Feature | Deriv | IQ Option |
---|---|---|
Founded | 1999 | 2013 |
Regulation | Regulated by MFSA, VFSC, FSC | Regulated by CySEC |
Minimum Deposit | $5 | $10 |
Demo Account | Yes, Unlimited | Yes, Unlimited |
Trading Platforms | DTrader, Deriv MT5, Deriv X, Binary Bot, SmartTrader | Proprietary platform (Web, Mobile, Desktop) |
Asset Classes | Forex, Stocks, Commodities, Indices, Synthetic Indices, Cryptocurrencies | Forex, Stocks, Commodities, Indices, Cryptocurrencies, ETFs |
Number of Assets | 100+ | 300+ |
Leverage | Up to 1:1000 | Up to 1:1000 |
Spreads | Variable, starting from 0.5 pips | Variable, starting from 0.6 pips |
Commission | Zero-commission for most accounts | Zero-commission for most accounts |
Order Execution | Market Execution | Market Execution |
Trading Instruments | CFDs, Options, Multipliers | CFDs, Binary Options |
Binary Options | Yes | Yes |
Cryptocurrency Trading | Yes, Multiple Coins | Yes, Multiple Coins |
Copy Trading | No | Yes |
Social Trading | No | Yes |
Deposit Methods | Bank Transfer, Credit/Debit Cards, E-Wallets (Skrill, Neteller), Crypto | Bank Transfer, Credit/Debit Cards, E-Wallets (Skrill, Neteller), Crypto |
Withdrawal Methods | Bank Transfer, Credit/Debit Cards, E-Wallets, Crypto | Bank Transfer, Credit/Debit Cards, E-Wallets, Crypto |
Withdrawal Processing Time | 1-3 Business Days | 1 Business Day |
Account Types | Standard, Synthetic, Financial STP | Standard, VIP |
Islamic Account | Yes | Yes |
Trading Fees | Low, No inactivity fee | Low, Inactivity fee after 90 days |
Charting Tools | Advanced, Multiple Indicators | Advanced, Multiple Indicators |
Educational Resources | Tutorials, Webinars, Blogs, Academy | Tutorials, Webinars, Blogs |
Customer Support | 24/7 Live Chat, Email Support | 24/7 Live Chat, Email, Phone Support |
Languages Supported | 20+ | 15+ |
Mobile App | Yes, Android and iOS | Yes, Android and iOS |
Security | SSL Encryption, Segregated Accounts | SSL Encryption, Segregated Accounts |
Bonuses and Promotions | No | Yes, Occasionally |
Regulated Regions | Global (Except Restricted Countries) | Global (Except Restricted Countries) |
Trading Signals | No | Yes |
User Experience | User-friendly, Customizable | User-friendly, Sleek Design |
Automated Trading | Yes, via Binary Bot and APIs | No |
API Access | Yes | No |
Best For | Binary options traders, Experienced traders, Low-cost trading | Beginner and intermediate traders, Social trading enthusiasts |
Overall Rating | 4.5/5 | 4.3/5 |
Account Verification Time | Typically 24-48 hours | Typically 24 hours |
Chart Types Available | Line, Candlestick, Bar, Heikin Ashi | Line, Candlestick, Bar, Heikin Ashi |
Tick Chart Option | Available | Available |
Timeframes Supported | From 1 second to 1 month | From 5 seconds to 1 month |
Advanced Orders | Stop Loss, Take Profit, Trailing Stop | Stop Loss, Take Profit |
Market News Integration | Integrated news feed, Economic calendar | Integrated news feed, Economic calendar |
Technical Analysis Tools | Over 90 indicators, Fibonacci tools, Oscillators | Over 80 indicators, Fibonacci tools, Oscillators |
Volatility Index Trading | Available | Not available |
Synthetic Indices | Proprietary indices offered | Not offered |
Scalping | Permitted | Permitted |
Hedging | Permitted | Permitted |
Grid Trading | Supported via MT5 and APIs | Supported |
Martingale Strategy Compatibility | Supported through Binary Bot | Supported |
Risk Management Tools | Margin call alerts, Balance protection | Margin call alerts, Balance protection |
Custom Indicators | Supported on MT5 | Not supported |
Execution Speed | 0.1-0.3 seconds | 0.5 seconds |
Micro Lots Availability | Available (0.01 lots) | Available (0.01 lots) |
Spread Betting | Not supported | Not supported |
Swap-Free Accounts | Available for Islamic accounts | Available for Islamic accounts |
Tick Trades | Supported | Supported |
Margin Requirements | Adjustable based on leverage | Fixed based on leverage |
One-Click Trading | Supported | Supported |
VPS Hosting | Available for MT5 accounts | Not available |
Trailing Stop-Loss | Supported | Supported |
Economic Calendar | In-built on the platform | In-built on the platform |
Historical Data Access | Extensive for backtesting | Limited |
Web-Based Trading | WebTrader, DTrader | Proprietary Web Platform |
Desktop Platform Compatibility | Windows, macOS, Linux | Windows, macOS |
Custom Scripts and Bots | Supported via API and Binary Bot | Not supported |
Pending Orders Types | Limit, Stop, Stop-Limit | Limit, Stop |
Trade Journal and Analytics | Limited | Integrated analytics |
Over-the-Counter (OTC) Trading | Available for certain instruments | Not available |
Leverage Control | Adjustable by user | Adjustable by user |
Position Sizing Options | Manual and automated | Manual |
Trading Contests | Occasionally held | Frequently held |
Slippage Protection | Available | Available |
Expiry Times for Binary Options | From 1 second to 365 days | From 1 minute to 1 month |
Weekend Trading | Available on Synthetic Indices | Limited |
Depth of Market (DOM) | Available on MT5 | Not available |
Contract Specifications Transparency | Detailed documentation available | Detailed documentation available |
Sentiment Indicators | Available for certain assets | Available for certain assets |
Payout Percentage (Binary Options) | Up to 100% | Up to 95% |
Interest on Idle Balances | Not offered | Not offered |
Trading Challenges and Promotions | Rare | Frequent |
Transaction Fees | No deposit fees, Low withdrawal fees | No deposit fees, Low withdrawal fees |
Currency Pairs Available | 50+ | 100+ |
Company Ownership | Privately owned, Binary Group | Privately owned, IQ Option Europe Ltd. |
Global Offices | Multiple, including Malaysia, Malta, Dubai | Cyprus, Seychelles |
Multi-Currency Accounts | Supported | Supported |
Account Base Currencies | USD, EUR, GBP, AUD, and more | USD, EUR, GBP, RUB, and more |
Regulatory Audits | Regular internal and external audits | Regular internal audits |
Negative Balance Protection | Available | Available |
Trading Competitions | Occasionally held for specific instruments | Frequent for binary options |
Rebate Programs | Available for high-volume traders | Occasionally available |
Loyalty Programs | Not available | Available for VIP accounts |
Market Maker or ECN | Market Maker and ECN/STP | Market Maker |
Candle Countdown Timer | Integrated | Integrated |
Market Sentiment Analysis | Available through indicators | Available through indicators |
Order Book Access | Limited | Not available |
Stop Out Level | 50% | 50% |
Swap Rates Transparency | Detailed information available | Detailed information available |
Scalping Time Restrictions | No restrictions | No restrictions |
Trailing Commission for Partners | Available through affiliate programs | Available through affiliate programs |
Affiliate Program | Multi-tier, CPA, Revenue Share | CPA, Revenue Share |
Regulatory Insurance | Available for certain jurisdictions | Available for certain jurisdictions |
Server Locations | Multiple, including Asia, Europe, and the Middle East | Primarily in Europe |
Expert Advisors (EAs) | Supported on MT5 | Not supported |
Position Holding Time Limits | No limits | No limits |
High-Frequency Trading (HFT) | Supported | Supported |
Tick-Based Trading | Available | Available |
Account Management Services | Self-managed | Self-managed |
Deposit Insurance | Limited to regulated regions | Limited to regulated regions |
Fees for Inactivity | No inactivity fees | Charged after 90 days of inactivity |
Overnight Financing Charges | Transparent and competitive | Transparent and competitive |
Broker’s Spread Type | Variable | Variable |
Multiple Chart View | Supported | Supported |
Fund Segregation | Client funds segregated from company funds | Client funds segregated from company funds |
Portfolio Management Tools | Limited | Integrated |
Profit Sharing Options | Not available | Available through copy trading |
Withdrawal Limits | High limits | High limits |
Custom Expiry Times for Options | Customizable | Customizable |
Transaction Security | 2FA, SSL Encryption | 2FA, SSL Encryption |
Annual Report Transparency | Limited to regulatory requirements | Limited to regulatory requirements |
Proprietary Indicators | Custom indicators on MT5 | Custom indicators on proprietary platform |
Manual Trade Execution | Supported | Supported |
Institutional Trading Support | Limited | Not available |
Retail Investor Accounts | Majority of users | Majority of users |
Automated Backtesting | Supported via MT5 and API | Not supported |
Chart Export Options | PDF, CSV, and image formats | Image formats only |
Market Gap Protection | Integrated | Integrated |
Smart Contracts Integration | Not available | Not available |
Trading Volume Requirements for VIP | High trading volume | High trading volume |
Custom API Key Management | Available | Not available |
Alert Systems (Price Alerts) | Integrated on all platforms | Integrated on all platforms |
Multi-Language Support | Over 20 languages | Over 15 languages |
Customer Support Response Time | Under 1 minute on live chat | Under 1 minute on live chat |
Weekend Customer Support | Available | Available |
Guaranteed Stop Loss | Not offered | Not offered |
Arbitrage Trading | Permitted | Permitted |
PAMM/MAM Accounts | Not available | Not available |
Third-Party Service Integration | Limited to MT5 plugins | Limited to social trading |
Hotkeys for Trading | Available on MT5 | Available on proprietary platform |
Security of Funds | Segregated accounts, Regulatory compliance | Segregated accounts, Regulatory compliance |
Re-quote Policy | No re-quotes | No re-quotes |
Slippage Control | Available | Available |
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.