eToro	Basic Information
Founded in	2007
Headquarters	United Kingdom
Regulations	CySEC, FCA, ASIC
Tradable Assets	Stocks, Cryptocurrencies, Currencies, Commodities, ETFs
Minimum Deposit	$10
Trading Fees	Commission-free trading, Spreads from 0.75 pips on EUR/USD
Non-Trading Fees	Withdrawal fee of $5, Inactivity fee of $10/month after 12 months of inactivity
Leverage	Up to 1:30 for retail clients, up to 1:400 for professional clients
Trading Platforms	eToro proprietary platform, MetaTrader 4
Mobile Trading	Yes, available on iOS and Android
Customer Support	24/5 live chat, email support
Educational Resources	Social trading, educational videos, blog articles, eToro Academy
Demo Account	Yes, unlimited time
Other Features	CopyTrader, Popular Investor Program, eToro Wallet

Overview of eToro

eToro is a multi-asset social trading platform that has gained widespread popularity among investors, traders, and social media enthusiasts since its inception in 2007. It offers users access to a wide range of financial instruments, including stocks, cryptocurrencies, forex, indices, and commodities, among others. The platform provides a user-friendly interface that caters to both novice and experienced traders alike, making it one of the most popular trading platforms on the market.

One of eToro's standout features is its social trading capabilities, which allow users to copy the trades of successful traders and build their investment portfolios. The platform has a large community of traders who share insights, strategies, and knowledge, making it an excellent learning resource for traders looking to improve their skills.

Is eToro legit or a scam？

eToro is a legitimate and regulated online brokerage firm that has been operating since 2007. It is licensed and regulated by several reputable financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC). The company is also a member of the Investor Compensation Fund, which provides additional protection for traders' funds. However, as with any investment platform, there are risks involved in trading, and traders should always be aware of the potential risks and take steps to protect their investments.

Pros & Cons

eToro's user-friendly interface, range of trading assets, and social trading features have made it popular among both beginner and experienced traders. However, as with any trading platform, eToro has its pros and cons, which potential users should consider before signing up. In this section, we will discuss the advantages and disadvantages of using eToro as a trading platform.

Pros	Cons
User-friendly and easy-to-use platform	Higher spreads compared to some other brokers
Regulated by reputable financial authorities	Limited range of tradable assets
Copy trading and social trading features	Limited research and analysis tools
Wide range of payment methods	Inactivity fee charged after 12 months of inactivity
Commission-free trading on stocks and ETFs	Withdrawal fee of $5
Demo account available for practice	Limited customer support options

Market Instruments

eToro offers a wide range of financial instruments for traders to choose from, covering various markets globally. Traders can access more than 2,400 assets, including popular currencies, commodities, indices, and stocks from exchanges around the world. Furthermore, eToro enables traders to trade cryptocurrency, such as Bitcoin and Ethereum, which has become a popular asset class in recent years due to its high volatility and potential for substantial profits. With this wide range of instruments available, traders can diversify their portfolios and explore various markets to find the best investment opportunities.

Pros	Cons
Wide variety of assets including stocks, cryptocurrencies, commodities, forex, and more	Limited selection of options and futures contracts
Commission-free trading on most instruments	Limited research tools for fundamental analysis
Availability of social trading, allowing for copy trading and following other traders' strategies	Limited access to less popular or niche assets
Option to trade fractional shares for stocks, making it accessible to investors with small capital	Limited trading hours on certain assets, such as cryptocurrencies
	Lack of transparency in pricing structure for some assets

Account Types

eToro provides traders with two primary types of accounts to choose from, namely the Retail and Professional accounts. These account types differ in various aspects, such as trading features, account requirements, leverage limits, and the level of regulatory protection they offer.

eToro's Retail account is suitable for most traders and investors. This account type requires a minimum deposit of $500 and provides access to all eToro's trading instruments, including cryptocurrencies, stocks, ETFs, commodities, and more. Retail account holders can also benefit from eToro's social trading features, which allow users to follow and copy other successful traders on the platform. However, retail account holders are limited to a maximum leverage of 1:30, as per regulatory requirements.

eToro's Professional account is designed for experienced traders who meet certain criteria, such as having a minimum of two years of trading experience and meeting certain financial thresholds. This account type provides access to higher leverage of up to 1:400, and allows users to benefit from reduced margin requirements and negative balance protection. However, professional account holders are not eligible for certain investor protection rights, such as compensation schemes, as they are deemed to have a higher level of trading knowledge and experience.

Aspects	Pros	Cons
Account Types	Offers both retail and professional accounts	Professional accounts require certain qualifications
Minimum Deposit	Low minimum deposit requirement for retail account	High minimum deposit requirement for professional account
Commission	No commission on trades for most assets	Higher spreads compared to other brokers
Leverage	Up to 1:30 for major currency pairs	Limited leverage options for professional accounts
Platform	User-friendly platform with social trading features	Limited customization options
Customer Support	24/7 customer support in multiple languages	Phone support only available during market hours

How to open an account with eToro？

To open an account with eToro, you need to follow these steps:

• Go to the eToro website and click on the “Join Now” button.

• Enter your personal information, including your name, email address, and phone number.

• Verify your email address by clicking on the verification link sent to your email. Provide additional information, including your date of birth, address, and tax ID number. Agree to the terms and conditions and submit your application.

• Wait for eToro to review and approve your account, which usually takes a few minutes to a few business days.

• After approval, you can fund your account with preferable payment methods and then start your real trading with this broker.

Demo Account

eToro offers a demo account for traders who want to practice trading strategies without risking real money. The eToro demo account provides $100,000 in virtual money and is valid for an unlimited amount of time, allowing traders to familiarize themselves with the platform and practice their trading skills.

To open a demo account, traders can simply sign up for an eToro account and select the option to use the demo account. It's important to note that the eToro demo account does not require any deposit or funding, making it a risk-free way to test out the platform.

When using the demo account, traders should keep in mind that the virtual money provided is not real, and any profits or losses made are also not real. It's also important to note that while the demo account provides a good introduction to the platform, it may not accurately reflect the actual market conditions and trading experience.

Leverage

eToro offers leverage for trading various financial instruments. The maximum leverage provided by eToro varies depending on the instrument and the jurisdiction of the client. For example, for major forex pairs, eToro offers leverage up to 1:30 for retail clients and up to 1:400 for professional clients. For commodities such as gold and silver, leverage can be up to 1:20 for retail clients and up to 1:100 for professional clients. For stocks, eToro offers leverage up to 1:5 for both retail and professional clients. It is noted that high leverage can amplify your potential returns, but more importantly, it can increase your risks.

Spreads & Commissions (Trading Fees)

eToro's spreads vary depending on the asset being traded. The platform charges variable spreads, which means that the spread can widen or narrow depending on market conditions. The typical spread for major currency pairs such as EUR/USD and GBP/USD is around 3 pips during normal market conditions. However, this can vary depending on market volatility and liquidity.

For other assets, such as cryptocurrencies and commodities, eToro's spreads are generally higher. For example, the spread for Bitcoin can range from 0.75% to 5% depending on market conditions.

Pros	Cons
Zero commission on stock and ETF trading	Wider spreads compared to other brokers
Competitive spreads on major forex pairs	Overnight fees charged on leveraged positions
No hidden fees or surprises	Limited selection of exotic currency pairs
Transparent pricing	Higher spreads on cryptocurrencies
Tight spreads on commodities and indices	Spreads can widen during volatile market conditions

Non Trading Fees

In addition to spreads and commissions, eToro also imposes a few non-trading fees that traders should take into consideration before trading on this platform. These fees include:

• Withdrawal fee: eToro charges a withdrawal fee of $5 per withdrawal. This fee is relatively low compared to other brokers.

• Inactivity fee: If you don't log in to your eToro account for 12 months, an inactivity fee of $10 per month will be charged to your account. This fee is charged until you log in again or until your account balance reaches zero.

• Overnight fees: eToro charges overnight fees or rollover fees for positions held open overnight. The amount of the fee depends on the instrument traded, the direction of the position, and the size of the position.

• Currency conversion fee: If you deposit funds in a currency different from the base currency of your account, eToro charges a currency conversion fee. The fee is 0.5% of the deposited amount, and it's calculated based on the exchange rate at the time of the conversion.

Pros	Cons
No commissions on stock and ETF trading	Higher spreads compared to other brokers
No deposit fees	High withdrawal fees
No account maintenance fees	Inactivity fee after 12 months of inactivity
No fees for using the CopyTrader feature	Limited payment methods
No fees for currency conversion	Overnight fees for positions held overnight
	High fees for using PayPal as a payment method

Trading Platform

eToro offers its proprietary trading platform, which is designed to be user-friendly and intuitive, particularly for novice traders. The platform provides a variety of tools and features, including real-time market data, advanced charting tools, and an easy-to-use order entry system.

One of the most notable features of the eToro platform is its social trading functionality, which allows users to follow and copy the trades of successful traders. This feature is particularly appealing to new traders who may lack the knowledge or experience to make their own trades.

In addition to its proprietary platform, eToro also supports the popular MetaTrader 4 (MT4) platform, which is widely used by traders around the world. MT4 is known for its advanced charting capabilities, extensive library of technical indicators, and the ability to automate trading strategies through the use of Expert Advisors (EAs).

Here is a comparison table of the trading platform offered by eToro, FP Markets and Exness:

Broker	Trading Platform	Desktop	Web-based	Mobile
eToro	eToro Platform	✔️	✔️	✔️
FP Markets	MetaTrader 4 (MT4)	✔️	✔️	✔️
Exness	MetaTrader 4 (MT4)	✔️	✔️	✔️

Deposits & Withdrawals

eToro accepts multiple payment methods, including credit/debit cards, bank transfers, and e-wallets such as PayPal, Neteller, and Skrill. The minimum deposit amount is $10, which is relatively low compared to other brokers in the industry. Deposits are usually processed instantly or within one business day, depending on the payment method. eToro does not charge any deposit fees, but some payment providers may have their own fees.

eToro allows you to withdraw funds using the same payment methods as deposits.The minimum withdrawal amount is $30, and there is a withdrawal fee of $5.Withdrawals are usually processed within one business day, but it may take longer for bank transfers.Before making a withdrawal, you need to verify your identity and complete the necessary KYC (Know Your Customer) procedures. eToro also has a policy of returning funds to the original payment method used for deposits, whenever possible.

Pros	Cons
Wide range of payment methods available including credit/debit cards, PayPal, and bank transfer	Withdrawal fee of $5 per transaction
Quick and easy deposit process with most methods being processed instantly	Minimum withdrawal amount of $30
No deposit fees charged by eToro	Limited number of currencies available for deposits and withdrawals
Supports deposits and withdrawals in multiple currencies	Withdrawal processing time can take up to 7 business days
Allows users to set up multiple payment methods for convenience	Third-party fees may be charged by payment processors
Negative balance protection ensures that users cannot lose more than they have deposited	Users may need to provide additional verification documents for withdrawals

Customer Support

Customer support is an important aspect of any online brokerage firm, and eToro is no exception. eToro offers various channels for customers to get in touch with its support team. These channels include:

• Live chat: This is available 24/5, Monday to Friday. It is the fastest and most efficient way to get support.

• Email: Customers can send an email to the eToro support team. The response time is usually within 24 hours.

• Phone: Customers can also call the support team during office hours. eToro provides local phone numbers for various countries.

• Social media: eToro has a presence on various social media platforms, including Twitter and Facebook. Customers can use these platforms to get in touch with the support team.

• FAQ section: eToro offers a comprehensive FAQ section on their website that covers a wide range of topics related to their services, trading, account management, and more. The FAQ section is organized into categories, making it easy for users to find answers to their questions quickly.

Educational Resources

When it comes to educational resources, Toro offers a variety of educational content to help traders improve their skills and knowledge of the financial markets.

These resources include:

• eToro Academy: This is an online education portal that provides traders with a wide range of educational materials, including articles, videos, webinars, and courses on various topics such as trading strategies, market analysis, risk management, and more.

• Trading Guides: eToro also offers a series of trading guides that provide in-depth information on various trading topics, including stocks, commodities, currencies, and indices.

• Market News and Analysis: eToro provides traders with up-to-date news and analysis on the financial markets. This includes daily market updates, weekly market analysis, and other educational content.

• Blog: eToro has a blog that provides traders with the latest news, market analysis, and trading tips.

• Virtual Portfolio: eToro offers a virtual portfolio feature that allows traders to practice trading without risking real money. This is a great way for beginners to gain experience and test out their trading strategies before trading with real money. Here is an instructional video for users to know clearly what Virtual Portfolio is:https://www.youtube.com/watch？v=GWK7uQ98KpM.

Conclusion

Overall, eToro is a reputable and user-friendly online trading platform that offers a wide range of financial instruments and trading options to its clients. Its innovative social trading features, intuitive platform, and excellent customer service make it an attractive choice for both beginner and experienced traders. However, it does have some drawbacks, such as relatively high fees, limited research tools, and a lack of advanced charting capabilities.

FAQs

• Q: Is eToro a regulated broker？

• A: Yes, eToro is a regulated broker. It is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) in Europe, the Financial Conduct Authority (FCA) in the UK, and the Australian Securities and Investments Commission (ASIC) in Australia.

• Q: What trading instruments are available on eToro？

• A: eToro offers a wide range of trading instruments, including stocks, ETFs, cryptocurrencies, forex, commodities, and indices.

• Q: What is the minimum deposit required to open an account on eToro？

• A: The minimum deposit required to open an account on eToro varies depending on your location and the type of account you choose. For most countries, the minimum deposit is $500.

• Q: Does eToro offer a demo account？

• A: Yes, eToro offers a demo account that allows you to practice trading with virtual funds. The demo account is free and can be used for an unlimited period of time.

• Q: What is eToro's customer support like？

• A: eToro's customer support is available 24/5 and can be reached through email, live chat, and phone. They also have a comprehensive help center and a community forum where you can get answers to common questions and connect with other traders.

Let's start here:

Doo Prime is a regulated broker offering 10,000+ popular trading products with spreads starting at 0.1 pips. The platform provides access to MT4, MT5, Doo Prime InTrade, TradingView, and copy trading. While it appears promising, let's dive deeper to assess if it truly meets its claims of providing an exceptional trading environment.

Quick Doo Prime Review in 10 Key Points
Registered in	UK
Regulated by	FSA, ASIC, VFSC
Year(s) of establishment	2014
Trading instruments	Currency pairs, indices, commodities, metals, energy, stocks, futures, securities
Minimum Initial Deposit	$100
Maximum Leverage	1:1000
Minimum spread	From 0.1 pips
Trading platform	MT4, MT5, Doo Prime InTrade, tradingview
Deposit and withdrawal method	VISA, Mastercard, skrill, neteller, epay, etcetera
Customer Service	Email/ phone number /live chat /24/7

General Information

Doo Prime is a wholly-owned subsidiary of Doo Prime Holding Group, founded in 2014, headquartered in London, UK, with operations offices in Hong Kong, Taipei, Dallas, Kuala Lumpur, and Singapore.

Doo Prime offers a diverse selection of tradable assets, including forex, contracts for difference (CFDs), indices, and cryptocurrencies. Doo Prime caters to a diverse range of traders by offering different account types to suit individual preferences. The Cent account is designed for beginners and those who prefer to start with smaller trade sizes, while the STP (Straight-Through Processing) and ECN (Electronic Communication Network) accounts are more suitable for experienced traders seeking direct market access and tighter spreads. Traders can commence their trading journey with a minimum deposit of $100, providing accessibility to a wide range of investors.

In terms of leverage, Doo Prime offers flexibility with leverage options of up to 1:1000, supporting multiple trading platforms to cater to various trading styles and preferences. The widely recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms provide an extensive range of analytical tools, indicators, and expert advisors for comprehensive market analysis and automated trading. The Doo Prime Intrade platform, tailored specifically for Doo Prime clients, offers advanced charting features and execution capabilities. Furthermore, the integration of TradingView, a popular charting and social trading platform, provides traders with additional flexibility and convenience.

Lastly, acknowledging the significance of customer support, Doo Prime provides 24/7 assistance through various channels, including email, live chat, and telephone.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.

We will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.

Is Doo Prime legit？

Yes, Doo Prime is legally operating in different jurisditions, as it is subject to regulatory oversight from multiple regulatory authorities, ASIC (Australian Securities and Investments Commission) in Australia, VFSC (Vanuatu Financial Services Commission) in Vanuatu, and FSA (Financial Services Authority) in Seychelles.

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number
	ASIC	DOO FINANCIAL AUSTRALIA LIMITED	Investment Advisory License	222650
	FSA	Doo Prime Vanuatu Limited	Retail Forex License	700238
	VFSC	Doo Prime Vanuatu Limited	Retail Forex License	700238

DOO FINANCIAL AUSTRALIA LIMITED, its Australian entity, is authorized and regulated by the Australia Securities & Investment Commission (ASIC) under regulatory license number 222650, holidng a license for Investment Advisory Lincense.

Doo Prime Seychelles Limited, its entity in Seychelles, is authorized and regulated by The Seychelles Financial Services Authority (FSA) under regulatory license number SD090, holding a license for Retail Forex operation.

Doo Prime Vanuatu Limited, its entity in Vanuatu, is authorized and regulated by the Vanuatu Financial Services Commission (VFSC) under regulatory license number 70038, holding a license for retail forex operation as well.

Pros and Cons

Doo Prime offers over 10,000 popular tradable assets, and multiple trading platforms, providing flexibility and choice for traders. Furthermore, the availability of social trading features is proovided. However, traders should be mindful of the commission charged per trade and the potential limitations in terms of educational resources and account customization. Additionally, Doo Prime's promotional offerings may be limited. Overall, traders should carefully consider these pros and cons when evaluating Doo Prime as a potential brokerage option.

Pros	Cons
Regulated by ASIC, FSA, and VSFC	Limited availability of information on additional fees or charges.
Multiple trading platforms, including MT4, MT5, Doo Prime Intrade, and TradingView.	Limited educational resources and tools compared to some other brokers.
Diverse range of tradable assets, including forex, CFDs, indices, and cryptocurrencies.	Limited customization options for account types.
Social trading features for collaboration and knowledge-sharing.	Limited availability of promotions or bonuses.
Multiple payment methods

Market instruments

Trading Assets	Available
Securities
Futures
Forex
Precious Metals
Commodities
Stock Indices

Doo Prime offers a comprehensive range of market instruments to cater to the diverse trading needs of its clients. These instruments encompass a variety of asset classes, including securities, futures, forex, precious metals, commodities, and stock indices.

Doo Prime Minimum Deposit

To open a most basic account, that is Cent Account, $100 is required, same as its standard account requirement. However, $100 to open a cent account is a little bit sticky, compared to HTFX's $5 to open a cent account. Well, $100 to open a standard account is acceptable.

Here is a table to show Doo Prime's minimum deposit with other brokers:

Broker	Minimum Deposit
	$200
	$100
	$1 USD
	$100

Spreads and Commission

Doo Prime offers spreads starting from 1 pip with a commission of USD 10 per trade. Spreads represent the difference between the bid and ask price of a financial instrument, indicating the cost that traders incur when entering a trade. With spreads starting from 1 pip, Doo Prime provides a competitive pricing structure that may appeal to traders seeking cost-effective trading opportunities.

In addition to spreads, Doo Prime applies a commission of USD 10 per trade. The commission is a fixed fee charged on each trade executed by the trader. This transparent commission structure ensures clarity regarding the cost of trading, allowing traders to accurately assess the expenses associated with their transactions.

Non-Trading Fees

In addition to trading fees, it's important to consider the non-trading fees associated with Doo Prime. These fees, separate from the costs directly related to executing trades, can impact a trader's overall profitability. Doo Prime imposes various non-trading fees, including but not limited to:

1. Deposit and withdrawal fees: Doo Prime may charge fees for depositing funds into the trading account or withdrawing funds from it. These fees can vary depending on the chosen payment method and the amount of the transaction.

2. Inactivity fees: If a trader's account remains inactive for a specified period, Doo Prime may impose inactivity fees. These fees are designed to incentivize active trading and cover the costs of maintaining dormant accounts.

3. Conversion fees: If a trader conducts transactions in a currency different from the account's base currency, Doo Prime may charge conversion fees. These fees apply when converting funds from one currency to another, and the rates may vary depending on the prevailing exchange rates and any associated commissions.

4. Overnight financing fees: For positions held overnight, Doo Prime may charge financing fees, also known as swap or rollover fees. These fees are incurred for maintaining open positions beyond the trading day and are based on the prevailing interest rates of the currencies involved.

5. Account closure fees: In the event a trader decides to close their Doo Prime account, the broker may impose account closure fees. These fees cover administrative costs associated with finalizing the account closure process.

Account Types

Doo Prime offers a variety of account types to cater to the diverse needs and preferences of traders. The Cent account is designed for those who are starting their trading journey or prefer to trade with smaller volumes. With a minimum deposit of $100, the Cent account provides accessibility to the markets without the availability of a demo account. Traders can gradually build their trading skills and experience while managing lower trade sizes.

For traders looking for a Standard account, Doo Prime offers an option with a minimum deposit of $100. This account type allows traders to access a wider range of trading opportunities. The Standard account also provides the advantage of a demo account, enabling traders to practice their strategies and familiarize themselves with the platform before engaging in live trading. This feature helps traders gain confidence and refine their trading approach.

Doo Prime also offers an ECN account, specifically designed for more experienced traders seeking direct market access and enhanced trading conditions. With a higher minimum deposit requirement of $5000, the ECN account provides access to deep liquidity and tight spreads. Similar to the Standard account, the ECN account also includes a demo account option, allowing traders to test and fine-tune their trading strategies in a risk-free environment.

	CENT	STP	ECN
	Account Currency: USD	Account Currency: USD	Account Currency: USD
Minimum Deposit	$100	$100	$5000
Spreads	High	Medium	Low
Free Demo
Expert Advisor
Hedging Positions
Order Execution	Market Execution	Market Execution	Market Execution

Doo Prime Demo Account

Notably, Doo Prime restricts demo accounts to Standard and ECN account holders. Additionally, if clients don't log in to their demo accounts for over 60 days, those accounts become inactive.

Here are some easy steps for you to open a demo account:

Step 1: Visit Doo Prime – Official Website and click “Demo Account”on the top right corner.

Step 2: Account Registration: Simply enter your phone number and email on the registration interface, choose verification via email or phone, click “Send Verification Code,” set your password upon successful verification, and then agree to the terms before clicking “Submit Registration.”

Step 3: Add a demo account: In the Doo Prime User Center, go to the homepage and choose “Add Account” below the demo account section.

Step 4: Customize your demo account: You can add an account by selecting the “Creation method,” “Trading Platform,” “Basic Account Type,” “Account Currency,” “Leverage,” and specifying the “Deposit Amount.” Then, set your “Trading Password” and “Read-only Password” to complete the process.

Step 5: Demo account is sucessfully opened: Once registration is complete, users can access their personal mailbox to retrieve their demo account login details, which include the chosen “Trading Platform,” “Demo Account,” and “Server Name.”

To add your demo account funds, follow just two steps:

Step1: Within the Doo Prime User Center's Demo Account screen, simply click the gear icon located in the upper right corner.

Step 2: Input the desired deposit amount into the “Deposit” field, then confirm by clicking “Yes.”

Then, the added amount will be displayed in the demo account.

How to open an account？

Opening an account with Doo Prime is a simple process that can be completed in just a few steps:

1. Visit the Doo Prime website: Go to the official Doo Prime website using a web browser.

2. Fill in the registration form: Provide your personal information, including your name, email address, country of residence, and phone number. Create a secure password for your account.

3. Complete the verification process: Follow the instructions to submit the required identification documents for verification, such as a passport or driver's license. This step ensures compliance with regulatory requirements.

4. Fund your account: Deposit funds into your Doo Prime account using one of the available payment methods, such as bank wire transfers, credit/debit cards, or e-wallets. Be aware of any minimum deposit requirements.

5. Set up the trading platform: Download and install the preferred trading platform, such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5), from the Doo Prime website. Login using your Doo Prime account credentials, and you're ready to start trading.

Once your account is set up and funded, you can explore the trading platform's features, access various trading instruments, and begin executing trades.

Trading Platforms

As for the trading platform, Doo Prime provides its clients with many options. There are public platforms such as tradingview, MT5 and MT4 that have served many clients worldwide, also Doo Prime's own platform Doo Prime InTrade. If you didn't want to spend time familiarizing yourself with a new platform, you could choose public platforms. But Doo Prime's own platform provides better compatibility with businesses, as they are specially developed and customized platforms. The choice is yours.

MetaTrader 5 (MT5): Doo Prime also supports the advanced MetaTrader 5 platform, which builds upon the features of MT4 and offers expanded functionalities. MT5 includes additional asset classes, improved charting tools, and enhanced order execution capabilities. Traders can access a more extensive range of analytical tools, utilize depth-of-market (DOM) functionality for more precise order placement, and benefit from advanced built-in indicators and graphical objects for comprehensive market analysis.

Doo Prime Intrade: Doo Prime introduces its proprietary trading platform, Doo Prime Intrade, designed specifically for its clients. This platform combines advanced charting features, intuitive navigation, and swift order execution. Traders can enjoy a seamless trading experience with access to real-time market data, customizable charting tools, and the ability to execute trades swiftly and efficiently.

TradingView: Doo Prime integrates with TradingView, a popular and powerful charting and social trading platform. TradingView offers an extensive range of technical analysis tools, customizable charting features, and the ability to follow and interact with other traders in the TradingView community. Traders can access a vast library of indicators, create and share their own trading ideas, and collaborate with other traders, fostering a social trading environment.

Social Trading

Social trading, a feature provided by Doo Prime, revolutionizes the way traders engage in the financial markets by combining the power of technology and social interaction. In social trading, traders have the opportunity to observe and replicate the trading activities of experienced and successful traders.

Through Doo Prime's social trading platform, traders can access a network of skilled traders and view their real-time trades, performance history, and trading strategies. This transparency enables aspiring traders to evaluate and select the traders they wish to follow based on their individual trading goals and risk appetite.

Leverage

Leverage, in the context of trading, refers to the ability to control a larger position in the market with a smaller amount of capital. Doo Prime offers leverage of up to 1:1000. This means that for every dollar of trading capital, traders can control a position up to 1000 times larger.

Leverage is a double-edged sword, whch means it has the potential to magnify both profits and losses. When used wisely, leverage can amplify trading gains and allow traders to capitalize on market opportunities with a smaller investment. However, it's important to note that leverage also increases risk exposure. If the market moves against a leveraged position, losses can accumulate rapidly, potentially exceeding the initial investment.

Deposit and withdrawal methods and fees

Doo Prime offers a variety of payment channels to facilitate deposit transactions, providing convenience and flexibility to its clients. The available payment channels, their supported payment currencies, deposit limits, and processing times are as follows:

• Local bank transfers, allowing traders to deposit funds from their local bank accounts directly into their Doo Prime trading account. For traders using pay4broker CNY, deposits ranging from 1000 to 6800 CNY can be made within a 30-minute processing time. Another option is OTCP4B CNY, which allows for larger deposits. Traders can deposit between 15000 and 200000 CNY with a processing time of approximately 30 minutes. Additionally, OTCP4B CNY offers a range of deposit amounts from 450 to 6800 CNY, with a processing time of 5 to 30 minutes.

• epay: Supports USD, HKD, GBP, EUR, AUD, THB, and AED as payment currencies. Deposits can be made within the range of $100 to $99,999, and the processing time is instant.

• Skrill: Accepts multiple payment currencies, including USD, HKD, GBP, EUR, CHF, AUD, CAD, AED, PLN, NZD, ZAR, SEK, DKK, TWD, KRW, SGD, NOK, and INR. Deposits can be made between $100 and $6,000, with instant processing.

• Fasapay: Supports USD and IDR as payment currencies. Deposits can be made within the range of $100 to $25,000, and the processing time is instant.

• HWGC: Accepts TWD as the payment currency. Deposits can be made within the range of $100 to $710,000, and the processing time is approximately 45 minutes.

• VISA, MASTERARD, APPLE PAY, GOOGLE PAY: Multiple payment currencies are supported, such as AED, AUD, BND, CAD, ZAR, VND, USD, TWD, THB, SEK, PLN, NZD, NOK, LAK, MMK, KHR, INR, HKD, GBP, EUR, DKK, CHF, and KRW. Deposits can be made between $100 and $6,500, with instant processing.

• VISA, MASTERARD, APPLE PAY, GOOGLE PAY, AMERICAN EXPRESS: Accepts KRW and THB as payment currencies. Deposits can be made within the range of $100 to $400, and the processing time is instant.

• Wire Transfer: Supports EUR, GBP, and USD as payment currencies. Deposits can be made within the range of $7,000 to $500,000, with a processing time of 2 to 5 working days.

Withdrawal

Doo Prime recommends a minimum withdrawal amount of USD 50, and it offers various withdrawal methods to accommodate the needs of its clients. For international wire transfers, withdrawals can be made in multiple currencies, including EUR, GBP, HKD, and USD. The processing time for international wire transfers is relatively quick, with funds typically being processed within one working day for withdrawal amounts up to USD 50,000. For withdrawal amounts ranging from USD 50,001 to 200,000, the processing time extends to two working days. Withdrawals of USD 200,001 to 1,000,000 require approximately five working days for processing, while withdrawals above USD 1,000,001 may take around six working days to complete.

For local bank transfers in CNY (Chinese Yuan) and VND (Vietnamese Dong), Doo Prime provides a good option for clients based in those respective regions. The processing time for local bank transfers may vary depending on the specific local banking systems. It is advisable to check with Doo Prime for the estimated processing time for local bank transfers in CNY and VND.

Educational resources

A series of educational resources is available at Doo Prime, such as economic calendar, trading central, VPS, etcetera.

Customer support of Doo Prime

Traders can reach out to the company through various channels to address their queries and concerns. The brokerage offers phone support, enabling clients to directly contact the relevant branch or office for personalized assistance. Additionally, an online chat feature is available for real-time communication, allowing traders to engage in instant conversations with customer support representatives. Furthermore, clients have the option to fill out a contact form on Doo Prime's official website, and the company will promptly respond and connect with them.

Doo Prime actively engages with its clients and provides additional avenues for communication and updates through various social media platforms. Traders have the opportunity to connect with Doo Prime on popular social media platforms like Facebook, Twitter, Instagram, and LinkedIn. By following Doo Prime on these platforms, clients can stay updated on the latest news, market insights, educational content, promotions, and company announcements.

Below are the details about the customer service.

Language(s): English, Chinese, Japanese, Korean, Spanish, Thai, Vietnamese.

Service Hours: 24/7

Email: en.support@dooprime.com

Phone Number: +44 11 3733 5199

Social media: Facebook, Instagram, LinkedIn, twitter

Users exposures

On WikiFX website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Educational Resources

Doo Prime offers access to renowned market analysis provider Trading Central, providing traders with research, technical analysis, and trading ideas across various financial markets.

Additionally, Doo Prime provides Virtual Private Server (VPS) services, which offer traders enhanced trading performance and uninterrupted connectivity. The VPS allows traders to execute their trading strategies with minimal latency and ensures that their trading activities are not affected by technical glitches or disruptions.

Conclusion

In conclusion, Doo Prime presents itself as a well-established brokerage firm with several positive aspects and a few considerations to keep in mind. On the positive side, Doo Prime's regulatory oversight by respected authorities such as ASIC, FSA, and VSFC instills confidence in the company's adherence to financial standards and investor protection. The diverse range of account types, including Cent, STP, and ECN, caters to the varying needs and preferences of traders. Additionally, the flexibility of leverage options up to 1:1000 and competitive spreads starting from 0.6 pips offer potential cost advantages for traders. The availability of popular trading platforms like MT4, MT5, Doo Prime Intrade, and TradingView, along with a wide selection of tradable assets, provides traders with comprehensive market access and analysis tools. The inclusion of social trading features further enhances the trading experience, allowing traders to learn from and replicate successful strategies.

However, it is important to consider certain factors. While Doo Prime's regulatory compliance is a positive aspect, the company's registration in Malaysia may lead some traders to prefer brokers regulated in more well-known jurisdictions. Traders should also be mindful of the potential risks associated with high leverage and carefully manage their positions. Furthermore, while Doo Prime offers competitive spreads, traders should compare them with other brokers to ensure they are getting the best available rates. Additionally, the absence of a demo account for the Cent account type may limit opportunities for beginner traders to practice and familiarize themselves with the platform.

FAQs

Q: Is Doo Prime a regulated brokerage？

A: Yes, Doo Prime is regulated by multiple respected authorities, including ASIC (Australian Securities and Investments Commission), FSA (Financial Services Authority), and VSFC (Vanuatu Financial Services Commission). This regulation ensures compliance with financial standards and provides a level of investor protection.

Q: What is the minimum deposit required to open an account with Doo Prime？

A: The minimum deposit required to open an account with Doo Prime is $100. This allows for accessibility to a wide range of traders, including those with smaller investment budgets.

Q: What is the maximum leverage available at Doo Prime？

A: Doo Prime offers maximum leverage of up to 1:1000. However, traders should exercise caution and fully understand the risks associated with high leverage before utilizing it in their trading strategies.

Q: What are the available trading platforms at Doo Prime？

A: Doo Prime supports popular trading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), Doo Prime Intrade, and TradingView. These platforms provide traders with a variety of tools, indicators, and functionalities to enhance their trading experience.

Q: What assets can be traded on Doo Prime？

A: Doo Prime offers a diverse range of tradable assets, including forex currency pairs, contracts for difference (CFDs) on various financial instruments, indices, and cryptocurrencies. This allows traders to access different markets and diversify their portfolios.

Q: What types of trading accounts does Doo Prime offer？

A: Doo Prime provides multiple account types to cater to different trader preferences. These include Cent accounts for beginners, STP accounts for direct market access, and ECN accounts for more advanced traders seeking tight spreads and faster execution.