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 comparing the commissions and fees of FinecoBank and DooPrime, both brokers present challenges for potential investors by not providing average spread data for forex and CFD trading. FinecoBank, however, does offer some insight, listing a spread of 1 pip for the EUR/USD and mentioning a 0.8 pip spread. It's important to note that these spreads are not specified as average values and come without a clear date range, making it difficult to assess their competitiveness fully. On the positive side, FinecoBank seems to provide lower spreads on its index CFDs, offering potential savings for traders focused on indices.
DooPrime, like FinecoBank, does not offer average spread data, which can prove challenging for traders looking for transparency in pricing. In light of this, neither brokerage makes it easy for clients to understand their trading costs upfront, potentially leaving room for ambiguity regarding overall trading expenses. This lack of clarity can be a critical factor for cost-conscious traders making a decision.
In terms of star ratings and industry rankings, FinecoBank edges slightly ahead with a 3.5-star rating for commissions and fees, compared to DooPrime’s 3-star rating. According to ForexBrokers.com, FinecoBank ranks #51 out of 63 brokers in the Commissions and Fees category, while DooPrime holds the #59 position. These rankings suggest that while neither broker excels, FinecoBank may offer slightly better terms regarding commissions and fees compared to DooPrime.
| 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 considering the range of investment options, FinecoBank and DooPrime are both solid choices for online brokers, but they cater to slightly different investor needs. FinecoBank offers 9,770 tradeable symbols and 54 forex pairs, giving traders a wide array of opportunities, including the chance to buy exchange-traded securities on both U.S. and international exchanges. However, it doesn't offer any form of cryptocurrency trading—neither direct purchases nor derivatives—and lacks copy trading options. With a strong rating of 4.5 out of 5 stars for its range of investments, FinecoBank is ranked #16 in this category by ForexBrokers.com.
On the other hand, DooPrime provides an edge with its impressive offering of 10,000 tradeable symbols and 60 forex pairs. Like FinecoBank, DooPrime allows clients to invest in exchange-traded securities across U.S. and international markets. While it doesn’t support direct cryptocurrency purchases or derivatives, DooPrime stands out with its inclusion of copy trading features, appealing to those interested in following successful strategies. With a perfect 5-star rating for its range of investments, DooPrime ranks higher at #12, underscoring its slight advantage in investment diversity compared to FinecoBank.
| 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.
FinecoBank and DooPrime are two online brokers that provide users with in-house developed platforms. Both offer comprehensive trading environments, available on Windows desktop and web-based interfaces, but they differ significantly in supporting third-party platforms and tools. DooPrime has the advantage of offering popular platforms like MetaTrader 4 and MetaTrader 5, as well as a free simulated trading account, which appeals to those seeking hands-on experience without financial risk. On the downside, FinecoBank lacks these features and does not support third-party solutions like MT4 and MT5, which could limit traders looking for established platform ecosystems.
For those interested in charting tools and drawing capabilities, DooPrime again holds the edge, providing 15 drawing tools compared to FinecoBank's seven. Additionally, DooPrime supports advanced functionalities such as trading directly from stock charts and offering copy trading, whereas FinecoBank does not. Despite these differences, both brokers score a commendable four stars for their trading platforms and tools. While FinecoBank ranks higher in the ForexBrokers.com rating, DooPrime's broader feature set offers a compelling option for traders who prioritize versatility and a hands-on approach to learning.
| 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.
When comparing the mobile trading apps of FinecoBank and DooPrime, both options are available on iPhone and Android devices and provide stock or forex price alerts to keep users informed on the go. While both apps do not currently support watchlist symbol syncing, they differ significantly in their charting features. FinecoBank offers a modest six technical studies, whereas DooPrime provides a more comprehensive 30. Moreover, only DooPrime allows users to draw trendlines and auto-save these drawings, enhancing the flexibility of chart analysis for traders.
Both apps grant the ability to view stocks or forex charts in multiple time frames; however, in terms of real-time quotes, DooPrime stands out as it allows users to create watchlists with real-time data, an option not available with FinecoBank. Despite these differences, both mobile platforms are equally rated at four out of five stars for mobile trading. Nonetheless, DooPrime gains an edge with a higher ranking in the ForexBrokers.com Mobile Trading Apps category, positioned at #25 out of 63 brokers, compared to FinecoBank's rank of #42.
| 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.
FinecoBank and DooPrime are two online brokers that offer distinct research tools for their users, each with unique features. DooPrime provides daily market commentary to keep traders informed on the latest market trends, whereas FinecoBank does not. However, both brokers provide forex news sourced from top-tier providers like Bloomberg and Reuters, ensuring traders stay updated with credible information. In terms of technical analysis tools from Autochartist, both platforms lack offerings, but DooPrime distinguishes itself by providing tools from Trading Central - a feature not present with FinecoBank. Neither broker offers a sentiment-based trading tool or research tools from TipRanks and Acuity Trading.
When it comes to tracking important economic events, both FinecoBank and DooPrime provide users with an economic calendar to facilitate market analysis. In terms of research ratings, FinecoBank and DooPrime both receive 4-star ratings out of five. However, in rankings by ForexBrokers.com, DooPrime holds a slightly better position at #29, compared to FinecoBank's rank of #33 among 63 brokers. Each platform offers valuable tools, but DooPrime’s additional resources, like Trading Central, might give it an edge for traders seeking more comprehensive research options.
| 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 to beginners at FinecoBank and DooPrime, both brokers offer a variety of tools but cater to different learning preferences. FinecoBank provides a range of educational videos tailored specifically for beginners, making it easier for newcomers to grasp fundamental trading concepts. They also conduct regular online webinars, offering real-time learning opportunities. However, they do not provide extensive resources specifically on forex or CFDs, and lack advanced video content, which might limit the depth of knowledge available for more experienced traders.
In contrast, DooPrime excels in offering a wealth of educational content on forex and CFDs, with over 10 pieces of educational materials dedicated to these topics. They also provide advanced videos for experienced traders, allowing a progressive learning path from beginner to expert levels. Yet, unlike FinecoBank, DooPrime does not host regular webinars or maintain an investor dictionary with essential trading terms. Ultimately, FinecoBank and DooPrime each achieve a 4-star rating in education, though DooPrime ranks higher overall among brokers, indicating a broader range of offerings in specific areas.
| 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 63 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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