Deriv vs FXOpen Comparison
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of Deriv and FXOpen
| Broker | Deriv | FXOpen |
|---|---|---|
| Rating | 4.3/5 | 4.3/5 |
| Foundation Year | 2020 | 2004 |
| Regulated in Countries | Malaysia, British Virgin Islands, Vanuatu, Saint Vincent and the Grenadines, Jersey, Malta | United Kingdom, Cyprus, Australia |
| Minimum Deposit |
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| Spread | from 0.5 points | from 0 points |
| Max Leverage | 1:4000 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | Deriv Review | FXOpen Review |
Deriv may be suitable for beginners looking for a user-friendly platform, a low entry threshold, and the opportunity to trade binary options or CFDs.
Broker FXOpen is suitable for professional traders and scalping enthusiasts but may not be ideal for beginners due to the lack of training.
Deriv Review
Deriv is an appealing choice for a wide array of traders, particularly those who are just beginning or are at an intermediate level. Its user-friendly approach, diverse platforms, and low-cost structure make it ideal for individuals seeking a straightforward trading experience. While it may not fully satisfy the needs of highly advanced traders due to some limitations in educational and analytical resources, Deriv's overall offering is solid, making it a reliable and accessible broker for most trading requirements.
Pros and Cons of Deriv
Pros
- Simple and fast account opening process.
- A wide variety of account types cater to different trading needs.
- Low commission structure.
- A wide range of trading platforms.
- High-quality technical support with fast and effective responses.
Cons
- Some essential asset classes are absent, and a limited number of CFDs on stocks exist.
- Educational materials are confined to a blog and lack comprehensive learning resources.
Deriv is in the top 10 of the following ratings:
FXOpen Review
FXOpen is a highly regulated broker with licenses from leading international bodies, which guarantees the safety of investments and compliance with strict standards. The broker offers a wide range of trading instruments, allowing traders to diversify their portfolios. Low spreads and commissions make FXOpen an attractive choice for those looking for a cost-effective trading environment. The availability of various platforms gives traders the flexibility to choose a trading instrument.
FXOpen is ideal for experienced traders who can analyze the market independently and make informed trading decisions without significant educational support. The broker is especially attractive to those who seek variety in trading tools and prefer to use advanced trading platforms.
Pros and Cons of FXOpen
Pros
- Wide range of trading assets.
- Low spreads and commissions.
- Support for various trading platforms.
Cons
- Lack of educational materials.
FXOpen is in the top 10 of the following ratings:
Reliability
| Broker | Deriv | FXOpen |
|---|---|---|
| Reliability | 4.2/5 | 5/5 |
| Foundation Year | 2020 | 2004 |
| Regulated in Countries | Malaysia, British Virgin Islands, Vanuatu, Saint Vincent and the Grenadines, Jersey, Malta | United Kingdom, Cyprus, Australia |
| Regulators | LFSA LFSA BVIFSC BVIFSC VFSC VFSC SVGFSA SVGFSA JFSC JFSC MFSA MFSA | - FCA FCA CySEC CySEC ASIC ASIC |
Deriv
Broker Deriv is relatively reliable, with licenses from various global regulators.
FXOpen
FxOpen is a reliable and regulated broker, licensed in many countries, ensuring the safety of funds and a high standard of services.
Account Opening
| Broker | Deriv | FXOpen |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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Deriv
The account opening process at Deriv brokerage is quite simple and fast.
FXOpen
FxOpen provides a simple and convenient account opening process, with an emphasis on security and compliance with regulatory requirements.
Account Types
| Broker | Deriv | FXOpen |
|---|---|---|
| Account Types | 4.5/5 | 5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.5 points | from 0 points |
| Max Leverage | 1:4000 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
Deriv
A wide variety of accounts on Deriv satisfies the needs of different traders, although there are certain limitations.
Pros
- A sufficiently wide selection of account types.
- The ability to trade binary options and multipliers.
Cons
- No accounts with fixed spreads.
FXOpen
FxOpen offers a wide selection of trading accounts and additional services.
Commissions
| Broker | Deriv | FXOpen |
|---|---|---|
| Commissions | 4.3/5 | 3/5 |
| Spread | from 0.5 points | from 0 points |
| Average Spread (EURUSD) | 0.5 | 1.2 |
| Commission per Lot | $3.5 |
Deriv
Deriv's commissions are low.
Pros
- No commission for account funding and withdrawal.
- Low spreads and swaps on Financial type accounts.
Cons
- Fee for account inactivity.
FXOpen
FxOpen's commissions are average in the market, with competitive spreads, but high swap rates and inactivity fees.
Deposit and Withdrawal
| Broker | Deriv | FXOpen |
|---|---|---|
| Rating | 5/5 | 4.2/5 |
| Account Funding Methods |
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Deriv
Broker Deriv offers various convenient methods for account funding and withdrawal without commission.
FXOpen
FxOpen offers a variety of deposit and withdrawal methods.
Pros
- A large selection of payment systems and cryptocurrencies.
- Fast processing of withdrawal requests.
Cons
- No bank transfer option.
- High commissions for credit cards from the provider.
Markets and Products
| Broker | Deriv | FXOpen |
|---|---|---|
| Markets and Products | 3.8/5 | 4.6/5 |
| Forex | 57 | 66 |
| Precious Metals | 11 | 3 |
| Energy Carriers | 2 | 3 |
| Indices | 63 | 12 |
| Stocks | 57 | 553 |
| ETF | 31 | 56 |
| Cryptocurrency | 31 | 41 |
Deriv
A wide range of assets in many segments.
Pros
- A large selection of assets for trading.
- Ability to trade synthetic indices 24/7.
Cons
- Absence of some important asset classes.
- Limited number of CFDs on stocks.
FXOpen
FxOpen offers a good selection of assets but without soft commodities.
Trading Platforms
| Broker | Deriv | FXOpen |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Trading Platforms |
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Deriv
Broker Deriv offers a wide range of trading platforms to meet the needs of traders of different levels.
Pros
- A variety of platforms for different types of trading.
- The ability to build trading robots without programming knowledge.
- Has its own mobile application.
FXOpen
FXOpen offers a wide range of trading platforms, catering to different types of traders.
Analytics
| Broker | Deriv | FXOpen |
|---|---|---|
| Rating | 3.5/5 | 4/5 |
Deriv
Deriv offers robust analytics with practical calculators and insightful market analysis, yet there's room for more real-time data tools.
Pros
- Detailed market insights on the Deriv Blog.
- Convenient risk management calculators.
Cons
- Lack of an economic calendar.
- Limited real-time data analytics.
FXOpen
FXOpen provides a solid package of analytical tools, offering traders valuable resources for making trading decisions.
Education
| Broker | Deriv | FXOpen |
|---|---|---|
| Rating | 2.5/5 | 2/5 |
Deriv
Deriv's educational materials are limited to a blog, which restricts opportunities for comprehensive learning.
FXOpen
FXOpen invests little in trader education, offering only basic articles and a glossary of terms.
Customer Support
| Broker | Deriv | FXOpen |
|---|---|---|
| Rating | 4/5 | 4.5/5 |
| Email Support |
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| Hotline Phones | — |
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| Social Media |
Twitter
LinkedIn
YouTube
Facebook
Instagram
Telegram
WhatsappDeriv
Technical support at Deriv operates at a high level, providing fast and quality responses.
Pros
- Wide selection of communication channels.
- Quality and constructive responses.
Cons
- No information on the support schedule is available on the website.
- Some clients complain about the technical support service.
FXOpen
FXOpen offers reliable support, and a variety of communication channels adds flexibility.
