Written by ForexBrokers.com
In this head to head comparison of DooPrime vs LegacyFX, 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.
Founded in 2014, DooPrime has established itself as a reliable choice among online brokers, holding four Tier-1 licenses, which indicates a high level of trustworthiness according to ForexBrokers.com. Despite not being publicly traded or a bank, DooPrime has managed to secure a Trust Score of 83, placing it in the trusted category of brokers. This score reflects its endeavor to provide a trustworthy trading environment for its clients.
LegacyFX, established in 2012, holds one Tier-1 license, signaling a level of trust but comparatively less than that of DooPrime. Like DooPrime, LegacyFX is not listed on a stock exchange and is not a banking institution. With a ForexBrokers.com Trust Score of 67, LegacyFX falls into the high-risk category, which suggests that potential clients might need to exercise additional caution when considering its services.
| Feature |
DooPrime
|
LegacyFX
|
|---|---|---|
| Year Founded | 2014 | 2012 |
| 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 it comes to commissions and fees, DooPrime and LegacyFX offer different structures that cater to various types of traders. DooPrime, rated 3 out of 5 stars, ranks #58 out of 62 brokers according to ForexBrokers.com in the Commissions and Fees category. Unfortunately, specific details about its average spread data are not publicly available, making it harder to evaluate its precise trading costs.
On the other hand, LegacyFX, which has a slightly higher rating of 3.5 stars and ranks #56, provides diverse account types based on your region of residency. For EU residents, LegacyFX offers Silver, Gold, and Platinum accounts with minimum deposits of $500, $5,000, and $25,000, respectively. The spreads are more favorable with the Platinum account and increase as you move to the Gold and Silver accounts, with the Silver account featuring spreads starting at 1.6 pips on pairs like EUR/USD.
For international clients, LegacyFX provides a broader range of seven account types, from Standard with a $500 minimum deposit to VIP with a $50,000 minimum. This tiered system not only impacts trading spreads and costs but also dictates the level of customer support and access to trading tools you receive. Despite the myriad of options, average spreads for LegacyFX’s accounts remain undisclosed, which can make it challenging to gauge the true cost of trading.
| Feature |
DooPrime
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $100 | $500 |
| 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 | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| 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 evaluating online brokers DooPrime and LegacyFX based on their range of investments, DooPrime stands out with a significantly broader selection. DooPrime offers an impressive 10,000 tradeable symbols and 60 forex pairs, whereas LegacyFX provides 425 tradeable symbols and 44 forex pairs. Both brokers offer forex trading through CFDs or spot contracts, however, DooPrime sets itself apart by allowing clients to invest in exchange-traded securities on both U.S. and international exchanges. LegacyFX does not offer the ability to trade these securities. Additionally, both brokers provide copy trading, but LegacyFX has an edge in the cryptocurrency domain by offering cryptocurrency derivatives, an option not available with DooPrime.
In terms of ratings, DooPrime earns 5 stars for its range of investments, while LegacyFX receives 3.5 stars. These ratings are reflected in their rankings by ForexBrokers.com, where DooPrime is positioned at number 12 out of 62 brokers for this category, showcasing a strong performance. On the other hand, LegacyFX ranks at number 48, indicating a more limited investment offering in comparison. Overall, DooPrime provides a more extensive range of investment opportunities, making it a preferable choice for those seeking diverse options.
| Feature |
DooPrime
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 425 |
| Forex Pairs (Total) | 60 | 44 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| 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). | 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 offered by DooPrime and LegacyFX, both brokers provide essential features to facilitate trading, such as simulated trading with free virtual demo accounts and web-based platforms. Notably, DooPrime stands out by offering a proprietary platform developed in-house, while LegacyFX does not. Both brokers cater to traders who prefer Windows-based desktop download platforms, and they also support MetaTrader 5, a popular choice among traders. However, DooPrime also offers MetaTrader 4, which LegacyFX does not, making DooPrime more versatile for traders seeking this specific platform.
DooPrime and LegacyFX both offer the capability to trade directly from stock charts, with each providing 15 drawing tools for thorough chart analysis. Additionally, watch lists come with 7 columns for both brokers, ensuring detailed market tracking. Despite these similarities, DooPrime has a slight edge with a higher rating of 4 stars for its trading platforms and tools, compared to LegacyFX's 3.5 stars. This is reflected in DooPrime's superior rank (#25) against LegacyFX's (#59) in the Trading Platforms and Tools category according to ForexBrokers.com, indicating a stronger offering from DooPrime in this area.
| Feature |
DooPrime
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | No |
| 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.
For traders seeking robust mobile trading experiences, both DooPrime and LegacyFX offer feature-rich apps available on iPhone and Android devices. Both platforms provide the ability to set stock or forex price alerts and enable users to draw trendlines on charts while supporting multiple time-frame views such as daily, weekly, or intraday. Additionally, they offer real-time quote watchlists, though neither allows watchlist symbol syncing between the mobile app and online account. When it comes to charting features, both DooPrime and LegacyFX offer 30 technical studies and support for auto-saving chart drawings.
While both apps deliver essential features, DooPrime edges ahead with a slightly higher rating of 4 stars compared to LegacyFX's 3.5 stars. This difference is reflected in their rankings on ForexBrokers.com, with DooPrime positioned at number 24 out of 62 brokers and LegacyFX at number 60. Therefore, DooPrime presents a more favorable option for traders prioritizing mobile trading performance and ease of use. Nonetheless, both apps are well-equipped to meet the basic trading needs of forex and stock market enthusiasts.
| Feature |
DooPrime
|
LegacyFX
|
|---|---|---|
| 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.
When comparing market research offerings between DooPrime and LegacyFX, both platforms provide daily market commentary and forex news from top-tier sources such as Bloomberg and Reuters. However, they differ in their partnerships with well-known analysis tools. DooPrime integrates technical analysis features from Trading Central, while LegacyFX offers resources from Autochartist. Neither broker provides sentiment-based trading tools nor utilizes TipRanks or Acuity Trading for market research. Additionally, both DooPrime and LegacyFX include a comprehensive economic calendar to keep traders informed of global economic events.
In terms of accolades, DooPrime receives a slight edge with a 4-star research rating compared to LegacyFX's 3.5-star score. Moreover, DooPrime is ranked 29th out of 62 brokers by ForexBrokers.com for research, while LegacyFX is positioned at 45th. This positioning indicates that while both brokers offer valuable research tools, DooPrime might appeal more to traders prioritizing comprehensive technical analysis capabilities from Trading Central.
| Feature |
DooPrime
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing DooPrime and LegacyFX, both brokers provide a substantial amount of educational content for beginners interested in forex or CFDs, each offering at least ten educational pieces such as articles, videos, or webinars. Both platforms support beginner and advanced learning with over ten trading topic videos tailored to various skill levels. However, LegacyFX distinguishes itself by providing online educational webinars monthly and maintains a searchable archive of previously recorded sessions—something that DooPrime currently lacks.
Additionally, LegacyFX provides an investor dictionary with definitions for over fifty investing terms, whereas DooPrime does not. Despite these differences, DooPrime holds a slightly higher overall education rating with four stars compared to LegacyFX's 3.5 stars. Furthermore, according to ForexBrokers.com, DooPrime ranks #24 in the Education category out of 62 brokers, while LegacyFX ranks at #35. This indicates that while both brokers offer valuable educational resources, DooPrime might have a slight edge in terms of the breadth and effectiveness of its educational offerings. However, LegacyFX's additional features, like webinars and an investor dictionary, could be appealing to those who value diverse learning tools.
| Feature |
DooPrime
|
LegacyFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | Yes |
| 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 LegacyFX. DooPrime finished with an overall rank of #28, while LegacyFX finished with an overall rank of #62.
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
|
LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 67 |
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While both DooPrime and LegacyFX do not offer the ability to purchase actual delivered cryptocurrencies, LegacyFX provides an option to buy cryptocurrency derivatives, unlike DooPrime which does not.
Both DooPrime and LegacyFX offer Skrill, Visa, Mastercard, and bank wire options for depositing or withdrawing funds, but only DooPrime supports PayPal, while neither provides ACH or SEPA transfers.
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 | LegacyFX | |
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| Trust Score | 83 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
| Broker Screenshots | DooPrime | LegacyFX | |
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| Regulation | DooPrime | LegacyFX | |
|---|---|---|---|
| Trust Score | 83 | 67 | |
| Year Founded | 2014 | 2012 | |
| 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 | LegacyFX | |
|---|---|---|---|
| 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 | Yes |
| Tier-2 Licenses (Trusted) | DooPrime | LegacyFX | |
|---|---|---|---|
| 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 | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 425 | |
| Forex Pairs (Total) | 60 | 44 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| 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). | 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 | LegacyFX | |
|---|---|---|---|
| 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 | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $100 | $500 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| 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 | LegacyFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | DooPrime | LegacyFX | |
|---|---|---|---|
| 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 | LegacyFX | |
|---|---|---|---|
| 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 | DooPrime | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | LegacyFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | DooPrime | LegacyFX | |
|---|---|---|---|
| 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 | LegacyFX Review |
| Overall | DooPrime | LegacyFX | |
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| Trust Score | 83 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
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