Deriv.com vs Oanda

Deriv.com vs OANDA Comparison Table 2023
Deriv.com OANDA
4.4
4.3
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Deriv.com is a multi-asset broker with over 2.5 million global clients. The firm offers CFDs and multipliers, alongside proprietary synthetic products which can't be found elsewhere. Deriv provides both its own in-house trading software and the hugely popular MetaTrader 5.

OANDA is an award-winning global broker, established in 1996. The hugely respected brand offers competitive trading accounts and serves clients from 196 countries. It has proven a popular option with both beginners and experienced traders thanks to its user-friendly and sophisticated web platform, no minimum deposit and premium currency products and services. The company is also overseen by reputable regulators, including the FCA, ASIC and CIRO.

Comment by Reviewer
"Deriv.com will suit traders looking for CFDs and multipliers with high leverage up to 1:1000. The broker is also the industry leader in synthetic indices, which simulate real market movements and are available around the clock." "Based on tests, OANDA will serve traders looking for a trustworthy broker with a beginner-friendly platform, best-in-class research and straightforward account opening. The $0 minimum deposit makes it especially attractive to newer traders and those on a budget."
Pros
  • Multipliers to increase potential profits with 1:1000 leverage
  • Range of deposit and withdrawal methods with zero payment fees
  • Live 24/7, including the weekends
  • Multi-regulated online brokerage
  • Choice of investing platforms
  • Low $5 minimum deposit
  • Free demo account
  • Payouts of 100%+
  • Oversight from tier-one regulators like the FCA and ASIC makes the broker reliable and trustworthy
  • The guaranteed stop loss order (GSLO) is a useful risk management tool not available at many alternatives
  • The OANDA Trade web platform easy to learn and features sophisticated charting tools and market research
  • The brand has an excellent reputation and 25 years' experience with a string of awards
  • There are no restrictions on trading strategies with scalping, hedging and netting permitted
  • The $0 minimum deposit will appeal to newer traders
  • With 68 forex pairs the broker will serve active forex traders
  • Spreads are tight and there are zero hidden fees
Cons
  • No sign-up bonuses and on-going promotions
  • Limited social and copy trading functionality
  • There is a narrow range of payment methods with no PayPal
  • High-volume traders get limited fee rebates or perks
  • Weekend customer support isn't available
  • Social and copy trading tools aren't supported
Awards
  • Best Trading Tools winner 2021 - Online Personal Wealth Awards
  • Awarded highest overall client satisfaction 2021 - Investment Trends US Leverage Trading Report, Margin Forex
  • Awarded highest client satisfaction for mobile platform/app 2021 - Investment Trends US Leverage Trading Report, Margin Forex
  • Voted Most Popular Broker 2021 - TradingView Broker Awards
  • Voted Best Forex and CFD Broker 2021 - TradingView Broker Awards
Instruments
CFDs, Multipliers, Forex, Stocks, Indices, Commodities Forex, Stocks, Commodities, Indices, Bonds, ETFs, Crypto, Spread Betting
Demo Account
Yes Yes
Minimum Deposit
$5 $0
Trading Platforms
  • MT5
  • OANDA Trade
  • MT4
  • TradingView
  • AutoChartist
Payment Methods
Minimum Trade
0.01 Lots $0
Regulator
MFSA, LFSA, VFSC, BFSC FCA, ASIC, KNF, MAS, CIRO, FFAJ, BVI
Margin Trading
Yes Yes
Margin Rate
2%
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 Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android OANDA Trade, MT4
Auto Trading
DBot Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes No
Copy Trading Platform
Replicate the positions of experienced traders through signals on DMT5. Receive signals in real-time and decide whether to action trades in your own account.
Social Trading
No No
Trade Signals
DMT5
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No Yes
Inactivity Fee
$10
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • HKD
  • SGD
Stock Exchanges
Commodities
CFD Trading
Trade CFDs on popular markets, including the broker's exclusive synthetic indices which are available 24/7. New users can open an account and start trading CFDs instantly. You can speculate on popular financial assets covering forex, commodities, indices, metals and bonds. You can get started with $0 minimum deposit, making the broker a good pick for beginners. There’s also a comprehensive range of technical analysis tools in the MT4 and OANDA Trade platforms.
Leverage
1:1000 1:30 (UK), 1:200 (EU)
FTSE Spread
From 0.5 1.0
GBPUSD Spread
From 0.5 1.4
Oil Spread
From 0.5 3.0
Stocks Spread
Variable Variable
Forex Trading
Clients can go long or short on a string of major, minor and exotic currency pairs. Spreads are competitive vs alternatives starting at 0.5 pips. Forex CFDs are available via MT5 and multipliers on the broker's beginner-friendly DTrader. OANDA offers 68 currency pairs, which is above the industry average. You can speculate on majors, minors and exotics, with spreads from 0.8 pips on popular pairs. There are no commissions and leverage is available up to 1:200. Average execution speeds are fast based on tests, at 12 milliseconds.
GBPUSD Spread
From 0.5 1.4
EURUSD Spread
From 0.5 0.8
EURGBP Spread
From 0.5 0.9
Assets
30+ 68
Cryptocurrency
Deriv.com offers a modest selection of 25+ crypto pairs with tight spreads and zero commissions. 1:2 leverage is also available so you can magnify potential returns. OANDA offers trading on leading cryptocurrencies, including Bitcoin. You can place trades in the app hassle-free and practice in the unlimited demo account. The broker offers guaranteed stop-loss orders to help protect you against market volatility.
Spread
From 0.5 $100
Coins
  • BTC
  • LTC
  • ETH
  • USDT
  • USDC
  • BTC
  • ETH
  • LTC
  • BCH
  • PAXG
  • LINK
  • UNI
  • AAVE
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 on a secure platform with responsive customer support. Binary options trading not offered
Payout
100%
Expiry Times
15 seconds to 365 days
Ladder Options
Yes No
Boundary Options
Yes No
More Comparisons
Deriv.com
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