Written by ForexBrokers.com
In this head to head comparison of DooPrime vs Libertex (Forex Club), 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.
In the realm of online trading, DooPrime and Libertex (Forex Club) are two notable brokers with a strong regulatory presence. Founded in 2014, DooPrime swiftly established itself with a total of four Tier-1 licenses, signifying its highly trusted status in the industry. Despite not being publicly traded or a bank, DooPrime has earned a Trust Score of 83 out of 99 from ForexBrokers.com, placing it in the “trusted” category and reflecting a commitment to providing secure and reliable trading services.
On the other hand, founded in 1997, Libertex (Forex Club) has a longer history in the sector. It holds one Tier-1 license, indicating a reliable level of trust, though it has a slightly lower ForexBrokers.com Trust Score of 73. Like DooPrime, Libertex is neither publicly traded nor a bank, which indicates its focus remains solely on its forex trading services. With these credentials, traders can weigh their options based on the longevity and regulatory trust these brokers bring to the financial marketplace.
| Feature |
DooPrime
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2014 | 1997 |
| 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 | 0 |
When comparing the commissions and fees of online brokers DooPrime and Libertex (Forex Club), both receive equal ratings of 3 out of 5 stars. However, they differ slightly in their rankings by ForexBrokers.com. DooPrime is ranked 58th out of 62 brokers, indicating a slightly higher position than Libertex, which is ranked 61st. Unfortunately, average spread data for both brokers is unavailable, which limits a deeper analysis of their fee structures.
Despite sharing the same star rating, DooPrime holds a marginally better ranking in the Commissions and Fees category. This ranking might suggest more competitive fees relative to Libertex, but without specific commission details or spread data, potential investors should exercise caution and compare other key aspects when making their choice.
Ultimately, both brokers are similarly rated and ranked near the bottom of the list. Trader choice may come down to other factors, such as platform features or customer support, rather than specific commissions and fees structures alone. Before deciding, it's advisable to explore additional features offered by each broker to make a well-informed choice.
| Feature |
DooPrime
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $100 | $10 |
| 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 | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing DooPrime and Libertex (Forex Club) in terms of their investment offerings, DooPrime stands out with a significantly broader selection. DooPrime offers an impressive 10,000 tradeable symbols, including 60 forex pairs. It also provides access to exchange-traded securities on both U.S. and international exchanges, allowing clients to invest in companies like Apple and Vodafone. Libertex (Forex Club), while offering 300 tradeable symbols and 51 forex pairs, does not provide direct access to exchange-traded securities on either U.S. or international exchanges. Both platforms offer forex trading as CFDs or spot contracts and feature copy trading capabilities.
A notable difference between the two brokers is how they handle cryptocurrency investments. Neither DooPrime nor Libertex (Forex Club) allows clients to buy actual cryptocurrencies. However, Libertex offers cryptocurrency derivatives for those interested in exploring crypto markets indirectly. In ratings, DooPrime outshines with a 5-star rating for its range of investments, ranked 12th out of 62 brokers by ForexBrokers.com. In comparison, Libertex receives a 3.5-star rating and ranks 53rd in the same category. These distinctions make DooPrime an appealing choice for investors seeking a wider range of investment opportunities.
| Feature |
DooPrime
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 300 |
| Forex Pairs (Total) | 60 | 51 |
| 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 DooPrime and Libertex (Forex Club) in terms of trading platforms and tools, both brokers offer a wide range of features designed for traders of various experience levels. DooPrime stands out with a proprietary platform alongside popular options like MetaTrader 4 and MetaTrader 5, giving users a choice between in-house and established systems, whereas Libertex offers its proprietary platform plus MetaTrader 4 but not MetaTrader 5. Both brokers provide simulated trading through free virtual demo accounts, which can be valuable for beginners and seasoned traders alike wanting to test strategies. Each platform supports trading directly from stock charts and features web-based and Windows desktop versions, with the added benefit of copy trading capabilities.
In terms of charting, Libertex offers more drawing tools with 30 compared to DooPrime’s 15, though both track evenly with seven watch list columns and fields. Despite these similarities, DooPrime receives a slightly higher rank from ForexBrokers.com, placing 25th out of 62 brokers, compared to Libertex's 50th position. Both platforms are rated four out of five stars for their trading platforms and tools, indicating strong performance but also leaving room for improvement. Overall, both brokers present robust options for traders, though the choice may ultimately depend on specific features like the availability of MetaTrader 5 and individual preferences for charting tools.
| Feature |
DooPrime
|
Libertex (Forex Club)
|
|---|---|---|
| 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 | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 15 |
| Charting - Drawing Tools (Total) | 15 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
DooPrime and Libertex (Forex Club) both provide mobile trading apps for iPhone and Android users, making it easy for investors to trade on the go. Each app allows users to receive stock or forex price alerts and includes the ability to draw trendlines on charts. Both platforms offer the capability to view multiple time frames, such as daily, weekly, or intraday, using 30 technical studies for chart analysis. Users can also create a watchlist with real-time quotes, although there is a difference in how each app handles syncing and saving features. With DooPrime, drawings on charts are automatically saved, while Libertex lacks this feature. Moreover, Libertex ensures the watchlist symbols in the mobile app sync with the client's online account, a convenience not provided by DooPrime.
The performance and user satisfaction of these apps are similar, with both receiving a respectable four-star rating for their mobile solutions. However, DooPrime holds a higher position, ranked #24 out of 62 brokers by ForexBrokers.com, compared to Libertex, which is ranked at #48. This ranking highlights DooPrime as a slightly more favored option for mobile trading enthusiasts, especially those who value seamless charting capabilities and auto-saving features.
| Feature |
DooPrime
|
Libertex (Forex Club)
|
|---|---|---|
| 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 | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When choosing between online brokers for market research, DooPrime and Libertex (Forex Club) present distinct offerings. DooPrime stands out by providing daily market commentary and accessing forex news from top-tier sources like Bloomberg and Reuters, which ensures traders stay informed. While both brokers offer an economic calendar that displays significant global news, DooPrime goes a step further by including tools from Trading Central, enhancing technical analysis capabilities. In contrast, Libertex does not offer these advanced tools from Trading Central or daily market commentary, potentially limiting its research depth.
Neither DooPrime nor Libertex offers research tools from Autochartist or Acuity Trading, and both fall short by not including sentiment-based trading tools or TipRanks market research. In terms of ratings, DooPrime receives a higher research rating with four out of five stars, compared to Libertex's three stars. According to ForexBrokers.com, DooPrime ranks 29th out of 62 brokers in the Research category, showing a stronger grasp than Libertex, which ranks 60th. The differences in these features and rankings can guide traders in selecting a broker that aligns with their research needs.
| Feature |
DooPrime
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| 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 it comes to educational resources for beginners, both DooPrime and Libertex provide a solid foundation for learning about forex and CFDs. Both brokers offer at least ten educational pieces, such as articles and videos, focusing on these trading areas. While neither offers monthly webinars or a searchable archive of past webinars, DooPrime sets itself apart by catering specifically to beginners with at least 10 beginner-focused educational videos. In contrast, Libertex does not provide as many dedicated beginner resources but does offer advanced educational content comparable to DooPrime's offerings.
DooPrime and Libertex both fall short in providing an investor dictionary with definitions for numerous investing terms, which might be a consideration for those new to trading terminology. Despite this, DooPrime seems to edge out Libertex in educational quality, with a 4-star rating compared to Libertex's 3-star. This marginally higher rating is further echoed in their rankings on ForexBrokers.com, where DooPrime is positioned at #24 out of 62 brokers, while Libertex sits much lower at #57. These factors may influence beginners seeking comprehensive educational resources in making their choice between the two platforms.
| Feature |
DooPrime
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | Yes |
| 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 Libertex (Forex Club). DooPrime finished with an overall rank of #28, while Libertex (Forex Club) finished with an overall rank of #60.
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
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 73 |
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While both DooPrime and Libertex (Forex Club) do not allow the purchase of actual delivered cryptocurrencies, Libertex distinguishes itself by offering the ability to buy cryptocurrency derivatives, whereas DooPrime does not provide this option.
Both DooPrime and Libertex (Forex Club) provide options for PayPal, Skrill, and bank wire transfers for depositing or withdrawing account funds, with DooPrime additionally supporting Visa and Mastercard while lacking ACH or SEPA transfers, whereas Libertex (Forex Club) supports ACH and SEPA transfers but does not support Visa or Mastercard.
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 | Libertex (Forex Club) | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
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| Broker Screenshots | DooPrime | Libertex (Forex Club) | |
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| Regulation | DooPrime | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 83 | 73 | |
| Year Founded | 2014 | 1997 | |
| 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 | 0 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | Libertex (Forex Club) | |
|---|---|---|---|
| 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 | Libertex (Forex Club) | |
|---|---|---|---|
| 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 | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 300 | |
| Forex Pairs (Total) | 60 | 51 | |
| 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 | Libertex (Forex Club) | |
|---|---|---|---|
| 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 | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $100 | $10 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | DooPrime | Libertex (Forex Club) | |
|---|---|---|---|
| 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 | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | DooPrime | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 15 | |
| Charting - Drawing Tools (Total) | 15 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | DooPrime | Libertex (Forex Club) | |
|---|---|---|---|
| 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 | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | DooPrime | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | DooPrime | Libertex (Forex Club) | |
|---|---|---|---|
| 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 | Libertex (Forex Club) | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
| Review |
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