Giving a thought over alternatives is always a wise move. This quality is essential for every trader, considering the unpredictable nature of binary trading. But, when you trust your broker with a complete heart, thinking about the alternative brokers may miss striking your mind.
However, keeping an eye over the best alternative brokers does not always suggest leaving your trusted broker like Deriv. Yet, if the alternatives match your requirements better, you should choose them. Also, knowing a Deriv alternative will only give you a better insight into this broker.
Comparison chart of broker like Deriv:
| Parameters: | Deriv: | IQ Option: | Quotex: | Expert Option: | Pocket Option: |
|---|---|---|---|---|---|
| Demo Account | yes | yes | yes | yes | yes |
| Copy Trading | no | no | no | yes | yes |
| Regulation | yes | no | yes | yes | yes |
| Automated trading | yes | no | no | no | no |
| Affiliate program | yes | yes | yes | yes | yes |
| Binary Options | yes | yes | yes | yes | yes |
| CFD trading | yes | yes | no | no | yes |
The best 5 Deriv alternatives in detail:
- $10 minimum deposit
- Free demo account
- High return up to 100% (in case of a correct prediction)
- The platform is easy to use
- 24/7 support
- Min. deposit $10
- $10,000 demo
- Professional platform
- High profit up to 95%
- Fast withdrawals
- Signals
- Regulated & safe
- Crypto trading
- High returns
- Fast execution
- Social trading
- Low minimum deposit of $ 50
- Welcomes international clients
- Offers high payouts: 90% – 97%+
- Professional-grade trading platform
- Swift deposit process
- Enables Social Trading
- Provides free bonus incentives
- $10 minimum deposit
- Free demo account
- High return up to 100% (in case of a correct prediction)
- The platform is easy to use
- 24/7 support
- Min. deposit $10
- $10,000 demo
- Professional platform
- High profit up to 95%
- Fast withdrawals
- Signals
- Regulated & safe
- Crypto trading
- High returns
- Fast execution
- Social trading
- Low minimum deposit of $ 50
- Welcomes international clients
- Offers high payouts: 90% – 97%+
- Professional-grade trading platform
- Swift deposit process
- Enables Social Trading
- Provides free bonus incentives
Deriv is a broker that is a complete package in itself. Seldom may it strike to a broker that there is any need to look for a Deriv alternative. Being a regulated broker who has been serving since 1999, Deriv aims at nothing less than a simple, secure, and flexible trading service.
A client is overwhelmed through various features unique to Deriv alone. The DMT5, DTrader, Deriv Go, etc., only constitute the tip of the mountain. A trader can even enjoy copy trading or social trading through the DMT5.
A trader can choose from all the known assets for trading through this broker’s platform, including binary options. Additionally, those looking for automated trading can also get satisfaction through the Dbot feature, an exclusive trading robot service by Deriv.
All such features that a trader may require to excel in trading are available with Deriv. So, a question may arise why look for alternatives then?
Being with the best trading broker doesn’t mean your trading journey’s fulfillment. It should be the nature of a trader to look for more.
Deriv is a competent broker without a second thought. However, the choices of traders may vary over the experience. So, it is not wrong to look for similar brokers who can match Deriv in their features.
Moreover, by comparing with other alternative brokers, you can have a secure option to switch with if you wish to leave Deriv. That will also inculcate a sense of appreciation for this broker’s unique features and know other brokers’ exclusiveness as well.
1. IQ Option
Broker’s review
IQ Option is the next broker who can stand as an effective alternative. With its more than 300 asset types, any trader can choose to trade with it diversely. A trader has plenty of opportunities to grow in the game with IQ Option.
This intuitive broker’s platform is available on all the OS software used in all the digital devices; windows, Macintosh, etc. This broker is particularly attractive for binary traders due to its high payout percentage.
They can use its charting tools and free signals to precisely estimate price fall or rise. Along with that, this broker does not stay behind Deriv in offering exclusive strategies, premium account benefits, etc.
(Risk warning: You capital can be at risk)
Features similar to Deriv
- An IQ Option demo account is available for every new trader with a demo fund of up to $10,000
- A 24/7 professional support and guidance are available
- The platform sees an easy-to-join process with the fewest steps.
- A customizable interface is available for traders to have a hands-on experience.
Deposit and minimum amount
The minimum deposit of IQ Option makes it a broker similar to Deriv. While Deriv has a range of $5-$10, IQ Option caps the amount at $10.
That makes a Deriv trader concerned about budget choose IQ Option. Moreover, like Deriv, this broker also offers multiple methods to choose from. Along with a fee-free deposit.
Withdrawal and minimum amount
Withdrawal is another feature that makes it a reliable alternative to Deriv. While Deriv offers the same range as a deposit; $5-$10, IQ Option falls in the middle with $2. The IQ Option withdrawal is charge-free also.
(Risk warning: You capital can be at risk)
2. Quotex
Broker’s review
Even though being a new broker who joined the race in 2019, Quotex does not disappoint us. This broker can serve as a great Deriv alternative. Through its remarkable features and world-class platform, any trader can excel in binary options.
With 400+ free trading tools and multiple assets in digital trading, Quotex can match Deriv. A trader gets to use the free trade signals and strategies through its innovative platform. The signals boast a high accuracy of up to 87%.
Using this can significantly boost the winning chances. All the features come with a supplement of high speed through its modern technology. Available as a mobile application and a web-based system, Quotex can give Deriv an equal match.
This regulated broker also allows for affiliate trading, which is an added opportunity for the existing traders. Another reason to choose this as the alternative to Deriv is because of its Quotex bonus. A trader can expect a bonus of up to 40% while making a new deposit.
(Risk warning: Trading involves risks)
Features resembling Deriv’s platform
- The availability of a copy trading facility makes it similar to Deriv’s portfolio.
- Easy signup process
- Traders can begin through a Quotex demo account with virtual money and polish their skills.
- Reliable trading signals are available.
- The platform offers access in multiple languages like Deriv. A trader can choose from any of the 19 languages obtainable.
Deposit and minimum amount
The deposit comparison will tell us that Quotex stands at the equivalent position to Deriv. The minimum deposit goes as low as $10 in Quotex. The amount falls in the range that Deriv has to offer; $5-$10, that too without any fees.
Withdrawal and minimum amount
The withdrawal process is similar to Deriv, with multiple payment choices. Also, devoid of any withdrawal fees, the trader must remove a minimum of $10. That makes it at par with Deriv’s process. Hence, making it an equal and alternative choice.
(Risk warning: Trading involves risks)
3. Expert Option
Broker’s review
Another valuable broker on the list is Expert Option. This Financial commission-regulated broker can match Deriv despite being new. Expert Option came in 2020 but aimed to provide transforming services to all traders.
Binary traders can get a long list of assets to trade from, along with other features. This broker takes care of each of the customer’s needs through focused account managers and ever-active customer support.
The trader can even contact Expert Option customer support to clear pre-joining doubts. The answer will come straight from an official support member through the online chat. Also, being regulated by FC, this broker comes with compensation funds and a resolution mechanism for all disputes.
(Risk warning: Trading involves risks)
Features similar to Deriv
- A social trading feature is a prevalent tool for traders who look to mimic experienced traders. The tool is beneficial for beginners particularly.
- A free demo trading option is available like in Deriv. With demo cash of $10000, traders can use it to master their underlying skills.
- It is available in many countries worldwide, making it a global platform like Deriv.
- Affiliate trading chance is open to traders for additional commission earnings.
- This platform is also available in the form of innovative apps for the traders’ convenience.
Deposit and minimum amount
As a justifiable alternative to Deriv, Expert Option traders cannot expect a huge difference with the deposits. This platform has one of the lowest minimum deposits starting from $10. Also, the choice lies with the trader to select the method, which can range from e-wallets to credit cards.
Withdrawal and minimum amount
The minimum withdrawal amount is the same as that of the deposit. That is yet another resemblance to Deriv. So, a trader who is used to Deriv’s withdrawal schemes will not feel uncomfortable here. Also, the Expert Option platform refrains from charging any commissions while depositing and withdrawing both.
(Risk warning: Trading involves risks)
4. Pocket Option
Broker’s review
Available in 95 countries with active users of more than 100000 in number, Pocket Option is an ideal alternative. Like Deriv, this broker is trusted worldwide and offers outstanding services to its clients. The broker also comes under the regulation of IFMMRC, making it a safe choice.
The Pocket Option traders have the accessibility to more than 100 trending assets. From cryptos to currencies, all come within its reach. Moreover, it facilitates its clients through promo codes and bonuses.
A trader can expect to grab a deposit bonus as high as 50%. The traders can also compete with other traders through trading tournaments that it conducts often.
(Risk warning: Trading involves risks)
Features that make it Deriv alternative
- Social trading is available for all through Pocket Option, allowing a connection with other traders.
- Services are available in more than 20 different languages. That makes it similar to Deriv, which also offers a multi-linguistic platform.
- East to access Pocket Option demo account trading facility is available for every new member to practice.
- The option to become an affiliate partner is available. Traders seeking additional income through commissions can utilize it.
- Availability through multiple apps and software.
Deposit and minimum amount
Pocket Option offers a commission-free deposit, except if you choose perfect money as the method. However, one must note that this broker may ask for a deposit of $50, unlike Deriv. Yet it differs only in the minimum deposit.
Withdrawal and minimum amount
The withdrawal process can be instant with this broker. Also, many choices are available for withdrawing. The minimum amount is not high as the deposit amount and asks for $10 only.
(Risk warning: Trading involves risks)
Conclusion
The above discussion enlightens us with the deserving Deriv alternatives. The above top 5 brokers can match Deriv in most of its features. However, they may have their own unique offering along with that.
Therefore, we have attempted to review all the brokers considering their unique and similar features. So, a trader who looks forward to a Deriv alternative can use the facts above as a guide.
(Risk warning: You capital can be at risk)
