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 | 2 | 3 |
When comparing Plus500 and DooPrime with regard to commissions and fees, Plus500 emerges as a slightly above-average choice. Although its pricing is higher than some top forex brokers, Plus500 does offer cash rebates for those who qualify as Professional clients. For April 2024, the average spread for the EUR/USD was 1.5 pips at Plus500, which is on the higher end compared to industry standards. Plus500 earns a 4.0-star rating for its commissions and fees from ForexBrokers.com.
DooPrime, on the other hand, lacks available data on average spreads, making it difficult to ascertain its exact standing in pricing. With a 3-star rating from ForexBrokers.com, DooPrime is positioned as a less favored choice compared to Plus500 when it comes to commissions and fees.
In terms of ranking, Plus500 is placed at #25 out of 63 brokers, indicating a solid mid-tier standing for its fee structure. Conversely, DooPrime is ranked #59, suggesting that its fees and commission offerings are not as competitive. When choosing between the two, Plus500 provides a more favorable option for traders mindful of costs.
| 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 comparing Plus500 and DooPrime for their variety of investment options, there's plenty to consider for potential investors. Both platforms allow forex trading through CFDs or spot contracts, yet Plus500 offers a broader selection of forex pairs with 65, just slightly edging out DooPrime's 60 pairs. When it comes to total tradeable symbols, DooPrime provides a substantial upper hand, offering 10,000 symbols compared to Plus500's 5,500. Both brokers offer the ability to purchase exchange-traded securities on U.S. and international exchanges, which means users can buy shares from prominent companies like Apple or Vodafone. A notable distinction is in cryptocurrency availability—Plus500 allows trading in cryptocurrency derivatives, whereas DooPrime does not support this option.
DooPrime takes the lead in copy trading options, a feature not available with Plus500, appealing to those interested in mimicking the successful trades of others. Although both platforms provide a comprehensive range of investment choices, Plus500 is rated at 4.5 stars for its range of investments, while DooPrime is awarded a full 5 stars. Furthermore, inrankings by ForexBrokers.com, DooPrime performs better, securing the 12th position out of 63 brokers, while Plus500 ranks at 24. Choosing between these platforms ultimately depends on individual trading preferences, with DooPrime standing out for a broader range of symbols and copy trading features. Conversely, Plus500 offers slightly more forex pairs and the ability to trade cryptocurrency 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 the trading platforms and tools of Plus500 and DooPrime, traders will find both brokers offer their own proprietary platforms, making them accessible for those who prefer unique trading experiences. While both brokers provide a user-friendly web-based trading interface, Plus500 does not offer a desktop version for Windows, whereas DooPrime does, which can be a deciding factor for some. Plus500 shines with a higher number of available drawing tools, offering 36 compared to DooPrime's 15, enhancing charting capabilities. However, DooPrime has a greater variety of platforms available, including MetaTrader 4 and MetaTrader 5, which are not available with Plus500, and there's also the option for copy trading through DooPrime.
In the realm of watch lists, Plus500 allows more customization with 10 fields, compared to 7 with DooPrime. Another edge for DooPrime is its functionality to trade directly from a stock chart, a feature Plus500 lacks. When it comes to industry ratings, Plus500 receives a slightly higher rating of 4.5 stars for its trading platforms and tools, while DooPrime earns 4 stars. According to ForexBrokers.com, Plus500 is ranked 14th out of 63 brokers in this category, indicative of its stronger platform offerings, while DooPrime lags at 25th place. Both brokers, however, offer the convenience of free virtual demo accounts, enabling users to practice and familiarize themselves with trading in a risk-free environment.
| 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) | 115 | 30 |
| Charting - Drawing Tools (Total) | 36 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 10 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing the mobile trading apps of Plus500 and DooPrime reveals some notable features and differences that could influence your trading experience. Both brokers offer iPhone and Android apps with stock and forex price alerts. Plus500 stands out with a feature that allows your watchlists to sync seamlessly between the mobile app and your online account, which is something DooPrime currently lacks. When it comes to technical studies available for charting, Plus500 offers a superior selection with 115 options compared to DooPrime's 30. Both apps allow you to draw trendlines and view multiple time frames on stock or forex charts to suit your trading strategy.
The experience varies further when it comes to saving chart drawings. DooPrime's app conveniently auto-saves your drawings, whereas Plus500 requires manual intervention. Both platforms support creating watchlists complete with real-time quotes to keep you updated with market conditions. When evaluated by industry experts, Plus500's mobile app receives a commendable 4.5-star rating and holds the 14th position out of 63 brokers according to ForexBrokers.com. In contrast, DooPrime's app garners a 4-star rating and ranks 25th. These distinctions may help you decide which app aligns best with your trading needs.
| 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 | 115 | 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.
Plus500 and DooPrime both offer daily market commentary, helping traders stay updated on market trends. However, when it comes to forex news, DooPrime takes the lead by providing insights from top-tier sources like Bloomberg and Reuters, which Plus500 does not offer. Traders looking for advanced research tools will find that both brokers include resources from Trading Central, but neither provides tools from Autochartist or Acuity Trading. One area where Plus500 stands out is its sentiment-based trading tool, showing the ratio of long and short positions, a feature DooPrime lacks. Both brokers offer an economic calendar to keep users informed of upcoming global news events, ensuring customers can time their trades effectively.
In terms of research quality, Plus500 is rated slightly higher with 4 stars compared to DooPrime's 4 stars for research. Among 63 brokers ranked by ForexBrokers.com, Plus500 holds the 19th position while DooPrime ranks at 29th. As traders evaluate which platform best suits their needs, this comparison emphasizes Plus500's strength in sentiment tools and DooPrime's access to top-tier forex news, allowing potential clients to make informed decisions based on their priorities for market research.
| 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.
When comparing Plus500 and DooPrime based on educational resources for beginners, both platforms offer a solid foundation with a variety of materials such as articles, videos, and archived webinars primarily focused on forex and CFDs. While each broker provides extensive educational content, Plus500 distinguishes itself by offering live online educational webinars each month, with archived versions available for easy access. This allows newcomers to engage with real-time learning and revisit sessions to solidify their understanding. In contrast, DooPrime does not provide live webinars or an archive of past sessions, which could limit opportunities for interactive learning and review.
Despite this difference, both Plus500 and DooPrime supply more than ten beginner-focused educational videos and the same number for advanced traders, catering to various experience levels. Neither broker offers an investor dictionary with definitions of investing terms, which might be a potential area for improvement. In terms of educational rankings and ratings, Plus500 earned a rating of 4.0 stars and holds the 31st spot among 63 brokers according to ForexBrokers.com. DooPrime, with the same rating, is ranked slightly higher at 25th, showcasing a competitive edge in educational offerings. Overall, Plus500's commitment to live webinars may appeal to beginners looking for an interactive learning experience.
| 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 63 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 | 2 | 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) | 115 | 30 | |
| Charting - Drawing Tools (Total) | 36 | 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 | 115 | 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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