Deriv Deposit
In this article
Deriv offers several methods for depositing and withdrawing funds. Deriv deposit processing supports Bank Wire transfers, Credit and Debit Cards, EWallets, and Cryptocurrency deposits and withdrawals.
It is possible to transfer funds via Bank Transfer, Bitcoin, or Dragon Phoenix.
It also offers the options of Ethereum, FasaPay, Help2Pay, Jeton, Litecoin, Maestro, Mastercard, Neteller, Paysafecard, Paytrust88, Perfect Money, etc. as well as Qiwi, Skrill, STICPAY, Tether, or VISA, WebMoney, and ZingPay.
Fund deposits and withdrawals are free at Deriv. Hence, various funding methods require different minimum requirements, currencies, and processing times.
Deriv MT5 accounts can be credited or withdrawn by logging into the client portal on Deriv’s website.
Different funding methods used by Deriv for withdrawal/deposit?
Transferring funds for Deriv can be done in different ways. So what is the best method of deposit for you? Here we have a list of funding methods and their detailed descriptions. So let’s take a look!
1. Bank Transfer
You can quickly deposit and withdraw money straight from your bank account. However, there can be some bank charges applied.
2. Paytrust88
This funding method can be used even on mobile devices for quick deposit processing. It supports significant banks in China, Indonesia, South Korea, Thailand, and Vietnam.
3. Help2Pay
Help2Pay is an online payment service for Southeast Asia, offering online bank transfers.
4. Dragon Phoenix
The DragonPhoenix payment facility allows Southeast Asia to make online bank transfers.
5. ZingPay
By using your bank account in South Africa, you can choose to deposit and withdraw money very quickly.
6. VISA
You can use your Visa credit or debit card to deposit and withdraw quickly. However, interest rates, as well as fees, are also applied.
7. Mastercard
Using the Mastercard debit or credit card, you can deposit and withdraw funds. Interest and charges apply.
8. Maestro
Use your Maestro debit card to make deposits and withdrawals.
9. FasaPay
Deposits and withdrawals are fast, low fees are charged, and downloadable transaction history.
10. Perfect Money
Deposits and withdrawals are cheap and easy with this method. Few essential features include auto-payments, interest-bearing accounts, and real-time statements.
11. Skrill
It is quick, easy to use, and available anywhere and at any time. As a result, millions of trading clients worldwide are using it.
12. Neteller
Currently, it is used by more than 20 million clients all over the world. Enjoy free withdrawals and instant access to your funds.
13. WebMoney
More than 100,000 merchants use this complete payment service, with over 30 million clients and 10,000 new signups every day.
14. Qiwi
Qiwi’s signup process is easier than tying your shoelaces. Credit cards, ATMs, online banking, and other methods are all available for topping up.
15. Paysafecard
It is a convenient payment method that does not require a credit card or a bank account. It is accepted everywhere.
16. Jeton
Money transfer service that is fast and secure. By using the mobile app, you can quickly transfer money anywhere.
17. STICPAY
Transferring money has never been easier, cheaper, or faster. As a result, merchants and banks around the world accept it.
18. Airtm
Online currency conversion and money transfer to anywhere in the world.
19. Bitcoin
Bitcoin, the first cryptocurrency globally, is available for deposits and withdrawals.
20. Ethereum
Among the top 3 cryptocurrencies, Ethereum is available for deposit and withdrawal.
21. Litecoin
With Litecoin, you can deposit and withdraw funds anytime, anywhere.
22. Tether
Tether is known to be the cryptocurrency that is pegged to the US dollar that can be deposited and quickly withdrawn.
How to deposit funds in Deriv through different payment methods?
Let’s discuss in detail how you can deposit money in Deriv through different payment methods:
1. Deposit by using Visa credit or the Debit card
The currencies are accepted for a deposit of USD, or GBP, EUR, and AUD. Deposits are processed instantly. Minimum/maximum deposit: 10-10,000
How to?
- Click on Cashier in your Deriv account
- Select VISA from the Deposit menu
- Specify the required amount you would like to deposit and your credit card credentials. Then, click the Deposit button option.
- An email confirmation will be sent once the deposit transaction has been approved.
- You will also receive a confirmation email once the deposit has been made
2. Deposit by using FasaPay
USD is the accepted currency. Deposits are processed immediately. The minimum deposit requirement is $5,000, and the maximum deposit requirement is $10,000
How to?
- Go to Deriv USD’s Cashier page by logging in to your account.
- Select FasaPay from the Deposit menu
- Click on the Next option when you have entered the actual amount to deposit and mention your FasaPay account ID.
- Click the Continue button. New windows will open with your transaction.
- Fill out the FasaPay account information.
- Your email will contain a PIN for logging in to your FasaPay account.
- Click on Process after entering the PIN in the email
- Click on the Process button after reviewing the transaction form.
- In your FasaPay account, you will be notified if your deposit was successful.
- For your successful deposit, Deriv will send you an email.
3. Deposit by using Bitcoin (BTC)
Funds are readily available as soon as they are fully confirmed. No minimum deposit is required.
How to?
- Go to your Cashier page at Deriv BTC after you log in.
- Copy the Bitcoin wallet address and select deposit.
- Into your blockchain wallet, copy the address for your BTC wallet.
- The transaction will appear in the error of pending. However, your funds will eventually emerge as soon as the transaction has been 100% confirmed.
- Your Deriv account statement will show the successful deposit.
Additional information to know for depositing the minimum amount in Deriv
Creating a live account does not require a minimum deposit. When making a deposit, traders must sign in to their accounts using their credentials, select their payment method and amount, and follow further instructions, which differ according to the payment method.
When traders deposit funds in currencies other than the accepted deposit currencies, they must make sure they verify if conversion fees are charged. It is also imperative to verify that their financial institution waives transaction fees.
The name on the account where the deposit is being made must match the name on the account where the deposit is being made. Deposits from third parties are not accepted, and unidentified deposits will be returned to the source.
What is the minimum deposit for Deriv traders?
Deriv traders must deposit at least €5/£5/$5. You can choose from different payment methods for how much you would like to deposit. There is also a dormant fee with Deriv.
If an account has not made a purchase or sale for over 12 consecutive months, the dormant fee is applied. However, this fixed fee does not apply to clients who have self-excluded themselves (by their own choice or the company).
Facts to consider:
- There is a minimum deposit of 5 euros/pounds/dollars
- FX & CFD trading commissions start at 0,015%
- Inactivity fee after 12 months (dormant fee of $25)
How long does the processing of deposits and withdrawals take?
Withdrawals and deposits are processed within one business day (Monday-Friday, 9:00 a.m.-5 p.m. GMT+8). However, please be aware that some banks and money transfer services may need additional time to process your deposit request.
Table of deposit requirements through the online banking system
Method | Currencies | Max/Min. Deposit | Max/Min. Withdrawal | Processing time of deposit | Processing time of withdrawal |
Bank Transfer | USD | 5 – 50,000 | 5 – 50,000 | 1 working day | 1 working day |
PayTrust | USD | 10 – 17,000 | Not Applicable | 1 working day | Not applicable |
Help2Pay | USD | 15 – 10,000 | Not Applicable | Instant | Not applicable |
Dragon Phoenix | USD | 10 – 10,000 | Not applicable | Instant | Not applicable |
ZingPay | USD, EUR, GBP, AUD | 10 – 500 | 10 – 6,000 | Instant | 1 working day |
Table of deposit requirements through credit/debit system
Method | Currencies | Max/Min. Deposit | Max/Min. Withdrawal | Processing time of deposit | Processing time of withdrawal |
VISA | USD, EUR, AUD, GBP | 10 – 10,000 | 10 – 10,000 | Instant | 1 working day |
MasterCard | USD, EUR, AUD, GBP | 10 – 10,000 | 10 – 10,000 | Instant | 1 working day, only for UK clients |
Maestro | USD, EUR AUD, GBP | 11 – 10,000 | 10 – 10,000 | Instant | 1 working day, only for UK clients |
Diners Club International | USD, EUR AUD, GBP | 10 – 10,000 | 10 – 10,000 | Instant | 1 working day |
JCB | USD | 10 – 10,000 | 10 – 10,000 | Instant | 1 working day |
Table of deposit requirements through e-wallets system
Method | Currencies | Max/Min. Deposit | Max/Min. Withdrawal | Processing time of deposit | Processing time of withdrawal |
FayaPay | USD | 5 – 10,000 | 5 – 10,000 | Instant | 1 working day |
PerfectMoney | USD, EUR | 5 – 10,000 | 5 – 10,000 | Instant | 1 working day |
Skrill | USD, EUR AUD, GBP | 10 – 10,000 | 10 – 10,000 | Instant | 1 working day |
Neteller | USD, EUR AUD, GBP | 10 – 10,000 | 5 – 10,000 | Instant | 1 working day |
WebMoney | USD, EUR | 5 – 3,000 | 5 – 10,000 | Instant | 1 working day |
Airtm | USD | 5-2,500 | 5-2,500 | Instant | 1 working day |
OnlineNaira | USD | 10-1,000 | 10-10,000 | Instant | 1-2 working days |
Why trading with Deriv is the best option?
- Licenses and Regulations: Deriv is independently managed by three subsidiary companies of Binary Limited and regulated by three separate commissions, one in Asia, another in Europe, and one in South America. Investors are fully assured that their deposited funds are safe with this significant backing.
- Fast executions: Due to the improved fibre optics technology, orders on the Deriv are executed quickly, and that too at the quickest speed. Trading with instant execution means the client can trade without being irritated by a long wait for a response.
- Exceptional customer service: Deriv prioritises its customers. Customers can contact the Deriv agents by phone 24 hours a day or seven days a week. Ticket requests can also be handled quickly by clients.
- Trading bots: Deriv offers its traders the ability to use automated trading bots to trade options.
- An increasing variety of assets available for trading: As listed on the official website, Deriv offers clients over 100 assets that they can trade. Forex pairs, metals, gold, oil, commodities, cryptocurrencies, or synthetic indices are included in this trading list.
- Trading synthetic indices over the weekend: It enables traders to take full advantage of the trading weekend market. The market is always open 24/7.
- Pip minimum spread: Deriv offers tight spreads. Therefore, trades can be placed with minimum risk due to this tight spread.
- Deposit and trade amounts are low: Deriv requires just a $5 deposit and just 35 cents for a trade. As a result, traders can use small amounts to trade, learn, and learn while risking only charges they can manage.
- Demo accounts: Deriv offers free demo accounts for clients who wish to learn more about the platform and test it out.
- No hidden fees: Deriv does not charge fees for depositing and withdrawing from the platform!
FAQs
1. What is the processing time for deposits?
Unless otherwise specified, withdrawals and deposits are processed within one business day (Monday-Friday, 9:00 a.m.-5 p.m. GMT+8). Banks and money transfer services may need extra time to process your request.
2. Why is my credit card deposit consistently declined?
Clients who deposit using their credit card for the first time usually experience this. But, first, you will need to contact your bank to authorise the transaction.
3. My DMT5/DerivX real money account has been closed. When can I deposit the funds?
The funds in your Deriv account must be used to fund your MT5/Deriv X trading account on Deriv. Using the Cashier Transfer feature, you can transfer funds between your Deriv and MT5 accounts.
The transfer of funds is instantaneous. Therefore, you will see your account balance updated immediately after completing the steps.
4. My Deriv X account allows deposits of up to $10,000. What is the minimum/maximum?
Deposits are not required to be made. However, the maximum deposit per day is USD2,500.
Bottom line
As traders, we want to ensure that our money/funds are secure before investing. Using a safe and licensed institution, Deriv assures its clients that their money/funds will not be used in any business interest. Traders are also able to withdraw their funds whenever they want.
In addition, a trader is protected if Deriv fails because, even if the firm goes bankrupt, all client money will be returned to them as it wasn’t combined with the company’s money.
Jason Morgan is an experienced forex analyst and writer with a deep understanding of the financial markets. With over 15+ years of industry experience, he has honed his skills in analyzing and forecasting currency movements, providing valuable insights to traders and investors.
Forex Content Writer | Market Analyst
Relevant Posts
HotForex No Deposit Bonus
[top_three_brokers] [single_affiliate title="" id="416" size="big"] Would you like to receive a special bonus from HotForex…
Read more
Market Risk – Protect Your Capital
[top_three_brokers] Market risk is also known as risk of loss which occurs due to factors…
Read more
Is Forex Trading Legit?
[top_three_brokers] Forex trading, CFDs, and risky investments are being highlighted for all the wrong reasons…
Read more
FXTM MT4 – MetaTrader 4
[top_three_brokers] [single_affiliate title="" id="3896" size="big"] As we talk about the FXTM MT4 (MetaTrader 4) trading…
Read more
Evening Star Forex Pattern
[top_three_brokers] The evening star forex pattern is a popular type of pattern. Among several trading…
Read more
Best Leverage for Small Account
[top_three_brokers] One of the reasons many traders like forex trading is the use of leverage.…
Read more
Can Nigeria’s Cashless Policy Drive Increased Bitcoin Adoption?
The widespread adoption of Bitcoin and altcoins continues to increase globally, as their importance to…
Read more
AvaTrade Minimum Deposit
[top_three_brokers] With AvaTrade, the minimum deposit is just $100 via credit, debit, or e-wallet. When…
Read more
50 Pips a Day Strategy – Successful Trading
[top_three_brokers] To be a successful trader, you need knowledge, discipline, and experience. Although many new…
Read more
Trade245 Real Account Registration
[top_three_brokers] [single_affiliate id="11853" size="big"] Would you like to know about the Trade245 real account registration?…
Read more
HotForex No Deposit Bonus
[top_three_brokers] [single_affiliate title="" id="416" size="big"] Would you like to receive a special bonus from HotForex…
Market Risk – Protect Your Capital
[top_three_brokers] Market risk is also known as risk of loss which occurs due to factors…
Is Forex Trading Legit?
[top_three_brokers] Forex trading, CFDs, and risky investments are being highlighted for all the wrong reasons…
FXTM MT4 – MetaTrader 4
[top_three_brokers] [single_affiliate title="" id="3896" size="big"] As we talk about the FXTM MT4 (MetaTrader 4) trading…
Evening Star Forex Pattern
[top_three_brokers] The evening star forex pattern is a popular type of pattern. Among several trading…
Best Leverage for Small Account
[top_three_brokers] One of the reasons many traders like forex trading is the use of leverage.…
Can Nigeria’s Cashless Policy Drive Increased Bitcoin Adoption?
The widespread adoption of Bitcoin and altcoins continues to increase globally, as their importance to…
AvaTrade Minimum Deposit
[top_three_brokers] With AvaTrade, the minimum deposit is just $100 via credit, debit, or e-wallet. When…
50 Pips a Day Strategy – Successful Trading
[top_three_brokers] To be a successful trader, you need knowledge, discipline, and experience. Although many new…
Trade245 Real Account Registration
[top_three_brokers] [single_affiliate id="11853" size="big"] Would you like to know about the Trade245 real account registration?…