Deriv Broker Review

Since Deriv is a multi-asset broker in Malta, this trading platform is popular among traders. As a result, their investors have access to various trading platforms and financial assets. Thus, forex trading becomes easier with Deriv.

With a powerful client support team, new traders can access various educational resources. Furthermore, the broker offers competitive trading conditions such as STP execution, tight spreads, leverage of 1:1000, a minimal deposit requirement of $5, and more. Such conditions are ideal for forex trading.

Different jurisdictions regulate Deriv. Also, traders can choose from three different types of trading accounts. Moreover, Deriv provides access to a demo account so that new traders can fully comprehend this trading platform and its forex trading strategies.

You can find our transparent Deriv Broker review below. Broker reviews are updated frequently!

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Deriv broker regulation

To determine the actual benchmark of a broker’s reliability and safety, you must determine which of its regulators is its watchdog.

Malta Financial Services Authority (FSA) is the regulator of the broker in the EU. Outside of Europe, Deriv is regulated by the British Virgin Islands Financial Services Commission (FSA) and the Vanuatu Financial Services Commission (FSC).

Aside from that, Labuan’s Financial Services Authority regulates this forex broker.

Deriv reliability

Your Deriv real account, email, online banking, e-wallet, etc., should all have strong and varied passwords. Try to make them as impossible to guess as possible. Maintain your web browser’s security using Google Chrome, and always make sure it is up-to-date. Your browser automatically updates with new security patches.

Don’t share your login information with anyone to prevent unauthorised use of your account. Instead, secure your password, PIN, and username. These securities make the Deriv broker reliable and secure.

Safety for customers

A trader must verify the safety of their funds before making a trade decision. Through Deriv.com, users’ funds remain separate from any business activities of the brokerage by being kept in a registered and safe organization. The user can withdraw funds at any time.

The user also retains protection in the unlikely event that Deriv declares bankruptcy; the client receives a full refund because their funds do not merge with the firm’s capital.

The firm and its clients’ safety is a top priority at Deriv. Consequently, the firm implements some of the best security protocols, like SSL encryption, to ensure the safety of its users’ funds.

Law and ethical standards are strictly adhered to by the firm. Furthermore, the company encourages its clients to trade safely and sensibly. Deriv helps clients improve their trading experience by practising safe and sensible forex trading.

Deriv tradeable products

More than 100 assets are available to the users inside the financial markets on which its traders can trade.  Some of the most popular trading products are the following:

• The CFDs available at Deriv.com span the following markets:
  Forex – Over 30 different FX currencies, including majors, minors, and exotics
  Stock indices – Make predictions about price movements in the US, Asian, and European stock indexes.
  Synthetic indices – Synthetic indices use random generators to replicate market conditions securely, and they are available 24/7, so you can achieve consistent volatility at all times. Visit Deriv’s volatility indices for more information.
  Commodities – Gold, silver, and oil are among the precious metals and energy commodities.
  Cryptocurrencies – Buy and sell popular crypto tokens like Bitcoin (BTC) and US Dollar (USD)
  At Deriv.com, you can also find options and multipliers. A trader who correctly predicts price movements without owning the underlying asset can profit from options. You will see profit from the Rise/Fall option if you can predict the exit point either above or below the entry points. You can choose from more than a dozen different payout options.
  To maximize potential returns, users often take several positions when using multipliers. The trader can also lose no more than the amount of their initial deposit, so their risk is limited. Investing in multipliers is similar to investing in the margin.

Deriv account types

Traders can choose from three main types of accounts for forex trading and CFDs. Those three types of accounts include:

• Financial account
• Financial STP account
• Synthetic account

Financial account

Traders who are new to trading can use the financial account. It is suitable for beginners as well as for professionals. Traders can trade foreign currency, commodities, cryptocurrencies, and minor currency pairs with high leverage in this account type.

So, this account offers traders variable spreads and high leverage to broaden their trading options.

Financial STP account

A Financial STP account allows traders to trade minor, major and exotic currency pairs. Moreover, high trading volumes and wide spread are available with this account type. Plus, traders directly access the forex liquidity providers through this account.

Synthetic account

Synthetic accounts allow traders to trade 24 hours a day, seven days a week. Also, trading CFDs on synthetic indices is available through this account.

Deriv- opening an account

The process of opening an account with Deriv is straightforward. You must submit your basic information and complete the complicated registration process to get started.

You will be asked for your email address, password, full name, and financial details during the registration process. There are no specific requirements for opening an account with Deriv.

A user must be at least 18 years old to create an account. However, Deriv Broker does not accept applicants under 18 because minorities are counted in the regulations.

Verifying the account is crucial. Otherwise, you won’t be able to start trading right away. Any fake or incorrect information given during registration can also lead to immediate account cancellation.

How to open an account on Deriv?

Deriv allows you to create a real account in just a few clicks. Enter your email address, and you can sign up immediately. With the same login ID and password you use for Binary.com, you can also log on to Deriv.

Signing up for a Deriv’s forex trading account is simple. It would help if you did the following:

• Visit the Deriv website.
• You can create a free demo account or sign up using your social network account on the signup screen.
• Select the “Create demo account” option after entering your email address.
• In your email account, you will receive a link that you can use to validate your registration. Verify your email by clicking “Verify my email.”
• Upon clicking “Start trading,” you will be taken to a new screen where you can create a free demo account, specify your location, enter your password, and set up your trading account.

Good luck! It’s time for you to start using your Demo Account! The Demo Account comes with $10,000 of virtual money.

You can open a real account by following these steps:

• From the “Demo” tab, select the “Real” tab.
• Afterward, click “Derivation Accounts” and select “Add.”.
• Choose a currency and then click “Next.”.
• Click “Next” and provide your personal information.
• Click on “Next” to enter your location information.
• Review the Terms of Service, check the box and click “Add account.”

You have successfully signed up for a Real Account. You have successfully signed up for a Real Account.

Deriv account currency

Deriv allows you to trade in many different currencies. Some of these include:

• USD
• AUD
• GBP
• EUR
• BTC
• ETH
• LTC
• USDT
• eUSDT
• USDC

Deriv trading platforms

The broker offers superior trading platforms and apps for an excellent trading experience.

DTrader

The Dtrader is a web-based trading platform that does not require downloading. Furthermore, it is reliable and user-friendly. The trading platform provides a total of 50  assets for trading with a minimum stake of $0.35. However, the maximum layout is 200%.

Additionally, the charting capability is highly advanced, with some excellent technical indicators. It has a running capacity of 1 second up to 365 days or one-year maximum.

SmartTader

Digital trading is made easier with the SmartTrader platform. It comes with several excellent features for opening a new trade. Using an open mask option for execution is the most reliable one.

DMT5

DMT5 is another name for MetaTrader 5 (MT5). With this platform, both beginners and advanced traders can trade multi-assets.

With this platform, a trader can start trading with more than 70 assets and leverage up to 1:1000. The platform can be downloaded for free. In addition, it has a maximum lot size of around 30 and has advanced charting features.

In addition, a trader can experience smooth trading using well-developed technical indicators.

DBot

In Deriv, the DBot platform is the one that doesn’t need coding. Instead, the platform enables you to buy and sell digital options online. A bot automatically conducts trades on the platform.

With the help of drag-and-drop blocks, a dealer can build their buying and selling bot. The system has three pre-built strategies, over 50 assets, and zero value to build. Furthermore, it has well-developed analytical tools, useful indicators, and clever common sense, such as taking profit and stop-loss points.

Deriv spreads and commission

Trading costs are influenced by various factors, including spreads, margins, and commissions. However, the spread on the currency pair is the difference between the bid and ask rates.

The margin is the amount of money needed to open an account for trading. The rate is calculated by comparing the currency price of the base currency against the US dollar. It includes the position size and the leverage applied to the account.

In general, commissions are calculated according to the type of asset you intend to trade. Sometimes the services offered by a broker can also influence commission levels. The broker levies no commission on any of its assets.

On majors, average spreads on standard accounts are as follows:

Average Standard Account Spreads on Majors

• EUR/USD: 0.5
• GBP/USD: 0.5
• USD/JPY: 1.0
• AUD/USD: 0.9

Deriv fees

Deriv requires a minimum deposit of €/£/$5 from traders. However, the deposit amount generally depends on your payment method.

Additionally, it charges a dormant fee. Inactivity fees are similar to this charge. This fee is applied to accounts that have not had any sales or purchases for more than one year.

Nevertheless, this dormant fee does not apply to Deriv clients under self-exclusion. Here are some important facts:

There is a minimum deposit requirement of around €/£/$5 at Deriv

FX and CFD trading commission rates start from 0,015% at Deriv.

After one year, an inactivity fee of $25 is imposed.

Leverage

Any trader who engages in leveraged product trading can magnify their potential profit and loss. Additionally, the trader will gain a high level of exposure in the market.

A ratio of 50:1, 100:1, or 500:1 is an average level of leverage. For example, the leverage ratio equals 100:1 for a trader whose trading account has $1000 and trades the USD/JPY pair with a ticket size of 10,000.

To experience profitable trading, traders should always remember to take advantage of high leverage. Yet, it should be done cautiously because high leverage has a high risk and can cause large losses.

Traders can also use a leverage ratio of 1:1000 with Deriv.

Deriv deposit and Withdrawal

For withdrawals and deposits, it offers its clients a variety of payment options. As a result, you can withdraw your money via the same method you deposited it. The way payments are processed from method to method.

A great feature of Deriv is that it offers hassle-free trading through bank wire, transfers, credit or debit cards, e-wallets, and cryptocurrency exchanges.

E-wallet withdrawals and deposits have a minimum amount of €/£/$ 5 when using it. However, the rest of the payment methods have different minimum amounts. The following payment methods are available at Deriv:

• Credit and debit card
• E-wallets
• Bank wire
• Cryptocurrencies

In general, withdrawals and deposits are processed within one business day. However, some methods might take more than three days.

Moreover, you can easily open your trading account in either fiat money or cryptocurrency.

What is the Deriv minimum deposit?

Deposit methods determine the minimum deposit for Deriv. Following is a list of Deriv’s specific minimum deposits:

E-wallets: AirTm, PerfectMoney, Jeton Wallet, Fasapay, and WebMoney. Instant processing of e-wallet deposits is available. Using Deriv e-wallets, you must deposit 5 of your base currency as a minimum deposit amount. Neither Skrill nor Neteller processes deposits or withdrawals to Deriv.

Credit/debit cards – Credit/debit cards are accepted and processed instantly by Deriv. With Deriv, you can deposit up to 10 USD/GBP/EUR/AUD using credit cards.

Bank wire transfer: At Deriv, the minimum deposit is $5, and most deposits are processed immediately.

Cryptocurrency: Bitcoin, Ethereum, Litecoin, and Tether are all available for deposits using cryptocurrency. Paying with cryptocurrency requires three blockchain confirmations and no minimum deposit.

Payment Agents – Deriv allows you to deposit a minimum of 10 in your base currency through payment agents.

Deriv Peer to Peer (Dp2p)- A Deriv peer-to-peer deposit requires 1 of your base currency.

Deposits are not subject to any fees by the broker.

What are the withdrawal options?

As part of its commitment to customer convenience, the broker provides all deposit and withdrawal options for withdrawals from your account.

What is the minimum withdrawal amount?

E-wallets – On Deriv, you can withdraw 5 of your base currency using an e-wallet like AirTM. It will take one working day for your withdrawal to be processed.

Credit/Debit Cards – In Deriv, you can withdraw up to 10 of your base currency using a credit card. This will take place within one working day.

Cryptocurrencies – Bitcoin permits the smallest withdrawal of 0.0026, while crypto withdrawals require three blockchain confirmations plus one working day.

Payment Agents – A minimum withdrawal of $10 of the base currency is allowed via payment agents.

Deriv Peer to Peer (Dp2p)– DP2P allows you to withdraw a minimum of $1.

Withdrawing profits is free of charge for customers of the broker.

Deriv education & research

Education

New traders must obtain extensive knowledge and apply it before starting to trade at any level using Deriv. Thus, having a basic understanding of trading is necessary for achieving success.

Traders can take advantage of educational resources provided by this forex provider, but it is a hindering factor for the new trader.

Research

You can also find some research material from your broker on how to trade with confidence. This guide will teach you when you can lose money and make huge profits.

Additionally, the broker has some basic research tools available from trading platforms. You can gain more profits over your trading accounts by using research tools to identify market trends.

Deriv customer service

You can expect prompt customer support available for you f you have any queries regarding this platform and how it works. Their customer support team is available 24 hours on weekdays.

You can reach the team by calling +44 1942 316229. In addition, you can email your queries to support@deriv.com. You can find more information about the broker in the FAQ section.

Deriv bonuses and promotions

Several brokers offer their users deposit bonuses to differentiate them with certain conditions to benefit from their deposits. In other words, they provide bonuses.

When a client has proven itself to e an active trader, bonuses usually start returning the expenses. The broker offers a no deposit bonus which can encourage a new trader to trade even more.

The traders should start trading with high volumes to use the no deposit bonus more. However, ensure you do not withdraw profits because that would be worthless.

What is Deriv.com‘s binary options trading process? 

Trading binary options on Deriv does not require a special account. Before setting up the different accounts above, you should set up your main ‘account’ during the registration process. The broker offers several Binary options, including Rising/Fall, Higher/Lower, Odd/Even, and Touch/No Touch.

Why Is Deriv.com different from Binary.com?

With the launch of Deriv.com, the Binary.com brand continues to evolve and refresh. Deriv.com will gradually replace Binary.com. With their original login credentials, traders from Binary.com can access their accounts on Deriv.com.

Derive’s affiliate program

There are three types of affiliate programs offered by Deriv: traders can earn additional earnings by (i) referring new users to the broker, (ii) gaining profits from options, and (iii) inviting new users.

Affiliate program types, the client’s performance, and how much the affiliate program participants earn. Members will receive a 45% commission if the referral’s income is more than $20,000 and 30% if it is less than $20,000. There are two prerequisites for earning $100 income for referring new clients to Deriv: the new client must make an initial deposit of $100, and both clients must be EU citizens. Therefore, this affiliate program is unavailable to traders outside the United States.

Deriv special features

Charting capabilities are advanced and customisable at Deriv. Undoubtedly, technical analysis and charting analysis are crucial in trading. Charts will allow traders to track price movements as well as price history.

Deriv has an easy-to-understand charting system that even a novice can understand. For this reason, it is important for beginners and new traders.

It isn’t easy to find many educational resources at Deriv.com compared with many other online brokers. For beginners, strategy tips and market commentary can be very helpful, but this is a pity.

Nonetheless, Deriv has a live community forum where you can discuss trading with other traders. In the academy section, novices can learn about specific markets, such as forex, commodities, or synthetic indices.

There are also live signals available through the broker. MetaTrader 5 allows users to subscribe to seasoned traders to mimic their strategies and trades. Rather than monitoring markets and manually executing positions, traders save time and do not have to pay hidden fees or commissions. As an experienced trader, you may also offer signal services for additional income.

Here is the process of subscribing to an MT5 signal:

• On the DMT5 platform, choose the ‘signals’ tab.
• Click on ‘subscribe’ after selecting a signal provider.
• Adapt your risk management and trading parameters

DMT5 signals

Trading on DMT5 is just one of Deriv’s proprietary trading platforms that can turn a profit no matter what level of experience a trader has or how much time they have to study the market or build a strategy. DMT5 provides trading signals from a variety of providers.

• There is no complexity to the service. An account subscriber receives his trades automatically after you subscribe to a professional trader.
• Trading signals are available at the discretion of the client.
• Traders can evaluate the effectiveness of providers on the DMT5 platform by looking at statistics and complete information.
• You can renew your subscription to the provider one month after it expires.
• Using the DMT5 platform, you can select traders for trading signals. MQL5 traders can access Deriv’s extended provider base.

The DMT5 platform aims to be used by both traders and signal providers.

Deriv opening hours

Trading at Deriv is available 24/7, based on the operating hours of the respective markets. Due to a reduction in volume, spreads are typically less competitive during the weekend.

Accepted countries

Trading is possible at Deriv.com from most countries, including Australia, Thailand, South Africa, Singapore, India, Germany, Norway, Sweden, Italy, Denmark, Saudi Arabia, Kuwait, Luxembourg, Qatar, and others.

Deriv.com is unavailable in the following countries: the United States, Canada, Hong Kong, Israel, France, Jersey, Malaysia, Malta, Paraguay, United Arab Emirates, United Kingdom, Spain, Portugal, and United Arab Emirates.

Broker FAQ

Thinking of Trading with Deriv Broker?

How many trading platforms are there on Deriv?

DMT5, DTrader, and DBot are three different trading platforms at Deriv.

Does Deriv offer a leverage ratio?

Yes, Deriv offers maximum leverage of around 1:1000.

How much spread can you expect from a Deriv?

Spreads were available on a variety of trading accounts. Even Deriv claims to offer tight spreads and low trading fees.

Is there a commission charged by Deriv?

Only cryptocurrencies are charged with a commission. However, their website does not specify the commission amount.

Has Deriv been fully regulated?

Three regulatory bodies oversee the operation of Deriv, including VFSC, FSC, and IBFC.

Our verdict

Deriv is among the most popular and leading brokers in the forex market. It has developed its services and products to provide clients with a great trading experience by providing extensive services and products.

However, what separates Deriv from other brokers currently available in the forex market is its capability to offer more than 100 trading assets. Also, it guarantees flexibility.

Bottom line

To conclude our discussion, we will state that Deriv is a legit and safe trading platform. In addition to being transparent, it is fully regulated and complies with high standards.

Deriv offers superior customer service, low trading fees, and more. The company offers a wide range of services to traders of all levels, both beginners and professionals.

Deriv has been legally operating in the trade market for over two decades and constantly updates, improves and develops. Its priority is providing excellent customer service, and the organization drives development. Traders now have more choices and alternatives regarding how they want to execute their trades.

Over 100 instruments are available for investing, including forex, stocks, commodities, and indices. There is a wide range of trading options available. There is simplicity, user-friendliness, and robustness to the platforms. The leverage is approximately 1:1000 at the firm. Various tools have been improved and developed, and customer service has become more effective.

Its expertise, verified statistics, and dedication to serving clients through the goods and facilities this firm provides make it a highly recommended company. There can be no doubt that Binary.com‘s new look is solid, well-planned, and worth it.

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