Written by ForexBrokers.com
In this head to head comparison of DooPrime vs TMGM, 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.
DooPrime and TMGM are two reputable online brokers with similar Trust Scores of 83, as rated by ForexBrokers.com. Despite both brokers being founded in the early 2010s, neither is publicly traded nor operates as a bank. DooPrime was established in 2014, while TMGM started its operations in 2013. Both brokers are considered "trusted" based on their Trust Scores, indicating a secure trading environment for their clients.
When it comes to regulatory compliance, DooPrime holds an advantage with four Tier-1 licenses, which signals a higher level of trustworthiness and oversight. In comparison, TMGM holds two Tier-1 licenses. Neither broker has Tier-2 licenses, which also sit in the trusted category. This regulatory standing shows that while both brokers offer a trusted service, DooPrime may provide a slight edge in regulatory credibility.
| Feature |
DooPrime
|
TMGM
|
|---|---|---|
| Year Founded | 2014 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 2 |
DooPrime's assessment for commissions and fees lacks detailed data, as average spread information is not provided. This omission makes it challenging to evaluate their overall trading costs. DooPrime receives a moderate rating of 3 out of 5 stars for commissions and fees, placing it at #59 out of 63 brokers ranked by ForexBrokers.com. This indicates room for improvement in their fee transparency and competitiveness.
Conversely, TMGM stands out with competitive commission rates, particularly through its commission-based Edge account. The Edge account presents a cost-effective option with a small commission of $3.50 per side ($7 per round trip) alongside low spreads, though specific average spread data is missing for the EUR/USD. TMGM offers both spread-only and commission-based account types, providing flexibility depending on trading preferences. Islamic finance customers can also opt for Sharia-compliant accounts through the Edge account. TMGM earns a higher rating of 4 out of 5 stars, ranking #36 out of 63 brokers in the Commissions and Fees category.
Overall, while both DooPrime and TMGM offer different strengths in their fee structures, TMGM's approach with varied account options, competitive commissions, and higher star rating makes it a more appealing choice for those prioritizing cost-effectiveness in trading.
| Feature |
DooPrime
|
TMGM
|
|---|---|---|
| Minimum Deposit | $100 | $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 | 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.
When comparing DooPrime and TMGM for their range of investment options, both brokers support forex trading through CFDs or spot contracts. DooPrime offers an impressive 10,000 tradeable symbols, including 60 forex pairs, while TMGM provides even more with 12,000 symbols and 62 forex pairs. Where DooPrime takes the lead is in offering exchange-traded securities on both U.S. and international exchanges, allowing clients to purchase stocks like Apple and Vodafone directly. TMGM, however, does not provide direct access to exchange-traded securities.
Both platforms support copy trading, catering to those interested in mirroring successful strategies. When it comes to cryptocurrencies, neither broker offers the opportunity to buy actual digital currencies, but TMGM has the added feature of cryptocurrency derivatives. Overall, DooPrime has received a higher rating of 5 stars for its range of investments, compared to TMGM's 4.5 stars. On ForexBrokers.com, DooPrime ranks 12th among 63 brokers for investment range, while TMGM holds the 17th spot, highlighting DooPrime’s slightly wider selection of offerings.
| Feature |
DooPrime
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 12000 |
| Forex Pairs (Total) | 60 | 62 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | Yes |
| 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 DooPrime and TMGM, both brokers provide a solid set of features for traders. Each offers a free virtual demo account, allowing users to practice without financial risk. Both have Windows-based desktop platforms and web-based trading options, making them accessible to a wide range of users. They support popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and both allow for copy trading. However, DooPrime stands out with its proprietary platform, developed in-house, while TMGM does not have this feature.
Charting capabilities are similar for both brokers, offering 15 drawing tools and allowing trades directly from the stock charts. Watch lists come with 7 columns for both platforms, providing an organized overview of assets. Despite these similarities, DooPrime slightly edges out TMGM in rankings, placed at #25 compared to TMGM’s #48 according to ForexBrokers.com. Both brokers share a rating of 4 stars in the Trading Platforms and Tools category, highlighting their competitive offerings in this domain.
| Feature |
DooPrime
|
TMGM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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 DooPrime and TMGM provide excellent mobile trading experiences for users looking to trade on the go. Whether you're an iPhone or Android user, both brokers have you covered with dedicated apps that deliver real-time stock and forex price alerts. When it comes to charting, each app offers 30 technical studies and allows users to draw trendlines, view various time frames, and auto-save chart drawings. These features ensure traders have access to vital technical analysis tools right at their fingertips, regardless of their mobile device.
While both platforms allow users to maintain watchlists and access real-time quotes, neither offers sync for watchlists across devices. Despite this, traders can enjoy a seamless experience, supported by four-star ratings for their mobile apps. Notably, DooPrime boasts a higher ranking, at #25 compared to TMGM's #47, according to ForexBrokers.com. This suggests that while both apps provide solid functionalities, DooPrime holds a slight edge in the competitive world of mobile trading.
| Feature |
DooPrime
|
TMGM
|
|---|---|---|
| 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 comparing DooPrime and TMGM for market research, both brokers excel in offering daily market commentary and providing forex news from top-tier sources like Bloomberg and Reuters. They both utilize Trading Central for technical and fundamental analysis tools, ensuring that traders have access to high-quality insights. However, a key difference lies in TMGM’s addition of a sentiment-based trading tool, which provides users with insights into long or short positions across various instruments—an advantage not found with DooPrime. Additionally, TMGM enhances its research offerings with tools from Acuity Trading, another feature that is absent in DooPrime's lineup.
For traders seeking a comprehensive view of economic events, both brokers offer an economic calendar, keeping clients informed about global news. Despite TMGM’s additional tools, DooPrime holds a slight edge in ratings, boasting 4 stars compared to TMGM’s 3.5 stars for research. Furthermore, in the ranking by ForexBrokers.com, DooPrime ranks #29 out of 63 brokers, significantly ahead of TMGM’s position at #53. This suggests that DooPrime might be a preferred choice for those prioritizing research quality and breadth, while TMGM caters to traders who value sentiment and additional analytical tools.
| Feature |
DooPrime
|
TMGM
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources available for beginners, DooPrime outshines TMGM in various areas. DooPrime actively supports beginner traders with over ten pieces of educational content, including articles and videos focused on forex and CFDs. They also offer more than ten videos specifically tailored for beginners, which is a significant advantage for those just starting out. Additionally, experienced traders can benefit from DooPrime’s collection of advanced educational videos. On the other hand, TMGM falls short in these aspects, lacking both the variety and quantity of beginner-focused content that DooPrime provides.
In terms of unique offerings, TMGM does have a searchable archive of previously recorded webinars that can serve as a useful resource for learners. They also provide an investor dictionary with definitions for over 50 investing terms. Despite these features, TMGM’s overall educational offerings are less comprehensive than those of DooPrime, as reflected in their education ratings. DooPrime is rated 4 stars and ranks 25th out of 63 brokers in the education category according to ForexBrokers.com, whereas TMGM holds a slightly lower rating of 3.5 stars and is ranked 54th. This clearly positions DooPrime as a more favorable choice for those prioritizing extensive educational resources in their trading journey.
| Feature |
DooPrime
|
TMGM
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that DooPrime is better than TMGM. DooPrime finished with an overall rank of #28, while TMGM finished with an overall rank of #37.
DooPrime is mainly regulated in the UK, as well as two offshore locations (Vanuatu and Mauritius), and offers 10,000 investment products, and multiple platforms including the full MetaTrader suite, and social copy trading platforms. That said, DooPrime trails behind the best brokers in key categories.
| Feature |
DooPrime
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TMGM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 83 |
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While both DooPrime and TMGM do not provide the option to purchase actual cryptocurrencies (delivered), unlike DooPrime, TMGM does offer the ability to trade cryptocurrency derivatives.
Both DooPrime and TMGM provide options for depositing or withdrawing account funds via PayPal, Skrill, Visa or Mastercard, and bank wires, but neither support ACH or SEPA transfers.
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 | DooPrime | TMGM | |
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| Trust Score | 83 | 83 | |
| Winner | check_circle | ||
| Review | TMGM Review |
| Broker Screenshots | DooPrime | TMGM | |
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| Regulation | DooPrime | TMGM | |
|---|---|---|---|
| Trust Score | 83 | 83 | |
| Year Founded | 2014 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 2 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | TMGM | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | DooPrime | TMGM | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | DooPrime | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 12000 | |
| Forex Pairs (Total) | 60 | 62 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | Yes | |
| 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 | DooPrime | TMGM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | TMGM | |
|---|---|---|---|
| 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 | DooPrime | TMGM | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | DooPrime | TMGM | |
|---|---|---|---|
| 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 | DooPrime | TMGM | |
|---|---|---|---|
| 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 | DooPrime | TMGM | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | TMGM | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | DooPrime | TMGM | |
|---|---|---|---|
| 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 | TMGM Review |
| Overall | DooPrime | TMGM | |
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| Trust Score | 83 | 83 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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