Written by ForexBrokers.com
In this head to head comparison of Swissquote 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.
Swissquote, founded in 1996, is a well-established online broker that stands out due to its position as a publicly traded bank. It boasts a stellar reputation for trustworthiness, securing the highest trust score of 99 from ForexBrokers.com. This broker holds five Tier-1 licenses, which are regarded as highly trustworthy, along with two Tier-2 licenses considered trusted. These credentials underline Swissquote's strong regulatory framework and financial stability, making it a highly trusted choice for traders seeking reliability and peace of mind.
In contrast, DooPrime, which entered the online brokerage scene in 2014, is not publicly traded and does not operate as a bank. While it holds four Tier-1 licenses indicating a good level of trust, the absence of Tier-2 licenses points to fewer trusted industry endorsements. DooPrime's trust score of 83 places it in the trusted category, yet it trails behind Swissquote when it comes to regulatory reliability. Despite this, DooPrime remains a viable broker for many traders, particularly those looking for newer market participants with a solid trust rating.
| Feature |
Swissquote
|
DooPrime
|
|---|---|---|
| Year Founded | 1996 | 2014 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 4 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 3 |
When comparing the commissions and fees between Swissquote and DooPrime, it's clear that both brokers offer distinct pricing structures, though neither ranks at the top in terms of cost-effectiveness. Swissquote, with a rating of 3.5 stars, ranks 53rd out of 63 brokers on ForexBrokers.com in the Commissions and Fees category. Its appeal largely stems from the prestige of having a Swiss banking affiliation, which results in higher fees. While Swissquote's U.K. branch offers the lowest cost structure among its branches, traders must still consider factors like deposit requirements and spreads that can exceed the industry average.
In comparison, DooPrime, rated 3 stars and ranked 59th by ForexBrokers.com, provides a competitive alternative but lacks the comprehensive spread data needed for a detailed cost analysis. Without averaged spread data available, DooPrime's pricing transparency is slightly limited, impacting its attractiveness to traders focused on minimizing trading fees.
Ultimately, Swissquote may appeal to traders who value stability and are willing to shoulder slightly higher costs for the Swiss brand, especially if working with its U.K. branch for lower expenses. Meanwhile, DooPrime serves as a potential option for those exploring other offshore alternatives, although the lack of average spread data might affect informed decision-making regarding their true cost-effectiveness.
| Feature |
Swissquote
|
DooPrime
|
|---|---|---|
| Minimum Deposit | $1000 | $100 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| 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 Swissquote and DooPrime, both online brokers offer competitive investment options, but with some differences. Swissquote provides a broad selection of 472 tradeable symbols, with a notable 80 forex pairs available for trading as either CFDs or spot contracts. Additionally, Swissquote allows investors to engage in spot cryptocurrency trading, giving them the option to buy the actual digital currency. This broker is also renowned for its access to exchange-traded securities on both U.S. and international exchanges, allowing clients to invest in individual stocks like Apple and Vodafone. Swissquote further enhances its investment platform by offering cryptocurrency derivatives and a copy trading feature.
On the other hand, DooPrime offers an extensive array of 10,000 tradeable symbols, which includes 60 forex pairs available as CFDs or spot contracts. Like Swissquote, DooPrime provides access to exchange-traded securities on major exchanges, allowing for the purchase of stocks like Apple and Vodafone. Moreover, clients can benefit from a copy trading feature, making it easier to follow and replicate successful trading strategies. Where DooPrime differentiates itself is in its expansive range of symbols, although it doesn't offer the option to buy actual or derivative cryptocurrencies. Both brokers are highly rated for their range of investments, each earning five stars, but Swissquote holds a slightly higher industry ranking at #2 compared to DooPrime's #12.
| Feature |
Swissquote
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 10000 |
| Forex Pairs (Total) | 80 | 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) | Yes | 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 the trading platforms and tools offered by Swissquote and DooPrime, both brokers provide a range of features designed to enhance the trading experience. Swissquote and DooPrime each offer free virtual demo accounts, allowing users to practice trading without financial risk. Both firms have developed their own in-house trading platforms and also support popular third-party platforms like MetaTrader 4 and MetaTrader 5. For those who prefer flexibility, both brokers offer Windows-based desktop applications and web-based trading platforms. In addition, copy trading is supported by both Swissquote and DooPrime, but neither offers DupliTrade or ZuluTrade integration.
Diving into more detailed features, there are notable differences in tools and customization options. Swissquote sets itself apart with the availability of 75 drawing tools for charting, in contrast to DooPrime’s 15 tools. Moreover, Swissquote offers more watch list customization with 11 columns compared to DooPrime's 7. Both brokers do facilitate trading directly from stock charts, providing convenience for active traders. In terms of service ratings, Swissquote scores higher at 4.5 stars for trading platforms and tools, while DooPrime is rated at 4 stars. According to ForexBrokers.com, Swissquote ranks 12th out of 63 brokers, whereas DooPrime places 25th, showcasing Swissquote's slight edge in this category.
| Feature |
Swissquote
|
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) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 86 | 30 |
| Charting - Drawing Tools (Total) | 75 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps offered by Swissquote and DooPrime, both provide comprehensive features that cater to traders on the move. Both brokers support iPhone and Android apps, complete with essential functionalities such as stock and forex price alerts and the ability to create watchlists with real-time quotes. Traders can enjoy charting features, including the ability to draw trendlines and view multiple time frames on the charts. Additionally, drawings on stock or forex charts are auto-saved, providing convenience and ease of use across both platforms. With these core similarities, both Swissquote and DooPrime meet the fundamental needs of mobile trading.
However, there are subtle differences in user experience that may influence trader preference. While both apps provide an equal number of 30 technical studies for charting, Swissquote has a slight edge in user ratings and industry rankings. Swissquote is rated 4.5 stars for its app, compared to DooPrime’s 4 stars, and holds the 12th position out of 63 brokers in the Mobile Trading Apps category by ForexBrokers.com, whereas DooPrime is ranked 25th. Neither app currently supports watchlist symbol syncing between the mobile app and online account, which could be a consideration for traders who frequently switch between their devices and desktops.
| Feature |
Swissquote
|
DooPrime
|
|---|---|---|
| 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.
Swissquote and DooPrime both provide robust resources for market research, catering to both seasoned traders and newcomers. Both platforms offer daily market commentary and news from top-tier sources like Bloomberg and Reuters, ensuring traders stay informed with the latest updates. While Swissquote provides Autochartist tools for technical analysis, DooPrime lacks this particular feature. On the other hand, DooPrime offers tools from Trading Central, which Swissquote does not. Despite offering varied sets of tools, neither broker includes sentiment-based trading tools, TipRanks research, or Acuity Trading resources, such as Signal Centre. Both brokers support traders with economic calendars that display important global news events.
In terms of customer ratings for research quality, both Swissquote and DooPrime hold solid four-star ratings. However, based on rankings from ForexBrokers.com, Swissquote edges ahead in the research category, placing 16th out of 63 brokers, while DooPrime comes in at 29th. For traders focusing on the tools and insights they can access, the choice between Swissquote and DooPrime hinges on the specific features and rankings that align best with their trading strategies and preferences.
| Feature |
Swissquote
|
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 | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners at Swissquote and DooPrime, both brokers provide a substantial amount of educational content on Forex and CFDs, ensuring access to over ten articles, videos, and webinars on these topics. Swissquote, however, distinguishes itself by hosting online webinars each month and giving clients access to a searchable archive of past sessions, which DooPrime does not offer. This makes Swissquote particularly appealing for learners who value live learning sessions and the flexibility to revisit them at their convenience.
Both Swissquote and DooPrime cater to both beginner and experienced traders with at least ten beginner-focused and ten advanced educational videos. However, Swissquote offers the added benefit of an investor dictionary, providing clear definitions for over 50 investing terms, which DooPrime lacks. While both brokers are recognized for their educational efforts with a four-star rating, Swissquote slightly edges out DooPrime with a higher educational ranking from ForexBrokers.com, placed at 21st compared to DooPrime's 25th out of 63 brokers evaluated.
| Feature |
Swissquote
|
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 Swissquote is better than DooPrime. Swissquote finished with an overall rank of #11, while DooPrime finished with an overall rank of #28.
Traders choose Swissquote for its quality research and vast multi-asset offering – as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.
| Feature |
Swissquote
|
DooPrime
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 83 |
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Swissquote provides the ability to purchase both actual delivered cryptocurrency and cryptocurrency derivatives, while DooPrime does not offer the purchase of actual delivered cryptocurrency or cryptocurrency derivatives.
Swissquote and DooPrime both support PayPal, Skrill, Visa, Mastercard, and bank wire transfers for account transactions, but only Swissquote offers additional options with ACH or SEPA transfers, enhancing its flexibility when it comes to funding accounts or withdrawing funds.
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 | Swissquote | DooPrime | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | Swissquote Review |
| Broker Screenshots | Swissquote | DooPrime | |
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| Regulation | Swissquote | DooPrime | |
|---|---|---|---|
| Trust Score | 99 | 83 | |
| Year Founded | 1996 | 2014 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 5 | 4 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 3 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | DooPrime | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | Yes | |
| Japan (SFC Authorised) | No | 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) | Swissquote | DooPrime | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Swissquote | DooPrime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 10000 | |
| Forex Pairs (Total) | 80 | 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) | Yes | 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 | Swissquote | DooPrime | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Swissquote | DooPrime | |
|---|---|---|---|
| Minimum Deposit | $1000 | $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 | Yes | No |
| Trading Platforms | Swissquote | DooPrime | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| 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 | Swissquote | DooPrime | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 86 | 30 | |
| Charting - Drawing Tools (Total) | 75 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | DooPrime | |
|---|---|---|---|
| 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 | Swissquote | 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 | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | 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 | Swissquote | 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 | Swissquote Review |
| Overall | Swissquote | DooPrime | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | Swissquote Review |
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