Compare Deriv vs Forex.com
What is Deriv? What is Forex.com?
Deriv is an online broker that was founded in 1999 as Binary.com, one of the pioneers of binary options trading. In 2020, the broker rebranded to Deriv and expanded its product offerings to include forex, CFDs, synthetic indices and more. Deriv claims to offer a simple and flexible trading experience with innovative platforms, competitive pricing and reliable execution. Deriv is regulated by multiple authorities, such as the Malta Financial Services Authority (MFSA), the Vanuatu Financial Services Commission (VFSC), the British Virgin Islands Financial Services Commission (FSC) and the Labuan Financial Services Authority (LFSA).
Forex.com is an online broker that was founded in 2001 as part of the GAIN Capital Group, a global leader in online trading. Forex.com offers trading services in over 80 forex pairs, as well as CFDs on stocks, indices, commodities and cryptocurrencies. Forex.com claims to provide superior execution, transparent pricing and exceptional customer service. Forex.com is regulated by several reputable regulators, such as the US Commodity Futures Trading Commission (CFTC), the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) and the Investment Industry Regulatory Organization of Canada (IIROC).
Deriv vs Forex.com Overall Comparison
To compare Deriv and Forex.com in a nutshell, we can look at some of the key features and metrics of both brokers. Here is a table that summarizes some of the main differences and similarities between Deriv and Forex.com:
| Feature | Deriv | Forex.com |
|---|---|---|
| Regulation | MFSA, VFSC, FSC, LFSA | CFTC, FCA, ASIC, IIROC |
| Trading Assets | Forex, CFDs, Binary Options, Synthetic Indices | Forex, CFDs |
| Minimum Deposit | $5 | $100 |
| Maximum Leverage | 1:1000 | 1:50 |
| Spreads | From 0.9 pips | From 0.8 pips |
| Commissions | None | None |
| Account Types | Standard, MT5 Synthetic Indices | Standard, Commission |
| Trading Platforms | DTrader, DBot, DMT5, SmartTrader | Forex.com Web Trading Platform, MetaTrader 4/5 |
| Analytical Tools | TradingView Charts, SmartCharts | TradingView Charts |
| Educational Resources | Blog, Videos, E-books | Webinars, Videos, Articles |
As we can see from the table above, both brokers have their own advantages and disadvantages. Deriv offers more trading assets than Forex.com, including binary options and synthetic indices. Deriv also has a lower minimum deposit requirement and higher leverage than Forex.com. However, Forex.com has tighter spreads than Deriv and offers more regulatory protection for its clients. Forex.com also has a wider range of trading platforms than Deriv.
Deriv vs Forex.com Regulation Comparison
Deriv is regulated by four different authorities in different jurisdictions:
- The Malta Financial Services Authority (MFSA) regulates Deriv Investments (Europe) Limited
- The Vanuatu Financial Services Commission (VFSC) regulates Deriv (V) Ltd
- The British Virgin Islands Financial Services Commission (FSC) regulates Deriv (BVI) Ltd
- The Labuan Financial Services Authority (LFSA) regulates Deriv (FX) Ltd
Forex.com is regulated by four different authorities in major financial markets:
- The US Commodity Futures Trading Commission (CFTC) regulates GAIN Capital Group LLC
- The UK Financial Conduct Authority (FCA) regulates GAIN Capital UK Limited
- The Australian Securities and Investments Commission (ASIC) regulates GAIN Capital Australia Pty Limited
- The Investment Industry Regulatory Organization of Canada (IIROC) regulates GAIN Capital – Forex.com Canada Limited
Based on the regulation comparison, Forex.com has an edge over Deriv, as it is regulated by more reputable and stringent regulators in the US, UK, Australia and Canada. These regulators have higher standards of oversight and enforcement than the regulators of Deriv. Forex.com also offers more protection for its clients, as it is a member of the Financial Services Compensation Scheme (FSCS) in the UK, the Securities Investor Protection Corporation (SIPC) in the US and the Canadian Investor Protection Fund (CIPF) in Canada. These schemes can cover up to £85,000, $500,000 and $1 million respectively in case of broker default. Deriv does not offer any compensation scheme for its clients.
Deriv vs Forex.com Trading Assets Comparison
Deriv offers a wide range of trading assets, including:
- Forex: Over 50 currency pairs, including majors, minors and exotics
- CFDs: Contracts for difference on stocks, commodities, indices and cryptocurrencies
- Binary Options: Options contracts that pay a fixed amount if a certain condition is met
- Synthetic Indices: Artificially generated indices that mimic real market movements
Forex.com offers a narrower range of trading assets, including:
- Forex: Over 80 currency pairs, including majors, minors and exotics
- CFDs: Contracts for difference on stocks, commodities, indices and cryptocurrencies
Based on the trading assets comparison, Deriv has an advantage over Forex.com, as it offers more types and numbers of trading assets than Forex.com. Deriv also offers unique products that Forex.com does not offer, such as binary options and synthetic indices. These products may appeal to traders who are looking for more variety and flexibility in their trading.
Deriv vs Forex.com Trading Fees Comparison
Deriv does not charge any commissions for its trading services. Instead, it makes money from the spreads that it applies to its trading assets. Spreads are the differences between the bid and ask prices of an asset. Deriv offers variable spreads that depend on market conditions and liquidity. Deriv claims to offer competitive spreads that start from 0.9 pips for forex pairs.
Forex.com also does not charge any commissions for its trading services. It also makes money from the spreads that it applies to its trading assets. Forex.com offers variable spreads that depend on market conditions and liquidity. Forex.com claims to offer tight spreads that start from 0.8 pips for forex pairs.
Based on the trading fees comparison, Forex.com has a slight edge over Deriv, as it offers slightly lower spreads than Deriv for most of its trading assets. However, the difference in spreads may not be significant enough to make a big impact on the overall profitability of traders.
Deriv vs Forex.com Account Types Comparison
Deriv offers two main account types for its clients:
- Standard Account: This is the default account type that allows traders to access all of Deriv’s products and platforms with a minimum deposit of $5 and a maximum leverage of 1:1000.
- MT5 Synthetic Indices Account: This is a special account type that allows traders to trade synthetic indices on the MetaTrader 5 platform with a minimum deposit of $10 and a maximum leverage of 1:1000.
Forex.com offers two main account types for its clients:
- Standard Account: This is the default account type that allows traders to access all of Forex.com’s products and platforms with a minimum deposit of $100 and a maximum leverage of 1:50.
- Commission Account: This is a special account type that allows traders to trade forex pairs with lower spreads but higher commissions with a minimum deposit of $1000 and a maximum leverage of 1:50.
Based on the account types comparison, Deriv has an advantage over Forex.com, as it offers lower minimum deposit requirements and higher leverage levels than Forex.com. Deriv also offers more flexibility in choosing between different platforms and products with its standard account type.
Deriv vs Forex.com Trading Conditions Comparison
Deriv claims to offer fast and reliable execution with no requotes and minimal slippage. Deriv also offers a range of order types, such as market, limit, stop, take profit and stop loss orders. Deriv also allows traders to modify or cancel their orders at any time before execution.
Forex.com also claims to offer superior execution with no requotes and minimal slippage. Forex.com also offers a range of order types, such as market, limit, stop, take profit and stop loss orders. Forex.com also allows traders to modify or cancel their orders at any time before execution.
Based on the trading conditions comparison, Deriv and Forex.com are similar, as they both offer high-quality execution and order management for their clients. However, some traders may experience different trading conditions depending on their location, platform and market volatility.
Deriv vs Forex.com Deposit Options Comparison
Deriv offers a variety of deposit and withdrawal options for its clients, such as:
- Bank transfers: Wire transfers from local or international banks
- Credit cards: Visa and Mastercard
- E-wallets: Skrill, Neteller, FasaPay, Perfect Money, WebMoney and more
- Cryptocurrencies: Bitcoin, Ethereum, Litecoin and more
Forex.com also offers a variety of deposit and withdrawal options for its clients, such as:
- Bank transfers: Wire transfers from local or international banks
- Credit cards: Visa and Mastercard
- E-wallets: Skrill and Neteller
- Cryptocurrencies: Bitcoin
Based on the deposit and withdrawal options comparison, Deriv has an edge over Forex.com, as it offers more options than Forex.com. Deriv also supports more cryptocurrencies than Forex.com. However, both brokers may charge fees or have limits for some of their deposit and withdrawal methods.
Deriv vs Forex.com Trading Platforms Comparison
Trading platforms are one of the most important factors to consider when choosing a broker, as they are the interface between you and the market. Different platforms may offer different features, tools, markets, and products to suit different trading styles and preferences. Here is a comparison of Deriv and Forex.com’s trading platforms:
Deriv: Deriv offers five trading platforms: Deriv X, DTrader, DMT5, SmartTrader, and DBot. Each platform has its own advantages and disadvantages depending on what you are looking for. Deriv X is a user-friendly platform that allows trading CFDs and multipliers on various markets with features such as a Trading Journal. DTrader is a platform that allows trading synthetic products with payouts of 100%+ and customisable trade parameters. DMT5 is the MT5 platform that allows trading CFDs, multipliers, and synthetic products with advanced tools and indicators. SmartTrader is a platform that allows trading synthetic products with simple and intuitive charts. DBot is a platform that allows creating and running automated trading strategies without coding. Deriv’s platforms are web-based and downloadable, and are compatible with various devices and operating systems. Deriv also offers mobile apps for Android and iOS devices.
Forex.com: Forex.com offers four trading platforms: MT4, Advanced Trading Platform, Web Trader, and TradingView integration. Each platform has its own advantages and disadvantages depending on what you are looking for. MT4 is the popular platform that allows trading forex and CFDs with customisable charts, indicators, and expert advisors. Advanced Trading Platform is Forex.com’s proprietary platform that allows trading forex and CFDs with advanced tools such as Trading Central, SMART Signals, strategy builders, and performance analytics. Web Trader is a web-based platform that allows trading forex and CFDs with user-friendly features such as integrated news feed, market analysis, and risk management tools. TradingView integration allows accessing TradingView’s charts and tools directly from Forex.com’s website. Forex.com’s platforms are web-based and downloadable, and are compatible with various devices and operating systems. Forex.com also offers mobile apps for Android and iOS devices.
As you can see, both brokers offer a range of platforms to suit different trading needs and preferences. However, some platforms may have more features and tools than others, or may offer access to more markets and products than others. Therefore, it is important to compare the platforms carefully before choosing a broker. You can also try out the platforms yourself by opening a free demo account with both brokers.
Deriv vs Forex.com Analytical Tools Comparison
Deriv offers two main analytical tools for its clients:
- TradingView Charts: These are the popular third-party charts that allow traders to view and analyze various financial instruments with a range of tools and indicators.
- SmartCharts: These are the proprietary charts that allow traders to view and analyze binary options with a range of tools and indicators.
Forex.com also offers one main analytical tool for its clients:
- TradingView Charts: These are the same third-party charts that Deriv offers.
Based on the analytical tools comparison, Deriv and Forex.com are similar, as they both offer TradingView Charts for their clients. However, Deriv also offers SmartCharts for binary options traders, which Forex.com does not offer.
Deriv vs Forex.com Educational Resources Comparison
Deriv offers a range of educational resources for its clients, such as:
Blog: This is where Deriv posts articles on various topics related to trading and investing.
Videos: This is where Deriv posts videos on various topics related to trading and investing.
E-books: This is where Deriv offers free e-books on various topics related to trading and investing.
Forex.com also offers a range of educational resources for its clients, such as:
Webinars: This is where Forex.com hosts live online sessions on various topics related to trading and investing.
Videos: This is where Forex.com posts videos on various topics related to trading and investing.
Articles: This is where Forex.com posts articles on various topics related to trading and investing.
Based on the educational resources comparison, Deriv and Forex.com are similar, as they both offer a variety of materials and information for their clients. However, Deriv offers more e-books than Forex.com, while Forex.com offers more webinars than Deriv.
Which offers better pricing – Deriv or Forex.com
Deriv does not charge any commissions for its trading services. Instead, it makes money from the spreads that it applies to its trading assets. Spreads are the differences between the bid and ask prices of an asset. Deriv offers variable spreads that depend on market conditions and liquidity. Deriv claims to offer competitive spreads that start from 0.9 pips for forex pairs.
Forex.com also does not charge any commissions for its trading services. It also makes money from the spreads that it applies to its trading assets. Forex.com offers variable spreads that depend on market conditions and liquidity. Forex.com claims to offer tight spreads that start from 0.8 pips for forex pairs.
Based on the pricing comparison, Forex.com has a slight edge over Deriv, as it offers slightly lower spreads than Deriv for most of its trading assets. However, the difference in spreads may not be significant enough to make a big impact on the overall profitability of traders.
Which broker offers more security when trading Forex and CFDs?
Deriv is regulated by four different authorities in different jurisdictions:
The Malta Financial Services Authority (MFSA) regulates Deriv Investments (Europe) Limited
The Vanuatu Financial Services Commission (VFSC) regulates Deriv (V) Ltd
The British Virgin Islands Financial Services Commission (FSC) regulates Deriv (BVI) Ltd
The Labuan Financial Services Authority (LFSA) regulates Deriv (FX) Ltd
Forex.com is regulated by four different authorities in major financial markets:
The US Commodity Futures Trading Commission (CFTC) regulates GAIN Capital Group LLC
The UK Financial Conduct Authority (FCA) regulates GAIN Capital UK Limited
The Australian Securities and Investments Commission (ASIC) regulates GAIN Capital Australia Pty Limited
The Investment Industry Regulatory Organization of Canada (IIROC) regulates GAIN Capital – Forex.com Canada Limited
Based on the security comparison, Forex.com has an edge over Deriv, as it is regulated by more reputable and stringent regulators in the US, UK, Australia and Canada. These regulators have higher standards of oversight and enforcement than the regulators of Deriv. Forex.com also offers more protection for its clients, as it is a member of the Financial Services Compensation Scheme (FSCS) in the UK, the Securities Investor Protection Corporation (SIPC) in the US and the Canadian Investor Protection Fund (CIPF) in Canada. These schemes can cover up to £85,000, $500,000 and $1 million respectively in case of broker default. Deriv does not offer any compensation scheme for its clients.
Which broker offers the superior trading platform?
Deriv offers four main trading platforms for its clients:
DTrader: This is Deriv’s proprietary web-based platform that allows traders to trade forex, CFDs and binary options with a simple and intuitive interface.
DBot: This is Deriv’s proprietary web-based platform that allows traders to create and run automated trading strategies using a drag-and-drop tool.
DMT5: This is Deriv’s version of the popular MetaTrader 5 platform that allows traders to trade forex, CFDs and synthetic indices with advanced tools and features.
SmartTrader: This is Deriv’s version of the popular Binary.com platform that allows traders to trade binary options with a user-friendly interface.
Forex.com offers two main trading platforms for its clients:
Forex.com Web Trading Platform: This is Forex.com’s proprietary web-based platform that allows traders to trade forex and CFDs with a sleek and modern interface.
MetaTrader 4/5: These are the popular third-party platforms that allow traders to trade forex and CFDs with advanced tools and features.
Based on the trading platform comparison, Deriv has an advantage over Forex.com, as it offers more platforms than Forex.com. Deriv also offers unique platforms that Forex.com does not offer, such as DBot and SmartTrader. These platforms may appeal to traders who are looking for more customization and automation in their trading.
Do these brokers both offer MetaTrader?
Deriv offers both MT4 and MT5 for its clients. Deriv’s MT4 and MT5 are compatible with Windows, Mac, Linux, Android and iOS devices. Deriv’s MT4 and MT5 allow traders to trade forex, CFDs and synthetic indices with a range of tools and indicators.
Forex.com also offers both MT4 and MT5 for its clients. Forex.com’s MT4 and MT5 are compatible with Windows, Mac, Android and iOS devices. Forex.com’s MT4 and MT5 allow traders to trade forex and CFDs with a range of tools and indicators.
Based on the MetaTrader comparison, Deriv and Forex.com are similar, as they both offer MT4 and MT5 for their clients. However, Deriv’s MT5 allows traders to trade synthetic indices, which Forex.com’s MT5 does not offer.
How many Forex pairs can you expect from these brokers?
Deriv offers over 50 forex pairs for its clients, including majors, minors and exotics.
Forex.com offers over 80 forex pairs for its clients, including majors, minors and exotics.
Based on the forex pairs comparison, Forex.com has an advantage over Deriv, as it offers more forex pairs than Deriv. Forex.com also offers some forex pairs that Deriv does not offer, such as GBP/ZAR, AUD/ZAR and CHF/ZAR.
Is it safe to trade with Deriv?
Deriv is a regulated broker that has been operating since 1999 as Binary.com. Deriv has a positive reputation among its customers and the trading community, as it has received good feedback and ratings on various platforms and websites. Deriv also has a reliable and helpful customer support team that can be reached via live chat, email and phone.
However, Deriv is not without its challenges and risks. Deriv is not supervised by any well-known regulators in the US, UK, Australia or Canada. Deriv also does not provide any compensation scheme for its customers in case of bankruptcy. Deriv also has some negative feedback and complaints from some of its customers, mainly related to its withdrawal process and platform glitches.
Therefore, while Deriv is a safe broker to trade with, traders should still be careful and diligent when dealing with Deriv. Traders should also only trade with money that they can afford to lose and use proper risk management techniques when trading.
Is it safe to trade with Forex.com?
Forex.com is a regulated broker that has been operating since 2001 as part of the GAIN Capital Group. Forex.com has a positive reputation among its customers and the trading community, as it has received good feedback and ratings on various platforms and websites. Forex.com also has a professional and courteous customer support team that can be reached via live chat, email and phone.
However, Forex.com is not without its challenges and risks. Forex.com is not supervised by any regulators in some regions, such as Asia, Africa and Latin America. Forex.com also does not provide any cryptocurrencies for trading, which may be a disadvantage for some traders. Forex.com also has some negative feedback and complaints from some of its customers, mainly related to its platform performance and customer service.
Therefore, while Forex.com is a safe broker to trade with, traders should still be careful and diligent when dealing with Forex.com. Traders should also only trade with money that they can afford to lose and use proper risk management techniques when trading.
Is Deriv a good broker?
Based on our comparison of Deriv and Forex.com, we can say that Deriv has some advantages and disadvantages that may make it a good or bad broker for some traders.
Some of the advantages of Deriv are:
It offers more trading assets than Forex.com, including binary options and synthetic indices
It has a lower minimum deposit requirement and higher leverage than Forex.com
It offers more flexibility in choosing between different platforms and products with its standard account type
It offers more deposit and withdrawal options than Forex.com, including more cryptocurrencies
Some of the disadvantages of Deriv are:
It is not regulated by any reputable regulators in the US, UK, Australia or Canada
It does not offer any compensation scheme for its clients in case of insolvency
It has slightly higher spreads than Forex.com for most of its trading assets
It has some negative reviews and complaints from some of its clients, mainly regarding its withdrawal process and platform glitches
Therefore, Deriv may be a good broker for traders who are looking for more variety and flexibility in their trading, who are interested in binary options and synthetic indices, who have a small budget and who are comfortable with the level of regulation and protection that Deriv offers.
Deriv may not be a good broker for traders who are looking for more security and protection in their trading, who prefer tighter spreads and lower fees, who want to trade cryptocurrencies or who have high expectations of customer service and platform performance.
Is Forex.com a good broker?
Based on our comparison of Deriv and Forex.com, we can say that Forex.com has some advantages and disadvantages that may make it a good or bad broker for some traders.
Some of the advantages of Forex.com are:
It is regulated by more reputable and stringent regulators in the US, UK, Australia and Canada
It offers more protection for its clients, as it is a member of the FSCS, SIPC and CIPF
It offers slightly lower spreads than Deriv for most of its trading assets
It offers more forex pairs than Deriv
Some of the disadvantages of Forex.com are:
It offers fewer trading assets than Deriv, excluding binary options and synthetic indices
It has a higher minimum deposit requirement and lower leverage than Deriv
It offers fewer deposit and withdrawal options than Deriv, excluding some cryptocurrencies
It has some negative reviews and complaints from some of its clients, mainly regarding its platform performance and customer service
Therefore, Forex.com may be a good broker for traders who are looking for more security and protection in their trading, who prefer tighter spreads and lower fees, who want to trade more forex pairs or who value the reputation and regulation of their broker.
Forex.com may not be a good broker for traders who are looking for more variety and flexibility in their trading, who are interested in binary options and synthetic indices, who have a small budget or who want to trade cryptocurrencies.
Deriv vs Forex.com. Which forex broker is better? Which forex broker should you choose?
Deriv and Forex.com are two forex brokers that offer trading services in various financial markets. Both brokers have their own pros and cons, depending on their regulation, pricing, trading assets, account types, trading conditions, deposit and withdrawal options, trading platforms, analytical tools and educational resources. Therefore, there is no definitive answer to which forex broker is better or which forex broker you should choose.
However, based on our comparison of Deriv and Forex.com, we can say that some traders may prefer Deriv over Forex.com, while others may prefer Forex.com over Deriv. Some of the reasons why traders may prefer Deriv are:
- Deriv offers more trading assets than Forex.com, including binary options and synthetic indices
- Deriv has a lower minimum deposit requirement and higher leverage than Forex.com
- Deriv offers more flexibility in choosing between different platforms and products with its standard account type
- Deriv offers more deposit and withdrawal options than Forex.com, including more cryptocurrencies
Some of the reasons why traders may prefer Forex.com are:
- Forex.com is regulated by more reputable and stringent regulators in the US, UK, Australia and Canada
- Forex.com offers more protection for its clients, as it is a member of the FSCS, SIPC and CIPF
- Forex.com offers slightly lower spreads than Deriv for most of its trading assets
- Forex.com offers more forex pairs than Deriv
Ultimately, the choice of forex broker depends on the individual preferences and needs of each trader. Therefore, we recommend that traders do their own research and test both brokers before making a final decision.
