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Darwinex , Doo Prime Broker Comparison

Do you want to know which is the better broker between Darwinex and Doo Prime ?

In the table below, you can compare the features of Darwinex , Doo Prime side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2  brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Official website
Basic Information
Established(years)
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed(ms)
The highest transaction speed(ms)
The highest speed of opening positions(ms)
The highest speed of closing position(ms)
Slowest transaction speed(ms)
The lowest speed of opening positions (ms)
The lowest speed of closing position(ms)
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost (USD/Lot)
Rollover Cost
Rollover cost rating
  • Average Rollover Cost (USD/Lot)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time(ms)
Account Information
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
6.9
Regulated
No guarantee
10-15 years
FCA
Supported
Not supported
--
AA
AAA
193.5
2
2
2
1766
1766
985
AAA

EURUSD:-0.1

EURUSD:-0.1

20
-1
20
AA

EURUSD:8.57

XAUUSD:22.95

A

EURUSD: -7.41 ~ 1.97

XAUUSD: -47.52 ~ 30.53

AA
0.1
11.4
200 US stocks
10,000
--
--
--
--
--
--
7.01
Domestic Regulation
No guarantee
--
5-10 years
FSA,LFSA,FINRA,VFSC,ASIC
Supported
Supported
--
AA
C
710.3
78
172
78
1999
1999
1999
AAA

EURUSD:-0.3

EURUSD:-3.1

29
-5
29
AA

EURUSD:10.87

XAUUSD:20.57

AA

EURUSD: -3.2 ~ 0.41

XAUUSD: -16.37 ~ 8.92

AAA
0.3
69.1
Securities, Futures, Forex, Metals, Commodities, Stock Indices
100 USD
--
--
--
--
0.01
--

Score
Regulatory Status
Regulated
Domestic Regulation

Darwinex 、 Doo Prime BrokerRelevant information

Darwinex 、 Doo Prime BrokerRelevant exposure

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of darwinex, doo-prime lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

darwinex
Darwinex Basic Information
Founded in 2012
Headquarters London, United Kingdom
Regulation FCA
Minimum Initial Deposit $500
Demo Account Yes
Asset Classes Forex, CFDs, Stocks, Futures
Trading Platforms MT4, MT5
Social/Copy Trading Yes
Maximum Leverage 1:200
Minimum Spread 0.0 pips
Commission From $5 per lot
Payment methods Bank transfers, Credit/debit cards, Skrill, Neteller
Customer support Live chat, Email support, Phone support

Overview of Darwinex

Darwinex is a UK-based financial services firm that offers a range of investment and trading services to clients. The company was founded in 2012 and is regulated by the Financial Conduct Authority (FCA) in the UK. Darwinex is known for its unique trading platform that allows traders to develop and sell their trading strategies to other investors.

Darwinex offers a range of trading instruments, including forex, commodities, indices, and shares, which can be traded on its proprietary trading platform, as well as on MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The company offers both fixed and variable spreads, with the latter starting from 0.0 pips. Darwinex does not charge any commissions on forex trades.

Darwinex offers several account types to cater to the different needs of traders, including a Standard Account, a Professional Account, and a Corporate Account. The Standard Account has a minimum deposit requirement of €500 and offers leverage of up to 1:30 for forex trading.

overview

Is Darwinex Legit or a scam?

Darwinex is a legitimate and regulated broker. It is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom, and it also holds an MiFID (Markets in Financial Instruments Directive) passport for the European Union. Additionally, Darwinex uses segregated bank accounts to hold client funds, which provides an extra layer of security for traders. However, as with any broker, it is important for traders to conduct their own due diligence and research before opening an account with Darwinex or any other broker.

regulation

Market Instruments

Darwinex offers a range of trading instruments in various asset classes, including:

  • Forex currency pairs: Darwinex provides access to major, minor, and exotic currency pairs. Some popular pairs include EUR/USD, GBP/USD, USD/JPY, and AUD/USD.

  • Stock CFDs: Darwinex allows trading on a variety of popular stock CFDs, including Amazon, Apple, Facebook, Google, and Tesla, among others.

  • Commodity CFDs: Traders can also access commodity CFDs such as gold, silver, oil, and natural gas.

  • Index CFDs: Darwinex provides trading on popular index CFDs, such as the US30, UK100, and GER30.

  • ETFs: Darwinex also allows trading on a selection of ETFs, including SPDR S&P 500 ETF, iShares MSCI Emerging Markets ETF, and iShares Core S&P 500 ETF.

Account Types

Darwinex provides its clients with the flexibility to choose from three different types of accounts, each designed to cater to specific needs. The first account type is designed for traders who are more involved in the day-to-day activities of the market. The second and third account type, on the other hand, is designed for investors who prefer to take a more hands-off approach and let their investments grow over time. The minimum deposit to open either account is $10,000.

account-types
account-types
Pros Cons
Classic account allows trading with low spreads and no commission Limited leverage available on Classic account
DarwinIA eligibility to earn performance fees on DARWINs Performance fees on DARWINs
Personalized default leverage up to 1:200 for professional traders No negative balance protection on Classic account
Unlimited trading accounts for traders and investors High minimum deposit of $500
Ability to switch between MT4 and MT5 trading platforms Only two account types available
Stocks DARWIN account provides access to commission-free stocks trading High commission on Futures DARWIN account
Futures DARWIN account provides access to futures trading with low margin requirements Limited futures trading instruments available

How to open a live account?

  1. Visit the Darwinex website and click on the “Open a live account” button.

open-account
  1. Fill out the registration form with your personal information, such as name, email, phone number, and address.

open-account
  1. Select the account type you want to open, either Classic, DARWIN or MetaTrader, and choose the currency of your account.

  2. Complete the verification process by providing a copy of your ID and proof of address. You can upload the documents through your account dashboard.

  3. Choose your preferred deposit method and fund your account with a minimum deposit of $500.

  4. Download and install the trading platform of your choice, either MT4 or MT5.

  5. Start trading by placing your first order.

Leverage

Darwinex offers varying levels of leverage to suit the needs of different traders. The maximum leverage available for forex trading is 1:200, while for stock trading it is 1:20. However, it's important to note that leverage can be a double-edged sword and while it can magnify potential profits, it can also magnify potential losses. Therefore, traders should exercise caution and use appropriate risk management strategies when trading with leverage. Darwinex also offers negative balance protection, ensuring that traders do not lose more than their account balance in the event of significant market movements.

Spreads & Commissions (Trading Fees)

Darwinex operates a variable spread model, meaning that the spread on its trading instruments may vary depending on market conditions. The spread is the difference between the bid and ask price of a trading instrument, and it represents the cost of trading with the broker. The typical spreads offered by Darwinex are competitive, and they start from as low as 0.5 pips on major currency pairs such as EUR/USD.

In terms of commissions, Darwinex charges a commission on trades executed on its MT4 and MT5 trading platforms. The commission charged depends on the type of account and the trading instrument being traded. For example, on the Classic account, the commission charged on forex trades is 0.0035% of the notional value of the trade, with a minimum commission of 2.5 units of the account currency. On the other hand, the commission charged on stocks trades on the DarwinIA account is 0.1% of the notional value of the trade, with a minimum commission of 4 units of the account currency.

 spreads-commissions

Non-trading Fees

Darwinex charges a few non-trading fees, such as inactivity fees and withdrawal fees. The inactivity fee is charged when the account has been inactive for more than 60 days and amounts to €/$/£ 36 per month.However, the inactivity fee is waived for clients with a balance of €500 or more. It is important to note that the inactivity fee may be subject to change, and clients are advised to check the Darwinex website for the latest information on fees and charges.The withdrawal fee varies depending on the payment method, and the minimum withdrawal amount is set at €/$/£ 100.

Trading Platform

Darwinex offers its clients two popular trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are available in desktop, web, and mobile versions, providing traders with the flexibility to choose the platform that best suits their trading needs and preferences.

MetaTrader 4 is one of the most widely used trading platforms in the industry, known for its user-friendly interface and advanced charting capabilities. MT4 supports multiple order types and trading strategies, as well as the use of automated trading systems, also known as Expert Advisors (EAs). Traders can access a range of technical indicators and charting tools, as well as real-time news and market analysis. MT4 also provides a secure and stable trading environment, with fast and reliable trade execution.

MetaTrader 5 is the successor to MT4 and is considered to be an even more advanced platform, with additional features and capabilities. Like MT4, it also supports multiple order types and trading strategies, as well as the use of EAs. MT5 offers more advanced charting tools, with additional timeframes and more technical indicators. It also supports more types of pending orders, including Buy Stop Limit and Sell Stop Limit. Additionally, MT5 provides a built-in economic calendar and a customizable news feed, allowing traders to stay up-to-date with the latest market news and events.

trading-platform

Here is a comparison table of the trading platforms offered by Darwinex, Exness, and IC Markets:

Trading Platform Darwinex Exness IC Markets
MetaTrader 4
MetaTrader 5
cTrader
WebTrader
Mobile Trading
Social Trading
API Trading
VPS Hosting

Deposit & Withdrawal

Darwinex offers several deposit and withdrawal methods for its clients. The available deposit methods are Bank transfer, Visa, Mastercard, Skrill, and UnionPay. It's worth noting that deposits made by bank transfer may take longer to process compared to other deposit methods.

deposit-withdrawal

Minimum Deposit

When it comes to the minimum deposit requirement, Darwinex may not be the most cost-effective option in the market as it requires a minimum deposit of $500, which can be perceived as relatively high compared to some of its competitors in the industry. However, it is worth noting that the minimum deposit amount varies among brokers and is often influenced by various factors such as the type of account, the trading platform, and the financial instruments offered.

Broker Minimum Deposit
Darwinex $500
IG $0
Saxo Bank $10,000
eToro $50
Plus500 $100
AvaTrade $100

When it comes to withdrawals, Darwinex processes them through the same deposit method used. There are no fees charged for withdrawal requests, but it's worth noting that the receiving bank or payment provider may apply their own fees. Darwinex does not charge any inactivity fees, which is a plus for traders who may not be active in their accounts for a certain period of time.

deposit-withdrawal
Pros Cons
Multiple deposit options, including bank transfers, credit/debit cards, Skrill, and UnionPay. High minimum deposit requirement of $500.
Fast and secure deposit processing. Withdrawal fees for some methods.
No deposit fees. Limited withdrawal options compared to other brokers.
No withdrawal fees for the first 30 days of each calendar month. Only one free withdrawal per month.
Additional security measures, such as two-factor authentication and segregated client accounts. Withdrawal processing times may take longer than other brokers.

Customer Support

Darwinex offers several customer support channels to its clients. The broker provides customer support in English and Spanish through email, phone, and live chat.

Clients can reach out to Darwinex's customer support team through email at support@darwinex.com. The broker also has a phone line that clients can use to contact customer support during market hours. Additionally, clients can get in touch with Darwinex's support team through live chat, which is available on the broker's website.

Darwinex also has an extensive FAQ section on its website, which covers a range of topics such as account opening, funding and withdrawals, trading, and more. The broker's website also features a knowledge base that clients can use to learn about various aspects of trading and investing.

customer-support
customer-support

Educational Resources

Darwinex offers a range of educational resources to help traders develop their skills and knowledge. They provide regular webinars, articles, and trading guides covering a range of topics such as trading psychology, risk management, technical analysis, and more. They also offer a blog where traders can keep up to date with the latest market news and analysis.

In addition, Darwinex has a community section where traders can share ideas and interact with each other. This provides a platform for traders to learn from each other, share experiences, and get support from the community.

educational-resources

Conclusion

Darwinex is a regulated online broker that provides access to a range of financial instruments, including forex, stocks, and futures. The broker offers a choice of trading platforms, including MT4 and MT5, and competitive spreads and commissions. However, the minimum deposit requirement of $500 may be considered high compared to some other brokers, and the range of payment methods is limited. Darwinex also offers some educational resources and customer support in multiple languages, although some traders may find these to be limited. Overall, Darwinex may be a suitable choice for experienced traders looking for a range of instruments and competitive trading conditions, but beginner traders may find the broker's high minimum deposit and limited educational resources challenging.

FAQs

  • Q: What is Darwinex?

    A:Darwinex is a UK-based online broker that provides access to forex, stock, and commodity markets. It also offers social trading services where traders can buy and sell trading strategies.

  • Q: Is Darwinex regulated?

    A:Yes, Darwinex is regulated by the Financial Conduct Authority (FCA) in the UK.

  • Q: What trading platforms does Darwinex offer?

A: Darwinex offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.

  • Q: What account types are available at Darwinex?

A:Darwinex offers three types of accounts, including Classic, Stocks Darwin and Futures Darwin.

Q: What is the minimum deposit required to open an account at Darwinex?

A:The minimum deposit required to open a Classic account is $500.

doo-prime

Let's start here:

Doo Prime is a regulated broker offering 10,000+ popular trading products with spreads starting at 0.1 pips. The platform provides access to MT4, MT5, Doo Prime InTrade, TradingView, and copy trading. While it appears promising, let's dive deeper to assess if it truly meets its claims of providing an exceptional trading environment.

Quick Doo Prime Review in 10 Key Points
Registered inUK
Regulated byFSA (Offshore), FINRA, LFSA, VFSC (Offshore), ASIC
Years of Establishment2014
Trading InstrumentCurrency pairs, indices, commodities, metals, energy, stocks, futures, securities
Minimum Initial Deposit$100
Maximum Leverage1:1000
Minimum SpreadFrom 0.1 pips
Trading PlatformMT4, MT5, Doo Prime InTrade, TradingView
Deposit & Withdrawal MethodVISA, Mastercard, Skrill, Neteller, epay, etc.
Customer ServiceEmail/ phone number /live chat /24/7

What is Doo Prime?

Doo Prime is a wholly-owned subsidiary of Doo Prime Holding Group, founded in 2014, headquartered in London, UK, with operations offices in Hong Kong, Taipei, Dallas, Kuala Lumpur, and Singapore.

Doo Prime offers a diverse selection of tradable assets, including forex, contracts for difference (CFDs), indices, and cryptocurrencies. Doo Prime caters to a diverse range of traders by offering different account types to suit individual preferences. The Cent account is designed for beginners and those who prefer to start with smaller trade sizes, while the STP (Straight-Through Processing) and ECN (Electronic Communication Network) accounts are more suitable for experienced traders seeking direct market access and tighter spreads. Traders can commence their trading journey with a minimum deposit of $100, providing accessibility to a wide range of investors.

In terms of leverage, Doo Prime offers flexibility with leverage options of up to 1:1000, supporting multiple trading platforms to cater to various trading styles and preferences. The widely recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms provide an extensive range of analytical tools, indicators, and expert advisors for comprehensive market analysis and automated trading. The Doo Prime Intrade platform, tailored specifically for Doo Prime clients, offers advanced charting features and execution capabilities. Furthermore, the integration of TradingView, a popular charting and social trading platform, provides traders with additional flexibility and convenience.

Lastly, acknowledging the significance of customer support, Doo Prime provides 24/7 assistance through various channels, including email, live chat, and telephone.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.

We will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.

basic-info

Is Doo Prime Legit?

Yes, Doo Prime is legally operating in different jurisditions, as it is subject to regulatory oversight from multiple regulatory authorities, FSA (Financial Services Authority) in Seychelles, FINRA (Financial Industry RegulatoryAuthority), LFSA (Labuan Financial Services Authority), VFSC (Vanuatu Financial Services Commission), and ASIC (Australia Securities & Investment Commission).

Regulated Country Regulated AuthorityRegulated Entity License Type License Number
FSA
FSADoo Prime Vanuatu LimitedRetail Forex LicenseSD090
FINRA
FINRAPETER ELISH INVESTMENTS SECURITIESFinancial Service24409 / SEC: 8-41551
LFSA
LFSADoo Financial Labuan LimitedStraight Through Processing (STP)MB/23/0108
VFSC
VFSCDoo Prime Vanuatu LimitedRetail Forex License700238
ASIC
ASIC DOO FINANCIAL AUSTRALIA LIMITEDInvestment Advisory License222650

Doo Prime Seychelles Limited, its entity in Seychelles, is authorized and regulated by the Seychelles Financial Services Authority (FSA) under regulatory license number SD090, holding a license for Retail Forex operation.

Offshore regulated by FSA

PETER ELISH INVESTMENTS SECURITIES, its entity in the United States, is authorized and regulated by the Financial Industry Regulatory Authority (FINRA) under regulatory license number 24409 / SEC: 8-41551, holding a license for Financial Service.

Regulated by FINRA

Doo Financial Labuan Limited, its entity in Malaysia, is authorized and regulated by the Labuan Financial Services Authority (LFSA) under regulatory license number MB/23/0108, holding a license for Straight Through Processing (STP).

Regulated by VFSA

Doo Prime Vanuatu Limited, its entity in Vanuatu, is authorized and regulated by the Vanuatu Financial Services Commission (VFSC) under regulatory license number 70038, holding a license for retail forex operation as well.

Offshore regulated by VFSC

DOO FINANCIAL AUSTRALIA LIMITED, its Australian entity, is authorized and regulated by the Australia Securities & Investment Commission (ASIC) under regulatory license number 222650, holidng a license for Investment Advisory Lincense.

Regulated by ASIC

Pros & Cons

Doo Prime offers over 10,000 popular tradable assets, and multiple trading platforms, providing flexibility and choice for traders. Furthermore, the availability of social trading features is proovided. However, traders should be mindful of the commission charged per trade and the limitations in terms of educational resources and account customization. Additionally, Doo Prime's promotional offerings may be limited. Overall, traders should carefully consider these pros and cons when evaluating Doo Prime as a potential brokerage option.

ProsCons
  • Operates under a strong regulatory frame
  • Lacks fee details
  • Multiple trading platform choices
  • Limited educational contents compared to some other brokers
  • Various tradable assets, including forex, CFDs, indices, and cryptocurrencies
  • No promotions or bonuses provided
  • Social trading features supported
  • Multiple payment methods

Market Instruments

Trading AssetsAvailable
Securities
label
Futures
label
Forex
label
Precious Metals
label
Commodities
label
Stock Indices
label

Doo Prime offers a comprehensive range of market instruments to cater to the diverse trading needs of its clients. These instruments encompass a variety of asset classes, including securities, futures, forex, precious metals, commodities, and stock indices.

products

Doo Prime Minimum Deposit

To open a most basic account, that is Cent Account, $100 is required, same as its standard account requirement. However, $100 to open a cent account is a little bit sticky, compared to HTFX's $5 to open a cent account. Well, $100 to open a standard account is acceptable.

Here is a table to show Doo Prime's minimum deposit with other brokers:

BrokerMinimum Deposit
label
$100
label
$200
label
$100
label
$1

Account Types

Doo Prime offers three types of live trading accounts tailored for different trading needs:

Account TypeCENTSTPECN
Account Currency USD
Minimum Deposit$100$100$5,000
SpreadsHighMediumLow
Free Demo
label
label
label
Expert Advisor
label
label
label
Hedging Positions
label
label
label
Order ExecutionMarket Execution

The Cent account is designed for those who are starting their trading journey or prefer to trade with smaller volumes. With a minimum deposit of $100, the Cent account provides accessibility to the markets without the availability of a demo account. Traders can gradually build their trading skills and experience while managing lower trade sizes.

For traders looking for a Standard account, Doo Prime offers an option with a minimum deposit of $100. This account type allows traders to access a wider range of trading opportunities. The Standard account also provides the advantage of a demo account, enabling traders to practice their strategies and familiarize themselves with the platform before engaging in live trading. This feature helps traders gain confidence and refine their trading approach.

Doo Prime also offers an ECN account, specifically designed for more experienced traders seeking direct market access and enhanced trading conditions. With a higher minimum deposit requirement of $5000, the ECN account provides access to deep liquidity and tight spreads. Similar to the Standard account, the ECN account also includes a demo account option, allowing traders to test and fine-tune their trading strategies in a risk-free environment.

Doo Prime Demo Account

Notably, Doo Prime restricts demo accounts to Standard and ECN account holders. Additionally, if clients don't log in to their demo accounts for over 60 days, those accounts become inactive.

Here are some easy steps for you to open a demo account:

Step 1:Visit Doo Prime – Official Website and click “Demo Account”on the top right corner.

Step 2: Account Registration: Simply enter your phone number and email on the registration interface, choose verification via email or phone, click “Send Verification Code,” set your password upon successful verification, and then agree to the terms before clicking “Submit Registration.”

demo -account

Step 3: Add a demo account: In the Doo Prime User Center, go to the homepage and choose “Add Account” below the demo account section.

demo-account

Step 4: Customize your demo account: You can add an account by selecting the “Creation method,” “Trading Platform,” “Basic Account Type,” “Account Currency,” “Leverage,” and specifying the “Deposit Amount.” Then, set your “Trading Password” and “Read-only Password” to complete the process.

demo-account

Step 5: Demo account is sucessfully opened: Once registration is complete, users can access their personal mailbox to retrieve their demo account login details, which include the chosen “Trading Platform,” “Demo Account,” and “Server Name.”

demo-account

To add your demo account funds, follow just two steps:

Step1: Within the Doo Prime User Center's Demo Account screen, simply click the gear icon located in the upper right corner.

demo-account

Step 2: Input the desired deposit amount into the “Deposit” field, then confirm by clicking “Yes.”

demo-account

Then, the added amount will be displayed in the demo account.

Leverage

Leverage, in the context of trading, refers to the ability to control a larger position in the market with a smaller amount of capital. Doo Prime offers leverage of up to 1:1000. This means that for every dollar of trading capital, traders can control a position up to 1000 times larger.

Leverage is a double-edged sword, whch means it has the potential to magnify both profits and losses. When used wisely, leverage can amplify trading gains and allow traders to capitalize on market opportunities with a smaller investment. However, it's important to note that leverage also increases risk exposure. If the market moves against a leveraged position, losses can accumulate rapidly, potentially exceeding the initial investment.

Spreads & Commissions

Doo Prime offers spreads starting from 1 pip with a commission of USD 10 per trade. Spreads represent the difference between the bid and ask price of a financial instrument, indicating the cost that traders incur when entering a trade. With spreads starting from 1 pip, Doo Prime provides a competitive pricing structure that may appeal to traders seeking cost-effective trading opportunities.

In addition to spreads, Doo Prime applies a commission of USD 10 per trade. The commission is a fixed fee charged on each trade executed by the trader. This transparent commission structure ensures clarity regarding the cost of trading, allowing traders to accurately assess the expenses associated with their transactions.

spread-commission

Trading Platforms

As for the trading platform, Doo Prime provides its clients with many options. There are public platforms such as tradingview, MT5 and MT4 that have served many clients worldwide, also Doo Prime's own platform Doo Prime InTrade. If you didn't want to spend time familiarizing yourself with a new platform, you could choose public platforms. But Doo Prime's own platform provides better compatibility with businesses, as they are specially developed and customized platforms. The choice is yours.

trading-platform

MetaTrader 5 (MT5): Doo Prime also supports the advanced MetaTrader 5 platform, which builds upon the features of MT4 and offers expanded functionalities. MT5 includes additional asset classes, improved charting tools, and enhanced order execution capabilities. Traders can access a more extensive range of analytical tools, utilize depth-of-market (DOM) functionality for more precise order placement, and benefit from advanced built-in indicators and graphical objects for comprehensive market analysis.

Doo Prime Intrade: Doo Prime introduces its proprietary trading platform, Doo Prime Intrade, designed specifically for its clients. This platform combines advanced charting features, intuitive navigation, and swift order execution. Traders can enjoy a seamless trading experience with access to real-time market data, customizable charting tools, and the ability to execute trades swiftly and efficiently.

trading-platform

TradingView: Doo Prime integrates with TradingView, a popular and powerful charting and social trading platform. TradingView offers an extensive range of technical analysis tools, customizable charting features, and the ability to follow and interact with other traders in the TradingView community. Traders can access a vast library of indicators, create and share their own trading ideas, and collaborate with other traders, fostering a social trading environment.

trading-platform

Social Trading

Social trading, a feature provided by Doo Prime, revolutionizes the way traders engage in the financial markets by combining the power of technology and social interaction. In social trading, traders have the opportunity to observe and replicate the trading activities of experienced and successful traders.

Through Doo Prime's social trading platform, traders can access a network of skilled traders and view their real-time trades, performance history, and trading strategies. This transparency enables aspiring traders to evaluate and select the traders they wish to follow based on their individual trading goals and risk appetite.

Deposit & Withdrawal

Doo Prime offers multiple payment methods. The available payment channels, their supported payment currencies, deposit limits, and processing times are as follows:

  • Local bank transfers, allowing traders to deposit funds from their local bank accounts directly into their Doo Prime trading account. For traders using pay4broker CNY, deposits ranging from 1000 to 6800 CNY can be made within a 30-minute processing time. Another option is OTCP4B CNY, which allows for larger deposits. Traders can deposit between 15000 and 200000 CNY with a processing time of approximately 30 minutes. Additionally, OTCP4B CNY offers a range of deposit amounts from 450 to 6800 CNY, with a processing time of 5 to 30 minutes.
  • epay: Supports USD, HKD, GBP, EUR, AUD, THB, and AED as payment currencies. Deposits can be made within the range of $100 to $99,999, and the processing time is instant.
  • Skrill: Accepts multiple payment currencies, including USD, HKD, GBP, EUR, CHF, AUD, CAD, AED, PLN, NZD, ZAR, SEK, DKK, TWD, KRW, SGD, NOK, and INR. Deposits can be made between $100 and $6,000, with instant processing.
  • Fasapay: Supports USD and IDR as payment currencies. Deposits can be made within the range of $100 to $25,000, and the processing time is instant.
  • HWGC: Accepts TWD as the payment currency. Deposits can be made within the range of $100 to $710,000, and the processing time is approximately 45 minutes.
  • VISA, MASTERARD, APPLE PAY, GOOGLE PAY: Multiple payment currencies are supported, such as AED, AUD, BND, CAD, ZAR, VND, USD, TWD, THB, SEK, PLN, NZD, NOK, LAK, MMK, KHR, INR, HKD, GBP, EUR, DKK, CHF, and KRW. Deposits can be made between $100 and $6,500, with instant processing.
  • VISA, MASTERARD, APPLE PAY, GOOGLE PAY, AMERICAN EXPRESS: Accepts KRW and THB as payment currencies. Deposits can be made within the range of $100 to $400, and the processing time is instant.
  • Wire Transfer: Supports EUR, GBP, and USD as payment currencies. Deposits can be made within the range of $7,000 to $500,000, with a processing time of 2 to 5 working days.
deposit-withdrawal
deposit-withdrawal
deposit-withdrawal
deposit-withdrawal

Withdrawal

Doo Prime recommends a minimum withdrawal amount of USD 50, and it offers various withdrawal methods to accommodate the needs of its clients. For international wire transfers, withdrawals can be made in multiple currencies, including EUR, GBP, HKD, and USD. The processing time for international wire transfers is relatively quick, with funds typically being processed within one working day for withdrawal amounts up to USD 50,000. For withdrawal amounts ranging from USD 50,001 to 200,000, the processing time extends to two working days. Withdrawals of USD 200,001 to 1,000,000 require approximately five working days for processing, while withdrawals above USD 1,000,001 may take around six working days to complete.

For local bank transfers in CNY (Chinese Yuan) and VND (Vietnamese Dong), Doo Prime provides a good option for clients based in those respective regions. The processing time for local bank transfers may vary depending on the specific local banking systems. It is advisable to check with Doo Prime for the estimated processing time for local bank transfers in CNY and VND.

leverage deposit-withdrawal

Educational Resources

Doo Prime offers access to renowned market analysis provider Trading Central, providing traders with research, technical analysis, and trading ideas across various financial markets.

Additionally, Doo Prime provides Virtual Private Server (VPS) services, which offer traders enhanced trading performance and uninterrupted connectivity. The VPS allows traders to execute their trading strategies with minimal latency and ensures that their trading activities are not affected by technical glitches or disruptions.

user-exposure
educational-resources

User Exposure on WikiFX

On WikiFX website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Customer Support

Traders can reach out to the company through various channels to address their queries and concerns. The brokerage offers phone support, enabling clients to directly contact the relevant branch or office for personalized assistance. Additionally, an online chat feature is available for real-time communication, allowing traders to engage in instant conversations with customer support representatives. Furthermore, clients have the option to fill out a contact form on Doo Prime's official website, and the company will promptly respond and connect with them.

Doo Prime actively engages with its clients and provides additional avenues for communication and updates through various social media platforms. Traders have the opportunity to connect with Doo Prime on popular social media platforms like Facebook, Twitter, Instagram, and LinkedIn. By following Doo Prime on these platforms, clients can stay updated on the latest news, market insights, educational content, promotions, and company announcements.

Below are the details about the customer service.

Languages: English, Chinese, Japanese, Korean, Spanish, Thai, Vietnamese.

Service Hours: 24/7

Contact Form

Email: en.support@dooprime.com

Phone: +44 11 3733 5199

Social media: Facebook, Instagram, LinkedIn, twitter

 customer-support

Conclusion

To wrap up, Doo Prime is a well-established brokerage firm with certain pros and downsides. Positively, reputable authorities' oversight of Doo Prime inspires confidence in its financial standards and investor protection. Leverage options up to 1:1000 and attractive spreads from 0.6 pips may save traders money. MT4, MT5, Doo Prime Intrade, and TradingView, together with a wide range of tradable assets, give traders market access and analytical capabilities. Social trading features also helps a lot. However, even though Doo Prime has competitive spreads, traders should compare them to other brokers to get the best pricing. Without a Cent account demo account, new traders may have fewer chances to practise and learn the platform.

FAQs

Is Doo Prime legit?

Yes, Doo Prime is regulated by FSA (Offshore), FINRA, LFSA, VFSC (Offshore), and ASIC.

What is the minimum deposit required to open an account with Doo Prime?

The minimum deposit required to open an account with Doo Prime is $100.

What is the maximum leverage available at Doo Prime?

The maximum leverage offered by this broker is up to 1:1000.

What are the available trading platforms at Doo Prime?

MetaTrader 4 (MT4), MetaTrader 5 (MT5), Doo Prime Intrade, and TradingView.

What assets can be traded on Doo Prime?

Forex currency pairs, contracts for difference (CFDs) on various financial instruments, indices, and cryptocurrencies.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

Are the transaction costs and expenses of darwinex, doo-prime lower?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive darwinex and doo-prime are, we first considered common fees for standard accounts. On darwinex, the average spread for the EUR/USD currency pair is -- pips, while on doo-prime the spread is --.

Which broker between darwinex, doo-prime is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

darwinex is regulated by FCA. doo-prime is regulated by FSA,LFSA,FINRA,VFSC,ASIC.

Which broker between darwinex, doo-prime provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

darwinex provides trading platform including Stocks Darwin,Futures Darwin,Classic and trading variety including 200 US stocks. doo-prime provides trading platform including STP Account,CENT Account,ECN Account and trading variety including Securities, Futures, Forex, Metals, Commodities, Stock Indices.

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