OANDA vs Deriv 2026: Which Broker is Better?
Choosing between OANDA and Deriv depends on your trading style, preferred markets, and budget. OANDA is headquartered in New York, USA, while Deriv operates from Limassol, Cyprus. OANDA has the longer track record, established in 1996, compared to Deriv which was founded in 1999. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
OANDA
Deriv
| OANDA | Deriv | |
|---|---|---|
| BrokerRank Score | 4.3/5 ✓ | 4.0/5 |
| Min. Deposit | $0 ✓ | $5 |
| Spread from | 0.6 pips | 0.5 pips ✓ |
| Max Leverage | 1:50 | 1:1000 ✓ |
| Regulation | CFTC, FCA, ASIC | MFSA, Labuan FSA, BVI FSC |
| Platforms | MT4, Proprietary Web, Proprietary Mobile | MT5, Proprietary Web, Proprietary Mobile |
OANDA is the better choice overall, scoring 4.3/5 vs 4.0/5 on BrokerRank's independent rating. On fees, Deriv offers lower spreads (0.5 pips).
See full side-by-side comparison belowOANDA vs Deriv: Key Differences
OANDA
WinnerDeriv
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Fees Comparison
OANDA
Deriv
Lower feesRegulation & Trust
OANDA holds licences from FCA, CFTC, ASIC. Deriv is regulated by FCA, MAS.
Markets & Assets
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. Deriv adds Crypto.
Fees & Spreads
On spreads, Deriv is more competitive with EUR/USD spreads from 0.5 pips, compared to 0.6 pips at OANDA.
Trading Platforms
OANDA supports MT4, Proprietary Web, Proprietary Mobile. Deriv offers MT5, Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
OANDA requires no minimum deposit, while Deriv sets a minimum deposit of $5. This makes OANDA accessible to traders with any budget.
Overall Ratings
BrokerRank scores OANDA at 4.09/5 and Deriv at 3.77/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. OANDA leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
OANDA
4.3/5
Choose OANDA if you want…
- Higher overall rating (4.3/5)
- No minimum deposit
- More established (est. 1996)
Deriv
4.0/5
Choose Deriv if you want…
- Tighter spreads (from 0.5 pips)
- Higher leverage (up to 1:1000)
- More market types (5)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both OANDA & Deriv are available in
Frequently Asked Questions
1Is OANDA better than Deriv?
OANDA scores higher overall on our independent rating system. OANDA holds a 4.3/5 rating vs Deriv's 4.0/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, OANDA or Deriv?
OANDA offers spreads from 0.6 pips, while Deriv starts at 0.5 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for OANDA vs Deriv?
OANDA requires a minimum deposit of $0. Deriv requires $5.
4Which broker is safer, OANDA or Deriv?
OANDA is regulated by CFTC, FCA, ASIC, MAS, CIRO, BVI FSC, KNF, while Deriv holds licences from MFSA, Labuan FSA, BVI FSC, VFSC, CIMA, FSC, CMA.
5What trading platforms do OANDA and Deriv support?
OANDA supports MT4, Proprietary Web, Proprietary Mobile. Deriv supports MT5, Proprietary Web, Proprietary Mobile.
6Can I use both OANDA and Deriv?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
Higher Rated
OANDA
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