Written by ForexBrokers.com
In this head to head comparison of eToro 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.
eToro and DooPrime are both prominent online brokers offering trading platforms for investors. Founded in 2007, eToro stands out as a publicly traded company, whereas DooPrime, established in 2014, is privately held. Neither broker operates as a bank. In terms of regulatory strength, eToro holds three Tier-1 licenses and one Tier-2 license, achieving a high Trust Score of 96 out of 99 by ForexBrokers.com, signifying it as a highly trusted platform.
DooPrime, on the other hand, holds four Tier-1 licenses but lacks Tier-2 licenses, earning a Trust Score of 83. This positions DooPrime as a trusted broker, though not at the same level of high trust as eToro according to the ratings. Both companies have established a significant presence in the market; however, the available regulatory credentials and trust ratings could influence investor preference, depending on their need for assurance and transparency in online trading.
| Feature |
eToro
|
DooPrime
|
|---|---|---|
| Year Founded | 2007 | 2014 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 4 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
When comparing online brokers eToro and DooPrime for their commissions and fees, eToro emerges as the more highly regarded option. eToro, known as a market-maker broker, typically offers a variable spread of 1 pip on the popular EUR/USD currency pair. This rate is slightly above the industry average, but eToro attracts traders seeking its unique social copy trading platform. In addition, eToro enhances the trading experience through its VIP club, the eToro Club, which provides five tiers of membership—Silver to Diamond. These tiers require account balances between $5,000 and $250,000 and offer benefits such as access to Trading Central, discounted transaction fees, and dedicated account management.
While eToro offers transparency with its commission rates, DooPrime currently doesn't provide average spread data, making direct comparisons challenging. Consequently, traders might consider this lack of transparency a drawback when evaluating DooPrime against other brokers. With a lower star rating of 3 out of 5 for commissions and fees, DooPrime ranks significantly lower in user satisfaction compared to eToro's 4.5-star rating. This reflects the additional value eToro provides to its clients, especially for those engaged in account activities beyond basic trading.
In a ranking from ForexBrokers.com, eToro holds the 22nd spot out of 63 brokers in the Commissions and Fees category. In contrast, DooPrime sits at a significantly lower rank of 59th, indicating a notable difference in how each platform's commission structures are perceived by traders. While eToro may not have the lowest spreads, its comprehensive set of features and higher rating make it a more appealing choice for traders when you're weighing these two brokers based primarily on commissions and fees.
| Feature |
eToro
|
DooPrime
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $100 |
| Average Spread EUR/USD - Standard | 1 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | 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 the range of investments offered by eToro and DooPrime, both online brokers shine in their own unique ways. eToro provides access to a wide array of 5,461 tradeable symbols, including 55 forex pairs, giving traders plenty of choices. Notably, eToro also offers exchange-traded securities on both U.S. and international exchanges, allowing investors to purchase stocks like Apple and Vodafone directly. Furthermore, cryptocurrency enthusiasts can benefit from eToro's offering of actual (delivered) cryptocurrencies alongside derivatives, catering to diverse investment strategies. The platform is highly rated with 5 stars for its range of investments and is ranked 10th out of 63 brokers by ForexBrokers.com.
On the other hand, DooPrime boasts an impressive catalog of 10,000 tradeable symbols, surpassing eToro in sheer volume. With 60 forex pairs available, DooPrime also provides ample opportunities for currency trading. Similar to eToro, DooPrime supports the purchase of exchange-traded securities on both U.S. and international exchanges. However, DooPrime does not currently offer the ability to buy actual cryptocurrencies or derivatives, which might be a consideration for crypto-focused investors. Nonetheless, DooPrime matches eToro with a solid 5-star rating for its range of investments and ranks slightly behind at 12th place in ForexBrokers.com's category rankings, making it a strong contender in the online brokerage sphere.
| Feature |
eToro
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 10000 |
| Forex Pairs (Total) | 55 | 60 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | 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.
When it comes to trading platforms and tools, eToro and DooPrime both have their unique strengths and offerings that cater to traders' varying needs. eToro is well-liked for its user-friendly platform and boasts a high rating of 4.5 stars for its trading tools and platforms. It features an in-house developed web-based platform with a free virtual demo account, allowing beginners to practice before diving into real trades. A standout feature of eToro is its popular copy trading option, making it an appealing choice for those seeking to mirror the strategies of successful traders. While eToro excels in social trading features, it lacks support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. It offers a generous 161 drawing tools for charting, but does not allow traders to execute trades directly from the charts.
On the other hand, DooPrime ranks strongly in the trading platforms and tools space with a solid rating of 4 stars. It provides a comprehensive trading experience through its proprietary and downloadable Windows-based platform, as well as offering both the MT4 and MT5 platforms for seasoned traders who prefer these popular options. Like eToro, DooPrime offers a free virtual demo account and copy trading opportunities. Although DooPrime includes fewer drawing tools for charting compared to eToro, it compensates by allowing trades to be made directly from stock charts, which can enhance trading efficiency. Both brokers offer well-structured watchlists, with DooPrime slightly ahead by offering seven columns to eToro's six. In rankings compiled by ForexBrokers.com, eToro holds the 8th position while DooPrime is in the 25th spot, reflecting their respective competencies in this area.
| Feature |
eToro
|
DooPrime
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 104 | 30 |
| Charting - Drawing Tools (Total) | 161 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
eToro and DooPrime both deliver mobile trading apps compatible with iPhone and Android devices, offering users a flexible trading experience on the go. Both platforms provide stock or forex price alerts and facilitate the creation of watchlists with real-time quotes. While eToro supports syncing watchlist symbols between its mobile app and online account, DooPrime lacks this feature. In terms of charting capabilities, eToro provides a more in-depth experience with 104 technical studies compared to DooPrime's 30. However, DooPrime does allow users to draw trendlines and auto-save these drawings. Both apps cater to diverse trading strategies by offering varied chart time frames.
When evaluating user ratings and rankings, eToro is slightly ahead, receiving a 4.5-star rating and ranking 10th out of 63 brokers in the Mobile Trading Apps category as per ForexBrokers.com. DooPrime follows closely, holding a 4-star rating and standing at the 25th position. The choice between these platforms might hinge on specific features like watchlist syncing and the level of charting tools available. Whether prioritizing comprehensive technical analysis or ease of use across devices, both apps present unique advantages for traders seeking an efficient mobile trading experience.
| Feature |
eToro
|
DooPrime
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of online brokers eToro and DooPrime, both provide daily market commentary to keep traders informed about the latest market trends. However, there's a distinctive edge in forex news sources, as DooPrime delivers updates from prestigious outlets like Bloomberg and Reuters, while eToro does not. For technical analysis, eToro integrates resources from Trading Central, offering valuable tools like Technical Analytics, which are also available through DooPrime. While both brokers provide economic calendars to track global economic events, eToro stands out by incorporating sentiment-based trading tools, showcasing trader positions which DooPrime lacks.
eToro further enhances its research suite with market insights from TipRanks, a feature not found with DooPrime. Neither broker presently offers research tools from Acuity Trading or Autochartist. This varied lineup of tools places eToro higher in research quality, earning a 4.5-star rating and the 13th spot in research rankings on ForexBrokers.com. In contrast, DooPrime garners a 4-star rating, ranking 29th, signifying eToro's stronger position as a provider of comprehensive market research for traders.
| Feature |
eToro
|
DooPrime
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When evaluating the educational offerings of online brokers eToro and DooPrime, both platforms provide a substantial library of resources to help beginners learn about forex and CFDs. Each platform features over 10 educational pieces such as articles, videos, and archived webinars on these topics. While eToro distinguishes itself by hosting monthly live webinars and maintaining an archive of recorded sessions, DooPrime does not offer these features. Moreover, both brokers present a collection of beginner and advanced educational videos covering essential trading topics, ensuring that users at different expertise levels can improve their skills.
Additionally, eToro enhances the learning experience for newcomers with an investor dictionary containing over 50 investing terms, a feature absent from DooPrime's offerings. These factors contribute to eToro receiving a higher education rating of 4.5 stars compared to DooPrime's 4 stars. In the education category, ForexBrokers.com ranks eToro at an impressive #5 out of 63 brokers, indicating a leading position in educational resources for traders. In contrast, DooPrime holds the #25 spot, offering a solid foundation but with room for improvement. Overall, both platforms provide valuable resources for beginners, but eToro offers a more comprehensive educational experience.
| Feature |
eToro
|
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 eToro is better than DooPrime. eToro finished with an overall rank of #9, while DooPrime finished with an overall rank of #28.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
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DooPrime
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 83 |
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When comparing eToro and DooPrime, eToro stands out by offering the ability to buy actual delivered cryptocurrencies and cryptocurrency derivatives, whereas DooPrime does not provide options to purchase either actual cryptocurrencies or their derivatives.
While both eToro and DooPrime provide diverse options for depositing and withdrawing funds, including PayPal, Skrill, Visa, Mastercard, and bank wires, eToro offers the added flexibility of ACH and SEPA transfers which are not available with DooPrime.
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 | eToro | DooPrime | |
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| Trust Score | 96 | 83 | |
| Winner | check_circle | ||
| Review | eToro Review |
| Broker Screenshots | eToro | DooPrime | |
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| Regulation | eToro | DooPrime | |
|---|---|---|---|
| Trust Score | 96 | 83 | |
| Year Founded | 2007 | 2014 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 4 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | eToro | DooPrime | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| 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). | Yes | No |
| Tier-2 Licenses (Trusted) | eToro | DooPrime | |
|---|---|---|---|
| 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 | eToro | DooPrime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 10000 | |
| Forex Pairs (Total) | 55 | 60 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | 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 | eToro | DooPrime | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | DooPrime | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $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 | Yes | No |
| Trading Platforms | eToro | DooPrime | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | eToro | DooPrime | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 104 | 30 | |
| Charting - Drawing Tools (Total) | 161 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | 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 | 104 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | DooPrime | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | eToro | 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 | eToro | 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 | eToro Review |
| Overall | eToro | DooPrime | |
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| Trust Score | 96 | 83 | |
| Winner | check_circle | ||
| Review | eToro Review |
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