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Swissquote vs DooPrime 2022

ForexBrokers.com

Written by ForexBrokers.com

Last updated August 25, 2022
Published July 15, 2022

Is Swissquote better than DooPrime? In our analysis of 23 international regulators across 39 brokers, Swissquote is considered low-risk, with an overall Trust Score of 99 out of 99. DooPrime is considered average-risk, with an overall Trust Score of 82 out of 99. Learn more about Trust Score.

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Overall Rating expand_moreexpand_less Swissquote DooPrime
Overall Rating
Commissions & Fees
Offering of Investments
Platform & Tools
Mobile Trading
Research
Education
Trust Score 99 84
Winner check_circle
Review Swissquote Review DooPrime Review
Regulation expand_moreexpand_less Swissquote DooPrime
Trust Score 99 84
Year Founded 1996 2014
Publicly Traded (Listed) Yes No
Bank Yes No
Tier-1 Licenses 4 2
Tier-2 Licenses 1 0
Tier-3 Licenses 0 2
Authorised in European Union Yes No
Tier-1 Licenses (High Trust) expand_moreexpand_less Swissquote DooPrime
ASIC Authorised (Australia) No No
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) Yes Yes
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) Yes No
FINMA Authorised (Switzerland) Yes No
FCA Authorised (U.K.) Yes Yes
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust) expand_moreexpand_less Swissquote DooPrime
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) No No
NSE 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) Yes No
Tier-3 Licenses (Low Trust) expand_moreexpand_less Swissquote DooPrime
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) No Yes
VFSC Authorised (Vanuatu) No Yes
Investments expand_moreexpand_less Swissquote DooPrime
Forex Trading Yes Yes
Trading - Forex or CFDs Yes Yes
Tradeable Symbols (Total) 466 10000
Forex Pairs (Total) 78 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 (CFD) No 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 expand_moreexpand_less Swissquote DooPrime
Average Spread EUR/USD - Standard N/A -1
All-in Cost EUR/USD - Active N/A -1
Active Trader or VIP Discounts Yes No
Execution: Agency Broker Yes Yes
Execution: Market Maker Yes Yes
Funding expand_moreexpand_less Swissquote DooPrime
Minimum Initial Deposit $1000 $100
Bank Wire (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
PayPal (Deposit/Withdraw) Yes Yes
Skrill (Deposit/Withdraw) Yes Yes
Trading Platforms expand_moreexpand_less 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 expand_moreexpand_less Swissquote DooPrime
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 7 7
Charting - Indicators / Studies (Total) 49 30
Charting - Drawing Tools (Total) 16 15
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile Trading expand_moreexpand_less 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
Forex Calendar Yes Yes
Research expand_moreexpand_less Swissquote DooPrime
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Autochartist Yes No
Trading Central (Recognia) Yes Yes
Social Sentiment - Currency Pairs No No
Economic Calendar Yes Yes
Education expand_moreexpand_less Swissquote DooPrime
Has 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 No Yes
Investor Dictionary (Glossary) Yes No
Major Forex Pairs expand_moreexpand_less 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 DooPrime Review
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Swissquote vs DooPrime Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Swissquote vs DooPrime.

Does Swissquote or DooPrime 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, Swissquote offers better pricing overall for traders.

Is Swissquote or DooPrime 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. Swissquote holds 4 global Tier-1 licenses, while DooPrime holds 2. Swissquote holds 1 global Tier-2 licenses, while DooPrime holds 0. In our analysis of 23 international regulators across 50 brokers, Swissquote earned a higher Trust Score than DooPrime.

Which trading platform is better: Swissquote or DooPrime?

To compare the trading platforms of both Swissquote and DooPrime, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Swissquote offers a better experience. With research, Swissquote offers superior market research. Finally, we found Swissquote 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. Both Swissquote and DooPrime offer MetaTrader 4 (MT4).Swissquote and DooPrime both offer copy trading.

How many forex pairs and CFDs are available to trade?

Swissquote provides traders 78 currency pairs (e.g., EUR/USD) compared to DooPrime's 60 available pairs. Forex pairs aside, DooPrime offers traders access to 10000 CFDs while Swissquote has 466 available CFDs, a difference of 9534.

Can I trust Swissquote?

Swissquote is a publicly traded company, operates a regulated bank, and is authorised by four tier-1 regulators (high trust), one tier-2 regulator (average trust), and no tier-3 regulators (low trust). Swissquote is authorised by the following tier-1 regulators: Securities Futures Commission (SFC), Monetary Authority of Sinagpore (MAS), Swiss Financial Market Supervisory Authority (FINMA), and the Financial Conduct Authority (FCA).

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)

Is Swissquote good?

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.

Is DooPrime good?

DooPrime is primarily a MetaTrader broker that offers both MT4 and MT5, along with several copy trading platforms and its own In Trade platform. DooPrime is regulated in the U.K., Vanuatu, and Mauritius, and provides nearly 10,000 trading symbols. It's worth noting that we could not obtain average spread data for DooPrime when evaluating trading costs.

Overall winner: Swissquote

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