DooPrime vs IFC Markets 2024

DooPrime is not publicly traded and does not operate a bank. DooPrime is authorised by four Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and three Tier-4 regulators (High Risk). DooPrime is authorised by the following Tier-1 regulators: Securities Futures Commission (SFC), Financial Conduct Authority (FCA), Commodity Futures Trading Commission (CFTC), and regulated in the European Union via the MiFID passporting system

IFC Markets is not publicly traded and does not operate a bank. IFC Markets is authorised by zero Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). IFC Markets is authorised by the following tier-1 regulators: BVI Financial Services Commission (FSC).

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.

IFC Markets is a well-established broker that has been in operation for 17 years. Forex traders at ICF Markets gain access to multiple trading platforms, a growing range of tradeable markets, and a balanced offering of research and educational content. However, IFC Markets’ Trust Score suffers due to the broker’s limited range of regulatory licenses.

To open a trading account with DooPrime, you'll need to make an initial minimum deposit of $100.

IFC Markets requires a minimum deposit of $1 before you can open an account and start trading.

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. DooPrime offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw) for banking, whereas IFC Markets provides Visa/Mastercard (Credit/Debit) and Bank Wire (Deposit/Withdraw).

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that IFC Markets offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that DooPrime holds 4 global Tier-1 licenses, while IFC Markets holds 0. IFC Markets holds 1 global Tier-2 licenses, while DooPrime holds 0.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that DooPrime (83) earned a higher Trust Score than IFC Markets (73).

To compare the trading platforms of both DooPrime and IFC Markets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, DooPrime offers a better experience. With research, DooPrime offers superior market research. Finally, we found DooPrime to provide better mobile trading apps.

Here’s what trading platforms are available at DooPrime:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - No

Here’s what trading platforms are available at IFC Markets:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - No

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both DooPrime and IFC Markets offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. DooPrime and IFC Markets both offer copy trading.

DooPrime provides traders 60 currency pairs (e.g., EUR/USD) compared to IFC Markets's 49 available pairs. If you are interested in trading a full range of securities, DooPrime offers traders access to 10000 tradeable symbols, while IFC Markets offers access to 630 tradeable symbols; so DooPrime offers 9370 more tradeable symbols than IFC Markets.

We found in our testing that DooPrime offers a more diverse selection of investment options than IFC Markets, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Int'l Stock Trading (Non CFD) and Social Trading / Copy Trading. Neither have Cryptocurrency (Physical) and Spread Betting.