| Online Broker | Minimum Deposit | Trading Platforms | Markets | |
|---|---|---|---|---|
| Deriv | $5 Minimum Deposit | Deriv X, DTrader, Deriv GO, MT5, DBot, SmartTrader Trading Platforms | 100+ Markets To Trade | Deriv offers MT5 and user friendly Deriv X for margin trading and other types of markets on its other platforms, including with Multipliers About |
| Olymp Trade | $10 Minimum Deposit | Web Trader & Apps Trading Platforms | 80+ Markets To Trade | Olymp Trade offers trading on a Web Trader including trading with Multipliers About |
Olymp Trade vs Deriv Comparison
Olymp Trade offers a trading platform for fixed time formatted trades as well as trading with Multipliers. Deriv is a suite of trading platform, with a range of ways to trade including 24/7 trading of simulated markets, fixed time formatted trades, Multipliers and leveraged trading. Deriv provides Deriv X and MT5 for margin trading CFDs.
Deriv does provide DBot, which is a drag and drop robot building platform, but this is for fixed time trades for example on simulated markets. Both offer a similar number of markets to trade. Deriv can offer higher leverage depending on the location of the trader (1000:1 vs 500:1), but increasing leverage increases risk.
Both brokers offer Mutlipliers. Multipliers and leveraged trading are similar, but with Multipliers loss is limited to the traded sum. Olymp Trade offers Multipliers on DTrader and Deriv GO. Olymp Trade provides Multipliers on its platform.
Each broker has a low minimum deposit (Deriv's is lower) and a low minimum trade size (Deriv's is lower for simulated markets). A difference between the two is that Deriv offers simulated markets (across all its platforms). Deriv can provide 24/7 trading of simulated markets and Cryptos, while Olymp Trade offers 24/7 trading of Cryptos. Another significant difference is that Olymp Trade does not allow automated trading on its platform, while Deriv offers automated trading on MT5 and provides DBot, for building and running fixed time trades robots.
Quick comparison
Both provide fixed time trades on web traders and apps. Deriv is a suite of platforms which also includes margin trading on MT5 and Deriv X. Both offer Multipliers.
Minimum deposit and key account features
The minimum deposit for Deriv is $5. The minimum deposit for Olymp Trade is $10.
- Deriv offers a range of platforms and account types packaged into one platform. For margin trading, 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. It also offers fixed time trades on its other platforms. Some products may not be available in some countries.
- Olymp Trade offers three trader levels. These are Starter, Advanced and Expert. Each level confers improved features. Starter is for deposits up to $499. Advanced is for deposits between $500 and $1999. Expert is for deposits over $2000. Olymp Trade is not available in some countries and regions.
Markets to trade
- Deriv offers Forex, Metals, Indices, Energy, Stocks, Cryptocurrencies, Options and ETFs, with 100+ available.
- Olymp Trade offers Forex, Metals, Indices, Energy, Stocks, Cryptocurrencies, Options and ETFs, with 80+ available.
| Online Broker | Minimum Deposit | Deriv vs Olymp Trade |
|---|---|---|
| Deriv | $5 Minimum Deposit | Deriv is a suite of platform which provide ways to trade markets, including 24/7 trading of simulated markets. Deriv also offers margin trading on MT5. For fixed time trades, Deriv has a fastest trade time of 1 second and a minimum order size of $0.35. Deriv vs Olymp Trade |
| $10 Minimum Deposit | Olymp Trade offers fixed time trades and Multipliers on its web trader and apps. Olymp Trade has a minimum order size of $1 for fixed time trades and a fastest trade of 1 minute. Deriv vs Olymp Trade |
Cryptocurrency CFDs
- Deriv offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, EOS and Emercoin CFDs.
- Olymp Trade offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, Bitcoin Gold, Monero, Zcash and Ethereum Classic CFDs.
Leverage
Maximum leverage for Deriv (MFSA regulated) is . Maximum leverage for Deriv (VFSC, BVIFSC, LFSA regulated) is 1000:1. Maximum leverage for Olymp Trade is 500:1.
Online trading platforms
Deriv offers Deriv X, DTrader, Deriv GO, DMT5, SmartTrader and DBot. Olymp Trade provides a Web Trader and apps.
Why Deriv or Olymp Trade ?
Traders who want to trade with leverage up to 1000:1 on MT5 and Deriv X, may do so at Deriv. Traders who want to trade using Multipliers on a range of markets including Forex can do this at either. Traders who want to trade with fixed time trades can do this at both. Traders who want to trade with a low minimum deposit and order size can do so at either. Traders who want a wide range of platform, can find this at Deriv. Traders who want to trade simulated markets 24/7 can do so at Deriv. Traders who want to use robots, may do this at Deriv.
Comparison summary
- Both offer CFD trading on margin
- Deriv additionally offers CFDs on simulated markets
- Deriv provides MT5 and automated trading
- Both have a low minimum deposit, Deriv's is lower
- Deriv supports robots based on fixed time trades
- For fixed time trades, Deriv has a faster trade time (1s)
