Deriv
FXGT
Deriv vs FXGT
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
Deriv and FXGT are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. Deriv, founded in 2000 and headquartered in Cyberjaya, Malaysia, is regulated by VFSC, FSC, LFSA and offers spreads starting from 0.5 pips with a minimum deposit of $5. FXGT, established in 2019 in Limassol, Cyprus, holds licenses from CySEC, FSA with spreads from 0.0 pips and a $5 minimum deposit. In our hands-on testing across 8 scoring categories, FXGT scored 7.2/10 overall compared to Deriv's 7/10, making it the stronger pick for most traders. That said, Deriv holds its own with better trading platforms, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
FXGT scores 7.2/10 overall vs 7/10 for Deriv — a 0.2-point difference.
- 🛡️
FXGT holds Tier 1 regulation (CySEC, FSA) offering stronger investor protection than Deriv's Tier 3 status.
- 📈
FXGT offers 400+ instruments vs 150+ at Deriv — a massive gap in market coverage.
- 🖥️
Deriv runs on DTrader, DBot, DMT5, Deriv X, while FXGT uses MT5 — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Regulation & Trust: FXGT scores 7.5 vs 5.5 for Deriv — a 2.0-point difference.
Our Verdict
Deriv
Score: 7.0/10 · Wins 1 categories- You need advanced trading platforms and tools
- You prefer Deriv's trading environment overall
FXGT
Score: 7.2/10 · Wins 4 categories- You want lower spreads and trading fees
- Top-tier regulation and fund safety are your priority
- Responsive customer support matters to you
- Fast and flexible deposits & withdrawals are important
FXGT takes the lead with an overall score of 7.2/10 compared to 7/10, winning in 4 out of 8 scoring categories. FXGT stands out for lower trading costs and stronger regulation, while Deriv fights back with better trading platforms.
Detailed Verdict
After testing both brokers with real accounts, FXGT comes out ahead with a 7.2/10 overall rating, winning 4 out of 8 categories. Its strongest area is Deposit & Withdrawal where it scores 8.0/10. FXGT holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. Deriv is not without merit — it scores 7/10 overall and excels in Platforms & Tools (7.5/10), winning 1 category. Traders who value better trading platforms may find Deriv the better fit. For a complete breakdown, read our full FXGT review and Deriv review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
FXGT wins by 0.5 points
Deriv wins by 0.5 points
FXGT wins by 2.0 points
FXGT wins by 0.5 points
FXGT wins by 0.5 points
Full Feature Comparison
Fees & Costs
When it comes to trading costs, FXGT has the edge with a score of 7.5/10 versus 7/10 for Deriv. Deriv offers spreads starting from 0.5 pips, while FXGT starts from 0.0 pips. The minimum deposit at Deriv is $5, compared to $5 at FXGT. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
Deriv scores 7.5/10 for platforms compared to 7/10 for FXGT. Deriv provides DTrader, DBot, DMT5, Deriv X, while FXGT offers MT5. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. Deriv is regulated by VFSC, FSC, LFSA (Tier 3), while FXGT holds licenses from CySEC, FSA (Tier 1). Deriv scores 5.5/10 and FXGT scores 7.5/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, Deriv leads with 6.5/10 compared to 6.5/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. Deriv and FXGT both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
Deriv offers 24/7 Live Chat, Email and scores 7/10, while FXGT provides 24/7 Live Chat, Email with a score of 7.5/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
Deriv scores 7.5/10 for deposits and withdrawals, while FXGT scores 8/10. Deriv accepts Bank Transfer, Credit Card, Skrill, Neteller, Crypto, E-wallets, and FXGT supports Bank Transfer, Credit Card, Skrill, Neteller, Crypto. Processing times, fees, and available currencies vary. Deriv requires a minimum deposit of $5 versus $5 for FXGT. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose Deriv if you...
- You need advanced trading platforms and tools
- You prefer Deriv's trading environment overall
Choose FXGT if you...
- You want lower spreads and trading fees
- Top-tier regulation and fund safety are your priority
- Responsive customer support matters to you
- Fast and flexible deposits & withdrawals are important
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is Deriv better than FXGT?
FXGT scores higher overall (7.2/10 vs 7/10), winning 4 of 8 categories. However, Deriv is stronger in better trading platforms. The best choice depends on what matters most to your trading style.
Which has lower fees, Deriv or FXGT?
FXGT scores higher for trading costs. Deriv offers spreads from 0.5 pips with a $5 minimum deposit, while FXGT starts from 0.0 pips with $5 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is Deriv safe to trade with?
Deriv is regulated by VFSC, FSC, LFSA and scores 5.5/10 for regulation. FXGT is regulated by CySEC, FSA with a score of 7.5/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, Deriv or FXGT?
Deriv scores 7.5/10 for platforms. Deriv offers DTrader, DBot, DMT5, Deriv X, while FXGT provides MT5. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for Deriv vs FXGT?
Deriv requires a minimum deposit of $5, while FXGT requires $5. FXGT has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.