When choosing a reliable forex broker, understanding the differences between options like Doo Prime and ActivTrades can make a big difference. Both are well-known brokers, but they cater to slightly different traders, each with unique features. In this detailed comparison, we’ll look at both brokers’ trading platforms, regulations, spreads, and overall service, so you can make an informed decision.
This table provides a clear side-by-side comparison of key features for both brokers.
| Feature | Doo Prime | ActivTrades |
|---|---|---|
| Founded | 2014 | 2001 |
| Headquarters | Hong Kong | London, UK |
| Regulation | FSC (Vanuatu), FSA (Seychelles) | FCA (UK), CSSF (Luxembourg), SCB (Bahamas) |
| Trading Platforms | MT4, MT5, TradingView | MT4, MT5, ActivTrader |
| Account Types | STP, ECN, Swap-free (Islamic) | Standard, Swap-free (Islamic) |
| Minimum Deposit | $100 | $500 |
| Spreads | From 0.1 pips (ECN), Floating spreads | From 0.5 pips (No commission) |
| Commission | $7 per lot (ECN account) | No commissions (on most trades) |
| Assets Offered | Forex, Commodities, Stocks, Indices, Cryptos | Forex, Commodities, Stocks, Indices, ETFs, Cryptos |
| Customer Support | 24/7 Multilingual Support | 24/5 Multilingual Support |
| Educational Resources | Limited | Extensive |
| Best for | Beginners, Low Deposit Traders | Regulated Broker, No-commission Traders |
1. Overview of Doo Prime
Doo Prime is a global broker with a reputation for offering multi-asset trading options. They provide access to forex, stocks, indices, and commodities, making them appealing to a diverse range of traders. Established in 2014, Doo Prime has expanded its reach, offering reliable services to traders around the world. With advanced technology and various account options, they focus on creating a seamless trading experience.
- Founded: 2014
- Headquarters: Hong Kong
- Regulated by: FSC, Vanuatu, and FSA (Seychelles)
- Assets offered: Forex, commodities, indices, stocks, and cryptocurrencies
2. Overview of ActivTrades
ActivTrades is a well-established broker that has been in the market since 2001. Known for its user-friendly platforms and transparent trading conditions, ActivTrades mainly attracts retail traders who are looking for stable, low-cost trading opportunities. They offer various asset classes, including forex, commodities, indices, and cryptocurrencies, and prioritize trader education and support.
- Founded: 2001
- Headquarters: London, UK
- Regulated by: FCA (UK), CSSF (Luxembourg), SCB (Bahamas)
- Assets offered: Forex, indices, commodities, shares, ETFs, and cryptocurrencies
3. Trading Platforms: Doo Prime vs ActivTrades
Both brokers provide traders with powerful platforms that suit different trading styles and preferences. Here’s how they compare:
- Doo Prime offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradingView. These platforms are popular for their advanced charting tools, automated trading options, and user-friendly interfaces. Doo Prime’s integration with TradingView makes it a great choice for traders who want detailed technical analysis.
- ActivTrades also supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) but goes a step further by offering their proprietary platform, ActivTrader. The ActivTrader platform is designed with a focus on simplicity and functionality, making it ideal for beginner traders. It offers features like one-click trading, advanced charting tools, and risk management features.
Verdict: If you prefer using third-party platforms like MT4, both brokers are excellent choices. However, ActivTrades’ proprietary ActivTrader platform gives it an edge for beginners.
4. Account Types and Minimum Deposit
Account types and minimum deposits are important for traders of all levels, whether you’re a beginner or an experienced trader.
- Doo Prime offers two types of accounts: STP Account and ECN Account. The minimum deposit is $100, which is accessible for most retail traders. The ECN account provides tighter spreads but may involve commissions on trades. Doo Prime also offers swap-free accounts for Islamic traders.
- ActivTrades provides just one main account type with a minimum deposit of $500. This higher minimum deposit may deter some beginner traders. However, the single account offers competitive spreads and no commissions on most forex pairs. ActivTrades also offers swap-free accounts for Islamic traders.
Verdict: Doo Prime’s lower minimum deposit makes it more appealing to beginner traders. ActivTrades’ slightly higher deposit requirement is offset by its competitive trading conditions.
5. Spreads and Fees: Doo Prime vs ActivTrades
Costs are an important factor when selecting a broker, as spreads and fees can affect your profitability over time.
- Doo Prime offers floating spreads that start from as low as 0.1 pips for their ECN accounts. However, there are commission fees on ECN accounts, typically around $7 per lot. Their STP account has wider spreads but no commission fees.
- ActivTrades offers competitive spreads, starting from 0.5 pips on major currency pairs like EUR/USD. There are no commissions on forex trades, and the broker charges low overnight swap fees, making it suitable for traders holding positions over the long term.
Verdict: For traders who prefer tight spreads, Doo Prime’s ECN account is ideal. However, if you prefer to avoid commissions, ActivTrades might be a better option.
6. Regulation and Security
Regulation is crucial for ensuring that your funds are safe and that the broker operates transparently.
- Doo Prime is regulated by FSC (Vanuatu) and FSA (Seychelles), which are offshore regulators. While this provides some security, it might not be as stringent as top-tier regulators.
- ActivTrades is regulated by the FCA in the UK, one of the most trusted regulatory bodies globally. Additionally, it is regulated by the CSSF in Luxembourg and SCB in the Bahamas, which adds extra layers of security.
Verdict: ActivTrades wins in terms of regulation and security, especially for traders who prefer to trade with brokers that have top-tier regulatory oversight.
7. Customer Support
Customer support is another vital factor, especially for new traders.
- Doo Prime offers 24/7 multilingual customer support, ensuring that traders from different regions get timely assistance. They also provide an extensive FAQ section and email support.
- ActivTrades provides 24/5 customer support via live chat, phone, and email. They also have a well-structured knowledge base with educational resources, making it a great choice for traders who value education.
Verdict: If round-the-clock support is important to you, Doo Prime may be the better option. ActivTrades, however, has more robust educational resources.
8. Conclusion: Which Broker is Right for You?
Both Doo Prime and ActivTrades offer excellent services, but your choice will depend on your trading needs.
- Choose Doo Prime if:
- You are a beginner looking for a lower minimum deposit.
- You prefer tight spreads and don’t mind paying commissions on trades.
- You value 24/7 customer support.
- Choose ActivTrades if:
- You prefer trading with a highly regulated broker.
- You want a broker with no commissions on most trades.
- You value having access to educational resources.
Both brokers cater to different types of traders, so it’s crucial to assess your trading style, goals, and budget before making a decision.
This comparison of Doo Prime vs ActivTrades aims to help you make a more informed choice. Make sure to weigh each feature based on your personal preferences to get the best trading experience.
Editorial Staff at Chweya is a team of financial experts led by Vincent Nyagaka, with over 9 years of experience in finance, commerce, forex, crypto, and marketing. Started in 2014, Chweya is now among the largest free financial resource sites in the industry and is often referred to as Wikipedia for business.