Written by ForexBrokers.com
In this head to head comparison of Pepperstone 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.
Pepperstone and DooPrime are two prominent online brokers catering to forex traders. Pepperstone, founded in 2010, boasts a highly trusted reputation with a Trust Score of 95 from ForexBrokers.com, backed by three Tier-1 licenses and two Tier-2 licenses. Meanwhile, DooPrime, established in 2014, has a Trust Score of 83, supported by four Tier-1 licenses. Neither Pepperstone nor DooPrime is publicly traded, nor do they operate as banks.
While both brokers have their strengths, Pepperstone is perceived as more reliable due to its higher Trust Score and a broader mix of Tier-1 and Tier-2 licenses, indicating a higher level of regulatory scrutiny. DooPrime, although slightly younger and holding a lower trust score, still maintains a strong position with its four Tier-1 licenses, providing a level of assurance to traders looking for trusted trading options.
| Feature |
Pepperstone
|
DooPrime
|
|---|---|---|
| Year Founded | 2010 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 4 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 3 |
When comparing the commissions and fees of Pepperstone and DooPrime, Pepperstone stands out in terms of pricing and ranking. With a competitive 4.5-star rating for commissions and fees, Pepperstone ranks #10 out of 63 brokers. It offers a noteworthy Razor account that features a commission-based pricing structure, ideal for high-volume traders who can benefit from its Active Trader program. For instance, when trading EUR/USD, the Razor account showcases an average spread of 0.10 pips with an equivalent commission of 0.70 pips, resulting in a total cost of 0.80 pips. This pricing is quite attractive compared to the industry norm.
On the other hand, Pepperstone’s Standard account, which is commission-free, reflects an average spread of 1.1 pips on EUR/USD, making it a pricier alternative compared to the Razor account. However, Pepperstone's Active Trader program offers further spread reductions for professional clients. Depending on monthly trading volumes, UK and EU traders can receive up to a 25% rebate, while professionals in Australia can enjoy discounts up to 30% as part of the tiered discounts.
Conversely, DooPrime, with its 3-star rating, ranks #59 in the same category. Unfortunately, specific average spread data for DooPrime is not available, which can make direct fee comparisons challenging. However, the lower ranking suggests that DooPrime might not provide the same lucrative conditions for traders focused on minimizing costs as Pepperstone does.
| Feature |
Pepperstone
|
DooPrime
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.00 | N/A |
| All-in Cost EUR/USD - Active | 0.70 | 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.
When comparing the range of investments offered by online brokers Pepperstone and DooPrime, there are significant differences that potential investors should consider. Pepperstone and DooPrime both allow forex trading as CFDs, but Pepperstone offers 65 tradeable forex pairs compared to DooPrime's 60. However, in terms of overall tradeable symbols, Pepperstone provides 1,726 options, while DooPrime boasts a significantly larger offering with 10,000 tradeable symbols. For those interested in exchange-traded securities, DooPrime enables access to both U.S. and international exchanges, allowing clients to invest in major corporations like Apple and Vodafone. Conversely, Pepperstone does not provide direct access to these securities.
Both brokers support copy trading, appealing to those who prefer to mirror successful strategies. However, when it comes to cryptocurrency trading, Pepperstone facilitates the trading of cryptocurrency derivatives but not the actual digital currencies. In contrast, DooPrime does not offer either option. With respect to ratings, DooPrime stands out with a 5-star rating for its investment range and is ranked #12 by ForexBrokers.com among 63 brokers in this category. Pepperstone, although commendable, holds a 4-star rating and is ranked #26. These differences provide an essential perspective for investors evaluating which broker aligns best with their trading preferences and needs.
| Feature |
Pepperstone
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 10000 |
| Forex Pairs (Total) | 65 | 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) | No | 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.
Pepperstone and DooPrime both provide comprehensive trading platforms catering to diverse trader needs. Each broker offers a free virtual demo account, allowing users to experience simulated trading. Both brokers have developed their own proprietary platforms and support Windows-based desktop platforms as well as web-based trading environments, ensuring flexibility in how traders can access their accounts. For those interested in social trading, both platforms support copy trading. Additionally, both Pepperstone and DooPrime offer the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. However, if you're interested in DupliTrade, Pepperstone provides this feature while DooPrime does not.
When it comes to charting capabilities and tools, both brokers offer the ability to trade directly from stock charts, giving traders added convenience. Pepperstone offers more drawing tools, with 30 available compared to DooPrime’s 15. Both brokers also provide seven columns for creating detailed watch lists. Although both received four-star ratings for their trading platforms and tools, Pepperstone ranks slightly higher at number 22 out of 63 brokers, compared to DooPrime’s ranking of number 25, according to ForexBrokers.com. This small difference may influence your decision if ranking and recognition on a broader scale are vital for you.
| Feature |
Pepperstone
|
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 | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 15 | 30 |
| Charting - Drawing Tools (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and DooPrime both offer mobile trading apps for iPhone and Android, allowing traders to stay connected to the markets wherever they are. Both apps provide features such as stock and forex price alerts, the ability to draw trendlines on charts, and options to view multiple time frames to suit different trading strategies. Users can create watchlists with real-time quotes, and both platforms support a range of 30 technical studies for detailed chart analysis.
However, a key difference lies in the syncing capability of watchlists between mobile and online accounts. Pepperstone offers seamless syncing, ensuring that any changes made are reflected across both platforms, while DooPrime does not. Both apps have auto-save capabilities for drawings on charts, providing convenience and consistency for users. According to ForexBrokers.com, both Pepperstone and DooPrime are highly rated with four stars each for their mobile trading apps. In terms of rankings among 63 brokers, Pepperstone holds the 21st position, slightly ahead of DooPrime, which ranks 25th, reflecting a marginal edge in preference among users.
| Feature |
Pepperstone
|
DooPrime
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | 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.
Pepperstone and DooPrime both cater to traders with daily market commentary and forex news from esteemed sources like Bloomberg and Reuters. When it comes to technical analysis tools, Pepperstone has an edge with offerings from Autochartist, providing users with insights that are not available on DooPrime. On the other hand, DooPrime leverages tools from Trading Central, enhancing their research suite for those looking for additional technical analytical resources. Both platforms ensure that traders are kept in the loop with comprehensive economic calendars displaying worldwide financial events.
Pepperstone also stands out with a sentiment-based trading tool that allows traders to understand the ratio of long or short positions across various instruments, a feature DooPrime does not offer. The research capabilities of these brokers are reflected in their ratings and rankings; Pepperstone is rated 4.5 stars and placed 12th in research by ForexBrokers.com, while DooPrime holds a 4-star rating and ranks 29th. This showcases Pepperstone's stronger offering in market analysis and preparatory tools, making it a preferred choice for traders seeking detailed market insights.
| Feature |
Pepperstone
|
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.
When it comes to educational resources, Pepperstone and DooPrime both offer a wide selection tailored for beginners interested in forex and CFDs. They each provide more than ten educational pieces, including articles and videos focused on these trading subjects. However, Pepperstone stands out by offering live webinars at least once a month and maintaining a searchable archive of past webinar recordings, which DooPrime currently lacks. This accessibility to live and recorded webinars can be a significant advantage for learners who prefer interactive and on-demand learning experiences.
If you are a beginner, both platforms offer at least ten beginner-friendly videos and another set of more advanced content for seasoned traders. However, Pepperstone provides an additional learning tool—a comprehensive investor dictionary featuring over 50 investing terms, unlike DooPrime. These extra resources contribute to Pepperstone’s higher educational rank of 4.5 stars, placing it at #17 in the education category according to ForexBrokers.com, compared to DooPrime’s 4 stars and #25 rank. Whether you're just starting or looking to deepen your trading knowledge, Pepperstone seems to offer a more enriched learning environment for new traders.
| Feature |
Pepperstone
|
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 Pepperstone is better than DooPrime. Pepperstone finished with an overall rank of #16, while DooPrime finished with an overall rank of #28.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
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DooPrime
|
|---|---|---|
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| Trust Score | 95 | 83 |
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When comparing online brokers Pepperstone and DooPrime in terms of cryptocurrency offerings, Pepperstone does not provide the option to buy actual (delivered) cryptocurrencies, but it does allow the purchase of cryptocurrency derivatives, whereas DooPrime neither offers the purchase of actual (delivered) cryptocurrencies nor cryptocurrency derivatives.
Pepperstone stands out by offering ACH and SEPA transfers along with PayPal, Skrill, Visa, Mastercard, and bank wires for deposits and withdrawals, whereas DooPrime matches Pepperstone with options like PayPal, Skrill, Visa, Mastercard, and bank wires but lacks ACH and SEPA transfer capabilities.
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 | Pepperstone | DooPrime | |
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| Trust Score | 95 | 83 | |
| Winner | check_circle | ||
| Review | Pepperstone Review |
| Broker Screenshots | Pepperstone | DooPrime | |
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| Regulation | Pepperstone | DooPrime | |
|---|---|---|---|
| Trust Score | 95 | 83 | |
| Year Founded | 2010 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 4 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 3 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | DooPrime | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Pepperstone | DooPrime | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Pepperstone | DooPrime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 10000 | |
| Forex Pairs (Total) | 65 | 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) | No | 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 | Pepperstone | DooPrime | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | N/A | |
| All-in Cost EUR/USD - Active | 0.70 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | 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 | Pepperstone | 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 | Yes | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Pepperstone | DooPrime | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| Charting - Drawing Tools (Total) | 30 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | DooPrime | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | 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 | Pepperstone | 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 | Pepperstone | 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 | Pepperstone | 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 | Pepperstone Review |
| Overall | Pepperstone | DooPrime | |
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| Trust Score | 95 | 83 | |
| Winner | check_circle | ||
| Review | Pepperstone Review |
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