Rating
Trust score
98
Overall
Offering of Investments
Commissions & Fees
Platform & Tools
Research
Mobile Trading
Education

The products offered on the Deriv website include contracts for difference (“CFDs”) and other complex derivatives. Trading may not be suitable for everyone. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, the products offered on the website may not be suitable for all investors because of the risk of losing all of your invested capital. You should never invest money that you cannot afford to lose and never trade with borrowed money. Before trading in the complex products offered, please be sure to understand the risks involved.

Overview of Deriv

Since its establishment in 1999, Deriv has emerged as a prominent global multi-asset brokerage firm. It appeals to a diverse range of traders, spanning from newcomers venturing into online trading for the first time to seasoned investors seeking exposure to diverse investment instruments. The brokerage is known for its competitive trading costs and additional fees, positioning it favorably within the industry and earning it high rankings.

Deriv has set itself apart as an online trading broker by providing seven distinct trading platforms, such as Deriv MT5, Deriv X, SmartTrader, DBot, and the mobile app, Deriv GO, for convenient trading on the move. A notable feature is that the broker’s application programming interface (API) enables developers to design their own applications and websites atop the broker’s foundation.

Furthermore, this multi-asset broker has ambitious plans to introduce various innovations in terms of products and platforms in the near future. Noteworthy among these innovations is a user-friendly solution for copy trading, a popular avenue for passive income among retail traders.

It’s important to highlight that within the European Union, the broker’s clients have access solely to DTrader and Deriv MT5 as trading platforms, due to regulatory constraints.

Across more than twenty years of operation, Deriv has provided services to over 2.5 million traders globally, gaining acclaim for its comprehensive and sophisticated offerings. The broker tailors its conditions to accommodate diverse trading strategies, styles, and multi-asset portfolios.

Licenses and Regulations

As a broker that is regulated in multiple jurisdictions, Deriv is very upfront about its legal status and the companies that stand behind it. Everything you might need to know about their authorization and licenses is available on the website in clear form without gimmicks or deception. For the traders in the European Union, their financial products are offered by Binary Investments (Europe) Ltd, an entity registered in Malta and regulated as a Category 3 Investment Services provider by the Malta Financial Services Authority. Obviously, only CFD and leveraged spot Forex products are offered to the EU traders as binary options aren’t legal in the EU countries. Outside of the European Union, binary options are offered through Binary (SVG) LLC based in St Vincent and the Grenadines and also through Binary (V) Ltd based in Vanuatu (regulated by the Vanuatu Financial Services Commission), through Binary (BVI) Ltd located in British Virgin Islands (regulated by the British Virgin Islands Financial Services Commission), and through Binary (FX) Ltd, based in Labuan, Malaysia, and regulated by the Labuan Financial Services Authority.

Tradable Assets

Deriv offers exposure to various asset classes including FX pairs, stocks and indices, derived indices, commodities, cryptocurrencies, etc.  This range is quite unique as it includes mainstream instruments to diversify your portfolio as well as new assets that the retail crowd has shown up en masse in. Needless to say, the actual availability of Deriv’s trading products may vary depending on your jurisdiction.

As advertised on its website, the asset list includes +50 FX pairs to choose from including exotic currencies. (Exotic pairs are not available for clients residing in the EU.)

Deriv is an excellent low spread broker for active traders. Major FX pairs feature competitive spreads with an average of just 0.5 pips, while its impressive selection of exotic pairings also comes with super tight spreads.

Additionally, Deriv’s stock CFDs give traders the ability to trade the world’s most popular companies across top financial markets, including the New York Stock Exchange (NYSE), Nasdaq, and London Stock Exchange (LSE).

Deriv also provides cryptocurrency fans with a wide spectrum of trading/investing tools. The platform allows you to trade CFDs on major cryptocurrencies without the fees or restrictions associated with traditional crypto exchanges.

Deriv offers clients a diverse product catalog in terms of commodities. Specifically, the company offers CFDs on various commodities, including gold, silver, and oil.

Finally, the broker opens up many new opportunities with a unique product called ‘Synthetics,’ which mimic the volatility and movement of real-world financial markets but without being actually affected by real-world events.

Deriv -Overview of Minimum Deposit, Spreads & Leverage-Noticias-WikiFX

Spreads and Swaps

Deriv trading costs are consistent, but you should consider rollover or swaps, and also non-trading fees that might be applicable. This allows its traders to choose the most suitable options according to their trading style with all costs included in bid-ask spreads. Thanks to its top-notch technology and liquidity providers, Deriv offers competitive spreads, which in the moments of the greatest liquidity can be as low as 0.5 pips.

Deriv charges a swap fee with rates that are very competitive when compared to other brokers. Moreover, the broker doesn’t charge swaps on some FX pairs and recently revealed plans to offer zero-fee trading for Synthetics in the next quarter.

Leverage

Another important point within our Deriv review is the leverage ratios it offers on FX and crypto trades. Overall, the maximum leverage level is defined by the asset class you trade.

The broker offers access to a wide range of FX majors with high leverage of up to 1:1000, which is great news for investors who are not risk-averse, i.e. those who prioritize a higher return on their capital over the safety factors. Nevertheless, this requires you to learn how to use the leverage smartly as it is sort of a double-edged sword.

Please note that the leverage ratios available to you depend on the jurisdiction you trade in and other regulatory requirements in your region.

Deposits and Withdrawals 

Deriv offers a great range of secure funding solutions, including credit/debit cards, bank transfers, e-wallets, and crypto. However, crypto deposits and withdrawals are not available to EU-based clients.

The broker requires a minimum deposit of $5 and charges zero fees for deposits and withdrawals, yet other conditions may apply depending on the payment method you prefer. On top of an impressive range of payment methods available to top up their accounts, Deriv clients can also deposit and withdraw funds in a multitude of supported cryptocurrencies. Please note that crypto deposits/withdrawals are processed according to the priority of transactions set by the blockchain.

Deriv does not levy deposit fees, but third-party costs may apply depending on your chosen payment method. When it comes to withdrawing your funds, the broker applies a minimum threshold, which is currently set at $5 for selected payment methods and $10 for all other processors.

The withdrawal process at Deriv is pretty simple and straightforward. Client requests are processed instantly. Then, once your transfer is sent, it will take on average 3-5 business days for the funds to safely arrive in your account on file.

Deriv withdrawal tutorial (2023) ++ How to withdraw money

Trading Platforms

Deriv offers traders a broad range of options to access financial markets. Besides the industry-standard platform, Deriv MT5, Deriv also has SmartTrader, Deriv X, DTrader, and more.

Please note that DTrader and Deriv MT5 are the only trading platforms available to the broker’s clients throughout the European Union.

Powered by Devexperts, Deriv X is the broker’s platform that offers a true multi-asset trading expertise. It boasts user-centric components coupled with a clean and intuitive interface.

The company also offers SmartTrader, a web-version platform accessible right from your browser. DTrader is another web-based platform for people who want a simple trading experience, with all the critical functionality and 50+ tradable assets available directly from a web browser. Navigating both terminals is seamless and includes all the features a trader might want.

Deriv’s mobile app, dubbed Deriv GO, shows excellent performance and allows efficient trading on the go. While it could be a little limited in its tools compared to desktop and mobile versions, it still offers all the necessary tools and functionality needed in everyday trading.

DBot – a no-code algo trading platform – will also please you with a range of automation features through a web-based strategy builder. Under the hood, you can build, test, and automate strategies to trade more than 50 assets, even if you lack the time or programming skills to code them.

Account Types

Deriv has designed a simplified one-stop account type called ‘Deriv’ that gives access to DTrader, SmartTrader, DBot, Binary Bot, and Deriv GO. That approach aims to ensure customers’ access to quite competitive trading conditions and the broker has already done a great job with its all-inclusive account to fit all traders of different sizes, risk profiles, and trading styles.

On top of that, Deriv offers a Demo Account loaded with virtual funds to give new traders the opportunity to put their skills to the test with no risk.

Deriv also offers a swap-free account that can be accessed through the Trader’s hub, and it is subject to the following conditions:

  1. It is specifically designed for MT5 accounts.
  2. It is open to ROW countries excluding the EU.
  3. It encompasses all synthetic assets except for Boom and Crash.
  4. It encompasses all financial assets, with the exception of Forex micro and Commodities.

Opening Account

Opening a trading account at Deriv is as user-friendly and straightforward as submitting some personal information and a valid email address.

You can just use your device to visit the broker’s website and start the registration process. Just enter your email address to get started. Next, look for the verification email in your inbox and click the link in that email. A confirmation message will appear in your web browser to bring you back to Deriv’s website to enter a few personal details and create a password.

You’re all set now —  You can open a free demo account and try out Deriv’s trading platforms and its various features with zero risk. After evaluating your own checklist, you can move to a live account and start trading real markets.

Customer Support

Deriv made it as comfortable as possible so that its traders get the support they need and stay satisfied at any step. The multilingual customer support of Deriv is available 24/7 in over 20 languages.

Research and Education

Along with its competitive offerings, as we discovered in our review, Deriv also offers educational resources suitable for traders of different levels. There are trading guides where you can find good quality information to support your ongoing trading process.

Novice traders are very much welcomed at Deriv. Overall, market coverage resources are impressive. Below are examples of  the trading tools that Deriv offers to its customers:

  • Margin calculator
  • Swap calculator
  • Pip value calculator
  • PnL for margin
  • Multipliers calculator
  • Educational resources, like the Deriv Academy

Deriv Pros and Cons

Deriv is a well-established and highly regarded broker that provides everything one might expect of a full-service brokerage, from FX to cryptocurrency.

Deriv also is considered safe for trading with a long history of operation and an excellent reputation. At Deriv, there is an extensive range of asset classes, trading platforms, free trading capabilities, and exclusive research tools.

Aside from forex, commodities, and stocks, a comprehensive set of major cryptocurrencies and synthetics provides a greater number of trading opportunities. Additionally, the broker offers competitive spreads that are dynamic in that they widen or contract according to market conditions.

On the downside, Deriv’s trading costs may vary depending on the asset class or the particular instrument you trade. Another drawback is that the broker does not serve clients from several countries, such as the USA, Canada, Hong Kong, and others.

The final verdict is that Deriv is a great pick for all types of traders, thanks to a wide array of investment products and an emphasis on customer service, coupled with a plethora of the industry’s top platforms and educational resources. Its extensive regulatory profile also lends credibility, as does the extent to which Deriv emphasizes account security.

FAQ’s

  1. What is Deriv? Deriv is a leading online trading platform that offers a wide range of financial instruments, including forex, commodities, cryptocurrencies, and more. It provides traders with access to various markets and trading options.
  2. How do I open an account with Deriv? Opening an account with Deriv is simple. Visit our website, click on the “Sign Up” button, and follow the prompts to provide your information. Once completed, you can start trading.
  3. Is Deriv regulated? Yes, Deriv is regulated by multiple financial authorities, including the Malta Financial Services Authority, Vanuatu Financial Services Commission, and Labuan Financial Services Authority. This ensures a secure and transparent trading environment.
  4. What trading platforms does Deriv offer? Deriv offers several trading platforms, including DMT5 and DTrader. These platforms provide various tools and features for traders to execute trades and analyze the markets effectively.
  5. How can I deposit funds into my Deriv account? Depositing funds is easy. Log in to your Deriv account, navigate to the “Cashier” section, and choose your preferred payment method. Follow the instructions to complete the deposit process.
  6. What is the minimum deposit amount? The minimum deposit amount varies depending on the account type and payment method. You can find the specific minimum deposit requirements on our website.
  7. Is there a demo account available? Yes, Deriv offers a demo account that allows you to practice trading with virtual funds. It’s a great way to familiarize yourself with the platform and trading strategies before using real money.
  8. What educational resources does Deriv provide? Deriv offers a range of educational resources, including video tutorials, webinars, and trading guides. These resources are designed to help traders of all levels improve their trading skills.
  9. How can I contact Deriv’s customer support? You can reach out to our customer support team through various channels, including live chat, email, and phone. Visit the “Contact Us” section on our website for more information.
  10. Is trading with Deriv suitable for beginners? Yes, Deriv provides resources and tools for traders of all experience levels. Beginners can take advantage of the educational materials and demo account to learn and practice trading strategies.

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