Deriv vs Firstrade 2026: Which Broker is Better?
In this broker comparison, we examine Deriv and Firstrade, highlighting their key offerings and target audiences. Deriv, with a rating of 3.77/5, appeals to traders interested in forex, CFDs, and cryptocurrencies, offering unique products like multipliers and accumulators with no commission and a very low minimum deposit. Conversely, Firstrade, rated 3.41/5, caters to stock and index traders, particularly those seeking a zero-commission structure and no minimum deposit, though it lacks forex and CFD markets. Deriv is ideal for traders seeking high leverage and diverse products, while Firstrade suits those prioritising traditional stock and ETF investments with straightforward, cost-effective trading.
Deriv
Firstrade
| Deriv | Firstrade | |
|---|---|---|
| BrokerRank Score | 4.0/5 ✓ | 3.4/5 |
| Min. Deposit | $5 | $0 ✓ |
| Spread from | 0.5 pips | 0 pips ✓ |
| Max Leverage | 1:1000 ✓ | 1:2 |
| Regulation | MFSA, Labuan FSA, BVI FSC ✓ | SEC, CFTC |
| Platforms | MT5, Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
Deriv is the better choice overall, scoring 4.0/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Firstrade offers lower spreads (0 pips).
See full side-by-side comparison belowDeriv vs Firstrade: Key Differences
Deriv
Firstrade
WinnerFees Comparison
Deriv
Firstrade
Lower feesBrokerRank Verdict
Who Should Choose Which?
Deriv
4.0/5
Choose Deriv if you want…
- Higher overall rating (4.0/5)
- Higher leverage (up to 1:1000)
- More regulatory licences (7)
- More market types (5)
Firstrade
3.4/5
Choose Firstrade if you want…
- Tighter spreads (from 0 pips)
- No minimum deposit
- More established (est. 1985)
Also consider
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Both Deriv & Firstrade are available in
Frequently Asked Questions
1Is Deriv better than Firstrade?
Deriv scores higher overall on our independent rating system. Deriv holds a 4.0/5 rating vs Firstrade's 3.4/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, Deriv or Firstrade?
Deriv offers spreads from 0.5 pips, while Firstrade starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Deriv vs Firstrade?
Deriv requires a minimum deposit of $5. Firstrade requires $0.
4Which broker is safer, Deriv or Firstrade?
Deriv is regulated by MFSA, Labuan FSA, BVI FSC, VFSC, CIMA, FSC, CMA, while Firstrade holds licences from SEC, CFTC.
5What trading platforms do Deriv and Firstrade support?
Deriv supports MT5, Proprietary Web, Proprietary Mobile. Firstrade supports Proprietary Web, Proprietary Mobile.
6Can I use both Deriv and Firstrade?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
Higher Rated
Deriv
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