Written by ForexBrokers.com
In this head to head comparison of DooPrime vs Spreadex, 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.
When comparing the online brokerages DooPrime and Spreadex, there are several aspects to consider, particularly their founding years and Trust Score ratings. DooPrime launched in 2014, while Spreadex has been around since 1999. Neither company is publicly traded or operates as a bank. In terms of credibility, DooPrime holds a Trust Score of 83 on ForexBrokers.com, placing it in the trusted category. Meanwhile, Spreadex has a Trust Score of 71, classifying it as an average-risk broker.
Examining the regulatory credentials further, DooPrime stands out with four Tier-1 licenses, indicating a high level of trust according to ForexBrokers.com standards. Spreadex, on the other hand, has only one Tier-1 license and possesses no Tier-2 licenses, similar to DooPrime. These regulatory differences highlight DooPrime's potentially stronger trustworthiness in the eyes of those prioritizing regulatory standards.
| Feature |
DooPrime
|
Spreadex
|
|---|---|---|
| Year Founded | 2014 | 1999 |
| 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 | 0 |
Comparing the commissions and fees of online brokers DooPrime and Spreadex reveals distinct differences in their offerings for traders. DooPrime does not provide specific average spread data, which could make it challenging for potential users to gauge trading costs upfront. Despite this, DooPrime holds a rating of 3 stars in the commissions and fees category from ForexBrokers.com, ranking #59 out of 63 brokers. This ranking suggests room for improvement in their fee structure when compared to other brokers.
On the other hand, Spreadex offers more transparent pricing details, making it easier for traders to understand potential costs. In January 2024, Spreadex had an average spread of 0.81 pips for EUR/USD, with a minimum spread of 0.6 pips achieved 60% of the time. This consistency in competitive spreads contributes to their higher rating of 4 stars in commissions and fees. Additionally, Spreadex stands at #27 out of 63 brokers according to ForexBrokers.com, indicating a stronger position compared to DooPrime in offering competitive fees for trading.
Overall, Spreadex seems to provide a more appealing option in terms of cost-effectiveness and transparency for traders, as reflected in their higher score and mid-ranking position among brokers. The comparison highlights the importance of considering specific fee structures and star ratings when choosing an online broker for trading activities.
| Feature |
DooPrime
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | N/A | 0.81 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing DooPrime and Spreadex, both online brokers offer a strikingly similar range of investments, yet they distinguish themselves through specific features. DooPrime provides access to 10,000 tradeable symbols and supports trading 60 forex pairs as CFDs or spot contracts, while Spreadex offers the same number of overall symbols but with 52 forex pairs available. Although both brokers enable CFD trading of forex, DooPrime stands out with its provision of exchange-traded securities on both U.S. and international exchanges, such as purchasing Apple shares from the NASDAQ or Vodafone shares from the London Stock Exchange. In contrast, Spreadex does not offer these opportunities.
Both brokers earn a robust 5-star rating for their range of investments, with DooPrime edging out slightly in ForexBrokers.com rankings at #12 compared to Spreadex's #13. Additionally, DooPrime supports copy trading, enhancing its appeal for those interested in mimicking the strategies of experienced traders. On the other hand, Spreadex shines in offering cryptocurrency derivatives, a feature absent in DooPrime. Neither of the brokers offers the purchase of actual cryptocurrencies. Ultimately, while both platforms receive high praise for their investment range, the slight differences in services and features may dictate user preferences based on individual trading needs.
| Feature |
DooPrime
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 10000 |
| 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 (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.
When choosing between DooPrime and Spreadex for your trading needs, both brokers provide a range of useful trading platforms and tools ideal for different types of traders. DooPrime and Spreadex both offer free virtual demo accounts, which are excellent for beginners to practice and hone their skills without any financial risk. While both brokers have developed their proprietary platforms, DooPrime goes an extra mile with a Windows-based desktop trading platform, which Spreadex lacks. For traders preferring browser-based trading, both brokers have you covered with web-based platforms. Moreover, copy trading — a popular feature among many traders — is supported by DooPrime but not by Spreadex.
When it comes to advanced charting tools, DooPrime offers an edge with access to 15 drawing tools compared to Spreadex's 11. Both allow trading directly from stock charts, providing a seamless trading experience. Watch list customization is slightly more expansive on Spreadex, offering eight fields compared to DooPrime's seven. MetaTrader enthusiasts will find DooPrime more accommodating, with support for both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are not available on Spreadex. Both brokers receive a commendable four-star rating for their trading platforms and tools, although DooPrime is ranked higher at 25th place, while Spreadex stands at 46th among 63 brokers, as per ForexBrokers.com. This ranking showcases DooPrime's advantageous offering for serious traders seeking versatile trading toolsets.
| Feature |
DooPrime
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| 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 |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 58 |
| Charting - Drawing Tools (Total) | 15 | 11 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both DooPrime and Spreadex provide mobile trading apps that are compatible with iPhone and Android devices, allowing users to conveniently trade on the go. They both offer essential features like stock and forex price alerts and the capability to create watchlists with real-time quotes. However, when it comes to charting features, DooPrime offers a more detailed experience with 30 technical studies available, as well as the ability to draw trendlines, view various time frames, and auto-save chart drawings. In contrast, while Spreadex also allows drawing trendlines and viewing different time frames, it doesn't support the auto-saving of these drawings, and the app's charting tools lack some advanced features provided by DooPrime.
Despite these differences, both apps maintain a solid reputation, each receiving a 4-star rating for mobile trading. However, user rankings show a noticeable gap in overall satisfaction, with DooPrime sitting at #25 compared to Spreadex's #46 in the Mobile Trading Apps category as ranked by ForexBrokers.com. If syncing watchlists across devices is important to you, neither platform supports this function. Users may still find DooPrime's offering more attractive for its more comprehensive charting capabilities and better user ranking.
| Feature |
DooPrime
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | 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 |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
In comparing the market research offerings of DooPrime and Spreadex, both platforms provide daily market commentary, keeping traders informed with timely insights into market movements. They also supply forex news from top-tier sources such as Bloomberg and Reuters, ensuring access to reputable and reliable information. A key difference lies in their tools for technical analysis; DooPrime collaborates with Trading Central to offer enhanced technical analytics, while Spreadex partners with Autochartist to deliver distinct analysis features. Furthermore, Spreadex includes a sentiment-based tool that displays the ratio of long and short positions, an aspect lacking in DooPrime's suite of features.
Both brokers offer an economic calendar to help traders stay updated on global events impacting markets. However, neither provides market research from TipRanks or research tools from Acuity Trading. Despite these similarities and differences in their offerings, both DooPrime and Spreadex receive a commendable four-star rating for research. In the competitive realm of 63 brokers, DooPrime holds a slightly higher rank at #29, compared to Spreadex, which is positioned at #31, underscoring their slight edge in research capabilities.
| Feature |
DooPrime
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both DooPrime and Spreadex provide a solid foundation by offering a substantial collection of materials focused on forex and CFD trading. Each platform supplies over ten educational pieces, including articles and videos, ensuring that newcomers have ample content to start learning. Moreover, both brokers cater to beginners with a selection of over ten beginner-focused trading videos, making it easy for new traders to find content relevant to their learning stage.
Despite the similarities, there are notable differences that may sway a beginner trader's choice. DooPrime goes a step further by offering advanced educational videos for more experienced traders, while Spreadex does not. On the other hand, Spreadex offers a helpful investor dictionary with more than 50 investing term definitions, enhancing the learning experience with valuable terminology explanations not found on DooPrime. While both platforms are rated four stars for educational offerings, DooPrime is ranked higher (#25) in the Education category compared to Spreadex (#45), according to ForexBrokers.com, suggesting a slight edge in their educational approach.
| Feature |
DooPrime
|
Spreadex
|
|---|---|---|
| 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 |
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 Spreadex. DooPrime finished with an overall rank of #28, while Spreadex finished with an overall rank of #39.
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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Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 71 |
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When comparing online brokers DooPrime and Spreadex, neither platform offers the option to purchase actual (delivered) cryptocurrency, but while DooPrime also lacks cryptocurrency derivatives, Spreadex provides the capability to trade in cryptocurrency derivatives.
While both DooPrime and Spreadex offer Visa, Mastercard, and bank wire options for depositing and withdrawing funds, DooPrime additionally accepts PayPal and Skrill, whereas Spreadex does not support these e-wallet services, and neither platform supports 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 | DooPrime | Spreadex | |
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| Trust Score | 83 | 71 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
| Broker Screenshots | DooPrime | Spreadex | |
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| Trading Platforms Gallery (click to expand) | |||
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| Research Gallery (click to expand) | |||
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| Regulation | DooPrime | Spreadex | |
|---|---|---|---|
| Trust Score | 83 | 71 | |
| Year Founded | 2014 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 0 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | Spreadex | |
|---|---|---|---|
| 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 | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | DooPrime | Spreadex | |
|---|---|---|---|
| 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 | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 10000 | |
| 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 (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 | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 0.81 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | Spreadex | |
|---|---|---|---|
| Minimum 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 | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | DooPrime | Spreadex | |
|---|---|---|---|
| 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 Tools | DooPrime | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 8 | |
| Charting - Indicators / Studies (Total) | 30 | 58 | |
| Charting - Drawing Tools (Total) | 15 | 11 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | DooPrime | Spreadex | |
|---|---|---|---|
| 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 | |
| Mobile Economic Calendar | Yes | Yes |
| Research | DooPrime | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | Spreadex | |
|---|---|---|---|
| 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 Pairs | DooPrime | Spreadex | |
|---|---|---|---|
| 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 | Spreadex Review |
| Overall | DooPrime | Spreadex | |
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| Trust Score | 83 | 71 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
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