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OANDA vs DooPrime 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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.

OANDA
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 93
  • Tradeable Symbols (Total): 3928 info
DooPrime
4/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 83
  • Tradeable Symbols (Total): 10000

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.

Regulation

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 logoOANDA
DooPrime logoDooPrime
Year Founded info 1996 2014
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 7 4
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 3

Fees

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 logoOANDA
DooPrime logoDooPrime
Minimum Deposit info $0 $100
Average Spread EUR/USD - Standard info 1.61 info N/A info
All-in Cost EUR/USD - Active info 1.61 info N/A info
Active Trader or VIP Discounts info Yes info No
ACH or SEPA Transfers info Yes info No
PayPal (Deposit/Withdraw) info Yes info Yes
Skrill (Deposit/Withdraw) info Yes info Yes
Visa/Mastercard (Credit/Debit) info Yes info Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

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 logoOANDA
DooPrime logoDooPrime
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 3928 info 10000
Forex Pairs (Total) info 68 60
U.S. Stock Trading (Non CFD) info No Yes
Int'l Stock Trading (Non CFD) info No Yes
Social Trading / Copy Trading info Yes info Yes
Cryptocurrency (Physical) info Yes No
Cryptocurrency (Derivative) info Yes info 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.

Trading platforms and tools

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 logoOANDA
DooPrime logoDooPrime
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes info Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes info Yes
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 81 30
Charting - Drawing Tools (Total) info 431 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 6 7
View More

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

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 DooPrimeโ€™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 logoOANDA
DooPrime logoDooPrime
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

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 logoOANDA
DooPrime logoDooPrime
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info No Yes
Social Sentiment - Currency Pairs info Yes No
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

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 logoOANDA
DooPrime logoDooPrime
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

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 logoOANDA
DooPrime logoDooPrime
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 93 83
Range of Investments 4/5 Stars 5/5 Stars
Commissions & Fees 4/5 Stars 3/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with OANDA or DooPrime?

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.

What funding options does each broker offer?

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.




announcementPlease note:

We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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Compare

0 of 5
Overall Rating OANDA DooPrime
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 3/5 Stars
Range of Investments 4/5 Stars 5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 93 83
Winner check_circle
Review OANDA Review
Broker Screenshots OANDA DooPrime
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation OANDA DooPrime
Trust Score info 93 83
Year Founded info 1996 2014
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 7 4
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 3
Tier-1 Licenses (Highly Trusted) OANDA DooPrime
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No Yes
Japan (SFC Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info Yes No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses (Trusted) OANDA DooPrime
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments OANDA DooPrime
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 3928 info 10000
Forex Pairs (Total) info 68 60
U.S. Stock Trading (Non CFD) info No Yes
Int'l Stock Trading (Non CFD) info No Yes
Social Trading / Copy Trading info Yes info Yes
Cryptocurrency (Physical) info Yes No
Cryptocurrency (Derivative) info Yes info 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 info 1.61 info N/A info
All-in Cost EUR/USD - Active info 1.61 info N/A info
Active Trader or VIP Discounts info Yes info No
Inactivity Fee info Yes No
Execution: Agency Broker info No Yes
Execution: Market Maker info Yes Yes
Funding OANDA DooPrime
Minimum Deposit info $0 $100
PayPal (Deposit/Withdraw) info Yes info Yes
Skrill (Deposit/Withdraw) info Yes info Yes
Visa/Mastercard (Credit/Debit) info Yes info Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes info No
Trading Platforms OANDA DooPrime
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes info Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes info Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools OANDA DooPrime
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 6 7
Charting - Indicators / Studies (Total) info 81 30
Charting - Drawing Tools (Total) info 431 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading OANDA DooPrime
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes Yes
Research OANDA DooPrime
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info No Yes
TipRanks info No No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education OANDA DooPrime
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes No
Major Forex Pairs OANDA DooPrime
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review OANDA Review
Overall OANDA DooPrime
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 3/5 Stars
Range of Investments 4/5 Stars 5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 93 83
Winner check_circle
Review OANDA Review
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