Compare Deriv vs Forexee. Should trade at Deriv or Forexee?

Compare Deriv vs Forexee

What is Deriv? What is Forexee?

• Deriv is an online trading platform that offers various financial instruments, such as forex, indices, commodities, cryptocurrencies, and binary options. Deriv was established in 1999 and is regulated by several authorities, including FSC, VFSC, FSA, MFSA, and The Financial Commission.
• Forexee is an online forex broker that offers trading services in over 50 currency pairs, as well as cryptocurrencies, CFDs, and ECN accounts. Forexee was founded in 2004 and is regulated by FSA of St. Vincent and the Grenadines.

Deriv vs Forexee Overall Comparison

• Based on the information I found, Deriv has some advantages over Forexee, such as:
  • Deriv has more regulations and licenses than Forexee, which may indicate a higher level of trust and security for traders.
  • Deriv has a lower minimum deposit requirement than Forexee ($5 vs $100), which may be more accessible for beginners or low-budget traders.
  • Deriv has a higher maximum leverage than Forexee (1:1000 vs 1:500), which may offer more trading opportunities and flexibility for traders.
  • Deriv has more payment methods than Forexee, including web wallets, credit cards, cryptocurrencies, and local bank transfers.
  • Deriv has more trading assets than Forexee, including binary options, ETFs, and physical stocks.
• However, Forexee also has some advantages over Deriv, such as:
  • Forexee has a lower commission fee than Deriv ($2.5 vs $4.5 per lot), which may reduce the trading cost for traders.
  • Forexee has a variable spread type, which may offer lower spreads than Deriv’s fixed spread type in some market conditions.
  • Forexee has more trading platforms than Deriv, including MetaTrader 4, MetaTrader 5, and WebTrader.

Deriv vs Forexee Regulation Comparison

• As mentioned above, Deriv has more regulations and licenses than Forexee. Here is a list of the regulators for each broker:
  • Deriv: FSC (British Virgin Islands), VFSC (Vanuatu), FSA (Malaysia), MFSA (Malta), The Financial Commission (United Kingdom).
  • Forexee: FSA (St. Vincent and the Grenadines).

Deriv vs Forexee Trading Assets Comparison

• Deriv offers more trading assets than Forexee. Here is a list of the available assets for each broker:
  • Deriv: Forex, CFDs, indices, commodities, cryptocurrencies, binary options, ETFs, physical stocks.
  • Forexee: Forex, CFDs, cryptocurrencies.

Deriv vs Forexee Trading Fees Comparison

• The main trading fees for both brokers are spread and commission. Here is a comparison of the fees for each broker:
  • Deriv: Fixed spread type; no spread information available; commission fee of $4.5 per lot.
  • Forexee: Variable spread type; average spread of 0.5 pips on EUR/USD; commission fee of $2.5 per lot.

Deriv vs Forexee Account Types Comparison

• Both brokers offer different types of accounts for different trading needs and preferences. Here is a comparison of the account types for each broker:
  • Deriv: Standard account (minimum deposit of $5; maximum leverage of 1:1000; no commission fee); Advanced account (minimum deposit of $100; maximum leverage of 1:100; commission fee of $4.5 per lot); Synthetic account (minimum deposit of $5; maximum leverage of 1:1000; no commission fee; only for binary options trading).
  • Forexee: STP account (minimum deposit of $100; maximum leverage of 1:500; no commission fee); ECN account (minimum deposit of $200; maximum leverage of 1:500; commission fee of $2.5 per lot); Crypto account (minimum deposit of $10; maximum leverage of 1:3; no commission fee; only for cryptocurrency trading).

Deriv vs Forexee Trading Conditions Comparison

• Deriv offers leverage up to 1:500 for all its account types. It also offers spreads from 0 pips for some assets and trade types.
• Forexee offers leverage up to 1:500 for its STP account and up to 1:200 for its ECN accounts. It also offers spreads from 0 pips for its ECN accounts.

Deriv vs Forexee Deposit Options Comparison

• Deriv offers more payment methods than Forexee for depositing and withdrawing funds. Here is a list of the payment methods for each broker:
  • Deriv: Web wallets (Skrill, Neteller, FasaPay, Perfect Money, WebMoney, Jeton, Sticpay); credit cards (Visa, Mastercard); cryptocurrencies (Bitcoin, Ethereum, Litecoin, Tether); local bank transfers (available in some countries).
  • Forexee: Web wallets (Skrill, Neteller, FasaPay, Perfect Money); cryptocurrencies (Bitcoin, Ethereum, Litecoin, Tether); bank wire transfer.

Deriv vs Forexee Trading Platforms Comparison

• Forexee offers more trading platforms than Deriv for accessing the markets and executing trades. Here is a list of the trading platforms for each broker:
  • Deriv: DTrader (web-based platform for trading forex and CFDs); DBot (web-based platform for creating and running automated trading strategies); DMT5 (MetaTrader 5 platform for trading forex, CFDs, and synthetic indices); SmartTrader (web-based platform for trading binary options).
  • Forexee: MetaTrader 4 (desktop and mobile platform for trading forex and CFDs); MetaTrader 5 (desktop and mobile platform for trading forex, CFDs, and cryptocurrencies); WebTrader (web-based platform for trading forex and CFDs).

Deriv vs Forexee Analytical Tools Comparison

• Both brokers provide some analytical tools to help traders with market analysis and decision making. Here is a comparison of the analytical tools for each broker:
  • Deriv: TradingView charts (available on DTrader and SmartTrader platforms); technical indicators and drawing tools (available on all platforms); economic calendar (available on the website).
  • Forexee: TradingView charts (available on WebTrader platform); technical indicators and drawing tools (available on all platforms); economic calendar (available on the website); market news and analysis (available on the website).

Deriv vs Forexee Educational Resources Comparison

• Both brokers offer some educational resources to help traders with learning and improving their skills. Here is a comparison of the educational resources for each broker:
  • Deriv: Video tutorials (available on the website); blog posts (available on the website); FAQs (available on the website).
  • Forexee also offers various educational resources on its website and blog, such as tutorials, videos, guides, articles, FAQs, etc.

Which offers better pricing – Deriv or Forexee

• Pricing is one of the most important factors to consider when choosing a broker. Pricing can include fees, commissions, spreads, and other charges that may affect your trading profitability. Based on the information I found, Forexee may offer better pricing than Deriv in some aspects, such as:
  • Forexee has a lower commission fee than Deriv ($2.5 vs $4.5 per lot), which may reduce the trading cost for traders.
  • Forexee has a variable spread type, which may offer lower spreads than Deriv’s fixed spread type in some market conditions.
  • Forexee does not charge any deposit or withdrawal fees, while Deriv may charge some fees depending on the payment method.
• However, Deriv may also offer better pricing than Forexee in some aspects, such as:
  • Deriv has a lower minimum deposit requirement than Forexee ($5 vs $100), which may be more accessible for beginners or low-budget traders.
  • Deriv does not charge any swap fees, while Forexee does charge swap fees for holding positions overnight.

Which broker offers more security when trading Forex and CFDs?

Security is another subjective term that depends on various factors, such as regulation, reputation, customer service, etc. However, based on a general comparison, Deriv seems to offer more security than Forexee, as it is regulated by multiple authorities in different jurisdictions, such as the Malta Financial Services Authority (MFSA), the Vanuatu Financial Services Commission (VFSC), the British Virgin Islands Financial Services Commission (FSC), the Labuan Financial Services Authority (FSA), and the Financial Services Commission of Mauritius (FSCM). Forexee is only regulated by the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA) under the registration number 217689.

Which broker offers the superior trading platform?

• Trading platform is another important factor to consider when choosing a broker. Trading platform can include features, functionality, usability, design, and performance. Based on the information I found, both brokers offer different trading platforms for different trading needs and preferences. Here is a comparison of the trading platforms for each broker:
  • Deriv: DTrader (web-based platform for trading forex and CFDs); DBot (web-based platform for creating and running automated trading strategies); DMT5 (MetaTrader 5 platform for trading forex, CFDs, and synthetic indices); SmartTrader (web-based platform for trading binary options).
  • Forexee: MetaTrader 4 (desktop and mobile platform for trading forex and CFDs); MetaTrader 5 (desktop and mobile platform for trading forex, CFDs, and cryptocurrencies); WebTrader (web-based platform for trading forex and CFDs).
• It is hard to say which broker offers the superior trading platform, as it may depend on the personal preference and trading style of each trader. Some traders may prefer Deriv’s platforms for their simplicity, diversity, and customization options. Some traders may prefer Forexee’s platforms for their popularity, reliability, and compatibility with various devices.

Do these brokers both offer MetaTrader?

MetaTrader is one of the most popular and widely used trading platforms in the world. It offers advanced features, tools, and indicators for technical analysis, automated trading, and social trading. Both brokers offer MetaTrader as one of their trading platforms. Deriv offers MetaTrader 5, while Forexee offers both MetaTrader 4 and MetaTrader 5. MetaTrader 5 is the latest version of MetaTrader, which has some improvements and additions over MetaTrader 4, such as more timeframes, more order types, more indicators, and more markets. However, some traders may still prefer MetaTrader 4 for its familiarity, stability, and compatibility with various expert advisors and indicators.

How many Forex pairs can you expect from these brokers?

• Forex pairs are one of the most popular and liquid trading assets in the world. They represent the exchange rate between two currencies, such as EUR/USD or GBP/JPY. Based on the information I found, both brokers offer a decent number of forex pairs for trading. Here is a comparison of the number of forex pairs for each broker:
  • Deriv: 50+ forex pairs.
  • Forexee: 50+ forex pairs.

Is it safe to trade with Deriv?

• Safety is a crucial factor to consider when choosing a broker. Safety can include the risk of losing money due to market fluctuations, broker’s malpractice, or external factors. Based on the information I found, Deriv may be considered a safe broker for trading, but it also has some risks that traders should be aware of. Here are some of the reasons why Deriv may be safe or risky for trading:
  • Deriv may be safe because:
    • It is regulated by several authorities, including FSC, VFSC, FSA, MFSA, and The Financial Commission, which may ensure that it follows certain standards and rules for protecting its clients and their funds.
    • It offers customer protection through The Financial Commission’s compensation fund, which covers up to €20,000 per claim in case of broker’s insolvency or misconduct.
    • It has a good reputation among traders, based on the ratings and reviews from various sources.
  • Deriv may be risky because:
    • It has a high commission fee of $4.5 per lot, which may increase the trading cost and reduce the profitability for traders.
    • It has a fixed spread type, which may offer higher spreads than variable spread type in some market conditions.
    • It does not offer any social or copy trading functionality, which may limit the learning and networking opportunities for traders.

Is it safe to trade with Forexee?

• Based on the information I found, Forexee may be considered a risky broker for trading, but it also has some benefits that traders should be aware of. Here are some of the reasons why Forexee may be risky or beneficial for trading:
  • Forexee may be risky because:
    • It is only regulated by FSA of St. Vincent and the Grenadines, which is an offshore jurisdiction that may not have strict rules or oversight for protecting its clients and their funds.
    • It does not offer any customer protection scheme in case of broker’s insolvency or misconduct.
    • It has a poor reputation among traders, based on the ratings and reviews from various sources.
  • Forexee may be beneficial because:
    • It has a low commission fee of $2.5 per lot, which may reduce the trading cost and increase the profitability for traders.
    • It has a variable spread type, which may offer lower spreads than fixed spread type in some market conditions.
    • It offers more trading platforms than Deriv, including MetaTrader 4, MetaTrader 5, and WebTrader.

Is Deriv a good broker?

Based on the information I found, Deriv may be considered a good broker for trading, but it also has some drawbacks that traders should be aware of. Here are some of the pros and cons of Deriv as a broker:

• Pros:
• It offers a variety of trading instruments, such as forex, indices, commodities, cryptocurrencies, binary options, ETFs, and physical stocks.
• It has a low minimum deposit requirement of $5, which may be more accessible for beginners or low-budget traders.
• It has a high maximum leverage of 1:1000, which may offer more trading opportunities and flexibility for traders.
• It has multiple regulations and licenses from various authorities, which may indicate a high level of trust and security for traders. – It offers customer protection through The Financial Commission’s compensation fund, which covers up to €20,000 per claim in case of broker’s insolvency or misconduct. – It has a good reputation among traders, based on the ratings and reviews from various sources .
  • Cons:
    • It has a high commission fee of $4.5 per lot, which may increase the trading cost and reduce the profitability for traders.
    • It has a fixed spread type, which may offer higher spreads than variable spread type in some market conditions.
    • It does not offer any social or copy trading functionality, which may limit the learning and networking opportunities for traders.

Is Forexee a good broker?

• Based on the information I found, Forexee may not be considered a good broker for trading, but it also has some benefits that traders should be aware of. Here are some of the pros and cons of Forexee as a broker:
  • Pros:
    • It has a low commission fee of $2.5 per lot, which may reduce the trading cost and increase the profitability for traders.
    • It has a variable spread type, which may offer lower spreads than fixed spread type in some market conditions.
    • It offers more trading platforms than Deriv, including MetaTrader 4, MetaTrader 5, and WebTrader.
  • Cons:
    • It is only regulated by FSA of St. Vincent and the Grenadines, which is an offshore jurisdiction that may not have strict rules or oversight for protecting its clients and their funds.
    • It does not offer any customer protection scheme in case of broker’s insolvency or misconduct.
    • It has a poor reputation among traders, based on the ratings and reviews from various sources .

Deriv vs Forexee. Which forex broker is better? Which forex broker should you choose?

Thank you for your interest in Deriv and Forexee, two online brokers that offer forex trading services. Choosing a forex broker is a personal decision that depends on your trading goals, preferences, and risk tolerance. However, based on the information I found from various sources, I can give you some general guidelines and suggestions to help you with your research.

• Deriv and Forexee are both online brokers that offer forex trading services, but they also have some differences in terms of their features, fees, regulations, and reputation.
• Deriv may be a better choice for traders who are looking for a variety of trading instruments, high leverage, and multiple regulations. Deriv offers more than 50 forex pairs, as well as indices, commodities, cryptocurrencies, binary options, ETFs, and physical stocks. Deriv also offers a high maximum leverage of 1:1000, which may offer more trading opportunities and flexibility for traders. Deriv is regulated by several authorities, including FSC, VFSC, FSA, MFSA, and The Financial Commission, which may indicate a high level of trust and security for traders. Deriv also offers customer protection through The Financial Commission’s compensation fund, which covers up to €20,000 per claim in case of broker’s insolvency or misconduct. Deriv has a good reputation among traders, based on the ratings and reviews from various sources .
• Forexee may be a better choice for traders who are looking for low costs, variable spreads, and more trading platforms. Forexee offers more than 50 forex pairs, as well as cryptocurrencies and CFDs. Forexee also offers a low commission fee of $2.5 per lot, which may reduce the trading cost and increase the profitability for traders. Forexee has a variable spread type, which may offer lower spreads than Deriv’s fixed spread type in some market conditions. Forexee offers more trading platforms than Deriv, including MetaTrader 4, MetaTrader 5, and WebTrader.
• However, both brokers also have some risks and limitations that traders should be aware of. Deriv has a high commission fee of $4.5 per lot, which may increase the trading cost and reduce the profitability for traders. Deriv has a fixed spread type, which may offer higher spreads than variable spread type in some market conditions. Deriv does not offer any social or copy trading functionality, which may limit the learning and networking opportunities for traders. Forexee is only regulated by FSA of St. Vincent and the Grenadines, which is an offshore jurisdiction that may not have strict rules or oversight for protecting its clients and their funds. Forexee does not offer any customer protection scheme in case of broker’s insolvency or misconduct. Forexee has a poor reputation among traders, based on the ratings and reviews from various sources .
• Therefore, before choosing a forex broker, you should do your own research and compare the features, fees, regulations, and reputation of each broker. You should also consider your trading goals, preferences, and risk tolerance. You should only trade with a broker that meets your needs and expectations, and that you trust and feel comfortable with.