Deriv Broker Review 2024

Deriv offers complex derivative products, including Options and Multipliers on 5 asset classes (e.g., Forex, Stocks, and Cryptocurrencies) with floating spreads from 0.24 pips and no commissions. The FSA-regulated broker offers its affiliates a monthly income of up to $34,000.

Deriv Company Information

Deriv, formerly known as Binary.com, is a member of the Regent Markets Group, established in 1999. With its rebranding in 2020, the company has expanded its offerings to leveraged trading and CFD instruments.

The broker processes more than $46M in withdrawals per month and has a monthly volume of $650B. While it’s not licensed by any top-tier regulatory bodies, Deriv is regulated by multiple entities, including:

• Malta Financial Services Authority (MFSA);
• Labuan Financial Services Authority (FSA);
• Vanuatu Financial Services Commission (VFSC);
• British Virgin Islands Financial Services Commission (BVI).

The company was founded by CEO Jean-Yves Sireau to provide a better trading experience than traditional brokers, focusing on innovation and accessibility. Key features of Deriv.com:

• Regulated by multiple financial authorities worldwide;
• Over 2.5 million registered users across 16 countries;
• More than 1,300 employees representing over 70 nationalities;
• 187M+ monthly trades;
• 20 global locations, including Berlin, Paris, Cyprus, Hong Kong, Singapore, and Dubai.

It's important to note that the products offered by Deriv carry significant risks. 70.78% of retail investor accounts lose money when trading CFDs with this provider.

Specifics of Deriv Broker

More than ten payment methods, 24/7 support, and a wide range of trading instruments are some of the features that make the broker stand out. Key specifications of Deriv.com:

Account Types

Deriv offers two main account types for different trading preferences and experience levels: Deriv Trader and Deriv MT5. The first one is designed to provide Options trading on financial markets.

The MT5 account is exclusively for trading CFDs on Forex, Indices, Stocks, and Cryptocurrencies. Key features of Deriv MT5 account:

Deriv Pros & Cons

The broker provides secure segregation of client funds and uses SSL encryption to protect customer data, ensuring a safe trading environment. To help you make an informed decision, let's break down the main advantages and potential drawbacks of trading with Deriv.

Registration and KYC on Deriv

Getting started with the broker requires only an email address. You can also sign up with Google, Facebook, or Apple accounts. Steps to open a Deriv account:

1. Navigate to the official website;
2. Click on “Try free Demo”;
3. Provide your email address;
4. Click on the verification link in your inbox;
5. Fill out the residential form and set a strong password;
6. Select your preferred currency;
7. Provide personal details;
8. Enter your address information;
9. Accept the terms of use.

After successfully creating an account, you can make deposit and withdrawal transactions up to $10,000 before verifying your account. However, let’s play it safe. Upload the KYC documents in the “Verification” menu from “Account Settings” in your dashboard. Deriv KYC documents:

• Proof of Identity: Passport or driver’s license;
• Proof of Address: Utility bill or bank statement.

Available Trading Platforms on Deriv

Deriv offers two primary trading platforms, each designed to cater to different trading preferences and styles. While Deriv Trader is designed for options trading, the designated platform for CFD trading is the robust MetaTrader 5. Deriv MT5 download links:

• Windows
• macOS
• Android
• iOS
• Linux

Deriv also offers copy trading services on 150+ financial assets with zero commissions through cTrader. DerivTrader download link:

• Windows
• macOS
• Android
• iOS

the broker also offers integrity with the cutting-edge trading platform, TradingView, through its Deriv X platform. Use it to trade Forex, Stocks, and Indices. Deriv X download links:

• Android
• iOS

Trading Costs (Commission and Spread)

One of Deriv's standout features is its zero-commission trading accounts, which can potentially lead to significant cost savings for traders. The broker only charges spreads from 0.0 pips on CFD trading. Deriv broker’s spreads on various markets:

Available Payment Methods

It’s time to explore payment options in this Deriv review. The broker offers a variety of methods to cater to its global client base. Deposit/Withdrawal methods on Deriv.com:

Copy Trading and Growth Plans

The broker offers copy trading functionality through its Deriv cTrader platform, allowing less experienced traders to benefit from the expertise of successful traders. Key features of Deriv copy trading service:

• Automatically replicate trades of experienced Strategy Providers;
• Global financial markets, including Forex, ETFs, stocks, indices, and Derived Indices;
• 24/7 trading available on some instruments;
• 150+ tradable assets.

Does Deriv Offer Bonus and Promotion Plans?

While the broker doesn't offer traditional bonuses or promotions for traders, they do have an attractive affiliate program.

• Recommend and earn up to $34,000 per month;
• Commissions for qualified referrals who deposit on Deriv platforms;
• Available in over 190 countries;
• Over $47 million paid out to affiliates since inception;
• Marketing materials provided;
• 24/7 customer support for affiliates.

Customer Support

Another key aspect of the Deriv review is customer support. The broker prioritizes customers by providing several contact channels. However, a lack of phone support can be a letdown for potential clients.

Deriv Broker Geo-restrictions

The list of restricted countries is one of the most important topics in this Deriv review. Before creating an account and depositing funds, you should ask if the broker provides services in your region. Restricted countries on Deriv broker:

• USA;
• Canada;
• Israel;
• Malaysia;
• Belarus;
• Caribbean;
• Cayman Islands;
• Hong Kong;
• Jersey;
• Iran.

Trust Scores

The company has established itself as a reputable broker in the online trading industry. With a score of 4.4 on TrustPilot, it’s safe to say that the majority of clients are happy with the company. Deriv trust scores:

Conclusion and Final Words

Deriv provides CFDs, Futures, and Options trading with a low entry barrier of $5. It also offers some assets like crypto and customized Indices (Derived Indices) for 24/7 trading.

Deriv broker has a leverage options of up to 1:1000, and provides commission-free trading. Derive reviews on TrustPilot has gained the company a great score of 4.4.