Feature | Deriv | FXGT.com |
---|---|---|
Regulation | Licensed by multiple authorities including the Malta Financial Services Authority, Labuan Financial Services Authority, British Virgin Islands Financial Services Commission, Vanuatu Financial Services Commission, and the Financial Services Commission in Mauritius. | Regulated by CySEC, FSA, and FSCA. |
Trading Platforms | Offers proprietary platforms such as Deriv Trader and Deriv MT5. | Provides MetaTrader 4 and MetaTrader 5 platforms. |
Minimum Deposit | Not specified. | $5. |
Leverage | Up to 1:1000. | Up to 1:1000. |
Tradable Instruments | Over 270 instruments including forex pairs, commodities, indices, cryptocurrencies, share CFDs, ETFs, and unique derived indices. | 117 tradable symbols including 53 forex pairs and a selection of cryptocurrencies. |
Spreads | Floating spreads starting from 0.5 pips; for example, EUR/USD spread is approximately 0.4 pips. | Minimum spreads from 0.5 pips; specific average spreads not disclosed. |
Commission | Commission-free trading. | Commission-free on Pro accounts; other account types may have commissions (e.g., $6 per round lot for forex). |
Swap-Free Options | Offers swap-free accounts. | Provides swap-free trading on certain instruments for the first six days. |
Deposit & Withdrawal Methods | Not specified. | Supports bank wires, credit/debit cards, Skrill, Neteller, and various cryptocurrencies. |
Customer Support | 24/7 multilingual support via live chat. | 24/7 multilingual support via email and live chat. |
Educational Resources | Limited information available. | Offers five eBooks; lacks comprehensive educational materials. |
Unique Features | Provides unique derived indices and multipliers for diversified trading opportunities. | Offers various bonuses and promotions; free VPS hosting for accounts meeting certain criteria. |
Account Types | Standard, Financial STP, and Synthetic accounts. | Mini, Standard+, Pro, ECN, and CryptoMax accounts. |
Demo Account | Yes, unlimited use with virtual funds. | Yes, unlimited use with virtual funds. |
Copy Trading | No built-in copy trading feature. | Offers copy trading through MetaTrader platforms. |
Social Trading | Not available. | Available through external platforms. |
Algorithmic Trading | Supported via DTrader Bots and MT5 automated strategies. | Supported via MetaTrader Expert Advisors (EAs). |
Mobile App | Yes, Deriv GO for mobile trading. | Yes, FXGT.com mobile app for trading and account management. |
Bonuses & Promotions | Limited promotions; occasional offers on specific accounts. | Frequent promotions including welcome bonuses, deposit bonuses, and trading incentives. |
Execution Speed | Fast execution, typically under 50ms. | Ultra-low latency execution with advanced trading servers. |
Negative Balance Protection | Yes, prevents accounts from going into negative balance. | Yes, full negative balance protection. |
Hedging & Scalping | Allowed on all account types. | Allowed on Pro and ECN accounts. |
Trading Fees | Low spreads with no hidden fees. | Competitive spreads with some commissions on ECN accounts. |
Market Orders & Execution Types | Market execution, limit orders, stop orders, and trailing stops. | Market execution, limit orders, stop orders, trailing stops, and one-click trading. |
Trading Restrictions | None for most accounts; some limits on derived indices. | Certain trading conditions apply to bonuses and promotions. |
Supported Languages | English, Spanish, French, Portuguese, Russian, Chinese, and more. | English, Japanese, Thai, Vietnamese, Arabic, and more. |
VPS Hosting | No built-in VPS service. | Free VPS for active traders meeting volume criteria. |
Order Execution Model | Market execution with STP (Straight Through Processing) and synthetic indices. | Market execution, ECN (Electronic Communication Network) for certain accounts. |
Market Depth Visibility | Not explicitly provided. | Available on MetaTrader 5 for certain accounts. |
Asset Classes | Forex, cryptocurrencies, commodities, indices, synthetic indices, ETFs, and stock CFDs. | Forex, cryptocurrencies, indices, stocks, metals, energies, and synthetic instruments. |
Custom Trading Tools | Deriv Bot for automated strategies, multipliers for risk-adjusted trading. | Custom MT4/MT5 indicators, copy trading features, and bonus trading options. |
Deposit Processing Time | Instant for most methods. | Instant for most methods, except bank transfers (which can take 1-3 days). |
Withdrawal Processing Time | Varies based on method, usually within 24 hours. | Typically processed within 24 hours, but some methods take up to 3 days. |
Withdrawal Fees | Generally no fees on most methods. | No fees for most withdrawals, except for certain bank transfers. |
Cryptocurrency Support | Supports deposits, withdrawals, and trading in multiple cryptocurrencies. | Supports deposits, withdrawals, and trading in cryptocurrencies like BTC, ETH, USDT, and more. |
Fiat Currency Support | Accepts multiple fiat currencies, including USD, EUR, GBP, and others. | Accepts major fiat currencies, including USD, EUR, JPY, and more. |
Islamic Account (Swap-Free) | Available for Muslim traders. | Available, but swap-free conditions apply for a limited time. |
Margin Call & Stop-Out Levels | Margin call at 100%, stop-out at 50% (may vary by account type). | Margin call at 70%, stop-out at 40% (may vary by account type). |
Risk Management Features | Take profit, stop loss, trailing stop, guaranteed stop-loss. | Take profit, stop loss, trailing stop, and risk-free trading promotions. |
Security & Fund Protection | Segregated client funds, regulatory compliance. | Segregated client funds, negative balance protection, regulatory oversight. |
Loyalty Programs & Rewards | Limited or no loyalty program. | Bonus programs, loyalty rewards, and occasional competitions. |
Multi-Account Management (MAM/PAMM) | No multi-account management. | MAM/PAMM accounts available for money managers. |
API Trading | Available via Deriv API for algorithmic trading. | API access for institutional and high-volume traders. |
Spreads on Major Pairs (EUR/USD, GBP/USD, etc.) | Typically starts from 0.4 pips (floating spreads). | Typically starts from 0.5 pips (floating spreads). |
Max Open Positions & Pending Orders | No official limits mentioned. | Limits depend on account type and leverage used. |
Customer Support Channels | Live chat, email support, knowledge base, community forums. | Live chat, email support, phone support (depending on region). |
Deriv offers unique synthetic indices, custom trading tools, and a proprietary platform, while FXGT.com provides multiple account types, copy trading, and frequent promotions. Both brokers offer high leverage, competitive spreads, and strong security features.