Feature | Deriv | FXPro |
---|---|---|
Year Established | 1999 | 2006 |
Regulation | Regulated by MFSA, VFSC, FSC, Labuan FSA | Regulated by FCA, CySEC, FSCA, SCB |
Trading Platforms | DTrader, Deriv MT5 (MetaTrader 5), Deriv X, Deriv GO, Binary Bot | MetaTrader 4, MetaTrader 5, cTrader, FXPro Edge |
Account Types | Standard, Financial STP, Synthetic Indices | MT4 Instant, MT4 Market, MT5, cTrader, Edge |
Leverage | Up to 1:1000 | Up to 1:500 |
Minimum Deposit | $5 | $100 |
Spread Types | Fixed, Variable | Variable |
Spreads | From 0.5 pips | From 0.6 pips |
Commission | Zero commission on most accounts | Commission-free and commission-based options |
Trading Instruments | Forex, Commodities, Synthetic Indices, Cryptocurrencies, Stocks, CFDs | Forex, Commodities, Indices, Shares, Futures, Cryptocurrencies |
Cryptocurrency Trading | Yes | Yes |
Deposit Methods | Credit/Debit Cards, E-wallets, Bank Transfer, Cryptocurrencies | Credit/Debit Cards, E-wallets, Bank Transfer, Cryptocurrencies |
Withdrawal Methods | Credit/Debit Cards, E-wallets, Bank Transfer, Cryptocurrencies | Credit/Debit Cards, E-wallets, Bank Transfer, Cryptocurrencies |
Execution Type | Market Execution | Market Execution, Instant Execution |
Copy Trading | No | Yes (through third-party platforms) |
Education Resources | Basic tutorials, Blog, Webinars | In-depth education, Webinars, Tutorials, Market Analysis |
Demo Account | Yes | Yes |
Islamic Account | Yes | Yes |
Customer Support | 24/7 Live Chat, Email, Phone | 24/5 Live Chat, Email, Phone |
Mobile Trading | Yes (via Deriv GO and MT5) | Yes (via MT4, MT5, cTrader, FXPro Edge) |
Bonuses and Promotions | No | Occasionally, depending on region |
Social Trading | No | Yes (via third-party platforms) |
Negative Balance Protection | Yes | Yes |
Algo Trading | Yes (via Binary Bot and MT5) | Yes (via MT4, MT5, cTrader) |
API Access | Yes (Deriv API) | Yes (FXPro API) |
Trading Fees | Low, primarily spread-based | Medium, spread and commission-based |
Scalping and Hedging | Allowed | Allowed |
Regulatory Protection | Moderate | High |
Overall Reputation | Good | Excellent |
Best For | Beginners, Synthetic Index Traders | Experienced Traders, Institutional Clients |
Base Currencies Supported | USD, EUR, GBP, AUD, BTC, ETH, LTC | USD, EUR, GBP, CHF, JPY, AUD, PLN, ZAR |
Order Types | Market Orders, Limit Orders, Stop Orders, One-Click Trading | Market Orders, Limit Orders, Stop Orders, Trailing Stop, One-Cancels-Other (OCO) |
Micro Lots | Available | Available |
Fractional Pips | 5-digit pricing | 5-digit pricing |
Custom Indicators | Supported on MT5 | Supported on MT4, MT5, cTrader |
Risk Management Tools | Stop Loss, Take Profit, Margin Call Alerts | Stop Loss, Take Profit, Trailing Stop, Margin Call Alerts |
Advanced Charting | Multi-chart layouts, Technical Indicators, Drawing Tools | Advanced Technical Indicators, Chart Trading, Custom Timeframes |
News Feed Integration | Economic Calendar, Basic News Feed | In-depth Market News, Dow Jones News, Economic Calendar |
Autochartist | Not integrated | Integrated |
Sentiment Analysis Tools | Limited | Comprehensive |
Interest on Margin | No interest | No interest |
Swap-Free Options | Offered on Islamic Accounts | Offered on Islamic Accounts |
Affiliate Program | Commission-based, Revenue Share Model | Multi-tier Commission-based, Revenue Share Model |
PAMM/MAM Accounts | Not supported | Supported |
VPS Hosting | Available for MT5 | Free VPS for qualifying accounts |
Maximum Trade Size | 30 lots per trade | 100 lots per trade |
Execution Speed | 0.5 seconds average | 0.1 seconds average |
Order Slippage | Minimal | Minimal |
Guaranteed Stop Loss | Not available | Available |
Interest on Unused Funds | Not provided | Not provided |
Custom Scripting | MQL5 for MT5, JavaScript for Binary Bots | MQL4, MQL5, cAlgo C# |
Trading Signals | Limited to MT5 | Integrated via MT4, MT5, cTrader |
Commission on Crypto Trading | Spread-based | Spread-based or Commission-based depending on account type |
Partnership Program | IB program, Affiliate program | IB program, Affiliate program, Asset Manager program |
Trading Competitions | Occasionally organized | Regularly organized for demo and live accounts |
Cashback or Rebates | Available through promotions | Available through IB and loyalty programs |
Slippage Control | Basic | Advanced |
Mobile App Features | Custom indicators, Alerts, One-click trading | Advanced charting, Alerts, One-click trading, Custom indicators |
Platform Customization | High (especially with Binary Bot and MT5) | High (MT4, MT5, cTrader customization) |
Cloud-Based Trading | Binary Bot and WebTrader | cTrader Copy, FXPro Edge |
Languages Supported | 20+ languages | 30+ languages |
Geographic Restrictions | Restricted in the USA, Canada, Hong Kong, Israel | Restricted in the USA, Iran, Canada, North Korea |
Leverage Restrictions for Retail Clients | 1:30 for EU clients | 1:30 for EU and UK clients |
Inactivity Fees | Charged after 12 months of inactivity | Charged after 12 months of inactivity |
Requote Policy | No requotes | No requotes |
API Documentation Quality | Detailed with SDK and examples | Comprehensive with SDK and examples |
Security Measures | SSL encryption, Two-factor authentication (2FA) | SSL encryption, Two-factor authentication (2FA), Segregated accounts |
Parent Company | Regent Markets Group | FXPro Group Limited |
Account Currency Conversion Fees | Low, depends on payment method | Medium, applied on deposits and withdrawals |
Stop Out Level | 50% | 30% for MT4, 50% for MT5, 50% for cTrader |
Margin Call Level | 100% | 100% |
Expert Advisors (EAs) | Supported on MT5 | Supported on MT4, MT5 |
Hotkeys and Shortcuts | Available on MT5 and WebTrader | Available on MT4, MT5, cTrader |
Scalping Restrictions | No restrictions | No restrictions |
Price Alerts | Custom alerts on MT5, Web notifications | Custom alerts on all platforms |
Tick Data Availability | Limited, available for Synthetic Indices | Comprehensive tick data available |
Trading Hours | 24/7 for Synthetic Indices, Market hours for others | 24/5 for most instruments, Crypto trading 24/7 |
Slippage Reports | Not provided | Detailed slippage reports available |
Commission on Indices Trading | Spread-based | Spread-based or Commission-based depending on account type |
Spreads on Cryptos | From 0.5% | From 0.3% |
Trading Analytics | Basic analytics tools | Advanced analytics including sentiment and volume analysis |
Volume Discounts | Available for high-volume traders | Available for high-volume traders |
Global Presence | Offices in Malta, Malaysia, Paraguay | Offices in UK, Cyprus, Monaco, UAE |
Company Awards | Fewer awards, focused on niche markets | Multiple awards including Best Broker and Best Trading Platform |
Platform Speed | Fast, optimized for Synthetic Indices | Very fast, optimized for low latency |
Account Verification Requirements | Government ID, Address Proof | Government ID, Address Proof, Source of Funds for large deposits |
Position Size Calculator | Integrated into platform | Available on website and platform |
Trade Journal and History | Detailed history on MT5, Basic journal | Advanced journal with analysis tools |
Client Segregation of Funds | Segregated in top-tier banks | Segregated in top-tier banks |
Custody Fees | Not charged | Not charged |
Forex Pairs Offered | 50+ pairs | 70+ pairs |
Index CFDs Offered | 10+ indices | 20+ indices |
Slippage Protection Mechanism | Basic | Advanced with partial fills |
Trading Central Integration | Not integrated | Integrated |
Order Execution Transparency | High, detailed execution reports | Very high, detailed execution reports |
Mobile App User Interface | Simple and user-friendly | Advanced with customizable layouts |
Financial Reports | Limited public financial data | Extensive public financial reports available |
Segregated Bank Accounts | Used for client funds | Used for client funds |
KYC (Know Your Customer) Process | Moderate verification requirements | Strict verification requirements |
Income from Swaps | No income on Islamic accounts | No income on Islamic accounts |
Timeframes on Platform | From 1 minute to 1 month | From tick charts to monthly charts |
Community Support | Active forums and social media channels | Active forums, social media, and in-house support community |
Market Sentiment Indicators | Basic sentiment indicators | Advanced sentiment indicators |
Risk Disclosure Statements | Comprehensive | Comprehensive |
IPO Trading | Not available | Available on select accounts |
Corporate Actions Adjustments | Handled automatically | Handled automatically |
Privacy Policy Transparency | GDPR-compliant, clear data usage policy | GDPR-compliant, detailed data usage policy |
Global Payment Methods | Skrill, Neteller, Fasapay, Perfect Money, Crypto | Skrill, Neteller, PayPal, UnionPay, Crypto |
Drawdown Reports | Basic drawdown reports | Advanced drawdown analysis |
Trading Competitions Prizes | Monetary rewards, credits | Monetary rewards, credits, gadgets |
Order Modification Options | Modify SL and TP freely | Modify SL, TP, and pending orders freely |
Document Upload Process | Web-based upload | Web-based and app-based upload |
Bespoke Trading Solutions | Limited customization | Available for institutional clients |
Client Categorization | Retail and Professional | Retail, Professional, Institutional |
AML (Anti-Money Laundering) Compliance | Strict adherence | Strict adherence |
Deriv offers niche markets like synthetic indices with low costs, while FXPro provides broader asset coverage with advanced tools for experienced traders.