Written by ForexBrokers.com
In this head to head comparison of DooPrime vs TopFX, 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.
Founded in 2014, DooPrime is a relatively new player in the online brokerage field compared to TopFX, which was established in 2010. Neither of these brokers is publicly traded or operates as a bank. When it comes to regulatory oversight, DooPrime stands out with four Tier-1 licenses, which are highly trusted according to ForexBrokers.com ratings. This contributes to its solid Trust Score of 83 out of 99, placing it in the "trusted" category.
In contrast, TopFX, which has been in the industry for a decade, holds one Tier-1 license, and its Trust Score of 67 reflects a "high risk" category. The difference in tiered licensing and Trust Scores indicates a significant divergence in how these brokers are perceived in terms of reliability and trustworthiness by ForexBrokers.com. While both brokers offer online trading services, DooPrime's higher number of Tier-1 licenses may offer more assurance to clients seeking a trusted broker.
| Feature |
DooPrime
|
TopFX
|
|---|---|---|
| Year Founded | 2014 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When comparing the commissions and fees of online brokers DooPrime and TopFX, there are notable differences in their offerings. DooPrime, which has no specific average spread data available, receives a 3-star rating for its commission and fee structures. In the ForexBrokers.com ranking for the Commissions and Fees category, DooPrime is positioned at #59 out of 63 brokers, reflecting a less competitive stance in this area.
In contrast, TopFX provides two distinct account types that cater to different trading preferences: the spread-only ZERO account and the commission-based RAW account, both of which are accessible through MetaTrader and cTrader platforms. The RAW account incurs a commission charge of 2.75 EUR per side, totaling 5.50 EUR per round turn standard lot. For this account, the all-in cost, factoring in average spreads and commission equivalent for July 2024, approximates 0.88 pips, aligning with industry norms. Meanwhile, the ZERO account is commission-free but tends to have higher average spreads, at 1.03 pips for the EUR/USD during the same period.
Overall, TopFX earns a better rating, with 4 stars, and ranks higher at #40 out of 63 in the ForexBrokers.com Commissions and Fees category. This suggests that TopFX offers a more cost-effective structure for traders, especially those who prefer lower spreads and are mindful of commission costs. The choice between these brokers may ultimately depend on an individual trader’s preference for spread versus commission cost structures.
| Feature |
DooPrime
|
TopFX
|
|---|---|---|
| Minimum Deposit | $100 | Depends on payment method |
| Average Spread EUR/USD - Standard | N/A | 1.03 |
| All-in Cost EUR/USD - Active | N/A | 0.88 |
| 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 TopFX on their range of investments, both platforms offer a good starting point for forex traders with 60 currency pairs available as CFDs or spot contracts. However, DooPrime stands out significantly with an impressive 10,000 tradable symbols, covering a vast array of investment options. In contrast, TopFX offers 655 tradable symbols. Additionally, DooPrime provides access to exchange-traded securities on both U.S. and international exchanges, allowing clients to directly purchase shares like Apple and Vodafone without relying on CFDs. TopFX does not offer this capability for exchange-traded securities.
In terms of cryptocurrency options, neither DooPrime nor TopFX allows clients to buy actual cryptocurrencies, but TopFX does offer cryptocurrency derivatives where DooPrime does not. Both brokers support copy trading, enhancing their appeal to traders interested in mirroring successful strategies. According to ForexBrokers.com, DooPrime is ranked 12th out of 63 brokers for its range of investments, boasting a 5-star rating in this category. Meanwhile, TopFX holds the 46th position with a 3.5-star rating, suggesting a less diverse but still competitive offering.
| Feature |
DooPrime
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 655 |
| Forex Pairs (Total) | 60 | 60 |
| 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.
Both DooPrime and TopFX provide traders with essential features, like free virtual demo accounts, enabling users to practice their trading strategies without taking financial risks. Both brokers ensure accessibility by offering Windows-based desktop platforms and web-based trading options. While they both support popular trading platforms such as MetaTrader 4, DooPrime stands out by also offering MetaTrader 5 and a proprietary platform developed in-house, providing more versatility for various trading preferences. In terms of trading tools, each offers 15 drawing tools for charting and allows for direct trading from stock charts, making them competitive options for traders focused on technical analysis.
However, TopFX may fall behind in terms of platform rankings. According to ForexBrokers.com, DooPrime is positioned higher at #25 out of 63 brokers for Trading Platforms and Tools, whereas TopFX is ranked at #45. Both brokers receive a solid four-star rating for their platforms, but DooPrime's inclusion of a proprietary platform and MetaTrader 5 could appeal to traders seeking more variety and a potentially enhanced trading experience. Additionally, both platforms offer similar utilities such as copy trading and watch lists with seven columns, ensuring ease of monitoring multiple assets.
| Feature |
DooPrime
|
TopFX
|
|---|---|---|
| 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 | No |
| 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.
When exploring mobile trading apps, both DooPrime and TopFX offer solid options for traders using iPhone and Android devices. Each provides critical features such as stock and forex price alerts, the ability to draw trendlines, and the option to view multiple time frames on charts, like daily or intraday. Both apps also have the capability to auto-save chart drawings and allow users to create watchlists with real-time quotes. In terms of charting tools, DooPrime and TopFX each offer 30 technical studies to aid in market analysis. However, it's worth noting that neither app provides watchlist symbol syncing, meaning changes made in the app won't automatically update in users' online accounts.
Despite their similarities, there's a slight difference in their market standings for mobile trading apps. DooPrime ranks #25, while TopFX comes in at #51 out of 63 brokers, according to ForexBrokers.com. Both brokers receive a commendable rating of four stars for their mobile apps, reflecting their user-friendly features and comprehensive capabilities. Ultimately, while both apps provide a quality trading experience, DooPrime holds a slightly higher ranking, which might be a deciding factor for traders focused on industry standings.
| Feature |
DooPrime
|
TopFX
|
|---|---|---|
| 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 the market research offerings of DooPrime and TopFX, both brokers provide valuable resources tailored for traders. DooPrime stands out by offering daily market commentary along with forex news from reputable sources like Bloomberg and Dow Jones. They also provide access to Trading Central's analytics and a comprehensive economic calendar to keep traders updated on global events. In contrast, TopFX does not provide daily commentary but matches DooPrime in delivering news from top-tier sources and offers additional tools such as Autochartist for technical analysis, and a sentiment-based trading tool that showcases long or short positions across various instruments.
Both brokers lack research tools from Acuity Trading or market insights from TipRanks. However, DooPrime garners a higher research rating of 4 stars compared to TopFX's 3 stars and ranks significantly better at #29 out of 63 brokers on ForexBrokers.com. Meanwhile, TopFX slides further down the list, positioning at #60. This comparison emphasizes that while both brokers have strong points, DooPrime generally provides a more extensive suite of research tools, catering especially to traders interested in comprehensive market analysis and day-to-day market trends.
| Feature |
DooPrime
|
TopFX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available to beginners at DooPrime and TopFX, DooPrime clearly stands out. DooPrime offers a solid selection of educational materials, including over 10 pieces focused on forex and CFDs, and more than 10 beginner-friendly educational videos. In contrast, TopFX does not meet these basic education benchmarks. Neither platform provides webinars or an archive of recorded sessions, which may limit their appeal to those who prefer interactive learning.
For those seeking to expand their understanding with advanced trading resources, DooPrime again comes out on top, offering at least 10 videos for experienced traders. Meanwhile, TopFX lacks both beginner and advanced video content. Neither platform offers an investor dictionary, making external resources necessary for those needing definitions of investing terms. According to ForexBrokers.com, DooPrime earns 4 out of 5 stars for education and ranks #25 out of 63 brokers, whereas TopFX receives 3 stars and ranks #61, solidifying DooPrime's position as the better choice for educational resources.
| Feature |
DooPrime
|
TopFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | No |
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 TopFX. DooPrime finished with an overall rank of #28, while TopFX finished with an overall rank of #62.
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
|
TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 67 |
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While neither DooPrime nor TopFX allow clients to purchase actual delivered cryptocurrencies, TopFX distinguishes itself by offering the option to trade cryptocurrency derivatives, a feature not available with DooPrime.
Both DooPrime and TopFX provide multiple deposit and withdrawal options, including PayPal, Skrill, Visa, Mastercard, and bank wires, although neither supports 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 | TopFX | |
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| Trust Score | 83 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
| Broker Screenshots | DooPrime | TopFX | |
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| Regulation | DooPrime | TopFX | |
|---|---|---|---|
| Trust Score | 83 | 67 | |
| Year Founded | 2014 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | TopFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| 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 | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | DooPrime | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 655 | |
| Forex Pairs (Total) | 60 | 60 | |
| 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 | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.03 | |
| All-in Cost EUR/USD - Active | N/A | 0.88 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | TopFX | |
|---|---|---|---|
| Minimum Deposit | $100 | Depends on payment method | |
| 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 | TopFX | |
|---|---|---|---|
| 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 | No | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | DooPrime | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | TopFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | DooPrime | TopFX | |
|---|---|---|---|
| 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 | TopFX Review |
| Overall | DooPrime | TopFX | |
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| Trust Score | 83 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
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