Doo Prime is a multi-asset brokerage firm that is owned and operated by the reputable Doo Holding Group Limited. The broker offers forex, metals, futures, CFDs, and other financial instruments for trading on the MT4 and MT5 trading platforms. They are based in Vanuatu but have offices in London, Taipei, Kuala Lumpur, Bahamas. The broker provides a selection of trading and learning tools to ensure a hitch-free trading process, while there is a customer support team to assist traders. The minimum deposit requirement to operate a live trading account is $100, while the maximum leverage is capped at 1:400. Over the years, the broker has won several industry awards, such as the Best Service Provider 2017 and Best MT5 Provider 2017, amongst others.
Doo Prime Review Introduction
In this Doo Prime review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Doo Prime.
Doo Prime Platforms & Tools
Traders are provided with the sophisticated MT4 and MT5 trading platforms. Both platforms were developed by the Russian software company, MetaQuotes. The MT4 trading platform is a fully customisable platform that allows you to trade how you want. The platform is widely used by most forex and CFD traders as it is simple enough for beginner traders to navigate and also has advanced tools that experienced traders want. It features management tools, graphic applications, and expert advisors for the automation of trades.
The MT5 trading platform has all the basic features of the MT4 but with ad extended functionalities. Both the MT4 and MT5 trading platforms are available in the desktop, web, and mobile versions.
There are several trading tools on the broker’s website that traders can use to improve their trading outcomes. They include Market Watch, Fix API, VPS, Trading Signals, and more.
Doo Prime Research & Education
Traders benefit from some educational resources that keep them in the know on the factors that control the financial markets. They include news, press releases, trading blogs, and more.
Doo Prime Trading Accounts
Clients have the option of two live trading accounts and a single demo account. The live accounts are Quantum Account (ECN) and Classic Account (STP). The minimum deposit required to operate an account is $100 with zero commissions and leverage of up to 1:400.
Doo Prime Account Funding
Bank transfer is the only available payment method at Doo Prime for both account deposits and withdrawals.
Doo Prime Customer Service
The broker provides traders with a knowledgeable client support team that is always available to respond to their general, technical, account-based inquiries through telephone, Live Chat, and call back request form.
Doo Prime Regulation
Doo Prime Vanuatu Limited is a licensed financial dealer that is authorized and regulated by the Vanuatu financial services Commission. The license number is 700238.
Doo Prime Review Summary
Doo Prime is a regulated brokerage firm that has been in operation in Vanuatu since 2016. They provide traders with the MT4 and MT5 trading platforms for trading multiple financial assets. The broker operates the STP/ECN execution model and offers favourable trading conditions. There is a selection of educational resources and trading tools on the broker’s website. Trading accounts can be opened with a minimum deposit of $100.
It is worth mentioning that some of the trading products and services in this Doo Prime review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Doo Prime broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.