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, established in 1996, is a well-regarded online broker known for its solid reputation and extensive regulatory oversight. As a publicly traded company and a licensed bank, Swissquote holds a perfect Trust Score of 99, making it highly trusted by industry standards. It boasts 5 Tier-1 licenses and 1 Tier-2 license, reflecting its strong regulatory standing and commitment to client security.
On the other hand, DooPrime, which launched in 2014, is a newer player in the online brokerage space. It is not publicly traded and operates without the backing of a banking license. However, DooPrime holds 4 Tier-1 licenses, which contributes to a commendable Trust Score of 83, positioning it in the trusted category. While DooPrime does not have any Tier-2 licenses, its Tier-1 credentials highlight its regulatory compliance and reliability in the industry.
| Feature |
Swissquote
|
DooPrime
|
|---|---|---|
| Year Founded | 1996 | 2014 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 4 |
| Tier-2 Licenses | 1 | 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.
Swissquote and DooPrime both offer robust trading platforms and a suite of tools designed to cater to traders' needs, but there are some differences worth noting. Both brokers provide simulated trading through free virtual demo accounts, allowing beginners to practice and gain confidence without financial risk. Traders can also enjoy the flexibility of proprietary platforms on these brokers, along with the well-known MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Additionally, each broker offers Windows-based desktop and web-based trading options, catering to a wide range of user preferences.
Copy trading is accessible through both Swissquote and DooPrime, although neither offers integration with DupliTrade or ZuluTrade. When it comes to charting tools, Swissquote leads with 75 drawing tools compared to DooPrime's 15. Traders who rely on detailed watch lists may prefer Swissquote, as it allows for 11 columns to DooPrime’s 7. Overall, Swissquote ranks higher with a 4.5-star rating, placing them at #11 in the Trading Platforms and Tools category according to ForexBrokers.com, while DooPrime holds a 4-star rating and a #25 ranking. These distinctions may influence the decision of traders seeking specific features or higher levels of customization in their trading experience.
| 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.
Both Swissquote and DooPrime offer comprehensive mobile trading apps available for iPhone and Android devices, making them accessible to a wide range of users. Their apps provide essential features like stock and forex price alerts, and the ability to draw trendlines on charts, offering users a full toolkit for informed trading. While both apps allow viewing multiple time frames on charts and automatically saving drawings, they also provide the capability to create watchlists with real-time quotes. However, neither app currently supports syncing watchlist symbols between the mobile app and the client’s online account, which may be a consideration for those who frequently switch between platforms.
When it comes to technical analysis, both Swissquote and DooPrime offer 30 technical studies in their mobile apps, providing ample resources for detailed market evaluation. Despite similar functionalities, Swissquote holds a slight edge with a 4.5-star rating compared to DooPrime's 4-star rating. Furthermore, Swissquote is ranked higher at #10 in the Mobile Trading Apps category by ForexBrokers.com, while DooPrime is positioned at #24. These rankings reflect user satisfaction and the overall quality of the mobile trading experience offered by each broker.
| 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 comparing Swissquote and DooPrime for educational resources aimed at beginners, both brokers offer a comprehensive variety of materials including articles, videos, and archived webinars centered on forex and CFDs, ensuring a solid foundation for novice traders. However, Swissquote takes the lead with monthly online educational webinars and a searchable archive of recorded sessions, features not available with DooPrime. Both provide a series of videos tailored for beginners as well as advanced traders, catering to a wide range of learning needs.
Swissquote stands out by offering an investor dictionary, providing definitions for over 50 investing terms, a tool that is missing from DooPrime's offerings. Despite these differences, both brokers receive a four-star rating for education, indicating strong educational support for their clients. However, Swissquote is ranked slightly higher, coming in at 21st place compared to DooPrime’s 24th out of 62 brokers evaluated by ForexBrokers.com, reflecting its broader array of educational features.
| 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 |
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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 | 1 | 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) | No | 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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