Written by ForexBrokers.com
In this head to head comparison of XM Group 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.
Comparing XM Group and DooPrime in terms of trustworthiness and regulatory standing reveals some insightful differences. Established in 2009, XM Group has accumulated considerable experience in the online brokerage realm. It holds a Trust Score of 88 according to ForexBrokers.com, positioning it within the 'trusted' range with its four Tier-1 licenses and one Tier-2 license. Meanwhile, DooPrime, founded in 2014, has secured a Trust Score of 83, also placing it in the 'trusted' bracket, maintained by its four Tier-1 licenses. Neither of these companies is publicly traded, nor do they operate as banks.
Although both brokers have identical Tier-1 regulatory standing, XM Group edges slightly ahead with an additional Tier-2 license, suggesting an extra layer of security in its operations compared to DooPrime. This nuanced difference can be essential for traders prioritizing assurance and protection under regulated environments. Their no-public-trade status and non-bank designation further streamline their roles as specialized online trading platforms.
| Feature |
XM Group
|
DooPrime
|
|---|---|---|
| Year Founded | 2009 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 4 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
When comparing the commissions and fees of online brokers XM Group and DooPrime, XM Group offers a mixed picture. Its standard account spreads tend to be on the higher side, which might not be ideal for cost-conscious traders. Additionally, the broker does not publish average spread data for its commission-based XM Zero account, leaving traders in the dark about potential costs. However, XM Group earns a solid 4-star rating in the commissions and fees arena and holds the position of 33rd among 62 brokers according to ForexBrokers.com.
On the other hand, DooPrime faces challenges in competitive pricing transparency, as it does not provide average spread information, making it difficult for traders to gauge potential transaction costs. This lack of transparency likely contributes to its 3-star rating for commissions and fees. Within ForexBrokers.com's ranking, DooPrime finds itself lower on the list, sitting at 58th place out of 62 brokers in the Commissions and Fees category.
Overall, while both XM Group and DooPrime have room for improvement in the transparency of their fees, XM Group edges ahead with a higher rating and a better ranking. This can make a difference for traders who prioritize understanding their potential costs upfront when choosing an online broker.
| Feature |
XM Group
|
DooPrime
|
|---|---|---|
| Minimum Deposit | $5 | $100 |
| Average Spread EUR/USD - Standard | 1.6 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | No | 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.
When comparing XM Group and DooPrime for their range of investment options, both brokers offer extensive opportunities for trading in forex as CFDs or spot contracts. XM Group provides access to 1,394 tradeable symbols, including 55 forex pairs. Meanwhile, DooPrime offers a significantly higher number of tradeable symbols, totaling 10,000, and slightly more forex pairs with 60 available. Both brokers give clients the chance to invest in exchange-traded securities from U.S. and international exchanges, such as purchasing shares of Apple or Vodafone. Additionally, both platforms support copy trading, although when it comes to cryptocurrency, XM Group allows trading in cryptocurrency derivatives, unlike DooPrime, which does not offer this feature.
In terms of ratings, XM Group receives a commendable 4.5 stars for its range of investments, placing it 23rd among 62 brokers reviewed by ForexBrokers.com. On the other hand, DooPrime excels with a perfect 5-star rating, ranking 12th in the same category. This superior rating reflects DooPrime's broader variety in tradeable symbols and forex pairs available to their clients. Despite their differences, both brokers offer a comprehensive suite of investment products for diverse trading strategies and preferences.
| Feature |
XM Group
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1394 | 10000 |
| Forex Pairs (Total) | 55 | 60 |
| U.S. Stock Trading (Non CFD) | Yes | 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 XM Group and DooPrime, both brokers ensure they cover the basics well. Each provides a free virtual demo account, allowing users to practice trading without financial risk. While neither broker features the DupliTrade or ZuluTrade platforms, they both boast the popular MetaTrader 4 and MetaTrader 5, catering to a wide range of trading styles and strategies. Both XM Group and DooPrime support trading directly from charts and provide their users with 15 drawing tools for detailed chart analysis, alongside seven comprehensive columns for watch lists. However, one notable difference is that DooPrime offers a proprietary platform developed in-house, which might appeal to traders seeking a unique trading experience.
Though XM Group and DooPrime both score four out of five stars for their trading platforms and tools, there is a slight distinction in their rankings on ForexBrokers.com. DooPrime is slightly ahead at #25 out of 62 brokers, compared to XM Group's position at #30. Both platforms offer Windows-based desktop downloads and web-based browser options, making them accessible to traders using different devices. Additionally, support for copy trading is present with each broker, which is an attractive feature for those looking to follow seasoned traders. Overall, both brokers provide solid options, but traders interested in a proprietary platform might find DooPrime more appealing.
| Feature |
XM Group
|
DooPrime
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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 | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of XM Group and DooPrime, it's clear that both brokers cater to users with iPhones and Android devices. Each app allows traders to receive alerts for stock or forex prices and offers the flexibility to draw trendlines or view multiple time frames like daily, weekly, or intraday on charts. Charting features are robust in both apps, boasting 30 technical studies. However, DooPrime stands out by allowing users to auto-save drawings on their charts, a feature XM Group lacks. XM Group, on the other hand, enables the syncing of watchlist symbols with its online account, which is something DooPrime doesn’t offer.
Both XM Group and DooPrime provide the ability for traders to create watchlists with real-time quotes, contributing to their favorable user ratings of 4 stars out of 5 for mobile trading apps. Despite receiving the same star rating, DooPrime slightly edges ahead in the ForexBrokers.com ranking for mobile trading apps, holding the 24th position compared to XM Group’s 27th. These nuances might help traders determine which mobile trading app aligns better with their trading preferences and needs.
| Feature |
XM Group
|
DooPrime
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both XM Group and DooPrime provide daily market commentary and access to forex news from high-quality sources like Bloomberg and Reuters, ensuring that traders have the latest and most reliable information available. While neither broker offers research tools from Autochartist, both include tools from Trading Central to assist with technical analysis. For traders interested in sentiment-based tools, XM Group offers a unique trading tool that displays the ratio of long or short positions across currency pairs, which DooPrime does not offer. Additionally, each broker provides an economic calendar to keep traders informed of global news events.
Overall, XM Group has a slight edge over DooPrime in terms of research offerings and is rated five stars for research by ForexBrokers.com, while DooPrime holds a four-star rating. This higher rating is further reflected in XM Group's higher ranking of #8 among 62 brokers, compared to DooPrime's ranking at #29. These rankings and ratings highlight XM Group's strengths in providing comprehensive market analysis tools for traders seeking in-depth research capabilities.
| Feature |
XM Group
|
DooPrime
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When evaluating educational resources for beginners, XM Group provides an impressive array that includes more than ten pieces focused on forex and CFDs. This includes various formats like articles, videos, and archived webinars, making it suitable for diverse learning preferences. Additionally, XM Group hosts monthly online webinars and offers access to a searchable archive of these sessions, which enhances learning opportunities for those unable to attend live events. Their commitment to catering to beginners and seasoned traders alike is evident, as they provide a wide range of both beginner and advanced educational videos, ensuring ongoing skill development. Although they lack an investor dictionary, their comprehensive services earn them a top rating of five stars and a notable seventh-place ranking among 62 brokers for education according to ForexBrokers.com.
Conversely, DooPrime also covers the basics with more than ten educational pieces primarily about forex and CFDs, available in various formats. While they match XM Group in offering extensive educational videos for both beginner and advanced traders, DooPrime falls short in providing live webinars and a searchable archive of past sessions. Both brokers do not offer an investor dictionary, but these limitations are more pronounced for DooPrime, reflected in their four-star education rating and a 24th-place rank out of 62 brokers by ForexBrokers.com. For beginners seeking interactive learning through regular webinars and access to past sessions, XM Group emerges as a more appealing choice. However, both brokers offer valuable foundational resources for new traders.
| Feature |
XM Group
|
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) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that XM Group is better than DooPrime. XM Group finished with an overall rank of #17, while DooPrime finished with an overall rank of #28.
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.
| Feature |
XM Group
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DooPrime
|
|---|---|---|
| Overall Rating |
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| Trust Score | 88 | 83 |
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In comparing online brokers XM Group and DooPrime, neither platform offers the ability to buy actual delivered cryptocurrency; however, XM Group stands out by providing the option to trade cryptocurrency derivatives, which DooPrime does not offer.
When comparing online brokers XM Group and DooPrime, it’s important to note that while both offer multiple funding options like Skrill, Visa, Mastercard, and bank wires, only DooPrime supports deposits and withdrawals via PayPal, and neither broker offers 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 | XM Group | DooPrime | |
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| Trust Score | 88 | 83 | |
| Winner | check_circle | ||
| Review | XM Group Review |
| Broker Screenshots | XM Group | DooPrime | |
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| Regulation | XM Group | DooPrime | |
|---|---|---|---|
| Trust Score | 88 | 83 | |
| Year Founded | 2009 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 4 | 4 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | XM Group | DooPrime | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | XM Group | DooPrime | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | XM Group | DooPrime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1394 | 10000 | |
| Forex Pairs (Total) | 55 | 60 | |
| U.S. Stock Trading (Non CFD) | Yes | 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 | XM Group | DooPrime | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | XM Group | DooPrime | |
|---|---|---|---|
| Minimum Deposit | $5 | $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 | XM Group | DooPrime | |
|---|---|---|---|
| Proprietary Platform | No | 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 | XM Group | DooPrime | |
|---|---|---|---|
| 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 | XM Group | DooPrime | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | XM Group | DooPrime | |
|---|---|---|---|
| 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 | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | 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) | No | No |
| Major Forex Pairs | XM Group | 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 | XM Group Review |
| Overall | XM Group | DooPrime | |
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| Trust Score | 88 | 83 | |
| Winner | check_circle | ||
| Review | XM Group Review |
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