| Feature | Deriv | iForex |
|---|---|---|
| Year Established | 1999 | 1996 |
| Regulation | Malta Financial Services Authority (MFSA), Labuan Financial Services Authority (LFSA), British Virgin Islands Financial Services Commission (BVIFSC), Vanuatu Financial Services Commission (VFSC), Financial Services Commission of Mauritius (FSC), St. Vincent and the Grenadines Financial Services Authority (SVGFSA) | Cyprus Securities and Exchange Commission (CySEC), British Virgin Islands Financial Services Commission (BVIFSC) |
| Minimum Deposit | $5 | $100 |
| Maximum Leverage | Up to 1:1000 | Up to 1:400 |
| Trading Platforms | Proprietary platforms (Deriv Trader, Deriv X, Deriv Go), MetaTrader 5 (MT5), cTrader, TradingView integration | Proprietary platform |
| Tradable Instruments | Forex, commodities, indices, cryptocurrencies, synthetic indices, stocks, ETFs, options, multipliers | Forex, commodities, indices, cryptocurrencies |
| Spread Type | Fixed | Variable |
| Typical Spreads | From 0.5 pips on major currency pairs | From 1.8 pips on major currency pairs |
| Commission Fees | No commissions on most accounts; specific accounts may have commissions (e.g., $1 for forex, $0.50 for commodities and indices) | No commission fees; costs are incorporated into spreads |
| Deposit Methods | Bank wire transfer, credit/debit cards, e-wallets (Skrill, Neteller, WebMoney, Perfect Money, FasaPay, etc.), cryptocurrencies (Bitcoin, Ethereum, Litecoin, Tether, USD Coin) | Bank wire transfer, credit/debit cards, e-wallets (Skrill, Neteller) |
| Withdrawal Methods | Same as deposit methods | Same as deposit methods |
| Deposit and Withdrawal Fees | Generally no fees; however, specific methods may incur charges | No deposit fees; withdrawal fees may apply depending on the method |
| Processing Time | Deposits: Instant for most methods; Withdrawals: 1-3 business days | Deposits: Instant for most methods; Withdrawals: 3-5 business days |
| Account Types | Standard, Financial STP, Synthetic Indices, Swap-free | Standard |
| Demo Account | Yes | Yes |
| Educational Resources | Video tutorials, webinars, articles, trading guides | Video tutorials, articles, trading guides |
| Customer Support | 24/7 via live chat, email, community forum | 24/5 via live chat, email, phone |
| Additional Features | Synthetic indices offering 24/7 trading, multipliers, accumulator options, automated trading with Deriv Bot | Personal trading coach, daily market reports, trading signals |
| Mobile Trading | Available through Deriv GO and MetaTrader 5 mobile apps, offering full trading functionality | Available via proprietary mobile app, with a focus on simplified trading interface |
| Automated Trading | Supports automated trading via Dbot (no-code strategy builder) and MT5 Expert Advisors | Offers Autochartist for pattern recognition but lacks a no-code strategy builder |
| Charting Tools | Advanced charting with TradingView integration, multiple chart types, custom indicators | Basic charting tools with limited customization options |
| Social Trading | Does not offer traditional copy trading but has forums and community-driven strategies | Offers a simplified form of copy trading with signals from experienced traders |
| Risk Management Tools | Stop loss, take profit, trailing stops, negative balance protection, margin alerts | Stop loss, take profit, negative balance protection |
| Order Types | Market, limit, stop, trailing stop, one-cancels-the-other (OCO), Good till Cancelled (GTC) | Market, limit, stop, trailing stop |
| Volatility Indexes | Offers proprietary synthetic indices that simulate real-world volatility but are unaffected by market closures or liquidity | Does not offer synthetic or volatility indexes |
| Hedging Capability | Available across all account types | Available but limited in functionality |
| Scalping | Permitted with no time restrictions between trades | Permitted with some limitations on trade duration |
| Trading Alerts | Customizable alerts via mobile and desktop platforms | Offers alerts but with limited customization options |
| VIP Programs | No traditional VIP program but offers benefits like reduced spreads based on trading volume | Offers a VIP program with lower spreads and a personal account manager |
| Islamic Accounts | Swap-free accounts available for Islamic traders | Available but limited to specific account types |
| API Trading | Offers a REST API for algorithmic trading and strategy integration | Does not offer an open API for trading |
| Cryptocurrency Pairs | Extensive selection including BTC, ETH, LTC, USDT, XRP, and others | Limited selection focusing on popular pairs like BTC/USD and ETH/USD |
| Execution Speed | Ultra-fast execution with an average of less than 200 milliseconds | Fast execution but slightly slower compared to Deriv |
| Affiliate Program | Offers a multi-tier affiliate program with CPA and revenue-sharing models | Offers a single-tier affiliate program with CPA model |
| Security Measures | Two-factor authentication (2FA), SSL encryption, segregated client funds | SSL encryption, segregated client funds, no 2FA support |
| Partnership Options | Offers Introducing Broker (IB) and White Label partnerships | Focuses primarily on Introducing Broker (IB) partnerships |
| Account Base Currencies | Supports multiple currencies including USD, EUR, GBP, AUD, and cryptocurrencies | Limited to major fiat currencies like USD, EUR, GBP |
| Market Analysis Tools | Integrated economic calendar, sentiment analysis, advanced chart patterns | Basic economic calendar and market news feed |
| Trading Competitions | Does not offer regular trading competitions | Occasionally offers trading contests with cash prizes |
| Web-Based Trading Platform | Offers Deriv WebTrader and DTrader with a user-friendly interface and customizable layout | Offers a proprietary web-based platform with limited customization options |
| Leverage Control | Allows traders to adjust leverage manually according to risk preferences | Leverage is preset based on account type and instrument |
| Market Depth Visibility | Available on MetaTrader 5 for better order flow insights | Not available |
| Price Alerts | Offers customizable price alerts via mobile and desktop platforms | Basic price alerts without extensive customization |
| Chart Timeframes | Supports timeframes from 1 second to 1 month | Limited to standard timeframes (1 minute to 1 month) |
| News Feed Integration | Integrated real-time news feed from financial news providers | Limited news feed with a focus on forex markets |
| Custom Indicators | Allows importing custom indicators on MT5 and proprietary platforms | Does not support third-party custom indicators |
| One-Click Trading | Supported across all platforms for faster execution | Supported but only on the proprietary platform |
| Account Management Tools | Offers detailed account analytics, performance tracking, and risk assessment | Basic account management tools with limited analytics |
| Funding Currencies | Supports over 15 currencies including cryptocurrencies | Limited to a few major fiat currencies |
| Interest on Unused Funds | Does not offer interest on unused account balances | Offers interest on unused funds for VIP accounts |
| Webinars and Live Training | Regular webinars and interactive training sessions | Offers webinars but not as frequently |
| Interactive Education Tools | Quizzes, trading simulators, and interactive courses | Limited to video tutorials and written guides |
| Trading Strategy Support | Offers templates for popular strategies like scalping, swing trading, and news trading | Basic support with no pre-defined strategy templates |
| Partial Close Feature | Available to close a portion of open trades | Not available |
| Stop Out Level | 50% for standard accounts | 20% for standard accounts |
| Security of Client Funds | Funds held in segregated accounts with tier-1 banks | Funds held in segregated accounts but not specified as tier-1 |
| Backtesting Capability | Available on MT5 with detailed reports and analysis | Limited backtesting on proprietary platform |
| Sentiment Analysis Tools | Offers sentiment indicators based on order flow and volume | Does not offer sentiment analysis tools |
| Account Opening Process | Fully digital with instant account verification in most cases | Digital but requires more documentation for verification |
| Cross-Platform Synchronization | Synchronization across mobile, desktop, and web platforms | Limited synchronization capabilities |
| Position Sizing Tools | Built-in position size calculator on proprietary and MT5 platforms | Does not offer position sizing calculators |
| Withdrawal Limits | No specified withdrawal limits, depending on payment method | Imposes withdrawal limits based on account type and payment method |
| Trading Bots Marketplace | Offers a marketplace for trading bots compatible with Dbot and MT5 | Does not offer a trading bots marketplace |
| Advanced Risk Management | Margin call alerts, risk percentage control, portfolio risk analytics | Basic risk management tools without portfolio analytics |
| Security Certifications | Certified for PCI DSS compliance and uses SSL encryption | Uses SSL encryption but no additional certifications mentioned |
| Rebate Programs | Offers rebate programs based on trading volume | Limited rebate options, primarily for VIP accounts |
| Order Execution Model | STP/ECN hybrid execution for better pricing transparency | Market maker execution model |
| Currency Conversion Fees | No conversion fees for crypto deposits; standard fees for fiat | Currency conversion fees apply for all deposits |
| Expert Advisors (EAs) | Full support for EAs on MT5 | Does not support EAs due to proprietary platform limitations |
| Daily Market Analysis | Comprehensive daily analysis covering forex, commodities, and cryptos | Focuses on forex and commodities only |
Deriv offers diverse platforms, low fees, and extensive asset classes with advanced tools, while iForex provides a simpler interface with fewer features but focuses on forex trading. Deriv’s leverage and customization options outshine iForex’s straightforward approach.