Deriv vs TPFx Forex Broker Comparison
A head-to-head comparison of Deriv and TPFx 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
A fully BAPPEBTI-licensed and OJK-registered Indonesian broker, offering domestic traders compliant access to forex and commodity futures markets.
Our Verdict
Deriv winsby 0.4 pts
Deriv edges ahead with a score of 4.1/5 vs TPFx's 3.7/5. A narrow margin, so review the breakdown below to see where each broker has a clear advantage.
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 1.5 pips for TPFx, reducing trading costs.
Best for safety & regulation
Recommended
Deriv has a stronger safety profile: segregated funds, negative balance protection.
Best for active traders
It's a tie
Both equally suited
Both brokers offer equivalent trading costs across spreads, commissions, and account types.
Best for platform choice
Recommended
Deriv offers more exclusive platform options: DXtrade, a proprietary platform.
Best for beginners
Recommended
Deriv edges out TPFx with a higher editorial score (4.1/5 vs 3.7/5), indicating a stronger overall experience for new traders.
Deriv vs TPFx: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.1/ 5 | 3.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.0 / 5▲ | 3.7 / 5 |
Fees & Spreads 30% weight | 4.2 / 5▲ | 3.7 / 5 |
Platforms & Tools 20% weight | 4.2 / 5▲ | 3.7 / 5 |
Customer Support 10% weight | 3.9 / 5▲ | 3.7 / 5 |
| Founded | 1999 | 2010 |
| Headquarters | Birkirkara, Malta | Jakarta, Indonesia |
| Min deposit | $5 | $60 |
| Spreads from | 0.5 pips | 1.5 pips |
| Commission / lot | N/A | N/A |
| Max leverage | 1000:1 | 100:1 |
| Withdrawal fee | Free | Free |
| Regulators | FSC BVI VFSC LFSA MFSA | BAPPEBTI OJK |
| Platforms | MetaTrader 5 Proprietary Web/Mobile DXtrade | MetaTrader 5 Proprietary Web/Mobile |
| Active bonuses | ||
| Visit broker | Visit Deriv | Visit TPFx |
Deriv vs TPFx 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
BAPPEBTI-licensed and OJK-registered - full Indonesian regulatory compliance
OJK registration no. S-130/PM.02/2025 is publicly verifiable
Supports MetaTrader 5 alongside proprietary platform
Local Indonesian bank transfer funding with IDR accounts
Client funds held in segregated accounts
Raw spread account available
No deposit fees
No inactivity fee
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
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
Only available to Indonesian residents - no international clients
Higher minimum deposit than some domestic peers
Narrow product range limited to forex and commodity futures
No top-tier regulatory licence
No negative balance protection
No investor compensation scheme
Limited charting capabilities
Support available in limited languages
Deriv vs TPFx: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
Deriv
criteria wins
2
TPFx
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | Deriv | TPFx |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Fail |
| Compensation scheme (e.g. FSCS) | Fail | Fail |
| 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 | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Fail | Pass |
| Multilingual support | Pass | Fail |
Deriv vs TPFx: Frequently Asked Questions
Based on our independent editorial scoring, Deriv ranks higher with a score of 4.1/5 vs 3.7/5 for TPFx. The best choice still depends on your individual trading needs; Deriv and TPFx may each suit different trader profiles.
Deriv offers tighter spreads starting from 0.5 pips, compared to TPFx's spreads from 1.5 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
Deriv has a lower minimum deposit of $5, while TPFx requires at least $60. This makes Deriv more accessible for traders with limited starting capital.
Deriv is regulated by FSC BVI, VFSC. TPFx is regulated by BAPPEBTI, OJK. Always confirm a broker's current regulatory status before opening an account.
For beginners: Deriv has a lower minimum deposit ($5), lowering the barrier to entry; Deriv offers negative balance protection, capping losses at your deposit amount. Also weigh up educational resources and customer support quality before deciding.
Deriv offers maximum leverage of 1000:1, while TPFx offers up to 100:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
Deriv supports MetaTrader 5, Proprietary Web/Mobile, DXtrade and TPFx offers MetaTrader 5, Proprietary Web/Mobile; both support MetaTrader 5, Proprietary Web/Mobile; Deriv exclusively offers DXtrade.
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Score 3.7 / 5
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