Written by ForexBrokers.com
In this head to head comparison of Swissquote 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.
Swissquote, founded in 1996, is a well-established online broker that stands out due to its position as a publicly traded bank. It boasts a stellar reputation for trustworthiness, securing the highest trust score of 99 from ForexBrokers.com. This broker holds five Tier-1 licenses, which are regarded as highly trustworthy, along with two Tier-2 licenses considered trusted. These credentials underline Swissquote's strong regulatory framework and financial stability, making it a highly trusted choice for traders seeking reliability and peace of mind.
In contrast, DooPrime, which entered the online brokerage scene in 2014, is not publicly traded and does not operate as a bank. While it holds four Tier-1 licenses indicating a good level of trust, the absence of Tier-2 licenses points to fewer trusted industry endorsements. DooPrime's trust score of 83 places it in the trusted category, yet it trails behind Swissquote when it comes to regulatory reliability. Despite this, DooPrime remains a viable broker for many traders, particularly those looking for newer market participants with a solid trust rating.
| Feature |
Swissquote
|
DooPrime
|
|---|---|---|
| Year Founded | 1996 | 2014 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 4 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 3 |
When comparing the commissions and fees of Swissquote and DooPrime, Swissquote stands out for its affiliation with a Swiss banking institution, which unfortunately comes at a cost. Swissquote charges higher trading fees that aren't the most competitive in the forex market. The broker offers different spreads and fees across its three entities: Swissquote Ltd in the U.K., Swissquote Bank Ltd in Switzerland, and Swissquote Bank Europe SA in Luxembourg. Among these, the U.K. accounts present relatively lower costs alongside lighter deposit requirements, albeit with fewer product options.
Swissquote's four account types in the U.K. offer varied pricing, with the Elite account suited for active traders willing to deposit at least $10,000, offering lower spreads and a $5 charge per round-turn trade. On the other hand, DooPrime provides a straightforward fee structure, but lacks available average spread data, which could impede cost comparisons. In Luxembourg, Swissquote's pricing is consistent with its U.K. operations, while the Switzerland branch lists spreads starting slightly above the market average. Custom pricing based on trading volume is available for active Swiss traders.
In terms of ratings, Swissquote scores 3.5 out of 5 stars from ForexBrokers.com in the commissions and fees category, placing it at rank 52 out of 62. Meanwhile, DooPrime receives a slightly lower rating of 3 stars, securing the 58th spot. Both brokers have room for improvement in offering more competitive trading costs. Swissquote may be appealing for those seeking to bank with a Swiss institution, but for cost-focused traders, its fees may not be the most attractive.
| Feature |
Swissquote
|
DooPrime
|
|---|---|---|
| Minimum Deposit | $1000 | $100 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | 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 Swissquote and DooPrime for their range of investment options, both online brokers offer diverse trading opportunities. Swissquote and DooPrime provide forex trading as CFDs or spot contracts, catering to forex traders' preferences. While DooPrime impresses with a vast array of 10,000 tradeable symbols compared to Swissquote's 472, Swissquote stands out with 80 forex pairs available against DooPrime's 60. Both platforms allow clients to buy exchange-traded securities from U.S. and international exchanges, enabling investments in popular shares like Apple and Vodafone. Furthermore, copy trading is available on both platforms, allowing investors to mimic successful strategies.
For cryptocurrency enthusiasts, Swissquote holds an advantage as it offers both actual and derivative cryptocurrency options, unlike DooPrime, which does not provide these financial products. Despite these differences, both brokers receive a high rating of five stars for their range of investments. Notably, Swissquote ranks higher at #2 against DooPrime's #12 in the Range of Investments category according to ForexBrokers.com, reflecting a broader recognition of Swissquote's investment offerings.
| Feature |
Swissquote
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 10000 |
| Forex Pairs (Total) | 80 | 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) | Yes | 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 Swissquote and DooPrime for trading platforms and tools, both brokers stand out by offering a wide range of options, ensuring flexibility for traders. Both provide simulated trading with a virtual demo account, and each has developed its own proprietary platform. Windows-based desktop platforms are available with both brokers, as well as web-based trading platforms. They both also support popular trading software options like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). For traders interested in copy trading, Swissquote and DooPrime both have this feature. However, neither broker offers DupliTrade or ZuluTrade.
Swissquote leads in charting tools with 75 drawing tools compared to DooPrime's 15, and provides a more extensive offering for watch lists with 11 fields against DooPrime’s 7. Both brokers allow trades directly from stock charts, simplifying the trading process. In terms of ratings, Swissquote scores higher with 4.5 out of 5 stars, ranking 12th out of 62 brokers on ForexBrokers.com, while DooPrime receives 4 stars and ranks 25th. This reflects Swissquote’s slightly stronger reputation in the trading platforms and tools category.
| Feature |
Swissquote
|
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 | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 86 | 30 |
| Charting - Drawing Tools (Total) | 75 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Swissquote and DooPrime, both platforms provide solid options for traders on the go. Swissquote and DooPrime each offer apps for iPhone and Android, ensuring access to their services no matter your device preference. Both apps allow users to set up price alerts and draw trend lines, keeping traders informed and engaged. Additionally, they both allow for real-time watchlist creation, although neither platform offers syncing of these watchlists across devices. For those who rely on technical analysis, each app supports 30 technical studies, alongside features like automatic saving of chart drawings and the ability to view various time frames.
Beyond features, the user experience and market ranking set these apps apart. Swissquote earns a slightly higher rating of 4.5 stars compared to DooPrime’s 4 stars, suggesting a marginally more favorable user response. Additionally, Swissquote holds a respectable #11 ranking out of 62 brokers in the Mobile Trading Apps category according to ForexBrokers.com, while DooPrime is placed at #25. This might suggest that experienced traders could lean towards Swissquote for slightly better satisfaction, whereas DooPrime still remains a viable and competitive option.
| Feature |
Swissquote
|
DooPrime
|
|---|---|---|
| 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.
When comparing Swissquote and DooPrime for market research offerings, both online brokers deliver daily market commentary and provide forex news from leading sources like Bloomberg and Reuters. Swissquote leverages its collaboration with Autochartist to equip traders with technical analysis tools, while DooPrime prefers Trading Central's suite of analytics. However, neither broker offers sentiment-based trading tools, nor do they integrate insights from TipRanks or research tools from Acuity Trading.
Both Swissquote and DooPrime offer users an economic calendar to track significant global news events affecting various markets. Although both brokers receive a solid four-star rating for their research capabilities, Swissquote holds a competitive edge by securing the 16th rank in ForexBrokers.com's research category, compared to DooPrime's 29th rank among 62 brokers. This positioning might make Swissquote a preferred choice for those valuing specific research features and overall reputation.
| Feature |
Swissquote
|
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 | No | 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, Swissquote stands out by offering a wide range of materials designed to enhance learning. Not only does Swissquote provide more than 10 educational pieces focused on forex and CFDs, but it also hosts online educational webinars every month, and maintains a searchable archive of past webinars. Beginners can benefit from 10 or more beginner-focused trading videos and an extensive investor dictionary that explains over 50 investing terms. This comprehensive approach earns Swissquote a commendable 4-star rating in education and secures it a #21 ranking among 62 brokers according to ForexBrokers.com.
On the other hand, DooPrime matches Swissquote in offering more than 10 beginner educational videos and providing educational materials on forex and CFDs. However, it does not organize monthly webinars or keep a searchable webinar archive, which might limit some learning opportunities for users looking for ongoing guidance. Additionally, the absence of a detailed investor dictionary could be a drawback for those new to trading terminologies. Despite these limitations, DooPrime still achieves a 4-star education rating and ranks at #25 overall in the education category according to ForexBrokers.com, suggesting that it remains a solid choice for beginners seeking a foundational understanding of trading.
| Feature |
Swissquote
|
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 Swissquote is better than DooPrime. Swissquote finished with an overall rank of #11, while DooPrime finished with an overall rank of #28.
Traders choose Swissquote for its quality research and vast multi-asset offering – as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.
| Feature |
Swissquote
|
DooPrime
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 83 |
| Range of Investments |
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Swissquote provides the ability to purchase both actual delivered cryptocurrency and cryptocurrency derivatives, while DooPrime does not offer the purchase of actual delivered cryptocurrency or cryptocurrency derivatives.
Swissquote and DooPrime both support PayPal, Skrill, Visa, Mastercard, and bank wire transfers for account transactions, but only Swissquote offers additional options with ACH or SEPA transfers, enhancing its flexibility when it comes to funding accounts or withdrawing funds.
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 | Swissquote | DooPrime | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | Swissquote Review |
| Broker Screenshots | Swissquote | DooPrime | |
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| Regulation | Swissquote | DooPrime | |
|---|---|---|---|
| Trust Score | 99 | 83 | |
| Year Founded | 1996 | 2014 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 5 | 4 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 3 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | DooPrime | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | Yes | |
| Japan (SFC Authorised) | No | 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) | Swissquote | DooPrime | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Swissquote | DooPrime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 10000 | |
| Forex Pairs (Total) | 80 | 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) | Yes | 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 | Swissquote | DooPrime | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Swissquote | DooPrime | |
|---|---|---|---|
| Minimum Deposit | $1000 | $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 | Swissquote | 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Swissquote | DooPrime | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 86 | 30 | |
| Charting - Drawing Tools (Total) | 75 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | DooPrime | |
|---|---|---|---|
| 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 | Swissquote | 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 | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | 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 | Swissquote | 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 | Swissquote Review |
| Overall | Swissquote | DooPrime | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | Swissquote Review |
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