Deriv Account Types Review 2024: Get The Best One For You 🚀🔥

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:

• Deriv Standard 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.

Deriv Standard Account

🔍 Account Features	🧾 Deriv Standard Account
🏋️‍♂️ Leverage	1:1000
📢 Margin call	100%
📊 Trading Assets	Synthetic indices, Forex, Stock indices, Commodities, Cryptocurrencies, Basket indices and Derived FX.
🔔 Stop out level	50%
💳 Minimum deposit	$5
💰 Commissions	None
📱 Platforms	Deriv MT5, Deriv X, Deriv EZ, Deriv cTrader
🚀 Open Deriv Standard Account	👉 Click Here

The Deriv Standard account allows CFD trading on synthetic indices, Forex, Stock indices, Commodities Cryptocurrencies, Basket indices and Derived FX.

The Deriv standard account allows 24/7 trading on synthetic indices 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 Deriv Standard Account (Derived SVG 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.

1. Go to the Deriv website here and click on the Create Free Demo Account button.
2. Enter your email address, agree to the terms and conditions and click on ‘Create Account‘.
3. Verify your email address by clicking the link in the email Deriv sends you and create a password.
   
4. 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.
   
5. 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 Standard account. Learn more about different Deriv jurisdictions below.
   
   
   
   
   
6. Agree to the terms and conditions and set the password for the Deriv.com real account.
   
7. 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.

Different Jurisdictions for Deriv MT5 Account

Deriv operates under different jurisdictions to comply with regulatory requirements in various regions. When you open your account you will be asked to choose a jurisdiction for that particular account.

Here are some of the main jurisdictions where Deriv operates:

1. Malta (EU): Deriv operates under the jurisdiction of the Malta Financial Services Authority (MFSA). This allows them to provide services to clients within the European Union under the regulations set forth by the European Securities and Markets Authority (ESMA).
   
2. British Virgin Islands (BVI): Deriv is also regulated by the BVI Financial Services Commission (BVIFSC). This regulation allows Deriv to offer services to clients outside the European Union, including in Asia and other regions.
   
3. Labuan, Malaysia: Deriv holds a license from the Labuan Financial Services Authority (Labuan FSA). This allows them to provide financial services to clients under the regulatory framework established in Labuan, Malaysia.
   
4. Isle of Man: Deriv operates under the supervision of the Isle of Man Gambling Supervision Commission. While primarily known for their gambling regulations, Deriv offers certain financial products under this jurisdiction.

These jurisdictions ensure that Deriv adheres to specific regulatory standards, providing a level of security and transparency to traders who choose to use their platform for trading various financial instruments such as forex, commodities, indices, and cryptocurrencies. Each jurisdiction may have its own set of rules and protections for traders, ensuring compliance with local laws and regulations.

How To Choose a Jurisdiction for Your Deriv MT5 Account

Choosing the jurisdiction for your trading account is an important decision that can impact various aspects of your trading experience, including regulatory protections, tax implications, and the overall legal framework under which your account operates. Here are some factors to consider when selecting a jurisdiction for your trading account:

1. Regulatory Environment: Different jurisdictions have varying levels of regulatory oversight and investor protection measures. It's important to choose a jurisdiction that is known for strong financial regulation and supervision to ensure your funds are safe and your rights as a trader are protected.
   
2. Access to Markets: Consider whether the jurisdiction allows you access to the financial markets and instruments you are interested in trading. Some jurisdictions may have restrictions on certain financial products or may offer a wider range of markets compared to others.
   
3. Tax Implications: Tax laws can vary significantly between jurisdictions. Research how trading profits, capital gains, and other financial transactions are taxed in the jurisdiction you are considering. Choose a jurisdiction that offers favorable tax treatment based on your individual circumstances.
   
4. Costs and Fees: Different jurisdictions may have varying fee structures, including account maintenance fees, transaction costs, and regulatory fees. Compare the costs associated with maintaining a trading account in each jurisdiction to ensure they align with your budget and trading strategy.
   
   For instance, the Deriv Financial account in Vanuatu offers spreads starting at 0.5 pips, whereas the Financial account under the Labuan jurisdiction starts with spreads from 1.4 pips.
   
   
   
   
   
5. Legal and Political Stability: Stability in legal and political systems can affect the overall business environment and investor confidence. Choose a jurisdiction with a stable legal system and political climate to minimize risks associated with changes in regulations or government policies.
   
6. Support and Services: Consider the quality of customer support and services provided by brokers operating under each jurisdiction. Access to responsive customer support can be crucial, especially during times of market volatility or when you need assistance with your trading account.
   
7. Personal Preferences: Lastly, consider your personal preferences and trading goals. Some traders may prioritize regulatory protection and security, while others may prioritize access to specific markets or favorable tax treatment. Aligning your choice of jurisdiction with your individual preferences can enhance your overall trading experience.

Before making a final decision, thoroughly research each jurisdiction, consult with financial advisors if necessary, and carefully review the terms and conditions provided by brokers operating under those jurisdictions. By doing so, you can make an informed decision that supports your trading objectives and ensures a secure and compliant trading environment.

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 Deriv Standard 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.

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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

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