Deriv vs eToro - Fees Review included
Which broker is better Deriv or eToro? 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 7.2 out of 10. eToro is one of the top brokers in the financial market with the TU Overall Score of 7.18 out of 10. Find out more about TU Overall Score.
| Feature | Deriv | eToro |
|---|---|---|
Overall |
1.5 |
4.8 |
1.5 |
5.0 |
|
1.7 |
4.7 |
|
1.6 |
4.9 |
|
Investment Instruments |
1.8 |
5.0 |
Platforms and Charting Tools |
1.4 |
4.1 |
Deposit and Withdrawal |
1.8 |
4.5 |
Research |
1.4 |
5 |
Education |
1.3 |
4.3 |
Support |
1.2 |
4.2 |
Bonuses |
1.3 |
1 |
|
|
|
Deriv vs eToro: 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 eToro broker is a very popular online platform for trading. Founded in 2007, the company operates as a social trading website that works with traders in dozens of countries.
| Deriv | eToro | |
|---|---|---|
| Overall Pros | Low level of the minimum deposit. | Mobile app for trading from smartphones |
| A wide range of payment agents for replenishment of the deposit and withdrawal of earned funds. | Highly licensed and regulated broker | |
| Availability of trading instruments of different groups: currency pairs, stocks, indices, metals, etc. | eToro charges a fixed withdrawal fee of $5 USD | |
| Broker regulation by several authorities from different countries. | The traders have access to the following trading offers: a copy trading service and ready-made portfolios with semi-automatic diversification | |
| Round-the-clock client support. | The funds of eToro clients are held at the licensed US banks | |
| Choice of three convenient trading platforms. | ||
| No commission for maintaining a trading account and using its platforms. | ||
| Overall Cons | The tutorials provided on the site may not be enough for novice traders. | Customer support can be only contacted by tickets |
| Deriv has only a few ways to contact support. | ||
| The broker does not serve clients from several countries, such as the USA, Canada, Malaysia, Israel, and others. |
Deriv vs eToro: Safety and Regulation
| Deriv | eToro | |
|---|---|---|
Max. Regulation Level |
Tier-2 |
Tier-1 |
Investor protection |
€20,000 |
£85,000 €20,000 |
FCA UK Regulation |
No |
Yes |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
No |
Yes |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
No |
No |
BVI FSC |
Yes |
No |
VFSC |
Yes |
No |
FSA (Seychelles) |
No |
Yes |
Deriv vs eToro: Trading Conditions
| Trading Conditions | Deriv | eToro |
|---|---|---|
Minimum Deposit |
$10 |
$50 |
Trading Platforms |
Deriv MT5, Deriv X, DTrader, SmartTrader, DBot |
eToro |
Max Leverage (Futures) |
1-1000 |
1:30 |
Supported Markets |
Currency pairs, cryptocurrencies, CFDs, indices, stocks, synthetic indices, commodities |
Forex, Stocks, Indices, Commodities, Crypto |
Trading assets |
218+ |
1000+ |
Trading Accounts |
Real account, demo account |
Standard, Demo |
Base Account Currencies |
Deriv MT5, Deriv X, DTrader, SmartTrader, DBot |
USD |
Deriv vs eToro: Fees
| Deriv | eToro | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,5 |
0,3 |
Standard acc. spread EUR/USD, max pips |
0,8 |
1,1 |
ECN Commission |
||
ECN Spread EUR/USD |
||
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
No |
5 |
Inactivity fee, $ |
25 |
10 |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Deriv vs eToro: Trading Assets
| Asset Name | Deriv | eToro |
|---|---|---|
Overall |
218+ |
1000+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes |
Metals |
Yes |
Yes |
Cryptocurrencies |
Yes (CFD) |
Yes |
Energy |
Yes |
Yes (CFD) |
Indices |
Yes |
Yes |
ETFs |
No |
Yes |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
Deriv or eToro: Investment Programs
| Asset Name | Deriv | eToro |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: eToro or Deriv
| Deriv | eToro | |
|---|---|---|
MT4 |
No |
No |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
DTrader |
eToro |
Others |
SmartTrader |
No |
|
|
|
Deriv vs eToro: Deposit and Withdrawal Methods
| Deriv | eToro | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
Yes |
Yes |
Deriv vs eToro: Research
| Research Type | Deriv | eToro |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
Yes |
Deriv vs eToro: Education
| Education Type | Deriv | eToro |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
No |
eToro vs Deriv: Support
| Support Features | Deriv | eToro |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
No |
No |
Online chat |
Yes |
Yes |
Other |
No |
No |
Deriv vs eToro: Forex Bonuses and Promo
| Promo | Deriv | eToro |
|---|---|---|
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. |
$100-250 per trader |
Other Promos |
No |
|
|
|
|
Top 5 Reviews on eToro
-
Comment
I’ve been familiar with the broker eToro for over a year, looking for a platform with extensive features for copy trading and the ability to buy stocks in small lots. The minimum deposit is $50, which is affordable, but spreads start at 1.0 pip — not the lowest in the market. I liked that the broker is regulated by CySEC and FCA, and has over 20 million clients worldwide. During this time, I tried buying fractional shares and investing in cryptocurrencies — the platform makes this quite convenient, although the website can be slow at times. I consider eToro more of a universal platform for passive investing than for frequent trading.
-
Comment
The broker offers only one account currency — USD. It supports trading across a wide range of assets, including currencies, stock indices, commodities, and cryptocurrencies. Deposits can be made via cards, Skrill, PayPal, and even YooMoney. Some nuances include a withdrawal fee, an STP model without ECN, and a lack of advanced analytical tools on the website. Despite these aspects, eToro consistently maintains its position in international rankings.
-
Comment
eToro is suitable for investors who want to copy successful traders. It offers the Popular Investor feature, where you can earn up to 2% of the copied volume. The platform is fully web-based and mobile-friendly, with a low entry threshold. The downside is the high spreads and a limit of 100 copiers per lead trader. There’s also no option to use expert advisors or algorithms.
-
Comment
I opened an account on eToro with the minimum deposit of $50, and the platform's interface turned out to be convenient, especially in terms of copy trading. The minimum amount for copy trading is only $1, which makes it easy to start. The available instruments include stocks, currencies, commodities, and cryptocurrencies. On the downside, there is no MT4/MT5, and withdrawals cost $5. Also, the number of followers is limited — a maximum of 100 traders can copy one.
-
Comment
Been using eToro for full year and here is my impartial review of the broker: Most compatible for trading stocks with its zero-fee structure for securities, but charges high for crypto + high spread for forex Order fulfillment is fast and glitches rarely happen. If they do, their customer service agent will promptly reach out to explain the issue and find a common ground to solve it Great for portfolio diversification with the availability of thousands of tradable assets Simple trading terminal with a number of good features e.g. copy trading, social trading, etc No deposit fee + $5 fee for withdrawals (regardless of the amount) Has a lot of ancillary charges such as inactivity fee, currency conversion fee, and overnight fee
Top 5 Reviews on Deriv
-
Comment
I chose Deriv because of its wide automation capabilities — I tested trading robots on the DBot platform. In just one week, I set up a simple bot for volatility trading, and it’s been consistently generating $3–$7 per day. Over a month, the bot brought in a total profit of $125, which I successfully withdrew via e-wallet. Deriv definitely impressed me with how easy automation is.
-
Comment
I found Deriv through reviews on Traders Union and haven’t regretted it — the company is truly international, operating under licenses from the MFSA, LFSA, and other regulators. I was especially impressed by the DTrader platform: simple interface, a wide selection of indicators, and easy chart customization. I opened trades on Forex and synthetic indices, and in the first month, I managed to earn $70, even though I started with the minimum deposit.
-
Comment
I opened an account with Deriv earlier this year, attracted by the low spreads and a minimum deposit of just $5. I started out trading on a demo account, but later deposited $50 into a real account. What I liked is that Deriv offers over 200 assets, including currencies, cryptocurrencies, indices, and synthetic instruments. After three months of active trading, I was able to withdraw my first profit of $180 via Skrill — the withdrawal was processed within a day and without any fees.
-
Comment
Deriv stands out for its unique instruments like synthetic indices and futures, which are available 24/7 without weekend breaks. The MT5 platform runs smoothly, and there are convenient web versions like DTrader and a mobile app. Deposits and withdrawals start from just $5, with minimal transaction fees. Over the past month, I made three withdrawals — each time the funds arrived within one business day. Deriv also offers educational courses and analytics that truly help beginners get up to speed quickly. I recommend Deriv for its reliability and wide range of instruments.
-
Comment
Deriv offers excellent conditions for mobile trading: the app runs smoothly on all devices, and all features fully mirror the web platform. For beginners, there’s a $10,000 demo account available to test any strategies risk-free. Spreads on major instruments start from 0.5 pips, and execution speed is high — I haven’t experienced any delays. I regularly take part in Deriv competitions, which offer the chance to win bonuses and no-deposit credits. After a year of trading with Deriv, I managed to grow my account from $50 to $700, and I’ve never had any issues with verification or customer support.
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.