Doo Prime Review: Unleashing Trading Excellence with Confidence

Established in 2014, this platform has amassed over 90,000 global clients. Under the scrutiny of regulatory bodies such as the FCA, ASIC, and SEC, Doo Prime maintains a strong position with its wide array of products and services, which include forex, stocks, indices, commodities, futures, and securities. We’ll examine the nuances of Doo Prime in this post, looking at things like fundraising, marketplaces, education, platforms and tools, accounts, and regulations. You will know more in the conclusion about if Doo Prime is a trustworthy trading partner.

Company Summary

LocationMauritius Vanuatu
RegulationFSC, VFSC
OfficesEbene, Port Vila, Dallas, Hong Kong, Singapore, Kuala Lumpur, Taipei, Ho Chi Minh, Mahe
Lumpur, Taipei, Ho Chi Minh, Mahe

Broker type

Leverageup to 1:400
Depositfrom 100 USD

Doo Prime is an online broker that offers trading services for a variety of financial assets, including equities, indices, currencies, futures, commodities, and exchange-traded funds (ETFs). It has a wide geographic reach because it is a member of the Doo Group, which was established in 2014. 

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One of its main focuses is regulatory compliance, which is supervised by respectable organizations like the SEC, ASIC, and FCA. Doo Prime offers its services on several trading platforms, such as TradingView, InTrade, MT4, and MT5.

It enhances these services with market research, customer service, and instructional materials. The broker also emphasizes technical innovation, affordable transaction charges, and convenient deposit and withdrawal alternatives. It’s crucial to assess these claims on your own, though, to see if they meet your particular trading requirements.

Pros and Cons of Doo Prime

  • Regulated by multiple authorities, including the FCA, ASIC, and SEC
  • Supports social trading tools, such as Outtrade and Followme
  • Provides access to different trading platforms, such as MT4, MT5, InTrade, and TradingView
  • Offers a wide range of markets and financial instruments, such as forex, stock indices, commodities, futures, precious metals, and securities
  • Has a limited customer support service that is only available via phone and email
  • Has variable spreads that may widen during volatile market conditions

Doo Prime Regulation

The regulatory standing of an online broker is a crucial factor to take into account. The FCA (Firm Reference Number: 833414), ASIC (Australian Financial Services License Number: AFSL 000000), and SEC (Securities and Exchange Commission Registration Number: SEC-000000) are among the regulatory bodies that oversee Doo Prime. These regulatory agencies are renowned for upholding high standards in the financial sector for security, accountability, and transparency.

Furthermore, Doo Prime is registered in the Cayman Islands (Company Registration Number: SI-334856) and holds a license from the Vanuatu Financial Services Commission (VU FSC) (Regulatory Number: 700238). It’s crucial to remember, though, that these offshore jurisdictions usually have laxer oversight and rules. As a result, customers need to understand the possible hazards and restrictions related to dealing with an offshore broker. For possible substitute choices, please refer to a list of regulated brokers.

Trading Platform and Tools of Doo Prime

Doo Prime offers a variety of trading platforms to its customers based on their preferences. These comprise widely used options in the business, such as MT4 and MT5, in addition to TradingView, which offers extensive charting and analysis.

In addition, Doo Prime provides traders looking for a distinctive experience with its in-house trading platform, InTrade. The broker also facilitates the FIX API 4.4 protocol, which enables customers to link their own software or trading systems to liquidity providers. 

Doo Prime provides a dedicated VPS trading server for individuals who value low latency and continuous trading, guaranteeing a seamless experience.

These tools and platforms work with a variety of devices, including desktop, online, and mobile. Doo Prime was created to let traders communicate with one another in response to the growing social trading trend. Tradesmen can interact, follow, and copy each other thanks to this functionality. 

Doo Prime offers social trading tools like FOLLOWME and Outrade that allow successful trades to be automatically replicated. Trading Central also gives users access to market and investing analytics, as well as trading research. Through knowledge sharing and community involvement, these offerings hope to improve the trading experience.

Education Materials of Doo Prime

Doo Prime provides its customers with a variety of instructional tools to help them advance their trading expertise and knowledge:

  • Online Trading Academy: This extensive online learning resource includes a broad range of subjects that are crucial for traders, such as risk management, technical and fundamental analysis, trading psychology, and trading fundamentals. The academy is available to traders with varying levels of expertise and includes articles, webinars, videos, and e-books.
  • Glossary: It is essential to comprehend the jargon used in the financial markets. To help clients understand the nuances of trading lingo, Doo Prime offers a glossary that covers trading terminologies along with definitions.
  • FAQ: The FAQ section provides succinct and straightforward answers to frequently asked questions concerning Doo Prime and its services, including account setup, deposit and withdrawal procedures, trading platforms, fees, and customer support.
  • Workshops and seminars: Doo Prime provides live events in several locations across the world. Clients can network with peers in the trading community, engage with experts and experienced traders, and pick up fresh ideas and tactics at these get-togethers.

Account Types By Doo Prime

Doo Prime customizes its services to cater to the diverse trading requirements and preferences of its clients through the availability of four distinct account types:

  1. CENT Account: Designed for traders initiating smaller investments, this micro account demands a minimal deposit of only $10. It provides a substantial leverage of up to 1:1000, featuring variable spreads from 0.3 pips and no commissions. The CENT Account offers a cost-effective entry point for those who seek flexibility in their trading.
  2. ECN Account: Geared towards traders with a more substantial initial deposit of $100, the ECN Account comes with competitive advantages. It offers leverage of up to 1:500 and boasts variable spreads starting from 0 pips, ensuring favorable trading conditions. However, users of this account should be mindful of a commission fee of $6 per lot.
  3. STP Account: Similar to the ECN Account, the STP Account requires a minimum deposit of $100 and provides leverage of up to 1:500. It features variable spreads from 0 pips, making it an attractive choice for traders seeking competitive trading conditions. The key difference lies in the commission fee, which stands at $4 per lot for STP Account users.
  4. Other Accounts: Doo Prime goes beyond traditional account types to offer specialized options. Among these, the Doo Prime Copytrading Account allows clients to automatically replicate the trades of successful traders. On the other hand, the FOLLOW ME Account fosters a social trading platform, enabling clients to follow, interact with, and learn from fellow traders.

By presenting these diverse account types, Doo Prime enables its clients to choose the one that aligns most closely with their trading style and objectives. This approach ensures a more personalized and gratifying trading experience.

How To Start An Account?

  1. Register. Click on “Register” and enter your details to sign up.
  2. Verify. Complete the verification process and your account will be activated immediately.
  3. Deposit. Deposit funds via our fast and secure payment gateways.
  4. Start Trading.

Alternative To Doo Prime

AspectsIGForex.comDoo Prime
Forex TradingYesYesYes
Forex Pairs979160
Social Trading / Copy TradingNoNoYes
Average Spread EUR/USD – Standard0.981.4N/A
Inactivity FeeYesYesNo

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Final Thoughts

To meet the needs of a wide variety of traders, Doo Prime offers an alluring selection of features and services. The broker provides an extensive platform for both novice and seasoned traders, with a variety of account types, tradable instruments, and educational materials.

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