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.
ThinkMarkets and DooPrime both cater well to traders looking for flexible and comprehensive trading platforms. Each broker offers simulated trading through free virtual demo accounts, giving users a risk-free way to test strategies. Both brokers have developed their own proprietary platforms while supporting popular tools such as MetaTrader 4 and MetaTrader 5, available for Windows download and web-based use. For copy trading enthusiasts, both platforms provide this option, though neither broker supports DupliTrade or ZuluTrade. ThinkMarkets and DooPrime each supply 15 drawing tools for charting and allow users to trade directly from a stock chart, ensuring a rich and seamless trading experience.
When it comes to customization, there are subtle differences between ThinkMarkets and DooPrime. ThinkMarkets allows for more detailed watch lists with 15 columns compared to DooPrime’s 7 columns. However, both platforms have received favorable ratings of four stars for their trading platforms and tools. In rankings by ForexBrokers.com, DooPrime slightly edges out ThinkMarkets, placing 25th among 62 brokers, while ThinkMarkets holds the 27th spot. These brokers are neck and neck, making them solid contenders for those who value a robust trading environment with a variety of tools and functionalities.
| 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.
Both ThinkMarkets and DooPrime offer mobile trading apps for iPhone and Android users. These apps provide necessary features like stock and forex price alerts, the ability to draw trendlines on charts, and view multiple time frames for your trading needs. One key difference is the number of technical studies available: ThinkMarkets offers an impressive 94, while DooPrime provides 30. However, neither broker offers watchlist symbol syncing between the mobile app and online account, which could be a consideration for those who value seamless integration.
With both apps having the ability to auto-save chart drawings and create watchlists with real-time quotes, they are convenient tools for traders on the go. In terms of user ratings, both ThinkMarkets and DooPrime earn a solid 4 out of 5 stars for their mobile trading apps. According to ForexBrokers.com, ThinkMarkets ranks at #20 and DooPrime at #24 out of 62 brokers, reflecting a slightly higher ranking for ThinkMarkets. These details can guide you in choosing the app that best suits your trading habits and preferences.
| 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 comparing ThinkMarkets to DooPrime in terms of educational resources available to novice traders, both platforms demonstrate strong support with over ten educational materials each, covering vital subjects such as forex and CFDs. ThinkMarkets offers regular monthly webinars, providing clients the opportunity to engage with experts in real-time, a feature that DooPrime does not provide. Additionally, ThinkMarkets makes recorded webinars accessible through a searchable archive, whereas DooPrime lacks this feature. For beginners seeking visual learning aids, both brokers offer a substantial collection of educational videos tailored specifically for those just starting out.
Advanced traders aren't left out either, as both ThinkMarkets and DooPrime present more than ten educational videos aimed at nurturing more experienced traders. However, ThinkMarkets offers an investor dictionary with definitions of over 50 investing terms, a valuable resource that DooPrime does not feature. Despite ThinkMarkets' comprehensive educational offerings, it is rated at 3.5 stars for education, ranking 52nd out of 62 brokers by ForexBrokers.com, while DooPrime, with a 4-star rating, places significantly higher at 24th. This suggests a perceived higher quality or usability of DooPrime's educational content among users, despite ThinkMarkets' broader range of resources.
| 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 | |
|---|---|---|---|
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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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