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DooPrime vs FlowBank 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is DooPrime better than FlowBank? In our analysis of 23 international regulators across 39 of the best forex brokers, DooPrime is considered average-risk, with an overall Trust Score of 84 out of 99. FlowBank is considered average-risk, with an overall Trust Score of 77 out of 99. Learn more about Trust Score.

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Overall RatingDooPrimeFlowBankIG
Overall Rating4 Stars4 Stars5 Stars
Commissions & Fees3 Stars4 Stars5 Stars
Offering of Investments5 Stars5 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research4 Stars3.5 Stars5 Stars
Education4 Stars3.5 Stars5 Stars
Trust Score847799
Winnercheck_circle
ReviewFlowBank ReviewIG Review
RegulationDooPrimeFlowBankIG
Trust Score847799
Year Founded201420201974
Publicly Traded (Listed)NoNoYes
BankNoYesYes
Tier-1 Licenses217
Tier-2 Licenses002
Tier-3 Licenses201
Authorised in European UnionNoNoYes
About RegulationA “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)DooPrimeFlowBankIG
ASIC Authorised (Australia)NoNoYes
IIROC Authorised (Canada)NoNoNo
SFC Authorised (Hong Kong)YesNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoYesYes
FCA Authorised (U.K.)YesNoYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)DooPrimeFlowBankIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)NoNoNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)NoNoYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)NoNoYes
Tier-3 Licenses (Low Trust)DooPrimeFlowBankIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)YesNoNo
VFSC Authorised (Vanuatu)YesNoNo
InvestmentsDooPrimeFlowBankIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)1000040860019537
Forex Pairs (Total)6051100
U.S. Stock Trading (Non CFD)YesYesYes
Int'l Stock Trading (Non CFD)YesYesYes
Social Trading / Copy TradingYesYesYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)NoYesYes
DisclaimersNote: 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).
CostDooPrimeFlowBankIG
Average Spread EUR/USD - Standard-1N/A0.86 (September 2022)
All-in Cost EUR/USD - Active-1N/A0.5957 (September 2022)
Active Trader or VIP DiscountsNoYesYes
Execution: Agency BrokerYesYesYes
Execution: Market MakerYesYesYes
FundingDooPrimeFlowBankIG
Minimum Initial Deposit$100$0.00£250.00
PayPal (Deposit/Withdraw)YesNoYes
Skrill (Deposit/Withdraw)YesNoNo
Visa/Mastercard (Credit/Debit)YesNoYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsDooPrimeFlowBankIG
Proprietary PlatformYesYesYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesYesNo
cTraderNoNoNo
DupliTradeNoNoNo
ZuluTradeNoNoNo
Trading ToolsDooPrimeFlowBankIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields7714
Charting - Indicators / Studies (Total)303733
Charting - Drawing Tools (Total)151720
Charting - Trade From ChartYesYesYes
Charts can be savedYesYesYes
Mobile TradingDooPrimeFlowBankIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingNoNoYes
Mobile Charting - Indicators / Studies30533
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveYesYesYes
Forex CalendarYesYesYes
ResearchDooPrimeFlowBankIG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)YesYesYes
AutochartistNoNoYes
Trading Central (Recognia)YesNoNo
Social Sentiment - Currency PairsNoYesYes
Economic CalendarYesYesYes
EducationDooPrimeFlowBankIG
Has Education - Forex or CFDsYesYesYes
Client WebinarsNoNoYes
Client Webinars (Archived)NoYesYes
Videos - Beginner Trading VideosYesYesYes
Videos - Advanced Trading VideosYesNoYes
Investor Dictionary (Glossary)NoNoYes
Major Forex PairsDooPrimeFlowBankIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewFlowBank ReviewIG Review
OverallDooPrimeFlowBankIG
Overall Rating4 Stars4 Stars5 Stars
Commissions & Fees3 Stars4 Stars5 Stars
Offering of Investments5 Stars5 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research4 Stars3.5 Stars5 Stars
Education4 Stars3.5 Stars5 Stars
Trust Score847799
Winnercheck_circle
ReviewFlowBank ReviewIG Review
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DooPrime vs FlowBank Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare DooPrime vs FlowBank.

Does DooPrime or FlowBank offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.

Is DooPrime or FlowBank safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. DooPrime holds 2 global Tier-1 licenses, while FlowBank holds 1. Both DooPrime and FlowBank hold 0 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, DooPrime earned a higher Trust Score than FlowBank.

Which trading platform is better: DooPrime or FlowBank?

To compare the trading platforms of both DooPrime and FlowBank, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both DooPrime and FlowBank offer MetaTrader 4 (MT4).DooPrime and FlowBank both offer copy trading.

How many forex pairs and CFDs are available to trade?

DooPrime provides traders 60 currency pairs (e.g., EUR/USD) compared to FlowBank's 51 available pairs. Forex pairs aside, FlowBank offers traders access to 408600 CFDs while DooPrime has 10000 available CFDs, a difference of 398600.

Can I trust DooPrime?

DooPrime is not publicly traded and does not operate a bank. DooPrime is authorised by three tier-1 regulator (high trust), one tier-2 regulators (average trust), and two tier-3 regulators (low trust). DooPrime is authorised by the following tier-1 regulators: Securities Futures Commission (SFC), Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC)

Can I trust FlowBank?

FlowBank operates a regulated Swiss bank, and is authorised by one tier-1 regulator (high trust): the Swiss Financial Market Supervisory Authority (FINMA).

Is DooPrime good?

DooPrime is primarily a MetaTrader broker that offers both MT4 and MT5, along with several copy trading platforms and its own In Trade platform. DooPrime is regulated in the U.K., Vanuatu, and Mauritius, and provides nearly 10,000 trading symbols. It's worth noting that we could not obtain average spread data for DooPrime when evaluating trading costs.

Is FlowBank good?

As a relative newcomer to the Swiss online brokerage scene, FlowBank already has a lot to offer its customers. FlowBank clients benefit from the advantages that come with holding a Swiss bank account, and its brokerage services provide access to more advertised symbols than any online broker that we’ve reviewed thus far.

Overall winner: IG

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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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