Written by ForexBrokers.com
Is DooPrime better than UFX? In our analysis of 23 international regulators across 39 brokers, DooPrime is considered average-risk, with an overall Trust Score of 82 out of 99. UFX is considered high-risk, with an overall Trust Score of 67 out of 99. Learn more about Trust Score.
| Overall Rating | DooPrime | UFX |
|---|---|---|
| Overall Rating |
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| Commissions & Fees |
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| Offering of Investments |
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| Platform & Tools |
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| Mobile Trading |
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| Research |
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| Education |
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| Trust Score | 84 | 67 |
| Winner | check_circle | |
| Review | DooPrime Review | UFX Review |
| Regulation | DooPrime | UFX |
|---|---|---|
| Trust Score | 84 | 67 |
| Year Founded | 2014 | 2011 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 2 | 0 |
| Authorised in European Union | No | Yes |
| Tier-1 Licenses (High Trust) | DooPrime | UFX |
|---|---|---|
| ASIC Authorised (Australia) | No | No |
| IIROC Authorised (Canada) | No | No |
| SFC Authorised (Hong Kong) | Yes | No |
| CBI Authorised (Ireland) | No | No |
| FSA Authorised (Japan) | No | No |
| MAS Authorised (Singapore) | No | No |
| FINMA Authorised (Switzerland) | No | No |
| FCA Authorised (U.K.) | Yes | No |
| CFTC Registered (USA) | No | No |
| FMA Authorised (New Zealand) | No | No |
| Tier-2 Licenses (Average Trust) | DooPrime | UFX |
|---|---|---|
| CBRC Authorised (China) | No | No |
| CySEC Authorised (Cyprus) | No | Yes |
| NSE Authorised (India) | No | No |
| ISA Authorised (Israel) | No | No |
| CBR Authorised (Russia) | No | No |
| FSCA Authorised (South Africa) | No | No |
| SEC Authorised (Thailand) | No | No |
| DFSA / Central Bank Authorised (UAE) | No | No |
| Tier-3 Licenses (Low Trust) | DooPrime | UFX |
|---|---|---|
| SCB Authorised (Bahamas) | No | No |
| IFSC Authorised (Belize) | No | No |
| CIMA Authorised (Cayman Islands) | No | No |
| BMA Authorised (Bermuda) | No | No |
| FSC Authorised (British Virgin Islands) | No | No |
| FSC Authorised (Mauritius) | Yes | No |
| VFSC Authorised (Vanuatu) | Yes | No |
| Investments | DooPrime | UFX |
|---|---|---|
| Forex Trading | Yes | Yes |
| Trading - Forex or CFDs | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 619 |
| Forex Pairs (Total) | 60 | 49 |
| 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 (CFD) | 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 | UFX |
|---|---|---|
| Average Spread EUR/USD - Standard | -1 | 3 (Jan 2021) |
| All-in Cost EUR/USD - Active | -1 | 2 (Jan 2021) |
| Active Trader or VIP Discounts | No | Yes |
| Execution: Agency Broker | Yes | Yes |
| Execution: Market Maker | Yes | No |
| Funding | DooPrime | UFX |
|---|---|---|
| Minimum Initial Deposit | $100 | $100 |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Trading Platforms | DooPrime | UFX |
|---|---|---|
| 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 | DooPrime | UFX |
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Alerts - Basic Fields | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
| Charting - Indicators / Studies (Total) | 30 | 116 |
| Charting - Drawing Tools (Total) | 15 | 17 |
| Charting - Trade From Chart | Yes | No |
| Charts can be saved | Yes | Yes |
| Mobile Trading | DooPrime | UFX |
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Forex Calendar | Yes | Yes |
| Research | DooPrime | UFX |
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | UFX |
|---|---|---|
| Has 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 | UFX |
|---|---|---|
| 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 | DooPrime Review | UFX Review |
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 UFX.
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, DooPrime offers better pricing overall for traders.
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 UFX holds 0. UFX 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 UFX.
To compare the trading platforms of both DooPrime and UFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, DooPrime offers a better experience. With research, DooPrime offers superior market research. Finally, we found DooPrime to provide better mobile trading apps.
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both DooPrime and UFX offer MetaTrader 4 (MT4).DooPrime and UFX both offer copy trading.
DooPrime provides traders 60 currency pairs (e.g., EUR/USD) compared to UFX's 49 available pairs. Forex pairs aside, DooPrime offers traders access to 10000 CFDs while UFX has 619 available CFDs, a difference of 9381.
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)
UFX is not publicly traded and does not operate a bank. UFX is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust).
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.
UFX offers the full MetaTrader suite and its own proprietary platform, as well as a growing selection of markets. That being said, spreads are much wider than the industry average, and as UFX holds just one regulatory license, its trust factor is well below the industry average.
Overall winner: DooPrime
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