Which broker is better?
Deriv and Weltrade are brokers with platforms for synthetic indices and currencies trading. This article will try to unpack the better broker in indices trading. Weltrade started providing synthetic indices to clients 19 years ago whilst deriv is 26 years into the market. Traders were looking for best alternative to substitute deriv but there is no other broker who is giving the most loved Booms and Crushes.
Which broker is better still remains our major question. Many clients migrated to Weltrade though they turned back to Deriv in few weeks. This article will try to unpack the services provided by these two brokers to help new traders and those who are still making choices on which broker to use.
When comparing Deriv and Weltrade as forex and CFD brokers, both platforms offer unique features. Here’s a detailed comparison to help you decide which might be more suitable for your trading needs.
Brokers Background Information
| Feature | Deriv | Weltrade |
|---|---|---|
| Founded | 1999 | 2006 |
| Headquarters | Malta, Malaysia | Ireland |
| Regulation | BVI FSC, Labuan FSA, MFSA, VFSC | FSCA (South Africa), IFSC (Belize) |
| Global Presence | 22 offices worldwide | Operates in over 18 countries |
| Traders | Over 1 million | Over 600,000 |
| Minimum Deposit | $5 | $1 |
| Demo Account | Yes | Yes |
| Customer Support | 24/7 multilingual support | 24/7 multilingual support |
Trading Platforms
- Deriv Offers a variety of trading platforms including DTrader, DBot, Deriv X, and SmartTrader, along side Meta Trader 5 (MT5). These platforms cater to both manual and automated trading strategies.
- Weltrade Provides the widely-used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, known for their advanced charting tools and automated trading capabilities
Trading Costs & Leverage
| Feature | Deriv | Weltrade |
|---|---|---|
| Commission | None | None |
| Spreads | From 0.9 pips (Forex) | From 0 pips (Forex) |
| Leverage | Up to 1:1000 (Forex), 1:500 (Indices) | Up to 1:1000 (Forex), 1:20 (Crypto), 1:10000 (indices) |
| Inactivity Fee | Yes | Yes |
| Deposit/Withdrawal Fees | Varies by method; some fees apply | Generally no fees; some methods may apply fees |
Education Material availability
- Deriv: Offers a comprehensive educational section with video tutorials, webinars, articles, and market analysis to assist traders in enhancing their skills whilst Weltrade Provides a trading academy with video lessons, e-books, articles, and quizzes for different levels of traders. They also host regular webinars and seminars on various trading topics.
🛡️ Regulation & Security
- Deri: Regulated by multiple authorities including the Malta Gaming Authority (MGA), British Virgin Islands Financial Services Commission (BVI FSC), Vanuatu Financial Services Commission (VFSC), and Labuan Financial Services Authority (LSA).
- Weltrade: licenced by the International Financial Services Commission of Belize (IFSC) and the Financial Sector Conduct Authority of South Africa (FCA).
🏆 Awards Won
- Derv: Awarded ‘Broker of the Year – Global’ and ‘Most Trusted Broker – Africa’ at the Finance Magnates Awards2024.
- Weltrae: Recognized for its comprehensive educational resources and quick withdrawal processing times
✅ CONCLUSION
- Choose Deriv if you prefer a variety of trading platforms with innovative features and a wide range of tradable assets, including synthetic indices and cryptocurrencies.
- Choose Weltrade if you value comprehensive educational resources and prefer trading on the MetaTrader platforms with competitive spreads and quick withdrawal processing times.
- In addition if you’re into *algorithmic trading or synthetic markets, Deriv is a solid choice but If you prefer *classic MT4 trading with more account flexibility, Weltrade may be better
Furthermore, Consider your trading preferences and priorities to select the broker that best aligns with your needs.
Account registrations
DERIV account click and register here now
Weltrade click and register here now
Related topics
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