According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $100
- MT4
- MT5
- In Trade
- FCA UK
- ASIC
- SEC
- VFSC
- TCSP Hong Kong
- FSC Mauritius
- FSA Seychelles
- 2015
Our Evaluation of Doo Prime
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Doo Prime is a moderate-risk broker with the TU Overall Score of 6.9 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Doo Prime clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Doo Prime is a broker suitable for active and social trading, as well as investing in managed accounts.
Brief Look at Doo Prime
Doo Prime is a brokerage company that has been providing financial instruments for trading since 2014. The company offers clients access to the Forex market, CFDs on indices, stocks, futures, metals, and commodities. Doo Prime operates under licenses from the U.K.'s FCA (Financial Conduct Authority), Hong Kong's TCSP (Trust or Company Service Providers), the U.S. SEC (Securities and Exchange Commission), Mauritius' MU FSC (The Financial Services Commission), Vanuatu's VFSC (Vanuatu Financial Services Commission), Australia's ASIC (Australian Securities and Investment Commission), and Seychelles' FSA (Financial Services Authority). The company has offices in Dallas, Texas, Ho Chi Minh City (Vietnam), Dubai (U.A.E), and ten other cities.
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- Operations are based on licenses from seven different financial regulatory organizations.
- Broker offers over 10,000 various financial instruments.
- There are three trading account types for both beginners and professionals.
- Availability of PAMM and MAM accounts for passive investing.
- Cent accounts for trading with reduced risks.
- The broker does not offer cryptocurrency trading.
- There is no first-deposit bonus for new clients.
- There is a limited variety of deposit and withdrawal methods.
TU Expert Advice
Financial expert and analyst at Traders Union
Doo Prime has been operating in the financial markets for almost 10 years. Over this time, the company has demonstrated high rates of development and rightfully earned a reputation as one of the most client-oriented brokers. Doo Prime offers comfortable trading conditions, allowing users to choose based on their experience. For beginners, there's the CENT account, while professionals can trade on an STP or ECN account. Spread sizes depend on the account type, with the highest on the CENT account and the lowest on the ECN account. Doo Prime collaborates with over 20 liquidity providers, ensuring traders always receive favorable and competitive quotes.
Doo Prime provides classic MT4 and MT5 trading platforms, as well as its proprietary mobile trading software, In Trade. The leverage ratio goes up to 1:1000 depending on the trading instrument. Spreads start from 0.1 pips, but their size also depends on the account type. The minimum deposit for CENT and STP accounts is $100, while for ECN accounts, it's $5,000.
Doo Prime offers multiple communication channels for client support, and the operators respond quickly, guiding all inquiries. The company's website contains essential legal information, including details about the organizations that have granted licenses to Doo Prime. Additionally, the broker regularly publishes financial news, along with educational and analytical materials.
Doo Prime Trading Conditions
Your capital is at risk. 79.43% of retail investor accounts lose money when trading CFDs with this provider. Doo Prime Ltd and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
| 💻 Trading platform: | МТ4, МТ5, In Trade |
|---|---|
| 📊 Accounts: | Demo, cent, STP, ECN, Followme, and Myfxbook |
| 💰 Account currency: | USD |
| 💵 Deposit / Withdrawal: | Bank transfer, credit and debit cards, electronic systems such as Skrill, EPay, FasaPay, and HWGC |
| 🚀 Minimum deposit: | $100 |
| ⚖️ Leverage: | Up to 1:1000 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,10 pips |
| 🔧 Instruments: | Currency pairs, CFDs on stocks, futures, indices, metals, and commodities. |
| 💹 Margin Call / Stop Out: | Stop out — 30% |
| 🏛 Liquidity provider: | More than 20 international banks |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market execution |
| ⭐ Trading features: | Free VPS server on a deposit of 5,000 USD or more |
| 🎁 Contests and bonuses: | Yes |
Doo Prime offers trading in over 10,000 instruments, with CENT, STP, and ECN accounts available. Traders can use MetaTrader 4/5 trading platforms and the proprietary mobile platform, In Trade. Clients have trading leverage ranging from 1:1 to 1:1000, and they can expect quick order execution within 50 milliseconds. Beginners can practice on a demo account, while experienced market participants can use it to test conditions and refine trading strategies.
Doo Prime Key Parameters Evaluation
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Trading Account Opening
To begin trading with Doo Prime, register on the broker's website and open a trading account. The registration process looks as follows:
On the Doo Prime company website, click on "Register" or "Join us."
Fill out a brief registration form, where you provide your phone number or email, create a password, agree to the rules and privacy policy, and click “Sign Up.”
Features of Doo Prime’s user account:
Your Doo Prime user account also allows you to:
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Fund and withdraw funds, and transfer between accounts.
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Change personal information and passwords.
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Transaction history on trading accounts, statistics for social trading, and the partner program.
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Download installation files for trading platforms.
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Contact client support through tickets.
Regulation and safety
Doo Prime has a safety score of 10/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Regulated in the UK
- Track record over 10 years
- Strict requirements and extensive documentation to open an account
Doo Prime Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 FCA UK |
Financial Conduct Authority | United Kingdom | Up to £85,000 | Tier-1 |
 VFSC |
Vanuatu Financial Services Commission | Vanuatu | No specific fund | Tier-3 |
 ASIC |
Australian Securities and Investments Commission | Australia | No specific fund but has stringent consumer protection | Tier-1 |
 FINMA |
Swiss Financial Market Supervisory Authority | Switzerland | CHF 100,000 | Tier-1 |
 SEC |
Securities and Exchange Commission | United States | Up to $500,000 for SIPA members | Tier-1 |
 FSC (Mauritius) |
Financial Services Commission of Mauritius | Mauritius | No specific fund | Tier-3 |
 FSA (Seychelles) |
Financial Services Authority of Seychelles | Seychelles | No specific fund | Tier-3 |
Doo Prime Security Factors
| Foundation date | 2015 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Doo Prime have been analyzed and rated as Low with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Doo Prime with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Doo Prime’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Doo Prime Standard spreads
| Doo Prime | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,1 | 0,5 | 0,1 |
| EUR/USD max, pips | 0,3 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,2 | 0,4 | 0,1 |
| GPB/USD max, pips | 0,7 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Doo Prime RAW/ECN spreads
| Doo Prime | Pepperstone | OANDA | |
| Commission ($ per lot) | 3,50 | 3 | 3,5 |
| EUR/USD avg spread | 0,10 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,15 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Doo Prime. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Doo Prime Non-Trading Fees
| Doo Prime | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
Doo Prime offers three trading account types, including ECN with direct access to liquidity providers. Leverage on all accounts is up to 1:1000, and trading can be done on any version of the broker-provided trading platform. In addition to the main accounts, Doo Prime has two additional ones, one for social trading and the other for diversified portfolios.
Account types:
Demo accounts can be opened on any trading platform. Doo Prime is a broker with a good selection of accounts for active trading, making it suitable for both novice and professional traders.
Deposit and withdrawal
Doo Prime received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Doo Prime provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank wire transfers available
- No withdrawal fee
- Minimum deposit below industry average
- Supports 5+ base account currencies
- BTC not available as a base account currency
- PayPal not supported
- USDT payments not accepted
What are Doo Prime deposit and withdrawal options?
Doo Prime provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire.
Doo Prime Deposit and Withdrawal Methods vs Competitors
| Doo Prime | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are Doo Prime base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Doo Prime supports the following base account currencies:
What are Doo Prime's minimum deposit and withdrawal amounts?
The minimum deposit on Doo Prime is $100, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Doo Prime’s support team.
Markets and tradable assets
Doo Prime offers a wider selection of trading assets than the market average, with over 10000 tradable assets available, including 120 currency pairs.
- 120 supported currency pairs
- Indices trading
- Copy trading platform
- Crypto trading not available
- Bonds not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Doo Prime with its competitors, making it easier for you to find the perfect fit.
| Doo Prime | Plus500 | Pepperstone | |
| Currency pairs | 120 | 60 | 90 |
| Total tradable assets | 10000 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | No | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products Doo Prime offers for beginner traders and investors who prefer not to engage in active trading.
| Doo Prime | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | Yes | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | Yes | No | Yes |
| Managed accounts | No | No | No |
Customer support
The client support team is available 24/7.
Advantages
- You can reach out to support at any time.
- There is a feedback form available on the website.
Disadvantages
- The online chat does not provide detailed information about trading conditions.
- There is no option to request a callback.
You can contact Doo Prime’s support via:
Phone.
Feedback form.
Tickets in the user account.
Email.
Online chat.
Doo Prime provides seven phone numbers for contacting consultants in different regions, allowing many clients to communicate.
Contacts
| Foundation date | 2015 |
|---|---|
| Registration address |
Doo Prime Vanuatu Ltd, Govant Building, Po Box 1276, Port Vila, Vanuatu Doo Prime Limited, Fifth Floor, Zephyr House, 122 Mary Street, George Town, P.O. Box 31493, Grand Cayman KY1-1206, Cayman Islands |
| Regulation | FCA UK, ASIC, SEC, VFSC, TCSP Hong Kong, FSC Mauritius, FSA Seychelles |
| Official site | https://www.dooprime.com/en/ |
| Contacts |
Education
The Doo Prime website offers an extensive education section, accessible only after registration in the user account. The broker provides information about financial markets that is beneficial for both beginners and professionals.
The broker offers cent accounts, making it recommended for novice traders to start trading on them. After consolidating acquired knowledge, traders can transition to a standard account.
Comparison of Doo Prime with other Brokers
| Doo Prime | Eightcap | XM Group | RoboForex | VT Markets | Vantage Markets | |
| Trading platform |
In Trade, MT4, MT5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MetaTrader4, MetaTrader5, VT Markets App, Web Trader+ | MT4, MT5, TradingView, ProTrader, Vantage App |
| Min deposit | $100 | $100 | $5 | $10 | $50 | $50 |
| Leverage |
From 1:1 to 1:1000 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | Yes | No |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 0.1 points | From 0 points | From 0.8 points | From 0 points | From 0 points | From 0 points |
| Level of margin call / stop out |
No / 30% | 80% / 50% | 100% / 50% | 60% / 40% | No / 50% | 100% / 50% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | No | No |
Detailed review of Doo Prime
Doo Prime strives to create the most comfortable and transparent conditions for its clients. Throughout its existence, the company has developed and implemented new technologies aimed at improving the quality of services and adding various useful options. The broker's website features a "Help Centre" with answers to the most frequently asked questions. In the user account, clients have access to MTE Media, a section with news, analytics, and a wealth of useful information.
Doo Prime by the numbers:
There are over 10,000 trading instruments.
The broker has been 10 years in the brokerage services industry.
Leverage is up to 1:1000.
There are over 90,000 clients worldwide.
More than 250 institutional partners.
Doo Prime is a broker for active trading and investment in PAMM and MAM accounts
Doo Prime offers several account types suitable for both beginners and professional traders. The company provides ECN accounts for experienced market participants with the ability to trade directly with liquidity providers. On these accounts, the most favorable conditions are offered due to reduced spreads and better quotes. Doo Prime clients have access to six groups of financial assets. For those who prefer passive investments, there are PAMM and MAM accounts, as well as access to copy trading from successful traders. The company does not restrict the use of advisors and or other trading strategies.
Doo Prime clients trade on the classic MT4 and MT5 trading platforms, as well as in the proprietary mobile application, In Trade. The In Trade software is optimally adapted for the simultaneous management of multiple accounts, making it frequently used by PAMM and MAM managers.
Doo Prime’s analytical services:
VPS (Virtual Private Server) for uninterrupted trading in case of internet or power issues.
Outrade. It is a social trading network with over 100,000 traders and 140,000 profitable orders.
FIX API. It is a protocol for fast and secure exchange of financial information.
Daily reporting for all client types: traders, investors, and partners.
Economic calendar for predicting events that may impact the market and prices.
Advantages:
A social trading platform is available for copying trades.
A user account with access to analytical and educational materials.
Both classic and proprietary trading platforms are provided.
Client funds are stored in segregated accounts.
A demo account is available for trading with virtual funds.
Account funding can be done in 23 currencies with conversion to USD.
In the company's user account, a ticket system is available to all clients, allowing them to reach out to Doo Prime staff for assistance and consultations.
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