Doo Prime enables leverage of up to 1:1000 on 3 account types [Cent, STP, ECN]. Except "Cent" with no initial funding required, other accounts require a minimum deposit of $100 and allow a maximum lot size of 100. Also, demo is only available on STP and ECN account types.
Doo Prime Company Information and Regulation
Doo Prime was established on December 1, 2014 and is headquartered in Hong Kong. The company operates under the legal name Doo Prime Limited with over 400,000 active clients, 37,000 introducing brokers, and 1,000 group employees. Regulating Authorities:
- Vanuatu Financial Services Commission (VFSC)
- Financial Services Commission of Mauritius (FSC)
- Financial Services Authority of Seychelles (FSA)
Doo Prime Broker Specifics and Features
To give you a quick overview of what this Forex broker offers, here’s a summary of details:
Broker | Doo Prime |
Account Types | Cent, STP, ECN |
Regulating Authority | VFSC, FSC, FSA |
Based Currencies | USD |
Minimum Deposit | None |
Deposit Methods | Local bank Transfers, E-wallets, International Wire Transfers, Credit/Debit Card |
Withdrawal Methods | Local bank Transfers, E-wallets, International Wire Transfers, Credit/Debit Card |
Minimum Order | 0.01 |
Maximum Leverage | 1:1000 |
Investment Options | FOLLOWME, PAMM, MAM, CopyTrading |
Trading Platforms & Apps | MetaTrader 4, MetaTrader 5, Doo Prime InTrade |
Markets | Forex, Crypto, Metals, Commodities, Stock Indices, Futures, Securities |
Spread | From 0.0 Pips |
Commission | On ECN Account |
Orders Execution | Market |
Margin Call / Stop Out | N/A / 30% |
Trading Features | VPS, Trading Central, Economic Calendar |
Affiliate Program | Yes |
Bonus & Promotions | Deposit Bonus, Margin Bonus, Trading Competition, Swap-Free Campaign |
Islamic Account | Yes |
PAMM Account | Yes |
Customer Support Ways | Live Chat, Ticket, Phone, Email |
Customer Support Hours | 24/7 |
Account Type Details and Comparison
Doo Prime enables access to 3 various account types. The table below compares them side-by-side:
Account Type | CENT | STP | ECN |
Currency | US Cent | USD | |
Instruments | Forex, Metals, Commodities | Forex, Metals, Commodities, Futures, Securities, Indices | |
Min. Deposit | Zero | $100 | |
Order Execution | Market | ||
Min. Order Size | 0.01 | ||
Max. Lot Size | 1000 | 100 | |
Max. Opened Positions | 1500 Orders | ||
Stop Out Level | 30% | ||
Stop-Limit Order | 50 Points | Unlimited | |
Demo | No | Yes | |
Note that all account types allow the use of Expert advisors (EAs) and hedging positions.
Doo Prime Account Opening and Identity Verification
Opening an account with the mentioned brokerage is done in easy steps that are explained below:
- Visit the official Doo Prime website and click "Login" in the top right corner;
- Click on "Register Now";
- Fill in your name, contact details, country of residence, and nationality and create a password for your client account;
- Accept the policies, agreements, and conditions by checking the box below the form;
- You'll receive a 4-digit verification code via email. Enter this code to activate your account, or click on the link received in your inbox.
Now, your account is created on the broker's website. To use all features and services, verify it by providing required documents and details.
Trading Terminals and Platforms
Doo Prime provides access to 3 trading platforms; one of them is a proprietary software [Doo Prime InTrade] and others are two of the most popular platforms in the industry [MT4/MT5].
These terminals have essential trading features and necessary analysis tools, and are accessible on Android, iOS, Windows, macOS, and web. Download Links:
- MetaTrader 4 on Android
- MetaTrader 4 on iOS
- MetaTrader 5 on Android
- MetaTrader 5 on iOS
- DooPrime InTrade on Android
- DooPrime InTrade on iOS
Trading Fees, Spreads, and Other Commissions
Doo Prime prides itself on offering orders execution "at the lowest costs via No Dealing Desk (NDD) mode". This table discusses trading-related costs based on the broker's accounts:
Account Type | CENT | STP | ECN |
Spreads | From 1 Pip | From 0.0 Pips | |
Transaction Fees | No | Yes (No Exact Amount Provided) | |
Based on what we found, there are no other commissions and costs related to this brokerage.
Deposits and Withdrawals in Doo Prime
The broker offers a variety of 10+ funding options for depositing/withdrawing:
- Local Bank Transfers: Bank account transactions
- E-wallets: Epay, FasaPay, and HWGC
- International Wire Transfers: Between different banks
- Credit/Debit Cards: VISA, MasterCard, Apple Pay, Google Pay, and more
The minimum recommended deposit is $100, with currency conversions based on the USD exchange rate.
Copy Trading and Investment Features
Doo Prime provides 4 social trading features with a core function of earning profits based on professional traders' signals:
- PAMM
- MAM
- FOLLOWME
- CopyTrading
All these options enable users to earn incomes in an automatic and passive way without any efforts.
Bonuses and Promotions
Doo Prime offers several promotions in various forms and conditions:
- 25% deposit bonus (up to $2,000)
- 50% margin bonus (up to $5,000)
- Monthly Trading Competition
- Swap-free campaign for trading without overnight fees
Support Channels and Open Hours
Doo Prime provides an acceptable customer support system that offers its services in 4 channels:
- Email: en.support@dooprime.com
- Ticket: Option on the website
- Phone: +61 2 91291588 (Chinese), +84 28 4458 2674 (Vietnamese), +66 020260620 (Thai), +82 0234837246 (Korean)
- Live Chat: Available on the site
The broker claims that the support team agents are available on a 24/7 basis.
Trust Scores & Reviews
Doo Prime's Trustpilot shows many positive reviews from users. Details and Other Scores:
- Trustpilot: 3.9/5 with 460+ reviews
- ScamAdviser: 100/100 Trustscore, but 1.1/5 user ratings (20+ votes)
- ForexPeaceArmy: 1.5 out of 5 based on 10+ reviews
User scores on 2 other sources are not enough in numbers to be considered reliable.
Conclusion and Final Words
Doo Prime enables the trading of 10,000 financial products in 7 markets [Forex, crypto, metals, commodities, stock indices, futures, securities].
This broker has received an average user score of 3.9/5 based on more than 460 reviews on the Trustpilot website.