Doo Financial

Doo Financial

🟢 Tier 1 Regulated
7.9
/ 10
vs
IC Markets

IC Markets

🟢 Tier 1 Regulated
8.8
/ 10

Doo Financial vs IC Markets

A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.

Doo Financial and IC Markets are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. Doo Financial, founded in 2014 and headquartered in Dallas, USA, is regulated by FCA, CySEC, ASIC, FSA, SEC (USA) and offers spreads starting from 0.1 pips with a minimum deposit of $100. IC Markets, established in 2007 in Sydney, Australia, holds licenses from ASIC, CySEC, FSA with spreads from 0.0 pips and a $200 minimum deposit. In our hands-on testing across 8 scoring categories, IC Markets scored 8.8/10 overall compared to Doo Financial's 7.9/10, making it the stronger pick for most traders. That said, Doo Financial holds its own with overall value, so your ideal broker depends on what you prioritize in a trading partner.

Key Differences at a Glance

  • 📊

    IC Markets scores 8.8/10 overall vs 7.9/10 for Doo Financial — a 0.9-point difference.

  • 💵

    Doo Financial requires just $100 to start, while IC Markets needs $200 — Doo Financial is 2x more accessible.

  • 📈

    IC Markets offers 2,200+ instruments vs 500+ at Doo Financial — a massive gap in market coverage.

  • 🖥️

    Doo Financial runs on MT4, MT5, TradingView, Doo Prime App, while IC Markets uses MT4, MT5, cTrader — different ecosystems for different trading styles.

  • The biggest gap is in Trading Costs: IC Markets scores 9.5 vs 8.0 for Doo Financial — a 1.5-point difference.

Our Verdict

Doo Financial

Doo Financial

Score: 7.9/10 · Wins 0 categories
  • You prefer a low minimum deposit ($100)
  • You prefer Doo Financial's trading environment overall
🏆 WINNER
IC Markets

IC Markets

Score: 8.8/10 · Wins 7 categories
  • You want lower spreads and trading fees
  • You need advanced trading platforms and tools
  • Top-tier regulation and fund safety are your priority
  • Responsive customer support matters to you

IC Markets takes the lead with an overall score of 8.8/10 compared to 7.9/10, winning in 7 out of 8 scoring categories. IC Markets stands out for lower trading costs and better trading platforms, while Doo Financial remains a solid alternative.

Detailed Verdict

After testing both brokers with real accounts, IC Markets comes out ahead with a 8.8/10 overall rating, winning 7 out of 8 categories. Its strongest area is Trading Costs where it scores 9.5/10. IC Markets holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. Doo Financial is not without merit — it scores 7.9/10 overall and excels in Platforms & Tools (8.5/10). For a complete breakdown, read our full IC Markets review and Doo Financial review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.

Score Breakdown

Doo Financial
IC Markets
Trading Costs
8.0 9.5

IC Markets wins by 1.5 points

Platforms & Tools
8.5 9.0

IC Markets wins by 0.5 points

Regulation & Trust
8.5 9.0

IC Markets wins by 0.5 points

Education
7.0 7.0
Customer Service
7.5 8.0

IC Markets wins by 0.5 points

Research & Analysis
7.0 7.5

IC Markets wins by 0.5 points

Deposit & Withdrawal
8.0 8.5

IC Markets wins by 0.5 points

Product Range
8.0 8.5

IC Markets wins by 0.5 points

Full Feature Comparison

Structured broker facts pulled from the shared broker dataset.
Feature
Overall Score
7.9/10
8.8/10
Min Deposit
Lower is better
$100
$200
Max Leverage
1:500
1:500
Spreads From
0.1 pips
0.0 pips
Platforms
MT4, MT5, TradingView, Doo Prime App
MT4, MT5, cTrader
Regulation
FCA, CySEC, ASIC, FSA, SEC (USA)
ASIC, CySEC, FSA
Founded
Older track record highlighted
2014
2007
Markets
500+
2,200+
Doo Financial: 0 IC Markets: 1
💰

Fees & Costs

🏅 Section Winner: IC Markets (8.0 vs 9.5)

When it comes to trading costs, IC Markets has the edge with a score of 9.5/10 versus 8/10 for Doo Financial. Doo Financial offers spreads starting from 0.1 pips, while IC Markets starts from 0.0 pips. The minimum deposit at Doo Financial is $100, compared to $200 at IC Markets. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.

Doo Financial
8.0
IC Markets
9.5
Doo Financial: 0 IC Markets: 2
🖥️

Trading Platforms

🏅 Section Winner: IC Markets (8.5 vs 9.0)

IC Markets scores 9/10 for platforms compared to 8.5/10 for Doo Financial. Doo Financial provides MT4, MT5, TradingView, Doo Prime App, while IC Markets offers MT4, MT5, cTrader. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.

Doo Financial
8.5
IC Markets
9.0
Doo Financial: 0 IC Markets: 3
🛡️

Regulation & Safety

🏅 Section Winner: IC Markets (8.5 vs 9.0)

Regulation is crucial for fund safety. Doo Financial is regulated by FCA, CySEC, ASIC, FSA, SEC (USA) (Tier 1), while IC Markets holds licenses from ASIC, CySEC, FSA (Tier 1). Doo Financial scores 8.5/10 and IC Markets scores 9/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.

Doo Financial
8.5
IC Markets
9.0
Doo Financial: 0 IC Markets: 3
📚

Education & Research

For learning resources, Doo Financial leads with 7/10 compared to 7/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. Doo Financial and IC Markets both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.

Doo Financial
7.0
IC Markets
7.0
Doo Financial: 0 IC Markets: 4
🎧

Customer Support

🏅 Section Winner: IC Markets (7.5 vs 8.0)

Doo Financial offers 24/7 Live Chat, Email, Phone and scores 7.5/10, while IC Markets provides 24/7 Live Chat, Email, Phone with a score of 8/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.

Doo Financial
7.5
IC Markets
8.0
Doo Financial: 0 IC Markets: 5
💳

Deposit & Withdrawal

🏅 Section Winner: IC Markets (8.0 vs 8.5)

Doo Financial scores 8/10 for deposits and withdrawals, while IC Markets scores 8.5/10. Doo Financial accepts Bank Transfer, Credit Card, Skrill, Neteller, Crypto, UnionPay, and IC Markets supports Bank Transfer, Credit Card, PayPal, Skrill, Neteller, UnionPay. Processing times, fees, and available currencies vary. Doo Financial requires a minimum deposit of $100 versus $200 for IC Markets. Always check withdrawal conditions and any potential fees before funding your account.

Doo Financial
8.0
IC Markets
8.5

Which Broker Is Right for You?

Doo Financial

Choose Doo Financial if you...

  • You prefer a low minimum deposit ($100)
  • You prefer Doo Financial's trading environment overall
Visit Doo Financial
IC Markets

Choose IC Markets if you...

  • You want lower spreads and trading fees
  • You need advanced trading platforms and tools
  • Top-tier regulation and fund safety are your priority
  • Responsive customer support matters to you
Visit IC Markets

🗳️ Which Broker Do You Prefer?

Cast your vote — see what other traders think

Frequently Asked Questions

Is Doo Financial better than IC Markets?

IC Markets scores higher overall (8.8/10 vs 7.9/10), winning 7 of 8 categories. However, Doo Financial remains competitive. The best choice depends on what matters most to your trading style.

Which has lower fees, Doo Financial or IC Markets?

IC Markets scores higher for trading costs. Doo Financial offers spreads from 0.1 pips with a $100 minimum deposit, while IC Markets starts from 0.0 pips with $200 minimum. Actual trading costs depend on your instrument, volume, and account type.

Is Doo Financial safe to trade with?

Doo Financial is regulated by FCA, CySEC, ASIC, FSA, SEC (USA) and scores 8.5/10 for regulation. IC Markets is regulated by ASIC, CySEC, FSA with a score of 9/10. Both hold recognized licenses, but verify the specific entity covering your region.

Which has better trading platforms, Doo Financial or IC Markets?

IC Markets scores 9/10 for platforms. Doo Financial offers MT4, MT5, TradingView, Doo Prime App, while IC Markets provides MT4, MT5, cTrader. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.

What's the minimum deposit for Doo Financial vs IC Markets?

Doo Financial requires a minimum deposit of $100, while IC Markets requires $200. Doo Financial has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.

Ready to Start Trading?

Open a free account with either broker and start trading today.

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