Written by ForexBrokers.com
In this head to head comparison of FinecoBank 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.
Founded in 1999, FinecoBank is a well-established institution that is publicly traded and also functions as a bank. With a Trust Score of 94 out of 99 from ForexBrokers.com, it is rated as a highly trusted online broker. FinecoBank holds two Tier-1 licenses, which signifies a high level of regulatory compliance and safety for traders. This positions FinecoBank as a reliable option for those seeking a broker with a long track record and high trustworthiness.
In comparison, DooPrime, founded in 2014, is not publicly traded and does not operate as a traditional bank. It holds a Trust Score of 83, placing it in the trusted category according to ForexBrokers.com. Impressively, DooPrime holds four Tier-1 licenses, which reflects strong regulatory adherence. While newer to the market than FinecoBank, DooPrime boasts a commendable level of trust and a competitive standing in regulatory compliance.
| Feature |
FinecoBank
|
DooPrime
|
|---|---|---|
| Year Founded | 1999 | 2014 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 4 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 3 |
When evaluating FinecoBank and DooPrime for their trading costs, FinecoBank provides limited transparency, as it does not share average spread data for forex and CFD trading. This lack of information makes it challenging to gauge the actual expenses traders might incur. FinecoBank lists a spread of 1 pip for trading the EUR/USD currency pair, which is on the higher end compared to typical industry offerings, as well as a spread of 0.8 pips. However, without clarifying whether these are average spreads or specifying a date range, potential clients are left without a clear picture of pricing. Nonetheless, FinecoBank appears to offer relatively competitive spreads on index CFDs.
DooPrime also does not disclose average spread data, which can leave traders unsure about the potential trading costs. Such a lack of transparency is critical for traders who prioritize understanding all expenses associated with their trades. With FinecoBank rated at 3.5 stars, and DooPrime receiving 3 stars for commissions and fees, both brokers have room for improvement in this area.
In terms of industry ranking for commissions and fees, FinecoBank holds the 50th position out of 62 brokers according to ForexBrokers.com, whereas DooPrime is ranked lower, at 58th place. These rankings reflect their comparative performance details and could suggest a need for both brokers to enhance their pricing or transparency to better meet trader expectations.
| Feature |
FinecoBank
|
DooPrime
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing FinecoBank and DooPrime, both brokers offer a range of investment options suitable for different traders. FinecoBank provides access to 9,770 tradeable symbols, including 54 forex pairs, and allows trading of exchange-traded securities on both U.S. and international exchanges, letting clients invest in stocks like Apple and Vodafone. Similarly, DooPrime offers 10,000 tradeable symbols with 60 forex pairs and supports the purchase of exchange-traded securities across U.S. and international markets. However, a key difference between the two is that DooPrime provides copy trading functionality, which is not available with FinecoBank.
Neither broker offers the ability to buy actual cryptocurrency or cryptocurrency derivatives, so traders seeking digital currencies might need to explore other platforms. When rated for their range of investments, FinecoBank earns 4.5 stars and holds the 16th spot out of 62 brokers on ForexBrokers.com, while DooPrime scores a full 5 stars and ranks slightly higher at 12th. These distinctions highlight DooPrime's slight edge in providing a broader spectrum of investment choices, although both remain strong contenders in the online brokerage landscape.
| Feature |
FinecoBank
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 10000 |
| Forex Pairs (Total) | 54 | 60 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | 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 considering trading platforms and tools, FinecoBank and DooPrime each offer unique features tailored to diverse trading needs. FinecoBank provides its proprietary platform that integrates seamlessly with their Windows-based and web platforms. However, it does not extend an option for simulated paper trading or support for popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). While FinecoBank lacks features such as copy trading and trading directly from stock charts, it still manages to provide a solid charting experience with seven available drawing tools.
On the other hand, DooPrime stands out with its provision of a virtual demo account, allowing traders to practice in a risk-free environment. It also supports proprietary and widely-used platforms like MT4 and MT5, along with copy trading features that enhance social trading experiences. DooPrime further strengthens its offering with the ability to trade directly from stock charts and extensive charting tools, including 15 drawing options. Despite these differences, both brokers maintain a high rating of 4 stars for their trading platforms and tools, showcasing their competitiveness in this sector. While FinecoBank ranks slightly higher at #18 compared to DooPrime's #25 as per ForexBrokers.com, traders may choose based on the specific tools and platforms that align with their personal trading strategy.
| Feature |
FinecoBank
|
DooPrime
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 30 |
| Charting - Drawing Tools (Total) | 7 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FinecoBank and DooPrime offer mobile apps for both iPhone and Android users, catering to those who need to trade on the go. Both brokers provide price alerts for stocks and forex, but neither supports watchlist symbol syncing between the mobile app and the online account. FinecoBank's mobile app features six technical studies for charting, whereas DooPrime impressively offers thirty. While FinecoBank falls short in offering trendline drawing capabilities on its app, DooPrime users can easily draw trendlines and enjoy automatic saving of their chart drawings. Both apps allow viewing of multiple time frames on a chart. However, DooPrime distinguishes itself with the capability to create a watchlist with real-time quotes, a feature missing from FinecoBank's offerings.
In terms of user satisfaction, both FinecoBank and DooPrime received a respectable four-star rating for their mobile trading apps. However, according to ForexBrokers.com, DooPrime holds a more favorable rank at #25 out of 62 brokers, compared to FinecoBank's position at #42. This ranking difference could be attributed to DooPrime's enhanced charting tools and real-time watchlist functionality, making it a potentially more attractive choice for mobile traders seeking comprehensive features.
| Feature |
FinecoBank
|
DooPrime
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing FinecoBank and DooPrime for market research offerings, both brokers show strengths and weaknesses. DooPrime stands out with the provision of daily market commentary, a feature FinecoBank lacks. Both brokers, however, provide forex news from reputable sources such as Bloomberg, Reuters, and Dow Jones. FinecoBank does not offer any technical analysis tools from Autochartist or Trading Central, whereas DooPrime enhances its service with technical analytics from Trading Central. Sentiment-based trading tools and market research from TipRanks are absent in both brokers' offerings. Furthermore, neither broker includes tools from Acuity Trading.
Both FinecoBank and DooPrime provide an economic calendar to help investors stay informed about global economic events. In terms of ratings, FinecoBank is slightly ahead with a 4.0-star rating for Research, compared to DooPrime’s 4 stars. However, DooPrime ranks higher at 29th out of 62 brokers, while FinecoBank ranks 33rd, according to ForexBrokers.com. This demonstrates a close competition between these platforms, each having its unique advantages tailored to traders' different needs.
| Feature |
FinecoBank
|
DooPrime
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | No | 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 at FinecoBank and DooPrime, several noteworthy differences emerge. FinecoBank provides monthly online educational client webinars, offering regular opportunities for live learning. Additionally, it supplies more than ten beginner trading videos, making it a solid choice for novices seeking structured guidance. Its investing dictionary is also quite extensive, with definitions for over 50 terms, helping newcomers better understand the trading landscape. However, FinecoBank does not deliver education in forex or CFDs through a minimum of ten distinct articles or videos.
DooPrime, on the other hand, excels in providing educational content specifically focused on forex or CFDs, offering a variety of materials in this area. Although it lacks regular online webinars and a comprehensive investing dictionary, DooPrime impresses with more than ten advanced educational videos, catering to more experienced traders looking to sharpen their skills. FinecoBank's education efforts have earned it a 4.0-star rating, identical to DooPrime's rating, yet DooPrime holds a higher educational ranking at number 25 out of 62 brokers compared to FinecoBank's position at number 49, showcasing its competitive edge in providing a broader array of educational resources.
| Feature |
FinecoBank
|
DooPrime
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | 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 FinecoBank is better than DooPrime. FinecoBank finished with an overall rank of #25, while DooPrime finished with an overall rank of #28.
FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.
| Feature |
FinecoBank
|
DooPrime
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 83 |
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Both FinecoBank and DooPrime do not provide the option to buy actual delivered cryptocurrency or cryptocurrency derivatives, highlighting their limited offerings in the cryptocurrency trading space.
FinecoBank supports ACH and SEPA transfers, as well as bank wires for account fund transactions, while DooPrime offers a variety of payment options including PayPal, Skrill, Visa, Mastercard, and bank wires but lacks ACH and SEPA transfer options.
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 | FinecoBank | DooPrime | |
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| Trust Score | 94 | 83 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
| Broker Screenshots | FinecoBank | DooPrime | |
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| Regulation | FinecoBank | DooPrime | |
|---|---|---|---|
| Trust Score | 94 | 83 | |
| Year Founded | 1999 | 2014 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 4 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 3 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | 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) | FinecoBank | 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 | FinecoBank | DooPrime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 10000 | |
| Forex Pairs (Total) | 54 | 60 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | 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 | FinecoBank | DooPrime | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | DooPrime | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FinecoBank | DooPrime | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FinecoBank | DooPrime | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 30 | |
| Charting - Drawing Tools (Total) | 7 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FinecoBank | DooPrime | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FinecoBank | DooPrime | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | FinecoBank | DooPrime | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FinecoBank | 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 | FinecoBank Review |
| Overall | FinecoBank | DooPrime | |
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| Trust Score | 94 | 83 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
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