Deriv.com vs Olymp Trade

Deriv.com vs Olymp Trade Comparison Table 2024
Deriv.com	Olymp Trade
Review 4.6	Review 1.5
Traders from US not accepted See available binary options brokers	Traders from US not accepted See available binary options brokers
Deriv.com is a low cost, multi-asset broker with over 2.5 million global clients. With just a $5 minimum deposit, the firm offers CFDs, multipliers and more recently accumulators, alongside proprietary synthetic products which can't be found elsewhere. Deriv provides both its own in-house charting software and the hugely popular MetaTrader 5.	Olymp Trade was established in 2014 and now boasts over 89 million traders. With a presence in over 130 countries and support in 13 languages, the brand offers a stable platform and attractive rewards for new traders. Olymp Trade also offers fixed time trades (FTT) over a diverse range of markets. The brand is licensed offshore by the VFSC.
Customer Reviews
4.3 Based on 3 Deriv.com customer reviews
Comment by Reviewer
"Deriv.com will suit day traders looking to make fast-paced trades using 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. "	"Olymp Trade remains a good choice for beginners looking for a user-friendly bespoke platform and mobile app, plus 24/7 customer support. The $10 minimum deposit makes it easy to get started, however, the range of additional day trading tools trails competitors."
Pros
Traders can use multipliers between 1 and 30, with take profit, stop loss and deal cancellation parameters There's a good range of fast deposit and withdrawal methods with zero payment fees and low minimum deposits The free demo account is ideal for practicing short-term trading strategies and no registration is required Deriv continues to offer fast and reliable 24/7 support and the WhatsApp service is particularly convenient Beginners and experienced day traders can access a good range of 20+ technical indicators in Deriv Trader vs 30+ in MT5 Deriv bolstered its short-term trading opportunities in 2024 with accumulator options on simulated indices featuring up to 5% growth rates Deriv X now features TradingView integration for a modern trading experience with a superior charting package The low $5 minimum initial deposit suits those on a lower budget	Short-term strategies are catered to with scalping signals and chart timeframes from 5 seconds Diverse range of day trading markets including commodities, cryptos and composite indices Over 10 flexible payment methods available including bank cards and Bitcoin deposits Beginner-friendly blog section with analytics, trading education and market news Minimum deposit and withdrawals of only $10, ideal for newer traders Fixed time trades (FTT) on popular markets with payouts up to 93% 24/7 customer support via the broker's hotline, email or live chat Commission discounts up to 20% for experienced investors
Cons
There are limited copy trading tools and analysis features compared to alternatives like IQ Cent The range of 100+ assets trails some competitors such as Quotex which offers 400+ There's no loyalty program or rebate scheme for high volume traders	Weak regulatory oversight and offshore registration means traders will receive limited safeguards compared to top alternatives Only one proprietary platform available, with no access to popular third-party software such as MT4 or cTrader Commissions charged on all assets - up to 15% on standard trades and up to 10% on FTT The best conditions are available only to those who can deposit at least $500 Very limited range of charting tools and indicators on the platform Research and education trails most alternatives Limited transparency on the website
Awards
	Best Mobile Trading Platform - World Finance Awards 2021 Best Investment Broker - The Forex Awards 2021 Best FX Trading Platform - Forex Expo 2020
Instruments
CFDs, Multipliers, Forex, Stocks, Indices, Commodities	Forex, CFD, Stocks, Indices, Commodities, Crypto, ETFs, OTC, Fixed Time Trades
Demo Account
Yes	Yes
Minimum Deposit
$5	$10
Trading Platforms
Deriv Trader Deriv X MT5 TradingView	Olymp Trade Platform
Payment Methods
Volet Airtm AstroPay Banxa Boleto Credit Card Diners Club FasaPay JCB Card JetonCash Maestro Mastercard Neteller Paysafecard Paytrust Perfect Money Przelewy24 Skrill Sticpay Trustly Visa WebMoney Wire Transfer	Bitcoin Payments Credit Card Debit Card Mastercard Neteller Perfect Money Skrill UnionPay Visa Wire Transfer
Minimum Trade
0.01 Lots	$1
Regulator
MFSA, LFSA, VFSC, BFSC	VFSC
Margin Trading
Yes	No
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
No	No
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
iOS & Android	Android & Windows
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.
Android App Rating
4.5
iOS App Rating
4.2
Auto Trading
Expert Advisors (EAs) on MetaTrader, DBots
Copy Trading
Yes	No
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.
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	No
Inactivity Fee
$25	$10
Islamic Account
No	Yes
Account Currencies
USD EUR GBP AUD	USD
Stock Exchanges
Australian Securities Exchange (ASX) Dow Jones Japan Exchange Group Nasdaq New York Stock Exchange	CAC 40 Index France DAX GER 40 Index FTSE UK Index Hang Seng Japan Exchange Group Nasdaq Russell 2000 S&P 500
Commodities
Gold Oil Precious Metals Silver	Gold Natural Gas Oil Platinum Precious Metals Silver
CFD Trading
You can trade CFDs on popular markets, including the broker's exclusive synthetic indices which are available 24/7. There are plenty of charting tools available for technical traders, including over 20 indicators in the Deriv Trader platform. New users can also open an account and start trading CFDs instantly.	You can speculate on a small range of CFDs covering popular asset classes such as forex, indices, commodities, cryptos and ETFs. Whilst prices trail the best brokers, the CFD trading platform is a compelling solution for beginners looking for simplicity, and you can get started with just $10.
Leverage
1:1000
FTSE Spread
0.5
GBPUSD Spread
0.5
Oil Spread
0.018
Stocks Spread
0.07
Forex Trading
Clients can go long or short on a string of major, minor and exotic currency pairs. Spreads on EUR/USD are competitive at 0.5 pips, only marginally trailing the 0.4-pip spreads at alternatives like Alpari. Forex CFDs are available via MT5 and multipliers on the broker's beginner-friendly DTrader.	Olymp Trade offers the industry average of around 30 currency pairs. Spreads came in at 1.1 pips for EUR/USD during tests, which is not the most competitive compared to leading brands like AvaTrade (0.9 pips). That said, experienced traders can access multipliers up to x500 on major pairs.
GBPUSD Spread
0.5
EURUSD Spread
0.5	1.1
EURGBP Spread
0.5
Assets
30+	30+
Currency Indices
	USD
Cryptocurrency
Deriv.com continues to offer a strong selection of 30+ crypto pairs - this is more than double the range offered at our leading competitor, IQ Cent. 1:2 leverage is also available so you can magnify potential returns, and there are no commissions which is ideal for newer day traders.	Olymp Trade offers a handful of leading cryptos like Bitcoin and Ethereum. The Basic Altcoin Index is also a great addition, offering broader exposure to the currency market for those that don't want to put all their money in one crypto.
Spread
From 0.5	Variable
Coins
BTC LTC ETH USDT USDC	BTC ETH LTC DASH AVX BNB BCH LNK DOGE GLM SOL XTZ XRP ADA DASH EOS KSM MAT DOT XLM UNI
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.	Olymp Trade offers fixed time trades (FTT) on a diverse but modest range of markets, from OTC currencies to composite indices. FTT commissions are charged between 5%-10% and you can trade with ultra-short time frames from 5 seconds. Payouts are available up to 93% for those who can afford the $2000 'Expert' status deposit.
Payout
100%	93%
Expiry Times
15 seconds to 365 days	5 seconds - 23 hours
Ladder Options
Yes	No
Boundary Options
Yes	No

Review	Review