Written by ForexBrokers.com
In this head to head comparison of Pepperstone 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.
Pepperstone and DooPrime are two prominent online brokers catering to forex traders. Pepperstone, founded in 2010, boasts a highly trusted reputation with a Trust Score of 95 from ForexBrokers.com, backed by three Tier-1 licenses and two Tier-2 licenses. Meanwhile, DooPrime, established in 2014, has a Trust Score of 83, supported by four Tier-1 licenses. Neither Pepperstone nor DooPrime is publicly traded, nor do they operate as banks.
While both brokers have their strengths, Pepperstone is perceived as more reliable due to its higher Trust Score and a broader mix of Tier-1 and Tier-2 licenses, indicating a higher level of regulatory scrutiny. DooPrime, although slightly younger and holding a lower trust score, still maintains a strong position with its four Tier-1 licenses, providing a level of assurance to traders looking for trusted trading options.
| Feature |
Pepperstone
|
DooPrime
|
|---|---|---|
| Year Founded | 2010 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 4 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 3 |
Pepperstone is known for offering competitive pricing, particularly with its Razor account for those who engage in high-volume trading. This account employs a commission-based pricing structure and can be accessed via popular platforms like TradingView, MetaTrader, and cTrader. As of July 2024, the average spread for the EUR/USD is listed at 0.10 pips, with the all-in cost, including commission, totaling 0.80 pips – a figure that aligns with the industry average. Conversely, Pepperstone's Standard account, which is commission-free, has a higher average spread of 1.1 pips for the same currency pair, making it the pricier option overall.
Pepperstone also has an Active Trader program where traders can receive spread rebates depending on their monthly trading volume and designated tier. This program is tailored for professional clients, with specific rebate rates available in regions like the UK, EU, and Australia. Such personalized incentives make Pepperstone a preferred choice for serious traders who meet the minimum trading requirements, extending the benefit of reduced trading costs and enhanced affordability for large-volume transactions.
In contrast, commission and fee details for DooPrime are less transparent, as specific average spread data is not provided. In terms of user ratings and rankings, Pepperstone shines brighter with a 4.5-star rating and is ranked #10 out of 62 brokers for commissions and fees by ForexBrokers.com. DooPrime, however, holds a lesser 3-star rating and is positioned at #58 in the same category. This disparity indicates that while Pepperstone is generally more favorable among traders for cost efficiency, DooPrime may not offer the same level of financial advantage.
| Feature |
Pepperstone
|
DooPrime
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.00 | N/A |
| All-in Cost EUR/USD - Active | 0.70 | 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 comparing Pepperstone and DooPrime, both platforms offer forex trading as either a CFD or spot contract, making them suitable for traders interested in currency markets. Pepperstone provides access to 65 tradeable forex pairs, while DooPrime offers 60. However, DooPrime outshines Pepperstone in the overall number of tradeable symbols, hosting a remarkable 10,000 compared to Pepperstone's 1,726. This expansive range assists traders in finding diverse investment opportunities.
In addition to a wider variety of tradeable symbols, DooPrime also offers the advantage of trading actual exchange-traded securities on U.S. and international exchanges, unlike Pepperstone. Both brokers support copy trading, enabling investors to mimic successful trading strategies. In terms of cryptocurrency offerings, Pepperstone provides cryptocurrency derivatives, while DooPrime does not offer cryptocurrencies, whether actual or derivatives. With these options, DooPrime earns a higher rating of 5 stars for its range of investments, ranking 12th among 62 brokers. Pepperstone, meanwhile, scores 4 stars, ranking 26th in the same category.
| Feature |
Pepperstone
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 10000 |
| Forex Pairs (Total) | 65 | 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) | No | 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.
Pepperstone and DooPrime are two online brokers that offer a solid range of trading platforms and tools for traders of all experience levels. Both brokers provide simulated trading options with free virtual demo accounts, allowing users to practice their skills without financial risk. Additionally, they each offer proprietary platforms developed in-house, alongside popular platforms MetaTrader 4 and MetaTrader 5. For those who prefer desktop solutions, both have Windows-based desktop platforms, and they also provide web-based platforms for trading via browsers. While copy trading is available with both brokers, Pepperstone distinguishes itself by offering DupliTrade, a feature not available through DooPrime. Neither broker supports ZuluTrade.
Charting is an essential aspect of online trading, and both Pepperstone and DooPrime enable trading directly from stock charts. When it comes to charting tools, Pepperstone offers 30 drawing tools compared to DooPrime's 15, although both brokers provide the same number of columns, seven, for customizing watch lists. In terms of ratings, both brokers receive an impressive 4-star rating for their trading platforms and tools. However, in ForexBrokers.com's rankings out of 62 brokers, Pepperstone holds a slightly higher position at #22, while DooPrime is close behind at #25. Overall, both brokers are well-equipped to meet traders' needs, with Pepperstone offering a slight edge in certain areas.
| Feature |
Pepperstone
|
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 | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 15 | 30 |
| Charting - Drawing Tools (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and DooPrime both offer user-friendly mobile trading apps compatible with iPhone and Android devices. They provide various features such as stock and forex price alerts, the ability to draw trendlines on charts, and support for viewing multiple time frames. With 30 technical studies for charting available in both apps, users can enjoy comprehensive analytics for informed trading decisions. However, one key difference is Pepperstone's option for watchlist symbol syncing between the app and online account, a feature not available with DooPrime. This can be particularly beneficial for traders who want consistency across platforms.
Both apps allow the creation of watchlists with real-time quotes, and ensure that any drawings on charts are automatically saved, enhancing the user experience. Despite these similarities and the overall solid features, Pepperstone slightly edges out with its #21 ranking on ForexBrokers.com for mobile trading apps, compared to DooPrime's #24 ranking, even though both apps are rated four stars. All things considered, Pepperstone and DooPrime offer competitive mobile trading experiences, with slight nuances that may influence a trader's preference based on personal needs.
| Feature |
Pepperstone
|
DooPrime
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | 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.
Pepperstone and DooPrime both provide traders with valuable daily market commentary and access to high-quality forex news from top-tier sources like Bloomberg and Reuters. However, they differ in their approach to technical analysis tools. Pepperstone collaborates with Autochartist to offer advanced analysis options, while DooPrime partners with Trading Central to provide specialized trading analytics. For traders who prefer sentiment-based tools, Pepperstone offers insights into the long and short positions across different currency pairs, a feature not available through DooPrime. Both brokers supply economic calendars to help users stay informed about global news events, although neither offers market research from TipRanks or Acuity Trading.
When it comes to research ratings, Pepperstone outpaces DooPrime with a 4.5-star score compared to DooPrime’s 4 stars. This higher score is reflected in their rankings, with Pepperstone ranked at number 12 among 62 brokers reviewed by ForexBrokers.com, while DooPrime holds the 29th position. This distinction emphasizes Pepperstone's stronger position in delivering research services that assist traders in making informed decisions. In summary, while both brokers offer strong research capabilities, subtle differences like sentiment analysis and specific tool partnerships may influence traders’ preferences.
| Feature |
Pepperstone
|
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.
For beginners exploring the world of online trading, Pepperstone and DooPrime both offer a wealth of educational resources, though with some differences. Both brokers provide a substantial collection of educational materials, including over 10 articles, videos, and webinars focusing on forex and CFDs. However, Pepperstone stands out by offering regular monthly webinars that are accessible online, creating a dynamic learning atmosphere for clients. These webinars are also stored in a searchable archive, allowing users to revisit valuable insights at their convenience. DooPrime, in contrast, does not provide this level of ongoing interaction through webinars.
Both Pepperstone and DooPrime cater to a wide range of traders with beginner and advanced educational videos, making sure traders at all levels have access to essential knowledge. Pepperstone further enriches its educational offerings with an investor dictionary containing over 50 investing terms, a resource DooPrime does not provide. Reflecting these differences, Pepperstone achieves an educational rating of 4.5 stars, compared to DooPrime's 4 stars. Consequently, Pepperstone is ranked 18th among 62 brokers by ForexBrokers.com in the Education category, while DooPrime is ranked 24th, illustrating a solid yet slightly less comprehensive educational support for beginners at DooPrime.
| Feature |
Pepperstone
|
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 Pepperstone is better than DooPrime. Pepperstone finished with an overall rank of #16, while DooPrime finished with an overall rank of #28.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
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DooPrime
|
|---|---|---|
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| Trust Score | 95 | 83 |
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When comparing online brokers Pepperstone and DooPrime in terms of cryptocurrency offerings, Pepperstone does not provide the option to buy actual (delivered) cryptocurrencies, but it does allow the purchase of cryptocurrency derivatives, whereas DooPrime neither offers the purchase of actual (delivered) cryptocurrencies nor cryptocurrency derivatives.
Pepperstone stands out by offering ACH and SEPA transfers along with PayPal, Skrill, Visa, Mastercard, and bank wires for deposits and withdrawals, whereas DooPrime matches Pepperstone with options like PayPal, Skrill, Visa, Mastercard, and bank wires but lacks ACH and SEPA transfer capabilities.
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 | Pepperstone | DooPrime | |
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| Trust Score | 95 | 83 | |
| Winner | check_circle | ||
| Review | Pepperstone Review |
| Broker Screenshots | Pepperstone | DooPrime | |
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| Regulation | Pepperstone | DooPrime | |
|---|---|---|---|
| Trust Score | 95 | 83 | |
| Year Founded | 2010 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 4 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 3 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | DooPrime | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Pepperstone | DooPrime | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Pepperstone | DooPrime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 10000 | |
| Forex Pairs (Total) | 65 | 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) | No | 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 | Pepperstone | DooPrime | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | N/A | |
| All-in Cost EUR/USD - Active | 0.70 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | 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 | Pepperstone | 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 | Yes | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Pepperstone | DooPrime | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| Charting - Drawing Tools (Total) | 30 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | DooPrime | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | 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 | Pepperstone | 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 | Pepperstone | 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 | Pepperstone | 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 | Pepperstone Review |
| Overall | Pepperstone | DooPrime | |
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| Trust Score | 95 | 83 | |
| Winner | check_circle | ||
| Review | Pepperstone Review |
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