Written by ForexBrokers.com
In this head to head comparison of ThinkMarkets 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.
ThinkMarkets, established in 2010, and DooPrime, founded in 2014, are both private online brokerage firms. Neither of them is publicly traded or operates as a bank. Based on ForexBrokers.com ratings, ThinkMarkets holds a high Trust Score of 92 out of 99, marking it as a highly trusted broker. Its regulatory framework is strengthened by five Tier-1 licenses and two Tier-2 licenses, setting it apart as a secure option for traders.
In contrast, DooPrime achieves a Trust Score of 83, placing it in the trusted category according to ForexBrokers.com standards. It holds four Tier-1 licenses but lacks Tier-2 licenses, providing a slightly lower regulatory stature compared to ThinkMarkets. While both brokers offer credible services, ThinkMarkets edges ahead in terms of trustworthiness and regulatory oversight.
| Feature |
ThinkMarkets
|
DooPrime
|
|---|---|---|
| Year Founded | 2010 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 5 | 4 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 3 |
When comparing the commissions and fees for online brokers, ThinkMarkets offers a more favorable environment for traders than DooPrime. With a rating of 4 out of 5 stars in this category, ThinkMarkets provides a competitive pricing structure that makes it a solid choice for both new and seasoned traders. Although specific average spread data isn't disclosed, ThinkMarkets is ranked at an impressive #47 out of 63 brokers by ForexBrokers.com, reflecting its strong position in the industry.
On the flip side, DooPrime receives a slightly lower rating of 3 out of 5 stars for its commission and fee structure. This broker is ranked #59 out of the same 63 brokers, suggesting that its trading costs might be higher or less competitive compared to others in the market. Like ThinkMarkets, DooPrime does not provide detailed average spread data, making it difficult for traders to estimate total trading costs at a glance.
Overall, if you're primarily focused on cost-efficiency, ThinkMarkets emerges as a more wallet-friendly option compared to DooPrime. The ranking and star ratings from ForexBrokers.com indicate that ThinkMarkets may offer better value for money for those sensitive to cost considerations in their trading activities.
| Feature |
ThinkMarkets
|
DooPrime
|
|---|---|---|
| Minimum Deposit | $50 | $100 |
| Average Spread EUR/USD - Standard | 1.1 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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.
ThinkMarkets and DooPrime both provide forex trading options as CFDs, accommodating traders who are interested in this dynamic market. While ThinkMarkets offers 4,000 tradeable symbols with 46 forex pairs, DooPrime stands out with a more extensive selection, providing access to 10,000 symbols and 60 forex pairs. Neither broker supports the purchase of actual cryptocurrencies, though ThinkMarkets does offer cryptocurrency derivatives which DooPrime does not. This gives cryptocurrency traders using ThinkMarkets a broader range of speculative options than those with DooPrime.
When considering exchange-traded securities, a notable difference emerges. DooPrime allows direct investment in U.S. stocks like Apple, while ThinkMarkets does not provide this service on U.S. exchanges. Both brokers, however, facilitate trading on international markets such as the London Stock Exchange. Both ThinkMarkets and DooPrime support copy trading options to help investors mirror successful strategies. Ultimately, both brokers offer varied investment opportunities, but with DooPrime rated 5 stars and ranked 12th for its range of investments by ForexBrokers.com, it slightly edges out ThinkMarkets, which is rated 4.5 stars and ranked 22nd.
| Feature |
ThinkMarkets
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4000 | 10000 |
| Forex Pairs (Total) | 46 | 60 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | 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 it comes to trading platforms and tools, both ThinkMarkets and DooPrime offer a variety of options catering to different trading preferences. They each provide a free virtual demo account, allowing beginners to practice without risk. Traders can access proprietary platforms developed by both brokers alongside popular choices like MetaTrader 4 and MetaTrader 5, available on Windows-based desktop downloads as well as web-based platforms. Moreover, both brokers support copy trading and enable direct trading from stock charts. However, options like DupliTrade and ZuluTrade are missing from their lists.
Charting features are well-supported, with both ThinkMarkets and DooPrime offering 15 drawing tools each. However, there's a noticeable difference in watch list customization; ThinkMarkets offers 15 columns whereas DooPrime provides only 7. In terms of recognition, both brokers are rated 4 stars for their trading platforms and tools, with ThinkMarkets ranked at #28 and DooPrime slightly higher at #25 out of 63 brokers by ForexBrokers.com. Both platforms provide solid options, but these differences might guide traders in choosing the platform that aligns best with their individual needs.
| Feature |
ThinkMarkets
|
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) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 15 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
ThinkMarkets and DooPrime both offer functional mobile trading options for iPhone and Android users, each providing stock and forex price alerts, the ability to draw trend lines, and view multiple time frames on charts. Both apps enable the creation of watchlists with real-time quotes but fall short on syncing watchlist symbols with an online account, meaning changes in one location don’t reflect in the other. While they share many similarities in their offerings, ThinkMarkets stands out by offering a more comprehensive selection of technical studies—94 compared to DooPrime's 30.
When it comes to user ratings, both ThinkMarkets and DooPrime receive a commendable 4-star rating for their mobile trading applications. According to ForexBrokers.com, ThinkMarkets ranks slightly higher at #20 out of 63 brokers for mobile trading apps, compared to DooPrime's #25 ranking. Both platforms also include auto-save features for chart drawings, ensuring that insights and analyses are not lost. Whether you’re looking for advanced chart tools or easier mobile access to forex trading, both ThinkMarkets and DooPrime offer reliable solutions, though ThinkMarkets may appeal more to those who prioritize extensive technical analysis features.
| Feature |
ThinkMarkets
|
DooPrime
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 94 | 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.
When comparing the market research offerings of ThinkMarkets and DooPrime, both online brokers provide daily market commentary and access to forex news from respected sources like Bloomberg and Reuters. However, their research tool offerings differ significantly. ThinkMarkets gives users a sentiment-based trading tool that shows the ratio of long or short positions across various instruments and provides resources from Acuity Trading, such as Signal Centre. In contrast, DooPrime does not offer these options, but it stands out by offering tools from Trading Central, adding valuable technical analytics to its suite.
Among the standard features, both companies have an economic calendar to track important global events. However, these distinctions in research tools are reflected in their ratings: ThinkMarkets receives a 3.5-star rating for research, while DooPrime edges ahead with a 4-star rating. According to ForexBrokers.com, ThinkMarkets is ranked 50th out of 63 in the Research category, whereas DooPrime achieves a higher standing at 29th. These differences highlight the varying strengths and preferences between the two brokers for traders looking to leverage market research tools.
| Feature |
ThinkMarkets
|
DooPrime
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
ThinkMarkets and DooPrime both offer rich educational content for those interested in trading forex or CFDs. They each provide a collection of over 10 educational materials such as articles, videos, and archived webinars. Beginners can find support from more than 10 videos dedicated to their needs on both platforms, as well as a collection of advanced topics for those with more experience. However, ThinkMarkets takes the educational experience a step further by offering monthly client webinars and a searchable archive of these sessions for convenient access. Unlike DooPrime, they also provide an investor dictionary to help familiarize users with at least 50 investing terms.
Despite ThinkMarkets' diverse resources, it is rated at 3.5 stars for education, while DooPrime manages a slightly higher rating of 4 stars. When compared across 63 brokers, DooPrime holds a stronger position, ranked #25, compared to ThinkMarkets which sits at #52. This suggests that although ThinkMarkets delivers an extensive range of educational opportunities, DooPrime might offer a more recognized and appreciated educational experience for many traders.
| Feature |
ThinkMarkets
|
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 ThinkMarkets is better than DooPrime. ThinkMarkets finished with an overall rank of #27, while DooPrime finished with an overall rank of #28.
ThinkMarkets has multiple regulatory license and offers a proprietary trading platform, as well as the entire MetaTrader suite. The broker has made progress in key areas, such as research and education, and the range of markets available, although trails behind the best brokers in these categories.
| Feature |
ThinkMarkets
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DooPrime
|
|---|---|---|
| Overall Rating |
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| Trust Score | 92 | 83 |
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ThinkMarkets allows users to trade cryptocurrency derivatives but not actual cryptocurrency, while DooPrime does not offer either actual cryptocurrency trading or cryptocurrency derivatives.
ThinkMarkets and DooPrime both support Skrill, Visa, Mastercard, and bank wire transactions for depositing and withdrawing account funds, but only DooPrime offers PayPal, while neither broker provides ACH or SEPA transfer options.
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 | ThinkMarkets | DooPrime | |
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| Trust Score | 92 | 83 | |
| Winner | check_circle | ||
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| Broker Screenshots | ThinkMarkets | DooPrime | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
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| Regulation | ThinkMarkets | DooPrime | |
|---|---|---|---|
| Trust Score | 92 | 83 | |
| Year Founded | 2010 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | 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 | 3 | 3 |
| Tier-1 Licenses (Highly Trusted) | ThinkMarkets | DooPrime | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | Yes | 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) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | ThinkMarkets | 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 | ThinkMarkets | DooPrime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4000 | 10000 | |
| Forex Pairs (Total) | 46 | 60 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | 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 | ThinkMarkets | DooPrime | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | 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 | ThinkMarkets | DooPrime | |
|---|---|---|---|
| Minimum Deposit | $50 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | ThinkMarkets | 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 | ThinkMarkets | DooPrime | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 15 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | ThinkMarkets | 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 | 94 | 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 | ThinkMarkets | DooPrime | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | ThinkMarkets | 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 | ThinkMarkets | 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 |
| Overall | ThinkMarkets | DooPrime | |
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| Trust Score | 92 | 83 | |
| Winner | check_circle | ||
| Review |
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