Deriv.com vs BinaryCent
Deriv | BinaryCent |
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4.6
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3
BinaryCent is #7 in our binary options broker rankings. |
Traders from US not accepted
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Traders from US accepted |
Established in 1999, Deriv is an innovative broker now serving over 2.5 million global clients. The firm offers CFDs, multipliers and more recently accumulators, alongside its proprietary derived products which can't be found elsewhere, providing flexible short-term trading opportunities. |
BinaryCent is an unregulated binary options broker that offers 24/7 trading on forex, cryptos and stocks with payouts up to 95%. Despite its lack of regulation, this broker takes client security seriously and stores client funds in European banks. The broker also offers CFDs with very high leverage up to 1:500. |
Customer Reviews | |
4.3
Based on 3 Deriv customer reviews
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Bonus Offer | |
20% - 200% deposit bonus | |
Promotions | |
Comment by Reviewer | |
"Deriv is ideal for active traders seeking alternative and unique ways to speculate on global financial markets, from multipliers and accumulator options to its bespoke synthetic indices, which mimic real market movements and are available 24/7, allowing for continuous trading opportunities regardless of market hours." | "Traders who want a reliable binary options broker with a streamlined platform and high payouts should try out BinaryCent." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
CFDs, Multipliers, Accumulators, Synthetic Indices, Forex, Stocks, Options, Commodities, ETFs | CFDs, Forex, Stocks, Cryptos, Options, Commodities |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$5 | $250 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.01 Lots | $0.01 |
Regulator | |
MFSA, LFSA, BVIFSC, VFSC, FSC, SVGFSA | VFSC |
Margin Trading | |
Yes | Yes |
STP Account | |
No | No |
ECN Account | |
No | No |
DMA Account | |
No | No |
MAM Account | |
No | No |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
Yes | No |
Market Maker | |
Yes | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
Mobile Apps | |
iOS & Android | iOS, Android |
App Review | |
Deriv GO shines with its straightforward app design and diverse trading opportunities, from traditional markets to custom indices that simulate real-world markets and offer 24-hour trading, including on weekends. The in-app chat assistance, which can’t be found at many alternatives, is also fast and reliable, providing an important layer of support for new users. |
BinaryCent, like most binary brokers, doesn’t offer its own app – just trading through mobile browsers. In this instance, the result is an average workspace with relatively crisp graphics, one-tap trading and access to copy trading from the menu at the bottom. However, charts don’t optimize well when you turn the device horizontally and the pop-up promotions were distracting during testing, detracting from the overall user experience. |
Android App Rating | |
4.5 |
3 |
iOS App Rating | |
4.2 |
3 |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader, DBots | Centobot for binary options |
Copy Trading | |
Yes | Yes |
Copy Trading Platform | |
Deriv allows clients to replicate the positions of experienced traders through signals on DMT5. You can receive signals in real-time and decide whether to action trades in your own account. The best part is that the process of copying is fully automated, which is ideal for beginners seeking a hands-off approach. Deriv is also one of a select few cTrader brokers to support copy trading for hands-off investing opportunities. | The copy trading tool is available for all account types, including the lowest - Bronze. You can pick a trader based on their returns and ranking. The sign-up process is quick and account activation is instant. |
Social Trading | |
No | Yes |
Trade Signals | |
DMT5 | |
VPS Hosting | |
No | No |
Tournaments | |
No | Yes |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | Yes |
Inactivity Fee | |
$25 | |
Islamic Account | |
Yes | No |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
Since broadening its range of CFDs in 2023, Deriv now offers trading on rising and falling prices across hundreds of global financial markets. This includes the firm’s exclusive synthetic indices which imitate real markets but run around the clock for additional trading opportunities. | You can take positions on a range of popular trading markets including forex, stocks, energies and metals. Leverage is high at 1:500 and live spreads can be viewed in the web-accessible platform and app. |
Leverage | |
1:1000 | 1:500 |
FTSE Spread | |
1.0 | Floating |
GBPUSD Spread | |
0.4 | Floating |
Oil Spread | |
0.013 | Floating |
Stocks Spread | |
0.07 | Floating |
Forex Trading | |
Deriv has expanded its range of currency pairs, now enabling clients to go long or short on a over 40 major, minor and exotic currency pairs. Spreads on EUR/USD are also competitive at 0.44 pips, especially since being slashed in 2021, while forex CFDs are available via MT5 and multipliers on the broker's beginner-friendly DTrader. | Trade 24 forex pairs via binary options. Such a small range of currency pairs is not that unusual among binary options brokers, and BinaryCent's high payouts up to 95% compensate for the lack of range. |
GBPUSD Spread | |
0.4 | Floating |
EURUSD Spread | |
0.4 | Floating |
EURGBP Spread | |
0.4 | Floating |
Assets | |
40+ | 25+ |
Cryptocurrency | |
Deriv.com continues to offer a strong selection of 30+ crypto pairs - more than double the range offered at competitor, IQ Cent. 1:2 leverage on crypto is also available allowing traders to magnify potential returns, and there are zero commissions, catering to aspiring traders looking for simple pricing. | BinaryCent offers trading on a decent list of cryptocurrencies, including major tokens like Bitcoin. The broker also accepts crypto deposits and withdrawals, making it straightforward to fund, trade and manage your activities in digital currencies. |
Spread | |
From 0.5 | N/A |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
Binary Options | |
Deriv.com offers premium binary options on traditional and emerging financial markets with payouts up to 50,000 USD. Binaries are available 24/7, 365 days a year with around the clock customer support and one of the slickest trading platforms we've used. | BinaryCent provides binary options trading on a range of markets through a slick proprietary platform. Traders can invest as little as $0.10 per trade and earn payouts up to 95%, and these are excellent terms that accommodate casual and low-capital traders while allowing profit opportunities. |
Payout | |
100% | 95% |
Expiry Times | |
15 seconds to 365 days | 5 seconds - 30 days |
Ladder Options | |
Yes | No |
Boundary Options | |
Yes | Yes |