Written by ForexBrokers.com
In this head to head comparison of DooPrime vs TMGM, 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.
DooPrime and TMGM are two reputable online brokers with similar Trust Scores of 83, as rated by ForexBrokers.com. Despite both brokers being founded in the early 2010s, neither is publicly traded nor operates as a bank. DooPrime was established in 2014, while TMGM started its operations in 2013. Both brokers are considered "trusted" based on their Trust Scores, indicating a secure trading environment for their clients.
When it comes to regulatory compliance, DooPrime holds an advantage with four Tier-1 licenses, which signals a higher level of trustworthiness and oversight. In comparison, TMGM holds two Tier-1 licenses. Neither broker has Tier-2 licenses, which also sit in the trusted category. This regulatory standing shows that while both brokers offer a trusted service, DooPrime may provide a slight edge in regulatory credibility.
| Feature |
DooPrime
|
TMGM
|
|---|---|---|
| Year Founded | 2014 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 2 |
When comparing the commissions and fees between DooPrime and TMGM, there are notable differences that might sway your decision. DooPrime currently lacks average spread data, making it difficult for traders to fully assess their trading costs. With a rating of 3 out of 5 stars for commissions and fees, DooPrime ranks 58th out of 62 brokers according to ForexBrokers.com, highlighting that there may be more cost-effective options available for traders.
On the other hand, TMGM offers competitive commission rates, particularly with its commission-based Edge account. This account charges a modest $3.50 per side (or $7 per round trip) on trades, along with low prevailing spreads. However, like DooPrime, TMGM does not currently publish recent average spread data for pairs like EUR/USD, which can be a useful metric for understanding complete trading costs. Nonetheless, TMGM earns a higher rating of 4 out of 5 stars for commissions and fees, ranking 35th out of 62 brokers.
With TMGM, traders can choose between the spread-only Classic account and the Edge account, which might be more appealing given its low commission structure. Additionally, TMGM offers Sharia-compliant accounts exclusively through the Edge account, accommodating Islamic finance customers. These account options provide traders with flexibility in how they manage their trading costs, a potential advantage over DooPrime.
| Feature |
DooPrime
|
TMGM
|
|---|---|---|
| Minimum Deposit | $100 | $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 | No | No |
| ACH or SEPA Transfers | No | 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 it comes to the range of investments available, DooPrime and TMGM both cater to forex traders by offering forex trading as a CFD or spot contract. DooPrime provides access to 10,000 tradeable symbols and 60 forex pairs, while TMGM surpasses that with 12,000 tradeable symbols and 62 forex pairs. If you’re looking to invest in exchange-traded securities, DooPrime stands out by offering direct access to both U.S. and international exchanges, enabling clients to buy shares like Apple and Vodafone. In contrast, TMGM does not provide this option for direct securities trading.
Both brokers support copy trading, allowing users to mirror successful strategies. However, their offerings diverge in cryptocurrency access; TMGM offers cryptocurrency derivatives, while DooPrime does not facilitate crypto trading in any form. DooPrime receives a high rating of 5 stars for its range of investments, ranking 12th out of 62 brokers, while TMGM earns 4.5 stars and is ranked 17th. This comparison highlights the unique strengths of each platform for investors considering their options.
| Feature |
DooPrime
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 12000 |
| Forex Pairs (Total) | 60 | 62 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| 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 it comes to choosing between DooPrime and TMGM for trading platforms and tools, both brokers offer several attractive features for traders. Both provide simulated or paper trading through a free virtual demo account, allowing users to practice without financial risk. Additionally, they each support popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while also offering web-based platforms and Windows desktop downloads. If you have an interest in copy trading, both brokers have you covered. However, DooPrime stands out by offering its own proprietary platform, which TMGM does not.
Charting capabilities are similar for both brokers, with each offering 15 drawing tools and the ability to trade directly from stock charts. They are also equal in providing seven columns for watch lists. In terms of ratings, both DooPrime and TMGM score four stars for their trading platforms and tools, though DooPrime ranks higher at #25 compared to TMGM's #48 in the category according to ForexBrokers.com. Neither broker supports DupliTrade or ZuluTrade, which may be relevant for traders looking for these specific features.
| Feature |
DooPrime
|
TMGM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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 | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both DooPrime and TMGM offer seamless experiences for iPhone and Android users. These apps provide essential features like stock or forex price alerts, the ability to draw trendlines, and the option to view charts in various time frames, such as daily, weekly, or intraday options. Each platform's mobile app includes 30 technical studies for chart analysis and the ability to create a watchlist with real-time quotes. While both apps excel in offering these features, neither supports watchlist symbol syncing, meaning changes in the mobile app do not sync automatically with the online account.
Evaluations of their mobile app offerings place DooPrime and TMGM on a reasonably equal footing, with both receiving a 4-star rating from users. However, DooPrime gains a competitive edge in rankings, holding the 25th spot among 62 brokers as per ForexBrokers.com, compared to TMGM's 46th placement. This ranking difference may reflect subtle distinctions in user satisfaction or app usability, offering a consideration point for traders trying to decide between these two brokers for their mobile trading needs.
| Feature |
DooPrime
|
TMGM
|
|---|---|---|
| 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 DooPrime and TMGM for market research offerings, both brokers provide daily market commentary and access to forex news from prestigious sources like Bloomberg, Reuters, and Dow Jones. They also share access to Trading Central's technical analysis tools; however, neither offers resources from Autochartist or market research from TipRanks. Notably, only TMGM provides a sentiment-based trading tool and research tools from Acuity Trading, such as the Signal Centre. Both brokers feature an economic calendar to keep traders informed about global economic events.
In terms of research quality, DooPrime has a slight edge with a 4-star rating, while TMGM holds a 3.5-star rating. According to ForexBrokers.com's rankings, DooPrime is placed at #29 out of 62 brokers for research, significantly higher than TMGM, which stands at #53. This suggests that while both brokers offer valuable resources, DooPrime is considered superior in terms of overall research capabilities.
| Feature |
DooPrime
|
TMGM
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
DooPrime stands out in its educational offerings for beginners by providing a collection of more than 10 educational materials focused on forex and CFDs, making it a reliable choice for newcomers looking to learn about trading. Additionally, they offer over 10 beginner-friendly videos and advanced trading topics, ensuring a well-rounded educational experience. However, DooPrime does not offer monthly webinars or a searchable archive of past webinars, which could be a limitation for learners who flourish in interactive settings or wish to revisit past content. Despite these lacks, DooPrime's educational resources are rated 4 stars out of 5, ranking it 25th out of 62 brokers in the Education category on ForexBrokers.com.
In comparison, TMGM takes a different approach. While they do not match the extensive educational resources in terms of articles and videos for beginners that DooPrime offers, TMGM provides a valuable resource with their searchable archive of client webinars and an investor dictionary with definitions of over 50 investing terms. This feature can be highly beneficial for beginners seeking to expand their understanding of trading jargon. TMGM does not provide regular client webinars or comprehensive beginner or advanced video series, which could be seen as a gap in their educational support. With an educational rating of 3.5 stars and a ranking of 54th in the same category, TMGM may fulfill the needs of some learners but does not offer the same depth of educational content as DooPrime.
| Feature |
DooPrime
|
TMGM
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| 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 TMGM. DooPrime finished with an overall rank of #28, while TMGM finished with an overall rank of #37.
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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TMGM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 83 |
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While both DooPrime and TMGM do not provide the option to purchase actual cryptocurrencies (delivered), unlike DooPrime, TMGM does offer the ability to trade cryptocurrency derivatives.
Both DooPrime and TMGM provide options for depositing or withdrawing account funds via PayPal, Skrill, Visa or Mastercard, and bank wires, but neither support 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 | TMGM | |
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| Trust Score | 83 | 83 | |
| Winner | check_circle | ||
| Review | TMGM Review |
| Broker Screenshots | DooPrime | TMGM | |
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| Regulation | DooPrime | TMGM | |
|---|---|---|---|
| Trust Score | 83 | 83 | |
| Year Founded | 2014 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 2 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | TMGM | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| 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 | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | DooPrime | TMGM | |
|---|---|---|---|
| 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 | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 12000 | |
| Forex Pairs (Total) | 60 | 62 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| 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 | TMGM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | TMGM | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | No | No |
| Trading Platforms | DooPrime | TMGM | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | DooPrime | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 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 | DooPrime | TMGM | |
|---|---|---|---|
| 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 | DooPrime | TMGM | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | TMGM | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | DooPrime | TMGM | |
|---|---|---|---|
| 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 | TMGM Review |
| Overall | DooPrime | TMGM | |
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| Trust Score | 83 | 83 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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