Deriv vs IronFX Comparison Table
| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| Deriv | $5 Minimum Deposit | MT5, Deriv X Trading Platforms | 100+ Markets To Trade | Deriv provides trading on MT5 and user friendly Deriv X and offers 24/7 trading on both platforms About |
| IronFX | $50 Minimum Deposit | MT4 Trading Platform | 200+ Markets To Trade | IronFX offers MT4, a Cent account and both fixed and variable spreads About |
Deriv vs IronFX Comparison
This is a comparison of Deriv vs IronFX. Deriv offers MT5 while IronFX provides MT4. Each allows automated trading with EA robots. Both provide copy trading. Deriv offers 24/7 trading of both Crypto CFDs and Synthetic Indices.
Both offer a match for traders who want to use robots, as Deriv provides MT5 and IronFX offers MT4. Traders who plan their own trades can use either, however Deriv has a user friendly platform (Deriv X) with features for such traders. Traders who want to trade markets 24/7 can do this at Deriv.
Quick comparison
Deriv offers MT5, while IronFX provides MT4. Deriv also provides its user friendly Deriv X platform and has 24/7 trading.
Deriv Margin Trading Features Summary
| Trading Style | Deriv Platforms | Description |
|---|---|---|
| Automated Trading Trading Style | MT5 Deriv Platforms | Deriv offers MT5 which as the capacity to run online trading robots, which will execute trading strategies. Traders can download EAs or build them in MQL5 Description |
| Discretionary Trading Trading Style | Deriv X, MT5 Deriv Platforms | Both MT5 and Deriv X have a range of tools for traders who plan and execute their own trades, however Deriv X is designed for such traders and has features such as a Trading Journal Description |
| 24/7 Trading Trading Type | MT5, Deriv X Deriv Platforms | Traders can trade Crypto CFDs and Synthetic Indices 24/7 at Deriv, on both Deriv X and MT5 Description |
IronFX Trading Features Summary
| Trading Style | IronFX Platform | Description |
|---|---|---|
| Automated Trading Trading Style | MT4 IronFX Platform | MT4 allows automated trading with EAs, however it used a different language than MT5 (MQL4) for traders who want to build their own robots Description |
| Discretionary Trading Trading Style | MT4 IronFX Platform | MT4 supports traders who plan and execute their own trades, with a wide range of tools, including the capacity to build technical indicators Description |
| Forex Trading Trading Type | MT4 IronFX Platform | IronFX offers a wide range of account types for Forex traders, including fixed and variable spreads Description |
Minimum deposit and account types
The minimum deposit for Deriv is $5. The minimum deposit for IronFX is $50.
- IronFX offers a range of account types and services. These include a Standard account which has a minimum deposit of $50, a Premium account with a minimum deposit of $2,500 and a VIP account with a minimum deposit of $20,000. These three account types are available with fixed or variable spreads and the spreads can be tighter on higher account types. There is additionally a Cent account, which offers small trade sizes and has a minimum deposit of $50. Social and copy trading is provided via Myfxbook AutoTrade and TradeCopier. The minimum trade size is 0.01 lots except for the Premium and VIP accounts where it is 0.1 lots and the Cent account where it is 0.0001 lots.
- IronFX also offers a Zero Fixed Spread account. This provides zero spreads for some markets, with commissions charged. As well, IronFX offers STP/ECN accounts with or without commissions. It also has an STP/ECN Absolute Zero account, with spreads from zero, with no commission charge. For the Zero Fixed Spread account and the STP/ECN accounts, the minimum deposit is $500. The minimum deposit for the Absolute Zero account is upon request to the account manager.
- All IronFX accounts offer a Dedicated Account Manager, Technical Analysis Reports, Investor Education Tools and Private One-on-One Trading Guidance. The Premium, VIP, STP/ECN No Commission and STP/ECN Zero Spread accounts also offer a Dealing Department Transaction Hotline.
- Deriv offers a range of platforms and account types packaged into one platform. It includes on DMT5 (the MT5 account) a Financial, a Financial STP and a Synthetic account. On its user friendly platform Deriv X, it offers a Financial and a Synthetic account, a well as features such as a Trading Journal. Copy trading is supported via MQL5 Signals. Some products may not be available in some countries.
Markets
- Deriv offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies, ETFs and Options, with 100+ available.
- IronFX offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies and ETFs, with 200+ available.
IronFX vs Deriv Summary Table
| Broker | Trading Platforms | Description |
|---|---|---|
| Deriv Broker | MT5, Deriv X Trading Platforms | Deriv provides margin trading of CFDs on MT5 and user friendly Deriv, with a low minimum deposit Description |
| IronFX Broker | MT4 Trading Platform | IronFX provides trading on MT4, incuding fixed and variable spreads accounts and a Cent account Description |
Cryptocurrency CFDs
- Deriv offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Iota, EOS, Stellar, Tron, OmiseGO, Monero, Zcash, NEO and Binance Coin CFDs.
- IronFX offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Iota, EOS, Stellar, Tron, OmiseGO, Cardano, Dogecoin, Polkadot, Uniswap, Ethereum Classic, Solana, Internet Computer Protocol and IOST CFDs.
Leverage
Maximum leverage for IronFX Bermuda is 1000:1. Maximum leverage for Deriv is 1000:1.
Commissions
- Deriv does not charge commissions for Forex, Stocks, Indices or Metals.
- IronFX has a commission charge from $6.75 per lot per side.
Online trading platforms
Deriv offer MT5 and Deriv X, for margin trading CFDs. IronFX offers MT4.
Why Deriv or IronFX ?
Traders who want to trade on MT4 can do this at IronFX. Traders who want to trade on MT5, can do so at Deriv. Traders who want to trade using EA robots may do so at either. Traders who want to trade markets 24/7 (i.e. at weekends) can do this at Deriv.
Comparison summary
- Both offer CFD trading
- IronFX provides MT4
- Deriv offers MT5
- Deriv provides 24/7 trading
- Both have copy trading and allow automated trading
- Deriv has a $5 minimum deposit
