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 | 1 | 3 |
FP Markets stands out as one of the most cost-effective brokers globally, especially with its commission-based ECN accounts offered through MetaTrader and cTrader platforms. It excels in providing competitive pricing, earning a "Best in Class" award for Commissions and Fees for 2024. The Raw ECN account from FP Markets is a highlight, averaging spreads of 0.1 pips, which equates to 0.8 pips including commission costs. Although the Standard account is pricier with spreads around 1.1 pips, both options cater to varied trading needs. Additionally, the Iress suite offers advanced trading options though they are more suitable for active traders with substantial investments due to higher fees.
In contrast, DooPrime does not provide detailed average spread data, making it less transparent in cost structure compared to FP Markets. This lack of clarity possibly contributes to its lower 3-star rating for commissions and fees compared to FP Markets' impressive 5-star rating. Additionally, without offering particularly competitive spreads or commissions, DooPrime is ranked much lower at #59 out of 63 brokers according to ForexBrokers.com assessments.
Both brokers cater to different trader profiles, with FP Markets being ideal for those seeking low-cost, transparent trading solutions and DooPrime attracting traders who may prioritize other qualities over pricing. For commission and fee-conscious traders, FP Markets, ranked #6 overall in this category, offers a wider array of attractive options with its varied account types and pricing models.
| 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.
When comparing FP Markets and DooPrime, both brokers offer a comprehensive set of online trading options, with each providing access to forex trading through CFDs or spot contracts. FP Markets and DooPrime both boast a wide selection of 10,000 tradeable symbols, yet FP Markets slightly edges out with 71 tradeable forex pairs compared to DooPrime's 60 pairs. However, when it comes to exchange-traded securities, DooPrime stands out by offering clients the ability to invest in U.S. and international stocks directly, an option not available through FP Markets. Additionally, both brokers support copy trading, allowing users to replicate successful strategies from other traders, yet their offerings diverge again in the cryptocurrency space. FP Markets enables trading in cryptocurrency derivatives, whereas DooPrime doesn't provide this option.
In evaluating the range of investments, FP Markets earns a strong 4.5-star rating, though DooPrime takes the lead with a full 5-star rating. According to ForexBrokers.com, FP Markets is ranked 18th out of 63 brokers in the investments category, while DooPrime is positioned higher at 12th place. This distinction suggests DooPrime may serve traders seeking a more diverse array of direct stock investments, while FP Markets might appeal to those interested in a broader selection of forex pairs and cryptocurrency derivatives.
| 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 and DooPrime both stand out with comprehensive market research offerings, which cater to clients seeking informed trading decisions. Both brokers provide daily market commentary and access to forex news from esteemed sources like Bloomberg and Reuters. Additionally, they offer tools from Trading Central, enhancing their research offerings. Where FP Markets diverges, however, is with its inclusion of Autochartist tools and a sentiment-based trading tool that highlights long or short positions across currency pairs. These features could provide an edge to traders looking for in-depth technical analysis and sentiment insights.
Both FP Markets and DooPrime support traders with economic calendars that track global news events, ensuring clients are kept up-to-date on market-moving occurrences. Despite these solid features, neither broker offers tools from Acuity Trading or research from TipRanks. FP Markets and DooPrime are both awarded a commendable four-star rating for research. However, FP Markets edges out as the higher ranked of the two at 25 out of 63 brokers, compared to DooPrime's rank of 29, indicating a slight preference among market assessors.
| 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 | No |
| Signal Centre (Acuity Trading) | No | 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
|
DooPrime
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 89 | 83 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | FP Markets | DooPrime | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 89 | 83 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
| Broker Screenshots | FP Markets | DooPrime | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| 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 | 1 | 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) | No | No | |
| 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) | No | No | |
| 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) | No | No |
| 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 | 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 | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 89 | 83 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill