Written by ForexBrokers.com
In this head to head comparison of DooPrime vs Octa, 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 offers a solid trust profile in the online brokerage space. With a Trust Score of 83 out of 99 from ForexBrokers.com, DooPrime is classified as a trusted broker. The online broker also stands out by holding four Tier-1 licenses, recognized for being highly trusted. Though not publicly traded or a bank, DooPrime’s regulatory framework presents an appealing option for traders looking for a reliable platform.
In comparison, Octa has been serving traders since 2011 and carries a Trust Score of 72, placing it in the average risk category according to ForexBrokers.com. Octa holds one Tier-1 license and one Tier-2 license, reinforcing a moderate level of trust. Like DooPrime, Octa is neither publicly traded nor operates as a bank, but its regulatory licenses reflect a commendable level of oversight, making it a viable choice for many traders.
| Feature |
DooPrime
|
Octa
|
|---|---|---|
| Year Founded | 2014 | 2011 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When comparing the commissions and fees of DooPrime and Octa, notable differences emerge that can influence traders' choices. DooPrime, unfortunately, does not provide detailed average spread data, making it challenging for potential clients to fully assess its cost-effectiveness. With a rating of 3 out of 5 stars and ranking #59 out of 63 brokers in the Commissions and Fees category by ForexBrokers.com, DooPrime may not be the first choice for traders primarily focused on low trading costs.
Octa, however, has made significant progress in its pricing strategy, outperforming many competitors. Ranked #29 by ForexBrokers.com with a 4 out of 5-star rating for commissions and fees, Octa has positioned itself as a contender among the lowest-cost MetaTrader brokers. Octa offers a no-slippage rate on 97.5% of executed orders and avoids overnight carry costs, although restrictions may affect high-frequency traders. The varying spread pricing depends on account types and regulatory entities, and while the lack of a specific date range for typical spreads can be a drawback, Octa's improved pricing offers a compelling case for potential clients.
Overall, when considering cost efficiency, Octa appears to have a more favorable standing than DooPrime, thanks to its recent enhancements and competitive pricing features. Prospective traders might find Octa's tailored options for different account types and geographic regions an attractive factor when making their decision.
| Feature |
DooPrime
|
Octa
|
|---|---|---|
| Minimum Deposit | $100 | $25 |
| Average Spread EUR/USD - Standard | N/A | 0.9 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| 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 Octa in terms of investment options, DooPrime clearly stands out with a more extensive range of offerings. DooPrime provides an impressive selection of 10,000 tradeable symbols, including 60 forex pairs. Furthermore, it offers access to exchange-traded securities on U.S. and international markets, allowing investors to buy shares of major companies such as Apple and Vodafone. In contrast, Octa offers 300 tradeable symbols, including 35 forex pairs, and provides access only to international exchange-traded securities like Vodafone, but not those on U.S. exchanges.
Both brokers offer forex trading via CFDs or spot contracts, and they enable copy trading. However, when it comes to cryptocurrency trading, Octa allows buying derivatives while DooPrime does not support cryptocurrency derivatives or actual cryptocurrency purchases. Overall, DooPrime receives a five-star rating for its range of investments, ranking 12th out of 63 brokers according to ForexBrokers.com. Octa, with a 3.5-star rating, is placed further down the list at 52nd, highlighting DooPrime's superior investment options.
| Feature |
DooPrime
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 300 |
| Forex Pairs (Total) | 60 | 35 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| 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.
DooPrime and Octa both provide a comprehensive offering when it comes to trading platforms and tools, making them suitable for traders at all levels of experience. Each broker offers simulated trading through free virtual demo accounts, which are essential for beginners looking to practice without financial risk. Additionally, both DooPrime and Octa have developed their own proprietary platforms, in addition to offering access to the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) options. Traders can also access trading platforms via Windows-based desktop downloads or through web-based browsers, providing flexibility and convenience in how they manage their trades.
Furthermore, DooPrime and Octa both offer copy trading features and permit trading directly from a stock chart, which can enhance trading strategies and execution. Although neither broker supports DupliTrade or ZuluTrade, they both provide an identical number of drawing tools for charting—15 in total. For watch lists, both brokers offer 7 columns or fields to manage favorite instruments effectively. Both DooPrime and Octa have received a solid 4-star rating for their trading platforms and tools, with DooPrime ranked slightly higher at #25 compared to Octa's #37 on ForexBrokers.com among 63 brokers. These similarities highlight the competitive offerings by both brokers, making them strong contenders for any trader's consideration.
| Feature |
DooPrime
|
Octa
|
|---|---|---|
| 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) | 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 Octa provide mobile trading apps compatible with iPhone and Android devices, marking them as accessible choices for traders on the go. They support essential features like price alerts for stocks and forex, the ability to draw trendlines, and the option to view charts across multiple time frames. Each app also allows users to create watchlists with real-time quotes, though they do not offer watchlist symbol syncing between the mobile app and the user's online account. Auto-saving chart drawings further enhances the user experience on both platforms.
In terms of technical studies available for charting, DooPrime and Octa both offer 30 options, giving traders a range of analytical tools. Both platforms have received a solid mobile app rating of 4 out of 5 stars. However, DooPrime edges out slightly in the rankings, holding the 25th spot among 63 brokers as rated by ForexBrokers.com, compared to Octa's 36th position. This suggests a closely matched performance with a slight advantage for DooPrime regarding mobile trading features and user satisfaction.
| Feature |
DooPrime
|
Octa
|
|---|---|---|
| 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.
Both DooPrime and Octa provide traders with valuable daily market commentary and forex news from top-tier sources, offering critical insights to help with trading decisions. They each feature accessible economic calendars that list current and upcoming global news events, making it easier to stay updated on various economies worldwide. However, only Octa offers technical analysis tools from Autochartist, providing traders with additional resources for strategy development, while DooPrime includes Trading Central tools instead, expanding its analytical offerings.
Neither DooPrime nor Octa provides a sentiment-based trading tool or market research from TipRanks or Acuity Trading, highlighting a shared area for potential enhancement. Although both brokers share a competitive four-star rating for their research offerings, they differ slightly in their rankings. DooPrime is positioned at number 29 out of 63 brokers, whereas Octa ranks slightly higher at 27, reflecting slight differences in their market research support that might affect traders’ preferences.
| Feature |
DooPrime
|
Octa
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| 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 available for beginners at DooPrime and Octa, both online brokers provide a solid foundation for those new to forex and CFD trading. Both platforms offer more than ten educational pieces, including articles, videos, and archived webinars, to help beginners understand the basics of trading. In addition, both DooPrime and Octa cater to beginners with at least ten educational videos specifically designed to introduce trading topics. For those seeking advanced knowledge, each platform also provides over ten videos tailored for experienced traders.
However, there are notable differences that could influence a beginner's choice of broker. Octa stands out with its regular online educational webinars, offering at least one per month. These webinars are archived in a searchable format, providing ongoing learning opportunities. Octa also features an investor dictionary with definitions for over 50 investing terms, which may help beginners gain a better grasp of trading jargon. In contrast, DooPrime does not offer monthly webinars, a searchable archive, or an investor dictionary. Despite these differences, both brokers receive a commendable four-star rating for their educational offerings. Interestingly, DooPrime is ranked #25 in the education category by ForexBrokers.com, while Octa is ranked #42, indicating varying strengths in the broader educational offering.
| Feature |
DooPrime
|
Octa
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | No | Yes |
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 Octa. DooPrime finished with an overall rank of #28, while Octa finished with an overall rank of #47.
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
|
Octa
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 72 |
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While both DooPrime and Octa do not allow users to purchase actual, delivered cryptocurrencies, Octa provides the option to trade cryptocurrency derivatives, whereas DooPrime does not offer this feature.
Both DooPrime and Octa provide Skrill, Visa, Mastercard, and bank wire options for depositing or withdrawing funds, but only DooPrime offers PayPal as an additional payment method, while neither supports ACH or SEPA transfers.
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 | Octa | |
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| Trust Score | 83 | 72 | |
| Winner | check_circle | ||
| Review | Octa Review |
| Broker Screenshots | DooPrime | Octa | |
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| Regulation | DooPrime | Octa | |
|---|---|---|---|
| Trust Score | 83 | 72 | |
| Year Founded | 2014 | 2011 | |
| 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 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | Octa | |
|---|---|---|---|
| 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 | Octa | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | DooPrime | Octa | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 300 | |
| Forex Pairs (Total) | 60 | 35 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| 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 | Octa | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 0.9 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | Octa | |
|---|---|---|---|
| Minimum Deposit | $100 | $25 | |
| 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 | Octa | |
|---|---|---|---|
| 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 | DooPrime | Octa | |
|---|---|---|---|
| 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 | Octa | |
|---|---|---|---|
| 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 | Octa | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | Octa | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | DooPrime | Octa | |
|---|---|---|---|
| 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 | Octa Review |
| Overall | DooPrime | Octa | |
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| Trust Score | 83 | 72 | |
| Winner | check_circle | ||
| Review | Octa Review |
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