Take a look at Doo Prime alternatives for 2024
What is Doo Prime?
About Doo Prime
Doo Prime is an award-winning CFD broker since its establishment in 2017, with global offices in financial hubs like the USA, Australia, Dubai, Singapore, Hong Kong, and Kuala Lumpur.
Doo Prime exemplifies growth anchored in excellence. Catering to an impressive community of over 200,000 active clients worldwide, with customer support available in 10 languages including English and Arabic.
They are a multi-regulated broker by renowned regulatory authorities including FINRA, FCA, ASIC, Seychelles FSA, Mauritius FSC, and Vanuatu FSC. This rigorous compliance framework underscores its commitment to providing a safe and transparent trading environment. Clients have at their disposal a wide range of over 10,000 CFD instruments to trade, including forex, stocks, indices, futures and commodities.
Doo Prime offers leverage up to a remarkable 1:1000, paired with low spreads starting from just 0.1 pips, delivering a competitive edge for both novice and advanced traders. They provide the popular Metatrader platforms — both MT4 and MT5 — to fortify the trading experience alongside innovative social trading prospects and analytical prowess via tools like Trading Central.
Since the 2023 they are a global official partner of the legendary Premier League team Manchester United, and also they made a partnership with the Adelaide United Football Club in 2022.
| Founded | 2017 |
| Regulated by | Vanuatu FSC, Mauritius FSC, Seychelles FSA, FINRA (US), FCA (UK), ASIC (Australia) |
| Minimum Deposit | $0 |
| Trading platforms | InTrade, Mobile App, MetaTrader 4, MetaTrader 5, TradingView, FIX API 4.4 |
| Available markets | Indices, metals, stocks, forex, commodities, futures |
| Demo account | yes |
| Islamic account | Yes, upon request |
| Spreads starting from | 0.0 Spread (ECN Account) |
| Maximum leverage | 1:1000 |
| Deposit Options | Bank Transfer, VISA, Mastercard, Google Pay, Apple Pay, OTCCPP, ePay, Fasapay |
Platforms and Tools
Doo Prime offers the well-known Metatrader 4 (MT4) and Metatrader 5 (MT5) platforms. MT4 is recommended for beginners due to its simplicity, while MT5 suits experienced traders for advanced tools.
Both platforms offer customizable layouts, Expert Advisors (EAs), charting features, and technical analysis tools.
They are available on desktop and iOS and Android apps.
Doo Prime also provides Trading View and FIX API 4.4 plaforms catering to experienced technical traders.
Trading Tools
Mostly of brokers are adding social trading tools to their platforms. Doo Prime connects traders through interactive features. Traders can follow, copy, and engage with each other using Doo Prime's social trading tools like Outrade and FOLLOWME. These tools enable the automatic duplication of successful trades and offer market analysis, investment insights, and trading analysis via Trading Central. The aim is to enrich the trading experience by promoting knowledge sharing and community involvement.
Range of Markets
You can choose among over 10,000 CFD instruments to trade, including:
- Currencies:: 50+ forex pairs. Including the EUR/USD, USD/JPY, and EUR/GBP.
- Stock indices: Trade over 10 stock indices such as SPX 500 or DAX 30.
- Futures: Choose among futures CFDs such as COMEX Gold Futures or ICE Brent Crude Futures.
- Securities : Trade on more than 300 of the most famous American and Hong Kong stocks (Apple, Alibaba, Alphabet, …)
- Commodities: CFD commodities including crude oil and gas.
- Metals: Gold and silver.
Types of accounts
Doo Prime offers three types of live accounts: CENT, STP, and ECN.
The CENT and STF accounts are suitable for beginners, with spreads from 1.0 pips and a minimum account requirement of $0 only. The ECN account is more appropriate for experienced traders, with spreads starting from 0 pips.
Regardless of the account chosen, the minimum lot size is 0.01, and the maximum opening position is 1500 orders.
- CENT: There is no minimum deposit. Spreads starting from 1 pip. Forex trading. Metals and commodities.
- STP: The minimum deposit is 100$. Spreads starting from 1 pip. Trade stocks, futures, forex, metals, commodities, and indices.
- ECN: Minimum deposit 5000$. Spreads starting from 0.0 pips. Trade stocks, futures, forex, metals, commodities, and indices.
Demo account
Free demo mode is available for STP and ECN accounts Unfortunately, they will not provide a free demo account if you choose a CENT account.
Islamic account
Swap-free account available upon request.
How to start trading with Doo Prime?
Registering with Doo Prime was a very simple process - just a few minutes.
Simply provide your basic details like first name, last name, country of residence, phone number, email address, and password. Activating your account is easy with the registration link sent to your email.
Once in the client dashboard, you're in control. Customize your account settings – choose the account type, base currency, and leverage options, and select the trading platform that suits you best
Fees and Commissions
| Spreads | Starting from 0.0 pips. |
| Inactivity fees | Not |
| Monthly maintenance fee | Not |
| Withdrawal fees | Not |
Customer Service
Dedicated to providing top-notch service, Doo Prime goes above and beyond for its clients. With a website accessible in 10 languages and a global presence, they serve a diverse international clientele. Their team members are multilingual, fluent in languages such as English and Arabic, ensuring seamless communication via live chat and email support
Leverage
They can offer leverage of up to 1:1000 if you are under the regulatory entities of Seychelles, Mauritius, or Vanuatu. If you are based in the UK, EU or Australia, the maximum leverage will be 1:30.
Education
They provide an impressive education section where you can find introductory and in-depth courses, investment course videos and e-books, analysis, and investment terms (glossary).
Promotions
They are running the “Swap-Free campaign, where you can trade CFDs in metals, stock indices, U.S. stocks, and currencies without paying overnight interest. .
Deposit Options
They have a wide range of funding methods in 22 currencies including local bank transfers, electronic wallets (OTCCPP, Epay, and Fasapay) , credit cards (VISA, Mastercard, Google Pay, and Apple Pay), and international bank transfers.
A good point is that they don’t have deposit and withdrawal fees.
Regulations
تتألق مجموعةDoo Prime تحت الأعين الساهرة للهيئات التنظيمية رفيعة المستوى مثل SEC، وFINRA، وFCA، وASIC، إلى جانب تراخيص من Seychelles FSA، وMauritius FSC، وVanuatu FSC.
Doo Prime Broker Review: Conclusion
في الختام، نعتقد أن هذا الوسيط الحائز على جوائز يوفر خدمة التداول التي تلبي احتياجات المتداولين المبتدئين والمتقدمين. أنها توفر مجموعة رائعة من أدوات التداول، والعديد من خيارات الإيداع، والإشراف على هيئات تنظيمية متعددة من المستوى 1. فروق الأسعار المنخفضة وغياب أجرة عدم التداول هي أيضًا نقاط جيدة بالنسبة لنا. في حين أن الافتقار إلى خيارات البيتكوين والعملات المشفرة قد يردع بعض عشاق التشفير، فإن الاقتراح العام لـDoo Prime جيد. مع منصات مثلMetaTrader تضيف إلى جاذبيتها، نجد ان Doo Prime هي خيار موصى به للمتداولين الذين يرغبون في الحصول على تجربة وساطة متوازنة ومهنية
FAQ:
What is the maximum leverage Doo Prime offers?
The maximum leverage is 1:1000 if you are under the regulation of the Seychelles, Mauritius or Vanuatu entity.
Does Doo Prime offer a free demo account?
Yes, you can practice with a demo account if you apply for an STP or ECN account
What is the minimum deposit at Doo Prime?
There is no minimum deposit if you open a CENT account.
Is Doo Prime a safe broker?
Yes, they are a legit broker regulated by multiple tier-1 regulatory bodies. They have a good reputation among over 100,000 clients around the World.
Doo Prime Details
