Feature | Deriv | ThinkMarkets |
---|---|---|
Founded Year | 1999 | 2010 |
Headquarters | Malta | Australia |
Regulation | MFSA (Malta), VFSC (Vanuatu), FSC (British Virgin Islands), FSA (Malaysia) | FCA (UK), ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), JFSA (Japan), FSA (Seychelles), DFSA (Dubai), FMA (New Zealand) |
Minimum Deposit | $5 | No minimum for Standard account; $500 for ThinkZero account |
Trading Platforms | MT5, Deriv X, Deriv Trader, Deriv GO, cTrader, DBot, SmartTrader | MT4, MT5, ThinkTrader |
Available Markets | Forex, Metals, Indices, Energy, Cryptocurrencies, Stocks, ETFs, Options | Forex, Metals, Indices, Energy, Cryptocurrencies, Stocks, Soft Commodities |
Number of Instruments | 100+ | 3,500+ |
Account Types | Standard, Swap-Free | Standard, ThinkZero, Islamic |
Spreads | Fixed spreads; Forex spreads from 0.1 pips | Variable spreads; Forex spreads from 0.0 pips on ThinkZero account |
Commission Charges | No commissions on Forex and Metals | No commission on Standard account; $3.5 per lot per side on ThinkZero account |
Leverage | Up to 1:1000 | Up to 1:500 |
Copy Trading | Supported via MQL5 Signals and cTrader Copy | Not specified |
Automated Trading | Supported on MT5 and cTrader platforms | Supported on MT4 and MT5 platforms |
Educational Resources | Limited educational materials | Market news, webinars, and educational resources available |
Customer Support | 24/7 live support | 24/6 live support; free VPS service (T&Cs apply) |
Islamic Accounts | Available | Available |
Demo Accounts | Available | Available |
Deposit & Withdrawal Methods | WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, Perfect Money, FasaPay, Cryptocurrencies (e.g., Bitcoin, Ethereum, Tether), paysafecard, AdvCash, AstroPay, USD Coin (USDC) | Credit/debit cards, Neteller, Skrill, Wire transfer, Crypto, FasaPay, Perfect Money, WebMoney |
Negative Balance Protection | Yes | Yes |
VPS Hosting | Not specified | Free VPS service available (T&Cs apply) |
Trading Tools | Trading Journal, Copy Trading via MQL5 and cTrader Copy | AutoChartist, Market News, Webinars |
Mobile Trading | Deriv GO mobile app available | ThinkTrader mobile app available |
Promotions & Bonuses | Not specified | Not specified |
Social Trading | Available via Binary Bot and DTrader | Supported via ZuluTrade integration |
Execution Speed | Fast execution with no dealing desk | Ultra-fast execution with Equinix NY4 data centers |
Order Types | Market, Limit, Stop, Trailing Stop, One-Click Trading | Market, Limit, Stop, Trailing Stop, One-Click Trading, OCO (One Cancels the Other) |
Security Measures | Two-factor authentication (2FA), SSL encryption, Segregated accounts | Two-factor authentication (2FA), SSL encryption, Segregated accounts, Investor Compensation Fund (ICF) for CySEC clients |
Charting Tools | Advanced charting with multiple timeframes, Technical indicators, Customizable layouts | Advanced charting with over 80 indicators, Multiple chart types, AutoChartist integration |
Trading Alerts | Price alerts and notifications on MT5 and Deriv GO | Price alerts and notifications on ThinkTrader |
Scalping and Hedging | Permitted | Permitted |
API Trading | Proprietary API for developers | FIX API available for institutional and professional traders |
Risk Management Tools | Guaranteed stop-loss orders (GSLO) not available | Guaranteed stop-loss orders (GSLO) available on select accounts |
Lot Size Flexibility | Micro lots (0.01 lot) available | Micro lots (0.01 lot) available |
Market Analysis Tools | Limited in-house analysis, MT5 market tools | In-depth market analysis, News feeds, Economic calendar |
Slippage Control | Minimal slippage during high volatility | Low slippage with advanced order execution |
CFDs Available | Forex, Commodities, Cryptos, Indices, Synthetic Indices | Forex, Commodities, Cryptos, Indices, Shares, ETFs |
Swap Fees | Variable, swap-free accounts available | Competitive swaps, swap-free accounts available |
Affiliate Program | Available with multi-tier commission structure | Available with competitive commission rates |
Partnership Programs | IB (Introducing Broker), Affiliate, and API partner programs | IB (Introducing Broker), White Label, and Affiliate programs |
Trading Contests | Occasional contests and promotions | Occasional trading contests with cash prizes |
Innovation in Trading | Binary options trading with advanced risk management | Access to exclusive trading tools like Trade Interceptor |
User Interface | User-friendly with customizable dashboards | Intuitive interface with ThinkTrader’s 200+ indicators |
Backtesting Capability | Available on MT5 via Strategy Tester | Available on MT4 and MT5 via Strategy Tester |
Supported Languages | 20+ languages including English, French, Spanish, Arabic, Chinese | 10+ languages including English, Spanish, Arabic, Chinese, Thai |
Community Support | Active community forums and resources | Active community with webinars and support |
Web-Based Trading | Available via Deriv WebTrader and SmartTrader | Available via WebTrader for MT4 and MT5 |
Algorithmic Trading | Supported via Dbot and API | Supported via Expert Advisors (EAs) on MT4 and MT5 |
Cloud-Based Solutions | Limited cloud-based functionalities | ThinkTrader offers cloud-based alerts and syncing |
Custom Indicators | Supported on MT5 | Supported on MT4 and MT5, with MQL Marketplace access |
Deposit Processing Time | Instant for e-wallets and crypto, 1-3 days for bank transfers | Instant for e-wallets and crypto, 1-3 days for bank transfers |
Withdrawal Processing Time | 1-3 business days for most methods | 24 hours for e-wallets, 3-5 business days for bank transfers |
Tax Optimization Tools | Basic tools for tracking profits | Advanced tax reporting and profit-tracking tools |
Spread Betting | Not available | Available for UK clients |
Tick Trading | Supported on SmartTrader | Not supported |
PAMM/MAM Accounts | Not available | MAM and PAMM accounts available for fund managers |
Integration with Third-Party Tools | Limited integration with external tools | Integrates with Myfxbook, AutoChartist, Trading Central |
Order Execution Policy | No dealing desk, direct execution | No dealing desk, ECN and STP execution models |
Funding Currencies | USD, EUR, GBP, BTC, ETH, and others | USD, EUR, GBP, AUD, JPY, and others |
Weekend Trading | Available for synthetic indices | Limited to cryptocurrencies |
Seasoned Trader Features | Options for complex strategies, volatility indices | Access to ECN accounts, lower latency, VIP services |
Account Customization | Limited customization options | Customizable account types and leverage settings |
Transaction Fees | No deposit fees, variable withdrawal fees | No deposit fees, low withdrawal fees for most methods |
Mobile App Features | Real-time charts, push notifications, risk management tools | Advanced charting, cloud sync, risk management, alerts |
Trade Types | Digital options, multipliers, CFDs | CFDs, Forex, Cryptos, Spread Betting |
Trading Competitions | Occasional internal contests | Frequent contests with cash rewards |
Client Fund Security | Segregated client funds, insurance protection | Segregated accounts, ICF protection for CySEC clients |
Historical Data Access | Available on MT5 | Available on MT4, MT5, and ThinkTrader with extensive data |
Trading Volume Requirements | No strict requirements | Volume-based rewards for high-frequency traders |
Financial Statements Access | Basic reporting tools | Detailed financial statements and P&L analysis |
Inactive Account Fees | Applicable after 12 months of inactivity | Applicable after 90 days of inactivity |
Broker Assisted Trading | Not available | Limited broker-assisted trading options |
Interest on Free Margin | Not provided | Not provided |
Corporate Accounts | Available upon request | Available with additional features |
IP Whitelisting for API | Supported for enhanced security | Supported for FIX API clients |
Migration Assistance | Basic support for platform migration | Comprehensive assistance for migrating to MT4 or MT5 |
Local Bank Transfers | Supported in select regions | Supported in multiple regions, including Asia-Pacific |
Deriv offers a versatile trading experience with low minimum deposits and multiple platforms, while ThinkMarkets provides a broad asset range, advanced tools, and professional-grade features. Both cater to different trading needs with distinct advantages.