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Do you want to know which is the better broker between Swissquote and Doo Prime ?
In the table below, you can compare the features of Swissquote , Doo Prime side by side to determine the best fit for your needs.
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EURUSD:-0.3
EURUSD:-3.1
EURUSD:10.87
XAUUSD:20.57
EURUSD: -3.2 ~ 0.41
XAUUSD: -16.37 ~ 8.92
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 swissquote, 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:
Swissquote | Basic Information |
Founded in | 1996 |
Headquarters | Gland, Switzerland |
Regulation | FINMA, FCA, MFSA, SFC |
Tradable Instruments | Forex, Stocks, Options, Futures, CFDs, ETFs |
Account Types | Standard, Premium |
Minimum Initial Deposit | $1,000 |
Maximum Leverage | 1:100 |
Commission | Depends on the account type and instrument traded |
Spreads | Variable, starting from 0.6 pips |
Trading Assets | Currencies, Stocks, Bonds, Options, Futures, and Funds |
Trading Platforms | MetaTrader 4, MetaTrader 5 |
Customer Support | Phone, Email, Live Chat |
Educational Resources | Webinars, Tutorials, Market Analysis, News |
Additional Features | Swiss DOTS (Structured Products), Robo-Advisory |
Swissquote is a leading online forex and financial trading broker headquartered in Switzerland. It was established in 1996 and has since grown to become a popular choice among traders worldwide. The broker offers a wide range of financial instruments to trade, including forex, stocks, indices, commodities, bonds, and cryptocurrencies.
Swissquote offers several account types, including Standard, Premium, Prime, and Professional, to cater to different trader needs. The minimum deposit for a Standard account is $1,000, which is relatively high compared to some other brokers. However, the broker's range of account types and trading conditions may appeal to professional traders who require higher leverage and tighter spreads.
Swissquote provides its clients with access to several trading platforms, including MetaTrader 4 and 5, Advanced Trader, and their proprietary platform, Swissquote EDGE. The broker's platforms are user-friendly, feature-rich, and offer advanced trading tools and charting capabilities.
Yes, Swissquote is a legitimate broker with four entities under respective jurisdictions:
Swissquote Bank Ltd, which is based in Switzerland, is regulated by the Swiss Financial Market Supervisory Authority (FINMA).
Swissquote Ltd, which is based in the United Kingdom, is regulated by the Financial Conduct Authority (FCA).
Swissquote MEA Ltd, which is based in Dubai, is regulated by the Dubai Financial Services Authority (DFSA).
SWISSQUOTE FINANCIAL SERVICES (MALTA) LTD, is regulated by the Malta Financial Services Authority (MFSA).
These regulatory authorities ensure that Swissquote adheres to strict standards in terms of financial stability, transparency, and investor protection.
Swissquote is areputable and regulated broker, offering an array of financial instruments and account types for traders to choose from. As with any broker, there are advantages and disadvantages to consider. In the following table, we present a summary of the key pros and cons of trading with Swissquote. Swissquote undoubtedly offers a comprehensive range of trading instruments and state-of-the-art trading platforms that are designed to cater to the diverse trading needs of both novice and experienced traders. However, despite its many strengths, it falls short in terms of customer support, as it does not provide round-the-clock assistance, which can be a major drawback for traders who require immediate assistance during off-hours or in emergency situations. Whether you are a beginner or an experienced trader, this information can help you make an informed decision about whether Swissquote is the right broker for you.
Pros | Cons |
Regulated by reputable authorities including FINMA and FCA | Relatively high trading fees compared to other brokers |
Wide range of trading instruments including forex, stocks, ETFs, bonds, and cryptocurrencies | Limited education and research resources |
Competitive spreads and commissions | Inactivity fee charged after 24 months of inactivity |
Demo Account Available | No 24/7 customer support |
Various account types with different features to suit different trading needs | High minimum deposit requirement |
Availability of advanced trading platforms including MT4, MT5, and Advanced Trader | Limited customer support options outside of business hours |
Efficient and reliable customer support during business hours | No US clients accepted |
Swissquote offers a wide range of market instruments for trading, including over 130 currency pairs, commodities, stock indices, shares, bonds, and cryptocurrencies. As a well-established Swiss broker, Swissquote is able to offer trading on several Swiss-specific instruments, such as the Swiss Market Index (SMI) and the Swissquote Group Holding Ltd. (SQN) stock, as well as access to other global exchanges such as the NYSE, NASDAQ, and LSE. With such a broad range of market instruments, traders of different experience levels can find suitable trading options that align with their trading strategies and investment goals.
Swissquote offers a range of account types to cater to the varying needs and preferences of its clients. The primary account types available are the Premium Account, Prime Account, Elite Account and Professional Account. Each account type comes with distinct features and benefits, such as different minimum deposit requirements, leverage ratios, and spreads. The Premium Account requires a minimum deposit of 1,000 CHF or equivalent, while the Prime Accounts require a higher minimum deposit of 5,000 CHF or equivalent. The Elite and Professional accounts ask for the highest minimum deposit of 10,0000 CHF or equivalent.
The Standard Account provides clients with access to a wide range of financial instruments, including forex, CFDs, stocks, options, futures, and bonds. The Premium Account, on the other hand, is designed for high-volume traders and offers lower spreads and commissions, as well as personalized service. The Prime Account is designed for institutional clients and provides them with a dedicated account manager, as well as access to exclusive liquidity and pricing.
Moreover, Swissquote also offers an Islamic Account, which is compliant with Sharia law and is available to clients who follow the Islamic faith.
Swissquote offers a free demo account for clients to practice trading strategies and test out the broker's trading platforms without risking any real funds. The demo account provides users with virtual funds to trade on the same live markets as the actual trading accounts. The account comes with real-time pricing and charting tools, allowing traders to simulate trading conditions as closely as possible. This is an excellent opportunity for traders to get familiar with the broker's platforms and trading environment before committing any real money. Moreover, the demo account is ideal for both novice and experienced traders who want to try new trading strategies or test their current trading strategies without incurring any financial risk.
Overall, demo accounts are a valuable resource for any trader who wishes to sharpen their skills and become more proficient in their trading activities.
Visit the Swissquote website and click on the “Open your Account” button.
Provide personal information, such as name, email, and phone number, along with a valid identification document, such as a passport or driver's license.
After the account is created and verified, the next step is to select the desired account type and deposit funds, such as Premium, Prime or Elite accounts.
Agree to the terms and conditions and submit your application.
Swissquote offers several convenient deposit methods, including bank transfer, credit/debit card, and online payment services. Once the account is funded, traders can access the trading platforms, begin analyzing the markets, and placing trades on a variety of financial instruments.
Swissquote offers variable leverage levels depending on the financial instrument and the account type. For forex trading, the maximum leverage available is typically 1:30 for retail clients and up to 1:100 for professional clients who meet certain criteria. For CFD trading on indices, commodities, and cryptocurrencies, the maximum leverage ranges from 1:10 to 1:5, depending on the underlying asset.
Always keep in mind that high leverage can significantly increase the potential gains, but it can also magnify the losses, so it's important to use it with caution and always keep in mind the risks involved.
Swissquote offers competitive spreads and commissions to its clients. The exact costs depend on the type of account and the trading instrument being traded. The Premium Account has variable spreads, with the EUR/USD spread starting from 1.3 pips, while the Prime Account offers spreads starting from 0.6 pips. The Elite Account offers spreads as low as 0.0 pips, but it requires a higher minimum deposit and trading volume. The professional accounts provide spreads from 0.0 pips too.
In terms of commissions, the Premium Account and Prime Account charge zero commission. The Elite Account and the Professional Account charge a commission of EUR2.5 per side per lot traded. Overall, Swissquote is often seen as competitive in terms of spreads and commissions when compared to other major brokers.
Below is a comparison table illustrating the spreads of EUR/USD, UK100, Gold, and Silver offered by Swissquote and three other brokers - FXTM, XM, and Plus500:
Broker | EUR/USD Spread | UK100 Spread | Gold Spread | Silver Spread |
Swissquote | 1.3 | 1 | 0.25 | 0.03 |
FXTM | 1.5 | 1.2 | 0.35 | 0.03 |
XM | 1.6 | 1 | 0.35 | 0.03 |
Plus500 | 0.6 | 1 | 0.37 | 0.03 |
Non-trading fees are fees that Swissquote charges its clients for services that are not directly related to trading activities. Swissquote has a relatively low level of non-trading fees compared to other brokers. Swissquote does not charge deposit fees, but it charges withdrawal fees, which depend on the method used. Swissquote also charges an inactivity fee of CHF 50 per quarter if no trades have been made during the last six months. This fee is lower than the industry average, which is around $15 per month.
Besides, Swissquote also charges overnight swap fees, also known as rollover fees or financing fees, on positions that are held overnight. The amount of the fee depends on the currency pair, the size of the position, and the prevailing interest rates in the respective countries.
Swissquote offers a range of trading platforms suitable for both beginner and advanced traders. Its flagship platform is the Advanced Trader, which is a user-friendly and customizable platform that provides access to multiple markets and a wide range of trading tools. Additionally, the broker offers the popular MetaTrader 4 and 5 platforms, which are favored by many traders for their advanced charting capabilities and expert advisor features.
Swissquote Advanced Trader is a proprietary trading platform developed by Swissquote. It is a fully customizable platform designed to cater to the needs of professional traders. The platform offers advanced charting tools, a variety of technical indicators, and the ability to create and backtest trading strategies using the integrated programming language. Swissquote Advanced Trader also offers real-time news and market analysis to keep traders up-to-date with market events. The platform is available for desktop, web, and mobile devices.
Swissquote offers the popular MetaTrader 4 (MT4) trading platform to its clients, which is widely recognized in the industry for its reliability, speed, and advanced charting tools. MT4 is available for download on desktop, web, and mobile devices, allowing traders to access their accounts and manage their trades from anywhere at any time. Swissquote also offers a range of customized tools and indicators, allowing traders to personalize their trading experience on the platform. Additionally, Swissquote provides free access to Autochartist, a popular technical analysis tool that helps traders identify potential trading opportunities.
Swissquote offers the MetaTrader 5 (MT5) platform to its clients, which is the successor to the popular MT4 platform. MT5 has several advanced features such as improved charting capabilities, additional order types, and an economic calendar. Clients can also use MT5's algorithmic trading capabilities through the use of Expert Advisors (EAs) to automate their trading strategies. Swissquote's MT5 platform is available for desktop, web, and mobile devices, making it easily accessible for traders on the go.
Here is a table comparing the trading platforms offered by Swissquote, IG, and IC Markets:
Trading Platform | Swissquote | IG Markets | IC Markets |
MetaTrader 4 | √ | √ | √ |
MetaTrader 5 | √ | √ | √ |
Advanced Trader | √ | × | × |
WebTrader | √ | √ | √ |
Mobile App | √ | √ | √ |
Swissquote offers two primary deposit methods: wire transfer and debit card deposit. With wire transfer, clients can make deposits in various currencies, but the process may take longer, typically taking one to two business days to reflect on their account. On the other hand, debit card deposits are processed faster, typically within a few minutes, and they are available in CHF, EUR, GBP, EUR, AUD, JPY, PLN, CZK, HUF and USD.
Swissquote, a prominent brokerage firm in the financial market, has set its minimum deposit threshold at a noteworthy sum of CHF 1,000 or its equivalent in other currencies, which may be considered relatively high compared to other brokers in the industry.
Below is a comparison table depicting the minimum deposit prerequisites of Swissquote, Exness, and IG:
Broker | Minimum Deposit |
Swissquote | $1,000 |
Exness | $1 |
IG | $300 |
For withdrawals, Swissquote typically processes requests within one to two business days. Clients can withdraw funds using the same methods they used to deposit funds. However, it's important to note that some withdrawal methods may incur fees, so it's essential to check with the broker first before initiating a withdrawal request.
Swissquote offers customer support via various channels to ensure its clients receive timely and efficient assistance. Clients can reach Swissquote's customer support team via phone, email, and live chat, available during business hours. However, Swissquote's customer support is not available 24/7, which may be a disadvantage for clients who require immediate assistance outside of business hours. Nonetheless, the broker offers a comprehensive FAQ section on its website, which provides answers to some common questions, and clients can also seek assistance by submitting a ticket through the website. In addition, Swissquote offers support in several languages, including English, French, German, Italian, and Spanish, to cater to its global client base.
Swissquote offers a plethora of educational resources to help traders of all levels enhance their knowledge and skills. The broker provides various learning materials, including webinars, seminars, online courses, and e-books. Additionally, Swissquote offers market analysis and news to keep clients informed about the latest developments in the financial markets. This valuable information can help traders make informed decisions when executing their trades.
Pros | Cons |
Comprehensive educational material on various topics | No formal education program |
Interactive webinars and seminars with industry experts | Limited language options for educational material |
Wide range of market analysis tools and resources | No demo account for educational purposes |
Access to Swissquote's research and analysis reports | Some educational material requires a paid subscription |
Free educational material for all account holders | No personalized coaching or mentoring programs |
In conclusion, Swissquote is a well-established and highly regulated forex broker offering a wide range of trading instruments, advanced trading platforms, and competitive trading conditions. The broker has earned a strong reputation for its commitment to security, transparency, and innovation, which has made it a preferred choice for traders looking for a reliable and trustworthy trading partner. While the broker's high minimum deposit requirement may be a challenge for some traders, its educational resources and excellent customer support help to offset this disadvantage.
Q: Is Swissquote a regulated broker?
A: Yes, Swissquote is regulated by several financial authorities, including the Swiss Financial Market Supervisory Authority (FINMA) and the Financial Conduct Authority (FCA) in the UK
Q: What trading platforms are offered by Swissquote?
A: Swissquote offers several trading platforms, including the MetaTrader 4 and 5 platforms, the Advanced Trader platform, and a mobile trading app.
Q: What is the minimum deposit required to open an account with Swissquote?
A: The minimum deposit required to open an account with Swissquote is $1000.
Q: Does Swissquote offer a demo account?
A: Yes, Swissquote offers a free demo account with virtual funds for traders to practice trading strategies.
Q: How can I deposit and withdraw funds from my Swissquote account?
A: You can deposit and withdraw funds from your Swissquote account using wire transfer or debit card.
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 in | UK |
Regulated by | FSA (Offshore), FINRA, LFSA, VFSC (Offshore), ASIC |
Years of Establishment | 2014 |
Trading Instrument | Currency pairs, indices, commodities, metals, energy, stocks, futures, securities |
Minimum Initial Deposit | $100 |
Maximum Leverage | 1:1000 |
Minimum Spread | From 0.1 pips |
Trading Platform | MT4, MT5, Doo Prime InTrade, TradingView |
Deposit & Withdrawal Method | VISA, Mastercard, Skrill, Neteller, epay, etc. |
Customer Service | Email/ phone number /live chat /24/7 |
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.
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 Authority | Regulated Entity | License Type | License Number |
FSA | Doo Prime Vanuatu Limited | Retail Forex License | SD090 | |
FINRA | PETER ELISH INVESTMENTS SECURITIES | Financial Service | 24409 / SEC: 8-41551 | |
LFSA | Doo Financial Labuan Limited | Straight Through Processing (STP) | MB/23/0108 | |
VFSC | Doo Prime Vanuatu Limited | Retail Forex License | 700238 | |
ASIC | DOO FINANCIAL AUSTRALIA LIMITED | Investment Advisory License | 222650 |
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.
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.
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).
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.
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.
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.
Pros | Cons |
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Trading Assets | Available |
Securities | |
Futures | |
Forex | |
Precious Metals | |
Commodities | |
Stock Indices |
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.
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:
Broker | Minimum Deposit |
$100 | |
$200 | |
$100 | |
$1 |
Doo Prime offers three types of live trading accounts tailored for different trading needs:
Account Type | CENT | STP | ECN |
Account Currency | USD | ||
Minimum Deposit | $100 | $100 | $5,000 |
Spreads | High | Medium | Low |
Free Demo | |||
Expert Advisor | |||
Hedging Positions | |||
Order Execution | Market 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.
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.”
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.
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.
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.”
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.
Step 2: Input the desired deposit amount into the “Deposit” field, then confirm by clicking “Yes.”
Then, the added amount will be displayed in the demo account.
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.
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.
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.
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.
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.
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.
Doo Prime offers multiple payment methods. The available payment channels, their supported payment currencies, deposit limits, and processing times are as follows:
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.
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.
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.
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
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.
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.
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.
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 swissquote and doo-prime are, we first considered common fees for standard accounts. On swissquote, the average spread for the EUR/USD currency pair is -- pips, while on doo-prime the spread is --.
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.
swissquote is regulated by FCA,MFSA,FINMA,DFSA. doo-prime is regulated by FSA,LFSA,FINRA,VFSC,ASIC.
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.
swissquote provides trading platform including professional ,standard,prime,premium and trading variety including custom. doo-prime provides trading platform including STP Account,CENT Account,ECN Account and trading variety including Securities, Futures, Forex, Metals, Commodities, Stock Indices.