Deriv vs IQ Option Comparison & Reviews

FeatureDerivIQ Option
Founded19992013
RegulationRegulated by MFSA, VFSC, FSCRegulated by CySEC
Minimum Deposit$5$10
Demo AccountYes, UnlimitedYes, Unlimited
Trading PlatformsDTrader, Deriv MT5, Deriv X, Binary Bot, SmartTraderProprietary platform (Web, Mobile, Desktop)
Asset ClassesForex, Stocks, Commodities, Indices, Synthetic Indices, CryptocurrenciesForex, Stocks, Commodities, Indices, Cryptocurrencies, ETFs
Number of Assets100+300+
LeverageUp to 1:1000Up to 1:1000
SpreadsVariable, starting from 0.5 pipsVariable, starting from 0.6 pips
CommissionZero-commission for most accountsZero-commission for most accounts
Order ExecutionMarket ExecutionMarket Execution
Trading InstrumentsCFDs, Options, MultipliersCFDs, Binary Options
Binary OptionsYesYes
Cryptocurrency TradingYes, Multiple CoinsYes, Multiple Coins
Copy TradingNoYes
Social TradingNoYes
Deposit MethodsBank Transfer, Credit/Debit Cards, E-Wallets (Skrill, Neteller), CryptoBank Transfer, Credit/Debit Cards, E-Wallets (Skrill, Neteller), Crypto
Withdrawal MethodsBank Transfer, Credit/Debit Cards, E-Wallets, CryptoBank Transfer, Credit/Debit Cards, E-Wallets, Crypto
Withdrawal Processing Time1-3 Business Days1 Business Day
Account TypesStandard, Synthetic, Financial STPStandard, VIP
Islamic AccountYesYes
Trading FeesLow, No inactivity feeLow, Inactivity fee after 90 days
Charting ToolsAdvanced, Multiple IndicatorsAdvanced, Multiple Indicators
Educational ResourcesTutorials, Webinars, Blogs, AcademyTutorials, Webinars, Blogs
Customer Support24/7 Live Chat, Email Support24/7 Live Chat, Email, Phone Support
Languages Supported20+15+
Mobile AppYes, Android and iOSYes, Android and iOS
SecuritySSL Encryption, Segregated AccountsSSL Encryption, Segregated Accounts
Bonuses and PromotionsNoYes, Occasionally
Regulated RegionsGlobal (Except Restricted Countries)Global (Except Restricted Countries)
Trading SignalsNoYes
User ExperienceUser-friendly, CustomizableUser-friendly, Sleek Design
Automated TradingYes, via Binary Bot and APIsNo
API AccessYesNo
Best ForBinary options traders, Experienced traders, Low-cost tradingBeginner and intermediate traders, Social trading enthusiasts
Overall Rating4.5/54.3/5
Account Verification TimeTypically 24-48 hoursTypically 24 hours
Chart Types AvailableLine, Candlestick, Bar, Heikin AshiLine, Candlestick, Bar, Heikin Ashi
Tick Chart OptionAvailableAvailable
Timeframes SupportedFrom 1 second to 1 monthFrom 5 seconds to 1 month
Advanced OrdersStop Loss, Take Profit, Trailing StopStop Loss, Take Profit
Market News IntegrationIntegrated news feed, Economic calendarIntegrated news feed, Economic calendar
Technical Analysis ToolsOver 90 indicators, Fibonacci tools, OscillatorsOver 80 indicators, Fibonacci tools, Oscillators
Volatility Index TradingAvailableNot available
Synthetic IndicesProprietary indices offeredNot offered
ScalpingPermittedPermitted
HedgingPermittedPermitted
Grid TradingSupported via MT5 and APIsSupported
Martingale Strategy CompatibilitySupported through Binary BotSupported
Risk Management ToolsMargin call alerts, Balance protectionMargin call alerts, Balance protection
Custom IndicatorsSupported on MT5Not supported
Execution Speed0.1-0.3 seconds0.5 seconds
Micro Lots AvailabilityAvailable (0.01 lots)Available (0.01 lots)
Spread BettingNot supportedNot supported
Swap-Free AccountsAvailable for Islamic accountsAvailable for Islamic accounts
Tick TradesSupportedSupported
Margin RequirementsAdjustable based on leverageFixed based on leverage
One-Click TradingSupportedSupported
VPS HostingAvailable for MT5 accountsNot available
Trailing Stop-LossSupportedSupported
Economic CalendarIn-built on the platformIn-built on the platform
Historical Data AccessExtensive for backtestingLimited
Web-Based TradingWebTrader, DTraderProprietary Web Platform
Desktop Platform CompatibilityWindows, macOS, LinuxWindows, macOS
Custom Scripts and BotsSupported via API and Binary BotNot supported
Pending Orders TypesLimit, Stop, Stop-LimitLimit, Stop
Trade Journal and AnalyticsLimitedIntegrated analytics
Over-the-Counter (OTC) TradingAvailable for certain instrumentsNot available
Leverage ControlAdjustable by userAdjustable by user
Position Sizing OptionsManual and automatedManual
Trading ContestsOccasionally heldFrequently held
Slippage ProtectionAvailableAvailable
Expiry Times for Binary OptionsFrom 1 second to 365 daysFrom 1 minute to 1 month
Weekend TradingAvailable on Synthetic IndicesLimited
Depth of Market (DOM)Available on MT5Not available
Contract Specifications TransparencyDetailed documentation availableDetailed documentation available
Sentiment IndicatorsAvailable for certain assetsAvailable for certain assets
Payout Percentage (Binary Options)Up to 100%Up to 95%
Interest on Idle BalancesNot offeredNot offered
Trading Challenges and PromotionsRareFrequent
Transaction FeesNo deposit fees, Low withdrawal feesNo deposit fees, Low withdrawal fees
Currency Pairs Available50+100+
Company OwnershipPrivately owned, Binary GroupPrivately owned, IQ Option Europe Ltd.
Global OfficesMultiple, including Malaysia, Malta, DubaiCyprus, Seychelles
Multi-Currency AccountsSupportedSupported
Account Base CurrenciesUSD, EUR, GBP, AUD, and moreUSD, EUR, GBP, RUB, and more
Regulatory AuditsRegular internal and external auditsRegular internal audits
Negative Balance ProtectionAvailableAvailable
Trading CompetitionsOccasionally held for specific instrumentsFrequent for binary options
Rebate ProgramsAvailable for high-volume tradersOccasionally available
Loyalty ProgramsNot availableAvailable for VIP accounts
Market Maker or ECNMarket Maker and ECN/STPMarket Maker
Candle Countdown TimerIntegratedIntegrated
Market Sentiment AnalysisAvailable through indicatorsAvailable through indicators
Order Book AccessLimitedNot available
Stop Out Level50%50%
Swap Rates TransparencyDetailed information availableDetailed information available
Scalping Time RestrictionsNo restrictionsNo restrictions
Trailing Commission for PartnersAvailable through affiliate programsAvailable through affiliate programs
Affiliate ProgramMulti-tier, CPA, Revenue ShareCPA, Revenue Share
Regulatory InsuranceAvailable for certain jurisdictionsAvailable for certain jurisdictions
Server LocationsMultiple, including Asia, Europe, and the Middle EastPrimarily in Europe
Expert Advisors (EAs)Supported on MT5Not supported
Position Holding Time LimitsNo limitsNo limits
High-Frequency Trading (HFT)SupportedSupported
Tick-Based TradingAvailableAvailable
Account Management ServicesSelf-managedSelf-managed
Deposit InsuranceLimited to regulated regionsLimited to regulated regions
Fees for InactivityNo inactivity feesCharged after 90 days of inactivity
Overnight Financing ChargesTransparent and competitiveTransparent and competitive
Broker’s Spread TypeVariableVariable
Multiple Chart ViewSupportedSupported
Fund SegregationClient funds segregated from company fundsClient funds segregated from company funds
Portfolio Management ToolsLimitedIntegrated
Profit Sharing OptionsNot availableAvailable through copy trading
Withdrawal LimitsHigh limitsHigh limits
Custom Expiry Times for OptionsCustomizableCustomizable
Transaction Security2FA, SSL Encryption2FA, SSL Encryption
Annual Report TransparencyLimited to regulatory requirementsLimited to regulatory requirements
Proprietary IndicatorsCustom indicators on MT5Custom indicators on proprietary platform
Manual Trade ExecutionSupportedSupported
Institutional Trading SupportLimitedNot available
Retail Investor AccountsMajority of usersMajority of users
Automated BacktestingSupported via MT5 and APINot supported
Chart Export OptionsPDF, CSV, and image formatsImage formats only
Market Gap ProtectionIntegratedIntegrated
Smart Contracts IntegrationNot availableNot available
Trading Volume Requirements for VIPHigh trading volumeHigh trading volume
Custom API Key ManagementAvailableNot available
Alert Systems (Price Alerts)Integrated on all platformsIntegrated on all platforms
Multi-Language SupportOver 20 languagesOver 15 languages
Customer Support Response TimeUnder 1 minute on live chatUnder 1 minute on live chat
Weekend Customer SupportAvailableAvailable
Guaranteed Stop LossNot offeredNot offered
Arbitrage TradingPermittedPermitted
PAMM/MAM AccountsNot availableNot available
Third-Party Service IntegrationLimited to MT5 pluginsLimited to social trading
Hotkeys for TradingAvailable on MT5Available on proprietary platform
Security of FundsSegregated accounts, Regulatory complianceSegregated accounts, Regulatory compliance
Re-quote PolicyNo re-quotesNo re-quotes
Slippage ControlAvailableAvailable
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Deriv offers extensive customization and automated trading options, making it ideal for experienced traders, while IQ Option excels in user experience and social trading for beginners.