Feature | Deriv | OctaFX |
---|---|---|
Year Established | 1999 | 2011 |
Regulation | MFSA (Malta), LFSA (Labuan), BVIFSC (BVI), VFSC (Vanuatu), FSC (Mauritius), SVGFSA (St. Vincent and the Grenadines) | CySEC (Cyprus) |
Maximum Regulation Level | Tier-2 | Tier-2 |
Investor Protection | € 20,000 | € 20,000 |
Trading Platforms | Deriv Trader, Deriv X, Deriv Go, MT5, cTrader, TradingView | MetaTrader 4, MetaTrader 5, Web, Social trading |
Minimum Deposit | $5 | $25 |
Maximum Leverage | Up to 1:1000 | Up to 1:500 (1:30 for EU clients) |
Spread on EUR/USD (min) | 0.5 pips | 0.6 pips |
Commission | None | None |
Trading Instruments | Forex, Commodities, Indices, Cryptocurrencies, Synthetic Indices, Stocks, Options, ETFs | Forex, Commodities, Indices, Cryptocurrencies, Energies |
Number of Tradable Instruments | 270+ | 70+ |
Account Types | Real Account, Demo Account | Demo Account, Standard Account, Islamic Account |
Deposit Methods | Bank Wire, Credit/Debit Cards, E-wallets (Skrill, Neteller), Cryptocurrencies (BTC, USDT) | Bank Wire, Credit/Debit Cards, E-wallets (Skrill, Neteller), Cryptocurrencies (BTC, USDT) |
Withdrawal Methods | Bank Wire, Credit/Debit Cards, E-wallets (Skrill, Neteller), Cryptocurrencies (BTC, USDT) | Bank Wire, Credit/Debit Cards, E-wallets (Skrill, Neteller), Cryptocurrencies (BTC, USDT) |
Deposit/Withdrawal Fees | None | None |
Inactivity Fee | $25 after 12 months of inactivity | None |
Swap-Free Accounts | Yes | Yes |
Copy Trading | Yes | Yes |
Educational Resources | Articles, Videos, Demo Account | Webinars, Articles, Videos, Demo Account |
Customer Support | 24/7 via Email and Live Chat | 24/5 via Email, Phone, Live Chat |
Bonuses and Promotions | No | Deposit bonuses ranging from 10% to 50% |
Affiliate Program | Yes | Yes |
Languages Supported | English, Spanish, French, Indonesian, Italian, Polish, Portuguese, Russian, Thai, Turkish, Vietnamese | Bengali/Bangla, Chinese, English, German, Hindi, Indonesian, Malay, Portuguese, Spanish, Thai |
Order Execution Type | Market Execution, Instant Execution | Market Execution |
Order Types | Market Orders, Limit Orders, Stop Orders, Trailing Stops | Market Orders, Limit Orders, Stop Orders, Trailing Stops, One-Click Trading |
Algorithmic Trading | Supported with DMT5, API available | Supported with MT4/MT5, API available |
Social Trading Features | Copy trading through proprietary app | Copy trading with dedicated OctaFX app |
Scalping | Allowed without restrictions | Allowed with some limitations on MT4 |
Hedging | Fully supported | Fully supported |
Trading Signals | Integrated with MT5 and TradingView | Integrated with MT4/MT5 |
VPS Hosting | Available for high-volume traders | Available for free upon request based on conditions |
Trading Contests | Weekly and monthly contests for demo and real accounts | Regular demo contests with cash prizes |
Risk Management Tools | Stop Loss, Take Profit, Margin Call Alerts, Risk Calculator | Stop Loss, Take Profit, Margin Call Alerts |
Lot Size Range | From 0.01 to 100 lots | From 0.01 to 200 lots |
Asset Protection | Negative balance protection | Negative balance protection |
Execution Speed | Less than 50ms on average | Less than 100ms on average |
Custom Indicators | Supported on DMT5 and TradingView | Supported on MT4/MT5 |
PAMM/MAM Accounts | Not offered | MAM accounts available |
Market Analysis Tools | Economic Calendar, Market News, Price Alerts | Economic Calendar, Market News, Technical Analysis |
Leverage Adjustment | Adjustable based on risk profile | Adjustable based on account type |
Currency Pairs | 60+ pairs | 50+ pairs |
Cryptocurrency Trading | 20+ cryptos including BTC, ETH, LTC, XRP | 30+ cryptos including BTC, ETH, LTC, XRP, ADA |
Options Trading | Available through Deriv X | Not available |
Synthetic Indices | Exclusive offering (Volatility Indices, Crash/Boom Indices) | Not available |
Geographic Restrictions | Not available in certain jurisdictions (e.g., USA, Canada, Hong Kong) | Not available in USA, Canada, and several other countries |
Account Base Currencies | USD, EUR, GBP, AUD, BTC | USD, EUR, IDR, INR, NGN, MYR |
Multilingual Support on Platform | 20+ languages | 15+ languages |
Mobile Trading | Proprietary apps for iOS and Android | MetaTrader apps for iOS and Android |
Fees on Swap-Free Accounts | Administrative fee may apply | No fees, but limited instruments available |
Automated Trading Tools | Dbot (Drag-and-Drop Bot), Binary Bot | Expert Advisors (EAs) on MT4/MT5 |
Security Measures | 2FA, SSL encryption, Segregated funds | 2FA, SSL encryption, Segregated funds |
Partnership Programs | IB Program, Affiliate Program, White Label solutions | IB Program, Affiliate Program |
Company Transparency | Detailed annual reports and financial statements | Basic company information available |
Trailing Stop Execution | Available on DMT5 and TradingView | Available on MT4/MT5 |
One-Click Trading | Integrated across platforms | Integrated on MT4/MT5 |
News Trading | Supported without restrictions | Supported with caution on MT4/MT5 |
Swap Fees | Competitive rates, varies by instrument | Competitive rates, varies by instrument |
Stop Out Level | 50% | 20% |
Mobile App Features | Integrated charting, technical analysis tools, push notifications | Full MT4/MT5 functionality, push notifications |
Backtesting Capability | Available on DMT5 | Available on MT4/MT5 |
Timeframes Available | 1 minute to 1 month | 1 minute to 1 month |
Chart Types | Candlestick, Bar, Line, Heikin Ashi | Candlestick, Bar, Line, Renko |
Indicator Count | 90+ indicators | 50+ indicators |
Margin Call Level | 100% | 80% |
Tick Charts | Available on Deriv X | Not available |
Futures Trading | Not offered | Limited availability on certain instruments |
Deposit Processing Time | Instant for most methods | Instant for most methods |
Withdrawal Processing Time | 1 business day for most methods | 1-3 business days depending on method |
Rollover Rates | Transparent, displayed on the platform | Displayed on MT4/MT5 |
Weekend Trading | Available for synthetic indices | Not available |
Grid Trading | Can be executed with bots and scripts | Can be executed with EAs on MT4/MT5 |
Price Alerts | Customizable alerts on platforms | Available on MT4/MT5 |
Lot Restrictions | No restrictions on standard accounts | Restrictions based on account type |
Customer Support Channels | Live chat, email, support ticket system | Live chat, phone, email |
Community Support | Active forums and social media presence | Active forums and social media presence |
Advanced Order Types | Good ‘til Canceled (GTC), Immediate or Cancel (IOC) | Good ‘til Canceled (GTC), Fill or Kill (FOK) |
API Access | WebSocket API for automated trading | FIX API for institutional traders |
Risk Disclaimer Transparency | Clearly displayed with detailed explanations | Clearly displayed on the website |
Trading Hours | 24/5 for most markets, 24/7 for synthetics | 24/5 for all markets |
Funds Security | Segregated accounts with top-tier banks | Segregated accounts with reputable banks |
Leverage on Cryptos | Up to 1:100 | Up to 1:25 |
Leverage on Indices | Up to 1:200 | Up to 1:100 |
Regulation Transparency | Regulatory licenses displayed on website | Regulatory information accessible on request |
Interactive Charts | Available on all platforms | Available on MT4/MT5 |
Guaranteed Stop Loss | Not offered | Not offered |
Manual Trading Support | Comprehensive with educational resources | Comprehensive with webinars and guides |
Spread Type | Variable spreads | Variable spreads |
Tick Data Availability | Available for backtesting | Available for backtesting |
Access to Premium Analysis | Available through Deriv blog and TradingView integration | Available through market analysis reports |
Asset Management Services | Not offered | MAM accounts for asset management |
Blockchain Transactions | Supported for deposits and withdrawals | Supported for deposits and withdrawals |
Regulatory Audit Frequency | Annual audits by external firms | Annual audits by external firms |
Insurance Coverage | Professional Indemnity Insurance | Investor Compensation Fund for EU clients |
Demo Account Expiry | No expiry | Expires after 60 days if inactive |
Cross-Platform Synchronization | Real-time across desktop, web, and mobile | Real-time across MT4/MT5 apps |
Data Encryption Level | 256-bit SSL encryption | 256-bit SSL encryption |
Server Location Diversity | Multiple data centers globally | Multiple data centers in Europe and Asia |
Data Privacy Compliance | GDPR compliance | GDPR compliance |
Affiliate Commission Structure | CPA, Revenue Share, Hybrid | CPA, Revenue Share |
Islamic Account Features | No swaps, administrative fee may apply | No swaps or hidden fees |
Deriv offers a broader range of instruments, lower minimum deposits, and unique features like synthetic indices, while OctaFX provides higher leverage on select assets and extensive copy trading options. Both brokers offer competitive spreads, reliable platforms, and comprehensive support.