Written by ForexBrokers.com
In this head to head comparison of DooPrime vs IFC Markets, 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 online brokers DooPrime and IFC Markets, it's important to consider their regulatory standings and trust ratings. Founded in 2014, DooPrime holds four Tier-1 licenses, earning it a Trust Score of 83 from ForexBrokers.com, categorizing it as a trusted option. In contrast, IFC Markets, established in 2006, holds no Tier-1 licenses and has a Trust Score of 73, placing it at an average risk level according to the same rating agency.
Neither DooPrime nor IFC Markets are publicly traded or operate as banks. While DooPrime possesses no Tier-2 licenses, IFC Markets holds one, adding a minor level of additional trustworthiness. These regulatory differences are important considerations for potential investors looking for a balance between trust and risk in their choice of online broker.
| Feature |
DooPrime
|
IFC Markets
|
|---|---|---|
| Year Founded | 2014 | 2006 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 0 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When comparing online brokers DooPrime and IFC Markets in terms of their commissions and fees, there are notable differences to consider. DooPrime has been rated 3 out of 5 stars for its commission and fee structure. This indicates a moderate level of satisfaction among users, but it's worth noting that specific spread data is not available, which might limit a full assessment. ForexBrokers.com ranks DooPrime at #58 out of 62 brokers in the Commissions and Fees category, suggesting there is room for improvement in this area.
On the other hand, IFC Markets offers a more competitive option, achieving a 4 out of 5-star rating for its commissions and fees. This higher score reflects a generally favorable reception from users regarding cost-effectiveness. Like DooPrime, there is no available average spread data, which means full analysis is somewhat constrained. Despite this, IFC Markets holds a better position, ranking #39 out of 62 brokers in the same category according to ForexBrokers.com, indicating a stronger overall performance in managing costs for traders.
In summary, while both DooPrime and IFC Markets do not provide average spread data, IFC Markets stands out with a higher rating and ranking for commissions and fees. Clients seeking a broker with better cost metrics may find IFC Markets to be the more attractive option between the two. Consideration of these factors can help potential users make more informed choices based on their trading cost preferences.
| Feature |
DooPrime
|
IFC Markets
|
|---|---|---|
| Minimum Deposit | $100 | $1 |
| Average Spread EUR/USD - Standard | N/A | 1.44 |
| 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 | No |
| 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 through DooPrime and IFC Markets, there are several factors to consider. DooPrime impressively offers 10,000 tradeable symbols, significantly outnumbering IFC Markets' 630. In the forex trading sphere, both brokers offer trading as CFDs or spot contracts. However, DooPrime provides access to 60 forex pairs while IFC Markets offers 49. An important distinction between the two brokers is that DooPrime allows clients to invest in U.S. exchange traded securities like Apple shares, whereas IFC Markets does not offer this option.
For international exchanges, both platforms permit the trading of securities such as Vodafone shares. Additionally, both brokers support copy trading as a feature. While DooPrime does not delve into cryptocurrency derivatives, IFC Markets provides this trading option. Rated on their range of investments, DooPrime achieves a full five stars, while IFC Markets garners 3.5 stars. According to ForexBrokers.com, DooPrime ranks 12th out of 62 brokers for range of investments, whereas IFC Markets holds the 43rd spot. This establishes DooPrime as a more versatile option for investors seeking a broader spectrum of trading opportunities.
| Feature |
DooPrime
|
IFC Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 630 |
| Forex Pairs (Total) | 60 | 49 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| 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 DooPrime and IFC Markets on their trading platforms and tools, both brokers shine in offering comprehensive features to support traders. They each have free virtual demo accounts, giving users the chance to practice their strategies in a risk-free environment. Both brokers have developed their own proprietary platforms, catering to various trading styles and preferences. For desktop enthusiasts, they provide Windows-based download platforms, along with web-based options for those who prefer trading via browsers. Whether you lean towards MetaTrader 4 or MetaTrader 5, both platforms are available through DooPrime and IFC Markets, ensuring a well-rounded trading experience. Additionally, they each support copy trading, and have 15 charting drawing tools, while offering trading directly from stock charts.
In terms of watch list flexibility, DooPrime and IFC Markets both extend up to seven columns for fields, allowing traders to customize their views to better monitor market movements. Despite neither supporting DupliTrade or ZuluTrade, they deliver competitive charting and analysis tools to help with informed decision-making. Rated four out of five stars by ForexBrokers.com for their trading platforms and tools, DooPrime ranks 25th while IFC Markets stands at 36th out of 62 brokers. This ranking indicates DooPrime's slight edge over IFC Markets, yet both remain reliable choices for traders looking for solid platform functionality.
| Feature |
DooPrime
|
IFC Markets
|
|---|---|---|
| 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 | 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 IFC Markets provide mobile trading apps compatible with iPhone and Android devices, ensuring a broad access for traders on the go. Both platforms allow users to receive stock or forex price alerts and enable technical enthusiasts to apply up to 30 technical studies for in-depth chart analysis. In addition, both apps support drawing trendlines on charts and viewing multiple time frames such as daily, weekly, or intraday, with the convenience of auto-saving chart drawings.
Despite these similarities, a key difference lies in the syncing capabilities of watchlists. While IFC Markets allows for watchlist symbol syncing across different locations, enabling seamless transitions between mobile and online account setups, DooPrime does not offer this feature. Both brokers received a commendable rating of four stars for their mobile trading apps. However, when it comes to industry ranking, DooPrime stands out, securing the 25th spot compared to IFC Markets' 52nd ranking according to ForexBrokers.com out of 62 brokers evaluated.
| Feature |
DooPrime
|
IFC Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| 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 DooPrime and IFC Markets deliver daily market commentary and provide their users with an economic calendar showcasing current and anticipated global news events. However, when it comes to forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, DooPrime stands out with access to these, whereas IFC Markets does not offer such features. Additionally, DooPrime gives traders the advantage of using tools from Trading Central, enhancing their technical analysis capabilities, a feature absent in IFC Markets' offerings. On the other hand, IFC Markets provides a sentiment-based trading tool that highlights the ratio of long or short positions across various instruments, which DooPrime does not.
Neither broker integrates Autochartist, TipRanks, or Acuity Trading tools into their platforms. When it comes to research ratings, DooPrime is slightly ahead, earning 4 out of 5 stars, compared to IFC Markets' 3.5 stars. In terms of their research rankings amongst 62 brokers, DooPrime holds the 29th position according to ForexBrokers.com, outperforming IFC Markets, which is ranked at number 40. This indicates that while both brokers offer substantial research capabilities, DooPrime may provide a more comprehensive experience for traders seeking detailed market insights.
| Feature |
DooPrime
|
IFC Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| 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 comparing the educational resources available for beginners through online brokers DooPrime and IFC Markets, both succeed in offering a foundational range of at least 10 educational articles, videos, or webinars with a focus on forex and CFDs. This initial offering can serve as a helpful starting point for novice traders. Additionally, both brokers provide at least 10 beginner-focused videos, ideal for those taking their first steps into trading. However, neither broker provides monthly online educational webinars or archives of past webinars, which limits ongoing interactive learning opportunities.
DooPrime and IFC Markets both cater to more advanced users with 10 or more educational videos that delve into complex trading topics. Yet, when it comes to offering a comprehensive investor dictionary, only IFC Markets provides this valuable resource, featuring definitions of over 50 investing terms. In terms of ratings, DooPrime receives a slightly higher educational score of 4 out of 5 stars, compared to IFC Markets' 3.5 stars. According to rankings from ForexBrokers.com, DooPrime also outpaces IFC Markets, standing at 25th place out of 62 brokers, while IFC Markets ranks 30th.
| Feature |
DooPrime
|
IFC Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| 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 IFC Markets. DooPrime finished with an overall rank of #28, while IFC Markets finished with an overall rank of #45.
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
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IFC Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 73 |
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While both DooPrime and IFC Markets do not provide the option to buy actual delivered cryptocurrencies, IFC Markets distinguishes itself by offering the ability to trade cryptocurrency derivatives, unlike DooPrime.
When comparing online brokers DooPrime and IFC Markets, both lack ACH and SEPA transfer options but support bank wires and Visa or Mastercard transactions, with DooPrime also offering PayPal and Skrill for greater flexibility, unlike IFC Markets.
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 | IFC Markets | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
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| Broker Screenshots | DooPrime | IFC Markets | |
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| Regulation | DooPrime | IFC Markets | |
|---|---|---|---|
| Trust Score | 83 | 73 | |
| Year Founded | 2014 | 2006 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 4 | 0 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | IFC Markets | |
|---|---|---|---|
| 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 | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | DooPrime | IFC Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | DooPrime | IFC Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 630 | |
| Forex Pairs (Total) | 60 | 49 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| 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 | IFC Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.44 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | IFC Markets | |
|---|---|---|---|
| Minimum Deposit | $100 | $1 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | DooPrime | IFC Markets | |
|---|---|---|---|
| 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 | IFC Markets | |
|---|---|---|---|
| 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 | IFC Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| 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 | IFC Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | IFC Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | DooPrime | IFC Markets | |
|---|---|---|---|
| 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 | |
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| Overall | DooPrime | IFC Markets | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
| Review |
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