Deriv vs Olymp Trade Comparison & Reviews

FeatureDerivOlymp Trade
Year Established20202014
RegulationRegulated by MFSA, VFSC, LFSARegulated by IFC (International Financial Commission)
Minimum Deposit$5 (varies by payment method)$10
Minimum Trade Amount$0.35$1
Maximum PayoutUp to 100%Up to 92%
Trading PlatformsDTrader, SmartTrader, DBot, Deriv MT5, Deriv X, Binary WebTraderOlymp Trade Web, Mobile App, MetaTrader 4
Assets OfferedForex, commodities, synthetic indices, stocks, cryptocurrenciesForex, stocks, commodities, cryptocurrencies, ETFs, indices
Contract TypesMultipliers, options (call/put), lookbacksCall/Put options, FX options
LeverageUp to 1:1000 (varies by asset)Up to 1:500 (for forex)
SpreadsVariable, starting from 0.1 pipsFixed, starting from 1.1 pips
CommissionNo commission on most trades, spreads applyNo commission on most trades, spreads apply
Demo AccountYes, unlimited with virtual fundsYes, unlimited with $10,000 virtual funds
Deposit MethodsBank transfer, credit/debit cards, e-wallets (Neteller, Skrill), crypto paymentsBank transfer, credit/debit cards, e-wallets (Neteller, Skrill), crypto payments
Withdrawal MethodsSame as deposit methodsSame as deposit methods
Withdrawal Time1-3 business days1-5 business days
FeesNo deposit or withdrawal feesNo deposit or withdrawal fees, but inactivity fee applies
Inactivity FeeYes, $25 after 12 months of inactivityYes, $10 per month after 180 days of inactivity
Mobile TradingYes, through Deriv GO and mobile-responsive web platformsYes, dedicated mobile app for iOS and Android
Automated TradingYes, via DBot (drag-and-drop bot builder)No native support, but allows external integrations
Charting ToolsAdvanced with indicators, drawing tools, multiple timeframesAdvanced with indicators, drawing tools, multiple timeframes
Education and ResourcesTutorials, blog, webinars, and help centerTutorials, blog, webinars, and help center
Customer Support24/7 via live chat and email24/7 via live chat, email, and phone
Security FeaturesSSL encryption, two-factor authentication (2FA)SSL encryption, two-factor authentication (2FA)
Bonuses and PromotionsNo deposit bonuses, promotions varyOffers bonuses occasionally, deposit bonuses available
Social TradingNoYes, through Olymp Trade Community
Regulation ComplianceStrong compliance with AML and KYC policiesCompliance with AML and KYC policies
Suitable for BeginnersYes, with intuitive platforms and educational resourcesYes, with user-friendly interface and extensive tutorials
Risk Management ToolsStop loss, take profit, risk limitsStop loss, take profit, risk limits
Special FeaturesSynthetic indices for non-stop tradingVIP account with enhanced features
Languages SupportedMultiple languages including English, Spanish, French, ArabicMultiple languages including English, Spanish, Portuguese, Hindi
Overall ReputationPositive, known for transparency and diverse asset classesPositive, known for user-friendliness and accessibility
Order TypesMarket orders, pending orders, limit orders, stop ordersMarket orders, pending orders, limit orders
Trading Hours24/7 for synthetic indices, market hours for other assets24/7 for crypto, market hours for other assets
Execution SpeedFast execution with minimal slippageFast execution with minimal slippage
Advanced OrdersTrailing stop, OCO (One Cancels Other)Trailing stop available
Risk Management FeaturesMargin call, stop-out levels, negative balance protectionMargin call, stop-out levels, negative balance protection
Asset ClassesIncludes synthetic indices unique to DerivIncludes ETFs and a broader range of stocks
Algorithmic TradingAvailable via API and DBotSupported via MetaTrader 4 with external plugins
Copy TradingSupported via MetaTrader 5Integrated through the Olymp Trade Community
Account TypesStandard, Financial STP, SyntheticStandard, VIP
Custom IndicatorsCustom scripting available on MT5Limited to built-in indicators
Analytics ToolsEconomic calendar, trading signalsEconomic calendar, trading signals
Trade Expiry TimesRanges from 1 minute to 365 daysRanges from 1 minute to 24 hours
Currency Pairs OfferedOver 50Over 30
Synthetic MarketsOffers unique synthetic indicesDoes not offer synthetic indices
Scalping and HedgingBoth allowedBoth allowed
Futures and Options TradingOffers options trading but no traditional futuresOffers options trading but no traditional futures
Cryptocurrency OptionsBitcoin, Ethereum, Litecoin, Ripple, and moreBitcoin, Ethereum, Litecoin, Dash, and more
Fiat Currencies SupportedUSD, EUR, GBP, AUD, and othersUSD, EUR, INR, BRL, and others
RequotesNo requotesNo requotes
Volatility Protection SettingsAvailable on MT5 with synthetic indicesLimited to standard risk management tools
Interest on Unused FundsDoes not provide interest on idle balancesOffers interest for VIP accounts
Margin RequirementsFlexible margin requirements based on assetStandard margin requirements based on asset
API AccessComprehensive API for automated tradingLimited API access for trade automation
Cashback and RebatesOffers rebate programs based on trading volumeOccasionally offers cashback for VIP accounts
Integration with Third-Party ToolsSupports integration with TradingView, MT5 pluginsSupports MetaTrader 4 and external analysis tools
User Interface CustomizationHighly customizable on DTrader and MT5Moderately customizable on the web platform
News and Market UpdatesIntegrated news feed and alertsIntegrated news feed and alerts
Trading Challenges and CompetitionsOffers tournaments occasionallyRegular trading competitions and challenges
Account Verification TimeUsually 24-48 hours24-72 hours
Multi-Charting CapabilityAvailable on MT5 and DTraderAvailable on web and MT4
Tick TradingSupported for synthetic indicesSupported for specific assets
Cross-Platform SyncSeamless sync between desktop and mobile platformsSeamless sync between desktop and mobile platforms
Heat Maps and Sentiment IndicatorsProvides sentiment indicators on DTraderProvides sentiment indicators on the web platform
Localization and Regional SupportStrong support for Africa and Southeast AsiaStrong support for Latin America and Asia
Referral and Affiliate ProgramsRobust affiliate program with high commissionsActive affiliate program with moderate commissions
Profit Withdrawal LimitsNo limits on withdrawal amountsNo limits on withdrawal amounts
Historical Data AccessAvailable for synthetic indices and forexAvailable for all assets
Scalping TimeframesSupports 1-minute and tick chartsSupports 1-minute charts
Funding CurrenciesMultiple currencies including cryptocurrenciesMultiple currencies including cryptocurrencies
User Authentication2FA, biometric login on mobile2FA, biometric login on mobile
Swap-Free AccountsAvailable for Islamic tradersAvailable for Islamic traders
Market Depth InformationProvided on MT5Limited to MT4 users
Order Book VisibilityAvailable for synthetic indicesAvailable for selected assets
Server Location OptionsMultiple server locations for reduced latencySingle server location, higher latency for distant users
Chart TypesCandlestick, Heikin Ashi, tick, line, and area chartsCandlestick, Heikin Ashi, line, and area charts
Advanced Chart FeaturesTick charts with milliseconds precisionLacks millisecond precision on tick charts
Custom TimeframesSupports custom timeframes on MT5Limited to pre-defined timeframes
Volume IndicatorsAvailable for forex and synthetic indicesAvailable for all assets
Deposit BonusesNo standard deposit bonusesOffers deposit bonuses during promotions
Smart Trading ToolsTrade management tools on DTraderFixed tools with limited customization
Withdrawal Processing FeeNo fees for most methodsNo fees for most methods
Local Bank TransfersSupports local banks in multiple countriesSupports local banks in selected regions
Spread BettingNot availableNot available
Fund SegregationSegregated client funds for securitySegregated client funds for security
Weekend TradingAvailable for synthetic indices and cryptoAvailable for crypto
Trailing Stop CustomizationAllows step and distance customizationStandard trailing stops
Custom Scripts and EASupports Expert Advisors (EAs) on MT5Supports EAs on MT4
Fund Management FeaturesMulti-asset management for portfolio tradersSimplified asset management
Risk-Free TradesNot offeredAvailable for VIP accounts
Fixed Time Trading (FTT)Available with flexible expiry optionsCore feature with predefined expiries
Dark Mode UIAvailable on mobile and web platformsAvailable on mobile and web platforms
Learning Path and CertificationNo certification, but offers structured learning pathsProvides trading certifications for users
Contests and TournamentsOccasional trading contestsFrequent contests with prize pools
Rebate ProgramsAvailable for high-volume tradersAvailable for VIP accounts
Account Opening TimeLess than 5 minutesLess than 5 minutes
Community SupportActive forums and Telegram groupsActive forums and a large social trading community
Economic Indicators IntegrationReal-time economic indicators on MT5Real-time economic indicators on web and MT4
Chart Annotation ToolsText, arrows, trendlines, and Fibonacci toolsText, arrows, trendlines, and Fibonacci tools
Hotkeys and Keyboard ShortcutsAvailable on MT5 and DTraderLimited shortcuts on the web platform
Market Sentiment AnalysisProvides sentiment analysis for synthetic indicesProvides sentiment analysis for forex
Partnership ProgramsComprehensive affiliate and IB (Introducing Broker) programsActive affiliate program with attractive commissions
High-Risk Trading AlertsWarning alerts for high-leverage and volatile assetsWarning alerts for high-risk assets
Multi-Device CompatibilityWorks seamlessly on desktops, tablets, and smartphonesWorks seamlessly on desktops, tablets, and smartphones
Advanced Order ModificationsAllows modifications on open orders without cancellationLimited to cancel and replace options
Earnings Reports CalendarIntegrated with economic calendarIntegrated with economic calendar
Stock Dividends HandlingAdjusts account balances for dividends on stock CFDsAdjusts account balances for dividends on stock CFDs
Leverage CustomizationFlexible leverage settings per assetFixed leverage per account type
Trading Plan TemplatesProvides templates on DTrader and MT5Offers templates on the web platform
Instant Execution GuaranteeGuaranteed for synthetic indicesGuaranteed for most assets
Rollover and Swap OptionsCustomizable on MT5Standard rollover and swap rates
Pip CalculatorIntegrated for forex and synthetic indicesIntegrated for forex
Accessibility FeaturesHigh contrast mode, adjustable font sizesHigh contrast mode, adjustable font sizes
See also  Exness vs RoboForex Comparison

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.