Written by ForexBrokers.com
In this head to head comparison of Saxo 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.
Saxo and DooPrime are both online brokers that are not publicly traded on any stock exchange. Saxo, founded in 1992, operates as a bank, while DooPrime, established in 2014, does not. When it comes to regulatory standing, Saxo excels in trustworthiness with a ForexBrokers.com Trust Score of 99 out of 99, placing it in the highly trusted category. In contrast, DooPrime holds a Trust Score of 83, making it a trusted broker but with a slightly lower level of assurance compared to Saxo.
Regarding licensing, Saxo holds seven Tier-1 licenses and one Tier-2 license, bolstering its trust reputation. Meanwhile, DooPrime holds four Tier-1 licenses but lacks any Tier-2 licenses. This makes Saxo a preferred choice for those prioritizing high trust and extensive regulatory backing in their online trading activities. Saxo's long-standing presence in the market and its status as a bank further enhance its appeal for investors seeking reliable and secure trading platforms.
| Feature |
Saxo
|
DooPrime
|
|---|---|---|
| Year Founded | 1992 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 4 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 3 |
Saxo stands out with competitive pricing, especially for active and high-volume traders or those who can maintain large account balances. The pricing structure includes the Classic, Platinum, and VIP accounts, with EUR/USD spreads averaging 1.1, 1.0, and 0.9 pips, respectively, as of November 2023. While the Classic account's pricing is slightly above the industry average, the Platinum and VIP accounts align closely with standard market prices. Additionally, Saxo waives custody fees on share trading for clients who participate in securities lending. Saxo boasts a five-star rating and is ranked #9 out of 63 brokers for commissions and fees by ForexBrokers.com.
DooPrime, on the other hand, has a less detailed commission and fees structure available, as average spread data is not provided. Despite this, DooPrime offers its services with a three-star rating in the commissions and fees category and is ranked #59 out of 63 brokers, according to ForexBrokers.com. This suggests that while DooPrime may offer a viable platform for some users, it might not provide the same cost-effectiveness as Saxo, especially for frequent traders concerned with long-term fee savings.
In conclusion, while both Saxo and DooPrime cater to different trader needs, Saxo is highly rated for its comprehensive pricing options, competitive spreads, and lack of commissions for certain account holders. The absence of commission charges on forex trading, unless trading under 50,000 units per month, further adds to its appeal. Saxo's advanced account tiers, such as Platinum and VIP, offer the potential for significant savings and additional rewards through their loyalty program, enhancing its attractiveness to elite and frequent traders. Meanwhile, DooPrime, despite having less favorable rankings, remains an option for traders not primarily driven by cost considerations.
| Feature |
Saxo
|
DooPrime
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.1 | N/A |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Saxo and DooPrime, both online brokers provide a comprehensive range of investment options, making them strong contenders for investors. Saxo offers an impressive 70,000 tradable symbols, significantly more than DooPrime's 10,000. For those interested in forex trading, Saxo provides access to 190 tradable forex pairs, while DooPrime offers 60. Both brokers allow trading in forex as CFDs or spot contracts, and they also support trading of exchange-traded securities on U.S. and international exchanges, enabling clients to invest in companies such as Apple and Vodafone.
Additionally, both Saxo and DooPrime offer copy trading functionalities, which appeal to investors looking to mirror the strategies of experienced traders. However, when it comes to cryptocurrency, Saxo offers cryptocurrency derivatives while not providing actual cryptocurrency trading, whereas DooPrime does not offer derivatives. Remarkably, both brokers have received a five-star rating for their range of investments, with Saxo being ranked #3 and DooPrime #12 in this category by ForexBrokers.com among 63 brokers, highlighting their strong positions in the market.
| Feature |
Saxo
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 10000 |
| Forex Pairs (Total) | 190 | 60 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | 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.
When comparing Saxo and DooPrime in terms of their trading platforms and tools, both brokers offer a comprehensive selection yet differ in some key areas. Saxo and DooPrime both provide users with simulated trading options through free virtual demo accounts, proprietary platforms developed in-house, as well as Windows-based desktop and web-based trading platforms. Additionally, they both support copy trading and permit trading directly from stock charts. However, DooPrime has a significant advantage for users who prefer using MetaTrader, as it offers both the MT4 and MT5 platforms, whereas Saxo does not support either.
When diving into the specifics of platform features, Saxo excels in providing a rich set of tools. It offers 20 drawing tools for charting compared to DooPrime's 15, and an extensive watchlist capability with 60 columns compared to DooPrime's 7. These distinctions contribute to Saxo's higher user rating of five stars for Trading Platforms and Tools, placing it at the top rank on ForexBrokers.com among 63 brokers. In contrast, DooPrime holds a respectable four-star rating, coming in at the 25th position in the same category. Saxo's impressive toolset and top-tier platform features clearly make it a strong choice for traders prioritizing advanced charting and detailed monitoring capabilities.
| Feature |
Saxo
|
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) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 64 | 30 |
| Charting - Drawing Tools (Total) | 20 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 60 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Saxo and DooPrime offer comprehensive options for iPhone and Android users. Both platforms support stock and forex price alerts, trendline drawing on charts, and viewing multiple time frames. However, Saxo stands out with a higher number of technical studies available—64 compared to DooPrime’s 30—and its ability to sync watchlist symbols between the mobile app and online accounts, a feature that DooPrime currently lacks.
Saxo's mobile app offers additional advantages with auto-saved chart drawings and the ability to create watchlists featuring real-time quotes, a feature also offered by DooPrime. This range of functionalities contributes to Saxo’s excellent reputation, earning a 5-star rating and ranking second out of 63 brokers for mobile trading apps by ForexBrokers.com. In contrast, DooPrime, while solidly rated at 4 stars, places lower in the rankings at 25th. Thus, for those seeking a technologically advanced and highly-rated mobile trading experience, Saxo appears to be the superior choice.
| Feature |
Saxo
|
DooPrime
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 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.
When comparing Saxo and DooPrime for market research, both online brokers excel in offering daily market commentary and reliable forex news from prestigious sources such as Bloomberg, Reuters, and Dow Jones. While Saxo provides access to technical analysis tools from Autochartist, DooPrime supplies its clients with Trading Central analytics. Saxo also distinguishes itself with a sentiment-based trading tool that helps traders gauge market positions across various instruments, a feature not available with DooPrime. Both platforms include economic calendars that track significant global events, aiding traders in making informed decisions.
While each broker has its strengths, Saxo stands out in the research category, earning a perfect 5-star rating and securing the top position out of 63 brokers on ForexBrokers.com. In contrast, DooPrime earns a respectable 4-star rating but ranks 29th. If you're seeking comprehensive market research tools and features, Saxo may offer a more enriched experience for traders wanting access to a wider range of resources. However, DooPrime still provides valuable insights, particularly through its partnership with Trading Central.
| Feature |
Saxo
|
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 | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When considering educational resources for beginners in forex or CFD trading, Saxo stands out compared to DooPrime. Both platforms provide a wealth of educational materials, including over 10 articles and videos focused on forex and CFDs. However, Saxo offers additional value with monthly online webinars, helping newcomers stay informed and engaged with the latest market updates. In contrast, DooPrime does not provide regular webinars, potentially limiting real-time learning opportunities.
For more self-directed learning, Saxo boasts a searchable archive of past client webinars, allowing users to revisit valuable content at their convenience, a feature absent from DooPrime's offerings. While both platforms deliver an array of beginner and advanced video tutorials, Saxo also provides an investor dictionary with over 50 terms, enhancing foundational understanding. Given these comprehensive resources, Saxo earns a top education rating of 5 stars and ranks 13th among 63 brokers, while DooPrime follows with 4 stars, placing 25th in the educational category.
| Feature |
Saxo
|
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 Saxo is better than DooPrime. Saxo finished with an overall rank of #3, while DooPrime finished with an overall rank of #28.
Saxo is an exclusive multi-asset broker with brilliant research and a superb trading platform experience – as well as a stunning selection of over 40,000 securities.
| Feature |
Saxo
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DooPrime
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|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 83 |
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While Saxo enables the purchase of cryptocurrency derivatives, neither Saxo nor DooPrime provide the option to buy actual (delivered) cryptocurrency, with DooPrime also lacking the capability to purchase cryptocurrency derivatives.
Comparing the online brokers Saxo and DooPrime reveals that both offer Visa, Mastercard, and bank wire options for depositing or withdrawing funds, but DooPrime additionally supports PayPal and Skrill while Saxo does not; neither broker offers ACH or SEPA transfers.
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 | Saxo | DooPrime | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | Saxo Review |
| Broker Screenshots | Saxo | DooPrime | |
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| Regulation | Saxo | DooPrime | |
|---|---|---|---|
| Trust Score | 99 | 83 | |
| Year Founded | 1992 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 4 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 3 |
| Tier-1 Licenses (Highly Trusted) | Saxo | DooPrime | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | Yes | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| 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) | Saxo | DooPrime | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| 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) | No | No |
| Investments | Saxo | DooPrime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 10000 | |
| Forex Pairs (Total) | 190 | 60 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | Saxo | DooPrime | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | N/A | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Saxo | DooPrime | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Saxo | DooPrime | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Saxo | DooPrime | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 60 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 30 | |
| Charting - Drawing Tools (Total) | 20 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | 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 | 64 | 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 | Saxo | DooPrime | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | 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 | Saxo | 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 | Saxo Review |
| Overall | Saxo | DooPrime | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | Saxo Review |
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