Written by ForexBrokers.com
In this head to head comparison of DooPrime vs iFOREX, 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 iFOREX are both reputable online brokers catering to diverse trading needs, yet they have distinct regulatory profiles. DooPrime, founded in 2014, boasts a strong regulatory standing with four Tier-1 licenses, which are considered highly trusted by ForexBrokers.com. This contributes to its respectable Trust Score rating of 83, categorizing it as a trusted broker. In contrast, iFOREX, established in 1996, holds one Tier-1 license and has a Trust Score rating of 75, suggesting an average risk profile according to ForexBrokers.com’s rating system.
Neither DooPrime nor iFOREX is publicly traded or operates as a bank. Each entity provides trading access and services without being listed on a stock exchange. While iFOREX has a longer history in the trading market, DooPrime's multiple Tier-1 licenses highlight its firm regulatory compliance and governance. These aspects should be considered when evaluating these brokers for their reliability and credibility in the competitive world of online trading.
| Feature |
DooPrime
|
iFOREX
|
|---|---|---|
| Year Founded | 2014 | 1996 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When comparing the commissions and fees of online brokers DooPrime and iFOREX, both brokers offer services that are fairly similar in this aspect. Neither DooPrime nor iFOREX provides average spread data, so direct comparisons of specific costs can be challenging. However, both brokers have been given a rating of 3 stars out of 5 for commissions and fees, indicating that their services are somewhat on par with each other but not the most economical in the market.
DooPrime and iFOREX are both placed on the lower end of the rank spectrum by ForexBrokers.com when considering their commissions and fees. DooPrime holds the 58th position out of 62 brokers, while iFOREX is slightly below at 60th. This ranking suggests that while they might not be the top choice for cost-conscious traders, they offer comparable pricing structures in the competitive online trading environment.
Ultimately, traders looking into these two brokers might not find significant differences in costs, which means other factors such as platform features, customer service, and trading tools may play a larger role in deciding which broker better fits one's trading needs.
| Feature |
DooPrime
|
iFOREX
|
|---|---|---|
| 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 | 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, DooPrime and iFOREX both offer forex trading through CFDs or spot contracts. However, DooPrime stands out by providing an impressive 10,000 tradable symbols, overshadowing iFOREX's selection of 750. In terms of forex pairs, iFOREX offers a slightly larger selection with 88 pairs available compared to DooPrime's 60. Yet, DooPrime distinguishes itself by allowing clients to purchase shares directly on U.S. and international exchanges, a feature not available with iFOREX. Additionally, DooPrime offers copy trading, enhancing its appeal to a diverse range of investors, whereas iFOREX lacks this feature.
While neither platform facilitates the purchase of actual cryptocurrencies, iFOREX allows trading in cryptocurrency derivatives, which DooPrime does not offer. From an overall perspective on investment variety and options, DooPrime achieves a commendable rating of 5 stars, ranking 12th out of 62 brokers, highlighting its extensive offerings. iFOREX, with a 3.5-star rating and a rank of 41st, provides a more limited selection. This comparison highlights DooPrime's broader range of investments, making it an attractive option for investors seeking more trading opportunities and versatility.
| Feature |
DooPrime
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 750 |
| Forex Pairs (Total) | 60 | 88 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | No |
| 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.
When comparing the trading platforms and tools of DooPrime and iFOREX, several differences stand out. DooPrime provides a comprehensive experience with its inclusion of a virtual demo account for simulated trading, which iFOREX lacks. Both brokers offer their own proprietary platforms, yet DooPrime enhances its offerings by including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which iFOREX does not support. In terms of platforms, DooPrime offers more versatility with a Windows-based desktop trading option, while iFOREX relies on a web-based platform, which both brokers provide.
For traders interested in social trading, DooPrime offers a copy trading feature, a service not available with iFOREX. Additionally, iFOREX surpasses DooPrime in the number of drawing tools available for charting, providing 25 compared to DooPrime's 15. Both brokers allow trading directly from a stock chart and offer detailed watch lists, with iFOREX offering slightly more customization options. Despite both receiving a four-star rating for their trading platforms and tools, DooPrime is ranked higher at #25 compared to iFOREX's #54 by ForexBrokers.com, indicating a broader recognition for its trading platform capabilities.
| Feature |
DooPrime
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 57 |
| Charting - Drawing Tools (Total) | 15 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When choosing between DooPrime and iFOREX for your mobile trading needs, both brokers provide apps for iPhone and Android users, ensuring accessibility across devices. However, the DooPrime mobile app stands out with features like stock and forex price alerts, the ability to draw trendlines, and the flexibility to view stocks or forex charts over multiple time frames such as daily, weekly, or intraday. Moreover, DooPrime users can benefit from auto-saving chart drawings and the convenience of creating watchlists with real-time quotes, which are not available in the iFOREX app.
Another advantage of the DooPrime app is the provision of 30 technical studies for charting, enhancing users' technical analysis capabilities. While both brokers receive a 4-star rating in mobile trading apps, ForexBrokers.com ranks DooPrime significantly higher at #24 compared to iFOREX's #55 out of 62 brokers. In summary, while both platforms offer mobile trading solutions, DooPrime provides more comprehensive features that might appeal to traders keen on more in-depth analysis and alert capabilities on the go.
| Feature |
DooPrime
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing market research offerings between DooPrime and iFOREX, both brokers provide daily market commentary, keeping traders informed with timely updates. However, DooPrime stands out by featuring forex news from prestigious sources like Bloomberg and Reuters, a service not available with iFOREX. Both brokers equip traders with tools from Trading Central for technical analysis, yet only iFOREX offers a sentiment-based trading tool that reveals the ratio of long or short positions across various instruments. Unfortunately, neither broker provides tools from Autochartist or Acuity Trading, nor do they offer insights from TipRanks.
For traders seeking economic awareness, both DooPrime and iFOREX offer detailed economic calendars, highlighting key global events. In terms of rankings and ratings, DooPrime takes the lead with a 4-star rating for research, securing the 29th spot among 62 brokers on ForexBrokers.com. On the other hand, iFOREX holds a slightly lower 3.5-star rating and ranks 48th. This distinction may influence traders prioritizing comprehensive market research in choosing between the two platforms.
| Feature |
DooPrime
|
iFOREX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| 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, DooPrime outshines iFOREX in several areas crucial for new traders. DooPrime provides access to over 10 educational pieces focused on forex and CFDs, including articles and videos, to help newcomers grasp the basics. Additionally, DooPrime offers more than 10 beginner-friendly educational videos that cover essential trading topics, making it a more comprehensive choice for those just starting. Although neither platform offers monthly webinars or archives of past webinars, DooPrime stands out with its collection of advanced educational videos tailored for experienced traders.
While iFOREX also supplies over 10 educational videos specifically designed for beginners, it lacks the same depth of forex or CFD-focused materials as seen with DooPrime. Moreover, iFOREX’s offering does not include advanced educational videos, which might limit growth opportunities for more seasoned traders. Both platforms could improve by introducing an investor dictionary or searchable webinar archives, but DooPrime’s overall better rating of 4 stars compared to iFOREX’s 3.5 stars, along with a higher ranking in the Education category, suggests a more supportive learning environment for beginners.
| Feature |
DooPrime
|
iFOREX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | No |
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 iFOREX. DooPrime finished with an overall rank of #28, while iFOREX finished with an overall rank of #52.
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
|
iFOREX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 75 |
| Range of Investments |
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While both DooPrime and iFOREX do not offer the option to purchase actual, delivered cryptocurrencies, only iFOREX provides the ability to invest in cryptocurrency derivatives, offering additional trading opportunities compared to DooPrime.
Both DooPrime and iFOREX do not offer ACH or SEPA transfers for deposits or withdrawals, but they support PayPal, Skrill, Visa or Mastercard, and bank wires as options for managing account funds.
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 | iFOREX | |
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| Trust Score | 83 | 75 | |
| Winner | check_circle | ||
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| Broker Screenshots | DooPrime | iFOREX | |
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| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | DooPrime | iFOREX | |
|---|---|---|---|
| Trust Score | 83 | 75 | |
| Year Founded | 2014 | 1996 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 750 | |
| Forex Pairs (Total) | 60 | 88 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | iFOREX | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | DooPrime | iFOREX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | DooPrime | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 30 | 57 | |
| Charting - Drawing Tools (Total) | 15 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | DooPrime | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | DooPrime | iFOREX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | iFOREX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | DooPrime | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
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| Trust Score | 83 | 75 | |
| Winner | check_circle | ||
| Review |
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