Written by ForexBrokers.com
In this head to head comparison of XM Group vs DooPrime, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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Comparing XM Group and DooPrime in terms of trustworthiness and regulatory standing reveals some insightful differences. Established in 2009, XM Group has accumulated considerable experience in the online brokerage realm. It holds a Trust Score of 88 according to ForexBrokers.com, positioning it within the 'trusted' range with its four Tier-1 licenses and one Tier-2 license. Meanwhile, DooPrime, founded in 2014, has secured a Trust Score of 83, also placing it in the 'trusted' bracket, maintained by its four Tier-1 licenses. Neither of these companies is publicly traded, nor do they operate as banks.
Although both brokers have identical Tier-1 regulatory standing, XM Group edges slightly ahead with an additional Tier-2 license, suggesting an extra layer of security in its operations compared to DooPrime. This nuanced difference can be essential for traders prioritizing assurance and protection under regulated environments. Their no-public-trade status and non-bank designation further streamline their roles as specialized online trading platforms.
| Feature |
XM Group
|
DooPrime
|
|---|---|---|
| Year Founded | 2009 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 4 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
When comparing XM Group and DooPrime regarding commissions and fees, both brokers have unique structures. XM Group offers a standard account with relatively expensive spreads, and the average spreads for their commission-based XM Zero account are not publicly disclosed. This lack of transparency might concern some traders looking for detailed cost structures. In terms of ratings, XM Group receives a favorable score of 4 out of 5 stars for commissions and fees, placing them at rank 33 out of 63 brokers according to ForexBrokers.com.
On the other hand, DooPrime does not provide average spread data, which could be seen as a downside for those who prefer more upfront cost information when choosing a broker. With a rating of 3 out of 5 stars in the commissions and fees category, DooPrime sits lower on the rankings, coming in at 59th place out of 63 brokers based on ForexBrokers.com evaluations.
In summary, XM Group seems to offer a better value for traders focused on commissions and fees, receiving higher ratings and rankings compared to DooPrime. However, both brokers lack in providing comprehensive transparency in their spread data, which is an important consideration for potential clients weighing their options.
| Feature |
XM Group
|
DooPrime
|
|---|---|---|
| Minimum Deposit | $5 | $100 |
| Average Spread EUR/USD - Standard | 1.6 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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 XM Group and DooPrime in terms of their range of investment options, both brokers shine with diverse offerings. XM Group provides a wide array of tradable symbols, totaling 1,394, while DooPrime offers an even larger selection with 10,000 symbols available. For forex enthusiasts, XM Group offers 55 currency pairs, in contrast to DooPrime's slightly higher 60 pairs. Both platforms allow clients to engage in forex trading through CFDs and spot contracts.
In addition to forex, both XM Group and DooPrime enable investors to purchase exchange-traded securities on U.S. and international exchanges, allowing access to well-known stocks like Apple and Vodafone. While neither broker supports the purchase of actual cryptocurrency, XM Group does offer crypto derivatives, an option not available with DooPrime. Both platforms support copy trading, catering to those who prefer to mirror successful trading strategies. Although XM Group is highly rated with 4.5 stars for its range of investments, DooPrime holds a 5-star rating and ranks 12th out of 63 brokers, compared to XM Group's rank of 23.
| Feature |
XM Group
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1394 | 10000 |
| Forex Pairs (Total) | 55 | 60 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | 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 trading platforms and tools, both XM Group and DooPrime offer significant features for traders to consider. Each broker provides a free virtual demo account, which is essential for new traders to practice without risk. Both platforms support popular MetaTrader 4 and 5, ensuring traders have access to top-tier software for their trading needs. While DooPrime boasts a proprietary platform developed in-house, XM Group does not, which could be a point of preference depending on a trader's familiarity or loyalty to particular platforms. Both brokers offer Windows-based desktop and web-based trading platforms, allowing for flexibility in trading from different devices.
For those interested in copy trading, both XM Group and DooPrime provide this feature, which is particularly useful for beginners looking to mirror experienced traders. When it comes to analyzing the market, each broker offers 15 drawing tools for charting and allows trading directly from stock charts, enhancing the trading experience. Both platforms offer 7 columns for watch lists, facilitating effective market monitoring. XM Group and DooPrime each receive a 4-star rating for their trading platforms and tools, although DooPrime is ranked slightly higher at #25 compared to XM Group's #31. Ultimately, the choice between these brokers may come down to specific platform preferences and ranking among forex brokers.
| Feature |
XM Group
|
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 XM Group and DooPrime offer mobile trading apps for iPhone and Android users, ensuring traders have on-the-go access to their platforms. They provide essential features such as price alerts, allowing users to stay updated with forex and stock movements. Both apps also support charting with 30 technical studies and the ability to draw trendlines and view multiple time frames—key tools for technical analysis. Real-time quotes for watchlists are available on both platforms, enabling users to keep track of their favorite stocks or currency pairs.
However, there are some differences in the user experience. XM Group stands out with its watchlist symbol syncing feature, ensuring seamless updates between mobile and online accounts, but falls short with no auto-save feature for chart drawings. In contrast, DooPrime doesn't offer watchlist syncing but does provide auto-saving for chart drawings, which adds convenience for users who frequently adjust their analyses. While both apps receive a 4-star rating for mobile trading, DooPrime ranks slightly higher at #25 compared to XM Group's #29 in ForexBrokers.com's ranking of 63 brokers. These nuances might guide users in choosing the platform that best suits their trading style.
| Feature |
XM Group
|
DooPrime
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of XM Group and DooPrime, both brokers provide daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. Each platform features Technical Analytics from Trading Central, aiding in technical and fundamental analysis. However, while XM Group offers a sentiment-based trading tool that shows ratios of long or short positions, DooPrime does not provide this resource. Both brokers also include an economic calendar to track global news events, though neither offers market research from TipRanks or tools from Acuity Trading.
In terms of ratings, XM Group achieves an impressive 5-star rating for its research capabilities, compared to DooPrime's solid 4-star rating. The distinction is reinforced by XM Group's higher ranking, placing at #8 in the ForexBrokers.com Research category, whereas DooPrime ranks at #29. This positions XM Group as a slightly more robust choice for traders prioritizing research tools and insights.
| Feature |
XM Group
|
DooPrime
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| 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 for beginners from XM Group and DooPrime, both brokers offer at least ten educational materials focused on forex or CFDs, available in different formats like articles, videos, and archived webinars. XM Group, however, stands out by providing monthly online educational webinars for clients, along with a searchable archive of these recorded sessions, which DooPrime does not offer. This feature allows XM Group clients to revisit the material at their convenience, giving them an edge in accessible ongoing learning.
Both XM Group and DooPrime offer a range of beginner and advanced educational videos to help traders enhance their skills. While neither broker provides an investor dictionary with terms, XM Group is rated higher for its educational offerings, receiving 5 stars compared to DooPrime's 4 stars. Ranked seventh by ForexBrokers.com out of 63 brokers in the educational category, XM Group clearly holds a superior position over DooPrime, which is ranked twenty-fifth. For beginners looking for comprehensive educational support, XM Group appears to provide a more favorable learning environment.
| Feature |
XM Group
|
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) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that XM Group is better than DooPrime. XM Group finished with an overall rank of #17, while DooPrime finished with an overall rank of #28.
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.
| Feature |
XM Group
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DooPrime
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|---|---|---|
| Overall Rating |
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| Trust Score | 88 | 83 |
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In comparing online brokers XM Group and DooPrime, neither platform offers the ability to buy actual delivered cryptocurrency; however, XM Group stands out by providing the option to trade cryptocurrency derivatives, which DooPrime does not offer.
When comparing online brokers XM Group and DooPrime, it’s important to note that while both offer multiple funding options like Skrill, Visa, Mastercard, and bank wires, only DooPrime supports deposits and withdrawals via PayPal, and neither broker offers 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 | XM Group | DooPrime | |
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| Trust Score | 88 | 83 | |
| Winner | check_circle | ||
| Review | XM Group Review |
| Broker Screenshots | XM Group | DooPrime | |
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| Regulation | XM Group | DooPrime | |
|---|---|---|---|
| Trust Score | 88 | 83 | |
| Year Founded | 2009 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 4 | 4 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | XM Group | 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) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | 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) | XM Group | DooPrime | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | XM Group | DooPrime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1394 | 10000 | |
| Forex Pairs (Total) | 55 | 60 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | XM Group | DooPrime | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | XM Group | DooPrime | |
|---|---|---|---|
| Minimum Deposit | $5 | $100 | |
| PayPal (Deposit/Withdraw) | No | 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 | XM Group | 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 | XM Group | 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 | XM Group | DooPrime | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | XM Group | DooPrime | |
|---|---|---|---|
| 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 | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | 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) | No | No |
| Major Forex Pairs | XM Group | 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 | XM Group Review |
| Overall | XM Group | DooPrime | |
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| Trust Score | 88 | 83 | |
| Winner | check_circle | ||
| Review | XM Group Review |
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