Deriv is a popular online trading platform that offers a range of account types to cater to the needs of different traders. This post will review the Deriv account types to help you choose the best one for your trading needs.
Deriv Overview
| 🔍 Broker's Name | Deriv Formely (Binary.com) |
| 🌐 Website | www.deriv.com |
| 📌 Headquartered | USA |
| 📅 Year Founded | 1999 |
| ⚖ Regulating Authorities | MFSA, LFSA, VFSC, BVIFSC |
| 💳Minimum deposit | $5 |
| 🎮 Demo Account | ✔ Yes |
| 🏢 Institutional Accounts | ✔ Yes |
| 🔁 Copytrading | ✔ Yes |
| 🏋️♂️ Maximum Leverage | 1:1000 |
| 💳 Deposit & Withdrawal Options | Bank wire transfer –Credit/debit cards – Both Visa and Mastercard – USD/GBP/EUR/AUD. E-wallets – Skrill, Neteller, PaySafe, Fasapay, WebMoney, Cryptocurrency, Bitcoin, Ethereum, Litecoin and Tether. Payment agents, Dp2p |
| 📱 Platform Types | DMT5, DTrader, DBot, Deriv X, Deriv Go, Deriv EZ, Deriv cTrader |
| 💻 OS Compatibility | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad. |
| 📈 Tradable assets offered | Forex, Stock indices, Synthetic indices, Commodities, Energies, ETF |
| 🗣 Customer Support Languages | 11 different languages |
| 🗣 Customer Service Hours | 24/7 |
| 🚀Open an account | 👉 Click Here |
Deriv Account Types
Deriv Offers three main account types and these are:
- Derived Account (formerly synthetic indices account)
- Financial account
- Swap-Free account
In addition, Deriv also offers the cTrader account and the Deriv X account. All these Deriv account types have demo accounts that you can practice with virtual money.
Let's look at each account type in depth below.
Derived Account
| 🔍 Account Features | 🧾 Deriv Synthetic Account (Derived Account) |
| 🏋️♂️ Leverage | 1:1000 |
| 📢 Margin call | 100% |
| 🔔 Stop out level | 50% |
| 💳 Minimum deposit | $5 |
| 💰 Commissions | None |
| 📱 Platforms | Deriv MT5, Deriv X, Deriv EZ, Deriv cTrader |
| 🚀 Open Derived Account | 👉 Click Here |
The Derived account from Deriv allows you to trade synthetic indices like boom and crash, volatility indices, and jump indices.
Synthetic indices are designed to copy the movement of real-world assets but are unaffected by real-world events such as news, economic releases, and others.
The Derived account (also known as Deriv synthetic indices account) allows 24/7 trading even during the holidays.
The account offers a variety of volatility levels to choose from, bringing so much convenience to traders.
This account is audited for fairness by an independent third party.
Pros and Cons Of The Derived Account
| ✅ Pros | ❌ Cons |
|---|---|
| – 24/7 trading including holidays – 24/7 support – low minimum deposit – over 200 tradeable assets – can be used on a number of platforms | – High leverage can lead to significant losses – not available in some countries – 24/7 availability may lead to over-trading |
Deriv Financial Account
| 🔍 Account Features | 🧾 Deriv Financial Account (Deriv Standard Account) |
| 🏋️♀️ Leverage | 1:1500 (Dynamic leverage) |
| 📊 Number of assets | 170+ |
| 📢 Margin call | 100% |
| ⚡ Stop out level | 50% |
| 💳 Minimum deposit | $5 |
| 💵 | From 0.6 pips |
| 💰 Commissions | None |
| 📱 Platforms | Deriv MT5, Deriv X, Deriv EZ |
| 🚀 Open Financial Account | 👉 Click Here |
The Deriv Financial account (formerly called the Deriv standard account) allows CFD trading on major and minor forex pairs, stocks, stock indices, commodities, cryptocurrencies and ETFs, with leverage of up to 1:1500.
The account offers Straight-Through-Processing (STP) execution with tight spreads
Pros And Cons Of The Deriv Financial Account
| ✅ Pros | ❌ Cons |
|---|---|
| – Wide range of trading assets available – Low minimum deposit – Competitive spreads | – High leverage can lead to significant losses – not available in some countries |
Deriv Swap-Free Account
| 🔍 Account Features | 🧾 Deriv Swap-Free Account |
| 🏋️♀️ Leverage | 1:1000 |
| 📊 Number of assets | 40+ |
| 📢 Margin call | 100% |
| ⚡ Stop out level | 50% |
| 💳 Minimum deposit | $5 |
| 💰 Commissions | None |
| 📱 Platforms | Deriv MT5, Deriv X, D Trader, SmartTrader |
| 🚀 Open Islamic Account | 👉 Click Here |
The Deriv swap-free account allows you to trade on forex, indices, commodities, and cryptocurrencies without paying any overnight interest fees.
This makes it a good choice for traders who follow Islamic principles, as well as traders who simply want to avoid paying overnight fees.
Deriv swap free accounts are available on all of the broker's trading platforms, including DTrader, SmartTrader, and DMT5.
The spreads and commissions on the Deriv swap free account are generally slightly higher than on standard accounts, but this is to offset the cost of the broker providing swap-free trading.
Pros and Cons of Deriv Swap Free Account
| ✅ Pros | ❌ Cons |
|---|---|
| – No overnight charges – Low minimum deposit – Competitive spreads | – Limited trading assets – Not available in some countries – Limited features and tools |
Deriv cTrader Account
The Deriv cTrader account allows traders to copy the strategies of expert traders in real time.
With a Deriv cTrader account, clients can copy trade currencies, metals, indices, energies, derived indices and commodities.
Deriv cTrader works by connecting followers to strategy providers. The strategy providers' trades are automatically copied to the followers' accounts in real-time. This means that followers can potentially make profits without having to trade themselves.
Pros and Cons of The Deriv cTrader Account
| ✅ Pros | ❌ Cons |
|---|---|
| – Wide range of strategy providers to choose from – Only pay commission on successful trades – No minimum deposit – Can lead to passive income – Risk management features are in place – Allows beginners to make money without spending time analysing charts. | – Cannot copy trade cryptocurrencies – May lead to over-dependence on other traders – Past performance does not guarantee future results. – There is still risk involved in copy-trading – The costs involved in Deriv copy trade may be significant. |
In addition, Deriv offers a Demo account for each of these accounts for free to help beginners trade and test out the account features. You can get instructions on how to open a Deriv demo account here.
How To Open A Deriv Account
This Deriv review found that opening a Deriv live account is a simple process that takes less than 5 minutes. Simply follow the instructions below.
- Go to the Deriv website here and click on the Create Free Demo Account button.
- Enter your email address, agree to the terms and conditions and click on ‘Create Account‘.
- Verify your email address by clicking the link in the email Deriv sends you and create a password.
- Once your email address is verified, you will be logged into your Deriv demo account with $ 10,000 in virtual funds that you can use to play around.
- Click on the (1) ”Trader's Hub option” on the top left of your dashboard. Then click (2) ‘Real‘ > (3) ‘CFD's‘.
You can then choose the real Deriv account type you want to create from the options. Click ‘Get‘ and choose a jurisdiction for your Deriv mt5 derived account
- Agree to the terms and conditions and set the password for the Deriv.com real account.
- Fund the account and start trading. You can fund the Deriv live account by transferring funds from your main account via the ”Cashier” option.
At this point, your Deriv.com real account registration will be complete and your Deriv live account will be ready for trading.
You can start trading without verifying your live account. However, you can only deposit and withdraw up to $10,000. It is a good idea for you to verify your Deriv account before you reach that amount to avoid inconveniences.
Which Deriv Account is Best For You?
The best Deriv account for you depends on your individual trading needs and preferences. Consider the following factors.
- Preferred assets for trading
If you want to trade synthetic indices you can choose the Derived MT5 account. If you want to trade forex and stocks you can choose the Deriv financial account. - Trading experience
If you are experienced you can open the Derived or FInancial account and trade yourself. If you are a beginner you can choose the Deriv cTrader account and copy the trades of successful traders while you learn. - Religious beliefs
If you follow the Sharia law then the Deriv Swap-Free account will be the best one for you.
Conclusion on Deriv Account Types Review
Overall, Deriv offers a variety of account types to suit different trading preferences and skill levels. Whether you are a novice trader or an experienced professional, there is an account type that can cater to your needs.
Frequently Asked Questions On Deriv Account Types
Deriv offers three main account types: Financial, Derived and Swap-Free accounts. These accounts have different features and allow you to trade different assets.
Yes, it is possible to switch between different account types on Deriv.
Yes, you can have more than one account type on Deriv and you can switch between the different accounts.
Yes, Deriv offers demo accounts that allow you to practice trading in a risk-free environment. You can use the demo account to familiarize yourself with the platform and test your trading strategies before committing real funds.
Deriv operates under different regulatory licenses depending on the jurisdiction. The level of regulation may vary based on the account type and region you are trading from.
The best Deriv account for you depends on your circumstances including your trading experience, preferred trading assets and platforms, your religious beliefs and risk tolerance.
No, Deriv does not have a micro account. Deriv offers three accounts namely Derived account, FInancial account and Swap-free account.
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