Deriv vs CMTrading - Fees Review included
Which broker is better Deriv or CMTrading? Our expert assessment conducted according to TU’s own methodology showed that Deriv is one of the top brokers in the financial market with the TU Overall Score of 8.42 out of 10. CMTrading is one of the top brokers in the financial market with the TU Overall Score of 4.24 out of 10. Find out more about TU Overall Score.
| Feature | Deriv | CMTrading |
|---|---|---|
Overall |
1.5 |
1.9 |
1.5 |
2.1 |
|
1.7 |
1.9 |
|
1.6 |
1.6 |
|
Investment Instruments |
1.8 |
1.3 |
Platforms and Charting Tools |
1.4 |
1.8 |
Deposit and Withdrawal |
1.8 |
2.4 |
Research |
1.4 |
2.3 |
Education |
1.3 |
2.1 |
Support |
1.2 |
2.4 |
Bonuses |
1.3 |
1.4 |
|
|
|
Deriv vs CMTrading: Pros and Cons
Deriv is a brokerage company that started its activities in 1999. Deriv's mission is to make trading accessible. For this reason, the company has low minimum deposit requirements, but high-quality working conditions. DTrader is one of the broker's several proprietary trading platforms. Two others are DBot and DMT5. Deriv offers its clients to trade Forex assets, stocks, indices (including synthetic ones), CFDs, commodities, and options. Deriv is an international broker licensed and regulated by the following bodies: UK Financial Conduct Authority (FCA), Vanuatu Financial Services Commission (VFSC), Malta and Labuan Financial Services Authority (MFSA and Labuan FSA). The rights of traders are guarded by the Financial Commission, of which Derive is also a member.
The CM Trading broker has been providing financial services in the international Forex market since 2012. The company is focused on working with active traders and provides optimal trading conditions. CM Trading allows advisors, provides a vast array of instruments for market analysis, and its seasoned professionals always have your back. CM Trading is regulated by the FSCA (Financial Sector Conduct Authority of South Africa) and the FCA (Financial Conduct Authority of Seychelles).
| Deriv | CMTrading | |
|---|---|---|
| Overall Pros | Low level of the minimum deposit. | A vast array of trading accounts, including ECN accounts and an Islamic account. |
| A wide range of payment agents for replenishment of the deposit and withdrawal of earned funds. | The presence of a service for copying transactions, which allows you to receive passive income. | |
| Availability of trading instruments of different groups: currency pairs, stocks, indices, metals, etc. | Tons of training materials and instruments for market analysis. | |
| Broker regulation by several authorities from different countries. | Segregated accounts are used to store clients’ funds and the broker does not have access to them. | |
| Round-the-clock client support. | For trading, you can use built-in advisors or those offered by the MT4 platform. | |
| Choice of three convenient trading platforms. | Fast registration procedure on the site. | |
| No commission for maintaining a trading account and using its platforms. | Demo account availability. | |
| Overall Cons | The tutorials provided on the site may not be enough for novice traders. | The minimum deposit amount is 250 EUR or USD, which is not always a top-tier option for beginners. |
| Deriv has only a few ways to contact support. | Trading accounts can be opened in only two currencies: euros or US dollars. | |
| The broker does not serve clients from several countries, such as the USA, Canada, Malaysia, Israel, and others. | The broker offers a small number of payment systems for deposits and withdrawals. |
Deriv vs CMTrading: Safety and Regulation
| Regulated By: | Deriv | CMTrading |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
VFSC, MFSA and Labuan FSA |
FSCA, FCA (Seychelles) |
Deriv vs CMTrading: Trading Conditions
| Trading Conditions | Deriv | CMTrading |
|---|---|---|
Minimum Deposit |
$10 |
$250 |
Trading Platforms |
Deriv MT5, Deriv X, DTrader, SmartTrader, DBot |
MetaTrader 4, Sirix, mobile applications for Android and iOS, Web version for trading from a browser |
Max Leverage (Futures) |
1-1000 |
1-200 |
Supported Markets |
Currency pairs, cryptocurrencies, CFDs, indices, stocks, synthetic indices, commodities |
Currency pairs, indices, cryptocurrencies, commodities, CFDs |
Trading assets |
218+ |
150+ |
Trading Accounts |
Real account, demo account |
Bronze Account, Silver Account, Gold Account, Premium Account, ECN Accounts, Islamic Account |
Base Account Currencies |
Deriv MT5, Deriv X, DTrader, SmartTrader, DBot |
USD, EUR |
Deriv vs CMTrading: Fees
Forex Trading Fees
| Fee | Deriv | CMTrading |
|---|---|---|
Standard Account EURUSD Average Spread |
0.1 pips |
1.50 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
$0 |
ECN Account EUR Average Spread |
Not supported |
0,2 pips |
CFD Trading Fees
| Fee | Deriv | CMTrading |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | Deriv | CMTrading |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
Wire Transfer - 2% on exchange rate only for Nedbank; Debit or credit card/Electronic wallets/Crypto - 0% |
Withdrawal Fee |
No |
Wire Transfer - $20-$50.99 fees $2 $51-$299.99 fees $5 $300+ fees $8; Ozow (Only ZAR), Mpesa (Only KSH) - Conversion Fee 4%; Skrill/Neteller 0%; Debit card - 0% Credit card - 4%, Crypto - 4% |
Inactivity Fee |
$25 charged every six months of inactivity |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Deriv vs CMTrading: Trading Assets
| Asset Name | Deriv | CMTrading |
|---|---|---|
Overall |
218+ |
150+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes |
Yes (CFD) |
Indices |
Yes |
Yes (CFD) |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
Deriv or CMTrading: Investment Programs
| Asset Name | Deriv | CMTrading |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: CMTrading or Deriv
| Deriv | CMTrading | |
|---|---|---|
MT4 |
No |
Yes |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
DTrader |
No |
Others |
SmartTrader |
SiriX |
|
|
|
Deriv vs CMTrading: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Deriv | CMTrading |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
Yes |
Yes |
Deriv vs CMTrading: Research
| Research Type | Deriv | CMTrading |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
No |
Deriv vs CMTrading: Education
| Education Type | Deriv | CMTrading |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
Yes |
No |
Videos |
Yes |
Yes |
Cent account |
No |
No |
CMTrading vs Deriv: Support
| Support Features | Deriv | CMTrading |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
Deriv vs CMTrading: Forex Bonuses and Promo
| Promo | Deriv | CMTrading |
|---|---|---|
Forex Bonus |
No |
No |
Affiliate Program |
Deriv’s affiliate program is presented in three types: a trader can (i) receive additional earnings for the monthly income of his referees, (ii) for the probability of payments on options, as well as (iii) for inviting new users to the Deriv broker. |
For teachers and colleagues in the field. The program is open to traders who have experience in training traders, as well as EA developers, business referrers, and signal providers; For professionals in fund management. Traders with extensive experience in the stock markets, financial managers, or investment consultants can become partners. The partner should have its own customer network. |
Other Promos |
||
|
|
|
Top 5 Reviews on CMTrading
-
Comment
I think that CMTrading is reliable and has good conditions. The company has been offering brokerage services to access the Forex market for a very long time. CMTrading has created good conditions for both experienced and novice traders. Its trading platform is fast, spreads are low, and support service is professional.
-
Comment
CMTrading draws quotes. I have already noticed several times that suddenly, out of the blue, spikes that destroy my stops appear. I wrote to technical support several times, but the answer was the same - everything is in accordance with the regulations. And CMTrading doesn’t even take responsibility for the fact that no one else has such quotes.
-
Comment
Cmtrading is a scam. When I first started my trading journey, I encountered fake traders who offered me their advice. Initially, they showed income that seemed inexplicably high. I think that this happened due to manipulations with the balance, thereby constantly pushing me to deposit large amounts. Then they gave advice that led to the loss of all capital. Don't deal with Cmtrading.
-
Comment
I am very disappointed with CMTrading. I am trying to get my money back that is stuck with this broker and so far there is no success. CMTrading treats clients as providers of money. At first, my complaint regarding the cancellation of profits on 5 orders was rejected. Now CMTrading does not want to withdraw my deposit and requires me to pass verification, although I passed it three times.
-
Comment
CMTrading looks like a good broker. But this is only when you trade on a demo account. As soon as you switch to a live one, the conditions immediately change significantly. Limit orders do not work during strong market movements. I set a limit order to sell the EUR/USD pair. The price touched my order twice, but it never opened. I think that I need to change CMTrading to another broker.
Top 5 Reviews on Deriv
-
Comment
I think Deriv is not the worst broker out there. They focus on futures contracts in the form of options and derivatives. The platform is quite different from what we're used to, but you get used to it over time. Order processing is fast, and I haven't noticed any major issues with the platform. Overall, Deriv offers decent conditions.
-
Comment
I'm still learning how the deriv platform works. The reviews are mostly positive, but I don't want to get into a difficult situation. I'm trading on demo for now. Moreover, I’m still new to trading, I’m just trying to learn. Deriv's technical support is good, they answer my questions professionally.
-
Comment
I learned about Deriv three years ago. The first impression was not very good, but then I started trading with this company. Now, I think that this is a really good broker. Opening trades is very easy, there are no price manipulations, and profitability is high. So I recommend this broker!
-
Comment
If you want to start trading Forex, Deriv is the broker where you should do it. Deposits and withdrawals are fast, you trade on the interbank market, and there are educational materials. Try it, choose a normal company like this one and make money. I haven’t traded with large amounts, because I’m not entirely confident in myself yet.
-
Comment
Deriv is a good company. I’ve been trading here for 4 months now, and I have no complaints about performance and operation of the platform. User account is convenient. I strongly recommend it.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.