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DooPrime vs Forex4you 2022

BrokerNotes.co

Written by BrokerNotes.co

November 08, 2022

Trying to decide between DooPrime and Forex4you? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, DooPrime ranks more highly than Forex4you.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall RatingDooPrimeForex4youIG
Overall Rating7.7 / 106.9 / 109.7 / 10
Account TypeDooPrimeForex4youIG
Standard Trade Size (100,000 units)YesYesYes
Mini Trade Size (10,000 units)YesYesYes
Micro Trade Size (1,000 units)YesYesYes
Islamic AccountNoYesNo
Copy TradingDooPrimeForex4youIG
Social Trading / Copy TradingYesYesYes
DupliTradeNoNoNo
ZuluTradeNoNoNo
CryptocurrencyDooPrimeForex4youIG
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)NoYesYes
BitcoinNoYesYes
ethereumNoYesYes
Forex Trading (Spot or CFDs)DooPrimeForex4youIG
Forex Trading (Spot or CFDs)YesYesYes
Mobile Trading - Forex or CFDsYesYesYes
Indices (Index CFDs)DooPrimeForex4youIG
DAXYesYesYes
Dow JonesYesYesYes
FTSEYesYesYes
NASDAQ 100YesYesYes
NikkeiYesYesYes
SP 500YesYesYes
InvestmentsDooPrimeForex4youIG
Forex Trading (Spot or CFDs)YesYesYes
Spread BettingNoNoYes
Social Trading / Copy TradingYesYesYes
MetalsYesYesYes
EnergiesYesYesYes
AgriculturalsYesNoYes
ETFYesNoYes
U.S. Stocks (CFD)YesYesYes
Trading PlatformsDooPrimeForex4youIG
Apple iOS AppYesYesYes
Android AppYesYesYes
Proprietary PlatformYesYesYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesYesNo
Regulatory LicensesDooPrimeForex4youIG
Tier-1 Licenses207
ASIC Authorised (Australia)NoNoYes
IIROC Authorised (Canada)NoNoNo
FCA Authorised (U.K.)YesNoYes
SFC Authorised (Hong Kong)YesNoNo
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
CFTC Registered (USA)NoNoYes
Tier-2 Licenses002
Tier-3 Licenses211
Research, EducationDooPrimeForex4youIG
Trading Central (Recognia)YesYesNo
Forex News (Top-Tier Sources)YesYesYes
Daily Market CommentaryYesYesYes
AutochartistNoYesYes
Investor Dictionary (Glossary)NoNoYes
Videos - Beginner Trading VideosYesNoYes
Client Webinars (Archived)NoYesYes
Trading CostsDooPrimeForex4youIG
Minimum Initial Deposit$100$0£250.00
Average Spread EUR/USD - Standard-1-10.86 (September 2022)
All-in Cost EUR/USD - Active-1-10.5957 (September 2022)
Active Trader or VIP DiscountsNoNoYes
Bank Wire (Deposit/Withdraw)YesYesYes
Visa/Mastercard (Credit/Debit)YesYesYes
PayPal (Deposit/Withdraw)YesNoYes
Trading ToolsDooPrimeForex4youIG
Watchlists - Total Fields7714
Mobile WatchlistYesYesYes
Charting - Indicators / Studies (Total)303033
Mobile Charting - Indicators / Studies303033
Trust FactorsDooPrimeForex4youIG
Year Founded201420071974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Authorised in European UnionNoNoYes
Trust Score846299
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DooPrime vs Forex4you Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare DooPrime vs Forex4you.

Can I trust DooPrime?

DooPrime has a trust score of 84, giving it a "Average Risk" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are – in most cases – operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a “Do Not Trust” rating.

Can I trust Forex4you?

Forex4you has a trust score of 62, giving it a "High Risk" trust label.

Is DooPrime a good broker?

Is Forex4you a good broker?

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. DooPrime is SFC Authorised (Hong Kong) and FCA Authorised (U.K.), while Forex4you is none., neither have ASIC Authorised (Australia), IIROC Authorised (Canada), CBI Authorised (Ireland), FSA Authorised (Japan), MAS Authorised (Singapore), FMA Authorised (New Zealand), FINMA Authorised (Switzerland) and CFTC Registered (USA)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, unfortunately, neither DooPrime nor Forex4you are CBRC Authorised (China), CySEC Authorised (Cyprus), SEBI Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), FSCA Authorised (South Africa), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE)., neither have DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses DooPrime is FSC Authorised (Mauritius) and VFSC Authorised (Vanuatu), while Forex4you is FSC Authorised (British Virgin Islands)., neither have SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda) and CIMA Authorised (Cayman Islands).

Which broker offers more trading platforms?

Both DooPrime and Forex4you offer a Proprietary Platform and Desktop Platform (Windows)., neither have cTrader, DupliTrade and ZuluTrade

Does DooPrime offer MetaTrader? Does Forex4you offer MetaTrader?

Both DooPrime and Forex4you offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If you’re new to MetaTrader 4 here’s our educational guide on how to use MT4.

How do DooPrime and Forex4you differ in terms of minimum deposit? What about average spreads and funding options?

DooPrime requires a minimum deposit of $100, while Forex4you requires a minimum deposit of $0. From our testing we found DooPrime offers spreads of -1, while Forex4you offers spreads of -1. DooPrime supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for popular funding options, where Forex4you supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw).

Which brokers offers more tradeable asset classes, DooPrime or Forex4you?

DooPrime offers a more diverse selection of investment options than Forex4you allowing you to trade Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD)., neither have Spread Betting Looking at total tradeable symbols, DooPrime has 10000, compared to 150 from Forex4you.

Can I trade cryptocurrency with DooPrime or Forex4you?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative — including spot forex contracts. In terms of trading physical cryptocurrency neither DooPrime nor Forex4you allow you to trade physical cryptocurrencies.

Who offers more research tools, DooPrime or Forex4you?

In terms of research and research tools DooPrime gives traders the following tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading. In comparison Forex4you has the tools listed here: Autochartist, Daily Market Commentary, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading.

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