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 |
City Index appears cheaper than DooPrime on trading costs. City Index holds a 4.5/5 star Commissions and Fees rating and ranks #15 out of 63 brokers, while DooPrime earns 3/5 stars and ranks #60/63. If keeping spreads and overall costs low is your priority, City Index generally comes out ahead.
City Index pricing for CFDs, forex, and spread betting is in line with the industry average, with an average EUR/USD spread of 0.74 pips as of July 2023. You’ll typically get the best pricing on City Index’s own platforms or MetaTrader. Cost-conscious, high-balance traders can consider the Premium Trader account (available from £10,000 deposits) for exclusive pricing and dedicated support. Professional traders may also qualify for volume rebates: in the U.K., £4 per million for more than £25M traded per month up to £7.5 per million above £300M; in Australia, AUD $4.5 to AUD $14.5 per million across tiers.
DooPrime does not provide average spread data, which makes direct cost comparisons harder. With a 3/5 star Commissions and Fees rating and a #60/63 ranking, its pricing may be less competitive. If you’re considering DooPrime, review live spreads, commissions, and financing (swap) rates on your intended instruments and account type before trading.
| Feature |
City Index
|
DooPrime
|
|---|---|---|
| Minimum Deposit | £100.00 | $100 |
| Average spread (EUR/USD) - Standard account | 1.4 | N/A |
| All-in Cost EUR/USD - Active | 0.74 | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | No | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
City Index and DooPrime both offer forex trading and cover a wide set of markets. City Index lists about 13,500 tradeable symbols and 66 forex pairs, slightly more than DooPrime’s 10,000 symbols and 60 pairs. Both support copy trading. Each earned 5 out of 5 stars for Range of Investments at ForexBrokers.com, with City Index ranked 8th out of 63 brokers and DooPrime ranked 13th.
The biggest difference is access to exchange-traded shares. City Index does not let you buy actual stocks, while DooPrime offers exchange-traded securities on both U.S. and international markets, so you can purchase names like Apple or Vodafone rather than only trading CFDs. Neither broker lets you buy real crypto, but City Index offers cryptocurrency CFDs whereas DooPrime does not. If you want the widest overall symbol count or crypto CFDs, City Index has an edge; if you want to own listed shares, DooPrime is the better fit.
| Feature |
City Index
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 13500 | 10000 |
| Forex Pairs (Total) | 66 | 60 |
| U.S. Stocks (Shares) | No | Yes |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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 check the key boxes for trading platforms and tools. Each broker offers a free demo account, a proprietary platform, a Windows desktop download, and a web-based platform. They both support copy trading and let you place trades directly from charts. MetaTrader 4 (MT4) is available at both brokers, while MetaTrader 5 (MT5) is only available at DooPrime—useful if you prefer MT5’s newer features and interface.
For overall quality, City Index holds the edge: it earns 4.5 stars and ranks #11 out of 63 brokers for Trading Platforms and Tools on ForexBrokers.com. DooPrime earns 4 stars and ranks #25 out of 63. Choose City Index if you want a higher-rated platform experience across desktop and web; pick DooPrime if MT5 support is a must alongside MT4, copy trading, and chart-based order entry.
| Feature |
City Index
|
DooPrime
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 88 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
City Index and DooPrime both offer iPhone and Android apps, plus handy price alerts. Each app lets you draw trendlines and will auto-save your chart drawings. The key usability difference is watchlists: City Index syncs watchlists between mobile and your online account, so changes carry over automatically, while DooPrime does not offer syncing.
For charting depth, City Index includes 88 technical studies compared with DooPrime’s 30, giving more tools for analysis on the go. That advantage shows in independent ratings: City Index earns 4.5 out of 5 stars and ranks #9 out of 63 brokers for Mobile Trading Apps at ForexBrokers.com, while DooPrime scores 4 stars and ranks #25. If you want richer charts and seamless watchlists across devices, City Index is the stronger pick; if you only need core features, DooPrime covers the basics.
| Feature |
City Index
|
DooPrime
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
City Index and DooPrime both deliver daily market commentary and streaming forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones. Each broker integrates Trading Central research tools, while neither uses Autochartist. City Index stands out with a sentiment-based trading tool that shows the ratio of long vs. short positions; DooPrime does not offer this feature. Both brokers include an economic calendar to track key events. City Index does not offer TipRanks or Acuity Trading tools; availability of TipRanks and Acuity Trading at DooPrime is not specified.
For overall research quality, City Index is rated 4.5 out of 5 stars and ranks #10 out of 63 brokers on ForexBrokers.com, while DooPrime holds 4 out of 5 stars and ranks #30. If you value sentiment data and a higher-rated research suite, City Index has the edge; if you mainly need daily commentary, top-tier news, and Trading Central analysis, both City Index and DooPrime cover those needs.
| Feature |
City Index
|
DooPrime
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
City Index and DooPrime both offer plenty of forex and CFD education, meeting the mark of at least 10 dedicated learning pieces. Each broker provides at least 10 beginner videos and 10 advanced videos, so new traders can start with basics and move up to more detailed topics. If you prefer learning by watching short lessons and building up your knowledge step by step, either broker will do the job.
Where City Index pulls ahead is live learning: it runs client webinars at least once a month, while DooPrime does not. That extra coaching shows in the scores—City Index earns 4.5 out of 5 stars for Education and ranks #9 out of 63 brokers, compared with DooPrime’s 4 stars and #25 ranking. For beginners who want ongoing guidance and higher-rated education, City Index is the stronger pick. If you mainly want a video library without live sessions, DooPrime remains a solid choice.
| Feature |
City Index
|
DooPrime
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
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
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| Trust Score | 99 | 83 |
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In a City Index vs DooPrime comparison for cryptocurrency trading, both online brokers do not offer buying actual (delivered) crypto, but only City Index provides cryptocurrency CFDs while DooPrime does not.
City Index vs DooPrime: City Index supports ACH/SEPA, PayPal, and bank wire deposits and withdrawals (not Skrill), while DooPrime does not support ACH/SEPA and its support for PayPal, Skrill, Visa/Mastercard, and bank wires is unspecified.
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) | |||
| 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) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | City Index | DooPrime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 13500 | 10000 | |
| Forex Pairs (Total) | 66 | 60 | |
| U.S. Stocks (Shares) | No | Yes | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 account | 1.4 | N/A | |
| All-in Cost EUR/USD - Active | 0.74 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | City Index | DooPrime | |
|---|---|---|---|
| Minimum Deposit | £100.00 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | No | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | Yes | No |
| Trading Platforms | City Index | DooPrime | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | City Index | DooPrime | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 88 | 30 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 88 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | City Index | DooPrime | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | Yes | Yes | |
| TipRanks | No | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | City Index | DooPrime | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | City Index | DooPrime | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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