Written by ForexBrokers.com
In this head to head comparison of Tickmill 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.
Tickmill and DooPrime are both online brokers established in 2014, neither being publicly traded or banking institutions. When it comes to regulation, Tickmill holds 2 Tier-1 licenses and 2 Tier-2 licenses, making it a broker with a strong regulatory standing according to ForexBrokers.com. In contrast, DooPrime possesses 4 Tier-1 licenses, reflecting its focus on higher-level regulatory certification, although it does not hold any Tier-2 licenses. This regulatory structure provides potential clients with an insight into the oversight each broker is subject to, influencing their perceived trustworthiness.
In terms of trust scores, Tickmill has achieved a rating of 86 out of 99, categorizing it as a trusted broker. Meanwhile, DooPrime also falls within the trusted range with a trust score of 83. These scores reflect both companies' adherence to regulatory standards and their commitment to providing a secure trading environment. When choosing an online broker, understanding these ratings and the regulatory licenses each holds can be beneficial for potential clients looking for trusted and reliable trading platforms.
| Feature |
Tickmill
|
DooPrime
|
|---|---|---|
| Year Founded | 2014 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 4 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
When comparing commissions and fees between Tickmill and DooPrime, Tickmill stands out for its competitive pricing structure. Tickmill offers two primary account types: the Classic and Raw accounts. The Classic account is commission-free, but traders pay higher bid/ask spreads, averaging 1.76 pips as of August 2023. In contrast, the Raw account, which replaced the Pro account, features a commission of $3 per side or $6 per standard lot, with typical spreads of 0.11 pips for the EUR/USD pair. Despite the slight increase in commission, the all-in cost remains competitive at 0.71 pips. Tickmill's Raw account also has a low entry barrier with a $100 minimum deposit, making it a cost-effective option for most active traders.
On the other hand, DooPrime's commissions and fees lack transparency, as there is no average spread data available for comparison. This makes it challenging for traders to forecast the exact cost of trading with DooPrime. Given this lack of data, potential investors may find it difficult to assess the overall affordability and suitability of DooPrime's offerings.
In terms of ratings, Tickmill is recognized for its cost-efficiency, earning a 5-star rating for commissions and fees and securing the 4th position out of 62 brokers according to ForexBrokers.com. Meanwhile, DooPrime is rated lower, with a 3-star rating and ranked 58th in the same category. This stark contrast suggests that Tickmill may provide a more appealing option for traders who prioritize low trading costs and transparent pricing structures.
| Feature |
Tickmill
|
DooPrime
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | 0.51 | N/A |
| All-in Cost EUR/USD - Active | 0.31 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | 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.
Tickmill and DooPrime both offer forex trading through CFDs or spot contracts, with Tickmill providing 63 forex pairs compared to DooPrime's 60. However, when considering the overall range of tradeable symbols, DooPrime leads with an impressive 10,000 options, while Tickmill offers a total of 725. One notable difference is that DooPrime allows clients to invest in exchange-traded securities on both U.S. and international exchanges, an option not available with Tickmill.
When it comes to cryptocurrency, Tickmill provides the ability to trade derivatives, while DooPrime does not offer cryptocurrency derivatives or actual cryptocurrencies. Both platforms support copy trading, adding versatility to their offerings. In terms of ratings, Tickmill scores 3.5 stars out of five for its range of investments and is ranked 42nd out of 62 brokers by ForexBrokers.com. In comparison, DooPrime shines with a 5-star rating and a 12th-place ranking, making it a compelling choice for investors seeking a broader array of investment options.
| Feature |
Tickmill
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 725 | 10000 |
| Forex Pairs (Total) | 63 | 60 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | 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 comparing the trading platforms and tools offered by Tickmill and DooPrime, both brokers provide a similar experience in several aspects, appealing to many traders. Both offer the opportunity to practice trading risk-free with virtual demo accounts and are equipped with popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are available both as desktop downloads for Windows and as web-based platforms. However, a key distinction is that DooPrime provides a proprietary platform developed in-house, potentially offering unique features not found in the standard MT4 or MT5 platforms.
In terms of trading features, both Tickmill and DooPrime facilitate copy trading, which allows traders to mimic the trading strategies of others, a useful feature for both beginners and experienced traders. Charting tools are well-represented, with each broker offering 15 drawing tools and the capability to trade directly from stock charts. When it comes to organizing market insights, both brokers offer watch lists with seven columns for customized tracking. Despite their similarities in star ratings—both receiving four out of five for their trading platforms and tools—DooPrime holds a slightly higher rank at #25 compared to Tickmill's #32 according to ForexBrokers.com. This slight edge may appeal to traders looking for a more highly ranked platform functionality.
| Feature |
Tickmill
|
DooPrime
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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 | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Tickmill and DooPrime offer comprehensive mobile trading apps available on iPhone and Android devices. Users of both platforms can stay informed with stock and forex price alerts and enjoy 30 technical studies for charting. Additionally, the apps allow drawing trendlines on charts, viewing multiple time frames, and auto-saving drawings for future reference. Creating watchlists with real-time quotes is a breeze on both apps, ensuring that traders have the tools they need at their fingertips. However, neither Tickmill nor DooPrime supports watchlist symbol syncing, which means changes made on the mobile app won't reflect in the online account and vice versa.
When it comes to ratings, both apps score 4 out of 5 stars for mobile trading experiences, reflecting their strong features and user satisfaction. However, in rankings by ForexBrokers.com, DooPrime edges out Tickmill, positioned at #25 compared to Tickmill's #32 among 62 brokers. This suggests that DooPrime's mobile app might have a slight edge according to industry evaluations. But with both apps offering fundamental trading features, personal preference and specific trading needs will play a crucial role in choosing the right platform.
| Feature |
Tickmill
|
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.
When it comes to market research, both Tickmill and DooPrime provide daily market commentary and forex news sourced from leading providers like Bloomberg and Reuters. However, while DooPrime incorporates tools from Trading Central, Tickmill stands out by offering a sentiment-based trading tool that reveals the ratio of long and short positions across different currency pairs, a feature not found with DooPrime. Additionally, Tickmill provides access to Acuity Trading tools such as Signal Centre, which is not offered by DooPrime. Both brokers supply an economic calendar to keep traders informed about global news events, ensuring that clients are well-equipped for informed trading decisions.
Despite some differences in the specific research tools each broker offers, Tickmill and DooPrime achieve overall research ratings of four stars. In the rankings by ForexBrokers.com, Tickmill is placed slightly higher at number 22 out of 62 brokers, while DooPrime is ranked 29. This suggests that while both brokers are strong contenders in providing quality research, Tickmill might have a slight edge, potentially due to its additional sentiment analysis tool and research offerings from Acuity Trading. Traders might find Tickmill more appealing if they value sentiment data and Acuity's research capabilities as part of their trading strategies.
| Feature |
Tickmill
|
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.
When it comes to educational resources for beginners, Tickmill stands out for offering a range of learning materials tailored to newcomers in the trading world. This includes more than 10 pieces of content such as articles and videos focused on forex and CFDs education. Additionally, Tickmill holds monthly online educational webinars for clients, providing a platform for real-time learning and interaction. The broker also offers a searchable archive of recorded webinars, allowing users to revisit sessions at their convenience. Beginners can further benefit from over 10 videos specifically designed to make complex trading topics easier to grasp. For those keen on deepening their understanding, advanced videos are also available. Plus, Tickmill provides an investor dictionary with more than 50 terms, helping to demystify trading jargon.
On the other hand, DooPrime also delivers a variety of educational resources, including over 10 articles and videos targeting entry-level traders, along with advanced content for seasoned investors. However, unlike Tickmill, DooPrime does not currently offer monthly webinars or an archive of previously recorded sessions, which could limit continuous learning opportunities. While both brokers earn a commendable 4-star rating for their educational offerings, Tickmill is notably ranked higher, positioned at 15th compared to DooPrime's 25th spot among 62 brokers in the ForexBrokers.com education category. This suggests a slightly more comprehensive approach to trader education by Tickmill, making it a strong contender for those new to the trading scene.
| Feature |
Tickmill
|
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 62 of the best forex brokers, our research and account testing finds that Tickmill is better than DooPrime. Tickmill finished with an overall rank of #22, while DooPrime finished with an overall rank of #28.
Tickmill is a run-of-the-mill MetaTrader broker that offers a limited selection of tradeable securities. The broker does offer very competitive commission-based pricing for professionals through its VIP and Pro accounts.
| Feature |
Tickmill
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DooPrime
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 83 |
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When comparing online brokers Tickmill and DooPrime, Tickmill stands out by offering the ability to buy cryptocurrency derivatives, whereas DooPrime does not provide this option, and neither platform supports the purchase of actual (delivered) cryptocurrencies.
Both Tickmill and DooPrime provide similar funding options, supporting PayPal, Skrill, Visa, Mastercard, and bank wire transfers, but neither offers ACH or SEPA transfers for depositing or withdrawing account 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 | Tickmill | DooPrime | |
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| Trust Score | 86 | 83 | |
| Winner | check_circle | ||
| Review | Tickmill Review |
| Broker Screenshots | Tickmill | DooPrime | |
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| Regulation | Tickmill | DooPrime | |
|---|---|---|---|
| Trust Score | 86 | 83 | |
| Year Founded | 2014 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 4 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | Tickmill | DooPrime | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| 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). | Yes | No |
| Tier-2 Licenses (Trusted) | Tickmill | 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 | Tickmill | DooPrime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 725 | 10000 | |
| Forex Pairs (Total) | 63 | 60 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | 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 | Tickmill | DooPrime | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.51 | N/A | |
| All-in Cost EUR/USD - Active | 0.31 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Tickmill | DooPrime | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | No | No |
| Trading Platforms | Tickmill | DooPrime | |
|---|---|---|---|
| Proprietary Platform | No | 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 | Tickmill | DooPrime | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 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 | Tickmill | 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 | Tickmill | 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 | Tickmill | 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 | Tickmill | 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 | Tickmill Review |
| Overall | Tickmill | DooPrime | |
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| Trust Score | 86 | 83 | |
| Winner | check_circle | ||
| Review | Tickmill Review |
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