FXTM	Basic Infromation
Registered Country/Region	United Kingdom
Founded in	2011
Headquarters	Cyprus, UK, Belize
Regulated By	FCA, CySEC, FSCA (Out of Scope Business)
Minimum Deposit	$10
Leverage	Up to 1:2000
Account Types	Micro, Advantage, and Advantage Plus
Demo Account	Yes
Trading Instruments	Forex, Commodities, Indices, Shares, Cryptocurrencies
Trading Platforms	MetaTrader 4, MetaTrader 5, FXTM Trader
Mobile Trading	Yes
Islamic Account	Yes
Payment Methods	Credit/Debit Cards, Bank Wire, E-wallets
Minimum Spread on EUR/USD	From 0.1 pips
Customer Support	24/5 Live Chat, Email, Phone
Educational Resources	Yes
Negative Balance Protection	Yes

Overview of FXTM

FXTM, or Forex Time, is a global forex and CFD broker founded in 2011. The company is headquartered in Cyprus and is regulated by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and other regulatory bodies in various countries. FXTM offers a variety of trading instruments, including forex, commodities, indices, shares, and cryptocurrencies.

FXTM is its extensive range of account types, which cater to traders of all experience levels and preferences. The broker offers five different account types, including the Micro, Advantage, and Advantage Plus accounts, as well as demo accounts and Islamic accounts. Each account type comes with its own unique features, including different leverage options, spreads, and minimum deposit requirements. In terms of trading fees, FXTM offers variable spreads on most of its instruments, with spreads starting from as low as 0.1 pips.

FXTM also offers a range of trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms are available in desktop, web, and mobile versions, allowing traders to trade on the go and from anywhere in the world.

Lastly, FXTM provides customer support in multiple languages, which is available 24/5 via live chat, email, and phone. The broker also offers a range of educational resources, including webinars, seminars, and trading guides.

Is FXTM Legit？

FXTM is currently regulated by two reputable regulatory bodies, the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus. These regulatory bodies ensure that the broker operates within strict guidelines and rules.

Forextime Ltd (Its CYSEC entity), is authorized and regulated by the Cyprus Securities and Exchange Commission (CYSEC) under regulatory license number 185/12.

Exinity UK Ltd, its UK entity, is authorized and regulated by the Financial Conduct Authority (FCA) under regulatory license number 777911.

FOREXTIME LTD is authorized by the Financial Conduct Authority (FSCA), holding a license of Financial Service Authority under license no. 46614.

Pros and Cons of FXTM

FXTM is a well-known broker that offers a range of trading services to its clients, including forex, commodities, and CFDs. While there are many benefits to trading with FXTM, there are also some drawbacks to consider. In this table, we'll take a closer look at the pros and cons of trading with FXTM, so you can make the right choice about whether this broker is right for you. Some of the pros we'll cover include their range of account types, competitive spreads, and excellent customer support, while some of the cons we'll discuss include the lack of cryptocurrency trading and high withdrawal fees.

Pros	Cons
Regulated by top-tier financial authorities, FCA and CYSEC	Limited product offerings compared to some competitors
Wide range of account types for different trading needs	High inactivity fee
Low minimum deposit requirements	Limited payment methods
Demo Accounts Available	Limited research tools and resources
Islamic Accounts Available
Access to a variety of trading platforms, including MT4 and MT5
Multiple funding and withdrawal options
Rich Eductaional Resources
Rich Trading Tools
High-quality customer support

Market Intruments

FXTM offers a diverse range of trading instruments for its clients, which includes forex, spot metals, CFD commodities, stock, stock CFDs, and CFDs on indices. The forex market is the largest financial market in the world, and FXTM provides access to a wide range of major, minor and exotic currency pairs. This means that traders have the flexibility to trade the currency pairs that best suit their trading strategies.

In addition to forex, FXTM offers trading in spot metals, which include gold, silver, and platinum. Spot metals can be a useful tool for diversifying a portfolio or hedging against inflation or geopolitical risks. FXTM also provides CFD trading in commodities, such as oil, natural gas, and agricultural commodities. CFD trading allows traders to speculate on the price movements of these commodities without having to own them physically.

FXTM also offers trading in stocks and stock CFDs. With access to global markets, traders have the opportunity to invest in some of the world's leading companies, such as Apple, Amazon, and Facebook. Moreover, traders can benefit from dividend payments when holding stock CFDs for the long term.

Finally, FXTM provides CFD trading on indices, which allows traders to speculate on the performance of a particular stock market. This is particularly useful for traders who want to take a broader view on the direction of a market, rather than focusing on individual stocks.

Overall, FXTM's range of market instruments provides traders with a wide variety of opportunities to diversify their trading portfolio and explore new trading strategies.

Pros	Cons
Offers a wide range of markets to trade, including forex, spot metals, and CFDs on commodities, stocks, and indices	Limited selection of individual stocks compared to some competitors
Competitive spreads and commissions	Margin requirements on some instruments may be higher than other brokers
Access to both major and minor forex pairs, as well as exotic currency pairs	Limited cryptocurrency offerings compared to some competitors
Opportunity to diversify portfolio with a variety of markets	The number of CFDs on commodities may be limited compared to other brokers
Offers both MetaTrader 4 and MetaTrader 5 platforms for trading	Availability of certain markets may vary depending on the trader's location

Account Types

FXTM offers three different types of trading accounts, which are the Micro account, the Advantage account, and the Advantage Plus account. The Micro account requires a minimum deposit of $10, the Advantage account requires a minimum deposit of $100, and the Advantage Plus account requires a minimum deposit of $500.These account types are designed to cater to the varying needs and preferences of traders, ranging from beginner traders with limited capital to experienced traders looking for more advanced trading features. Each account type has its own unique features and benefits, such as different minimum deposit requirements, leverage ratios, and spreads, allowing traders to choose the one that suits them best. The Micro account is ideal for novice traders with a limited budget, while the Advantage account is suitable for experienced traders who require advanced trading tools and a competitive trading environment. The Advantage Plus account is designed for professional traders who require high-volume trading and personalized support from a dedicated account manager.

Pros	Cons
Micro account has low initial deposit	Micro account has higher spreads compared to other types
Advantage account has low spreads	Advantage account has a higher minimum deposit
Advantage Plus account offers lower commissions	Advantage Plus account has the highest minimum deposit

Demo Accounts

FXTM offers demo accounts for all its account types, including Micro, Advantage, and Advantage Plus. These demo accounts allow traders to test their trading strategies in a risk-free environment using virtual funds. Demo accounts are also useful for new traders who want to learn how to trade before committing real money to live trading. With FXTM's demo accounts, traders can access all the trading tools and features available in the live trading platform. The demo accounts are also available in multiple languages, making it accessible for traders from different countries. However, it's important to note that demo trading doesn't completely simulate the emotional and psychological aspects of real trading, which could affect a trader's performance in the live markets.

How to Open an Account？

• To open an account with FXTM, you first need to visit their website and click on the “OPEN ACCOUNT” button on the top right-hand corner of the page.

• This will take you to the account registration page where you will need to fill out some basic personal information like your name, email address, and phone number.

• Next, you will be asked to choose the type of account you want to open. FXTM offers three main account types - Micro, Advantage, and Advantage Plus, each with its own features and benefits. You will also need to select the base currency of your account and agree to the terms and conditions of the broker.

• Once you have selected your account type and base currency, you will be prompted to provide some additional personal information like your date of birth, occupation, and address. You will also need to answer a few questions about your trading experience and investment goals.

• After you have completed the registration process, you will need to verify your account by providing some additional documents like a copy of your ID or passport and a proof of address like a utility bill or bank statement.

• Finally, once your account is verified, you can then make your first deposit and start trading.

Leverage

FXTM offers leverage of up to 1:2000, depending on the account type and trading instrument. The highest leverage is available for forex trading on the FXTM Pro account, while the other account types offer leverage up to 1:30 for EU traders and up to 1:2000 for non-EU traders. It's important to note that while high leverage can increase potential profits, it also increases the risk of losses. Therefore, it's recommended to use leverage wisely and only trade with funds you can afford to lose. FXTM also offers negative balance protection, which ensures that traders can not lose more than their account balance. This feature can provide additional peace of mind when trading with high leverage.

Spreads & Commissions (Trading Fees)

The spreads and commissions vary depending on the account type. For the Micro account, the spreads start from 1.5 pips, and no commission is charged. For the Advantage account, the spreads start from 1.1 pips, and a commission of $2 is charged per lot. For the Advantage Plus account, the spreads start from 0.0 pips, and a commission of $4 is charged per lot. It's important to note that the spreads are floating and may widen during periods of high market volatility.

The spreads offered by FXTM are typically lower than those offered by many other brokers in the industry, particularly on the Advantage and Advantage Plus accounts. The Micro account, however, has slightly higher spreads, which is to be expected due to the smaller minimum deposit requirement.

Here we have created a comparison table of the average spreads and commissions offered by FXTM and some other popular forex brokers such as IC Markets, Exness, and FP Markets:

Broker	EUR/USD Spread	Commission	Minimum Deposit
FXTM (Micro)	1.5 pips	No commission	$10
FXTM (Advantage)	0.5 pips	No commission	$100
FXTM (Advantage Plus)	0.1 pips	No commission	$500
IC Markets (Raw Spread)	0.1 pips	$7 round turn	$200
Exness (Raw Spread)	0.3 pips	No commission	$1
FP Markets (Raw Spread)	0.0 pips	$7 round turn	$100

Non-Trading Fees

Apart from trading fees, FXTM charges some non-trading fees that traders should also consider before choosing this broker. Some of the non-trading fees charged by FXTM include inactivity fee, withdrawal fee, deposit fee, and overnight fee. The inactivity fee is charged when a trader does not perform any trading activity on their account for a period of 6 months. The fee charged is $5 per month. Withdrawal fees vary depending on the method used, with bank transfers attracting a higher fee compared to e-wallets. Deposit fees are not charged for most methods, but a 2.5% fee is charged when depositing via Neteller. Overnight fees are charged when a position is held open overnight, and they vary depending on the instrument being traded

Here is a table showing the comparison of non-trading fees charged by FXTM and some other popular forex brokers:

Broker	Inactivity Fee	Deposit Fee	Withdrawal Fee
FXTM	$5/month after 6 months of inactivity	Free	Fees may occur
Avatrade	$50/quarter after 3 months of inactivity	Free	Fees may occur
IC Markets	$0	Free	Fees may occur
Exness	$0	Free	Fees may occur
FP Markets	$0	Free	Fees may occur

Trading Platform

FXTM offers a range of trading platforms, including the popular MetaTrader 4 and 5 platforms, as well as their proprietary trading platform called FXTM Trader. The MetaTrader 4 and 5 platforms are known for their ease of use, comprehensive charting tools, and customizability, while FXTM Trader offers advanced features such as price alerts, multiple chart types, and a news feed.

One of the main advantages of using MetaTrader 4 and 5 is the vast community of traders who have developed and shared custom indicators and trading strategies, making it easy to find and use powerful tools that can help improve your trading performance.

Another advantage of FXTM's trading platforms is their compatibility with a range of devices, including desktop, mobile, and web-based platforms, making it easy to trade on the go or from any device.

Here's a table comparing the trading platforms offered by FXTM, IC Markets, Avatrade, and Exness

Broker	Platform Types	Desktop	Web-Based	Mobile
FXTM	MT4, MT5, FXTM Trader	✔	✔	✔
IC Markets	MT4, MT5, cTrader	✔	✔	✔
Avatrade	MT4, AvaTradeGO, WebTrader	✔	✔	✔
Exness	MT4, MT5	✔	✔	✔

Deposit & Withdrawal

FXTM offers a variety of deposit and withdrawal options for its clients. Traders can deposit funds into their trading account using credit/debit cards, bank wire transfers, e-wallets, and other online payment methods. The minimum deposit amount varies depending on the account type selected by the trader.

For credit/debit card deposits, FXTM accepts Visa, Mastercard, and Maestro. There are no deposit fees for credit/debit card transactions, and funds are usually credited to the trading account instantly.

Bank wire transfers are also available as a deposit option. This method takes longer to process compared to other deposit methods and may incur charges from the bank. The minimum deposit amount for bank wire transfers varies depending on the currency selected, and it may take up to five business days for funds to appear in the trading account.

E-wallets such as Skrill, Neteller, and WebMoney are also accepted by FXTM. Deposits made through e-wallets are usually credited to the trading account instantly and are free of charge. The minimum deposit amount for e-wallet transactions varies depending on the selected e-wallet.

Withdrawals can be made using the same methods as deposits, with the exception of Mastercard. Withdrawals made through credit/debit cards may take up to three business days, while withdrawals made through e-wallets are usually processed within 24 hours. Bank wire transfers may take up to five business days for the funds to be credited to the trader's bank account.

FXTM may charge withdrawal fees for some methods. Traders are advised to check the fees and processing times associated with each method before making a deposit or withdrawal.

Pros	Cons
Multiple deposit and withdrawal methods	Some withdrawal methods may have higher fees
No deposit fees	Minimum withdrawal amounts may be higher than other brokers
Fast deposit and withdrawal processing times	Some deposit methods may not be available in certain regions
Supports various currencies for transactions

Customer Support

FXTM is known for providing excellent customer support to its clients. The broker offers various channels for clients to contact their support team, including live chat, email, and phone support. The customer support team is available 24/5 and is multilingual, which means clients can communicate with them in their preferred language.

FXTM also provides an extensive FAQ section on their website that covers various topics, such as account opening, deposit and withdrawal methods, trading platforms, and more. This section is helpful for clients who prefer to find answers to their questions without contacting the support team.

Pros	Cons
Live chat support available	No 24/7 customer support
Fast response times	No phone support for some countries
Knowledgeable and helpful staff	Limited educational resources for clients
Various support channels available
A FAQs section

Educational Resources

FXTM offers various educational resources to its clients to enhance their trading skills and knowledge. These resources include webinars, seminars, articles, e-books, educational videos, and more.

Webinars and seminars are live sessions conducted by market experts and analysts who provide insights and analysis on market trends and trading strategies. The sessions cover a wide range of topics, including technical and fundamental analysis, risk management, and trading psychology. The webinars and seminars are interactive, allowing clients to ask questions and get feedback from experts.

FXTM also provides a wide range of educational articles and e-books that cover a variety of trading topics. These resources are available to all clients, regardless of their account type, and can be accessed on the FXTM website.

In addition to these resources, FXTM offers educational videos that cover various aspects of trading, including market analysis, trading strategies, and risk management. These videos are designed to be engaging and informative, making them a useful tool for traders at all levels of experience.

Pros	Cons
Wide range of educational resources available	Some resources may be outdated or not relevant
Multiple formats available (webinars, articles, etc.)	Limited in-depth educational resources
Demo account available for practice trading	Educational resources may not be suitable for all levels of traders
Educational resources available in multiple languages	Some resources may require a subscription or additional fees

Conclusion

FXTM is a well-regulated and respected forex broker with a wide range of market instruments, competitive trading conditions, and user-friendly trading platforms. They offer various account types with reasonable minimum deposits and leverage options. FXTM's customer support is also responsive and helpful, while their educational resources can be useful for both novice and experienced traders.

However, there are also some potential drawbacks to consider. FXTM's non-trading fees, such as withdrawal fees, can be high, and their spreads can be wider than some of their competitors. Additionally, some traders may find their educational resources lacking in depth or variety.

FAQs

• Q: Is FXTM regulated？

  A: Yes, FXTM is regulated by top-tier financial authorities such as the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC).

• Q: What trading instruments are available on FXTM？

  A: FXTM offers a range of trading instruments including forex, spot metals, CFD commodities, stock CFDs, and CFDs on indices.

• Q: What types of trading accounts are available on FXTM？

  A: FXTM offers three main types of trading accounts: the Micro account, Advantage account, and Advantage Plus account.

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

  A: The minimum deposit required for each account type on FXTM is as follows: Micro account - $10, Advantage account - $100, and Advantage Plus account - $500.

• Q: What trading platforms are available on FXTM？

  A: FXTM offers a range of trading platforms including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.

• Q: What are the deposit and withdrawal options on FXTM？

  A: FXTM offers a variety of deposit and withdrawal options including bank transfers, credit/debit cards, and e-wallets such as Skrill, Neteller, and more.

• Q: What are the deposit and withdrawal options on FXTM？

  A: FXTM offers a variety of deposit and withdrawal options including bank transfers, credit/debit cards, and e-wallets such as Skrill, Neteller, and more.

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.