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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 and DooPrime both cater to forex traders, but they differ significantly in their commissions and fees. Interactive Brokers stands out with a 5-star rating for its competitive pricing, especially for active traders. Although average spread data for Q3 2024 was found to be 0.19 pips for EUR/USD, the effective all-in spread is 0.59 pips. Commissions per side start at 0.00002 (0.2 basis points) of the U.S. dollar trade value, with a minimum of $2 per order. For high-volume traders, fees can reduce even further, offering an attractive pricing model. As a result, Interactive Brokers ranks #2 out of 63 brokers in the Commissions and Fees category.

In contrast, DooPrimeโ€™s commission and fee structure is less transparent, lacking available average spread data. Rated 3 stars for commissions and fees, it doesn't offer the same level of cost-effectiveness for forex traders. DooPrime's less favorable ranking of #59 indicates that it may not be the best choice for those looking for cost-efficient trading solutions.

For traders considering their options, Interactive Brokers provides a clear advantage with its competitive pricing and high ranking, while DooPrime trails with less transparency and a lower star rating. These factors make Interactive Brokers a preferred choice for those prioritizing commission and fee efficiency in their trading strategy.

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 0.59 info N/A info
Active Trader or VIP Discounts info Yes No
ACH or SEPA Transfers 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

When it comes to the range of available investments, both Interactive Brokers and DooPrime offer extensive opportunities for traders. Interactive Brokers provides access to a broad spectrum of tradeable symbols, with 8,500 options available, including 90 forex pairs. It supports both CFD and spot forex trading, and clients can purchase exchange-traded securities on U.S. and international exchanges. Notably, Interactive Brokers also allows investors to buy actual (delivered) cryptocurrencies and cryptocurrency derivatives. In contrast, DooPrime steps up with 10,000 tradeable symbols but offers just 60 forex pairs. It similarly supports forex trading via CFDs and spot contracts and allows the purchase of exchange-traded securities from both U.S. and international exchanges. However, DooPrime does not support direct cryptocurrency purchases, nor cryptocurrency derivatives, though it does offer the feature of copy trading, which Interactive Brokers does not.

Both platforms have been rated five stars for their range of investments, highlighting their extensive offerings. Yet, Interactive Brokers stands out in rankings by ForexBrokers.com, securing the top position among 63 brokers in the Range of Investments category, whereas DooPrime is ranked 12th. This distinction indicates that while both brokers offer substantial investment options, Interactive Brokers may provide a slightly broader array of choices, particularly in cryptocurrency trading.

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 and DooPrime both offer traders the option to explore simulated trading through free virtual demo accounts, providing an entry-level experience without financial risk. Both brokers have developed their own in-house platforms and cater to users who prefer a Windows-based desktop experience or a web-based trading environment. While Interactive Brokers doesn't support MetaTrader 4 or MetaTrader 5, DooPrime accommodates both, making it a suitable choice for those who favor these popular trading platforms. Additionally, DooPrime offers copy trading, setting itself apart in this aspect, though neither supports DupliTrade or ZuluTrade.

When it comes to charting capabilities, Interactive Brokers outshines with 85 drawing tools compared to DooPrime's 15, providing more extensive options for technical analysis. Both brokers allow trading directly from stock charts, adding convenience for active traders. When managing watch lists, Interactive Brokers offers significantly more columns, with 659 available fields versus DooPrime's 7, allowing for more detailed customization. As a result, Interactive Brokers earns a higher rating for trading platforms and tools with 5 stars, ranked #3 out of 63 brokers, while DooPrime holds 4 stars and is ranked #25.

Feature Interactive Brokers logoInteractive Brokers
DooPrime logoDooPrime
Virtual Trading (Demo) info Yes Yes
Proprietary 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 info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 155 30
Charting - Drawing Tools (Total) info 85 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 659 7

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 offer strong market research tools, but there are distinct differences worth noting for those considering either platform. Both brokers provide daily market commentary and access to top-tier forex news from renowned sources like Bloomberg and Reuters. While neither broker offers analysis tools from Autochartist, both platforms provide technical analytics via Trading Central. However, Interactive Brokers goes further by providing a sentiment-based trading tool, showing trader positioning across different asset classes, a feature that's missing from DooPrime's offerings.

The difference in research capabilities between the two brokers is further highlighted by Interactive Brokers' inclusion of market insights from TipRanks and Acuity Trading tools like Signal Centre, adding depth to their research suite. DooPrime does not offer these specialized insights. Both brokers include an economic calendar to keep users updated on global news events, but overall ratings reflect the difference in research offerings. Interactive Brokers is rated at 5 stars for research compared to DooPrime's 4 stars, with Interactive Brokers ranked #3 compared to DooPrime's #29 out of 63 brokers in the research category by ForexBrokers.com.

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
Social Sentiment - Currency Pairs info Yes No
TipRanks info Yes No
Signal Centre (Acuity Trading) info Yes No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to educational offerings for beginners, Interactive Brokers distinguishes itself with a comprehensive suite aimed at enhancing traders' skills. They provide more than ten educational resources dedicated to Forex and CFDs, supplemented by monthly online webinars. These sessions are archived and easily accessible for later viewing, ensuring that users can learn at their own pace. Furthermore, Interactive Brokers supports newcomers with beginner-friendly tutorials and a valuable investor dictionary containing over 50 essential investing terms, all of which contribute to their top-tier educational offerings acknowledged by a 5-star rating and a number 3 rank out of 63 brokers.

DooPrime also caters to beginner traders by offering over ten educational resources focused on Forex and CFDs, plus a series of videos aimed at both novice and advanced traders. However, the absence of monthly webinars and a searchable archive of past sessions slightly limits the depth of their educational approach. While DooPrime does not include an extensive investor dictionary, their educational provisions have still earned them a respectable 4-star rating and a rank of 25 in the education category. Though they cover the basics effectively, those looking for a more comprehensive learning experience might find Interactive Brokers to be the more suitable choice.

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

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.




announcementPlease note:

We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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Compare

0 of 5
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
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
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 No
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 No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info Yes No
India (SEBI Authorised) info Yes No
Jordan (JSC Authorised) info No No
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 0.59 info N/A info
Active Trader or VIP Discounts info Yes No
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
ACH or SEPA Transfers info Yes No
Trading Platforms Interactive Brokers DooPrime
Proprietary 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 info No No
ZuluTrade info No No
Trading Tools Interactive Brokers DooPrime
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 659 7
Charting - Indicators / Studies (Total) info 155 30
Charting - Drawing Tools (Total) info 85 15
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 No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education Interactive Brokers DooPrime
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes No
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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