Selecting a forex broker is vital if you are a forex trader. Therefore, you must consider key features such as fees, platform options, customer support, and regulatory security. Doo Prime and Exness are some of the popular brokers.
In this article, we’ll provide a breakdown of the differences between these two brokers, with a focus on how each can cater to your unique trading needs. Our goal is to empower you to make an informed decision that aligns with your personal trading style and goals.
Below is a user-friendly comparison table that quickly highlights the key differences between Doo Prime and Exness. This will assist you in quickly grasping the features of each broker and feeling at ease with the information presented.
| Feature | Doo Prime | Exness |
|---|---|---|
| Regulation | SC, FSA | FCA, CySEC, FSCA |
| Trading Platforms | MT4, MT5, TradingView, FIX API | MT4, MT5, Exness Trader App |
| Spreads | From 0.1 pips | From 0.0 pips (Raw Account) |
| Commissions | $3 per side per lot | $3.50 per side per lot (Raw) |
| Leverage | Up to 1:1000 | Up to 1:2000 |
| Deposit & Withdrawal | Bank transfers, e-wallets | Bank transfers, crypto, e-wallets |
| Withdrawal Speed | 1-2 business days | Instant (via e-wallets/crypto) |
| Customer Support | 24/5 support | 24/7 multilingual support |
| Best for | Platform variety and tools | Low spreads, fast withdrawals |
We have broken down this comparison into different categories:
Overview of Doo Prime and Exness
Doo Prime is a global financial services provider offering online trading in forex, CFDs, stocks, futures, and cryptocurrencies.
Its solid reputation gives traders access to multiple trading platforms and tools.
Exness is a long-established forex and CFD broker known for its low spreads, high leverage, fast execution, and vast liquidity.The broker also allows trading in multiple asset classes, including forex, commodities, and cryptocurrencies.
Regulation and Security
When selecting a broker, the regulatory status and security measures should be your top concerns. Let’s delve into how Doo Prime and Exness fare in this crucial aspect.
- Doo Prime: It is regulated by several top-tier financial authorities, including the Securities Commission of Malaysia (SC) and the Financial Services Authority (FSA) of Seychelles. These regulatory bodies ensure that Doo Prime adheres to strict financial standards, giving traders peace of mind when it comes to fund security.
- Exness: Exness is also highly regulated by multiple respected financial regulators, including the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC). These licenses ensure that Exness follows customer protection and financial transparency practices.
Winner: Both brokers offer solid regulation, but Exness has an edge due to its FCA regulation. The Financial Conduct Authority (FCA) is a well-respected regulatory body in the UK, known for its stringent regulatory standards, making it a gold standard in the forex industry.Trading Platforms
Trading Platforms
The choice of a trading platform is a pivotal decision that can significantly shape your trading experience. Both Doo Prime and Exness offer popular platforms, but there are some key differences to consider.
- Doo Prime: It offers Metatrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are widely used in the forex, stock, and crypto industry. Additionally, Doo Prime provides access to TradingView and FIX API, making it a versatile broker for both beginner and advanced traders.
- Exness: Similarly, Exness offers MT4 and MT5. It also provides its proprietary Exness Trader mobile app, known for its user-friendly interface and functionality.
Winner: While both brokers offer MT4 and MT5, Exness takes the lead for mobile traders with its advanced Exness Trader app.
Fees and Spreads
Fees can significantly impact your profitability, so let’s examine how Doo Prime and Exness compare in terms of spreads and trading fees.
- Doo Prime: Offers competitive spreads, starting from 0.1 pips on major currency pairs. The broker charges a commission of $3 per side per lot on standard accounts. Depending on the account type, fees may vary, but overall, Doo Prime is known for keeping costs relatively low.
- Exness: Exness offers spreads as low as 0.0 pips on its raw spread accounts, which offer the lowest possible spreads with a commission of $3.50 per side per lot. For standard accounts, spreads start from 0.3 pips with no commission.
Winner: Both brokers offer low fees, but Exness edges out Doo Prime with its zero-pip spread option on raw accounts.
Account Types and Leverage
Traders have diverse needs when it comes to account types and leverage options. Both Doo Prime and Exness understand this and offer a range of account types and flexible leverage options, ensuring you can trade in a way that suits your risk appetite and trading style and feel accommodated in your choices.
- Doo Prime: Offers a range of account types, including ECN accounts, STP accounts, and Islamic accounts, for traders who prefer swap-free trading. Leverage options go up to 1:1000, which can be attractive to high-risk traders.
- Exness: It also provides multiple account types, such as Standard, Pro, and Zero accounts. The leverage is even more flexible, going as high as 1:2000 for certain account types.
Winner: Exness wins this round, especially for traders seeking higher leverage options.
Deposit and Withdrawal Options
Getting a broker with a smooth deposit and withdrawal process is essential for a good trading experience for a trader.
- Doo Prime: Supports several deposit methods, including bank transfers, credit cards, and e-wallets like Skrill and Neteller. Withdrawals are generally processed within 1-2 business days.
- Exness: Exness offers various payment options, including cryptocurrency, which adds extra flexibility for traders. Withdrawals with Exness are often instant, especially for e-wallets and cryptocurrencies, making it a top choice for traders who value fast access to their funds.
Winner: Exness wins in this category because it offers more payment options and faster withdrawals.
Customer Support
Both brokers offer customer support, but how do they compare regarding quality and availability?
- Doo Prime: Provides customer service through live chat, email, and phone. Support is available 24/5, covering the main trading hours during the week.
- Exness: Offers 24/7 customer support, a significant advantage for traders in different time zones. Support is available in multiple languages, making it a globally friendly option.
Winner: Exness stands out with its round-the-clock customer service.
Final Verdict: Doo Prime vs Exness
When comparing Doo Prime vs Exness, both brokers have their strengths. Doo Prime is a solid option for traders who want access to multiple platforms and solid regulation. It also has competitive spreads and a good variety of account types.
However, Exness edges ahead in several key areas, such as faster withdrawals, higher leverage, and better customer support. If you’re looking for more flexible trading conditions and quicker access to your funds, Exness might be your better option.
Ultimately, your choice of broker will depend on your specific trading preferences and priorities. We recommend trying demo accounts with both brokers to see which fits your trading style best.
By using this detailed comparison, we hope you now have a clearer understanding of the differences between Doo Prime and Exness. Make sure to assess your own trading goals before making a decision, and always trade responsibly.
FAQs: Doo Prime vs. Exness
Exness offers raw spreads starting at 0.0 pips, while Doo Prime starts at 0.1 pips, making Exness slightly better for low-spread trading.
Both brokers are suitable for beginners, but Exness offers a more user-friendly mobile app, which might be more accessible for new traders.
Exness offers up to 1:2000 leverage, whereas Doo Prime offers up to 1:1000.
Exness is known for instant withdrawals, primarily via e-wallets and cryptocurrency.
We hope this article helped you compare Doo Prime vs. Exness and learn their pros and cons. You may also want to see our article on easy-to-start online trading business and how to succeed in trading without spending too much money.
Vincent Nyagaka is a Professional Trader, Investor & Author who is considered ‘The Authority’ on Price Action Trading. His blog is read by over 200,000+ followers, and he has taught 25,000+ students since 2008. In 2016, Vincent won the Million Dollar Trader Competition. Check out Vincent’s Professional Trading Course here.