Feature | Deriv | FTMO |
---|---|---|
Company Type | Online Trading Platform | Proprietary Trading Firm |
Founded | 1999 | 2015 |
Regulation | Regulated by multiple authorities, including the UK Financial Conduct Authority (FCA), Vanuatu Financial Services Commission (VFSC), Malta Financial Services Authority (MFSA), and Labuan Financial Services Authority (Labuan FSA) | Operates as a proprietary trading firm; not regulated as a traditional broker |
Trading Instruments | Forex, Commodities, Indices, Stocks, Cryptocurrencies, Synthetic Indices | Forex, Commodities, Indices, Cryptocurrencies |
Trading Platforms | Proprietary platforms: DTrader, DBot, DMT5; MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, Proprietary platform |
Account Types | Real and Demo Accounts | Evaluation Accounts leading to Funded Accounts upon successful completion |
Minimum Deposit | $10 | Evaluation fee starting from €155 |
Leverage | Up to 1:1000 | Up to 1:100 |
Profit Sharing | Not applicable; traders retain 100% of profits | 80% to 90% profit share for traders |
Evaluation Process | Not applicable | Two-step evaluation: FTMO Challenge and Verification |
Trading Period for Evaluation | Not applicable | FTMO Challenge: 30 days; Verification: 60 days |
Profit Target for Evaluation | Not applicable | FTMO Challenge: 10% profit target; Verification: 5% profit target |
Maximum Daily Loss | Not specified | 5% of initial account balance |
Maximum Overall Loss | Not specified | 10% of initial account balance |
Educational Resources | Articles, Videos, Webinars, Demo Accounts | Comprehensive educational resources, including performance coaches and webinars |
Customer Support | 24/7 support via live chat and email | 24/7 customer support in 18 languages |
Deposit and Withdrawal Methods | Bank Wire, Credit/Debit Cards, E-wallets (Neteller, Skrill), Cryptocurrencies (Bitcoin, Tether) | Not applicable; profits are withdrawn by traders from their own accounts |
Additional Features | Synthetic Indices offering unique trading opportunities | Free trial available; scaling plan increasing account size by 25% every four months |
Spreads | Variable spreads, competitive, as low as 0.1 pips on major forex pairs | Competitive spreads, typically raw spreads with commissions on some accounts |
Commission Fees | No commissions on most accounts, built into spreads | Commission-based pricing on raw spread accounts, no commission on standard accounts |
Trading Hours | 24/7 for synthetic indices, market hours for other instruments | Market hours only, no synthetic indices |
Order Execution Speed | Fast execution with minimal slippage | Low-latency execution optimized for professional traders |
Slippage and Requotes | Minimal slippage, no requotes on synthetic indices | Slippage possible due to real market conditions, no requotes |
Stop-Loss and Take-Profit Features | Standard stop-loss and take-profit, trailing stop available | Stop-loss and take-profit allowed, but strict loss limits apply in funded accounts |
Scalping & Hedging | Allowed | Allowed |
Algorithmic Trading | Supported through MT5 and DBot (a drag-and-drop bot builder) | Allowed, but must comply with FTMO’s risk management rules |
Risk Management Tools | Negative balance protection, stop-loss settings, demo accounts | Daily and maximum loss limits, scaling plan, free trading journal, risk calculators |
Payouts (For Traders) | Instant withdrawals via various methods | Monthly payouts to traders, processed within a few days |
Funding & Capital Scaling | Self-funded, no external capital | Funded accounts up to $400,000, scaling plan increases capital over time |
Challenge Refund Policy | Not applicable | Challenge fee refunded if trader successfully completes evaluation and gets funded |
News Trading | Allowed | Allowed but with restrictions during high-impact news events |
Copy Trading | Available via Deriv’s platform | Not supported |
Mobile Trading | Available via DTrader and MT5 mobile apps | Available via MT4, MT5, cTrader mobile apps |
Affiliate/Referral Program | Yes, offers commissions for referrals | No direct affiliate program, but traders can promote and earn through their performance |
Community & Trader Support | Active community forums, Telegram, and Discord support | Dedicated trader support, performance coaches, and active social media engagement |
Proprietary Technology | Custom-built synthetic indices, DBot automation | FTMO Trader application for tracking performance, real-time analytics |
Global Availability | Available worldwide, except in restricted regions | Available worldwide, but some countries may be restricted |
Market Data Fees | No additional fees for market data | No additional fees, market access included in evaluation cost |
Custom Indicators & Scripts | Supports custom indicators on MT5 | Custom indicators allowed on MT4 and MT5 |
Leverage Flexibility | Users can adjust leverage up to 1:1000 | Fixed leverage up to 1:100, depending on instrument |
Minimum Position Size | 0.01 lots | 0.01 lots |
Maximum Position Size | Depends on the asset and account balance | No strict limit, but risk management rules apply |
Margin Call & Stop-Out Levels | Margin call at 100%, stop-out at 50% | No margin call in funded accounts; traders must adhere to drawdown limits |
Overnight & Weekend Holding | Allowed, swap fees apply | Allowed, but traders must manage risk carefully due to loss limits |
Islamic (Swap-Free) Accounts | Available on request | Not offered |
VIP or Premium Account Tiers | No distinct VIP tiers, but higher balances may access better conditions | No tiered accounts, all traders follow the same evaluation and funding process |
Bonuses & Promotions | Occasional promotions and deposit bonuses | No deposit bonuses, but successful traders receive full challenge refund |
Withdrawal Processing Time | Usually within 24 hours, depends on method | Profit withdrawals processed within a few business days |
HFT (High-Frequency Trading) | Limited, as execution speed may not support extreme HFT strategies | Not explicitly allowed, traders must comply with risk management rules |
API Trading | Available for advanced users | Not provided |
Account Currency Options | USD, EUR, GBP, BTC, and more | EUR, USD, GBP, CAD, AUD, CZK |
Transaction Fees | No deposit fees, some withdrawal fees may apply | No fees for withdrawing profits |
Taxes on Profits | Traders manage their own tax obligations | Traders are responsible for their tax obligations in their country |
KYC Requirements | Verification required for withdrawals | KYC required before receiving a funded account |
Regulatory Oversight on Funded Accounts | Self-funded, no external oversight | FTMO is not regulated as a broker but follows proprietary trading policies |
Multiple Account Ownership | Traders can have multiple accounts under different trading conditions | Multiple funded accounts allowed, up to $400,000 in combined funding |
Asset Restrictions | Synthetic indices exclusive to Deriv | No synthetic indices, only real market instruments |
Historical Data Access | Available via MT5 | Limited historical data in trading platforms |
Trading Competitions & Rewards | Occasionally hosts contests for traders | No formal competitions, but traders can scale accounts by meeting profit targets |
Social Trading & Leaderboards | Copy trading available through platform | No leaderboards or social trading features |
Withdrawal Limits | No strict limits, depends on account balance and payment method | No withdrawal limits, traders withdraw their share of profits |
Deriv is a retail broker offering self-funded trading with high leverage and synthetic indices, while FTMO is a proprietary firm providing funded accounts with strict risk management rules. Deriv suits flexible traders, whereas FTMO is ideal for those seeking external capital.