Written by ForexBrokers.com
In this head to head comparison of Fineco 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.
Established in 1999, Fineco is not only an online brokerage firm but also operates as a bank and is publicly traded. With a commendable Trust Score rating of 94 out of 99 on ForexBrokers.com, Fineco is considered a highly trusted platform for online trading. This confidence is further strengthened by its possession of 2 Tier-1 licenses, the highest level of regulatory trust. The comprehensive backing of regulatory oversight and its status as a bank contribute to its credibility and reliability in the trading world.
In comparison, DooPrime, founded in 2014, is an online broker that holds an 83 out of 99 Trust Score from ForexBrokers.com, marking it as a trusted platform. While not publicly traded or a bank, DooPrime excels with 4 Tier-1 licenses, surpassing Fineco in terms of top-level regulatory accreditation. This foundation of trust and substantial regulation contributes to a secure trading environment, making it a solid choice for individuals seeking trustworthy online trading services. Despite the differences in structure and age, both Fineco and DooPrime offer reliable options backed by significant regulatory credentials.
| Feature |
Fineco
|
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 comparing Fineco and DooPrime for their commissions and fees, you'll find that both brokers have areas for improvement. With regards to Fineco, the lack of data on average spreads for forex and CFD trading makes it challenging to gauge the true cost of trading. Fineco lists a spread of 1 pip for EUR/USD, which, even if it were an average, is higher than what most forex brokers typically offer. Additionally, Fineco describes a spread of 0.8 pips, but without indicating that it's an average figure or providing a date range for this pricing. Despite this, Fineco seems to have lower spreads on its index CFDs. Fineco has been given a rating of 3.5 stars for commissions and fees.
On the other hand, DooPrime, like Fineco, does not offer average spread data, which also hampers transparency in understanding its trading costs. While both brokers lag in this area, Fineco slightly edges out DooPrime with a slightly better star rating. DooPrime has been rated 3 stars for its commissions and fees.
In terms of rankings by ForexBrokers.com, Fineco stands at #51 out of 63 brokers, while DooPrime follows closely behind at #59. These rankings reflect their performance in the Commissions and Fees category, indicating that both brokers may not be the top choice for traders seeking low trading costs and full transparency.
| Feature |
Fineco
|
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 Fineco and DooPrime for their investment offerings, both brokers provide substantial options for traders. Fineco offers 9,770 tradeable symbols, including the ability to trade forex both as CFDs or spot contracts with 54 forex pairs. On the other hand, DooPrime provides a slightly broader selection with 10,000 tradable symbols and 60 forex pairs available, also permitting forex trading via CFDs or spot contracts. Both brokers support trading exchange-listed securities on U.S. and international exchanges, allowing clients to invest in shares of renowned companies such as Apple and Vodafone. However, neither Fineco nor DooPrime offers the capability to purchase actual or derivative cryptocurrencies. A key difference between the two brokers is that DooPrime offers copy trading, while Fineco does not.
In terms of their ratings and rankings, DooPrime receives a higher rating for the range of investments, gaining a full 5-star score compared to Fineco’s 4.5 stars. Furthermore, DooPrime holds the 12th position out of 63 brokers as ranked by ForexBrokers.com, surpassing Fineco, which sits at 16th place. Both brokers present solid options for a variety of investments, but DooPrime may have a slight edge for investors seeking a wider range of symbols and features like copy trading.
| Feature |
Fineco
|
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 evaluating the trading platforms and tools offered by Fineco and DooPrime, both brokers present distinct features tailored for a wide range of traders. Fineco, although not providing a virtual demo account for simulated trading, has developed its own proprietary platform accessible via both Windows desktop and web-based applications, ensuring an integrated experience for users. On the other hand, DooPrime offers a virtual demo account that can be invaluable for new traders. Moreover, DooPrime goes a step further by supporting both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), making it an attractive choice for those familiar with these popular platforms. While Fineco doesn't support copy trading, DooPrime provides this feature, accommodating traders interested in mirroring others' strategies.
When it comes to charting tools, Fineco provides users with seven drawing tools, while DooPrime enhances the charting experience with 15 drawing tools, allowing for more detailed analysis. Additionally, DooPrime stands out with its feature enabling direct trading from stock charts, which is absent in Fineco's offerings. For watch lists, DooPrime provides seven columns, allowing users to better organize and monitor their trades. Despite their differences, both brokers are rated four stars for their trading platforms and tools, with Fineco ranking slightly higher at 18th in comparison to DooPrime's 25th place according to ForexBrokers.com. These ratings reflect their strong offerings while highlighting areas that may appeal to different trading preferences.
| Feature |
Fineco
|
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.
Fineco and DooPrime both offer mobile trading apps compatible with iPhone and Android devices, ensuring you can trade on the go regardless of your smartphone preference. Additionally, both apps provide stock or forex price alerts, keeping users informed of market changes. However, neither app offers syncing for watchlist symbols between the mobile app and online account, which may be a consideration for traders who manage their portfolios across multiple devices.
When it comes to charting features in their mobile apps, DooPrime takes the lead with 30 technical studies available compared to Fineco's six. Plus, DooPrime supports the ability to draw trendlines on stock or forex charts, a feature Fineco lacks. DooPrime also allows for auto-saving drawings and creating watchlists with real-time quotes, which Fineco does not. Despite both apps having a rating of four stars for mobile trading, DooPrime is ranked higher at #25 by ForexBrokers.com, compared to Fineco's rank of #42, indicating a stronger overall trading experience in DooPrime's mobile app.
| Feature |
Fineco
|
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 the research features of Fineco and DooPrime, both brokers provide forex news from renowned sources like Bloomberg and Reuters, offering traders credible market information. However, while DooPrime excels in providing daily market commentary, this feature is notably absent with Fineco. Furthermore, DooPrime stands out by offering technical analysis tools from Trading Central, while Fineco lacks this feature. Both brokers provide an economic calendar that details upcoming global news events, helping traders stay informed on key economic developments.
In terms of ratings, both Fineco and DooPrime are valued at 4 stars for their research offerings. However, DooPrime is ranked slightly higher at #29, compared to Fineco’s #33, among 63 brokers assessed by ForexBrokers.com. Despite their shared strengths and similar overall ratings, DooPrime’s additional offerings in daily commentary and technical analysis could make it a more attractive choice for traders seeking comprehensive market insights.
| Feature |
Fineco
|
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 | ||
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing the educational resources for beginners at Fineco and DooPrime reveals some key differences that cater to diverse learning needs. Fineco provides monthly online educational webinars, which are beneficial for those seeking ongoing interaction and the opportunity to engage in real-time with educational content. Additionally, Fineco offers a selection of beginner-focused trading videos and a comprehensive investor dictionary featuring more than 50 investing terms, which can be immensely useful for those starting their trading journey. However, Fineco does not provide a searchable archive of past webinars or a wide range of educational content specifically focused on forex or CFDs.
In contrast, DooPrime excels by offering over 10 educational resources focused on forex and CFDs, catering to those who wish to dive deeper into these specific areas. For beginners, DooPrime provides a variety of educational videos, much like Fineco. However, the platform stands out for its range of advanced videos, designed for traders looking to enhance their expertise. Despite lacking a monthly webinar series and an investor dictionary, DooPrime's targeted educational materials earn it a higher ForexBrokers.com ranking compared to Fineco. Both brokers are rated equally with four stars for their educational offerings, though their approaches differ significantly.
| Feature |
Fineco
|
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 63 of the best forex brokers, our research and account testing finds that Fineco is better than DooPrime. Fineco 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 |
Fineco
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DooPrime
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 83 |
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Both Fineco and DooPrime do not offer the ability to buy actual (delivered) cryptocurrencies or cryptocurrency derivatives, providing no options for cryptocurrency trading beyond traditional assets.
When comparing online brokers Fineco and DooPrime, Fineco supports ACH and SEPA transfers as well as bank wires for deposits and withdrawals, whereas DooPrime does not offer ACH or SEPA but provides options such as PayPal, Skrill, Visa, Mastercard, and also bank wires.
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 | Fineco | DooPrime | |
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| Trust Score | 94 | 83 | |
| Winner | check_circle | ||
| Review | Fineco Review |
| Broker Screenshots | Fineco | DooPrime | |
|---|---|---|---|
| Broker Gallery (click to expand) |
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| Regulation | Fineco | 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) | Fineco | 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) | |||
| 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) | Fineco | DooPrime | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| 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) |
| Investments | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | DooPrime | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | |||
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Fineco | 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 | Fineco | 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 | Fineco Review |
| Overall | Fineco | DooPrime | |
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| Trust Score | 94 | 83 | |
| Winner | check_circle | ||
| Review | Fineco Review |
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