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AvaTrade vs DooPrime 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is AvaTrade better than DooPrime? In our analysis of 23 international regulators across 62 of the best forex brokers, AvaTrade is considered low-risk, with an overall Trust Score of 93 out of 99. DooPrime is considered average-risk, with an overall Trust Score of 84 out of 99. Learn more about Trust Score.

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Compare

0 of 5
Overall RatingAvaTradeDooPrime
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 3/5 Stars
Offering of Investments 4/5 Stars 5/5 Stars
Platform & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 5/5 Stars 4/5 Stars
Trust Score 93 84
Winner check_circle
Review AvaTrade Review
Broker ScreenshotsAvaTradeDooPrime
Trading Platforms Gallery (click to expand)
Research Gallery (click to expand)
Mobile Trading Gallery (click to expand)
Education Gallery (click to expand)
RegulationAvaTradeDooPrime
Trust Score 93 84
Year Founded 2006 2014
Publicly Traded (Listed) No No
Bank No No
European Union Authorised (MiFID) Yes info No info
Tier-1 Licenses 4 2
Tier-2 Licenses 4 0
Tier-3 Licenses 1 2
Tier-1 Licenses (High Trust)AvaTradeDooPrime
Australia (ASIC Authorised) Yes No
Canada (SRO Authorised) Yes No
Hong Kong (SFC Authorised) No Yes
CBI Authorised (Ireland) Yes No
Japan (SFC Authorised) Yes 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
Tier-2 Licenses (Average Trust)AvaTradeDooPrime
China (CBRC Authorised) No No
Cyprus (CySEC Authorised) Yes No
India (SEBI Authorised) No No
Israel (ISA Authorised) Yes No
Russia (CBR Authorised) No No
South Africa (FSCA Authorised) Yes No
Thailand (SEC Authorised) No No
UAE (DFSA/Central Bank Authorised) Yes No
Tier-3 Licenses (Low Trust)AvaTradeDooPrime
Bahamas (SCB Authorised) No No
Belize (FSC Authorised) No No
Cayman Islands (CIMA Authorised) No No
Bermuda (BMA Authorised) No No
British Virgin Islands (FSC Authorised) Yes No
Mauritius (FSC Authorised) No Yes
Vanuatu (VFSC Authorised) No Yes
InvestmentsAvaTradeDooPrime
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 1260 10000
Forex Pairs (Total) 55 60
U.S. Stock Trading (Non CFD) No Yes
Int'l Stock Trading (Non CFD) No Yes
Social Trading / Copy Trading Yes Yes
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) 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).
CostAvaTradeDooPrime
Average Spread EUR/USD - Standard 0.92 info N/A info
All-in Cost EUR/USD - Active 0.61 info N/A info
Active Trader or VIP Discounts Yes No
Execution: Agency Broker No Yes
Execution: Market Maker Yes Yes
FundingAvaTradeDooPrime
Minimum Deposit $100 $100
PayPal (Deposit/Withdraw) Yes Yes
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsAvaTradeDooPrime
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 Yes No
ZuluTrade Yes No
Trading ToolsAvaTradeDooPrime
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 7 7
Charting - Indicators / Studies (Total) 80 30
Charting - Drawing Tools (Total) 13 15
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingAvaTradeDooPrime
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 73 30
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave No Yes
Forex Calendar Yes Yes
ResearchAvaTradeDooPrime
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
Economic Calendar Yes Yes
EducationAvaTradeDooPrime
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) Yes No
Major Forex PairsAvaTradeDooPrime
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 AvaTrade Review
OverallAvaTradeDooPrime
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 3/5 Stars
Offering of Investments 4/5 Stars 5/5 Stars
Platform & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 5/5 Stars 4/5 Stars
Trust Score 93 84
Winner check_circle
Review AvaTrade Review
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AvaTrade vs DooPrime Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare AvaTrade vs DooPrime.

Does AvaTrade or DooPrime offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, AvaTrade offers better pricing overall for traders.

Is AvaTrade or DooPrime safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. AvaTrade holds 4 global Tier-1 licenses, while DooPrime holds 2. AvaTrade holds 4 global Tier-2 licenses, while DooPrime holds 0. In our analysis of 23 international regulators across 50 brokers, AvaTrade earned a higher Trust Score than DooPrime.

Which trading platform is better: AvaTrade or DooPrime?

To compare the trading platforms of both AvaTrade and DooPrime, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, AvaTrade offers a better experience. With research, DooPrime offers superior market research. Finally, we found AvaTrade to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both AvaTrade and DooPrime offer MetaTrader 4 (MT4).AvaTrade and DooPrime both offer copy trading.

How many forex pairs and CFDs are available to trade?

DooPrime provides traders 60 currency pairs (e.g., EUR/USD) compared to AvaTrade's 55 available pairs. Forex pairs aside, DooPrime offers traders access to 10000 CFDs while AvaTrade has 1260 available CFDs, a difference of 8740.

Can I trust AvaTrade?

AvaTrade is not publicly-traded and does not operate a bank. AvaTrade is authorised by four tier-1 regulators (high trust), four tier-2 regulators (average trust), and one tier-3 regulator (low trust). AvaTrade is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Central Bank of Ireland (CBI) and the Japanese Financial Services Authority (JFSA), and via Friedberg Direct, with the Investment Industry Regulatory Organization of Canada (IIROC).

Can I trust DooPrime?

DooPrime is not publicly traded and does not operate a bank. DooPrime is authorised by three tier-1 regulator (high trust), one tier-2 regulators (average trust), and two tier-3 regulators (low trust). DooPrime is authorised by the following tier-1 regulators: Securities Futures Commission (SFC), Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC)

Is AvaTrade good?

AvaTrade is a trusted global brand best known for offering an extensive selection of trading platforms for forex and CFD traders, as well as exceptional educational content that helped it nab a Best in Class rating for Beginners for 2022.

Is DooPrime good?

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.

Overall winner: AvaTrade

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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