Deriv is a regulated Forex and CFD broker offering diverse trading platforms, a wide range of assets, and excellent premium educational resources. The broker holds different licenses from different jurisdictions, making it one of the most reliable financial institutions within the Forex world. Visit the regulatory page for more information.
Deriv Background
Deriv was launched in 1999 and has acquired several licenses so far. This indicates that the broker worked hard to be compliant with more than one regulatory body. The broker mainly offers CFDs and also has option trading and a dedicated platform for automated trading. The broker is more focused on Forex trading and offers multi-assets including Forex, commodities, indices, cryptos, stocks, and ETFs. Deriv also offers access to a diverse range of trading platforms, including MT5 and cTrader. The support is up 24/7 and the website is available in over 20 different languages, making Deriv a truly international brand.
Regulations and Safety Policies
When it comes to regulations, Deriv is overseen by several authorities.
It is a member of the investment compensation fund and offers negative balance protection for some clients. Negative balance protection can prevent traders from losing more than their initial investment. The broker keeps user funds in segregated bank accounts, which is also a good layer of protection, preventing Deriv and its employees from touching clients’ money. With these many regulations and safety policies in place, client money is in safe hands with this broker.
Deriv Trading Assets — What can you trade?
Deriv provides traders with a wide selection of trading assets including Forex pairs, derived indices, stocks, indices, commodities, options, ETFs, and cryptos. Deriv also offers a trading robot, Deriv Bot, that allows traders to operate algorithmic trading solutions without programming knowledge. The vast majority of these assets are offered in the form of CFDs, allowing traders to open and close trading positions quickly, which is especially beneficial for crypto traders.
There are 70+ currency pairs including majors, minors, exotics, and micro pairs. 47 derived indices, some of which were developed by Deriv, are offered to mimic real-world indices price movements. 58 stocks are offered from major exchanges around the world including US and EU. 31 ETFs offer traders the ability to speculate on popular exchange-traded funds. There are also 30+ cryptos accessible on Deriv platforms. 13 popular commodities are also offered, including precious metals (gold, silver) and energies (Brent oil, oil). As we can see, the list of trading instruments is not short at Deriv and multi-asset traders could be especially interested as the broker supports these assets with a wide range of trading platforms and excellent multilingual support options.
Spreads and Commissions at Deriv Revealed
Deriv provides access to diverse markets so, let’s consider both trading fees and non-trading fees charged by the Deriv broker in more detail.
Spreads and Commissions
The broker offers a list of all instruments and their respective spreads. With Forex majors, the spreads seem very competitive:
0.5 pips spread on EURUSD is among the lowest in the industry right now. Forex trading is also commission-free, and the fact that other majors also come with low spreads makes Deriv a very attractive broker for Forex trading.
The spreads on other assets are also super competitive with BTCUSD at $51.16 and Gold at $0.22 at the time of writing which is also on par with the popular brokers.
Non-trading fees
After being inactive for 12 months, traders are charged dormant fees of up to 25 USD or equivalent every 6 months. This fee is low when compared to other brokers, and traders can get back to trading at any time.
Deriv Bonuses and Discounts
The broker does not offer any discounts or bonuses at the moment and is more focused on providing low spreads and a competitive trading environment, which can be considered a discount in itself.
Deriv Account Types Reviewed
Traders can register for different account types offering varying spreads, including Zero Spread and Swap-Free trading accounts.The one live account allows traders to deposit 5 to 10 USD depending on the payment option selected. For both bank cards and e-wallets, the minimum deposit starts from 5 USD. Spreads are from 0.5 pips on major pairs, which is super competitive. Not only are traders able to trade at low cost, but they can also start trading with very little budget, which makes Deriv a very beginner-friendly broker.
Deriv demo account
The demo account can be created pretty easily in a few seconds. It offers 10,000 USD virtual cash and the ability to check the trading service quality of Deriv. It is also a good way to test the broker’s spreads and execution speed quality. With a Deriv demo account, traders can develop and test trading strategies for free in a live trading environment.
Payment Options for Deriv Deposits and Withdrawals
The payment options accepted by Deriv are diverse. Credit and debit cards include Visa and MasterCard. There are also online banking methods accepted, mobile payments, e-wallets (Neteller, Skrill, Sticpay, etc.), cryptos (BTC, LTC, ETH), Deriv P2P, and vouchers. Deposits are mostly instant and withdrawals take from 1 to 5 business days, with most options taking less than 24 hours. The minimum deposit amount depends also on the payment method. For e-wallets the minimum deposits start from 5 USD, and for bank cards from 10 USD. Deriv P2P does not require a minimum deposit. With fast withdrawal processing, Deriv offers value to traders who want to quickly get their trading profits.
Deriv Trading Platforms Reviewed
Deriv offers a wide range of trading platforms, both native apps and popular software. MT5 and cTrader are offered for both desktop and mobile. The broker also offers several of its own apps, including web-based trading and mobile apps. There are also trading robots that allow traders to trade automatically without coding experience. The broker offers platforms for both desktop and mobile and also has a trader’s dashboard where traders can trade or install web traders.
Deriv MT5 is available both for desktop and mobile and offers unparalleled capabilities including technical indicators, automated trading, and advanced charting and technical analysis tools. The broker also offers Deriv X multi-asset, a heavily customizable trading platform that supports all the assets the broker offers. With Deriv X the broker aims to provide traders with one space for all its assets. Deriv cTrader is another advanced platform aside from MT5 offered by Deriv. The platform is similar to its capabilities with MT5 and offers cBots and technical indicators to analyze prices comprehensively. Other platforms include Smart Trader (options trader), Deriv Go (mobile trading app), and Deriv Trader (another platform for multi-asset trading). There is also a trading robot Deriv Bot. With this bot, the broker offers traders automated trading solutions without the need to code themselves.
Education Materials at Deriv
When it comes to learning something about trading at Deriv, the broker offers several sources of information. These sources include a blog and a help center. The blog is full of articles and posts that include trading guides and tutorials for Deriv trading platforms, which can be very useful for beginners. The help center is not educational, as it is more like a hybrid between education and support. It offers information on all trading services offered by the broker and sometimes also the information to learn something new, especially about trading platforms.
Deriv Customer Support Options
Deriv offers several popular support channels including live chat, and WhatsApp. The support and website of the broker are multilingual, which is advantageous for international traders. Traders can access support 24/7, making it very attractive for international traders of any time zone. Traders can quickly access the live chat from any page of Deriv’s website and contact the broker representatives.
Is your money safe with Deriv? — Final thoughts
The broker has several licenses and follows strict safety policies, including negative balance protection and segregated accounts. There are also multiple assets offered for trading including Forex, indices, commodities, stocks, options, ETFs, cryptos, and more. Trading platforms offered are also diverse and include both advanced platforms like MT5 and cTrader and Deriv’s proprietary apps and web traders for multi-asset trading. The broker seems very dedicated to acquiring licenses and offering high quality services and safety features. With spreads from 0.5 pips and a minimum deposit of 5 USD, Deriv is one of the most attractive brokers in the industry. Another useful feature is the ability to withdraw funds within 24 hours, which is also very beneficial for traders. With 24/7 multichannel multilingual support, traders from any time zone can get needed help at any time, which adds to the broker’s legitimacy.
Frequently Asked Questions
Is Deriv a legit broker?
Deriv is a legit broker that is regulated, offering a high level of safety, withdrawals under 24 hours, and low spreads from 0.5 pips on EURUSD.
What is the minimum deposit for Deriv?
The minimum deposit is 5 USD for e-wallets (Skrill, Neteller, etc.) and 10 USD for bank cards (Visa, MasterCard, etc.).
How much do I need to start trading on Deriv?
The broker has very low deposit requirements of 5 USD and traders can already access markets if they invest that much.
Does Deriv provide partner opportunities?
Yes, Deriv offers different partner opportunities where partners earn commissions by referring new clients. The commission structure provides attractive rates for various instruments and account types.