Deriv vs OspreyFX - Fees Review included
Which broker is better Deriv or OspreyFX? 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. OspreyFX is one of the top brokers in the financial market with the TU Overall Score of 5.36 out of 10. Find out more about TU Overall Score.
| Feature | Deriv | OspreyFX |
|---|---|---|
Overall |
1.5 |
2.3 |
1.5 |
1 |
|
1.7 |
2.3 |
|
1.6 |
2.7 |
|
Investment Instruments |
1.8 |
2.1 |
Platforms and Charting Tools |
1.4 |
4.3 |
Deposit and Withdrawal |
1.8 |
2.1 |
Research |
1.4 |
1.4 |
Education |
1.3 |
3.4 |
Support |
1.2 |
1.6 |
Bonuses |
1.3 |
1.8 |
|
|
Deriv vs OspreyFX: 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.
OspreyFX is an STP broker that operates on the A Book model and uses ECN technology. It was registered in Saint Vincent and the Grenadines in 2018 and currently is applying for a dealer license. The company offers clients FX and CFD trading, including indices, commodities, stock indices, and cryptocurrencies. Traders can open ECN accounts and trade via mobile or desktop terminals using MetaTrader 4/5 or WebTrader with high leverage
| Deriv | OspreyFX | |
|---|---|---|
| Overall Pros | Low level of the minimum deposit. | The size of the minimum deposit is available even to novice traders |
| A wide range of payment agents for replenishment of the deposit and withdrawal of earned funds. | High leverage - up to 1:500 | |
| Availability of trading instruments of different groups: currency pairs, stocks, indices, metals, etc. | High speed of execution of transactions - 94% of orders are executed at a speed of 30-50ms | |
| Broker regulation by several authorities from different countries. | Honest spread, taking into account the broker's markup. Virtually no expansion during times of abnormal volatility due to direct access to liquidity providers | |
| Round-the-clock client support. | In addition to active trading tools, the “funded trader” program is presented, which allows you to manage up to 200 thousand USD after passing the test | |
| 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. | Rigid tariff policy, more suitable for traders with active speculative strategies |
| Deriv has only a few ways to contact support. | The helpdesk is overly automated. To contact the operator, you need to answer a lot of questions from the bot. Operators respond to unregistered users with general phrases without specifics | |
| The broker does not serve clients from several countries, such as the USA, Canada, Malaysia, Israel, and others. |
Deriv vs OspreyFX: Safety and Regulation
| Deriv | OspreyFX | |
|---|---|---|
Max. Regulation Level |
Tier-2 |
Tier-1 |
Investor protection |
€20,000 |
€100,00 |
FCA UK Regulation |
No |
No |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
Yes |
ASIC (Australia) |
No |
No |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
No |
No |
BVI FSC |
Yes |
No |
VFSC |
Yes |
No |
FSA (Seychelles) |
No |
No |
Deriv vs OspreyFX: Trading Conditions
| Trading Conditions | Deriv | OspreyFX |
|---|---|---|
Minimum Deposit |
$10 |
Standard - $50, Pro - $500, VAR - $250, Mini - $25 |
Trading Platforms |
Deriv MT5, Deriv X, DTrader, SmartTrader, DBot |
МТ4 (including brouser version), МТ5 |
Max Leverage (Futures) |
1-1000 |
1-500 |
Supported Markets |
Currency pairs, cryptocurrencies, CFDs, indices, stocks, synthetic indices, commodities |
FX, Indices, Commodities, Metals, Stocks, Cryptos |
Trading assets |
218+ |
120+ |
Trading Accounts |
Real account, demo account |
Standard, Pro, VAR, Mini |
Base Account Currencies |
Deriv MT5, Deriv X, DTrader, SmartTrader, DBot |
USD |
Deriv vs OspreyFX: Fees
| Deriv | OspreyFX | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,5 |
0,2 |
Standard acc. spread EUR/USD, max pips |
0,8 |
0,7 |
ECN Commission |
3 |
|
ECN Spread EUR/USD |
0,1 |
|
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
No |
No |
Inactivity fee, $ |
25 |
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 OspreyFX: Trading Assets
| Asset Name | Deriv | OspreyFX |
|---|---|---|
Overall |
218+ |
120+ |
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 OspreyFX: Investment Programs
| Asset Name | Deriv | OspreyFX |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
There is a "Funded Trader" program. A trader must show on a test account that he can earn money by observing risk management. In case of success, the trader receives a real account with an amount of up to 200 thousand USD in management. Conditions: exam price - from 250 USD, trading: minimum 10 days within 1 month, maximum daily drawdown - 5%, total - 12% |
Trading Platforms: OspreyFX or Deriv
| Deriv | OspreyFX | |
|---|---|---|
MT4 |
No |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
DTrader |
No |
Others |
SmartTrader |
Web Trader (browser version of the platform of MetaQuotes). Forex Squad - own learning platform |
|
|
Deriv vs OspreyFX: Deposit and Withdrawal Methods
| Deriv | OspreyFX | |
|---|---|---|
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 OspreyFX: Research
| Research Type | Deriv | OspreyFX |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
Deriv vs OspreyFX: Education
| Education Type | Deriv | OspreyFX |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
No |
Cent account |
No |
No |
OspreyFX vs Deriv: Support
| Support Features | Deriv | OspreyFX |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
No |
|
Phone |
No |
No |
Online chat |
Yes |
Yes |
Other |
No |
feedback form |
Deriv vs OspreyFX: Forex Bonuses and Promo
| Promo | Deriv | OspreyFX |
|---|---|---|
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. |
Affiliate program with a reward of 2.5 USD for each lot conducted by the referral. The broker provides marketing packages with information materials and provides training free of charge |
Other Promos |
Contests with small deposit |
|
|
|
Top 5 Reviews on OspreyFX
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Comment
Among OspreyFX’s strengths are leverage up to 1:500 and a variety of assets—from forex and metals to cryptocurrencies and US stocks. The minimum order size is 0.01 lots, making the platform accessible to traders with small capital. However, the company is registered in SVG and is not subject to strict financial regulatory oversight. Services include contests, social trading, and an affiliate program, but PAMM accounts are not available. This may limit interest from investors who prefer passive strategies.
-
-
-
Comment
OspreyFX offers a wide range of account types — Demo, Mini, Standard, Pro, and Islamic — which can suit both beginners and experienced traders. The minimum deposit starts at $25, and the spread on EUR/USD begins from 0.1 pips. The TradeLocker platform is adapted for both web and mobile devices. However, the lack of a license from Tier-1 regulators like the FCA or CySEC reduces trust in the company. The Margin Call / Stop Out level is 100% / 70%, which is higher than the industry average. Despite supporting crypto payments and working with over 50 liquidity providers, the stability and security of operations remain questionable.
-
Top 5 Reviews on Deriv
-
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.
-
Comment
Deriv offers very flexible conditions for automation: the DBot robot builder allows you to create your own trading algorithms without any coding knowledge. The minimum deposit is $5, and commissions on most CFD trades are minimal—usually less than $1 per lot. Investors have access to a wide range of trading instruments: currencies, stocks, commodities, cryptocurrency, and indices. I especially appreciate the ability to trade with leverage up to 1:1000, which provides great potential to grow your deposit. Over the past three months, I have received more than $30 in cashback from participating in Deriv promotions.
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Comment
I have been working with Deriv for over six months and appreciate this broker for its transparent commission policy and fast trade execution. The minimum lot size is 0.01, and you can trade both classic currency pairs and derivatives on synthetic indices. Deriv allows you to open an account in USD, EUR, GBP, or cryptocurrency, and supports deposits via bank cards, Skrill, Neteller, and crypto wallets. I withdrew a $250 profit through Skrill — the funds arrived within a couple of hours with no hidden fees. The Deriv MT5 platform makes it easy to implement complex trading strategies, and there is a free VPS available for active traders.
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.