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MTrading , Doo Prime Broker Comparison

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

In the table below, you can compare the features of MTrading , 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
2.4
No Regulation
No guarantee
--
5-10 years
NFA
Supported
Not supported
--
B
A
438.1
250
250
265
828
828
656
C

EURUSD:0.2

EURUSD:2.1

28
-4
28
B

EURUSD:20.06

XAUUSD:25.79

B

EURUSD: -8.44 ~ -0.88

XAUUSD: -12.24 ~ -4.59

AA
0.2
43.3
Currencies - 38;Spot Metal CFDs - 4;Spot Energy CFDs - 3;Cash Index CFDs - 10;Stock CFDs - 67
100 USD
Forex 1:1000;Indices 1:500
From 1
--
--
0.01 (step 0.01)
--
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
No Regulation
Domestic Regulation

MTrading 、 Doo Prime BrokerRelevant information

MTrading 、 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 mtrading, 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

mtrading
Broker Name MTrading
Registered inSaint Kitts and Nevis
Regulated byNFA
Year(s) of establishment5-10 years
Trading instrumentsForex pairs, commodities, stocks, cryptocurrencies, indices
Minimum Initial Deposit$10
Maximum Leverage1:1000
Minimum spread0.0 pips onwards
Trading platformMT4 and its own mobile application
Deposit and withdrawal methodelectronic payment systems, bank cards, and wire transfer options
Customer ServiceEmail, phone number, address, live chat
Fraud Complaints ExposureYes
Negative balance protectionYes

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and cons of MTrading

Pros:

  • Wide range of trading instruments, including currencies, stocks, cryptocurrencies, indices, commodities and other highly liquid financial assets.
  • Low account opening requirements, with the ability to start trading with as little as $10 on the M.Cent account.
  • Flexible and convenient deposit and withdrawal options, including a variety of electronic payment systems, bank cards and wire transfer options.
  • Copy trading features allow novice traders to learn from experienced traders and potentially increase profits.
  • Educational resources such as articles, news and technical analysis are available to help traders stay informed and make more informed decisions.

Cons:

  • Customer support may not be able to provide quick responses due to the high volume of requests.
  • Limited options for contacting customer support, with only a few social media accounts and an online chat button available.
  • Limited educational resources compared to some other brokers in the market.
  • Limited trading platforms available, with only MT4 and a mobile application offered.
  • The high maximum leverage of up to 1:1000 can increase the risk of losses for traders who are not experienced with high leverage trading.

What type of broker is MTrading?

MTrading is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, MTrading acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that MTrading has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with MTrading or any other MM broker.

General Information

MTrading is a global forex and CFD broker that was established in 2013. It offers trading services to both retail and institutional clients. MTrading provides its clients with access to over 100 trading instruments, including forex, commodities, and indices, with flexible leverage options of up to 1:1000. The company offers three types of accounts to cater to different trading needs and experience levels. In addition to its trading services, MTrading also provides educational resources and copy trading capabilities to its clients.

In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.

General information

Is MTrading safe?

MTrading is regulated by the National Futures Association (NFA) in the United States. The company holds a Common Financial Service License, with the license number 0555516. This license is issued to FINVEST SOLUTIONS LIMITED. The regulatory status of this license is currently listed as “General Registration.”

NFA regulation

Market Instruments

AdvantagesDisadvantages
Popular trading instruments are availableHigh risk associated with some of the trading instruments, such as cryptocurrencies
Challenging for traders to conduct thorough analysis and risk management

MTrading offers various trading instruments for traders to choose from. With access to currencies, stocks, cryptocurrencies, indices, commodities, and other highly liquid financial assets, traders have the opportunity to diversify their portfolios and take advantage of market trends across multiple markets. However, the limited information available about the trading instruments and their underlying assets may make it challenging for traders to conduct thorough analysis and risk management. Finally, traders should be aware of the high level of risk associated with some of the trading instruments, such as cryptocurrencies, which may not be suitable for all traders and can result in significant financial losses.

spreads and commissions

Spreads, Commissions and Other Costs

AdvantagesDisadvantages
Competitive spreads on all account typesCommission charged on the M.Pro account
No commission charges on M.Cent and M.Premium accounts
Transparent trading specifications available for all accounts
Low minimum deposit requirements on all account types

MTrading offers competitive spreads on all account types, ranging from 0 pips on the M.Pro account to 1 pip on the M.Cent and M.Premium accounts. The M.Cent and M.Premium accounts do not have any commission charges, while the M.Pro account charges a commission of 4USD per standard lot traded. The trading specifications are transparent and available for all accounts, allowing traders to make informed decisions based on the trading conditions. Another advantage is the low minimum deposit requirements on all account types, which makes trading accessible for a wider range of traders. However, the disadvantage of the commission charge on the M.Pro account may be a consideration for some traders.

Trading Accounts Available in MTrading

AdvantagesDisadvantages
M.Cent account allows for micro lot trading, making it easy for beginners to start trading with just $10.The low starting capital of M.Cent account means that there is a limit to how much profit can be made.
M.Premium account offers over 100 trading instruments and requires a starting capital of just $100.The limited account types offered by MTrading may not be suitable for all traders.
M.Pro account provides access to zero spread trading with a commission of $4USD and requires a starting capital of $500.The zero spread feature of M.Pro account comes with a commission which can increase trading costs.

MTrading offers three different account types to cater to the needs of different types of traders. The M.Cent account is ideal for beginners who are just starting with trading and want to practice with micro lot trading, requiring a low minimum deposit of $10. The M.Premium account offers a wider range of trading instruments and is suitable for traders with some experience who want to trade with larger positions, asking a minimum deposit of $100. Finally, the M.Pro account is designed for more experienced traders who want to take advantage of zero spread trading with a commission of $4USD. This account requires a high minimum deposit of $500. Overall,low starting capital requirement of M.Cent and M.Premium accounts makes it easy for traders to start trading with MTrading.

account types

Trading Platform(s) that MTrading Offers

AdvantagesDisadvantages
MT4 is a popular and widely used trading platform that is highly customizable and user-friendlyThe company does not offer any other trading platforms besides MT4
MTrading also offers its own mobile trading application for convenient trading on-the-goThe mobile application may have limited features compared to the desktop version of MT4
MT4 supports a wide range of technical indicators, expert advisors, and algorithmic trading strategiesSome traders may prefer a more advanced platform with additional features and tools
MT4 has a large and active online community, which provides access to a wealth of resources, such as forums, educational materials, and custom indicatorsThe platform may be overwhelming for new traders who are not familiar with its features and functionality

MTrading offers its clients the popular MT4 platform, which is widely used and highly regarded by traders around the world. MT4 is a customizable and user-friendly platform that supports a wide range of technical indicators and trading strategies. The platform also has a large and active online community that provides access to a wealth of resources for traders. In addition, MTrading also offers its own mobile trading application, which provides convenience for traders who need to manage their trades on-the-go. However, some traders may prefer a more advanced platform with additional features and tools, and the mobile application may have limited features compared to the desktop version of MT4.

Here is a video about their own app on their official YouTube channel.

trading platform

Maximum Leverage of MTrading

AdvantagesDisadvantages
High Leverage allows for potential higher profits with smaller capitalHigh leverage can magnify losses, leading to a larger risk of losing capital
Traders can open larger positions with smaller amounts of fundsHigh leverage requires responsible risk management to avoid significant losses
Leverage can offer more trading opportunities and flexibilityOveruse of leverage can lead to overtrading and emotional decision making

MTrading offers a maximum leverage of up to 1:1000, which is significantly higher than what is typically offered by regulated brokers. While high leverage can offer traders the potential for higher profits with smaller amounts of funds, it can also magnify losses and increase the risk of losing capital. Traders must exercise responsible risk management and avoid overuse of leverage to avoid significant losses. High leverage can offer more trading opportunities and flexibility, but it also requires careful monitoring of positions and market movements. It is important for traders to have a solid understanding of leverage and its potential risks before using it in their trading strategy.

Deposit and Withdrawal: Methods & Fees

AdvantagesDisadvantages
Flexible deposit and withdrawal optionsLimited options for certain regions
Variety of electronic payment systems, bank cards, and wire transfer optionsSome deposit and withdrawal methods may incur additional fees
Convenient and fast processing time for deposits and withdrawalsWithdrawals may take longer for certain payment methods or in some cases due to regulatory requirements

MTrading offers a wide range of flexible and convenient ways to deposit and withdraw funds. Clients can choose from a variety of electronic payment systems, bank cards, and wire transfer options to make deposits or withdrawals. The processing time for deposits is fast, and the withdrawal processing time depends on the payment method used, with some methods taking longer than others. However, there may be additional fees for certain deposit and withdrawal methods, and some regions may have limited options available. Overall, MTrading provides its clients with a convenient and reliable service for managing their funds.

deposit and withdrawal

Educational Resources

AdvantagesDisadvantages
Comprehensive educational resourcesNo live webinars or educational courses
Free access to articles, news, and technical analysisLimited resources for beginner traders
Educational resources updated regularlyLimited video resources

MTrading provides a range of educational resources to help traders stay informed and improve their trading skills. The company offers free access to articles, news, and technical analysis, providing a comprehensive overview of the latest trends and market conditions. These resources are updated regularly to ensure traders are always up to date with the latest developments in the financial markets. However, MTrading doesn't offer live webinars or educational courses, which may limit the opportunities for beginner traders to learn and improve their skills. Additionally, the company has limited video resources, which may also be a disadvantage for some traders. Overall, the educational resources offered by MTrading are comprehensive and up to date, providing valuable insights and analysis for traders looking to stay informed and make informed trading decisions.

educational resources

Copy Trading

AdvantagesDisadvantages
Can be a time saver for beginner tradersMay result in blindly following a strategy without understanding its rationale
Allows access to experienced traders strategies and tradesCopy trading fees can be expensive and add up over time
Reduces emotional trading by removing the need for constant decision makingCopy trading performance is highly dependent on the performance of the trader being copied
Can be customized to fit individual risk preferencesNot all traders are available for copy trading
No need for extensive market knowledgeCopy trading may not be suitable for all trading styles and preferences

MTrading offers the copy trading feature, which allows traders to automatically replicate the trades of experienced traders on the platform. This feature can be beneficial for beginner traders who lack the necessary skills and knowledge to make profitable trades independently. Copy trading can be customized to fit individual risk preferences and can reduce emotional trading by removing the need for constant decision making. However, copy trading comes with its own set of disadvantages, such as blindly following a strategy without understanding its rationale, copy trading fees that can add up over time, and copy trading performance being highly dependent on the performance of the trader being copied. Therefore, traders need to carefully consider the pros and cons of copy trading before deciding to use this feature.

copytrading

Customer Service of MTrading

AdvantagesDisadvantages
Comprehensive FAQ sectionLimited customer service channels
Efficient social media presenceResponse time may be slow due to high volume of inquiries
Online chat available for assistanceLimited availability for personalized support

There are only a few social media accounts, an online chat button, and an extensive FAQ section available for customer care on MTrading. While the FAQ section is detailed and informative, the lack of multiple contact options may not be enough for some clients who require immediate assistance. The support team's response time may be slow due to the large volume of requests.

customer support

Conclusion

MTrading appears to be an online broker that offers a wide range of trading instruments, flexible account types, and platforms suitable for both novice and experienced traders. The company also provides various educational resources such as articles, news, and technical analysis to assist traders in making informed decisions. The leverage offered by MTrading is also high, up to 1:1000, allowing traders to increase their potential profits. Overall, MTrading seems to be a good option for traders seeking a diverse range of trading options and educational resources.

Frequently Asked Questions (FAQs)

What is the minimum deposit to open an account with MTrading?

The minimum deposit for M.Cent account is only $10, for M.Premium account is $100 and for M.Pro account is $500.

Is MTrading a good broker for beginners?

No, MTrading is not a good choice for beginners.

Does MTrading offer copy trading?

Yes, MTrading provides copy trading for its clients.

How can I deposit and withdraw funds with MTrading?

MTrading provides a variety of electronic payment systems, bank cards, and wire transfer options for deposit and withdrawal of funds. The company also allows internal transfers between accounts of its clients.

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.

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 mtrading, 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 mtrading and doo-prime are, we first considered common fees for standard accounts. On mtrading, the average spread for the EUR/USD currency pair is From 1 pips, while on doo-prime the spread is --.

Which broker between mtrading, 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.

mtrading is regulated by NFA. doo-prime is regulated by FSA,LFSA,FINRA,VFSC,ASIC.

Which broker between mtrading, 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.

mtrading provides trading platform including M.Premium,M.Pro and trading variety including Currencies - 38;Spot Metal CFDs - 4;Spot Energy CFDs - 3;Cash Index CFDs - 10;Stock CFDs - 67. 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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