Written by ForexBrokers.com
In this head to head comparison of Saxo 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.
Saxo and DooPrime are both online brokers that are not publicly traded on any stock exchange. Saxo, founded in 1992, operates as a bank, while DooPrime, established in 2014, does not. When it comes to regulatory standing, Saxo excels in trustworthiness with a ForexBrokers.com Trust Score of 99 out of 99, placing it in the highly trusted category. In contrast, DooPrime holds a Trust Score of 83, making it a trusted broker but with a slightly lower level of assurance compared to Saxo.
Regarding licensing, Saxo holds seven Tier-1 licenses and one Tier-2 license, bolstering its trust reputation. Meanwhile, DooPrime holds four Tier-1 licenses but lacks any Tier-2 licenses. This makes Saxo a preferred choice for those prioritizing high trust and extensive regulatory backing in their online trading activities. Saxo's long-standing presence in the market and its status as a bank further enhance its appeal for investors seeking reliable and secure trading platforms.
| Feature |
Saxo
|
DooPrime
|
|---|---|---|
| Year Founded | 1992 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 4 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 3 |
When comparing online brokers Saxo and DooPrime in terms of commissions and fees, Saxo generally provides more competitive pricing, especially for active traders. Saxo offers different account types with varying spreads: the Classic account has an average spread on the EUR/USD of 1.1 pips, the Platinum account offers 1.0 pips, and the VIP account offers the lowest at 0.9 pips. Saxo is particularly attractive for high-volume traders and those who can maintain larger account balances, as the minimum deposit for a Classic account has recently been reduced to $0, while the Platinum and VIP accounts offer lower spreads relative to their high minimum deposits. Moreover, Saxo waives custody fees for share trading if traders opt into securities lending. Saxo has earned a 5-star rating for commissions and fees and ranks ninth out of 62 brokers in this category.
On the other hand, DooPrime offers a less detailed overview of its commissions and fees, as specific average spread data is unavailable. DooPrime is given a 3-star rating for commissions and fees and ranks 58th out of 62 brokers, indicating that it may not be as cost-effective for traders concerned with keeping their trading expenses low compared to Saxo. While DooPrime might appeal to traders seeking a simplified fee structure, it currently sits much lower in rankings according to ForexBrokers.com.
Overall, for traders prioritizing a cost-efficient trading experience, Saxo stands out as a leading choice due to its low fees and comprehensive account options tailored to different trading volumes and styles. In contrast, DooPrime has room for improvement in its offerings to compete with top-tier brokers in the industry. With Saxo's superior services reflected in its higher rankings and ratings, traders might find value in the potential savings and benefits provided by their Platinum and VIP accounts.
| Feature |
Saxo
|
DooPrime
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.1 | N/A |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Saxo and DooPrime for their range of investment offerings, both platforms deliver a comprehensive selection but differ in scope. Saxo shines with an impressive 70,000 tradeable symbols, dwarfing DooPrime's 10,000. Investors seeking diverse forex pairs will also find Saxo more appealing, offering 190 pairs compared to DooPrime's 60. Both brokers enable trading on significant U.S. and international exchanges, providing access to popular stocks like Apple and Vodafone. Additionally, they each support forex trading through both CFD and spot contracts. While neither offers trading in actual cryptocurrencies, Saxo provides the option to trade cryptocurrency derivatives, adding a unique element to its platform. Despite these differences, both brokers have earned a top-tier five-star rating for their range of investment options, although Saxo ranks slightly higher at number three compared to DooPrime's twelfth place according to ForexBrokers.com.
Copy trading is available on both Saxo and DooPrime, catering to investors interested in mirroring the trades of seasoned professionals. While Saxo's extensive offerings and higher number of tradeable symbols could attract traders seeking variety and flexibility, DooPrime holds its ground with a competitive array of investment opportunities. Both platforms are strong contenders in the investment landscape, making the choice between them boil down to specific investor needs and preferences. Saxo's broader selection and unique cryptocurrency derivative options might appeal to more adventurous traders, whereas DooPrime offers a more streamlined selection that may suit those who prefer a straightforward approach.
| Feature |
Saxo
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 10000 |
| Forex Pairs (Total) | 190 | 60 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | 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.
When comparing the online trading platforms of Saxo and DooPrime, both brokers offer comprehensive tools with unique features for traders. Saxo and DooPrime provide free virtual demo accounts, allowing traders to practice without any financial risk. Both have developed their own proprietary platforms that can be accessed via a Windows-based desktop application or a web browser, enhancing flexibility in trading. While both platforms offer copy trading and the capability to trade directly from stock charts, DooPrime also supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), whereas Saxo does not. Despite this, Saxo emphasizes a highly customizable experience with 60 columns for creating detailed watch lists, compared to just 7 provided by DooPrime.
In terms of charting tools, Saxo provides 20 drawing options, slightly more than DooPrime's 15, offering traders comprehensive options for technical analysis. Ratings from ForexBrokers.com give Saxo a perfect score of 5 stars for its trading platforms and tools, ranking it #1 out of 62 brokers, while DooPrime garners a solid 4-star rating, placing it at #25. This makes Saxo a top choice for traders seeking a broad range of functionalities and customization, while DooPrime may be attractive for those who prefer the familiarity of MetaTrader platforms.
| Feature |
Saxo
|
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) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 64 | 30 |
| Charting - Drawing Tools (Total) | 20 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 60 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Saxo and DooPrime, both offer apps for iPhone and Android devices, along with features like stock and forex price alerts. However, Saxo app users benefit from watchlist symbol syncing with their online accounts, a feature not available with DooPrime. Saxo stands out with 64 technical studies for charting compared to DooPrime's 30, providing a more comprehensive toolset for technical analysis. Additionally, both platforms enable users to draw trendlines and view multiple time frames on charts, as well as auto-save chart drawings. Creating watchlists with real-time quotes is also supported by both apps.
Saxo's mobile app receives a top rating of 5 stars for its mobile trading experience and ranks an impressive #2 out of 62 brokers on ForexBrokers.com. Meanwhile, DooPrime earns a respectable 4-star rating, but ranks lower at #24. This suggests that while DooPrime has a solid mobile platform, Saxo offers a more feature-rich experience that may appeal to those needing advanced charting tools and the convenience of synced watchlists.
| Feature |
Saxo
|
DooPrime
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 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 offerings of Saxo and DooPrime, both provide daily market commentary along with access to forex news from top-tier sources like Bloomberg and Reuters. However, Saxo stands out by offering tools from Autochartist and a sentiment-based trading feature that indicates the ratio of long or short positions across currency pairs. In contrast, DooPrime provides technical analysis tools from Trading Central but lacks some of the features Saxo offers.
Both brokers offer an economic calendar to keep traders informed of global news events. In terms of ratings, Saxo shines with a full five-star rating and holds the top spot among 62 brokers in the Research category according to ForexBrokers.com. Meanwhile, DooPrime, with a four-star rating, is ranked at #29. This detailed comparison highlights Saxo's more comprehensive research tools and higher ranking, making it a preferred choice for those prioritizing market research capabilities.
| Feature |
Saxo
|
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 it comes to educational resources for beginners, Saxo and DooPrime both offer a variety of materials designed to help you get started with forex and CFDs. Both brokers provide a minimum of 10 educational pieces such as articles, videos, and webinars, with a focus on trading. However, Saxo stands out by offering regular online educational webinars every month, in addition to maintaining a searchable archive of those previously recorded sessions. This allows learners to revisit past webinars at their convenience, a feature that DooPrime does not offer. Both Saxo and DooPrime have educational videos aimed at beginners and advanced traders, ensuring a range of materials for different skill levels. While both brokers excel in video content, Saxo further enhances beginner education with an extensive investor dictionary encompassing over 50 investing terms, a valuable resource not mirrored by DooPrime.
In terms of ratings and rankings, Saxo takes the lead with a 5-star rating for its educational offerings, compared to DooPrime's 4-star rating. This is reflected in their standings as well; Saxo ranks #13 out of 62 brokers in the Education category according to ForexBrokers.com, while DooPrime is positioned at #24. For beginners looking for comprehensive educational support, Saxo provides a more complete package, particularly with its regular webinars and extensive dictionary of investing terms.
| Feature |
Saxo
|
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 Saxo is better than DooPrime. Saxo finished with an overall rank of #3, while DooPrime finished with an overall rank of #28.
Saxo is an exclusive multi-asset broker with brilliant research and a superb trading platform experience – as well as a stunning selection of over 40,000 securities.
| Feature |
Saxo
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DooPrime
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 83 |
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While Saxo enables the purchase of cryptocurrency derivatives, neither Saxo nor DooPrime provide the option to buy actual (delivered) cryptocurrency, with DooPrime also lacking the capability to purchase cryptocurrency derivatives.
Comparing the online brokers Saxo and DooPrime reveals that both offer Visa, Mastercard, and bank wire options for depositing or withdrawing funds, but DooPrime additionally supports PayPal and Skrill while Saxo does not; neither broker offers 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 | Saxo | DooPrime | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | Saxo Review |
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| Regulation | Saxo | DooPrime | |
|---|---|---|---|
| Trust Score | 99 | 83 | |
| Year Founded | 1992 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 4 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 3 |
| Tier-1 Licenses (Highly Trusted) | Saxo | DooPrime | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | Yes | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | 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) | Saxo | DooPrime | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | 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 | Saxo | DooPrime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 10000 | |
| Forex Pairs (Total) | 190 | 60 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | Saxo | DooPrime | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | N/A | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Saxo | DooPrime | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Saxo | DooPrime | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Saxo | DooPrime | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 60 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 30 | |
| Charting - Drawing Tools (Total) | 20 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | 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 | 64 | 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 | Saxo | 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 | Saxo | 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 | Saxo | 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 | Saxo Review |
| Overall | Saxo | DooPrime | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | Saxo Review |
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