Written by ForexBrokers.com
In this head to head comparison of DooPrime vs IFC Markets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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When comparing online brokers DooPrime and IFC Markets, it's important to consider their regulatory standings and trust ratings. Founded in 2014, DooPrime holds four Tier-1 licenses, earning it a Trust Score of 83 from ForexBrokers.com, categorizing it as a trusted option. In contrast, IFC Markets, established in 2006, holds no Tier-1 licenses and has a Trust Score of 73, placing it at an average risk level according to the same rating agency.
Neither DooPrime nor IFC Markets are publicly traded or operate as banks. While DooPrime possesses no Tier-2 licenses, IFC Markets holds one, adding a minor level of additional trustworthiness. These regulatory differences are important considerations for potential investors looking for a balance between trust and risk in their choice of online broker.
| Feature |
DooPrime
|
IFC Markets
|
|---|---|---|
| Year Founded | 2014 | 2006 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 0 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When comparing the commissions and fees of DooPrime and IFC Markets, you'll find distinct differences between the two brokers. DooPrime, unfortunately, lacks available average spread data, making it hard to gauge how their fees stack up against competitors. This limitation may pose challenges for traders looking to optimize cost efficiency. DooPrime is rated 3 out of 5 stars for commissions and fees and is ranked #59 out of 63 brokers by ForexBrokers.com in this category.
On the other hand, IFC Markets offers a clearer view of its cost structure. The average spread for EUR/USD with them is 1.44, which is higher than the industry average of 1.08, indicating that it might be less competitive for some traders. However, IFC Markets does provide more favorable conditions for active traders. Their new ECN account brings the effective spread down to 1.1 pips, considering a 0.005% commission on both sides of the trade. Additionally, the lack of inactivity fees and the availability of active trader discounts add to IFC Markets' appeal. These features contribute to their overall rating of 4 out of 5 stars and a ranking of #39 out of 63 brokers according to ForexBrokers.com.
| Feature |
DooPrime
|
IFC Markets
|
|---|---|---|
| Minimum Deposit | $100 | $1 |
| Average Spread EUR/USD - Standard | N/A | 1.44 |
| All-in Cost EUR/USD - Active | N/A | 1.1 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When looking at DooPrime and IFC Markets for an array of investment options, DooPrime stands out with an impressive offering. DooPrime provides access to an extensive 10,000 tradeable symbols, including 60 forex pairs, compared to IFC Markets' 630 symbols and 49 forex pairs. Both platforms offer forex trading as a CFD or spot contract. However, a notable advantage of DooPrime is the ability to trade exchange-traded securities on U.S. exchanges, enabling clients to invest directly in companies like Apple. IFC Markets, on the other hand, does not offer this service. Both brokers support trading on international exchanges, providing opportunities to buy shares in companies like Vodafone.
For those interested in forex, DooPrime can be a more versatile choice with its wider range of investments. Both platforms support copy trading, appealing to users who prefer automated investing. However, neither offers the purchase of actual cryptocurrencies; although, IFC Markets provides the option to buy cryptocurrency derivatives. In terms of rankings by ForexBrokers.com, DooPrime holds a superior position at 12th place, boasting a 5-star rating for its range of investments, whereas IFC Markets is positioned at 43rd with a 3.5-star rating. This makes DooPrime a more comprehensive solution for investors looking for a diverse array of financial instruments.
| Feature |
DooPrime
|
IFC Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 630 |
| Forex Pairs (Total) | 60 | 49 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools offered by DooPrime and IFC Markets, both brokers provide a range of features that cater to diverse trading needs. Both firms offer simulated trading through free virtual demo accounts, allowing users to practice without financial risk. They also each have proprietary platforms, Windows-based desktop applications, and web-based trading platforms, ensuring flexibility in how traders can access the markets. Advanced tools like MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are available with both brokers. Although neither offers DupliTrade or ZuluTrade, each supports copy trading as an alternative for traders looking to mirror successful strategies. Charting capabilities are strong across the board, with 15 drawing tools and the option to trade directly from stock charts. Customization of watch lists features seven columns at both brokers to suit different trader preferences.
DooPrime and IFC Markets realize equal potential in their trading platforms and tools, as reflected in their matching four-star ratings. However, DooPrime slightly edges out IFC Markets in the ForexBrokers.com ranking, standing at #25 out of 63 brokers, compared to IFC Markets at #36. This subtle difference could be a deciding factor for traders prioritizing platform features and toolsets when choosing between these two brokers. Nonetheless, both brokers offer similar strengths with comprehensive trading capabilities ideal for both novice and experienced investors aiming for effective trading experiences.
| Feature |
DooPrime
|
IFC Markets
|
|---|---|---|
| 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 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When choosing between DooPrime and IFC Markets for mobile trading, both brokers offer apps compatible with iPhone and Android devices, enabling traders to stay connected on the go. Each app provides stock or forex price alerts and allows the drawing of trendlines on charts, supporting multiple time frames such as daily, weekly, or intraday views. Both platforms also include real-time watchlists and offer 30 technical studies for charting, along with auto-saving drawing features. Despite these similarities, there is a notable difference: IFC Markets allows watchlist symbol syncing between the mobile app and a user’s online account, while DooPrime does not.
In terms of ratings, both DooPrime and IFC Markets receive four stars for their mobile trading apps. However, when it comes to rankings by ForexBrokers.com, DooPrime stands higher at 25th out of 63 brokers, while IFC Markets ranks 52nd. This ranking might give DooPrime a slight edge for some traders. Overall, both brokers provide comprehensive mobile trading experiences, but the choice may depend on whether watchlist syncing is a priority for the user.
| Feature |
DooPrime
|
IFC Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| 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.
When it comes to market research, both DooPrime and IFC Markets provide daily market commentary, making them valuable resources for staying informed about market movements. However, unlike IFC Markets, DooPrime goes a step further by offering forex news from top-tier sources such as Bloomberg and Reuters. This offers a distinct advantage for traders needing quick access to reliable market news. While neither broker provides research tools from Autochartist or market insights from TipRanks, DooPrime enhances its offering with technical analytics from Trading Central, a service IFC Markets does not include. Conversely, IFC Markets provides a sentiment-based trading tool, showing a ratio of long or short positions across various instruments, which DooPrime lacks.
Both brokers feature an economic calendar displaying pertinent global news events, helping traders stay abreast of potential market-moving announcements. In terms of research quality, DooPrime edges ahead with a 4-star rating compared to IFC Markets' 3.5 stars. According to ForexBrokers.com, DooPrime ranks 29th for research out of 63 brokers, while IFC Markets holds the 40th spot. This comparison highlights DooPrime's slightly superior offering in market research, making it a potentially more attractive choice for traders seeking comprehensive and accessible insights.
| Feature |
DooPrime
|
IFC Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| 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 available for beginners at DooPrime and IFC Markets, both brokers provide a solid foundation for new traders. Each offers over ten educational pieces focusing on forex or CFDs, supplemented by an array of beginner-friendly videos. These offerings provide essential knowledge to help new traders understand the basics of trading. However, neither broker offers monthly educational webinars or an archive of recorded sessions for more in-depth learning opportunities, which could enhance their educational offerings.
DooPrime and IFC Markets also cater to more advanced traders with a selection of videos designed for those with more experience. Though DooPrime lacks an investor dictionary, which IFC Markets includes with definitions of over 50 investing terms, DooPrime edges out in the education category ratings, receiving four stars compared to IFC Markets' 3.5 stars. Ranked by ForexBrokers.com, DooPrime stands at #25, while IFC Markets sits at #30 out of 63 brokers, suggesting a slight preference toward DooPrime for educational resources. Overall, both brokers provide valuable educational content, though DooPrime appears slightly more favorable for beginners seeking a comprehensive learning experience.
| Feature |
DooPrime
|
IFC Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| 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 IFC Markets. DooPrime finished with an overall rank of #28, while IFC Markets finished with an overall rank of #45.
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
|
IFC Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 73 |
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While both DooPrime and IFC Markets do not provide the option to buy actual delivered cryptocurrencies, IFC Markets distinguishes itself by offering the ability to trade cryptocurrency derivatives, unlike DooPrime.
When comparing online brokers DooPrime and IFC Markets, both lack ACH and SEPA transfer options but support bank wires and Visa or Mastercard transactions, with DooPrime also offering PayPal and Skrill for greater flexibility, unlike IFC Markets.
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 | IFC Markets | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
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| Broker Screenshots | DooPrime | IFC Markets | |
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| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
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| Regulation | DooPrime | IFC Markets | |
|---|---|---|---|
| Trust Score | 83 | 73 | |
| Year Founded | 2014 | 2006 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 4 | 0 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | IFC Markets | |
|---|---|---|---|
| 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 | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | DooPrime | IFC Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | DooPrime | IFC Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 630 | |
| Forex Pairs (Total) | 60 | 49 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| 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). |
| Cost | DooPrime | IFC Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.44 | |
| All-in Cost EUR/USD - Active | N/A | 1.1 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | IFC Markets | |
|---|---|---|---|
| Minimum Deposit | $100 | $1 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | DooPrime | IFC Markets | |
|---|---|---|---|
| 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 | IFC Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | DooPrime | IFC Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| 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 | IFC Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | IFC Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | DooPrime | IFC Markets | |
|---|---|---|---|
| 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 |
| Overall | DooPrime | IFC Markets | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
| Review |
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