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IC Markets vs DooPrime 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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

IC Markets
4.5/5 Stars Overall
  • Minimum Deposit: $200
  • Trust Score: 84
  • Tradeable Symbols (Total): 3583
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

IC Markets and DooPrime are well-regarded online brokers, each offering unique regulatory features for traders. IC Markets, founded in 2007, holds two Tier-1 licenses, considered highly trustworthy according to ForexBrokers.com, and boasts a Trust Score of 84, placing it firmly in the trusted category. Although not a publicly traded company or a bank, IC Markets has established itself as a reliable choice with its strong regulatory backing.

DooPrime, on the other hand, entered the market in 2014 and holds four Tier-1 licenses, signaling a high level of trustworthiness despite not being listed on a stock exchange or functioning as a bank. With a Trust Score of 83, DooPrime is also categorized as a trusted broker. Both platforms provide secure and reliable options for users looking to engage in online trading within a trusted regulatory framework.

Feature IC Markets logoIC Markets
DooPrime logoDooPrime
Year Founded info 2007 2014
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 4
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 3 3

Fees

When comparing the online brokers IC Markets and DooPrime, IC Markets stands out as a top performer in terms of commissions and fees. Rated with 5 stars, IC Markets offers highly competitive trading costs, earning it the #5 rank among 62 brokers in the Commissions and Fees category according to ForexBrokers.com. IC Markets provides three account types, including a commission-free Standard account and two commission-based Raw Spread accounts. For those trading on cTrader, the commission is $3.0 per side for every 100,000 units, while MetaTrader users pay $3.5 per side. This results in effective spreads as low as 0.62 pips on cTrader, placing IC Markets alongside leading low-cost forex brokers.

On the other hand, DooPrime receives a 3-star rating for commissions and fees, ranking much lower at #58 out of 62 brokers. Accurate spread data is unavailable, which can make it difficult for potential traders to fully assess the cost-effectiveness of this broker. Despite this, DooPrime is an alternative for traders seeking different features that may suit their trading needs more than cost efficiency.

Overall, while both IC Markets and DooPrime offer options for forex trading, IC Markets appeals more to traders prioritizing low-cost trading conditions. With its competitive spreads, account diversity, and top-tier ranking, IC Markets provides traders with a cost-efficient and flexible trading experience compared to DooPrime.

Feature IC Markets logoIC Markets
DooPrime logoDooPrime
Minimum Deposit info $200 $100
Average Spread EUR/USD - Standard info 0.62 info N/A info
All-in Cost EUR/USD - Active info 0.62 info N/A info
Active Trader or VIP Discounts info Yes No
ACH or SEPA Transfers info No No
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When comparing the range of investments available with IC Markets and DooPrime, significant differences emerge. IC Markets provides access to a substantial 3583 tradeable symbols, along with 61 forex pairs, emphasizing its strength in forex trading available as CFDs or spot contracts. However, it falls short of offering exchange-traded securities on US exchanges and lacks the ability to buy actual cryptocurrencies, limiting its scope to cryptocurrency derivatives. Despite these limitations, IC Markets offers compelling options for international securities and copy trading, earning a solid 4.5-star rating for its range of investments.

In contrast, DooPrime impresses with an extensive offering of 10,000 tradeable symbols, slightly fewer forex pairs at 60, and the same option for forex trading as CFDs or spot contracts. Notably, DooPrime allows investors to purchase exchange-traded securities on both US and international exchanges, including giants like Apple. While it does not offer actual or derivative cryptocurrency trading, the platform's expansive investment options, including copy trading, position it favorably with a 5-star rating. In the ForexBrokers.com rankings for investment range, DooPrime's broad capabilities place it at an impressive #12 out of 62 brokers, while IC Markets holds the #25 spot.

Feature IC Markets logoIC Markets
DooPrime logoDooPrime
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 3583 10000
Forex Pairs (Total) info 61 60
U.S. Stock Trading (Non CFD) info No Yes
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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.

Trading platforms and tools

Both IC Markets and DooPrime shine as online brokers offering a suite of trading platforms and tools tailored for various trader needs. They each provide free virtual demo accounts for simulated trading, ensuring that traders can practice strategies without financial risk. While IC Markets does not feature a self-developed platform, DooPrime provides a proprietary platform, giving it a unique touch. Both brokers support Windows-based desktop downloads and web-based trading platforms, ensuring flexibility and accessibility for traders. Additionally, they offer popular platforms like MetaTrader 4 and MetaTrader 5, while IC Markets stands out with ZuluTrade options for those interested in copy trading.

Charting capabilities are a significant consideration for traders, and both IC Markets and DooPrime offer 15 drawing tools and the convenience of trading directly from stock charts. Their watch lists are similarly robust, each offering 7 fields for better trading oversight. With these tools, both brokers have demonstrated their commitment to catering to the diverse needs of traders, earning a 4-star rating for trading platforms and tools. However, when ranked against 62 brokers, IC Markets claims a competitive edge at #16, compared to DooPrime's #25, highlighting its slightly stronger reputation among the trading community.

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

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

IC Markets and DooPrime both offer convenient mobile trading apps for iPhone and Android users, making it easy to trade on the go. Both platforms allow users to set up stock or forex price alerts and provide the tools needed for effective chart analysis with 30 technical studies available. The apps support drawing trendlines on charts and viewing multiple time frames, whether daily, weekly, or intraday, with the added benefit of auto-saving your drawings. Moreover, both IC Markets and DooPrime allow creating watchlists with real-time quotes, although neither offers watchlist symbol syncing between the mobile app and online account.

When it comes to user ratings, both IC Markets and DooPrime receive a commendable 4 out of 5 stars for their mobile trading apps. They are closely ranked by ForexBrokers.com with IC Markets coming in at #22 and DooPrime at #25 out of 62 brokers. Whether you're monitoring stock alerts or engaging in in-depth chart analysis, both platforms ensure a seamless trading experience that caters to the needs of modern traders. While offering similar features, IC Markets has a slight edge in rankings, making it a slightly more favorable option for users seeking a well-rounded mobile trading app experience.

Feature IC Markets logoIC Markets
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 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When comparing IC Markets and DooPrime for market research offerings, both brokers shine in providing daily market commentary and forex news from top-tier sources like Bloomberg and Reuters. They each provide access to extensive economic calendars, keeping traders informed of global events. However, IC Markets distinguishes itself with additional tools, including technical and fundamental analysis from Autochartist and a sentiment-based trading tool that shows the ratio of long and short positions across currency pairs. In contrast, DooPrime provides technical analysis via Trading Central, but does not offer the Autochartist tools or sentiment-based trading resources.

Both IC Markets and DooPrime share a 4-star research rating, yet they differ slightly in their rankings by ForexBrokers.com, with IC Markets at #23 and DooPrime at #29 out of 62 brokers. Neither broker offers market research from TipRanks or Acuity Trading tools like Signal Centre. The choice between these platforms may ultimately come down to the extra analytical tools offered by IC Markets, which might give traders seeking comprehensive insights an edge in their trading strategies.

Feature IC Markets logoIC Markets
DooPrime logoDooPrime
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info Yes Yes
Social Sentiment - Currency Pairs info Yes 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 comparing the educational resources for beginners at IC Markets and DooPrime, both online brokers provide a solid foundation for forex and CFDs learning with a minimum of ten educational pieces, including articles and videos. IC Markets stands out with its commitment to offering monthly online webinars, giving clients a dynamic way to engage with the content and ask questions in real-time. They also provide a searchable archive of past webinars, offering a rich resource for those who wish to learn at their own pace. Additionally, both platforms deliver at least ten beginner and advanced trading videos, catering to users at various stages of their trading journey.

Although both platforms are rated four stars for education, IC Markets takes a further step by offering an investor dictionary with definitions of over 50 terms, which is absent from DooPrime's offerings. This makes it a handy resource for beginners who are becoming familiar with trading jargon. IC Markets ranks slightly higher in the education category, holding the 16th spot compared to DooPrime's rank of 25 out of 62 brokers according to ForexBrokers.com. For a complete educational experience, IC Markets provides additional tools that can greatly benefit those starting in the trading world.

Feature IC Markets logoIC Markets
DooPrime logoDooPrime
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes 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 IC Markets is better than DooPrime. IC Markets finished with an overall rank of #20, while DooPrime finished with an overall rank of #28.

IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders.

Feature IC Markets logoIC Markets
DooPrime logoDooPrime
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 84 83
Range of Investments 4.5/5 Stars 5/5 Stars
Commissions & Fees 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 4/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with IC Markets or DooPrime?

While both IC Markets and DooPrime do not provide the option to purchase actual delivered cryptocurrencies, IC Markets enables traders to buy cryptocurrency derivatives, unlike DooPrime, which does not offer this facility.

What funding options does each broker offer?

Both IC Markets and DooPrime do not support ACH or SEPA transfers for deposits and withdrawals, yet they offer multiple options including PayPal, Skrill, Visa or Mastercard, and bank wires.




announcementPlease 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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Compare

0 of 5
Overall Rating IC Markets DooPrime
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 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 4/5 Stars 4/5 Stars
Trust Score info 84 83
Winner check_circle
Review IC Markets Review
Broker Screenshots IC Markets 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 IC Markets DooPrime
Trust Score info 84 83
Year Founded info 2007 2014
Publicly Traded (Listed) info No No
Bank info No 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 3 3
Tier-1 Licenses (Highly Trusted) IC Markets 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 No 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) IC Markets 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 IC Markets DooPrime
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 3583 10000
Forex Pairs (Total) info 61 60
U.S. Stock Trading (Non CFD) info No Yes
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 IC Markets DooPrime
Average Spread EUR/USD - Standard info 0.62 info N/A info
All-in Cost EUR/USD - Active info 0.62 info N/A info
Active Trader or VIP Discounts info Yes No
Inactivity Fee info No No
Execution: Agency Broker info Yes Yes
Execution: Market Maker info Yes Yes
Funding IC Markets DooPrime
Minimum Deposit info $200 $100
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No No
Trading Platforms IC Markets DooPrime
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info Yes No
DupliTrade info No No
ZuluTrade info Yes No
Trading Tools IC Markets DooPrime
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 7
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 15 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading IC Markets DooPrime
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes Yes
Research IC Markets DooPrime
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info Yes Yes
TipRanks info No No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education IC Markets DooPrime
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes No
Major Forex Pairs IC Markets 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 IC Markets Review
Overall IC Markets DooPrime
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 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 4/5 Stars 4/5 Stars
Trust Score info 84 83
Winner check_circle
Review IC Markets Review
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