Deriv Overview
Website | deriv.com |
Year Founded | 2020 |
Countries of Registration | Malaysia, British Virgin Islands, Vanuatu, Saint Vincent and the Grenadines, Jersey, Malta |
Website Languages | English, French, Arabic, Portuguese, Spanish, Russian, Vietnamese, Bengali, Sinhala, Turkish, Swahili, Simplified Chinese, Traditional Chinese, Korean, Italian, German, Polish, Uzbek |
Regulators | LFSA, BVIFSC, VFSC, SVGFSA, JFSC, MFSA |
Broker Type | STP |
Dealing | A-book |
Minimum Deposit | $1 |
Account Currencies | USD, EUR, GBP, AUD, BTC, ETH, LTC, USDT, USDC |
Spread | low |
Trading Platforms | MetaTrader 5 (MT5), Deriv X, cTrader |
Trading Assets | Currencies, Indices, Stocks, ETFs, Metals, Energies, Cryptocurrencies |
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
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.
1/18/2024My 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.
2/25/2024Deriv 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.
3/10/2024While 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.
4/5/2024Deriv 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!
5/12/2024Leave a Review
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
Property | CFD | Crypto |
---|---|---|
Deposit | $1 | $1 |
Lot Size | 0.01 lots | 0.01 lots |
Spread Type | Floating | Floating |
Execution | Market | Market |
Min Spread | 0.5 pips | 0.5 pips |
Fee | No | No |
Max Leverage | 1:4000 | 1:1000 |
Stop Out | 50% | 50% |
Margin Call | 100% | 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 |
Deposit and withdrawal 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
Deriv vs Competitors
Features | Deriv | Exness | eToro | XM | HFM | RoboForex |
---|---|---|---|---|---|---|
Type | STP | MM, STP, ECN | MM | MM | MM, STP | MM, STP, ECN |
Minimum Deposit | $1 | $10 | $200 | $5 | $1 | $10 |
Regulators | LFSA, BVIFSC, VFSC, SVGFSA, JFSC, MFSA | FCA, SFSA, FSCA, FSC, BVIFSC, CySEC, CBCS, CMA | SFSA, FCA, CySEC, ASIC, SEC | BFSC, CySEC, ASIC, DFSA | SVGFSA, FSCA, SFSA, CySEC, FCA, DFSA, CMA | BFSC |
Platforms | MetaTrader 5 (MT5), Deriv X, cTrader | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | eToro | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), R MobileTrader, R StocksTrader |
Spread | low | low | high | low | average | low |
Leverage | 1:4000 | 1:2000 | 1:30 | 1:1000 | 1:2000 | 1:2000 |
Assets | Currencies, Indices, Stocks, ETFs, Metals, Energies, Cryptocurrencies | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Metals, Energies, Soft Commodities |