Written by ForexBrokers.com
In this head to head comparison of FP Markets 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.
FP Markets and DooPrime, both established online brokers, offer a range of investment services, yet differ in their regulatory credentials. FP Markets, founded in 2005, boasts a ForexBrokers.com Trust Score of 89, making it a trusted choice for investors. This broker secures 2 Tier-1 licenses and 1 Tier-2 license, indicating a high regard for safety and compliance. Although FP Markets is not publicly traded and does not function as a bank, its regulatory certifications provide a layer of reassurance for clients.
On the other hand, DooPrime entered the scene in 2014 and holds a Trust Score of 83, also marking it as a trusted entity but with a slightly higher risk compared to FP Markets. With 4 Tier-1 licenses under its belt, DooPrime demonstrates a solid foundation in reliable regulatory standards, although it lacks Tier-2 licenses. Like FP Markets, DooPrime is neither publicly traded nor a banking institution. Both brokers' commitment to regulatory compliance offers peace of mind, albeit with distinctions in their licensing credentials and trust ratings.
| Feature |
FP Markets
|
DooPrime
|
|---|---|---|
| Year Founded | 2005 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 4 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 3 |
FP Markets stands out for low trading costs on MetaTrader and cTrader. Its Raw ECN account averaged 0.1 pips spreads as of October 2023 (about 0.8 pips all-in after a $6 per round-turn commission per standard lot), while the Standard account averaged 1.1 pips on EUR/USD and is the pricier choice. FP Markets won Best in Class for Commissions and Fees in 2024, and is rated 5/5 stars and ranked #6 out of 63 brokers for this category.
For share CFDs, FP Markets’ Iress suite offers Direct Market Access with full market depth. ViewPoint accounts have higher entry points—Standard (AUD 1,000), Platinum (AUD 25,000), and Premier (AUD 50,000)—and you’ll need to qualify for Premier or generate at least AUD 150 in monthly commissions to avoid platform and data fees. The low-cost Iress Investor account waives monthly fees but lacks streaming data and has limited charting. For most traders seeking the lowest costs, the Raw ECN setup is the sweet spot.
By comparison, DooPrime does not provide average spread data, making costs harder to evaluate. It carries a 3/5 star rating for commissions and fees and ranks #60 out of 63 brokers, versus FP Markets’ 5/5 stars and #6/63 ranking. If you want tighter spreads and clearer pricing, FP Markets generally offers a more cost-effective path—especially on its Raw ECN and cTrader Raw options—while DooPrime’s lower ranking and limited transparency may mean higher or less predictable all-in costs.
| Feature |
FP Markets
|
DooPrime
|
|---|---|---|
| Minimum Deposit | $100 AUD | $100 |
| Average spread (EUR/USD) - Standard account | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.7 | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FP Markets and DooPrime both deliver a wide range of investments, each listing about 10,000 tradeable symbols and supporting forex trading (CFD/spot). FP Markets offers 71 currency pairs, giving it an edge over DooPrime’s 60 pairs for forex-focused traders. Both brokers also support copy trading, which can help you mirror strategies from other investors.
The biggest difference is access to real shares: DooPrime lets you buy exchange‑traded securities on both U.S. and international stock exchanges, while FP Markets does not. For crypto, neither broker offers delivered coins; however, FP Markets provides cryptocurrency CFDs and DooPrime does not. Reflecting this mix, DooPrime earns 5 stars and ranks #13 out of 63 for Range of Investments, while FP Markets holds 4.5 stars and ranks #19. Choose FP Markets if you want more forex pairs and crypto CFDs; pick DooPrime if you want to buy actual stocks on U.S. and global markets.
| Feature |
FP Markets
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 10000 |
| Forex Pairs (Total) | 71 | 60 |
| U.S. Stocks (Shares) | No | Yes |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | 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.
FP Markets and DooPrime are closely matched for trading platforms and tools. Both brokers provide free demo (paper) accounts, proprietary platforms alongside MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and access via Windows desktop downloads and web-based platforms. Each supports copy trading and lets you place orders directly from charts, which can streamline trade execution for new and experienced traders alike.
Ratings are tied at 4 out of 5 stars, but FP Markets holds a slight edge in ForexBrokers.com’s category ranking at #23 of 63 brokers, compared with DooPrime at #25. Exact counts for built-in technical indicators and watchlist columns aren’t specified, so your decision may come down to platform feel and the extras you value most, such as charting presets, integrations, or how copy trading is implemented.
| Feature |
FP Markets
|
DooPrime
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets vs DooPrime: both brokers offer mobile trading apps for iPhone and Android, plus price alerts for forex and stocks. Each app earned 4 out of 5 stars, but FP Markets is ranked higher for Mobile Trading Apps (#18 of 63) than DooPrime (#25 of 63) by ForexBrokers.com.
For charting, FP Markets relies on the standard MetaTrader toolkit, while DooPrime lists 30 built-in technical studies. Both apps let you draw trendlines and auto-save your annotations. A shared drawback is watchlist symbol syncing—neither app syncs watchlists with your online account. If you prefer the familiar MetaTrader experience, FP Markets fits well; if you want a defined set of 30 studies and similar core features, DooPrime is comparable.
| Feature |
FP Markets
|
DooPrime
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
FP Markets vs DooPrime: both brokers deliver daily market commentary, an economic calendar, and premium forex news from leading sources like Bloomberg, Reuters, or Dow Jones. Each also offers Trading Central tools for technical and fundamental insights. Where they differ is depth: FP Markets includes Autochartist and a sentiment tool showing the ratio of long vs short positions, while DooPrime does not offer those two features. FP Markets does not provide TipRanks or Acuity Trading tools; for DooPrime, TipRanks and Acuity Trading availability isn’t specified.
In independent reviews, both brokers earn 4 out of 5 stars for research. However, FP Markets holds a slightly stronger position, ranking 25th out of 63 brokers versus DooPrime at 30th. If you want extras like Autochartist and a sentiment gauge, FP Markets has the edge. If your focus is daily commentary, high-quality news, Trading Central, and an economic calendar, both FP Markets and DooPrime fit the bill.
| Feature |
FP Markets
|
DooPrime
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FP Markets and DooPrime both deliver forex and CFD education that meets the basic standard of at least 10 learning pieces, and each offers a deep video library with 10+ beginner videos plus 10+ advanced videos. For newcomers who like learning in real time, FP Markets stands out by running monthly client webinars for education and Q&A, while DooPrime does not currently offer ongoing webinars.
Both brokers earn 4 out of 5 stars for Education. According to ForexBrokers.com, FP Markets ranks #23 out of 63 in the Education category, edging DooPrime at #25. If live sessions and regular webinars matter to you as a beginner, FP Markets is the stronger pick; if you prefer on-demand videos to learn at your own pace, both brokers are comparable.
| Feature |
FP Markets
|
DooPrime
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FP Markets is better than DooPrime. FP Markets finished with an overall rank of #19, while DooPrime finished with an overall rank of #28.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
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DooPrime
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|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 83 |
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FP Markets vs DooPrime: neither broker offers buying actual (delivered) cryptocurrencies, but FP Markets supports trading cryptocurrency CFDs while DooPrime does not.
Comparing online brokers FP Markets vs DooPrime for payment methods: neither supports ACH or SEPA transfers; FP Markets offers PayPal, Skrill, and bank wire deposits and withdrawals, while DooPrime’s support for PayPal, Skrill, Visa/Mastercard, and bank wires is not specified, and Visa/Mastercard availability is also unspecified for FP Markets.
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 | FP Markets | DooPrime | |
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| Trust Score | 89 | 83 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
| Broker Screenshots | FP Markets | DooPrime | |
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| Regulation | FP Markets | DooPrime | |
|---|---|---|---|
| Trust Score | 89 | 83 | |
| Year Founded | 2005 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 4 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 3 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | 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) | No | 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) | FP Markets | DooPrime | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | FP Markets | DooPrime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 10000 | |
| Forex Pairs (Total) | 71 | 60 | |
| U.S. Stocks (Shares) | No | Yes | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | 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 | FP Markets | DooPrime | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.7 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FP Markets | DooPrime | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $100 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | FP Markets | DooPrime | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | FP Markets | DooPrime | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | DooPrime | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FP Markets | DooPrime | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | Yes | Yes | |
| TipRanks | No | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | DooPrime | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | FP Markets | DooPrime | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | FP Markets Review |
| Overall | FP Markets | DooPrime | |
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| Trust Score | 89 | 83 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
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