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.
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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 of online brokers DooPrime and Spreadex, potential investors will find distinct differences in how they are rated and ranked. DooPrime does not provide average spread data, resulting in a somewhat opaque view for cost-conscious traders. It holds a 3-star rating in the commissions and fees category, showcasing an average performance despite the lack of detailed cost metrics. DooPrime stands at a lower position of #58 out of 62 brokers, reflecting its competitive stature among peers.
In contrast, Spreadex offers more transparency with its fee structure. For example, in January 2024, the average spreads for EUR/USD were 0.81 pips, with a minimum spread of 0.6 pips reached 60% of the time during the month. Such clear data assists traders in understanding potential costs better. Spreadex enjoys a 4-star rating in the commissions and fees category, indicating a superior standing over DooPrime. Additionally, it ranks higher at #30 among 62 brokers, pointing to a more favorable evaluation in terms of trader expenses.
Overall, Spreadex edges out DooPrime with a clearer fee structure and higher ratings and rankings for commissions and fees. This blend of transparency and competitive pricing makes it a more attractive option for traders seeking cost-effective trading conditions. In contrast, DooPrime, with its lack of specific spread data and lower rankings, may not appeal as strongly to those prioritizing fee structure clarity.
| 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 the trading platforms and tools of DooPrime and Spreadex, several distinctions become apparent. DooPrime stands out by offering a simulated trading experience with a free virtual demo account, which Spreadex lacks. Both brokers offer proprietary platforms, but DooPrime also supports popular options like MetaTrader 4 and 5, while Spreadex does not. For desktop users, DooPrime provides a Windows-based trading platform, giving it a wider accessibility edge over Spreadex, which relies solely on web-based trading. Furthermore, DooPrime offers innovative features like copy trading, enabling users to mirror the trades of successful investors. Spreadex does not offer this functionality.
Both brokers allow trading directly from stock charts, though DooPrime provides a slightly richer charting experience with 15 drawing tools compared to Spreadex's 11. When it comes to watch list customization, Spreadex edges ahead with 8 columns to DooPrime’s 7. However, DooPrime holds a higher ranking for Trading Platforms and Tools, placing 25th out of 62 brokers on ForexBrokers.com, while Spreadex ranks 46th. Despite these differences, both brokers receive a solid 4-star rating for their trading platforms and tools, indicating a competitive yet distinct offering in the world of online trading.
| Feature |
DooPrime
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| 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 | 55 |
| 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.
Both DooPrime and Spreadex offer convenient mobile trading experiences with dedicated apps available for iPhones and Android devices. Users can access both platforms to receive stock or forex price alerts and create watchlists with real-time quotes. Despite their similarities, there are notable differences that set them apart. While both brokers allow drawing trendlines on charts and provide multiple time frame views, only DooPrime’s app auto-saves chart drawings. Additionally, DooPrime offers a substantial 30 technical studies for charting, a feature not quantified for Spreadex.
In terms of synchronization, neither DooPrime nor Spreadex supports watchlist symbol syncing between mobile apps and online accounts. Despite equal ratings of four out of five stars for their mobile trading capabilities, DooPrime takes a competitive edge with its higher ranking of 24th out of 62 brokers by ForexBrokers.com, compared to Spreadex's ranking at 49th. This ranks DooPrime as a more favorable choice for those seeking a comprehensive mobile trading experience, especially for traders who value charting tools and seamless usability.
| 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.
When comparing the online brokers DooPrime and Spreadex in terms of market research offerings, both provide daily market commentary and access to forex news from top-tier sources such as Bloomberg and Reuters. However, while DooPrime benefits from technical analysis tools offered by Trading Central, Spreadex lacks these resources but compensates with a sentiment-based trading tool that reveals the ratio of long or short positions across various trading instruments. Additionally, both platforms offer an economic calendar that tracks significant global events.
Despite their differences, both brokers are rated four out of five stars for research capabilities. ForexBrokers.com ranks DooPrime slightly higher at 29th place out of 62 brokers in the research category, with Spreadex following closely at 31st. Although neither offers tools from Autochartist, TipRanks, or Acuity Trading, they each provide a comprehensive research package that can support both beginner and experienced traders in making informed decisions.
| Feature |
DooPrime
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| 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 offering educational resources for beginners, both DooPrime and Spreadex have their strengths. DooPrime provides a solid foundation for those new to forex or CFD trading with a variety of educational materials, including over ten beginner-focused videos and advanced resources for experienced traders. However, DooPrime falls short in offering regular client webinars or a dictionary for investing terms. Despite this, it holds a strong educational rating of 4 stars and is ranked 24th out of 62 brokers in the Education category by ForexBrokers.com.
Spreadex, on the other hand, matches DooPrime in supplying a minimum of ten educational pieces and beginner-focused videos, making it a competitive choice for novices. While it lacks advanced trading video content, it compensates with a comprehensive investor dictionary, a useful tool for clarifying investment terms. Like DooPrime, Spreadex does not provide monthly webinars or an archive of recorded sessions. It also holds a 4-star rating for education but ranks lower at 45th out of 62 brokers according to ForexBrokers.com. Therefore, beginners can explore both platforms to find the specific resources that match their learning preferences.
| 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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| Research Gallery (click to expand) | |||
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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 | No | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 8 | |
| Charting - Indicators / Studies (Total) | 30 | 55 | |
| 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 | No | |
| 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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