Compare Deriv vs Fortrade
What is Deriv? What is Fortrade?
- Deriv is an online trading platform that offers a wide range of derivatives, such as forex, commodities, synthetic indices, stocks, and stock indices. It has 9 powerful platforms to choose from and over 2.5 million traders worldwide.
- Fortrade is an online broker that provides CFD trading services on hundreds of products, such as currencies, stocks, indices, and commodities. It has 3 advanced trading platforms to choose from and is regulated by IIROC and CIPF in Canada.
Deriv vs Fortrade Overall Comparison
Both Deriv and Fortrade are reputable online brokers that offer CFD trading on various markets. However, Deriv has more trade types, platforms, and assets than Fortrade. Deriv also has exclusive access to innovative assets such as synthetic indices and derived indices. Fortrade has more educational resources and market analysis than Deriv.
Deriv vs Fortrade Regulation Comparison
- Deriv is regulated by 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).
- Fortrade is regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF). It is also authorized by the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), the National Bank of the Republic of Belarus (NBRB), and the Cyprus Securities and Exchange Commission (CySEC).
Deriv vs Fortrade Trading Assets Comparison
- Deriv offers over 100+ assets to trade on, including forex, commodities, synthetic indices, stocks, stock indices, cryptocurrencies, and derived indices. Synthetic indices are unique markets that simulate real-world market movements but are not affected by real-world events. Derived indices are based on a range of commodities and forex pairs.
- Fortrade offers over 300+ assets to trade on, including forex, stocks, stock indices, commodities, cryptocurrencies, ETFs, bonds, and metals.
Deriv vs Fortrade Trading Fees Comparison
- Deriv does not charge any commissions or fees for trading. It makes money from the spread, which is the difference between the buy and sell prices of an asset. The spread varies depending on the asset, market conditions, and platform. Deriv also charges a swap fee for holding positions overnight.
- Fortrade also does not charge any commissions or fees for trading. It makes money from the spread and the swap fee as well. The spread and swap fee vary depending on the asset, market conditions, and platform.
Deriv vs Fortrade Account Types Comparison
- Deriv offers 4 types of accounts: Standard account, Advanced account, Synthetic account, and Financial account. The Standard account is suitable for beginners who want to trade with low stakes and flexible leverage. The Advanced account is suitable for experienced traders who want to trade with higher stakes and lower leverage. The Synthetic account is suitable for traders who want to trade synthetic indices exclusively. The Financial account is suitable for traders who want to trade forex and commodities with variable spreads.
- Fortrade offers 3 types of accounts: Standard account, Premium account, and Professional account. The Standard account is suitable for beginners who want to trade with low minimum deposits and fixed spreads. The Premium account is suitable for intermediate traders who want to trade with higher minimum deposits and lower spreads. The Professional account is suitable for advanced traders who want to trade with higher leverage and access to more features.
Deriv vs Fortrade Trading Conditions Comparison
- Deriv offers a leverage of up to 1:1000 for forex pairs and up to 1:500 for commodities on its Standard and Advanced accounts. It offers a leverage of up to 1:1000 for synthetic indices on its Synthetic account. It offers a leverage of up to 1:1000 for forex pairs and up to 1:200 for commodities on its Financial account. The minimum deposit for opening an account with Deriv is $5.
- Fortrade offers a leverage of up to 1:200 for forex pairs and up to 1:100 for commodities on its Standard and Premium accounts. It offers a leverage of up to 1:400 for forex pairs and up to 1:200 for commodities on its Professional account. The minimum deposit for opening an account with Fortrade is $100.
Deriv vs Fortrade Deposit Options Comparison
- Deriv supports various deposit and withdrawal methods, such as bank wire transfer, credit/debit cards, e-wallets (Skrill, Neteller, FasaPay, etc.), and cryptocurrencies (Bitcoin, Ethereum, etc.). Deriv does not charge any fees for deposits and withdrawals, but some payment providers may charge their own fees. The processing time for deposits and withdrawals varies depending on the method, but it is usually instant or within 1 working day.
- Fortrade also supports various deposit and withdrawal methods, such as bank wire transfer, credit/debit cards, e-wallets (Skrill, Neteller, WebMoney, etc.), and cryptocurrencies (Bitcoin, Ethereum, etc.). Fortrade does not charge any fees for deposits and withdrawals, but some payment providers may charge their own fees. The processing time for deposits and withdrawals varies depending on the method, but it is usually instant or within 3 working days.
Deriv vs Fortrade Trading Platforms Comparison
- Deriv offers 9 trading platforms to choose from: DTrader, DBot, DMT5, SmartTrader, Binary Bot, Binary WebTrader, Binary Tick Trade App, Binary Grid App, and Binary Next-Gen App. Each platform has its own features and advantages. For example, DTrader is a user-friendly platform that allows traders to customize their trades with various options. DBot is an automated trading platform that allows traders to create their own trading bots without coding. DMT5 is a powerful platform that is based on the popular MetaTrader 5 software and offers access to multiple asset classes.
- Fortrade offers 3 trading platforms to choose from: Fortrader Web, Fortrader Mobile, and MetaTrader 4. Each platform has its own features and advantages. For example, Fortrader Web is a secure platform that can be accessed from any browser in the world. Fortrader Mobile is a convenient platform that can be downloaded on Android or iOS devices. MetaTrader 4 is a popular platform that offers advanced charting tools and indicators.
Deriv vs Fortrade Analytical Tools Comparison
- Deriv provides various analytical tools to help traders make informed decisions. These include charts, indicators, signals, market news, economic calendar, trading calculators, sentiment analysis, and more. Deriv also has a blog that covers topics such as trading strategies, tips, tutorials, and updates.
- Fortrade also provides various analytical tools to help traders make informed decisions. These include charts, indicators, signals, market news, economic calendar, trading calculators, sentiment analysis, and more. Fortrade also has a blog that covers topics such as market analysis, weekly overview, daily review, and educational articles.
Deriv vs Fortrade Educational Resources Comparison
- Deriv offers some educational resources to help traders learn more about trading. These include video tutorials, webinars, glossary of terms, FAQs, and customer support. However, Deriv does not have a dedicated education center or section on its website.
- Fortrade offers more educational resources to help traders learn more about trading. These include video tutorials, webinars, e-books, courses, glossary of terms, FAQs, and customer support. Fortrade has a dedicated education center on its website where traders can access all the learning materials.
Which offers better pricing – Deriv or Fortrade
Both Deriv and Fortrade do not charge any commissions or fees for trading. They make money from the spread and the swap fee . The spread and swap fee vary depending on the asset, market conditions, and platform. Therefore, it is hard to say which one offers better pricing without comparing specific assets and platforms. However, some online reviews suggest that Deriv has lower spreads than Fortrade on average.
Which broker offers more security when trading Forex and CFDs?
Both Deriv and Fortrade are regulated by reputable authorities in different jurisdictions. Deriv is regulated by 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). Fortrade is regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF). It is also authorized by the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), the National Bank of the Republic of Belarus (NBRB), and the Cyprus Securities and Exchange Commission (CySEC). Therefore, both brokers offer a high level of security when trading Forex and CFDs.
Which broker offers the superior trading platform?
- Deriv offers 9 trading platforms to choose from: DTrader, DBot, DMT5, SmartTrader, Binary Bot, Binary WebTrader, Binary Tick Trade App, Binary Grid App, and Binary Next-Gen App. Each platform has its own features and advantages. For example, DTrader is a user-friendly platform that allows traders to customize their trades with various options. DBot is an automated trading platform that allows traders to create their own trading bots without coding. DMT5 is a powerful platform that is based on the popular MetaTrader 5 software and offers access to multiple asset classes.
- Fortrade offers 3 trading platforms to choose from: Fortrader Web, Fortrader Mobile, and MetaTrader 4. Each platform has its own features and advantages. For example, Fortrader Web is a secure platform that can be accessed from any browser in the world. Fortrader Mobile is a convenient platform that can be downloaded on Android or iOS devices. MetaTrader 4 is a popular platform that offers advanced charting tools and indicators.
- Therefore, which broker offers the superior trading platform depends on your personal preference and trading style. However, some online reviews suggest that Deriv has more innovative and diverse platforms than Fortrade.
Do these brokers both offer MetaTrader?
No, only Fortrade offers MetaTrader 4 as one of its trading platforms. Deriv does not offer MetaTrader 4 or MetaTrader 5 as its trading platforms. However, Deriv offers DMT5, which is based on MetaTrader 5 software and has similar features.
How many Forex pairs can you expect from these brokers?
- Deriv offers close to 50 FX currency pairs, including majors, minors and exotics.
- Fortrade offers over 60 FX currency pairs, including majors, minors and exotics.
Is it safe to trade with Deriv?
Yes, it is safe to trade with Deriv as it is regulated by multiple reputable authorities in different jurisdictions. Deriv also uses SSL encryption to protect its website and client data. Deriv has been in the online trading industry since 1999 and has over 2.5 million traders worldwide.
Is it safe to trade with Fortrade?
Yes, it is safe to trade with Fortrade as it is regulated by multiple reputable authorities in different jurisdictions. Fortrade also uses SSL encryption to protect its website and client data. Fortrade has been in the online trading industry since 2013 and has over 10 thousand traders worldwide.
Is Deriv a good broker?
Yes, Deriv is a good broker as it offers a wide range of derivatives, trade types, platforms, and assets to trade on. Deriv also has low minimum deposits, high leverage, competitive spreads, and no commissions or fees. Deriv also has exclusive access to innovative assets such as synthetic indices and derived indices.
Is Fortrade a good broker?
Yes, Fortrade is a good broker as it offers CFD trading services on hundreds of products, including forex, stocks, indices, and commodities. Fortrade also has low minimum deposits, high leverage, fixed spreads, and no commissions or fees. Fortrade also has more educational resources and market analysis than Deriv.
Deriv vs Fortrade. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose. It depends on your personal preference, trading style, goals, and needs. However, here are some factors that you may want to consider when comparing Deriv and Fortrade:
- Regulation: Both brokers are regulated by reputable authorities in different jurisdictions, which means they have to comply with high standards of security, transparency, and customer protection. However, Fortrade has more regulators than Deriv, which may give you more confidence and peace of mind when trading with them.
- Pricing: Both brokers do not charge any commissions or fees for trading. They make money from the spread and the swap fee. The spread and swap fee vary depending on the asset, market conditions, and platform. Therefore, you may want to compare the specific assets and platforms that you are interested in trading to see which broker offers better pricing. Some online reviews suggest that Deriv has lower spreads than Fortrade on average.
- Platforms: Deriv offers 9 trading platforms to choose from, while Fortrade offers 3 trading platforms to choose from. Each platform has its own features and advantages. You may want to try out the different platforms and see which one suits your trading style and preference better. Some online reviews suggest that Deriv has more innovative and diverse platforms than Fortrade.
- Assets: Deriv offers over 100+ assets to trade on, while Fortrade offers over 300+ assets to trade on. Both brokers offer forex, stocks, indices, commodities, and cryptocurrencies. However, Deriv also offers synthetic indices and derived indices, which are unique markets that simulate real-world market movements but are not affected by real-world events. You may want to explore the different assets and see which ones appeal to you more.
- Education: Both brokers offer some educational resources to help traders learn more about trading. These include video tutorials, webinars, glossary of terms, FAQs, and customer support. However, Fortrade offers more educational resources than Deriv. Fortrade has a dedicated education center on its website where traders can access all the learning materials. You may want to take advantage of the educational resources and improve your trading skills and knowledge.
- Ultimately, the best way to decide which forex broker is better or which one you should choose is to open a demo account with both brokers and test them out yourself. A demo account allows you to trade with virtual money without risking any real money. You can compare the features, performance, and user experience of both brokers and see which one meets your expectations and requirements better. You can also contact their customer support and see how responsive and helpful they are. A demo account is a great way to get a feel of both brokers before making a final decision.
