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Tickmill vs DooPrime 2024

BrokerNotes.co

Written by BrokerNotes.co

August 24, 2023

Trying to decide between Tickmill 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, Tickmill ranks more highly than DooPrime.

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Compare

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Overall Rating Tickmill DooPrime
Overall Rating star 8.1 /10 star 7.8 /10
Offering of Investments star 7.0 /10 star 9.5 /10
Commissions & Fees star 10 /10 star 6.0 /10
Platform & Tools star 8.0 /10 star 8.0 /10
Research star 8.0 /10 star 7.5 /10
Mobile Trading star 7.5 /10 star 7.5 /10
Education star 7.5 /10 star 7.5 /10
Account Type Tickmill 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 Tickmill DooPrime
Minimum Deposit info $100 $100
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No No
Copy Trading Tickmill DooPrime
Social Trading / Copy Trading info Yes Yes
DupliTrade info No No
ZuluTrade info No No
Cryptocurrency Tickmill DooPrime
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes No
Bitcoin info Yes No
Ethereum info Yes No
Forex Trading (Spot or CFDs) Tickmill DooPrime
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) Tickmill 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 Tickmill DooPrime
Forex Trading (Spot or CFDs) info Yes Yes
Spread Betting info No No
Social Trading / Copy Trading info Yes Yes
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info Yes Yes
ETF info No Yes
U.S. Stocks (CFD) info Yes Yes
Trading Platforms Tickmill DooPrime
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info No 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 Tickmill DooPrime
Tier-1 Licenses info 2 4
Australia (ASIC Authorised) info No No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No Yes
Japan (SFC Authorised) info No 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 No 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 Tickmill DooPrime
Trading Central (Recognia) info No Yes
Forex News (Top-Tier Sources) info Yes Yes
Daily Market Commentary info Yes Yes
Autochartist info Yes No
Investor Dictionary (Glossary) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Client Webinars (Archived) info Yes No
Trading Costs Tickmill DooPrime
Minimum Deposit info $100 $100
Average Spread EUR/USD - Standard info 0.51 info N/A info
All-in Cost EUR/USD - Active info 0.31 info N/A info
Active Trader or VIP Discounts info No No
Trading Tools Tickmill DooPrime
Watchlists - Total Fields info 7 7
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 30 30
Mobile Charting - Indicators / Studies info 30 30
Trust Factors Tickmill DooPrime
Year Founded info 2014 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 86 83
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Tickmill 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 Tickmill and DooPrime? Our independent database powered by our unbiased research will help you compare Tickmill 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 Tickmill?

Tickmill has a Trust Score of 86, giving it a "Trusted" Trust Score Label.

Can I trust DooPrime?

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

Is Tickmill a good broker?

Tickmill is an excellent multi-asset broker that offers truly low-cost forex trading; the broker's Pro and VIP accounts are among the least expensive in the industry. Tickmill provides both MetaTrader 4 and MetaTrader 5, as well as third-party services like TradingView and Signal Centre, powered by Acuity Trading. Tickmill's overall offering continues to grow, but it offers fewer CFDs than the best multi-asset forex brokers.

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. Tickmill holds regulatory licenses in the following Tier-1 jurisdictions: 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 Australia (ASIC Authorised), Canada (CIRO Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA 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, Tickmill is Cyprus (CySEC Authorised), South Africa (FSCA Authorised) and UAE (DFSA/Central Bank Authorised), while DooPrime is none.. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised) and Thailand (SEC Authorised). When comparing tier-3 licenses Tickmill is none, while DooPrime is Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).. Neither have Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised) and Cayman Islands (CIMA 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 Tickmill offers a Desktop Platform (Windows), whereas DooPrime supports a Proprietary Platform and Desktop Platform (Windows). Neither have cTrader, DupliTrade and ZuluTrade

Does Tickmill offer MetaTrader? Does DooPrime offer MetaTrader?

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

Tickmill requires a minimum deposit of $100, while DooPrime requires a minimum deposit of $100. You'll also want to make sure that your broker accepts the funding options and deposit methods that work best for you. In our testing, we've found that both Tickmill and DooPrime offer Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for deposits

Which broker offers more tradeable asset classes, Tickmill 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 Tickmill delivers a more diverse selection of investment options than DooPrime, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, Agriculturals and U.S. Stocks (CFD). Neither have Spread Betting.

We also keep track of each broker’s total number of tradeable symbols; Tickmill offers 725, and DooPrime offers a total of 10000 tradeable symbols.

Can I trade cryptocurrency with Tickmill 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 Tickmill nor DooPrime allow you to trade physical cryptocurrencies.

Who offers more research tools, Tickmill 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. Tickmill delivers the following research tools: Autochartist, 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

Broker Reviews

Still looking for more information, read our broker reviews.

Tickmill Review

DooPrime Review

Overall winner: Tickmill

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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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