Overall, our comprehensive Deriv review found that this broker is trustworthy and reliable as it is regulated by multiple bodies in different jurisdictions. The broker also has a high trust score of 90 out of 99 and a 4-star rating on Trustpilot.
In this detailed Deriv review, we will provide an in-depth analysis of the broker including its pros and cons. We will also examine its key features, trading conditions, customer support, and overall user experience to help you make an informed decision about choosing Deriv Broker as your trading partner.
What Is Deriv?
Deriv Broker is an online trading platform that offers a wide range of financial instruments for trading, including forex, commodities, cryptocurrencies, and synthetic indices.
The broker has over 20 years of experience and offers some of the most innovative services on the forex market through its proprietary trading platforms like Deriv X and Deriv Go. The broker boasts over 3 million clients from all over the world.
Deriv At A Glance
|🔍 Broker's Name||Deriv Formely (Binary.com)|
|📅 Year Founded||1999|
|⚖ Regulating Authorities||Regulated through Malta Financial Services Authority (MFSA),|
Labuan Financial Services Authority (LFSA),
Vanuatu Financial Services Commission (VFSC) and British Virgin Islands Financial Services Commission (BVIFSC)
|🎮 Demo Account||✔ Yes|
|🏢 Institutional Accounts||✔ Yes|
|🔁 Copytrading||✔ Yes|
|☪ Islamic Accounts (Swap-free)||✔ Yes|
|🏋️♂️ Maximum Leverage||1:1 000.|
|💳 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||Binary.com’s SmartTrader system.|
DMT5, DTrader, DBot, Deriv X, Deriv Go
|💻 OS Compatibility||Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad.|
|📈 Tradable assets offered||Forex – Close to 50 FX currency pairs, including majors, minors and exotics|
Stock indices – Speculate on price movements across the largest US, Asian and European stock indices. Synthetic indices – Based on a secure random generator, synthetic indices replicate real-world market conditions and are available 24/7 delivering consistent volatility
Commodities – Precious metals, such as gold and silver, plus energies like oil are available
|🗣 Customer Support Languages||11 different languages|
|🗣 Customer Service Hours||24/7|
|🚀Open an account||👉 Click Here|
Is Deriv Regulated?
Yes, Deriv is a legit, regulated and trustworthy broker. Deriv is regulated by several reputable financial authorities, including the MFSA (Malta), LFSA (Malaysia), BVI FSC (British Virgin Islands), and VFSC (Vanuatu).
Broker regulation is important because it shows that the broker adheres to strict operational guidelines that ensure it does not scam its clients.
Where is Deriv Broker Located?
Deriv (SVG) LLC is located in Hinds Buildings, Kingstown, St. Vincent and the Grenadines (company no. 273 LLC 2020). This Deriv broker review found that the broker also has offices in Dubai (UAE), Malta, Cyprus, Malaysia (3), France, Channel Islands, Paraguay, Rwanda and Belarus.
Deriv Account Types
Our Deriv review found that the broker offers three different account types that give you access to different trading instruments and features.
Deriv Derived Account
|🔍 Account Features||🧾 Deriv Synthetic Account (Derived Account)|
|Stop out level||50%|
|Platforms||Deriv MT5, Deriv X, Deriv EZ, Deriv cTrader|
|Open Financial Account||👉 Click Here|
The Deriv Derived account ( also known as Deriv Synthetic indices account) allows CFD trading on synthetic indices like boom and crash, volatility indices, and jump indices.
Synthetic indices are designed to mimic the movement of real-world assets but are unaffected by real-world events such as news, economic releases, and others.
The Derived account from Deriv 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.
Deriv Financial Account
|🔍 Account Features||🧾 Deriv Financial Account (Deriv Standard Account)|
|Number of assets||150+|
|Stop out level||50%|
|Platforms||Deriv MT5, Deriv X, Deriv EZ|
|Open Derived Account||👉 Click Here|
Our Deriv review found that financial account allows CFD trading on major and minor forex pairs, commodities and cryptocurrencies, with leverage of up to 1:1000.
The account offers Straight-Through-Processing (STP) execution with tight spreads.
Deriv Swap-Free Account
|🔍 Account Features||🧾 Deriv Swap-Free Account|
|Number of assets||150+|
|Stop out level||50%|
|Platforms||Deriv MT5, Deriv X, D Trader, SmartTrader|
|Open Derived Account||👉 Click Here|
The Deriv swap-free account is a type of trading account that 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 swap-free accounts are generally slightly higher than on standard accounts, but this is to offset the cost of the broker providing swap-free trading.
In addition, Deriv offers a Demo account for each of these accounts for free to help beginners trade and test out the account features.
How To Open A Deriv Live Account Step-By-Step
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 on the link in the email that 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.
- To open a real Deriv account, click on the Real option in your dashboard.
- Select the type of real account that you want to open (e.g., financial STP, Derived (DMT5)D Trader, SmartTrader, or Swap-Free).
- Enter your personal information, such as your name, address, and date of birth.
- Select your preferred currency and deposit method.
- Deposit funds into your account.
- Once your account is funded, you can start trading. You can verify your Deriv account later.
Deriv Minimum Deposit
Deriv has a minimum deposit requirement of only $ 5 when using e-wallets like AirTM, WebMoney, PerfectMoney, Neteller and Skrill.
Other deposit methods have different Deriv minimum deposits as explained below.
Credit/debit cards – Deriv accepts and processes instantly deposits made via both Visa and Mastercard. The Deriv minimum deposit using credit cards is 10 USD/GBP/EUR/AUD.
Bank wire transfer – Deriv Minimum deposit using bank wire transfer is $10 with most deposits processed instantly.
Cryptocurrency – Deriv accepts cryptocurrencies for deposits. You can use Bitcoin, Ethereum, Litecoin and Tether for deposits. There is no Deriv minimum deposit when using cryptocurrencies, with payments processed in three blockchain confirmations.
Payment Agents – The Deriv minimum deposit you can make via payment agents is 10 of your base currency. This article explains what payment agents are and how you can apply to be one.
Deriv Peer to Peer (Dp2p)- The Deriv minimum deposit via dp2p is 1 of your base currency. This article explains how DP2P works.
This Deriv review found that the broker does not charge fees for making deposits.
Deriv Deposit & Withdrawal Methods
Our Deriv review found that the broker offers a number of deposit and withdrawal methods to bring convenience to its clients.
|💳 Credit & Debit cards||💳 Perfect Money|
|💳 Payment Agents & Dp2p||💳 WebMoney|
|💳 Crypto (Bitcoin, Ethereum, Litecoin and Tether)||💳 Paysafe|
|💳 Zingpay||💳 Jeton|
|💳 Fasapay||💳Bank wire transfer|
Deposit and withdrawal currencies that are accepted by Deriv include:
Please note, you can only choose one of these currencies as your base currency and once you have made a deposit you will not be able to change that base currency for your account.
Deriv Minimum Withdrawal
|🔍 Deriv Withdrawal Method||🏧 Deriv Minimum Withdrawal Amount|
|💳 E-Wallets||$5 of your base currency|
|💳 Credit Cards||$10 of your base currency|
|💳 Payment Agents||$10 of your base currency|
|💳 Deriv Peer-To-Peer||$1|
|💳 Cryptocurrencies||Bitcoin offers the lowest minimum withdrawal of 0.0026|
Deriv Fees & Spreads
Our Deriv forex broker review found that the broker offers tight spreads that start from 0.5 pips on EUR/USD. This is much lower than the industry average making the broker very affordable.
Moreover, the broker offers competitive spreads for other trading instruments, including stocks, indices, cryptocurrencies, and commodities, making it an attractive option for traders across different markets.
Deriv Broker also provides commission-free trading and does not charge deposit or withdrawal fees, making it a cost-effective option for traders.
Additionally, if a trader holds a position for more than one day, they will be subject to overnight fees. This doesn't apply to clients using a swap-free account. The broker also imposes an inactivity fee of $25 on accounts that have been inactive for over 12 months.
Deriv Trading Platforms
Our Deriv review team was very impressed with the wide range of trading platforms Deriv offers. No other broker has such a variety of proprietary trading platforms.
Let us look at those platforms and highlight their key features.
Deriv MetaTrader 5 (DMT5)
DMT5 is Deriv's exclusive version of the MT5 platform developed by MetaQuotes Software.
MT5 offers exceptional charting capabilities, a wide range of technical indicators, and advanced order types.
You can access the DMT5 as a downloadable application on desktop and mobile (both Android & iOS). You can also access DMT5 on your browser as WebTrader although this has limited functionality.
this Deriv review found that DTrader is a web-based trading platform designed for traders who prefer a simplified and intuitive interface. It offers a user-friendly trading experience with easy-to-use features and quick order execution.
You also tailor your charts to meet your needs with technical indicators and widgets you need to make smarter trading decisions.
DTrader is suitable for both novice and experienced traders and provides access to various financial markets, including forex, commodities, and synthetic indices.
It also offers basic charting tools and a range of trade types, such as Up/Down, Higher/Lower, and Touch/No Touch.
You can also trade multipliers on D Trader.
Deriv X is a CFD trading platform that lets you trade various assets in multiple markets simultaneously. It's fully customisable and packed with features that let you personalise your trading environment.
You can drag and drop the widgets you'd like to use, apply over 90 indicators and 13 drawing tools, and keep track of your progress and historical trades on one screen.
Trading synthetic indices on Deriv X is only available with a Derived Synthetics account. You can access Deriv X via a desktop as well as Android and iOS mobile devices.
DBot is Deriv’s trading platform that lets you build a trading robot to automate your trades.
You don't need coding experience to build your bots. All you need to do is drag, drop, and configure pre-built blocks and indicators onto a canvas to build your bot. You can also select from a variety of pre-built strategies or set up your own.
DBot doesn't require constant monitoring, allowing you to step away from your computer without missing opportunities.
Just set your trading parameters and let the bot do the trading for you. You can trade synthetic indices with options on DBot. DBot can be accessed from a desktop device.
Traders can backtest their strategies using historical data and then deploy them on the live market using DBot.
Deriv GO is a mobile trading app from Deriv that allows traders to trade a variety of financial products, including forex, synthetic indices, commodities, and cryptocurrencies. The app is available for both iOS and Android devices.
With this platform, you can trade synthetic indices with multipliers where you can take advantage of risk management features such as stop loss, take profit, and deal cancellation to manage your trades.
Deriv Go offers competitive fees and spreads.
You can download Deriv GO from the Google Play Store, Apple App Store, and Huawei App Gallery.
Deriv EZ is a user-friendly CFD trading platform that offers instant access to all your favourite assets.
There is no additional account ID or password to remember, so you can fully focus on your trading.
Trade on Deriv EZ and access over 150 assets in forex, stocks and indices, commodities, cryptocurrencies, and derived indices.
Deriv cTrader is a new and exciting platform that allows traders to copy others and share strategies.
The powerful trading platform integrates trading with cutting-edge technology and offers a wide range of features and functionality, making it a good choice for both beginners and experienced traders.
This Deriv copy trading platform will help inexperienced traders to profit from the expertise and strategies of expert traders.
With their user-friendly interfaces, advanced features, and flexibility, Deriv platforms offer a well-rounded trading experience.
In conclusion, this Deriv review found that the broker's trading platforms provide a solid foundation for traders of all levels.
Deriv Trading Assets
Our Deriv.com review found that the broker offers over 100 assets for trading including:
- Forex – Close to 50 FX currency pairs, including majors, minors and exotics
- Stock indices – Speculate on price movements across the largest US, Asian and European stock indices
- Synthetic indices – Based on a secure random generator, synthetic indices replicate real-world market conditions and are available 24/7 delivering consistent volatility. These are only available on Deriv platforms
- Precious metals, such as gold and silver, plus energies like oil are available
Deriv Trade Types
This Deriv forex broker review found that the broker offers three trade types.
CFD trading On Deriv broker
A CFD (contract for difference) allows you to trade on the price movement of an asset, without buying the underlying asset. On Deriv, you can trade CFDs with high leverage and tight spreads. Trade on financial markets plus Deriv's proprietary synthetic indices that are available 24/7.
Multipliers Trading On Deriv Forex broker
Deriv multipliers combine the upside of leverage trading with the limited risk of options. This means that you'll multiply your potential profits when the market moves in your favour. If the market moves against your prediction, your losses are limited only to your stake.
Options Trading On Deriv
Options are products that allow for payouts from predicting market movements, without needing to buy the underlying asset. You only need to open a position that predicts how the asset will move over a period of time.
This makes it possible for people to participate in the financial markets with minimal capital investment of just 35 cents per contract.
Deriv Customer Support
Our Deriv review found that the broker offers 24/7 customer support through Live Chat, WhatsApp, and the Help Center.
Deriv customer support supports eleven languages. Learn how to contact Deriv support.
Our Deriv review team found that traders can access Deriv Academy which covers recent market news, educational videos, and trading articles.
However, Deriv Broker does not provide trading seminars, webinars, insights, and other learning materials and research.
Deriv Sign-up Bonus
This Deriv.com review found out that the broker does not offer a sign-up bonus, a deposit bonus, or a welcome bonus.
Even though Deriv does not offer bonuses, rewards, or any other promotions, traders should not be discouraged by this. The broker still offers attractive trading conditions.
You can check out brokers offering bonuses here.
|Deriv Sign Up Bonus||❌ No|
|Deriv Welcome Bonus||❌ No|
|Deriv Referral Bonus||❌ No|
|Deriv Deposit Bonus||❌ No|
Deriv Review: Deriv Awards
Deriv Trading Broker has received various awards for its dedication to providing quality service to its clients.
The broker has accumulated the following awards during its years of service to traders:
- “Broker of the Year” at the FinanceFeeds Awards in 2023.
- Deriv won the Most Trusted Broker APAC and Best Forex Spreads APAC awards at the UF Awards APAC 2023! Organised by Ultimate Fintech, a leading marketing agency, the awards ceremony hosted many fintech and online trading industry leaders prominent in Asia-Pacific.
- Best Trading Platform in Asia’ by Global Brands Magazine. The Global Brands Awards honors excellence in performance and exceptional service delivery.
- Binary.com won ‘Best Binary Company Asia Pacific’ in the Global Banking & Finance Awards 2018.
Deriv Broker Complaints
Some traders complained about Deriv's slower responses via email. However, when our team reached out to Deriv support via email we got a response in 2 hours.
Also out of 40 000 reviews on Trustpilot, Deriv has an average rating of 4.6 out of 5 which is quite impressive.
Deriv Pros & Cons
This Deriv review found that the broker offers a wide range of trading instruments with competitive trading fees in a secure environment.
Some of the Deriv cons include; no sign-up bonuses, and not accepting traders from other countries like France.
Conclusion On Deriv Review
This Deriv review is satisfied that Deriv is a reputable online trading platform that offers a wide range of products, competitive fees, and powerful trading platforms.
However, the broker has limited educational resources and does not offer any bonuses.
Frequently Asked Questions On Deriv Broker Review
Yes, Deriv and a reputable and trustworthy broker with multiple regulations and over 3.5 million satisfied customers.
The broker does not offer any bonuses and has limited educational resources. Deriv is also not regulated in some countries like USA and UK.
It is an account offered by Deriv that allows CFD trading on major and minor forex pairs, commodities and cryptocurrencies, with leverage of up to 1:1000
With a Deriv financial account, traders’ trades are passed straight through to the market which gives traders direct access to forex liquidity providers.
Visit the Deriv website
The Deriv minimum deposit is $5 for e-wallets like Skrill and WebMoney.
Deriv is an online trading platform that allows traders to trade cryptocurrencies, forex, commodities, and indices through contracts for difference (CFDs). It was founded in 2017 and is regulated by the Financial Services Commission (FSC) of Mauritius.
Yes, Deriv is regulated by several financial authorities, including the Malta Financial Services Authority (MFSA), the Labuan Financial Services Authority (Labuan FSA), the Vanuatu Financial Services Commission (VFSC), and the British Virgin Islands Financial Services Commission.
Deriv offers competitive fees and spreads on its products. The specific fees will vary depending on the product you are trading and the platform you are using.
Deriv offers a variety of trading platforms, including its own proprietary platforms (DTrader and SmartTrader) and the popular MetaTrader 5 platform.
The products offered on the deriv.com website include binary options, contracts for difference (“CFDs”) and other complex derivatives. Trading binary options 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.