Written by ForexBrokers.com
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.
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.
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
|
DooPrime
|
|---|---|---|
| Year Founded | 2007 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 4 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 3 |
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
|
DooPrime
|
|---|---|---|
| Minimum Deposit | $200 | $100 |
| Average spread (EUR/USD) - Standard account | 0.62 | N/A |
| All-in Cost EUR/USD - Active | 0.62 | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing the range of investments, DooPrime lists about 10,000 tradeable symbols versus 3,583 at IC Markets. Both brokers support forex trading (CFD or spot), with IC Markets offering 61 currency pairs and DooPrime 60. For the Range of Investments category, DooPrime is rated 5.0 out of 5 stars and ranked #13 out of 63 brokers by ForexBrokers.com, while IC Markets is rated 4.5 out of 5 stars and ranked #26.
For stocks, DooPrime lets clients buy U.S.-listed shares (not CFDs), which IC Markets does not; both offer exchange-traded shares on international markets. Neither broker sells actual cryptocurrency, but IC Markets does provide cryptocurrency CFDs, whereas DooPrime does not. Both support copy trading. In short, choose DooPrime if you want U.S. share dealing and the largest instrument list, or pick IC Markets if you want crypto CFDs along with a wide CFD lineup and a slightly larger set of forex pairs.
| Feature |
IC Markets
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3583 | 10000 |
| Forex Pairs (Total) | 61 | 60 |
| U.S. Stocks (Shares) | No | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
IC Markets vs DooPrime: both brokers check key boxes for trading platforms and tools. Each offers a free demo (paper) account, web and Windows desktop platforms, copy trading, and the ability to place trades directly from charts. Both also support MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The main difference is platform lineup: IC Markets sticks to third‑party platforms, while DooPrime adds its own in‑house platform alongside MT4/MT5—useful if you want a broker-built experience as well as the familiar MetaTrader suite.
For platform quality, both earn 4 out of 5 stars for Trading Platforms and Tools. In ForexBrokers.com’s rankings, IC Markets places #16 out of 63 brokers, while DooPrime ranks #25 out of 63. If you prefer a simple MetaTrader-focused setup, both are strong options; if having a proprietary platform matters, DooPrime has the edge, whereas IC Markets keeps things centered on widely used third‑party tools.
| Feature |
IC Markets
|
DooPrime
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
IC Markets and DooPrime both offer mobile trading apps for iPhone and Android. Each app supports stock and forex price alerts and provides similar charting tools: 30 technical studies, the ability to draw trendlines, and automatic saving of your drawings for later. One drawback is watchlist symbol syncing—neither broker syncs watchlists between the mobile app and your online account, so edits made in one place won’t carry over to the other.
Both mobile apps are rated 4 out of 5 stars. According to ForexBrokers.com, IC Markets ranks #22 out of 63 brokers for Mobile Trading Apps, while DooPrime ranks #25, giving IC Markets a slight edge. If you want timely alerts and solid on-the-go charting, either app is a good fit; if seamless watchlist syncing is important, you’ll need to manage lists separately or consider alternatives.
| Feature |
IC Markets
|
DooPrime
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
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
|
DooPrime
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner traders comparing education at IC Markets vs DooPrime, both brokers offer plenty of videos to get started: each has at least 10 beginner videos and 10 more for advanced topics as you grow. A key difference is interactivity—IC Markets hosts live educational webinars at least once a month, while DooPrime does not. Both earn 4 out of 5 stars for Education, though IC Markets ranks 16th out of 63 brokers and DooPrime ranks 25th, according to ForexBrokers.com.
If you learn best through live sessions with chances to ask questions, IC Markets has the edge thanks to its webinars. If you prefer self-paced video lessons, either broker can work well, with content that helps you progress from basics to more advanced trading concepts.
| Feature |
IC Markets
|
DooPrime
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
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
|
DooPrime
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 84 | 83 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
IC Markets vs DooPrime: neither broker lets you buy actual (delivered) cryptocurrency, but IC Markets offers cryptocurrency CFDs while DooPrime does not.
In a deposit and withdrawal methods comparison, IC Markets does not support ACH or SEPA but does offer PayPal, Skrill, and bank wire (Visa/Mastercard not specified), whereas DooPrime also lacks ACH/SEPA support and its options for PayPal, Skrill, Visa/Mastercard, and bank wire are not specified.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | IC Markets | DooPrime | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 84 | 83 | |
| Winner | check_circle | ||
| Review | IC Markets Review |
| Broker Screenshots | IC Markets | DooPrime | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
| Regulation | IC Markets | DooPrime | |
|---|---|---|---|
| Trust Score | 84 | 83 | |
| Year Founded | 2007 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 4 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 3 |
| Tier-1 Licenses (Highly Trusted) | IC Markets | DooPrime | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | 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) | IC Markets | DooPrime | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | IC Markets | DooPrime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3583 | 10000 | |
| Forex Pairs (Total) | 61 | 60 | |
| U.S. Stocks (Shares) | No | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 account | 0.62 | N/A | |
| All-in Cost EUR/USD - Active | 0.62 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | IC Markets | DooPrime | |
|---|---|---|---|
| Minimum Deposit | $200 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | IC Markets | DooPrime | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | IC Markets | DooPrime | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IC Markets | DooPrime | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | IC Markets | DooPrime | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | Yes | Yes | |
| TipRanks | No | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | IC Markets | DooPrime | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | IC Markets | DooPrime | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | IC Markets Review |
| Overall | IC Markets | DooPrime | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 84 | 83 | |
| Winner | check_circle | ||
| Review | IC Markets Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill