Doo Prime Review 2023

/ 5
Doo Prime is #13 in our CFD broker rankings.

We recommend Doo Prime for beginners due to the low minimum deposit, Cent account and social trading features. The ECN account and VPS will also serve active day traders.

- DayTrading Review Team

Doo Prime is an online forex and securities broker established in 2014 with over 90,000 global clients. The firm is regulated by multiple bodies including the FCA, ASIC and SEC. Beginners can access a free demo account while experienced traders enjoy unrestricted trading with leverage up to 1:1000. Alongside the MetaTrader platforms, Doo Prime offers a range of tools including Trading Central analysis and copy trading.


Demo Account

Copy Trading

Award Winning
MT4, MT5, TradingView, TradingCentral
CFDs, Forex, Stocks, Indices, Commodities, Futures, ETFs
Wire Transfer, Debit Card, Credit Card, Skrill, FasaPay
and 6 more

Forex Trading

Doo Prime offers trading on 60+ currency pairs including majors, minors and exotics. The no-dealing desk model used by this broker allows them to offer competitive pricing and excellent execution speeds. There are also forex-specific tools in the Doo Prime MTE Media Academy.

Stock Trading

Traders can go long or short on over 300 popular US and Hong Kong stocks with very high leverage up to 1:1000. You can also access stock market analysis from the popular Trading Central tool and stay up to date through the broker's own insights.

CFD Trading

Doo Prime offers a wide variety of CFDs spanning equities, forex, indices and commodities. Traders can speculate on prices with flexible leverage up to 1:1000. The low minimum deposit and zero transaction fees also make CFD trading more accessible for those on lower budgets.

Copy Trading

Doo Prime offers two social trading platforms; Outrade and FOLLOWME. Both solutions have thousands of active traders you can follow and real-time performance statistics to help find a master trader that aligns with your goals and risk tolerance.


  • Most Potential Broker 2022, FOLLOWME
  • Top 10 Popular Broker 2022, FOLLOWME
  • Best Broker in Financial Technology 2020, FOLLOWME
  • Excellent Customer Service 2020, Global Derivatives Real Trading Competition

✓ Pros

  • Excellent suite of trading tools including MT4, MT5, TradingView and Trading Central
  • FIX API for experienced traders requiring ultra-low latency and rapid performance
  • Two social trading platforms for beginners looking for community interaction
  • Heavily regulated broker with oversight from the FCA, ASIC and SEC
  • Dozens of supported payment methods and currencies
  • Strong market coverage with 10,000+ instruments
  • Fast execution speeds of 50ms
  • High leverage up to 1:1000

✗ Cons

  • Limited educational materials vs alternative brokers
  • Weak regulatory cover through offshore entities
  • Mediocre customer service following tests
  • $5000 deposit required to access the VPS
  • No swap-free account for Muslim traders
  • Average spreads and trading fees
  • No cryptocurrency trading

In this Doo Prime review, our experts assess the pros and cons of trading with this multi-regulated broker. We compare the broker’s investment offerings, trading fees, leverage and accounts. Find out whether to sign up with Doo Prime.

Assets & Markets

Doo Prime offers an impressive range of over 10,000 assets from 6 different classes.

This competes well with other brokers we have reviewed and will appeal to traders looking to diversify their portfolios with a varied selection of forex pairs and securities.

Supported instruments include:

Account Types

Doo Prime offers three accounts to retail traders: Cent, STP and ECN.

Overall, we found the conditions in the Cent and STP accounts were best suited to beginners looking for lower deposit requirements and reasonable fees.

The ECN account has higher entry requirements in exchange for the tightest spreads, making it a better pick for active and experienced day traders.

The minimum deposit of $100 in the Cent and STP accounts is competitive compared to brokers like IC Markets ($200), though not as low as some of the best brokers we have reviewed. For example, XM lets you start with just $5.

We have highlighted the key differences between the live accounts below.


Best for beginners


Best for beginners, stocks and futures traders


Best for experienced day traders

On the negative side, there is no Islamic swap-free account for Muslim traders.

How To Open An Account

We found the sign-up process straightforward and didn’t come across any issues. To get started:

  1. Register with your email/phone number and choose a password
  2. Verify your account with the verification email/text
  3. Enter details such as your nationality and name and submit identity documents for verification
  4. Fill in your contact information
  5. Sign the compliance document

Opening a new account at Doo Prime

Payment Methods

I was impressed with the variety of payment methods. The broker offers 20 funding methods in 22 currencies, so global traders can avoid currency conversion fees.

For deposits, you can use local and international bank transfers, credit cards, Apple Pay, Google Pay, Epay, Skrill, Fasapay and HWGC. I was a little disappointed that more global e-wallets such as PayPal are not supported, but this is a minor complaint.

Furthermore, whilst bank transfers and e-wallets are supported for withdrawals, credit cards are not, and fewer currencies are available when withdrawing funds.

With that said, we did find that transferring funds was very simple and easy to do internationally. For instant deposits, we would recommend credit card or e-wallet funding as bank transfers can take up to 5 days.

I was also pleased to find there were no deposit or withdrawal fees (other than third-party fees), which is above the standard of eToro, for example, which charges $5 for withdrawals.

Overall, the payment method services at Doo Prime are very good, competing well with top brokers.

How To Deposit Funds

I found the depositing process straightforward and fast:

  1. Log in to the client portal
  2. Click on the ‘Fund’ icon in the left-hand menu
  3. Press the ‘Deposit’ icon in the drop-down menu
  4. Select the payment method you want to use and enter the amount you want to transfer
  5. Confirm the deposit

Trading Fees

Trading fees at Doo Prime are average.

While the broker advertises spreads as low as 0.1 pips, we got 1.3 pips on GBP/USD and 1.7 on EUR/AUD upon testing, which aren’t the lowest.

We were pleased with the zero transaction fees in the CENT and STP accounts, but it is a shame that they are charged in the ECN profile.

Ultimately, we found real-time spreads and commissions relatively unclear and the lack of transparency around pricing is a noticeable drawback.

Non-Trading Fees

Our team rated that there are no inactivity fees at Doo Prime, which is good compared to the likes of XTB which charge $10 per month after 12 months of inactivity.

The copy trading tools are also free for account holders, making the broker attractive to beginners.

Trading Platforms

Doo Prime offers the popular and reliable MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.

Whether you are a beginner or a more experienced trader, both interfaces are simple and user-friendly yet boast a comprehensive suite of advanced tools. With that said, we would recommend the MT4 platform to beginners whilst the MT5 platform will suit more experienced traders looking for further analysis tools, order types and faster processing.

In both cases, traders can access an excellent range of customizable layouts, Expert Advisors (EAs), charting features, and technical analysis tools.

You can download the platforms onto your computer or opt for the highly-rated iOS or Android apps.

It is good to see that Doo Prime also offers TradingView and FIX API 4.4 Pros platforms which offer excellent analysis tools and low-latency trading technology for experienced technical traders.

TradingView chart at Doo Prime broker

I have listed my favorite features from each platform below.

MetaTrader 4

MetaTrader 5



How To Place A Trade

I find it very simple to place a trade on both MetaTrader platforms:

  1. From your MetaTrader platform click on the asset you want to trade
  2. In the ‘New Order’ pop-up enter the lot volume
  3. Adjust stop loss or take profit if you want to
  4. Select whether the order is instant or pending
  5. Press ‘Buy’ or ‘Sell’ to make the trade

Mobile App

Doo Prime has also developed its own proprietary mobile app called Doo Prime InTrade, which we enjoyed using. The platform is downloadable for iOS and Android devices.

The app also integrates seamlessly with your MetaTrader terminals, so you can easily view your accounts and track your investments whilst on the go.

Overall, I found the app very user-friendly, with access to real-time price data, trading history, market news and more.

Regulation & License

Our experts are satisfied with the regulatory status of Doo Prime.

The Doo Group is regulated by top-tier institutions: the SEC and FINRA in the US, the UK’s FCA, and Australia’s ASIC.

In addition, the broker holds offshore licenses with the Seychelles FSA, Mauritius FSC, and Vanuatu FSC.

Overall, we are comfortable that this broker can be trusted, however, traders should be aware that the level of client protection offered will depend on your jurisdiction. Our team also found that the offshore entities are offered to traders in regulated areas, such as the UK, which may reduce account and fund safety.

The details of the individual governing bodies are listed below:

In terms of security, it is good to see that the broker uses multi-encryption including 256-bit SSL asymmetric transmission to protect clients and traders against DDoS/CC cyber-attacks.


Leverage at Doo Prime varies depending on the asset you want to trade and your location. The broker does offer high leverage up to 1:1000 through some entities, which is well above the UK/AU/EU cap of 1:30.

This high leverage allows traders more purchasing power but also comes with the risk of much greater losses. With this in mind, I would recommend employing solid risk management tools.

The broker imposes a stop-out at 30%.

Demo Account

We were pleased to find that Doo Prime offers a free demo mode to simulate the STP and ECN accounts.

These are great for those new to trading as they allow you to learn without financial risk. Furthermore, it can be a good way for more experienced traders to test out their strategies before investing funds.

However, it was a shame that there is no demo available for the Cent account, especially as it is primarily aimed at beginners.

How To Open A Demo Account

Opening a demo account at Doo Prime is fairly straightforward, however, you do have to follow the same initial registration and verification process for a live account first. As a result, the process takes longer than some competitors.

To get started:

  1. Enter your email address or phone number
  2. Verify your account with the link sent to your email address/phone
  3. Log in to your client portal
  4. Enter your identity information and verify your account
  5. Click on the ‘home’ icon in the left-hand menu
  6. Scroll down and under the Demo Account section click on the ‘Add More Accounts’ icon
  7. Enter the account conditions and confirm your demo account

Bonuses & Promotions

At the time of writing, Doo Prime offers a lucky draw event which gives traders the chance to win luxury prizes including cars, iPhones and up to $888.

Clients who meet the deposit and trading terms receive one entry into the draw while new clients who register during the bonus period will receive two entries.

But importantly – we do not recommend picking a broker based only on their bonus. Other factors should be considered, including accounts, fees and trading tools.

Additional Tools

Overall, we were impressed with the variety of additional trading tools offered by this broker, including two copy-trading platforms and top-class market analysis from Trading Central.

Social & Copy Trading

Doo Prime’s social trading platforms, Outrade and FOLLOWME, allow traders to communicate and share information with experienced traders globally.

Once you sign up, you can follow and copy other strategies by investors which match your goals. The tools are especially useful for beginners as they allow you to learn from investors whilst engaging in the social element of online trading.

Copy traders at Doo Prime

When we tested the tools, we particularly liked Outrade’s heatmap and exposure tools, showing client sentiment on key assets. You also get a comprehensive summary of the strategies supplied by the top signal providers.

Trading Central

Doo Prime also offers the hugely popular analytics software, Trading Central, which boasts over 8000 trading tools and real-time analysis with 24/7 coverage.

The tool is highly user-friendly yet provides in-depth daily insights on key markets.


We were pleased to find the broker offers a virtual private server (VPS) allowing traders to execute uninterrupted trades at fast speeds.

The VPS uses an external server to manage trading connectivity so your account can run without the downtime caused by computer problems.

This will suit high-volume, serious traders although it should be noted that you need to deposit $5000 to use the VPS, which is fairly steep.

Education & Research

We liked the broker’s dedicated news page, offering a vast library of company news, market updates, product notifications and analysis. The volume and quality of the content are impressive, rivalling some top brokers like IG Index.

The educational resources are also commendable. After login, traders get access to MTE media, an educational tool offering trading courses, e-books, investment tips and a trading glossary. The section will be useful for beginners but doesn’t compete with the likes of eToro.

Introduction educational courses at Doo Prime broker

Customer Support

I was fairly happy with the customer support offered by Doo Prime. Customer services are available 24/7 and there are a variety of avenues for help.

The broker offers support via email and live chat, as well as phone numbers and social media channels. Additionally, the website has a FAQ section which we found useful although not as extensive as some competitors.

When we tested the email and live chat options, we got responses promptly (within 5 minutes on the live chat and 24 hours via email) and they were polite and helpful.

However, occasionally our questions had to be passed onto the Account Manager as customer service could not answer more specific questions and they were slow to reply. I think this area could be improved to align with competitors like CMC Markets.

Company Background

Doo Prime is an online stock and forex broker founded in 2014. They now have over 90,000 users in 40 countries who they support through their offices in Dallas, Sydney, Singapore, Hong Kong, Dubai and Kuala Lumpur.

The broker employs over 750 people and has 250+ institutional partners.

It is also reassuring to see that the broker has won multiple awards including the Excellent Customer Service Award in the Global Derivatives Real Trading Competition and the Best Broker in the Financial Technology Honor Awards.

Trading Hours

Trading hours vary depending on the asset you want to trade. For example, securities can be traded from 2:30 pm on Monday until 9:00 pm on Friday, while forex is available from 10:06 pm on Sunday until 9:55 pm on Friday.

Helpfully, the broker’s website has a trading calendar showing events that affect the times of market opening.

Should You Trade With Doo Prime?

Overall, we think Doo Prime covers a good range of trading needs with a variety of assets, low minimum deposits, reliable platforms and some useful tools. The firm is also regulated by multiple trustworthy bodies including the FCA, ASIC and SEC, which is reassuring.

On the negative side, we found that the lack of transparency around fees does make the broker less appealing than some alternatives. Additionally, the educational resources offered are not the best in the market and the customer service could be improved.

Accepted Countries

Doo Prime accepts traders from Australia, Thailand, United States, United Kingdom, South Africa, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Doo Prime from Afghanistan, Azerbaijan, Bosnia And Herzegovina, Burundi, Cameroon, Canada, Central African Republic, Chad, Congo, Congo DR, Cuba, Equatorial Guinea, Eritrea, Ethiopia, Guinea-Bissau, Haiti, Iran, Iraq, Israel, Lebanon, Libya, Malaysia, Mali, Nicaragua, Korea, Singapore, Somalia, Sudan, Sri Lanka, Syria, Tajikistan, Venezuela, Hong Kong, Yemen, Zimbabwe.

Payment Methods

Doo Prime Details

Minimum Trade 0.01 Lots
Account Types
  • STP
  • ECN
Islamic Account No
Mobile Apps iOS & Android
Margin Trading Yes
Volatility Index No
Spot Trading Yes
Perpetual Swaps No
AI / Machine Learning No
Robo Advisor No
P2P Trading No
Negative Balance Protection Yes
VPS Hosting Yes
Tournaments No
Demo Competitions No
Managed Accounts No
Market Maker No
Auto Trading Expert Advisors (EAs) on MetaTrader
Social Trading Yes
Inactivity Fee $0
Guaranteed Stop Loss No
Stock Exchanges
  • DAX GER 40 Index
  • Dow Jones
  • FTSE UK Index
  • Hang Seng
  • Japan Exchange Group
  • Nasdaq
  • S&P 500
  • Gold
  • Natural Gas
  • Oil
  • Silver
  • Soybeans

CFD Trading Details

FTSE Spread From 0.1
GBPUSD Spread From 0.1
Oil Spread From 0.1
Stocks Spread From 0.1
Leverage 1:1000

Forex Trading Details

GBPUSD Spread From 0.1
EURUSD Spread From 0.1
EURGBP Spread From 0.1
Assets 60+

Compare Doo Prime

Compare Doo Prime with similar brokers that accept traders from your location. Among available brokers these are the most similar to Doo Prime:

  1. IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
    Go to IG Group
  2. Just2Trade – Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.
    Go to Just2Trade
  3. Kwakol Markets – Kwakol Markets is a Nigerian headquartered broker with strong regulatory oversight in Australia and Canada. A great selection of asset classes are available, including synthetic products that simulate realistic market activity. Clients can trade on the MT4, MT5 and cTrader platforms, as well as a copy trading solution whereby a fee is only paid on profitable trades.
    Go to Kwakol Markets

Doo Prime Comparison Table

Compare Doo Prime With Similar Brokers
Doo Prime IG Group Just2Trade Kwakol Markets
Rating 3.2 4.4 3.5 4.5
Markets CFDs, Forex, Stocks, Indices, Commodities, Futures, ETFs CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, ADRs, ETFs, Futures, Options, Commodities, Bonds CFDs, Forex, Stocks, Indices, Commodities, Crypto
Demo Account Yes Yes Yes Yes
Minimum Deposit $100 $0 $100 $1
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Bonus Up to $2,000 for professional accounts
Education No Yes No No
Platforms MT4, MT5, TradingView, TradingCentral MT4, AutoChartist, TradingCentral MT4, MT5, TradingCentral MT4, MT5, AutoChartist
Leverage 1:1000 1:30 (Retail), 1:250 (Pro) 1:20 1:1000
Payment Methods 11 6 20 4
Visit Visit Visit Visit Visit
Review Doo Prime
IG Group
Kwakol Markets

Compare Trading Instruments

Compare the markets and instruments offered by Doo Prime and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Doo Prime Trading Instruments
Doo Prime IG Group Just2Trade Kwakol Markets
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No Yes No Yes
Silver Yes Yes Yes Yes
Corn No No No No
Crypto No Yes Yes Yes
Futures Yes Yes Yes No
Options No Yes Yes No
ETFs Yes Yes Yes No
Bonds No Yes Yes No
Warrants No Yes No No
Spreadbetting No Yes No No
Volatility Index No Yes No No

Doo Prime vs Other Brokers

Compare Doo Prime with any other broker by selecting the other broker below.

Doo Prime vs


What Is Doo Prime?

Doo Prime is an online forex and securities broker that offers traders multiple account types and access to a variety of trading tools. The company offers 10,000+ instruments across six asset classes and provides access to the popular MT4 and MT5 platforms.

Is Doo Prime Trustworthy?

Doo Prime is regulated by multiple financial bodies. This includes the US SEC and FINRA, the UK FCA, the Australian ASIC, the Seychelles FSA, the Mauritius FSC, and the Vanuatu FSC.

With that said, the lack of transparency surrounding trading fees is a letdown and brings the trust score down for us.

Is Doo Prime Legit Or A Scam?

Doo Prime is a legitimate broker, established in 2014, with a good reputation and positive user reviews. The brand appears to operate in compliance with the regulations of top-tier financial bodies and has 90,000 client accounts.

With that said, traders should be cautious when signing up with any new broker.

Is Doo Prime A Good Or Bad Broker?

There are several positives to trading with Doo Prime. The company is heavily regulated with multiple accounts, a wide range of assets and an excellent suite of extra tools.

However on the downside, the broker lacks clarity on fees, which will be a concern for some traders.

Does Doo Prime Offer Low Trading Fees?

Doo Prime offers no transaction fees on their CENT and STP accounts and low spreads of 0.1 pips. However, clarity around trading fees is lacking, making it difficult for clients to gauge their trading costs before signing up. We also got average spreads while using Doo Prime, so it doesn’t compete with the cheapest brokers.

Article Sources

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Doo Prime is an online forex and securities broker established in 2014 with over 90,000 global clients. The firm is regulated by multiple bodies including the FCA, ASIC and SEC. Beginners can access a free demo account while experienced traders enjoy unrestricted trading with leverage up to 1:1000. Alongside the MetaTrader platforms, Doo Prime offers a range of tools including Trading Central analysis and copy trading.