Deriv Broker: Comprehensive Review

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 seven trading platforms, including Deriv MT5, Deriv X and DBot. It also offers APIs that developers can use to create apps and websites. Deriv traders can enjoy a maximum leverage of up to 1:1000 and a minimum deposit of $5. Moreover, the company is all set to launch two exclusive platforms this year -- cTrader and DerivEZ.

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

It offers forex, synthetic indices, stocks & stock indices, cryptocurrencies, basket indices, and commodities. 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.

Overall, it is a reliable and safe broker that offers a wide range of assets and features to its traders. This online trading broker is suitable for both 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 that 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 its 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 one year. Most brokers impose a common charge to keep their client base active. There is no fee for withdrawing your profits from the trading platform.

In addition, the spreads start from as low as 0.6 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 is only applicable to overnight trades and can either 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 0.6 pips, which is relatively low compared to other brokers.

The company offers floating spreads, meaning they change according to market conditions. Floating spreads are highly beneficial for investors because they allow 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 is only applicable to overnight trades and can either be positive or negative. However, the swap fee is very competitive when compared to other brokers.

Moreover, some FX pairs offered at Deriv are swap-free and the company also plans to offer swap-free accounts in the near future for Synthetics.

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

Deposit and withdrawal options

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

Withdrawals are also 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.

Both deposits and withdrawals are fast, and they're processed instantly. However, depending on the method used, the complete withdrawal process takes 3-5 business days to complete.

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 that your data is well-protected.

Moreover, clients can access the 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, and commodities. Traders can use the Deriv MetaTrader 5 (DMT5) platform, Deriv X – a robust CFD trading platform, or the mobile app Deriv GO. First, let's look into all available tradable markets on Deriv:

Forex

With over 50 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 0.6 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, global events, or any kind of market risks.

Contracts for Difference (CFDs) on synthetic indices are available with high leverage and tight spreads on Deriv MT5 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 DTrader and DBot. And multipliers (where traders can maximise potential profit while limiting risk to only the cost of the trade) on synthetic indices are available on DTrader and Deriv GO.

Stocks

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.

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. Some popular stocks available on this platform include Apple, Facebook, and Tesla.

Cryptocurrencies

Deriv offers CFDs on the top 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 DTrader.

Basket indices

Traders can trade currency baskets and a gold basket on Deriv. With these instruments, one asset is measured against a basket of other currencies. Moreover, clients get leverage of 1:1000 on Deriv’s basket indices, 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 it offers 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 forex pairs, one of the highest levels of leverage available in the industry. This high level of leverage can be both an advantage and a disadvantage for traders, as it can amplify both profits and losses.

Trading platform options

Deriv offers multiple trading platforms, including Deriv MetaTrader 5 (DMT5), 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 MT5 platform is available as a desktop download, web-based, or mobile app.

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 the entry points, stops, and take-profits of open positions.

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.

DTrader

With 50+ tradable assets and starting with a minimum stake of $0.35, DTrader is another web-based platform that gives you an easy way to trade. The most significant advantage of using DTrader is its simple and straightforward interface, which is designed for novice traders.

The platform lets users make smart trading decisions by providing them with various advanced features. With DTrader, you can also access a wide range of visual charts, making it easier for you to monitor your progress. DTrader also has an advanced charting package that includes various popular indicators and tools.

Deriv GO

Deriv GO is the broker's mobile app that gives traders the ability 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.

DBot

DBot is a robust trading robot that allows you to trade automatically on 50+ assets. You can automate your trading ideas without writing any code by building your trading robot in just five quick steps.

The best part is that you can visually create your trading strategy by dragging and dropping blocks. You can test your strategy on a demo account before putting it into live trading. DBot also offers a wide range of indicators and tools to get you going.

Trading account

Deriv is quite straightforward when it comes to accounts. The platform has one common account called Deriv account that gives access to DTrader, SmartTrader, DBot, Binary Bot, and Deriv GO. Once traders have a Deriv account, they can open a Deriv MT5 account to trade on Deriv MT5. In addition, they can open a Deriv X account to trade on Deriv X.

With the CFDs accounts on Deriv MT5, the broker lets clients choose their preferred jurisdiction to open an account, which allows the clients 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 a new account".
• Enter your email address.
• 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 bring you back to Deriv to enter your country of residence 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 on its website.

Also, you can visit their help centre, where they've created a comprehensive guide on how to use their platform. Overall, the customer support of the broker is excellent. Their team is responsive and knowledgeable, helping you with any issue you might have.

Available research tools

It offers a variety of research 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 that is used to multiply the value of a contract.

Education resources

There is also the Deriv Academy, where one can find market updates, educational blogs, ebooks, and videos about trading. The video lessons are short and to the point and cover a wide range of trading topics.

Deriv, 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 offers a wide range of tradable instruments, including forex, synthetic indices, stocks and stocks indices, cryptocurrencies, basket indices, and commodities.

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 1:1000.

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, and e-wallets.

What are the withdrawal methods at Deriv?

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

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 0.6 pips.

What is the minimum trade size?

The minimum trade size is 0.01 lots.

How to 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.

Does Deriv offer educational content?

Yes, it offers a wide range of educational content, including video tutorials and articles.

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 DTrader, SmartTrader, DBot, 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.

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