Written by ForexBrokers.com
In this head to head comparison of OANDA vs DooPrime, 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.
OANDA and DooPrime, both established online brokers, exhibit different levels of trustworthiness as per ForexBrokers.com ratings. Founded in 1996, OANDA holds a notable Trust Score of 93 out of 99, indicating a high level of trust. This is supported by its possession of seven Tier-1 licenses, the most prestigious type of regulatory approval. On the other hand, DooPrime, established in 2014, has a Trust Score of 83, reflecting a solid level of trust but slightly lower than that of OANDA. DooPrime holds four Tier-1 licenses, which still indicate strong regulatory compliance, yet not as extensive as OANDA's.
Neither OANDA nor DooPrime are publicly traded entities, nor are they banks, keeping their structures more straightforward for potential investors. However, their reliability in terms of regulatory approval underlines their commitment to compliance and security for customers. With both brokerages sharing no Tier-2 licenses, prospective clients might view the breadth of Tier-1 licenses as a key differentiator. OANDA's longer market presence and higher Trust Score might appeal to those prioritizing an extensive regulatory framework, while DooPrime presents a robust trusted option with solid credentials.
| Feature |
OANDA
|
DooPrime
|
|---|---|---|
| Year Founded | 1996 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 4 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
When comparing the commissions and fees for online brokers OANDA and DooPrime, it's clear that each has distinct characteristics suited for different types of traders. OANDA is noted for having higher forex trading costs, marked by substantial effective spreads across its default and core pricing structures. This broker does not position itself as a discount service, but its main strength lies in the automated execution it offers to clients. While OANDA's bid/ask spreads on forex are comparable to those of brokers like FOREX.com and FxPro, its minimum spread cost tends to be slightly higher. For instance, in July 2024, the average spread on the EUR/USD pair was 1.61 pips in non-core pricing. OANDA shines with its core pricing, which offers lower spreads and includes a $5 commission per $100,000 worth of currency, offering a slightly better all-in cost than its commission-free option.
On the other hand, DooPrime lacks specific average spread data, making direct cost comparisons challenging. However, when considering industry rankings, OANDA is rated four out of five stars for commissions and fees, securing a spot at 34th out of 63 brokers according to ForexBrokers.com. In contrast, DooPrime receives a lower rating of three stars and ranks 59th in the same category, which suggests that OANDA provides a more competitive fee structure overall.
OANDA also offers unique features like trading micro lots as small as 1 unit, plus an Elite Trader program with rebate tiers for high volume traders. While DooPrime's offerings in terms of fee transparency and detailed breakdowns are less documented, both brokers present options worth considering depending on the trader's priorities, such as cost efficiency and additional features. Overall, for those heavily focused on commissions and fees, OANDA appears to be the superior choice between the two.
| Feature |
OANDA
|
DooPrime
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.69 | N/A |
| All-in Cost EUR/USD - Active | 1.69 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing OANDA vs DooPrime on range of investments: both brokers support forex trading as CFDs or spot contracts, offer copy trading, and let you buy exchange‑traded stocks on U.S. and international markets (not CFDs). OANDA lists 4,172 tradeable symbols and 69 forex pairs, while DooPrime offers 10,000 symbols and 60 forex pairs—so OANDA has more currency pairs, but DooPrime has a much larger overall product list.
For crypto, OANDA provides access to actual (delivered) cryptocurrencies as well as crypto derivatives, whereas DooPrime does not offer either. In independent reviews for range of investments, ForexBrokers.com rates OANDA 4 stars and ranks it #27 of 63 brokers; DooPrime earns 5 stars and ranks #12. If you value more forex pairs and crypto access, OANDA stands out; if you want the widest selection of symbols, DooPrime is the stronger choice.
| Feature |
OANDA
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 10000 |
| Forex Pairs (Total) | 69 | 60 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | 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.
When comparing the trading platforms and tools of OANDA and DooPrime, both brokers offer a comprehensive suite to assist traders. They each provide a free virtual demo account, allowing users to practice trading without financial risk. In terms of proprietary platforms, both have developed their own in-house options, along with offering access to popular platforms like MetaTrader 4 and MetaTrader 5. Additionally, both OANDA and DooPrime make trading convenient with availability on both Windows-based desktops and web browsers, and they also support copy trading. However, neither broker offers third-party platforms like DupliTrade or ZuluTrade.
Diving into specifics, OANDA and DooPrime have their individual strengths in platform features. OANDA boasts 74 drawing tools for charting compared to DooPrime's 15, which may appeal to traders who rely heavily on technical analysis. However, when it comes to organizing market watchlists, DooPrime slightly edges out OANDA with the ability to manage 7 columns of information, versus OANDA’s 6. Traders on both platforms can execute trades directly from stock charts, offering seamless integration between analysis and action. While both brokers are rated 4 stars for their trading platforms and tools, OANDA is ranked higher at #15 compared to DooPrime's #25 out of 63 brokers, as per ForexBrokers.com.
| Feature |
OANDA
|
DooPrime
|
|---|---|---|
| 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 | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 89 | 30 |
| Charting - Drawing Tools (Total) | 74 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of OANDA and DooPrime, both platforms offer robust options for iPhone and Android users. Both allow for stock and forex price alerts and include the functionality to draw trendlines and view multiple time frames on charts. Each app comes equipped with 30 technical studies to assist traders in making informed decisions. However, neither OANDA nor DooPrime offers watchlist symbol syncing, a feature that would allow your watchlists to seamlessly update across both mobile and online accounts.
Both OANDA and DooPrime support real-time quote watchlists, and they ensure that chart drawings auto-save for ongoing use. In terms of user ratings, OANDA's app has a slight edge with a 5-star rating compared to DooPrime's 4-star rating. Furthermore, OANDA ranks higher at #7 in the Mobile Trading Apps category by ForexBrokers.com out of 63 brokers, while DooPrime is positioned at #25. These ratings and rankings potentially make OANDA a more attractive option for those prioritizing app quality and performance in their trading experience.
| Feature |
OANDA
|
DooPrime
|
|---|---|---|
| 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 OANDA and DooPrime, both platforms provide daily market commentary and deliver forex news from prestigious sources like Bloomberg and Reuters. However, only OANDA supplies users with tools from Autochartist, helpful for technical and fundamental analysis, along with a sentiment-based trading tool that presents ratios of long or short positions across currency pairs. DooPrime compensates with tools from Trading Central, offering technical analytics that OANDA doesn't. Both platforms maintain comprehensive economic calendars, which are essential for tracking global news events.
In terms of research ratings, OANDA shines with a perfect 5-star rating and holds the fifth position out of 63 brokers according to ForexBrokers.com. This highlights their superior research tools and resources. On the other hand, DooPrime receives a respectable 4-star rating and is ranked 29th, indicating they offer strong research capabilities but with certain limitations compared to OANDA. Together, these comparisons give prospective users a clearer understanding of the capabilities of each broker in the realm of market research.
| Feature |
OANDA
|
DooPrime
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners, both OANDA and DooPrime provide forex and CFD education with at least 10 learning pieces and 10+ beginner trading videos. OANDA goes further by hosting monthly live educational webinars and offering a searchable archive of past sessions; DooPrime does not provide ongoing webinars or an archive. OANDA also includes an investor dictionary with 50+ terms to help newcomers understand trading jargon, while DooPrime lacks a comparable glossary.
As you progress, both brokers offer 10+ advanced trading videos, but OANDA’s extra learning tools and live events make it more beginner-friendly. That’s reflected in the ratings: OANDA earns 5 stars for Education and ranks #19 out of 63 brokers on ForexBrokers.com, while DooPrime earns 4 stars and ranks #25. If you want structured learning with live touchpoints and searchable replays, OANDA is the stronger pick; if you mainly need a video library, DooPrime can work.
| Feature |
OANDA
|
DooPrime
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that OANDA is better than DooPrime. OANDA finished with an overall rank of #12, while DooPrime finished with an overall rank of #28.
A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.
| Feature |
OANDA
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DooPrime
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 83 |
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OANDA allows users to buy both actual delivered cryptocurrencies and cryptocurrency derivatives, whereas DooPrime does not provide options for purchasing either actual cryptocurrencies or cryptocurrency derivatives.
OANDA supports ACH and SEPA transfers, unlike DooPrime, but both platforms offer multiple deposit and withdrawal options, including PayPal, Skrill, Visa, Mastercard, and bank wires, making them versatile choices for online trading.
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 | OANDA | DooPrime | |
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| Trust Score | 93 | 83 | |
| Winner | check_circle | ||
| Review | OANDA Review |
| Broker Screenshots | OANDA | DooPrime | |
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| Regulation | OANDA | DooPrime | |
|---|---|---|---|
| Trust Score | 93 | 83 | |
| Year Founded | 1996 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 4 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | OANDA | DooPrime | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | OANDA | DooPrime | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| 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) |
| Investments | OANDA | DooPrime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4172 | 10000 | |
| Forex Pairs (Total) | 69 | 60 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | 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 | OANDA | DooPrime | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.69 | N/A | |
| All-in Cost EUR/USD - Active | 1.69 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | DooPrime | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | OANDA | DooPrime | |
|---|---|---|---|
| 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 | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | OANDA | DooPrime | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 89 | 30 | |
| Charting - Drawing Tools (Total) | 74 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | DooPrime | |
|---|---|---|---|
| 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 | OANDA | DooPrime | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | DooPrime | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | OANDA | DooPrime | |
|---|---|---|---|
| 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 | OANDA Review |
| Overall | OANDA | DooPrime | |
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| Trust Score | 93 | 83 | |
| Winner | check_circle | ||
| Review | OANDA Review |
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