Deriv Broker Review

Since Deriv is a multi-asset broker in Malta, this platform is popular among traders. As a result, their investors have access to a variety of trading platforms and financial assets.

With a powerful client support team, new traders will have access to 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.

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

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

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Pros / Cons
  • Established Broker
  • High Leverage
  • Low Minimum Deposit
  • Broker Verified
  • No FSCA Regulation
  • No ZAR Account Currency

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, this broker 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 also regulates this forex company.

3.5 stars from 245 ratings

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Deriv offers competitive trading conditions such as STP execution, tight spreads, leverage of 1:1000 and a low minimum dep...

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CFD service. Your capital is at risk.
Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.

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 by using Google Chrome and always making 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.

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 following:

  • Commodities
  • Synthetic indices
  • Forex
  • Stock indices

Account types

Traders can choose from three main types of accounts for trading CFDs and forex. 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 spreads are available with this account type. Plus, traders have direct access to 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.

Opening an account

The process of opening an account with this broker is straightforward. To get started, you must submit your basic information and complete the complicated registration process.

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

To create an account, a user must be at least 18 years old. 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. Additionally, any fake or incorrect information given during registration can lead to immediate account cancellation.

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

Trading platforms

The broker offers different 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 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 at 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 through the use of well-developed technical indicators.

DBot

In this broker, 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 take profit and stop-loss points.

Spreads and commission

Trading costs are influenced by a variety of 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 even includes the position size as well as 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

Fees

This broker requires a minimum deposit of €/£/$5 from traders. However, the deposit amount generally depends upon what method you choose for payment.

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 clients who are under self-exclusion. Here are some important facts:

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

FX and CFD trading commission rate starts from 0,015%.

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 be able to 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 high risk and can cause large losses.

Traders can also use a leverage ratio of 1:1000 with this forex broker.

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 as you deposited it. The way payments are processed from method to method.

A great feature of this broker 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 3 days.

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

Education & research

Education

New traders must obtain extensive knowledge and apply it before starting to trade at any level. 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. With this guide, you will learn 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 if you use research tools to identify the market trends.

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.

3.5 stars from 245 ratings

N/A

Deriv offers competitive trading conditions such as STP execution, tight spreads, leverage of 1:1000 and a low minimum dep...

Sign upSign up
CFD service. Your capital is at risk.
Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.

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 make more use of the no deposit bonus. However, make sure you do not withdraw profits because that would be worthless.

Special features

Charting capabilities are advanced and customisable at this broker. There is no doubt that technical analysis and charting analysis are crucial in trading. Charts will allow traders to track price movements as well as price history.

This broker has an easy-to-understand charting system that even a novice can understand. For this reason, it holds an important place for beginners and new traders alike.

Broker FAQ

Thinking of Trading with Deriv Broker?

Deriv-FAQ

How many trading platforms are there on Deriv?

DMT5, DTrader, and DBot are three different trading platforms available 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 the cryptocurrencies are charged with a commission. However, their website does not specify the commission amount.

Has Deriv been fully regulated?

Three regulatory bodies oversee its operation, including VFSC, FSC, and IBFC.

Our verdict

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

However, what separates this broker 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.

Additionally, this broker 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.

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Deriv offers competitive trading conditions such as STP execution, tight spreads, leverage of 1:1000 and a low minimum deposit.

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