Higher Rated
Forex.com
Capital at risk · T&Cs apply
When comparing Deriv and Forex.com, the key difference lies in their target clientele and platform offerings. Deriv, with its very low minimum deposit of $5 and unique trading products like multipliers and accumulators, appeals to novice traders and those looking for 24/7 trading on synthetic indices. In contrast, Forex.com, with its extensive market research and acceptance of US clients, is better suited for experienced traders seeking a broader range of traditional markets and a more established brand. Both brokers offer competitive spreads and leverage options, but Forex.com’s higher minimum deposit may be a consideration for budget-conscious traders.
Deriv
Forex.com
| Deriv | Forex.com | |
|---|---|---|
| BrokerRank Score | 3.8/5 | 4.4/5 ✓ |
| Min. Deposit | $5 | $100 ✓ |
| Spread from | 0.5 pips ✓ | 0.8 pips |
| Max Leverage | 1:1000 ✓ | 1:200 |
| Regulation | FCA, MAS | FCA, CFTC, ASIC ✓ |
| Platforms | MT5, Proprietary Web, Proprietary Mobile | MT4, MT5, Proprietary Web |
Forex.com is the better choice overall, scoring 4.4/5 vs 3.8/5 on BrokerRank's independent rating. On fees, Deriv offers lower spreads (0.5 pips).
See full side-by-side comparison belowDeriv
Forex.com
Deriv
Lower feesForex.com
Deriv, with its headquarters in Limassol, Cyprus, is regulated by several reputable bodies including the Financial Conduct Authority (FCA) in the UK and the Monetary Authority of Singapore (MAS). These regulatory frameworks offer a robust safety net for client funds, ensuring that traders have recourse in the event of disputes. Moreover, Deriv's regulation by multiple authorities highlights its commitment to maintaining high standards of client protection and operational transparency.
Forex.com, headquartered in Bedminster, USA, boasts an even broader regulatory footprint. It is overseen by the FCA, Commodity Futures Trading Commission (CFTC) in the US, Australian Securities and Investments Commission (ASIC), and MAS. This extensive regulatory coverage not only provides a high level of fund protection but also instills confidence among traders globally. Being part of the publicly listed StoneX Group further enhances Forex.com's credibility, offering additional transparency through financial disclosures.
Deriv offers competitive pricing with spreads starting from 0.5 pips on forex pairs. The absence of commissions on most products makes it an attractive choice for cost-conscious traders. The minimum deposit is exceptionally low at $5, enabling easy access for newcomers. With leverage up to 1:1000, Deriv caters to traders looking for high-risk, high-reward opportunities. However, traders should be cautious of the complexities involved in using its proprietary products like multipliers and accumulators.
Forex.com, on the other hand, provides spreads starting from 0.8 pips, slightly wider than Deriv's offering. However, it compensates for this with no commissions on standard accounts. The minimum deposit requirement is $100, which is higher but still accessible for most traders. Forex.com's leverage is capped at 1:200, offering a safer leverage level compared to Deriv. An inactivity fee is also something to consider for those who do not trade frequently.
Deriv provides access to MT5 along with its proprietary web and mobile platforms. MT5 is well-regarded for its advanced charting tools and automation capabilities, while Deriv's proprietary platforms offer unique trading products. Forex.com offers both MT4 and MT5, in addition to its own proprietary platforms. MT4 remains a favourite among forex traders due to its extensive library of third-party tools and indicators, while their proprietary platform is known for comprehensive market research capabilities.
For beginners, Deriv is the preferred choice due to its low minimum deposit and zero commissions. Professional traders or those seeking comprehensive market research will find Forex.com more suitable. When it comes to fees, Deriv edges out slightly with narrower spreads and no inactivity fee.
Deriv
3.8/5
Choose Deriv if you want…
Forex.com
4.4/5
Choose Forex.com if you want…
Forex.com scores higher overall on our independent rating system. Deriv holds a 3.8/5 rating vs Forex.com's 4.4/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Deriv offers spreads from 0.5 pips, while Forex.com starts at 0.8 pips. Check the fees section above for a full breakdown.
Deriv requires a minimum deposit of $5. Forex.com requires $100.
Deriv is regulated by FCA, MAS, while Forex.com holds licences from FCA, CFTC, ASIC, MAS.
Deriv supports MT5, Proprietary Web, Proprietary Mobile. Forex.com supports MT4, MT5, Proprietary Web, Proprietary Mobile.
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.