Written by ForexBrokers.com
In this head to head comparison of DooPrime vs Spreadex, 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.
When comparing the online brokerages DooPrime and Spreadex, there are several aspects to consider, particularly their founding years and Trust Score ratings. DooPrime launched in 2014, while Spreadex has been around since 1999. Neither company is publicly traded or operates as a bank. In terms of credibility, DooPrime holds a Trust Score of 83 on ForexBrokers.com, placing it in the trusted category. Meanwhile, Spreadex has a Trust Score of 71, classifying it as an average-risk broker.
Examining the regulatory credentials further, DooPrime stands out with four Tier-1 licenses, indicating a high level of trust according to ForexBrokers.com standards. Spreadex, on the other hand, has only one Tier-1 license and possesses no Tier-2 licenses, similar to DooPrime. These regulatory differences highlight DooPrime's potentially stronger trustworthiness in the eyes of those prioritizing regulatory standards.
| Feature |
DooPrime
|
Spreadex
|
|---|---|---|
| Year Founded | 2014 | 1999 |
| 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 | 0 |
When comparing the commissions and fees associated with online brokers DooPrime and Spreadex, it's notable that DooPrime doesn't release specific average spread data, making a direct cost comparison challenging. However, DooPrime earns a rating of 3 out of 5 stars for its commissions and fees, placing it at a modest rank of 58 out of 62 brokers according to ForexBrokers.com. This suggests that while competitive, there might be room for improvement in DooPrime's pricing structures compared to its peers.
In contrast, Spreadex provides more transparency with its fees, offering an average spread of 0.81 pips for EUR/USD in January 2024. Impressively, the minimum spread of 0.6 pips was achieved 60% of the time during the month. Spreadex's clear pricing model reflects in its higher rating of 4 stars out of 5, and it is ranked 27 out of 62 brokers for the Commissions and Fees category by ForexBrokers.com.
In summary, Spreadex appears to present a more favorable option for traders prioritizing lower fees and detailed spread information. While DooPrime offers a viable service, its fee structure may not be as competitive or transparent as Spreadex's based on the available data and third-party evaluations.
| Feature |
DooPrime
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | N/A | 0.81 |
| 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 | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments offered by DooPrime and Spreadex, both brokers provide extensive options, making them standout choices for traders. DooPrime impresses with access to forex trading as both CFDs and spot contracts, offering an impressive 60 tradeable forex pairs. Additionally, clients can invest in a remarkable variety of over 10,000 symbols. One of DooPrime's standout features is the ability for clients to buy exchange-traded securities on both U.S. and international exchanges, allowing investments in companies like Apple and Vodafone. Furthermore, they offer copy trading, enhancing their appeal to those looking to follow successful trading strategies.
Spreadex, on the other hand, also offers a vast selection of tradeable options, with 10,000 symbols and 52 forex pairs available for trading as CFDs or spot contracts. However, they do not provide access to exchange-traded securities on U.S. or international markets. Instead, Spreadex diversifies its offerings by allowing clients to trade cryptocurrency derivatives, providing flexibility for those interested in digital assets. Despite differences, both brokers are highly rated with five stars each for their range of investments. According to ForexBrokers.com, DooPrime is ranked slightly higher at 12th place, while Spreadex follows closely at 13th, highlighting their excellence in providing comprehensive investment choices to their clients.
| Feature |
DooPrime
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 10000 |
| Forex Pairs (Total) | 60 | 52 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | No |
| 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.
When comparing DooPrime and Spreadex for their trading platforms and tools, both brokers offer free virtual demo accounts, allowing users to practice trading strategies without financial risk. They also each provide their own proprietary platforms, offering tailored experiences for their clients. However, while DooPrime caters to advanced traders with both MetaTrader 4 and MetaTrader 5, Spreadex does not support these popular platforms. Additionally, DooPrime has a Windows-based desktop platform, whereas Spreadex lacks this feature, offering only a web-based trading platform instead. In terms of innovation, DooPrime stands out with its copy trading capabilities, which are notably absent at Spreadex.
For those valuing technical analysis, DooPrime presents a slight edge with 15 drawing tools compared to Spreadex's 11, while both enable trading directly from a stock chart. Despite DooPrime offering a smaller range of watch list columns, both platforms have earned a commendable 4-star rating. However, DooPrime secures a stronger standing in the broader market, ranking 25th out of 62 brokers for their trading platforms and tools, as noted by ForexBrokers.com, while Spreadex is ranked 46th. With distinct features that cater to different trading needs, DooPrime and Spreadex provide viable choices for traders, depending on individual priorities and preferences.
| Feature |
DooPrime
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 58 |
| Charting - Drawing Tools (Total) | 15 | 11 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of DooPrime and Spreadex, both platforms cater to iPhone and Android users, offering essential features for stock and forex trading. They provide price alerts and enable users to view multiple time frames on charts, which is crucial for informed trading decisions. Users can also create watchlists with real-time quotes across both apps. However, while DooPrime offers 30 technical studies for charting, Spreadex does not disclose this feature. Additionally, both apps support drawing trendlines, yet only DooPrime automatically saves these drawings, providing a slight edge for technical analysis enthusiasts.
In terms of synchronization, neither DooPrime nor Spreadex offers watchlist symbol syncing between the mobile app and online account. Despite these similarities, DooPrime holds a higher rank (#25) on ForexBrokers.com compared to Spreadex's #46, both receiving a solid 4-star rating. Whether you're leaning towards comprehensive charting tools or consistent user ratings, this comparison highlights the features that can guide your choice between DooPrime and Spreadex for a mobile trading experience.
| Feature |
DooPrime
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
DooPrime and Spreadex excel in providing daily market commentary and access to forex news from prestigious sources like Bloomberg and Reuters, giving traders valuable insights into market movements. Both brokers also feature comprehensive economic calendars that cover global news events, ensuring that traders are informed of important developments. While DooPrime partners with Trading Central to offer technical analysis tools, Spreadex stands out with its Autochartist resources and sentiment-based trading tool. These unique offerings cater to different trading styles, with Spreadex focusing more on sentiment data and automated chart analysis, whereas DooPrime complements its forex news with expert analytical tools from Trading Central.
In terms of market research, neither DooPrime nor Spreadex currently provide tools from TipRanks or Acuity Trading, maintaining a balanced offering in this regard. Both brokers hold commendable research ratings of four stars and are closely ranked on ForexBrokers.com, with DooPrime slightly ahead at 29th and Spreadex following at 31st. This close ranking highlights their competitive capabilities in research offerings, giving traders a choice between focusing on sophisticated analysis or leveraging sentiment tools in their trading strategies.
| Feature |
DooPrime
|
Spreadex
|
|---|---|---|
| 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 | Yes |
| 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, both DooPrime and Spreadex offer sufficient materials. They provide over ten educational pieces such as articles and videos that cover essential topics in forex and CFDs. Each broker also offers at least ten beginner-focused educational videos, making it easier for newcomers to gain a solid understanding of trading concepts. However, neither DooPrime nor Spreadex holds regular educational webinars or maintains a searchable archive of past webinars to enhance live learning opportunities.
DooPrime stands out in offering advanced educational videos, ideal for traders looking to deepen their knowledge, while Spreadex lags in this aspect. On the flip side, Spreadex provides an extensive investor dictionary with over 50 investing terms, a feature not available from DooPrime. Both brokers are rated four stars for their educational offerings, yet DooPrime ranks higher in the educational category, placing 25th out of 62 brokers compared to Spreadex, which ranks 45th. This makes DooPrime a slightly more favorable option for traders who wish to advance their trading skills beyond the basics.
| Feature |
DooPrime
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| 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 Spreadex. DooPrime finished with an overall rank of #28, while Spreadex finished with an overall rank of #39.
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
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Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 71 |
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When comparing online brokers DooPrime and Spreadex, neither platform offers the option to purchase actual (delivered) cryptocurrency, but while DooPrime also lacks cryptocurrency derivatives, Spreadex provides the capability to trade in cryptocurrency derivatives.
While both DooPrime and Spreadex offer Visa, Mastercard, and bank wire options for depositing and withdrawing funds, DooPrime additionally accepts PayPal and Skrill, whereas Spreadex does not support these e-wallet services, and neither platform 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 | Spreadex | |
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| Trust Score | 83 | 71 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
| Broker Screenshots | DooPrime | Spreadex | |
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| Regulation | DooPrime | Spreadex | |
|---|---|---|---|
| Trust Score | 83 | 71 | |
| Year Founded | 2014 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 0 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | Spreadex | |
|---|---|---|---|
| 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 | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | DooPrime | Spreadex | |
|---|---|---|---|
| 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 | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 10000 | |
| Forex Pairs (Total) | 60 | 52 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 0.81 | |
| 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 | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | DooPrime | Spreadex | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | DooPrime | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 8 | |
| Charting - Indicators / Studies (Total) | 30 | 58 | |
| Charting - Drawing Tools (Total) | 15 | 11 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | DooPrime | Spreadex | |
|---|---|---|---|
| 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 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | DooPrime | Spreadex | |
|---|---|---|---|
| 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 | Yes | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | DooPrime | Spreadex | |
|---|---|---|---|
| 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 | Spreadex Review |
| Overall | DooPrime | Spreadex | |
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| Trust Score | 83 | 71 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
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