Overall, Deriv is considered trusted, with an overall Trust Score of 85 out of 100. The broker is licensed by zero Tier-1 Regulators (highly trusted), zero Tier-2 Regulators (trusted), zero Tier-3 Regulators (average risk), and four Tier-4 Regulators (high risk).  

Deriv Review – 13 key points quick overview:

1. ☑️Overview 
2. ☑️At a Glance
3. ☑️Deriv Account Types 
4. ☑️How to Open A Deriv Account 
5. ☑️Deriv Deposit & Withdrawal Options 
6. ☑️Trading Instruments & Products 
7. ☑️Deriv Trading Platforms and Software 
8. ☑️Spreads and Fees 
9. ☑️Leverage and Margin 
10. ☑️Educational Resources 
11. ☑️Pros & Cons 
12. ☑️Security Measures 
13. ☑️Conclusion 

 

Overview

  The broker was founded in 1999 by Regent Markets Group and aims to democratize Internet commerce by providing user-friendly systems. In 2000, it established a fixed-odds trading platform, making financial trading more accessible. Its commitment to client-centric innovation has earned it numerous accolades for its platforms, trading spreads, and brokerage services.    As an internationally recognized and regulated broker, they prioritize consistent dependability with an exceptional uptime record.   Its commitment to creating an inclusive trading experience includes extensive training materials and multilingual customer support, encouraging traders of all skill levels to start their financial trading adventures. The broker’s commitment to safety and regulatory compliance ensures clients can confidently trade.   

How long has Deriv been operating?

The broker originally known as Binary.com, was founded in 1999 by Regent Markets Group, with over two decades of expertise in financial markets.  

What distinguishes Deriv from other online trading platforms?

The Brokers distinguishes itself by its focus on client-centric innovation.  

At a Glance

 

Deriv Account Types 

   

Financial DMT5 Account

This account is aimed at traders who want to trade CFDs on various financial assets, including FX, equities, stock indexes, commodities, and cryptocurrencies. It provides a high leverage of up to 1:1000, enabling traders to trade over 170 assets.    

MT5 Account

The MT5 account is designed for trading customized synthetic indices and offers access to over 40+ assets. These synthetic indexes mimic real-world market fluctuations and are tradeable 24 hours a day, seven days a week.   This account, with leverage up to 1:1000, is known for its transparency and provides a unique trading environment not directly impacted by the financial markets.   

MT5 Swap-Free Account

The Swap-Free account is intended for traders who want to participate in CFD trading without paying swap fees on overnight positions. It trades several assets, including Forex, equities, indices, cryptocurrencies, and synthetic indices.   

cTrader Account

The cTrader Account is a user-friendly alternative to the MT5 platform, offering a transparent trading environment with quicker execution and reduced spreads.   It is suitable for new and experienced traders, offering complex risk management capabilities, level II pricing, and detachable charts, making it a valuable tool for professional traders.   

X Account

The X Account is a customizable trading platform that offers CFD trading benefits and a user-friendly interface for traders. It offers access to financial products like Forex, commodities, cryptocurrencies, and indices.   The account features strong analytical tools, technical indicators, and graphical elements to aid in complex trading strategies. It is an excellent choice for traders seeking a simple and practical platform.   

Trader Account

The Trader Account is designed for binary options trading, offering a straightforward platform with features like high/low, touch/no touch, and in/out transactions.   It provides traders with a fixed-risk strategy with advanced gains and losses. It allows access to various marketplaces and expiration durations, allowing them to profit from short-term market movements.   

Demo Account 

The Demo Account is risk-free, enabling traders to test their trading methods without risking real money. It is a wonderful tool for beginners to familiarise themselves with trading platforms, which include MT5, cTrader, and Deriv X.   The Demo Account includes virtual money, allowing traders to practice their trading abilities and alter their tactics in a simulated trading environment. It is also useful for experienced traders who want to try out new markets or trading tactics without risking their money.   

Can traders on Deriv use a swap-free account?

Yes, provides the MT5 Swap-Free account, which caters to traders who desire to trade without swap costs, especially those adhering to Islamic financial standards.  

What are the trade sizes accessible to Deriv X account holders?

Deriv X account holders may trade from 0.01 lots, allowing traders to change their position sizes based on risk tolerance.  

How To Open a Deriv Account 

To register an account, follow these steps:   

Step 1 – Click on the Open demo account.

• Go to Deriv’s official website, www.deriv.com. 
• Open a Demo account or a genuine account.

   

Step 2 – Complete the form.

• Fill out the registration form with your personal information, including your full name, email address, country of residence, and telephone number. Choose your account’s base currency from USD, EUR, GBP, and more. 

• It is important to read and comprehend the terms and conditions supplied. 

• After completing the registration form and accepting the conditions, they will send you a verification email. To validate your account, click the verification link provided in the email. Verification may demand extra papers for security and fraud protection. 
• After funding your account, you are ready to trade. 
• Log in with your account credentials to access trading tools, indicators, and charting capabilities. 

   

Is there a verification step for enrolling with Deriv?

Yes, after completing the registration form, they will send you a verification email. Additional papers may be necessary for security and fraud protection.  

Can traders choose their preferred base currency when creating an account?

During the registration, traders may pick their favorite base currency from USD, EUR, GBP, and more choices.  

Deriv Deposit & Withdrawal Options 

 

Deposits

How to Deposit using Bank Wire Step by Step

✅Log onto your account and navigate to the “Cashier” area.  ✅Select “Bank Wire” as your deposit method.  ✅You will get account information (beneficiary bank, account number, SWIFT code, and so on).  ✅Make the wire transfer from your bank account online or at a branch. Make careful to include any reference codes given. Funds may take a few business days to appear in your account.   

How to Deposit using Credit or Debit Card Step by Step

✅Go to the “Cashier” area of your account.  ✅Choose either “Visa” or “Mastercard” as your deposit method.  ✅Enter the amount you wish to deposit with your card information (card number, expiry date, and CVV code).  ✅Follow the steps to confirm the transaction, including utilizing your bank’s security verification system (such as 3D security). Deposits made using credit or debit cards are often processed promptly.   

How to Deposit using Cryptocurrency Wallets Step by Step

✅Go to your “Cashier” and pick the cryptocurrency you want to deposit (such as Bitcoin, Ethereum, or Litecoin).  ✅A unique deposit address will be issued for your account.  ✅Transfer funds from your cryptocurrency wallet to the given deposit address.  ✅As cryptocurrency transactions are irrevocable, double-check the address for correctness. Transaction timings vary based on the cryptocurrency and network activity.   

How to Deposit using e-Wallets or Payment Gateways Step by Step

✅Navigate to the “Cashier” area of your Deriv account.  ✅Select your favorite e-wallet provider from the list of available alternatives.  ✅Enter the amount you want to deposit and log into your e-wallet account to authorize the transaction. Funds sent using e-wallets are usually credited to your Deriv account immediately.   

Withdrawals

How to Withdraw using Bank Wire Step by Step

✅In the “Cashier” section of your Deriv account, choose “Bank Wire” as the withdrawal option.  ✅Enter the amount you wish to withdraw and your bank account information (account name, number, SWIFT code, etc.).  ✅Submit a withdrawal request, which Deriv will examine. Bank wire withdrawals may take several working days to process.   

How to Withdraw using Credit or Debit Cards Step by Step

✅In the Deriv “Cashier,” choose the “Visa” or “Mastercard” withdrawal option based on the card used for deposits.  ✅Enter the amount you want to withdraw. Your withdrawal request will be executed, and funds should be in your card account within a few business days.   

How to Withdraw using Cryptocurrency Wallets Step by Step

✅Select your favorite e-wallet as the withdrawal method in the Deriv “Cashier.”  ✅After Deriv processes your withdrawal, the funds should be sent to your e-wallet account quickly.   

How to Withdraw using e-Wallets or Payment Gateways Step by Step

✅In your Deriv “Cashier,” pick the cryptocurrency you wish to withdraw.  ✅Provide your cryptocurrency wallet’s receiving address.  ✅Enter the withdrawal amount and submit your request. Your withdrawal will be executed after Deriv has approved it, and the cryptocurrency should appear in your wallet (time varies depending on the cryptocurrency).   

Is there a minimum deposit required to start an account with Deriv?

Yes, the minimum deposit needed varies based on the account type selected.  

How can traders access Deriv trading platforms once they have funded their accounts?

After financing their account, traders may download and install their favorite trading platforms, such as MetaTrader 5 or DMT5, from Deriv’s website, then log in using their account information.  

Trading Instruments & Products

  ➡️Forex – Deriv lets traders speculate on currency pairing price fluctuations through diverse currency pairings, allowing them to capitalize on global market trends.  ➡️Derived Indices are unique to Deriv and imitate real-world market fluctuations using a cryptographically safe random number generation.  ➡️Stocks – Deriv’s platform allows traders to speculate on the price fluctuations of firms from different industries and locations.  ➡️Indices – Traders have access to key global stock indexes, which enable them to bet on the broad direction of the stock market without trading individual companies.  ➡️Commodities – Deriv provides trading on a wide range of commodities, including precious metals such as gold and silver and energy sources such as oil.  ➡️Cryptocurrencies – The platform offers trading on major cryptocurrencies, allowing traders to speculate on the unpredictable crypto market.  ➡️ETFs – Deriv offers access to various ETFs that can be traded across powerful trading software with competitive trading conditions.   

How many currency pairings are available to trade on Deriv?

Deriv provides traders access to 38 currency pairings, including major, minor, and exotic pairs, giving them plenty of options for diversifying their trading methods.  

Are there any limits on trading instruments depending on the kind of Deriv account?

Deriv provides various trading tools across different account kinds to ensure traders can access markets and goods that match their trading techniques and preferences.  

Deriv Trading Platforms

 

MetaTrader 5

MetaTrader 5 (MT5) is a Deriv-provided platform designed for traders, offering extensive financial trading functionalities, technical analysis tools, automated trading systems, and copy trading features.   It allows traders to trade Forex, equities, and commodities with a user-friendly interface and numerous order types, making it suitable for new and experienced traders.   

Deriv X

Deriv X is a customizable CFD trading platform offering a user-friendly environment for traders to handle forex, commodities, and cryptocurrencies accurately and flexibly.   The platform’s risk management, real-time charting, and analytical tools help traders make informed decisions, enhancing their trading success.   

Trader

Deriv Trader is a user-friendly platform designed to streamline the trading process for digital options and multipliers across various assets.   It offers a simplified experience with market research, instructional materials, and trading tools, enabling rapid trade execution and making it an ideal solution for traders of all skill levels.   

SmartTrader

Deriv’s SmartTrader is a user-friendly web-based trading platform for digital options trading. It offers a streamlined interface, allowing traders to understand market trends and take necessary actions quickly.     It offers a comprehensive approach with various contract types without compromising on extensive research tools, making it ideal for convenience and comprehensive trading.   

cTrader

Deriv cTrader is a popular software known for its robust trading capabilities and top-tier charting tools. It offers advanced solutions like quick entry and execution, level II pricing, and intricate order types.    

Deriv GO

Deriv Move is a mobile trading program that allows traders to trade multipliers on the go, offering ease and robust capabilities.   Its intuitive design allows users to access markets, check real-time pricing, and execute transactions with a few taps, making it ideal for those seeking the freedom of mobile trading without sacrificing sound decision-making.   

Deriv Bot

Deriv Bot is a web-based tool that allows traders to automate their trading strategies using a drag-and-drop interface, enhancing efficiency and attracting those seeking to leverage automated trading to capitalize on market opportunities 24/7.   

Binary Bot

Binary Bot, part of Deriv’s trading tools, automates binary options trading techniques with an easy-to-use interface.   It allows traders to program bots to follow a specific strategy, managing transactions based on market indications and user-specified criteria, making it ideal for flexible and uncomplicated trading.   

What separates Deriv Bot from other trading platforms?

Deriv Bot is a web-based application that enables traders to automate their trading tactics using a simple drag-and-drop interface, increasing efficiency and attracting individuals looking to capitalize on market opportunities around the clock.  

Does Deriv provide MetaTrader 5 as a trading platform?

Yes, MetaTrader 5 (MT5) is one of the trading platforms, that delivers advanced financial trading features, technical analysis tools, and automated trading systems for users of various skill levels.  

Spreads and Fees

 

Spreads

Deriv’s platform offers competitive spreads for major currency pairings like EUR/USD, starting at 0.5 pips, aiming to keep costs transparent and affordable for traders.   

Commissions

Deriv’s no-commission trading strategy allows traders to profit from the spread.  

Overnight Fees

Overnight costs, or swap fees, are common in forex and CFD trading and incurred for maintaining positions open overnight. Deriv charges these fees based on the underlying asset’s interest rates, which traders should check on their platform.   

Deposit and Withdrawal Fees 

Traders should check specific costs for their chosen deposit or withdrawal method.   

Inactivity Fees

Deriv charges a $25 inactivity fee after 12 months of no trading activity, a normal market cost. This minor fee encourages traders to remain active or withdraw funds if they no longer want to trade.   

Currency Conversion Fees

Deriv traders should be aware of currency conversion costs, exchange rate fees, and potential changes in market pricing, as they rely on third-party sources to determine these charges.   

Are there any commissions paid for trading on Deriv?

No, Deriv uses a no-commission trading strategy, which allows traders to benefit from the spread without incurring extra expenses.  

Does Deriv provide competitive spreads for key currency pairs?

Yes, Deriv attempts to make expenses clear and cheap for traders by providing competitive spreads.  

Leverage and Margin 

Margin is the deposit needed to initiate and maintain a leveraged position, serving as collateral.   The margin varies with the market, with a higher margin indicating an improved position and a lower margin indicating a market move against the trader.   

What is margin, and why is it crucial for Derivatives traders?

The margin on Derivatives is the deposit necessary to open and maintain a leveraged position, acting as collateral and assuring traders have enough funds to cover possible losses.  

Can traders change the leverage levels on their derivative accounts?

Yes, traders on Deriv may modify leverage levels according to their risk tolerance.  

Educational Resources 

• Deriv Academy – Deriv Academy offers unique trade classes, focusing on fundamental Forex ideas, terminology, and trading techniques using Deriv MT5. It provides detailed insights into Deriv MT5 platforms, tools, and order types, enhancing traders’ understanding. 
• Deriv Blog – Deriv Blog offers market knowledge, trading methods, and professional analysis of forex, equities, cryptocurrencies, commodities, CFDs, options, and multipliers, providing up-to-date market news for traders. 
• Deriv Videos – Deriv Videos offer visual learning experiences for trading principles and tactics, complementing Deriv’s Blog and Academy with market commentary and platform instructions. 
• Deriv Guides – Deriv Guides offers step-by-step instructions for using technical analysis tools on Deriv’s trading bot, simplifying complex trading methods, and demonstrating the platform’s ability to automate and optimize trading activity. 
• Deriv Courses – The Academy’s Deriv Courses cater to beginner to expert levels, providing a solid foundation in forex trading and a deep dive into advanced trading methods. 

 

Are Deriv’s teaching materials acceptable for traders of all levels?

Yes, Deriv’s teaching tools are designed for traders of all skill levels, from beginners to expert traders, with extensive learning materials suited to individual learning curves.  

Does Deriv provide live webinars where traders may connect with experts?

Yes, Deriv often organizes live webinars led by industry professionals, allowing traders to participate, ask questions, and get insights into various trading issues in real time.  

Pros & Cons

 

Security Measures 

The broker a leading online trading service provider, has a strong reputation for customer trust and security. With a history dating back to 1999, they have pioneered the world’s first fixed-odds trading service and have continuously improved their services to meet global traders’ changing demands.  The company’s reliability is based on its compliance with various regulatory bodies, ensuring financial integrity and customer safety.    

Does Deriv provide two-factor authentication (2FA) for increased account security?

Yes, they offer two-factor authentication (2FA) as an extra layer of protection for traders’ accounts, lowering the risk of unauthorized access and safeguarding against account compromise.  

How does Deriv address suspicious activity and suspected fraud on its platform?

They use powerful fraud detection algorithms and carefully monitor trading operations to detect and prevent suspicious activity, maintaining a safe and secure trading environment for all users.  

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Conclusion 

Its platform combines powerful trading capabilities with an easy-to-use interface, making financial markets accessible to many clients.   The broker adheres to regulatory norms in several countries, ensuring security and confidence for its customers. The platform offers a variety of trading instruments, including Forex, equities, commodities, cryptocurrencies, and synthetic indices, with cheap spreads and no fees.