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Deriv , FX Choice Broker Comparison

Do you want to know which is the better broker between Deriv and FX Choice ?

In the table below, you can compare the features of Deriv , FX Choice side by side to determine the best fit for your needs.

  • WikiFX rating
  • Basic Information
  • Benchmark
  • Account
  • Relevant information
  • Relevant exposure
  • WikiFX rating
  • Basic Information
  • Benchmark
  • Account
  • Relevant information
  • Relevant exposure
 2 / 3   brokers in total
WikiFX rating
Regulatory Status
WikiBit Guarantee
WikiFX Survey
Risk Evaluation
WikiFX exposure
Basic Information
Regulatory license
Deposit and withdrawal method
Transaction environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Rollover Cost
Rollover cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account name
Funding Requirement
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum position
Lock postition
EA trading
Suspicious Clone
Under guarantee
2-5 years
FX Choice
Offshore Regulatory
Under guarantee
2-5 years
36 currency pairs; Indices, Metals, Commodities, Energies, Cryptocurrencies
from 0.5

Deriv 、 FX Choice BrokersRelevant information

Deriv 、 FX Choice BrokersRelevant exposure

Which broker is more reliable?

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, fx-choice 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:

Forex broker introduction


Risk Warning

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

Feature Detail
Regulation Suspicious clone
Market Instrument forex, stocks & indices, cryptocurrencies, commodities, and derived
Account Type CFDs trading, options trading, and multipliers trading
Demo Account yes
Maximum Leverage 1:1000
Spread N/A
Commission N/A
Trading Platform Deriv GO, Deriv MT5, DTrader, Deriv X, DBot, SmartTrader, Binary Bot, and API
Minimum Deposit $5
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, the first platform to offer binary options to retail traders. In 2004, Regent Markets opened a second office in Malaysia, and in 2013, was renamed The new brand can offer more features and market ranges. In 2005, the Malta Financial Services Authority (MFSA) granted a Class III investment services license, authorizing to offer investment services to EU investors. added CFDs, a popular form of derivatives trading used by retail traders in 2016. In 2018, opened its third office in Labuan, Malaysia, and in 2019, it opened offices in Dubai and Paraguay. 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:

home page

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.

General Information & Regulation

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.

Market Instruments

Deriv offers traders 100+ tradable assets, including forex, stocks & indices, cryptocurrencies, commodities, and derived.

Market Instruments

Account Types

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.

Account Types


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 Platform Available

Trading Hours

Trading at 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.

Deposit & Withdrawal
Deposit & Withdrawal
Deposit & Withdrawal
Deposit & Withdrawal
Deposit & Withdrawal


Additionally, an unspecified dormant fee may be charged to accounts inactive for 12 months.

Customer Support

Customer support is available 24/7 through:

Telegram, Email:

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

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?
A 3: Yes.
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.


Registered in Belize
Regulated by FSC
Year(s) of establishment 2-5 years
Trading instruments Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks
Minimum Initial Deposit $10
Maximum Leverage 1:200
Minimum spread 0.0 pips onwards
Trading platform MT4, MT5, webtrader
Deposit and withdrawal method cryptocurrencies, visa, MasterCard, perfectmoney, skrill, neteller, astropay and many other options
Customer Service Email/phone number/address/live chat
Fraud Complaints Exposure Yes

General information and regulations of FX Choice

With a history between 2 and 5 years, FX Choice is an online forex broker regulated by FSC and is dedicated to providing a series of common forex instruments.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.

At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.

Market instruments

Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks.....FX Choice allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on FX Choice.

market instruments

Spreads and commissions for trading with FX Choice

The spreads vary from accounts and instruments to accounts and instruments. For example. We can see that the minimum spread in standard, optimum and pro account are respectively 0.5 pips, 1.5 pips and 0 pips. Only pro account has a commission of 3.5 USD per lot, while other two types of accounts are commission-free.


Account Types for FX Choice

Demo Account: FX Choice provides a demo account that allows you to try out the financial markets without the risk of losing money.

Live Account: FX Choice offers a total of 3 account types: classic, optimum and pro. The minimum deposit to open an account is $100, $10 and $100 respectively. Its not very demanding to open an account in FX Choice when it comes to minimum deposits. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.

account types

Trading platforms offered by FX Choice

As for trading platforms, clients can choose between the market leaders MetaTrader4 and MetaTrader5, which can be accessed from many devices.

However, have you ever wondered or are you wondering which platform you should use? Our team has the corresponding article for your reference. The article details the similarities and differences between the two and gives specific advice.

trading platform

Leverage offered by FX Choice

Although some brokers offer leverage up to 1:500 or even 1:1000, the leverage of 1:200 offered by FX Choice is sufficient for the average trader. This is because the more leverage you have, the more risk you take with your money. Even professional traders, let alone novices, should not be tempted to use leverage as large as 1:500.

Deposit and withdrawal methods and fees

Many deposits and withdrawals methods are available in FX Choice, like many cryptocurrencies, visa, MasterCard, perfectmoney, skrill, neteller, astropay and many other options.

deposit and withdrawal
deposit and withdrawal

Educational resources

A series of educational resources is available at FX Choice, such as market signals, autotrade, copy trading, VPS and EA.

educational resources

Customer support of FX Choice

Below are the details about the customer service.

Language(s): English, Spanish, Chinese, Portuguese, French, Arabic, Thai language.

Service hours: 24/5


Phone Number: +52 556 826 8868

Address: Corner Hutson & Eyre Street, Blake Building, Suite 302, Belize City, Belize

Other services: call back and live chat

customer support

Users exposures on WikiFX

On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

users' exposure

Frequent asked questions about FX Choice

Is this broker well regulated?

No, it is currently not effectively regulated and you are advised to be aware of its potential risks.

Are the transaction costs and expenses of deriv, fx-choice lower?

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 fx-choice are, we first considered common fees for standard accounts. On deriv, the average spread for the EUR/USD currency pair is -- pips, while on fx-choice the spread is from 0.5.

Which broker between deriv, fx-choice is safer?

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. fx-choice is regulated by FSC.

Which broker between deriv, fx-choice provides better trading platform?

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 --. fx-choice provides trading platform including Classic,Pro,Optimum and trading variety including 36 currency pairs; Indices, Metals, Commodities, Energies, Cryptocurrencies.

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