Deriv is a renowned CFD and Options trading platform, allowing users to trade in 100+ underlying assets across all major financial markets. Because of the ever-increasing platform’s popularity, we couldn’t resist ourselves from reviewing the brokerage, so we have come up with a detailed Deriv Broker review 2023.
The Deriv broker claims to simplify the process of trading & investing and make it accessible to all. Additionally, the broker’s review on various forums seems to justify its claims, another reason for creating this Deriv review.
So, without wasting much time, let’s start this Deriv.com review to take a detailed overview of the platform’s fee, regulatory compliance, product offerings and much more.
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Deriv Broker Review 2022: Quick Overview
| Official Website | www.deriv.com |
| Establishment Year | 1992 |
| Headquarters | Malta |
| Account Currency | Fiat & Cryptocurrencies |
| Maximum Leverage | 1:100 |
| Tradable Instruments | Currency pairs, cryptocurrencies, CFDs, indices, stocks, synthetic indices, commodities |
| Margin Call | 100% |
| Stop Loss | 50% |
What Is Deriv Broker?
Deriv, formerly known as binary.com, is a multi-asset CFD trading platform offering to trade in various financial markets, including forex, commodities, cryptocurrencies, and synthetics.
Deriv.com began its adventure in 1999, meaning it has more than 20 years of industry experience. With headquarters in Malta, the broker holds a license to operate in all major countries except the USA, Canada and Hong Kong.
The holding company Deriv Limited has two subsidiaries operating in the European Union with the name Deriv Investments (Europe) Limited and outside the EU (Deriv FX Ltd). In the next section of this detailed Deriv broker review 2022, let’s look at its regulatory approvals and compliance.
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Is Deriv A Scam Broker?
No, Deriv is not a scam; rather, it is a well-regulated broker holding licenses from several financial regulators. While writing this Deriv review, we thoroughly checked its regulatory compliance and found that the broker holds licenses to operate in both EU and Non-EU countries. Let’s have a look at the regulatory compliance of Deriv. com.
European Union Licenses
- Deriv Investments (Europe) Limited, a subsidiary of Deriv Limited, is regulated by Malta Financial Services Authority with license no. IS/70156.
- Holds FCA license to operate in the UK.
Non-EU Licenses
- Deriv (FX) Ltd is regulated by the Labuan Financial Services Authority (LFSA) with license no. MB/18/0024.
- Deriv (BVI) Ltd holds a license to operate from the British Virgin Islands Financial Services Authority with license no. SIBA/L/18/1114).
Our Verdict on Is Deriv A Scam Broker? As per our Deriv.com review and the broker’s regulatory approvals & compliance, we can conclude that Deriv is absolutely a legit broker.
Is Deriv.com Safe To Trade With?
Yes, Deriv.com is a safe broker, as all protocols related to its security are considered standard within the industry as per our Deriv broker review.
The platform uses SSL encryption to protect users’ sensitive data. For this reason, customers can rest assured that their data is protected and secure.
Deriv Fees, Commission & Spreads
Deriv Broker spread charges start from 0.5 pips for EUR/USD. Apart from this, there is no information regarding the platform’s spread list and fee schedule available on the website.
However, to find out the exact fee & spread charges, one has to open a real account with the broker first, which we think is really disappointing. There is also an inactivity fee, but the exact amount is unknown.
Henceforth, the broker is not transparent in its fee structure, which can be counted as its biggest drawback.
How Much Leverage Does Deriv Give?
Deriv broker offers maximum leverage of up to 1:1000, allowing you to open long positions with a smaller balance in your trading account.
The higher the leverage, the less money you will need to invest, but you must also consider the risks. Above all, the consequences of your losses.
As per our Deriv Broker review, the leverage offered by the platform is comparatively high compared to its competitors. It is an advantage to be taken into account.
Deriv Review: Payment Methods For Deposits & Withdrawal
While creating the Deriv.com review, the best feature of the account we came across was its long list of payment methods. You literally have every option to fund your account easily. Let’s take a look at the available payment methods and minimum & maximum limits for withdrawals.
| Online Banking | ||
| Payment Methods | Minimum-Maximum Deposits | Minimum-Maximum Withdrawals |
| Instant Bank Transfer | $5 – $50,000 | $5 – $50,000 |
| PayTrust | $10 – $17,000 | N/A |
| Help2Pay | $15 – $10,000 | N/A |
| Dragon Phenoex | $10 – $10,000 | N/A |
| ZingPay | $10 -$500 | $10 – $6,000 |
| NganLuong | $10 – $2,500 | $10 – $2,500 |
| Credit/Debit Cards | ||
| Visa | $10 – $10,000 | $10 – $10,000 |
| Mastercard | $10 – $10,000 | $10 – $10,000 |
| Maestro | $10 – $10,000 | $10 – $10,000 |
| Diners Club International | $10 – $10,000 | $10 – $10,000 |
| JCB | $10 – $10,000 | $10 – $10,000 |
| E-Wallets | ||
| FasaPay | $5 – $10,000 | $5 – $10,000 |
| Skrill | $10 – $10,000 | $10 – $10,000 |
| Neteller | $10 – $10,000 | $5 – $10,000 |
| Jeton | $5 – $1,000 | $5 – $1,000 |
| Trustly | $10-$100 | N/A |
| AstroPay | $5 – $2,500 | $5 – $2,500 |
| Advcash | $5 – $1,000 | N/A |
| Cryptocurrencies | ||
| Bitcoin | N/A | 0.0022 |
| Ethereum | N/A | 0.013 |
| Litecoin | N/A | 0.085 |
| USD Coin | N/A | 25 |
| Tether | N/A | 25 |
| Fiat Onramp | ||
| Changelly | $50 – $5,000 | N/A |
| BANX | $50 – $5,000 | N/A |
| XANPOOL | $50 – $5,000 | N/A |
What Are The Trading Services Offered By Deriv Broker?
Currently, the platform is offering three types of trading services to its users: CFD, Options and Multipliers. Let’s understand the Deriv services through our detailed Deriv broker review:
CFD Trading
The platform allows traders to trade CFDs and enjoy leverage on their trades along with very tight spreads to get the best returns on your winning trades.
Options Trading
The broker’s options trading service let you make profits by speculating the market movements of assets without owing it. The available options on the platform include Digital Options, Lookbacks, and Call/put Spreads.
Multipliers
The most interesting feature of the platform will remain its multipliers trading function, which allows users to get the advantage of CFD and simplicity & limited risk of options. If the market moves in your favour, you will get the leveraged profits, and if it’s not, your losses will be limited to your invested capital.
What Can You Trade On Deriv.com?
The asset offerings of the platform are appreciable, with over 100+ underlying assets across all major financial markets available for trading. Let’s take an in-depth look at Deriv’s tradable instruments:
Forex:
With Deriv, you can trade in the largest financial market in the world, where more than 5 trillion dollars of currencies are bought and sold daily.
Stocks and Indices:
You can also predict market trends by trading company stocks and indices.
Synthetic Indices:
Synthetic indices are an alternative to market indices which emulate the excitement of real markets but without unpredictable disruptions.
Cryptocurrencies:
Trade with leverage on the price movement of the most popular cryptocurrencies in the market and generate profits with it
Commodities (Raw materials):
You can trade all types of commodities on the platform, including soft, hard and precious metals.
Review Of Deriv Account Types
The brokerage offers two types of accounts to its users: Demo Trading & Real trading account. After practising on the Deriv broker demo account, users can easily switch to the real account.
| Features | Synthetic | Financial | Financial STP |
| Tradable Instruments | CFDs 24/7 on synthetic indices | Forex, stocks, stock indices, cryptocurrencies, basket indices, and commodities | Forex Pairs |
| Account Minimum | $5 | $5 | $5 |
| Deriv Broker Leverage | 1:1000 | 1:1000 | 1:100 |
Deriv Broker Demo Account
The demo account offered by the broker let you practise the trading and helps in familiarising with the platform. It also offers virtual funds for practice trades worth $5,000.
Deriv Broker Sign up: How To Open An Account?
Opening an account in Deriv is free and easy; just complete the registration form with the requested information. You can also open your account by linking your Google, Facebook or Apple account.
On the other hand, if you are already a Binary.com user, you can also quickly sign in using Deriv.com login credentials. Let’s understand the process of opening an account with Deriv:
- Visit the official website of Deriv and tap on the “Signup” or “Create free demo account” button.
- Enter your email address and “submit.” You’ll soon receive a verification link via email, click on that.
- Complete the online registration and get Deriv login credentials.
How To Place Your First Trade On Deriv?
After creating an account with a broker, you’re all good to place your first trade. Let’s see how you can trade on the platform:
- Firstly, open your Deriv App and apply the filter in the Asset Class column to select your preferred asset.
- Now, you will have three options to place a trade: Right-click on the asset in the watchlist and tap Buy order or Sell order, Tap on the Bid or Ask price in the watchlist or Right-click on the asset’s chart, and select either Buy or Sell.
- In the end, choose your order type, lot size, preferred limit, set stopp loss and click on the ‘Send Order’ button.
Deriv Broker Review: Available Trading Platforms
The Deriv broker offers simple, flexible and reliable platforms where you can enjoy a trading experience that lives up to your expectations.
Whether you’re a beginner, professional or anyone obsessed with MetaTrader platforms, Deriv has everything for everyone. Let’s review its all available platform and help you decide which one fits you well.
DTrader
It is a standard trading platform with which you can get started from the first moment you open an account and make your first deposit.
- 50+ Tradable assets
- Minimum stake – $0.35
- Flexible trade duration from 1s – 365d
- Potential payout >200%
DBot & Binary Bot
If you want to benefit from automated trading, without a doubt, this is your platform. Plus, you don’t need coding. DBot is already prepared for you with a pre-configuration, so you will only have to activate it or make the adjustments you need previously.
Deriv MT5
If you are used to trading with MetaTrader platforms, the Deriv Broker MT5 platform will allow you to trade CFDs and Forex. All in one.
SmartTrader
The SmartTrader platform allows users to trade contracts by providing an optimal user experience.
Review Of Deriv Broker App
The brokerage offers two different apps for smartphones. These platforms help you place and monitor your trades on the go.
Deriv X
Deriv X is a customisable multi-asset mobile trading platform offering CFDs on forex, commodities, cryptocurrencies, and synthetics. You can scan the QR for the Deriv broker app download.
- Multiple markets on a single platform
- 100+ tradable assets
- 24/7 Trading
- Zero commission
DerivGo
Deriv GO is a proprietary mobile app specifically for trading multipliers on the go. The app helps you trade on forex, synthetic indices, and cryptocurrencies without risking more than your stake.
- 24/7 trading
- User-friendly features
- Easy access
- Up to x1000 potential profit
Insights On Deriv Broker Bonus
Currently, there are no bonuses available on the platform. The EU regulation of the broker restricts it from offering any bonuses. However, the broker may sometimes offer sign-up offers.
Deriv Review: Educational and Research Support
Educational Support
The available educational support can make your trading experience much better. The platform has a dedicated section named ‘Academy’ for educational support,w which includes helpful blogs, FAQs, etc.
Research Support
In addition to a wide investment offer, the Deriv platform also offers some useful resources for traders, including
- Margin calculator
- Swap calculator
- Pip calculator
- DMT5 Signals
Deriv Broker Review: Customer Support
The worst part of using the Deriv. Com trading platform is that it lacks phone support. However, in the help centre, you will have the answers to the most frequently asked questions.
And you can also count on the help of its online community. But if you have a more serious problem, chat support will be there for you. The worst is that Deriv Broker Email Address is unavailable.
But still, our take on Deriv customer support is that it needs improvement as it is the key to success. However, you can head to a better option with perfectly managed customer support – InvesFW.
Deriv Broker Review: Pros & Cons
| Pros | Cons |
| Well-Regulated & Licensed | No Copy Trading |
| Robust Security | No Deposit Bonus |
| Minimum Deposit Requirements | Unavailability of MT4 |
| Demo Account | |
| Lack Hidden Fees |
Deriv Broker Complaints & Users’ Rating
The platform has a good position in the market with 4.6 stars rating out of 10 on Trustpilot. However, some of the Deriv broker complaints are related to its manipulation of synthetic Indexes. Here are Deriv reviews from its existing users.
Top 3 Deriv Competitors & Alternatives
After reading this detailed Deriv broker review, if you still hesitate to trade with the broker, We have some better recommendations for you. Take a look at them:
Deriv vs InvestFW
| Features | Deriv | InvestFW |
| Markets | Forex, Stocks, Commodities, Indices and Cryptocurrencies | Forex, Stocks, Commodities, Indices and Cryptocurrencies |
| Regulators | MFSA, LFSA, VFSC, BFSC | FCA |
| Minimum Deposit | $5 | $250 |
| Tradable Instruments | 100+ | 250+ |
| Users’ Ratings | 4.4/5 | 4.6/5 |
Deriv vs BinaryCent
| Features | Deriv | BinaryCent |
| Markets | Forex, Stocks, Commodities, Indices and Cryptocurrencies | Forex, Stocks, Commodities, Crypto |
| Regulators | MFSA, LFSA, VFSC, BFSC | VFSC |
| Minimum Deposit | $5 | $250 |
| Tradable Instruments | 100+ | 300+ |
| Leverage | 1:1000 | 1:100 |
Deriv vs Ayonda
| Features | Deriv | Ayonda |
| Markets | Forex, Stocks, Commodities, Indices and Cryptocurrencies | Forex, Stocks, Commodities, Crypto |
| Regulators | MFSA, LFSA, VFSC, BFSC | FCA |
| Minimum Deposit | $5 | $100 |
| Tradable Instruments | 100+ | 100+ |
| Leverage | 1:1000 | 1:30 |
Conclusion
Our detailed Deriv Broker review indicates that the broker is well regulated and offers appreciable services. However, it lacks in offering some common features like phone support, MT4 platform and bonuses. After reading this Deriv review, you might have understood the platform and can start trading if it fits your style.
On the other hand, if you are still unsure about the platform, you can head to another best forex broker – InvestFW. The trading platform has a much wider product offering than Deriv, and of course, it offers responsive phone support and generous bonuses.
FAQs
Does Deriv Have NAS100?
Yes, Deriv broker allow traders to trade on various major indices, including NAS100. Other available indexes for trading on the platform include US 500, US Tech 100 and Wall Street 30.
Is Deriv A Legit Broker?
Yes, Deriv is a legit broker holding licenses from several financial regulators like MFSA, LFSA, VFSC, and BFSC. Read our Deriv broker review to understand further about the platform.
What Are Deriv Restricted Countries?
The Deriv restricted countries include Albania, Barbados, Cambodia, Jordon, Malta, Pakistan, United Arab Emirates (UAE), United States of America (USA), United Kingdom (UK), Belarus, Canada, Hong Kong, Israel, Jersey, Malaysia, Paraguay and Rwanda.
How Does Deriv Make Money?
Deriv Broker makes money through spreads, which is the difference between an asset’s buying and selling price. Read our Deriv broker review to get more information.
Is Deriv Broker Genuine?
Yes, it is a genuine broker as it is well licensed and regulated by top-tier financial watchdogs. Additionally, the platform implements robust security measures to provide a safer trading environment.
Is Deriv Limited A Good Broker?
Yes, Deriv Limited is a good broker, all thanks to its regulatory approvals from several financial regulators like MFSA, LFSA, VFSC, and BFSC.
Which Country Owns Deriv?
Deriv Limited has several subsidiaries operating in different countries. Its EU subsidiaries are registered in Malta, while its Non-EU subsidiaries are registered in Malaysia, the British Virgin Islands and St. Vincent and the Grenadines.
Is Derive Good?
Yes, it is a good broker regulated by top-tier financial watchdogs. Additionally, the platform implements robust security measures to provide a safer trading environment.
What Is The Minimum Deposit On Deriv?
The minimum deposit for opening and trading on Deriv is $5. However, it increases with each progressive account tier.
How Long Do Deriv Withdrawals Take?
The withdrawal requests are processed instantly in most cases. However, it may take upto 15 working to reflect in your account. Read our Deriv broker review to know about the withdrawal process.
How Much Can I Withdraw From Deriv?
The platform has a maximum withdrawal limit of $10,000 for CR accounts (non-European). Meanwhile, the minimum withdrawal for the platform is $5.
How Much Do I Need To Start Trading With Deriv?
You will need just $5 to start trading with Deriv. It is one of the few brokers offering the lowest deposit requirements.
Can You Withdraw From Deriv To Bank Account?
Yes, you can withdraw funds from your Deriv. com account to our bank account. However, the withdrawal limits and minimums are according to the payment mode you choose.
Can I Have 2 Deriv Accounts?
The platform allows you to trade on multiple Deriv Broker real account on different servers – all associated with the same deriv.com login id.
Can You Withdraw Without Verification On Deriv?
Yes, you can withdraw funds from your account without verification. However, the withdrawal limits are set at $100,000 for non-verified accounts.
When Was Deriv Found?
The platform was founded in 1999, and today, it is counted among the leading forex and CFD brokers. Read our Deriv broker review to get more information.
Do I Need To Verify My Deriv Account Before Withdraw?
No, there is no need to verify your Deriv account before the withdrawal. However, there is a withdrawal limit for non-verified accounts.
Does Deriv Give Bonus?
Currently, there are no bonuses available on the Deriv Forex Broker platform. The EU regulation of the broker restricts it from offering any bonuses.
Can I Use Mastercard To Deposit On Deriv?
Yes, you can deposit funds in your Deriv account through Mastercard. Other payment methods include Visa, Bank transfers and E-wallets.
How Do I Withdraw Money From Deriv MT5 Account?
Here’s how you can withdraw money from Deriv MT5 Account:
- Log in to your account and click on Cashier.
- Now, tap on ‘Withdrawal’, and you’ll receive a confirmation email. Click on the link, and it will land you on the withdrawal page.
- Enter the amount and select your payment methods.
- You’ll soon receive a confirmation e-mail.
What Is Deriv Broker Minimum Deposit?
The minimum deposit for Deriv Broker is $5. Just open an account, make a deposit and start trading.
How To Complete Deriv Broker Registration?
To complete the registration process, follow these steps:
- Visit the official website of Deriv and tap on the “Signup” or “Create free demo account” button.
- Enter your email address and “submit.” You’ll soon receive a verification link via email; click on that.
- Complete the online registration and get Deriv login credentials.
Is Deriv A Regulated Broker?
Yes, Deriv is a regulated broker holding licenses from several financial regulators like MFSA, LFSA, VFSC, and BFSC.
Is Deriv A Good Broker?
Yes, it is a good broker regulated by top-tier financial watchdogs. Additionally, the platform implements robust security measures to provide a safer trading environment.
Can You Make Money On Deriv?
Yes, you can make money on Deriv by trading the underlying assets available on the platform.
How Much Commission Is Deriv?
Deriv doesn’t charge commission for trading; however, it may charge spreads for each trade placed on the platform.
Is Deriv A Nigerian Broker?
No, Deriv is a European broker and doesn’t regulate and hold licenses from any Nigerian authority.
Who Is The Owner Of Deriv Broker?
Deriv limited holds all the subsidiaries operating in EU and Non-EU countries.
Can I Use MT4 With Deriv?
No, you can’t use MT4 with Deriv; however, you can use its proprietary platform and more advanced MT5 platforms.
What Should I Trade On Deriv?
You can trade Forex, Stocks, Commodities, Indices and Cryptocurrencies on the platform.
What Type Of Broker Is Deriv?
Deriv is a Forex, Options and CFD broker, offering trading in 100+ instruments across all major markets.
Can I Withdraw BTC From Deriv?
Yes, you can withdraw your funds in Crypto in Deriv. The available cryptos are Bitcoin, Ethereum, Litecoin, USD Coin and Tether.
Can I Buy Bitcoin On Deriv?
Yes, Deriv allows traders to buy all prominent Cryptocurrencies, including Bitcoin, Ethereum, Litecoin, USD Coin and Tether.
Is Deriv Regulated In South Africa?
No, it is not regulated in South Africa. It holds licenses from Malta, Malaysia, the British Virgin Islands and St. Vincent and Grenadines.
How Do I Verify My Deriv Account?
The process of verification n Deriv is easy; just upload a copy of your government-issued documents and click on Submit. You’ll be notified upon successful verification.
Can I Trade Forex With Deriv?
Yes, you can trade Forex, Commodities, Stocks and Indexes on the Deriv broker platform.
What Is Needed To Open A Deriv Account?
You’ll need a copy of your government-issued documents and the minimum amount to deposit to open an account with the broker.
Is Deriv A Or B Broker?
Deriv Is A Hybrid Broker – Both an A-Book And B-Book Broker in terms of its order execution model.
How Many Users Is Deriv?
There are over 1 million worldwide users of the platform.
Does Deriv Manipulate Synthetic Indices?
No, Deriv doesn’t manipulate any trades related to synthetic indices.
How Do I Delete My Deriv Account?
For account deletion, you can contact Deriv customer support through live chat. They will surely help you delete your account permanently.
Is Deriv Also Binary?
Yes, Deriv. com is a rebranded version of Binary.com. The company was taken over by the Deriv Limited.
Where Is Deriv Based?
Deriv is a Malta-based CFD and options brokerage platform.
Is Deriv Com A Scam Or A Good Forex Broker?
Deriv com is a good forex broker as it is well regulated by MFSA, LFSA, VFSC, and BFSC.
What Is Deriv And How Does It Work?
Deriv, formerly known as binary.com, is a multi-asset CFD trading platform. The primary function of the platform is to provide trading services in various financial markets, including forex, commodities, cryptocurrencies, and synthetics.
Is It Safe To Deposit With Deriv?
Yes, it is safe to deposit with the broker as it implements robust security measures and is well regulated by top-tier financial regulators.
What Types Of Trading Accounts Does Deriv Offer?
There are two types of trading accounts available on the platform: Deriv Broker Live Account and demo trading account.
What Is Your Review Of Deriv?
Our detailed Deriv Broker review indicates that the broker is well-regulated and offers appreciable services. However, it lacks in offering some common features like phone support, MT4 platform and bonuses.
What Platforms Does Deriv Use?
The available platforms on Deriv include Deriv X, Deriv Go, Deriv MT5, SmartTrader, DBot and Binary Bot.
Does Deriv Work On Weekends?
Yes, the Deriv customer support even works on Weekends to provide the best client services.
Does Deriv Have An Islamic Account?
No, there is no separate Islamic account available on the platform.
What Is The Minimum Deposit For Deriv Broker?
The minimum deposit on the platform is $5, which is comparatively the lowest in the industry.
What Is Deriv Broker Minimum Withdrawal?
The minimum withdrawal on the platform is $5, which is a plus point of the platform.
Is Deriv An Ecn Broker?
No, Deriv is not an ECN broker, but an STP brokerage platform. You can trade CFDs, options and multipliers on the platform.
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