Company Review

Deriv Broker Review: All You Need To Know

Disclaimer: Trading conditions and platforms may differ depending on your country of residence.

Deriv Broker Overview

Founded in 1999, Deriv is a multi-asset broker offering various trading platforms, including Deriv MT5, Deriv Trader, Deriv X, Deriv Bot, Deriv GO, SmartTrader, and Binary Bot. It also provides APIs that developers can use to create apps and websites. Deriv traders can enjoy maximum leverage of up to 1:1000, depending on their country and the asset being traded. Deriv provides an MT5 Swap-Free account that removes overnight swap fees. Moreover, the company also offers Deriv cTrader, a highly-customisable copy trading CFD platform where traders can copy the trades of established traders or provide strategies to be copied by other traders.

Deriv is a highly regulated broker with multiple licenses, making it a preferred online trading choice. You can check all the regulatory licenses here.

It offers forex, synthetic indices, stocks & stock indices, cryptocurrencies, basket indices, commodities, and exchange-traded funds (ETFs). Its 2.5+ million active clients are supported by 24/7 multilingual customer support in over 20 languages.

The broker also offers a demo account to allow traders to test their platform and strategies before investing real money. This demo account is credited with virtual funds of $10,000 that traders can use to try out Deriv's multiple trading platforms.

Deriv also offers a global institutional liquidity solution, Deriv Prime, that enables institutional traders to diversify their product portfolio and expand their client reach.

Overall, it is a reliable and safe broker that offers its traders a wide range of assets and features. This online trading broker is suitable for beginner and experienced traders as it offers multiple platforms with different tools and features.

Safety Information

In addition, the broker offers negative balance protection depending on the client's country of residence. This protects clients from losing more than what they have in their accounts. This also means they can trade peacefully without worrying about their account balance getting below zero.

Moreover, the broker has implemented all modern data security measures, such as SSL encryption, to protect its client's information. It also segregated client funds from company funds to ensure clients would get their money back even in the unlikely event of bankruptcy.

Our Deriv review found that the broker is a safe and reliable choice for online trading. Moreover, they've implemented an AML (Anti-Money Laundering) policy that helps prevent financial crimes.

Along with AML, it has also adopted the KYC (Know Your Customer) policy to verify the identity of its clients. The broker requires all clients to submit documents such as a government-issued ID and proof of address before they can start trading.

Deriv fee structure

This multi-asset broker offers very competitive fees. Both deposits and withdrawals are free, making it very attractive for investors.

The broker charges a nominal inactivity fee of $25 if you don't use your trading account for over one year. Most brokers impose a standard charge to keep their client base active. There is no fee for withdrawing your earnings from the trading platform.

In addition, the spreads start from as low as 0.5 pips on major currency pairs. The broker charges a variable swap fee calculated according to the interest rate differential between the two currencies involved in the trade.

The swap fee only applies to overnight trades and can be positive or negative. Moreover, the broker charges no commission on any CFD contract.

The fee structure is quite favorable for investors, especially compared to other brokerages. Moreover, you can deposit and withdraw funds in crypto, which is a huge plus.

Spreads fee

Deriv offers tight spreads, starting from as low as 0.5 pips for major currency pairs, which is relatively low compared to other brokers.

The company offers floating spreads, meaning they change according to market conditions. Floating spreads benefit investors by allowing you to trade in volatile market conditions.

The overall spread structure is transparent and very competitive. You also can trade in different types of markets, allowing you to take advantage of varying market conditions.

Swap fee

Deriv charges a swap fee, which is variable and depends on the interest rate differential between the two currencies involved in the trade. The swap fee only applies to overnight trades and can be positive or negative. However, the swap fee is very competitive when compared to other brokers.

Moreover, the company also offers swap-free accounts. You can create a swap-free Deriv MT5 account in the Trader’s Hub.

Deriv’s swap fees are very competitive and allow you to trade in different market conditions.

IB Programme fee

The Introducing Broker (IB) Programme is a partnership opportunity where partners benefit from referring new clients to trade on Deriv’s CFD trading platforms. Deriv has updated its commission structure for affiliates, with attractive commission rates of up to 20 USD per lot for metals and 10 USD per lot for forex. These new rates cover various instruments such as forex, stocks, stock indices, cryptocurrencies, metals, oil, and Derived indices, and across different account types, including swap-free and zero-spread trading accounts.

Deposit and withdrawal options

Deriv offers a variety of deposit and withdrawal methods, including credit/debit cards, bank transfers, and e-wallets. The minimum deposit for new accounts is $5, depending on the payment method, which is very low compared to other brokerages.

Withdrawals are free of charge, and you can request them through the same methods you used to deposit funds. The minimum withdrawal amount is $5 for selected payment methods and $10 for all other ways.

Deposits are typically processed instantly, while withdrawals may require at least one business day. However, the withdrawal process generally takes about 3-5 business days, depending on the method used.

Deposit and withdrawal methods are protected with data safety protocols, ensuring that your personal and financial information is safe. In addition, with 128-bit SSL encryption, you can be sure your data is well-protected.

Moreover, clients can open a demo account without depositing any funds. It is a great feature for new investors who want to try out the platform before committing any real money.

Tradable markets

Deriv offers a wide range of tradable markets, with over 200 instruments available across forex, synthetic indices, stocks and stocks indices, cryptocurrencies, basket indices, commodities, and ETFs. Traders can use the Deriv MetaTrader 5 (Deriv MT5) platform, Deriv X – a robust CFD trading platform, cTrader - a customisable copy trading CFD platform, or the mobile app Deriv GO. First, let's look into all available tradable markets on Deriv:

Forex

With close to 60 major, minor, and exotic currency pairs available, forex traders of all levels will find something to suit their trading style on Deriv. Major currency pairs like EUR/USD and GBP/USD are available with spreads from just 0.5 pips, while more exotic pairs like USD/SEK are also available with tight spreads.

With competitive spreads and favorable trading conditions, Deriv is an excellent choice for forex traders of all experience levels. In addition, traders can access various platforms like Deriv MT5 and Deriv's exclusive in-house trading platforms to carry out their trades.

Synthetic indices

Synthetic indices are separate from global indices, and they're Deriv's proprietary instruments that emulate real-market movements. This flexibility allows users to trade on indices that are available 24/7 and that are unaffected by regular market hours or global events.

Contracts for Difference (CFDs) on synthetic indices are available with high leverage and tight spreads on Deriv MT5, Deriv cTrader and Deriv X. The best part is that traders can trade on these assets 24/7, including weekends and public holidays.

Digital options on Synthetic indices are available on Deriv Trader and Deriv Bot. Multipliers (where the potential profit may be maximized while the risk is limited to the stake) on synthetic indices are available on Deriv Trader and Deriv GO.

Stocks & indices

Deriv offers CFDs on multiple stocks from popular exchanges like the New York Stock Exchange (NYSE), Nasdaq, and London Stock Exchange (LSE). CFDs on stocks are available with leverage of up to 1:1000 and spreads from just 0.6 pips, depending on your country of residence.

With Deriv MT5, traders can access these markets during regular market hours, five days a week. Stocks trading on this platform is a great way to diversify your trading portfolio. Popular stocks on this platform include Apple, Facebook, and Tesla.

Cryptocurrencies

Deriv offers CFDs on thetop cryptocurrencies by market capitalization, including Bitcoin, Ethereum, Litecoin, and Ripple. CFDs on cryptocurrencies are available with leverage of up to 1:100 and tight spreads.

With Deriv MT5 and Deriv X, traders can access these markets 24 hours a day, seven days a week. Cryptocurrency trading on these platforms is a great way to get exposure to digital currencies' volatile and exciting world. In addition, multipliers on cryptocurrencies are also available on Deriv GO and Deriv Trader.

Basket indices

Traders can trade currency baskets and a gold basket at Deriv. These instruments measure one asset against a basket of other currencies. Moreover, clients get leverage up to 1:1000 on Deriv’s basket indices, depending on the country they reside in, which are accessible during regular market hours.

Commodities

Deriv offers CFDs on various commodities, including gold, silver, and oil. CFDs on commodities are available with leverage of up to 1:500 and spreads from just 0.6 pips. Commodities are a popular asset class among traders, as they offer a diversification opportunity away from traditional markets like forex and stocks.

With Deriv MT5 and Deriv X, traders can access these markets during regular market hours, five days a week. Commodity trading is a great way to diversify your trading portfolio and take advantage of movements in the global markets.

Leverage information

The broker offers *leverage of up to 1:1000 on major forex pairs, depending on the country you reside in, one of the highest leverage levels available in the industry. This high level of leverage can be both an advantage and a disadvantage for traders, as it can amplify potential profits and losses.
*Leverage depends on your country of residence and the jurisdiction of your trading account.

Trading platform options

Deriv offers multiple trading platforms, including Deriv MetaTrader 5 (Deriv MT5), SmartTrader, Deriv X, and more. Let's look at all trading platforms this multi-asset broker offers.

Deriv MT5

The Deriv MetaTrader 5 (DMT5) platform is a popular choice among traders, as it is packed with features and tools like an advanced charting package, a range of Expert Advisors (EAs), and more. The availability of the MT5 platform, which can be accessed through desktop download, web-based, or mobile app options, is contingent on your country of residence.

Moreover, Deriv MT5 comes fully equipped with features like a complete technical analysis package, more than 80 built-in indicators and charting tools, and the ability to place orders directly from charts.

Deriv X

Deriv X is the broker's multi-asset trading platform powered by Devexperts that offers a clean and user-friendly interface. The platform is designed for novice and experienced traders, with a wide range of available features and tools.

Deriv X offers CFDs on forex, commodities, cryptocurrencies, and synthetic indices. The platform also gives traders access to various features like advanced charting and more. In addition, Deriv X lets clients personalize their trading experience by customizing the platform's interface according to their preferences.

SmartTrader

SmartTrader is Deriv's user-friendly trading platform that allows traders to trade with ease. The platform is available as a web-based platform.

SmartTrader gives comprehensive information about open positions' entry points, stops, and take-profits.

You need to pick the market you're trading, and the platform will show you all the information you need to make informed trades. For those who want more from their trading platform, this platform gives them a quick head start.

Deriv Trader

With 50+ tradable assets and starting with a minimum stake of $0.35, Deriv Trader is another web-based platform. The most significant advantage of using Deriv Trader is its simple interface, which is designed for novice traders.

The platform lets users make more intelligent trading decisions by providing various advanced features. With Deriv Trader, you can also access a wide range of visual charts, making monitoring your progress easier. Deriv Trader has an advanced charting package with various popular indicators and tools.

Deriv Bot

Deriv Bot empowers users with a code-free platform to automate their strategies based on a wide range of technical indicators and market conditions. With the ability to trade on over 50+ assets, users can build their strategy visually by dragging and dropping blocks, and create their trading bot in just 5 steps. This adaptability ensures that Deriv Bot can be tailored to meet the unique needs of every trader, regardless of their experience level or trading style. Whether you're a seasoned trader or just starting out, Deriv Bot's intuitive interface empowers users to build custom bots that execute trades 24/7 on cryptocurrencies and Derived Indices, maximising your potential profit.

Deriv GO

Deriv GO is the broker's mobile app that allows traders to trade on the go. The app is available for both Android and iOS devices. Deriv GO offers a clean and user-friendly interface with many features and tools.

With Deriv GO, clients can trade multipliers on forex, synthetic indices, and cryptocurrencies. The app also gives traders various features like advanced charting, price alerts, push notifications, real-time quotes, and more.

Deriv cTrader

Deriv cTrader is a highly customisable CFD trading platform offering 100+ tradable assets, 24/7 trading on cryptocurrencies and Derived indices, and zero commission. It includes advanced features like copy trading, limit and stop orders, chart trading, and custom indicators, all on a user-friendly interface designed for both new and experienced traders. With tight spreads, lightning-fast trade execution, and in-depth market analysis tools, Deriv cTrader ensures an optimal trading experience. Additionally, the platform supports automated trading that allows seamless integration with third-party trading tools.

Trading account types

Deriv is relatively straightforward when it comes to accounts. The platform has one standard account called Deriv account that gives access to Deriv Trader, SmartTrader, Deriv Bot, and Deriv GO. Once traders have a Deriv account, they can open a Deriv MT5 account to trade on Deriv MT5, which includes Derived, Financial, and Swap-Free accounts. The Deriv MT5 Swap-Free account removes overnight swap fees and interests. This enables traders to hold positions for extended periods without incurring additional costs. In addition, they can open a Deriv X account to trade on Deriv X.

Deriv also provides a fully functional demo account that lets you get used to trading. There is no limit on virtual funds, so you can trade without risking real money and improve your trading skills.

With the CFDs accounts on Deriv MT5, the broker lets clients choose their preferred jurisdiction to open an account, allowing them to choose their preferred trading conditions.

How to open your trading account

Follow the below steps to open a trading account:

• Visit the Deriv website and click on "Create free demo account."

• Enter your email address and accept T&Cs.

• You'll receive an email to verify your email to complete the signup.

• Click the link in the email sent to your inbox to verify your email.

• This will redirect you to enter your country of residence, citizenship, and create a password.

• Start trading with virtual funds, or create a real account to make a deposit and start trading with real money.

Customer support

The customer support of Deriv is available 24/7 in over 20 languages. You get priority support through live chat and their community. The broker also has an extensive FAQ section and resource articles on its website.

Overall, the customer support of the broker is excellent. Their team is responsive and knowledgeable, helping you with any issue you might have.

Available trader’s tools

Deriv offers a variety of trading tools to its clients. Let's look at all the trading tools that Deriv offers to its customers:

Margin calculator

A margin calculator is used to calculate the margin requirements for trade. Using this tool, you can see how much margin is required to open a position.

Swap calculator

This tool allows you to calculate the cost of rolling over a trade. When you roll over a trade, you are essentially extending the life of the trade by keeping the open position overnight.

Pip value calculator

The pip value calculator is used to calculate the value of a pip. A pip is the smallest unit of price movement in the forex market. This tool comes in handy when you are trading with high leverage.

PnL for margin

This tool allows you to calculate your Profit and Loss (PnL) for a margin contract. The PnL calculation takes into account the interest charged on the margin account. It's a valuable tool to see how much profit or loss you have made on your margin account.

Multipliers calculator

The multipliers calculator is used to help determine the Stop loss and Take profit levels for multipliers trades, not the value of the contracts. A multiplier is a number used to multiply a contract's value.

Deriv review in a nutshell

Deriv is a broker that offers a variety of trading platforms, including the Deriv MT5, Deriv X, and SmartTrader platforms. In addition, the broker provides a wide range of tradable instruments, including forex, synthetic indices, stocks and stocks indices, cryptocurrencies, basket indices, commodities, and ETFs.

It's a highly regulated body that offers seamless 24/7 customer support in over 20 languages. The company also has a very user-friendly and interactive website. Overall, Deriv is an excellent choice for novice and experienced traders.

FAQs

What is the minimum deposit?

The minimum deposit starts at $5.

What is the maximum leverage offered by the broker?

The maximum leverage is up to 1:1000, depending on your country of residence.

Does it offer a demo account?

Yes, it offers a demo account.

Is this broker regulated?

It is regulated by multiple regulatory bodies.

What are the deposit methods at Deriv?

The deposit methods at Deriv include bank transfers, credit/debit cards, e-wallets, and online banking.

What are the withdrawal methods at Deriv?
The withdrawal methods at Deriv are similar to the deposit methods, including bank transfers, credit/debit cards, e-wallets, and online banking.

How do I open an account with this broker?

You can open an account with the broker by signing up with your email and providing the required documents.

Does it support MT4 and MT5?

It supports MT5 and its various proprietary platforms.

What are the spreads at Deriv?

The spreads start from 0.5 pips.

What is the minimum trade size?

The minimum trade size is 0.01 lots.

How do I contact customer support?

You can contact customer support by live chat. There is also the broker's comprehensive help center and community that can help with questions you may have.

Can US residents open accounts at Deriv?

No, US residents cannot open accounts at this broker.

How can I change my password?

You can change your password by logging into your account and going to the My Profile section.

What account types does this broker offer?

To access Deriv Trader, SmartTrader, Deriv Bot, Binary Bot, and Deriv GO — traders need to open the Deriv account. To access Deriv MT5 and Deriv X, traders need to open an additional Deriv MT5 or Deriv X account once they have a Deriv account.

What is Deriv’s newest trade type?

Deriv’s Accumulator Options offer exponential growth potential with controlled risk, allowing traders to earn as long as the market price stays within a range. Traders can choose growth rates from 1% to 5% to balance risk and reward, with higher rates offering greater potential profits but narrower ranges. With contract durations up to flexible contract durations and 24/7 trading availability on synthetic indices, Accumulator Options provide fast action and continuous trading opportunities. Disclaimer: Trading conditions and platforms may differ depending on your country of residence.

Disclaimer: Trading conditions and platforms may differ depending on your country of residence.