Do you want to know which is the better broker between Deriv and Bell Potter ?
In the table below, you can compare the features of Deriv , Bell Potter side by side to determine the best fit for your needs.
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of deriv, bell-potter lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
|Market Instrument||forex, stocks & indices, cryptocurrencies, commodities, and derived|
|Account Type||CFDs trading, options trading, and multipliers trading|
|Trading Platform||Deriv GO, Deriv MT5, DTrader, Deriv X, DBot, SmartTrader, Binary Bot, and API|
|Deposit & Withdrawal Method||online banking, credit/debit cards, e-wallets and cryptocurrencies|
Deriv's story began in 1999, the year Regent Markets was founded by an entrepreneur in partnership with a financial mathematician to develop algorithms for the world's first fixed-odds trading system for retail investors. 2000 saw Regent Markets' first office in Malta, where it acquired its first binary options. In 2001, Regent Markets launched BetOnMarkets.com, the first platform to offer binary options to retail traders. In 2004, Regent Markets opened a second office in Malaysia, and in 2013, BetOnMarkets.com was renamed Binary.com. The new brand can offer more features and market ranges. In 2005, the Malta Financial Services Authority (MFSA) granted Binary.com a Class III investment services license, authorizing Binary.com to offer investment services to EU investors. Binary.com added CFDs, a popular form of derivatives trading used by retail traders in 2016. In 2018, Binary.com opened its third office in Labuan, Malaysia, and in 2019, it opened offices in Dubai and Paraguay. Deriv.com continues its global expansion with the opening of offices in Cyprus and Rwanda, as well as two new offices in Ipoh and Malaysia.
Here is the home page of this brokers official site:
As for regulation, it has been verified that Deriv holds suspicious clone Malta Financial Services Authority - MFSA, Vanuatu Financial Services Commission - VFSC, and the British Virgin Islands Financial Services Commission - FSC licenses. That is why its regulatory status on WikiFX is listed as “Suspected Fake Clone” and receives a relatively low score of 1.43/10. Please be aware of the risk.
Note: The screenshot date is January 16, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
Deriv offers traders 100+ tradable assets, including forex, stocks & indices, cryptocurrencies, commodities, and derived.
Apart from free demo accounts, Deriv offers three types of trading, CFDs trading, options trading, and multipliers trading.
CFDs trading: A CFD (contract for difference) allows you to trade on the price movement of an asset, without buying the underlying asset.
options trading: Options are products that allow for payouts from predicting market movements, without needing to buy the underlying asset.
multipliers trading: Deriv multipliers combines the upside of leverage trading with the limited risk of options.
Deriv offers flexible leverage up to 1:1000. This allows users to take larger position sizes by putting down a small deposit, known as margin, to increase potential returns. Margin requirements and leverage levels vary depending on the account and jurisdiction you register an account from.
It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Trading Platform Available
Deriv offers traders a choice of 8 trading platforms, including Deriv GO, Deriv MT5, DTrader, Deriv X, DBot, SmartTrader, Binary Bot, and API. The MT5 is highly praised by traders and brokers alike due to its ease of use and great functionality, offering top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.
Trading at Deriv.com is available 24/7, following respective market operating hours. With that said, weekend trading usually sees a reduction in volume, resulting in less competitive spreads.
Deposit & Withdrawal
Deriv accepts deposits and withdrawals from traders' investment accounts via online banking, credit/debit cards, e-wallets and cryptocurrencies. The minimum initial deposit requirement is said to be just $5. The broker says to process all deposits and withdrawals within 1 day, however, withdrawals may take up to 15 working days to reflect on your card.
Additionally, an unspecified dormant fee may be charged to accounts inactive for 12 months.
Customer support is available 24/7 through:
Telegram, Email: firstname.lastname@example.org
Help Centre – The self-service portal can assist with a range of queries, from account questions to platform issues.
Live Chat – Live chat support is now available direct from the website.
You can also follow this broker on social networks such as Twitter, Facebook, Instagram, YouTube and LinkedIn.
Company address: Level 3, W Business Centre, Triq Dun Karm, Birkirkara, BKR 9033.
Pros & Cons
|• Multiple trading instruments and payment methods offered||• Suspicious clone|
|• Demo accounts available||• No specific information on spreads & commissions|
|• Low minimum deposit (5 USD)|
|• MT5 supported|
Frequently Asked Questions (FAQs)
|Q 1:||Is Deriv regulated？|
|A 1:||No. It has been verified that the licenses (MFSA, VFSC, and FSC) that Deriv holds are all suspicious clones.|
|Q 2:||At Deriv, are there any regional restrictions for traders？|
|A 2:||Yes. Their services are not available in certain countries, including the USA, Canada, and Hong Kong.|
|Q 3:||Does Deriv offer demo accounts？|
|Q 4:||Does Deriv offer the industry-standard MT4 & MT5？|
|A 4:||Yes. Deriv supports MT5 and other trading platforms.|
|Q 5:||What is the minimum deposit for Deriv？|
|A 5:||The minimum initial deposit with Deriv is said to be just $5.|
|Q 6:||Does Deriv charge a fee？|
|A 6:||Like every forex broker, it charges a dormant fee but not specified.|
|Q 7:||Is Deriv a good broker for beginners？|
|A 7:||No. Deriv is not a good choice for beginners. Although it advertises very well, it lacks legitimate regulations, so trading with them is dangerous.|
|Trading Platform||Non-MT4 & MT5|
|Products & Services||Stocking, Fixed Interest, Portfolio Administration, Technical financial advice, Foreign Exchange, Portfolio Lending, Super Lending|
|Payment Methods||Visa, Diners, MasterCard, Visa Electron, PayPal|
|Customer Support||5 /24 Phone, Emails|
Basic Information & Regulation
Based in Australia, Bell Potter Securities is a full-service internet trading broker that offers a wide variety of financial instruments. They pioneered the e-commerce space when they launched in 2015 and have been at the forefront ever since. Currency, indices, metals, equities, and commodities are the primary areas of focus of Bell Potter Securities, which is home to a highly regarded and feature-rich trading platform.
Since their 2015 inception, they've amassed a clientele of over 10,000 users. Bell Potter Securities currently holds a full license authorized by the Australian Securities and Investments Commission (license number: 243480).
Pros & Cons of Bell Potter
some advantages and disadvantages of Bell Potter are clearly listed below:
|ASIC-regulated||No negative balance protection|
|Commissions for trading not high||Guaranteed stop loss not provided|
|Diversified range of servcies||High withdrawal fees|
|Tight Spreads||No cryptocurrency trading|
Products & Services
Bell Potter's products and services for individual and institutional investors are mainly stockbroking, fixed interest, portfolio management, technical financial advice, pensions, foreign exchange, portfolio loans, super loans, and exchange-traded funds.
In order to get started with Bell Potter Securities, a $5 minimum deposit is required. For a person just getting started, this is a reasonable sum. With more coordination, you can make deposits of greater complexity. Before investing a substantial sum of money, though, make sure you know how to maximize its potential.
Commissions & Fees
When compared to other discount brokers operating online, Bell Potter Securities' costs are generally lower. They do not charge a broker fee, or they charge far less than comparable agents, for the same types of transactions. People who trade frequently, say, on a daily or weekly basis, will benefit from this.
But Bell Potter Securities' non-trading fees are significantly higher than those of its competitors. This means that withdrawals and deposits to your trading account will cost you more than they would if you were actually trading. These have nothing to do with a transaction involving the buying or selling of property.
When a client of Bell Potter Securities does not make a trade for a certain period of time, the broker will assess an inactivity fee.
You should close your Bell Potter Securities account if it is dormant, even if the brokerage has not yet notified you of any fees. Many financial services, not only brokerages, include inactivity fees.
The inactivity cost on other trading platforms will vary based on the type of account you have. There are a number of caveats that apply to the inactivity fee that the broker should make plain to the client before they agree to pay it.
Trading Platform Available
Bell Potter uses the most popular MT4 trading platform for traders today, with powerful charting tools, a large number of technical analysis indicators, with expert advisors to run automated trading, which can help traders get ahead in the financial markets.
Deposits & Withdrawals
Bell Potter supports traders to fund their investment accounts via credit/debit cards of Visa, Diners, MasterCard, Visa Electron, PayPal, etc. Usually, it takes a few business days to withdraw funds from Bell Potter Securities. It may take up to 7 business days before the funds show up in the investor's account based on the chosen withdrawal method.
Withdrawals are free of charge at Bell Potter Securities. From your Bell Potter Securities account, you can withdraw money at any time. With the margin set aside, you can withdraw amounts up to your account balance. Keep in mind that you can get by without actually having any cash in your account.
The funds withdrawn will be transferred instantly to the deposit accounts you specify. Because of this, withdrawals made using a credit card will also be made using the same card, though Bell Potter Securities may request other withdrawal methods if your information has changed.
For each withdrawal, a minimum quantity must be met. A currency conversion fee is also relevant if you intend to withdraw funds in a currency other than US dollars. Your withdrawal will be subject to a currency conversion fee based on the currency you select.
If clients have any inquiries, they can get in touch with Bell Potter by calling them, or just visiting their office. besides, There is also a contact form for clients to fill ip their questions. or you can also follow this broker on some social media platforms, such as Twitter, Facebook, Linkedin, and Youtube.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive deriv and bell-potter are, we first considered common fees for standard accounts. On deriv, the average spread for the EUR/USD currency pair is -- pips, while on bell-potter the spread is --.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
deriv is regulated by MFSA,VFSC,FSC. bell-potter is regulated by ASIC,ASIC.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
deriv provides trading platform including -- and trading variety including --. bell-potter provides trading platform including -- and trading variety including --.