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 |
DooPrime and IronFX differentiate themselves in terms of commissions and fees in the online trading landscape. DooPrime has not made average spread data available, but it has received a 3-star rating for its commission and fee structure. When compared with other brokers, DooPrime ranks at #58 out of 62 according to ForexBrokers.com, suggesting there might be more competitive options in the market for traders who prioritize low fees.
IronFX, on the other hand, is recognized with a 4-star rating in the same category, reflecting a relatively better commission and fee structure. Despite this, it still has room for improvement, especially considering its spreads tend to be higher than the industry average. For its Standard variable spread account, IronFX lists a typical spread of 1.8 pips, although details regarding the time frame are not specified, and spreads can differ across account types. A notable option is their zero fixed-spread account, which offers spreads starting at zero with a commission of $18 per lot, but traders should note spreads can widen to 3 pips overnight. IronFX holds a somewhat better position, ranked #47 out of 62 brokers by ForexBrokers.com.
While IronFX edges out DooPrime in both star rating and rankings concerning commissions and fees, potential investors should carefully evaluate which broker aligns best with their specific trading needs and strategies. This includes considering the types of accounts offered, typical spreads, and any associated commissions that may impact trading costs.
| 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 on their range of investment offerings, DooPrime stands out with an impressive selection. DooPrime offers access to 10,000 tradeable symbols, allowing investors a wide variety of options beyond standard forex trading. With 60 forex pairs available for trading, DooPrime also provides opportunities to invest in exchange-traded securities on both U.S. and international exchanges. This means you can purchase shares in companies like Apple and Vodafone directly. Moreover, DooPrime offers copy trading, though it doesn’t support direct or derivative cryptocurrency purchases.
IronFX, in contrast, provides 340 tradeable symbols, which is significantly less than DooPrime but still sufficient for diverse trading strategies. It excels in offering 83 forex pairs, surpassing DooPrime in this category. However, IronFX does not support exchange-traded securities on U.S. or international exchanges, limiting direct stock purchases. While IronFX offers both CFD and spot forex trading, it is unique in providing cryptocurrency derivatives. Both brokers support copy trading. Overall, DooPrime earns a superior rating of 5 stars for its range of investments compared to IronFX’s 3.5 stars, illustrating DooPrime's broader investment scope as reflected in its higher ranking by ForexBrokers.com.
| 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.
When comparing the trading platforms and tools of DooPrime and IronFX, both brokers offer a plethora of features to cater to traders of all levels. A key similarity is their provision of a virtual demo account, enabling users to practice trading without financial risk. Both brokers also support Windows-based desktop platforms and web-based platforms, ensuring flexibility in device access. Additionally, they both provide copy trading capabilities and the popular MetaTrader 4 (MT4) platform, although DooPrime takes it a step further with the MetaTrader 5 (MT5) platform, which IronFX does not offer. Seven columns for watch lists and the ability to execute trades directly from stock charts are offered by both, alongside 15 drawing tools for charting.
DooPrime distinguishes itself by offering a proprietary platform developed in-house, an offering not available with IronFX. Regarding ratings, DooPrime stands out with a rating of 4 stars, surpassing IronFX's 3.5-star rating in Trading Platforms and Tools. In terms of rankings from ForexBrokers.com, DooPrime is positioned at #25 out of 62 brokers, whereas IronFX ranks significantly lower at #60. These differences highlight DooPrime's slight edge in providing a more comprehensive and user-friendly trading experience compared to IronFX.
| 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.
Both DooPrime and IronFX offer iPhone and Android apps, ensuring users can trade on-the-go. Their mobile apps support essential features like stock and forex price alerts and the ability to draw trendlines on charts. Additionally, both apps allow users to view multiple time frames on a chart and provide functionality for creating watchlists with real-time quotes. Users can access 30 technical studies for charting on each app. However, one downside for both is the lack of watchlist symbol syncing, meaning any changes in watchlists on the app don't reflect in the user’s online account and vice versa.
When it comes to usability and additional features, DooPrime slightly edges out IronFX. Both mobile apps save chart drawings automatically, which is a boon for those keen on technical analysis. However, when it comes to ratings, DooPrime garners a solid 4-star rating while IronFX earns 3.5 stars. This difference in user satisfaction is mirrored in their rankings by ForexBrokers.com; DooPrime holds a commendable 25th place out of 62 brokers, while IronFX trails at 61st place. Overall, while both platforms offer similar features, DooPrime seems to offer a slightly enhanced mobile trading experience.
| 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 the market research offerings of online brokers DooPrime and IronFX, both provide daily market commentary and deliver forex news from top-tier sources such as Bloomberg and Reuters, ensuring that traders stay informed with trustworthy information. Additionally, each broker includes technical analysis tools from Trading Central, enhancing traders' abilities to make well-informed decisions. However, neither broker utilizes tools from Autochartist or provides sentiment-based trading tools that display position ratios across instruments, nor do they offer market research from TipRanks or tools from Acuity Trading.
For traders interested in tracking global economic happenings, both DooPrime and IronFX offer comprehensive economic calendars. In terms of research ratings, both brokers receive a solid four out of five stars, demonstrating their commitment to quality research offerings. Among 62 brokers evaluated by ForexBrokers.com, DooPrime holds a research ranking of 29th, while IronFX is just ahead at 28th, reflecting similar competitive standings in the industry.
| 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 the educational resources offered to beginners by DooPrime and IronFX, both online brokers provide a solid foundation with at least 10 educational pieces such as articles and videos focusing on forex and CFDs. However, neither broker hosts regular monthly webinars for clients. Despite this, IronFX does give users access to a searchable archive of past webinars, a useful tool for those who prefer learning on their own schedule.
For video learning, both DooPrime and IronFX meet the needs of beginners by offering at least 10 beginner-level videos. DooPrime stands out by also providing advanced videos for experienced traders, an area where IronFX falls short. IronFX compensates somewhat by having an investor dictionary, featuring over 50 investing terms, a resource DooPrime does not offer. With both earning a four-star rating in education, DooPrime edges ahead in ForexBrokers.com's education rankings, placing 25th compared to IronFX's 44th position out of 62 brokers.
| 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 62 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
|
|---|---|---|
| Overall Rating |
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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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| Mobile Trading Gallery (click to expand) | |||
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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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