Written by ForexBrokers.com
In this head to head comparison of IG 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.
IG and DooPrime are both prominent options for online trading, yet they differ in several key areas. Founded in 1974, IG stands out for its long history and is publicly traded, adding an extra layer of credibility. Serving as a bank, IG has secured 8 Tier-1 licenses and 2 Tier-2 licenses, providing a ForexBrokers.com Trust Score of 99, making it a highly trusted broker. Meanwhile, DooPrime, founded in 2014, operates as a privately held entity and is not a bank. Although it holds 4 Tier-1 licenses, it lacks any Tier-2 licenses, resulting in a Trust Score of 83, placing it in the trusted category.
Choosing between IG and DooPrime depends on individual priorities. IG's longer history, status as a bank, and higher regulatory licensing align it with top trust levels, ideal for those prioritizing risk management. Conversely, DooPrime, with its respectable trust score and adequate Tier-1 licensing, caters to traders seeking a trusted yet younger brokerage platform. Both firms offer unique benefits, but IG's extensive credentials might make it the preferred choice for more risk-conscious traders.
| Feature |
IG
|
DooPrime
|
|---|---|---|
| Year Founded | 1974 | 2014 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 8 | 4 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
When comparing IG and DooPrime in terms of commissions and fees, it's clear that IG offers a more competitive structure, especially for active traders. IG, a well-established online broker, provides scalable execution across a variety of products, with several execution methods available beyond its standard market maker account. Though not categorized as a discount broker, IG stands out with its Forex Direct accounts, which are aimed at active traders who benefit from competitive pricing on larger orders. For instance, during July 2023, the average spread on its Forex Direct account was 0.62 pips, resulting in an all-in cost of 0.82 pips after accounting for a 0.2 pip-equivalent commission per trade.
IG also offers active trader rebates for its CFD accounts, with spreads averaging 0.69 pips during the main trading session. These rebates are structured in a three-tier system, offering up to a 20% discount for those trading over £300 million in forex volume per month. Additionally, IG's DMA account provides further opportunities for reduced trading costs, featuring a tiered pricing scale based on the trader's previous month's volume, with spreads as low as 0.62 pips for the EUR/USD pair. Rated 5 stars for its commissions and fees, IG is ranked #8 out of 62 brokers by ForexBrokers.com.
In contrast, detailed spread data for DooPrime isn't available, complicating any direct comparison. However, it receives a lower rating of 3 stars in the commissions and fees category and is ranked #58 by ForexBrokers.com. These rankings highlight IG's more attractive pricing model for cost-conscious traders, making it the preferable choice for those prioritizing lower trading costs.
| Feature |
IG
|
DooPrime
|
|---|---|---|
| Minimum Deposit | £250.00 | $100 |
| Average Spread EUR/USD - Standard | 0.98 | N/A |
| All-in Cost EUR/USD - Active | 0.82 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing IG and DooPrime for their investment range, both brokers excel in offering forex trading as Contracts for Difference (CFDs), giving traders a flexible option. IG impresses with a vast selection, boasting 19,537 tradeable symbols and 97 forex pairs. DooPrime, although offering fewer options, provides 10,000 tradeable symbols and 60 forex pairs, which still covers most investment needs. Both brokers allow direct investment in U.S. and international exchange-traded securities, enabling clients to buy shares from major companies like Apple and Vodafone.
A divergence between the two arises with IG providing cryptocurrency derivatives, while DooPrime does not. Conversely, DooPrime distinguishes itself by offering copy trading, a feature IG lacks. Despite both earning a stellar rating of five stars for their range of investments, IG's broader array is reflected in its higher ranking of fourth place, compared to DooPrime's twelfth, as assessed by ForexBrokers.com among 62 brokers. This indicates IG's broader appeal for diverse investment opportunities, though both platforms cater well to varied investor preferences.
| Feature |
IG
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 19537 | 10000 |
| Forex Pairs (Total) | 97 | 60 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
When comparing IG and DooPrime, both brokers offer simulated trading through free demo accounts, making it easy for new traders to practice without financial risk. Each broker provides a proprietary platform along with a Windows-based desktop download and a web-based trading platform. While both offer the popular MetaTrader 4, only DooPrime extends its platform selection to include MetaTrader 5, providing users with more advanced trading options.
Where IG does not offer copy trading, DooPrime does, appealing to those interested in mirroring the trades of other proven traders. Charting features differ slightly, with IG offering 20 drawing tools compared to DooPrime's 15. However, DooPrime offers more watch list customization with seven columns versus IG's five. Both platforms allow direct trading from stock charts. IG stands out with a five-star rating and a #2 ranking by ForexBrokers.com for its trading platforms and tools, whereas DooPrime holds a four-star rating and ranks #25.
| Feature |
IG
|
DooPrime
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 33 | 30 |
| Charting - Drawing Tools (Total) | 20 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 5 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of IG and DooPrime, both brokers offer solid packages for iPhone and Android users. They provide essential features like stock and forex price alerts and the ability to draw trendlines on charts. Both apps also support viewing charts across multiple time frames and allow users to create watchlists with real-time quotes. However, IG holds a slight edge with the ability to sync watchlists between their mobile app and online account, a feature that DooPrime lacks. For technical analysis enthusiasts, IG offers 33 technical studies, slightly more than DooPrime's 30.
In terms of overall performance, IG's mobile app receives top marks with a 5-star rating, ranking first out of 62 brokers according to ForexBrokers.com. It is praised for its comprehensive suite of features and user-friendly experience. Meanwhile, DooPrime's app earns a respectable 4-star rating, placing it at the 25th position. Although it offers many key features, IG's app seems to provide a more streamlined and integrated experience for active traders who highly value app and account synchronization.
| Feature |
IG
|
DooPrime
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 33 | 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.
Both IG and DooPrime provide traders with daily market commentary and forex news from top-tier sources like Bloomberg and Reuters, ensuring up-to-date information for informed decisions. However, IG stands out with a broader suite of tools for market analysis. It offers research tools from Autochartist and Acuity Trading, and features market insights from TipRanks, which are not available with DooPrime. Additionally, IG provides a sentiment-based trading tool for assessing market trends, whereas DooPrime does not offer this feature. Both brokers include an economic calendar to help track global financial events.
When it comes to technical analysis tools, DooPrime shines with support from Trading Central, offering resources that cater to technical traders. Despite the strengths of both brokers, IG has been rated 5 stars for research and ranked #2 out of 62 brokers by ForexBrokers.com, demonstrating a more comprehensive research offering. In comparison, DooPrime, while reliable, earns 4 stars and holds a #29 ranking, reflecting a slightly narrower scope of research tools and services.
| Feature |
IG
|
DooPrime
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner traders, both IG and DooPrime offer valuable educational resources to kickstart their trading journey. IG is well-regarded for its comprehensive education platform, which features over 10 educational pieces focused on forex and CFDs, including a wide range of articles, videos, and archived webinars. It hosts regular online educational webinars—at least one each month—and provides a searchable archive of these recorded sessions for easy access. Beginners have access to a plethora of educational videos, covering various trading topics, which help to solidify foundational knowledge. Furthermore, IG boasts an extensive investor dictionary that includes definitions for more than 50 investing terms, serving as an additional handy tool for newcomers. These offerings contribute to its impressive 5-star rating for education and its number one ranking with ForexBrokers.com.
DooPrime, while also providing over 10 educational articles and videos centered on forex and CFDs, does not offer monthly webinars or a searchable archive of previously recorded sessions. However, the platform still caters to beginners with at least 10 dedicated educational videos designed to address their specific learning needs. For more advanced traders, DooPrime also offers a suite of advanced videos that delve into more complex topics, mirroring IG's offerings in this regard. Despite the lack of an investor dictionary with a wide array of terms, DooPrime’s educational efforts earn it a respectable 4-star rating, securing the 25th spot in the education rankings by ForexBrokers.com. Both platforms provide solid resources for new traders, but IG stands out for those seeking a more extensive and interactive learning experience.
| Feature |
IG
|
DooPrime
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that IG is better than DooPrime. IG finished with an overall rank of #1, while DooPrime finished with an overall rank of #28.
IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.
| Feature |
IG
|
DooPrime
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 83 |
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IG provides an option to trade cryptocurrency derivatives but does not allow the purchase of actual cryptocurrencies, whereas DooPrime neither offers actual cryptocurrency trading nor derivatives.
Comparing online brokers IG and DooPrime, IG supports ACH and SEPA transfers for deposits and withdrawals while DooPrime does not; both platforms accept PayPal and credit card transactions (Visa/Mastercard), but only DooPrime offers Skrill as an additional option alongside the bank wire capabilities that both brokers share.
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 | IG | DooPrime | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | IG Review |
| Broker Screenshots | IG | DooPrime | |
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| Regulation | IG | DooPrime | |
|---|---|---|---|
| Trust Score | 99 | 83 | |
| Year Founded | 1974 | 2014 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 8 | 4 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | IG | DooPrime | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | IG | DooPrime | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | IG | DooPrime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 19537 | 10000 | |
| Forex Pairs (Total) | 97 | 60 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | IG | DooPrime | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.98 | N/A | |
| All-in Cost EUR/USD - Active | 0.82 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | IG | DooPrime | |
|---|---|---|---|
| Minimum Deposit | £250.00 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | IG | DooPrime | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | IG | DooPrime | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 5 | 7 | |
| Charting - Indicators / Studies (Total) | 33 | 30 | |
| Charting - Drawing Tools (Total) | 20 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IG | DooPrime | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 33 | 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 | IG | DooPrime | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | IG | DooPrime | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | IG | DooPrime | |
|---|---|---|---|
| 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 | IG Review |
| Overall | IG | DooPrime | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | IG Review |
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