Deriv vs IG Forex Broker Comparison
A head-to-head comparison of Deriv and IG across regulation, trading costs, platforms, and editorial scoring.
Veteran retail broker with MFSA, VFSC, FSC BVI, and LFSA licensing, best known for synthetic indices - volatility-simulated instruments that trade around the clock - alongside a standard forex and CFD offering.
VS
IG invented spread betting in 1974 and remains the benchmark for experienced UK and European traders: unmatched market breadth, a genuinely excellent proprietary platform, and regulatory credibility that few brokers can match - at the cost of slightly higher charges than specialist ECN desks.
Our Verdict
IG winsClear Winner
IG comes out ahead with an editorial score of 4.8/5 compared to Deriv's 4.1/5.
IG
4.8/5
Deriv
4.1/5
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
Deriv offers tighter spreads from 0.5 pips vs 0.6 pips for IG, reducing trading costs.
Best for safety & regulation
Recommended
IG has a stronger safety profile: top-tier regulation, compensation scheme, segregated funds, negative balance protection.
Best for platform choice
It's a tie
Both equally suited
Both brokers offer an equivalent platform selection with similar exclusive and proprietary options.
Best for beginners
Recommended
IG edges out Deriv with a higher editorial score (4.8/5 vs 4.1/5), indicating a stronger overall experience for new traders.
Deriv vs IG: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.1/ 5 | 4.8/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.0 / 5 | 5.0 / 5▲ |
Fees & Spreads 30% weight | 4.2 / 5 | 4.8 / 5▲ |
Platforms & Tools 20% weight | 4.2 / 5 | 5.0 / 5▲ |
Customer Support 10% weight | 3.9 / 5 | 4.5 / 5▲ |
| Founded | 1999 | 1974 |
| Headquarters | Birkirkara, Malta | London, United Kingdom |
| Min deposit | $5 | No minimum |
| Spreads from | 0.5 pips | 0.6 pips |
| Commission / lot | N/A | N/A |
| Max leverage | 1000:1 | 30:1 |
| Withdrawal fee | Free | Free |
| Regulators | LFSA FSC BVI VFSC MFSA | FCA ASIC DFSA BaFin Finansinspektionen Finanstilsynet FMA CMVM CBI KNF Finanstilsynet |
| Platforms | Proprietary Web/Mobile MetaTrader 5 DXtrade | MetaTrader 4 Proprietary Web/Mobile TradingView |
| Active bonuses | ||
| Visit broker | Visit Deriv | Visit IG |
Deriv vs IG 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
Negative balance protection
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Proprietary trading platform available
Transparent pricing with clear cost disclosure
24/5 live chat support
Multilingual customer support
Pros
LSE-listed with FCA and ASIC regulation - among the most credible regulatory stacks in retail CFDs
19,000+ markets including weekend crypto, volatility indices, and EM pairs - genuine breadth, not a padded count
Proprietary platform with ProRealTime charts, Reuters news, and DMA equity routing built in
Spread betting available for UK clients - tax-free gains on the same account used for CFD trading
No minimum deposit and no deposit or withdrawal fee on standard methods
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Cons
Synthetic indices are proprietary instruments, not conventional regulated assets
Regulatory quality varies significantly by entity (MFSA vs VFSC/FSC BVI)
Customer support can be slow during peak periods
No top-tier regulatory licence
No investor compensation scheme
No raw spread account option
Limited charting capabilities
No phone support
Cons
Market maker on forex - not suitable for scalpers who need sub-0.1 pip raw ECN spreads
Inactivity fee of £12/month kicks in after 24 months with no trades
Onboarding verification is slower than smaller or offshore brokers
Customer support quality drops outside UK business hours
Deriv vs IG: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
1
Deriv
criteria win
4
IG
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | Deriv | IG |
|---|---|---|
| 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 | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Pass | Pass |
| 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 IG: Frequently Asked Questions
Based on our independent editorial scoring, IG ranks higher with a score of 4.8/5 vs 4.1/5 for Deriv. The best choice still depends on your individual trading needs; Deriv and IG may each suit different trader profiles.
Deriv offers tighter spreads starting from 0.5 pips, compared to IG's spreads from 0.6 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
IG has a lower minimum deposit of no minimum required, while Deriv requires at least $5. This makes IG more accessible for traders with limited starting capital.
IG holds top-tier regulation (FCA, ASIC, DFSA), providing stronger investor protections. Deriv may be regulated but does not hold top-tier status in our data. Always verify regulatory status with the broker directly before depositing funds.
For beginners: IG has a lower minimum deposit (no minimum), lowering the barrier to entry; both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
Deriv offers maximum leverage of 1000:1, while IG offers up to 30:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
Deriv supports Proprietary Web/Mobile, MetaTrader 5, DXtrade and IG offers MetaTrader 4, Proprietary Web/Mobile, TradingView; both support Proprietary Web/Mobile; Deriv exclusively offers MetaTrader 5, DXtrade; IG exclusively offers MetaTrader 4, TradingView.
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Score 4.1 / 5
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