Written by ForexBrokers.com
In this head to head comparison of DooPrime vs HFM, 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 the online brokers DooPrime and HFM, it's essential to look at their regulatory credentials. DooPrime, founded in 2014, holds four Tier-1 licenses, which ForexBrokers.com considers highly trusted. However, it has no Tier-2 licenses. In contrast, HFM, established in 2010, has two Tier-1 licenses and three Tier-2 licenses, providing a solid backing in terms of trusted regulatory oversight. Neither DooPrime nor HFM are publicly traded or banks.
In terms of trust, based on Trust Score ratings from ForexBrokers.com, DooPrime receives a score of 83, placing it in the trusted category. HFM, however, edges slightly ahead with a score of 86, also in the trusted category but closer to being highly trusted. These scores indicate that both platforms offer a reliable environment for traders, with HFM having a slight upper hand in regulatory trust.
| Feature |
DooPrime
|
HFM
|
|---|---|---|
| Year Founded | 2014 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 0 | 3 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 2 |
When comparing DooPrime and HFM on commissions and fees, potential traders will notice distinct differences. DooPrime, unfortunately, lacks average spread data, which makes it difficult to get a clear picture of their typical trading costs. Rated 3 out of 5 stars for their commissions and fees, DooPrime ranks #58 out of 62 brokers according to ForexBrokers.com. This suggests that their fee structure might not be the most competitive or transparent in the market.
In contrast, HFM provides more information regarding their fee structure, though trading costs are noted to be slightly higher than the industry average. For standard trading accounts, HFM typically offers a spread of 1.2 pips, although the absence of a specified date range means variations might occur. Their Zero account, which presents a more attractive option, has an effective spread of 0.7 pips after commissions, but this isn’t an average figure either. Receiving a commendable 4-star rating for commissions and fees, HFM is ranked #31 out of 62 brokers, indicating better value and transparency compared to DooPrime.
| Feature |
DooPrime
|
HFM
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | N/A | 1.2 |
| All-in Cost EUR/USD - Active | N/A | 0.7 |
| Active Trader or VIP Discounts | No | No |
| 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 it comes to comparing DooPrime and HFM in terms of their range of investments, both online brokers provide options for forex trading via CFDs or spot contracts. However, DooPrime offers a significantly larger selection of tradeable symbols, with 10,000 available compared to HFM's 500. In terms of forex pairs, HFM provides a broader choice, offering 102 pairs, while DooPrime has 60. A notable distinction is DooPrime's availability of exchange-traded securities on both U.S. and international exchanges, allowing clients to purchase actual shares like Apple and Vodafone. This feature is absent with HFM, which does not offer direct trading of such shares.
Both platforms support copy trading, catering to investors interested in mimicking successful trades. When it comes to cryptocurrency, neither DooPrime nor HFM facilitates the purchase of actual coins, yet HFM provides access to cryptocurrency derivatives. Ratings for these brokers reflect their offerings, with DooPrime earning a superior five-star rating for its range of investments compared to HFM’s four stars. Rankings from ForexBrokers.com further underscore the differences, positioning DooPrime at 12th out of 62 brokers, while HFM trails at 36th place.
| Feature |
DooPrime
|
HFM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 500 |
| Forex Pairs (Total) | 60 | 102 |
| 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). | 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.
Both DooPrime and HFM cater to traders by providing a comprehensive range of trading platforms and tools. Each broker offers users the opportunity to practice with a free simulated trading account, which is crucial for new traders looking to refine their strategies without financial risk. DooPrime and HFM have both developed proprietary trading platforms, affirming their commitment to tailored trading experiences. For flexibility, traders can access both Windows-based desktop platforms and web-based trading solutions from either broker. They also support popular trading platforms MetaTrader 4 and MetaTrader 5, and both offer copy trading services, although not through DupliTrade or ZuluTrade, giving traders plenty of options to suit their style. Furthermore, investors can engage directly with trades right from the stock charts on both platforms.
While DooPrime and HFM are each rated four stars in the trading platforms and tools category, their specific offerings do slightly differ. For technical traders, HFM provides a broader arsenal with 30 drawing tools compared to DooPrime's 15, although both offer 7 fields for watch lists. DooPrime currently stands at rank 25 out of 62 brokers according to ForexBrokers.com, slightly surpassing HFM, which is ranked 42 for the Trading Platforms and Tools. This makes DooPrime an attractive choice for traders prioritizing the ranking and range of charting tools, while HFM still robustly caters to diverse trading needs with a strong platform rating.
| Feature |
DooPrime
|
HFM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | 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 | No | No |
| Charting - Indicators / Studies (Total) | 30 | 15 |
| Charting - Drawing Tools (Total) | 15 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading applications, both DooPrime and HFM cater well to iPhone and Android users. They offer essential tools such as price alerts for stock or forex, the functionality to draw trendlines on charts, and the ability to view various time frames including intraday, daily, or weekly. Both apps come equipped with thirty technical studies for charting, which can satisfy a wide range of traders from beginners to more seasoned investors. Additionally, both platforms support creation of watchlists with real-time quotes, though neither app syncs these watchlists with changes made on the online account.
In terms of quality and user satisfaction, DooPrime and HFM are both rated four out of five stars for their mobile trading apps. However, when ranked amongst 62 brokers by ForexBrokers.com, DooPrime holds a higher position at number 24, while HFM is ranked at 39. This suggests slightly stronger performance or user preference for DooPrime in the mobile trading arena. Both apps auto-save chart drawings, ensuring that users do not lose their essential notes or analysis when making trading decisions on the go.
| Feature |
DooPrime
|
HFM
|
|---|---|---|
| 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 | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, both DooPrime and HFM offer daily market commentary and provide forex news from reputable sources like Bloomberg and Reuters. However, their offerings diverge in terms of analytical tools. DooPrime gives traders access to technical analysis tools from Trading Central, while HFM prefers Autochartist's tools for technical analysis or fundamental research. For those interested in sentiment analysis, HFM provides a tool to view long or short position ratios across various instruments, a feature not available with DooPrime.
Both brokers provide an economic calendar to keep traders updated on global news events, ensuring well-informed decision-making. Each has been awarded four stars for their research offerings, but HFM takes a slight edge in rankings at #20 compared to DooPrime's #29, according to ForexBrokers.com. This suggests HFM might appeal more to traders seeking cutting-edge analytical tools and sentiment insights, while DooPrime could be a preferred option for those focused on technical analysis from Trading Central.
| Feature |
DooPrime
|
HFM
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources geared towards beginners, both DooPrime and HFM stand out in their efforts to equip novices with fundamental knowledge about forex and CFDs. DooPrime offers a wide array of at least 10 educational pieces including articles and videos, as well as 10 beginner-focused video tutorials. Beginners can also access advanced educational videos, which is also true for HFM. However, HFM goes a step further by providing monthly online webinars and a searchable archive of recorded sessions, helping users dive deeper into trading topics throughout their learning journey. HFM enhances its educational offerings with an investor dictionary featuring over 50 trading terms, a feature that DooPrime currently lacks. Both platforms have achieved a commendable rating of 4 stars for educational support.
In terms of rankings on ForexBrokers.com for educational resources, DooPrime holds the 24th position out of 62 brokers, surpassing HFM, which stands at the 37th position. While DooPrime and HFM both deliver essential content for beginners, HFM seems to provide a more comprehensive educational experience, thanks to its live webinars and expansive resource library. That said, both brokers are notable for supporting traders at various stages of their learning process, helping them build a confident foundation in trading.
| Feature |
DooPrime
|
HFM
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| 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 HFM. DooPrime finished with an overall rank of #28, while HFM finished with an overall rank of #30.
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
|
HFM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 86 |
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While both DooPrime and HFM do not provide the option to purchase actual delivered cryptocurrencies, HFM differentiates itself by offering the capability to invest in cryptocurrency derivatives, unlike DooPrime.
When comparing the deposit and withdrawal options available at online brokers DooPrime and HFM, both offer Skrill, Visa, Mastercard, and bank wire services, but only DooPrime provides PayPal, while neither 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 | DooPrime | HFM | |
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| Trust Score | 83 | 86 | |
| Winner | check_circle | ||
| Review | HFM Review |
| Broker Screenshots | DooPrime | HFM | |
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| Regulation | DooPrime | HFM | |
|---|---|---|---|
| Trust Score | 83 | 86 | |
| Year Founded | 2014 | 2010 | |
| 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 | 3 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 2 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | HFM | |
|---|---|---|---|
| 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 | HFM | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | Yes | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | DooPrime | HFM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 500 | |
| Forex Pairs (Total) | 60 | 102 | |
| 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). | 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 | HFM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | 0.7 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | HFM | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| 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 | HFM | |
|---|---|---|---|
| Proprietary Platform | Yes | 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | DooPrime | HFM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 15 | |
| Charting - Drawing Tools (Total) | 15 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | DooPrime | HFM | |
|---|---|---|---|
| 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 | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | DooPrime | HFM | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | HFM | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | DooPrime | HFM | |
|---|---|---|---|
| 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 | HFM Review |
| Overall | DooPrime | HFM | |
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| Trust Score | 83 | 86 | |
| Winner | check_circle | ||
| Review | HFM Review |
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