Written by ForexBrokers.com
In this head to head comparison of Plus500 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.
Plus500 and DooPrime are both well-regarded online brokers, but they have some key differences. Founded in 2008, Plus500 is a publicly traded company that holds a Trust Score of 99, indicating it is highly trusted according to ForexBrokers.com. Plus500 boasts six Tier-1 licenses, showcasing its strong regulatory compliance, alongside three Tier-2 licenses, which further affirm its trusted status. Although Plus500 is not a bank, its public trading status and high number of Tier-1 licenses contribute to its reputation as a secure choice for online trading.
Established in 2014, DooPrime, in contrast, is a privately held company with a Trust Score of 83, classifying it as trusted. While DooPrime holds four Tier-1 licenses, it lacks Tier-2 licenses, which may be a consideration for those prioritizing regulatory oversight. Like Plus500, DooPrime is not a bank, but its emphasis on obtaining Tier-1 licenses signifies a commitment to maintaining a trustworthy trading environment. Despite being newer to the market than Plus500, DooPrime has quickly made a name for itself, providing a reliable platform backed by strong regulatory credentials.
| Feature |
Plus500
|
DooPrime
|
|---|---|---|
| Year Founded | 2008 | 2014 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 6 | 4 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
When comparing the online brokers Plus500 and DooPrime in terms of commissions and fees, Plus500 stands out with a rating of 4.0 stars while DooPrime garners 3 stars. Plus500 ranks #25 out of 62 brokers according to ForexBrokers.com, offering pricing that is slightly above the industry average, particularly for active traders. However, it lags behind top-tier forex brokers such as IG and Saxo. Although Plus500 does not offer retail client discounts, it does provide cash rebates for those who qualify as Professional clients.
Plus500's spreads for the EUR/USD pair averaged 1.5 pips in April 2024, which is higher than the industry average. This might be a consideration for traders mindful of minimizing costs. In contrast, DooPrime has not provided specific average spread data, which can make it challenging for prospective clients to gauge its pricing competitiveness.
Ultimately, Plus500 ranks higher than DooPrime when it comes to commissions and fees, indicating a more favorable offering for traders looking for value. However, both brokers differ in their transparency and offerings, and potential clients should carefully evaluate which broker aligns better with their trading needs and financial goals.
| Feature |
Plus500
|
DooPrime
|
|---|---|---|
| Minimum Deposit | €100 | $100 |
| Average Spread EUR/USD - Standard | 1.5 | N/A |
| All-in Cost EUR/USD - Active | 1.5 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | 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 it comes to the diversity of investments, Plus500 and DooPrime cater to a wide array of trading preferences with distinct offerings. Plus500 shines with its impressive collection of 5,500 tradeable symbols, providing options such as forex, exchange-traded securities from U.S. and international exchanges, and cryptocurrency derivatives. However, it lacks in areas like copy trading and purchasing actual cryptocurrency. Despite these limitations, Plus500 stands out with a strong lineup of 65 forex pairs available as CFDs, appealing to forex enthusiasts.
On the other hand, DooPrime boasts an expansive range with 10,000 tradeable symbols, appealing particularly to those who value variety. While it offers forex trading with a slightly fewer 60 forex pairs, it compensates by providing exchange-traded options like U.S. and international securities along with copy trading capabilities, enhancing its appeal to diverse investors. However, unlike Plus500, DooPrime does not offer cryptocurrency derivatives. With a higher ranking and rating for its investment range, DooPrime may be the preferred choice for those seeking extensive diversity, whereas Plus500 caters effectively to traders focused on forex and select derivatives.
| Feature |
Plus500
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 10000 |
| Forex Pairs (Total) | 65 | 60 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | 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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | 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.
When comparing Plus500 and DooPrime for trading platforms and tools, both brokers provide free demo accounts, allowing users to gain hands-on experience without any financial risk. Plus500 offers a proprietary platform accessible via web browsers while lacking a Windows-based desktop download, unlike DooPrime, which provides both a proprietary platform and the widely popular MetaTrader 4 and 5. DooPrime also supports copy trading, an area where Plus500 does not compete. This feature can be beneficial for investors interested in mirroring the trades of experienced traders. Plus500, however, stands out in offering more fields for watch lists, boasting 10 compared to DooPrime's 7.
Charting tools and the ability to directly trade from stock charts are additional points of differentiation between these brokers. Plus500 offers a richer array of drawing tools with 22 options, whereas DooPrime provides 15 drawing tools, but it compensates with the capability to trade directly from charts. Plus500 secures a higher rating of 4.5 stars for its trading platforms and tools and is ranked 14th among 62 brokers by ForexBrokers.com. In contrast, DooPrime garners a respectable 4-star rating, positioned at 25th out of the same pool of competitors. Both platforms possess unique strengths catered to different trading preferences, making the decision largely dependent on specific trading needs and preferences.
| Feature |
Plus500
|
DooPrime
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 114 | 30 |
| Charting - Drawing Tools (Total) | 22 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 10 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Plus500 and DooPrime, both brokers provide iPhone and Android apps, along with the ability to send stock or forex price alerts. Plus500 stands out by offering watchlist symbol syncing, allowing you to maintain consistency across platforms, a feature that DooPrime lacks. For charting, Plus500 offers a comprehensive suite with 110 technical studies, significantly more than DooPrime's 30. Both apps enable users to draw trendlines and view multiple time frames in charts, providing versatility in technical analysis. However, while Plus500 does not auto-save your chart drawings, DooPrime does, which can save you time in your analysis.
In terms of watchlist creation, both apps allow users to see real-time quotes, making it easy to keep an eye on market swings. Plus500's mobile app is rated 4.5 stars, with a higher ranking of #14 out of 62 brokers on ForexBrokers.com compared to DooPrime's rating of 4 stars and rank of #25. These ratings highlight Plus500 as the more highly regarded choice for those seeking a mobile trading app with comprehensive features and higher user satisfaction.
| Feature |
Plus500
|
DooPrime
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 110 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of Plus500 and DooPrime, both brokers provide daily market commentary, which can help traders stay informed about the latest market trends. However, DooPrime sets itself apart by offering forex news from leading sources like Bloomberg and Reuters, a feature that Plus500 does not include. Both platforms provide tools from Trading Central, which help with technical analysis, but neither offers resources from Autochartist or Acuity Trading. An economic calendar is available on both platforms, aiding traders by listing key global news events.
In terms of unique offerings, Plus500 provides a sentiment-based trading tool that displays the ratio of long and short positions on various instruments—a feature that DooPrime lacks. Both companies do not offer market research tools from TipRanks. When rated for research, Plus500 edges slightly ahead with a 4.0-star rating compared to DooPrime's 4-star score. According to ForexBrokers.com, Plus500 ranks 19th out of 62 brokers, while DooPrime is positioned at 29th for their research capabilities.
| Feature |
Plus500
|
DooPrime
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | 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.
For beginners looking to dive into forex and CFDs trading, both Plus500 and DooPrime provide an array of educational content to guide you along your trading journey. With a variety of over 10 articles, videos, and archived webinars on forex and CFDs, these brokers ensure that newcomers have ample resources to learn the basics. Plus500 takes a slight lead by offering monthly educational webinars and an archive of previously recorded sessions accessible to users, features that DooPrime currently does not provide. Both brokers also cater to advanced learners with a range of videos aimed at more experienced traders, though neither offers an extensive investor dictionary with trading terms.
When considering Plus500 and DooPrime based on education provisions for beginners, Plus500 receives a commendable education rating of 4.0 stars, matching DooPrime's score. In the broader context of broker rankings by ForexBrokers.com, DooPrime is slightly higher at #25, compared to Plus500's position at #31. Hence, while both platforms offer substantial educational resources, Plus500's extra features, such as frequent webinars and a searchable webinar archive, might provide a more enriched learning environment for new traders.
| Feature |
Plus500
|
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) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Plus500 is better than DooPrime. Plus500 finished with an overall rank of #14, while DooPrime finished with an overall rank of #28.
Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to a thorough selection of CFDs. Share trading is available, but only via its Plus500 Invest product offering.
| Feature |
Plus500
|
DooPrime
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 83 |
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While Plus500 provides the option to trade cryptocurrency derivatives but not the actual delivered cryptocurrency, DooPrime does not offer the ability to buy either actual or derivative cryptocurrency products.
Both Plus500 and DooPrime lack ACH or SEPA transfer options for deposits and withdrawals, yet both platforms support transactions via PayPal, Skrill, Visa, Mastercard, and bank wires, providing a robust selection of payment methods for users.
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 | Plus500 | DooPrime | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | Plus500 Review |
| Broker Screenshots | Plus500 | DooPrime | |
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| Regulation | Plus500 | DooPrime | |
|---|---|---|---|
| Trust Score | 99 | 83 | |
| Year Founded | 2008 | 2014 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 6 | 4 | |
| Tier-2 Licenses | 3 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | Plus500 | DooPrime | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | 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) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Plus500 | DooPrime | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Plus500 | DooPrime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 10000 | |
| Forex Pairs (Total) | 65 | 60 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | 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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | 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 | Plus500 | DooPrime | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.5 | N/A | |
| All-in Cost EUR/USD - Active | 1.5 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Plus500 | DooPrime | |
|---|---|---|---|
| Minimum Deposit | €100 | $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 | No | No |
| Trading Platforms | Plus500 | DooPrime | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Plus500 | DooPrime | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 10 | 7 | |
| Charting - Indicators / Studies (Total) | 114 | 30 | |
| Charting - Drawing Tools (Total) | 22 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Plus500 | 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 | 110 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Plus500 | DooPrime | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Plus500 | 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) | No | No |
| Major Forex Pairs | Plus500 | 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 | Plus500 Review |
| Overall | Plus500 | DooPrime | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | Plus500 Review |
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