If you’re a forex trader looking to open an account, choosing the right broker is one of the most important decisions you’ll make. With many options available, two brokers that often stand out are IC Markets and Doo Prime. Both offer access to global markets, competitive trading conditions, and powerful platforms.
But which one is better suited for your trading style and goals?
In this detailed comparison of IC Markets vs Doo Prime, we break down their key features including trading platforms, spreads, fees, regulation, customer support, and more. Whether you’re a beginner or a professional trader, this guide will help you make an informed decision.
Broker Overview
| Feature | IC Markets | Doo Prime |
| Regulation | ASIC, CySEC, FSA | FSC Mauritius, Vanuatu VFSC |
| Minimum Deposit | $200 | $100 |
| Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader | MetaTrader 4, MetaTrader 5 |
| Spreads (EUR/USD) | From 0.0 pips | From 0.1 pips |
| Commission (per lot) | $3.5 per side | $2-3 per side depending on account |
| Leverage | Up to 1:500 | Up to 1:1000 |
| Deposit & Withdrawals | Bank, Skrill, Neteller, PayPal | Bank, Crypto, Skrill, Neteller |
| Copy Trading | Yes (via MT4/MT5 tools) | Yes (via Multi-Account Manager) |
| Islamic Account | Yes | Yes |
| Customer Support | 24/7 Live Chat | 24/5 Live Chat & Email |
Regulation and Trustworthiness
IC Markets is regulated by top-tier authorities like the Australian Securities and Investments Commission (ASIC) and CySEC, making it a trusted name in the industry.
Doo Prime, on the other hand, is licensed by the Financial Services Commission of Mauritius and Vanuatu Financial Services Commission. While these are recognized bodies, they are considered tier-2 or tier-3 regulators, offering less stringent protection than ASIC.
Verdict: IC Markets is more trusted due to stronger regulatory oversight.
Trading Platforms
IC Markets provides access to MetaTrader 4, MetaTrader 5, and cTrader. These platforms are known for their fast execution, algorithmic trading support, and advanced charting.
Doo Prime offers MetaTrader 4 and 5, both reliable and suitable for most retail traders. However, they don’t provide cTrader, which may be a limitation for some users.
Verdict: IC Markets wins for offering more platform options including cTrader.
Account Types and Minimum Deposit
IC Markets offers Standard, Raw Spread, and Islamic accounts. The minimum deposit is $200.
Doo Prime provides a wider range of account types, including ECN and MAM accounts, with a lower minimum deposit of $100. This makes it more accessible for new traders.
Verdict: Doo Prime is more beginner-friendly due to lower capital requirements.
Spreads and Commissions
IC Markets offers spreads from 0.0 pips on Raw accounts with a commission of $3.5 per side, making it highly competitive.
Doo Prime provides spreads from 0.1 pips and commissions from $2 to $3 depending on the account type.
Verdict: It’s a tie. IC Markets has tighter spreads while Doo Prime may offer lower commissions.
Leverage
IC Markets offers maximum leverage of 1:500 which suits most retail traders.
Doo Prime gives up to 1:1000 leverage—ideal for aggressive strategies but risky for beginners.
Verdict: Doo Prime offers higher leverage but with increased risk. Choose based on your risk tolerance.
Deposit and Withdrawal Options
IC Markets supports various methods: bank wire, PayPal, Skrill, Neteller, and credit/debit cards. Withdrawals are usually processed within 24 hours.
Doo Prime allows deposits via bank transfer, crypto (USDT), Skrill, and Neteller. Processing times may vary depending on the method.
Verdict: IC Markets wins with more payment flexibility and faster processing.
Copy Trading & Social Trading
IC Markets supports copy trading via MetaTrader’s built-in tools and integrations like ZuluTrade and Myfxbook.
Doo Prime also allows copy trading using MAM (Multi-Account Manager) tools.
Verdict: Both brokers support copy trading. IC Markets has more third-party integrations.
Educational Resources
IC Markets provides a rich library of webinars, trading tutorials, and market analysis.
Doo Prime has basic resources and a blog, but it’s not as comprehensive.
Verdict: IC Markets leads in trader education.
Customer Support
IC Markets offers 24/7 live chat support and is known for quick response times.
Doo Prime provides live chat and email support from Monday to Friday.
Verdict: IC Markets offers better support with 24/7 availability.
Final Verdict: IC Markets vs Doo Prime
So, which broker should you choose?
- Choose IC Markets if you value tight spreads, multiple trading platforms (especially cTrader), strong regulation, and excellent support.
- Choose Doo Prime if you’re a beginner looking for a low deposit requirement and high leverage potential.
Overall, IC Markets comes out on top for most traders due to its well-rounded features and global trust.
FAQs: IC Markets vs Doo Prime
1. Is IC Markets better than Doo Prime?
Yes, especially for experienced traders who value regulation and trading tools.
2. Does Doo Prime offer better leverage?
Yes, up to 1:1000, but it also increases your risk.
3. Which broker has lower fees?
Both are competitive, but IC Markets often has tighter spreads.
4. Can I use copy trading with both brokers?
Yes, both support copy trading through different tools.
5. Which broker is better for beginners?
Doo Prime is more accessible due to its $100 minimum deposit.
Conclusion When comparing IC Markets vs Doo Prime, both brokers offer strong features, but IC Markets stands out in regulation, support, and overall reputation. Make your decision based on your trading experience, capital, and platform preference.
