Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets 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.
BlackBull Markets and DooPrime both entered the online brokerage landscape in 2014, bringing over a decade of experience to traders worldwide. Neither company is publicly traded or operates as a bank, allowing them to focus exclusively on their brokerage services.
| Feature |
BlackBull Markets
|
DooPrime
|
|---|---|---|
| Year Founded | 2014 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 4 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
When comparing the commissions and fees of online brokers BlackBull Markets and DooPrime, BlackBull Markets stands out with an overall rating of 4.5 stars and a ranking of #18 out of 63 brokers according to ForexBrokers.com. Trading costs at BlackBull Markets vary based on the chosen account type. The Standard account is ideal for beginners, as it is commission-free and requires no minimum deposit, although it comes with relatively higher spreads. For traders seeking lower spreads, the Prime account offers an average spread of 0.16 on the EUR/USD currency pair, with commissions adding to a total cost of 0.76. This account requires a $2,000 minimum deposit. For more active traders, the ECN Institutional account offers even lower commissions at $4 round turn, catering to those ready to deposit at least $20,000.
On the other hand, DooPrime does not provide detailed average spread data. With a commission and fees rating of 3 stars and a ranking of #59, DooPrime trails behind BlackBull Markets. While specific data about DooPrime's spreads and commission structure isn't available, their lower ranking suggests less competitive pricing compared to BlackBull Markets.
In summary, BlackBull Markets and DooPrime offer diverse choices for investors with varying priorities. BlackBull Markets provides more detailed and appealing commission structures and spread data, making it a more favorable choice for traders concerned with fees, while DooPrime offers a less competitive fee structure based on available information.
| Feature |
BlackBull Markets
|
DooPrime
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 0.71 | N/A |
| All-in Cost EUR/USD - Active | 0.71 | N/A |
| Active Trader or VIP Discounts | Yes | 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.
BlackBull Markets and DooPrime both offer forex trading through CFDs or spot contracts, catering to traders who prioritize flexibility. BlackBull Markets shines with an impressive 26,000 tradable symbols, significantly surpassing DooPrime's offering of 10,000. When it comes to forex pairs, BlackBull Markets also outnumbers DooPrime, offering 72 compared to 60, ensuring a diverse portfolio for enthusiasts focused on currency trading. Both brokers provide clients access to exchange-traded securities on both U.S. and international platforms, allowing investors to buy shares in well-known companies such as Apple and Vodafone.
While neither BlackBull Markets nor DooPrime offers the purchase of actual cryptocurrencies, BlackBull Markets does allow trading in cryptocurrency derivatives, giving an edge to those interested in crypto markets without owning the coins themselves. Both brokers extend copy trading features, appealing to investors preferring a hands-off strategy. Despite the similar five-star ratings for their range of investments, BlackBull Markets holds a superior rank of #6 in this category, compared to DooPrime's #12 according to ForexBrokers.com. This ranking reflects BlackBull Markets' vast offerings and its commitment to catering to various trading interests.
| Feature |
BlackBull Markets
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 10000 |
| Forex Pairs (Total) | 72 | 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 it comes to trading platforms and tools, both BlackBull Markets and DooPrime provide a user-friendly experience ideal for both new and seasoned traders. BlackBull Markets offers the widely acclaimed MetaTrader 4 (MT4) and MetaTrader 5 (MT5), compatible across Windows-based desktop and web platforms. Similarly, DooPrime supports these MetaTrader versions and excels with its in-house proprietary platform, offering traders an additional tailored option. Both brokers facilitate simulated trading through free virtual demo accounts, allowing users to practice strategies without financial risk. For those interested in copy trading, each broker offers this feature, although BlackBull Markets adds an edge with the inclusion of ZuluTrade. Furthermore, trading directly from stock charts is a convenient feature available on both platforms.
Charting tools are a crucial aspect for traders when analyzing the market, and BlackBull Markets impresses with 60 drawing tools compared to DooPrime's 15. This wider range is complemented by BlackBull Markets offering six fields for watch lists, slightly trailing behind DooPrime's seven. Despite BlackBull Markets being ranked #29 and DooPrime at #25 out of 63 brokers for trading platforms and tools by ForexBrokers.com, both brokerages share an equal user rating of 4 stars. These ratings reflect that while each broker has its unique strengths, traders can expect a well-rounded platform experience from both firms.
| Feature |
BlackBull Markets
|
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 | Yes | No |
| Charting - Indicators / Studies (Total) | 109 | 30 |
| Charting - Drawing Tools (Total) | 60 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both BlackBull Markets and DooPrime provide iPhone and Android versions, ensuring easy access for users across different devices. They offer stock and forex price alerts and allow drawing trendlines and viewing multiple time frames on charts. Each app also autoloads saved drawings, making for a seamless user experience. However, BlackBull Markets has an edge with its ability to sync watchlist symbols across both mobile and online platforms, meaning any changes made on one gadget will automatically update on the other. DooPrime, on the other hand, doesn't support this feature, which could be a consideration for traders looking for seamless integration.
In terms of charting capabilities, both brokers offer 30 technical studies, catering to traders who rely on technical analysis. Users can also create watchlists with real-time quotes on either app, adding to their versatility. While both apps receive a commendable 4-star rating for mobile trading, DooPrime ranks slightly higher at #25 in the ForexBrokers.com list, compared to BlackBull Markets at #31. This might indicate a marginal preference among users, highlighting DooPrime’s slight competitive advantage in the mobile trading market. Ultimately, the choice between these two could boil down to individual preferences, particularly regarding real-time syncing capabilities.
| Feature |
BlackBull Markets
|
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 | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing BlackBull Markets and DooPrime for their offerings in market research, both brokers provide useful insights but cater to different needs. BlackBull Markets delivers daily market commentary and offers tools from Autochartist for technical and fundamental analysis. They also provide a sentiment-based trading tool that displays the ratio of long and short positions on various instruments. Additionally, BlackBull Markets features an economic calendar to keep track of global economic events. However, they fall short in providing forex news from top-tier sources like Bloomberg or Reuters and lack tools from Trading Central.
On the other hand, DooPrime excels by offering daily market commentary complemented by forex news from leading sources, which can be crucial for informed decision-making. They leverage Trading Central tools for advanced technical analytics, though they do not provide Autochartist tools or sentiment-based trading metrics. Like BlackBull Markets, DooPrime also offers an economic calendar. Both brokers share an equal research rating of 4 stars, yet BlackBull Markets holds a higher position in ForexBrokers.com's research ranking, sitting at #18 compared to DooPrime's #29 out of 63 brokers reviewed.
| Feature |
BlackBull Markets
|
DooPrime
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | 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 it comes to educational resources for beginners entering the world of online trading, both BlackBull Markets and DooPrime offer a wealth of learning materials, but they cater differently to novice investors. BlackBull Markets provides more interactive learning opportunities with monthly client webinars, allowing beginners to engage with experts in real-time. They also archive these sessions for convenient future access. Additionally, BlackBull supplies a broad range of trading videos and an investor dictionary with definitions for over 50 investment terms, which can greatly aid new traders in getting up to speed with industry jargon.
On the other hand, DooPrime also offers a solid collection of beginner and advanced educational videos, helping new traders understand essential concepts at their own pace. However, they lack live and archived webinar sessions, which means less interactive learning opportunities compared to BlackBull Markets. Furthermore, DooPrime does not provide an extensive investor dictionary, making it slightly less comprehensive in explaining industry terms to beginners. Despite these differences, both platforms received a solid 4-star education rating, with DooPrime ranking slightly higher at #25 compared to BlackBull Markets' #29 ranking by ForexBrokers.com.
| Feature |
BlackBull Markets
|
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) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that BlackBull Markets is better than DooPrime. BlackBull Markets finished with an overall rank of #24, while DooPrime finished with an overall rank of #28.
BlackBull Markets is a plain-vanilla MetaTrader broker with a growing range of products and support for a handful of third-party social copy trading platforms.
| Feature |
BlackBull Markets
|
DooPrime
|
|---|---|---|
| Overall Rating |
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| Trust Score | 78 | 83 |
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While both BlackBull Markets and DooPrime do not provide the option to purchase actual delivered cryptocurrencies, BlackBull Markets distinguishes itself by offering cryptocurrency derivatives, which are not available through DooPrime.
While both BlackBull Markets and DooPrime support Skrill, Visa, Mastercard, and bank wire transfers for deposits and withdrawals, only DooPrime offers PayPal as an additional option, whereas neither broker supports 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 | BlackBull Markets | DooPrime | |
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| Trust Score | 78 | 83 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review |
| Broker Screenshots | BlackBull Markets | DooPrime | |
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| Regulation | BlackBull Markets | DooPrime | |
|---|---|---|---|
| Trust Score | 78 | 83 | |
| Year Founded | 2014 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 1 | 4 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | DooPrime | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | BlackBull Markets | DooPrime | |
|---|---|---|---|
| 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 | BlackBull Markets | DooPrime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 10000 | |
| Forex Pairs (Total) | 72 | 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 | BlackBull Markets | DooPrime | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.71 | N/A | |
| All-in Cost EUR/USD - Active | 0.71 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | BlackBull Markets | DooPrime | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | BlackBull Markets | 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | BlackBull Markets | DooPrime | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 109 | 30 | |
| Charting - Drawing Tools (Total) | 60 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BlackBull Markets | 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 | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | BlackBull Markets | DooPrime | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | 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) | Yes | No |
| Major Forex Pairs | BlackBull Markets | 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 | BlackBull Markets Review |
| Overall | BlackBull Markets | DooPrime | |
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| Trust Score | 78 | 83 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review |
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