Written by ForexBrokers.com
In this head to head comparison of DooPrime vs Octa, 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 offers a solid trust profile in the online brokerage space. With a Trust Score of 83 out of 99 from ForexBrokers.com, DooPrime is classified as a trusted broker. The online broker also stands out by holding four Tier-1 licenses, recognized for being highly trusted. Though not publicly traded or a bank, DooPrime’s regulatory framework presents an appealing option for traders looking for a reliable platform.
In comparison, Octa has been serving traders since 2011 and carries a Trust Score of 72, placing it in the average risk category according to ForexBrokers.com. Octa holds one Tier-1 license and one Tier-2 license, reinforcing a moderate level of trust. Like DooPrime, Octa is neither publicly traded nor operates as a bank, but its regulatory licenses reflect a commendable level of oversight, making it a viable choice for many traders.
| Feature |
DooPrime
|
Octa
|
|---|---|---|
| Year Founded | 2014 | 2011 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When it comes to commissions and fees, Octa has gained traction, especially in the MetaTrader brokerage space, boasting strong improvements in pricing over time. Octa offers no slippage on 97.5% of its executed orders and does not impose overnight carry costs. However, high-frequency traders may encounter some restrictions. Notably, Octa's pricing varies based on account type and the regulating entity, with European clients primarily trading via a single MT5 account. On the other hand, international clients have access to both MT4 and MT5 accounts, as well as OctaTrader. Despite these improvements, Octa acknowledges that its spread data lacks specific date references, making precise comparisons difficult, but it does consistently strive to offer competitive pricing.
DooPrime does not have publicly available data on average spreads, making it challenging to assess its competitiveness directly. Nevertheless, it is important to acknowledge that DooPrime ranks 58th out of 62 brokers in the Commissions and Fees category according to ForexBrokers.com, receiving a 3-star rating for this category. This information suggests that while DooPrime provides standard services, it may not be the most cost-effective option compared to competitors, particularly for traders looking for specific data transparency.
In contrast, Octa emerges stronger in the same category, with a 4-star rating and a more favorable rank of 29th out of 62 brokers. This highlights Octa's dedication to refining its fee structure, offering a more wallet-friendly experience for its users. Overall, while both brokers cater to different trading needs, Octa's continuous efforts in enhancing its commission and fee structures have earned it a notable edge over DooPrime.
| Feature |
DooPrime
|
Octa
|
|---|---|---|
| Minimum Deposit | $100 | $25 |
| Average Spread EUR/USD - Standard | N/A | 0.9 |
| 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 | 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 comparing DooPrime and Octa for their range of investment options, DooPrime distinctly stands out with its extensive variety. Offering an impressive 10,000 tradeable symbols, including 60 forex pairs, DooPrime clearly provides a wide selection for investors. Octa, on the other hand, features 300 tradeable symbols and 35 forex pairs, which is significantly less expansive. Both platforms provide forex trading through CFDs or spot contracts, catering to different trading strategies. However, when it comes to exchange-traded securities on U.S. exchanges, DooPrime shines brighter as it allows clients to purchase shares like Apple (NASDAQ: AAPL), an option not available with Octa. Both brokers allow investments in exchange-traded securities on international exchanges such as the London Stock Exchange.
DooPrime and Octa both support copy trading, which is ideal for traders looking to follow successful strategies. However, neither broker offers the ability to buy actual cryptocurrencies. While DooPrime doesn't provide cryptocurrency derivatives, Octa does, adding a layer of flexibility for those interested in crypto markets. Overall, with a 5-star rating for its range of investments compared to Octa’s 3.5 stars, DooPrime is ranked #12 out of 62 brokers by ForexBrokers.com, whereas Octa is positioned at #52. This indicates that DooPrime is likely the better choice for investors seeking a diverse array of trading opportunities.
| Feature |
DooPrime
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 300 |
| Forex Pairs (Total) | 60 | 35 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| 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.
Both DooPrime and Octa provide traders with a comprehensive suite of trading platforms and tools, including simulations with free virtual demo accounts to practice strategies without any financial risk. Each broker has developed proprietary platforms alongside widely recognized ones like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both offer diverse choices in trading environments, from Windows-based desktop platforms to convenient web-based interfaces accessible through any browser. Additional features such as copy trading are also available to clients of both brokers, enabling them to follow and replicate the trades of experienced investors.
When it comes to charting and analysis, both DooPrime and Octa provide traders with 15 drawing tools and the ability to trade directly from stock charts. They offer customizable watch lists with seven available fields to tailor the trading interface to individual preferences. While both firms have received a 4-star rating for their trading platforms and tools, DooPrime is slightly better ranked at #25 in comparison to Octa's #37, according to ForexBrokers.com. However, neither broker includes support for DupliTrade or ZuluTrade, which could be a factor for professional traders seeking diversified trading technology solutions.
| Feature |
DooPrime
|
Octa
|
|---|---|---|
| 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) | 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.
When comparing the mobile trading apps of DooPrime and Octa, both platforms offer apps for iPhone and Android users, ensuring accessibility across major devices. Users seeking price alerts for stocks or forex will find this functionality available on both apps, though neither broker offers watchlist symbol syncing on their mobile applications. Charting capabilities are equally matched, as both DooPrime and Octa provide 30 technical studies, support trendline drawing, and multiple timeframe views. Moreover, they auto-save drawings on charts and allow users to create watchlists with real-time quotes.
In terms of user ratings and rankings, both DooPrime and Octa have garnered a solid 4-star rating for their Mobile Trading Apps. However, DooPrime holds a slight edge in industry ranking by ForexBrokers.com, where it is placed at #25 out of 62 brokers, whereas Octa is ranked #35. This slight difference might influence users when deciding between the two, though both apps still deliver a commendable trading experience on-the-go.
| Feature |
DooPrime
|
Octa
|
|---|---|---|
| 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 it comes to market commentary and forex news, both DooPrime and Octa provide daily updates and offer insights from top-tier sources like Bloomberg and Reuters. For those seeking advanced technical tools, DooPrime features resources from Trading Central, whereas Octa partners with Autochartist, enhancing their research toolkit in unique ways. Both brokers, however, lack sentiment-based trading tools and access to external market research from TipRanks or Acuity Trading. Furthermore, DooPrime and Octa both cater to traders who keep track of global economic news with comprehensive economic calendars.
In terms of research star ratings, DooPrime and Octa share the same acclaim with four out of five stars. However, Octa slightly edges out in the rankings, securing the 26th position compared to DooPrime at 29th out of 62 brokers, based on evaluations by ForexBrokers.com. Despite minor differences, both platforms offer a solid suite of market research resources that cater to various trader preferences and styles.
| Feature |
DooPrime
|
Octa
|
|---|---|---|
| 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 the educational resources for beginners offered by DooPrime and Octa, both online brokers provide a solid foundation with a minimum of 10 educational pieces such as articles, videos, and archived webinars focused on forex or CFDs. However, their approach diverges when it comes to live interactions and in-depth learning. Octa stands out by offering monthly online educational client webinars and maintains a searchable archive of these recorded sessions, providing easy access to past content. In contrast, DooPrime does not offer monthly webinars or an archive, which could impact those preferring a live learning experience.
Both DooPrime and Octa deliver at least 10 beginner and 10 advanced educational videos, ensuring a comprehensive video library for traders at different levels. However, Octa extends its educational resources by providing an investor dictionary with over 50 terms, a feature missing from DooPrime's offerings. Despite these differences, both brokers achieve a comparable education rating of 4 stars. Yet, DooPrime ranks higher at #25 compared to Octa's #41 among 62 brokers on ForexBrokers.com for education, highlighting that users value different aspects in their educational offerings.
| Feature |
DooPrime
|
Octa
|
|---|---|---|
| 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 Octa. DooPrime finished with an overall rank of #28, while Octa finished with an overall rank of #47.
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
|
Octa
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 72 |
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While both DooPrime and Octa do not allow users to purchase actual, delivered cryptocurrencies, Octa provides the option to trade cryptocurrency derivatives, whereas DooPrime does not offer this feature.
Both DooPrime and Octa provide Skrill, Visa, Mastercard, and bank wire options for depositing or withdrawing funds, but only DooPrime offers PayPal as an additional payment method, while neither supports 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 | Octa | |
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| Trust Score | 83 | 72 | |
| Winner | check_circle | ||
| Review | Octa Review |
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| Regulation | DooPrime | Octa | |
|---|---|---|---|
| Trust Score | 83 | 72 | |
| Year Founded | 2014 | 2011 | |
| 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 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | Octa | |
|---|---|---|---|
| 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 | Octa | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | DooPrime | Octa | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 300 | |
| Forex Pairs (Total) | 60 | 35 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| 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 | Octa | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 0.9 | |
| 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 | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | Octa | |
|---|---|---|---|
| Minimum Deposit | $100 | $25 | |
| 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 | Octa | |
|---|---|---|---|
| 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 | DooPrime | Octa | |
|---|---|---|---|
| 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 | Octa | |
|---|---|---|---|
| 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 | Octa | |
|---|---|---|---|
| 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 | Octa | |
|---|---|---|---|
| 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 | Octa | |
|---|---|---|---|
| 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 | Octa Review |
| Overall | DooPrime | Octa | |
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| Trust Score | 83 | 72 | |
| Winner | check_circle | ||
| Review | Octa Review |
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