Written by ForexBrokers.com
In this head to head comparison of DooPrime vs Questrade, 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 stands out in the online brokerage landscape with a notable presence. It holds four Tier-1 licenses, which are highly regarded, reflecting a greater level of trust. With a ForexBrokers.com Trust Score of 83 out of 99, DooPrime is classified as a trusted broker. While not publicly traded or a banking institution, its regulatory adherence provides confidence, though it holds no Tier-2 licenses.
In comparison, Questrade has been serving customers since 2000, offering a seasoned experience in the market. It holds two Tier-1 licenses and scores an 86 on the ForexBrokers.com Trust Score, also placing it in the trusted category. Like DooPrime, Questrade is neither publicly traded nor a bank, and it similarly holds no Tier-2 licenses. Both brokers offer credible platforms for trading, with Questrade slightly edging ahead due to its higher trust score.
| Feature |
DooPrime
|
Questrade
|
|---|---|---|
| Year Founded | 2014 | 2000 |
| Publicly Traded (Listed) | ||
| Bank | ||
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 0 |
When comparing DooPrime and Questrade regarding commissions and fees, both online brokers offer unique points to consider. For DooPrime, specific average spread data isn't available, which might make it challenging for traders to predict potential costs accurately. However, it's important to note that DooPrime has been awarded a 3-star rating for commissions and fees, ranking #59 out of 63 brokers according to ForexBrokers.com.
In contrast, Questrade provides some transparency with its target spreads, notably listing the EUR/USD at a steep 1.9 pips. This rate is higher than the industry average, potentially leading to higher costs for frequent traders. Similar to DooPrime, Questrade also holds a 3-star rating for commissions and fees and a slightly better ranking at #58 out of 63 brokers in the ForexBrokers.com rankings.
| Feature |
DooPrime
|
Questrade
|
|---|---|---|
| Minimum Deposit | $100 | $250 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | ||
| ACH or SEPA Transfers | ||
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | 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 DooPrime and Questrade, both online brokers provide a solid selection tailored to the diverse needs of investors. DooPrime offers an impressive 10,000 tradeable symbols, overshadowing Questrade's offering of 641. However, in the realm of forex trading, Questrade holds a slight edge with 110 tradeable forex pairs compared to DooPrime's 60. Both brokers allow investors to trade exchange-traded securities on U.S. and international exchanges, allowing access to companies like Apple and Vodafone.
In terms of unique features, DooPrime provides copy trading services, while Questrade offers the ability to buy cryptocurrency derivatives. Despite these differences, both platforms are evenly rated with five stars for their range of investments. However, in rankings by ForexBrokers.com out of 63 brokers, Questrade slightly outranks DooPrime, taking the 11th spot compared to the 12th position held by DooPrime. This close competition underscores the strength and versatility each broker brings to potential investors seeking diverse trading opportunities.
| Feature |
DooPrime
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 641 |
| Forex Pairs (Total) | 60 | 110 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | |
| Cryptocurrency (Physical) | ||
| Cryptocurrency (Derivative) | 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing DooPrime and Questrade, both brokers stand out with versatile trading platforms and tools that cater to diverse trading preferences. DooPrime and Questrade each provide a proprietary platform developed in-house, and both offer the convenience of simulated trading through free virtual demo accounts. They support a Windows-based desktop platform and a web-based trading experience. However, when it comes to additional functionalities, DooPrime edges out with the inclusion of MetaTrader 4 (MT4) and MetaTrader 5 (MT5) in its lineup, as well as the availability of copy trading options. Meanwhile, Questrade is distinct with its integration of DupliTrade and excels in providing a greater number of drawing tools for charting, with 20 compared to DooPrime's 15.
Both brokers offer the ability to trade directly from stock charts, enhancing the user experience for traders who rely heavily on technical analysis. When it comes to customization, Questrade shines with a more extensive watch list offering of 52 columns compared to DooPrime's 7, allowing for tailored tracking of market data. In terms of ratings, both brokers earn a respectable 4 stars for their trading platforms and tools, though DooPrime holds a higher rank of #25 in the Trading Platforms and Tools category on ForexBrokers.com, surpassing Questrade's rank at #34. This detailed comparison highlights how each broker caters to different aspects of traders' needs, offering robust features to support diverse trading strategies.
| Feature |
DooPrime
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | |
| MetaTrader 4 (MT4) | Yes | |
| MetaTrader 5 (MT5) | Yes | |
| DupliTrade | Yes | |
| ZuluTrade | ||
| Charting - Indicators / Studies (Total) | 30 | 64 |
| Charting - Drawing Tools (Total) | 15 | 20 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 52 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both DooPrime and Questrade provide solid options for traders who use iPhones and Android devices. Each platform offers essential features such as stock and forex price alerts, the ability to draw trendlines, and viewing multiple time frames on charts. Both apps can create watchlists with real-time quotes, and any changes sync seamlessly with the user's online accounts. For traders who rely on technical analysis, DooPrime includes 30 technical studies in its app, while Questrade goes further with 64 studies, offering a more extensive toolkit for in-depth market analysis.
Both apps perform well in terms of user satisfaction, earning a rating of four out of five stars for mobile trading. However, when evaluated by ForexBrokers.com among 63 brokers, DooPrime stands out slightly by ranking #25, compared to Questrade's #34 ranking. Despite the different rankings, both apps offer competitive features for traders looking to manage their investments on the go. Ultimately, the choice between DooPrime and Questrade might come down to user preferences in charting tools and the availability of technical studies.
| Feature |
DooPrime
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 64 |
| 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.
When comparing the market research offerings of online brokers DooPrime and Questrade, DooPrime stands out for providing daily market commentary and forex news from top-tier sources like Bloomberg and Reuters. In contrast, Questrade does not offer daily market commentary or similar levels of top-tier forex news. Both brokers provide technical analysis tools from Trading Central, but only Questrade includes tools from Autochartist in its platform. Neither broker currently offers a sentiment-based trading tool showing long or short position ratios.
For those seeking additional research capabilities, Questrade offers market research from TipRanks, which is not available through DooPrime. Both brokers provide an economic calendar with global news events. The overall research offerings have earned DooPrime a research rating of 4 out of 5 stars, making it 29th among 63 brokers in the category, whereas Questrade holds a 3.5-star rating and ranks 51st. This comparison suggests that DooPrime may offer more comprehensive research tools for serious traders, while Questrade suits those who prioritize specific technical analysis functionalities.
| Feature |
DooPrime
|
Questrade
|
|---|---|---|
| Daily Market Commentary | Yes | |
| Forex News (Top-Tier Sources) | Yes | |
| Autochartist | Yes | |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | ||
| TipRanks | Yes | |
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners seeking educational resources, both DooPrime and Questrade provide comprehensive tools to initiate trading in forex or CFDs. Each platform offers over ten educational pieces, including articles, videos, and archived webinars focused on forex or CFDs, catering to novice traders. Specifically, each broker supports beginners with at least ten trading videos tailored for those new to investing. While Questrade provides a searchable archive of recorded webinars, this feature is not mentioned for DooPrime, highlighting a small distinction in resources offered between the two.
Looking into educational content for more advanced traders, DooPrime delivers with over ten advanced trading videos, an area where Questrade underprovides. When ranked by ForexBrokers.com, DooPrime takes the #25 spot out of 63 brokers in the Education category, scoring slightly higher in educational quality than Questrade, which ranks at #36. Overall, DooPrime receives a 4-star rating for education, outpacing Questrade's 3.5-star rating, providing an edge in educational offerings for those eager to deepen their trading knowledge.
| Feature |
DooPrime
|
Questrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | ||
| Client Webinars (Archived) | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | |
| Investor Dictionary (Glossary) |
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 Questrade. DooPrime finished with an overall rank of #28, while Questrade finished with an overall rank of #32.
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
|
Questrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 86 |
| Range of Investments |
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While DooPrime does not provide the option to purchase actual delivered cryptocurrency or cryptocurrency derivatives, Questrade stands out by offering the ability to buy cryptocurrency derivatives, catering to investors seeking exposure without owning the actual asset.
When comparing online brokers, DooPrime and Questrade both support Visa, Mastercard, and bank wire transactions for deposits and withdrawals, but DooPrime further distinguishes itself by offering PayPal and Skrill as additional options, while neither broker provides ACH or SEPA transfer options.
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 | Questrade | |
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| Trust Score | 83 | 86 | |
| Winner | check_circle | ||
| Review | Questrade Review |
| Broker Screenshots | DooPrime | Questrade | |
|---|---|---|---|
| Broker Gallery (click to expand) |
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| Regulation | DooPrime | Questrade | |
|---|---|---|---|
| Trust Score | 83 | 86 | |
| Year Founded | 2014 | 2000 | |
| Publicly Traded (Listed) | |||
| Bank | |||
| Regulated in one or more EU or EEA countries (MiFID). | |||
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 0 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | |||
| Canada (CIRO Authorised) | Yes | ||
| Hong Kong (SFC Authorised) | Yes | ||
| Japan (SFC Authorised) | |||
| Singapore (MAS Authorised) | |||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | ||
| USA (CFTC Authorized) | |||
| New Zealand (FMA Authorised) | |||
| Regulated in one or more EU or EEA countries (MiFID). |
| Tier-2 Licenses (Trusted) | DooPrime | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | |||
| South Africa (FSCA Authorised) | |||
| UAE (DFSA/Central Bank Authorised) | |||
| India (SEBI Authorised) | |||
| Jordan (JSC Authorised) |
| Investments | DooPrime | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 641 | |
| Forex Pairs (Total) | 60 | 110 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | ||
| Cryptocurrency (Physical) | |||
| Cryptocurrency (Derivative) | 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). |
| Cost | DooPrime | Questrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | |||
| Inactivity Fee | |||
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes |
| Funding | DooPrime | Questrade | |
|---|---|---|---|
| Minimum Deposit | $100 | $250 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers |
| Trading Platforms | DooPrime | Questrade | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | ||
| MetaTrader 4 (MT4) | Yes | ||
| MetaTrader 5 (MT5) | Yes | ||
| cTrader | |||
| DupliTrade | Yes | ||
| ZuluTrade |
| Trading Tools | DooPrime | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 52 | |
| Charting - Indicators / Studies (Total) | 30 | 64 | |
| Charting - Drawing Tools (Total) | 15 | 20 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | DooPrime | Questrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | ||
| Mobile Charting - Indicators / Studies | 30 | 64 | |
| 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 | Questrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | ||
| Forex News (Top-Tier Sources) | Yes | ||
| Autochartist | Yes | ||
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | ||
| Social Sentiment - Currency Pairs | |||
| Economic Calendar | Yes | Yes |
| Education | DooPrime | Questrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | |||
| Client Webinars (Archived) | Yes | ||
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | ||
| Investor Dictionary (Glossary) |
| Major Forex Pairs | DooPrime | Questrade | |
|---|---|---|---|
| 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 | Questrade Review |
| Overall | DooPrime | Questrade | |
|---|---|---|---|
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| Trust Score | 83 | 86 | |
| Winner | check_circle | ||
| Review | Questrade Review |
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