| Feature | Deriv | Doo Prime |
|---|---|---|
| Regulation | Regulated by multiple authorities, including the Malta Financial Services Authority (MFSA), Labuan Financial Services Authority (LFSA), and the British Virgin Islands Financial Services Commission (BVI FSC). | Regulated by several authorities, including the Seychelles Financial Services Authority (FSA), the Mauritius Financial Services Commission (FSC), and the Vanuatu Financial Services Commission (VFSC). |
| Trading Instruments | Offers a diverse range of trading instruments, including Forex, Stocks, Commodities, Cryptocurrencies, and Derived Indices. | Provides access to over 10,000 trading products across six asset classes, including Forex, Stocks, Indices, Commodities, Metals, and Futures. |
| Trading Platforms | Supports multiple trading platforms, including Deriv MT5, cTrader, Deriv X, and Deriv GO. | Offers a variety of trading platforms, such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), Doo Prime InTrade, and TradingView. |
| Account Types | Provides various account types, including individual accounts, institutional accounts, managed accounts, and Islamic accounts. | Offers three main account types: Cent Account (minimum deposit of $0, spreads from 1 pip), STP Account (minimum deposit of $100, spreads from 1 pip), and ECN Account (minimum deposit of $100, spreads from 0.0 pips). |
| Minimum Deposit | Allows trading with a minimum deposit of $5, making it accessible to traders with varying budgets. | The Cent Account requires no minimum deposit, while the STP and ECN Accounts have a minimum deposit requirement of $100. |
| Leverage | Offers leverage of up to 1:1000, enabling traders to control larger positions with a smaller investment. | Provides flexible leverage options, with leverage of up to 1:1000 available. |
| Spreads and Commissions | Features competitive spreads starting from 0 pips on Zero Spread accounts, with commission-free trading on several platforms. | Offers ultra-low spreads starting from 0.0 pips on ECN accounts; the Cent and STP accounts have spreads from 1 pip, with no transaction fees on these accounts. |
| Deposit and Withdrawal Methods | Supports a wide range of payment methods, including credit/debit cards, online banking, e-wallets, cryptocurrencies, vouchers, and a peer-to-peer (P2P) system. Withdrawals are typically processed within one working day. | Provides flexible fund access with support for over 150 currencies and 20 funding methods. Specific details on deposit and withdrawal processing times are not specified. |
| Customer Support | Offers customer support, though some reviews suggest there is room for improvement in responsiveness. | Provides 24/7/365 professional support with a dedicated team of over 1,000 professionals. |
| Educational Resources | Offers educational resources, including forex courses, tutorials, and webinars, to assist traders in enhancing their knowledge and skills. | Provides access to analytical tools such as Trading Central, though educational materials are relatively limited compared to some competitors. |
| Social Trading | Offers social trading features, allowing traders to follow and copy strategies from other experienced traders. | Provides social trading platforms, enabling users to become strategy publishers or follow other traders to replicate their trades. |
| Awards and Recognition | Specific awards and recognitions are not prominently highlighted. | Has received multiple awards, including "Best Price Execution" at the 2024 BrokersView Awards and "Most Reliable Forex Broker" at the 2024 FXDailyInfo Forex Brokers Award. |
| Automated Trading | Offers Deriv Bot, an automated trading platform with a user-friendly drag-and-drop interface, allowing traders to create custom strategies without coding knowledge. | Provides access to FIX API 4.4, enabling experienced traders to implement custom algorithms and strategies with ultra-low latency and rapid performance. |
| Market Analysis Tools | Provides various analytical tools, including Trading Central, to assist traders in making informed decisions. | Offers access to Trading Central, providing real-time analysis and insights, aiding traders in making informed decisions. |
| Order Execution Speed | Specific details on order execution speed are not prominently highlighted. | Features robust IT infrastructure and network by Equinix, enabling 99.5% of trade transactions to be executed in 50 milliseconds, ensuring ultra-low latency. |
| Risk Management Features | Offers various risk management tools, including stop-loss and take-profit orders, to help traders manage their positions effectively. | Provides risk management tools such as stop-loss and take-profit orders, along with margin call alerts to help traders manage their positions effectively. |
| Mobile Trading | Offers Deriv GO, a mobile platform that enables users to trade Multipliers and Options with effective risk management tools, starting from just $1. | Provides Doo Prime InTrade, a mobile-centric trading platform available on iOS and Android, offering access to various trading instruments and account management features. |
| Demo Account Availability | Provides a free demo account where users can practice trading with virtual funds, allowing them to familiarize themselves with the platform and its features before committing real money. | Offers free demo accounts for STP and ECN accounts, enabling traders to practice and test strategies without financial risk. However, a demo account for the Cent account is not available. |
| Bonus and Promotions | Specific bonus and promotional offers are not prominently highlighted. | Offers promotions such as lucky draw events, giving traders the chance to win luxury prizes, including cars and cash rewards, upon meeting deposit and trading terms. |
| Regulatory Oversight | Regulated by multiple authorities, including the Malta Financial Services Authority (MFSA), Labuan Financial Services Authority (LFSA), and the British Virgin Islands Financial Services Commission (BVI FSC). | Regulated by several authorities, including the Seychelles Financial Services Authority (FSA), the Mauritius Financial Services Commission (FSC), and the Vanuatu Financial Services Commission (VFSC). |
| Funding Currencies | Supports multiple base currencies, including USD, EUR, GBP, and cryptocurrencies like Bitcoin and Tether. | Offers over 20 funding currencies, including USD, EUR, JPY, and cryptocurrencies. |
| Interest on Idle Funds | Does not provide interest on idle funds in trading accounts. | Offers interest on idle funds for certain account types, helping traders earn passive income. |
| Cashback and Rebates | Does not prominently feature cashback or rebate programs. | Offers cashback and rebate programs for active traders, allowing them to recover a portion of their trading costs. |
| API Trading Support | Provides API access for algorithmic traders to execute trades programmatically. | Offers FIX API and Web API for professional and institutional traders, enabling high-frequency and algorithmic trading. |
| Multilingual Support | Offers support in multiple languages, enhancing accessibility for traders worldwide. | Provides multilingual support, including English, Chinese, Spanish, and more, ensuring effective communication for a diverse client base. |
| Deposit Insurance | Does not prominently feature deposit insurance. | Offers deposit insurance for client funds, providing additional security and peace of mind. |
| Security of Funds | Uses segregated accounts for client funds, ensuring they are separate from the company's operational funds. | Utilizes segregated accounts with top-tier banks to safeguard client funds, providing enhanced security. |
| Mobile App Features | Mobile app includes advanced charting tools, push notifications, and in-app deposits and withdrawals. | Mobile app offers integrated market news, customizable alerts, and seamless account management. |
| Advanced Order Types | Offers standard order types such as limit, market, stop-loss, and take-profit orders. | Provides advanced order types, including OCO (One Cancels the Other), trailing stops, and conditional orders. |
| Portfolio Management | Does not prominently feature dedicated portfolio management tools. | Offers portfolio management services, including asset allocation advice and performance tracking. |
| Transaction Transparency | Provides clear information about spreads and commissions, enhancing transaction transparency. | Offers detailed transaction reports and cost analysis for each trade, ensuring full transparency. |
| News Integration | Integrates financial news directly on the trading platform to assist traders in staying updated. | Offers comprehensive market news integration, including economic calendars and expert analysis. |
| Profit Sharing Accounts | Does not offer profit-sharing account options. | Provides profit-sharing accounts, allowing investors to allocate funds to professional traders for a share of the profits. |
| Data Security Protocols | Implements SSL encryption and two-factor authentication (2FA) to protect user data. | Uses advanced security protocols, including DDoS protection, encryption, and biometric login options. |
| Algorithmic Trading Support | Offers bot trading features with customizable strategies through Deriv Bot. | Supports algorithmic trading with API access, high execution speeds, and backtesting capabilities. |
| Custom Indicators | Allows traders to use and create custom indicators on MT5 and Deriv X platforms. | Offers a library of custom indicators on MT4 and MT5, with support for custom scripting. |
| Margin Requirements | Offers flexible margin requirements, varying by instrument and account type. | Provides tailored margin requirements, with reduced margins for high-volume traders. |
| Trade Execution Model | Operates on a hybrid execution model with a mix of market-making and STP (Straight Through Processing). | Utilizes a pure STP and ECN (Electronic Communication Network) execution model, ensuring no dealing desk intervention. |
| Affiliate and IB Programs | Features an affiliate program with competitive commission rates. | Offers extensive IB (Introducing Broker) programs with multi-level commission structures and marketing support. |
| Commodities Range | Offers a limited range of commodities, including gold, silver, oil, and natural gas. | Provides an extensive selection of commodities, including agricultural products, precious metals, and energy resources. |
| Micro Lot Trading | Supports micro lot trading (0.01 lots) on most account types. | Offers micro lot trading across all account types, including Cent and ECN accounts. |
| Negative Balance Protection | Ensures negative balance protection for retail clients, preventing losses beyond deposits. | Offers negative balance protection across all accounts, safeguarding traders from excessive losses. |
| Client Segregation Policies | Adheres to strict client fund segregation policies, holding client funds in separate bank accounts. | Enforces robust client fund segregation policies with top-tier banking institutions. |
| Withdrawal Processing Time | Processes withdrawals within 24 hours on most payment methods. | Offers expedited withdrawal processing, often completing transactions within a few hours. |
| Tax Reporting Assistance | Does not offer direct tax reporting assistance. | Provides tax reporting assistance and downloadable transaction summaries for tax purposes. |
| Community and Forums | Has a limited online community presence and support through help centers and FAQs. | Maintains an active online community with forums, webinars, and regular expert Q&A sessions. |
| Professional Client Status | Offers professional client status for eligible traders, providing higher leverage and reduced restrictions. | Provides professional client status with additional benefits such as lower margin requirements and priority support. |
| Stock Trading Features | Offers stock CFDs with leverage, allowing traders to speculate on price movements without owning underlying assets. | Provides direct access to global stocks and ETFs, with options for cash equities and leverage-based CFDs. |
| Social Media Integration | Lacks direct integration with social media platforms for trading insights. | Offers social media integration, allowing traders to follow experts and access curated content directly on the trading platform. |
| Reputation and Awards | Known for reliable services but does not prominently showcase awards. | Frequently recognized with awards for execution speed, customer service, and trading technology. |
Deriv focuses on beginner-friendly tools and crypto support, while Doo Prime excels in advanced features, security, and diverse trading instruments. Both cater to different trading styles effectively.