DooPrime vs FXOpen Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare DooPrime vs FXOpen.
Does DooPrime or FXOpen 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, FXOpen
offers better pricing overall for traders.
Is DooPrime or FXOpen 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. Both DooPrime and FXOpen hold 2 global Tier-1 licenses. FXOpen holds 1 global Tier-2 licenses, while DooPrime holds 0. In our analysis of 23 international regulators across 50 brokers, DooPrime earned a higher Trust Score than FXOpen.
Which trading platform is better: DooPrime or FXOpen?
To compare the trading platforms of both DooPrime and FXOpen, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, DooPrime offers a better experience. With research, DooPrime offers superior market research. Finally, we found DooPrime 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 DooPrime and FXOpen offer MetaTrader 4 (MT4).DooPrime and FXOpen both offer copy trading.
How many forex pairs and CFDs are available to trade?
DooPrime provides traders 60 currency pairs (e.g., EUR/USD) compared to FXOpen's 25 available pairs. Forex pairs aside, DooPrime offers traders access to 10000 CFDs while FXOpen has 87 available CFDs, a difference of 9913.
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)
Can I trust FXOpen?
FXOpen is not a publicly traded company, doesn't operate a bank, and is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). FXOpen is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).
Is DooPrime good?
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.
Is FXOpen good?
FXOpen is a long standing MetaTrader broker with a narrow offering and few benefits beyond a standard MetaTrader experience coupled with social-trading platforms ZuluTrade and Myfxbook.
Overall winner: DooPrime
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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.