Compare Deriv vs RoboMarkets
What is Deriv? What is RoboMarkets?
Deriv is an online trading platform that offers forex, commodities, synthetic indices, stocks, and stock indices. It has been in the industry since 1999 and is regulated by the Malta Financial Services Authority (MFSA) and the British Virgin Islands Financial Services Commission (BVIFSC). Deriv claims to provide a wide range of markets, trades and platforms, as well as low spreads, fast execution and free withdrawal of funds twice a month.
RoboMarkets is a European broker that offers stocks, indices, metals, energy commodities, soft commodities, forex and cryptocurrencies. It was founded in 2012 and is regulated by the Cyprus Securities and Exchange Commission (CySEC). RoboMarkets claims to provide competitive spreads, no commission on stocks trading, no restrictions on algorithmic trading, and a variety of account types and platforms.
Deriv vs RoboMarkets Overall Comparison
| Criteria | Deriv | RoboMarkets |
|---|---|---|
| Year of establishment | 1999 | 2012 |
| Regulation | MFSA, BVIFSC | CySEC |
| Number of instruments | Over 50 | Over 12,000 |
| Account types | Standard, Synthetic Indices | Pro, ISK for Stocks and ETFs, R StocksTrader for Stocks Trading, Prime, ECN, ProCent |
| Platforms | MT4, MT5, WebTrader, DTrader, DBot | MT4, MT5, WebTrader, R StocksTrader |
| Minimum deposit | $5 for Standard account | $100 for most account types |
| Maximum leverage | 1:1000 for forex | 1:2000 for forex |
| Spreads | From 0.9 pips for forex on Standard account | From 0 pips for forex on Prime account |
| Commission | None for forex and synthetic indices | None for stocks trading |
| Deposit and withdrawal methods | Bank wire transfer, credit/debit cards, e-wallets (Skrill, Neteller etc.), cryptocurrencies | Bank wire transfer, credit/debit cards, e-wallets (Skrill, Neteller etc.), cryptocurrencies |
Deriv vs RoboMarkets Regulation Comparison
Deriv is regulated by two authorities: the Malta Financial Services Authority (MFSA) and the British Virgin Islands Financial Services Commission (BVIFSC). The MFSA is the single regulator of financial services in Malta and is responsible for ensuring compliance with EU directives and standards. The BVIFSC is the regulator of financial services in the British Virgin Islands and is responsible for supervising and inspecting licensed entities.
RoboMarkets is regulated by one authority: the Cyprus Securities and Exchange Commission (CySEC). The CySEC is the supervisory authority of the investment services market in Cyprus and is responsible for ensuring compliance with EU directives and standards. The CySEC also participates in the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO).
Deriv vs RoboMarkets Trading Assets Comparison
Deriv offers four main categories of trading assets: forex, derived stocks & indices, cryptocurrencies and commodities. Forex includes major, minor and exotic currency pairs. Derived stocks & indices include synthetic indices that simulate market movements and real stocks & indices from US exchanges. Cryptocurrencies include Bitcoin, Ethereum and Litecoin. Commodities include metals (gold and silver) and oil.
RoboMarkets offers six main categories of trading assets: stocks, indices, metals, energy commodities, soft commodities and forex. Stocks include over 3,000 US stocks from NYSE and NASDAQ exchanges. Indices include world-famous indices such as DAX, Dow Jones and S&P 500. Metals include gold, silver, palladium and platinum. Energy commodities include oil, natural gas and heating oil. Soft commodities include wheat, corn and sugar. Forex includes major, minor and exotic currency pairs.
Deriv vs RoboMarkets Trading Fees Comparison
Deriv does not charge any commission on forex and synthetic indices trading. It charges a fixed commission of $0.015 per lot per side on real stocks & indices trading. It also charges swap fees for holding positions overnight.
RoboMarkets does not charge any commission on stocks trading. It charges a variable commission based on the account type and instrument for other trading assets. For example, it charges from $2 to $4 per lot per side for forex trading on Prime account. It also charges swap fees for holding positions overnight.
Deriv vs RoboMarkets Account Types Comparison
Deriv offers two main types of accounts: Standard and Synthetic Indices. Standard account is suitable for trading forex, commodities, real stocks & indices and cryptocurrencies. Synthetic Indices account is suitable for trading synthetic indices only. Both accounts have a minimum deposit of $5 and a maximum leverage of 1:1000 for forex.
RoboMarkets offers six types of accounts: Pro, ISK for Stocks and ETFs, R StocksTrader for Stocks Trading, Prime, ECN and ProCent. Pro account is the most popular account type and is suitable for traders with different levels of experience. ISK account is a special type of account for Swedish clients with improved conditions for trading US stocks and ETFs. R StocksTrader account is designed for stock trading and offers access to over 12,000 instruments. Prime account is a premium account with some of the lowest spreads in the industry. ECN account is intended for professional investors who trade currency pairs. ProCent account is designed for testing new trading strategies with small deposits. The minimum deposit for most accounts is $100 and the maximum leverage for forex is 1:2000.
Deriv vs RoboMarkets Trading Conditions Comparison
Deriv offers market execution and floating spreads on all its accounts. The average spread for EUR/USD on Standard account is 1.2 pips. Deriv allows scalping, hedging and expert advisors on its platforms. Deriv also offers negative balance protection and Islamic accounts.
RoboMarkets offers market execution and floating spreads on all its accounts. The average spread for EUR/USD on Prime account is 0 pips. RoboMarkets allows scalping, hedging and expert advisors on its platforms. RoboMarkets also offers negative balance protection and Islamic accounts.
Deriv vs RoboMarkets Deposit Options Comparison
Both brokers offer various deposit and withdrawal options for their clients. However, there are some differences in the fees, processing time, and availability of each option.
Deriv accepts deposits and withdrawals via bank wire transfer, credit/debit cards (Visa/Mastercard), e-wallets (Skrill/Neteller/Fasapay/Perfect Money/WebMoney), cryptocurrencies (Bitcoin/Ethereum/Litecoin/USDT), and local payment methods (Paytrust88/Jeton/iWallet/Payliv/Zingpay). Deriv does not charge any fees for deposits or withdrawals except for bank wire transfers which may incur bank fees. Deriv processes deposits instantly or within one working day depending on the method. Deriv processes withdrawals within one working day or up to five working days depending on the method.
RoboMarkets accepts deposits and withdrawals via bank wire transfer, credit/debit cards (Visa/Mastercard/Maestro), e-wallets (Skrill/Neteller/Fasapay/Perfect Money/WebMoney), cryptocurrencies (Bitcoin/Ethereum/Litecoin/Ripple/Bitcoin Cash), local payment methods (Trustly/Sofort/Giropay/iDEAL/Przelewy24/Multibanco), prepaid cards (Paysafecard), online banking (Klarna), mobile payments (M-Pesa), and cash vouchers (Tigo Pesa).
Deriv vs RoboMarkets Trading Platforms Comparison
Deriv offers four trading platforms: MT4, MT5, WebTrader and DTrader. MT4 and MT5 are the most popular platforms in the industry that offer advanced charting tools, indicators, scripts and expert advisors. WebTrader is a web-based platform that allows traders to access their accounts from any browser. DTrader is a proprietary platform that allows traders to create their own trades with various parameters.
RoboMarkets offers four trading platforms: MT4, MT5, WebTrader and R StocksTrader. MT4 and MT5 are the same as Deriv’s platforms. WebTrader is a web-based platform that allows traders to access their accounts from any browser. R StocksTrader is a proprietary platform that allows traders to trade over 12,000 instruments, including stocks, indices, ETFs and CFDs.
Deriv vs RoboMarkets Analytical Tools Comparison
Deriv offers various analytical tools to help traders make informed decisions, such as economic calendar, market news, trading signals, volatility indices and smart charts.
RoboMarkets offers various analytical tools to help traders make informed decisions, such as economic calendar, market news, trading signals, market sentiment, technical analysis, trading calculators and R Trader Strategy Builder.
Deriv vs RoboMarkets Educational Resources Comparison
Both brokers offer some educational resources for their clients. However, there are some differences in the scope, depth, and quality of each resource.
Deriv offers some basic educational resources such as video tutorials, glossary, FAQs, blog posts, webinars, and ebooks. However, these resources are not very extensive or detailed. Deriv also does not offer any courses or quizzes to test the knowledge of its clients.
RoboMarkets offers more extensive and detailed educational resources such as video tutorials, glossary, FAQs, blog posts, webinars, ebooks, courses (from RoboForex), quizzes (from RoboForex), podcasts (from RoboForex), articles (from Claws & Horns), and analytics magazine (from Claws & Horns) . These resources cover various topics such as trading basics, strategies, psychology, risk management, technical analysis, fundamental analysis, platform guides, and market reviews. RoboMarkets also offers courses and quizzes to test the knowledge of its clients.
Which offers better pricing – Deriv or RoboMarkets
Deriv does not charge any commission on forex and synthetic indices trading. It charges a fixed commission of $0.015 per lot per side on real stocks & indices trading. It also charges swap fees for holding positions overnight. The average spread for EUR/USD on Standard account is 1.2 pips.
RoboMarkets does not charge any commission on stocks trading. It charges a variable commission based on the account type and instrument for other trading assets. For example, it charges from $2 to $4 per lot per side for forex trading on Prime account. It also charges swap fees for holding positions overnight. The average spread for EUR/USD on Prime account is 0 pips.
Based on this information, RoboMarkets seems to offer better pricing for forex trading, especially on Prime account, as it has lower spreads and commissions than Deriv. However, Deriv may offer better pricing for synthetic indices trading, as it does not charge any commission and has competitive spreads.
Which broker offers more security when trading Forex and CFDs?
Deriv is regulated by two authorities: the Malta Financial Services Authority (MFSA) and the British Virgin Islands Financial Services Commission (BVIFSC). The MFSA is the single regulator of financial services in Malta and is responsible for ensuring compliance with EU directives and standards. The BVIFSC is the regulator of financial services in the British Virgin Islands and is responsible for supervising and inspecting licensed entities.
RoboMarkets is regulated by one authority: the Cyprus Securities and Exchange Commission (CySEC). The CySEC is the supervisory authority of the investment services market in Cyprus and is responsible for ensuring compliance with EU directives and standards. The CySEC also participates in the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO).
Both brokers offer fund protection through segregated accounts, negative balance protection and compensation schemes. Deriv offers up to €20,000 of compensation per client under the Investor Compensation Scheme (ICS) in Malta. RoboMarkets offers up to €20,000 of compensation per client under the Investor Compensation Fund (ICF) in Cyprus.
Both brokers also use SSL encryption to protect their clients’ data and transactions. Both brokers offer customer support via phone, email, live chat and social media.
Based on this information, both brokers offer a high level of security when trading forex and CFDs. However, RoboMarkets may have an edge over Deriv as it is regulated by a more reputable authority (CySEC) that follows stricter rules and standards.
Which broker offers the superior trading platform?
Deriv offers four trading platforms: MT4, MT5, WebTrader and DTrader. MT4 and MT5 are the most popular platforms in the industry that offer advanced charting tools, indicators, scripts and expert advisors. WebTrader is a web-based platform that allows traders to access their accounts from any browser. DTrader is a proprietary platform that allows traders to create their own trades with various parameters.
RoboMarkets offers four trading platforms: MT4, MT5, WebTrader and R StocksTrader. MT4 and MT5 are the same as Deriv’s platforms. WebTrader is a web-based platform that allows traders to access their accounts from any browser. R StocksTrader is a proprietary platform that allows traders to trade over 12,000 instruments, including stocks, indices, ETFs and CFDs.
Based on this information, both brokers offer a variety of trading platforms that cater to different needs and preferences of traders. However, RoboMarkets may have an edge over Deriv as it offers more instruments on its R StocksTrader platform than Deriv does on its DTrader platform.
Do these brokers both offer MetaTrader?
Yes, both brokers offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These are the most popular platforms in the industry that offer advanced charting tools, indicators, scripts and expert advisors. They are also compatible with various devices and operating systems, such as Windows, Mac, Linux, Android and iOS.
How many Forex pairs can you expect from these brokers?
Forex pairs are one of the most traded instruments in the market. They include major, minor and exotic currency pairs.
Deriv offers over 50 forex pairs on its platforms. These include EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, USD/CHF and more.
RoboMarkets offers over 40 forex pairs on its platforms. These include EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, USD/CHF and more.
Based on this information, Deriv offers more forex pairs than RoboMarkets. However, both brokers offer a sufficient number of forex pairs to meet the needs and preferences of most traders.
Is it safe to trade with Deriv?
Deriv is a safe broker to trade with as it is regulated by two authorities: the MFSA and the BVIFSC. It also offers fund protection through segregated accounts, negative balance protection and compensation schemes. It also uses SSL encryption to protect its clients’ data and transactions. It also offers customer support via phone, email, live chat and social media.
Is it safe to trade with RoboMarkets?
RoboMarkets is a safe broker to trade with as it is regulated by one authority: the CySEC. It also offers fund protection through segregated accounts, negative balance protection and compensation schemes. It also uses SSL encryption to protect its clients’ data and transactions. It also offers customer support via phone, email, live chat and social media.
Is Deriv a good broker?
Deriv is a good broker as it offers a wide range of markets, trades and platforms. It also offers low spreads, fast execution and free withdrawal of funds twice a month. It also offers various analytical tools and educational resources to help traders make informed decisions and improve their skills.
Is RoboMarkets a good broker?
RoboMarkets is a good broker as it offers competitive spreads, no commission on stocks trading, no restrictions on algorithmic trading, and a variety of account types and platforms. It also offers various analytical tools and educational resources to help traders make informed decisions and improve their skills.
Deriv vs RoboMarkets. 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 needs, preferences, goals and strategies. However, some of the factors that you may want to consider when comparing brokers are:
- Pricing: This includes spreads, commissions, swap fees and other charges that may affect your trading profitability. The best pricing depends on the type of instrument, account and trade you are using.
- Security: This includes regulation, licensing, fund protection, data encryption and customer support. The best security depends on the reputation, reliability and transparency of the broker and the authority that regulates it.
- Trading platform: This includes features, functionality, usability, compatibility and performance. The best trading platform depends on the ease of use, speed of execution, variety of instruments and tools that it offers.
- Trading assets: This includes the number and type of instruments that you can trade with the broker. The best trading assets depend on the availability, diversity and liquidity of the markets that you are interested in.
- Trading conditions: This includes leverage, margin, lot size, order types, execution type and trading restrictions. The best trading conditions depend on the risk-reward ratio, flexibility and efficiency that they provide.
- Trading services: This includes analytical tools, educational resources, bonuses, promotions and customer feedback. The best trading services depend on the quality, quantity and usefulness of the information, guidance and incentives that they provide.
Based on these factors, you may want to compare Deriv and RoboMarkets using the information I provided in my previous response. You may also want to visit their websites and try out their demo accounts to get a better feel of their platforms and services. Ultimately, the choice is yours and you should do your own research before making a decision.
