Written by ForexBrokers.com
In this head to head comparison of FXCM 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.
FXCM, founded in 1999, and DooPrime, established in 2014, are both non-banking entities in the online brokerage space. FXCM stands out for being publicly traded, a feature not shared by DooPrime, which remains a private company. Both brokers hold four Tier-1 licenses, indicating a high level of trust from regulatory authorities. However, FXCM edges ahead by also holding two Tier-2 licenses, adding another layer of credibility to its regulatory portfolio. This regulatory strength is reflected in FXCM's outstanding ForexBrokers.com Trust Score of 95, placing it in the highly trusted category and surpassing DooPrime’s score of 83, which is still considered trusted.
| Feature |
FXCM
|
DooPrime
|
|---|---|---|
| Year Founded | 1999 | 2014 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 4 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 3 |
When comparing the commission and fee structures of FXCM and DooPrime, it's clear that each broker offers different benefits depending on your trading style. FXCM's forex trading pricing is slightly higher than the industry average, with standard account spreads averaging 0.78 pips for their EU, U.K., and Australia offerings. In contrast, their St. Vincent and the Grenadines entity has higher spreads at 1.38 pips. On the other hand, FXCM's commission-based accounts have more competitive spreads averaging 0.28 pips, excluding commissions. While their Active Trader Rebate Program provides some discounts, active traders might find more appealing pricing with other brokers like Tickmill and FP Markets.
DooPrime's commissioning and fee structure details are less clear-cut, as average spread data is not readily available. This lack of transparency might be a drawback for traders who prioritize understanding potential trading costs upfront. However, it's worth noting that overall, FXCM scores a 4-star rating for its commissions and fees, reflecting a stronger position in this area compared to DooPrime's 3-star rating. This difference is also evident in their rankings by ForexBrokers.com, where FXCM holds the 25th spot out of 63 brokers, while DooPrime comes in at 59th.
Ultimately, the choice between FXCM and DooPrime might hinge on whether traders value detailed spread data and rebate options available with FXCM or are comfortable with less detailed transparency from DooPrime. Potential FXCM users with high trading volumes might benefit from its progressive rebate tiers, as long as they meet the program's eligibility criteria. Prospective traders will need to weigh these factors based on their trading strategies and preferences to determine which broker aligns best with their needs.
| Feature |
FXCM
|
DooPrime
|
|---|---|---|
| Minimum Deposit | Starts from $50 | $100 |
| Average Spread EUR/USD - Standard | 0.78 | N/A |
| All-in Cost EUR/USD - Active | 0.78 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | 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.
FXCM and DooPrime both cater to forex traders, offering forex trading as a CFD or spot contract. However, they differ significantly in their range of available investments. FXCM offers 440 tradeable symbols, including 46 forex pairs and cryptocurrency derivatives. Despite having an option for copy trading, FXCM does not provide access to exchange-traded securities on U.S. or international exchanges, nor does it offer the purchase of actual cryptocurrencies, which earns it a 3.5-star rating and a #47 ranking in the range of investments category by ForexBrokers.com.
DooPrime, on the other hand, stands out with 10,000 tradeable symbols and 60 forex pairs, giving it a broader array of investment choices. It provides access to exchange-traded securities on both U.S. and international exchanges, allowing clients to purchase stocks of companies like Apple and Vodafone directly. While it doesn't offer cryptocurrency derivatives, it still shines with a comprehensive investment suite including copy trading. This extensive offering is reflected in its 5-star rating for the range of investments and a #12 ranking by ForexBrokers.com, making it a robust choice for traders seeking diverse investment opportunities.
| Feature |
FXCM
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 440 | 10000 |
| Forex Pairs (Total) | 46 | 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.
FXCM and DooPrime both offer comprehensive trading platforms that cater to various trader preferences. They provide access to simulated trading through free virtual demo accounts, allowing users to practice their strategies without risking real funds. Both brokers have developed their own proprietary platforms and support Windows-based desktop downloads, as well as web-based platforms accessible via browser. Tools like MetaTrader 4 are available on both, but only DooPrime extends support to MetaTrader 5. FXCM offers the additional benefit of ZuluTrade for copy trading enthusiasts, while both brokers allow trading directly from stock charts for seamless experiences.
When examining charting tools and watch list features, FXCM provides 10 drawing tools and 13 columns for watch lists, offering more customization than DooPrime, which provides 15 drawing tools but only 7 watch list columns. Both brokers are committed to enriching traders' experiences, but FXCM’s platform features have earned it a 5-star rating and a sixth-place ranking among 63 brokers evaluated by ForexBrokers.com for Trading Platforms and Tools. On the other hand, DooPrime, while competitive, holds a 4-star rating and is ranked 25th for the same category.
| Feature |
FXCM
|
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) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 115 | 30 |
| Charting - Drawing Tools (Total) | 10 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 13 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps offered by FXCM and DooPrime, both brokers provide apps for iPhone and Android users, along with essential features like stock or forex price alerts and the ability to draw trendlines on charts. Users can also view multiple time frames on stock or forex charts, with both apps offering auto-saving of chart drawings. While each app supports creating watchlists with real-time quotes, FXCM has the edge in terms of watchlist symbol syncing between their mobile app and online account, a feature that DooPrime does not offer.
FXCM outshines DooPrime with 59 technical studies available for charting, compared to DooPrime's 30. This enhanced charting capability likely contributes to FXCM's higher user rating of 4.5 stars, versus DooPrime's 4-star rating. Additionally, FXCM holds a higher ranking at #16 among 63 brokers for mobile trading apps, while DooPrime is ranked at #25, according to ForexBrokers.com. These factors suggest that FXCM's mobile app provides a more comprehensive and synchronized trading experience.
| Feature |
FXCM
|
DooPrime
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 59 | 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.
Both FXCM and DooPrime provide traders with daily market commentary and forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones. This ensures that clients of both brokers get timely updates on market movements and key events. While neither broker offers technical analysis or research tools from Autochartist, both have incorporated tools from Trading Central, which aids traders in gaining valuable insights through technical analytics. However, if you're seeking a sentiment-based trading tool to view position ratios across different currency pairs, only FXCM provides this feature. Additionally, FXCM gives its clients access to market research from TipRanks, a feature not available with DooPrime.
When it comes to keeping up with global economic events, both brokers offer an economic calendar. Despite some similarities in their research offerings, there is a notable difference in their overall ratings and rankings. FXCM carries a higher research rating of 4.5 stars and is ranked 11th out of 63 brokers on ForexBrokers.com. In comparison, DooPrime has a research rating of 4 stars and ranks 29th in the same category. The differences in ratings and tools might guide you in deciding which broker aligns better with your market research needs.
| Feature |
FXCM
|
DooPrime
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources offered to beginners by FXCM and DooPrime, both brokers provide robust learning materials for those looking to dive into forex or CFDs trading. They each offer a minimum of 10 educational pieces, such as articles, videos, and archived webinars focused on forex and CFDs, ensuring new traders have access to valuable content. However, FXCM takes the lead with monthly educational webinars, an archive of past sessions, and a comprehensive investor dictionary featuring definitions for over 50 investing terms. In comparison, DooPrime lacks these additional educational tools, which may be appealing to beginners seeking live interaction and a reference library.
For video content, both FXCM and DooPrime deliver an impressive library with at least 10 videos specifically tailored to both beginners and advanced traders. This dual focus ensures traders at all levels can grow their skills effectively. While both brokers receive high ratings for their educational offerings, FXCM is rated slightly higher at 4.5 stars compared to DooPrime’s 4 stars, reflecting its more comprehensive resources. Additionally, FXCM is ranked #14 out of 63 brokers by ForexBrokers.com for education, outperforming DooPrime, which stands at #25. This indicates FXCM's stronger emphasis on supporting traders through educational initiatives.
| Feature |
FXCM
|
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 FXCM is better than DooPrime. FXCM finished with an overall rank of #15, while DooPrime finished with an overall rank of #28.
For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.
| Feature |
FXCM
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DooPrime
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 83 |
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FXCM allows for trading cryptocurrency derivatives, unlike DooPrime, but neither broker provides the option to purchase actual, delivered cryptocurrency.
When comparing online brokers FXCM and DooPrime, FXCM offers a wider range of deposit and withdrawal options, including ACH or SEPA transfers, PayPal, Skrill, Visa/Mastercard, and bank wires, whereas DooPrime does not support ACH or SEPA transfers but does offer PayPal, Skrill, Visa/Mastercard, and bank wire options.
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 | FXCM | DooPrime | |
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| Trust Score | 95 | 83 | |
| Winner | check_circle | ||
| Review | FXCM Review |
| Broker Screenshots | FXCM | DooPrime | |
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| Regulation | FXCM | DooPrime | |
|---|---|---|---|
| Trust Score | 95 | 83 | |
| Year Founded | 1999 | 2014 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 4 | 4 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 3 |
| Tier-1 Licenses (Highly Trusted) | FXCM | DooPrime | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | 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) | Yes | 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) | FXCM | DooPrime | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | 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 | FXCM | DooPrime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 440 | 10000 | |
| Forex Pairs (Total) | 46 | 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 | FXCM | DooPrime | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.78 | N/A | |
| All-in Cost EUR/USD - Active | 0.78 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FXCM | DooPrime | |
|---|---|---|---|
| Minimum Deposit | Starts from $50 | $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 | Yes | No |
| Trading Platforms | FXCM | 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) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | FXCM | DooPrime | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 13 | 7 | |
| Charting - Indicators / Studies (Total) | 115 | 30 | |
| Charting - Drawing Tools (Total) | 10 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FXCM | DooPrime | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 59 | 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 | FXCM | DooPrime | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FXCM | 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 | FXCM | 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 | FXCM Review |
| Overall | FXCM | DooPrime | |
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| Trust Score | 95 | 83 | |
| Winner | check_circle | ||
| Review | FXCM Review |
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