MetaTrader vs Deriscope

Struggling to choose between MetaTrader and Deriscope? Both products offer unique advantages, making it a tough decision.

MetaTrader is a Finance solution with tags like forex, stocks, technical-analysis, charting.

It boasts features such as Advanced charting tools, Algorithmic trading, Backtesting capabilities, Expert Advisors (EAs), Virtual Private Servers (VPS) and pros including User-friendly interface, Wide range of technical indicators, Supports automated trading, Available on desktop, web, and mobile.

On the other hand, Deriscope is a Finance product tagged with excel-addin, pricing-models, monte-carlo-simulation, risk-analysis.

Its standout features include Pricing and risk analysis of financial derivatives, Monte Carlo simulation, Integration with Excel spreadsheets, Support for various asset classes like equities, FX, interest rates, credit, commodities, Analytics for vanilla and exotic options, Calculation of greeks and implied volatility, Scenario and sensitivity analysis, Customizable pricing models, Automated model calibration, and it shines with pros like Powerful functionality for derivatives analytics, Tight integration with Excel for ease of use, Flexibility to build custom models, Risk analysis capabilities, Automation saves time compared to manual modeling.

Feature	MetaTrader	Deriscope
Overall Score	N/A	N/A
Primary Category	Finance	Finance

Product Overview

MetaTrader

Description: MetaTrader is a popular trading platform used for online trading in the forex, CFDs, futures, and stock markets. It offers advanced charting tools, backtesting capabilities, algorithmic trading, Virtual Private Servers (VPS), and Expert Advisors (EAs).

Deriscope

Description: Deriscope is an Excel add-in for financial derivatives analytics and Monte Carlo simulation. It allows creating flexible pricing models and analyzing risks in Excel spreadsheets.

Key Features Comparison

MetaTrader Features

• Advanced charting tools
• Algorithmic trading
• Backtesting capabilities
• Expert Advisors (EAs)
• Virtual Private Servers (VPS)

Deriscope Features

• Pricing and risk analysis of financial derivatives
• Monte Carlo simulation
• Integration with Excel spreadsheets
• Support for various asset classes like equities, FX, interest rates, credit, commodities
• Analytics for vanilla and exotic options
• Calculation of greeks and implied volatility
• Scenario and sensitivity analysis
• Customizable pricing models
• Automated model calibration

Pros & Cons Analysis

MetaTrader

Pros

• User-friendly interface
• Wide range of technical indicators
• Supports automated trading
• Available on desktop, web, and mobile

Cons

• Only works with brokers that support MetaTrader
• Limited customization options
• Less securities available compared to other platforms

Deriscope

Pros

• Powerful functionality for derivatives analytics
• Tight integration with Excel for ease of use
• Flexibility to build custom models
• Risk analysis capabilities
• Automation saves time compared to manual modeling

Cons

• Steep learning curve
• Limited documentation and support
• Add-in can slow down Excel
• Expensive compared to open source alternatives

Pricing Comparison

MetaTrader

• Free
• Subscription-Based

Deriscope

• One-time Purchase
• Subscription-Based