Written by ForexBrokers.com
In this head to head comparison of DooPrime vs Alpari, 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 brings to the table a higher level of trust with a ForexBrokers.com Trust Score of 83, placing it in the trusted category. As a non-publicly traded brokerage and not a bank, DooPrime sets itself apart by holding four Tier-1 licenses, which are regarded as highly trusted. This licensing suggests that DooPrime maintains a strong focus on regulatory compliance and reliability in the financial markets.
In contrast, Alpari, which has been around since 1998, operates as a private entity and is also not a bank. However, it falls into a higher risk category with a ForexBrokers.com Trust Score of 68. Alpari currently holds no Tier-1 or Tier-2 licenses, raising potential concerns about its level of regulatory oversight compared to DooPrime. These differences highlight the varied trust and regulatory standings between these two online brokers.
| Feature |
DooPrime
|
Alpari
|
|---|---|---|
| Year Founded | 2014 | 1998 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 0 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When comparing the commissions and fees of online brokers DooPrime and Alpari, you'll find differences in their ratings and rankings. DooPrime is rated 3 stars out of 5 for its commissions and fees structure. It's worth noting that average spread data for DooPrime isn't available, which may influence the assessment of its overall cost competitiveness. Ranking 59th out of 63 brokers in the Commissions and Fees category according to ForexBrokers.com, DooPrime could be seen as less appealing in this aspect compared to other brokers.
On the other hand, Alpari receives a higher rating of 4 stars out of 5 for its commissions and fees. Similar to DooPrime, average spread data for Alpari isn't provided, but it still fares better in overall user satisfaction due to its fee structure. Ranked at 41 out of the same 63 brokers by ForexBrokers.com, Alpari appears to present a more favorable option for traders who are particularly mindful of trading costs.
In summary, while neither broker provides specific average spread data, Alpari has a higher rating and better ranking for commissions and fees compared to DooPrime, potentially making it a more cost-efficient choice for budget-conscious traders. DooPrime, although lower in both its rating and ranking, could still appeal depending on other features it offers outside this particular comparison.
| Feature |
DooPrime
|
Alpari
|
|---|---|---|
| Minimum Deposit | $100 | $20 |
| 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 | Yes |
| 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 the investment offerings of DooPrime and Alpari, DooPrime stands out with a diverse selection. It provides an impressive 10,000 tradeable symbols along with 60 forex pairs, whereas Alpari offers 105 tradeable symbols and 46 forex pairs. Both brokers allow forex trading through CFDs or spot contracts. However, a significant advantage for DooPrime is its access to exchange-traded securities on both U.S. and international exchanges, enabling clients to delve into global markets with ease. Alpari, on the other hand, limits clients to international exchanges without the option to trade on U.S. exchanges.
Both DooPrime and Alpari support copy trading, providing clients with opportunities to mimic successful traders. Yet, when it comes to cryptocurrency, DooPrime does not offer direct or derivative crypto investment options, while Alpari allows clients to trade cryptocurrency derivatives. According to ForexBrokers.com, DooPrime excels in the range of its investment offerings, receiving a 5-star rating and ranking 12th among 63 brokers. In contrast, Alpari's more limited range earns it a 3-star rating and places it at the bottom of the rankings. These distinctions make DooPrime a more attractive choice for those seeking diverse investment possibilities.
| Feature |
DooPrime
|
Alpari
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 105 |
| Forex Pairs (Total) | 60 | 46 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| 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 online brokers DooPrime and Alpari, both offer excellent trading platforms and tools for traders of all levels. Each broker provides a free virtual demo account, which is ideal for honing your skills without financial risk. Both DooPrime and Alpari have developed their own proprietary platforms and offer the well-known MetaTrader 4 and MetaTrader 5 platforms, accommodating a diverse range of trading preferences. They each provide Windows-based desktop download platforms, as well as web-based options for convenient trading directly from your browser. Additionally, both brokers support copy trading, allowing traders to follow and imitate the strategies of successful investors.
When it comes to charting tools, DooPrime and Alpari both offer 15 drawing tools and allow traders the ability to execute trades directly from a stock chart. For those who like to keep track of multiple assets, both brokers offer watch lists with up to seven customizable columns. Despite these similarities, there are some differences in rankings, with DooPrime securing the 25th spot in ForexBrokers.com's list of 63 brokers for Trading Platforms and Tools, while Alpari is placed at 55. Despite their respective ranking differences, both brokers have received a commendable four out of five stars for their trading platforms and tools, reflecting their comprehensive offerings in this field.
| Feature |
DooPrime
|
Alpari
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | 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 it comes to mobile trading apps, both DooPrime and Alpari offer similar features for iPhone and Android users. Both brokers provide apps that allow users to set stock and forex price alerts, utilize 30 technical studies for charting, and draw trendlines on charts. Additionally, users can view different time frames, such as daily, weekly, or intraday, on their charts. However, an area where these platforms differ is in the auto-saving of chart drawings; while DooPrime's app saves your drawings automatically, Alpari's does not.
Creating a watchlist with real-time quotes is something both DooPrime and Alpari support. Despite these similarities, there are differences in their rankings and ratings. DooPrime's mobile app holds a 4-star rating and ranks 25th out of 63 brokers on ForexBrokers.com. Alpari also has a 4-star rating, but it is ranked 56th. Both brokers do lack watchlist symbol syncing, meaning changes to watchlists do not automatically sync between mobile and online accounts.
| Feature |
DooPrime
|
Alpari
|
|---|---|---|
| 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 | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, DooPrime stands out by offering daily market commentary, which is not available with Alpari. Both brokers, however, provide forex news from reputable sources like Bloomberg and Reuters. While DooPrime excels with advanced tools from Trading Central, those looking for Autochartist features will find them with Alpari instead. Despite both platforms missing sentiment-based trading tools and research from companies like TipRanks and Acuity Trading, they each provide an economic calendar to keep traders informed of global events.
Evaluating their research capabilities, DooPrime receives a higher rating of 4 stars compared to Alpari’s 3 stars, according to ForexBrokers.com. This difference in quality is reflected in their rankings, with DooPrime placed at #29 among 63 brokers, while Alpari falls behind at #57. This makes DooPrime a more favorable choice for traders prioritizing market research, while Alpari offers key features for those specifically interested in Autochartist tools.
| Feature |
DooPrime
|
Alpari
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| 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 exploring the educational resources available for beginners in online trading, both DooPrime and Alpari present unique offerings. DooPrime provides a rich collection of over 10 educational materials, including articles and videos focused on forex and CFDs, making it a compelling choice for those starting out in trading. They bolster their beginner resources with more than 10 dedicated videos tailored specifically for those new to trading, plus an additional suite of advanced videos for experienced traders seeking to deepen their skills. However, DooPrime does not feature monthly client webinars, nor a searchable archive for past webinars, and lacks an expansive investor dictionary, focusing their efforts primarily on video-based learning. This approach earns DooPrime a commendable 4-star rating and ranks them as the 25th educational resource among 63 brokers on ForexBrokers.com.
In contrast, Alpari also delivers educational content with over 10 pieces related to forex and CFDs and offers beginner educational videos that can be quite resourceful for newcomers. However, while they provide a significant number of starter video resources, Alpari does not match DooPrime's offerings in advanced educational content and similarly does not conduct monthly webinars or maintain a past webinar archive. One area where Alpari stands out is their extensive investor dictionary, offering definitions for over 50 investing terms, a valuable tool for those learning the jargon of trading. Alpari’s array of resources garners a 3-star education rating and positions them at 48th in the education category according to ForexBrokers.com, suggesting that while valuable, their educational tools may not be as comprehensive as those offered by DooPrime for beginners wanting to advance their trading skills.
| Feature |
DooPrime
|
Alpari
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that DooPrime is better than Alpari. DooPrime finished with an overall rank of #28, while Alpari finished with an overall rank of #58.
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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Alpari
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|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 68 |
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While both DooPrime and Alpari do not provide the option to purchase actual (delivered) cryptocurrency, Alpari distinguishes itself by offering cryptocurrency derivatives, a feature that DooPrime lacks.
When comparing online brokers DooPrime and Alpari in terms of funding options, both do not offer ACH or SEPA transfers, but DooPrime provides PayPal while Alpari does not; both offer Skrill, Visa, Mastercard, and bank wires as options for depositing or withdrawing account funds.
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 | Alpari | |
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| Trust Score | 83 | 68 | |
| Winner | check_circle | ||
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| Broker Screenshots | DooPrime | Alpari | |
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| Regulation | DooPrime | Alpari | |
|---|---|---|---|
| Trust Score | 83 | 68 | |
| Year Founded | 2014 | 1998 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 4 | 0 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | Alpari | |
|---|---|---|---|
| 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 | No |
| Tier-2 Licenses (Trusted) | DooPrime | Alpari | |
|---|---|---|---|
| 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 | Alpari | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 105 | |
| Forex Pairs (Total) | 60 | 46 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| 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 | Alpari | |
|---|---|---|---|
| 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 | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | Alpari | |
|---|---|---|---|
| Minimum Deposit | $100 | $20 | |
| 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 | Alpari | |
|---|---|---|---|
| Proprietary Platform | Yes | 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 | DooPrime | Alpari | |
|---|---|---|---|
| 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 | Alpari | |
|---|---|---|---|
| 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 | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | DooPrime | Alpari | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | Alpari | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | DooPrime | Alpari | |
|---|---|---|---|
| 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 |
| Overall | DooPrime | Alpari | |
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| Trust Score | 83 | 68 | |
| Winner | check_circle | ||
| Review |
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