IQ Option vs Deriv
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, IQ Option currently holds a stronger overall rating (4.4) than Deriv (4.2).
IQ Option has a higher minimum deposit than Deriv, at 10.0.
Both platforms offer their clients demo accounts, mobile trading, scalping.
Traders should note that
both companies offer the same minimum lot size 1.0, but IQ Option has a maximum lot size of 20000.0, while Deriv offers 100000.0.
IQ Option offers a lower maximum leverage of 1:500, whereas Deriv allows trading with up to 1:1000.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 10.0 | 5.0 |
| Commission | 0.0 | 0.0 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 1.0 | 1.0 |
| Maximum lot size | 20000.0 | 100000.0 |
| Spread | Variable | Variable |
| Broker type | Dealing Desk | Market Maker |
| Maximal leverage (1:?) | 500 | 1000 |
| Availability | Dealing Desk | Market Maker |
| Regulation | CySEC (Cyprus) | FSC (British Virgin Islands), MFSA (Malta), VFSC (Vanuatu), LFSA (Labuan) |
| Trading Platforms | Web Platform, Mobile Platform | MetaTrader 5 (MT5), cTrader, Deriv GO, Deriv Trader, SmartTrader, Deriv Bot |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Check, Online Check, WebMoney, cashU, Neteller, Skrill, FasaPay, Qiwi, Bitcoin, WeChat Pay, iDeal, Sofort Banking | Wire Transfer, Credit Card, Debit Card, Perfect Money, WebMoney, cashU, Neteller, UnionPay, Skrill, FasaPay, Qiwi, Bitcoin, Multiple local methods |
| Account Currency | USD, GBP, EUR, ZAR, RUB | USD, GBP, EUR, AUD, BTC |
| Languages | English, Spanish, French, German, Portuguese, Italian, Greek, Russian, Chinese, Bangla, Polish, Indonesian, Thai, Arabic, Vietnamese, Dutch, Swedish, Urdu, Hindi, Czech, Latvian, Romanian | English, Spanish, French, German, Portuguese, Italian, Russian, Chinese, Polish, Indonesian, Thai, Arabic, Vietnamese, Korean, Hindi, Turkish, Persian, Taiwanese, Sinhala, Kiswahili |
| Country | Antigua and Barbuda | Malta |
| Trading platform(s) timezone | Antigua and Barbuda | United Arab Emirates, Cyprus, Malta, Malaysia, Paraguay, Rwanda |
| Other trading instruments | Stocks, Options, Indices, Commodities, Energies, Shares, CFDs, Cryptocurrency, Precious Metals | Stocks, Options, Indices, Commodities, Energies, Shares, CFDs, Cryptocurrency, Precious Metals, ETFs |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
