licenses (Trusted) | DooPrime | FXOpen | |
|---|---|---|---|
| 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 | DooPrime | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 87 | |
| Forex Pairs (Total) | 60 | 25 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | Yes | |
| 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). |
| Cost | DooPrime | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| 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 | DooPrime | FXOpen | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | DooPrime | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | DooPrime | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | 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 | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | DooPrime | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | DooPrime | FXOpen | |
|---|---|---|---|
| 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 |
| Overall | DooPrime | FXOpen | |
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| Trust Score | 83 | 76 | |
| Winner | check_circle | ||
| Review |
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