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FOREX.com vs DooPrime 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

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

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Overall RatingFOREX.comDooPrimeIG
Overall Rating5 Stars4 Stars5 Stars
Commissions & Fees4.5 Stars3 Stars5 Stars
Offering of Investments5 Stars5 Stars5 Stars
Platform & Tools5 Stars4 Stars5 Stars
Mobile Trading5 Stars4 Stars5 Stars
Research4.5 Stars4 Stars5 Stars
Education4.5 Stars4 Stars5 Stars
Trust Score998499
Winnercheck_circle
ReviewFOREX.com ReviewIG Review
RegulationFOREX.comDooPrimeIG
Trust Score998499
Year Founded199920141974
Publicly Traded (Listed)YesNoYes
BankNoNoYes
Tier-1 Licenses427
Tier-2 Licenses202
Tier-3 Licenses121
Authorised in European UnionYesNoYes
About RegulationA โ€œYesโ€ 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 โ€œYesโ€ 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 โ€œYesโ€ 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)FOREX.comDooPrimeIG
ASIC Authorised (Australia)NoNoYes
IIROC Authorised (Canada)YesNoNo
SFC Authorised (Hong Kong)NoYesNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)YesNoYes
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)YesYesYes
CFTC Registered (USA)YesNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)FOREX.comDooPrimeIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)YesNoNo
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)YesNoYes
Tier-3 Licenses (Low Trust)FOREX.comDooPrimeIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)YesNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)NoYesNo
VFSC Authorised (Vanuatu)NoYesNo
InvestmentsFOREX.comDooPrimeIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)55001000019537
Forex Pairs (Total)9160100
U.S. Stock Trading (Non CFD)NoYesYes
Int'l Stock Trading (Non CFD)NoYesYes
Social Trading / Copy TradingNoYesYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesNoYes
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).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).
CostFOREX.comDooPrimeIG
Average Spread EUR/USD - Standard1.0 (July 2022)-10.86 (September 2022)
All-in Cost EUR/USD - Active1.0 (July 2022)-10.5957 (September 2022)
Active Trader or VIP DiscountsYesNoYes
Execution: Agency BrokerNoYesYes
Execution: Market MakerYesYesYes
FundingFOREX.comDooPrimeIG
Minimum Initial Deposit$100$100ยฃ250.00
PayPal (Deposit/Withdraw)YesYesYes
Skrill (Deposit/Withdraw)NoYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsFOREX.comDooPrimeIG
Proprietary PlatformYesYesYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingNoYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesYesNo
cTraderNoNoNo
DupliTradeNoNoNo
ZuluTradeNoNoNo
Trading ToolsFOREX.comDooPrimeIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields20714
Charting - Indicators / Studies (Total)2033033
Charting - Drawing Tools (Total)251520
Charting - Trade From ChartYesYesYes
Charts can be savedYesYesYes
Mobile TradingFOREX.comDooPrimeIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingYesNoYes
Mobile Charting - Indicators / Studies883033
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveYesYesYes
Forex CalendarYesYesYes
ResearchFOREX.comDooPrimeIG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)YesYesYes
AutochartistNoNoYes
Trading Central (Recognia)YesYesNo
Social Sentiment - Currency PairsYesNoYes
Economic CalendarYesYesYes
EducationFOREX.comDooPrimeIG
Has Education - Forex or CFDsYesYesYes
Client WebinarsYesNoYes
Client Webinars (Archived)NoNoYes
Videos - Beginner Trading VideosYesYesYes
Videos - Advanced Trading VideosNoYesYes
Investor Dictionary (Glossary)YesNoYes
Major Forex PairsFOREX.comDooPrimeIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewFOREX.com ReviewIG Review
OverallFOREX.comDooPrimeIG
Overall Rating5 Stars4 Stars5 Stars
Commissions & Fees4.5 Stars3 Stars5 Stars
Offering of Investments5 Stars5 Stars5 Stars
Platform & Tools5 Stars4 Stars5 Stars
Mobile Trading5 Stars4 Stars5 Stars
Research4.5 Stars4 Stars5 Stars
Education4.5 Stars4 Stars5 Stars
Trust Score998499
Winnercheck_circle
ReviewFOREX.com ReviewIG Review
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FOREX.com vs DooPrime 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 FOREX.com vs DooPrime.

Does FOREX.com or DooPrime 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 FOREX.com or DooPrime 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. FOREX.com holds 4 global Tier-1 licenses, while DooPrime holds 2. FOREX.com holds 2 global Tier-2 licenses, while DooPrime holds 0. In our analysis of 23 international regulators across 50 brokers, FOREX.com earned a higher Trust Score than DooPrime.

Which trading platform is better: FOREX.com or DooPrime?

To compare the trading platforms of both FOREX.com and DooPrime, 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 FOREX.com and DooPrime offer MetaTrader 4 (MT4).Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

FOREX.com provides traders 91 currency pairs (e.g., EUR/USD) compared to DooPrime's 60 available pairs. Forex pairs aside, DooPrime offers traders access to 10000 CFDs while FOREX.com has 5500 available CFDs, a difference of 4500.

Can I trust FOREX.com?

FOREX.com is publicly traded, does not operate a bank, and is authorised by four tier-1 regulators (high trust), zero tier-2 regulators (average trust), and one tier-3 regulator (low trust). City Index is authorised by the following tier-1 regulators: Investment Industry Regulatory Organization of Canada (IIROC), Japanese Financial Services Authority (JFSA), Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC).

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)

Is FOREX.com good?

FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms โ€“ alongside limited access to MetaTrader.

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.

Overall winner: IG

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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