Written by ForexBrokers.com
In this head to head comparison of Vantage 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.
Vantage and DooPrime are two respected online brokers in the financial market, each with unique attributes. Founded in 2009, Vantage boasts a solid track record and holds two Tier-1 licenses, denoting a high level of trust. With a ForexBrokers.com Trust Score of 90 out of 99, Vantage is considered highly trusted for its regulatory standing. Despite not being publicly traded or a bank, Vantage maintains a robust reputation by securing an additional Tier-2 license, further ensuring its reliability and appeal to traders seeking security.
DooPrime, established in 2014, is another formidable player in the brokerage industry, excelling in its regulatory framework. Holding four Tier-1 licenses, DooPrime demonstrates a strong commitment to trustworthiness, underscored by a ForexBrokers.com Trust Score of 83. Although it is not listed on a stock exchange nor operates as a bank, DooPrime's regulatory credentials make it a trusted choice for traders. While lacking Tier-2 licenses, its higher number of top-tier licenses still offers assurance to clients regarding safety and compliance.
| Feature |
Vantage
|
DooPrime
|
|---|---|---|
| Year Founded | 2009 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 4 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 3 |
When comparing Vantage and DooPrime for their commissions and fees, Vantage emerges with a slight edge. Vantage offers three types of accounts—Standard STP, RAW ECN, and PRO ECN—each with different cost structures. The Standard STP account has typical spreads of 1.30 pips for EUR/USD, while the RAW ECN account boasts narrower spreads averaging 0.15 pips with a commission of $6 per round turn. The PRO ECN account offers the most competitive pricing with just $4 per round turn commission, contingent upon fulfilling certain requirements such as account minimums based on the regulating entity. For those who trade actively, Vantage offers rebates between $2 and $8 per standard lot, yet this is available only on the Standard account which features the highest spreads. Vantage's overall pricing is in line with industry standards, earning it a 4.5-star rating and a #19 ranking out of 63 brokers in the Commissions and Fees category.
On the other hand, DooPrime does not provide specific average spread data for evaluation, which may leave potential traders seeking more transparency on costs. With a 3-star rating and a #59 ranking out of 63 brokers in the Commissions and Fees category, DooPrime trails behind Vantage in terms of cost-effectiveness and competitive pricing. This rating reflects a less favorable standing when considering the broader range of brokers available.
In summary, if you're deciding between Vantage and DooPrime based on commissions and fees, Vantage appears to offer more competitive options, especially through its PRO ECN account, which caters best to traders with the ability to meet the specific requirements. With a higher star rating and better ranking, Vantage provides more clarity and potentially lower costs, particularly for those who engage actively in trading.
| Feature |
Vantage
|
DooPrime
|
|---|---|---|
| Minimum Deposit | $50 | $100 |
| Average Spread EUR/USD - Standard | 1.30 | N/A |
| All-in Cost EUR/USD - Active | 0.75 | N/A |
| Active Trader or VIP Discounts | Yes | 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 Vantage and DooPrime, both online brokers offer forex trading through CFDs or spot contracts, with Vantage providing access to 61 forex pairs and DooPrime slightly fewer at 60. However, DooPrime takes the lead in the variety of tradable symbols, boasting an impressive 10,000, compared to Vantage's 1,000. This extensive range is reflected in DooPrime's higher rating of 5 stars for investment options, significantly ahead of Vantage's 3.5 stars. Additionally, DooPrime ranks higher at #12, while Vantage stands at #50 for range of investments according to ForexBrokers.com.
Furthermore, DooPrime provides direct access to exchange-traded securities on both U.S. and international markets, allowing clients to invest in companies like Apple and Vodafone directly. Vantage, on the other hand, does not offer this feature. For cryptocurrency enthusiasts, while both brokers offer trading derivatives, only Vantage provides options for cryptocurrency derivatives, as DooPrime does not. Both platforms offer copy trading capabilities, catering to those interested in mimicking successful strategies. Overall, DooPrime emerges as a more versatile choice for traders looking for diverse investment options.
| Feature |
Vantage
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 10000 |
| Forex Pairs (Total) | 61 | 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 evaluating the trading platforms and tools offered by Vantage and DooPrime, both brokers offer a comprehensive experience for traders. Each platform provides access to popular tools like MetaTrader 4 and MetaTrader 5, along with the option to engage in simulated or paper trading through a free virtual demo account. Both Vantage and DooPrime have developed their proprietary platforms, catering to different trader needs with the flexibility of Windows-based desktop downloads and web-based browser platforms. Additionally, copy trading is available on both platforms, offering traders another avenue to potentially enhance their trades. While Vantage includes DupliTrade in its suite of tools, this is an edge over DooPrime, which does not offer this tool.
When it comes to the interactive features of their platforms, both brokers shine equally by offering 15 drawing tools for charting and allowing direct trading from stock charts. The capability to customize watch lists with up to seven columns ensures that traders can personalize their experience effectively. Despite differences in certain features, both Vantage and DooPrime have received four-star ratings for their trading platforms and tools. However, Vantage holds a slightly better position, ranked at #21 out of 63 brokers by ForexBrokers.com, compared to DooPrime's ranking at #25.
| Feature |
Vantage
|
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 | Yes | 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.
Vantage and DooPrime both offer mobile trading apps for iPhone and Android users who want to trade on the go. Both platforms allow users to receive stock or forex price alerts, see real-time quotes, and draw trendlines on charts with multiple time frames like daily or weekly views. They also provide 30 technical studies for detailed chart analysis and automatically save any drawings applied to the charts. One feature missing from both apps is watchlist symbol syncing with the user's online account, meaning adjustments must be made separately on each platform.
In terms of user satisfaction, Vantage and DooPrime both score 4 out of 5 stars for their mobile apps, proving the quality of their offering. Despite similar ratings, DooPrime holds a slightly higher ranking at #25 compared to Vantage's #28 in the category of Mobile Trading Apps, according to ForexBrokers.com. Both apps are strong options for traders looking to access essential features in a mobile setting, offering comprehensive tools for those who trade stocks and forex.
| Feature |
Vantage
|
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 Vantage and DooPrime cater to traders with daily market commentary and access to forex news from top sources like Bloomberg and Reuters. They both provide tools from Trading Central to assist traders in making informed decisions. However, Vantage stands out by offering advanced features such as Autochartist’s technical analysis tools and a sentiment-based trading tool that displays the ratio of long or short positions across instruments. On the other hand, DooPrime does not provide these specific tools from Autochartist or sentiment-based trading tools.
Both brokers include an economic calendar that highlights important global news events, which is crucial for traders keeping close tabs on market fluctuations. While not offering research tools from Acuity Trading like Signal Centre or TipRanks, their wide array of features has earned them each a research rating of 4 out of 5 stars. According to ForexBrokers.com, Vantage is ranked 21st among 63 brokers in the Research category, while DooPrime takes the 29th position, indicating a slightly stronger research capability from Vantage.
| Feature |
Vantage
|
DooPrime
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginner traders, both Vantage and DooPrime provide a range of materials. They each offer a rich selection of over ten educational pieces focusing on forex and CFDs—these include articles, videos, and more. Both platforms also cater to beginners with over ten instructional videos specifically designed for those new to trading. For those seeking advanced knowledge, each broker delivers more than ten advanced trading video lessons. Despite these similarities, Vantage stands out by offering monthly online educational webinars and a searchable archive of past sessions, resources that DooPrime does not provide.
Furthermore, Vantage enhances its educational offerings with an investor dictionary containing over fifty investment term definitions, a feature absent from DooPrime's current resources. In terms of ratings, both brokers score four out of five stars for their educational services, with Vantage ranked 24th and DooPrime 25th out of 63 brokers in the Education category by ForexBrokers.com. These distinctions make Vantage a slightly more well-rounded choice for those prioritizing educational content in their trading journey.
| Feature |
Vantage
|
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 Vantage is better than DooPrime. Vantage finished with an overall rank of #26, while DooPrime finished with an overall rank of #28.
Vantage rounds out its MetaTrader platform suite offering with support for multiple social trading platforms, content powered by Trading Central and a proprietary mobile app. However, Vantage trails industry leaders in key areas such as research and education.
| Feature |
Vantage
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DooPrime
|
|---|---|---|
| Overall Rating |
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| Trust Score | 90 | 83 |
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Vantage allows users to engage in cryptocurrency trading through derivatives, while DooPrime does not offer this option, and neither platform provides the ability to purchase actual (delivered) cryptocurrency.
Both Vantage and DooPrime do not support ACH or SEPA transfers for deposits and withdrawals, but offer PayPal, Skrill, Visa/Mastercard, and bank wire options for funding accounts.
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 | Vantage | DooPrime | |
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| Trust Score | 90 | 83 | |
| Winner | check_circle | ||
| Review | Vantage Review |
| Broker Screenshots | Vantage | DooPrime | |
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| Regulation | Vantage | DooPrime | |
|---|---|---|---|
| Trust Score | 90 | 83 | |
| Year Founded | 2009 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 4 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 3 |
| Tier-1 Licenses (Highly Trusted) | Vantage | DooPrime | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | |||
| 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). | No | No |
| Tier-2 Licenses (Trusted) | Vantage | DooPrime | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Vantage | DooPrime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 10000 | |
| Forex Pairs (Total) | 61 | 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 | Vantage | DooPrime | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.30 | N/A | |
| All-in Cost EUR/USD - Active | 0.75 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Vantage | DooPrime | |
|---|---|---|---|
| Minimum Deposit | $50 | $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 | Vantage | 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 | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Vantage | 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 | Vantage | 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 | Vantage | DooPrime | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Vantage | 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 | Vantage | 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 | Vantage Review |
| Overall | Vantage | DooPrime | |
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| Trust Score | 90 | 83 | |
| Winner | check_circle | ||
| Review | Vantage Review |
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