Need a forex broker with lots of trading choices? This Doo Prime Forex Broker Review looks at a platform that lets you trade more than 10,000 assets in six different classes.
This Chinese-owned broker started in 2014 and runs under Mauritius and Vanuatu regulations. The platform's speed is impressive - it completes 99.5% of trades in less than 50 milliseconds. At the time you check out dooprime as your next forex prime broker, you'll see super-low spreads from 0.0 pips and leverage up to 1:1000. The platform also welcomes traders with a modest $100 minimum deposit [-4], making it available to most people.
This detailed review will help you decide if Doo Prime lives up to its claims as a modern global broker. We'll dig into their hidden fees, check how safe they are with multiple regulators like FCA and ASIC, and see if their prime brokers really handle trades as quickly as they say.
What Is Doo Prime and Who Should Use It?
Doo Prime, a 9-year old subsidiary of Doo Group, has its headquarters in London, UK. This multi-asset broker has grown faster than expected and now serves more than 2,000,000 traders worldwide with over 1,000,000 live trading accounts. The company's success comes from its focus on technology and offering trading opportunities in a variety of asset classes.
Broker background and global presence
A decade of financial market experience stands behind Doo Prime. The broker has built a resilient infrastructure through offices in key financial centers worldwide:
- Asia-Pacific: Hong Kong, Singapore, Malaysia (Kuala Lumpur & Labuan), Taiwan (Taichung), Vietnam (Ho Chi Minh)
- Americas: United States (Fort Worth, Texas)
- Middle East: United Arab Emirates (Ras Al Khaimah)
- Oceania: Australia (Sydney)
- Africa: Seychelles (Victoria, Mahe), Mauritius (Cybercity, Ebene)
- Europe: Various support centers
This network lets Doo Prime offer support in multiple languages to meet its clients' needs. The numbers speak for themselves - monthly trading volumes exceed 99 billion USD, and trades execute in just 176 milliseconds. This shows the broker's technological strength.
Target audience: beginners vs pros
Doo Prime creates solutions for traders of all skill levels. New traders can start with a Cent account that needs just $100 as minimum deposit. This account helps them practice with smaller volumes while they learn new strategies.
The Standard STP account attracts intermediate traders with its $100 minimum deposit requirement. It offers a good mix of competitive spreads and simple fees.
Professional and institutional traders prefer the ECN account that gives direct market access. Advanced traders love Doo Prime's range of over 10,000 tradable instruments, multiple platforms (MT4, MT5, InTrade, and TradingView), and leverage up to 1:1000.
The broker also offers PAMM, MAM, and copy trading services to support both active and passive traders. But new traders should think over the risks of high leverage and potential support limitations before they start trading.
Supported countries and restrictions
Doo Prime follows strict international regulations that limit its services in certain countries. The broker cannot serve individuals or companies from these locations:
Afghanistan, Canada, Central African Republic, Congo (Kinshasa), Cuba, Cyprus, Hong Kong, Indonesia, Iran, Iraq, Libya, Malaysia, Mali, Nicaragua, North Korea, Russia, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Syria, United Arab Emirates, United States, Venezuela, and Yemen.
Traders should check if they can open an account based on their location. These limits exist because of international sanctions, local rules, and the broker's risk management policies. This matters most to traders who live in areas with complex regulations.
Account Types and Minimum Deposit Requirements
Doo Prime gives traders three different account types that match their trading style and experience. Each option comes with its own features, deposit requirements, and trading conditions to fit what traders need.
Cent, STP, and ECN account comparison
Doo Prime uses a tiered system for its accounts, and each type works best for different trading approaches.
The Cent Account is perfect for newcomers and traders who like working with smaller volumes. You get market execution with spreads that start at 1.5 pips. This account lets you trade forex, precious metals, and commodities. You can trade up to 1000 lots, which gives you room to grow as your trading skills improve.
The STP Account (Straight-Through Processing) is a step up and works great for intermediate traders. The spreads start at 1.2 pips with market execution. This account gives you more options than the Cent Account - you can trade securities, futures, currencies, metals, commodities, and stock indices. You can trade up to 100 lots, which works well for most retail traders.
The ECN Account (Electronic Communication Network) is built for experienced traders who want professional-level conditions. You get direct market access and the best spreads starting at just 0.2 pips. There's a commission of USD 3.00 per lot per side, but you'll get better execution and possibly lower total costs if you trade a lot. You can trade the same things as the STP Account but with better conditions.
These accounts share some key features:
- Market execution order processing
- Support for MT4, MT5, Doo Prime InTrade, and TradingView platforms
- Maximum leverage of up to 1:1000
- Stop out level of 30%
- Support for Expert Advisors and hedging positions
Minimum deposit by account type
There's been some confusion about how much you need to deposit to open an account with Doo Prime. Here's what the official website says:
The Cent Account needs just $5 USD to start. This makes it easy for beginners to try trading without risking much money. Some sources used to say you needed $100 USC, but the official site confirms it's just $5.
The STP Account also starts at $5 USD, though older sources listed it at $100 USD. This is one of the best deals you'll find among similar brokers.
The ECN Account asks for $100 USD to start. This is much lower than the $5000 USD that some sources mentioned before, which means more traders can now access professional trading conditions.
