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 DooPrime and Eightcap, it's important to consider their distinct approaches to pricing. DooPrime does not provide specific average spread data, making it less transparent in this aspect. Despite this, DooPrime has a rating of 3 out of 5 stars for commissions and fees and is ranked #58 out of 62 brokers by ForexBrokers.com, indicating room for improvement compared to its peers.
In contrast, Eightcap offers two account types: a commission-based Raw account and a spread-only Standard account. For those opting for the Raw account, Eightcap lists an average spread of 0.06 pips, but the overall cost, including a $3.50 per-side commission, totals approximately 0.76 pips. This cost is just below the industry standard of 0.8 pips, making Eightcap slightly more expensive than the lowest-cost forex brokers. With a rating of 4 out of 5 stars and a ranking of #26 out of 62 brokers, Eightcap is recognized for providing more competitive pricing than DooPrime.
Overall, while DooPrime offers a straightforward but less transparent fee structure, Eightcap provides a clearer picture of potential trading costs, offering a favorable choice for those who prioritize upfront pricing details. Deciding between the two will largely depend on the trader's preference for transparency and cost efficiency.
| 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 comparing DooPrime with Eightcap in terms of available investments, DooPrime clearly stands out with a massive array of 10,000 tradeable symbols, significantly surpassing Eightcap's 736. For those focused on forex trading, DooPrime offers a slight edge with 60 forex pairs compared to Eightcap's 56. Both platforms facilitate forex trading as CFDs or spot contracts, appealing to traders interested in these types of assets. In terms of conventional stock trading, DooPrime grants access to exchange-traded securities on both U.S. and international exchanges, including the ability to trade renowned stocks like Apple and Vodafone. Eightcap, on the other hand, does not provide opportunities for trading in exchange-traded securities from U.S. or international markets. Copy trading features are available on both platforms, allowing users to replicate successful trading strategies. However, when it comes to cryptocurrencies, Eightcap has an advantage by offering cryptocurrency derivatives, a feature not available on DooPrime.
Ranking and ratings further distinguish the two brokers. DooPrime earns a five-star rating for its expansive range of investments and ranks 12th among 62 brokers, reflecting its strong offering in the market. Eightcap, while still a commendable choice, receives a 3.5-star rating and stands at the 40th position. This comparison highlights DooPrime as the more comprehensive choice for investors seeking a broad spectrum of trading options, particularly for those interested in exchange-traded securities and a wider selection of forex pairs. Meanwhile, Eightcap might appeal to traders interested in cryptocurrency derivatives or those who prioritize specific features offered by the platform.
| Feature |
DooPrime
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 736 |
| 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 choosing between DooPrime and Eightcap for trading platforms and tools, both brokers provide features that cater to different trading needs. Both offer simulated trading through free virtual demo accounts, helping beginners learn the ropes and seasoned traders test strategies without risking real money. While DooPrime shines with its proprietary platform developed in-house, Eightcap relies on popular third-party solutions and lacks its own. Both brokers support Windows-based desktop platforms and web-based browser platforms, ensuring flexibility across devices. Additionally, they offer reliable copy trading services and support MetaTrader 4 and MetaTrader 5, which are widely recognized for their extensive trading capabilities.
For visual traders, DooPrime and Eightcap both offer 15 drawing tools, allowing in-depth charting analysis, and the convenience of trading directly from stock charts. Their watch list features offer seven fields, giving traders the ability to customize their tracking according to preferences. Despite being identical in these areas, there is a notable difference in rankings, with DooPrime positioned at #25 compared to Eightcap’s #38 for their trading platforms and tools category by ForexBrokers.com. Both earn a solid four-star rating, reflecting their efficient platforms but also leaving room for improvements. While neither broker includes DupliTrade or ZuluTrade, they both deliver essential capabilities appreciated by many traders.
| 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 provide iPhone and Android apps, making them accessible on the go, regardless of your preferred device. Each platform offers a comprehensive suite of features, including real-time stock and forex price alerts, the ability to draw trendlines, multiple time frame views, and auto-saving chart drawings. These tools make it easier for traders to stay informed and make educated decisions whenever, wherever. Both allow you to create watchlists with real-time quotes, although Eightcap has the added advantage of offering watchlist symbol syncing, ensuring your lists stay consistent between the mobile app and your online account.
When it comes to technical studies for charting, both DooPrime and Eightcap offer 30 options, providing ample tools for technical analysis. However, the two differ in their user ratings and rankings—both receive a commendable four-star rating for their mobile trading apps. Despite offering similar features, DooPrime is ranked higher, at #25, compared to Eightcap’s #38 ranking out of a total of 62 brokers, according to ForexBrokers.com. This difference in ranking might influence those who consider app performance and popularity as part of their decision-making process.
| 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 the market research offerings of DooPrime and Eightcap, several important differences and similarities stand out. Both brokers provide daily market commentary, which can be a valuable resource for traders looking to keep up-to-date with constant shifts in the market. However, DooPrime takes a step further by offering forex news from top-tier sources like Bloomberg and Reuters, a feature that Eightcap lacks. Additionally, DooPrime provides technical analysis tools through Trading Central, while Eightcap does not. On the other hand, Eightcap compensates by offering a sentiment-based trading tool that reveals long and short position ratios across various currency pairs, a feature not available with DooPrime.
Both brokers include an economic calendar that displays significant global news events, allowing traders to prepare for market movements. In terms of research tool partnerships with companies like Autochartist, TipRanks, and Acuity Trading, neither broker currently offers these resources. When evaluated on a five-star scale, DooPrime receives a higher rating of 4 stars for their research services, compared to Eightcap's 3.5 stars. Furthermore, in a ranking by ForexBrokers.com, DooPrime holds a more favorable position, coming in at #29 out of 62 brokers, while Eightcap is ranked #39, providing insight into the overall strength of each broker's research capabilities.
| 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 it comes to educational resources for beginners, both DooPrime and Eightcap provide an impressive variety of materials to help you get started with forex and CFD trading. Both platforms ensure access to over ten educational pieces, including articles and videos that focus on forex and CFDs. Moreover, beginners can find tailored educational videos designed to ease them into trading basics on both platforms. However, while Eightcap boasts a searchable archive of past webinars for those interested in reviewing detailed discussions, DooPrime does not offer this feature.
In terms of more advanced resources, DooPrime takes the lead by offering over ten advanced educational videos, catering to those looking to deepen their knowledge as they gain experience. Eightcap, on the other hand, lacks in this particular area, making DooPrime a stronger contender for traders wishing to progress beyond beginner levels. Eightcap, however, enhances its educational appeal with a handy investor dictionary featuring over 50 investing terms, which DooPrime does not provide. Considering ratings and rankings, DooPrime scores 4 stars and is ranked 25th out of 62 brokers by ForexBrokers.com, surpassing Eightcap, which holds 3.5 stars and is ranked 40th.
| 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 62 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 | 736 | |
| 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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