Doo Prime is a foreign exchange broker founded in Vanuatu, mainly providing investors with securities, futures, foreign exchange, precious metals, commodities, stocks, indices trading services, the company's official website supports simplified Chinese, traditional Chinese, English, Spanish, Portuguese, Arabic, Thai, Japanese, Korean, Vietnamese as the language of use. In addition, Doo Prime's official website account registration page supports simplified Chinese, English, German, French, Spanish, Portuguese, Indonesian, Vietnamese, and Thai.
Company background:
According to Doo Prime's website, the company is incorporated in Vanuatu. A search on the Vanuatu Financial Services Commission (VFSC) website shows that the information that the public is incorporated in Vanuatu is true. Whois query of the website's domain name registration information shows that the company's official website domain name registration on December 21, 2017, the domain name registration time has been more than 5 years ago.
In addition, Doo Prime's official website shows that Doo Prime Limited is incorporated in the Cayman Islands, Elish & Elish Inc is incorporated in Texas, and Doo Clearing Limited is incorporated in the United Kingdom. Doo Financial Australia Limited and Doo Exchange AU Pty Ltd were incorporated in Australia, Doo Holding Group Limited and Doo Consulting Limited were incorporated in Hong Kong, Doo Prime Seychelles Limited was incorporated in Seychelles, Doo Financial Labuan Limited was incorporated in Malaysia and Doo Prime Mauritius Limited was incorporated in Mauritius.
Except that Doo Financial Labuan Limited is unable to query and verify registration information through the relevant website of the Malaysian Government. The Cayman Islands General Registry, the Texas Comptroller of public Accounts, the United Kingdom's Companies Registry House, the Australian Securities and Investments Commission (ASIC), the Hong Kong Companies Registry Integrated Information System (ICRIS), and the Mauritius Business and Business Registration Department (CBRD) showed that Doo Prime's official website showed that the registration information of the associated companies was genuine.
Account Registration:
Doo Prime offers investors a link to sign up for a real account, according to the company's website. To Register a real account, click "Login" at the upper right corner of the Doo Prime official website to enter the account login page. Select "Register now" on the account login page to enter the account registration page, and select or fill in the information such as name, country, Email, telephone number, and password as required to complete the real account registration. Doo Prime official website account registration page support simplified Chinese, English, German, French, Spanish, Portuguese, Indonesian, Vietnamese, Thai. However, the Doo Prime website does not provide a link to sign up for a demo account.
Account Type:
According to Doo Prime's website, the company offers investors three types of trading accounts: CENT Account, STP Account and ECN Account. In addition, the Doo Prime website also provides the differences between these four accounts in terms of trading products, minimum deposit amount, commission, spread, maximum single trade volume, forced closing ratio, demo account, and more.
Trading Products:
Doo Prime website information shows that the company provides investors with securities, futures, foreign exchange, precious metals, commodities, stocks, indexes trading services. In addition, the Doo Prime website also provides specific trading products covered by securities, futures, Forex, precious metals, commodities, stocks, indices, overnight interest for specific trading products, and comparisons between Doo Prime's offering of securities, futures, Forex, precious metals, commodities, stocks, index assets and similar assets in other channels.
Margin ratio:
Doo Prime not only shows on its official website that it provides investors with a maximum margin (leverage) ratio of 1:1000, but also provides margin (leverage) ratio information for securities, futures, foreign exchange, precious metals, commodities, stocks, and specific trading products covered by indexes in the transactions on the official website homepage.
Trading Hours:
Doo Prime provides trading hours information for specific trading products covered by securities, futures, Forex, precious metals, commodities, stocks and indices in the "Contract Specifications" of the official website.
Deposits and Withdrawals:
Doo Prime's official website shows that the company provides investors with deposit and withdrawal channels and methods, including local banks, e-wallets such as Epay, Fasapay, HWGC, credit cards such as VISA, Mastercard, UnionPay, international wire transfers, etc. In addition, the Doo Prime website also provides information on the different deposit and withdrawal channels and methods supported by the deposit and withdrawal currencies, as well as deposit and withdrawal fees and times.
Trading Software:
Doo Prime website information shows that the company provides investors with MetaTrader4 (MT4), MetaTrader5 (MT5), Doo Prime In Trade three types of trading software, Doo Prime's MT4, MT5, and Doo Prime In Trade software are available for PC (Winodws/MacOS), Web, and mobile (IOS/Android). However, the Android version of MT4, MT5 and Doo Prime In Trade software cannot be downloaded or installed slowly in some countries or regions.
Other services:
Doo Prime website information shows that the company provides investors with TradingView, FIX API, community trading, TradingCentrl, VPS and other services. Among them, TradingView is an analysis software launched in 2011, which covers multiple asset classes and supports a variety of analysis methods and technical indicators. FIX API and VPS can help investors quickly access financial markets and reduce or avoid trading risks caused by network issues. Community trading allows investors to use or copy the trading strategies or investment methods of others. TradingCentrl is a service provider specializing in investment research and technical analysis of financial markets for the world's top investment banks, hedge funds, desk traders and brokers.
Regulatory information:
Doo Prime is regulated or authorised by the Vanuatu Financial Services Commission (VFSC). A search on the Vanuatu Financial Services Commission (VFSC) website showed that the regulatory or authorisation information was genuine.
In addition, Doo Prime's website shows that its affiliates Elish & Elish Inc are regulated by the Financial Industry Regulatory Authority (FINRA) in the United States, Doo Clearing Limited is regulated by the Financial Conduct Authority (FCA) in the United Kingdom and Doo Financial Australia Limited by the Australian Securities and Investments Commission (ASIC), Doo Exchange AU Pty Ltd by the Australian Transaction Reports and Analysis Centre (AUSTRAC), Doo Holding Group Limited by the Hong Kong Customs and Excise Department, Doo Consulting Limited by Hong Kong Companies Registry, Doo Prime Seychelles Limited by Seychelles Financial Services Authority (FSA), Doo Financial Labuan Limited by Labuan Financial Services Authority (Labuan FSA), Doo Prime Mauritius Limited is regulated or authorised by the Mauritius Financial Services Commission (FSC). The query results show that Doo Prime's official website shows that the regulatory or authorization information obtained by affiliated enterprises from the above regulatory agencies is true.
Summary:
Doo Prime is a normal broker. On the one hand, the Doo Prime website provides detailed information on account types, trading products, deposits and withdrawals, and trading software. On the other hand, a query on the Vanuatu Financial Services Commission (VFSC) website showed that the information that the public registration was established in Vanuatu was true. In addition, except for Doo Financial Labuan Limited's inability to query and verify the registration information through the relevant websites of the Malaysian government, Doo Prime's official website shows that the registration information of affiliated enterprises is true.
More importantly, the results of the inquiry showed that the regulatory or authorization information obtained by the company and its affiliates from the regulatory authorities in Vanuatu, the United States, the United Kingdom, Australia, Hong Kong, Seychelles, Labuan, Malaysia and Mauritius was true. Judging by this, Doo Prime is a normal broker. TraderKnows reminds you, please pay attention to your property safety, to avoid falling into the fraud trap.
