Compare Deriv vs FXOpen
What is Deriv? What is FXOpen?
Deriv is an online trading platform that offers forex, commodities, synthetic indices, stocks, and stock indices. FXOpen is a forex broker that offers forex, stocks, crypto CFDs trading via MetaTrader 4, MetaTrader 5 and TickTrader platforms.
Deriv vs FXOpen Overall Comparison
Both Deriv and FXOpen are regulated in the United Kingdom and Australia. Deriv has more than 2.5 million traders worldwide, while FXOpen does not disclose its number of clients. Deriv offers more trading assets than FXOpen, including synthetic indices and derived indices. FXOpen has more trading platforms than Deriv, including TickTrader.
Deriv vs FXOpen Regulation Comparison
Deriv is regulated by the Financial Conduct Authority (FCA) in the UK, the Malta Financial Services Authority (MFSA), the Labuan Financial Services Authority (LFSA) in Malaysia, and the Vanuatu Financial Services Commission (VFSC). FXOpen is regulated by the FCA in the UK, the Australian Securities and Investments Commission (ASIC), and the Financial Markets Authority (FMA) in New Zealand.
Deriv vs FXOpen Trading Assets Comparison
Deriv offers 50+ forex pairs, 25+ cryptocurrency CFDs, shares CFDs, index CFDs, spot metals CFDs, commodity CFDs, synthetic indices and derived indices. FXOpen offers 50+ forex pairs, 25+ cryptocurrency CFDs, shares CFDs, index CFDs, spot metals CFDs and commodity CFDs.
Deriv vs FXOpen Trading Fees Comparison
Deriv charges commissions from 1.5 units per lot for ECN accounts and no commissions for options and multipliers accounts. FXOpen charges commissions from $15 per 1 million for ECN accounts and no commissions for STP accounts. Both brokers have floating spreads that vary depending on market conditions.
Deriv vs FXOpen Account Types Comparison
Deriv offers three types of accounts: CFDs, options and multipliers. FXOpen offers four types of accounts: ECN, STP, Crypto and Micro. Both brokers offer demo accounts and Islamic accounts.
Deriv vs FXOpen Trading Conditions Comparison
Deriv has a minimum deposit of $100 for ECN accounts and $10 for options and multipliers accounts. FXOpen has a minimum deposit of $100 for ECN accounts and $10 for STP and Crypto accounts. Both brokers have a minimum transaction size of 0.01 lots for most accounts. Deriv has a leverage of up to 1:500 for most accounts and 1:1000 for synthetic indices. FXOpen has a leverage of up to 1:500 for most accounts and 1:3 for Crypto accounts. Both brokers have margin call and stop out levels that vary depending on account types.
Deriv vs FXOpen Deposit Options Comparison
Deriv supports various payment methods such as bank wire transfer, credit/debit cards, e-wallets (Skrill, Neteller, FasaPay etc.), cryptocurrencies (Bitcoin, Ethereum etc.) and local payment agents. FXOpen supports similar payment methods except for local payment agents.
Deriv vs FXOpen Trading Platforms Comparison
Deriv offers its own web-based platform called Deriv App as well as MetaTrader 4 and MetaTrader 5 platforms. FXOpen offers MetaTrader 4, MetaTrader 5 and TickTrader platforms.
Deriv vs FXOpen Analytical Tools Comparison
Both Deriv and FXOpen provide various analytical tools such as charts, indicators, signals, news feeds, economic calendars etc. on their platforms.
Deriv vs FXOpen Educational Resources Comparison
Both Deriv and FXOpen offer educational resources such as articles, videos, webinars etc. on their websites to help traders learn more about trading.
Which offers better pricing – Deriv or FXOpen
Both Deriv and FXOpen have competitive pricing, but it depends on the type of account and the trading assets. Deriv charges commissions from 1.5 units per lot for ECN accounts and no commissions for options and multipliers accounts. FXOpen charges commissions from $15 per 1 million for ECN accounts and no commissions for STP accounts. Both brokers have floating spreads that vary depending on market conditions. Deriv has a leverage of up to 1:500 for most accounts and 1:1000 for synthetic indices. FXOpen has a leverage of up to 1:500 for most accounts and 1:3 for Crypto accounts.
Which broker offers more security when trading Forex and CFDs?
Both Deriv and FXOpen are regulated by reputable authorities in the UK and Australia . Deriv is also regulated by the MFSA in Malta, the LFSA in Malaysia, and the VFSC in Vanuatu. FXOpen is also regulated by the FMA in New Zealand and the CySEC in Cyprus. Both brokers are members of the Financial Commission, an independent dispute resolution organization .
Which broker offers the superior trading platform?
Both Deriv and FXOpen offer MetaTrader 4 and MetaTrader 5 platforms, which are popular and powerful platforms for forex and CFD trading . Deriv also offers its own web-based platform called Deriv App, which is user-friendly and customizable. FXOpen also offers TickTrader, which is a multi-asset platform that supports automated trading.
Do these brokers both offer MetaTrader?
Yes, both Deriv and FXOpen offer MetaTrader 4 and MetaTrader 5 platforms .
How many Forex pairs can you expect from these brokers?
Deriv offers 50+ forex pairs, while FXOpen offers 50+ forex pairs plus gold and silver .
Is it safe to trade with Deriv?
Deriv is considered a safe broker as it is regulated by multiple authorities in different jurisdictions, such as the FCA in the UK, the MFSA in Malta, the LFSA in Malaysia, and the VFSC in Vanuatu. It is also a member of the Financial Commission, which provides protection and compensation for traders in case of disputes.
Is it safe to trade with FXOpen?
FXOpen is also considered a safe broker as it is regulated by several authorities in different regions, such as the FCA in the UK, the ASIC in Australia, the FMA in New Zealand, and the CySEC in Cyprus. It is also a member of the Financial Commission, which provides protection and compensation for traders in case of disputes.
Is Deriv a good broker?
Deriv is a good broker for traders who want to trade various assets, including synthetic indices and derived indices, which are unique products that mimic real market conditions without being affected by them. Deriv also has a user-friendly web-based platform called Deriv App, which allows traders to customize their trading experience.
Is FXOpen a good broker?
FXOpen is a good broker for traders who want to trade with low spreads and commissions on ECN accounts or with no commissions on STP accounts. FXOpen also has a multi-asset platform called TickTrader, which supports automated trading strategies.
Deriv vs FXOpen. 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, as different brokers may suit different traders depending on their preferences, goals, strategies, and risk appetite. However, some general factors that you may want to consider when comparing brokers are:
- Regulation and reputation: You should choose a broker that is regulated by reputable authorities in your region or in other jurisdictions, and that has a good reputation among traders and the industry. This can help ensure the safety and security of your funds and trading activities.
- Pricing and fees: You should compare the spreads, commissions, swap rates, and other fees that the brokers charge for their services, and see which one offers the most competitive and transparent pricing for your trading needs. You should also check the minimum deposit and withdrawal requirements, and the available payment methods.
- Trading assets and instruments: You should choose a broker that offers the trading assets and instruments that you are interested in or want to diversify your portfolio with. For example, some brokers may offer more forex pairs, cryptocurrencies, CFDs, or other products than others.
- Trading platforms and tools: You should choose a broker that offers the trading platforms and tools that suit your trading style and preferences. For example, some traders may prefer web-based platforms over desktop platforms, or MetaTrader over other platforms. You should also check the features and functionalities of the platforms, such as charting, indicators, signals, news feeds, economic calendars, etc.
- Trading conditions and execution: You should choose a broker that offers the trading conditions and execution that match your trading strategies and goals. For example, some traders may prefer fixed spreads over variable spreads, or market execution over instant execution. You should also check the leverage, margin call, stop out levels, order types, etc.
- Customer service and support: You should choose a broker that offers reliable and responsive customer service and support via various channels, such as phone, email, live chat, etc. You should also check the availability and languages of the support team.
- Educational resources and bonuses: You should choose a broker that offers educational resources and bonuses that can help you improve your trading skills and knowledge, as well as boost your trading capital. For example, some brokers may offer articles, videos, webinars, contests, etc.
Based on these factors, you may want to compare Deriv and FXOpen using the summary I provided earlier or by visiting their websites for more details. Ultimately, the best broker for you is the one that meets your expectations and requirements.
