Compare Deriv vs FxGlory
What is Deriv? What is FxGlory?
Deriv is an online trading platform that offers forex, commodities, synthetic indices, stocks, and stock indices. FxGlory is another online trading platform that offers forex, commodities, stocks, and indices.
Deriv vs FxGlory Overall Comparison
Both platforms are similar in terms of the markets they offer, but they differ in some aspects such as leverage, bonus, spreads, platforms, and regulation. Deriv claims to have the highest leverage in the world at 1:3000, while FxGlory offers leverage up to 1:2000. Deriv also offers a 50% bonus on each deposit, while FxGlory offers a 100% bonus on the first deposit and 50% on subsequent deposits. Deriv has fixed and low spreads starting from 2 pips, while FxGlory has variable spreads starting from 0.7 pips. Deriv has 9 powerful platforms to choose from, including DTrader, DBot, DMT5, SmartTrader, Binary Bot, Binary WebTrader, Binary Tick Trade App, MetaTrader 5, and Deriv X. FxGlory has 3 platforms to choose from, including MetaTrader 4, MetaTrader 5, and WebTrader. 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). FxGlory is regulated by the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA).
Deriv vs FxGlory Regulation Comparison
As mentioned above, Deriv is regulated by four different authorities in different jurisdictions, while FxGlory is regulated by one authority in Saint Vincent and the Grenadines. This means that Deriv may have more oversight and protection for its clients than FxGlory. However, both platforms are not regulated by major regulators such as the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), or the Cyprus Securities and Exchange Commission (CySEC). Therefore, traders should exercise caution and due diligence when dealing with either platform.
Deriv vs FxGlory Trading Assets Comparison
Both platforms offer a wide range of trading assets, including forex, commodities, stocks, and indices. However, Deriv also offers synthetic indices and exchange-traded funds (ETFs), which are not available on FxGlory. Synthetic indices are simulated markets that mimic the movements of real-world markets but are not affected by factors such as news events or market volatility. ETFs are funds that track the performance of a basket of securities such as stocks or commodities. These assets may provide more diversity and opportunities for traders who want to explore different markets.
Deriv vs FxGlory Trading Fees Comparison
Both platforms charge fees in the form of spreads and swaps. Spreads are the difference between the bid and ask prices of an asset, while swaps are the interest charges or credits for holding a position overnight. Deriv has fixed and low spreads starting from 2 pips for forex pairs, while FxGlory has variable spreads starting from 0.7 pips for forex pairs. This means that FxGlory may have lower spreads than Deriv at times, but it may also have higher spreads depending on market conditions. Deriv does not charge any commission or deposit fees, while FxGlory charges a commission of $0.01 per lot for ECN accounts. Deriv also offers swap-free accounts for Islamic traders who do not want to pay or receive interest charges, while FxGlory does not mention any swap-free option on its website.
Deriv vs FxGlory Account Types Comparison
Deriv offers three types of accounts: standard account, advanced account, and synthetic account. The standard account is suitable for beginners and allows trading on all platforms except DMT5. The advanced account is suitable for experienced traders and allows trading on all platforms including DMT5. The synthetic account is suitable for traders who want to trade synthetic indices only. All accounts have a minimum deposit of $5 and a maximum leverage of 1:1000. FxGlory offers four types of accounts: standard account, premium account, VIP account, and ECN account. The standard account is suitable for beginners and has a minimum deposit of $1 and a maximum leverage of 1:2000. The premium account is suitable for intermediate traders and has a minimum deposit of $500 and a maximum leverage of 1:2000. The VIP account is suitable for advanced traders and has a minimum deposit of $5000 and a maximum leverage of 1:2000. The ECN account is suitable for professional traders and has a minimum deposit of $1000 and a maximum leverage of 1:2000. All accounts have variable spreads and charge a commission of $0.01 per lot for ECN accounts.
Deriv vs FxGlory Trading Conditions Comparison
Both platforms have similar trading conditions in terms of order execution, margin call, and stop out levels. Both platforms offer market execution, which means that orders are executed at the best available price in the market at the time of execution. Both platforms have a margin call level of 50% and a stop out level of 20%, which means that if the equity falls below 50% of the margin requirement, the trader will receive a warning, and if the equity falls below 20% of the margin requirement, the platform will automatically close the losing positions to prevent further losses.
Deriv vs FxGlory Deposit Options Comparison
Both platforms offer various deposit and withdrawal options, such as bank wire transfer, credit/debit cards, e-wallets, and cryptocurrencies. However, Deriv has more options than FxGlory in terms of e-wallets and cryptocurrencies. Deriv supports e-wallets such as Skrill, Neteller, FasaPay, WebMoney, Perfect Money, Jeton Wallet, PayTrust88, Help2Pay, ZingPay, QIWI Wallet, PaySafeCard, iWallet, Jeton Go, SticPay, Airtm, and DusuPay. FxGlory supports e-wallets such as Skrill, Neteller, WebMoney, Perfect Money, PaySafeCard, SticPay, Airtm, DusuPay. Deriv supports cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tether (USDT), USD Coin (USDC), Dai (DAI), Paxos Standard (PAX), TrueUSD (TUSD), Bitcoin Cash (BCH), Bitcoin Gold (BTG), EOS (EOS), Stellar Lumens (XLM), Cardano (ADA), Monero (XMR), Zcash (ZEC), Dash (DASH), Neo (NEO), Tron (TRX), Iota (IOTA), Algorand (ALGO), Basic Attention Token (BAT), Bancor Network Token (BNT), Kyber Network Crystal (KNC), Chainlink Token (LINK), OmiseGO Token (OMG), Ox Protocol Token (ZRX). FxGlory supports cryptocurrencies such as Bitcoin (BTC) only.
Deriv vs FxGlory Trading Platforms Comparison
Deriv offers 9 powerful trading platforms that cater to different needs and preferences of traders. These include:
- DTrader: A web-based platform that allows you to trade over 50 forex pairs, over 30 synthetic indices, over 100 stocks, over 15 stock indices, and over 10 commodities with CFDs, options and multipliers.
- DBot: A web-based platform that allows you to create your own trading bots using a drag-and-drop interface or ready-made strategies.
- DMT5: A web-based platform that allows you to trade forex and commodities with leverage of up to 1:1000, and stocks and stock indices with leverage of up to 1:20 using the MetaTrader 5 software.
- SmartTrader: A web-based platform that allows you to trade over 50 forex pairs and over 30 synthetic indices with options.
- Binary Bot: A web-based platform that allows you to create your own trading bots using a drag-and-drop interface or ready-made strategies.
- Binary WebTrader: A web-based platform that allows you to trade over 50 forex pairs and over 30 synthetic indices with options using advanced charts and tools.
- Binary Tick Trade App: A mobile app that allows you to trade over 50 forex pairs and over 30 synthetic indices with options using tick charts.
- MetaTrader 5: A desktop software that allows you to trade forex and commodities with leverage of up to 1:1000, and stocks and stock indices with leverage of up to 1:20 using advanced charts and tools.
- Deriv App: A mobile app that allows you to access all the features of Deriv on your smartphone or tablet.
FxGlory offers only one trading platform: MetaTrader 4. This is a desktop software that allows you to trade forex, commodities, cryptocurrencies, exchange-traded funds, and derived with CFDs using advanced charts and tools. FxGlory does not have a web-based or mobile platform.
Deriv vs FxGlory Analytical Tools Comparison
Both platforms offer various analytical tools to help traders make informed trading decisions. Deriv offers trading calculators that help traders to calculate their swap, pip, margin, profit, and loss for their trades. Deriv also offers technical analysis tools on its DBot platform, which allows traders to create their own trading bots using blocks that analyse the prices of the previous ticks, candles, or the entire market direction. Deriv also offers technical indicators such as simple moving average (SMA), Bollinger bands (BB), relative strength index (RSI), and moving average convergence divergence (MACD) on its DBot platform. Deriv’s MT5 and Deriv X platforms also offer various analytical tools such as technical analysis, expert advisors, customisable charts, and market news.
FxGlory offers technical analysis tools on its MetaTrader 4 and MetaTrader 5 platforms, which include technical indicators such as SMA, BB, RSI, MACD, and others . FxGlory’s MetaTrader platforms also offer expert advisors, customisable charts, and market news . FxGlory’s web-based platform does not offer any analytical tools apart from basic charts.
Deriv vs FxGlory Educational Resources Comparison
Both platforms offer educational resources to help traders learn more about the markets and improve their trading skills. Deriv offers a comprehensive help center that covers topics such as account management, deposits and withdrawals, trading platforms, trade types, markets and assets, and trading tools. Deriv also offers a blog that features articles on trading strategies, market analysis, product updates, and company news. Deriv also offers a community forum where traders can interact with each other and share their ideas and feedback.
FxGlory offers a learning center that covers topics such as forex basics, technical analysis, fundamental analysis, trading psychology, risk management, and trading strategies. FxGlory also offers a blog that features articles on market analysis, company news, and promotions. FxGlory does not offer a community forum or any other social media platform for its clients.
Which offers better pricing – Deriv or FxGlory
This depends on the type of asset, trade, and account you choose. Deriv offers fixed and low spreads starting from 2 pips for forex pairs, while FxGlory offers variable spreads starting from 0.7 pips for forex pairs. This means that FxGlory may have lower spreads than Deriv at times, but it may also have higher spreads depending on market conditions. Deriv does not charge any commission or deposit fees, while FxGlory charges a commission of $0.01 per lot for ECN accounts. Deriv also offers swap-free accounts for Islamic traders who do not want to pay or receive interest charges, while FxGlory does not mention any swap-free option on its website. Therefore, you may want to compare the pricing of both platforms based on your specific trading needs and preferences.
Which broker offers more security when trading Forex and CFDs?
Both brokers offer some level of security when trading forex and CFDs, but they are not regulated by major regulators such as the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), or the Cyprus Securities and Exchange Commission (CySEC). Therefore, traders should exercise caution and due diligence when dealing with either broker. Deriv is regulated by four different authorities in different jurisdictions: 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). This means that Deriv may have more oversight and protection for its clients than FxGlory. However, these regulators are not considered as reputable or stringent as the major ones mentioned above. FxGlory is regulated by one authority in Saint Vincent and the Grenadines: the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA). This means that FxGlory may have less oversight and protection for its clients than Deriv. Moreover, Saint Vincent and the Grenadines is known as an offshore jurisdiction that does not have strict regulatory standards or enforcement measures for forex brokers.
Which broker offers the superior trading platform?
Deriv offers four trading platforms: DTrader, DBot, DMT5 and SmartTrader1. Each platform has its own features and advantages, such as:
DTrader: A web-based platform that allows you to trade over 50 assets with various trade types, such as up/down, touch/no touch, in/out, etc. You can customize your charts, indicators, and trade parameters, as well as view your trade history and performance.
DBot: A web-based platform that allows you to create and run your own trading bots without coding. You can use drag-and-drop tools, pre-built strategies, and logic blocks to automate your trading. You can also test your bots on historical data and monitor their performance.
DMT5: A desktop and web-based platform that allows you to trade over 70 assets with CFDs, options and multipliers. You can use advanced tools, such as Expert Advisors, indicators, signals, etc. to enhance your trading. You can also access multiple markets and accounts from one platform.
SmartTrader: A web-based platform that allows you to trade synthetic indices with various trade types, such as higher/lower, ends in/ends out, stays in/goes out, etc. You can customize your charts, indicators, and trade parameters, as well as view your trade history and performance.
FxGlory offers two trading platforms: MT4 and MT5. Both platforms are based on the popular MetaTrader software, which has the following features and advantages:
MT4: A desktop and web-based platform that allows you to trade forex and other assets with various order types, such as market, pending, stop loss, take profit, etc. You can use advanced tools, such as Expert Advisors, indicators, signals, etc. to enhance your trading. You can also access multiple markets and accounts from one platform.
MT5: A desktop and web-based platform that allows you to trade forex and other assets with various order types, such as market, pending, stop loss, take profit, etc. You can use advanced tools, such as Expert Advisors, indicators, signals, etc. to enhance your trading. You can also access multiple markets and accounts from one platform.
Based on these aspects, it seems that Deriv offers more variety and innovation than FxGlory in terms of trading platforms, while FxGlory offers more familiarity and compatibility than Deriv in terms of trading platforms.
Do these brokers both offer MetaTrader?
Yes, both brokers offer MetaTrader platforms. Deriv offers MetaTrader 5 (MT5), while FxGlory offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5). MetaTrader is a popular trading platform that offers various features and tools such as technical analysis, expert advisors, customisable charts, and market news. However, there are some differences between MT4 and MT5, such as the number of markets, trade types, indicators, and timeframes available. For example, MT5 allows traders to access more markets such as stocks, ETFs, and synthetic indices, while MT4 only allows traders to access forex and CFDs. MT5 also allows traders to use more trade types such as multipliers and pending orders, while MT4 only allows traders to use market orders and pending orders. MT5 also has more indicators and timeframes than MT4.
How many Forex pairs can you expect from these brokers?
Both brokers offer a wide range of forex pairs to trade. Deriv offers over 50 forex pairs, including major, minor, and exotic pairs. FxGlory offers over 40 forex pairs, including major, minor, and exotic pairs. Therefore, you can expect to find the most popular and liquid forex pairs on both platforms, as well as some less common and volatile ones.
Is it safe to trade with Deriv?
Deriv is a regulated broker that has been in the industry for over 20 years. Deriv claims to use the latest technology and security measures to protect its clients’ funds and data. Deriv also claims to segregate its clients’ funds from its own funds in licensed financial institutions. However, Deriv is not regulated by major regulators such as the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), or the Cyprus Securities and Exchange Commission (CySEC). Therefore, traders should exercise caution and due diligence when dealing with Deriv.
Is it safe to trade with FxGlory?
FxGlory is a regulated broker that has been in the industry for over 10 years. FxGlory claims to use the latest technology and security measures to protect its clients’ funds and data. FxGlory also claims to segregate its clients’ funds from its own funds in reputable banks. However, FxGlory is not regulated by major regulators such as the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), or the Cyprus Securities and Exchange Commission (CySEC). Therefore, traders should exercise caution and due diligence when dealing with FxGlory.
Is Deriv a good broker?
Deriv is a good broker for traders who want to access multiple asset classes, trade types, and platforms on a single platform. Deriv offers a wide range of markets, trades, and platforms to suit different trading styles and preferences. Deriv also offers low spreads, high leverage, no commission, no deposit fees, swap-free accounts, trading calculators, technical analysis tools, educational resources, and a community forum. However, Deriv is not regulated by major regulators such as the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), or the Cyprus Securities and Exchange Commission (CySEC). Therefore, traders should exercise caution and due diligence when dealing with Deriv.
Is FxGlory a good broker?
FxGlory is a good broker for traders who want to trade forex and CFDs on MetaTrader platforms. FxGlory offers a wide range of forex pairs and CFDs on commodities, stocks, and indices. FxGlory also offers low spreads, high leverage, high bonus, no deposit fees,and a learning center. However, FxGlory is not regulated by major regulators such as the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), or the Cyprus Securities and Exchange Commission (CySEC). Therefore, traders should exercise caution and due diligence when dealing with FxGlory.
Deriv vs FxGlory. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which forex broker you should choose. Both brokers have their own advantages and disadvantages, and the best choice for you may depend on your personal preference, trading style, and goals. However, based on the comparison I have done, I can give you some general suggestions:
- If you want to access multiple asset classes, trade types, and platforms on a single platform, you may prefer Deriv over FxGlory. Deriv offers a wider range of markets, trades, and platforms than FxGlory, and also offers exclusive access to innovative trade types such as multipliers and synthetic indices.
- If you want to trade forex and CFDs on MetaTrader platforms with low spreads, high leverage, and high bonus, you may prefer FxGlory over Deriv. FxGlory offers MetaTrader 4 and MetaTrader 5 platforms with variable spreads starting from 0.7 pips, leverage up to 1:2000, and bonus up to 100% on the first deposit and 50% on subsequent deposits.
- If you want to trade with a regulated broker that has more oversight and protection for its clients, you may prefer Deriv over FxGlory. Deriv is regulated by four different authorities in different jurisdictions, while FxGlory is regulated by one authority in Saint Vincent and the Grenadines. However, both brokers are not regulated by major regulators such as the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), or the Cyprus Securities and Exchange Commission (CySEC). Therefore, traders should exercise caution and due diligence when dealing with either broker.
- If you want to trade with a broker that offers better customer support, trading calculators, technical analysis tools, educational resources, and a community forum, you may prefer Deriv over FxGlory. Deriv offers 24/7 customer support in multiple languages, a comprehensive help center, a blog, a community forum, trading calculators, technical analysis tools on its DBot platform, and educational resources. FxGlory offers customer support in English only, a learning center, a blog, technical analysis tools on its MetaTrader platforms, and no community forum or social media platform.
Ultimately, the best way to decide which broker is better for you is to try them out yourself. You can open a demo account with either broker to practice trading with virtual funds before risking real money. A demo account is a good way to test the broker’s services and platforms without any commitment or obligation. To open a demo account with either broker, you can follow the steps I have mentioned in the previous comparison.
