Written by ForexBrokers.com
In this head to head comparison of DooPrime vs Xtrade, 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, established in 2014, is an online broker that holds four Tier-1 licenses, aligning it with the category deemed highly trusted by ForexBrokers.com. With a Trust Score of 83, DooPrime is considered a trusted option in the market. This broker is not publicly traded and does not operate as a bank, maintaining a focus on providing services to its clients within a secure framework.
Founded in 2003, Xtrade is another online broker in the trading industry. It holds one Tier-1 license and one Tier-2 license, signifying a classification of average risk. Xtrade's Trust Score of 74 is reflective of its standing in the ForexBrokers.com rating system. Similar to DooPrime, Xtrade is not traded publicly and does not function as a bank, striving to offer a reliable trading environment to its users.
| Feature |
DooPrime
|
Xtrade
|
|---|---|---|
| Year Founded | 2014 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When comparing online brokers DooPrime and Xtrade in terms of commissions and fees, there are several aspects to consider that can impact your trading costs. DooPrime has received an average rating of 3 out of 5 stars for its commissions and fees, placing it at the 58th position among 62 brokers reviewed by ForexBrokers.com. While specific average spread data isn't available for DooPrime, traders should keep in mind its position when evaluating potential costs involved.
On the other hand, Xtrade holds a slightly lower rating of 2.5 out of 5 stars for commissions and fees. This positions it at the bottom of the list, ranking 62nd out of the 62 brokers analyzed by ForexBrokers.com. Similar to DooPrime, Xtrade does not provide average spread data, which might influence the transparency of overall trading costs.
Both DooPrime and Xtrade have their own fee structures that may not be clearly outlined by spread data, but these ratings and rankings provide a helpful glimpse into how each broker fares in the market regarding trading costs. As a trader, considering these rankings can aid in making a more informed decision when selecting a broker that aligns with your trading budget and goals.
| Feature |
DooPrime
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $100 | $250 |
| 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 | No |
| 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 DooPrime and Xtrade, DooPrime distinctly offers a wider range of investment options. With an impressive 10,000 tradeable symbols and access to 60 forex pairs, DooPrime caters to investors looking for diverse opportunities. This includes offering exchange-traded securities on both U.S. and international exchanges, such as the ability to buy shares of major companies like Apple and Vodafone. Additionally, DooPrime provides copy trading features that can be beneficial for beginners or those wishing to mimic successful strategies. Despite not offering the purchase of actual or derivative cryptocurrencies, DooPrime shines with a 5-star rating for its range of investments, ranking 12th out of 62 brokers.
Xtrade, on the other hand, presents a more limited selection with 482 tradeable symbols and 56 forex pairs. While it does offer forex trading through CFDs similar to DooPrime, it lacks the ability for clients to invest in exchange-traded securities on both U.S. and international exchanges. Xtrade does provide a way to trade cryptocurrency derivatives but does not include features like copy trading. The narrower scope of investment options gives Xtrade a 3.5-star rating in this category, placing it at 49th among 62 brokers. For those seeking greater variety in investable assets, DooPrime stands out as a more comprehensive choice.
| Feature |
DooPrime
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 482 |
| Forex Pairs (Total) | 60 | 56 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| 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 Xtrade in terms of their trading platforms and tools, both brokers offer simulated trading experiences through free virtual demo accounts, giving beginners a chance to practice without financial risk. DooPrime sets itself apart by providing a proprietary platform that is available as a downloadable Windows-based desktop application. In contrast, Xtrade does not offer a Windows desktop platform but both brokers provide accessible web-based trading options suitable for a variety of user needs. Moreover, DooPrime includes compatibility with both MetaTrader 4 and 5, popular choices for traders who appreciate advanced charting options and flexibility, while Xtrade does not support these platforms. DooPrime offers copy trading as well, a feature not available with Xtrade, catering to those interested in mirroring successful trading strategies.
When it comes to technical tools, Xtrade surpasses DooPrime in charting options with 100 drawing tools, compared to DooPrime's 15. However, both allow trading directly from stock charts, a useful feature for efficient trading. DooPrime's platform allows for 7 watch list columns, while Xtrade offers slightly more at 9 columns. In expert evaluations for trading platforms and tools, DooPrime scored 4 out of 5 stars, ranking 25th out of 62 brokers in ForexBrokers.com's review, indicating generally positive user feedback and reliability. On the other hand, Xtrade received a 3.5-star rating, placing them at 58th, suggesting room for improvement in this competitive space.
| Feature |
DooPrime
|
Xtrade
|
|---|---|---|
| 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 | N/A |
| Charting - Drawing Tools (Total) | 15 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of DooPrime and Xtrade, both brokers offer apps for iPhone and Android users. However, DooPrime sets itself apart with features like stock and forex price alerts, which Xtrade does not provide. For charting, DooPrime users can enjoy 30 technical studies, draw trendlines, and access multiple time frames, while Xtrade lacks these options. Furthermore, DooPrime's app auto-saves drawings and allows users to create watchlists with real-time quotes, offering a more comprehensive trading experience compared to Xtrade.
In terms of synchronization, neither DooPrime nor Xtrade offers watchlist symbol syncing with online accounts. Despite these differences in features, both brokers receive a rating of 4 stars for their mobile trading platforms. However, DooPrime is ranked higher at #24 by ForexBrokers.com among 62 brokers in the Mobile Trading Apps category, whereas Xtrade falls behind at #53. This indicates a preference for DooPrime's mobile app among industry evaluators, making it the more appealing choice for traders seeking a user-friendly and feature-rich mobile trading experience.
| Feature |
DooPrime
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
Both DooPrime and Xtrade provide daily market commentary and forex news from esteemed sources like Bloomberg and Reuters, helping traders stay informed about global financial markets. While neither brokerage offers tools from Autochartist, DooPrime sets itself apart by providing technical analysis tools from Trading Central. This feature, combined with its economic calendar for tracking global news events, elevates the overall research experience for DooPrime users compared to Xtrade, which lacks such offerings.
When considering research ratings, DooPrime outshines Xtrade, earning 4 out of 5 stars while Xtrade holds 3.5 stars. This difference is further highlighted by their rankings on ForexBrokers.com, where DooPrime is positioned at #29 among 62 brokers, whereas Xtrade falls behind at #52. Thus, traders prioritizing research tools and resources might find DooPrime to be a more favorable choice.
| Feature |
DooPrime
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| 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 and Xtrade both provide at least ten educational materials focusing on forex and CFDs, including articles, videos, and archived webinars. However, neither broker offers monthly educational webinars or a searchable archive of recorded sessions. DooPrime stands out with more comprehensive video content for beginners and advanced traders, offering at least ten educational videos in each category. Conversely, Xtrade lacks the volume of beginner and advanced trading videos that DooPrime provides, which might leave beginners seeking more foundational knowledge through video content.
In terms of additional resources, Xtrade features an investor dictionary with over fifty investing terms, an area where DooPrime falls short. Despite this, DooPrime holds a marginally higher education rating of 4 stars compared to Xtrade’s 3.5 stars, according to ratings. Furthermore, DooPrime is ranked #24 among 62 brokers for education by ForexBrokers.com, indicating a stronger overall offering in comparison to Xtrade’s position at #46. For beginners seeking a more video-rich educational experience, DooPrime might be a preferable choice, while Xtrade offers a helpful glossary for those looking for quick term definitions.
| Feature |
DooPrime
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| 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 | 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 Xtrade. DooPrime finished with an overall rank of #28, while Xtrade finished with an overall rank of #59.
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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Xtrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 74 |
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When comparing DooPrime and Xtrade, neither platform offers the ability to buy actual (delivered) cryptocurrencies, but while DooPrime does not provide access to cryptocurrency derivatives, Xtrade does offer the ability to trade cryptocurrency derivatives.
In a comparison of online brokers, DooPrime and Xtrade both support Skrill, Visa, Mastercard, and bank wire transfers for depositing or withdrawing account funds, but only DooPrime offers PayPal, while neither provide 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 | DooPrime | Xtrade | |
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| Trust Score | 83 | 74 | |
| Winner | check_circle | ||
| Review | Xtrade Review |
| Broker Screenshots | DooPrime | Xtrade | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | DooPrime | Xtrade | |
|---|---|---|---|
| Trust Score | 83 | 74 | |
| Year Founded | 2014 | 2003 | |
| 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 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | Xtrade | |
|---|---|---|---|
| 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 | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | DooPrime | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 482 | |
| Forex Pairs (Total) | 60 | 56 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| 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 | Xtrade | |
|---|---|---|---|
| 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 | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $100 | $250 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| 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 | Xtrade | |
|---|---|---|---|
| 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 | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 30 | N/A | |
| Charting - Drawing Tools (Total) | 15 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | DooPrime | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | DooPrime | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| 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 | Yes |
| Major Forex Pairs | DooPrime | Xtrade | |
|---|---|---|---|
| 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 | Xtrade Review |
| Overall | DooPrime | Xtrade | |
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| Trust Score | 83 | 74 | |
| Winner | check_circle | ||
| Review | Xtrade Review |
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