Written by ForexBrokers.com
In this head to head comparison of DooPrime vs RoboForex, 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.
DooPrime and RoboForex are both online brokers that offer trading services, yet they have notable differences in their establishment and regulatory standings. DooPrime, founded in 2014, and RoboForex, founded in 2009, are both private companies that are not publicly traded nor are they banks. When it comes to trust and regulatory compliance, DooPrime distinguishes itself by holding four Tier-1 licenses, a mark of high trust, while RoboForex holds one.
The trust score provided by ForexBrokers.com paints a further picture of reliability, with DooPrime scoring 83, placing it in the "trusted" category according to ForexBrokers.com standards. RoboForex, on the other hand, has a trust score of 73, categorizing it as an "average risk" broker. Though neither broker holds any Tier-2 licenses, which would be considered trusted, the number of Tier-1 licenses each holds highlights the level of trust each broker can command from traders looking for secure investment options.
| Feature |
DooPrime
|
RoboForex
|
|---|---|---|
| Year Founded | 2014 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 2 |
DooPrime and RoboForex, both online brokers, offer different experiences when it comes to commissions and fees. DooPrime has not made its average spread data available, making it a bit challenging for potential traders to gauge the exact costs they might incur. In terms of its standing, DooPrime receives a 3-star rating for commissions and fees, placing it at #59 out of 63 brokers according to ForexBrokers.com.
On the other hand, RoboForex provides more transparency with its fees, although the average spreads can be considered high. For the popular currency pair EUR/USD, the average spread is 1.3 pips on the Procent and Pro accounts. This could potentially add up for traders over time. Despite this, RoboForex fares slightly better in ranking, scoring a 3.5-star rating and securing the #55 spot out of 63 brokers on the same platform.
Both brokers have distinct pricing structures, and while RoboForex offers more clarity in terms of spreads, DooPrime's undisclosed average spread data leaves room for uncertainty. When choosing a broker, it's crucial to consider not just the ratings and rankings, but also the specific needs of your trading strategy, especially regarding transaction costs.
| Feature |
DooPrime
|
RoboForex
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | N/A | 1.3 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | Yes |
| 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 DooPrime and RoboForex for their investment offerings, both brokers provide forex trading as CFDs. However, DooPrime clearly outshines with 10,000 tradeable symbols, dwarfing RoboForex's 8,400. For forex enthusiasts, DooPrime offers 60 tradeable pairs, more than double the 28 available from RoboForex. Moreover, DooPrime provides access to exchange-traded securities on both U.S. and international exchanges, offering stocks like Apple and Vodafone. RoboForex, on the other hand, does not extend this capability to its clients.
Both brokers support copy trading, expanding options for those looking to follow seasoned traders. However, neither DooPrime nor RoboForex offer purchases of actual cryptocurrencies. RoboForex, though, provides cryptocurrency derivatives, unlike DooPrime. In terms of range of investments, DooPrime scores a full 5 stars and ranks 12th among 63 brokers on ForexBrokers.com, while RoboForex is close behind with 4.5 stars and a 20th-place ranking. This positions DooPrime as a slightly more comprehensive option for those looking at a wider array of investment choices.
| Feature |
DooPrime
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 8400 |
| Forex Pairs (Total) | 60 | 28 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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). |
Dive deeper: Best Copy Trading Platforms.
DooPrime and RoboForex both cater to traders seeking comprehensive platform options and advanced tools, each offering a free demo account for simulated trading. DooPrime stands out by featuring a proprietary trading platform that is developed in-house, while RoboForex relies on external platforms. Both brokers provide a Windows-based desktop download as well as a web-based trading platform, ensuring accessibility and convenience for their users. Additionally, traders at both brokers can take advantage of MetaTrader 4 and MetaTrader 5, along with robust copy trading features.
When it comes to technical analysis, DooPrime and RoboForex both offer an identical number of charting tools, providing 15 drawing tools each and the capability to trade directly from stock charts. For organizing market insights, both brokers offer watch lists with 7 columns. Their competitive offerings in trading platforms and tools have earned both DooPrime and RoboForex a rating of 4 out of 5 stars. However, in a comparison by ForexBrokers.com, DooPrime edges out RoboForex, ranking 25th among 63 brokers, while RoboForex is placed at 43rd.
| Feature |
DooPrime
|
RoboForex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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 | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both DooPrime and RoboForex have quite a bit to offer. Both brokers support iPhone and Android users, offering apps that provide essential trading features. Whether you're on DooPrime or RoboForex, you'll have access to stock and forex price alerts to stay updated on market movements. Both apps provide 30 technical studies for charting, offer drawing tools like trendlines, and support multiple time frames, such as daily, weekly, or intraday views. Users can also create watchlists with real-time quotes, though neither mobile app supports syncing these watchlists with online accounts.
The similarities between the two brokers extend to chart management features, with both apps capable of auto-saving your drawings, ensuring your technical analysis work isn't lost. Despite these shared features, there is a slight difference in their rankings and ratings. DooPrime holds a mobile trading app rating of four stars and is ranked 25th out of 63 brokers by ForexBrokers.com. Meanwhile, RoboForex also fairs well with a similar four-star rating, but it falls further down the list, securing the 43rd spot. Overall, both brokers provide solid mobile trading options, with DooPrime slightly outperforming RoboForex based on industry rankings.
| Feature |
DooPrime
|
RoboForex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | 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.
DooPrime and RoboForex both provide essential market research tools that cater to traders looking for daily market insights. Both brokers offer daily market commentary and furnish forex news from top-tier sources like Bloomberg and Reuters, ensuring traders have a solid foundation of information to make decisions. Furthermore, both platforms extend technical analysis tools from Trading Central, enhancing their research offerings. However, neither broker provides Autochartist tools nor sentiment-based trading tools. One distinguishing feature is RoboForex's inclusion of research tools from Acuity Trading, whereas DooPrime does not offer this.
Both brokers maintain economic calendars to keep traders informed about global news events. Despite RoboForex's additional resource from Acuity Trading, DooPrime boasts a marginally higher research rating of 4 stars compared to RoboForex's 3.5 stars. This slight edge is reflected in their research category rankings, with DooPrime positioned at #29 and RoboForex at #37 among 63 brokers assessed by ForexBrokers.com. These attributes make DooPrime a slightly more resourceful choice for traders prioritizing comprehensive market research tools.
| Feature |
DooPrime
|
RoboForex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational offerings for beginners from DooPrime and RoboForex, DooPrime stands out as a more comprehensive option. DooPrime provides a selection of over 10 educational materials, including articles and videos specifically focused on forex and CFDs, as well as over 10 videos specially designed for beginners. These resources make it easier for newcomers to grasp trading concepts. RoboForex, on the other hand, falls short in this area, lacking the same depth and quantity of beginner-focused educational materials. Neither broker offers monthly educational webinars or maintains a searchable archive of previous webinars, limiting access to interactive learning sessions.
DooPrime also surpasses RoboForex with its advanced video offerings, catering to both beginners and seasoned traders with over 10 advanced educational videos. Both brokers, however, do not provide an investor dictionary with definitions of investing terms, which could be beneficial for beginners seeking to familiarize themselves with trading jargon. Rated 4 stars for education, DooPrime ranks 25th out of 63 brokers, whereas RoboForex is rated 3.5 stars and ranks 56th. This ranking reflects DooPrime's superior commitment to investor education and resources, making it a preferable choice for those new to trading.
| Feature |
DooPrime
|
RoboForex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| 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 DooPrime is better than RoboForex. DooPrime finished with an overall rank of #28, while RoboForex finished with an overall rank of #46.
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
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RoboForex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 73 |
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Compared to DooPrime, which does not offer the ability to buy actual cryptocurrencies or cryptocurrency derivatives, RoboForex allows users to purchase cryptocurrency derivatives, though neither platform offers the purchase of actual delivered cryptocurrencies.
DooPrime provides payment options such as PayPal, Skrill, Visa, Mastercard, and bank wires, but it does not support ACH or SEPA transfers, whereas RoboForex offers a wider range of deposit and withdrawal methods, including ACH, SEPA transfers, PayPal, Skrill, Visa, Mastercard, and bank wires.
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 | RoboForex | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
| Review | RoboForex Review |
| Broker Screenshots | DooPrime | RoboForex | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | DooPrime | RoboForex | |
|---|---|---|---|
| Trust Score | 83 | 73 | |
| Year Founded | 2014 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 2 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | RoboForex | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | DooPrime | RoboForex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | DooPrime | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 8400 | |
| Forex Pairs (Total) | 60 | 28 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | RoboForex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.3 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | RoboForex | |
|---|---|---|---|
| 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 | Yes |
| Trading Platforms | DooPrime | RoboForex | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | DooPrime | RoboForex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | DooPrime | RoboForex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | 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 | DooPrime | RoboForex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | RoboForex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | DooPrime | RoboForex | |
|---|---|---|---|
| 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 | RoboForex Review |
| Overall | DooPrime | RoboForex | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
| Review | RoboForex Review |
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