Deriv vs LiteForex - Fees Review included
Which broker is better Deriv or LiteForex? 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. LiteForex is one of the top brokers in the financial market with the TU Overall Score of 6.38 out of 10. Find out more about TU Overall Score.
Feature | Deriv | LiteForex |
---|---|---|
Overall |
1.5 |
4.4 |
1.5 |
4.8 |
|
1.7 |
3.7 |
|
1.6 |
3.8 |
|
Investment Instruments |
1.8 |
4.5 |
Platforms and Charting Tools |
1.4 |
4.5 |
Deposit and Withdrawal |
1.8 |
5 |
Research |
1.4 |
4 |
Education |
1.3 |
4.4 |
Support |
1.2 |
4.7 |
Bonuses |
1.3 |
4.1 |
|
|
Deriv vs LiteForex: 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 LiteForex broker is a high-tech company that constantly offers innovative solutions for active and passive trading. The LiteForex group of companies was incorporated in 2005, and it has risen through the ranks to become a market leader. Today, LiteForex is an online ECN broker with unique technical solutions for transferring transactions to the interbank and directly to liquidity providers.
Deriv | LiteForex | |
---|---|---|
Overall Pros | Low level of the minimum deposit. | Correspondence to the A-Book model, STP (straight-through processing) and ECN technologies for processing client orders and pin spreads with instant market execution with minimal slippage in both directions |
A wide range of payment agents for replenishment of the deposit and withdrawal of earned funds. | ||
Availability of trading instruments of different groups: currency pairs, stocks, indices, metals, etc. | ||
Broker regulation by several authorities from different countries. | ||
Round-the-clock client support. | ||
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. | |
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 LiteForex: Safety and Regulation
Regulated By: | Deriv | LiteForex |
---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
No |
Yes |
ASIC (Australia) |
No |
No |
Other Regulators |
VFSC, MFSA and Labuan FSA |
European MiFID directive (license No. 093/08) |
Deriv vs LiteForex: Trading Conditions
Trading Conditions | Deriv | LiteForex |
---|---|---|
Minimum Deposit |
$10 |
$50 |
Trading Platforms |
Deriv MT5, Deriv X, DTrader, SmartTrader, DBot |
MT4, MT5, MultiTerminal, Sirix Webtrader |
Max Leverage (Futures) |
1-1000 |
1-500 |
Supported Markets |
Currency pairs, cryptocurrencies, CFDs, indices, stocks, synthetic indices, commodities |
Forex, assets of stock and commodity markets, cryptocurrencies |
Trading assets |
218+ |
200+ |
Trading Accounts |
Real account, demo account |
Demo, Classic, ECN |
Base Account Currencies |
Deriv MT5, Deriv X, DTrader, SmartTrader, DBot |
USD, EUR, CHF, MBT |
Deriv vs LiteForex: Fees
Forex Trading Fees
Fee | Deriv | LiteForex |
---|---|---|
Standard Account EURUSD Average Spread |
0.1 pips |
1.8 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
$5 per lot |
ECN Account EUR Average Spread |
Not supported |
0.1 pips |
CFD Trading Fees
Fee | Deriv | LiteForex |
---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
Fee | Deriv | LiteForex |
---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
2-3% |
Inactivity Fee |
$25 charged every six months of inactivity |
0%. Accounts are archived after three months of inactivity but can be recovered |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Deriv vs LiteForex: Trading Assets
Asset Name | Deriv | LiteForex |
---|---|---|
Overall |
218+ |
200+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes |
Yes (CFD) |
Indices |
Yes |
Yes |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
Deriv or LiteForex: Investment Programs
Asset Name | Deriv | LiteForex |
---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: LiteForex or Deriv
Deriv | LiteForex | |
---|---|---|
MT4 |
No |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
DTrader |
No |
Others |
SmartTrader |
SiriX Webtrader |
|
|
Deriv vs LiteForex: Deposit and Withdrawal Methods
Deposit and Withdrawal Method | Deriv | LiteForex |
---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
Yes |
Yes |
Deriv vs LiteForex: Research
Research Type | Deriv | LiteForex |
---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
No |
Deriv vs LiteForex: Education
Education Type | Deriv | LiteForex |
---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
No |
LiteForex vs Deriv: Support
Support Features | Deriv | LiteForex |
---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
FB Messenger, Telegram |
Deriv vs LiteForex: Forex Bonuses and Promo
Promo | Deriv | LiteForex |
---|---|---|
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. |
This multilevel affiliate program allows you to get remuneration up to $50 for each client (referral) + 10% of the sub-partner's profit. |
Other Promos |
ZERO Fees — reimbursement to the trading account by the debited payment system for the transfer of a commission via replenishment or withdrawal |
|
|
|
Top 5 Reviews on LiteForex
-
Comment
I have been seeing post everywhere and a lot of people keep saying reach out to them and eventually I did and it turned out to be legit. now my lost bitcoin is recovered, they have the best bitcoin trading and funds recovery software, Thank you victimsrecoveryeducation@cyberservices.com
-
Comment
I'm happy with LiteForex. The quality of the trading platform is normal. There are requotes, but they are quite rare. I withdrew $500 for the first time without any delays. I can remember one negative thing: there was disconnection from the server, which lasted more than 3 minutes. LiteForex support has resolved this issue and I hope that there will be no more problems like this.
-
Comment
Lite Forex is a very bad broker. I traded with it last year and it kept getting worse and worse with each trade. Stop losses were placed due to the spontaneous expansion of spreads, increase and change into negative swaps on some popular trading assets. There were no good specialists in technical support who could solve the problem. I advise you to run away from Lite Forex.
-
Comment
If you got here, quit trading with LiteForex. You won't earn anything here, you'll only lose your money. I tried to trade with LiteForex twice and lost my deposit both times. You open a trade, but it constantly goes against you. Even if there is a trend. There is an expiration in the negative, and then the price moves normally. You rush to open a trade again and the situation repeats. This is not trading, but torture.
-
Comment
Spikes that destroy your stops are a normal occurrence on the LiteForex platform. It’s okay if there is multidirectional movement in the market. But when there is a stable trend, a 50-pip spike in the opposite direction is a common occurrence for them. And I think that LiteForex manipulates this situation.
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.