Written by ForexBrokers.com
In this head to head comparison of DooPrime vs Libertex (Forex Club), 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.
In the realm of online trading, DooPrime and Libertex (Forex Club) are two notable brokers with a strong regulatory presence. Founded in 2014, DooPrime swiftly established itself with a total of four Tier-1 licenses, signifying its highly trusted status in the industry. Despite not being publicly traded or a bank, DooPrime has earned a Trust Score of 83 out of 99 from ForexBrokers.com, placing it in the “trusted” category and reflecting a commitment to providing secure and reliable trading services.
On the other hand, founded in 1997, Libertex (Forex Club) has a longer history in the sector. It holds one Tier-1 license, indicating a reliable level of trust, though it has a slightly lower ForexBrokers.com Trust Score of 73. Like DooPrime, Libertex is neither publicly traded nor a bank, which indicates its focus remains solely on its forex trading services. With these credentials, traders can weigh their options based on the longevity and regulatory trust these brokers bring to the financial marketplace.
| Feature |
DooPrime
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2014 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 0 |
When comparing the online brokers DooPrime and Libertex (Forex Club) in terms of commissions and fees, both platforms present distinct features for traders to consider. DooPrime receives a modest three-star rating in commissions and fees, placing it 59th out of 63 brokers according to ForexBrokers.com. Although the average spread data isn't available for DooPrime, traders may want to explore further due to its competitive positioning.
On the other hand, Libertex (Forex Club), like DooPrime, is also rated three stars for commissions and fees. However, it is ranked slightly lower, coming in at 62nd among the same 63 brokers. With no available average spread data to examine, prospective users might want to weigh these factors when deciding whether Libertex (Forex Club) aligns with their trading priorities.
Both brokers share the same star rating, making them potential options for traders seeking equivalently rated platforms. However, DooPrime's slightly higher ranking might make it a more appealing choice for those deciding purely on commission and fee structures. Ultimately, your choice would depend on additional personal preferences and trading requirements once you look deeper into each broker's features beyond just their commissions and fees.
| Feature |
DooPrime
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $100 | $10 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing DooPrime to Libertex (Forex Club) in terms of investment variety, DooPrime clearly provides a broader range. While both brokers offer forex trading through CFDs or spot contracts, DooPrime stands out with an impressive 10,000 tradeable symbols compared to Libertex’s 300. If you're specifically interested in forex pairs, DooPrime offers 60 pairs, slightly ahead of Libertex’s 51 offerings. This greater selection is further complemented by DooPrime's access to exchange-traded securities on both U.S. and international markets, allowing clients to invest directly in companies like Apple and Vodafone. In contrast, Libertex does not provide this opportunity.
Both DooPrime and Libertex offer copy trading to their users, catering to those seeking simplified trading experiences by mirroring strategies from successful traders. However, when it comes to cryptocurrencies, they differ; while neither broker allows users to purchase actual cryptocurrencies, DooPrime does not offer any cryptocurrency derivatives, whereas Libertex does. Reflecting their diverse offerings, DooPrime earns a 5-star rating and ranks 12th in the range of investments according to ForexBrokers.com, outperforming Libertex, which has a 3.5-star rating and ranks 53rd among 63 brokers reviewed.
| Feature |
DooPrime
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 300 |
| Forex Pairs (Total) | 60 | 51 |
| 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 offered by DooPrime and Libertex (Forex Club), both brokers provide opportunities for beginner traders to practice with free virtual demo accounts. Both companies boast proprietary platforms as well as Windows-based desktop downloads and web-based versions, ensuring flexibility for users who prefer different interfaces. Additionally, both brokers support the popular MetaTrader 4 platform; however, DooPrime extends an extra edge by also offering MetaTrader 5, which Libertex does not. Both brokers allow for trading directly from stock charts and support copy trading, which can be a great advantage for those interested in mirroring the strategies of more experienced traders.
In terms of charting features, DooPrime offers 15 drawing tools while Libertex provides double that with 30. Both brokers match in offering seven fields for watch lists, supporting customization for monitoring market movements closely. Despite offering similar trading functionalities and platforms, DooPrime edges out in rankings, placed #25 out of 63 brokers on ForexBrokers.com for its trading platforms and tools, while Libertex stands at #50. They both receive a four-star rating in this category, suggesting that while they offer solid services, DooPrime maintains a slightly higher industry standing.
| Feature |
DooPrime
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| 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 | 15 |
| Charting - Drawing Tools (Total) | 15 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both DooPrime and Libertex (Forex Club) offer comprehensive mobile trading apps available for iPhone and Android users. These apps support key features like stock or forex price alerts, the ability to create watchlists with real-time quotes, and options for viewing charts across various time frames, including daily, weekly, and intraday. Each platform also includes charting capabilities with 30 technical studies and the option to draw trendlines. However, a significant difference lies in syncing capabilities. Libertex supports watchlist symbol syncing, letting users maintain consistent watchlists across devices, a feature DooPrime lacks. Conversely, DooPrime’s app automatically saves chart drawings, which is an advantage over Libertex, where this feature isn't available.
In overall ratings, both trading platforms are well-regarded, each receiving a solid 4-star rating for their mobile trading apps. However, DooPrime holds a better position compared to Libertex in the Mobile Trading Apps category by ForexBrokers.com, ranking at #25 out of 63 brokers, whereas Libertex stands at #49. This ranking suggests a stronger market standing for DooPrime in terms of mobile trading app offerings, highlighting their popularity and user satisfaction relative to Libertex.
| Feature |
DooPrime
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the online brokers DooPrime and Libertex (Forex Club) for market research offerings, a few key differences stand out. DooPrime provides daily market commentary, which is a valuable resource for traders seeking timely insights. In contrast, Libertex does not offer this feature. Both brokers deliver forex news from top-tier sources like Bloomberg and Reuters, ensuring reliable information for traders. Moreover, while DooPrime has integrated tools from Trading Central for technical analysis, Libertex does not offer these features, which could affect traders seeking in-depth market analysis. Neither broker provides technical tools from Autochartist or sentiment-based trading tools, and both also lack resources from Acuity Trading and market research from TipRanks.
Both brokers provide an economic calendar, which is essential for keeping up-to-date with global financial events. However, the overall research ratings and rankings highlight a disparity in their offerings; DooPrime earns a 4-star rating and ranks 29th out of 63 brokers for research according to ForexBrokers.com. On the other hand, Libertex receives a slightly lower 3-star rating, ranking 61st in the same list. This difference signifies that traders looking for thorough research tools and resources may find DooPrime to be the more favorable choice over Libertex.
| Feature |
DooPrime
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| 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 by DooPrime and Libertex (Forex Club) for beginners interested in forex or CFDs, both platforms provide at least 10 educational pieces, such as articles and videos, aimed at helping new traders. However, DooPrime takes a lead in offering resources specifically crafted for beginners with a series of over 10 basic educational videos. In contrast, while Libertex focuses its educational efforts on more advanced traders with at least 10 videos dedicated to experienced users, it lacks the same level of beginner-focused content. Neither broker offers monthly webinars or archives of past webinars for further learning.
In terms of overall educational quality, DooPrime is awarded four stars, while Libertex follows closely with a three-star rating. This educational advantage is reflected in their rankings, with DooPrime securing the 25th position out of 63 brokers in the education category according to ForexBrokers.com, whereas Libertex sits at 57th. Despite the strengths in advanced educational material from both, DooPrime’s superior offerings for newcomers give it an edge in this comparison. Neither broker provides an investor dictionary for term definitions, which might be a consideration for traders seeking comprehensive terminology guides.
| Feature |
DooPrime
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | No | No |
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 Libertex (Forex Club). DooPrime finished with an overall rank of #28, while Libertex (Forex Club) finished with an overall rank of #61.
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
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 73 |
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While both DooPrime and Libertex (Forex Club) do not allow the purchase of actual delivered cryptocurrencies, Libertex distinguishes itself by offering the ability to buy cryptocurrency derivatives, whereas DooPrime does not provide this option.
Both DooPrime and Libertex (Forex Club) provide options for PayPal, Skrill, and bank wire transfers for depositing or withdrawing account funds, with DooPrime additionally supporting Visa and Mastercard while lacking ACH or SEPA transfers, whereas Libertex (Forex Club) supports ACH and SEPA transfers but does not support Visa or Mastercard.
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 | Libertex (Forex Club) | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
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| Broker Screenshots | DooPrime | Libertex (Forex Club) | |
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| Regulation | DooPrime | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 83 | 73 | |
| Year Founded | 2014 | 1997 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 0 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | Libertex (Forex Club) | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| 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 | No | |
| 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 | Libertex (Forex Club) | |
|---|---|---|---|
| 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 | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 300 | |
| Forex Pairs (Total) | 60 | 51 | |
| 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 | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| 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 | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $100 | $10 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | DooPrime | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| 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 | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 15 | |
| Charting - Drawing Tools (Total) | 15 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | DooPrime | Libertex (Forex Club) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | DooPrime | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | DooPrime | Libertex (Forex Club) | |
|---|---|---|---|
| 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 |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
| Review |
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