When choosing a broker, traders often compare different platforms to find the best fit. Two popular names that often come up are Deriv.com and Exness. Both are known for their user-friendly platforms, competitive trading conditions, and a wide variety of trading instruments. However, which one should you choose?
In this article, we’ll provide an in-depth comparison of Deriv.com vs Exness, covering key aspects like platform features, trading conditions, and customer support. This guide will help you make an informed decision.
Here’s a comparison table, detailing the key features of Deriv.com and Exness:
| Feature | Deriv.com | Exness |
|---|---|---|
| Year Established | 2020 (originally Binary.com) | 2008 |
| Regulation | MFSA (Malta), VFSC (Vanuatu) | FCA (UK), CySEC (Cyprus), FSA (Seychelles) |
| Trading Platforms | DTrader, DBot, SmartTrader, MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Minimum Deposit | $5 | $1 (Standard), Higher for Pro accounts |
| Spreads | From 0.5 pips | From 0.0 pips (Raw Spread and Zero accounts) |
| Leverage | Up to 1:1000 | Up to 1:2000 (region-dependent) |
| Account Types | Standard, Financial STP, Synthetic Indices | Standard, Raw Spread, Zero, Pro |
| Commission | None on most trades | Yes, on Raw Spread and Zero accounts |
| Instruments | Forex, Commodities, Stocks, Indices, Synthetic Indices | Forex, Commodities, Cryptocurrencies, Indices |
| Demo Account | Yes | Yes |
| Customer Support | 24/7 live chat and email | 24/7 live chat, phone support |
| Best For | Beginners and traders looking for synthetic indices | Experienced traders and scalpers |
Overview of Deriv.com and Exness
Deriv.com Overview
Deriv.com is a relatively new name in the online trading industry but stems from Binary.com, a well-established broker. Launched in 2020, Deriv.com offers a range of trading options including forex, commodities, stocks, and indices. It is well-known for its user-friendly platform, low starting capital, and a variety of financial instruments to trade. Deriv also allows trading through its proprietary platforms, such as DTrader, DBot, and SmartTrader, along with the popular MetaTrader 5 (MT5).
Key Features of Deriv.com:
- Wide range of trading instruments: Forex, commodities, stocks, indices, and synthetic indices.
- Proprietary platforms: DTrader, DBot, and SmartTrader, plus MetaTrader 5.
- Low minimum deposit: Starts at just $5.
- Demo account available: Ideal for new traders to practice without risks.
- Regulation: Licensed by several regulatory authorities, including the Malta Financial Services Authority (MFSA) and the Vanuatu Financial Services Commission (VFSC).
Exness Overview
Exness is a well-known broker that has been in the industry since 2008. It has gained a reputation for providing stable trading conditions, a variety of account types, and competitive spreads. Exness offers access to several financial instruments including forex, cryptocurrencies, metals, and indices. One of its key selling points is its reliability, with stable server performance and access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.
Key Features of Exness:
- Multiple account types: Standard, Raw Spread, Zero, and Pro accounts.
- Low spreads: Competitive spreads, starting from 0.0 pips on some accounts.
- High leverage: Up to 1:2000 (for retail clients from certain regions).
- MetaTrader platforms: Both MT4 and MT5 are available.
- Regulation: Licensed by several top-tier regulators, including the Financial Conduct Authority (FCA) and Cyprus Securities and Exchange Commission (CySEC).
Platform Comparison: Deriv.com vs Exness
Trading Platforms
- Deriv.com offers three proprietary platforms (DTrader, DBot, and SmartTrader) in addition to MetaTrader 5 (MT5). The proprietary platforms are tailored for different types of traders. For instance, DTrader offers a simple, customizable interface, while DBot is designed for automated trading.
- Exness supports the highly popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are known for their advanced features, custom indicators, and charting tools, making them a go-to choice for experienced traders.
Verdict: If you prefer MetaTrader platforms, both brokers offer MT5, but Exness has the added benefit of MT4, which is still a favorite among many traders. Deriv’s proprietary platforms might appeal to beginners or those looking for specialized trading experiences.
Minimum Deposit
- Deriv.com offers an incredibly low minimum deposit of just $5, making it accessible to a wide range of traders, including beginners.
- Exness has a flexible minimum deposit depending on the account type. For Standard accounts, the minimum deposit starts at $1, while for Pro accounts, it might go higher.
Verdict: Deriv.com has a slight edge for beginners due to its consistent $5 minimum deposit, while Exness offers more flexibility based on your account preference.
Fees and Spreads
Deriv.com Fees and Spreads
Deriv.com has competitive spreads, starting from 0.5 pips on major forex pairs. The broker does not charge commissions on most trades, making it a cost-effective option. However, the spreads on some financial instruments may vary depending on market conditions.
Exness Fees and Spreads
Exness offers tight spreads starting from 0.0 pips on Raw Spread and Zero accounts, making it attractive to scalpers and high-frequency traders. Additionally, Exness charges commissions on certain account types like the Raw Spread and Zero accounts.
Verdict: Exness generally offers lower spreads, especially for professional accounts, but Deriv.com remains competitive for beginners with no commission fees.
Leverage
- Deriv.com offers up to 1:1000 leverage, which allows traders to control larger positions with a smaller capital investment.
- Exness provides variable leverage up to 1:2000, though this may be limited based on regulatory restrictions in certain regions.
Verdict: Exness takes the lead here with higher leverage, but Deriv.com still offers substantial leverage for most traders.
Regulation and Security
Both Deriv.com and Exness are regulated by reputable authorities. However, Exness is regulated by top-tier entities such as the FCA (UK) and CySEC (Cyprus), giving it a higher level of trust for some traders.
Deriv.com Regulation:
- MFSA (Malta)
- VFSC (Vanuatu)
Exness Regulation:
- FCA (UK)
- CySEC (Cyprus)
- FSA (Seychelles)
Verdict: Exness wins this round due to regulation by top-tier authorities like the FCA and CySEC, although Deriv.com is still a safe choice with its multiple licenses.
Customer Support
- Deriv.com offers 24/7 customer support via live chat and email. There is also a detailed help center on their website.
- Exness provides 24/7 customer support in multiple languages. In addition to live chat, they offer phone support, which can be helpful for urgent inquiries.
Verdict: Both brokers offer round-the-clock support, but Exness has a slight advantage due to phone support and availability in more languages.
Account Types
- Deriv.com offers three main account types: the Standard account, Financial STP account, and Synthetic Indices account.
- Exness provides more variety, with Standard, Raw Spread, Zero, and Pro accounts. This allows traders to choose an account based on their specific needs and strategies.
Verdict: Exness offers more account types, which may appeal to traders looking for flexibility and choice.
Final Verdict: Deriv.com vs Exness
Both Deriv.com and Exness are excellent brokers, but they cater to slightly different audiences.
- Choose Deriv.com if you are a beginner or prefer trading on user-friendly platforms with a low minimum deposit. Deriv.com’s proprietary platforms also offer unique trading experiences, especially with synthetic indices.
- Choose Exness if you are an experienced trader looking for tighter spreads, higher leverage, and a broader range of account types. Exness also has the edge in regulation, making it a solid choice for traders who prioritize security and regulatory oversight.
In the end, your choice should depend on your trading experience, strategy, and what features matter most to you.
Frequently Asked Questions
- Which broker is better for beginners, Deriv.com or Exness?
- Deriv.com is better for beginners due to its low minimum deposit and easy-to-use platforms.
- Does Exness offer lower spreads than Deriv.com?
- Yes, Exness generally offers tighter spreads, especially on Raw Spread and Zero accounts.
- Which broker offers higher leverage?
- Exness offers higher leverage, up to 1:2000, compared to Deriv.com’s maximum leverage of 1:1000.
By understanding the key differences between Deriv.com vs Exness, you can make a more informed choice and select the broker that best fits your trading needs.
Editorial Staff at Chweya is a team of financial experts led by Vincent Nyagaka, with over 9 years of experience in finance, commerce, forex, crypto, and marketing. Started in 2014, Chweya is now among the largest free financial resource sites in the industry and is often referred to as Wikipedia for business.