Written by ForexBrokers.com
In this head to head comparison of DooPrime vs RoboForex, 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.
DooPrime and RoboForex are both online brokers that offer trading services, yet they have notable differences in their establishment and regulatory standings. DooPrime, founded in 2014, and RoboForex, founded in 2009, are both private companies that are not publicly traded nor are they banks. When it comes to trust and regulatory compliance, DooPrime distinguishes itself by holding four Tier-1 licenses, a mark of high trust, while RoboForex holds one.
The trust score provided by ForexBrokers.com paints a further picture of reliability, with DooPrime scoring 83, placing it in the "trusted" category according to ForexBrokers.com standards. RoboForex, on the other hand, has a trust score of 73, categorizing it as an "average risk" broker. Though neither broker holds any Tier-2 licenses, which would be considered trusted, the number of Tier-1 licenses each holds highlights the level of trust each broker can command from traders looking for secure investment options.
| Feature |
DooPrime
|
RoboForex
|
|---|---|---|
| Year Founded | 2014 | 2009 |
| 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 | 2 |
When considering an online broker for your trading needs, understanding their commissions and fees is crucial. At DooPrime, average spread data is not available, which makes a direct comparison challenging. However, DooPrime is generally regarded with a fairly average rating of 3 out of 5 stars for commissions and fees. In a comparison by ForexBrokers.com, DooPrime is ranked at number 58 out of 62 brokers in the Commissions and Fees category, suggesting that there might be more cost-effective options available elsewhere.
RoboForex presents a clearer picture as it offers average spreads of 1.3 pips for the EUR/USD currency pair on its Procent and Pro accounts—considered high by market standards. Despite this, RoboForex scores slightly better with a 3.5 out of 5-star rating for its commission and fee structure. Furthermore, it ranks a bit higher at number 54 out of 62 brokers according to ForexBrokers.com, indicating a moderately more competitive position compared to DooPrime.
For traders focused on minimizing trading costs, the choice between DooPrime and RoboForex may hinge on these ratings alongside their specific fee structures. DooPrime may need to clarify its spread details to provide better transparency, while RoboForex could benefit from addressing its relatively high spread on major currency pairs. Ultimately, comparing these brokers reveals RoboForex as having a slight edge in terms of cost efficiency.
| Feature |
DooPrime
|
RoboForex
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | N/A | 1.3 |
| 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 | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing DooPrime and RoboForex, both online brokers offer forex trading through CFDs or spot contracts, yet they each present distinct investment options. DooPrime provides an impressive 10,000 tradeable symbols, outshining RoboForex's 8,400 symbols. It also offers a larger selection of tradeable forex pairs with 60 available, while RoboForex provides 28 pairs. When it comes to trading actual U.S. exchange-traded securities and international shares, DooPrime stands out, allowing clients to invest directly in companies like Apple and Vodafone. RoboForex, on the other hand, does not offer trading in these non-CFD securities.
Both platforms support copy trading, but when it comes to cryptocurrency, their offerings differ. While neither broker allows users to buy actual cryptocurrencies, RoboForex provides access to cryptocurrency derivatives, unlike DooPrime. In terms of overall investment range, DooPrime is rated highly with 5 stars and ranks 12th among 62 brokers according to ForexBrokers.com. RoboForex follows closely with a 4.5-star rating and holds the 20th spot. This makes DooPrime a more appealing choice for those seeking a wider range of investment opportunities.
| Feature |
DooPrime
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 8400 |
| Forex Pairs (Total) | 60 | 28 |
| 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.
DooPrime and RoboForex both offer traders a range of platforms and tools to enhance their trading experience. Both brokers provide free virtual demo accounts, ensuring that users can practice trading without financial risk. DooPrime distinguishes itself with a proprietary platform developed in-house, whereas RoboForex does not offer a proprietary platform. Both brokers support widely-used platforms like MetaTrader 4 and MetaTrader 5, along with providing access to Windows-based desktop and web-based trading platforms. Traders interested in copy trading will find options available with both DooPrime and RoboForex.
In terms of additional tools, both DooPrime and RoboForex offer 15 drawing tools for charting, the capability to trade directly from a stock chart, and watch lists with seven columns. However, neither broker includes DupliTrade or ZuluTrade in their offerings. Despite these similarities, DooPrime ranks higher within the industry for trading platforms and tools at #25 out of 62, compared to RoboForex’s #43 position, with each receiving a four-star rating. These aspects make DooPrime slightly more favorable for traders focusing on platform variety and innovative solutions.
| Feature |
DooPrime
|
RoboForex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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.
Both DooPrime and RoboForex offer mobile trading apps that cater to iPhone and Android users. They feature alerts for stock and forex prices, allowing traders to stay informed with the latest market movements. Both brokers provide 30 technical studies for charting, alongside the capability to draw trendlines and view multiple time frames on charts. These tools can be invaluable for traders wanting in-depth analysis on the go. Furthermore, the apps allow users to create watchlists with real-time quotes, enhancing the trading experience by keeping important assets easily accessible.
However, while both DooPrime and RoboForex share many features, neither supports watchlist symbol syncing between mobile apps and online accounts. Despite this, their mobile apps do auto-save chart drawings, saving users time. When it comes to user ratings, both apps receive a commendable 4-star rating for their performance. According to ForexBrokers.com, DooPrime holds a better position at rank #25 compared to RoboForex's #43 out of 62 brokers, indicating a slightly stronger preference by users for DooPrime's mobile offering.
| Feature |
DooPrime
|
RoboForex
|
|---|---|---|
| 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.
DooPrime and RoboForex both offer valuable resources for traders seeking daily market insights and up-to-date forex news from top-tier sources like Bloomberg and Reuters. Both platforms provide tools from Trading Central for technical analysis, making them suitable for traders relying on such research. However, neither broker offers support from well-known tools like Autochartist, nor do they provide sentiment-based trading tools that illustrate market positioning ratios. Notably, while neither uses TipRanks, RoboForex stands out by including resources from Acuity Trading, such as Signal Centre.
Both brokers also feature economic calendars to help traders track significant global news events. Despite RoboForex's additional offerings from Acuity Trading, DooPrime edges ahead in research ratings with four stars out of five, compared to RoboForex's 3.5 stars. According to ForexBrokers.com, DooPrime ranks #29 among 62 brokers for research, while RoboForex is positioned at #37. This indicates that while both brokers offer robust tools and insights, DooPrime might be slightly more favorable for traders prioritizing research ratings and rankings.
| Feature |
DooPrime
|
RoboForex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, DooPrime stands out compared to RoboForex. DooPrime provides a comprehensive assortment of over 10 educational pieces focusing on forex and CFDs, which can be of significant value for those new to trading. In addition, DooPrime offers more than 10 beginner-friendly videos to help new traders better understand the trading landscape. RoboForex, however, lags behind in this aspect, offering less than the standard minimum educational content, which could make it more challenging for beginners to get a solid start.
While both DooPrime and RoboForex do not host regular online educational webinars or maintain archives of past sessions, DooPrime distinguishes itself with advanced learning materials as well. It supplies over 10 advanced educational videos for more experienced traders. As per ratings, DooPrime earns 4 out of 5 stars for education, placing it at #25 among 62 brokers reviewed by ForexBrokers.com. Conversely, RoboForex receives a slightly lower rating of 3.5 stars, ranking #56. This highlights DooPrime's emphasis on educational content, making it more appealing for those beginning their trading journey or seeking to advance their knowledge.
| Feature |
DooPrime
|
RoboForex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| 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 RoboForex. DooPrime finished with an overall rank of #28, while RoboForex finished with an overall rank of #46.
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
|
RoboForex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 73 |
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Compared to DooPrime, which does not offer the ability to buy actual cryptocurrencies or cryptocurrency derivatives, RoboForex allows users to purchase cryptocurrency derivatives, though neither platform offers the purchase of actual delivered cryptocurrencies.
DooPrime provides payment options such as PayPal, Skrill, Visa, Mastercard, and bank wires, but it does not support ACH or SEPA transfers, whereas RoboForex offers a wider range of deposit and withdrawal methods, including ACH, SEPA transfers, PayPal, Skrill, Visa, Mastercard, and bank wires.
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 | RoboForex | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
| Review | RoboForex Review |
| Broker Screenshots | DooPrime | RoboForex | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | DooPrime | RoboForex | |
|---|---|---|---|
| Trust Score | 83 | 73 | |
| Year Founded | 2014 | 2009 | |
| 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 | 2 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 8400 | |
| Forex Pairs (Total) | 60 | 28 | |
| 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 | RoboForex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.3 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | RoboForex | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | No | Yes |
| Trading Platforms | DooPrime | RoboForex | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | RoboForex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | DooPrime | RoboForex | |
|---|---|---|---|
| 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 | RoboForex Review |
| Overall | DooPrime | RoboForex | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
| Review | RoboForex Review |
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