| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| Deriv | $5 Minimum Deposit | MT5, cTrader, Deriv X, Deriv Trader, DBot, Smart Trader Trading Platforms | 100+ Markets To Trade | Deriv has a low minimum deposit and provides CFD margin trading on MT5, cTrader and its innovative Deriv X platform About |
| FXOpen | $1 Minimum Deposit | MT4, MT5, TradingView, TickTrader Trading Platforms | 600+ Markets To Trade | FXOpen offers trading, including automated trading, on MT4, MT5, TradingView and TickTrader About |
Deriv vs FXOpen Comparison
This is a comparison of Deriv vs FXOpen. Deriv was founded in 1999 and offers trading including margin trading on MT5, cTrader and Deriv X. FXOpen was founded in 2005 and focuses on styles such as automated trading and offers a Cent account with a low minimum deposit.
Automated traders can use either broker, but FXOpen is focused on this kind of trading (and also styles such as scalping), offering spreads from 0 plus commission and three automated trading platforms. Discretionary traders can also use either, however via the Deriv X platform, Deriv can be seen as having more of a match for this kind of trading, though FXOpen does also provide TickTrader as a web trader and offers the popular TradingView platform. Traders who want to trade on the weekend would match with Deriv, as it offers a range of CFD markets with 24/7 trading. Traders who want to trade with a small minimum deposit would match with either, however FXOpen has a Cent account with a $1 minimum deposit.
Quick comparison
Both offer MT5, while FXOpen additionally provides MT4. Deriv offers user friendly Deriv X, while FXOpen provides TickTrader. FXOpen has a Cent account, while Deriv provides 24/7 trading.
| Trading Style | Deriv Platforms | Description |
|---|---|---|
| Automated Trading Trading Style | MT5, cTrader Deriv Platforms | Deriv offers MT5 which is the current MetaTrader flagship and allows automated trading with EA robots, and provides an STP account for trading styles such as Forex automated trading and additionally provides cTrader, with cBots robots Description |
| Discretionary Trading Trading Style | MT5, cTrader, Deriv X Deriv Platforms | MT5, cTrader and Deriv X can be used by traders who plan and execute their own trades, however Deriv X is specifically designed for this kind of trading and has a range of user friendly innovative features Description |
| 24/7 Trading Trading Type | MT5, cTrader, Deriv X Deriv Platforms | Weekend trading is available at Deriv on MT5, cTrader and Deriv X (depending on the trader's region) Description |
| Forex Trading Trading Type | MT5, cTrader, Deriv X Deriv Platforms | Traders can trade Forex on MT5, cTrader and Deriv X, with MT5 and cTrader providing a wide range of features aimed at Forex traders Description |
| Trading Style | FXOpen Platforms | Description |
|---|---|---|
| Automated Trading Trading Style | MT5, MT5, TradingView, TickTrader FXOpen Platforms | FXOpen focuses its offering on features for automated traders, with low latency, high speed order transmission, VPS services and ECN accounts Description |
| Discretionary Trading Trading Style | MT4, MT5, TradingView, TickTrader FXOpen Platforms | Whilst focusing on styles such as automated trading, FXOpen supports other styles, and provides a web trader for those who execute their own trades (TickTrader desktop supports automated trading) Description |
| Forex Trading Trading Type | MT4, MT5, TradingView, TickTrader FXOpen Platforms | FXOpen allows the wide range of styles used by Forex traders, via its platform, features, accounts and infrastructure Description |
Minimum deposit and account types
The minimum deposit for Deriv is $5. The minimum deposit for FXOpen is $1.
- FXOpen offers ECN, STP, Micro and Crypto account types. The minimum deposit is $1 for the Micro account, $10 for the STP and Crypto accounts and $100 for the ECN account. The ECN account charges commissions on its markets, the STP does not charge commissions. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). FXOpen supports social and copy trading via ZuluTrade and Myfxbook. The minimum trade size is 0.0001 lots on the Micro account. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website. Features and specifications can vary depending on the trader's region.
- Deriv offers a range of platforms and account types packaged into one platform. On its user friendly platform Deriv X it offers features such as a Trading Journal. Copy trading is supported via MQL5 Signals and cTrader Copy. While this page focuses on leveraged CFD trading, Deriv does provide other types of trading, including multipliers. Some products may not be available in some countries.
Markets
- FXOpen offers Forex, Indices, Energy, Metals, Stocks and Cryptocurrencies, with 600+ available.
- Deriv offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies, ETFs and Options, with 100+ available.
| Broker | Trading Platforms | Description |
|---|---|---|
| Deriv Broker | MT5, cTrader, Deriv X Trading Platforms | Deriv offers CFD margin trading on MT5, cTrader and user friendly Deriv X, has a low minimum deposit and offers 24/7 trading Description |
| FXOpen Broker | MT4, MT5, TradingView, TickTrader Trading Platforms | FXOpen provides automated trading on MT4, MT5 and TradingView, offers user friendly TickTrader and has a Cent account with a $1 minimum deposit Description |
Leverage
Maximum leverage for FXOpen is 500:1. Maximum leverage for Deriv is 1000:1.
Commissions
- Deriv does not charge commissions for Forex, Stocks, Indices or Metals.
- For Forex, FXOpen charges a commission, which depends on volume traded, from $1.5 - $5 per standard lot per side. Other instruments have differing commission charges.
Online trading platforms
Deriv offer MT5, cTrader and Deriv X, for margin trading CFDs. FXOpen offers MT4, MT5, TradingView and TickTrader.
Payment methods
Both brokers support Bank Transfer, Credit/Debit Cards, Skrill and Neteller. Deriv additionally supports WebMoney and Trustly. FXOpen additionally supports Paypaid, Epay, Airtm, WebMoney, FasaPay, cashU and Advcash.
Why Deriv or FXOpen ?
Traders who want to trade on MT5 can do so at either. Traders who want to trade on MT4 can do this at both. Traders who want to trade on an innovative platform can find Deriv X at Deriv. Those who want to trade on cTrader can do so at Deriv. Those who want to trade on TradingView can do this at FXOpen. Traders who want to trade on a user friendly web trader can find TickTrader at FXOpen (TickTrader desktop terminal has full support for automated traders). Traders who want to trade with a low minimum deposit can do so at either. Traders who want to trade 24/7 may do so at Deriv.
Comparison summary
- Both offer CFD trading
- Both provide MT5
- FXOpen additionally offers MT4
- Deriv provides the Deriv X platform
- FXOpen offers the TickTrader platform
- Deriv offers cTrader
- FXOpen provides TradingView
- Both allow automated trading and copy trading
- FXOpen has a Cent account
- Deriv offers 24/7 trading
