Written by ForexBrokers.com
In this head to head comparison of City Index 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.
When comparing online brokers City Index and DooPrime, it's clear there are some significant distinctions, particularly in terms of trust and regulatory status. Founded in 1983, City Index is publicly traded and has set a strong regulatory stature with 7 Tier-1 licenses and 1 Tier-2 license. This robust regulatory foundation has helped City Index achieve an impressive ForexBrokers.com Trust Score of 99, reflecting a high trust rating. Although it is not a bank, City Index’s status as a publicly traded company adds another layer of transparency and reliability for traders.
Founded in 2014, DooPrime, while not publicly traded, still presents a competitive option with 4 Tier-1 licenses, but no Tier-2 licenses. This regulatory setup helps it earn a respectable Trust Score of 83 from ForexBrokers.com, marking it as a trusted entity for potential investors. While both brokers are not banks, the marked differences in their regulatory credentials and Trust Scores might influence traders when deciding which platform aligns best with their trading needs and risk preferences.
| Feature |
City Index
|
DooPrime
|
|---|---|---|
| Year Founded | 1983 | 2014 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 4 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
When comparing online brokers City Index and DooPrime, City Index offers more competitive and transparent commissions and fees. City Index's pricing for CFDs, forex, and spread-betting is in line with industry standards, and it offers an attractive Premium Trader account for active traders with deposits over £10,000. This account provides exclusive pricing, dedicated customer service, and more. City Index's average spread on the EUR/USD is 0.74 pips, which is competitive but not as low as leading brokers like Tickmill and FP Markets. They also offer rebates for active traders, with U.K.-based professional traders eligible for rebates starting at £4 per million, increasing with higher trade volumes.
On the other hand, DooPrime's commission and fees details, including average spreads, are not readily available, making it difficult for traders to assess its competitiveness. This lack of transparency might be a point of consideration for those comparing brokers on cost-effectiveness. City Index's robust offering has earned it a 4.5-star rating for commissions and fees, positioning it 14th out of 63 brokers evaluated by ForexBrokers.com.
Meanwhile, DooPrime has a lower rating of 3 stars and ranks 59th in the same category. Traders seeking competitive pricing and clear fee structures may find City Index a more appealing choice due to its higher ranking and detailed fee explanation.
| Feature |
City Index
|
DooPrime
|
|---|---|---|
| Minimum Deposit | £100.00 | $100 |
| Average Spread EUR/USD - Standard | 1.4 | N/A |
| All-in Cost EUR/USD - Active | 0.74 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
City Index and DooPrime both provide extensive investment opportunities, particularly excelling in forex trading where they offer CFDs and spot contracts. City Index stands out with 13,500 tradeable symbols and 66 forex pairs compared to DooPrime's 10,000 symbols and 60 forex pairs. Despite these figures, both platforms earn a strong five-star rating for their range of investments. City Index ranks slightly higher at #8 compared to DooPrime’s #12 in ForexBrokers.com's list.
For those interested in purchasing actual stocks, DooPrime offers an edge by providing access to U.S. and international exchanges, allowing clients to invest in companies like Apple and Vodafone. In contrast, City Index does not offer non-CFD securities on these exchanges. While both brokers allow copy trading, there's a distinction in cryptocurrency trading: City Index enables trading in cryptocurrency derivatives, whereas DooPrime does not offer this option or the ability to buy actual cryptocurrencies.
| Feature |
City Index
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 13500 | 10000 |
| Forex Pairs (Total) | 66 | 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 (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.
City Index and DooPrime both offer a range of trading platforms and tools designed to cater to traders of all experience levels. Both brokers provide simulated trading with free virtual demo accounts, allowing users to practice strategies without risk. Each has developed its own proprietary trading platforms, which can be accessed via Windows desktop and web-based platforms, ensuring flexibility and convenience. For those interested in copy trading, both brokers support this feature, as well as MetaTrader 4 (MT4) for those favoring this popular platform. However, only DooPrime offers MetaTrader 5 (MT5), a step up from MT4 for traders opting for enhanced features and functionalities.
When it comes to charting capabilities, City Index appears to have a slight edge, offering 239 drawing tools compared to DooPrime's 15. Both platforms support trading directly from stock charts, a feature appreciated by many active traders. In terms of watch list customization, City Index allows for more fields with 11 column options, compared to DooPrime's 7. Rated 4.5 stars for trading platforms and tools, City Index ranks 11th out of 63 brokers according to ForexBrokers.com, while DooPrime, with a 4-star rating, ranks 25th. This comparison highlights City Index's broader toolset and slightly higher user satisfaction over DooPrime.
| Feature |
City Index
|
DooPrime
|
|---|---|---|
| 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) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 88 | 30 |
| Charting - Drawing Tools (Total) | 239 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, City Index and DooPrime both offer strong options for users with iPhone and Android devices, featuring price alerts, multiple time frame views, and the ability to draw trendlines. City Index stands out by providing watchlist symbol syncing, allowing your watchlist to seamlessly update across platforms, while DooPrime lacks this feature. In terms of technical studies available, City Index offers a considerable 88 options, providing more charting flexibility compared to DooPrime’s 30.
Both apps allow you to create a watchlist with real-time quotes and save chart drawings automatically. However, users may notice a difference in overall satisfaction, as City Index holds a higher user rating of 4.5 out of 5 stars, compared to DooPrime's 4 stars. Reflecting this, ForexBrokers.com ranks City Index as the 9th best out of 63 brokers for their mobile trading app, while DooPrime comes in at 25th, highlighting City Index's edge in this competitive field.
| Feature |
City Index
|
DooPrime
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | 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.
City Index and DooPrime both excel in providing daily market commentary and top-tier forex news from sources like Bloomberg and Reuters, ensuring traders receive timely and reliable information. Additionally, both brokers offer research and analysis tools from Trading Central, giving their users access to powerful market insights. While City Index offers a sentiment-based trading tool that tracks long and short positions across various instruments, DooPrime does not have this feature, which might be a factor for sentiment-focused traders. Both platforms include an economic calendar to keep traders informed about global news events, but neither offers tools or insights from firms like Acuity Trading or TipRanks.
Rated at 4.5 stars for research, City Index holds a competitive edge over DooPrime, which earned a solid 4-star rating. This difference is reflected in their rankings, with City Index positioned at #10 and DooPrime at #29 among 63 brokers according to ForexBrokers.com. For traders prioritizing comprehensive research, tools, and resources, City Index may prove to be a more favorable choice given its higher ratings and the additional sentiment-based trading tool it offers.
| Feature |
City Index
|
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 the educational resources available to beginners from online brokers, City Index and DooPrime both offer strong options for gaining knowledge in forex and CFDs trading. Both brokers provide a wealth of over ten educational materials such as articles, videos, and archived webinars focusing on forex and CFDs. City Index, however, stands out with its commitment to continuous learning by offering monthly online educational webinars and maintaining a searchable archive of previously recorded sessions, features not available with DooPrime. Furthermore, City Index offers an investor dictionary with over 50 investing terms that can be invaluable for beginners, whereas DooPrime does not provide a similar resource.
Both brokers deliver at least ten beginner and advanced educational videos covering various trading topics, ensuring that both newbies and seasoned traders can find valuable content tailored to their experience level. This comprehensive approach helps City Index achieve a higher education rating of 4.5 stars, compared to DooPrime's 4 stars. Reflective of this difference in ratings, City Index is ranked 9th out of 63 brokers by ForexBrokers.com for educational offerings, while DooPrime is positioned at 25th. This ranking underscores City Index’s comprehensive support for those keen on learning and mastering trading skills.
| Feature |
City Index
|
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 City Index is better than DooPrime. City Index finished with an overall rank of #8, while DooPrime finished with an overall rank of #28.
Backed by StoneX Group, City Index is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.
| Feature |
City Index
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DooPrime
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 83 |
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While City Index provides the option to trade cryptocurrency derivatives, neither City Index nor DooPrime offer the ability to buy actual cryptocurrencies directly.
When comparing City Index to DooPrime for funding options, City Index supports ACH and SEPA transfers, while DooPrime does not; both offer PayPal and credit card (Visa or Mastercard) transactions, but only DooPrime provides Skrill as an option, with both platforms allowing bank wire 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 | City Index | DooPrime | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | City Index Review |
| Broker Screenshots | City Index | DooPrime | |
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| Regulation | City Index | DooPrime | |
|---|---|---|---|
| Trust Score | 99 | 83 | |
| Year Founded | 1983 | 2014 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 4 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | City Index | DooPrime | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | 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) | City Index | 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 | City Index | DooPrime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 13500 | 10000 | |
| Forex Pairs (Total) | 66 | 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 (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 | City Index | DooPrime | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | N/A | |
| All-in Cost EUR/USD - Active | 0.74 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | City Index | DooPrime | |
|---|---|---|---|
| Minimum Deposit | £100.00 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | City Index | DooPrime | |
|---|---|---|---|
| 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) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | City Index | DooPrime | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 88 | 30 | |
| Charting - Drawing Tools (Total) | 239 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | City Index | 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 | 88 | 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 | City Index | 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 | City Index | 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 | City Index | 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 | City Index Review |
| Overall | City Index | DooPrime | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | City Index Review |
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