Compare Deriv vs IFC Markets
What is Deriv? What is IFC Markets?
Deriv is an online trading platform that offers forex, commodities, synthetic indices, stocks, and stock indices. It was founded in 1999 and is regulated by the Malta Financial Services Authority (MFSA), the Labuan Financial Services Authority (LFSA), the Vanuatu Financial Services Commission (VFSC), and the British Virgin Islands Financial Services Commission (BVIFSC). IFC Markets is a leading global provider of forex and CFD trading allowing to trade currencies, CFDs on stocks, cryptos and much more with low fixed spreads. It was established in 2006 and is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the BVIFSC.
Deriv vs IFC Markets Overall Comparison
Both brokers offer a wide range of trading instruments, platforms, and educational resources. However, there are some differences in terms of regulation, fees, account types, trading conditions, deposit and withdrawal options, analytical tools, and customer support.
Deriv vs IFC Markets Regulation Comparison
Deriv has more licenses than IFC Markets, as it is regulated by four authorities in different jurisdictions, while IFC Markets is regulated by two authorities. Both brokers are regulated by the BVIFSC, which is a reputable offshore regulator that requires brokers to maintain adequate capital, segregate client funds, submit regular reports, and adhere to anti-money laundering rules. However, Deriv also has licenses from the MFSA, the LFSA, and the VFSC, which are also well-known regulators that impose high standards of conduct and protection for traders. IFC Markets has a license from the CySEC, which is a respected regulator in the European Union that enforces strict rules such as negative balance protection, compensation scheme participation, leverage limits, and fair marketing practices.
Deriv vs IFC Markets Trading Assets Comparison
Deriv offers more than 650 trading instruments across five asset classes: forex, stocks & indices, cryptocurrencies, commodities, and derived indices. Derived indices are synthetic indices that simulate market movements and are available 24/7. Deriv also offers innovative assets such as Crash/Boom indices that move up or down rapidly within a fixed time frame. IFC Markets offers more than 600 trading instruments across six asset classes: forex, stocks & indices, cryptocurrencies, commodities, metals, and personal composite instruments (PCI). PCI are custom-made instruments that allow traders to create their own combinations of assets and trade them as a single unit.
Deriv vs IFC Markets Trading Fees Comparison
Deriv charges variable spreads on forex and commodities trading, starting from 0.9 pips for major currency pairs and 0.03 pips for gold. It also charges fixed commissions on synthetic indices trading ($0.10 per lot) and stocks & stock indices trading ($0.01 per share or 0.1% of contract value). Deriv does not charge any deposit or withdrawal fees or any inactivity fees. IFC Markets charges fixed spreads on forex and CFD trading, starting from 1.8 pips for major currency pairs and 4 pips for gold. It also charges fixed commissions on stock CFDs ($0.10 per share) and cryptocurrency CFDs (0.1% of contract value). IFC Markets does not charge any deposit or withdrawal fees or any inactivity fees.
Deriv vs IFC Markets Account Types Comparison
Deriv offers four types of accounts: Standard account (minimum deposit $5), Advanced account (minimum deposit $100), Synthetic account (minimum deposit $5), and Financial STP account (minimum deposit $100). The Standard account allows trading on forex and commodities with variable spreads and no commissions. The Advanced account allows trading on all asset classes with variable spreads and commissions. The Synthetic account allows trading on synthetic indices with fixed commissions and no spreads. The Financial STP account allows trading on forex and commodities with direct market access (DMA) execution and low spreads. IFC Markets offers three types of accounts: Beginner account (minimum deposit $1), Standard account (minimum deposit $1000), and NetTradeX account (minimum deposit $1000). The Beginner account allows trading on forex and CFDs with fixed spreads and no commissions. The Standard account allows trading on all asset classes with fixed spreads and commissions. The NetTradeX account allows trading on all asset classes with fixed spreads and commissions, as well as creating and trading PCI.
Deriv vs IFC Markets Trading Conditions Comparison
Deriv offers leverage up to 1:1000 for forex and commodities trading, 1:20 for stocks & stock indices trading, and 1:10 for cryptocurrencies and synthetic indices trading. It also offers negative balance protection, stop loss and take profit orders, and hedging capabilities. Deriv does not offer Islamic accounts or social trading features. IFC Markets offers leverage up to 1:400 for forex and CFD trading, except for cryptocurrency CFDs which have a leverage of 1:2. It also offers negative balance protection, stop loss and take profit orders, and hedging capabilities. IFC Markets offers Islamic accounts for Muslim traders who follow Sharia law. It also offers social trading features through the MetaTrader 4 Signals service.
Deriv vs IFC Markets Deposit Options Comparison
Deriv supports various deposit and withdrawal methods, including bank wire transfer, credit/debit cards, e-wallets (such as Skrill, Neteller, FasaPay, WebMoney, Perfect Money, Jeton Wallet), and cryptocurrencies (such as Bitcoin, Ethereum, Litecoin, Tether). The processing time and fees may vary depending on the method chosen. Deriv does not charge any fees for deposits or withdrawals, but third-party fees may apply. IFC Markets supports various deposit and withdrawal methods, including bank wire transfer, credit/debit cards, e-wallets (such as Skrill, Neteller, WebMoney, Perfect Money), and cryptocurrencies (such as Bitcoin, Ethereum). The processing time and fees may vary depending on the method chosen. IFC Markets does not charge any fees for deposits or withdrawals, but third-party fees may apply.
Deriv vs IFC Markets Trading Platforms Comparison
According to the official website of Deriv they support a variety of payment methods, including credit/debit cards, e-wallets, bank wire, and online payment services. The minimum deposit and withdrawal amounts vary depending on the method, but they are usually between 5 and 10 USD. The deposit processing time is instant for most methods, while the withdrawal processing time is 1 working day.
According to the WikiFX website, SuperForex offers four types of accounts: Profi STP, Crypto, Standard, and Swap Free. The minimum deposit amount is 500 USD for all accounts except for the Swap Free account, which is 1000 USD. The maximum leverage is 1:2000 for all accounts. The spread of majors is variable and depends on the market conditions. The withdrawal options include e-wallets, bank wire, and online payment services. The withdrawal processing time is not specified.
Based on this information, it seems that Deriv has more payment options and lower minimum deposit amounts than SuperForex. However, SuperForex has higher leverage and more account types than Deriv. You may want to consider other factors such as regulation, trading platform, customer service, and transaction cost before choosing a broker.
Deriv vs IFC Markets Analytical Tools Comparison
Deriv provides various analytical tools to help traders make informed decisions in the markets. Some of these tools include:
- SmartTrader: A web-based charting tool that allows traders to analyze the markets using various indicators, drawing tools, time frames, and chart types.
- TradingView: A web-based charting tool that allows traders to access advanced technical analysis tools such as trend lines, Fibonacci retracements, moving averages, oscillators, and more.
- ChartIQ: A web-based charting tool that allows traders to access sophisticated technical analysis tools such as candlestick patterns, harmonic patterns, Elliott waves, Gann fans
- Binary Bot: A web-based tool that allows traders to create their own automated trading strategies using a simple drag-and-drop interface.
- DBot: A web-based tool that allows traders to create their own automated trading strategies using predefined logic blocks.
IFC Markets provides various analytical tools to help traders make informed decisions in the markets. Some of these tools include:
- Technical Analysis: A web-based tool that provides daily technical analysis reports on various instruments based on indicators such as moving averages
- Fundamental Analysis: A web-based tool that provides daily fundamental analysis reports on various instruments based on macroeconomic data
- Market Sentiment: A web-based tool that shows the percentage of buyers and sellers for each instrument
- Trading Calculator: A web-based tool that allows traders to calculate various parameters such as margin requirement
- Economic Calendar: A web-based tool that shows the upcoming economic events
Deriv vs IFC Markets Educational Resources Comparison
- Deriv is a forex broker that offers a variety of trading platforms, products and services, including Deriv Academy, which is an online learning center that provides free courses, videos, quizzes and webinars on forex trading, technical analysis, risk management and more.
- SuperForex is another forex broker that offers a range of trading instruments, account types and bonuses, as well as SuperForex Education, which is a section on their website that features articles, tutorials, videos, glossary and FAQs on various topics related to forex trading, market analysis, strategies and tips.
- Both brokers claim to offer high-quality and comprehensive educational resources for traders of all levels, but there are some differences in their content, format and accessibility. For example:
- Deriv Academy has more interactive and engaging features, such as quizzes and webinars, while SuperForex Education mainly relies on text and video materials.
- Deriv Academy covers more topics and categories, such as options trading, stocks trading, cryptocurrencies trading and MetaTrader 5 platform, while SuperForex Education focuses more on forex trading basics and fundamentals.
- Deriv Academy is available in multiple languages, such as English, Spanish, French, Portuguese, Indonesian and Thai, while SuperForex Education is only available in English.
Which offers better pricing – Deriv or IFC Markets
This depends on the type of instrument and account you are trading with. Deriv offers variable spreads on forex and commodities trading, starting from 0.9 pips for major currency pairs and 0.03 pips for gold. It also charges fixed commissions on synthetic indices trading ($0.10 per lot) and stocks & stock indices trading ($0.01 per share or 0.1% of contract value). IFC Markets charges fixed spreads on forex and CFD trading, starting from 1.8 pips for major currency pairs and 4 pips for gold. It also charges fixed commissions on stock CFDs ($0.10 per share) and cryptocurrency CFDs (0.1% of contract value). Therefore, Deriv may offer better pricing for some instruments, while IFC Markets may offer better pricing for others.
Which broker offers more security when trading Forex and CFDs?
Both brokers offer a high level of security when trading forex and CFDs, as they are regulated by reputable authorities and comply with strict rules and standards. Deriv is regulated by four authorities: the Malta Financial Services Authority (MFSA), the Labuan Financial Services Authority (LFSA), the Vanuatu Financial Services Commission (VFSC), and the British Virgin Islands Financial Services Commission (BVIFSC). IFC Markets is regulated by two authorities: the Cyprus Securities and Exchange Commission (CySEC) and the BVIFSC. Both brokers are regulated by the BVIFSC, which requires them to maintain adequate capital, segregate client funds, submit regular reports, and adhere to anti-money laundering rules. Deriv also has licenses from the MFSA, the LFSA, and the VFSC, which impose high standards of conduct and protection for traders. IFC Markets also has a license from the CySEC, which enforces strict rules such as negative balance protection, compensation scheme participation, leverage limits, and fair marketing practices.
Which broker offers the superior trading platform?
This depends on your personal preference and trading style. Deriv offers three trading platforms: Deriv App, DTrader, and DMT5. Deriv App is a web-based platform that allows traders to access the markets from any browser and device. It has a simple and user-friendly interface with various tools and features such as charts, indicators, price alerts, trade history, and market news. DTrader is another web-based platform that allows traders to customize their trading experience with over 50 trade types and durations. It has a sleek and intuitive design with advanced tools and features such as interactive charts, analysis tools, contract specifications, and trade statistics. DMT5 is the MetaTrader 5 platform that allows traders to access the full range of markets and instruments offered by Deriv. It has a powerful and sophisticated functionality with multiple tools and features such as technical analysis, automated trading, signals service, market depth, economic calendar
Do these brokers both offer MetaTrader?
Yes, both brokers offer MetaTrader as one of their trading platforms. Deriv offers MetaTrader 5 (MT5), while IFC Markets offers MetaTrader 4 (MT4). MT5 is the latest version of the popular and widely used platform that allows traders to access the forex and CFD markets with ease and efficiency. It has a robust and reliable functionality with multiple tools and features such as technical analysis, automated trading, signals service, market news, and more. MT4 is the previous version of the platform that has a similar functionality but with some differences in terms of instruments, order types, indicators, and execution modes.
How many Forex pairs can you expect from these brokers?
Deriv offers over 50 forex pairs, including major, minor, and exotic pairs. IFC Markets offers over 60 forex pairs, including major, minor, exotic, and cross pairs.
Is it safe to trade with Deriv?
Yes, it is safe to trade with Deriv, as it is a regulated and reputable broker that has been in the industry for over 20 years. Deriv is regulated by four authorities: the Malta Financial Services Authority (MFSA), the Labuan Financial Services Authority (LFSA), the Vanuatu Financial Services Commission (VFSC), and the British Virgin Islands Financial Services Commission (BVIFSC). These regulators ensure that Deriv complies with strict rules and standards regarding capital adequacy, client fund segregation, reporting, and anti-money laundering. Deriv also uses advanced encryption technology to protect the data and transactions of its clients.
Is it safe to trade with IFC Markets?
Yes, it is safe to trade with IFC Markets, as it is a regulated and reputable broker that has been in the industry for over 15 years. IFC Markets is regulated by two authorities: the Cyprus Securities and Exchange Commission (CySEC) and the British Virgin Islands Financial Services Commission (BVIFSC). These regulators ensure that IFC Markets complies with strict rules and standards regarding capital adequacy, client fund segregation, reporting, and anti-money laundering. IFC Markets also uses advanced encryption technology to protect the data and transactions of its clients.
Is Deriv a good broker?
Deriv is a good broker for traders who are looking for a wide range of markets, instruments, and platforms to trade with. Deriv offers forex, commodities, synthetic indices, stocks, and stock indices trading with variable spreads and commissions. Deriv also offers innovative assets such as Crash/Boom indices that simulate market movements and are available 24/7. Deriv provides three trading platforms: Deriv App, DTrader, and DMT5. Deriv App is a web-based platform that allows traders to access the markets from any browser and device. DTrader is another web-based platform that allows traders to customize their trading experience with over 50 trade types and durations. DMT5 is the MetaTrader 5 platform that allows traders to access the full range of markets and instruments offered by Deriv. Deriv also provides various analytical tools such as SmartTrader
Is IFC Markets a good broker?
IFC Markets is a good broker for traders who are looking for a wide range of markets, instruments, and platforms to trade with. IFC Markets offers forex, stocks & indices, cryptocurrencies, commodities, metals, and personal composite instruments (PCI) trading with fixed spreads and commissions. PCI are custom-made instruments that allow traders to create their own combinations of assets and trade them as a single unit. IFC Markets provides two trading platforms: MetaTrader 4 (MT4) and NetTradeX. MT4 is a popular and widely used platform that allows traders to access the forex and CFD markets with ease and efficiency. NetTradeX is a proprietary platform developed by IFC Markets that allows traders to access the forex and CFD markets with unique features such as creating and trading PCI. IFC Markets also provides various analytical tools such as technical analysis, fundamental analysis, market sentiment
Deriv vs IFC Markets. Which forex broker is better? Which forex broker should you choose?
I cannot recommend a specific broker for you, as the best broker for you depends on your personal preference and trading goals. However, I can give you a summary of the main differences between Deriv and IFC Markets based on the comparison I made earlier.
- Deriv is regulated by four authorities, while IFC Markets is regulated by two authorities. Both brokers are regulated by the BVIFSC, which is a reputable offshore regulator. Deriv also has licenses from the MFSA, the LFSA, and the VFSC, while IFC Markets also has a license from the CySEC.
- Deriv offers variable spreads and commissions on forex and CFD trading, while IFC Markets offers fixed spreads and commissions on forex and CFD trading. Deriv may offer better pricing for some instruments, while IFC Markets may offer better pricing for others.
- Deriv offers over 650 trading instruments across five asset classes: forex, stocks & indices, cryptocurrencies, commodities, and derived indices. Derived indices are synthetic indices that simulate market movements and are available 24/7. Deriv also offers innovative assets such as Crash/Boom indices that move up or down rapidly within a fixed time frame. IFC Markets offers over 600 trading instruments across six asset classes: forex, stocks & indices, cryptocurrencies, commodities, metals, and personal composite instruments (PCI). PCI are custom-made instruments that allow traders to create their own combinations of assets and trade them as a single unit.
- Deriv offers three trading platforms: Deriv App, DTrader, and DMT5. Deriv App is a web-based platform that allows traders to access the markets from any browser and device. DTrader is another web-based platform that allows traders to customize their trading experience with over 50 trade types and durations. DMT5 is the MetaTrader 5 platform that allows traders to access the full range of markets and instruments offered by Deriv. IFC Markets offers two trading platforms: MetaTrader 4 (MT4) and NetTradeX. MT4 is a popular and widely used platform that allows traders to access the forex and CFD markets with ease and efficiency. NetTradeX is a proprietary platform developed by IFC Markets that allows traders to access the forex and CFD markets with unique features such as creating and trading PCI.
- Deriv provides various analytical tools such as SmartTrader, TradingView, ChartIQ, Binary Bot, and DBot. These tools allow traders to analyze the markets using various indicators, drawing tools, time frames, chart types, automated trading strategies, etc. IFC Markets provides various analytical tools such as technical analysis, fundamental analysis
