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Interactive Brokers vs DooPrime 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of Interactive Brokers vs DooPrime, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

Interactive Brokers
5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 99
  • Tradeable Symbols (Total): 8500
DooPrime
4/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 83
  • Tradeable Symbols (Total): 10000

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.

Regulation

Interactive Brokers, established in 1977, stands out with a top-tier Trust Score of 99, making it one of the most reliable online brokers according to ForexBrokers.com. It is publicly traded, fully transparent, and holds an impressive nine Tier-1 licenses, signifying its standing as a highly trusted entity in the financial world. Moreover, Interactive Brokers is equipped with two Tier-2 licenses, further supporting its reputation as a trusted platform for investors worldwide.

In contrast, DooPrime, founded in 2014, offers a respectable alternative with a Trust Score of 83, indicating a trusted status. While not publicly traded, DooPrime maintains its credibility with four Tier-1 licenses, setting a solid foundation for investors. However, it does not hold any Tier-2 licenses, marking a difference in regulatory reach compared to Interactive Brokers. Neither broker functions as a bank, but both provide robust platforms for online trading.

Feature Interactive Brokers logoInteractive Brokers
DooPrime logoDooPrime
Year Founded info 1977 2014
Publicly Traded (Listed) info Yes No
Bank info No No
Tier-1 Licenses info 9 4
Tier-2 Licenses info 2 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 3

Fees

Interactive Brokers (IBKR) is a standout for low trading costs, earning 5 out of 5 stars and ranking #2 of 63 brokers for Commissions and Fees. DooPrime holds 3 out of 5 stars and ranks #60 of 63. While DooPrime doesn’t publish average spread data and IBKR doesn’t post its own either, third‑party measurements in Q3 2024 showed IBKR’s EUR/USD average spread near 0.19 pips, with an effective all‑in cost around 0.59 pips once commissions are included.

IBKR charges a commission instead of marking up spreads, aggregating prices from 17 major interbank dealers (agency execution). Forex commissions start at 0.00002 (0.2 basis points) of the U.S. dollar trade value per side with a $2 minimum per order ($4 round turn) and can fall to 0.08 basis points for very high volumes. This aligns with $16–$40 per million round turn ($8–$20 per side). IBKR accounts aren’t commission‑free for forex, but the pricing is designed to be competitive, especially on liquid pairs like EUR/USD.

As a guide, buying then selling $100,000 of EUR/USD at IBKR works out to roughly 0.40 pips in commission on top of the spread. Note the $2 minimum per side makes smaller trades proportionally pricier. High‑volume traders get discounts: the minimum drops to $1.50 per order above $1 billion in monthly forex volume and to $1.00 above $5 billion; large orders can be handled via RFQ. For DooPrime, the lack of published average spreads makes exact all‑in cost comparisons difficult, so checking live quotes or a demo is wise. Ratings recap: Interactive Brokers — 5/5 stars, ranked #2/63; DooPrime — 3/5 stars, ranked #60/63.

Feature Interactive Brokers logoInteractive Brokers
DooPrime logoDooPrime
Minimum Deposit info $0 $100
Average Spread EUR/USD - Standard info 0.59 info N/A info
All-in Cost EUR/USD - Active info 0.65 info N/A info
Active Trader or VIP Discounts [DELETED] info
Non-wire bank transfer info Yes No
PayPal (Deposit/Withdraw) info No Yes
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

Interactive Brokers vs DooPrime: both brokers offer wide product menus that include forex (as CFDs or spot) and access to exchange-traded stocks on U.S. and international markets. DooPrime lists about 10,000 tradeable symbols, edging out Interactive Brokers at roughly 8,500. For currency traders, Interactive Brokers carries more depth with 90 tradeable forex pairs compared to DooPrime’s 60.

Key differences stand out in crypto and social features. Interactive Brokers lets you buy actual cryptocurrency and trade crypto derivatives, while DooPrime does not offer either. On the flip side, DooPrime supports copy trading; Interactive Brokers does not. Both earn 5 stars for Range of Investments, yet Interactive Brokers is ranked #1 out of 63 brokers for this category, while DooPrime holds the #13 spot—making IBKR a strong pick for forex pair variety and crypto access, and DooPrime appealing if you value copy trading and a slightly larger overall symbol list.

Feature Interactive Brokers logoInteractive Brokers
DooPrime logoDooPrime
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 8500 10000
Forex Pairs (Total) info 90 60
U.S. Stock Trading (Non CFD) info Yes Yes
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info No Yes
Cryptocurrency (Physical) info Yes No
Cryptocurrency (Derivative) info 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.

Trading platforms and tools

Interactive Brokers vs. DooPrime: both brokers offer free paper trading (demo accounts), proprietary platforms, a Windows desktop platform, and a web-based platform. With either broker, you can place trades directly from charts. While both include charting and watchlists, the exact counts for indicators, drawing tools, and watchlist columns weren’t provided.

The biggest differences are in copy trading and MetaTrader support. DooPrime offers copy trading and supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which can appeal to forex and social traders. Interactive Brokers does not support copy trading or MetaTrader, but its platform suite earns higher marks overall: 5 stars and ranked #3 out of 63 for Trading Platforms and Tools, compared with DooPrime’s 4 stars and #25. If you want MT4/MT5 or copy trading, DooPrime is attractive; if you want a higher-rated in-house platform across web and desktop with paper trading, Interactive Brokers is the stronger pick.

Feature Interactive Brokers logoInteractive Brokers
DooPrime logoDooPrime
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info No Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
DupliTrade [DELETED] info
ZuluTrade [DELETED] info
Charting - Indicators / Studies (Total) info 155 30
Charting - Drawing Tools (Total) [DELETED] info
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields [DELETED] info

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

When it comes to mobile trading apps, both Interactive Brokers and DooPrime offer apps for iPhone and Android users, keeping accessibility high for traders on the go. Both apps allow users to set stock and forex price alerts, ensuring you never miss a significant market move. Interactive Brokers stands out with its extensive range of 97 technical studies available for charting, compared to 30 offered by DooPrime. While both platforms allow drawing trendlines and viewing multiple time frames on charts, only DooPrime's app automatically saves your drawings, adding extra convenience for users focusing on chart analysis.

Interactive Brokers provides a seamless experience by syncing watchlist symbols between the mobile app and the online account, a feature that DooPrime lacks. Nevertheless, both platforms enable creating watchlists with real-time quotes, crucial for active traders. Overall, Interactive Brokers has a higher user satisfaction with a 5-star rating for its mobile trading app, compared to DooPrime's 4 stars. This higher satisfaction is reflected in Interactive Brokers' ranking as the 4th best among 63 brokers in the Mobile Trading Apps category by ForexBrokers.com, while DooPrime ranks at 25th.

Feature Interactive Brokers logoInteractive Brokers
DooPrime logoDooPrime
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 97 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

Interactive Brokers and DooPrime both deliver daily market commentary and forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones. Each provides Trading Central research and an economic calendar; neither includes Autochartist tools.

The differences matter for active traders: Interactive Brokers adds a sentiment tool that shows the ratio of long vs. short positions across instruments, plus research from TipRanks and tools from Acuity Trading (e.g., Signal Centre). DooPrime does not offer a sentiment tool, and its support for TipRanks or Acuity Trading isn’t specified. Reflecting this, Interactive Brokers earns 5 out of 5 stars for Research and ranks #3 out of 63 brokers at ForexBrokers.com, while DooPrime scores 4 out of 5 stars and ranks #30. If you want deeper sentiment and third-party insights, Interactive Brokers is the stronger pick; for core news, calendars, and Trading Central, DooPrime covers the essentials.

Feature Interactive Brokers logoInteractive Brokers
DooPrime logoDooPrime
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes Yes
Client sentiment data info Yes No
TipRanks info Yes
Signal Centre (Acuity Trading) info Yes
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

Comparing education for beginners, Interactive Brokers stands out with a 5-star education rating and a #3 rank out of 63 brokers, while DooPrime earns 4 stars and ranks #25. Both brokers provide at least 10 beginner-friendly videos, plus 10+ advanced videos for when you’re ready to level up. Interactive Brokers also runs client webinars at least once a month, which can be great for real-time learning and Q&A; DooPrime does not offer monthly webinars. It isn’t specified whether either broker maintains a searchable archive of recorded webinars, provides an investor dictionary with 50+ terms, or offers a dedicated library of 10+ forex/CFD-specific lessons.

If live learning and highly rated education are priorities, Interactive Brokers is likely the stronger pick for beginners. If you mainly want a video-based path to get started, DooPrime still offers plenty of materials, just without the ongoing webinar schedule. Either way, you can start with beginner videos and move into advanced topics as your skills grow.

Feature Interactive Brokers logoInteractive Brokers
DooPrime logoDooPrime
Education (Forex or CFDs) info
Webinars info Yes No
Client Webinars (Archived) [DELETED] info
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) [DELETED] info

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that Interactive Brokers is better than DooPrime. Interactive Brokers finished with an overall rank of #2, while DooPrime finished with an overall rank of #28.

Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite.

Feature Interactive Brokers logoInteractive Brokers
DooPrime logoDooPrime
Overall Rating info 5/5 Stars 4/5 Stars
Trust Score info 99 83
Range of Investments 5/5 Stars 5/5 Stars
Commissions & Fees 5/5 Stars 3/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Education 5/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with Interactive Brokers or DooPrime?

Interactive Brokers provides options for buying both actual delivered cryptocurrency and cryptocurrency derivatives, whereas DooPrime does not offer the ability to purchase either actual cryptocurrencies or cryptocurrency derivatives.

What funding options does each broker offer?

Interactive Brokers supports ACH/SEPA transfers and bank wires, while DooPrime offers more diverse payment options including PayPal, Skrill, Visa/Mastercard, and also supports bank wire transfers for depositing or withdrawing funds.

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Overall Rating Interactive Brokers DooPrime
Overall Rating info 5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 3/5 Stars
Range of Investments 5/5 Stars 5/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Education 5/5 Stars 4/5 Stars
Trust Score info 99 83
Winner check_circle
Review Interactive Brokers Review
Broker Screenshots Interactive Brokers DooPrime
Broker Gallery (click to expand) info
IBKR mobile watchlist. IBKR Desktop platform charts. Interactive Brokers research Traders Insight daily analysis article detail Interactive Brokers IBKR Podcast video.
Regulation Interactive Brokers DooPrime
Trust Score info 99 83
Year Founded info 1977 2014
Publicly Traded (Listed) info Yes No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 9 4
Tier-2 Licenses info 2 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 3
Tier-1 Licenses (Highly Trusted) Interactive Brokers DooPrime
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info Yes Yes
Japan (SFC Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info Yes
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info Yes No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses (Trusted) Interactive Brokers DooPrime
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA, FSRA, or SCA Authorised) info Yes No
India (SEBI Authorised) info Yes No
Jordan (JSC Authorised) info
Investments Interactive Brokers DooPrime
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 8500 10000
Forex Pairs (Total) info 90 60
U.S. Stock Trading (Non CFD) info Yes Yes
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info No Yes
Cryptocurrency (Physical) info Yes No
Cryptocurrency (Derivative) info 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 Interactive Brokers DooPrime
Average Spread EUR/USD - Standard info 0.59 info N/A info
All-in Cost EUR/USD - Active info 0.65 info N/A info
Active Trader or VIP Discounts [DELETED] info
Inactivity Fee info No No
Execution: Agency Broker info Yes Yes
Execution: Market Maker info No Yes
Funding Interactive Brokers DooPrime
Minimum Deposit info $0 $100
PayPal (Deposit/Withdraw) info No Yes
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info Yes No
Trading Platforms Interactive Brokers DooPrime
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info No Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No No
DupliTrade [DELETED] info
ZuluTrade [DELETED] info
Trading Tools Interactive Brokers DooPrime
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields [DELETED] info
Charting - Indicators / Studies (Total) info 155 30
Charting - Drawing Tools (Total) [DELETED] info
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading Interactive Brokers DooPrime
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 97 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No Yes
Mobile Economic Calendar info Yes Yes
Research Interactive Brokers DooPrime
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes Yes
TipRanks info Yes
Client sentiment data info Yes No
Economic Calendar info Yes Yes
Education Interactive Brokers DooPrime
Education (Forex or CFDs) info
Webinars info Yes No
Client Webinars (Archived) [DELETED] info
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) [DELETED] info
Major Forex Pairs Interactive Brokers DooPrime
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review Interactive Brokers Review
Overall Interactive Brokers DooPrime
Overall Rating info 5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 3/5 Stars
Range of Investments 5/5 Stars 5/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Education 5/5 Stars 4/5 Stars
Trust Score info 99 83
Winner check_circle
Review Interactive Brokers Review
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