BrokerNotes.co is committed to the highest ethical standards and reviews services independently. Learn How We Make Money

DooPrime vs Xtrade 2022

BrokerNotes.co

Written by BrokerNotes.co

Last updated August 30, 2022
Published April 26, 2022

Trying to decide between DooPrime and Xtrade? Weโ€™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 Xtrade.

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.
Select Brokersexpand_moreclose
Overall Rating expand_moreexpand_less DooPrime Xtrade IG
Overall Rating 7.7 / 10 6.5 / 10 9.7 / 10
Account Type expand_moreexpand_less DooPrime Xtrade IG
Standard Account Yes Yes Yes
Mini Account Yes Yes Yes
Micro Account Yes Yes Yes
Islamic Account No No No
Copy Trading expand_moreexpand_less DooPrime Xtrade IG
Social Trading / Copy Trading Yes No Yes
DupliTrade No No No
ZuluTrade No No No
Cryptocurrency expand_moreexpand_less DooPrime Xtrade IG
Cryptocurrency (Physical) No No No
Cryptocurrency (CFD) No Yes Yes
Bitcoin No Yes Yes
ethereum No Yes Yes
Forex Trading (Spot or CFDs) expand_moreexpand_less DooPrime Xtrade IG
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Indices (Index CFDs) expand_moreexpand_less DooPrime Xtrade IG
DAX Yes Yes Yes
Dow Jones Yes Yes Yes
FTSE Yes Yes Yes
NASDAQ 100 Yes Yes Yes
Nikkei Yes Yes Yes
SP 500 Yes Yes Yes
Investments expand_moreexpand_less DooPrime Xtrade IG
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Spread Betting No No Yes
Social Trading / Copy Trading Yes No Yes
Metals Yes Yes Yes
Energies Yes Yes Yes
Agriculturals Yes Yes Yes
ETF Yes Yes Yes
U.S. Stocks (CFD) Yes No Yes
Trading Platforms expand_moreexpand_less DooPrime Xtrade IG
Apple iOS App Yes Yes Yes
Android App Yes Yes Yes
Proprietary Platform Yes Yes Yes
Desktop Platform (Windows) Yes No Yes
Web Platform Yes Yes Yes
MetaTrader 4 (MT4) Yes No Yes
MetaTrader 5 (MT5) Yes No No
Regulatory Licenses expand_moreexpand_less DooPrime Xtrade IG
Tier-1 Licenses 2 1 7
ASIC Authorised (Australia) No Yes Yes
IIROC Authorised (Canada) No No No
FCA Authorised (U.K.) Yes No Yes
SFC Authorised (Hong Kong) Yes No No
MAS Authorised (Singapore) No No Yes
FINMA Authorised (Switzerland) No No Yes
CFTC Registered (USA) No No Yes
Tier-2 Licenses 0 2 2
Tier-3 Licenses 2 1 1
Research, Education expand_moreexpand_less DooPrime Xtrade IG
Trading Central (Recognia) Yes No No
Forex News (Top-Tier Sources) Yes Yes Yes
Daily Market Commentary Yes Yes Yes
Autochartist No No Yes
Investor Dictionary (Glossary) No Yes Yes
Videos - Beginner Trading Videos Yes No Yes
Client Webinars (Archived) No No Yes
Trading Costs expand_moreexpand_less DooPrime Xtrade IG
Minimum Initial Deposit $100 $250 ยฃ250.00
Average Spread EUR/USD - Standard -1 -1 0.86 (September 2022)
All-in Cost EUR/USD - Active -1 -1 0.365 (May 2020)
Active Trader or VIP Discounts No Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes Yes
PayPal (Deposit/Withdraw) Yes No Yes
Trading Tools expand_moreexpand_less DooPrime Xtrade IG
Watchlists - Total Fields 7 9 14
Mobile Watchlist Yes No Yes
Charting - Indicators / Studies (Total) 30 N/A 33
Mobile Charting - Indicators / Studies 30 N/A 33
Trust Factors expand_moreexpand_less DooPrime Xtrade IG
Year Founded 2014 2003 1974
Publicly Traded (Listed) No No Yes
Bank No No Yes
Authorised in European Union No No Yes
Trust Score 84 80 99
  • check_box_outline_blankcheck_boxACY Securities
  • check_box_outline_blankcheck_boxAdmiral Markets
  • check_box_outline_blankcheck_boxAlpari
  • check_box_outline_blankcheck_boxATFX
  • check_box_outline_blankcheck_boxAvaTrade
  • check_box_outline_blankcheck_boxAxiTrader
  • check_box_outline_blankcheck_boxBDSwiss
  • check_box_outline_blankcheck_boxBlackBull Markets
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxCity Index
  • check_box_outline_blankcheck_boxCMC Markets
  • check_box_outline_blankcheck_boxDooPrime
  • check_box_outline_blankcheck_boxeasyMarkets
  • check_box_outline_blankcheck_boxEightcap
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxExness
  • check_box_outline_blankcheck_boxFineco Bank
  • check_box_outline_blankcheck_boxFOREX.com
  • check_box_outline_blankcheck_boxForex4you
  • check_box_outline_blankcheck_boxFP Markets
  • check_box_outline_blankcheck_boxFXCM
  • check_box_outline_blankcheck_boxFXOpen
  • check_box_outline_blankcheck_boxFXPrimus
  • check_box_outline_blankcheck_boxFxPro
  • check_box_outline_blankcheck_boxGBE brokers
  • check_box_outline_blankcheck_boxGKFX
  • check_box_outline_blankcheck_boxHFM
  • check_box_outline_blankcheck_boxHYCM (Henyep)
  • check_box_outline_blankcheck_boxIC Markets
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxIronFX
  • check_box_outline_blankcheck_boxLegacyFX
  • check_box_outline_blankcheck_boxLibertex (Forex Club)
  • check_box_outline_blankcheck_boxMarkets.com
  • check_box_outline_blankcheck_boxMoneta Markets
  • check_box_outline_blankcheck_boxOANDA
  • check_box_outline_blankcheck_boxOctaFX
  • check_box_outline_blankcheck_boxPepperstone
  • check_box_outline_blankcheck_boxPlus500
  • check_box_outline_blankcheck_boxRoboForex (RoboMarkets)
  • check_box_outline_blankcheck_boxSaxo Bank
  • check_box_outline_blankcheck_boxSpreadex
  • check_box_outline_blankcheck_boxSwissquote
  • check_box_outline_blankcheck_boxTD Ameritrade
  • check_box_outline_blankcheck_boxTeleTrade
  • check_box_outline_blankcheck_boxThinkMarkets
  • check_box_outline_blankcheck_boxTickmill
  • check_box_outline_blankcheck_boxTMGM
  • check_box_outline_blankcheck_boxTopFX
  • check_box_outline_blankcheck_boxTrade Nation
  • check_box_outline_blankcheck_boxTrade360
  • check_box_outline_blankcheck_boxTradeo
  • check_box_outline_blankcheck_boxTrading 212
  • check_box_outline_blankcheck_boxUFX
  • check_box_outline_blankcheck_boxVantage
  • check_box_outline_blankcheck_boxVestle
  • check_box_outline_blankcheck_boxVT Markets
  • check_box_outline_blankcheck_boxXM Group
  • check_box_outline_blankcheck_boxXTB
  • check_box_outline_blankcheck_boxXtrade
Compare 0 of 5
arrow_upward

DooPrime vs Xtrade 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 Xtrade.

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 โ€“ in most cases โ€“ 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 โ€œDo Not Trustโ€ rating.

Can I trust Xtrade?

Xtrade has a trust score of 80, giving it a "Trusted" trust label.

Is DooPrime a good broker?

Is Xtrade 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 Xtrade is ASIC Authorised (Australia)., neither have 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, DooPrime is none, while Xtrade is CySEC Authorised (Cyprus) and FSCA Authorised (South Africa)., neither have CBRC Authorised (China), SEBI Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses DooPrime is FSC Authorised (Mauritius) and VFSC Authorised (Vanuatu), while Xtrade is IFSC Authorised (Belize)., neither have SCB Authorised (Bahamas), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands) and CIMA Authorised (Cayman Islands).

Which broker offers more trading platforms?

For trading platforms DooPrime supports a Proprietary Platform and Desktop Platform (Windows), whereas Xtrade supports a Proprietary Platform., neither have cTrader, DupliTrade and ZuluTrade

Does DooPrime offer MetaTrader? Does Xtrade offer MetaTrader?

For MetaTrader DooPrime provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while Xtrade provides neither of these. If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

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

DooPrime requires a minimum deposit of $100, while Xtrade requires a minimum deposit of $250. From our testing we found DooPrime offers spreads of -1, while Xtrade 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 Xtrade supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw).

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

DooPrime offers a more diverse selection of investment options than Xtrade allowing you to trade Forex Trading, Trading - Forex 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 142 from Xtrade.

Can I trade cryptocurrency with DooPrime or Xtrade?

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 โ€” including spot forex contracts. In terms of trading physical cryptocurrency neither DooPrime nor Xtrade allow you to trade physical cryptocurrencies.

Who offers more research tools, DooPrime or Xtrade?

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 Xtrade has the tools listed here: Daily Market Commentary, Stock Charts and Forex News (Top-Tier Sources)., neither have Autochartist




close