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DooPrime vs OctaFX 2023

ForexBrokers.com

Written by ForexBrokers.com

August 29, 2023

Is DooPrime better than OctaFX? In our analysis of 23 international regulators across 62 of the best forex brokers, DooPrime is considered Trusted, with an overall Trust Score of 83 out of 99. OctaFX is considered Average-Risk, with an overall Trust Score of 70 out of 99. Learn more about Trust Score.

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Compare

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Overall Rating DooPrime OctaFX
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 3/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 83 70
Winner check_circle
Review OctaFX Review
Broker Screenshots DooPrime OctaFX
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation DooPrime OctaFX
Trust Score info 83 70
Year Founded info 2014 2011
Publicly Traded (Listed) info No No
Bank info No No
European Union Authorised (MiFID) info No info Yes info
Tier-1 Licenses info 4 1
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 3 0
Tier-1 Licenses (Highly Trusted) DooPrime OctaFX
Australia (ASIC Authorised) info No No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info Yes No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
European Union Authorised (MiFID) info No info Yes info
Tier-2 Licenses (Trusted) DooPrime OctaFX
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments DooPrime OctaFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 10000 229
Forex Pairs (Total) info 60 40
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 OctaFX
Average Spread EUR/USD - Standard info N/A info 0.9 info
All-in Cost EUR/USD - Active info N/A info N/A
Active Trader or VIP Discounts info No No
Inactivity Fee info No No
Execution: Agency Broker info Yes Yes
Execution: Market Maker info Yes Yes
Funding DooPrime OctaFX
Minimum Deposit info $100 $25
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Trading Platforms DooPrime OctaFX
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools DooPrime OctaFX
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 7
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 15 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading DooPrime OctaFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Forex Calendar info Yes Yes
Research DooPrime OctaFX
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info No No
Economic Calendar info Yes Yes
Education DooPrime OctaFX
Education (Forex or CFDs) info Yes Yes
Client Webinars info No Yes
Client Webinars (Archived) info No Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info No Yes
Major Forex Pairs DooPrime OctaFX
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review OctaFX Review
Overall DooPrime OctaFX
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 3/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 83 70
Winner check_circle
Review OctaFX Review
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DooPrime vs OctaFX Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare DooPrime vs OctaFX.

Does DooPrime or OctaFX offer lower pricing?

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, OctaFX offers better pricing overall for traders.

Is DooPrime or OctaFX safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. DooPrime holds 4 global Tier-1 licenses, while OctaFX holds 1. OctaFX holds 1 global Tier-2 licenses, while DooPrime holds 0. In our analysis of 23 international regulators across 50 brokers, DooPrime (83) earned a higher Trust Score than OctaFX (70).

Which trading platform is better: DooPrime or OctaFX?

To compare the trading platforms of both DooPrime and OctaFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, DooPrime offers a better experience. With research, OctaFX offers superior market research. Finally, we found DooPrime to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both DooPrime and OctaFX offer MetaTrader 4 (MT4).DooPrime and OctaFX both offer copy trading.

How many forex pairs and CFDs are available to trade?

DooPrime provides traders 60 currency pairs (e.g., EUR/USD) compared to OctaFX's 40 available pairs. Forex pairs aside, DooPrime offers traders access to 10000 CFDs while OctaFX has 229 available CFDs, a difference of 9771.

Can I trust DooPrime?

DooPrime is not publicly traded and does not operate a bank. DooPrime is authorised by four Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and three Tier-4 regulators (High Risk). DooPrime is authorised by the following Tier-1 regulators: Securities Futures Commission (SFC), Financial Conduct Authority (FCA), Commodity Futures Trading Commission (CFTC), and the European Union via MiFID

Can I trust OctaFX?

OctaFX is not publicly traded and does not operate a bank. OctaFX is authorised by one Tier-1 regulator (high trust), one Tier-2 regulator (average trust), zero Tier-3 regulators (low trust), and zero Tier-4 regulators (High Risk). OctaFX is authorised by the following tier-1 regulators: European Union via MiFID.

Is DooPrime good?

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.

Is OctaFX good?

OctaFX offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.

Overall winner: DooPrime

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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