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ThinkMarkets vs DooPrime 2024

BrokerNotes.co

Written by BrokerNotes.co

August 24, 2023

Trying to decide between ThinkMarkets and DooPrime? 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, ThinkMarkets ranks more highly than DooPrime.

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Compare

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Overall Rating ThinkMarkets DooPrime
Overall Rating star 7.8 /10 star 7.8 /10
Offering of Investments star 8.5 /10 star 9.5 /10
Commissions & Fees star 7.0 /10 star 6.0 /10
Platform & Tools star 8.0 /10 star 8.0 /10
Research star 6.5 /10 star 7.5 /10
Mobile Trading star 8.0 /10 star 7.5 /10
Education star 6.5 /10 star 7.5 /10
Account Type ThinkMarkets DooPrime
Standard Trade Size (100,000 units) info Yes Yes
Mini Trade Size (10,000 units) info Yes Yes
Micro Trade Size (1,000 units) info Yes Yes
Islamic Account info Yes No
Deposit/Withdrawal Options ThinkMarkets DooPrime
Minimum Deposit info $0 info $100
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info No Yes
ACH or SEPA Transfers info No No
Copy Trading ThinkMarkets DooPrime
Social Trading / Copy Trading info Yes info Yes
DupliTrade info No No
ZuluTrade info No No
Cryptocurrency ThinkMarkets DooPrime
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes info No
Bitcoin info Yes No
Ethereum info Yes No
Forex Trading (Spot or CFDs) ThinkMarkets DooPrime
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) ThinkMarkets DooPrime
DAX info Yes Yes
Dow Jones info Yes Yes
FTSE info Yes Yes
NASDAQ 100 info Yes Yes
Nikkei info Yes Yes
SP 500 info Yes Yes
Investments ThinkMarkets DooPrime
Forex Trading (Spot or CFDs) info Yes Yes
Spread Betting info Yes info No
Social Trading / Copy Trading info Yes info Yes
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info No Yes
ETF info No Yes
U.S. Stocks (CFD) info Yes Yes
Trading Platforms ThinkMarkets DooPrime
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
Regulatory Licenses ThinkMarkets DooPrime
Tier-1 Licenses info 5 4
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No Yes
Japan (SFC Authorised) info Yes No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info Yes No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses info 2 0
Tier-3 Licenses info 0 0
Research, Education ThinkMarkets DooPrime
Trading Central (Recognia) info No Yes
Forex News (Top-Tier Sources) info Yes Yes
Daily Market Commentary info Yes Yes
Autochartist info No No
Investor Dictionary (Glossary) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Client Webinars (Archived) info Yes No
Trading Costs ThinkMarkets DooPrime
Minimum Deposit info $0 info $100
Average Spread EUR/USD - Standard info 1.1 info N/A info
All-in Cost EUR/USD - Active info N/A info N/A info
Active Trader or VIP Discounts info Yes No
Trading Tools ThinkMarkets DooPrime
Watchlists - Total Fields info 15 7
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 30 30
Mobile Charting - Indicators / Studies info 94 30
Trust Factors ThinkMarkets DooPrime
Year Founded info 2010 2014
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Trust Score info 92 83
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ThinkMarkets vs DooPrime Comparison

Comparing forex brokers side by side is no easy task. Our research team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Trying to decide between ThinkMarkets and DooPrime? Our independent database powered by our unbiased research will help you compare ThinkMarkets vs DooPrime side-by-side.

What is Trust Score?

Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.

Can I trust ThinkMarkets?

ThinkMarkets has a Trust Score of 92, giving it a "Highly Trusted" Trust Score Label.

Can I trust DooPrime?

DooPrime has a Trust Score of 83, giving it a "Trusted" Trust Score Label.

Is ThinkMarkets a good broker?

Founded in 2010, ThinkMarkets is a trusted broker that holds multiple Tier-1 regulatory licenses, boosting its overall Trust Score rating. ThinkMarkets offers the full MetaTrader platform suite (both MT4 and MT5) as well as its proprietary ThinkTrader platform. Traders at ThinkMarkets also gain access to trading signals via its Signals Centre and social copy trading (in certain jurisdictions). ThinkMarkets has a growing number of available markets, research materials, and educational content, yet still has room to improve in these important categories.

Is DooPrime a good broker?

DooPrime is primarily a MetaTrader broker that offers both MT4 and MT5, along with several copy trading platforms and its proprietary In Trade platform. Founded in 2015, DooPrime is a relatively new forex broker regulated in multiple Tier-1 jurisdictions, like Hong Kong and the U.K., boosting the broker's overall Trust Score. DooPrime also provides nearly 10,000 tradeable symbols, but we were unable to obtain average spread data when evaluating the broker's trading costs.

What Tier-1 jurisdictions is each broker regulated in?

Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. ThinkMarkets holds regulatory licenses in the following Tier-1 jurisdictions: Australia (ASIC Authorised), Japan (SFC Authorised), New Zealand (FMA Authorised) and United Kingdom (U.K.) (FCA Authorised). DooPrime, on the other hand, is licensed in these Tier-1 regulatory jurisdictions: Hong Kong (SFC Authorised) and United Kingdom (U.K.) (FCA Authorised). Neither have Canada (CIRO Authorised), CBI Authorised (Ireland), Singapore (MAS Authorised), Switzerland (FINMA Authorised) and USA (CFTC Authorized)

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

Which broker offers more trading platforms?

Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that both ThinkMarkets and DooPrime offer a Proprietary Platform and Desktop Platform (Windows). Neither have cTrader, DupliTrade and ZuluTrade

Does ThinkMarkets offer MetaTrader? Does DooPrime offer MetaTrader?

Both ThinkMarkets and DooPrime 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 ThinkMarkets and DooPrime differ in terms of minimum deposit? What about average spreads and funding options?

ThinkMarkets requires a minimum deposit of $0, while DooPrime requires a minimum deposit of $100. It's also important to ensure your broker accepts the funding options and deposit methods that work best for you. In our research, we've found that ThinkMarkets supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw) for funding and deposit methods, whereas DooPrime supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw)

Which broker offers more tradeable asset classes, ThinkMarkets or DooPrime?

When choosing a forex broker, it’s important to consider each broker’s available investment products and tradeable asset classes. We’ve researched each broker’s individual offering of investments to help you pick the right broker for what you want to trade. During our testing, we found that ThinkMarkets delivers a more diverse selection of investment options than DooPrime, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Spread Betting, Social Trading / Copy Trading, Metals, Energies and U.S. Stocks (CFD).

We also keep track of each broker’s total number of tradeable symbols; ThinkMarkets offers 4000, and DooPrime offers a total of 10000 tradeable symbols.

Can I trade cryptocurrency with ThinkMarkets or DooPrime?

Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that neither ThinkMarkets nor DooPrime allow you to trade physical cryptocurrencies.

Who offers more research tools, ThinkMarkets or DooPrime?

Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. ThinkMarkets delivers the following research tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. DooPrime, on the other hand, provides the tools listed here: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading. Neither have Autochartist

Broker Reviews

Still looking for more information, read our broker reviews.

ThinkMarkets Review

DooPrime Review

Overall winner: DooPrime

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announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.


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