Written by ForexBrokers.com
In this head to head comparison of DooPrime vs HFM, 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.
When comparing the online brokers DooPrime and HFM, it's essential to look at their regulatory credentials. DooPrime, founded in 2014, holds four Tier-1 licenses, which ForexBrokers.com considers highly trusted. However, it has no Tier-2 licenses. In contrast, HFM, established in 2010, has two Tier-1 licenses and three Tier-2 licenses, providing a solid backing in terms of trusted regulatory oversight. Neither DooPrime nor HFM are publicly traded or banks.
In terms of trust, based on Trust Score ratings from ForexBrokers.com, DooPrime receives a score of 83, placing it in the trusted category. HFM, however, edges slightly ahead with a score of 86, also in the trusted category but closer to being highly trusted. These scores indicate that both platforms offer a reliable environment for traders, with HFM having a slight upper hand in regulatory trust.
| Feature |
DooPrime
|
HFM
|
|---|---|---|
| Year Founded | 2014 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 0 | 3 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 2 |
When comparing DooPrime and HFM for their commissions and fees, investors will find that DooPrime holds a 3-star rating in this category. Unfortunately, specific average spread data for DooPrime is unavailable, leaving some uncertainty for traders concerning potential costs. Among 63 brokers rated by ForexBrokers.com, DooPrime ranks 59th for commissions and fees, suggesting there may be more cost-effective options available in the market.
In contrast, HFM boasts a 4-star rating for its commissions and fees, reflecting a more competitive stance than DooPrime. Despite their standard trading accounts having typical spreads starting at 1.2 pips, it's important to note this figure might not represent an average, indicating potential fluctuations. Additionally, their Zero account offers an effective spread of 0.7 pips after commission, though this too is not an average spread. HFM's position in the ForexBrokers.com ranking is 31st out of 63 brokers, showcasing a more favorable standing compared to DooPrime.
Overall, traders prioritizing lower commissions and fees might find HFM a more attractive option due to its higher rating and ranking compared to DooPrime. Nonetheless, investors are advised to consider these factors in conjunction with other brokerage features and personal trading needs to make informed decisions.
| Feature |
DooPrime
|
HFM
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | N/A | 1.2 |
| All-in Cost EUR/USD - Active | N/A | 0.7 |
| Active Trader or VIP Discounts | No | No |
| 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 choosing between DooPrime and HFM for online trading, it's crucial to consider the variety of investment options they offer. DooPrime boasts an impressive 10,000 tradeable symbols, positioning itself as a versatile platform for those seeking a wide array of choices. On the other hand, HFM provides 500 tradeable symbols, offering a more streamlined selection. In terms of forex trading, HFM edges out with 102 forex pairs compared to DooPrime's 60. Both platforms provide opportunities for forex trading as CFDs or spot contracts and embrace copy trading functionalities. However, DooPrime sets itself apart by offering exchange-traded securities on both U.S. and international markets, a feature not available on HFM.
Exploring the cryptocurrency offerings, neither DooPrime nor HFM provides the ability to purchase actual cryptocurrencies, but HFM does offer cryptocurrency derivatives. This slight difference aside, DooPrime's broader spectrum of investment opportunities earns it a higher rating of 5 stars for its range of investments, compared to HFM's 4-star rating. Furthermore, DooPrime ranks #12 out of 63 brokers in the Range of Investments category by ForexBrokers.com, while HFM is positioned at #36, highlighting DooPrime's more extensive investment choices and appeal to a diverse range of traders.
| Feature |
DooPrime
|
HFM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 500 |
| Forex Pairs (Total) | 60 | 102 |
| 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). | 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.
Both DooPrime and HFM offer traders a comprehensive suite of trading platforms and tools that cater to beginners and seasoned investors alike. Both brokers provide simulated trading through free virtual demo accounts, which allows users to practice their trading strategies without any financial risk. They also offer proprietary platforms developed in-house, ensuring platforms that are fine-tuned to their respective clients' needs. For those who prefer traditional platforms, both brokers support MetaTrader 4 and 5, facilitating a familiar trading environment. Additionally, they offer a Windows-based desktop platform for those who prefer downloadable software and a web-based platform for browser convenience. Copy trading is also available at both brokers, allowing investors to replicate the trades of successful traders easily.
While both DooPrime and HFM offer the ability to trade directly from stock charts, HFM stands out by providing 30 drawing tools for charting compared to DooPrime's 15. Both brokers support the same number of columns for watch lists, offering seven fields for effective market tracking. Neither broker utilizes DupliTrade or ZuluTrade. In terms of rankings, DooPrime holds an edge over HFM according to ForexBrokers.com, as it is ranked #25 out of 63 brokers for trading platforms and tools, while HFM stands at #42. Both brokers, however, earn a solid four stars rating in this category, showcasing their dedication to delivering reliable trading solutions.
| Feature |
DooPrime
|
HFM
|
|---|---|---|
| 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 | 15 |
| Charting - Drawing Tools (Total) | 15 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both DooPrime and HFM offer comprehensive mobile trading apps compatible with both iPhone and Android devices. Users can receive stock and forex price alerts, view real-time quotes, and create watchlists with ease. Each app supports 30 technical studies for charting, allowing users to draw trendlines and adjust time frames. Furthermore, any drawings made on DooPrime and HFM apps are automatically saved for user convenience.
Despite these similarities, there are notable differences in user rankings. Both apps hold a 4-star rating; however, DooPrime ranks higher at #25, compared to HFM's #39, according to ForexBrokers.com. One drawback of both platforms is the absence of watchlist symbol syncing, meaning changes made on the mobile app won't automatically update in the online account, and vice versa. Overall, both apps are well-rated, making them strong contenders for mobile traders seeking effective tools on the go.
| Feature |
DooPrime
|
HFM
|
|---|---|---|
| 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 | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both DooPrime and HFM offer daily market commentary and Forex news from top-tier sources like Bloomberg and Reuters, making it easier for investors to stay informed. When it comes to additional tools, DooPrime stands out for its resources from Trading Central, offering valuable technical analysis options. On the other hand, HFM provides access to Autochartist's tools and a sentiment-based trading tool, which reveals traders' positions on various instruments.
Both platforms provide an economic calendar to track global news events. However, neither offers tools from Acuity Trading or research from TipRanks. Despite receiving similar four-star ratings for research, HFM ranks higher at #20 compared to DooPrime's #29 in the category according to ForexBrokers.com. This detailed comparison can help you decide the best fit for your market research needs.
| Feature |
DooPrime
|
HFM
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | Yes |
| 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 for beginners between DooPrime and HFM, both online brokers provide a range of materials, including articles, videos, and archived webinars focusing on forex and CFDs. This makes it easy for newcomers to grasp the essentials of these trading instruments. Each broker also offers a wide selection of beginner-friendly videos, ensuring that new traders have access to a wealth of information right from the start. Both DooPrime and HFM maintain a strong presence with 4-star ratings for educational offerings, showcasing their commitment to supporting beginners through quality resources.
However, when it comes to interactive learning, HFM stands out with its monthly online webinars and a searchable archive of past sessions for continued learning. This makes HFM an attractive choice for those who prefer a more interactive, ongoing educational experience. Additionally, HFM includes a comprehensive investor dictionary with over 50 trading terms, providing a valuable reference for beginners seeking to expand their knowledge base. Despite these differences, DooPrime maintains a higher ranking of #25 in the education category compared to HFM's #37, as rated by ForexBrokers.com, reflecting its relative effectiveness in meeting educational needs.
| Feature |
DooPrime
|
HFM
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| 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 HFM. DooPrime finished with an overall rank of #28, while HFM finished with an overall rank of #30.
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
|
HFM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 86 |
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While both DooPrime and HFM do not provide the option to purchase actual delivered cryptocurrencies, HFM differentiates itself by offering the capability to invest in cryptocurrency derivatives, unlike DooPrime.
When comparing the deposit and withdrawal options available at online brokers DooPrime and HFM, both offer Skrill, Visa, Mastercard, and bank wire services, but only DooPrime provides PayPal, while neither supports 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 | DooPrime | HFM | |
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| Trust Score | 83 | 86 | |
| Winner | check_circle | ||
| Review | HFM Review |
| Broker Screenshots | DooPrime | HFM | |
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| Regulation | DooPrime | HFM | |
|---|---|---|---|
| Trust Score | 83 | 86 | |
| Year Founded | 2014 | 2010 | |
| 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 | 3 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 2 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | HFM | |
|---|---|---|---|
| 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 | HFM | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | Yes | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | DooPrime | HFM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 500 | |
| Forex Pairs (Total) | 60 | 102 | |
| 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). | 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 | HFM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | 0.7 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | HFM | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| 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 | HFM | |
|---|---|---|---|
| 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | DooPrime | HFM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 15 | |
| Charting - Drawing Tools (Total) | 15 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | DooPrime | HFM | |
|---|---|---|---|
| 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 | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | DooPrime | HFM | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | HFM | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | DooPrime | HFM | |
|---|---|---|---|
| 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 | HFM Review |
| Overall | DooPrime | HFM | |
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| Trust Score | 83 | 86 | |
| Winner | check_circle | ||
| Review | HFM Review |
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