eToro vs Deriv Comparison & Reviews

FeatureeToroDeriv
Platform TypeMulti-asset trading platform, Social trading platformDerivatives trading platform, Proprietary trading tools
Assets OfferedStocks, ETFs, Forex, Cryptocurrencies, Commodities, IndicesForex, Commodities, Synthetic indices, Options, CFDs
Social TradingYes, CopyTrading feature to replicate expert strategiesNo
RegulationRegulated by FCA (UK), ASIC (Australia), CySEC (Cyprus), FinCEN (US)Regulated by MFSA (Malta), VFSC (Vanuatu), Labuan FSA (Malaysia)
Minimum Deposit$50 - $200 (varies by region)$5
LeverageUp to 1:30 for retail traders (higher for professionals in certain regions)Up to 1:1000
Fees and CommissionsNo commission on stocks and ETFs, spreads, overnight feesNo commission, spreads, swap fees
Deposit MethodsBank transfer, Credit/Debit cards, PayPal, Skrill, Neteller, Crypto walletsBank transfer, Credit/Debit cards, Skrill, Neteller, Crypto wallets
Withdrawal MethodsSame as deposit methods, Processing time: 1-8 business daysSame as deposit methods, Processing time: 1-2 business days
Trading PlatformsWeb-based platform, Mobile appProprietary WebTrader, MT5, Binary Bot
Mobile AppYes, Comprehensive features, User-friendlyYes, Simplistic, Focused on core features
Account TypesRetail, Professional, IslamicStandard, DMT5, Deriv X, Synthetic account
Education and ResourcesTutorials, Webinars, Market news, BlogsTutorials, Webinars, Blog, Trading guides
Demo AccountYes, Unlimited virtual fundsYes, Unlimited virtual funds
Customer Support24/5 live chat, Email, Ticket-based system24/7 live chat, Email, Ticket-based system
Available LanguagesMultilingual support for 20+ languagesMultilingual support for 15+ languages
Charting and Analysis ToolsAdvanced tools, News feed integration, Proprietary analysis toolsBasic charting, Integrated MT5 analysis
Security Features2FA, Segregated accounts, SSL encryption2FA, Segregated accounts, SSL encryption
Unique FeaturesSocial trading, Commission-free stock tradingSynthetic indices trading, Proprietary trading tools
Best ForBeginner to advanced traders, Investors seeking social tradingExperienced traders, Traders seeking high leverage and synthetic markets
Geographical Availability140+ countries, Not available in the USAvailable in most regions, including restricted countries
Trade Execution SpeedFast execution, suitable for social and retail tradingUltra-fast execution, optimized for high-frequency and derivatives trading
Risk Management ToolsStop Loss, Take Profit, Trailing StopStop Loss, Take Profit, Multiplier settings for risk control
Market Orders AvailableMarket, Limit, Stop-loss, Take-profit ordersMarket, Limit, Stop-loss orders
Algorithmic TradingNot supported on the native platform, APIs available for developersFully supported with Binary Bot, MT5, and custom scripting options
Synthetic MarketsNot availableYes, offers synthetic indices that simulate real-world market conditions
Copy Trading CostFree to copy, but traders may charge additional feesNot available
SpreadsVariable spreads, typically tighter for major Forex pairsVariable spreads, usually higher for synthetic indices
Margin RequirementsFixed per asset, varies based on account typeFlexible margin, higher leverage on specific accounts
Transaction FeesNo deposit fees, Withdrawal fees depend on methodNo deposit or withdrawal fees for most methods
Asset Availability on WeekendsLimited (crypto markets are open)Synthetic indices are available 24/7
Custom IndicatorsNot supported on the native platformFully supported on MT5, Limited on proprietary platforms
Partnership ProgramsAffiliate programs, Popular Investor programAffiliate program, Introducing Broker (IB) options
API AccesseToro API available for developersAPI access available for advanced trading customization
Trading CommunityIntegrated social network with feeds, interaction between usersNo integrated social features, Community interaction limited to forums
Account VerificationID verification required, Proof of address mandatoryID verification required, Proof of address optional in some regions
Scalping and HedgingAllowed, but with restrictions for retail clientsFully supported
Swap-Free AccountsAvailable for Islamic accountsAvailable for Islamic accounts
Trading IncentivesOccasional promotions, Deposit bonuses not commonPromotions and deposit bonuses offered in specific regions
Automated WithdrawalsNot available, Manual processingAvailable for some methods, Faster automated processing
Customizability of InterfaceLimited customization options, Focused on simplicityHighly customizable in MT5, Limited on proprietary platform
Learning CurveBeginner-friendly, Visual aids for understanding tradingSteeper learning curve, Particularly for advanced tools like MT5 and Binary Bot
Deposit Processing TimeInstant for most methodsInstant for most methods
Withdrawal LimitsNo fixed limits, but subject to account verificationNo fixed limits, but subject to account verification
Regulatory TransparencyProvides clear regulatory documentationDetailed regulatory disclosure available
Cryptocurrency WalleteToro Money Wallet, Secure for transferring and holding crypto assetsNo native wallet, Transfers require external wallets
Synthetic Index VolatilityNot availableUnique offering, Tracks market-like volatility levels
Web-based Platform FeaturesIntegrated portfolio management, Community engagement toolsSimple interface, Focused on fast execution and basic charting
Desktop Platform AvailabilityNot available, Primarily web and mobile-basedAvailable via MT5 and custom desktop apps
Advanced Order TypesGood Till Cancelled (GTC), Immediate or Cancel (IOC)Good Till Cancelled (GTC), Fill or Kill (FOK)
Mobile Trading FeaturesFull access to trading, CopyTrading, Deposit/Withdraw functionalitiesLimited charting tools, Trade execution and account management
Market CoverageReal-world markets onlyReal-world and synthetic markets
Trader CompetitionsRare, Limited promotional campaignsRegular contests, Especially for synthetic indices and MT5 users
Technical SupportAvailable during market hours, Multi-channel supportAvailable 24/7, Multi-channel support
Platform UpdatesRegular updates for new features and asset additionsRegular updates, Focused on enhancing synthetic trading tools
Local Payment MethodsSupports localized payment methods in multiple regionsExtensive support for regional payment methods
Options TradingNot availableAvailable with customizable payout ratios
Binary OptionsNot supportedFully supported
Historical Data AccessLimited to recent activity on the platformComprehensive historical data, Especially on MT5
Spread ComparisonTight spreads on stocks and ETFs, Wider on niche assetsVariable spreads, May widen significantly during volatility
Risk of SlippageMinimal, Well-managed for most assetsModerate, Particularly on synthetic indices
Virtual Reality IntegrationNot availableNot available
Custom AlertsPrice and market alerts supported via mobile appBasic alerts available, Advanced alerts on MT5
Regulatory RestrictionsRestricted in the USA, Some assets unavailable in certain countriesLimited restrictions, Available in more regions
Target User BaseInvestors seeking diversification and long-term growthTraders looking for high-leverage, short-term and derivatives-focused instruments
Cultural InclusivityFocused on global investors, Strong focus on US and EU marketsInclusive of traders from emerging markets, Strong appeal in Asia and Africa
Interest on Idle FundsNo interest offeredNo interest offered
Fee TransparencyDetailed fee structure available on the websiteClear fee breakdown for spreads, swaps, and synthetic markets
Data SecurityHigh-level encryption, GDPR-compliantHigh-level encryption, GDPR and similar compliance
Innovation in TradingCopyTrading, Fractional shares, Social tradingSynthetic indices, Binary options, Multiplier trading
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eToro excels in social trading and diverse asset offerings, while Deriv specializes in high-leverage derivatives and synthetic indices, catering to advanced traders.