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 comparing the mobile trading apps of DooPrime and iFOREX, both brokers offer apps for iPhone and Android users, providing accessibility on various devices. However, DooPrime leads with its robust offering of features. It supports stock and forex price alerts, which are not available with iFOREX. Additionally, DooPrime excels with 30 technical studies available for charting, along with powerful tools for traders such as the ability to draw trendlines and view multiple time frames on charts. This app also ensures that all drawings are automatically saved, enhancing the user experience.
iFOREX, though offering trading essentials, falls short in comparison. Its app lacks several advanced functionalities such as trendline drawing, multi-time frame viewing, and automatic drawing saves, which could be pivotal for seasoned traders. While both broker's apps are rated 4 stars for mobile trading, DooPrime stands out with its ranking at #25 by ForexBrokers.com, far ahead of iFOREX's rank at #55. Traders seeking more comprehensive charting features and alert capabilities might find DooPrime's mobile app to be a more fitting choice.
| 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 from the online brokers DooPrime and iFOREX, both platforms offer valuable information, but they differ in breadth and depth. DooPrime shines by providing over 10 educational pieces specifically focused on forex and CFD topics, making it a useful source of foundational knowledge for traders. It also provides over 10 beginner and advanced trading videos, ensuring that both novice and more experienced traders can find content that suits their learning level. However, DooPrime does not offer monthly webinars or a searchable archive of past webinars, and it lacks an investor dictionary, which might be a drawback for those who prefer live interactions and comprehensive glossaries.
On the other hand, iFOREX offers over 10 beginner educational videos, making it a useful starting point for new traders looking to get their feet wet in the trading world. Unfortunately, it lacks an extensive collection of advanced videos and does not offer a forex or CFDs education section with a minimum of 10 pieces. Like DooPrime, iFOREX does not provide monthly webinars, a webinar archive, or an investor dictionary. Overall, while both brokers provide some quality beginner content, DooPrime has a more extensive range of educational resources, reflected in its higher rating of 4 stars compared to iFOREX’s 3.5 stars, and its superior ranking at #25 against iFOREX’s #53 in the Education category by ForexBrokers.com.
| 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 |
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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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