Written by ForexBrokers.com
In this head to head comparison of DooPrime vs IronFX, 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.
Founded in 2014, DooPrime, and founded in 2010, IronFX are both prominent figures in the online brokerage landscape. Neither of them is a publicly traded company or operates as a bank. In terms of their regulatory standing, DooPrime holds four Tier-1 licenses, while IronFX holds three. These licenses are regarded as highly trusted, offering a measure of credibility and security similar to what ForexBrokers.com identifies for brokers with Trust Scores ranging from 90 to 99.
However, both DooPrime and IronFX share a Trust Score of 83 out of 99, as evaluated by ForexBrokers.com. This rating places them within the "trusted" category, as indicated by scores between 80 and 89. Neither broker currently holds any Tier-2 licenses, which would further solidify their regulatory positions. This balance of regulatory licenses and Trust Score helps potential clients gauge the reliability of both brokers in facilitating online trading activities.
| Feature |
DooPrime
|
IronFX
|
|---|---|---|
| Year Founded | 2014 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 3 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When comparing the commissions and fees of DooPrime and IronFX, each has its distinctive features. DooPrime is rated 3 out of 5 stars for commissions and fees, but information about its average spread is currently not available. This might pose a challenge for potential investors who prioritize transparent pricing details. Despite the lack of spread information, understanding other fees associated with DooPrime could help in evaluating its overall cost-effectiveness.
IronFX, on the other hand, is rated slightly higher at 4 out of 5 stars for its commissions and fees. However, this broker exhibits room for improvement in its pricing since spreads are reportedly higher than the industry average. For example, their Standard variable spread account notes a typical spread of 1.8 pips with no specified date range, and variations can occur across different account types. In contrast, the zero fixed-spread account starts with zero but carries an $18 per lot commission, and spreads may widen to 3 pips overnight.
In the ForexBrokers.com rankings, DooPrime is positioned at #59 out of 63 brokers for its commissions and fees, indicating potential areas for enhancement. Meanwhile, IronFX ranks more favorably at #46 in the same category, suggesting relatively better fee structures in comparison. Whether you're drawn to DooPrime's or IronFX’s offerings, understanding their respective strengths in cost is crucial for picking the right fit for your trading needs.
| Feature |
DooPrime
|
IronFX
|
|---|---|---|
| Minimum Deposit | $100 | $50 |
| Average Spread EUR/USD - Standard | N/A | 1.2 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| 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 comparing DooPrime and IronFX, it's clear that both online brokers offer a versatile range of investment options, but their offerings have distinct differences. For forex enthusiasts, DooPrime provides trading through CFDs or spot contracts with 60 tradeable forex pairs, while IronFX offers a slightly larger selection of 83 forex pairs. However, DooPrime stands out with an impressive total of 10,000 tradeable symbols compared to IronFX's 340. In terms of stock trading, DooPrime allows clients to buy exchange-traded securities on both U.S. and international exchanges, enabling direct investments in companies like Apple and Vodafone. IronFX, however, does not provide access to exchange-traded securities on these exchanges.
For those interested in copy trading features, both brokers have made this option available. When it comes to cryptocurrency, neither broker supports the purchase of actual cryptocurrencies, but IronFX permits trading in cryptocurrency derivatives, unlike DooPrime. With these factors considered, DooPrime receives a commendable 5-star rating for its range of investments, being ranked 12th out of 63 brokers by ForexBrokers.com. Conversely, IronFX earns a 3.5-star rating and ranks 51st, illustrating DooPrime's broader spectrum of investment opportunities.
| Feature |
DooPrime
|
IronFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 340 |
| Forex Pairs (Total) | 60 | 83 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| 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.
DooPrime and IronFX both offer a comprehensive range of trading platforms and tools, catering to the varied needs of traders. Both brokers provide virtual demo accounts, allowing users to practice trading without financial risk. When it comes to trading platforms, DooPrime takes the lead with its proprietary platform developed in-house, whereas IronFX does not offer this feature. Both brokers offer Windows-based desktop download platforms and web-based trading, alongside the widely popular MetaTrader 4 (MT4). However, DooPrime has an edge with the availability of MetaTrader 5 (MT5), which IronFX lacks. Both platforms also support copy trading and offer 15 drawing tools for charting, while allowing trades directly from stock charts. Watch list functionality is quite similar, with both providing 7 columns for customization.
In terms of user ratings and expert rankings, DooPrime outshines IronFX with a 4-star rating for its trading platforms and tools, compared to IronFX’s 3.5-star rating. Moreover, when evaluated by ForexBrokers.com, DooPrime impressively stands at #25 out of 63 brokers for its trading platforms, significantly ahead of IronFX, which is ranked at #61. For traders seeking a well-rounded and high-performing trading experience, DooPrime offers a slight advantage, especially for those who value a proprietary platform and the advanced features found in MetaTrader 5.
| Feature |
DooPrime
|
IronFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading, both DooPrime and IronFX shine by offering apps for iPhone and Android users, ensuring accessibility across devices. Each platform provides essential features like stock and forex price alerts, the ability to draw trendlines, and the capability to view multiple time frames on charts. Both DooPrime and IronFX incorporate 30 technical studies in their charting tools and allow users to create watchlists with real-time quotes. Although neither broker offers the convenience of watchlist symbol syncing with online accounts, they do auto-save your chart drawings, making it easy to resume your analysis seamlessly.
Despite their similar offerings, there are notable differences in user experience and satisfaction. DooPrime edges out IronFX with a 4-star rating for its mobile app, compared to IronFX's 3.5-star score. Furthermore, DooPrime ranks significantly higher in the Mobile Trading Apps category on ForexBrokers.com, sitting at #25 out of 63 brokers, while IronFX trails at #62. Whether you're charting trends or setting up alerts, both apps provide solid tools to manage your trades on the go, though DooPrime seems to offer a slightly more polished experience overall.
| Feature |
DooPrime
|
IronFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 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.
When comparing market research offerings between DooPrime and IronFX, both brokers provide daily market commentary and reliable forex news from prestigious sources such as Bloomberg and Reuters. Both firms also feature technical and fundamental analysis tools from Trading Central, providing users with valuable insights for informed trading decisions. However, neither DooPrime nor IronFX offers tools from Autochartist or sentiment-based trading tools to help visualize long or short positions across different instruments. Additionally, research tools from TipRanks and Acuity Trading are absent from the services of both brokers. Users looking for a comprehensive view of global events will find economic calendars available at both platforms.
In terms of research ratings and rankings, DooPrime and IronFX both received a favorable score of 4 out of 5 stars for their market research provisions. Despite this equal rating, IronFX marginally outperforms DooPrime, securing the 28th spot in ForexBrokers.com's research category ranking, just one place above DooPrime, which holds the 29th position out of a total of 63 brokers. This subtle difference highlights IronFX's slight leadership in the realm of research offerings, while both brokers remain strong options for traders requiring solid research tools and commentary.
| Feature |
DooPrime
|
IronFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing DooPrime and IronFX for their educational materials geared towards beginners, both platforms offer a solid foundation with a variety of resources. DooPrime and IronFX each provide more than ten educational pieces that dive into the world of forex and CFDs. These resources include articles, videos, and more, making it easier for beginners to understand trading fundamentals. Additionally, they both feature over ten beginner videos, helping new traders get acquainted with essential trading concepts. However, if you're seeking advanced educational content, DooPrime distinguishes itself by offering more in-depth videos for experienced traders.
Regarding additional educational features, IronFX has some advantages. While neither broker offers live educational webinars each month, IronFX maintains a searchable archive of past webinars, which DooPrime lacks. Moreover, IronFX provides an investor dictionary with over 50 investing terms, a resource not available at DooPrime. In terms of overall educational ranking, DooPrime is positioned 25th by ForexBrokers.com, while IronFX comes in at 44th. Despite these differences, both brokers receive a commendable four-star rating for their educational offerings, catering effectively to the learning needs of beginner traders.
| Feature |
DooPrime
|
IronFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
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 IronFX. DooPrime finished with an overall rank of #28, while IronFX finished with an overall rank of #48.
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
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IronFX
|
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| Trust Score | 83 | 83 |
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While both DooPrime and IronFX do not offer the ability to buy actual delivered cryptocurrency, IronFX provides the option to trade cryptocurrency derivatives, whereas DooPrime does not.
When comparing the online brokers DooPrime and IronFX, it's important to note that while both lack ACH or SEPA transfer options for deposits or withdrawals, DooPrime stands out by supporting PayPal transactions—unlike IronFX—and both platforms allow the use of Skrill, Visa, Mastercard, and bank wires 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 | IronFX | |
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| Trust Score | 83 | 83 | |
| Winner | check_circle | ||
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| Broker Screenshots | DooPrime | IronFX | |
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| Regulation | DooPrime | IronFX | |
|---|---|---|---|
| Trust Score | 83 | 83 | |
| Year Founded | 2014 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 4 | 3 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | IronFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| 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 | IronFX | |
|---|---|---|---|
| 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 | IronFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 340 | |
| Forex Pairs (Total) | 60 | 83 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| 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 | IronFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | IronFX | |
|---|---|---|---|
| Minimum Deposit | $100 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| 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 | IronFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | DooPrime | IronFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | DooPrime | IronFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 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 | DooPrime | IronFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | IronFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | DooPrime | IronFX | |
|---|---|---|---|
| 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 | IronFX | |
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| Trust Score | 83 | 83 | |
| Winner | check_circle | ||
| Review |
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