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 | 1.61 | N/A |
| All-in Cost EUR/USD - Active | 1.61 | 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.
OANDA and DooPrime both cater to forex traders by offering forex trading options as CFDs or spot contracts. OANDA provides a total of 3,928 tradeable symbols, with a focus on 68 forex pairs, which is slightly more than DooPrime’s 60 forex pairs. However, DooPrime stands out with a much broader selection, offering 10,000 tradeable symbols overall. For traders interested in cryptocurrencies, OANDA allows the purchase of actual cryptocurrencies, as well as derivatives, providing more flexibility compared to DooPrime, which does not offer cryptocurrency derivatives or the actual cryptocurrencies themselves.
When it comes to trading actual exchange-traded securities, DooPrime outshines OANDA by allowing clients to purchase shares on both U.S. and international exchanges, something OANDA does not offer. Both brokers support copy trading features, catering to those who prefer to mimic the trades of successful investors. In terms of range of investments, DooPrime is rated higher with five stars compared to OANDA's four stars and ranks 12th among 63 brokers for investment range, whereas OANDA ranks 27th. This positions DooPrime as a more comprehensive solution for investors looking for a wide array of trading options.
| Feature |
OANDA
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3928 | 10000 |
| Forex Pairs (Total) | 68 | 60 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | 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.
Both OANDA and DooPrime offer traders a comprehensive selection of trading platforms and tools. They each provide access to proprietary platforms, allowing users to experience a tailored trading environment developed in-house. For those who prefer flexibility, both brokers offer Windows-based desktop platforms along with web-based browser options. DooPrime and OANDA also support popular third-party platforms like MetaTrader 4 and MetaTrader 5, which are favorites among traders for their extensive features and community. Additionally, both brokers offer simulated trading with free virtual demo accounts, enabling traders to practice their strategies without risking real money. Copy trading capabilities are available on both, allowing traders to learn from others by mimicking successful strategies.
There are some differences regarding the tools within their platforms. For charting, OANDA offers a robust selection of drawing tools, numbering 431, while DooPrime provides 15 drawing tools. Both brokers enable trading directly from stock charts, a convenient feature for swift market actions. OANDA provides six columns for watch lists to help organize your trading portfolio, slightly less than DooPrime's seven columns. Although they share a four-star rating for trading platforms and tools, OANDA's ranking is higher at 15th compared to DooPrime's 25th among 63 brokers reviewed by ForexBrokers.com, indicating subtle differences in user experience and satisfaction.
| 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) | 81 | 30 |
| Charting - Drawing Tools (Total) | 431 | 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 choosing between OANDA and DooPrime for market research, both platforms provide valuable daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. Where they differ is in the availability of specific technical analysis tools. OANDA features Autochartist tools but does not offer those from Trading Central, while DooPrime provides Trading Central tools but lacks offerings from Autochartist. Additionally, OANDA provides a sentiment-based trading tool that displays the ratio of long or short positions across currency pairs, which DooPrime does not offer.
Both brokers include an economic calendar to keep traders informed of significant global events. However, OANDA tops DooPrime when it comes to rankings and ratings in research capabilities. OANDA holds a 5-star rating and ranks fifth out of 63 brokers on ForexBrokers.com, while DooPrime has a 4-star rating and ranks 29th on the same list. This positions OANDA as a more comprehensive option for those prioritizing market research tools and insights in their trading strategy.
| 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 | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available to beginners, both OANDA and DooPrime provide a variety of learning materials, yet OANDA appears to have a slight edge. Both platforms offer over ten educational pieces like articles, videos, and webinars focused on forex and CFDs, making them excellent starting points for beginners. Additionally, both brokers have an extensive library of beginner and advanced videos tailored to various trading topics. However, OANDA stands out by offering at least one online client webinar monthly, which is not available with DooPrime. OANDA also keeps a searchable archive of these past webinars, unlike DooPrime.
Another key feature OANDA provides is an investor dictionary with over 50 investing terms, helping newcomers become familiar with industry jargon, a resource that DooPrime does not offer. These additional resources contribute to OANDA's higher education rating of 5 stars, compared to DooPrime's 4 stars. According to ForexBrokers.com, OANDA is ranked #22 out of 63 brokers for education, while DooPrime holds the #25 spot. This comprehensive blend of resources ensures OANDA remains a top choice for educational support among beginner traders.
| 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
|
DooPrime
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 93 | 83 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | OANDA | DooPrime | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 83 | |
| Winner | check_circle | ||
| Review | OANDA Review |
| Broker Screenshots | OANDA | DooPrime | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| 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) | No | No | |
| 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) | 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 | OANDA | DooPrime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3928 | 10000 | |
| Forex Pairs (Total) | 68 | 60 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | 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 | 1.61 | N/A | |
| All-in Cost EUR/USD - Active | 1.61 | 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) | 81 | 30 | |
| Charting - Drawing Tools (Total) | 431 | 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 | 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 | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 83 | |
| Winner | check_circle | ||
| Review | OANDA Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill