Feature | Deriv | Olymp Trade |
---|---|---|
Year Established | 2020 | 2014 |
Regulation | Regulated by MFSA, VFSC, LFSA | Regulated by IFC (International Financial Commission) |
Minimum Deposit | $5 (varies by payment method) | $10 |
Minimum Trade Amount | $0.35 | $1 |
Maximum Payout | Up to 100% | Up to 92% |
Trading Platforms | DTrader, SmartTrader, DBot, Deriv MT5, Deriv X, Binary WebTrader | Olymp Trade Web, Mobile App, MetaTrader 4 |
Assets Offered | Forex, commodities, synthetic indices, stocks, cryptocurrencies | Forex, stocks, commodities, cryptocurrencies, ETFs, indices |
Contract Types | Multipliers, options (call/put), lookbacks | Call/Put options, FX options |
Leverage | Up to 1:1000 (varies by asset) | Up to 1:500 (for forex) |
Spreads | Variable, starting from 0.1 pips | Fixed, starting from 1.1 pips |
Commission | No commission on most trades, spreads apply | No commission on most trades, spreads apply |
Demo Account | Yes, unlimited with virtual funds | Yes, unlimited with $10,000 virtual funds |
Deposit Methods | Bank transfer, credit/debit cards, e-wallets (Neteller, Skrill), crypto payments | Bank transfer, credit/debit cards, e-wallets (Neteller, Skrill), crypto payments |
Withdrawal Methods | Same as deposit methods | Same as deposit methods |
Withdrawal Time | 1-3 business days | 1-5 business days |
Fees | No deposit or withdrawal fees | No deposit or withdrawal fees, but inactivity fee applies |
Inactivity Fee | Yes, $25 after 12 months of inactivity | Yes, $10 per month after 180 days of inactivity |
Mobile Trading | Yes, through Deriv GO and mobile-responsive web platforms | Yes, dedicated mobile app for iOS and Android |
Automated Trading | Yes, via DBot (drag-and-drop bot builder) | No native support, but allows external integrations |
Charting Tools | Advanced with indicators, drawing tools, multiple timeframes | Advanced with indicators, drawing tools, multiple timeframes |
Education and Resources | Tutorials, blog, webinars, and help center | Tutorials, blog, webinars, and help center |
Customer Support | 24/7 via live chat and email | 24/7 via live chat, email, and phone |
Security Features | SSL encryption, two-factor authentication (2FA) | SSL encryption, two-factor authentication (2FA) |
Bonuses and Promotions | No deposit bonuses, promotions vary | Offers bonuses occasionally, deposit bonuses available |
Social Trading | No | Yes, through Olymp Trade Community |
Regulation Compliance | Strong compliance with AML and KYC policies | Compliance with AML and KYC policies |
Suitable for Beginners | Yes, with intuitive platforms and educational resources | Yes, with user-friendly interface and extensive tutorials |
Risk Management Tools | Stop loss, take profit, risk limits | Stop loss, take profit, risk limits |
Special Features | Synthetic indices for non-stop trading | VIP account with enhanced features |
Languages Supported | Multiple languages including English, Spanish, French, Arabic | Multiple languages including English, Spanish, Portuguese, Hindi |
Overall Reputation | Positive, known for transparency and diverse asset classes | Positive, known for user-friendliness and accessibility |
Order Types | Market orders, pending orders, limit orders, stop orders | Market orders, pending orders, limit orders |
Trading Hours | 24/7 for synthetic indices, market hours for other assets | 24/7 for crypto, market hours for other assets |
Execution Speed | Fast execution with minimal slippage | Fast execution with minimal slippage |
Advanced Orders | Trailing stop, OCO (One Cancels Other) | Trailing stop available |
Risk Management Features | Margin call, stop-out levels, negative balance protection | Margin call, stop-out levels, negative balance protection |
Asset Classes | Includes synthetic indices unique to Deriv | Includes ETFs and a broader range of stocks |
Algorithmic Trading | Available via API and DBot | Supported via MetaTrader 4 with external plugins |
Copy Trading | Supported via MetaTrader 5 | Integrated through the Olymp Trade Community |
Account Types | Standard, Financial STP, Synthetic | Standard, VIP |
Custom Indicators | Custom scripting available on MT5 | Limited to built-in indicators |
Analytics Tools | Economic calendar, trading signals | Economic calendar, trading signals |
Trade Expiry Times | Ranges from 1 minute to 365 days | Ranges from 1 minute to 24 hours |
Currency Pairs Offered | Over 50 | Over 30 |
Synthetic Markets | Offers unique synthetic indices | Does not offer synthetic indices |
Scalping and Hedging | Both allowed | Both allowed |
Futures and Options Trading | Offers options trading but no traditional futures | Offers options trading but no traditional futures |
Cryptocurrency Options | Bitcoin, Ethereum, Litecoin, Ripple, and more | Bitcoin, Ethereum, Litecoin, Dash, and more |
Fiat Currencies Supported | USD, EUR, GBP, AUD, and others | USD, EUR, INR, BRL, and others |
Requotes | No requotes | No requotes |
Volatility Protection Settings | Available on MT5 with synthetic indices | Limited to standard risk management tools |
Interest on Unused Funds | Does not provide interest on idle balances | Offers interest for VIP accounts |
Margin Requirements | Flexible margin requirements based on asset | Standard margin requirements based on asset |
API Access | Comprehensive API for automated trading | Limited API access for trade automation |
Cashback and Rebates | Offers rebate programs based on trading volume | Occasionally offers cashback for VIP accounts |
Integration with Third-Party Tools | Supports integration with TradingView, MT5 plugins | Supports MetaTrader 4 and external analysis tools |
User Interface Customization | Highly customizable on DTrader and MT5 | Moderately customizable on the web platform |
News and Market Updates | Integrated news feed and alerts | Integrated news feed and alerts |
Trading Challenges and Competitions | Offers tournaments occasionally | Regular trading competitions and challenges |
Account Verification Time | Usually 24-48 hours | 24-72 hours |
Multi-Charting Capability | Available on MT5 and DTrader | Available on web and MT4 |
Tick Trading | Supported for synthetic indices | Supported for specific assets |
Cross-Platform Sync | Seamless sync between desktop and mobile platforms | Seamless sync between desktop and mobile platforms |
Heat Maps and Sentiment Indicators | Provides sentiment indicators on DTrader | Provides sentiment indicators on the web platform |
Localization and Regional Support | Strong support for Africa and Southeast Asia | Strong support for Latin America and Asia |
Referral and Affiliate Programs | Robust affiliate program with high commissions | Active affiliate program with moderate commissions |
Profit Withdrawal Limits | No limits on withdrawal amounts | No limits on withdrawal amounts |
Historical Data Access | Available for synthetic indices and forex | Available for all assets |
Scalping Timeframes | Supports 1-minute and tick charts | Supports 1-minute charts |
Funding Currencies | Multiple currencies including cryptocurrencies | Multiple currencies including cryptocurrencies |
User Authentication | 2FA, biometric login on mobile | 2FA, biometric login on mobile |
Swap-Free Accounts | Available for Islamic traders | Available for Islamic traders |
Market Depth Information | Provided on MT5 | Limited to MT4 users |
Order Book Visibility | Available for synthetic indices | Available for selected assets |
Server Location Options | Multiple server locations for reduced latency | Single server location, higher latency for distant users |
Chart Types | Candlestick, Heikin Ashi, tick, line, and area charts | Candlestick, Heikin Ashi, line, and area charts |
Advanced Chart Features | Tick charts with milliseconds precision | Lacks millisecond precision on tick charts |
Custom Timeframes | Supports custom timeframes on MT5 | Limited to pre-defined timeframes |
Volume Indicators | Available for forex and synthetic indices | Available for all assets |
Deposit Bonuses | No standard deposit bonuses | Offers deposit bonuses during promotions |
Smart Trading Tools | Trade management tools on DTrader | Fixed tools with limited customization |
Withdrawal Processing Fee | No fees for most methods | No fees for most methods |
Local Bank Transfers | Supports local banks in multiple countries | Supports local banks in selected regions |
Spread Betting | Not available | Not available |
Fund Segregation | Segregated client funds for security | Segregated client funds for security |
Weekend Trading | Available for synthetic indices and crypto | Available for crypto |
Trailing Stop Customization | Allows step and distance customization | Standard trailing stops |
Custom Scripts and EA | Supports Expert Advisors (EAs) on MT5 | Supports EAs on MT4 |
Fund Management Features | Multi-asset management for portfolio traders | Simplified asset management |
Risk-Free Trades | Not offered | Available for VIP accounts |
Fixed Time Trading (FTT) | Available with flexible expiry options | Core feature with predefined expiries |
Dark Mode UI | Available on mobile and web platforms | Available on mobile and web platforms |
Learning Path and Certification | No certification, but offers structured learning paths | Provides trading certifications for users |
Contests and Tournaments | Occasional trading contests | Frequent contests with prize pools |
Rebate Programs | Available for high-volume traders | Available for VIP accounts |
Account Opening Time | Less than 5 minutes | Less than 5 minutes |
Community Support | Active forums and Telegram groups | Active forums and a large social trading community |
Economic Indicators Integration | Real-time economic indicators on MT5 | Real-time economic indicators on web and MT4 |
Chart Annotation Tools | Text, arrows, trendlines, and Fibonacci tools | Text, arrows, trendlines, and Fibonacci tools |
Hotkeys and Keyboard Shortcuts | Available on MT5 and DTrader | Limited shortcuts on the web platform |
Market Sentiment Analysis | Provides sentiment analysis for synthetic indices | Provides sentiment analysis for forex |
Partnership Programs | Comprehensive affiliate and IB (Introducing Broker) programs | Active affiliate program with attractive commissions |
High-Risk Trading Alerts | Warning alerts for high-leverage and volatile assets | Warning alerts for high-risk assets |
Multi-Device Compatibility | Works seamlessly on desktops, tablets, and smartphones | Works seamlessly on desktops, tablets, and smartphones |
Advanced Order Modifications | Allows modifications on open orders without cancellation | Limited to cancel and replace options |
Earnings Reports Calendar | Integrated with economic calendar | Integrated with economic calendar |
Stock Dividends Handling | Adjusts account balances for dividends on stock CFDs | Adjusts account balances for dividends on stock CFDs |
Leverage Customization | Flexible leverage settings per asset | Fixed leverage per account type |
Trading Plan Templates | Provides templates on DTrader and MT5 | Offers templates on the web platform |
Instant Execution Guarantee | Guaranteed for synthetic indices | Guaranteed for most assets |
Rollover and Swap Options | Customizable on MT5 | Standard rollover and swap rates |
Pip Calculator | Integrated for forex and synthetic indices | Integrated for forex |
Accessibility Features | High contrast mode, adjustable font sizes | High contrast mode, adjustable font sizes |
Deriv offers a wide range of trading platforms, synthetic indices, and advanced customization, making it ideal for experienced traders. Olymp Trade focuses on user-friendliness, social trading, and frequent promotions, appealing to beginners and intermediate traders.