Written by ForexBrokers.com
In this head to head comparison of DooPrime vs Trading 212, 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.
When comparing DooPrime and Trading 212, both online brokers come under the spotlight for their trustworthiness and regulatory standing. Established in 2014, DooPrime has accumulated four Tier-1 licenses, which are highly esteemed in the industry, contributing to its Trust Score of 83. Despite not being publicly traded nor a bank, DooPrime is still considered a trusted service provider according to ForexBrokers.com standards.
On the other hand, Trading 212, founded in 2004, holds two Tier-1 licenses and carries a slightly lower Trust Score of 79, placing it in the average risk category. Like DooPrime, Trading 212 is neither publicly traded nor a bank. Both brokers have no Tier-2 licenses, aligning them in terms of secondary licensing. Despite their differences, each platform provides investors a distinct choice regarding regulatory assurances and longevity in the market.
| Feature |
DooPrime
|
Trading 212
|
|---|---|---|
| Year Founded | 2014 | 2004 |
| 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 | 0 |
When comparing DooPrime and Trading 212 based on their commissions and fees, there are some key differences to consider. While DooPrime does not provide specific data on average spreads, it is rated three stars out of five for its commissions and fees. In the ForexBrokers.com ranking of 62 brokers for this category, DooPrime holds the 58th position. This indicates that DooPrime's fee structure might not be as competitive as some of its peers.
On the other hand, Trading 212, rated four stars out of five, offers two types of accounts: Invest and CFD. This review focuses on the CFD account. Trading 212 promotes zero-commission trading for CFDs, but traders should be aware that they still have to pay a spread. Notably, Trading 212 has started releasing its average spread data, enabling better transparency. However, with a spread of 1.9 pips for the EUR/USD pair in January 2024, Trading 212's costs are considerably higher than the industry norm, which may discourage some traders.
In the ranking of 62 brokers for the Commissions and Fees category, Trading 212 stands at 43rd place, suggesting a more favorable fee structure compared to DooPrime. Despite being higher on the list than DooPrime, its above-average spreads might deter traders seeking lower trading costs. Overall, while both brokers have distinct pricing structures, Trading 212 seems to offer a slightly better value in terms of star rating and overall ranking.
| Feature |
DooPrime
|
Trading 212
|
|---|---|---|
| Minimum Deposit | $100 | €10 |
| Average Spread EUR/USD - Standard | N/A | 1.9 |
| All-in Cost EUR/USD - Active | N/A | 1.9 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When considering the range of investments available, both DooPrime and Trading 212 stand out as strong contenders. DooPrime offers an extensive selection of 10,000 tradeable symbols, compared to Trading 212's impressive 8,025. In the realm of forex trading, both brokers provide the ability to trade forex as a CFD or spot contract, though Trading 212 offers a wider array of 146 forex pairs compared to DooPrime's 60. Importantly, both platforms support trading U.S. and international exchange-traded securities, allowing users to invest in well-known stocks like Apple and Vodafone.
One notable distinction lies in the realm of cryptocurrency derivatives, which Trading 212 supports while DooPrime does not. When it comes to the added feature of copy trading, DooPrime offers this service, giving it an edge over Trading 212 in this aspect. Both brokers receive a perfect five-star rating for their range of investments and maintain high rankings, with DooPrime landing at #12 and Trading 212 at #15 according to ForexBrokers.com. This comparison showcases the rich investment opportunities both platforms present, while highlighting some of the unique features each one offers.
| Feature |
DooPrime
|
Trading 212
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 8025 |
| Forex Pairs (Total) | 60 | 146 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| 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 DooPrime and Trading 212, both brokers offer simulated trading through free virtual demo accounts, making them accessible for practice before committing real funds. Each broker has developed their own proprietary trading platforms, allowing for tailored and unique trading experiences. However, DooPrime provides additional options with a Windows-based desktop download platform alongside a web-based option, while Trading 212 limits users to a web-based platform. DooPrime further distinguishes itself by supporting MetaTrader 4 and MetaTrader 5, prevalent choices among seasoned traders, which Trading 212 does not offer.
DooPrime and Trading 212 both permit trading directly from stock charts, yet DooPrime offers copy trading capabilities, a feature absent from Trading 212. For charting tools, Trading 212 offers a slight edge with 20 drawing tools compared to DooPrime's 15. However, DooPrime enhances customization with seven watch list columns, surpassing Trading 212's five. Both brokers are evenly rated with four stars for their trading platforms and tools; nonetheless, Trading 212 holds a higher ranking at #20 compared to DooPrime's #25 in a ForexBrokers.com assessment of 62 brokers.
| Feature |
DooPrime
|
Trading 212
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 54 |
| Charting - Drawing Tools (Total) | 15 | 20 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of DooPrime and Trading 212, both brokers provide well-equipped platforms for iPhone and Android users. Features like stock and forex price alerts are readily available in both apps, enhancing the mobile trading experience. However, Trading 212 offers a seamless experience with watchlist symbol syncing between its mobile app and the client's online account, a feature that DooPrime lacks. Additionally, Trading 212 boasts a significantly higher number of technical studies for charting, with 104 options compared to DooPrime's 30, giving traders more tools for analysis on the go.
Both providers allow traders to draw trendlines, view multiple time frames, and auto-save chart drawings seamlessly. Users can also create watchlists with real-time quotes with ease. Despite these similar offerings, Trading 212 gets a slight edge with its higher ranking of #17 on ForexBrokers.com in the Mobile Trading Apps category, compared to DooPrime's #25. Both apps are rated four out of five stars, making them strong contenders in the market, but Trading 212’s extra features give it a slight advantage for those seeking enhanced functionality in mobile trading.
| Feature |
DooPrime
|
Trading 212
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 104 |
| 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 offerings, DooPrime and Trading 212 present distinct features that cater to different investor needs. DooPrime provides daily market commentary, which Trading 212 does not. Both brokers deliver forex news from leading sources, ensuring their users stay informed. Furthermore, DooPrime equips traders with tools from Trading Central for technical analysis, a resource not available through Trading 212. Conversely, Trading 212 offers a unique sentiment-based trading tool to gauge market mood, a feature absent in DooPrime's lineup. Both brokers share a common ground in lacking tools from Autochartist and Acuity Trading, and neither utilizes market research from TipRanks.
Additional tools offered by each broker include an economic calendar, featured by both platforms, allowing traders to track global economic events effectively. Overall, DooPrime's research capabilities receive a commendable 4-star rating and rank 29th out of 62 brokers on ForexBrokers.com. Trading 212 is slightly behind with a 3.5-star rating and is ranked 46th. These insights highlight DooPrime's stronger research features, though Trading 212's sentiment tool may appeal to traders seeking market perspective insights.
| Feature |
DooPrime
|
Trading 212
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| 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 comparing the educational resources available for beginners between DooPrime and Trading 212, both online brokers offer a substantial amount of forex and CFD education, each providing a minimum of 10 pieces of educational content such as articles and videos. Both platforms also cater to beginners with at least 10 videos specifically designed to introduce trading concepts. Moreover, for advanced traders, both brokers supply at least 10 detailed videos to further deepen their expertise. However, Trading 212 distinguishes itself with regular online educational webinars, offering at least one per month, while DooPrime does not. Additionally, Trading 212 provides a searchable archive of past webinars for clients to revisit, a feature that DooPrime lacks.
For investors who require a glossary of terms, Trading 212 offers a comprehensive dictionary with over 50 investing term definitions, contrasting with DooPrime, which does not offer this resource. Despite these differences, DooPrime receives a slightly higher education rating of 4 stars compared to Trading 212's 3.5 stars. Among 62 brokers evaluated by ForexBrokers.com, Trading 212 holds a higher education category ranking at #20, compared to DooPrime's #25. This suggests that while Trading 212 excels in offering accessible web-based resources and structured learning opportunities, DooPrime may provide a broader range of educational content with higher individual content ratings.
| Feature |
DooPrime
|
Trading 212
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| 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 Trading 212. DooPrime finished with an overall rank of #28, while Trading 212 finished with an overall rank of #31.
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
|
Trading 212
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 79 |
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In comparing online brokers, DooPrime does not offer the ability to buy actual or derivative cryptocurrency, whereas Trading 212 allows users to buy cryptocurrency derivatives, although neither broker facilitates the purchase of actual (delivered) cryptocurrency.
When comparing the online brokers DooPrime and Trading 212, DooPrime supports PayPal, Skrill, Visa, Mastercard, and bank wires for transactions, but lacks ACH and SEPA transfer options, while Trading 212 offers ACH, SEPA, PayPal, Visa, Mastercard, and bank wires, but does not support Skrill.
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 | Trading 212 | |
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| Trust Score | 83 | 79 | |
| Winner | check_circle | ||
| Review | Trading 212 Review |
| Broker Screenshots | DooPrime | Trading 212 | |
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| Regulation | DooPrime | Trading 212 | |
|---|---|---|---|
| Trust Score | 83 | 79 | |
| Year Founded | 2014 | 2004 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 0 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | Trading 212 | |
|---|---|---|---|
| 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 | Yes | |
| 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 | Trading 212 | |
|---|---|---|---|
| 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 | Trading 212 | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 8025 | |
| Forex Pairs (Total) | 60 | 146 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Trading 212 | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.9 | |
| All-in Cost EUR/USD - Active | N/A | 1.9 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | Trading 212 | |
|---|---|---|---|
| Minimum Deposit | $100 | €10 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | DooPrime | Trading 212 | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | DooPrime | Trading 212 | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 5 | |
| Charting - Indicators / Studies (Total) | 30 | 54 | |
| Charting - Drawing Tools (Total) | 15 | 20 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | DooPrime | Trading 212 | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 104 | |
| 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 | Trading 212 | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | Trading 212 | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | DooPrime | Trading 212 | |
|---|---|---|---|
| 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 | Trading 212 Review |
| Overall | DooPrime | Trading 212 | |
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| Trust Score | 83 | 79 | |
| Winner | check_circle | ||
| Review | Trading 212 Review |
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