Why choosing the right account matters
Account type directly impacts your trading costs, available leverage, position sizing, execution model and the platforms or tools you can use. The “wrong” account can increase transaction costs (spreads + commissions), limit your strategy (e.g., scalping), or expose you to unwanted rollover fees. This guide helps you map your trading profile to the most appropriate Doo Prime account.
Quick overview: common Doo Prime account types
While Doo Prime's exact offering and names may vary by entity and region, most brokers in the same family present similar account categories:
Cent (Micro) Account
Low minimum deposit, trades in cents (micro lots). Ideal for beginners and strategy testing with real money. Typically wider spreads, no commission.
Standard / STP Account
Balanced account for most retail traders. Spreads often lower than cent accounts and may not carry per-lot commissions — good for swing traders and part-time traders.
ECN / Pro Account
Raw spreads (often from 0.0 pips) plus a per-lot commission. Suited for high-volume traders, scalpers and algorithmic strategies that prioritise minimal spread.
Islamic / Swap-Free Account
Swap-free variant for traders requiring Sharia-compliant terms. Overnight swaps are removed but the account may have alternative financing fees.
Side-by-side comparison (what matters)
| Feature | Cent | Standard/STP | ECN/Pro | Islamic |
|---|---|---|---|---|
| Typical min deposit | $1–$50 | $50–$100 | $100–$500 | Depends (often similar to Standard) |
| Spread model | Wider (built-in markup) | Lower than Cent | Raw (0.0+) | Variable (swap-free) |
| Commission | None | Usually none | Commission per lot | None / financing adjustments |
| Best for | Beginners, micro onboarding | Casual & swing traders | Scalpers, professional traders | Sharia-compliant traders |
| Leverage | High (region dependent) | High (region dependent) | High (region dependent) | High (region dependent) |
Note: actual numbers (min deposit, spreads, commission) can vary by Doo Prime legal entity and by promotion — always confirm in the account opening page.
Match account to your trading profile — quick quiz
Answer these and follow the recommendation:
- How much capital are you starting with? Under $100 → Cent or Standard. $500+ and active → consider ECN/Pro.
- What is your trading frequency? Few trades/week → Standard. 50+ trades/month or scalping → ECN.
- Is minimizing spread more important than commissions? If yes (you trade large volumes), ECN is likely better.
- Do you need swap-free terms? Choose Islamic variant if required.
Calculate true trading cost: Spread + Commission + Slippage
Don’t rely on headline spreads alone — your real cost per trade equals:
Total cost per trade = Spread value + Commission (if any) + Cost from slippage
Example (EUR/USD, 1 standard lot = 100,000 units):
- Spread = 0.2 pips → cost ≈ $2.0
- Commission = $7/lot round-turn → $7.0
- Slippage average per trade (depends on execution) = $1.0
Total ≈ $10 per round-turn. If a Standard account has higher spreads but no commission, compare the round-turn cost rather than just the spread.
Execution & servers: why it influences account choice
ECN accounts typically route orders straight to liquidity providers (LPs) with minimal re-pricing. For scalpers and EAs, access to deep liquidity and consistent fills matters more than marginally lower spreads. If your EA executes many small trades, ECN can lower total cost despite commissions.
Testing advice: use a VPS close to the broker’s server (if latency sensitive), run a 1–2 week live test and log execution times, slippage and fill rejections.
Leverage considerations
High leverage increases profit potential but magnifies losses. Doo Prime (like many brokers) may limit maximum leverage depending on regulation and account type. For beginners, lower effective leverage (or smaller position sizes) reduces the chance of a fast account blow-up.
- Scalpers can use higher leverage but must carefully manage margin and stop-loss rules.
- Swing traders often prefer moderate leverage to survive market swings.
Funding & withdrawal impact on account choice
Consider how you'll deposit and withdraw. Some accounts/promotions may be limited to certain funding methods or entities. If your preferred funding option (local bank, card, e-wallet or crypto) is limited to a specific entity, ensure the account you open supports that method.
Always test a small deposit and withdrawal before scaling up.
Step-by-step test plan (30 days)
- Open demo account for chosen account type (Cent/Standard/ECN).
- Run strategy over different sessions (Asian, London, New York) for 7–10 days — record spreads and fills.
- Open a small live account (minimum deposit); place 20–50 real trades across sessions.
- Log requested vs executed price, slippage, and any partial fills; test withdrawal of a small amount.
- Decide: if average round-trip cost meets your target and execution is reliable, increase capital gradually.
Which account should you pick? Quick recommendations
- Beginner with < $100: Cent account — minimal risk, micro lot sizing, low entry cost.
- Part-time / Swing trader with $100–$500: Standard/STP — balanced costs and simplicity.
- Active / Scalper / Algo trader with $500+: ECN/Pro — raw spreads + commission; test execution thoroughly.
- Religious/Swap concerns: Islamic/Swap-Free variants available — check terms for financing adjustments.
Common questions (short)
Can I change account type later?
Yes — most brokers let you change or open multiple account types within your client portal.
Is ECN always cheaper?
Not always. For small trade sizes, higher spreads on Standard accounts + zero commission could be cheaper. For high volume, ECN often wins.
Do cent accounts have the same execution?
Execution model may differ; cent accounts are mainly for micro trading and learning — expect slightly wider spreads and different risk protections.
Checklist before opening
- Confirm legal entity and regulation for your country.
- Check live spreads on the symbol you trade most.
- Review commission and fee schedule (deposit/withdrawal).
- Test execution (demo + small live trades).
- Test deposit & withdrawal flow for your preferred method.
- Contact support with a technical question to evaluate responsiveness.
Take action — test the account that matches you
Use the link below to register a demo or live account. Start with demo + a small live test following the 30-day test plan above.