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DooPrime vs Spreadex 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is DooPrime better than Spreadex? In our analysis of 23 international regulators across 62 of the best forex brokers, DooPrime is considered average-risk, with an overall Trust Score of 84 out of 99. Spreadex is considered average-risk, with an overall Trust Score of 70 out of 99. Learn more about Trust Score.

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Overall RatingDooPrimeSpreadex
Overall Rating 4/5 Stars 4/5 Stars
Commissions & Fees 3/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 4/5 Stars
Platform & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score 84 70
Winner check_circle
Review
RegulationDooPrimeSpreadex
Trust Score 84 70
Year Founded 2014 1999
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union No info No info
Tier-1 Licenses 2 1
Tier-2 Licenses 0 0
Tier-3 Licenses 2 0
Tier-1 Licenses (High Trust)DooPrimeSpreadex
ASIC Authorised (Australia) No No
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) Yes No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes Yes
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)DooPrimeSpreadex
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) No No
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)DooPrimeSpreadex
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) Yes No
VFSC Authorised (Vanuatu) Yes No
InvestmentsDooPrimeSpreadex
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 10000 2000
Forex Pairs (Total) 60 52
U.S. Stock Trading (Non CFD) Yes No
Int'l Stock Trading (Non CFD) Yes No
Social Trading / Copy Trading Yes No
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) 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).
CostDooPrimeSpreadex
Average Spread EUR/USD - Standard -1 -1
All-in Cost EUR/USD - Active -1 -1
Active Trader or VIP Discounts No No
Execution: Agency Broker Yes No
Execution: Market Maker Yes Yes
FundingDooPrimeSpreadex
Minimum Initial Deposit $100 $0
PayPal (Deposit/Withdraw) Yes No
Skrill (Deposit/Withdraw) Yes No
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsDooPrimeSpreadex
Proprietary Platform Yes Yes
Desktop Platform (Windows) Yes No
Web Platform Yes Yes
Social Trading / Copy Trading Yes No
MetaTrader 4 (MT4) Yes No
MetaTrader 5 (MT5) Yes No
cTrader No No
DupliTrade No No
ZuluTrade No No
Trading ToolsDooPrimeSpreadex
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 7
Charting - Indicators / Studies (Total) 30 55
Charting - Drawing Tools (Total) 15 10
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingDooPrimeSpreadex
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 N/A
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave Yes No
Forex Calendar Yes Yes
ResearchDooPrimeSpreadex
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Autochartist No No
Trading Central (Recognia) Yes No
Social Sentiment - Currency Pairs No No
Economic Calendar Yes Yes
EducationDooPrimeSpreadex
Has Education - Forex or CFDs Yes Yes
Client Webinars No No
Client Webinars (Archived) No No
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos Yes No
Investor Dictionary (Glossary) No Yes
Major Forex PairsDooPrimeSpreadex
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
OverallDooPrimeSpreadex
Overall Rating 4/5 Stars 4/5 Stars
Commissions & Fees 3/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 4/5 Stars
Platform & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score 84 70
Winner check_circle
Review
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DooPrime vs Spreadex Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare DooPrime vs Spreadex.

Does DooPrime or Spreadex offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Spreadex offers better pricing overall for traders.

Is DooPrime or Spreadex safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. DooPrime holds 2 global Tier-1 licenses, while Spreadex holds 1. Both DooPrime and Spreadex hold 0 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, DooPrime earned a higher Trust Score than Spreadex.

Which trading platform is better: DooPrime or Spreadex?

To compare the trading platforms of both DooPrime and Spreadex, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, DooPrime offers a better experience. With research, DooPrime offers superior market research. Finally, we found DooPrime to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

DooPrime provides traders 60 currency pairs (e.g., EUR/USD) compared to Spreadex's 52 available pairs. Forex pairs aside, DooPrime offers traders access to 10000 CFDs while Spreadex has 2000 available CFDs, a difference of 8000.

Can I trust DooPrime?

DooPrime is not publicly traded and does not operate a bank. DooPrime is authorised by three tier-1 regulator (high trust), one tier-2 regulators (average trust), and two tier-3 regulators (low trust). DooPrime is authorised by the following tier-1 regulators: Securities Futures Commission (SFC), Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC)

Can I trust Spreadex?

Spreadex is not publicly traded and does not operate a bank. Spreadex is authorised by one tier-1 regulator (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Spreadex is authorised by the following tier-1 regulator: Financial Conduct Authority (FCA).

Is DooPrime good?

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.

Is Spreadex good?

SpreadEx is an FCA-regulated broker in the UK, offering forex and CFDs, and is well known for its sports betting business, and proprietary web trading platforms. SpreadEx still has considerable room to improve, in key categories such as research and education, compared to the best forex brokers.

Overall winner: DooPrime

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