Deriv vs GMG Markets 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 GMG Markets
| Broker | Deriv | GMG Markets |
|---|---|---|
| Rating | 4.3/5 | 3.9/5 |
| Foundation Year | 2020 | 2015 |
| Regulated in Countries | Malaysia, British Virgin Islands, Vanuatu, Saint Vincent and the Grenadines, Jersey, Malta | United Kingdom |
| Minimum Deposit |
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| Spread | from 0.5 points | from 0 points |
| Max Leverage | 1:4000 | 1:30 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | Deriv Review | GMG Markets 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.
GMG Markets suits active Forex traders and scalpers who value FCA regulation, MT5, and low spreads; however, it may feel restrictive for investors and stock enthusiasts.
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:
GMG Markets Review
GMG Markets is a niche broker primarily designed for active FX traders, scalpers, and algorithmic traders who only need two well-optimized accounts. The MT5 platform provides a comprehensive toolkit for both manual and automated trading, Autochartist supplements basic technical analysis, and 24/5 support responds swiftly and effectively.
This broker is ideal for those who appreciate transparent fees, swift fund withdrawals, and FCA regulation but do not require an extensive product lineup or copy trading services. Novice traders can test the live markets and undergo basic training via webinars, whereas professionals can access leverage up to 1:100 under Pro status. Investors, diversification enthusiasts, or those needing a multitude of platforms and services might be better served by more versatile providers.
Pros and Cons of GMG Markets
Pros
- Robust regulation — FCA license, segregated accounts, FSCS protection.
- Transparent fee structure — Standard account with zero commission, Raw account with zero spreads and fixed fee.
- MT5 + Autochartist — comprehensive desktop, web, and mobile platforms, algorithm support, integrated chart pattern scanner.
- VPS hosting — complimentary with required monthly turnover.
- 24/5 tech support — chat, phone, and e-mail typically respond within minutes.
Cons
- Limited instrument selection — only Forex, a few indices, and commodities.
- Single platform offering — no MT4, cTrader, TradingView, or proprietary web terminal.
- Minimum deposit of $200 — higher than brokers offering cent/micro accounts.
- No e-wallets or cryptocurrencies available for transactions.
- Investor services are lacking — no copy trading, PAMM, contests, or comprehensive fundamental analysis.
Reliability
| Broker | Deriv | GMG Markets |
|---|---|---|
| Reliability | 4.2/5 | 5/5 |
| Foundation Year | 2020 | 2015 |
| Regulated in Countries | Malaysia, British Virgin Islands, Vanuatu, Saint Vincent and the Grenadines, Jersey, Malta | United Kingdom |
| Regulators | LFSA LFSA BVIFSC BVIFSC VFSC VFSC SVGFSA SVGFSA JFSC JFSC MFSA MFSA | FCA FCA |
Deriv
Broker Deriv is relatively reliable, with licenses from various global regulators.
GMG Markets
Since 2016 under FCA oversight, GMG Markets holds client funds in segregated accounts and qualifies for FSCS protection.
Pros
- FCA License — Tier-1 regulator
- Funds segregation + FSCS compensation up to £85,000
- STP/NDD model without dealer intervention
Cons
- Single jurisdiction (FCA), no additional licenses
Account Opening
| Broker | Deriv | GMG Markets |
|---|---|---|
| Account Opening | 5/5 | 4.5/5 |
| Minimum Deposit |
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Deriv
The account opening process at Deriv brokerage is quite simple and fast.
GMG Markets
GMG Markets onboarding is quick and efficient: registration takes 5–7 minutes, with verification under 1 business day. However, a $200 deposit and extensive KYC may deter beginners.
Pros
- Online registration in 5–7 minutes
- Document verification within 1 day
Cons
- Minimum deposit of $200
- Detailed KYC form
Account Types
| Broker | Deriv | GMG Markets |
|---|---|---|
| Account Types | 4.5/5 | 3.8/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.5 points | from 0 points |
| Max Leverage | 1:4000 | 1:30 |
| 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.
GMG Markets
Only two main accounts — Standard and Raw Spread — cater to basic requirements, but the absence of cent or fixed-spread accounts, copy trading, PAMM, and contest services limits variety.
Pros
- Commission-free Standard, and zero-spread Raw account
- Islamic account and spread-betting options for niche segments
- Complimentary VPS with required turnover
Cons
- No cent/fixed-spread account
- Lack of copy trading, PAMM, contests
Commissions
| Broker | Deriv | GMG Markets |
|---|---|---|
| Commissions | 4.3/5 | 3.5/5 |
| 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.
GMG Markets
GMG Markets offers a transparent fee structure: one account includes all charges within the spread, while another charges a small fee with a minimal spread. Deposits and withdrawals are free, no inactivity fee is applied, though swaps are slightly above average.
Pros
- No inactivity fees
- Free deposits and withdrawals
Cons
- Swaps are above average
Deposit and Withdrawal
| Broker | Deriv | GMG Markets |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Account Funding Methods |
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Deriv
Broker Deriv offers various convenient methods for account funding and withdrawal without commission.
GMG Markets
Card and bank transfers are swift and fee-free, but the absence of e-wallets and cryptocurrencies limits options.
Pros
- Commission-free transactions
- Instant card funding
Cons
- No e-wallets
- No cryptocurrencies
Markets and Products
| Broker | Deriv | GMG Markets |
|---|---|---|
| Markets and Products | 3.8/5 | 2.5/5 |
| Forex | 57 | 64 |
| Precious Metals | 11 | 13 |
| Energy Carriers | 2 | 3 |
| Indices | 63 | 17 |
| Stocks | 57 | - |
| ETF | 31 | - |
| Cryptocurrency | 31 | - |
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.
GMG Markets
The instrument range is limited: primarily currency pairs, indices, and commodities; with no stocks, cryptocurrencies, or a broad commodity selection, diversification falls short compared to competitors.
Pros
- 64 currency pairs
- Major indices and metals
Cons
- No CFDs on stocks
- No cryptocurrencies
- Limited commodity selection
Trading Platforms
| Broker | Deriv | GMG Markets |
|---|---|---|
| Rating | 5/5 | 3.5/5 |
| 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.
GMG Markets
The sole available platform, MT5, offers rich functionality, but the lack of alternatives reduces flexibility.
Pros
- Fully featured MT5
- Desktop, web, and mobile applications
Cons
- No MT4, cTrader, TradingView
- Essentially a single platform option
Analytics
| Broker | Deriv | GMG Markets |
|---|---|---|
| Rating | 3.5/5 | 3/5 |
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.
GMG Markets
Autochartist and a daily news feed provide basic analysis, but the lack of proprietary research and in-depth fundamental analysis diminishes overall utility.
Pros
- Complimentary Autochartist
- Market news
Cons
- No proprietary research
- Weak fundamental analysis
Education
| Broker | Deriv | GMG Markets |
|---|---|---|
| Rating | 2.5/5 | 4/5 |
Deriv
Deriv's educational materials are limited to a blog, which restricts opportunities for comprehensive learning.
GMG Markets
The foundational materials (webinars, articles, videos) are sufficient for beginners, but for in-depth learning and advanced coursework, external resources may be needed.
Pros
- Regular free webinars
- Novice-oriented article base
- Recordings available 24/7
Cons
- No advanced courses
- No podcasts or multilingual programs
Customer Support
| Broker | Deriv | GMG Markets |
|---|---|---|
| Rating | 4/5 | 4.5/5 |
| Email Support |
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| Hotline Phones | — |
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| Social Media |
Twitter
LinkedIn
YouTube
Facebook
InstagramDeriv
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.
GMG Markets
The broker provides 24/5 support via chat, phone, and e-mail, with responses typically within minutes.
Pros
- Online chat and phone support 24/5
- Rapid response
- Competent representatives
Cons
- No weekend support
- Delays during peak demand
