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 | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.7 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FP Markets and DooPrime are online brokers with wide product lists, each offering about 10,000 tradeable symbols. Both support forex trading (CFDs/spot) and provide copy trading. FP Markets lists 71 forex pairs versus DooPrime’s 60, which may appeal to active FX traders. Neither broker lets you buy actual cryptocurrency, but FP Markets offers crypto derivatives while DooPrime does not.
The biggest difference is access to real shares: DooPrime lets clients buy exchange-traded securities on both U.S. and international exchanges, while FP Markets does not offer direct share dealing. In independent ratings for Range of Investments, DooPrime earns 5 stars and ranks 13th out of 63 brokers, while FP Markets scores 4.5 stars and ranks 19th. Consider FP Markets if you want more forex pairs and crypto derivatives, or choose DooPrime if you want access to real U.S. and global stocks alongside a large set of CFDs.
| Feature |
FP Markets
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 10000 |
| Forex Pairs (Total) | 71 | 60 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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 both shine in offering versatile trading platforms and essential tools for traders of all levels. Each broker provides a proprietary platform along with popular options like MetaTrader 4 and MetaTrader 5, catering to both beginners and advanced traders. For those looking to test strategies risk-free, simulated trading with a demo account is available at both brokers. Trading convenience is further enhanced as both FP Markets and DooPrime offer Windows-based desktop platforms and web-based trading while enabling trades directly from stock charts. Copy trading is supported by each company, though they do not offer services like DupliTrade or ZuluTrade.
Charting capabilities differentiate these brokers slightly, with FP Markets offering 17 drawing tools compared to DooPrime's 15. Both firms provide ample customization for watch lists with 7 columns. Rating-wise, FP Markets and DooPrime are evenly matched with a solid 4-star rating in Trading Platforms and Tools. According to ForexBrokers.com, FP Markets holds the #23 spot, while DooPrime is close behind at #25 out of 63 brokers. This makes either broker a strong choice depending on personal trading needs and preferences.
| Feature |
FP Markets
|
DooPrime
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 17 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FP Markets and DooPrime, both brokers provide extensive compatibility, offering apps for both iPhone and Android devices. Users of both platforms can take advantage of important features like stock and forex price alerts, multiple time frame views for chart analysis, and the ability to draw trendlines directly on charts. Additionally, both apps auto-save drawings to ensure a seamless user experience without the hassle of re-creating any work previously done.
While FP Markets operates on the MetaTrader platform for its technical studies, DooPrime stands out by offering 30 proprietary technical studies, allowing for more diverse analytical options. Both platforms enable the creation of watchlists with real-time quotes, though neither offers watchlist syncing between the mobile app and online account. When it comes to ratings, both apps score 4 out of 5 stars; however, FP Markets edges out in the rankings by ForexBrokers.com, securing the 18th spot compared to DooPrime's 25th place among 63 brokers evaluated. This makes both FP Markets and DooPrime strong contenders for mobile trading, appealing to traders seeking comprehensive functionality on the go.
| Feature |
FP Markets
|
DooPrime
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | 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 | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational offerings of FP Markets and DooPrime for beginners, FP Markets stands out with its comprehensive range of resources. Both brokers provide a variety of learning materials, each exceeding the minimum of ten educational pieces focused on forex and CFDs. However, FP Markets takes the lead with monthly online educational webinars, complemented by a searchable archive of past sessions, which beginners may find particularly valuable. DooPrime, in contrast, does not offer these monthly webinars or an archived collection.
Both FP Markets and DooPrime supply over ten beginner-focused videos, along with advanced content for more seasoned traders. While their educational quality ratings are on par, at four out of five stars, the gap in offerings becomes more noticeable with FP Markets providing an investor dictionary featuring over fifty terms—a resource DooPrime lacks. According to ForexBrokers.com, FP Markets is ranked slightly higher in the education category. As such, beginners seeking a well-rounded learning experience with live sessions and a robust glossary might find FP Markets to be a preferable choice.
| Feature |
FP Markets
|
DooPrime
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | 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 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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| Trust Score | 89 | 83 |
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While FP Markets allows investors to trade cryptocurrency derivatives, actual cryptocurrencies are not available for purchase on its platform, whereas DooPrime does not offer the option to buy either actual cryptocurrencies or their derivatives.
Both FP Markets and DooPrime provide similar options for depositing and withdrawing account funds, including PayPal, Skrill, Visa or Mastercard, and bank wires, but neither offers ACH or SEPA transfers.
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/Central Bank 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. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.7 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | DooPrime | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | FP Markets | DooPrime | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | DooPrime | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 17 | 15 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FP Markets | DooPrime | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | DooPrime | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FP Markets | 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 | 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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