D prime

Doo Prime, operating under the domain doo.com, is a retail forex and CFD broker established in 2014 as part of the Doo Group, an international financial services group headquartered in Singapore. The broker focuses on providing multi-asset trading services, including forex, commodities, indices, stocks, and futures, to retail and institutional clients worldwide. Its registered office in Singapore is located at 1 Temasek Avenue, #24 – 01A, Millenia Tower, Singapore 039192.

Despite its relatively recent founding, Doo Prime has expanded rapidly, claiming over 400,000 global clients. The broker positions itself as a one-stop investment platform, leveraging technology to offer a range of account types and trading tools. However, traders should verify regulatory details carefully, as the group holds multiple licenses across different jurisdictions.

Doo Prime reports holding regulatory licenses from three authorities: the Cyprus Securities and Exchange Commission (CySEC) with a Market Making (MM) license, the Australian Securities and Investments Commission (ASIC) with Derivatives Trading licenses (STP), and the Vanuatu Financial Services Commission (VFSC) with a Forex Trading license under offshore regulation. The CySEC license is particularly notable as it provides a level of client protection under EU MiFID regulations, including negative balance protection and access to the Investor Compensation Fund (ICF).

The ASIC license, being an STP (Straight Through Processing) license, indicates the broker passes client orders directly to liquidity providers, which can reduce conflicts of interest. However, the VFSC license is considered an offshore regulation, offering less stringent oversight. The broker also claims additional licenses from US regulators (SEC, FINRA, FinCEN), though these may be held by other group entities. In FXCanary's assessment, the mixture of top-tier and offshore regulation presents a nuanced risk profile, with the CySEC and ASIC licenses adding credibility.

Doo Prime offers three account types: STP Account (minimum deposit $100), CENT Account (minimum deposit 100 cents), and ECN Account (minimum deposit $5,000). The STP and CENT accounts are suitable for small to medium-sized traders, while the ECN account targets high-volume traders seeking raw spreads and direct market access. The broker does not disclose maximum leverage on its website, which may be a concern for traders comparing conditions.

All accounts provide access to the same range of instruments, but spread and commission structures likely differ. The CENT account is particularly interesting for beginners who want to trade with micro-lots. However, the high minimum for the ECN account may be prohibitive for some. The broker's account opening process is described as simple and online, with regional restrictions based on residency.

Doo Prime provides its proprietary InTrade platform alongside TradingView, which is known for its advanced charting and social trading features. The broker's website emphasizes a mobile-centric experience, allowing trading on the go. It also supports Expert Advisors (EAs) for automated trading, indicating compatibility with algorithmic strategies.

The availability of multiple platforms caters to different trader preferences: InTrade for a seamless proprietary experience, TradingView for technical analysis enthusiasts, and likely MetaTrader 4 or 5 (though not explicitly mentioned in the web results). The broker's focus on technology is evident in its fast account registration and intuitive trading data displays.

Doo Prime offers a broad spectrum of tradable instruments, including securities (U.S., Hong Kong, Australian, and A-share stocks), futures, forex, metals, commodities, stock indices, and funds. This multi-asset offering allows traders to diversify within a single account. The broker also provides access to over 500 top global funds for investors seeking stable growth.

For forex traders, the broker likely covers major, minor, and exotic pairs, though specific currency pairs are not listed. The inclusion of U.S. and Hong Kong stocks is a unique selling point, positioning Doo Prime as a bridge between traditional equities and leveraged trading. However, traders interested in cryptocurrency CFDs should check availability separately, as not all brokers offer them.

Doo Prime supports deposit and withdrawal methods common in the industry, though specific options are not detailed on the website. The broker offers 24/7 multilingual customer support via phone and email, with global contact numbers for Indonesia and Australia listed. The presence of a physical office in Singapore adds a layer of accessibility.

Account configuration requires selecting a region based on residency documents, which may affect available payment methods and regulatory protections. The broker's website is available in English and Chinese, reflecting its target Asian and global clientele.

Doo Prime caters to a diverse range of traders, from beginners using CENT accounts to professionals utilizing ECN accounts. The multi-asset platform appeals to investors who want to trade both leveraged products and traditional equities. Institutional clients may also find value in the group's clearing and wealth management services.

However, the offshore VFSC license may deter traders seeking strict regulatory oversight. The broker's low FXCanary Scam Risk Score of 23/100 indicates a low risk of scams, but traders should remain vigilant and perform their own due diligence, especially regarding fund segregation and negative balance protection.