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DooPrime vs TeleTrade 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is DooPrime better than TeleTrade? In our analysis of 23 international regulators across 39 of the best forex brokers, DooPrime is considered average-risk, with an overall Trust Score of 84 out of 99. TeleTrade is considered high-risk, with an overall Trust Score of 67 out of 99. Learn more about Trust Score.

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Overall RatingDooPrimeTeleTradeIG
Overall Rating4 Stars3.5 Stars5 Stars
Commissions & Fees3 Stars4 Stars5 Stars
Offering of Investments5 Stars3.5 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research4 Stars3.5 Stars5 Stars
Education4 Stars3 Stars5 Stars
Trust Score846799
Winnercheck_circle
ReviewIG Review
RegulationDooPrimeTeleTradeIG
Trust Score846799
Year Founded201419941974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Tier-1 Licenses207
Tier-2 Licenses012
Tier-3 Licenses201
Authorised in European UnionNoYesYes
About RegulationA โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)DooPrimeTeleTradeIG
ASIC Authorised (Australia)NoNoYes
IIROC Authorised (Canada)NoNoNo
SFC Authorised (Hong Kong)YesNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)YesNoYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)DooPrimeTeleTradeIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)NoYesNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)NoNoYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)NoNoYes
Tier-3 Licenses (Low Trust)DooPrimeTeleTradeIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)YesNoNo
VFSC Authorised (Vanuatu)YesNoNo
InvestmentsDooPrimeTeleTradeIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)1000050019537
Forex Pairs (Total)6061100
U.S. Stock Trading (Non CFD)YesNoYes
Int'l Stock Trading (Non CFD)YesNoYes
Social Trading / Copy TradingYesYesYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)NoYesYes
DisclaimersNote: 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).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).
CostDooPrimeTeleTradeIG
Average Spread EUR/USD - Standard-1-10.86 (September 2022)
All-in Cost EUR/USD - Active-1-10.5957 (September 2022)
Active Trader or VIP DiscountsNoYesYes
Execution: Agency BrokerYesNoYes
Execution: Market MakerYesYesYes
FundingDooPrimeTeleTradeIG
Minimum Initial Deposit$100$100ยฃ250.00
PayPal (Deposit/Withdraw)YesNoYes
Skrill (Deposit/Withdraw)YesYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsDooPrimeTeleTradeIG
Proprietary PlatformYesNoYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesYesNo
cTraderNoNoNo
DupliTradeNoNoNo
ZuluTradeNoYesNo
Trading ToolsDooPrimeTeleTradeIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields7714
Charting - Indicators / Studies (Total)303533
Charting - Drawing Tools (Total)151520
Charting - Trade From ChartYesYesYes
Charts can be savedYesYesYes
Mobile TradingDooPrimeTeleTradeIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingNoNoYes
Mobile Charting - Indicators / Studies303533
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveYesYesYes
Forex CalendarYesYesYes
ResearchDooPrimeTeleTradeIG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)YesYesYes
AutochartistNoNoYes
Trading Central (Recognia)YesNoNo
Social Sentiment - Currency PairsNoNoYes
Economic CalendarYesYesYes
EducationDooPrimeTeleTradeIG
Has Education - Forex or CFDsYesNoYes
Client WebinarsNoNoYes
Client Webinars (Archived)NoNoYes
Videos - Beginner Trading VideosYesNoYes
Videos - Advanced Trading VideosYesNoYes
Investor Dictionary (Glossary)NoNoYes
Major Forex PairsDooPrimeTeleTradeIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewIG Review
OverallDooPrimeTeleTradeIG
Overall Rating4 Stars3.5 Stars5 Stars
Commissions & Fees3 Stars4 Stars5 Stars
Offering of Investments5 Stars3.5 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research4 Stars3.5 Stars5 Stars
Education4 Stars3 Stars5 Stars
Trust Score846799
Winnercheck_circle
ReviewIG Review
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DooPrime vs TeleTrade 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 DooPrime vs TeleTrade.

Does DooPrime or TeleTrade 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, IG offers better pricing overall for traders.

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

Which trading platform is better: DooPrime or TeleTrade?

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

How many forex pairs and CFDs are available to trade?

TeleTrade provides traders 61 currency pairs (e.g., EUR/USD) compared to DooPrime's 60 available pairs. Forex pairs aside, DooPrime offers traders access to 10000 CFDs while TeleTrade has 500 available CFDs, a difference of 9500.

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 TeleTrade?

TeleTrade is not publicly traded and does not operate a bank. TeleTrade is authorised by zero tier-1 regulator (high trust), one tier-2 regulator (average trust), and zero tier-3 regulator (low trust).

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.

Is TeleTrade good?

TeleTrade is primarily a MetaTrader broker that is best known for its mobile analytics app. Holding just one regulatory license, TeleTrade's trust factor is well below than the industry average.

Overall winner: IG

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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