| Online Broker | Minimum Deposit | Trading Platforms | Markets | |
|---|---|---|---|---|
| Deriv | $5 Minimum Deposit | Derix X, DTrader, MT5, cTrader, DBot, SmartTrader, Deriv GO, Deriv EZ Trading Platforms | 100+ Markets To Trade | Deriv offers a low minimum deposit and small trade sizes for CFD trading on MT5 and offers user friendly Deriv X and cTrader About |
| XM | $5 Minimum Deposit | MT4, MT5 Trading Platforms | 1000+ Markets To Trade | XMN provides CFD trading on MT5 and MT5 and a Micro (cent) type account with a low minimum deposit and trade sizes About |
Deriv vs XM Comparison
Deriv offers a wide range of trading platforms for different types of traders. In addition to the popular MT5 platform, Deriv provides access to the user-friendly Deriv X, cTrader, Deriv GO, and Deriv EZ platforms. This broad selection provides traders with a variety of choices for executing their strategies.
XM offers the powerful and customisable MT5 platform, alongside the long established MT4 (MT5's predecessor). Both brokers allow traders to develop and use Expert Advisors (EAs), also known as trading robots, on the MT5 platform. XM additionally provides EA trading on MT4, providing access to this well known platform.
Deriv specializes in 24/7 trading across various markets, including Cryptocurrency CFDs and simulated (synthetic) markets. On selected markets Deriv can offer small trade size, making it a potential choice for those looking to start with reduced risk. On the other hand, XM specifically offers a cent account with trade sizes down to 0.0001 lots.
While both brokers offer the popular MT5 platform, XM provides an extensive offering of markets, with over 1000 available on MT5, compared to Deriv's 100+. This range of market choices makes XM a potential choice for those who want a wide range of markets to trade.
Deriv caters to traders who prefer a focused approach, offering in-depth trading opportunities across a core group of markets. In contrast, XM could appeal to traders who wish to use both MT4 and MT5 for trading, along with access to a wide range of markets, including Stocks.
Quick Comparison
Both Deriv and XM offer the powerful MT5 platform. However, XM also provides the widely used MT4 platform. Deriv, on the other hand, offers a range of platforms and access to 24/7 trading.
Minimum Deposit and Key Account Features
Deriv has a minimum deposit requirement of just $5, making it accessible to a wide range of traders. XM matches this with its own $5 minimum deposit.
- Deriv offers a range of platforms and account types packaged into one platform. MT5 has 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 and 'Copy' on cTrader. Some products may not be available in some countries.
- XM offers different account types depending on the region, but the core offering is a Micro account and a Standard account, each with a minimum deposit of $5. Other account types may be available.
- XM offers an economic calendar, a personal account manager, video tutorials, daily technical analysis, Forex market research and daily Forex signals, trading tools, market outlook and webinars. XM allows EAs, hedging and scalping.
Markets
- Deriv offers Forex, Metals, Indices, Energy, Cryptocurrencies, Stocks, ETFs and Options, with 100+ available.
- XM offers Forex, Indices, Metals, Energy, Cryptocurrencies, Stocks and Soft Commodities, with 1000+ available on MT5.
| Online Broker | Minimum Deposit | Deriv vs XM |
|---|---|---|
| Deriv | $5 Minimum Deposit | Deriv offers a range of platforms supporting different kinds of trading, including margin trading on user friendly Deriv X, cTrader, Deriv EZ and MT5 and 24/7 trading of simulated markets. Deriv vs XM |
| XM | $5 Minimum Deposit | XM offers a range of account types around MT4 and MT5, including a cent account which has very low minimum trade sizes. Deriv vs XM |
Leverage
Maximum leverage for Deriv (MFSA regulated) is . Maximum leverage for Deriv (VFSC, BVIFSC, LFSA regulated) is 1000:1. Maximum leverage for XM (CySEC regulated) is .
Online trading platforms
Deriv offers Deriv X, Deriv Trader, cTrader, MT5, SmartTrader and DBot. XM provides MT4 and MT5.
Why Deriv or XM ?
Traders who want desktop MT4 and MT5 with its range of features including automated trading with Expert Advisors (EAs) can try XM. Traders who want to access a range of platforms from one platform package can try Deriv, which includes user friendly Deriv X, cTrader, Deriv GO and EZ and MT5 along with 24/7 trading of simulated markets. Those who want to trade 1000+ markets can do so at XM on MT5. Traders who wish to copy trade can do this at Deriv on MT5 and cTrader.
Comparison summary
- Both offer CFD trading
- Deriv additionally provides CFDs on simulated markets
- Both offer MT5
- XM additionally provides MT4
- Deriv also offers cTrader, Deriv X, Deriv GO and Deriv EZ
- XM offers more markets to trade
- Deriv provides 24/7 trading of Synthetic Indices
- XM offers a cent account with very low trade sizes
- Deriv provides copy trading on cTrader and MT5
- Both have a low minimium deposit - XM offers more markets - Deriv has 24/7 trading of Synthetic Indices
