Written by ForexBrokers.com
In this head to head comparison of DooPrime vs Xtrade, 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.
DooPrime, established in 2014, is an online broker that holds four Tier-1 licenses, aligning it with the category deemed highly trusted by ForexBrokers.com. With a Trust Score of 83, DooPrime is considered a trusted option in the market. This broker is not publicly traded and does not operate as a bank, maintaining a focus on providing services to its clients within a secure framework.
Founded in 2003, Xtrade is another online broker in the trading industry. It holds one Tier-1 license and one Tier-2 license, signifying a classification of average risk. Xtrade's Trust Score of 74 is reflective of its standing in the ForexBrokers.com rating system. Similar to DooPrime, Xtrade is not traded publicly and does not function as a bank, striving to offer a reliable trading environment to its users.
| Feature |
DooPrime
|
Xtrade
|
|---|---|---|
| Year Founded | 2014 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When comparing online brokers DooPrime and Xtrade in terms of their commissions and fees, both have room for improvement, with DooPrime slightly ahead. DooPrime receives a 3-star rating, placing it somewhat higher on the affordability scale among brokers, while Xtrade garners a 2.5-star rating. Despite this, detailed average spread data is unavailable for both, leaving traders wanting more transparency to make informed choices.
In the competitive landscape of 63 brokers ranked by ForexBrokers.com, DooPrime sits at #59 for commissions and fees, suggesting that while it is among the more competitive brokers, there are still many others that potentially offer better terms. In contrast, Xtrade is positioned last at #63, indicating that its fees might be higher or less favorable compared to other options in the market. Without precise spread data, picking between them comes down to other factors in their offerings.
Ultimately, traders considering these brokers should weigh the overall package each offers, beyond just commissions and fees, since the star ratings and rankings highlight there are more competitive alternatives out there. Being informed about trading conditions, available tools, and client support can also guide a better choice for trading success.
| Feature |
DooPrime
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $100 | $250 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| 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 the array of investment options offered by DooPrime and Xtrade, it's clear that DooPrime provides a broader scope for investors. DooPrime allows clients to explore a staggering 10,000 tradeable symbols, including 60 forex pairs. This is significantly more than Xtrade, which offers just 482 tradeable symbols and 56 forex pairs. Moreover, DooPrime gives clients access to trade exchange-traded securities on both U.S. and international exchanges, making it possible for investors to buy shares like Apple or Vodafone directly. In contrast, Xtrade does not provide this option for exchange-traded securities. Additionally, DooPrime supports copy trading, which is absent from Xtrade's services.
Despite Xtrade's ability to offer cryptocurrency derivatives, a benefit for those interested in crypto markets, DooPrime's expansive range of other offerings helps it achieve higher marks in investment diversity. This is reflected in the ratings, where DooPrime earns 5 out of 5 stars for its range of investments, while Xtrade receives 3.5 stars. Consequently, DooPrime ranks 12th out of 63 brokers in the Range of Investments category according to ForexBrokers.com, whereas Xtrade ranks 49th. For investors seeking a comprehensive platform with a wide variety of tradeable options, DooPrime presents a more versatile and extensive choice compared to Xtrade.
| Feature |
DooPrime
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 482 |
| Forex Pairs (Total) | 60 | 56 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | No |
| 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.
When comparing the trading platforms and tools of DooPrime and Xtrade, both brokers offer a range of features designed to enhance the trading experience for their users. Both DooPrime and Xtrade provide simulated trading through virtual demo accounts, allowing traders to practice without financial risk. Each broker has developed its own proprietary platforms to cater to unique trading needs. However, DooPrime stands out with its additional support for popular platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which Xtrade lacks. Furthermore, DooPrime provides a Windows-based desktop platform, while Xtrade offers only web-based options. The ability to trade directly from stock charts is available on both platforms, catering to traders who value efficiency.
In terms of platform flexibility, DooPrime includes copy trading features, while Xtrade does not. Charting tools are another point of contrast, with Xtrade providing a greater variety of 100 drawing tools compared to DooPrime's 15. However, DooPrime offers more in terms of watch list customization with 9 data fields versus Xtrade's 7. When rated for their trading platforms and tools, DooPrime earns 4 out of 5 stars and is ranked 25th out of 63 brokers by ForexBrokers.com. In comparison, Xtrade scores 3.5 stars and is ranked 58th. This ranking and rating reflect DooPrime's broader platform support and additional trading features, making it a more versatile choice for many traders.
| Feature |
DooPrime
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | N/A |
| Charting - Drawing Tools (Total) | 15 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both DooPrime and Xtrade provide mobile trading apps for iPhone and Android users, ensuring accessibility for traders on the go. DooPrime stands out with its ability to send stock and forex price alerts directly to your phone, a feature Xtrade lacks. While neither app synchronizes watchlists between mobile and online accounts, DooPrime enriches the trading experience with the capability to draw trendlines and explore multiple time frames on stock or forex charts. This, coupled with the ability to auto-save chart drawings, makes it a more versatile option for traders who rely heavily on technical analysis.
When it comes to charting tools, DooPrime offers 30 technical studies, enhancing your ability to perform in-depth analysis right from your mobile device. In contrast, Xtrade doesn’t specify its offerings in this category. Additionally, DooPrime enables the creation of watchlists with real-time quotes, unlike Xtrade. Despite both achieving a four-star rating for their mobile trading apps, DooPrime holds a more favorable position, ranking 25th out of 63 brokers on ForexBrokers.com, compared to Xtrade's 53rd position. These distinctions underscore DooPrime’s focus on providing a comprehensive suite of tools for mobile traders.
| Feature |
DooPrime
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
Both DooPrime and Xtrade cater to market research needs with daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. While neither platform provides technical tools from Autochartist or sentiment-based trading tools, they do offer economic calendars to keep traders informed about global news events. However, DooPrime stands out by providing tools from Trading Central, which Xtrade does not offer. Both brokers lack additional research resources from TipRanks and Acuity Trading, such as the Signal Centre.
In terms of ratings, DooPrime edges ahead with 4 stars compared to Xtrade's 3.5 stars for research resources, according to ForexBrokers.com. When considering the rankings among 63 brokers, DooPrime is placed at #29, significantly higher than Xtrade, which is ranked at #52. This difference suggests that traders looking for a more enriched research experience might prefer what DooPrime has to offer over Xtrade.
| Feature |
DooPrime
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both DooPrime and Xtrade offer valuable content, but they differ in certain areas. DooPrime excels in providing a variety of educational materials, offering at least ten beginner-friendly videos on trading topics, making it an attractive option for newcomers. It also provides advanced videos, catering to both beginners and more experienced traders. While DooPrime doesn't offer regular webinars or a searchable archive of past webinars, it still garners a high 4-star rating for its educational efforts and holds the 25th position out of 63 brokers in the Education category on ForexBrokers.com.
In contrast, Xtrade provides educational pieces, including articles and videos, focused on forex and CFDs, making it a solid choice for those starting their trading journey. However, it falls short in offering specialized beginner videos, lacking the in-depth video content that DooPrime provides. On the plus side, Xtrade includes a comprehensive investor dictionary with definitions of over 50 investing terms, a useful tool for novices. Despite this, Xtrade's offerings earn it a slightly lower education rating of 3.5 stars and a 46th place ranking in the ForexBrokers.com Education category. Choosing between the two depends largely on personal preferences for video content and specific educational needs.
| Feature |
DooPrime
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| 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 | Yes |
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 Xtrade. DooPrime finished with an overall rank of #28, while Xtrade finished with an overall rank of #60.
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
|
Xtrade
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 83 | 74 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
When comparing DooPrime and Xtrade, neither platform offers the ability to buy actual (delivered) cryptocurrencies, but while DooPrime does not provide access to cryptocurrency derivatives, Xtrade does offer the ability to trade cryptocurrency derivatives.
In a comparison of online brokers, DooPrime and Xtrade both support Skrill, Visa, Mastercard, and bank wire transfers for depositing or withdrawing account funds, but only DooPrime offers PayPal, while neither provide ACH or SEPA transfer options.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | DooPrime | Xtrade | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 83 | 74 | |
| Winner | check_circle | ||
| Review | Xtrade Review |
| Broker Screenshots | DooPrime | Xtrade | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
| Education Gallery (click to expand) |
| Regulation | DooPrime | Xtrade | |
|---|---|---|---|
| Trust Score | 83 | 74 | |
| Year Founded | 2014 | 2003 | |
| 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 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | Xtrade | |
|---|---|---|---|
| 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 | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | DooPrime | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 482 | |
| Forex Pairs (Total) | 60 | 56 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Xtrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $100 | $250 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| 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 | Xtrade | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | DooPrime | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 30 | N/A | |
| Charting - Drawing Tools (Total) | 15 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | DooPrime | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | DooPrime | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| 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 | Yes |
| Major Forex Pairs | DooPrime | Xtrade | |
|---|---|---|---|
| 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 | Xtrade Review |
| Overall | DooPrime | Xtrade | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 83 | 74 | |
| Winner | check_circle | ||
| Review | Xtrade Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill