Written by ForexBrokers.com
In this head to head comparison of DooPrime vs TopFX, 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.
Founded in 2014, DooPrime is a relatively new player in the online brokerage field compared to TopFX, which was established in 2010. Neither of these brokers is publicly traded or operates as a bank. When it comes to regulatory oversight, DooPrime stands out with four Tier-1 licenses, which are highly trusted according to ForexBrokers.com ratings. This contributes to its solid Trust Score of 83 out of 99, placing it in the "trusted" category.
In contrast, TopFX, which has been in the industry for a decade, holds one Tier-1 license, and its Trust Score of 67 reflects a "high risk" category. The difference in tiered licensing and Trust Scores indicates a significant divergence in how these brokers are perceived in terms of reliability and trustworthiness by ForexBrokers.com. While both brokers offer online trading services, DooPrime's higher number of Tier-1 licenses may offer more assurance to clients seeking a trusted broker.
| Feature |
DooPrime
|
TopFX
|
|---|---|---|
| Year Founded | 2014 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When comparing the commissions and fees of DooPrime and TopFX, it's evident that both brokers offer distinct cost structures tailored to different trading styles. DooPrime, with no available average spread data, has a commissions and fees rating of 3 stars, ranking 58th out of 62 brokers according to ForexBrokers.com. This suggests that DooPrime might benefit from more competitive or transparent pricing to appeal to cost-conscious traders.
In contrast, TopFX is rated higher with 4 stars for its commissions and fees, placing 40th out of 62 brokers in the same category. TopFX provides two account types, both on the MetaTrader and cTrader platforms. The ZERO account is commission-free but has relatively higher average spreads of 1.03 pips for EUR/USD as of July 2024. Meanwhile, the RAW account charges a commission of 2.75 EUR per side, with an average spread of 0.33 pips for EUR/USD, leading to an all-in cost of approximately 0.88 pips. This positions TopFX's RAW account as relatively competitive in terms of pricing, aligning with industry averages.
| Feature |
DooPrime
|
TopFX
|
|---|---|---|
| Minimum Deposit | $100 | Depends on payment method |
| Average Spread EUR/USD - Standard | N/A | 1.03 |
| All-in Cost EUR/USD - Active | N/A | 0.88 |
| 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 comparing the available range of investments between DooPrime and TopFX, DooPrime stands out with a notable variety. It offers access to 10,000 tradeable symbols, a significant jump from the 655 symbols available at TopFX. Both platforms provide 60 tradeable forex pairs and facilitate forex trading as CFDs or spot contracts. However, DooPrime goes a step further by allowing clients to invest in actual exchange-traded securities on both U.S. and international exchanges, such as buying Apple shares on NASDAQ or Vodafone on the London Stock Exchange, options which TopFX does not provide.
Both brokers support copy trading, catering to users interested in emulating successful traders. While neither offers the ability to buy actual delivered cryptocurrency, TopFX has an edge by offering cryptocurrency derivatives, unlike DooPrime. In terms of rankings and ratings, DooPrime excels with a 5-star rating for its range of investments and ranks #12 out of 62 brokers, while TopFX has a 3.5-star rating and ranks at #46, clearly indicating DooPrime's broader appeal and versatility for investors.
| Feature |
DooPrime
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 655 |
| Forex Pairs (Total) | 60 | 60 |
| 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 comparing the trading platforms and tools of DooPrime and TopFX, both brokers provide traders with the option of simulated trading through free virtual demo accounts. DooPrime stands out by offering a uniquely developed in-house platform, while TopFX does not have its own proprietary platform. Both brokers set the stage for seamless trading with their Windows-based desktop platforms and web-based trading options. In terms of popular MetaTrader platforms, DooPrime offers both MT4 and MT5, whereas TopFX only supports MT4. For those interested in copy trading, you'll find options with both companies, yet neither provides additional services like DupliTrade or ZuluTrade.
Chart enthusiasts will appreciate the identical charting capabilities offered by DooPrime and TopFX, with each providing 15 drawing tools and multiple technical indicators, although the exact number isn't specified. The ability to initiate trades directly from stock charts is available with both brokers, adding an edge to real-time trading decisions. Both platforms allow for customized watch lists with 7 columns for monitoring key market data. Despite these similarities, DooPrime holds a slightly higher rank for its trading platforms and tools, coming in at #25 out of 62 brokers according to ForexBrokers.com, while TopFX is positioned at #44. Both brokers receive an impressive 4-star rating for their trading platforms and tools, showcasing a competitive edge in the market.
| Feature |
DooPrime
|
TopFX
|
|---|---|---|
| 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 | No |
| 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 TopFX offer reliable solutions for traders on the go. They each provide apps for iPhone and Android devices, ensuring accessibility for a wide audience. Both platforms allow traders to receive price alerts for stocks and forex, helping users stay informed of market changes. However, it's worth noting that neither broker supports watchlist symbol syncing between their apps and online accounts. Additionally, each app boasts 30 technical studies for chart analysis, the ability to draw trendlines, view multiple time frames, and create watchlists with real-time quotes. Both apps also feature auto-saving for drawings to make sure your analysis is preserved.
In terms of ratings and rankings, DooPrime and TopFX both garner a commendable four-star rating for their mobile trading apps. Yet, DooPrime takes a noticeable lead in rankings, securing the 24th spot out of 62 brokers on ForexBrokers.com, compared to TopFX's 51st position. This suggests that while both platforms offer similar functionalities, DooPrime may have a slight edge in overall user satisfaction and recognition in the industry. Choosing between the two could come down to specific preferences or the importance placed on industry rankings.
| Feature |
DooPrime
|
TopFX
|
|---|---|---|
| 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 it comes to market research resources, DooPrime and TopFX offer different strengths for traders. DooPrime stands out by providing daily market commentary, a service not available through TopFX. Both brokers supply forex news from top-tier sources, including Bloomberg and Reuters, ensuring traders stay informed with the latest updates. While both firms offer Trading Central's advanced tools, TopFX further enhances its offering with Autochartist resources, which DooPrime lacks. Additionally, TopFX provides a sentiment-based trading tool, aiding in gauging market sentiment, a feature unavailable with DooPrime. However, neither broker offers insights from TipRanks or Acuity Trading's Signal Centre.
Both DooPrime and TopFX include economic calendars for tracking global economic events, assisting traders in planning their strategies around key market shifts. In terms of research ratings, DooPrime excels with a 4-star rating, positioning it at #29 out of 62 brokers according to ForexBrokers.com, whereas TopFX trails with a 3-star rating and a #59 ranking. This indicates that while both brokers have valuable offerings, DooPrime may provide a more comprehensive research experience for those prioritizing market commentary and robust research tools.
| Feature |
DooPrime
|
TopFX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| 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, DooPrime offers a significant advantage over TopFX. DooPrime provides a comprehensive collection of educational content, including over ten pieces of material such as articles and videos specifically focused on forex and CFDs. Their library of beginner-friendly videos is particularly noteworthy, offering a wealth of information on trading topics to help newcomers navigate the market effectively. While both brokers lack regular live webinars and archives of past sessions, DooPrime's educational materials cater more thoroughly to traders looking to enhance their skills from the ground up.
TopFX falls short in comparison, lacking the same depth of beginner-focused educational videos and articles. Both brokers do not offer an investor dictionary or regularly scheduled educational webinars, which can be a setback for users seeking live interaction or clarification of investing terms. When rated for educational resources, DooPrime scores four out of five stars and holds a respectable 24th rank among 62 brokers in this category according to ForexBrokers.com. This contrasts with TopFX, which earns three stars and lands in the 60th position, highlighting DooPrime's stronger commitment to providing valuable educational support for beginners entering the trading world.
| Feature |
DooPrime
|
TopFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | No |
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 TopFX. DooPrime finished with an overall rank of #28, while TopFX finished with an overall rank of #61.
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
|
TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 67 |
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While neither DooPrime nor TopFX allow clients to purchase actual delivered cryptocurrencies, TopFX distinguishes itself by offering the option to trade cryptocurrency derivatives, a feature not available with DooPrime.
Both DooPrime and TopFX provide multiple deposit and withdrawal options, including PayPal, Skrill, Visa, Mastercard, and bank wires, although neither supports 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 | TopFX | |
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| Trust Score | 83 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
| Broker Screenshots | DooPrime | TopFX | |
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| Regulation | DooPrime | TopFX | |
|---|---|---|---|
| Trust Score | 83 | 67 | |
| Year Founded | 2014 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | TopFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| 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 | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | DooPrime | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 655 | |
| Forex Pairs (Total) | 60 | 60 | |
| 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 | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.03 | |
| All-in Cost EUR/USD - Active | N/A | 0.88 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | TopFX | |
|---|---|---|---|
| Minimum Deposit | $100 | Depends on payment method | |
| 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 | TopFX | |
|---|---|---|---|
| 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 | No | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | DooPrime | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | TopFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | DooPrime | TopFX | |
|---|---|---|---|
| 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 | TopFX Review |
| Overall | DooPrime | TopFX | |
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| Trust Score | 83 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
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