Written by ForexBrokers.com
In this head to head comparison of OANDA vs DooPrime, 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.
OANDA and DooPrime, both established online brokers, exhibit different levels of trustworthiness as per ForexBrokers.com ratings. Founded in 1996, OANDA holds a notable Trust Score of 93 out of 99, indicating a high level of trust. This is supported by its possession of seven Tier-1 licenses, the most prestigious type of regulatory approval. On the other hand, DooPrime, established in 2014, has a Trust Score of 83, reflecting a solid level of trust but slightly lower than that of OANDA. DooPrime holds four Tier-1 licenses, which still indicate strong regulatory compliance, yet not as extensive as OANDA's.
Neither OANDA nor DooPrime are publicly traded entities, nor are they banks, keeping their structures more straightforward for potential investors. However, their reliability in terms of regulatory approval underlines their commitment to compliance and security for customers. With both brokerages sharing no Tier-2 licenses, prospective clients might view the breadth of Tier-1 licenses as a key differentiator. OANDA's longer market presence and higher Trust Score might appeal to those prioritizing an extensive regulatory framework, while DooPrime presents a robust trusted option with solid credentials.
| Feature |
OANDA
|
DooPrime
|
|---|---|---|
| Year Founded | 1996 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 4 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
OANDA and DooPrime differ significantly in their approach to commissions and fees, catering to various needs of traders. OANDA's forex trading costs tend to be on the higher side, with spreads (the fees clients pay to trade) that compete closely with platforms like FOREX.com and FxPro. The minimum spread cost at OANDA can be higher compared to brokers advertising sub-pip spreads. In July 2024, the average spread for OANDA's non-core pricing on the EUR/USD pair was 1.61 pips. However, OANDA offers a core pricing scheme with reduced spreads that include a per-side commission, resulting in an overall slightly lower cost compared to their commission-free pricing. For example, with core pricing, a EUR/USD trade might incur costs as low as 1.4 pips when considering both spread and commission.
OANDA distinguishes itself by offering flexibility in contract sizes and an attractive Elite Trader program. Traders can execute trades as small as one unit or 0.001 micro lot, allowing for more precise trading strategies. Additionally, OANDA rewards active traders with rebates for high-volume trading, which can increase cost efficiency over time. Moreover, OANDA emphasizes pricing transparency, frequently updating its average spread data, although it lacks fixed-term average spread data for more accurate comparisons. Despite these features, OANDA receives a 4-star rating for commissions and fees and is ranked 34th out of 62 brokers by ForexBrokers.com.
On the other hand, DooPrime's commission and fee structure is less detailed, with average spread data unavailable for comparison, resulting in a slightly lower ranking. DooPrime's overall effectiveness is reflected in its 3-star rating in commissions and fees, placing it at the 58th position out of 62 brokers in this category. While DooPrime might not provide the same level of transparency and detailed information regarding its commissions and fees, it may still cater to traders seeking straightforward options without the additional frills offered by platforms like OANDA.
| Feature |
OANDA
|
DooPrime
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.61 | N/A |
| All-in Cost EUR/USD - Active | 1.61 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | 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 it comes to the available range of investments, OANDA and DooPrime cater to traders with different needs and preferences. Both platforms allow users to trade forex either as CFDs or spot contracts. OANDA offers 3,928 tradeable symbols and 68 forex pairs, whereas DooPrime provides a more extensive selection with 10,000 tradeable symbols and 60 forex pairs. For those interested in exchange-traded securities, DooPrime offers clients the ability to purchase shares on U.S. and international exchanges, which OANDA does not provide. Moreover, both brokers support copy trading, appealing to those who prefer to replicate the trades of successful investors. OANDA stands out by allowing users to buy actual cryptocurrencies, while DooPrime focuses more on CFDs and does not offer delivered cryptocurrency options.
When evaluated for the range of investments, OANDA earns a respectable 4-star rating, securing the 27th position out of 62 brokers on ForexBrokers.com. DooPrime, on the other hand, receives a higher 5-star rating, placing 12th in the same ranking. This indicates a broader selection of investment options provided by DooPrime compared to OANDA, making it a potentially more attractive choice for investors seeking a wide array of tradable assets and direct stock purchases. However, traders who are interested in trading actual cryptocurrencies may find OANDA's offerings more aligned with their interests. Each platform presents distinct advantages, and choosing between them largely depends on individual investment goals and preferences.
| Feature |
OANDA
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3928 | 10000 |
| Forex Pairs (Total) | 68 | 60 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | Yes | No |
| 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.
Both OANDA and DooPrime provide a comprehensive suite of trading platforms and tools, making them strong choices for online trading. They each offer proprietary platforms developed in-house, ensuring a tailored trading environment. For those who prefer using MetaTrader, both brokers support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), along with web-based and Windows-based desktop platforms. Traders seeking to test strategies without financial risk can take advantage of the free virtual demo accounts offered by both brokers. In addition, they both facilitate copy trading, enabling investors to follow and replicate successful trading strategies from other traders.
When it comes to charting capabilities, OANDA stands out with a significantly larger selection of drawing tools, offering 431 compared to DooPrime's 15. Both brokers allow trading directly from stock charts for added convenience. For watch lists, DooPrime edges slightly ahead with 7 columns available, compared to OANDA's 6. Despite these differences in features, both OANDA and DooPrime earn 4-star ratings for their trading platforms and tools, indicating solid performance. According to ForexBrokers.com, OANDA holds a higher rank at #15 out of 62 brokers, while DooPrime comes in at #25, reflecting a generally positive reception within the trading community.
| Feature |
OANDA
|
DooPrime
|
|---|---|---|
| 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) | 81 | 30 |
| Charting - Drawing Tools (Total) | 431 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both OANDA and DooPrime offer strong mobile trading apps for iPhone and Android users, catering to the needs of forex and stock traders on the go. With real-time price alerts, the ability to draw trendlines, and view multiple time frames, these apps provide powerful charting tools for traders. Each offers 30 technical studies for in-depth analysis and the convenience of auto-saving chart drawings, ensuring seamless user experience without the need for constant adjustments. Additionally, both platforms allow for real-time watchlist creation, making it easy to keep track of preferred symbols. However, neither OANDA nor DooPrime offers watchlist symbol syncing between the mobile app and the online account, meaning changes must be manually replicated in both locations.
When it comes to user ratings, OANDA outshines DooPrime with a stellar five-star rating for its mobile trading app, compared to DooPrime’s four-star rating. In a broader ranking by ForexBrokers.com, OANDA also comes ahead, positioned at #7 out of 62 brokers for mobile trading apps, while DooPrime trails behind at #25. These distinctions highlight OANDA as a more popular choice among traders looking for top-notch mobile trading experiences, although both apps offer comparable features for market analysis and trading execution.
| Feature |
OANDA
|
DooPrime
|
|---|---|---|
| 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 the market research capabilities of OANDA and DooPrime, traders looking for daily insights will find that both brokers provide regular market commentary. Both platforms keep clients informed with forex news from well-known sources such as Bloomberg and Reuters. However, where they differ is in the type of analytical tools they offer. OANDA provides tools from Autochartist and a sentiment-based trading tool that indicates the ratio of long or short positions across currency pairs, which can be invaluable for traders looking to align their strategies. On the other hand, DooPrime lacks Autochartist but compensates with tools from Trading Central, which includes various technical analytics to aid decision-making.
Both OANDA and DooPrime offer economic calendars that highlight global news events, helping traders keep track of upcoming economic changes. However, neither broker provides research tools from TipRanks or Acuity Trading. In terms of research ratings, OANDA stands out with a perfect 5-star rating and holds a high rank of #5 among 62 brokers on ForexBrokers.com. Meanwhile, DooPrime, though equipped with its own set of tools, scores a solid 4-star rating and is ranked #29. This comparison showcases OANDA's edge in market research offerings, particularly for traders who prioritize a diverse set of analytical tools.
| Feature |
OANDA
|
DooPrime
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| 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 to beginners from OANDA and DooPrime, both brokers provide a variety of materials. OANDA excels in offering an impressive suite of educational tools, including over ten materials focused on forex and CFDs, regular monthly webinars, a searchable archive of past webinar recordings, and beginner-friendly videos. Additionally, OANDA offers an investor dictionary to help newcomers understand investing terminology. Due to these offerings, OANDA garners a high rating of 5 stars and ranks 22nd among 62 brokers for education on ForexBrokers.com.
DooPrime also caters to beginner traders with a selection of educational resources, including more than ten educational pieces and numerous beginner and advanced videos. However, it falls short in providing monthly webinars and a searchable archive for past sessions. Furthermore, DooPrime lacks an investor dictionary, making it slightly less comprehensive in its educational offerings compared to OANDA. As a result, DooPrime holds an education rating of 4 stars and is ranked 25th out of 62 brokers by ForexBrokers.com.
| Feature |
OANDA
|
DooPrime
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that OANDA is better than DooPrime. OANDA finished with an overall rank of #12, while DooPrime finished with an overall rank of #28.
A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.
| Feature |
OANDA
|
DooPrime
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 93 | 83 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
OANDA allows users to buy both actual delivered cryptocurrencies and cryptocurrency derivatives, whereas DooPrime does not provide options for purchasing either actual cryptocurrencies or cryptocurrency derivatives.
OANDA supports ACH and SEPA transfers, unlike DooPrime, but both platforms offer multiple deposit and withdrawal options, including PayPal, Skrill, Visa, Mastercard, and bank wires, making them versatile choices for online trading.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | OANDA | DooPrime | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 83 | |
| Winner | check_circle | ||
| Review | OANDA Review |
| Broker Screenshots | OANDA | DooPrime | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | OANDA | DooPrime | |
|---|---|---|---|
| Trust Score | 93 | 83 | |
| Year Founded | 1996 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 4 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | OANDA | DooPrime | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | OANDA | DooPrime | |
|---|---|---|---|
| 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 | OANDA | DooPrime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3928 | 10000 | |
| Forex Pairs (Total) | 68 | 60 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | Yes | No | |
| 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 | OANDA | DooPrime | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.61 | N/A | |
| All-in Cost EUR/USD - Active | 1.61 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | DooPrime | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | Yes | No |
| Trading Platforms | OANDA | DooPrime | |
|---|---|---|---|
| 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 | OANDA | DooPrime | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 81 | 30 | |
| Charting - Drawing Tools (Total) | 431 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | DooPrime | |
|---|---|---|---|
| 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 | OANDA | DooPrime | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | DooPrime | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | OANDA | DooPrime | |
|---|---|---|---|
| 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 | OANDA Review |
| Overall | OANDA | DooPrime | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 83 | |
| Winner | check_circle | ||
| Review | OANDA Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill