Written by ForexBrokers.com
Is OANDA better than DooPrime? In our analysis of 23 international regulators across 39 of the best forex brokers, OANDA is considered low-risk, with an overall Trust Score of 92 out of 99. DooPrime is considered average-risk, with an overall Trust Score of 84 out of 99. Learn more about Trust Score.
| Overall Rating | OANDA | DooPrime | IG |
|---|---|---|---|
| Overall Rating | |||
| Commissions & Fees | |||
| Offering of Investments | |||
| Platform & Tools | |||
| Mobile Trading | |||
| Research | |||
| Education | |||
| Trust Score | 92 | 84 | 99 |
| Winner | check_circle | ||
| Review | OANDA Review | IG Review |
| Regulation | OANDA | DooPrime | IG |
|---|---|---|---|
| Trust Score | 92 | 84 | 99 |
| Year Founded | 1996 | 2014 | 1974 |
| Publicly Traded (Listed) | No | No | Yes |
| Bank | No | No | Yes |
| Tier-1 Licenses | 6 | 2 | 7 |
| Tier-2 Licenses | 0 | 0 | 2 |
| Tier-3 Licenses | 1 | 2 | 1 |
| Authorised in European Union | Yes | No | Yes |
| About Regulation | A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score. | A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score. | A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score. |
| Tier-1 Licenses (High Trust) | OANDA | DooPrime | IG |
|---|---|---|---|
| ASIC Authorised (Australia) | Yes | No | Yes |
| IIROC Authorised (Canada) | Yes | No | No |
| SFC Authorised (Hong Kong) | No | Yes | No |
| CBI Authorised (Ireland) | No | No | No |
| FSA Authorised (Japan) | Yes | No | Yes |
| MAS Authorised (Singapore) | Yes | No | Yes |
| FINMA Authorised (Switzerland) | No | No | Yes |
| FCA Authorised (U.K.) | Yes | Yes | Yes |
| CFTC Registered (USA) | Yes | No | Yes |
| FMA Authorised (New Zealand) | No | No | Yes |
| Tier-2 Licenses (Average Trust) | OANDA | DooPrime | IG |
|---|---|---|---|
| CBRC Authorised (China) | No | No | No |
| CySEC Authorised (Cyprus) | No | No | No |
| SEBI Authorised (India) | No | No | No |
| ISA Authorised (Israel) | No | No | No |
| CBR Authorised (Russia) | No | No | No |
| FSCA Authorised (South Africa) | No | No | Yes |
| SEC Authorised (Thailand) | No | No | No |
| DFSA / Central Bank Authorised (UAE) | No | No | Yes |
| Tier-3 Licenses (Low Trust) | OANDA | DooPrime | IG |
|---|---|---|---|
| SCB Authorised (Bahamas) | No | No | No |
| IFSC Authorised (Belize) | No | No | No |
| CIMA Authorised (Cayman Islands) | No | No | No |
| BMA Authorised (Bermuda) | No | No | Yes |
| FSC Authorised (British Virgin Islands) | Yes | No | No |
| FSC Authorised (Mauritius) | No | Yes | No |
| VFSC Authorised (Vanuatu) | No | Yes | No |
| Investments | OANDA | DooPrime | IG |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | Yes |
| Tradeable Symbols (Total) | 124 | 10000 | 19537 |
| Forex Pairs (Total) | 71 | 60 | 100 |
| U.S. Stock Trading (Non CFD) | No | Yes | Yes |
| Int'l Stock Trading (Non CFD) | No | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes | Yes |
| Cryptocurrency (Physical) | No | No | No |
| Cryptocurrency (CFD) | Yes | 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). | 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 | IG |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.26 (5/22-5/27/22) | -1 | 0.86 (September 2022) |
| All-in Cost EUR/USD - Active | 1.26 (5/22-5/27/22) | -1 | 0.5957 (September 2022) |
| Active Trader or VIP Discounts | Yes | No | Yes |
| Execution: Agency Broker | No | Yes | Yes |
| Execution: Market Maker | Yes | Yes | Yes |
| Funding | OANDA | DooPrime | IG |
|---|---|---|---|
| Minimum Initial Deposit | $0 | $100 | £250.00 |
| PayPal (Deposit/Withdraw) | Yes | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | Yes |
| Trading Platforms | OANDA | DooPrime | IG |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes | Yes |
| Web Platform | Yes | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes | No |
| cTrader | No | No | No |
| DupliTrade | No | No | No |
| ZuluTrade | Yes | No | No |
| Trading Tools | OANDA | DooPrime | IG |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | Yes |
| Alerts - Basic Fields | Yes | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 | 14 |
| Charting - Indicators / Studies (Total) | 81 | 30 | 33 |
| Charting - Drawing Tools (Total) | 431 | 15 | 20 |
| Charting - Trade From Chart | Yes | Yes | Yes |
| Charts can be saved | Yes | Yes | Yes |
| Mobile Trading | OANDA | DooPrime | IG |
|---|---|---|---|
| Android App | Yes | Yes | Yes |
| Apple iOS App | Yes | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes | Yes |
| Mobile Watchlist | Yes | Yes | Yes |
| Watchlist Syncing | No | No | Yes |
| Mobile Charting - Indicators / Studies | 33 | 30 | 33 |
| Mobile Charting - Draw Trendlines | Yes | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes | Yes |
| Forex Calendar | Yes | Yes | Yes |
| Research | OANDA | DooPrime | IG |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes | Yes |
| Autochartist | Yes | No | Yes |
| Trading Central (Recognia) | No | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No | Yes |
| Economic Calendar | Yes | Yes | Yes |
| Education | OANDA | DooPrime | IG |
|---|---|---|---|
| Has Education - Forex or CFDs | Yes | Yes | Yes |
| Client Webinars | Yes | No | Yes |
| Client Webinars (Archived) | Yes | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | No | Yes |
| Major Forex Pairs | OANDA | DooPrime | IG |
|---|---|---|---|
| GBP/USD | Yes | Yes | Yes |
| USD/JPY | Yes | Yes | Yes |
| EUR/USD | Yes | Yes | Yes |
| USD/CHF | Yes | Yes | Yes |
| USD/CAD | Yes | Yes | Yes |
| NZD/USD | Yes | Yes | Yes |
| AUD/USD | Yes | Yes | Yes |
| Review | OANDA Review | IG Review |
| Overall | OANDA | DooPrime | IG |
|---|---|---|---|
| Overall Rating | |||
| Commissions & Fees | |||
| Offering of Investments | |||
| Platform & Tools | |||
| Mobile Trading | |||
| Research | |||
| Education | |||
| Trust Score | 92 | 84 | 99 |
| Winner | check_circle | ||
| Review | OANDA Review | IG Review |
Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare OANDA vs DooPrime.
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. OANDA holds 6 global Tier-1 licenses, while DooPrime holds 2. Both OANDA and DooPrime hold 0 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, OANDA earned a higher Trust Score than DooPrime.
To compare the trading platforms of both OANDA and DooPrime, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both OANDA and DooPrime offer MetaTrader 4 (MT4).OANDA and DooPrime both offer copy trading.
OANDA provides traders 71 currency pairs (e.g., EUR/USD) compared to DooPrime's 60 available pairs. Forex pairs aside, DooPrime offers traders access to 10000 CFDs while OANDA has 124 available CFDs, a difference of 9876.
OANDA is not publicly traded and does not operate a bank. OANDA is authorised by six tier-1 regulators (high trust), zero tier-2 regulators (average trust), and one tier-3 regulators (low trust). OANDA is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Investment Industry Regulatory Organization of Canada (IIROC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC).
DooPrime is not publicly traded and does not operate a bank. DooPrime is authorised by three tier-1 regulator (high trust), one tier-2 regulators (average trust), and two tier-3 regulators (low trust). DooPrime is authorised by the following tier-1 regulators: Securities Futures Commission (SFC), Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC)
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.
DooPrime is primarily a MetaTrader broker that offers both MT4 and MT5, along with several copy trading platforms and its own In Trade platform. DooPrime is regulated in the U.K., Vanuatu, and Mauritius, and provides nearly 10,000 trading symbols. It's worth noting that we could not obtain average spread data for DooPrime when evaluating trading costs.
Overall winner: IG
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.
Plus500
AvaTrade
BlackBull Markets
Tickmill
IG
CMC Markets
FOREX.com
FP Markets
