| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| Deriv | $5 Minimum Deposit | Deriv X, DTrader, MT5, cTrader, DBot, SmartTrader Trading Platforms | 100+ Markets To Trade | Deriv has a wide range of types of markets to trade and provides MT5 and cTrader About |
| IQ Option | $10 Minimum Deposit | Web Trader, Downloaded Platform, Apps Trading Platforms | 300+ Markets To Trade | IQ Option offers CFD trading on its user friendly platform with a $1 minimum order size About |
Deriv vs IQ Option Comparison
IQ Option provides a user friendly platform which combines the range of markets and ways to trade offered by this broker. Deriv is a suite of trading platforms which have different kinds of markets and ways to trade.
Deriv includes a robot building platform (DBot), a user friendly web trader (Deriv Trader), MT5, cTrader and Deriv X. MT5 is the MetaTrader 5 (MT5) platform available as a web trader, however traders can also download desktop MT5 and mobile MT5. Deriv X is a user friendly platform. cTrader integrates a range of features including automated and copy trading into a user friendly interface.
MT5, cTrader and Deriv X support CFD trading on real and simulated markets. IQ Option's platform supports CFD trading based on real markets. For both these brokers, their offering can change depending on the trader's region.
A notable difference is that Deriv provides a wide range of simulated markets (Synthetic Indices) to trade on all its platforms.
IQ Option has more markets to trade, with 300+ vs 100+. However Deriv provides simulated markets which can be traded 24/7.
Quick comparison
Both offer web traders. Deriv additionally provides MT5, cTrader, Deriv X, DBot, SmartTrader and Deriv Trader, supporting 24/7 trading and automated trading.
Minimum deposit and key account features
The minimum deposit for Deriv is $5. The minimum deposit for IQ Option is $10.
- 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.
- IQ Option has Market Analysis, News, a Forex Calendar, an Earnings Calendar and a Crypto Calendar on its trading platform. The minimum order size is $1.
Markets
- Deriv offers Forex, Metals, Indices, Energy, Cryptocurrencies, Stocks, ETFs and Options, with 100+ available.
- IQ Option offers Forex, Metals, Indices, Energy, Cryptocurrencies, Stocks, ETFs, Options and Soft Commodities, with 300+ available.
| Online Broker | Minimum Deposit | Deriv vs IQ Option |
|---|---|---|
| Deriv | $5 Minimum Deposit | The Deriv platform offers an intuitive suite of different types of trading platforms, including MT5, cTrader and user friendly Deriv X. Deriv vs IQ Option |
| IQ Option | $10 Minimum Deposit | IQ Option offers its range of markets on a user friendly platform. Deriv vs IQ Option |
Cryptocurrency CFDs
- Deriv offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, EOS, Monero, Zcash, OmiseGO, TRON, Stellar, NEO, IOTA and Binance Coin CFDs.
- IQ Option offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, EOS, Monero, Zcash, OmiseGo, TRON, Stellar, Dash, Ethereum Classic and QTUM CFDs.
Leverage
Maximum leverage for Deriv (MFSA regulated) is . Maximum leverage for Deriv (VFSC, BVIFSC, LFSA regulated) is 1000:1.
Online trading platforms
Deriv offers Deriv X, DTrader, MT5, cTrader, Deriv GO, SmartTrader and DBot. IQ Option provides its Web Trader and apps.
Why Deriv or IQ Option ?
Traders who want to trade on a user friendly web trader can find one at either broker. Those who want a platform which includes DBot for robots, MT5 and Deriv X for CFDs and SmartTrader can find this on Deriv. Traders who want a wider range of markets to trade and a greater number can do so at IQ Option. Those who wish to trade simulated markets 24/7 may do this on Deriv. Traders who want to trade with low minimum trade size and low minimum deposits can do so at either, however Deriv has no minimum deposit to transfer fund to its MT5 and Deriv X accounts.
Comparison summary
- Both provide CFD trading
- Each offers CFDs based on real markets
- Deriv offers 24/7 trading of simulated markets
- IQ Option has a wider range of markets to trade
- Deriv supports automated trading with robots
- IQ Option provides margin trading on its user friendly platform
- Deriv offers margin trading on MT5, cTrader and Deriv X
