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DooPrime vs VT Markets 2023

BrokerNotes.co

Written by BrokerNotes.co

March 14, 2023

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

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Compare

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Overall RatingDooPrimeVT Markets
Overall Rating 7.8 / 10 7.4 / 10
Account TypeDooPrimeVT Markets
Standard Trade Size (100,000 units) Yes Yes
Mini Trade Size (10,000 units) Yes Yes
Micro Trade Size (1,000 units) Yes Yes
Islamic Account No Yes
Copy TradingDooPrimeVT Markets
Social Trading / Copy Trading Yes Yes
DupliTrade No No
ZuluTrade No Yes
CryptocurrencyDooPrimeVT Markets
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) No Yes
Bitcoin No Yes
ethereum No Yes
Forex Trading (Spot or CFDs)DooPrimeVT Markets
Forex Trading (Spot or CFDs) Yes Yes
Mobile Trading - Forex or CFDs Yes Yes
Indices (Index CFDs)DooPrimeVT Markets
DAX Yes Yes
Dow Jones Yes Yes
FTSE Yes Yes
NASDAQ 100 Yes Yes
Nikkei Yes Yes
SP 500 Yes Yes
InvestmentsDooPrimeVT Markets
Forex Trading (Spot or CFDs) Yes Yes
Spread Betting No No
Social Trading / Copy Trading Yes Yes
Metals Yes Yes
Energies Yes Yes
Agriculturals Yes Yes
ETF Yes No
U.S. Stocks (CFD) Yes Yes
Trading PlatformsDooPrimeVT Markets
Apple iOS App Yes Yes
Android App Yes Yes
Proprietary Platform Yes No
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) Yes Yes
Regulatory LicensesDooPrimeVT Markets
Tier-1 Licenses 2 1
Australia (ASIC Authorised) No Yes
Canada (SRO Authorised) No No
United Kingdom (U.K.) (FCA Authorised) Yes No
Hong Kong (SFC Authorised) Yes No
Singapore (MAS Authorised) No No
Switzerland (FINMA Authorised) No No
USA (CFTC Authorized) No No
Tier-2 Licenses 0 1
Tier-3 Licenses 2 0
Research, EducationDooPrimeVT Markets
Trading Central (Recognia) Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Daily Market Commentary Yes Yes
Autochartist No No
Investor Dictionary (Glossary) No Yes
Videos - Beginner Trading Videos Yes Yes
Client Webinars (Archived) No No
Trading CostsDooPrimeVT Markets
Minimum Deposit $100 $200
Average Spread EUR/USD - Standard N/A info 1.2 info
All-in Cost EUR/USD - Active N/A info 0.8 info
Active Trader or VIP Discounts No No
Bank Wire (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
PayPal (Deposit/Withdraw) Yes No
Trading ToolsDooPrimeVT Markets
Watchlists - Total Fields 7 7
Mobile Watchlist Yes Yes
Charting - Indicators / Studies (Total) 30 15
Mobile Charting - Indicators / Studies 30 30
Trust FactorsDooPrimeVT Markets
Year Founded 2014 2016
Publicly Traded (Listed) No No
Bank No No
European Union Authorised (MiFID) No info No info
Trust Score 84 71
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DooPrime vs VT Markets Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare DooPrime vs VT Markets.

Can I trust DooPrime?

DooPrime has a trust score of 84, giving it a "Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are – in most cases – operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a “Do Not Trust” rating.

Can I trust VT Markets?

VT Markets has a trust score of 71, giving it a "Average Risk" trust label.

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 own In Trade platform. DooPrime is regulated in the U.K, Vanuatu, and Mauritius, and provides nearly 10,000 trading symbols. That said, we were unable to obtain any average spread data for DooPrime when evaulating trading costs.

Is VT Markets a good broker?

VT Markets, backed by the Vantage Group, offers its own proprietary mobile app as well as the MetaTrader platform, along with support for third-party tools and social copy-trading. Though the broker continues to evolve, there are fewer markets to trade than what is available at the best brokers, and its research and educational materials are limited.

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. DooPrime is Hong Kong (SFC Authorised) and United Kingdom (U.K.) (FCA Authorised), while VT Markets is Australia (ASIC Authorised).. Neither have Canada (SRO 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, unfortunately, neither DooPrime nor VT Markets are China (CBRC Authorised), Cyprus (CySEC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), South Africa (FSCA Authorised), Thailand (SEC Authorised) and UAE (DFSA/Central Bank Authorised).. Neither have UAE (DFSA/Central Bank Authorised). When comparing tier-3 licenses DooPrime is Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised), while VT Markets is none.. 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?

For trading platforms DooPrime supports a Proprietary Platform and Desktop Platform (Windows), whereas VT Markets supports a Desktop Platform (Windows) and ZuluTrade.. Neither have cTrader and DupliTrade

Does DooPrime offer MetaTrader? Does VT Markets offer MetaTrader?

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

DooPrime requires a minimum deposit of $100, while VT Markets requires a minimum deposit of $200. From our testing we found DooPrime offers spreads of N/A, while VT Markets offers spreads of 1.2. DooPrime supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for popular funding options, where VT Markets supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw).

Which brokers offers more tradeable asset classes, DooPrime or VT Markets?

DooPrime offers a more diverse selection of investment options than VT Markets allowing you to trade Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD).. Neither have Spread Betting Looking at total tradeable symbols, DooPrime has 10000, compared to 168 from VT Markets.

Can I trade cryptocurrency with DooPrime or VT Markets?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative — including spot forex contracts. In terms of trading physical cryptocurrency neither DooPrime nor VT Markets allow you to trade physical cryptocurrencies.

Who offers more research tools, DooPrime or VT Markets?

Both DooPrime and VT Markets offer a complete suite of research, providing traders with these tools: 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.

DooPrime Review

VT Markets 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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