Written by ForexBrokers.com
In this head to head comparison of DooPrime vs iFOREX, 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.
DooPrime and iFOREX are both reputable online brokers catering to diverse trading needs, yet they have distinct regulatory profiles. DooPrime, founded in 2014, boasts a strong regulatory standing with four Tier-1 licenses, which are considered highly trusted by ForexBrokers.com. This contributes to its respectable Trust Score rating of 83, categorizing it as a trusted broker. In contrast, iFOREX, established in 1996, holds one Tier-1 license and has a Trust Score rating of 75, suggesting an average risk profile according to ForexBrokers.com’s rating system.
Neither DooPrime nor iFOREX is publicly traded or operates as a bank. Each entity provides trading access and services without being listed on a stock exchange. While iFOREX has a longer history in the trading market, DooPrime's multiple Tier-1 licenses highlight its firm regulatory compliance and governance. These aspects should be considered when evaluating these brokers for their reliability and credibility in the competitive world of online trading.
| Feature |
DooPrime
|
iFOREX
|
|---|---|---|
| Year Founded | 2014 | 1996 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When comparing online brokers DooPrime and iFOREX in terms of commissions and fees, both platforms offer similarly rated services. Unfortunately, detailed average spread data is not provided for either broker, which could make it challenging for traders to predict costs accurately. Nonetheless, each of these brokers charges fees that contribute to the total cost of trading. Both brokers are rated three out of five stars for their commissions and fees, indicating a moderate level of satisfaction among users.
Despite these similar star ratings, DooPrime edges slightly ahead in industry rankings. According to ForexBrokers.com, DooPrime is ranked 59th out of 63 brokers in the Commissions and Fees category. This suggests that while there may be room for improvement, DooPrime manages to offer a more competitive fee structure relative to iFOREX.
On the other hand, iFOREX is ranked 61st in the same category, indicating it falls just behind DooPrime when it comes to cost-effectiveness. This ranking reflects a tighter margin of difference but emphasizes the need for potential users to consider all fees associated before choosing iFOREX. Both brokers present moderate commission structures, so traders may want to explore other aspects of their services in making a final decision.
| Feature |
DooPrime
|
iFOREX
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| 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 it comes to investment options, DooPrime and iFOREX both provide forex trading as CFDs or spot contracts. DooPrime stands out with an impressive offering of 10,000 tradeable symbols, significantly more than the 750 symbols offered by iFOREX. While iFOREX offers more forex pairs (88) compared to DooPrime's 60, DooPrime's variety of exchange traded securities extends to both U.S. and international exchanges, allowing users to invest directly in stocks like Apple and Vodafone. On the other hand, iFOREX does not offer exchange traded securities on these exchanges. Additionally, DooPrime supports copy trading, a feature absent in iFOREX.
In terms of cryptocurrency, neither broker offers the purchase of actual cryptocurrencies. However, iFOREX provides the option to trade cryptocurrency derivatives, a service not available at DooPrime. Based on their range of investments, DooPrime is rated 5 stars, securing a 12th place ranking out of 63 brokers, while iFOREX has a 3.5-star rating and ranks 41st. These ratings reflect DooPrime's more expansive offering of investment opportunities compared to iFOREX.
| Feature |
DooPrime
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 750 |
| Forex Pairs (Total) | 60 | 88 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | No |
| 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.
When comparing the trading platforms and tools offered by DooPrime and iFOREX, DooPrime stands out by providing a free virtual demo account, which iFOREX does not offer. Both brokers provide proprietary platforms developed in-house, but only DooPrime offers a Windows-based desktop download platform, whereas iFOREX does not. Both brokers do offer web-based (browser) platforms too. A significant advantage of DooPrime is the availability of MetaTrader 4 and MetaTrader 5, which are popular among traders for their advanced features, tools, and flexibility, resources not available with iFOREX. While DooPrime supports copy trading, iFOREX lacks this feature.
On the technical front, DooPrime provides 15 drawing tools for charting, compared to iFOREX's 25. Both brokers allow trading directly from a stock chart, enhancing ease of use. When it comes to watch lists, iFOREX provides more flexibility with nine columns compared to DooPrime's seven columns. Despite these differences, both received a 4-star rating for their trading platforms and tools. However, DooPrime has a higher ranking at #25 out of 63 brokers in the Trading Platforms and Tools category on ForexBrokers.com, compared to iFOREX's rank of #54, making DooPrime the more favorably positioned choice for many traders seeking a comprehensive trading experience.
| Feature |
DooPrime
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 57 |
| Charting - Drawing Tools (Total) | 15 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both DooPrime and iFOREX cater to users on the go with their offerings available on iPhone and Android devices. DooPrime stands out by providing valuable features such as stock and forex price alerts and the capability to draw trendlines on charts—something iFOREX doesn't currently offer. With DooPrime, traders can enjoy the flexibility of viewing multiple time frames on charts, ensuring they have a well-rounded perspective before making trades. Additionally, with DooPrime, any drawing annotations are auto-saved, making trading smoother and more efficient.
Though both apps are rated four stars for their mobile trading experience, DooPrime leads in global rankings, placed at #25 compared to iFOREX's position at #55 by ForexBrokers.com. The ability to create a watchlist with real-time quotes adds to DooPrime's appeal, enhancing its utility for active traders. However, it’s worth noting that neither platform supports syncing watchlist symbols between the mobile app and online accounts. For those seeking comprehensive charting tools, DooPrime offers 30 technical studies, enriching the technical analysis process. While iFOREX has its strengths, DooPrime's additional features and higher ranking might make it the preferred choice for traders seeking a dynamic mobile trading experience.
| Feature |
DooPrime
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When evaluating market research offerings, DooPrime provides traders with a more comprehensive suite compared to iFOREX. Both platforms deliver daily market commentary. However, DooPrime has the edge in supplying forex news from esteemed sources like Bloomberg and Reuters, a feature iFOREX lacks. Both brokers integrate tools from Trading Central, assisting users with technical analytics. While DooPrime misses sentiment-based trading tools, iFOREX includes these to show trader positions across currencies, providing insight into market sentiment.
Additionally, both brokers offer an economic calendar that tracks global economic events, helping users remain informed about market-moving occurrences. Notably, while neither platform offers research tools from Acuity Trading or TipRanks, DooPrime's varied offerings lead to a higher research rating of four stars compared to iFOREX's 3.5 stars. In overall rankings by ForexBrokers.com, DooPrime is placed at #29 out of 63 brokers for market research, considerably ahead of iFOREX, which is ranked #48, underscoring DooPrime's stronger research reputation.
| Feature |
DooPrime
|
iFOREX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| 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 it comes to educational resources for beginners, DooPrime sets itself apart from iFOREX with a wider array of options. DooPrime offers more than 10 educational materials focused on forex and CFDs, including a variety of videos and articles catering specifically to beginners. iFOREX, on the other hand, does not meet this standard, and while both platforms lack monthly webinars and archived webinar content, DooPrime excels by providing a collection of beginner videos.
DooPrime also caters to more experienced traders with advanced educational videos, a feature not available with iFOREX. Both platforms fall short by not offering an investor dictionary with 50 terms. Overall, DooPrime receives a higher rating for its educational content with 4 stars out of 5, compared to iFOREX's 3.5-star rating. This is reflected in their rankings, where DooPrime is placed at #25 among 63 brokers by ForexBrokers.com, whereas iFOREX ranks at a lower #53.
| Feature |
DooPrime
|
iFOREX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | No |
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 iFOREX. DooPrime finished with an overall rank of #28, while iFOREX finished with an overall rank of #52.
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
|
iFOREX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 75 |
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While both DooPrime and iFOREX do not offer the option to purchase actual, delivered cryptocurrencies, only iFOREX provides the ability to invest in cryptocurrency derivatives, offering additional trading opportunities compared to DooPrime.
Both DooPrime and iFOREX do not offer ACH or SEPA transfers for deposits or withdrawals, but they support PayPal, Skrill, Visa or Mastercard, and bank wires as options for managing account funds.
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 | iFOREX | |
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| Trust Score | 83 | 75 | |
| Winner | check_circle | ||
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| Broker Screenshots | DooPrime | iFOREX | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | DooPrime | iFOREX | |
|---|---|---|---|
| Trust Score | 83 | 75 | |
| Year Founded | 2014 | 1996 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | DooPrime | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 750 | |
| Forex Pairs (Total) | 60 | 88 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | iFOREX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| 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 | iFOREX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | DooPrime | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 30 | 57 | |
| Charting - Drawing Tools (Total) | 15 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | DooPrime | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | DooPrime | iFOREX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | iFOREX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | DooPrime | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
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| Trust Score | 83 | 75 | |
| Winner | check_circle | ||
| Review |
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