Deriv.com vs IC Markets

Deriv vs IC Markets Comparison Table 2024
Deriv	IC Markets
Review 4.6	Review 4.8
Traders from US not accepted See available binary options brokers	Traders from US not accepted See available CFD brokers
Established in 1999, Deriv is an innovative broker now serving over 2.5 million global clients. The firm offers CFDs, multipliers and more recently accumulators, alongside its proprietary derived products which can't be found elsewhere, providing flexible short-term trading opportunities.	IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.
Customer Reviews
4.3 Based on 3 Deriv customer reviews	4 Based on 2 IC Markets customer reviews
Comment by Reviewer
"Deriv is ideal for active traders seeking alternative and unique ways to speculate on global financial markets, from multipliers and accumulator options to its bespoke synthetic indices, which mimic real market movements and are available 24/7, allowing for continuous trading opportunities regardless of market hours."	"IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders."
Pros
Deriv stands out with its innovative products, from multipliers and derived indices to its addition of accumulator options, providing exclusive short-term trading opportunities. Account funding is a breeze with a very low minimum deposit of $5 and a huge selection of payment options, plus Tether was added to the cashier in 2023. Although response times trail alternatives in our personal experience, Deriv offers 24/7 support and is one of the few brokers to offer WhatsApp assistance. After integrating TradingView and adding MT5 web trader, Deriv now offers a first-class selection of charting tools across desktop, web and mobile devices.	IC Markets offers among the tightest spreads in the industry, with 0.0-pip spreads on major currency pairs, making it especially cost-effective for day traders. As a tightly regulated and widely respected broker, IC Markets prioritizes client security and transparency, helping to ensure a reliable trading experience globally. IC Markets offers fast and dependable 24/5 support based on firsthand experience, particularly when it comes to accounts and funding issues. You have access to over 2,250 CFDs across various markets, including forex, commodities, indices, stocks, bonds, and cryptocurrencies, allowing for diversified trading strategies.
Cons
Apart from the MFSA in the EU, Deriv lacks top-tier regulatory credentials, reducing the level of safeguards like access to investor compensation. Although there’s a basic blog, there's little in terms of technical analysis or market reports which could help active traders identify potential opportunities. While the Academy launched in 2021 is a step in the right direction, there is limited education on advanced trading topics for seasoned traders and no live webinars to upskill new traders. Leverage up to 1:1000 will appeal to traders with a large risk appetite but frustratingly there is no ability to flex the leverage in the account area.	While IC Markets offers a selection of metals and cryptos for trading via CFDs, the range is not as extensive as brokers like eToro, limiting opportunities for traders interested in these asset classes. The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners. There are fees for certain withdrawal methods, including a $20 wire charge, which can eat into profits, especially for frequent withdrawals. Despite four industry-leading third-party platforms, there is no proprietary software or trading app built with new traders in mind. Interest isn't paid on unused cash, an increasingly popular feature found at alternatives like Interactive Brokers.
Awards
Most Trusted Broker 2024 - Ultimate Fintech Global Awards Best Trading Experience LATAM 2024 - Ultimate Fintech Global Awards Best LATAM Region Broker 2024 - Ultimate Fintech Global Awards Best Customer Service 2024 - Global Forex Awards	Best MT4/MT5 Broker 2023 - DayTrading.com Best Forex Broker 2022 - DayTrading.com Best Overall Broker 2020 - DayTrading.com Best Trading App 2020 - DayTrading.com
Instruments
CFDs, Multipliers, Accumulators, Synthetic Indices, Forex, Stocks, Options, Commodities, ETFs	CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$5	$200
Trading Platforms
Deriv Trader Deriv X Deriv Go MT5 cTrader TradingView	MT4 MT5 cTrader TradingView TradingCentral DupliTrade
Payment Methods
Volet Airtm AstroPay Banxa Bitcoin Payments Boleto Credit Card Diners Club FasaPay JCB Card JetonCash Maestro Mastercard Neteller Paysafecard Paytrust Perfect Money Przelewy24 Skrill Sticpay Trustly Visa WebMoney Wire Transfer	BPAY Credit Card Klarna Mastercard Neteller PayPal POLi Rapid Transfer SafeCharge Skrill Swift UnionPay Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
MFSA, LFSA, BVIFSC, VFSC, FSC, SVGFSA	ASIC, CySEC, FSA, CMA
Margin Trading
Yes	Yes
STP Account
No	No
ECN Account
No	Yes
DMA Account
No	Yes
MAM Account
No	Yes
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	iOS & Android
App Review
Deriv GO shines with its straightforward app design and diverse trading opportunities, from traditional markets to custom indices that simulate real-world markets and offer 24-hour trading, including on weekends. The in-app chat assistance, which can’t be found at many alternatives, is also fast and reliable, providing an important layer of support for new users.	IC Markets deliver mobile apps for their cTrader, MT4, MT5 and TradingView platforms. They have been developed on Android and iOS separately, taking full advantage of the functionality available on each. With raw pricing, and spreads from 0.0, the apps deliver an excellent trading tool for all levels of trader. Yet what really stands out is how they’ve managed to maintain the lightning-fast execution speed IC Markets is known for, right within the apps. It’s a seamless trading experience that feels both professional and highly responsive.
Android App Rating
4.5	4.2
iOS App Rating
4.2	3.1
Auto Trading
Expert Advisors (EAs) on MetaTrader, DBots	Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade
Copy Trading
Yes	Yes
Copy Trading Platform
Deriv allows clients to replicate the positions of experienced traders through signals on DMT5. You can receive signals in real-time and decide whether to action trades in your own account. The best part is that the process of copying is fully automated, which is ideal for beginners seeking a hands-off approach. Deriv is also one of a select few cTrader brokers to support copy trading for hands-off investing opportunities.	Launched in February 2023, the IC Social app offers an intuitive way to learn, share, and mirror the positions of other traders with just a few clicks. Additionally, the app features risk management tools and supports dedicated trading groups. Alternatively, IC Markets grants access to Signal Start, along with well-known third-party copy trading platforms including ZuluTrade and cTrader Copy.
Social Trading
No	Yes
Trade Signals
DMT5	Signal Start
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$25	$0
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP	USD EUR GBP CAD AUD NZD JPY CHF HKD SGD
Stock Exchanges
Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Japan Exchange Group Nasdaq New York Stock Exchange Russell 2000 S&P 500	Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Nasdaq New York Stock Exchange Russell 2000 S&P 500
Commodities
Coffee Copper Cotton Gold Lead Natural Gas Oil Precious Metals Silver Sugar	Cocoa Coffee Corn Gold Natural Gas Oil Orange Juice Silver Soybeans Sugar Wheat
CFD Trading
Since broadening its range of CFDs in 2023, Deriv now offers trading on rising and falling prices across hundreds of global financial markets. This includes the firm’s exclusive synthetic indices which imitate real markets but run around the clock for additional trading opportunities.	You gain access to over 2,250 CFDs, available for trading 24/5 across popular markets such as forex, commodities, indices, stocks, and bonds. Utilizing deep liquidity and advanced bridge technology, IC Markets ensures optimal conditions for scalpers, hedgers, and algo traders alike.
Leverage
1:1000	1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
FTSE Spread
1.0	1.0
GBPUSD Spread
0.4	0.23
Oil Spread
0.013	0.03
Stocks Spread
0.07	0.02
Forex Trading
Deriv has expanded its range of currency pairs, now enabling clients to go long or short on a over 40 major, minor and exotic currency pairs. Spreads on EUR/USD are also competitive at 0.44 pips, especially since being slashed in 2021, while forex CFDs are available via MT5 and multipliers on the broker's beginner-friendly DTrader.	IC Markets maintains its commitment to providing exceptionally tight 0.0-pip forex spreads on major currency pairs such as EUR/USD. This makes it an excellent option if you are seeking superior execution, with an average of 35 milliseconds. Additionally, if you are a high-volume trader, you can benefit from rebates of up to $2.50 per forex lot.
Forex App
	IC Markets deliver mobile apps for both their cTrader and MT5 platforms. Both have been developed on android and iOS separately, taking full advantage of the functionality available on each. With raw pricing, and spreads from 0.0, the apps deliver an excellent trading tool for all levels of trader. The speed of execution synonymous with IC Markets is retained across their apps.
GBPUSD Spread
0.4	0.23
EURUSD Spread
0.4	0.02
EURGBP Spread
0.4	0.27
Assets
40+	75
Cryptocurrency
Deriv.com continues to offer a strong selection of 30+ crypto pairs - more than double the range offered at competitor, IQ Cent. 1:2 leverage on crypto is also available allowing traders to magnify potential returns, and there are zero commissions, catering to aspiring traders looking for simple pricing.	IC Markets offers 20+ cryptocurrencies which are tradable via CFDs, including lesser-known tokens such as Avalanche, Kusama and Uniswap. Commission-free trading is available, and experienced crypto traders can access high leverage up to 1:200 in the MetaTrader platforms.
Spread
From 0.5	BTC 42.036
Coins
BTC LTC ETH USDT USDC	BTC BCH DOT DSH EMC EOS ETH LNK LTC NMC PPC XLM XRP ADA BNB DOG UNI XTZ
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
Deriv.com offers premium binary options on traditional and emerging financial markets with payouts up to 50,000 USD. Binaries are available 24/7, 365 days a year with around the clock customer support and one of the slickest trading platforms we've used.	Binary options trading not offered
Payout
100%
Expiry Times
15 seconds to 365 days
Ladder Options
Yes	No
Boundary Options
Yes	No

Review	Review