Feature | Deriv | AvaTrade |
---|---|---|
Year Established | 1999 | 2006 |
Regulation | Regulated by MFSA, VFSC, FSC | Regulated by ASIC, FSA, FSCA, FFAJ, Central Bank of Ireland, CySEC, ISA |
Headquarters | Malta | Dublin, Ireland |
Trading Platforms | DTrader, MetaTrader 5 (MT5), Deriv X, SmartTrader, Binary Bot, Deriv GO | MetaTrader 4 (MT4), MetaTrader 5 (MT5), AvaTradeGO, WebTrader, AvaOptions |
Assets Offered | Forex, Commodities, Stocks, Indices, Cryptocurrencies, Synthetic Indices | Forex, Commodities, Stocks, Indices, Cryptocurrencies, ETFs, Bonds, Options |
Leverage | Up to 1:1000 (varies by asset and region) | Up to 1:400 (varies by asset and region) |
Minimum Deposit | $5 | $100 |
Trading Fees | Low spreads, no commissions on most assets | Competitive spreads, no commissions on most assets, overnight fees apply |
Deposit Methods | Bank transfer, Credit/Debit cards, E-wallets (Skrill, Neteller), Cryptocurrency | Bank transfer, Credit/Debit cards, E-wallets (Skrill, Neteller, PayPal), Cryptocurrency |
Withdrawal Methods | Bank transfer, Credit/Debit cards, E-wallets, Cryptocurrency | Bank transfer, Credit/Debit cards, E-wallets, Cryptocurrency |
Execution Type | Market Execution | Market Execution |
Spreads | Variable, starting from 0.1 pips | Variable, starting from 0.9 pips |
Commission | None on most assets | None on most assets, except specific options contracts |
Mobile Trading | Yes, via Deriv GO and MetaTrader apps | Yes, via AvaTradeGO and MetaTrader apps |
Educational Resources | Limited, basic tutorials and blogs | Extensive, including video tutorials, eBooks, webinars, and market analysis |
Demo Account | Yes | Yes |
Copy Trading | Not available | Yes, via AvaSocial and ZuluTrade |
Trading Signals | Available on MT5 | Available on MT4 and MT5, including DupliTrade and third-party signals |
Customer Support | 24/7 via live chat, email | 24/5 via live chat, email, phone |
Negative Balance Protection | Yes | Yes |
Islamic Account | Yes | Yes |
Bonus & Promotions | Rare, limited promotions | Frequent bonuses and promotions, subject to regulations |
Languages Supported | Multiple, including English, Spanish, French, Chinese | Multiple, including English, Spanish, French, German, Arabic, Chinese |
Algo Trading | Yes, supports MT5 Expert Advisors and Binary Bot | Yes, supports MT4/MT5 Expert Advisors |
Market Instruments | CFDs, Binary Options, Multipliers | CFDs, Options, Forex, Cryptocurrencies |
API Access | Yes, via Binary.com API | No direct API access |
Trust Score | High | Very High |
Best For | Binary options and synthetic indices traders | Beginner to advanced traders looking for diverse assets and education |
Social Trading | Lacks integrated social trading features | Offers social trading via AvaSocial and ZuluTrade |
Charting Tools | Advanced charting with indicators on DTrader and MT5 | Extensive charting tools with technical indicators on MT4, MT5, and WebTrader |
Scalping and Hedging | Supports both strategies | Supports both strategies |
Order Types | Market, Limit, Stop Loss, Take Profit, Trailing Stop | Market, Limit, Stop Loss, Take Profit, Trailing Stop, One Cancels Other (OCO) |
VPS Hosting | Offers VPS for MT5 users | Provides free VPS for qualifying accounts |
Risk Management Tools | Built-in risk management on DTrader and MT5 | Advanced tools including AvaProtect for loss protection |
Transaction Fees | No deposit fees, potential withdrawal fees based on method | No deposit fees, withdrawal fees vary by method |
Trading Hours | 24/7 trading available for synthetic indices | 24/5 trading for most assets, some cryptocurrencies available 24/7 |
Interest on Unused Funds | Does not offer interest on unused funds | Does not offer interest on unused funds |
Partnership Programs | Affiliate and IB programs with competitive commissions | Multiple partnership options including affiliate and white label programs |
Contests and Challenges | Rare, limited to specific events | Frequent trading contests and challenges |
Account Currencies Supported | USD, EUR, GBP, AUD, and multiple cryptocurrencies | USD, EUR, GBP, AUD, JPY, CHF, and more |
Regulatory Protections | Segregated client funds, investor compensation schemes | Segregated client funds, investor compensation schemes, additional regulatory protections |
Spread Betting | Not available | Available in the UK for tax-efficient trading |
Direct Market Access (DMA) | No direct market access | No direct market access |
Micro-Lot Trading | Available for forex and other assets | Available for forex and other assets |
Automated Trading Support | Allows algorithmic trading on MT5 and Binary Bot | Allows algorithmic trading on MT4 and MT5 |
Rebate Programs | Offers rebates for high-volume traders | Offers rebates based on trading volume |
Security Features | Two-factor authentication, SSL encryption | Two-factor authentication, SSL encryption, negative balance protection |
Advanced Orders | Customizable contracts on Binary Bot | Advanced order types on AvaOptions |
Geographic Restrictions | Restricted in the US, Canada, Hong Kong, Israel, and a few others | Restricted in the US, Iran, and a few other regions |
Withdrawal Processing Time | Typically 1-3 business days depending on the method | Typically 1-2 business days depending on the method |
Community Support | Active community forums and resources | Active community support through AvaTrade Academy and social platforms |
Crypto Pairs Offered | Extensive selection including BTC, ETH, LTC, XRP, and more | Broad selection including BTC, ETH, LTC, XRP, EOS, and more |
Cross-Platform Compatibility | Web, desktop, and mobile compatibility | Web, desktop, and mobile compatibility |
Account Types | Standard, Financial STP, Synthetic, and Islamic | Standard, Retail, Professional, Islamic |
Margin Requirements | Flexible margin based on account type and asset | Tiered margin system based on asset and region |
News Feed Integration | Limited news integration on platforms | Integrated news feed from Dow Jones and other providers |
User Interface Customization | Highly customizable on DTrader and MT5 | Customizable on MT4, MT5, and AvaTradeGO |
Customer Support Languages | English, Spanish, Chinese, French, Arabic, and more | Over 15 languages including English, Spanish, French, German, Italian, Arabic |
Onboarding Process | Simple, requires ID verification, quick account approval | Streamlined, requires ID verification, generally fast approval |
KYC Requirements | Mandatory for withdrawals, proof of identity and address required | Mandatory for withdrawals, proof of identity and address required |
Server Location Options | Limited, primarily in Europe | Multiple server locations globally for lower latency |
Leverage Flexibility | Adjustable leverage on MT5 based on asset and region | Customizable leverage settings on MT4 and MT5 |
Institutional Services | Focused on retail traders, lacks institutional-grade services | Offers institutional accounts and white-label solutions |
Asset Expiry Options | Expiry options for binary contracts | No expiry on most CFDs except options contracts |
Integration with Third-Party Tools | Supports integration with MT5 plugins and APIs | Extensive integrations including Trading Central and AutoChartist |
Forex Pairs Available | Over 50 major, minor, and exotic pairs | Over 55 major, minor, and exotic pairs |
Synthetic Indices | Exclusive synthetic indices with 24/7 trading | Does not offer synthetic indices |
Order Execution Speed | Generally fast, optimized for retail traders | Low latency execution, optimized for both retail and professional traders |
Trading Psychology Support | Limited resources focused on risk management | Dedicated materials on trading psychology and emotional control |
Public API Documentation | Comprehensive API for developers | Lacks public API documentation |
HFT (High-Frequency Trading) Support | Not explicitly supported | Not explicitly supported, but low latency helps HFT traders |
Interest Rate CFDs | Not available | Offers interest rate CFDs in some regions |
PAMM/MAM Accounts | Does not support PAMM/MAM accounts | Supports PAMM (Percentage Allocation Management Module) accounts |
Trading Contest Frequency | Rare, occasional events | Frequent, with cash prizes and bonuses |
Market Depth Information | Available on MT5 for specific accounts | Available on MT4 and MT5 |
Trading Hours Flexibility | 24/7 for synthetic indices, 24/5 for other assets | 24/5 with some assets like cryptocurrencies available 24/7 |
Deposit Processing Time | Instant for most methods | Instant for most methods, bank transfers may take longer |
Privacy Policy Transparency | Detailed and GDPR-compliant | Detailed and GDPR-compliant |
Public Reviews and Ratings | Generally positive, praised for low fees and platform variety | High ratings, praised for regulation and diverse asset classes |
Cryptocurrency Staking | Not available | Not available |
Reputation Among Professional Traders | Growing, recognized for binary options and synthetic markets | Established, trusted for forex and CFD trading |
Integration with Trading Bots | Supports Binary Bot and MT5 Expert Advisors | Supports MT4 and MT5 Expert Advisors |
Security of Funds | Segregated accounts, encryption protocols | Segregated accounts, encryption protocols, insurance in some regions |
Tick Trading | Offers tick-based contracts on DTrader | Does not offer tick-based contracts |
Cross-Asset Trading | Available, supports trading across forex, stocks, and cryptocurrencies | Available, supports trading across forex, stocks, commodities, and more |
ETF Trading | Not available | Offers ETF CFDs |
Market Sentiment Indicators | Limited, mainly on MT5 | Integrated market sentiment tools on WebTrader and AvaTradeGO |
Affiliate Commission Structure | Competitive, offers CPA and revenue share | Attractive, offers CPA, revenue share, and hybrid models |
Synthetic Leverage | Available for synthetic indices | Not available |
Inactivity Fees | Charges after 12 months of inactivity | Charges after 3 months of inactivity |
Custom Trading Instruments | Allows creating custom synthetic contracts | Does not support custom trading instruments |
Managed Account Services | Lacks managed account services | Offers managed account options for higher-tier clients |
Mobile App Features | Supports notifications, alerts, and charting on Deriv GO | Comprehensive features including alerts, charting, and news on AvaTradeGO |
Algorithmic Strategy Builder | Binary Bot allows drag-and-drop strategy creation | No drag-and-drop builder, but supports coding in MQL4 and MQL5 |
Contingent Orders | Limited to MT5 | Available on MT4, MT5, and AvaOptions |
Deriv offers unique synthetic indices and a low-cost trading environment, while AvaTrade excels with extensive asset classes, educational resources, and advanced trading tools. Both cater to different trader preferences with distinct strengths.