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Deriv Broker Review 2024

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Deriv Broker Review 2024
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Your Capital is at risk.

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:Deriv
Founded:Malaysia
Min Deposit:5
Max Leverage:1000
Headquarter:Cyberjaya
US Accepted:
About
Deriv is an international broker founded in 1999. The firm offers three different platforms, including MT5 and cTrader. You can trade CFDs and Options in Forex, Crypto, Stock, Indices, Commodities, and other asset classes on Deriv broker with zero commission and tight spreads.
Contact
Deriv HQ, 3500, Jalan Teknokrat 3, 63000 Cyberjaya, Selangor
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
Regulated by multiple financial authorities
Wide range of tradable assets
Leverage up to 1:1000
24/7 multilingual customer support
Cons
Limited support options
No PAMM or MAM accounts
Complex user interface

Deriv is one of the world's largest online brokers, offering complex derivative products, including CFDs, options, and multipliers on Forex, Stocks, Indices, Commodities, and Cryptocurrencies.

What are the trading conditions on Deriv broker? Weā€™ll explore account types, registration, KYC verification, fee structure (commission and spread), trading platforms, and many more in this Deriv review.

Deriv Company Information

Deriv
A broker with over 2.5M users and 187M+ monthly executed trades

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 itā€™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:

Broker

Deriv

Account Types

Standard, Financial, Swap-Free

Regulating Authorities

MFSA, FSA, VFSC, BVI

Based Currencies

USD, EUR, GBP, USDT, BTC, ETH, LTC, USDC

Minimum Deposit

$5

Deposit Methods

Credit/Debit Cards, Online Banking, Mobile Payments, E-Wallets, Crypto, Voucher, Deriv P2P

Withdrawal Methods

Credit/Debit Cards, Online Banking, Mobile Payments, E-Wallets, Crypto, Voucher, Deriv P2P

Minimum Order

0.01 lot

Maximum Leverage

1:1000

Investment Options

Copy Trading

Trading Platforms & Apps

MT5, cTrader, Deriv X

Markets

Forex, Stocks, Indices, Commodities, Cryptocurrencies, ETFs

Spread

Floating from 0.24 pips

Commission

$0.0

Orders Execution

Market

Margin Call / Stop Out

100% / 50%

Trading Features

Blog, Copy Trading, MT5 Signals

Affiliate Program

Yes

Bonus & Promotions

Referral

Islamic Account

Yes

PAMM Account

No

Customer Support Ways

Email, Live Chat, WhatsApp

Customer Support Hours

24/7

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.

Deriv MT5 Account
Based on your region, the Deriv accountā€™s features may slightly differ.

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

Features

Standard

Financial

Swap-Free

Min Deposit

$5.0

$5.0

$5.0

Leverage

1:1000

1:1000

1:1000

Assets

210+

170+

40+

Margin Call

100%

100%

100%

Stop Out

50%

50%

50%

Base Currency

USD, EUR, GBP, USDT, BTC, ETH, LTC, USDC

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.

Pros

Cons

Wide range of tradable assets

Limited support options

Leverage up to 1:1000

Complex user interface

Regulated by multiple financial authorities

No PAMM or MAM accounts

24/7 multilingual customer support

-

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 ā€œTry free Demoā€;
  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, letā€™s play it safe. Upload the KYC documents in the ā€œVerificationā€ menu from ā€œAccount Settingsā€ in your dashboard. Deriv KYC documents:

  • Proof of Identity: Passport or driverā€™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:

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

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:

Deriv X Trading Platform
Deriv X platform offers 110+ technical indicators and 50+ drawing tools

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 brokerā€™s spreads on various markets:

Asset Class

Spreads from (pips)

Max Leverage

Forex

0.3

1:1000

Derived Indices

0.24

1:4000

Stocks

0.6

1:50

Stock Indices

0.6

1:100

ETFs

1.0

1:5

Commodities

0.6

1:500

Cryptocurrencies

0.8

1:100

Available Payment Methods

Itā€™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:

Methods

Gateway

Min/Max Deposit

Min/Max Withdrawal

Currencies

Credit/Debit Cards

VISA, MasterCard, Maestro, Diners Club, Discover

10 / 5,000

10 / 10,000

USD, EUR, AUD

Online Banking

Bank Wire, Pix, Help2Pay, ZingPay, Ozow, UPI

5 / 5,000

10 / 10,000

USD, EUR, AUD

Mobile Payments

MTN, Airtel, Equitel, Vodafone, M-Pesa

5 / 1,000

5 / 1,000

USD

E-Wallets

Volet, AirTM, Jeton, Neteller, Perfect Money, Skrill

5 / 10,000

5 / 10,000

USD, EUR, AUD

Crypto

Bitcoin, Ethereum, Litecoin, Tether, USD Coin

Unlimited

Unlimited

BTC, USDT, ETH, LTC, USDC

Voucher

OXXO, SPEI, 1Voucher, VeitQR, Jeton Cash

5 / 5,000

5 / 1,000

USD, EUR, AUD

Deriv P2P

Deriv P2P

Up to 10,000

Up to 10,000

USD

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?

Deriv Affiliate Service
The Deriv.com affiliate program has more than 60K members

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.

Email

complaints@deriv.com

Live Chat

Message

WhatsApp

Continue to Chat

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.
Deriv Geo-Restrictions
Since geo-restrictions can be subject to change, check the latest updates on the brokerā€™s official website

Trust Scores

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

TrustPilot

4.4 out of 5 based on 52,758 reviews

Reviews.io

3.4 out of 5 based on 7 reviews

Conclusion and Final Words

Deriv provides CFDs, leveraged, and Options trading for traders 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 option up to 1:1000, three account types, no-commission trading, and many more features that makes it attractive for traders. share your thoughts about the Deriv review in the comments.

FAQs

Is Deriv a regulated broker?

The company is regulated by several authorities, including MFSA, FSA, VFSC, and BVI.

What trading platforms are available?

The broker offers cTradr, MT5, and Deriv X.

Can I use a demo account?

You can use a demo account for risk-free practice.

What is the minimum deposit on Deriv?

The minimum deposit is generally $5, which may vary depending on the payment method.

Does Deriv offer copy trading?

Copy Trading is available through the cTrader platform.

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