Written by ForexBrokers.com
In this head to head comparison of DooPrime vs FXOpen, 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.
DooPrime and FXOpen are both established online brokers offering diverse trading services, yet they differ in their foundation years and regulatory standing. Founded in 2014, DooPrime possesses four Tier-1 licenses, indicating a high level of trust and security for its customers. Although not publicly traded or operating as a bank, DooPrime maintains a solid Trust Score of 83, placing it in the "trusted" category according to ForexBrokers.com.
FXOpen, founded in 2003, is one of the older players in the market but falls behind DooPrime in terms of regulatory strength, holding two Tier-1 licenses. Much like DooPrime, FXOpen is not publicly traded and does not operate as a bank. Its Trust Score sits at 76, suggesting an average risk level based on ForexBrokers.com's ratings. These contrasting regulatory credentials and trust scores can help potential investors decide which broker may better suit their trading needs.
| Feature |
DooPrime
|
FXOpen
|
|---|---|---|
| Year Founded | 2014 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 0 |
When it comes to comparing online brokers DooPrime and FXOpen based on commissions and fees, there are a few key differences to consider. Detailed average spread data for these brokers isn't available, making it challenging to perform a precise analysis on that front. However, other factors can be used to draw some conclusions.
DooPrime earns a 3-star rating for its commissions and fees, placing it near the bottom of the list at number 59 out of 63 brokers as ranked by ForexBrokers.com. This suggests that while it may offer some advantages, it might not be the most competitive option for traders focusing on cost-efficiency.
Conversely, FXOpen holds a slightly higher 4-star rating in the same category, securing the 44th spot out of 63 brokers according to ForexBrokers.com. This indicates that FXOpen likely offers a more favorable fee structure compared to DooPrime, potentially providing traders with a more cost-effective trading experience.
| Feature |
DooPrime
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| 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 DooPrime and FXOpen for investment options, DooPrime stands out with an extensive selection. Offering a staggering 10,000 tradeable symbols, including 60 forex pairs, DooPrime provides investors with a wide array of choices. In addition to this vast selection, clients can invest in U.S. and international exchange-traded securities, allowing them to buy shares of companies like Apple and Vodafone directly. Although DooPrime does not offer actual or derivative cryptocurrency purchasing options, it compensates with copy trading functionality, earning it a 5-star rating for its range of investments.
In contrast, FXOpen provides a more limited range with only 87 tradeable symbols and 25 forex pairs. It does not offer exchange-traded securities on either U.S. or international markets, restricting direct purchase of company shares. While FXOpen does feature cryptocurrencies, these are available only through derivatives, not as actual holdings. Despite offering copy trading, its selection limitations result in a 3-star rating for range of investments. FXOpen is ranked 62 out of 63 brokers in this category on ForexBrokers.com, while DooPrime significantly outranks it at #12, highlighting DooPrime’s clear advantage in providing diverse investment options.
| Feature |
DooPrime
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 87 |
| Forex Pairs (Total) | 60 | 25 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | Yes |
| 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). |
Dive deeper: Best Copy Trading Platforms.
When weighing options for online trading, both DooPrime and FXOpen provide a solid suite of platforms and tools, each with unique advantages. DooPrime shines with its proprietary platform, which sets it apart from FXOpen, offering more customized trading experiences developed in-house. Both brokers feature Windows-based desktop and web-based platforms, catering to diverse trading preferences. For those looking to test strategies and gain confidence, both DooPrime and FXOpen provide simulated trading with free virtual demo accounts. A standout for FXOpen is the availability of ZuluTrade for social trading, which is missing from DooPrime's offerings. Both brokers also support MT4 and MT5, aligning with industry standards and ensuring users have access to popular trading platforms.
In terms of charting tools, both DooPrime and FXOpen deliver an identical experience with 15 drawing tools available. Traders can efficiently execute trades directly from stock charts on both platforms, enhancing convenience and accessibility. Watch list features are evenly matched, offering seven columns for customization in both brokers. Despite their similarities and both garnering a commendable four-star rating for trading platforms and tools, DooPrime edges out FXOpen in rankings by ForexBrokers.com, coming in at #25 compared to FXOpen’s #53. Whether prioritizing proprietary platforms or specific trading tools, both DooPrime and FXOpen provide competent choices for traders seeking reliable and diverse platform options.
| Feature |
DooPrime
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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 | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
DooPrime and FXOpen both offer traders easy access to the markets through their mobile apps, available on both iPhone and Android devices. Each app includes helpful features like stock and forex price alerts, the ability to draw trendlines, and multiple time frame views for charts. Both platforms provide the convenience of creating watchlists with real-time quotes. However, neither allows for syncing watchlists between the mobile app and the online account, meaning updates in one do not automatically reflect in the other. A key edge for DooPrime users is that their app autosaves chart drawings, whereas FXOpen currently does not support this functionality.
When examining technical capabilities, both apps offer 30 technical studies for charting. In terms of user ratings, DooPrime and FXOpen both achieve a respectable 4 out of 5 stars for their mobile trading apps. However, ForexBrokers.com ranks DooPrime at #25 out of 63 brokers for mobile trading, while FXOpen stands at #54, highlighting a notable difference in their ranking positions. This comparison might guide traders seeking a more refined mobile trading experience toward DooPrime, considering features and rankings.
| Feature |
DooPrime
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of DooPrime and FXOpen, both brokers provide daily market commentary and comprehensive forex news updates from esteemed sources like Bloomberg and Reuters. This equips traders with timely insights to navigate the financial markets effectively. Both platforms also feature an economic calendar to keep investors informed about significant global economic events. However, an important distinction is that DooPrime provides additional research support through Trading Central's technical analysis tools, while FXOpen does not. Neither broker includes resources from Autochartist, sentiment-based trading tools, TipRanks, or Acuity Trading's tools.
In terms of research excellence, DooPrime earns a 4-star rating and holds the 29th position among 63 brokers as ranked by ForexBrokers.com, suggesting a strong commitment to equipping traders with actionable insights. On the other hand, FXOpen receives a 3-star rating and is positioned at the 63rd spot, indicating room for improvement in their research services. This comparison highlights DooPrime's competitive edge in market research, making it a more appealing choice for traders seeking comprehensive analytical tools and insights.
| Feature |
DooPrime
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | 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 resources available for beginners, DooPrime stands out more significantly than FXOpen. DooPrime offers a variety of tools, including over 10 educational pieces focused on forex and CFDs, as well as an array of beginner and advanced educational videos tailored to help users improve their trading skills. The broker earns a 4-star rating for its educational offerings and is ranked 25th among 63 brokers in the Education category by ForexBrokers.com. However, DooPrime does not provide live or archived educational webinars, nor does it offer an extensive dictionary of investing terms.
On the other hand, FXOpen's educational resources are somewhat limited. They do not meet the threshold for the number of forex or CFDs educational pieces, nor do they offer a sufficient array of beginner or advanced educational videos. Despite offering a useful investor dictionary with definitions of more than 50 investing terms, FXOpen lacks regular educational webinars and an archive of past webinars for clients. This results in a 3-star rating and a 58th place ranking in the Education category by ForexBrokers.com. For beginners eager to learn through structured educational content, DooPrime might be a more formidable choice than FXOpen.
| Feature |
DooPrime
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that DooPrime is better than FXOpen. DooPrime finished with an overall rank of #28, while FXOpen finished with an overall rank of #54.
DooPrime is mainly regulated in the UK, as well as two offshore locations (Vanuatu and Mauritius), and offers 10,000 investment products, and multiple platforms including the full MetaTrader suite, and social copy trading platforms. That said, DooPrime trails behind the best brokers in key categories.
| Feature |
DooPrime
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FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 76 |
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While both DooPrime and FXOpen do not offer the purchase of actual delivered cryptocurrency, only FXOpen provides the option to invest in cryptocurrency derivatives.
When comparing online brokers, DooPrime and FXOpen both provide convenient options like Skrill and bank wires for fund transactions, while DooPrime uniquely offers PayPal, and both lack ACH and SEPA transfers as alternatives, with Visa and Mastercard available at both for ease of use.
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 | DooPrime | FXOpen | |
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| Trust Score | 83 | 76 | |
| Winner | check_circle | ||
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| Broker Screenshots | DooPrime | FXOpen | |
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| Regulation | DooPrime | FXOpen | |
|---|---|---|---|
| Trust Score | 83 | 76 | |
| Year Founded | 2014 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 0 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | DooPrime | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | DooPrime | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 87 | |
| Forex Pairs (Total) | 60 | 25 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | Yes | |
| 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). |
| Cost | DooPrime | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| 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 | DooPrime | FXOpen | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | DooPrime | FXOpen | |
|---|---|---|---|
| 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) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | DooPrime | FXOpen | |
|---|---|---|---|
| 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 | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | DooPrime | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | DooPrime | FXOpen | |
|---|---|---|---|
| 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 | |
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| Overall | DooPrime | FXOpen | |
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| Trust Score | 83 | 76 | |
| Winner | check_circle | ||
| Review |
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