Doo Prime

Doo Prime broker , which recently rebranded as D Prime, was founded in 2014 in Hong Kong and is the brokerage arm of a larger financial group called Doo Group. With Persian-language support, a cent account and high leverage, this broker is familiar to some Iranian traders, but it also attracts a lot of complaints. In this overview, we review Doo Prime's licenses, accounts, platforms and risks based on Teagle's data.

What kind of broker is Doo Prime?

According to Teagle's data, Doo Prime has 12 years of history and is part of Doo Group, a group active in brokerage, wealth management, fintech and even real estate. This means Doo Prime is not an independent entity and draws part of its credibility from its parent company. The broker has become better known through its sponsorship deal with Manchester United as the club's "Official Online Trading Platform Partner", and it claims to serve more than 2,000,000 clients in over 190 countries, with offices in Dallas, Sydney, Singapore, Hong Kong and Dubai. According to its list of features, more than 10,000 trading instruments are also available to clients.

Doo Prime's licenses and credibility

Based on Teagle's latest review, Doo Prime holds two active licenses:

• VFSC Vanuatu (Vanuatu Financial Services Commission, No. 700238);
• FSC (Financial Services Commission, No. C119023907).

Both licenses are offshore and in the weak oversight tier, and Teagle's expert has also rated this broker's regulation as weak. Such licenses offer limited protection to clients in withdrawal disputes. To understand the difference, read the article What are offshore and onshore brokers .

Does Doo Prime serve Iranians?

Yes. According to Teagle's data, D Prime offers Persian-language support to Persian-speaking users, including Iranians, via the website's live chat and the official Telegram ID ‎@Dooprime_Iranian. Accessing the website from Iran requires changing your IP. Even so, Teagle's expert does not recommend this broker for traders based in Iran; its IB-based model and specific complaints from Iranian users online have created a high-risk environment for this group. Each person is also allowed to create only one user profile.

Doo Prime trading accounts

Doo Prime has three floating-spread accounts, all of which have an Islamic version and are listed as commission-free in Teagle's table:

• Cent account: minimum deposit of $5, spreads from 1 pip, and access to forex, precious metals and commodities.
• STP account: minimum deposit of $100, spreads from 1 pip, and access to forex, stocks, metals, commodities, indices and crypto.
• ECN account: minimum deposit of $100 and spreads from 0.0 pips, with the same range of symbols.

Maximum leverage on all accounts is 1:1000 and the stop-out level is 30%. Teagle's expert considers the ECN account's commission structure unclear, so ask support about the real cost before opening this account. If you are starting with little capital, see the article Best brokers for cent accounts , and for swap-free conditions, the article Doo Prime Islamic account . Leverage of 1:1000 is also dangerous for beginners.

Doo Prime platforms and services

Trading at Doo Prime is available on MetaTrader 4, MetaTrader 5, the D Prime InTrade app, TradingView and FIX API 4.4; the cent account does not have access to TradingView. Additional services are also extensive: copy trading, social trading, PAMM, MAM, cashback, rebates, bonuses, VPS, trading API, referral rewards, education, an economic calendar and a glossary. Scalping, hedging and the use of expert advisors are also allowed. Brokers' active bonuses are updated on the broker bonuses page .

Deposits and withdrawals at Doo Prime

In Teagle's payment table, the listed method is crypto: minimum deposit of $10, instant and fee-free deposits, and withdrawals with fees of up to $5 and a processing time of one business day. However, this broker's biggest risk lies precisely in this area; Teagle's expert has reported widespread complaints about delays and failures in processing withdrawals.

Doo Prime's rating and risk on Teagle

Doo Prime's final rating on Teagle is 2.09 out of 5, calculated as the average of four sources: Trustpilot 2.6, Teagle's expert 2.2, WikiFX 2.04 and Forex Peace Army 1.5. No reviews from Teagle users have been submitted yet. The Teagle Eye risk index for this broker is 53 out of 100, in the "medium risk" category; its 12-year history has kept it down, while offshore licenses and low reputation scores have pushed it up.

Pros and cons of Doo Prime

• Pro: a variety of platforms, including TradingView and FIX API
• Pro: a cent account with a $5 minimum deposit and an Islamic account
• Pro: Persian-language support and a range of additional services
• Con: widespread reports of withdrawal delays and problems
• Con: two offshore licenses and an unclear cost structure on the ECN account
• Con: inconsistent support on financial issues and complaints from Iranian users

Who is Doo Prime suitable for?

According to Teagle's expert, Doo Prime may suit someone who wants to test leveraged strategies only with capital they are prepared to lose. It is not recommended for those who value transparency, professional execution and withdrawal security, and especially not for traders based in Iran. Before deciding, weigh Doo Prime in the Doo Prime vs VT Markets comparison and also get to know the concept of B-Book and A-Book brokers .

Conclusion

Doo Prime is attractive in terms of platforms and range of instruments, but its offshore licenses and serious reports about withdrawals raise its risk, especially for Iranian users. If you still intend to use it, start with only a small amount, make a test withdrawal before anything else, and follow the latest warnings on the investment risk warning page .