Compare Deriv vs WorldForex. Should trade at Deriv or WorldForex?

Compare Deriv vs WorldForex

What is Deriv? What is WorldForex?

• Deriv is an online trading platform that offers forex, commodities, synthetic indices, stocks, and stock indices. It was launched in 2020 by Regent Markets Group, which also operates Binary.com and BetonMarkets.com. Deriv claims to offer the widest range of markets, trades and platforms for online trading.
• WorldForex is an online trading platform that offers forex, digital contracts, stocks and futures. It was founded in 2007 and claims to offer the best conditions for trade, such as low spreads, high leverage, fast execution and various bonuses.

Deriv vs WorldForex Overall Comparison

Deriv vs WorldForex Regulation Comparison

• Deriv is regulated by four different authorities in different jurisdictions: Malta Financial Services Authority (MFSA), Vanuatu Financial Services Commission (VFSC), British Virgin Islands Financial Services Commission (FSC), and Labuan Financial Services Authority (LFSA). Deriv also holds a Category 3 Investment Services licence issued by the MFSA which allows it to provide investment services and to hold or control clients’ money or assets.
• WorldForex is regulated by only one authority: Vanuatu Financial Services Commission (VFSC). WorldForex does not provide any information about its licence number or its compliance with anti-money laundering and investor protection policies on its website.

Deriv vs WorldForex Trading Assets Comparison

• Deriv offers a wide range of trading assets across different markets: forex (50+ currency pairs), commodities (metals, energies and softs), synthetic indices (10+ simulated markets that mimic real-world movements), stocks (100+ companies from various sectors and regions), and stock indices (15+ global indices that track the performance of a group of stocks).
• WorldForex offers a more limited range of trading assets: forex (40+ currency pairs), digital contracts (binary options based on various underlying assets such as currencies, commodities and indices), stocks (50+ companies from various sectors and regions), and futures (contracts based on commodities and indices).

Deriv vs WorldForex Trading Fees Comparison

• Deriv charges variable spreads depending on the market conditions and the type of account. The average spreads for some of the popular instruments are: EUR/USD – 1.2 pips; GBP/USD – 1.5 pips; USD/JPY – 1.3 pips; XAU/USD – 40 cents; US500 – 0.4 points; US30 – 3 points. Deriv does not charge any commissions or swap fees for CFDs and options trading. However, it does charge a commission of $0.015 per lot for multipliers trading. Deriv also charges a dormant fee of $25 per month for accounts that have no activity for more than 12 months.
• WorldForex charges fixed spreads regardless of the market conditions and the type of account. The fixed spreads for some of the popular instruments are: EUR/USD – 2 pips; GBP/USD – 3 pips; USD/JPY – 2 pips; XAU/USD – 50 cents; US500 – 1 point; US30 – 4 points. WorldForex does not charge any commissions or swap fees for forex and digital contracts trading. However, it does charge a commission of $10 per lot for stocks and futures trading. WorldForex does not charge any dormant fees for inactive accounts.

Deriv vs WorldForex Account Types Comparison

• Deriv offers four types of accounts for different trading preferences and needs: Standard, Advanced, Synthetic Indices, and Financial STP. The Standard account is suitable for beginners and offers access to all markets except synthetic indices. The Advanced account is suitable for experienced traders and offers lower spreads and higher leverage than the Standard account. The Synthetic Indices account is suitable for traders who want to trade simulated markets that are available 24/7. The Financial STP account is suitable for traders who want to trade with direct market access and no requotes.
• WorldForex offers three types of accounts for different trading preferences and needs: W-Cent, W-Pro, and W-ECN. The W-Cent account is suitable for beginners and offers micro lots, low spreads and high leverage. The W-Pro account is suitable for experienced traders and offers standard lots, fixed spreads and high leverage. The W-ECN account is suitable for traders who want to trade with direct market access, variable spreads and low commissions.

Deriv vs WorldForex Trading Conditions Comparison

• Deriv offers flexible trading conditions that allow traders to choose from various trade types, platforms, instruments and markets. Deriv also offers fast execution, no requotes, no slippage, no hidden fees, negative balance protection, and risk management tools such as stop loss, take profit, and deal cancellation.
• WorldForex offers standard trading conditions that allow traders to trade forex and digital contracts on MetaTrader 4 and MetaTrader 5 platforms. WorldForex also offers fast execution, no requotes, no slippage, no hidden fees, negative balance protection, and risk management tools such as stop loss, take profit, and trailing stop.

Deriv vs WorldForex Deposit Options Comparison

• Deriv offers a variety of deposit and withdrawal options that include 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 or withdrawals. However, some payment methods may have their own fees or limits. The minimum deposit amount is $5 and the minimum withdrawal amount is $10. The processing time for deposits is instant or up to one working day. The processing time for withdrawals is up to one working day or up to three working days for bank wire transfers.
• WorldForex offers a limited number of deposit and withdrawal options that include bank wire transfer, credit/debit cards, e-wallets (Skrill, Neteller etc.), and cryptocurrencies (Bitcoin etc.). WorldForex does not charge any fees for deposits or withdrawals. However, some payment methods may have their own fees or limits. The minimum deposit amount is $1 and the minimum withdrawal amount is $10. The processing time for deposits is instant or up to one working day. The processing time for withdrawals is up to 30 minutes or up to three working days for bank wire transfers.

Deriv vs WorldForex Trading Platforms Comparison

• Deriv offers nine trading platforms that cater to different trading styles and preferences: DTrader, DBot, DMT5, SmartTrader, Binary Bot, Binary WebTrader, Binary Tick Trade App. DTrader is a web-based platform that allows traders to trade over 50 assets with various trade types and durations. DBot is a web-based platform that allows traders to create and run automated trading strategies without coding. DMT5 is a desktop platform that allows traders to trade forex and CFDs on the MetaTrader 5 platform with leverage up to 1:1000. SmartTrader is a web-based platform that allows traders to trade binary options on over 100 assets with various trade types and durations. Binary Bot is a web-based platform that allows traders to create and run automated trading strategies for binary options without coding. Binary WebTrader is a web-based platform that allows traders to trade binary options with advanced charting and analysis tools. Binary Tick Trade App is a mobile app that allows traders to trade binary options with ultra-fast execution.
• WorldForex offers two trading platforms that are widely used in the forex industry: MetaTrader 4 and MetaTrader 5. MetaTrader 4 is a desktop platform that allows traders to trade forex and digital contracts with sophisticated technical analysis, flexible trading system, algorithmic trading and trading advisors, as well as applications for mobile trading. MetaTrader 5 is a desktop platform that allows traders to trade forex, stocks and futures with advanced capabilities for technical analysis, algorithmic trading and strategy tester.

Deriv vs WorldForex Analytical Tools Comparison

• Deriv offers various analytical tools to help traders make informed trading decisions. Some of these tools are: Performance Analytics (a tool that provides insights into your trading performance and helps you identify your strengths and weaknesses), SMART Signals (a tool that provides you with actionable trade ideas based on technical analysis), TradingView charts (a tool that provides you with advanced charting and analysis features), Economic Calendar (a tool that provides you with important economic events and indicators that may affect the markets), Market News (a tool that provides you with the latest market news and updates from Reuters).
• WorldForex offers limited analytical tools to help traders make informed trading decisions. Some of these tools are: Economic Calendar (a tool that provides you with important economic events and indicators that may affect the markets), Market News (a tool that provides you with the latest market news and updates from various sources), Trading Signals (a tool that provides you with buy or sell signals based on technical analysis).

Deriv vs WorldForex Educational Resources Comparison

• Deriv offers various educational resources to help traders learn and improve their trading skills. Some of these resources are: Deriv Academy (a collection of online courses, videos, quizzes, and articles on various topics related to online trading), Glossary (a list of common terms and definitions used in online trading), FAQ (a list of frequently asked questions and answers about Deriv’s products and services), Blog (a collection of articles on various topics related to online trading, such as market analysis, trading strategies, tips and tricks, etc.).
• WorldForex offers limited educational resources to help traders learn and improve their trading skills. Some of these resources are: Training (a collection of videos on various topics related to online trading, such as market analysis, trading platforms, digital contracts, etc.), FAQ (a list of frequently asked questions and answers about WorldForex’s products and services), Blog (a collection of articles on various topics related to online trading, such as market analysis, trading strategies, tips and tricks, etc.)

Which offers better pricing – Deriv or WorldForex

• Deriv offers better pricing than WorldForex in terms of spreads, commissions and fees. Deriv charges variable spreads that depend on the market conditions and the type of account. The average spreads for some of the popular instruments are: EUR/USD – 1.2 pips; GBP/USD – 1.5 pips; USD/JPY – 1.3 pips; XAU/USD – 40 cents; US500 – 0.4 points; US30 – 3 points. Deriv does not charge any commissions or swap fees for CFDs and options trading. However, it does charge a commission of $0.015 per lot for multipliers trading. Deriv also charges a dormant fee of $25 per month for accounts that have no activity for more than 12 months.
• WorldForex offers worse pricing than Deriv in terms of spreads, commissions and fees. WorldForex charges fixed spreads regardless of the market conditions and the type of account. The fixed spreads for some of the popular instruments are: EUR/USD – 2 pips; GBP/USD – 3 pips; USD/JPY – 2 pips; XAU/USD – 50 cents; US500 – 1 point; US30 – 4 points. WorldForex does not charge any commissions or swap fees for forex and digital contracts trading. However, it does charge a commission of $10 per lot for stocks and futures trading. WorldForex does not charge any dormant fees for inactive accounts.

Which broker offers more security when trading Forex and CFDs?

• Deriv offers more security than WorldForex when trading Forex and CFDs. Deriv is regulated by four different authorities in different jurisdictions: Malta Financial Services Authority (MFSA), Vanuatu Financial Services Commission (VFSC), British Virgin Islands Financial Services Commission (FSC), and Labuan Financial Services Authority (LFSA). Deriv also holds a Category 3 Investment Services licence issued by the MFSA which allows it to provide investment services and to hold or control clients’ money or assets. Deriv also offers negative balance protection, which means that clients cannot lose more than their account balance.
• WorldForex offers less security than Deriv when trading Forex and CFDs. WorldForex is regulated by only one authority: Vanuatu Financial Services Commission (VFSC). WorldForex does not provide any information about its licence number or its compliance with anti-money laundering and investor protection policies on its website. WorldForex does not offer negative balance protection, which means that clients can lose more than their account balance.

Which broker offers the superior trading platform?

• Deriv offers the superior trading platform than WorldForex in terms of variety, functionality and user-friendliness. Deriv offers nine trading platforms that cater to different trading styles and preferences: DTrader, DBot, DMT5, SmartTrader, Binary Bot, Binary WebTrader, Binary Tick Trade App. These platforms offer various features such as advanced charting and analysis tools, automated trading strategies, trade types and durations, market news and signals, performance analytics, etc.. Deriv also offers access to TradingView charts, which are widely used by traders for technical analysis.
• WorldForex offers an inferior trading platform than Deriv in terms of variety, functionality and user-friendliness. WorldForex offers only two trading platforms that are widely used in the forex industry: MetaTrader 4 and MetaTrader 5. These platforms offer basic features such as technical analysis, flexible trading system, algorithmic trading and trading advisors, as well as applications for mobile trading.

Do these brokers both offer MetaTrader?

• Deriv does not offer MetaTrader 4 but it does offer MetaTrader 5 as one of its trading platforms. MetaTrader 5 is a desktop platform that allows traders to trade forex and CFDs on the MetaTrader 5 platform with leverage up to 1:1000.
• WorldForex does offer both MetaTrader 4 and MetaTrader 5 as its trading platforms. MetaTrader 4 is a desktop platform that allows traders to trade forex and digital contracts with sophisticated technical analysis, flexible trading system, algorithmic trading and trading advisors, as well as applications for mobile trading. MetaTrader 5 is a desktop platform that allows traders to trade forex, stocks and futures with advanced capabilities for technical analysis, algorithmic trading and strategy tester.

How many Forex pairs can you expect from these brokers?

• Deriv offers more than 50 forex pairs to trade with, including major, minor and exotic pairs.
• WorldForex offers more than 40 forex pairs to trade with, including major, minor and exotic pairs.

Is it safe to trade with Deriv?

Deriv is safe to trade with as it is regulated by four different authorities in different jurisdictions: Malta Financial Services Authority (MFSA), Vanuatu Financial Services Commission (VFSC), British Virgin Islands Financial Services Commission (FSC), and Labuan Financial Services Authority (LFSA). Deriv also holds a Category 3 Investment Services licence issued by the MFSA which allows it to provide investment services and to hold or control clients’ money or assets. Deriv also offers negative balance protection, which means that clients cannot lose more than their account balance.

Is it safe to trade with WorldForex?

WorldForex is not very safe to trade with as it is regulated by only one authority: Vanuatu Financial Services Commission (VFSC). WorldForex does not provide any information about its licence number or its compliance with anti-money laundering and investor protection policies on its website. WorldForex does not offer negative balance protection, which means that clients can lose more than their account balance.

Is Deriv a good broker?

Deriv is a good broker for traders who are looking for a wide range of markets, trades and platforms for online trading. Deriv offers flexible trading conditions, low trading costs, fast execution, no requotes, no slippage, no hidden fees, and risk management tools. Deriv also offers various analytical tools and educational resources to help traders make informed trading decisions and improve their trading skills.

Is WorldForex a good broker?

WorldForex is not a very good broker for traders who are looking for a reliable and secure online trading platform. WorldForex offers limited trading assets, platforms, tools and resources. WorldForex also charges high spreads, commissions and fees. WorldForex has weak regulation and does not offer negative balance protection.

Deriv vs WorldForex. Which forex broker is better? Which forex broker should you choose?

Based on the comparison I have provided, Deriv is a better forex broker than WorldForex in terms of pricing, security, platform, assets, tools and resources. Deriv offers more advantages and benefits for traders who want to trade forex and other markets online. Therefore, you should choose Deriv as your forex broker if you want to have a superior trading experience.