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Deriv
#2 in our binary options broker rankings
Accepts traders from Azerbaijan
Rating breakdown
- Regulation & trust3.51.0 lower than XM (4.5)
- Assets & markets4.80.3 higher than XM (4.5)
- Fees & costs3.50.5 lower than XM (4.0)
- Platforms & tools4.50.3 lower than XM (4.8)
- Accounts & banking4.00.5 lower than XM (4.5)
- Education3.81.0 lower than XM (4.8)
- Research2.51.8 lower than XM (4.3)
- Customer support3.81.1 lower than XM (4.9)
XM’s score. Numbers show the difference.
XM
#1 in our CFD broker rankings
Accepts traders from Azerbaijan
76.15% of retail accounts lose money.
Rating breakdown
- Regulation & trust4.51.0 higher than Deriv (3.5)
- Assets & markets4.50.3 lower than Deriv (4.8)
- Fees & costs4.00.5 higher than Deriv (3.5)
- Platforms & tools4.80.3 higher than Deriv (4.5)
- Accounts & banking4.50.5 higher than Deriv (4.0)
- Education4.81.0 higher than Deriv (3.8)
- Research4.31.8 higher than Deriv (2.5)
- Customer support4.91.1 higher than Deriv (3.8)
Deriv’s score. Numbers show the difference.
| Deriv | XM | |
|---|---|---|
| Overview | 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. | XM is a globally recognized forex and CFD broker with 20+ million clients in 190+ countries. Since 2009, this trusted broker has been delivering low trading fees across its growing roster of 1000+ instruments. It also offers a comprehensive MetaTrader experience that we've observed firsthand placing test trades. |
| Customer Reviews | Based on 4 customer reviews | Based on 55 customer reviews |
| Trustpilot Score | ||
| Bonus Offer | – | $30 No Deposit Bonus, 100% Deposit Bonus |
| Promotions | – | |
| Comment by Reviewer | “Deriv is ideal for active traders seeking alternative ways to speculate on global financial markets, from binaries, 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. It remains one of the most trusted, longest-standing binary providers, earning the confidence of our team.” | “With a low $5 minimum deposit, advanced charting platforms in MT4 and MT5, expanding range of markets, and a Zero account offering spreads from 0.0, XM provides all the essentials for active traders.” |
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| Instruments | CFDs, Multipliers, Accumulators, Synthetic Indices, Forex, Stocks, Options, Commodities, ETFs | CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies |
| Demo Account | Yes | Yes |
| Minimum Deposit | $5 | $5 |
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| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | MFSA, LFSA, BVIFSC, VFSC, FSC | CySEC, DFSA, FSCA, SCA, FSA, FSC-Belize, FSC-Mauritius, CMA-Kenya, CMA-UAE |
| 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 | Yes | Yes |
| Robo Advisor | No | No |
| Negative Balance Protection | Yes | Yes |
| Market Maker | Yes | Yes |
| P2P Trading | No | No |
| Spot Trading | Yes | Yes |
| Mobile Apps | Android, iOS (plus progressive web app) | iOS, Android & Windows |
| App Review | Deriv excels with its straightforward app design, enhanced in 2025 with streamlined position management and clearer contract details, alongside its 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. These all helped Deriv secure DayTrading.com's 'Best Trading App' award in 2025. | XM offer a mobile app for both Android and iOS that has been specifically tailored to each platform, maximizing the functionality of both. The app delivers the MT4 and MT5 software on the move, with full access to the broker’s 1,400+ instruments. Where they shine is their dependability with minimal glitches and delays during testing. The built-in news, trading journal and push notifications also ensure you have everything you need to day trade from your hand. |
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| Auto Trading | Expert Advisors (EAs) on MetaTrader, DBots | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | No | Yes |
| Copy Trading Platform | – | XM offers copy trading through its intuitive app with exclusive crypto pairs. XM global offers a pre-integrated signals service via the MT5 platform. Aspiring investors can view detailed performance metrics and copy the trades of strategy managers. It's easy to set up, only requiring a handful of steps after logging in to your MQL5 community account. |
| Social Trading | No | Yes |
| Trade Signals | Yes | Yes |
| VPS Hosting | No | Yes |
| Tournaments | No | Yes |
| Demo Competitions | No | Yes |
| Ethical Investing | No | No |
| Custodial Account | No | No |
| Guaranteed Stop Loss | No | No |
| Inactivity Fee | $25 | $5 |
| Islamic Account | Yes | Yes |
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| CFD Trading | ||
| Overview | 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. | XM delivers for CFD traders with flexible leverage and a huge range of markets, including bespoke thematic indices for exposure to popular sectors like artificial intelligence. The MT4/MT5 platforms are also fast and dependable while a free VPS is available to qualifying XM traders running algo trading strategies. |
| Leverage | 1:1000 (varies by region) | 1:1000 |
| FTSE Spread | 1.28 | 1.4 |
| GBPUSD Spread | 1.4 | 0.8 |
| Oil Spread | 0.02 | 0.03 |
| Stocks Spread | 0.59 (Apple) | 1.79 (Apple) |
| Forex Trading | ||
| Overview | 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 Deriv Trader. | XM offers a strong selection of currency pairs with no re-quotes or hidden charges, while spreads have come down over the years, now starting from 0.6 pips on the EUR/USD in the commission-free account. |
| GBPUSD Spread | 1.4 | 0.8 |
| EURUSD Spread | 1.4 | 0.8 |
| EURGBP Spread | 1.0 | 1.5 |
| Assets | 40+ | 55+ |
| Currency Indices | – |
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| Cryptocurrency | ||
| Overview | Deriv.com continues to offer a strong selection of 30+ crypto pairs - more than double the range offered by competitors like IQ Cent. It’s also one of the only binary providers to offer alternative ways to speculate on cryptos, including with leverage up to 1:2, doubling potential returns (and losses). Deriv Trader sports a slick interface with clean charting tools to analyze short-term crypto price movements. | XM offers a handful of cryptocurrencies against the USD via the South African entity only. These are tradable via CFDs with very high leverage up to 1:500, amplifying potential returns but also losses. You can day trade major tokens like Bitcoin, Ethereum and Ripple, though the suite of tokens trails the 100+ crypto derivatives at some category leaders. |
| Spread | From 0.5 | Variable |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |
| Binary Options | ||
| Overview | 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. | Binary options trading not offered |
| Payout | 100% | – |
| Expiry Times | 15 seconds - 365 days | – |
| Ladder Options | Yes | No |
| Boundary Options | Yes | No |