Feature | eToro | Deriv |
---|---|---|
Platform Type | Multi-asset trading platform, Social trading platform | Derivatives trading platform, Proprietary trading tools |
Assets Offered | Stocks, ETFs, Forex, Cryptocurrencies, Commodities, Indices | Forex, Commodities, Synthetic indices, Options, CFDs |
Social Trading | Yes, CopyTrading feature to replicate expert strategies | No |
Regulation | Regulated by FCA (UK), ASIC (Australia), CySEC (Cyprus), FinCEN (US) | Regulated by MFSA (Malta), VFSC (Vanuatu), Labuan FSA (Malaysia) |
Minimum Deposit | $50 - $200 (varies by region) | $5 |
Leverage | Up to 1:30 for retail traders (higher for professionals in certain regions) | Up to 1:1000 |
Fees and Commissions | No commission on stocks and ETFs, spreads, overnight fees | No commission, spreads, swap fees |
Deposit Methods | Bank transfer, Credit/Debit cards, PayPal, Skrill, Neteller, Crypto wallets | Bank transfer, Credit/Debit cards, Skrill, Neteller, Crypto wallets |
Withdrawal Methods | Same as deposit methods, Processing time: 1-8 business days | Same as deposit methods, Processing time: 1-2 business days |
Trading Platforms | Web-based platform, Mobile app | Proprietary WebTrader, MT5, Binary Bot |
Mobile App | Yes, Comprehensive features, User-friendly | Yes, Simplistic, Focused on core features |
Account Types | Retail, Professional, Islamic | Standard, DMT5, Deriv X, Synthetic account |
Education and Resources | Tutorials, Webinars, Market news, Blogs | Tutorials, Webinars, Blog, Trading guides |
Demo Account | Yes, Unlimited virtual funds | Yes, Unlimited virtual funds |
Customer Support | 24/5 live chat, Email, Ticket-based system | 24/7 live chat, Email, Ticket-based system |
Available Languages | Multilingual support for 20+ languages | Multilingual support for 15+ languages |
Charting and Analysis Tools | Advanced tools, News feed integration, Proprietary analysis tools | Basic charting, Integrated MT5 analysis |
Security Features | 2FA, Segregated accounts, SSL encryption | 2FA, Segregated accounts, SSL encryption |
Unique Features | Social trading, Commission-free stock trading | Synthetic indices trading, Proprietary trading tools |
Best For | Beginner to advanced traders, Investors seeking social trading | Experienced traders, Traders seeking high leverage and synthetic markets |
Geographical Availability | 140+ countries, Not available in the US | Available in most regions, including restricted countries |
Trade Execution Speed | Fast execution, suitable for social and retail trading | Ultra-fast execution, optimized for high-frequency and derivatives trading |
Risk Management Tools | Stop Loss, Take Profit, Trailing Stop | Stop Loss, Take Profit, Multiplier settings for risk control |
Market Orders Available | Market, Limit, Stop-loss, Take-profit orders | Market, Limit, Stop-loss orders |
Algorithmic Trading | Not supported on the native platform, APIs available for developers | Fully supported with Binary Bot, MT5, and custom scripting options |
Synthetic Markets | Not available | Yes, offers synthetic indices that simulate real-world market conditions |
Copy Trading Cost | Free to copy, but traders may charge additional fees | Not available |
Spreads | Variable spreads, typically tighter for major Forex pairs | Variable spreads, usually higher for synthetic indices |
Margin Requirements | Fixed per asset, varies based on account type | Flexible margin, higher leverage on specific accounts |
Transaction Fees | No deposit fees, Withdrawal fees depend on method | No deposit or withdrawal fees for most methods |
Asset Availability on Weekends | Limited (crypto markets are open) | Synthetic indices are available 24/7 |
Custom Indicators | Not supported on the native platform | Fully supported on MT5, Limited on proprietary platforms |
Partnership Programs | Affiliate programs, Popular Investor program | Affiliate program, Introducing Broker (IB) options |
API Access | eToro API available for developers | API access available for advanced trading customization |
Trading Community | Integrated social network with feeds, interaction between users | No integrated social features, Community interaction limited to forums |
Account Verification | ID verification required, Proof of address mandatory | ID verification required, Proof of address optional in some regions |
Scalping and Hedging | Allowed, but with restrictions for retail clients | Fully supported |
Swap-Free Accounts | Available for Islamic accounts | Available for Islamic accounts |
Trading Incentives | Occasional promotions, Deposit bonuses not common | Promotions and deposit bonuses offered in specific regions |
Automated Withdrawals | Not available, Manual processing | Available for some methods, Faster automated processing |
Customizability of Interface | Limited customization options, Focused on simplicity | Highly customizable in MT5, Limited on proprietary platform |
Learning Curve | Beginner-friendly, Visual aids for understanding trading | Steeper learning curve, Particularly for advanced tools like MT5 and Binary Bot |
Deposit Processing Time | Instant for most methods | Instant for most methods |
Withdrawal Limits | No fixed limits, but subject to account verification | No fixed limits, but subject to account verification |
Regulatory Transparency | Provides clear regulatory documentation | Detailed regulatory disclosure available |
Cryptocurrency Wallet | eToro Money Wallet, Secure for transferring and holding crypto assets | No native wallet, Transfers require external wallets |
Synthetic Index Volatility | Not available | Unique offering, Tracks market-like volatility levels |
Web-based Platform Features | Integrated portfolio management, Community engagement tools | Simple interface, Focused on fast execution and basic charting |
Desktop Platform Availability | Not available, Primarily web and mobile-based | Available via MT5 and custom desktop apps |
Advanced Order Types | Good Till Cancelled (GTC), Immediate or Cancel (IOC) | Good Till Cancelled (GTC), Fill or Kill (FOK) |
Mobile Trading Features | Full access to trading, CopyTrading, Deposit/Withdraw functionalities | Limited charting tools, Trade execution and account management |
Market Coverage | Real-world markets only | Real-world and synthetic markets |
Trader Competitions | Rare, Limited promotional campaigns | Regular contests, Especially for synthetic indices and MT5 users |
Technical Support | Available during market hours, Multi-channel support | Available 24/7, Multi-channel support |
Platform Updates | Regular updates for new features and asset additions | Regular updates, Focused on enhancing synthetic trading tools |
Local Payment Methods | Supports localized payment methods in multiple regions | Extensive support for regional payment methods |
Options Trading | Not available | Available with customizable payout ratios |
Binary Options | Not supported | Fully supported |
Historical Data Access | Limited to recent activity on the platform | Comprehensive historical data, Especially on MT5 |
Spread Comparison | Tight spreads on stocks and ETFs, Wider on niche assets | Variable spreads, May widen significantly during volatility |
Risk of Slippage | Minimal, Well-managed for most assets | Moderate, Particularly on synthetic indices |
Virtual Reality Integration | Not available | Not available |
Custom Alerts | Price and market alerts supported via mobile app | Basic alerts available, Advanced alerts on MT5 |
Regulatory Restrictions | Restricted in the USA, Some assets unavailable in certain countries | Limited restrictions, Available in more regions |
Target User Base | Investors seeking diversification and long-term growth | Traders looking for high-leverage, short-term and derivatives-focused instruments |
Cultural Inclusivity | Focused on global investors, Strong focus on US and EU markets | Inclusive of traders from emerging markets, Strong appeal in Asia and Africa |
Interest on Idle Funds | No interest offered | No interest offered |
Fee Transparency | Detailed fee structure available on the website | Clear fee breakdown for spreads, swaps, and synthetic markets |
Data Security | High-level encryption, GDPR-compliant | High-level encryption, GDPR and similar compliance |
Innovation in Trading | CopyTrading, Fractional shares, Social trading | Synthetic indices, Binary options, Multiplier trading |
eToro excels in social trading and diverse asset offerings, while Deriv specializes in high-leverage derivatives and synthetic indices, catering to advanced traders.