Derivvs
IC MarketsForex Broker Comparison
Presented side-by-side, Deriv and IC Markets clash on regulation, costs, and platform options. The matchup highlights divergent strengths in spreads, platform breadth, and instrument availability.
Our Verdict
IC Markets winsClear Winner
IC Markets leads overall on the editorial score against Deriv, driven by stronger Fees & Spreads and Platforms & Tools.
IC Markets
4.7/5
Deriv
4.1/5
Key Differences
- 1IC Markets offers true ECN with 0 pip spreads and $7/lot.
- 2Proprietary platform exists only with Deriv.
- 3Phone support is available at IC Markets; Deriv lacks.
Who should choose Deriv vs IC Markets?
Find out which broker best suits your trader profile.
Choose Deriv if…
Choose Deriv if you want a $5 minimum deposit.
Choose IC Markets if…
Choose IC Markets if you want true ECN spreads with a $7/lot commission and MT4, MT5, and cTrader.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
IC Markets offers tighter spreads from 0.00 pips vs 0.50 pips for Deriv, reducing trading costs.
Best for safety & regulation
Recommended
Deriv vs IC Markets: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.1/ 5 | 4.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.0 / 5 | 4.6 / 5▲ |
Deriv vs IC Markets Forex Broker Pros & Cons
Pros
Synthetic indices trade 24/7, unique offering unavailable at mainstream brokers
Very low $5 minimum deposit
Multi-platform: DTrader, MT5, Deriv X, SmartTrader
MFSA (Malta/EU) licensing for European clients
Client funds held in segregated accounts
Deriv vs IC Markets: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
1
Deriv
criteria win
5
IC Markets
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | Deriv | IC Markets |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Fail | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Pass | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Fail | Pass |
| Multilingual support | Pass | Pass |
Deriv vs IC Markets: Frequently Asked Questions
IC Markets rates 4.7/5 versus 4.1/5 for Deriv. IC Markets edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
IC Markets starts from 0 pips, tighter than Deriv's 0.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Deriv has $5, while IC Markets requires at least $200. This makes Deriv more accessible for traders with limited starting capital.
IC Markets holds top-tier regulation (FSCA, ASIC, CySEC), providing stronger investor protections. Deriv may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
For beginners, two factors stand out: Deriv requires a lower minimum deposit ($5), lowering the barrier to entry, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
Deriv lists maximum leverage of 1000:1, while IC Markets lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
IC Markets charges $7 per lot on commission-based accounts. Commission details for Deriv are not currently available. Check their website for up-to-date pricing.
Deriv supports MetaTrader 5, Proprietary Web/Mobile, DXtrade, while IC Markets supports cTrader, MetaTrader 5, TradingView, MetaTrader 4. Both provide MetaTrader 5. Deriv has exclusive access to Proprietary Web/Mobile and DXtrade. IC Markets has exclusive access to cTrader and TradingView and MetaTrader 4.
