Written by ForexBrokers.com
In this head to head comparison of DooPrime vs Eightcap, 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.
Established in 2014, DooPrime stands as a reputable choice in the online brokerage scene, earning a Trust Score of 83 out of 99 from ForexBrokers.com. This score classifies DooPrime within the trusted category, reflecting its credibility in the industry. Moreover, DooPrime holds four Tier-1 licenses, which are highly trusted and signal a strong regulatory standing. While not publicly traded or functioning as a bank, DooPrime's foundation and regulatory compliance contribute to its trustworthiness in the trading community.
Eightcap, founded in 2009, is another prominent online broker with a slightly higher Trust Score of 85 out of 99, securing its position in the trusted category as well. With three Tier-1 licenses, Eightcap demonstrates a substantial level of trust similar to DooPrime. Like DooPrime, it is neither publicly traded nor a bank, but its regulatory compliance through multiple Tier-1 licenses supports its trusted reputation. Both brokers cater to traders seeking secure and reliable platforms, each with their unique strengths in regulatory compliance.
| Feature |
DooPrime
|
Eightcap
|
|---|---|---|
| Year Founded | 2014 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 3 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When comparing the commissions and fees of online brokers DooPrime and Eightcap, it's clear that both platforms have distinct pricing structures. DooPrime does not provide average spread data, which can make it challenging for traders to assess potential costs upfront. Despite this, DooPrime has earned a three-star rating in this category and is ranked 59th out of 63 brokers by ForexBrokers.com. This positioning suggests that while it may have certain competitive qualities, it might not be the most cost-effective choice for all traders.
In contrast, Eightcap offers greater transparency with its fees, providing two account options— the commission-based Raw account and the spread-only Standard account. The Raw account features an average spread of 0.06 pips; however, adding the $3.50 commission per trade results in a total cost of about 0.76 pips. This all-in cost is slightly below the industry average of 0.8 pips, presenting a competitive edge for traders opting for this account type. Overall, Eightcap is rated four stars for commissions and fees and is ranked 26th among its peers, signaling more favorable pricing for traders compared to DooPrime.
Understanding the pricing models of DooPrime and Eightcap is essential for traders looking to minimize costs. While Eightcap provides a clearer picture with its cost structures and ranks higher overall, DooPrime's lack of disclosed average spread data might leave more to be explored for potential users. Aspiring traders should assess their personal trading preferences and needs to determine which broker aligns best with their financial strategies.
| Feature |
DooPrime
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | N/A | 1.0 |
| All-in Cost EUR/USD - Active | N/A | 0.76 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | 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.
When considering the range of investments offered by online brokers, DooPrime and Eightcap stand out with distinct offerings suited to different types of investors. DooPrime impresses with an extensive selection of 10,000 tradeable symbols, including 60 forex pairs, providing a broad landscape for traders to explore. Furthermore, it enables clients to invest in exchange-traded securities on both U.S. and international exchanges, offering the opportunity to purchase stocks like Apple and Vodafone. In contrast, Eightcap provides access to 800 tradeable symbols, including 56 forex pairs, but does not offer the chance to buy direct shares on U.S. or international exchanges.
Both DooPrime and Eightcap facilitate forex trading through CFDs while supporting copy trading for those interested in mirroring the strategies of seasoned investors. However, only Eightcap allows purchasing cryptocurrency derivatives, enhancing its appeal to traders interested in the crypto market, albeit not the actual cryptocurrencies themselves. These capabilities contribute to DooPrime receiving a stellar five-star rating for its range of investments, placing it at an impressive 12th out of 63 brokers in the ForexBrokers.com rankings. Conversely, Eightcap holds a 3.5-star rating, positioning it at 40th, reflecting its more limited investment offerings compared to DooPrime.
| Feature |
DooPrime
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 800 |
| Forex Pairs (Total) | 60 | 56 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | Yes |
| 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 comparing DooPrime and Eightcap's trading platforms and tools, both brokers offer resources that cater to a range of trading needs. For traders interested in practicing without risk, both platforms provide simulated trading options in the form of free virtual demo accounts. While DooPrime distinguishes itself by offering a proprietary platform crafted in-house, Eightcap relies on established third-party solutions. Traders will find both brokers support Windows-based desktop platforms and web-based options, as well as the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Each broker also provides support for copy trading. However, neither offers integration with DupliTrade or ZuluTrade, platforms known for social trading and investment strategies.
In terms of technical features, both DooPrime and Eightcap provide 15 drawing tools for charting, with the ability to trade directly from a stock chart. Their watch lists offer seven columns for fields, allowing traders to organize and monitor their investments efficiently. Despite their comprehensive offerings, both brokers earn a four-star rating for their trading platforms and tools. Nevertheless, DooPrime outranks Eightcap in this category, being placed at #25 compared to Eightcap's #38 out of 63 brokers on ForexBrokers.com. This ranking reflects nuances in user experience and functionality that some traders may find impactful.
| Feature |
DooPrime
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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 | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both DooPrime and Eightcap offer mobile trading apps for iPhone and Android users, making them accessible to traders on the go. Beyond simple accessibility, both apps provide essential features like stock and forex price alerts, trendline drawing capabilities, and support for multiple time frames on charts. Users of both apps can enjoy creating watchlists with real-time quotes, benefiting from 30 technical studies for in-depth chart analysis. Additionally, drawings on charts are auto-saved for convenience, ensuring traders can easily continue their analysis without losing progress.
However, there is a notable difference regarding watchlist syncing. Eightcap has an edge here, allowing watchlists in the mobile app to sync seamlessly with the customer's online account, a feature that DooPrime lacks. Despite these differences, both brokers receive a solid rating of four stars for their mobile trading apps. In rankings, DooPrime stands at position #25, while Eightcap is slightly lower at #38 out of 63 brokers evaluated by ForexBrokers.com. This ranking highlights a slight preference in overall mobile trading experience for DooPrime.
| Feature |
DooPrime
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| 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 DooPrime and Eightcap for market research, both offer daily market commentary and economic calendars, giving traders timely insights into global events. However, DooPrime takes the lead in providing forex news from top-tier sources like Bloomberg and Reuters, which Eightcap lacks. Additionally, DooPrime offers advanced technical analytics through Trading Central, whereas Eightcap does not, marking a significant difference in the depth of research tools available to users. On the flip side, Eightcap offers a sentiment-based trading tool for traders interested in understanding market moods, a feature not available with DooPrime.
In terms of overall research quality, DooPrime is rated slightly higher at four stars compared to Eightcap’s 3.5 stars. This distinction is further supported by their rankings from ForexBrokers.com, where DooPrime holds the 29th position out of 63 brokers, and Eightcap ranks 39th. Both platforms have their strengths, but DooPrime edges ahead with its inclusion of high-quality news sources and comprehensive technical analysis tools.
| Feature |
DooPrime
|
Eightcap
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | Yes |
| 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 tailored for beginners at DooPrime and Eightcap, both online brokers provide a good starting point with over ten educational materials such as articles and videos focused on forex and CFD trading. However, DooPrime takes the lead with a larger library that includes comprehensive videos targeting both beginner and advanced traders. This broad spectrum of educational content makes DooPrime particularly appealing for traders seeking to expand their knowledge across all levels of expertise. Despite this advantage, DooPrime does not offer online client webinars or a searchable archive of past webinar sessions, which might be a drawback for learners who prefer live or interactive formats.
In contrast, Eightcap offers a searchable archive of recorded webinars, providing accessibility to educational sessions at any convenient time, but lacks advanced video content for more experienced traders. They do provide an investor dictionary with definitions for over 50 trading terms, which can be a valuable resource for learning industry jargon. While Eightcap and DooPrime both have educational strengths, DooPrime has been rated higher with 4 stars compared to Eightcap's 3.5 stars, and ranks better among 63 brokers, securing the 25th position in the education category at ForexBrokers.com, whereas Eightcap sits at the 40th position. Overall, the choice might rest on what specific educational features align best with a trader’s personal learning style and level.
| Feature |
DooPrime
|
Eightcap
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that DooPrime is better than Eightcap. DooPrime finished with an overall rank of #28, while Eightcap finished with an overall rank of #38.
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.
| Feature |
DooPrime
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Eightcap
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 85 |
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While neither DooPrime nor Eightcap provides the option to purchase actual delivered cryptocurrency, Eightcap does offer the capability to trade cryptocurrency derivatives, unlike DooPrime.
Both DooPrime and Eightcap do not support ACH or SEPA transfers for account funding, but they both offer PayPal, Skrill, Visa or Mastercard, and bank wires as options for depositing and withdrawing funds.
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 | DooPrime | Eightcap | |
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| Trust Score | 83 | 85 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
| Broker Screenshots | DooPrime | Eightcap | |
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| Regulation | DooPrime | Eightcap | |
|---|---|---|---|
| Trust Score | 83 | 85 | |
| Year Founded | 2014 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 4 | 3 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | 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). | No | Yes |
| Tier-2 Licenses (Trusted) | DooPrime | Eightcap | |
|---|---|---|---|
| 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 | DooPrime | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 800 | |
| Forex Pairs (Total) | 60 | 56 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | Yes | |
| 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 | DooPrime | Eightcap | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.0 | |
| All-in Cost EUR/USD - Active | N/A | 0.76 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | Eightcap | |
|---|---|---|---|
| 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 | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | DooPrime | Eightcap | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | No | No | |
| ZuluTrade | No | No |
| Trading Tools | DooPrime | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | DooPrime | Eightcap | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| 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 | DooPrime | Eightcap | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | Eightcap | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | DooPrime | Eightcap | |
|---|---|---|---|
| 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 | Eightcap Review |
| Overall | DooPrime | Eightcap | |
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| Trust Score | 83 | 85 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
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