When it comes to trading platforms, TradingView and Deriv TradingView are two names that frequently pop up among traders and investors. Both platforms offer excellent tools to analyze financial markets, but they serve slightly different purposes. If you’re still asking the question of, “TradingView vs Deriv TradingView: What’s the difference?” you’ve come to the right place.

This article breaks down the key distinctions between these platforms, covering their features, usability, and audience. We will also compare their benefits and limitations to help you make an informed decision.

Overview of TradingView and Deriv TradingView

TradingView refers to the standalone charting platform offering advanced technical analysis tools and a social trading community.

On the other hand, Deriv TradingView refers specifically to the integration of TradingView charting capabilities within the Deriv trading platform, allowing users to access the same advanced charting features directly within their Deriv account to analyze and execute trades on the Deriv platform.

Essentially, the core functionality of the charting tools is the same, but the access point and trading execution are tied to the Deriv platform when using Deriv TradingView.

Features of TradingView

Advanced Charting Tools

You get access to a wide range of charts, indicators, and drawing tools to analyze market trends.

Wide Market Access

You can explore global markets like stocks, forex, cryptocurrencies, commodities, and more.

Social Trading Community

TradingView lets you connect with other traders, share ideas, and follow market insights.

Custom Indicators

You can create your own indicators using TradingView’s Pine Script.

Multiple Broker Integration

You’re free to connect your account with various brokers for seamless trading.

Alerts

You can set custom alerts for price movements or indicator triggers, so you never miss a trade.

Mobile and Desktop Compatibility

Whether on your phone or computer, you can access your charts and analysis anywhere.

Features of Deriv TradingView

Seamless Integration with Deriv

You can use TradingView’s charting tools directly within the Deriv platform without a separate account.

Focus on Synthetic Indices

Deriv TradingView is optimized for Deriv’s unique markets like synthetic indices, along with forex and commodities.

Easy Trade Execution

You can place trades directly on Deriv while analyzing charts on TradingView.

No Additional Cost

You don’t need to pay extra for TradingView tools when using them through Deriv.

User-Friendly for Deriv Traders

Everything is streamlined for those already familiar with Deriv’s platform and instruments.

Mobile-Friendly

You can trade and analyze on the go, just like you would with TradingView

Key Differences Between TradingView and Deriv TradingView

While both platforms share some similarities, their differences are crucial for determining which one suits your needs.

Category	TradingView	Deriv TradingView
Platform Focus	Focuses on being a universal tool for traders across various markets like stocks, crypto, forex, and commodities. It functions as a standalone platform with brokerage integration.	Tailored specifically for Deriv users, emphasizing synthetic indices and forex trading while leveraging TradingView’s advanced charting tools.
Market Coverage	Covers a broad spectrum of markets, including global stock exchanges, cryptocurrencies, futures, and options.	Primarily focuses on Deriv’s markets, such as synthetic indices, forex pairs, and commodities.
Account Integration	Requires separate accounts for charting and trading, depending on your broker.	Offers seamless integration with your Deriv account, allowing you to trade directly from the charts.
Accessibility and Costs	Offers a free version with limited features and several paid tiers for advanced users.	Access to TradingView’s tools is included as part of the Deriv platform, often without extra costs, depending on your account type.
User Audience	Best for experienced traders, professional analysts, and those who want community interaction.	Ideal for beginners and intermediate traders who are already part of the Deriv ecosystem.

Features Comparison: TradingView vs Deriv TradingView

A. Charting Tools

• TradingView: Offers hundreds of indicators, drawing tools, and customization options. Popular features include multi-timeframe analysis and Pine Script for creating custom indicators.
• Deriv TradingView: Provides most of the core charting functionalities of TradingView but is optimized for Deriv instruments like synthetic indices.

B. Community and Social Features

• TradingView: Known for its active social network, where users share trading ideas, strategies, and market insights.
• Deriv TradingView: Lacks the community features of TradingView, as it is primarily a trading-focused platform.

C. Trading Capabilities

• TradingView: Requires broker integration for executing trades, offering flexibility in choosing your broker.
• Deriv TradingView: Fully integrated with the Deriv platform, allowing direct execution of trades on Deriv instruments.

D. Educational Resources

• TradingView: Offers tutorials, blogs, and idea-sharing features for learning technical analysis.
• Deriv TradingView: Includes limited educational resources, as it focuses more on trading than learning.

Pros and Cons of TradingView

Pros:

• Extensive charting tools.
• Wide market coverage.
• Active trader community.
• Flexible brokerage options.

Cons:

• Can be overwhelming for beginners.
• Paid features can be expensive.

Pros and Cons of Deriv Trading View

Pros:

• Easy integration with Deriv accounts.
• Optimized for synthetic indices and forex.
• No additional costs for TradingView tools.

Cons:

• Limited to Deriv markets.
• Lacks the social and community features of TradingView.

Choosing the Right Platform for Your Needs

When to Choose TradingView

TradingView is the better choice if you:

• Need access to a broad range of financial markets.
• Want to leverage a large community of traders for insights and ideas
• Require advanced charting tools and custom scripts.

When to Choose Deriv TradingView

Deriv TradingView is ideal if you:

• Trade primarily on the Deriv platform.
• Focus on Deriv-exclusive markets like synthetic indices.
• Prefer simplicity and seamless integration with your trading account.

Conclusion

In the debate of TradingView vs Deriv TradingView, the choice ultimately depends on your trading goals and preferences. Both platforms have their strengths and limitations, so understanding your trading style and market focus will help you pick the right one. 

If you’re looking for diversity and an interactive trading community, TradingView is the way to go. On the other hand, if you prefer simplicity and Deriv’s unique offerings, Deriv TradingView is your best bet.

Frequently Asked Questions (FAQs)

1. What is the main difference between TradingView and Deriv TradingView?

TradingView is a standalone charting and trading platform, while Deriv TradingView is an integration of TradingView’s tools into the Deriv platform, focusing on synthetic indices and forex.

2. Can I trade directly on TradingView?

Yes, but you’ll need to connect it to a compatible broker to execute trades directly from the platform.

3. Is TradingView free to use?

TradingView offers a free version with basic features, while advanced tools require a paid subscription.

4. Is Deriv TradingView suitable for beginners?

Yes, especially if you’re already familiar with the Deriv platform. Its integration simplifies trading for users focusing on synthetic indices and forex.

5. Which platform is better for synthetic indices?

Deriv TradingView is better for synthetic indices, as it is specifically tailored for Deriv’s unique offerings.