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Deriv Review 2024

By:
Vladimir Zernov
Reviewed By:
Ola Alder
Updated: Jun 16, 2024
Overall Rating
4
  • Trust
    3.1
  • Fees
    3.7
  • Platforms and Tools
    4.5
  • Tradable Instruments
    4.5
  • Customer Support
    3.5
  • Research
    3.1
  • Deposit and Withdrawal
    5
  • Account Types and Terms
    4.1
  • Education
    4.4
  • How Did We Test and Rate This Broker?
    When trading forex and CFDs, understanding a broker's strengths and weaknesses is essential. We developed a proprietary rating system, which is the result of extensive research and hands-on evaluation by our expert reviewers. With a rigorous approach, our reviewers manually assess each broker, investing more than 50 hours per review, checking and testing the broker while analyzing over 250 variables to simplify the broker selection process for you. The categories we evaluate include trustworthiness, trading platforms, customer support, regulatory oversight, spreads, fees, the variety of instruments offered, education, and research tools. This unique rating system is specifically developed to ensure that the assessment is based on firsthand knowledge and experience. By dedicating a significant amount of time to each review, our team of experts can provide in-depth insights and help you make well-informed decisions when choosing the broker that best suits your trading goals.
    Chart

    Our Take on Deriv

    Established in 1999, Deriv is a versatile multi-asset online broker based in Malaysia, operating under five entities with global regulation. It provides clients with access to a variety of markets, including forex, stocks, ETFs, commodities, indices, and cryptocurrencies.

    Notably, Deriv offers 8 proprietary platforms for various needs and an extensive array of deposit and withdrawal options. In my opinion, Deriv’s broad market access and flexible transaction options make it a reasonable choice for diverse trading needs.

    Deriv Pros and Cons

    Pros Cons
    • Wide range of deposit and withdrawal options. 
    • Options and multipliers available. 
    • Lack of research and educational content. 
    • There is room for improvement in the customer support quality. 

    Deriv Highlights for 2024

    • Global Operations: Deriv operates under five entities worldwide, highlighting its international presence.
    • Platform Diversity: The broker provides access to MetaTrader 5 and cTrader, as well as a range of proprietary platforms – Deriv X, Dtrader, Dbot, SmartTrader, and DerivGO.
    • Range of Cryptos: Deriv offers 43 cryptocurrency CFD which is more than the industry average.
    • Flexible Transactions: The broker provides a high number of deposit and withdrawal options, available in multiple currencies.
    • Variable Fees: The spreads for EUR/USD, GBP/JPY, and Gold were low, contrasting with high spreads for WTI oil and Tesla. There is also a high inactivity fee.
    • Limited Support: The broker lacks phone support and failed to answer one of the questions in our customer support test.

    What Sets Deriv Apart?

    Deriv offers a variety of 8 trading platforms, catering to diverse trading preferences. The platforms offer a comprehensive suite of features and tools designed for a range of trading strategies providing advanced charting tools, technical analysis indicators, and customizable layouts.

    All the platforms are user-friendly, supporting both new and experienced traders, and offer seamless access to a variety of financial markets, including forex, stocks, indices, ETFs, cryptocurrencies, and commodities.

    Who is Deriv for?

    Deriv has various trading options like CFDs and options, which may be appreciated by skilled traders who want to spread out their investments. The platform allows high leverage, up to 1:1000, which can be highly beneficial for professional traders who are looking to maximize their trading potential.

    At the same time. it’s easy for beginners to start with only a $5 deposit Deriv requires. Plus, new traders can learn a lot from the broker’s blog, which has easy-to-understand articles and tips on trading.

    The Deriv review is based on a Financial Account, using the MT5 desktop and mobile platforms, opened with Deriv (SVG). The offer of some products and platforms varies depending on the country of residence of the client.

    Deriv Main Features

    ☑️ RegulationsMFSA (Malta), LFSA (Malaysia), VFSC (Vanuatu), BVI FSC (Virgin Islands, British)
    🗺 Supported Languages
    Turkish, Korean, English, Russian, French, Portuguese, Thai, Polish, Arabic, Italian, Spanish, Bengali, Chinese, Japanese, Vietnamese, German
    💰 ProductsCurrencies, Stocks, Crypto, Indices, Commodities
    💵 Min Deposit$5
    💹 Max Leverage1:30 (MFSA), 1:1000 (LFSA), 1:500 (VFSC), 1:1000 (BVI FSC)
    🖥 Trading Desk TypeMarket Maker
    📊 Trading PlatformsMT5, Proprietary
    💳 Deposit OptionsCryptocurrencies, Maestro, PerfectMoney, Skrill, Neteller, International Bank Transfer, AstroPay, Help2Pay, Visa, Mastercard, SticPay
    💳 Withdrawal OptionsCryptocurrencies, Neteller, International Bank Transfer, Skrill, AstroPay, PerfectMoney, Help2Pay, Visa, SticPay
    🤴 Demo AccountYes
    🗓 Foundation Year1999
    🌎 Headquarters CountryMalaysia
    Risk DisclosureCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    Deriv Full Review

    Trust

    3.1
    How Did We Test the Broker's Trustworthiness?
    Assessing a broker's trustworthiness with your funds is vital. To help you make the right decision, we carefully checked each broker's regulatory license and examined how well they protect traders. Moreover, we looked at the broker's stability by studying their business history, corporate structure, and industry experience. Finally, we thoroughly reviewed all of the broker's legal documentation, including terms, conditions, and fees, and evaluated their transparency based on our analysis. Our hands-on approach ensures that even novice traders have the knowledge they need to make smart decisions.
    trust chart

    Deriv operates under five entities around the world. One of them is regulated by a Tier 2 regulator, three entities are regulated by Tier 3 regulators, and one entity is not regulated.

    Deriv Regulations

    Deriv operates under five entities:

    MFSA license
    MFSA license

    Why is It Important to Know Where Your Broker Subsidiary Is Regulated?

    Each regulator has its requirements for brokers, which may differ materially. Such requirements include leverage levels and specific protections offered to investors, including negative balance protection, segregated accounts, and investor compensation funds. Traders must understand the differences between regulations to evaluate whether the broker suits their needs.

    With Deriv, traders can open an account with five entities. The choice depends on the client’s location and on the instruments the client wants to deal with.

    Deriv (SVG) LLC is a St. Vincent and the Grenadines entity which is not subject to regulatory oversight. Clients from the rest of the world except the EU and restricted countries such as the U.S., Canada, and Hong Kong can open accounts with this entity.

    Deriv (V) Ltd is regulated by VFSC, a Tier 3 regulator. Clients in the rest of the world who wish to trade CFDs and derived indices can open accounts with this entity.

    Deriv (BVI) is regulated by the BVI FSC, a Tier 3 regulator. Clients in the rest of the world who wish to trade CFDs and derived indices can open accounts with this entity.

    Deriv (FX) Ltd is regulated by LFSA, a Tier 3 regulator. Clients in the rest of the world who wish to trade CFDs on forex and cryptocurrencies can open accounts with this entity.

    Deriv Investments (Europe) is regulated by MFSA, a Tier 2 regulator. Clients in the European Union can open accounts with this entity.

    The broker holds clients’ funds in segregated accounts, which means that clients’ money is not used for the broker’s business purposes. The use of segregated accounts boosts the safety of clients’ funds in case the broker has financial problems.

    According to the General Terms of Use, negative balance protection applies according to local regulations. Negative balance protection ensures that clients cannot lose more money than they have in their accounts. The MFSA-regulated entity provides negative balance protection.

    We have summarized key aspects of the broker’s entities in terms of regulation and safety in the table below:

    Entity Deriv (SVG) LLC Deriv (V) Ltd Deriv (BVI) Ltd Deriv (FX) Ltd Deriv Investments (Europe) Limited
    Country/Region St. Vincent & the Grenadines VFSC (Vanuatu) FSC BVI LFSA (Malaysia) MFSA
    Regulation Unregulated Tier 3 Tier 3 Tier 3 Tier 2
    Segregated Funds Yes Yes Yes Yes Yes
    Negative Balance Protection No No No No Yes
    Compensation Scheme No No No No Up to €20,000
    Standard Leverage  Up to 1:1000 Up to 1:1000 Up to 1:1000 Up to 1:100 Up to 1:30

    Is Deriv Safe to Trade With?

    Deriv has entities regulated by Tier 2 and Tier 3 regulators, as well as one entity that is not subject to regulatory oversight. The choice of the entity depends on the client’s location and the instruments the client wants to deal with. The entities hold clients’ funds separately from the firm’s funds. Negative balance protection is ensured by the MFSA-regulated entity.

    Stability and Transparency

    In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focused on how long the broker has been in business, how big the company is, and how transparent it is in terms of information being readily available.

    Founded in 1999, Deriv is not publicly traded and does not have a bank parent, which is a usual case for a broker. Deriv received a decent score for fee structure transparency, regulation protection transparency, and general transparency.

    The important documents can be found in the terms and conditions section of the broker’s website. These documents include General terms of use, Trading terms, Funds & transfers, Security & privacy, Risk disclosure, as well as Additional terms for certain entities.

    In order to get a complete picture of the accounts offered by the broker, the potential client should open a demo account, which contains the account information in an easy-to-grasp form. While the process of the demo account opening is very easy, the absence of an easy-to-use account comparison table on the broker’s website led to a medium score in the fees structure transparency category in our rating.

    In summary, our findings indicate that Deriv can be regarded as having a decent level of trust and stability due to the following factors:

    • Regulated by Tier 2 and Tier 3 regulators.
    • More than 24 years in business.
    • High general transparency and regulation protection transparency.

    Fees

    3.7
    How Did We Test the Broker's Fees and Commissions?
    Broker commissions and fees can be challenging to understand. To simplify this for you, we carefully examined all the broker's fee-related documentation and presented it in a clear, easy-to-understand format. Furthermore, we conducted hands-on tests on spreads and commissions for the most common instruments during both London and New York trading sessions. We then compared these real-time test results to the market benchmark we've established through our extensive experience evaluating the industry.
    fees chart

    Deriv offers competitive spreads for some instruments but compensates with wider spreads for other instruments and a dormant fee above the industry average.

    Trading Fees

    For this review, we tested the Deriv Financial account, where the broker charges spreads and swap/rollover fees but has no commissions. Spreads are variable and depend on the liquidity situation in each instrument at a certain point in time.

    Deriv Spreads

    We tested the spread on the Deriv Financial Account during the London open at 8:00 a.m. UK time and just after the US open at 2:45 p.m. UK time. These are the most actively traded times.

    Instrument Live spread AM Live spread PM
    EURUSD 0.5 0.6
    GBPJPY 1.4 1.2
    Gold (XAUUSD) 17 25
    WTI Oil 0.06 0.06
    DAX  1.4 1.7
    Dow Jones  3.5 3.5
    Apple n/a 0.61
    Tesla n/a 1.15
    Bitcoin 23.63 23.63

    Deriv offers low spreads for EUR/USD, GBP/JPY, and Gold. The spreads for Apple, Dax, Dow, and Bitcoin are medium, while the spreads for WTI oil and Tesla are high.

    Swap Fees

    Instrument Swap Long Swap Short
    EUR/USD -6.68 3.39
    GBP/JPY 24.1 -30.11

    My tests showed that EUR/USD swap fees were moderate, while GBP/JPY tests were high compared to the industry average.

    Non-Trading Fees

    Deriv has a dormant account fee of $25 after 12 months of inactivity. The fee will be charged for every six-month period when your account remains dormant.

    Additionally, Deriv MT5 real account may be archived if inactive for 30 days. To reactivate the account, you can reach out to its Help Center. Any funds pending in your Deriv MT5 account will be transferred to your Deriv account.

    Are Deriv Trading Fees Good?

    Deriv received an average score in the Fees category in our rating. The broker offers low spreads for EUR/USD, GBP/JPY, and Gold.

    Platforms and Tools

    4.5
    How Did We Test the Broker's Trading Platforms?
    We understand that platforms play a crucial role in your trading experience. That's why we spent many hours testing the broker's web, desktop, and mobile trading platforms to gain a real understanding of their usability, functionality, and overall performance. From experimenting with different order types to testing execution speeds, charting, and other features, we thoroughly examined every aspect of these platforms based on our trading expertise, helping you make an informed choice.
    platforms chart

    Deriv received a high score in the Platforms and Tools category in our rating. The broker offers the highly popular MT5 platform and a number of in-house platforms.

    Deriv Desktop and Web Platforms

    In our review, we tested the MetaTrader 5 platform analyzing charts, indicators, drawing tools, orders, and the general ease of use of the platform.

    Traders should note that while Deriv provides MT5, it also has other platforms including Deriv X, Deriv EZ, SmartTrader, DTrader, Deriv GO, and DBot. The broker intends to soon introduce a copy trading tool for their clients, offering them the chance to replicate the trading strategies of successful traders.

    Deriv MT5 platform
    Deriv MT5 platform

    General Ease of Use

    MT5 is an advanced trading platform that could be tailored to traders’ needs. The interface is rather intuitive, although some traders may want to search for tutorials to take a deep dive into MT5’s capabilities. In general, advanced traders would have no problems with MT5, while beginners have to spend some time learning the basics of this platform.

    Beginner traders should go through various chart options, indicators, drawing tools, and orders. Also, they may need to learn how to create their watchlists and manage their trading positions. Nevertheless, this work requires some time and effort, traders who invest in that ultimately receive a powerful tool that helps achieve better trading results.

    Charts

    MT5 offers 97 indicators and 21 timeframes, which is more than enough to customize your charts and adjust them to your needs.

    Trend indicators, oscillators, volumes, Bill Williams indicators, and custom indicators help to design the chart you need.

    Available timeframes range from 1 minute to 1 month so they provide the trader with an opportunity to take a look at short-term developments and significant multi-month trends.

    MT5 also supports objects:

    • lines
    • channels
    • Gann tools
    • Fibonacci tools
    • Elliott tools
    • shapes

    Many traders use these popular tools to make decisions, so their presence is a must for any reputable trading platform.

    Each chart could be displayed as a bar, a candlestick, and a line. Candlesticks are generally the most popular among traders as they suggest plenty of various patterns that are used for making trading decisions. Although, other types of charts also have their fans.

    MT5 charts are accessible even to novice traders but they also offer enough options for experts.

    Orders

    MT5 offers all main order types including:

    • Market order. This order is used to buy or sell the instrument at the current market price. It is used when the trader needs to establish a position in the fastest possible way. The main downside of the market order is the necessity to pay a spread, which is a difference between the bid price and the ask price.
    • Limit orders. This order is used to buy or sell the instrument at a pre-set price or better. A limit order is used when the trader wants to get a specific entry point and is unwilling to pay the current market prices.
    • Stop-loss orders. Stop-loss orders are used to get you out of the position when the price is moving in the wrong way. The order is triggered when the price reaches a specified point.
    • Stop limit orders. This is a stop-loss order which puts a limit order instead of a market order when it is triggered. This is a dangerous way to get out of the position and it should be used only by experienced traders.
    • Trailing stop orders. This order allows you to set a stop order that will move if your open position trends in the right direction. This order is used to protect your profits in case the market direction reverses.

    Different expiration types are available for all pending orders, including GTC (good-till-cancel), Today, Specified, and Specified Day.

    Deriv MT5 Mobile App

    In this review, we have tested the Deriv MetaTrader 5 Mobile App for Android.

    General Ease of Use

    The MT5 mobile app for Android is rather easy to use. It provides charts, quotes, account balance info, economic calendar, news, and other tools giving traders an opportunity to make informed trading decisions.

    Charts

    MT5 mobile app offers:

    • 30 technical indicators
    • 24 drawing tools
    • 9 timeframes
    • 3 chart types

    This selection of options is sufficient for mobile-based trading. Typically, the mobile app is used when the trader does not have access to the desktop platform but needs to monitor the market and open positions. While the app is helpful in certain circumstances, it is not as efficient as the desktop platform, which remains the primary solution for traders who require fast and active trading capabilities.

    Orders

    In an MT5 mobile app, you can set market orders, limit orders, and stop orders. Trailing stops are not available on mobile trading terminals.

    Tradable Instruments

    4.5
    How Did We Test the Broker's Tradable Instruments?
    For this section, we examined the broker's market offering, assessing the variety and depth of instruments and asset classes available for trading. Through our proprietary database, we then compared the results with other brokers. This comprehensive analysis allows you to determine if the broker offers the specific instruments and trading options you're looking for.
    tradable_instruments chart

    Deriv received a high score in the Tradable Instruments category in our rating. The broker offers a high number of commodities, indices, and cryptocurrencies.

    In its Financial Account Deriv provides access to 38 forex pairs, 13 commodities, 60 stocks, 31 ETFs, 11 indices and 43 cryptocurrencies. Traders should note that Deriv also offers options and multipliers in other accounts.

    The number of available indices, commodities, and cryptocurrencies is high. The number of available forex pairs is medium, while the number of stocks is low.

    What are CFDs?

    CFDs (Contracts for Differences) are financial instruments that enable traders to speculate on securities without possessing the underlying assets. The key advantage of CFDs is the access to significant leverage, which is typically not available when trading other instruments. In this light, CFDs are very popular in short-term trading.

    What Can You Trade with Deriv?

    • 38 forex pairs. The list includes popular forex pairs like EUR/USD, GBP/USD, and USD/CAD.
    • 13 commodities. WTI Oil, Brent Oil, Gold, Silver, and other commodities are available for trading.
    • 60 stocks. Traders can speculate on the popular stocks from the U.S. and Europe.
    • 31 ETFs. The list includes popular names like ARKK, DIA, and GLD.
    • 11 indices. Dow Jones, DAX, Nikkei 225, and other major indices are available for trading.
    • 43 cryptocurrencies. Bitcoin, Ethereum, Binance Coin, and other cryptos are on the list.
    Forex Shares
    EUR/USD| GBP/USD| USD/CAD Tesla | Apple | Airbus SE
    Indices Cryptocurrencies
    DAX | Dow | Nikkei 225 BTC | ETH | BNB
    Commodities ETFs
    WTI Oil| Brent Oil | Gold ARKK | DIA | GLD

    In its Financial Account, Deriv offers forex pairs, commodities, indices, stocks, ETFs, and cryptocurrencies. The number of available commodities, indices, and cryptocurrencies is high. The number of available forex pairs is medium, while the number of stocks is low.

    Customer Support

    3.5
    How Did We Test the Broker's Customer Support?
    Traders often underestimate the importance of customer support, yet it proves to be a critical aspect during times of crisis. We put the broker's customer support to the test ourselves using all possible channels, such as chat, phone, and others. Our evaluation focused on the accessibility of live agents, as well as the helpfulness and professionalism of their responses. This way, we provide you with comprehensive insights into whether a broker can deliver full support when you need it most.
    customer_support chart

    Deriv provides support via online chat, WhatsApp, and community forums 24/7 in over 20 languages, including Portuguese, Spanish, Turkish, Russian, Chinese, and French.

    However, during our test, the customer support team didn’t answer one of the requested questions.

    Customer support at Deriv
    Customer support at Deriv

    Deriv Customer Support Test

    We have contacted customer support via online chat asking about account types and swap rates. The support team responded quickly and provided the necessary info on the types of accounts available at Deriv. However, the question on swap rates was not answered after many rounds of back-and-forth conversations between us and various support team members, which had a negative impact on the score.

    Deposit and Withdrawal

    5
    How Did We Test the Broker's Deposit and Withdrawal Process?
    The deposit or withdrawal process can be tricky since you may encounter hidden fees or longer than expected processing time. To assess the broker's offerings, we examined their deposit and withdrawal options and conditions. Using our proprietary database, we then compared these results with those of other brokers.
    deposit chart

    Deriv received an excellent score in the Deposit and Withdrawal category in our rating. The broker provides a high number of deposit and withdrawal options and does not charge deposit or withdrawal fees.

    Deriv clients can deposit and withdraw money via credit/debit cards, e-wallets, and online banking systems.

    Deriv Deposits

    Deposit Method Base Currencies Fees Processing Time
    Visa/Mastercard/Maestro/Diners Club USD, EUR, AUD, GBP No Instant
    Perfect Money USD, EUR No Instant
    Skrill USD, EUR, AUD, GBP No Instant
    Neteller USD, EUR, AUD, GBP No Instant
    Jeton USD, EUR, AUD, GBP No Instant
    STICPAY USD, EUR, GBP No Instant
    Airtm USD No Instant
    Paylivre USD No Instant
    OnlineNaira USD No Instant
    AstroPay USD No Instant
    1foryou USD No Instant
    Advcash USD No Instant
    Instant Bank Transfer USD No 1 working day
    Help2Pay USD No 1 working day
    ZingPay USD, EUR, AUD, GBP No Instant
    Crypto BTC, ETH, LTC, USDC, USDT No As soon as confirmed
    10Coins  USD No Instant
    PIX USD, EUR, AUD, GBP No Instant
    Local Vouchers USD No Instant

    Deriv provides a high number of deposit options in multiple currencies, including cryptocurrencies.

    Deriv Withdrawals

    Withdrawal Method Base Currencies Fees Processing Time
    Visa/Diners Club USD, EUR, AUD, GBP No 1 working day
    Perfect Money USD, EUR No 1 working day
    Skrill USD, EUR, AUD, GBP No 1 working day
    Neteller USD, EUR, AUD, GBP No 1 working day
    Jeton USD, EUR, AUD, GBP No 1 working day
    STICPAY USD, EUR, GBP No 1 working day
    Airtm USD No 1 working day
    Paylivre USD No 1-2 working days
    OnlineNaira USD No 1-2 working days
    AstroPay USD No 1 working day
    Instant Bank Transfer USD No 1 working day
    ZingPay USD, EUR, AUD, GBP No 1 working day
    Crypto BTC, ETH, LTC, USDC, USDT No Subject to internal checks
    Help2Pay USD No 1 working day
    10Coins  USD No 1 working day
    PIX USD, EUR, AUD, GBP No 1 working day

    Deriv does not charge fees for withdrawals. Most withdrawal methods take 1 working day to process, while crypto withdrawals are subject to internal checks.

    Account Types and Terms

    4.1
    How Did We Test the Broker's Account Types and Terms?
    When it comes to achieving your trading goals, choosing the proper account is essential. We initiated our evaluation by personally opening an account with the broker, which allowed us to gain firsthand experience of the process and accurately asses, how fast and easy it is. In addition, we carried out an in-depth analysis of the account types and features offered by the broker, including spreads, maximum leverage, minimum deposits, and more. For a comprehensive comparison, we turned to our proprietary database and examined how this broker's account offerings and processes stacked up against other brokers.
    account chart

    Deriv offers spread-based CFD accounts as well as options and multipliers accounts. Swap-Free is also available. In the near future, the broker is going to open access to the Raw Spreads account.

    CFD accounts at Deriv
    CFD accounts at Deriv

    The broker provides three CFD accounts (Derived, Financial, Deriv X). Deriv also offers several in-house platforms to trade options and multipliers. To test the broker’s services without risk, traders can open a demo account. The account opening process is simple – click on the “create free demo account” link on the front page of the website and open an account within minutes.

    Why is Choosing the Right Account Type Important?

    The account you choose must suit your needs. Typically, the trader should focus on base currency options, contract size, commission, fees, the number of pending orders/positions, and the minimum deposit size.

    What Account Types does Deriv Offer?

    Account  Derived Financial Deriv X

    Commission

    (excluding equities)

    No No No
    Spread variable variable variable
    Minimum Deposit $5 $5 $5
    Leverage Up to 1:1000 Up to 1:1000 Up to 1:1000
    Swap-Free Account No No No
    Demo Account  Yes Yes Yes

    Derived account and Financial account are available on the MT5 platform. Derived Account offers access to Synthetics, Baskets, and Derived FX. Financial Account provides access to Forex, Stocks, Stock Indices, Commodities, ETFs, and Cryptocurrencies.

    Deriv X Account is available on the Deriv X platform and offers access to Synthetics, Baskets, Derived FX, Forex, Stocks, Stock Indices, Commodities, ETFs, and Cryptocurrencies.

    Swap-Free Account

    Deriv offers a swap-free account on the MT5 platform with no rollover fees. The swap-free MT5 account includes instruments from both account types (Derived and Financial), such as synthetics, forex, stocks, stock indices, cryptocurrencies, and ETFs.

    What is CFD leverage?

    CFD Leverage allows you to avoid paying the full value of the position. Instead, you pay a deposit, which is called margin, while the remaining funds are borrowed.

    In the Deriv case, the maximum leverage is up to 1:1000 for traders who open accounts with Deriv (SVG) LLC, Deriv (V) Ltd, and Deriv (BVI) Ltd. This is an extremely high level of leverage so traders should use appropriate risk management techniques when using this type of leverage. Traders who open an account with Deriv (FX) Ltd have access to leverage of up to 1:100, while traders who open an account with Deriv Investments (Europe) Limited have access to leverage of up to 1:30.

    Deriv Account Opening Process

    The account opening process is simple and straightforward. Traders need to register with Deriv and get access to the client portal, where they can finish the account opening process.

    To open an account with Deriv:

    • Step 1: Register with Deriv by clicking on the “create free demo account” on the front page of the website.
    • Step 2: Choose the “real” option in the Trader’s hub.
    • Step 3: Click on “get” Deriv account.
    • Step 4: Choose your account currency.
    • Step 5: Provide your personal details.
    • Step 6: Provide your address.
    • Step 7: Provide your identity information.
    • Step 8: Agree to the terms of use.

    What is a demo account?

    A demo account is an account that allows you to test the broker’s services and your trading skills without risking your money.

    Please note that your trading experience will differ when you use a demo account compared to a real-money account due to human psychology, as traders find themselves under pressure when real money is at stake.

    It’s a good idea to use the demo account for practicing and learning the trading platform, but do not spend too much time on the demo. In the Deriv case, click on “create free demo account” to open a demo account.

    Research

    3.1
    How Did We Test the Broker's Research Tools?
    Research options offered by brokers may not be seen as the most important feature for some traders, but they can provide a competitive advantage. To assess the broker's research offerings, we personally explored and tested both proprietary and third-party tools and content, such as Fundamental and Technical Analysis, Market News, educational videos, and webinars. After evaluating the availability and quality of the overall research offering, we compared the results with our benchmark to provide a comprehensive analysis of the broker's research capabilities.
    research chart

    Deriv’s research support is mostly limited to a weekly blog. The blog includes market reports that review developments in forex, commodities, cryptocurrencies, and stocks.

    Market reports at Deriv
    Market reports at Deriv

    Deriv has a dedicated blog that contains market reports. These reports discuss the developments in popular markets like stocks, commodities, forex, and cryptocurrencies.

    The broker also provides access to several trader tools, including margin calculator, swap calculator, pip calculator, PnL for margin calculator, and multipliers calculator.

    Deriv also provides access to Deriv MT5 signals for copy trading.

    Education

    4.4
    How Did We Test the Broker's Education Offering?
    Gaining knowledge about trading in the financial markets can make the difference between success and failure. To assess the broker's educational offerings, we personally tested and evaluated the quality of the content provided, considering its relevance for both novice and experienced traders. We explored the range of materials available, such as articles, videos, webinars, and courses. After evaluating the content's volume, update frequency, and overall quality, we compared the results with our benchmark to provide a well-rounded analysis of the broker's education offerings.
    education chart

    Deriv provides educational content through a dedicated blog. Traders can benefit from the articles with some basic information about online trading types and strategies. The content fits mostly for beginners who just start their journey in financial markets.

    The above-mentioned blog also contains educational articles covering various topics, like Forex, Commodities, or Strategies and Tips. The content is focused on the needs of beginner traders.

    Deriv's educational articles
    Deriv’s educational articles

    The Bottom Line

    Deriv has been in business for more than 24 years. The broker operates under five entities: Deriv (SVG) LLC (unregulated, St. Vincent & the Grenadines), Deriv (V) Ltd (VFSC, a Tier 3 regulator), Deriv (BVI) Ltd (BVI FSC, a Tier 3 regulator), Deriv (FX) Ltd (LFSA, a Tier 3 regulator), Deriv Investments (Europe) Limited (MFSA, a Tier 2 regulator).

    Traders can choose between MT5 accounts and in-house platform accounts. Demo accounts are available for practice before risking real money.

    Deriv provides access to forex, stocks, commodities, indices, ETFs, cryptocurrencies, options, and multipliers. Deposits start at just $5. Traders can use multiple deposit and withdrawal options available in various currencies, including cryptocurrencies.

    FAQ

    Deriv is based in Malaysia.
    Deriv has five entities. The MFSA-regulated entity, which is available to EU residents, provides the highest level of protection, including an investor compensation fund. The St. Vincent & the Grenadines entity does not offer the same high level of protection as it is unregulated.
    Deriv charges spreads and swap/rollover fees.
    Deriv has a low minimum deposit, which is good for beginners. However, the broker provides limited research and educational support.
    Clients can use debit/credit cards, e-wallets, online banking, and cryptocurrencies to deposit funds into a Deriv account.
    The minimum deposit is $5.
    Clients can use debit/credit cards, e-wallets, online banking, and cryptocurrencies to withdraw funds from a Deriv account.
    Most withdrawal methods take 1 working day to process.
    The maximum leverage is 1:1000.
    To open an account with Deriv, click on “create free demo account” on the front page.
    Deriv offers MetaTrader 5, Deriv X, DTrader, DBot, SmartTrader, Binary Bot, and Deriv GO.
    Yes, Deriv offers a demo account.
    Yes, Deriv is suitable for scalping.
    Yes, Deriv is suitable for auto-trading.
    Yes, Deriv is suitable for hedging.
    No, Deriv is not suitable for spread betting.
    Deriv does not provide VPS.
    Deriv does not operate a bank.

    See Deriv Full Information

    Headquarters CountryMalaysia
    Foundation Year1999
    RegulationsMFSA (Malta), LFSA (Malaysia), VFSC (Vanuatu), BVI FSC (Virgin Islands, British)
    Publicly TradedNo
    Number Of Employees1000
    Trading Desk TypeMarket Maker
    Trading PlatformsMT5, Proprietary
    Restricted Countries
    Belarus, Canada, Jordan, Malaysia, Rwanda, Cayman Islands, United States, Paraguay, Israel, Singapore, Guernsey, Malta, Hong Kong, United Arab Emirates, United Kingdom, North Korea, Iran, Myanmar, Barbados, Bulgaria, Burkina Faso, Cameroon, Croatia, Democratic Republic of the Congo, Gibraltar, Haiti, Jamaica, Mali, Mozambique, Nigeria, Philippines, Senegal, South Africa, South Sudan, Syria, Tanzania, Turkey, Uganda, Vietnam, Yemen
    Supported Languages
    Turkish, Korean, English, Russian, French, Portuguese, Thai, Polish, Arabic, Italian, Spanish, Bengali, Chinese, Japanese, Vietnamese, German
    Min Deposit$5
    Max Leverage1:30 (MFSA), 1:1000 (LFSA), 1:500 (VFSC), 1:1000 (BVI FSC)
    Deposit OptionsCryptocurrencies, Maestro, PerfectMoney, Skrill, Neteller, International Bank Transfer, AstroPay, Help2Pay, Visa, Mastercard, SticPay
    Withdrawal OptionsCryptocurrencies, Neteller, International Bank Transfer, Skrill, AstroPay, PerfectMoney, Help2Pay, Visa, SticPay
    Time to Withdrawal1
    Time to Open an Account1
    Crypto
    Kyber Network, Bitcoin, Cardano, Dogecoin, Litecoin, Zcash, Ripple, Monero, Stellar, Dash, enjincoin, OmiseGO, TRON, Uniswap, Solana, Avalanche, EOS, Ethereum, Basic Attention Token, Polkadot, Chainlink, IOTA, Polygon, Cosmos
    Products
    Currencies, Stocks, Crypto, Indices, Commodities
    Demo AccountYes
    OCO OrdersNo
    Offers HedgingYes
    Automated TradingYes
    API TradingYes
    Guaranteed Stop LossNo
    Guaranteed Limit OrdersNo
    Guaranteed Fills / LiquidityNo
    Economic calendarNo
    Trading From ChartYes
    One-Click TradingYes
    Expert AdvisorNo
    Social TradingYes
    AutochartistNo
    Trading SignalsYes
    Platform Languages
    Italian, Portuguese, Chinese, Arabic, Turkish, Thai, Korean, Vietnamese, English, French, Spanish, Russian, German, Bengali, Polish, Indonesian
    24 Hours SupportYes
    Support During WeekendsYes
    Live ChatYes
    Daily Market CommentaryYes
    News (Top-Tier Sources)Yes
    WebinarsYes
    Deposit FeeNo
    Withdrawal FeeNo
    Inactivity FeeYes

    About the Author

    Vladimir ZernovBroker Analyst

    In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.

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