Written by ForexBrokers.com
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.
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.
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
|
DooPrime
|
|---|---|---|
| Year Founded | 2007 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 4 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 3 |
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
|
DooPrime
|
|---|---|---|
| Minimum Deposit | $200 | $100 |
| Average Spread EUR/USD - Standard | 0.62 | N/A |
| All-in Cost EUR/USD - Active | 0.62 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| 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 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
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3583 | 10000 |
| Forex Pairs (Total) | 61 | 60 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | 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 it comes to trading platforms and tools, IC Markets and DooPrime both offer appealing choices for traders. Both brokers provide free virtual demo accounts, allowing users to practice trading without financial risk. While IC Markets relies on well-known platforms like MetaTrader 4 and MetaTrader 5, DooPrime goes a step further by offering its own proprietary platform. Both brokers support Windows-based desktop downloads and web-based trading, promising flexibility and ease of access for their clients. Copy trading is available through both platforms, making it easy for investors to follow and mimic successful trades. However, IC Markets holds the advantage with access to ZuluTrade, a well-regarded third-party platform, which is absent from DooPrime's offerings.
Traders using either IC Markets or DooPrime can access 15 drawing tools for detailed chart analysis and can execute trades directly from stock charts. Their watch lists can track numerous factors with up to seven columns. While both brokers receive a strong rating of four stars for their trading platforms and tools, IC Markets ranks slightly higher at #17 compared to DooPrime's #25 position on ForexBrokers.com among 62 brokers. This suggests a somewhat stronger offering for IC Markets, although both platforms cater well to traders' needs with comprehensive tools and features.
| Feature |
IC Markets
|
DooPrime
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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 | Yes | No |
| 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.
IC Markets and DooPrime both offer comprehensive mobile trading apps for iPhone and Android users, making it easy to trade on the go. Both platforms provide essential features such as stock and forex price alerts and the ability to manage watchlists with real-time quotes, although neither app allows for watchlist symbol syncing with their respective online accounts. Charting capabilities are strong on both apps, with each offering 30 technical studies, trendline drawing tools, multiple time frame views, and auto-saving of chart drawings. Whether you're tracking daily or weekly market trends, both apps deliver the tools needed to stay informed.
In terms of ratings, both IC Markets and DooPrime mobile apps receive a solid four-star rating, reflecting user satisfaction and reliability. Despite this, IC Markets holds a slight competitive edge, ranking 22nd out of 62 brokers in the Mobile Trading Apps category on ForexBrokers.com, while DooPrime follows closely at 24th. Whether you choose IC Markets or DooPrime, their mobile trading apps are suited for traders who require versatile and reliable solutions while managing their investments on the move.
| Feature |
IC Markets
|
DooPrime
|
|---|---|---|
| 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.
Both IC Markets and DooPrime provide comprehensive market research features, including daily market commentary and access to forex news from leading sources like Bloomberg and Reuters. However, when it comes to specific analytical tools, IC Markets takes the lead. It offers Autochartist’s technical and fundamental tools, which are not available with DooPrime. Both brokers do include Trading Central's resources, providing users with varied trading analytics, but IC Markets also stands out with a sentiment-based trading tool. In contrast, neither broker integrates TipRanks or Acuity Trading into their research suite.
Both platforms furnish economic calendars that track global economic events, enhancing traders' ability to stay informed and adapt their strategies accordingly. Although both are rated four stars for their research offerings, IC Markets is ranked slightly higher at #22 compared to DooPrime, which holds the #29 spot among 62 brokers, according to ForexBrokers.com. This ranking reflects their relative emphasis and strength in providing research tools and resources to aid traders in making informed decisions.
| Feature |
IC Markets
|
DooPrime
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | 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 it comes to educational resources for beginner traders, both IC Markets and DooPrime offer a collection of more than 10 learning materials, which include articles, videos, and archived webinars focusing on forex and CFDs. IC Markets stands out by providing live monthly webinars to support ongoing learning, a resource that DooPrime lacks. Furthermore, IC Markets hosts a searchable archive of past webinars, giving traders the convenience to revisit these sessions at any time, a feature which is not available with DooPrime.
Both IC Markets and DooPrime equip beginners with over 10 introductory educational videos to help them understand trading basics, in addition to more advanced content for seasoned traders. However, IC Markets further enhances its educational offerings with a comprehensive investor dictionary containing definitions of over 50 investing terms, something DooPrime does not provide. This array of resources places IC Markets at #16 in the education category among 62 brokers, compared to DooPrime's #24 ranking, even though both share a 4-star rating for education.
| Feature |
IC Markets
|
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 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
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DooPrime
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 83 |
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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.
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.
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 | IC Markets | DooPrime | |
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| Trust Score | 84 | 83 | |
| Winner | check_circle | ||
| Review | IC Markets Review |
| Broker Screenshots | IC Markets | DooPrime | |
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| Regulation | IC Markets | DooPrime | |
|---|---|---|---|
| Trust Score | 84 | 83 | |
| Year Founded | 2007 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 4 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 3 |
| Tier-1 Licenses (Highly Trusted) | IC Markets | DooPrime | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | IC Markets | DooPrime | |
|---|---|---|---|
| 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 | IC Markets | DooPrime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3583 | 10000 | |
| Forex Pairs (Total) | 61 | 60 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | 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 | IC Markets | DooPrime | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.62 | N/A | |
| All-in Cost EUR/USD - Active | 0.62 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | IC Markets | DooPrime | |
|---|---|---|---|
| Minimum Deposit | $200 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| 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 | IC Markets | DooPrime | |
|---|---|---|---|
| Proprietary Platform | No | 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | IC Markets | DooPrime | |
|---|---|---|---|
| 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 | IC Markets | DooPrime | |
|---|---|---|---|
| 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 | IC Markets | DooPrime | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | IC Markets | 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 | IC Markets | 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 | IC Markets Review |
| Overall | IC Markets | DooPrime | |
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| Trust Score | 84 | 83 | |
| Winner | check_circle | ||
| Review | IC Markets Review |
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