Written by ForexBrokers.com
In this head to head comparison of ThinkMarkets 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.
ThinkMarkets, established in 2010, and DooPrime, founded in 2014, are both private online brokerage firms. Neither of them is publicly traded or operates as a bank. Based on ForexBrokers.com ratings, ThinkMarkets holds a high Trust Score of 92 out of 99, marking it as a highly trusted broker. Its regulatory framework is strengthened by five Tier-1 licenses and two Tier-2 licenses, setting it apart as a secure option for traders.
In contrast, DooPrime achieves a Trust Score of 83, placing it in the trusted category according to ForexBrokers.com standards. It holds four Tier-1 licenses but lacks Tier-2 licenses, providing a slightly lower regulatory stature compared to ThinkMarkets. While both brokers offer credible services, ThinkMarkets edges ahead in terms of trustworthiness and regulatory oversight.
| Feature |
ThinkMarkets
|
DooPrime
|
|---|---|---|
| Year Founded | 2010 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 5 | 4 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 3 |
When comparing the online brokers ThinkMarkets and DooPrime, it's important to take a close look at their commissions and fees, as these can significantly impact your trading costs. While both brokers don't provide specific average spread data, ThinkMarkets has earned a solid reputation with a 4-star rating in this category. It is ranked #48 out of 62 brokers by ForexBrokers.com for its commissions and fees, indicating a competitive pricing structure that appeals to many traders.
On the other hand, DooPrime is rated 3 stars for its commissions and fees, reflecting a less favorable cost structure compared to ThinkMarkets. Ranked #58 out of 62 brokers by ForexBrokers.com, DooPrime may offer trading conditions suitable for certain strategies, but it generally places lower in terms of affordability and cost efficiency.
In summary, while both ThinkMarkets and DooPrime offer trading platforms without specific average spread data, ThinkMarkets stands out with a higher star rating and a better ranking for commissions and fees. This comparison can guide traders in making informed decisions based on cost considerations.
| Feature |
ThinkMarkets
|
DooPrime
|
|---|---|---|
| Minimum Deposit | $50 | $100 |
| Average Spread EUR/USD - Standard | 1.1 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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.
ThinkMarkets and DooPrime both offer forex trading as CFDs or spot contracts, but they differ significantly in the breadth of tradeable symbols and forex pairs. While ThinkMarkets provides access to 4,000 tradeable symbols and 46 forex pairs, DooPrime impresses with an offering of 10,000 tradeable symbols and 60 forex pairs. These differences contribute to their overall investment range ratings, with DooPrime standing out as a strong choice for those seeking extensive trading options, earning a top score of 5 stars compared to ThinkMarkets' 4.5 stars.
When it comes to exchange-traded securities, DooPrime allows investors to trade U.S. stocks, granting access to companies like Apple, which ThinkMarkets does not offer. However, both brokers allow trading of international exchange-traded securities such as Vodafone shares. Copy trading is supported by both platforms, but they diverge again in the cryptocurrency segment, where ThinkMarkets offers cryptocurrency derivatives, unlike DooPrime. Overall, these distinctions position DooPrime as a preferred option for investors who value a comprehensive range of assets, as evidenced by its higher ranking in the Range of Investments category by ForexBrokers.com.
| Feature |
ThinkMarkets
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4000 | 10000 |
| Forex Pairs (Total) | 46 | 60 |
| U.S. Stock Trading (Non CFD) | No | 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 trading platforms and tools offered by ThinkMarkets and DooPrime, both brokers provide valuable resources for their clients. Each offers simulated (paper) trading with a free virtual demo account, enabling traders to practice risk-free. They each boast proprietary platforms developed in-house, alongside compatibility with popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Users have access to both Windows-based desktop download and web-based browser trading platforms with these brokers. Additionally, traders can engage in copy trading through both ThinkMarkets and DooPrime, although neither offer ZuluTrade or DupliTrade for social trading.
In terms of charting capabilities, both brokers equip traders with an identical set of 15 drawing tools and the convenience of trading directly from stock charts. For organizing market insights, ThinkMarkets offers more with 15 columns for watch lists compared to DooPrime's 7. Both brokers are rated 4 out of 5 stars for their trading platforms and tools. According to ForexBrokers.com, ThinkMarkets ranks 28th, just below DooPrime, which ranks 25th out of 62 evaluated brokers in this category. Whether choosing ThinkMarkets or DooPrime, traders can expect a comprehensive suite of tools to enhance their trading experience.
| Feature |
ThinkMarkets
|
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) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 15 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of ThinkMarkets and DooPrime, both brokers offer apps compatible with iPhone and Android devices and feature price alerts for stocks or forex. Users can create real-time quote watchlists on both platforms, ensuring they stay updated with the latest market trends. However, neither ThinkMarkets nor DooPrime provides watchlist symbol syncing, so changes made on mobile won't reflect on the online account automatically. On the charting front, ThinkMarkets offers more comprehensive tools with 94 technical studies available, compared to DooPrime's 30. Both apps allow users to draw trendlines and view multiple time frames, such as daily, weekly, or intraday, with autosaved drawings enhancing the user experience.
ThinkMarkets holds a slight edge over DooPrime in terms of rankings and user ratings for mobile trading apps. While both platforms are rated four out of five stars, ThinkMarkets secures the 20th position out of 62 brokers on ForexBrokers.com, whereas DooPrime is placed at 25th. This suggests a minor preference among users for ThinkMarkets, possibly due to its more extensive range of technical studies and superior charting capabilities. Overall, both platforms provide solid mobile trading options, with ThinkMarkets slightly ahead in terms of features and recognition.
| Feature |
ThinkMarkets
|
DooPrime
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 94 | 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 ThinkMarkets and DooPrime, both brokers offer essential resources for market research, including daily market commentary and forex news from reputable sources like Bloomberg and Reuters. Both platforms also provide an economic calendar, ensuring that traders have the necessary tools to stay updated on global events. However, differences arise in their specialized tools where DooPrime offers technical analysis tools from Trading Central, while ThinkMarkets provides sentiment-based trading tools and research options from Acuity Trading.
In terms of ratings and rankings for research, DooPrime edges ahead with a 4-star rating, compared to ThinkMarkets' 3.5 stars. Additionally, DooPrime ranks 29th out of 62 brokers according to ForexBrokers.com, showcasing a stronger position over ThinkMarkets, which holds the 50th spot. Overall, both brokers deliver substantial market research opportunities, although DooPrime may offer a slightly more comprehensive suite, particularly for technical analysis enthusiasts.
| Feature |
ThinkMarkets
|
DooPrime
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both ThinkMarkets and DooPrime provide a solid foundation for learning about forex and CFDs, each offering a minimum of ten educational materials such as articles and videos. However, ThinkMarkets stands out by hosting monthly webinars specifically for their clients, alongside maintaining an easily accessible archive of past sessions for continued learning. This can be particularly beneficial for those who value live interaction and the option to revisit previous lessons at their own pace.
In addition to these resources, both brokers offer a comprehensive suite of educational videos tailored to both newcomers and more seasoned traders, with each providing at least ten videos per skill level. ThinkMarkets, though, offers a unique advantage with an investor dictionary featuring over 50 terms, aiding those who are newer to the trading landscape in understanding key concepts. Despite ThinkMarkets having a slightly lower education rating and ranking than DooPrime, their diverse range of learning tools, especially the live and archived webinars, can provide valuable support for beginners looking to deepen their understanding of trading.
| Feature |
ThinkMarkets
|
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 ThinkMarkets is better than DooPrime. ThinkMarkets finished with an overall rank of #27, while DooPrime finished with an overall rank of #28.
ThinkMarkets has multiple regulatory license and offers a proprietary trading platform, as well as the entire MetaTrader suite. The broker has made progress in key areas, such as research and education, and the range of markets available, although trails behind the best brokers in these categories.
| Feature |
ThinkMarkets
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DooPrime
|
|---|---|---|
| Overall Rating |
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| Trust Score | 92 | 83 |
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ThinkMarkets allows users to trade cryptocurrency derivatives but not actual cryptocurrency, while DooPrime does not offer either actual cryptocurrency trading or cryptocurrency derivatives.
ThinkMarkets and DooPrime both support Skrill, Visa, Mastercard, and bank wire transactions for depositing and withdrawing account funds, but only DooPrime offers PayPal, while neither broker provides ACH or SEPA transfer options.
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 | ThinkMarkets | DooPrime | |
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| Trust Score | 92 | 83 | |
| Winner | check_circle | ||
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| Broker Screenshots | ThinkMarkets | DooPrime | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | ThinkMarkets | DooPrime | |
|---|---|---|---|
| Trust Score | 92 | 83 | |
| Year Founded | 2010 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | 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 | 3 | 3 |
| Tier-1 Licenses (Highly Trusted) | ThinkMarkets | DooPrime | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | Yes | 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) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | ThinkMarkets | 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 | ThinkMarkets | DooPrime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4000 | 10000 | |
| Forex Pairs (Total) | 46 | 60 | |
| U.S. Stock Trading (Non CFD) | No | 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 | ThinkMarkets | DooPrime | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | 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 | ThinkMarkets | DooPrime | |
|---|---|---|---|
| Minimum Deposit | $50 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | ThinkMarkets | 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 | ThinkMarkets | DooPrime | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 15 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | ThinkMarkets | 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 | 94 | 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 | ThinkMarkets | DooPrime | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | ThinkMarkets | 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 | ThinkMarkets | 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 |
| Overall | ThinkMarkets | DooPrime | |
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| Trust Score | 92 | 83 | |
| Winner | check_circle | ||
| Review |
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