| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| Deriv | $5 Minimum Deposit | Deriv X, Deriv Trader, MT5, cTrader, Deriv GO, DBot, SmartTrader Trading Platforms | 100+ Markets To Trade | Deriv offers leveraged CFD trading on Deriv X, cTrader and MT5, including an STP trading account on MT5 About |
| IC Markets | $200 Minimum Deposit | MT4, MT5, cTrader, TradingView Trading Platforms | 2500+ Markets To Trade | IC Markets offers support for a wide range of trading including scalping and high volume trading About |
IC Markets vs Deriv Comparison
IC Markets is a broker offering MetaTrader 4 (MT4) and its successor MetaTrader 5 (MT5) along with cTrader and TradingView. Deriv offers a wide range of trading platforms which includes MT5, cTrader and user friendly Deriv X.
Like IC Markets, Deriv provides an STP account, which does not charge commissions on MT5, however IC Markets additionally provides its Raw Spread account which can offer low spreads plus a commission charge.
IC Markets can offer more markets to trade MT5 vs MT5 than Deriv MT5, however Deriv does offer 24/7 trading of simulated markets (Synthetic Indices). Both brokers provide 24/7 trading of Crypto CFDs. Deriv offers a range of ways to trade CFD markets, while IC Markets is for CFD margin trading (on MT5, cTrader and Deriv X, Deriv does offer CFD margin trading).
Quick comparison
IC Markets is an MT4, MT5, cTrader and TradingView broker, while Deriv provides a range of platforms including MT5 and cTrader.
Minimum deposit and key account features
The minimum deposit for Deriv is $5. The minimum deposit for IC Markets is $200.
- 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.
- IC Markets offers the Standard, Raw Spread, Islamic (Swap Free) and cTrader Raw accounts. IC Markets provides market analysis, Web TV (market commentary and trade ideas in a video), educational articles and video tutorials and an economic calendar on its website. IC Markets provides IC Social, ZuluTrade and Myfxbook for social and copy trading. IC Markets uses Equinix NY4 and London LD5 Servers to deliver low latency trading conditions and has micro (0.01) lot trading.
- IC Markets's Standard account does not charge a commission, but the Raw Spread and cTrader Raw accounts charge a commission. Scalping, hedging and automated trading are allowed.
Markets
- Deriv offers Forex, Metals, Indices, Energy, Cryptocurrencies, Stocks, ETFs and Options, with 100+ available.
- IC Markets offers Forex, Metals, Indices, Energy, Cryptocurrencies, Stocks, ETFs, Soft Commodities, Futures and Bonds, with 2500+ available.
| Online Broker | Minimum Deposit | Deriv vs IC Markets |
|---|---|---|
| Deriv | $5 Minimum Deposit | Deriv offers the trader a suite of platform to match a range of ways to trade CFD markets, including 24/7 trading of simulated markets and copy trading on MT5 and cTrader Deriv vs IC Markets |
| IC Markets | $200 Minimum Deposit | IC Markets is an broker focusing on high speed order execution and supporting styles such as robots and social and copy trading Deriv vs IC Markets |
Leverage
Maximum leverage for Deriv (MFSA regulated) is . Maximum leverage for Deriv (VFSC, BVIFSC, LFSA regulated) is 1000:1. Maximum leverage for IC Markets (FSA regulated) is 500:1.
Commissions
- Deriv does not charge commissions for Forex or Metals.
- IC Markets charges a commission of $3.50 per lot per side for the Raw Spread account and the cTrader account charges a commission of $3 per 100,000 USD traded per side. Commissions are charged only for Forex and Metals.
Online trading platforms
Deriv offers Deriv X, Deriv Trader, cTrader, Deriv GO, MT5, SmartTrader and DBot. IC Markets provides MT4, MT5, cTrader and TradingView.
Why Deriv or IC Markets ?
Traders who want to trade on MT4 and MT5 in a no dealing desk trading environment may wish to consider IC Markets. Those who want to trade a suite of platforms with different formats and ways to trade CFDs, including margin trading on MT5, cTrader and user friendly Deriv X, may wish to consider Deriv.
TL;DR summary
Deriv provides a wide range of different platforms, covering different types of trading including leveraged trading, multipliers and Synthetic markets. IC Markets focuses on leveraged CFD markets with platforms for automated trading, scalping and high frequency trading.
Comparison summary
- Both provide CFD trading
- Deriv additionally offers 24/7 trading on simulated markets
- Both provide MT5 and cTrader
- IC Markets additionally offers MT4 and TradingView
- Each provides STP trading
- Deriv has no minimum deposit for MT5
