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 offers pricing for trading CFDs, forex, and spread-betting products that aligns with the industry average. The best rates are accessible via their proprietary platforms or MetaTrader. They provide a Premium Trader account for active investors depositing over £10,000, featuring exclusive pricing and dedicated customer service. Their CFD account has a spread of 0.74 pips on the EUR/USD, which is competitive, though not quite top-tier compared to leading brokers like Tickmill and FP Markets. Additionally, professional traders in the UK can benefit from rebates starting at £4 per million for trading volumes exceeding £25 million per month, with potential rebates climbing to £7.5 per million for trades above £300 million. In Australia, these rebates range from AUD $4.5 per million for tier one to AUD $14.5 per million for tier three.
In comparison, DooPrime's average spread data is not publicly available, making direct cost comparison somewhat challenging for traders seeking transparency. Without this crucial information, assessing their competitiveness against other brokers becomes difficult, especially for those requiring precise spread data for informed decision-making.
City Index stands out with a commission and fees rating of 4.5 stars, securing the 14th spot out of 62 brokers according to ForexBrokers.com. This suggests a strong reputation in cost-effectiveness and trader satisfaction. In contrast, DooPrime holds 3 stars and is ranked 58th in the same category, indicating room for improvement in their fee structures and pricing transparency.
| 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 excel in offering a diverse range of investments, though they cater to different types of traders. City Index stands out with an impressive 13,500 tradeable symbols, including 66 forex pairs available as CFDs or spot contracts, but it does not provide access to exchange-traded securities on U.S. or international exchanges. DooPrime, while offering a slightly smaller catalog of 10,000 symbols, provides 60 forex pairs and allows clients to trade exchange-traded securities such as U.S. stocks like Apple and international shares like Vodafone. Both platforms support copy trading, though City Index has a leg up by offering cryptocurrency derivatives, a feature that DooPrime lacks.
Although both brokers are rated 5 stars for their range of investments, their rankings differ slightly, with City Index securing the 8th position and DooPrime holding the 12th place according to ForexBrokers.com. This slight edge could be attributed to City Index's wide variety of forex pairs and its cryptocurrency derivative offerings. On the other hand, traders seeking direct investment in exchange-traded securities might favor DooPrime, as it provides access to both U.S. and international markets. Ultimately, the choice between these two brokers depends on each trader’s specific investment needs and preferences.
| 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 present a strong array of trading platforms and tools suited for online trading. Both brokers provide their users with a simulated trading environment, offering free virtual demo accounts to test strategies without real financial risks. In terms of platform diversity, both brokers develop in-house proprietary platforms and support Windows desktop downloads, alongside web-based interfaces for ease of access. For those keen on social trading, both firms also accommodate copy trading. MetaTrader 4 (MT4) is supported by both, although only DooPrime includes MetaTrader 5 (MT5) options, potentially appealing to traders looking for more advanced features.
When it comes to charting tools, City Index boasts a significantly larger number of drawing tools with 239, compared to DooPrime's 15, offering greater flexibility for in-depth analysis. Both brokers enable direct trading from stock charts, enhancing the trading experience. Watch list customization shows a difference, where City Index provides 11 columns, more than DooPrime's 7. With a rating of 4.5 stars for trading platforms and tools, City Index ranks 10th out of 62 brokers according to ForexBrokers.com, showcasing a competitive edge compared to DooPrime’s 4-star rating and 25th position. These distinctions highlight City Index’s appeal for traders seeking comprehensive platform features and tools.
| 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 comparing City Index and DooPrime in terms of their mobile trading apps, both platforms cater to iPhone and Android users, ensuring wide accessibility. Each offers stock or forex price alerts and supports the drawing of trendlines on charts, providing users with vital tools for managing their trades on-the-go. However, City Index takes the lead with a higher number of technical studies, boasting 88 compared to DooPrime's 30. Both apps offer multiple time frames and auto-save chart drawings to make trading fluid. Moreover, while both brokers support watchlist creation with real-time quotes, only City Index allows watchlist symbol syncing with the client’s online account.
The quality and functionality offered by these platforms can also be seen in their ratings; City Index achieves an impressive 4.5 stars, compared to DooPrime's solid 4 stars. Furthermore, ForexBrokers.com ranks City Index at #9 out of 62 brokers for mobile trading apps, while DooPrime comes in at #25. If you're seeking a more comprehensive mobile trading experience with a broader range of tools, City Index emerges as the stronger contender. However, DooPrime provides reliable options for those who value straightforward functionality. Both platforms are equipped to accommodate traders looking to remain active whether at home or on the move.
| 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.
When it comes to market research, both City Index and DooPrime offer reliable resources for traders. Each provides daily market commentary and forex news from top-tier sources like Bloomberg and Reuters, ensuring you stay updated with the latest financial insights. Additionally, they both support advanced technical analysis through Trading Central, offering robust tools for informed decision-making. While City Index and DooPrime don't use Autochartist or TipRanks, they do offer comprehensive economic calendars to keep you aware of global news events. However, a notable distinction is that City Index includes a sentiment-based trading tool, providing insights into market positions, which DooPrime lacks.
In terms of research ratings, City Index edges out with a 4.5-star rating, compared to DooPrime's 4 stars. This difference is reflected in ForexBrokers.com's rankings, where City Index is positioned at #10, a significantly higher placement than DooPrime's ranking of #29 out of 62 brokers. These assessments highlight City Index's slightly superior standing in providing market research, offering traders an enriched, valuable experience in comparison to DooPrime. Whether you prioritize economic updates or market sentiment tools, both platforms cater to essential trading needs, allowing you to craft strategies based on solid data and insights.
| 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 comparing the educational resources available for beginners from City Index and DooPrime, both brokers provide a solid foundation with a range of materials aimed at novice traders. City Index offers a wealth of resources, including over ten educational pieces focusing on forex and CFDs. Importantly, they provide online client webinars each month, which are a valuable tool for real-time learning and interaction. Additionally, City Index makes a searchable archive of past webinars available, adding flexibility to the learning process. Their collection also includes more than ten beginner-friendly videos, specifically designed to simplify trading concepts. Notably, City Index provides an investor dictionary to help new traders understand complex trading terms, making the learning path smoother.
In comparison, DooPrime also offers over ten educational pieces about forex and CFDs, along with more than ten beginner and advanced videos tailored to various skill levels. However, they fall short in interactive learning opportunities and resource accessibility. DooPrime lacks regular client webinars and a searchable archive of previous sessions, which may limit newcomers seeking live insights. They also do not offer an investor dictionary, which could be a vital tool for those new to trading jargon. Overall, City Index outranks DooPrime in educational offerings, rated 4.5 stars and ranked 9th among 62 brokers, while DooPrime is rated 4 stars and holds the 25th spot, suggesting City Index is the more comprehensive choice for educational resources aimed at beginners.
| 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 62 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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|---|---|---|
| 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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