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XM Group vs DooPrime 2024

ForexBrokers.com

Written by ForexBrokers.com

August 29, 2023

Is XM Group better than DooPrime? In our analysis of 23 international regulators across 62 of the best forex brokers, XM Group is considered low-risk, with an overall Trust Score of 88 out of 99. DooPrime is considered Trusted, with an overall Trust Score of 83 out of 99. Learn more about Trust Score.

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Compare

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Overall Rating XM Group DooPrime
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 3/5 Stars
Offering of Investments 4/5 Stars 5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score info 88 83
Winner check_circle
Review XM Group Review
Broker Screenshots XM Group DooPrime
Trading Platforms Gallery (click to expand) info
XM Cyprus MT5 desktop trading platform order window XM Cyprus MT5 desktop trading platform watchlist
Mobile Trading Gallery (click to expand) info
XM MetaTrader 5 mobile trading app XM MetaTrader 5 mobile trading app charts XM MetaTrader 5 mobile trading app contract specifications XM MetaTrader 5 mobile trading app economic calendar XM MetaTrader 5 mobile trading app trade ticket XM MetaTrader 5 mobile trading app watchlist
Research Gallery (click to expand) info
XM global research web sentiment data XM MT5 signals market XM research trading signals analyzer XM research economic calendars XM research articles market news and analysis XM research articles XM research podcast
Education Gallery (click to expand) info
XM educational videos playlist XM TV videos
Regulation XM Group DooPrime
Trust Score info 88 83
Year Founded info 2009 2014
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes No info
Tier-1 Licenses info 4 4
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 3
Tier-1 Licenses (Highly Trusted) XM Group DooPrime
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No Yes
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info Yes No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes No info
Tier-2 Licenses (Trusted) XM Group DooPrime
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments XM Group DooPrime
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1429 10000
Forex Pairs (Total) info 55 60
U.S. Stock Trading (Non CFD) info Yes Yes
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 info 1.6 info N/A info
All-in Cost EUR/USD - Active info 0.8 info N/A info
Active Trader or VIP Discounts info No No
Inactivity Fee info Yes No
Execution: Agency Broker info No Yes
Execution: Market Maker info Yes Yes
Funding XM Group DooPrime
Minimum Deposit info $5 $100
PayPal (Deposit/Withdraw) info No Yes
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Trading Platforms XM Group DooPrime
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools XM Group DooPrime
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 7
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 15 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading XM Group DooPrime
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No Yes
Mobile Economic Calendar info Yes Yes
Research XM Group DooPrime
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes Yes
TipRanks info No No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education XM Group DooPrime
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info No No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info No No
Major Forex Pairs XM Group DooPrime
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review XM Group Review
Overall XM Group DooPrime
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 3/5 Stars
Offering of Investments 4/5 Stars 5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score info 88 83
Winner check_circle
Review XM Group Review
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XM Group vs DooPrime Comparison

We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. That same research and data powers our broker comparisons. Let's compare XM Group vs DooPrime.

Can I trust XM Group?

XM Group is not publicly-traded and does not operate a bank. XM Group is authorised by four Tier-1 regulators (highly trusted), one Tier-2 regulator (trusted), zero Tier-3 regulators (average risk), and one Tier-4 regulator (high risk). XM Group is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), the Financial Conduct Authority (FCA) via its parent company's other brand Trading.com, and regulated in the European Union via the MiFID passporting system.

Can I trust DooPrime?

DooPrime is not publicly traded and does not operate a bank. DooPrime is authorised by four Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and three Tier-4 regulators (High Risk). DooPrime is authorised by the following Tier-1 regulators: Securities Futures Commission (SFC), Financial Conduct Authority (FCA), Commodity Futures Trading Commission (CFTC), and regulated in the European Union via the MiFID passporting system

Is XM Group good?

XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.

Is DooPrime good?

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.

What is the minimum deposit requirement for opening an account with XM Group?

To open a trading account with XM Group, you'll need to make an initial minimum deposit of $5.

What is the minimum deposit requirement for opening an account with DooPrime?

DooPrime requires a minimum deposit of $100 before you can open an account and start trading.

What funding options does each broker offer?

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. XM Group offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw) for banking, whereas DooPrime provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw)

Does XM Group or DooPrime offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that XM Group offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

Is XM Group or DooPrime safer for forex and CFDs trading?

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that Both XM Group and DooPrime hold 4 global Tier-1 licenses. XM Group holds 1 global Tier-2 licenses, while DooPrime holds 0.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that XM Group (88) earned a higher Trust Score than DooPrime (83).

Which trading platform is better: XM Group or DooPrime?

To compare the trading platforms of both XM Group and DooPrime, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, DooPrime offers a better experience. With research, XM Group offers superior market research. Finally, we found DooPrime to provide better mobile trading apps.

Here’s what trading platforms are available at XM Group:

  • Proprietary Platform - No
  • Web Platform - Yes
  • cTrader - No
  • DupliTrade - No
  • MT4 - Yes
  • MT5 - Yes
  • ZuluTrade - No
  • TradingView - No
XM Cyprus MT5 desktop trading platform order window XM Cyprus MT5 desktop trading platform watchlist

Here’s what trading platforms are available at DooPrime:

  • Proprietary Platform - Yes
  • Web Platform - Yes
  • cTrader - No
  • DupliTrade - No
  • MT4 - Yes
  • MT5 - Yes
  • ZuluTrade - No
  • TradingView - No

What about MetaTrader? How about copy trading?

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both XM Group and DooPrime offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. XM Group and DooPrime both offer copy trading.

What can I trade with each broker?

DooPrime provides traders 60 currency pairs (e.g., EUR/USD) compared to XM Group's 55 available pairs. If you are interested in trading CFDs, DooPrime offers traders access to 10000 CFDs, while XM Group offers access to 1429 CFDs; so DooPrime offers 8571 more CFDs than XM Group.

We found in our testing that DooPrime offers a more diverse selection of investment options than XM Group, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Int'l Stock Trading (Non CFD), Cryptocurrency (Derivative) and Social Trading / Copy Trading. Neither have Cryptocurrency (Physical) and Spread Betting.

Overall winner: XM Group

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announcementPlease 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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