Doo Prime Review

Doo Prime Review is a trusted and multi-regulated CFD and Forex Broker. Doo Prime advertises ultra-low spreads from 0.0 pips. You can easily trade over 10,000 financial instruments with Doo Prime using various powerful trading platforms.

🛡️Regulated and trusted by CySEC
🛡️1808 new traders chose this broker in the last 90 days.
🛡️Available for global Traders.

Overview

What sets Doo Prime Review apart is its focus on transparency and technological progress. Operating under a No Dealing Desk (NDD) model, Doo Prime executes client orders directly through its network of liquidity providers.

The broker also supports its operations with solid infrastructure, boasting ultra-low latency and 99.99% stability for order execution, enabled by Equinix data centers in major financial hubs like London, New York, Hong Kong, and Singapore.

Doo Prime’s product range is extensive, encompassing forex, stocks, indices, commodities, and more. Clients can access over 10,000 financial instruments across major trading platforms like MetaTrader 4, MetaTrader 5, and TradingView, offering flexibility and a wide array of tools for different trading strategies.

This social trading feature, coupled with a range of educational resources, positions Doo Prime as a broker that caters to both novice and experienced traders.

At the heart of Doo Prime’s offerings is its commitment to safety and customer satisfaction. The broker segregates client funds from company operational funds and includes professional indemnity insurance (PII) to protect assets further.

Our goal is to assist traders in determining if Doo Prime aligns with their expectations and trading needs, enabling them to make a more informed decision in their broker selection process.

What kind of infrastructure does Doo Prime employ for trading?

Doo Prime Review uses Equinix data centers in key financial cities such as London, New York, Hong Kong, and Singapore. These centers offer ultra-low latency and 99.99% order execution stability.

What type of clientele does Doo Prime primarily serve?

Doo Prime’s extensive choice of account types and advanced trading tools appeal to regular traders, professional traders, and institutional clients.

Detailed Summary

Safety and Security

When it comes to choosing a broker, regulatory oversight and the safety of your funds are paramount.

We’ve examined Doo Prime’s regulatory framework and safety measures to gauge how they stack up against industry norms and what level of security and compliance traders can reasonably anticipate.

Doo Prime’s regulatory structure is multifaceted, with operations under various regulatory bodies to accommodate different types of traders. This approach offers adaptability but also necessitates that traders pay close attention to which specific entity they’re engaging with.

Global Regulations

Protection of Client Funds

Does Doo Prime provide traders with any insurance?

Although Doo Prime Review does not engage in a compensation fund, it does provide Professional Indemnity Insurance (PII) to address operational risks. This insurance provides an extra layer of security for consumers.

How does Doo Prime adhere to anti-money laundering (AML) regulations?

Doo Prime carefully follows anti-money laundering rules, including confirming customer names and monitoring transactions for suspicious activities. This compliance contributes to a secure trading environment.

Is Doo Prime a regulated broker?

Yes, Doo Prime is a regulated broker. The Financial Services Commission (FSC) regulates it in Mauritius, the Seychelles Financial Services Authority (FSA) oversees it, and the Vanuatu Financial Services Commission (VFSC) regulates it as well.

Does Doo Prime offer negative balance protection?

Yes, Doo Prime offers negative balance protection, which ensures that traders cannot lose more than their initial deposit in adverse market conditions.

Our Insights

Doo Prime ensures the safety of client funds through segregated accounts, offers negative balance protection to prevent clients from losing more than their deposits, and complies with international standards for anti-money laundering and client verification processes.

Awards and Recognition

Doo Prime has certainly been racking up some impressive awards over the years. They’ve made a name for themselves when it comes to speedy trading, getting you the best prices on your trades, and just being an overall reliable platform.

• 2024: BrokersView awarded Doo Prime for both “Best Trading Speed” and “Best Price Execution.” That’s a strong endorsement of the platform’s performance.
• 2024: FXDailyInfo also weighed in, naming Doo Prime the “Most Reliable Forex Broker.” It seems traders can feel confident that Doo Prime supports them throughout their trading journey.
• 2023: The Traders Awards recognized Doo Prime as the “Best CFD Broker in Asia,” suggesting they’re a top choice for traders in this region.
• 2020: Even further back, Doo Prime was named one of the “Annual Top 10 Most Praised Brokerage Firms” at the Huiyou Net Annual Awards. That shows they’ve been building a positive reputation for a few years.

All in all, these awards paint a picture of a broker who’s serious about delivering a high-quality trading experience. They seem to excel in the areas that matter most to traders – quick execution, fair pricing, and trustworthiness.

Account Types

CENT Account

The CENT account is aimed at beginners or those who are more comfortable trading in smaller volumes. It uses US Cents as its base currency, making it less intimidating for those wanting to dip their toes in the water without a significant financial commitment.

Here are the key features we identified on the Doo Prime CENT Account:

The CENT account is an excellent stepping stone for those new to forex or CFD trading. It allows for real-world trading experience with minimal risk, although it may lack some advanced features and the tighter spreads that you might find in higher-tier accounts.

STP Account

Doo Prime’s STP (Straight Through Processing) account is a better fit for traders who want faster order execution without dealing desk intervention.

This account type provides access to a broader range of trading instruments, including securities and futures, which appeals to more experienced traders who need that flexibility.

Here are the key features we identified on the Doo Prime STP Account:

The STP account balances flexibility and cost well, making it a solid option for traders moving from beginner to intermediate levels. However, it doesn’t offer the ultra-tight spreads that some professionals might demand.

Doo Prime ECN

The ECN (Electronic Communication Network) account is aimed at professional traders who want the absolute lowest spreads and direct market access. With this account, Doo Prime offers a more sophisticated trading experience, but this comes with a higher minimum deposit.

Here are the key features we identified on the Doo Prime ECN Account:

The ECN account is well-suited for professional and high-volume traders prioritizing tight spreads and efficient market access. However, the associated transaction fees might not be the most cost-effective option for those trading in smaller volumes.

Swap Free Accounts

Swap-free accounts are available across CENT, STP, and ECN account types at Doo Prime. These cater to traders who wish to comply with Islamic finance principles.

They are designed to avoid overnight swap fees, which makes them a suitable option for those holding positions long-term without incurring interest charges.

Here are the key features we identified on the Doo Prime Swap Free Account:

The Swap-Free option makes Doo Prime more attractive to traders who need to avoid interest-based transactions. However, it’s important to carefully evaluate the spread and fee structures, depending on your individual trading style.

Demo Account

A demo account is a great starting point for any trader exploring a broker’s platform and trading conditions. With Doo Prime, the demo account mirrors the functionality of a live account, allowing traders to practice strategies without risking real money.

Here are the key features we identified on the Doo Prime Demo Account:

Doo Prime’s demo account provides a risk-free environment that closely resembles live trading conditions. It’s a valuable tool for beginners and experienced traders looking to test new strategies or familiarize themselves with the platform.

Who should consider Doo Prime’s STP account?

The STP account is ideal for traders who want direct market access with no dealing desk influence. It provides competitive spreads and a wide variety of trading products.

What types of order execution are accessible on Doo Prime accounts?

All Doo Prime Review accounts provide market execution, which ensures that orders are completed at the best possible market price. This execution method helps to decrease slippage and increase price accuracy.

Does Doo Prime offer Islamic (Swap-Free) accounts?

Yes, Doo Prime offers Islamic (Swap-Free) accounts designed for traders who wish to comply with Sharia law. These accounts do not incur swap or rollover fees on overnight positions.

Can I open a demo account with Doo Prime?

Yes, Doo Prime offers a demo account that allows traders to practice and test their strategies in a risk-free environment. The demo account simulates real market conditions and is available on all trading platforms.

Our Insights

Doo Prime offers a diverse range of account types that cater to different trading styles and preferences, from beginners to experienced professionals and institutional clients.

How to Open an Account

Navigating the account registration process with any broker can sometimes feel overwhelming, but our exploration of Doo Prime’s procedures indicates it’s fairly streamlined and easy to follow. Doo Prime has adopted a digital-first approach that caters to both novice and experienced traders.

First Step: Navigate to the Home Page

• Click on the red “Register” Button

Second Step: Complete the Online Application Form

• Complete the registration form with the following:
• Your full name, email address, and phone number.
• Create a strong password, which will be used with your Doo Prime Client Account.

Final Step: Verify your Email

• After submitting the form, you will receive an email with a verification number.
• Once your email address is validated, you will be routed to the Doo Prime Client Portal to complete the registration process.
• Select your preferred account type in the Client Portal: CENT, STP, or ECN. Each account type has unique features designed to meet certain trading demands.
• Please include other information, such as your date of birth, nationality, and employment status.

Double-check all of the information and then click “Submit.” After your account has been properly registered, you will receive a confirmation.

How Do I Close My Doo Prime Account?

Closing an account with Doo Prime requires a few particular processes, and it is critical to ensure that any pending transactions are completed first. Here is the process:

• Email [email protected] with the subject “Apply for cancellation of user center account.”
• In your email, provide your complete name, account ID number, and a legitimate reason for terminating your account.
• Ensure that all trades have been closed and that there are no open positions or pending withdrawals. Doo Prime will not process the closure request if there are any outstanding issues.
• If you have any funds left in your account, withdraw to your bank account. Be advised that costs may apply depending on the mode of withdrawal and currency conversion.
• You will receive an email confirming that your request has been processed. This procedure may take several days, depending on the request’s thoroughness and ongoing transactions.

Once all conditions have been completed, Doo Prime will cancel the account and send any remaining amount to your associated bank account. Check for any final notifications or tasks that you are required to complete.

Is there a fee for registering an account with Doo Prime?

No, registering an account with Doo Prime is free of charge. However, depending on your payment method, there may be fees associated with deposits and withdrawals.

What happens if I do not complete my registration on Doo Prime?

If you don’t complete your registration, your account will remain pending until all required steps are completed. Incomplete registrations can be canceled after a certain period of inactivity.

What documents are required to open an account with Doo Prime?

The documents required to open an account typically include a valid government-issued ID (such as a passport or driver’s license) and a proof of address (such as a utility bill or bank statement) dated within the last three months.

How long does it take to open a Doo Prime account?

The account opening process can take anywhere from a few hours to a few business days, depending on the completeness and accuracy of the information provided, as well as the speed of the verification process.

Our Insights

Opening an account with Doo Prime Review is a user-friendly and efficient process designed to accommodate both beginners and experienced traders.

Doo Prime vs OANDA vs FP Markets – Broker Comparison

Deposits and Withdrawals

From what we can see, Doo Prime offers an impressive range of deposit and withdrawal options to cater to traders globally. Various localized options are available, and traders can deposit and withdraw in different currencies.

However, traders should familiarize themselves with each method’s specific terms and conditions to ensure they can seamlessly manage their deposits and withdrawals.

Deposit Methods

Withdrawal Methods

Deposits

Bank Wire

Bank wire transfers are a secure and widely available option. Doo Prime’s process is as follows:

• Log in to your Doo Prime Client Portal.
• Go to the “Funds” section and click “Deposit Funds.”
• Select your “Wallet” and choose “Bank Wire.”
• Enter the deposit amount, ensuring it meets the minimum (usually USD 100).
• Double-check all information, ensuring the account holder’s name matches your Doo Prime account to prevent issues.

Confirm and proceed. Depending on your bank and location, processing times typically range from 1-3 business days.

Credit or Debit Card

Credit and debit card deposits are popular for their speed and convenience. Doo Prime accepts major cards like Visa and Mastercard:

• Log in to the Doo Prime Client Portal.
• Navigate to “Funds” and select “Deposit Funds.”
• Choose “Credit/Debit Card.”
• Enter the deposit amount, ensuring it complies with any limits.
• Confirm the payment details, including card information.

Submit the deposit request. Funds are generally available almost instantly, but this can depend on your bank.

e-Wallets or Payment Gateways

Doo Prime also supports various e-wallets and payment gateways, catering to traders from different regions:

• Log in to the Doo Prime Client Portal.
• Go to “Funds” and choose “Deposit Funds.”
• Select your “Wallet” and pick the e-wallet or payment gateway you want to use.
• Enter the deposit amount, making sure it meets any requirements.
• Follow the on-screen instructions to complete the payment.

Confirm the transaction. Processing is usually instant but can vary depending on the provider.

Withdrawals

Bank Wire

Bank wire withdrawals are often favored for large amounts due to their security:

• Log in to your Doo Prime Client Portal.
• Navigate to “Funds” and click “Withdraw Funds.”
• Select your “Wallet” and choose “Bank Wire.”
• Enter your bank details if not already added, and input the withdrawal amount.
• Confirm all details are correct and submit the request.

Wait for processing. It typically takes 1-3 business days for funds to reach your bank account.

Credit or Debit Cards

For smaller withdrawals or those who prefer the convenience of cards:

• Log in to your Doo Prime Client Portal.
• Go to “Funds” and click “Withdraw Funds.”
• Select “Credit/Debit Card.”
• Fill in the necessary details and the amount to withdraw.

Confirm and submit the withdrawal request. Funds typically reflect within a few days, depending on the card issuer.

e-Wallets or Payment Gateways

Ideal for those who prefer modern, digital banking options:

• Log in to your Doo Prime Client Portal.
• Navigate to “Funds” and click “Withdraw Funds.”
• Select the desired e-wallet or payment gateway.
• Enter the withdrawal amount and follow the on-screen instructions.
• Review and confirm the transaction details.
• Submit the request. Processing time varies based on the e-wallet or payment gateway but is generally quick.

Doo Prime Deposit and Withdrawal Info and Conditions

Deposits

Deposits are accepted in numerous currencies, ranging from AED to ZAR. This extensive list helps traders bypass unnecessary currency conversion fees.

• Minimum Deposits: The suggested minimum deposit is USD 100, a relatively low entry point for traders. Deposits in other currencies are converted to USD, so keep an eye on the exchange rate, as this can affect the final amount credited to your account.
• Account Name Matching: Deposits must originate from an account in your name. Mismatched names will result in the deposit being returned, a standard practice among brokers to combat fraud.
• Deposit Notes: Keep your transfer details clear and simple. Avoid adding comments or personal information, as this will lead to the deposit being rejected.

Double-check your transfer amount. The transaction won’t go through if it doesn’t match the deposit order, and the payment provider will return any excess funds.

Reimbursements

• Wire Transfers: If your single wire transfer deposit exceeds USD 1,000, Doo Prime will reimburse any intermediary bank fees.
• StarzPay: For clients using StarzPay and depositing more than USD 1,000, Doo Prime compensates for significant exchange rate differences. This benefits Xinjiang customers, but deposits under USD 1,000 aren’t eligible.

Withdrawals

Doo Prime offers withdrawal methods mirroring its deposit options, providing flexibility and security. However, there are a few policies:

• Minimum Withdrawals: The recommended minimum withdrawal is USD 50. While Doo Prime doesn’t charge internal fees, smaller withdrawals might incur third-party fees from your bank or payment processor.
• First-Time Withdrawals: If it’s your first time withdrawing, you must add payment details and verify your profile with your ID. This security step is crucial but can add some time to the process.
• Main Channels: International wire transfers and local bank transfers are the primary methods. To comply with anti-money laundering rules, withdrawals must follow the same path as your initial deposit.
• Cross-Currency Withdrawals: Doo Prime has strict rules against cross-currency withdrawals in certain situations. Pay attention to these to avoid any rejected requests.

The “Cross-Currency/Payment Method Deposit Policy” outlines restrictions on using different currencies or payment methods to prevent misuse, like exploiting free deposit promotions or potential money laundering.

What is the minimum deposit amount at Doo Prime?

The minimum deposit amount varies depending on the account type. For a Standard Account, the minimum deposit is typically $100. The minimum may be higher for other account types like ECN or institutional accounts.

How long does it take to process a withdrawal at Doo Prime?

The withdrawal processing time depends on the method chosen. E-wallet withdrawals are usually processed within 24 hours, while bank transfers and credit/debit card withdrawals can take 2-7 business days.

Does Doo Prime support cryptocurrency deposits and withdrawals?

Yes, Doo Prime Review supports cryptocurrency deposits and withdrawals, allowing clients to fund their accounts or withdraw in popular cryptocurrencies like Bitcoin and Ethereum.

Are deposits and withdrawals secure with Doo Prime?

Yes, Doo Prime uses secure encryption technology and follows strict security protocols to ensure that all transactions are safe and secure. Additionally, they comply with AML and KYC regulations to protect against fraud and unauthorized transactions.

Our Insights

Doo Prime provides a flexible and secure range of deposit and withdrawal options to cater to the diverse needs of traders.

Range of Markets

When we took a closer look at Doo Prime’s range of markets, it’s clear they’re aiming for broad coverage across various asset classes.

With over 10,000 instruments, they offer a wide selection, including forex, stocks, indices, futures, commodities, and precious metals. Let’s break it down further and see what each category offers and where there could be room for improvement.

Forex

• They provide access to 60+ currency pairs, covering majors, minors, and exotics.
• Forex is primarily available as Contracts for Difference.
• The leverage of up to 1:1000 for major pairs is competitive, which will appeal to traders to maximize their positions.
• Doo Prime seems to be emphasizing high leverage, but more transparency on spread variability and execution speeds across different pairs would be helpful.
• The range seems to cater to both risk-takers and those who prefer a more cautious approach, with strategic tools available on platforms like MT4 and MT5.

US Hong Kong Stocks

• They offer 300+ stocks from the US and Hong Kong, focusing on high-demand markets like tech and blue-chip companies.
• Securities are available as Single Stock Futures (SSF) and CFDs
• The leverage of up to 1:20 for stock CFDs balances risk and flexibility.
• The current range is decent, but expanding to other global markets could attract a wider range of traders looking for more geographical diversity.

Stock Indices

• Doo Prime Review focuses on popular global indices, with leverage up to 1:200 for index futures CFDs.
• Available as Index Exchange-Traded Funds (ETFs), Index Futures, and Index CFDs.
• They offer spot and futures trading, a plus for traders with different styles.
• While the coverage is broad, adding emerging market indices could provide additional opportunities for traders interested in global markets.

Commodities

• They include trading on key commodities like crude oil and natural gas, with leverage up to 1:50 for CFDs.
• Available as Crude Oil & Gas ETFs, Futures, and CFDs.
• The emphasis on energy commodities aligns with current market demand, but expanding into agricultural or other sectors could diversify their offerings.
• This seems suitable for traders who leverage commodities, supported by market depth and competitive trading conditions.

Precious Metals

• Doo Prime Review has strong coverage in gold and silver trading, with both spot and CFD options; leverage goes up to 1:1000 for CFDs.
• Available as Exchange-Traded Funds (ETFs), Futures, and CFDs.
• This is attractive for those seeking high leverage, but there’s potential for adding more metals like platinum or palladium.
• They provide robust trading conditions, which are important for those who understand and can manage the risks associated with higher leverage.

Futures

• They offer extensive futures options across major indices and commodities, with high leverage flexibility up to 1:250.
• Available as traditional Futures and Futures CFDs.
• This benefits traders who want to hedge or speculate with various strategies, although more details on average spreads would be useful for planning.
• The focus remains on core markets, and for those who prefer specialized futures, this could be supplemented by additional information or tools.

Securities

• Doo Prime Review offers a variety of trading securities, including single stock futures and equity CFDs, with leverage ranging from up to 1:10 for futures CFDs to 1:20 for equity CFDs.
• Offered primarily as CFDs and Futures.
• This is designed to provide a balanced approach to risk while offering flexibility for various trading styles and preferences.
• It could appeal to a wider audience with further global stock inclusions and more varied sector options, making it more attractive to international investors.

How many currency pairs are available for trading at Doo Prime?

Doo Prime provides access to over 60 currency pairs, including major, minor, and exotic pairs. This allows traders to take advantage of various trading opportunities in the Forex market.

What commodities are available for trading at Doo Prime?

Doo Prime Review offers a variety of commodities for trading, including precious metals like gold and silver, energy products like crude oil and natural gas, and agricultural products such as coffee, wheat, and sugar.

Can I trade cryptocurrencies with Doo Prime?

Yes, Doo Prime offers cryptocurrency trading with leverage of up to 1:10. Traders can trade popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, and others against USD and other currencies.

What types of markets can I trade with Doo Prime?

Doo Prime offers a wide range of markets for trading, including Forex, Commodities, Indices, Shares, Cryptocurrencies, and Futures. This diversity allows traders to explore multiple asset classes and diversify their portfolios.

Our Insights

Doo Prime offers a comprehensive and diverse range of markets, making it an attractive choice for traders looking to access multiple asset classes.

Trading Platforms and Software

Choosing the right trading platform is an important step for any trader. Doo Prime Review offers platforms designed to cater to all types of trader needs. Their selection isn’t just about variety; it focuses on building a functional and user-friendly trading ecosystem.

MetaTrader 4

MetaTrader 4, a widely used platform, is almost synonymous with forex trading. Doo Prime’s integration of MT4 provides a straightforward option for traders who value reliability and speed.

Traders can expect prompt execution times, and the platform remains stable even during volatile market conditions. This makes MT4 a dependable choice, especially when paired with Doo Prime’s Cent and STP accounts.

While MT4’s interface might feel somewhat dated, its straightforward layout and ease of use benefit traders who don’t need excessive features.

Doo Prime’s backend integration ensures a smooth, lag-free MT4 experience, making it ideal for those new to forex or those who prefer familiarity.

MetaTrader 5

Doo Prime offers MetaTrader 5 as a key part of its platform offerings, designed for traders who are looking to advance their trading skills. MT5’s enhanced interface, additional timeframes, and analytical tools offer a richer trading environment than MT4.

For traders interested in a broader range of assets beyond forex, such as stocks and futures, MT5 is an appealing upgrade.

Overall, MT5 with Doo Prime Review is suitable for those exploring complex trading strategies or requiring deeper market insights. The backward compatibility with MT4 eases the transition, and the built-in economic calendar adds convenience, aligning with Doo Prime’s focus on catering to more advanced traders.

Doo Prime InTrade

Doo Prime InTrade feels purpose-built for its clients. While many brokers adopt third-party platforms, InTrade’s proprietary nature shows a commitment to providing a tailored user experience.

The platform is intuitive, and the in-house design allows quicker updates based on user feedback, a significant advantage in a rapidly evolving trading environment.

The ease of navigation and built-in research tools make InTrade more than other trading platforms. It reflects Doo Prime’s strategy of creating a cohesive trading experience. However, being proprietary, it lacks the broader community and resource support that MT4 and MT5 enjoy.

Doo Prime TradingView

The inclusion of TradingView is a smart move, given its popularity for community-driven insights and advanced charting.

TradingView’s technical capabilities are impressive, and its integration into Doo Prime’s ecosystem offers a unique blend of social interaction and powerful tools. This platform is excellent for traders who want to visually analyze and act on data directly.

TradingView complements Doo Prime’s platform portfolio by offering traders visual data and drawing tools. However, the full suite of data often requires a paid subscription, which may deter some users.

Doo Prime Web API – FIX API 4.4

For high-frequency trading and algorithmic strategies, Doo Prime’s FIX API 4.4 and Web API are game-changers. These platforms cater to institutional clients and traders who need precision and speed. The seamless integration of these APIs with Doo Prime’s liquidity providers is noteworthy.

For most retail traders, FIX API might be too complex. However, for professionals, it offers low latency, deep liquidity, and the ability to build complex trading algorithms. This shows Doo Prime catering to a growing niche that demands sophisticated tools.

Doo Prime Social and Copy Trading

Doo Prime presents a trio of platforms – FOLLOWME, Outrade, and their own Doo Prime CopyTrading – to support social and copy trading. These cater to a range of trading preferences, from complete automation to more hands-on strategies. Here’s our analysis of each.

Doo Prime FOLLOWME

FOLLOWME is a social trading network integrated into Doo Prime that connects traders in a space where they can exchange strategies and copy trades.

The platform’s user-friendly interface lets you easily follow various signal providers. Each provider’s performance data is publicly available, promoting transparency and helping you make informed decisions.

We find that FOLLOWME will be appealing to traders who enjoy being part of a community. The extensive list of signal providers with diverse trading styles and risk profiles is a major plus.

However, while the interface is intuitive, it could be even better with simplified navigation to assist beginners in filtering and selecting providers. For those new to the platform, the abundance of data and performance metrics could feel a bit overwhelming.

Doo Prime Outrade

Outrade provides a more streamlined copy trading experience within Doo Prime. Unlike FOLLOWME, which focuses on social interaction and transparency, Outrade emphasizes automated trade replication.

You choose traders to follow, and the platform automatically replicates their trades in your account. Outrade also allows for customization, like setting maximum drawdown limits, which adds a layer of risk management.

Outrade seems ideal for traders who prefer a hands-off approach. Automated trade replication is a strong feature, especially for those who might not have the time or expertise for active monitoring.

However, there’s a lack of in-depth analytical tools that experienced traders could need. Additionally, providing more detailed data on trader performance could help users evaluate the risk and potential return of each signal provider much better.

Doo Prime CopyTrading

Doo Prime’s own CopyTrading platform offers a direct and uncomplicated way to copy trades within their system.

You select traders to follow, and their strategies are automatically copied. A key benefit is its seamless integration with Doo Prime’s existing account types, making account management easier. The platform uses a user-friendly interface with clear metrics to track trader performance.

The direct integration of Doo Prime CopyTrading within the broker’s ecosystem is its biggest strength, offering a smoother experience compared to third-party solutions. There’s no need for multiple logins and copied trades align with Doo Prime’s trading conditions.

However, there’s a somewhat limited range of signal providers compared to platforms like FOLLOWME. Expanding the variety of signal providers could attract more traders, especially those interested in niche strategies.

Doo Prime PAMM Solutions

PAMM solutions allow investors to benefit from the expertise of seasoned traders. The interface is straightforward for both investors and managers, ensuring transparency in performance and profit-sharing.

Doo Prime’s PAMM solution is suitable for those who want a hands-off approach to trading. However, this requires trust in the manager’s abilities, and Doo Prime could benefit from providing more in-depth stats and historical performance data on their managers.

Doo Prime Gold-I MAM

For money managers handling multiple accounts, Gold-i MAM with Doo Prime offers a streamlined solution. The flexibility it provides in terms of allocation methods adds value to multi-account management.

This is a targeted offering for a specific audience. The platform facilitates efficient trade allocation across accounts. However, the flexibility might be limited for money managers seeking more granular control over their allocation strategy.

Putting Doo Prime’s Platforms Side-by-Side

Can I access Doo Prime platforms from multiple devices?

Yes, Doo Prime platforms are accessible from multiple devices, including desktops, laptops, smartphones, and tablets. This flexibility ensures you can trade wherever you are.

Is there a difference in trading conditions between platforms at Doo Prime?

No, Doo Prime maintains consistent trading conditions, including spreads and execution speed, across all platforms. However, each platform has unique features that may affect the trading experience.

Does Doo Prime offer a web-based trading platform?

Yes, Doo Prime offers a web-based platform called Doo Prime WebTrader. It allows traders to access their accounts and trade directly from a web browser without needing to download or install any software. It is compatible with both MT4 and MT5 accounts.

Are Doo Prime’s platforms compatible with mobile devices?

Yes, all of Doo Prime’s trading platforms, including MT4, MT5, Doo Prime InTrade, and WebTrader, have mobile versions that are compatible with both iOS and Android devices. This enables traders to manage their accounts and execute trades on the go.

Our Insights

Each platform offers robust tools, including advanced charting, customizable indicators, automated trading capabilities, and mobile compatibility, ensuring that traders can manage their accounts and execute trades efficiently from any device

Fees, Spreads, and Commissions

Spreads

Our analysis shows that Doo Prime’s spreads vary depending on the account type. For CENT and STP accounts, EUR/USD spreads begin at 1 pip, which is fairly standard for entry-level traders.

However, the ECN account offers spreads starting from 0.0 pips, which is appealing for scalpers or high-volume traders.

It’s important to note that these tighter spreads on ECN accounts usually come with commission fees. Therefore, traders should carefully consider their overall costs, including these commissions, to determine if this aligns with their trading volume and strategy.

Commissions

Doo Prime’s ECN account involves commission fees, but the specific rates aren’t clearly listed. This suggests some flexibility, potentially based on trading volume or individual agreements.

Overnight Fees, Rollovers, or Swaps

Doo Prime’s practice of adjusting swap fees daily based on various factors, such as market cost and exposure direction, means traders need to stay informed.

Understanding the average historical swaps could help traders plan their strategies more effectively, especially for those who hold positions for multiple days.

Deposit and Withdrawal Fees

One area where Doo Prime offers clarity and a potential advantage is the absence of internal fees for deposits and withdrawals. This can be a significant benefit for active traders who frequently move funds.

However, traders should still be aware of any potential third-party charges from banks or payment processors, which are beyond Doo Prime’s control.

Fund Transfer Fees

Based on the information available on Doo Prime, there are no fees charged for internal fund transfers between account types.

Dividend Handling Fees

Doo Prime charges a 1% handling fee for dividend adjustments. Traders who regularly engage in dividend-based trading strategies should consider this, as these costs can increase over time.

In our experience, transparency in how these fees are applied helps with planning dividend strategies, but traders should remain mindful of how frequent trades might impact their net returns.

Inactivity Fees

Doo Prime doesn’t charge inactivity fees, which is unusual and a positive for traders who might take breaks from trading.

However, if an account remains inactive for more than three months, Doo Prime reserves the right to close it, transferring any positive balance to the trader’s bank account. This is something to consider for traders who prefer a more passive approach.

Currency Conversion Fees

Doo Prime takes a nuanced approach to currency conversion fees. If traders meet certain conditions, like reaching a specific transaction lot quota, they may avoid additional fees. For others, fees will depend on the deposit method and currency involved.

This system favors active traders but could add complexity for those less familiar with such tiered conditions.

CopyTrading Fees

Doo Prime’s CopyTrading feature is designed without platform fees, which is attractive. However, performance-based fees are paid to signal providers and potentially other charges.

The complexities of these fees mean traders should clearly understand the potential costs, particularly how performance fees are calculated and applied.

What is the typical spread on forex pairs at Doo Prime?

Spreads on forex pairs at Doo Prime can start from 0.0 pips on ECN accounts and 1 pip on STP and CENT accounts. The exact spread depends on market conditions and the chosen account type.

How can traders minimize fees when trading with Doo Prime?

Traders can minimize fees by choosing the right account type, trading during low-spread periods, and avoiding unnecessary withdrawals or cross-currency transactions. Understanding the fee structure is key to cost management.

Does Doo Prime charge commissions on trades?

Yes, Doo Prime charges commissions on trades, but this depends on the account type. For ECN accounts, a commission is charged in addition to the spread. The commission rate may vary depending on the asset class and the trading volume.

What are swap fees, and does Doo Prime charge them?

Swap fees, also known as overnight fees, are charges incurred for holding a leveraged position overnight. Doo Prime does charge swap fees, and the rates vary depending on the instrument and market conditions. Traders using swap-free (Islamic) accounts are exempt from swap fees.

Our Insights

Doo Prime’s fee structure is well-suited for both beginner and experienced traders, providing a balanced mix of cost efficiency and trading flexibility.

Leverage and Margin

Doo Prime’s approach to leverage and margin reveals a focus on providing flexibility while attempting to balance risk management. Let’s delve deeper into how they structure these components:

Doo Prime Trading Hours

Doo Prime Execution Info For Traders

The broker provides traders with detailed information on order types and execution, which is crucial when evaluating a platform. Understanding how orders are executed can help traders assess aspects like order handling quality, potential slippage, and associated risks.

Types of Orders and Execution:

• Doo Prime supports various order types like Market Orders, Buy Limit/Sell Limit Orders, Buy Stop/Sell Stop Orders, Stop Loss, and Take Profit Orders. This variety is helpful for risk management and automating trading strategies.
• The range of order types is beneficial, especially for seasoned traders who use various order strategies. However, Doo Prime mentions that orders are executed at the client’s input price or the next available market price (especially in volatile markets), highlighting potential slippage.

Execution Venue:

• Doo Prime acts as the principal, executing all client trades internally and sometimes transmitting orders to third-party liquidity providers. This means trades aren’t executed on a recognized exchange, introducing counterparty risk.
• Doo Prime acting as the principal offers flexibility in liquidity provision but also exposes traders to higher counterparty risk. More information on the quality and reputation of their liquidity providers and how often orders are transmitted versus executed internally could increase trader confidence.

Doo Prime Dividend Info

Dividend information is essential for traders dealing with CFDs on stocks or stock indices, as it can affect trading costs and profits, especially around ex-dividend dates. Here’s what we found with Doo Prime:

Doo Prime adjusts dividends on the ex-dividend date for CFDs to prevent unfair profits or losses due to price changes. The dividend amount is credited for long positions, while for short positions, it’s deducted.

The explanation of dividend adjustments is clear and standard. However, more details on the parameters set by Doo Prime’s liquidity providers would be beneficial, as these determine the actual adjustment amount.

Doo Prime charges a 1% handling fee for dividend adjustments in stock indices. While relatively low, this can accumulate for frequent dividend-related trades.

Does Doo Prime offer commodities trading?

Yes, Doo Prime offers trading in commodities such as crude oil, natural gas, and metals like gold and silver. These commodities are available as CFDs and ETFs.

What leverage does Doo Prime provide for different asset classes?

Doo Prime offers varying leverage across asset classes—up to 1:1000 for forex, 1:200 for indices, and 1:50 for commodities. The leverage options depend on the instrument and market conditions.

Does Doo Prime offer negative balance protection?

Yes, Doo Prime offers negative balance protection, ensuring that traders cannot lose more than their account balance.

Can I adjust my leverage settings with Doo Prime?

Yes, traders can adjust their leverage settings through the Doo Prime client portal or by contacting customer support.

Our Insights

Doo Prime’s approach to leverage and margin provides a balanced framework for both new and experienced traders, ensuring safety and flexibility in trading.

Educational Resources

Trading Reports

Doo Prime regularly publishes trading reports, like those for July and June 2024, which offer updates on key metrics like monthly trading volumes. These reports give a general sense of the platform’s activity.

However, they seem to focus more on showcasing Doo Prime’s successes than providing in-depth analysis that traders can use in their strategies.

While these reports are a good start, they could be made more valuable by adding comprehensive market analysis.

This could include things like identifying upcoming trends or potential market-moving events. This would make them much more useful for traders who base their decisions on data.

VPS

Doo Prime’s Virtual Private Server (VPS) service is a great feature for traders who use automated strategies or need a reliable and secure trading connection. The VPS provides 24/7 operation, low latency for fast order execution and robust security measures.

This service is especially helpful for traders who need constant market access, particularly during high volatility.

However, you need a minimum deposit of USD $1000 minimum deposit, subject to the country of residence (available to tier 2 and 3 countries)

What kind of market analysis does Doo Prime provide?

Doo Prime offers regular market analysis reports, including technical and fundamental analysis. These insights help traders make more informed decisions based on current market trends.

Can I find tutorials on how to use trading platforms at Doo Prime?

Yes, Doo Prime provides platform tutorials for MetaTrader 4, MetaTrader 5, and its proprietary InTrade platform. These tutorials guide traders on navigating and using the platform features effectively.

Does Doo Prime offer one-on-one mentoring or coaching sessions?

Doo Prime does not explicitly offer one-on-one mentoring or coaching sessions as part of its standard educational package.

Can I access Doo Prime’s educational resources in multiple languages?

Yes, Doo Prime’s educational resources are available in multiple languages, catering to a global audience.

Our Insights

Doo Prime’s commitment to trader education reflects its aim to empower clients with the knowledge and tools needed to make informed trading decisions and achieve long-term success.

Partnership Options

Doo Prime has multiple partnership avenues for those wanting to collaborate with them – there’s an Introducing Broker (IB) program and a dedicated Affiliate Program.

These cater to various potential partners, whether you’re a trading educator, run a website, are a social media influencer, or focus on affiliate marketing. Each program offers its structure and benefits, letting you pick what best suits your goals and audience.

Introducing Broker

The IB program seems well-suited for those with an established trading community network. It allows you to earn commissions by referring clients to Doo Prime. The program’s popularity is evident, with over 37,000 IBs and significant payouts.

Becoming an IB is relatively straightforward: register with Doo Prime, submit an application, and upon approval, you’ll receive a unique referral link to start onboarding clients.

The incentives include real-time commission payments, customizable rebate levels, and revenue-sharing structures. The program offers additional perks like access to advanced trading platforms, marketing tools, and dedicated account managers.

Affiliate Program

The Affiliate Program is tailored towards those with a robust online presence or digital marketing skills. It operates on a CPA model where you can earn up to $800 per referral. The program’s simplicity and uncapped commission structure make it appealing.

The key features include competitive commissions, monthly payments, advanced marketing tools, and no limits on earnings. However, success in this program depends heavily on your ability to drive quality traffic and convert leads into active traders.

How to Register an Affiliate Account with Doo Prime Step-by-Step

The registration process for the Affiliate Program is user-friendly: visit the Doo Prime website, complete the registration form, submit your application, and upon approval, you’ll gain access to a personalized dashboard.

From there, you can use the available tools to start promoting Doo Prime and earning commissions.

Can affiliates track their performance with Doo Prime?

Yes, Doo Prime offers a personalized dashboard for affiliates to track their referrals, commissions, and performance metrics in real time. This transparency helps affiliates manage their campaigns effectively.

Does Doo Prime have a payout threshold for affiliates?

Yes, Doo Prime has a minimum payout threshold that affiliates must reach before commissions are paid out. The specific threshold amount can vary based on the affiliate agreement.

What is the Introducing Broker (IB) program at Doo Prime?

The Introducing Broker (IB) program at Doo Prime allows partners to earn commissions by referring new clients to the platform.

What are the benefits of becoming a Doo Prime partner?

Benefits include competitive commission structures, access to marketing tools and resources, dedicated support, and advanced technology to help partners grow their businesses. Partners can also leverage Doo Prime’s strong brand and global presence to attract clients.

Our Insights

Doo Prime’s partnership programs are well-structured, accessible, and designed to promote mutual growth, making them an attractive choice for those looking to enter the financial services market or expand their existing operations.

Customer Support

Response Time

Complaints Handling

Doo Prime’s approach to handling complaints seems structured and organized, requiring clients to report issues within three business days. This emphasizes the importance of timely reporting from traders.

Once a complaint is submitted, Doo Prime commits to investigating the matter, taking necessary actions, and keeping the client updated.

Notably, they reserve the right to close any disputed transactions without prior notice if they believe it is necessary to mitigate financial exposure.

Self-Help Resources

Doo Prime’s Help Center provides an extensive array of resources, from account-related queries to detailed guides on using trading tools and platforms.

This centralized hub is practical for traders seeking self-help options, but the content organization could benefit from more intuitive navigation or categorization, especially for new users unfamiliar with industry jargon.

Doo Prime On Social Media

Can I get technical assistance for trading platforms from Doo Prime support?

Yes, Doo Prime customer support provides technical assistance for all its trading platforms, including MetaTrader 4, MetaTrader 5, and InTrade. Support agents can guide platform installation, configuration, and troubleshooting.

What are the operating hours for Doo Prime’s phone support?

Doo Prime’s phone support operates 24/7 for most regions, providing coverage during active trading hours. Different phone numbers are available for various regional offices.

Is live chat support available 24/7 at Doo Prime?

Yes, Doo Prime provides 24/7 live chat support. This ensures that clients can get immediate assistance regardless of their time zone or trading hours.

What customer support options does Doo Prime offer?

Doo Prime offers several customer support options, including live chat, email, and phone support.

Our Insights

Doo Prime’s commitment to comprehensive customer support reflects its dedication to providing a seamless and supportive trading environment for all clients.

Current Partnerships

From what we can see, Doo Prime’s partnerships extend beyond mere brand association, offering unique incentives that resonate with a wider audience.

Their collaboration with Manchester United is noteworthy and can offer clients and affiliates exclusive opportunities tied to a globally recognized football club.

This partnership bridges the gap between trading and sports, merging the financial world with a beloved football brand.

In our experience, strategic partnerships are common for companies seeking global outreach, Doo Prime’s partnership with the Manchester United association in their affiliate and client engagement strategies provides them with additional marketing leverage.

Social Responsibility

Doo Prime integrates corporate social responsibility (CSR) into its core operations through three main pillars: people-oriented practices, sustainable development, and rigorous business standards. Their CSR efforts include providing aid during global crises, such as donations for the Morocco earthquake and Greece flood relief.

They also partner with organizations like The Spastic Children’s Association and support education through scholarships at King’s College London. Additionally, Doo Prime engages in health campaigns to promote wellness both within the company and the broader community.

	Broker	Review	Regulators	Min Deposit	Website
🥇		Read Review	ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA	USD 100	Visit Broker
🥈		Read Review	FSCA, IFSC, ASIC, CySEC, DFSA, FCA	USD 5	Visit Broker
🥉		Read Review	FCA, FSCA, FSC, CMA	USD 10	Visit Broker
4		Read Review	ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB	USD 200	Visit Broker
5		Read Review	FSC, FSA, VFSC	USD 10	Visit Broker
6		Read Review	CySEC, MISA, FSCA	USD 25	Visit Broker
7		Read Review	CySEC, FCA, FSA, FSCA, Labuan FSA	USD 100	Visit Broker
8		Read Review	CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA	USD 10	Visit Broker
9		Read Review	ASIC, CySEC, FSCA, CMA	USD 100	Visit Broker
10		Read Review	IFSC, FSCA, ASIC, CySEC	USD 1	Visit Broker

Our Recommendations

Doo Prime has an amazing offer for different traders, but there are some areas we’d like to highlight where improvements can be made:

• More transparency on spread variability and execution speeds across different pairs would be helpful for traders.
• Provide historical average swap rates or a tool to calculate estimated swap fees for different instruments and holding periods.
• Increase the variety of signal providers on the Doo Prime CopyTrading platform to cater to diverse trading strategies.
• Add more in-depth analytical tools and historical performance data for signal providers on FOLLOWME and Outrade.
• Diversify educational materials beyond basic tutorials, including webinars, seminars, and advanced trading strategy guides.
• Make the tiered conditions for avoiding currency conversion fees more transparent and easier to understand.

Consider adding more global stock markets and diversifying the range of commodities and futures to attract a broader audience.

Pros and Cons

In Conclusion

Doo Prime has a compelling offering for traders at various stages in their journey. The extensive range of over 10,000 trading instruments, encompassing forex, stocks, indices, commodities, and beyond, immediately stands out.