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 the commission and fee structures of two prominent brokers, IG and DooPrime, you'll find noticeable differences. IG is well-regarded for its competitive pricing, especially for active traders. Its Forex Direct accounts offer significant advantages, featuring an average spread of 0.62 pips for EUR/USD in July 2023, which results in an all-in cost of 0.82 pips after including a per trade commission. IG also provides a range of execution methods and discounts through its active trader rebate program, offering up to a 20% spread rebate for high-volume traders. In addition, IG’s DMA account offers spreading and pricing tiers that appeal to experienced traders.
In contrast, DooPrime's average spread data isn't openly available, making it less transparent in fee comparisons. This lack of detailed information contributes to its lower performance in industry rankings. Out of 63 brokers, IG stands out, securing the 8th position for commissions and fees according to ForexBrokers.com, while DooPrime struggles behind, ranking at 59th. These rankings reflect the comprehensive and detailed pricing strategy IG provides, unlike DooPrime, which might pose challenges for traders seeking clarity in fee structures.
Overall, IG is equipped with superior trading features, earning a 5-star rating for its commissions and fees, focusing on providing value to high-volume traders through various discounts and rebates. DooPrime, meanwhile, holds a 3-star rating, illustrating a more basic and less detailed approach to commissions, possibly leaving traders who seek transparency and detailed fee breakdowns wanting more from their brokerage experience. IG's commitment to detailed spread data and tiered pricing makes it a compelling choice for traders serious about cost efficiency.
| 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 the range of investments offered by IG and DooPrime, both online brokers provide various opportunities for traders but differ in their offerings. IG boasts an impressive 19,537 tradeable symbols, compared to DooPrime's 10,000, providing users with a broader scope for investment. Forex traders will find IG particularly appealing with its 97 tradeable forex pairs, surpassing DooPrime's 60 pairs. Both brokers enable clients to invest in exchange-traded securities on U.S. and international exchanges, making it possible to buy shares in major companies like Apple and Vodafone. However, IG offers the added benefit of allowing the purchase of actual cryptocurrencies, while DooPrime restricts clients to traditional securities.
DooPrime stands out in its offering of copy trading, a popular feature not available with IG, catering to those who prefer following seasoned traders. While both brokers are rated five stars for their range of investments, IG secures a higher position, ranked 4th out of 63 brokers by ForexBrokers.com, whereas DooPrime ranks 12th. In summary, IG is ideal for those seeking a more extensive selection and access to cryptocurrencies, whereas DooPrime appeals to clients interested in copying successful trading strategies. Both brokers have distinct advantages, which cater to different trading preferences and investment goals.
| 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) | Yes | 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 for their trading platforms and tools, both brokers offer simulated trading with free demo accounts and have developed their own proprietary platforms. They provide the convenience of Windows-based desktop downloads and web-based trading platforms. DooPrime stands out by offering more options with MetaTrader 5 in addition to MetaTrader 4, while IG only supports MT4. However, IG does not cater to those interested in copy trading, whereas DooPrime does provide this feature, offering traders the ability to mimic others' strategies.
For charting tools, IG provides 20 drawing tools, slightly more than DooPrime's 15, and both allow for trading directly from charts. When it comes to customizing watch lists, IG offers five fields, while DooPrime offers seven. Despite these features, IG scores higher with a full five-star rating for trading platforms and tools, and ranks impressively as second among 63 brokers on ForexBrokers.com. In contrast, DooPrime has a four-star rating and is ranked 25th. These factors reflect IG’s slight edge in overall platform excellence according to industry evaluations.
| 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.
Both IG and DooPrime offer comprehensive mobile trading apps available on iPhone and Android devices. Both platforms provide essential features such as stock and forex price alerts along with tools to create real-time quote watchlists. While both apps allow users to draw trendlines and view multiple time frames on charts, IG further distinguishes itself by offering 33 technical studies for charting compared to DooPrime's 30. Furthermore, IG's app includes seamless watchlist symbol syncing with the online account, a feature missing from DooPrime's offering.
In terms of user ratings and industry recognition, IG's mobile trading app is rated a stellar 5 out of 5 stars and is ranked #1 out of 63 brokers by ForexBrokers.com in the Mobile Trading Apps category. On the other hand, DooPrime's app comes with a solid 4-star rating, securing the #25 position. These rankings reflect the seamless experience and advanced features that set IG's app apart, making it a preferred choice for traders looking for a top-tier mobile trading solution.
| 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.
IG and DooPrime both offer daily market commentary and access to top-tier forex news from sources like Bloomberg and Reuters, ensuring traders have a steady stream of market insights. While both brokers provide an economic calendar to help track global news events, their offerings differ significantly in other areas. IG shines by providing tools from Autochartist, market research from TipRanks, and solutions from Acuity Trading, including Signal Centre. On the other hand, DooPrime offers tools from Trading Central, catering to a different set of analysis needs.
In terms of unique offerings, IG includes a sentiment-based trading tool that showcases the market sentiment across currency pairs, which DooPrime does not. The comprehensive suite of research tools earns IG a 5-star rating for research compared to DooPrime's 4 stars. In the ForexBrokers.com's Research category rankings, IG takes the impressive 2nd spot out of 63 brokers, whereas DooPrime ranks at 29th. This reflects IG's superior breadth of research services and tools available to traders.
| 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.
IG and DooPrime are both popular online brokers that cater to traders, but they offer different experiences when it comes to educational resources for beginners. IG provides a comprehensive suite of educational materials, including more than 10 tutorials on forex and CFDs, regular online webinars, and a searchable archive of past webinars. They also offer a wide variety of beginner-friendly videos and detailed articles designed to aid newcomers in understanding the basics of trading. For those seeking a glossary of investment terms, IG has you covered with an expansive dictionary explaining over 50 terms. Rated 5 out of 5 stars for education, IG is recognized as the top broker for educational resources by ForexBrokers.com.
DooPrime also offers educational resources, satisfying the basics with more than 10 educational pieces focused on forex and CFDs. They provide a somewhat wide range of beginner and advanced educational videos similar to IG. However, when it comes to interactivity and continual learning, DooPrime falls short as it does not host monthly webinars or keep an archive of past ones, and it lacks an extensive investor dictionary. DooPrime's education offerings earn it a respectable 4-star rating, placing it 25th among 63 brokers according to ForexBrokers.com. While both brokers support trader education, IG stands out for its richer content and greater variety of learning tools.
| 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 63 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 both the ability to buy actual cryptocurrencies and trade cryptocurrency derivatives, while DooPrime does not offer either option for actual cryptocurrency purchases or derivatives trading.
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) | Yes | 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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