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Home ‣ Compare ‣ IC Markets vs DooPrime 2025

IC Markets vs DooPrime 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of IC Markets vs DooPrime, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

IC Markets
4.5/5 Stars Overall
  • Minimum Deposit: $200
  • Trust Score: 84
  • Tradeable Symbols (Total): 3583
DooPrime
4/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 83
  • Tradeable Symbols (Total): 10000

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.

Regulation

IC Markets and DooPrime are well-regarded online brokers, each offering unique regulatory features for traders. IC Markets, founded in 2007, holds two Tier-1 licenses, considered highly trustworthy according to ForexBrokers.com, and boasts a Trust Score of 84, placing it firmly in the trusted category. Although not a publicly traded company or a bank, IC Markets has established itself as a reliable choice with its strong regulatory backing.

DooPrime, on the other hand, entered the market in 2014 and holds four Tier-1 licenses, signaling a high level of trustworthiness despite not being listed on a stock exchange or functioning as a bank. With a Trust Score of 83, DooPrime is also categorized as a trusted broker. Both platforms provide secure and reliable options for users looking to engage in online trading within a trusted regulatory framework.

Feature IC Markets logoIC Markets
DooPrime logoDooPrime
Year Founded info 2007 2014
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 4
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 3 3

Fees

IC Markets is the clear winner on pricing, earning 5 out of 5 stars for commissions and fees and ranking #5 out of 63 brokers, while DooPrime holds 3 out of 5 stars and ranks #60. IC Markets’ low trading costs, small effective spreads, and low deposit requirement for its commission-based accounts helped it earn Best in Class honors for Commissions & Fees in the 2024 Annual Awards.

IC Markets offers three account types: a commission-free Standard account with an average EUR/USD spread of 0.62 pips, and two commission-based Raw Spread accounts (cTrader or MetaTrader). On cTrader, the commission is $3.00 per side per 100,000 units ($6.00 round turn), delivering an all-in EUR/USD cost around 0.62 pips. On MetaTrader (MT4/MT5), the Raw Spread account charges $3.50 per side ($7.00 round turn), for about 0.72 pips all-in. IC Markets lists its average EUR/USD spread at 0.02 pips (August 2022) before commission, offers discounts for trading over 100 standard lots per month, and notes that pricing can vary by platform, account type, and global entity (Cyprus, Australia, Seychelles).

DooPrime does not publish average spread data, which makes it harder to compare exact trading costs. Reflecting this, it receives 3 out of 5 stars for commissions and fees and ranks #60 out of 63 brokers, well behind IC Markets on price transparency and overall cost competitiveness.

Feature IC Markets logoIC Markets
DooPrime logoDooPrime
Minimum Deposit info $200 $100
Average Spread EUR/USD - Standard info 0.62 info N/A info
All-in Cost EUR/USD - Active info 0.62 info N/A info
Active Trader or VIP Discounts info Yes No
ACH or SEPA Transfers info No No
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

IC Markets and DooPrime both support forex trading (CFD or spot) and offer copy trading, but their product ranges differ. DooPrime lists about 10,000 tradeable symbols, far more than IC Markets’ 3,583. IC Markets edges ahead on currency coverage with 61 forex pairs versus DooPrime’s 60. For shares, DooPrime lets you buy exchange-traded securities on both U.S. and international exchanges, while IC Markets offers exchange-traded securities on international markets only (not U.S.).

Crypto access is another key difference: neither broker lets you buy actual cryptocurrency, but IC Markets offers crypto derivatives while DooPrime does not. For Range of Investments, ForexBrokers.com rates IC Markets 4.5/5 (ranked #26 of 63) and DooPrime 5/5 (ranked #13 of 63). Choose DooPrime if you want the biggest symbol list and access to U.S. shares, or pick IC Markets if you value crypto derivatives and a slightly larger set of forex pairs.

Feature IC Markets logoIC Markets
DooPrime logoDooPrime
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 3583 10000
Forex Pairs (Total) info 61 60
U.S. Stock Trading (Non CFD) info No Yes
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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.

Trading platforms and tools

When evaluating the trading platforms offered by IC Markets and DooPrime, both brokers provide essential features for traders, such as simulated trading with free virtual demo accounts. While IC Markets does not develop its own proprietary platform, DooPrime offers a unique in-house option for its users. Both brokers support Windows-based desktop platforms and web-based trading, while offering popular tools like MetaTrader 4 and MetaTrader 5. Copy trading is available with both brokers; however, IC Markets sets itself apart by supporting ZuluTrade, which DooPrime does not. When it comes to trading directly from charts, both brokers provide this functionality, along with 15 drawing tools for detailed analysis.

Regarding additional features like watch lists, both IC Markets and DooPrime provide the same number of fields for customization, with seven columns available. Although both brokers are rated four stars out of five for their trading platforms and tools, IC Markets has a slight edge in rankings, placing 16th out of 63 brokers compared to DooPrime's 25th place according to ForexBrokers.com. This difference may reflect the distinct offering of ZuluTrade by IC Markets, contributing to its slightly higher standing among competitors.

Feature IC Markets logoIC Markets
DooPrime logoDooPrime
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
DupliTrade info No No
ZuluTrade info Yes No
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 15 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 7 7

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Both IC Markets and DooPrime offer comprehensive mobile trading apps for iPhone and Android users, providing tools needed for on-the-go trading. Each platform supports advanced features such as stock and forex price alerts, the ability to draw trendlines, multiple time frames for chart viewing, and auto-saving of chart drawings. Additionally, traders can create and manage watchlists with real-time quotes, making it easier to keep track of favorite stocks and forex pairs. While both apps support 30 technical studies for chart analysis, neither supports synchronized watchlist symbols between mobile apps and online accounts, which may be a concern for some traders needing seamless integration across devices.

When assessing the overall user experience, both IC Markets and DooPrime receive a respectable rating of 4 stars for their mobile trading apps. According to ForexBrokers.com, IC Markets ranks slightly higher in the Mobile Trading Apps category, holding the 22nd position out of 63 brokers, compared to DooPrime's 25th place. Overall, both brokers offer strong options for mobile trading, with equivalent toolsets to meet the needs of traders, though users may find slight differences in performance or feel that contribute to their personal preferences.

Feature IC Markets logoIC Markets
DooPrime logoDooPrime
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

IC Markets and DooPrime both support everyday traders with daily market commentary, top-tier forex news (from sources like Bloomberg, Reuters, or similar), Trading Central research, and an economic calendar for upcoming events. Both are rated 4 out of 5 stars for research. In the ForexBrokers.com rankings across 63 brokers, IC Markets sits at 23rd, while DooPrime is 30th.

The key differences are in extra tools. IC Markets includes Autochartist for chart pattern ideas and a sentiment tool that shows the share of long vs. short positions—DooPrime does not. IC Markets does not offer TipRanks or Acuity Trading; DooPrime’s availability for these two providers wasn’t specified. If these add-ons matter to you, it’s worth checking directly with the broker before you decide.

Feature IC Markets logoIC Markets
DooPrime logoDooPrime
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info Yes Yes
Social Sentiment - Currency Pairs info Yes No
TipRanks info No
Signal Centre (Acuity Trading) info No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to educational resources for beginners, IC Markets and DooPrime both provide a strong selection of materials on forex and CFDs, with each offering at least 10 educational pieces such as articles, videos, and archived webinars. IC Markets stands out with its monthly online educational webinars for clients and a searchable archive of past sessions, which gives learners an opportunity to revisit important topics at their convenience. DooPrime, on the other hand, does not offer these webinars or an archive, which might limit the interactive learning experience for some novices. Both brokers offer a solid collection of videos suitable for beginners as well as advanced traders, ensuring a comprehensive learning journey through various stages of expertise.

While IC Markets offers an investor dictionary that covers over 50 investing terms, helping new traders become familiar with essential terminology, DooPrime lacks this feature. Evaluating their educational strength, both brokers receive a 4-star rating, though IC Markets is ranked higher, sitting at #16 out of 63 brokers according to ForexBrokers.com, compared to DooPrime's #25 ranking. This indicates that while both are commendable options for educational content, IC Markets perhaps edges ahead by offering more diverse and accessible learning opportunities for those eager to deepen their understanding of trading.

Feature IC Markets logoIC Markets
DooPrime logoDooPrime
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that IC Markets is better than DooPrime. IC Markets finished with an overall rank of #20, while DooPrime finished with an overall rank of #28.

IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders.

Feature IC Markets logoIC Markets
DooPrime logoDooPrime
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 84 83
Range of Investments 4.5/5 Stars 5/5 Stars
Commissions & Fees 5/5 Stars 3/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with IC Markets or DooPrime?

While both IC Markets and DooPrime do not provide the option to purchase actual delivered cryptocurrencies, IC Markets enables traders to buy cryptocurrency derivatives, unlike DooPrime, which does not offer this facility.

What funding options does each broker offer?

Both IC Markets and DooPrime do not support ACH or SEPA transfers for deposits and withdrawals, yet they offer multiple options including PayPal, Skrill, Visa or Mastercard, and bank wires.

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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.

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Overall Rating IC Markets DooPrime
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 3/5 Stars
Range of Investments 4.5/5 Stars 5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 84 83
Winner check_circle
Review IC Markets Review
Broker Screenshots IC Markets DooPrime
Broker Gallery (click to expand) info
IC Markets cTrader mobile app charting IC Markets EU cTrader desktop trading platform layout IC Markets webinar IC Your Trade YouTube video series. IC Markets Educational content blog articles.
Regulation IC Markets DooPrime
Trust Score info 84 83
Year Founded info 2007 2014
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 2 4
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 3 3
Tier-1 Licenses (Highly Trusted) IC Markets DooPrime
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No Yes
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info No Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses (Trusted) IC Markets DooPrime
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments IC Markets DooPrime
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 3583 10000
Forex Pairs (Total) info 61 60
U.S. Stock Trading (Non CFD) info No Yes
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 IC Markets DooPrime
Average Spread EUR/USD - Standard info 0.62 info N/A info
All-in Cost EUR/USD - Active info 0.62 info N/A info
Active Trader or VIP Discounts info Yes No
Inactivity Fee info No No
Execution: Agency Broker info Yes Yes
Execution: Market Maker info Yes Yes
Funding IC Markets DooPrime
Minimum Deposit info $200 $100
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No No
Trading Platforms IC Markets DooPrime
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info Yes No
DupliTrade info No No
ZuluTrade info Yes No
Trading Tools IC Markets DooPrime
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 7
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 15 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading IC Markets DooPrime
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes Yes
Research IC Markets DooPrime
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info Yes Yes
TipRanks info No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education IC Markets DooPrime
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes No
Major Forex Pairs IC Markets DooPrime
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review IC Markets Review
Overall IC Markets DooPrime
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 3/5 Stars
Range of Investments 4.5/5 Stars 5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 84 83
Winner check_circle
Review IC Markets Review
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