General information and regulations of Doo Prime
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.
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.
At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.
Market instruments
Currency pairs, indices, commodities, metals, energy, stocks, futures, securities ....Doo Prime allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on Doo Prime. Cryptocurrencies are currently unavailable.
Spreads and commissions for trading with Doo Prime
Doo Prime does not detail on its website additional trading costs such as spreads, commissions, SWAPs, etc. These costs are very important when calculating profits and losses, and should be considered in aggregate and not chosen in isolation. If you want to trade with Doo Prime, we recommend that you take the time to calculate these transaction costs.
Account Types for Doo Prime
Demo Account: Doo Prime provides a demo account that allows you to try out the financial markets without the risk of losing money.
Live Account: There are three types of account listed on Doo Prime platform, Cent, STP and ECN. The minimum deposit to open a Cent account and a STP account is both $100, affordable for most regular traders to get started, while the initial deposit for the ECN account is $5,000.
Trading platforms offered by Doo Prime
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.
Leverage offered by Doo Prime
Doo Prime offers a maximum leverage of up to 1:1000, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.
Deposit and withdrawal methods and fees
According to its website, Doo Prime offers 22 currencies and 20 funding methods, including the most popular ones like VISA, Mastercard, skrill, neteller, epay, etcetera.
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
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
On our 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.
Advantages and disadvantages of Doo Prime
Advantages:
Well regulated
High leverage
MT4, MT5
Sufficient information
Educational resources
Many instruments available
Demo account
Copy trading
Many deposit and withdrawal methods
Disadvantages:
Complaints
No cryptocurrencies
Frequent asked questions about Doo Prime
Is this broker well regulated？
Yes, it is currently effectively regulated by FSA, FINRA, ASIC and VFSC.
2023-02-24 14:52
2022-12-19 12:45
2022-12-15 18:27
2022-12-14 12:09
