Deriv Review: Detailed Analysis & Insights

Explore our thorough Deriv review where we evaluate key aspects such as trading platforms, account options, fees, and customer support. Gain the insights you need to decide if Deriv aligns with your trading goals.

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Deriv Overview

Brief look at Deriv

Deriv is a prominent online trading platform that has evolved from its origins as Binary.com to offer a diverse range of trading instruments suitable for both novice and experienced traders. Renowned for its user-friendly interfaces, including the proprietary Deriv X platform alongside the widely acclaimed MetaTrader 5 (MT5), Deriv provides flexible trading solutions tailored to various trading strategies. The broker offers an extensive array of financial instruments, including Forex, CFDs, cryptocurrencies, synthetic indices, and commodities, ensuring ample opportunities for diversification. With competitive spreads, high leverage options up to 1:4000 (subject to regulatory restrictions), and a low minimum deposit requirement, Deriv appeals to a broad spectrum of traders. Additionally, Deriv emphasizes security and transparency by being regulated by reputable authorities such as the Malta Financial Services Authority (MFSA) and offering segregated accounts to safeguard clients' funds. Comprehensive customer support is available 24/7 through multiple channels, enhancing the overall trading experience. While Deriv excels in providing advanced trading tools and a wide range of instruments, it may have some limitations in terms of educational resources and platform availability in certain regions.

Pros

  • Offers multiple platforms
  • Provides access to a variety of financial instruments
  • Features competitive spreads and leverage options
  • Requires a low minimum deposit
  • Regulated by reputable authorities
  • Supports automated trading through the DBot platform and Expert Advisors (EAs) on MT5, facilitating algorithmic and high-frequency trading strategies
  • Provides intuitive and easy-to-navigate trading platforms, enhancing the overall trading experience

Cons

  • Lacks comprehensive educational materials
  • Absence of fixed spread account options

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Deriv Reviews

4.2/5
5 reviews
ForexMaster21

Deriv has been an excellent broker for my Forex trading needs. The minimum deposit requirement is very reasonable, allowing me to start trading without a large initial investment. I particularly enjoy the variety of account types available, including the advanced MT5 platform which offers a range of sophisticated trading tools. The demo account was invaluable for practicing my strategies before committing real funds. Additionally, the withdrawal time is impressively fast, and the sign up process was seamless. The competitive spreads and high leverage options enhance my trading performance significantly.

1/18/2024
PipHunter89

My experience with Deriv has been mostly positive. The MT4 platform is user-friendly and reliable, making trading straightforward. I appreciated the easy download and sign up process, as well as the low minimum deposit required to get started. The demo account provided a great way to familiarize myself with the platform without risking real money. While the leverage options are generous, they can be risky if not managed properly. Withdrawal times are generally quick, and the variety of account types caters to different trading styles. Overall, a solid broker with some areas for improvement.

2/25/2024
TradeWizard

Deriv offers a comprehensive trading environment with a wide range of Forex pairs and competitive spreads. The MT5 platform is robust and provides advanced charting tools that enhance my trading strategies. The minimum deposit is accessible, and the sign up process was efficient. I also benefit from the demo account, which allows me to test new strategies without financial risk. The withdrawal time is satisfactory, although there have been occasional delays. The app is convenient for trading on the go, and the high leverage options provide significant trading opportunities. However, more educational resources would be beneficial for new traders.

3/10/2024
SwingTraderX

While Deriv provides a variety of account types and a reliable MT4 platform, my experience has been mixed. The minimum deposit is low, which is great for beginners, and the demo account is a useful tool for practice. The sign up process was straightforward, and the app is convenient for mobile trading. However, the withdrawal time can sometimes be longer than expected, and the high leverage options can be risky if not used carefully. Additionally, I found the spread rates to be slightly higher compared to other brokers. Overall, Deriv is a decent broker, but there are areas that need improvement.

4/5/2024
AlphaPips

Deriv has exceeded my expectations as a Forex broker. The variety of account types allows me to choose the one that best fits my trading style, and the MT5 platform offers advanced features that enhance my trading experience. The minimum deposit is affordable, and the sign up process was quick and hassle-free. I rely on the demo account to refine my strategies, which has been incredibly helpful. Withdrawal times are prompt, and the competitive spreads combined with high leverage options have significantly boosted my trading performance. The mobile app is seamless, allowing me to trade efficiently on the go. Highly recommended!

5/12/2024

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Is Deriv regulated?

Companies
Deriv (FX) Ltd, Deriv (BVI) Ltd, Deriv (V) Ltd, Deriv (SVG) LLC, Deriv Limited, Deriv Investments (Europe) Limited
Countries
Malaysia, British Virgin Islands, Vanuatu, Saint Vincent and the Grenadines, Jersey, Malta
Regulators
LFSA, BVIFSC, VFSC, SVGFSA, JFSC, MFSA
Investor Protection
Financialcommission.org
Investor Protection Size
€20 000
Publicly Traded
Segregated Accounts
Guaranteed Stop Loss
Negative Balance Protection

Deriv Account Types

CFD
Deposit: $1
Lot Size: 0.01 lots
Spread Type: Floating
Execution: Market
Min Spread: 0.5 pips
Fee: No
Max Leverage: 1:4000
Stop Out: 50%
Margin Call: 100%
Crypto
Deposit: $1
Lot Size: 0.01 lots
Spread Type: Floating
Execution: Market
Min Spread: 0.5 pips
Fee: No
Max Leverage: 1:1000
Stop Out: 50%
Margin Call: 100%

Additional Features

  • Demo Account
  • VIP Account
  • Swap-Free Account
  • Copy Trading
  • VPS
  • PAMM/MAM Accounts

Deriv Funding and Fees

Base currencies
USD, EUR, GBP, AUD, BTC, ETH, LTC, USDT, USDC
Funding Methods
Bank Wire, Credit Card, Debit Card, Trustly, Ngan Luong, ZingPay, DragonPhoenix, Help2pay, PayTrust88, Volet.com, 1foryou, AstroPay, Beyonic, OnlineNaira, Paylivre, Boleto, Airtm, SticPay, Jeton, PaySafeCard, WebMoney, Neteller, Skrill, Perfect Money, FasaPay, Bitcoin (BTC), Tether (USDT), Litecoin (LTC), USD Coin (USDC), Ethereum (ETH)
Inactivity Fee
$25 per month after 12 months
Interest on Margin
Withdrawal Fee

Deriv Trading Platforms and Conditions

Trading Platforms
MetaTrader 5 (MT5), Deriv X, cTrader
Execution Speed
-
Scalping
Expert Advisors (EAs)
Depth of Market (DOM)
Spread
low

Deriv Trading Assets

Currencies
57
Indices
63
Stocks
57
Cryptocurrencies
31
Bonds
0
Metals
11
Energies
2
Soft Commodities
0
ETFs
31

Education and Analytics

Economic Calendar
Indicators
Robots
Signals
Autochartist
Expert Analytics
News Feed
Education Articles
Webinars
Seminars

Deriv Support

Facebook
LinkedIn
YouTube
Instagram
Twitter

Deriv vs Competitors

FeaturesDerivExnesseToroXMHFMRoboForex
TypeSTPMM, STP, ECNMMMMMM, STPMM, STP, ECN
Minimum Deposit$1$10$200$5$1$10
RegulatorsLFSA, BVIFSC, VFSC, SVGFSA, JFSC, MFSAFCA, SFSA, FSCA, FSC, BVIFSC, CySEC, CBCS, CMASFSA, FCA, CySEC, ASIC, SECBFSC, CySEC, ASIC, DFSASVGFSA, FSCA, SFSA, CySEC, FCA, DFSA, CMABFSC
PlatformsMetaTrader 5 (MT5), Deriv X, cTraderMetaTrader 4 (MT4), MetaTrader 5 (MT5)eToroMetaTrader 4 (MT4), MetaTrader 5 (MT5)MetaTrader 4 (MT4), MetaTrader 5 (MT5)MetaTrader 4 (MT4), MetaTrader 5 (MT5), R MobileTrader, R StocksTrader
Spreadlowlowhighlowaveragelow
Leverage1:40001:20001:301:10001:20001:2000
AssetsCurrencies, Indices, Stocks, ETFs, Metals, Energies, CryptocurrenciesCurrencies, Indices, Stocks, Cryptocurrencies, Metals, EnergiesCurrencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft CommoditiesCurrencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft CommoditiesCurrencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft CommoditiesCurrencies, Indices, Stocks, ETFs, Metals, Energies, Soft Commodities

FAQ

Is Deriv safe?

How does Deriv make money?

What is the minimum deposit for Deriv?

How do I deposit funds in a Deriv account?

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How much is the maximum leverage at Deriv?

What trading platforms does Deriv offer?

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