Deriv Review 2024

Initial Deposit: $5

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Overview

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Rating

Overall

Offering of Investments

Commissions & Fees

Platform & Tools

Research

Mobile Trading

Education

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89%

Trust score

Tradeable Symbols (Total): Over 100 tradeable symbols, including forex pairs, equities, commodities, cryptocurrencies, and synthetic indices.

Year Founded: 1999

Publicly Traded (Listed): Deriv is not publicly traded

Bank: Deriv does not operate as a bank.

Deriv is a leading online trading platform offering a wide range of financial instruments, including forex, equities, commodities, cryptocurrencies, and synthetic indices. Since its inception in 1999, Deriv has been known for its innovative trading solutions and user-friendly interfaces. The platform provides various trading tools and educational resources to support both novice and experienced traders. Deriv ensures transparency with competitive spreads and no commission fees, while adhering to regulatory standards to guarantee security and reliability.

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Pros 👍🏻

Variety of Platforms: Deriv offers multiple trading platforms, including MetaTrader 5, Deriv X, and Deriv Trader, catering to different trading needs and preferences.

No Commission Fees: Deriv’s no-commission trading model allows traders to benefit from spreads without incurring additional costs.

Competitive Spreads: The platform provides competitive spreads, starting at 0.5 pips for major currency pairs, making trading more cost-effective.

Educational Resources: Deriv offers a range of educational tools, including Deriv Academy, blogs, videos, guides, and courses, to support traders at various skill levels.

Regulatory Compliance: Deriv adheres to regulatory standards in several countries, ensuring a high level of security and reliability.

Diverse Trading Instruments: Traders can access a wide range of financial instruments, including Forex, equities, commodities, cryptocurrencies, and synthetic indices.

User-Friendly Platforms: Platforms like Deriv X and Deriv Trader are designed to be intuitive and accessible, enhancing the trading experience.

Mobile Trading: Deriv GO provides a robust mobile trading experience, allowing traders to manage their trades on the go.

Automated Trading Tools: Tools like Deriv Bot and Binary Bot enable traders to automate their strategies and optimize trading activities.

Cons 👎🏻

Inactivity Fees: Deriv charges a $25 inactivity fee after 12 months of no trading activity, which may be a deterrent for occasional traders.

Currency Conversion Costs: Traders should be aware of potential currency conversion fees and exchange rate fluctuations, which can affect overall trading costs.

Limited Fee Transparency: Some fees, such as those for deposits and withdrawals, vary depending on the chosen method and may not always be transparent.

Complexity for Beginners: While educational resources are available, the range of platforms and trading tools may be overwhelming for beginners.

Regulatory Variability: While Deriv complies with regulations in multiple countries, the level of protection and oversight may vary depending on the trader’s location.

Description

Broker Overview

How to build a basic trading bot with Deriv Bot | Deriv Blog

Established in 1999 by Regent Markets Group, this broker was created with the vision of making online financial trading more accessible to the general public. In 2000, the company launched a fixed-odds trading platform, which revolutionized the way financial trading was conducted by simplifying the process for everyday traders. The broker’s focus on client-centered innovation has earned it numerous awards for its user-friendly platforms, competitive trading spreads, and exceptional brokerage services.

As a globally recognized and regulated broker, it maintains a strong reputation for reliability, boasting an outstanding uptime record that ensures traders can access the markets with confidence. The company’s commitment to providing an inclusive trading environment is evident in its extensive educational resources and multilingual customer support, which cater to traders of all experience levels.

The broker also places a high priority on safety and regulatory compliance, allowing clients to trade with peace of mind. Whether you’re a beginner looking to start your trading journey or an experienced trader seeking a reliable platform, this broker offers a secure and supportive environment for all.

How Long Has Deriv Been Operating?

Deriv, initially known as Binary.com, was founded in 1999 by Regent Markets Group. With over 20 years of experience, Deriv has established itself as a prominent player in the financial trading industry, offering a wealth of expertise and innovation to its clients.

What Distinguishes Deriv from Other Online Trading Platforms?

Deriv sets itself apart from other trading platforms through its commitment to client-focused innovation. The platform prioritizes user experience by continuously enhancing its systems to meet the evolving needs of traders. This dedication to innovation has made Deriv a preferred choice for both novice and experienced traders seeking a reliable and intuitive trading environment.

Deriv Account Types Overview

Automated trading: What you need to know

Deriv offers a variety of account types, each tailored to meet the diverse needs of traders. Below is a summary of the different account types available on the Deriv platform, along with their key features:

Account Type	Availability	Markets	Commissions	Platforms	Trade Size	Leverage	Minimum Deposit
Financial DMT5	Available to all	200+ markets including Forex, Stocks, Indices, Cryptocurrencies	None; only the spread is charged	MetaTrader 5	From 0.01 lots	Up to 1:1000	5 USD
Derived MT5	Available to all	40+ markets with a focus on Synthetics, Forex, Stocks, Indices, Cryptocurrencies, ETFs	None; only the spread is charged	MetaTrader 5	From 0.01 lots	Up to 1:1000	5 USD
MT5 Swap-Free	For Muslim traders	Synthetics, Forex, Stocks, Indices, Cryptocurrencies, ETFs, Synthetic Indices	None; only the spread is charged	MetaTrader 5	From 0.01 lots	Up to 1:1000	5 USD
cTrader	Available to all	200+ markets including Forex, Stocks, Indices, Cryptocurrencies	None; only the spread is charged	cTrader	From 0.01 lots	Up to 1:1000	5 USD
Deriv X	Available to all	100+ markets including Forex, Stocks, Indices, Cryptocurrencies	None; only the spread is charged	Deriv X	From 0.01 lots	Up to 1:1000	5 USD
Deriv Trader	Available to all	50+ markets including Forex, Stocks, Indices, Cryptocurrencies	None; only the spread is charged	Deriv Trader	Minimum of $0.35 per trade	Up to 1:1000	5 USD

Deriv offers a broad range of account types suitable for various trading strategies and preferences. Whether you’re a beginner or a seasoned trader, you can find an account type that matches your needs. Each account provides access to different platforms and markets, with low minimum deposits, competitive leverage, and no hidden commissions.

This setup ensures that every trader, regardless of experience level or trading preference, can find a suitable account to engage in the financial markets effectively.

Overview of Deriv Account Types

Deriv Review | Forex Trading Broker Ratings 2024

Deriv offers a variety of account types designed to meet the needs of different traders. Each account type comes with specific features and benefits, allowing traders to choose the one that best suits their trading style and objectives. Below is a summary of the available account types on the Deriv platform:

Account Type	Description	Leverage	Assets	Platforms	Minimum Deposit	Trade Size
Financial DMT5 Account	This account is ideal for trading CFDs on a wide range of financial assets, including Forex, equities, stock indexes, commodities, and cryptocurrencies.	Up to 1:1000	170+ assets	MetaTrader 5 (MT5)	$5	From 0.01 lots
MT5 Account	Designed for trading synthetic indices, which mimic real-world market conditions and are available 24/7.	Up to 1:1000	40+ synthetic indices	MetaTrader 5 (MT5)	$5	From 0.01 lots
MT5 Swap-Free Account	Suitable for traders who wish to avoid swap fees on overnight positions, catering especially to those following Islamic financial principles.	Up to 1:1000	Forex, equities, indices, cryptocurrencies, synthetic indices	MetaTrader 5 (MT5)	$5	From 0.01 lots
cTrader Account	A user-friendly alternative to MT5, offering transparency, quick execution, and reduced spreads. Ideal for both novice and experienced traders.	Up to 1:1000	200+ assets	cTrader	$5	From 0.01 lots
Deriv X Account	A customizable platform offering CFD trading with access to Forex, commodities, cryptocurrencies, and indices, featuring advanced analytical tools.	Up to 1:1000	100+ assets	Deriv X	$5	From 0.01 lots
Trader Account	Designed for binary options trading with simple high/low, touch/no touch, and in/out transaction types. Suitable for short-term market movements.	Fixed-risk	Multiple markets	Deriv Trader	$5	Fixed per trade
Demo Account	A risk-free account that allows traders to practice their strategies using virtual funds on MT5, cTrader, or Deriv X platforms, ideal for beginners and testing.	Not applicable	All assets available on respective platforms	MT5, cTrader, Deriv X	Free	Virtual funds only

Key Features and Benefits

Financial DMT5 Account: Perfect for traders who want to engage in CFD trading across various financial assets, with high leverage and access to a wide range of assets.
MT5 Account: Focuses on synthetic indices, which are available around the clock and offer a unique trading experience.
MT5 Swap-Free Account: Ideal for those who require a swap-free environment, especially traders who follow Islamic finance principles.
cTrader Account: Known for its user-friendly interface, faster execution, and transparency, making it a solid choice for all traders.
Deriv X Account: A versatile and customizable platform with strong analytical tools, suitable for traders seeking a more personalized trading experience.
Trader Account: Offers a straightforward approach to binary options trading, with fixed risks and access to various short-term markets.
Demo Account: Provides a safe environment for practicing and refining trading strategies without risking real money.

Conclusion

Deriv’s variety of account types ensures that traders of all levels can find an account that meets their specific needs. Whether you’re looking for a standard trading experience, a swap-free account, or a specialized platform for synthetic indices, Deriv offers a solution. Each account type is designed with specific features that cater to different trading strategies and objectives, making Deriv a flexible and accommodating broker for traders worldwide.

Deriv Deposit & Withdrawal Options

Deriv Minimum Deposit Revealed ☑️ (Updated 2024)

Deriv offers a variety of deposit and withdrawal options to cater to the diverse needs of its global clientele. Here’s an overview of the available payment methods, including the currencies accepted, processing times, and a general guide on how to deposit and withdraw funds.

Payment Method	Country	Currencies Accepted	Processing Time
VISA	All	USD, EUR, AUD, GBP	Instant – 1 day
MasterCard	All	USD, EUR, GBP	Instant
Maestro	All	USD, EUR, GBP	Instant
Diners Club	All	USD	Instant
Discover	All	USD	Instant
Bank Transfer	All	USD	Instant – 5 days
PIX	All	USD, EUR, AUD, GBP	Instant – 2 days
Help2Pay	All	USD	Instant – 2 days
ZingPay	All	USD, EUR, AUD, GBP	Instant – 5 days
VN Pay	All	USD	Instant – 2 days
OZOW	All	USD	Instant – 5 days
ACH	All	USD	Instant – 5 days
UPI	All	USD	Instant – 5 days
PayRetailers	All	USD	Instant – 5 days
MPESA	All	USD	Instant – 1 day
MTN	All	USD	Instant – 1 day
Vodafone	All	USD	Instant – 1 day
Tigo	All	USD	Instant – 1 day
Airtel	All	USD	Instant – 1 day
Orange	All	USD	Instant – 1 day
Zamtel	All	USD	Instant – 1 day
Equitel	All	USD	Instant – 1 day
ADVcash	All	USD	Instant – 1 day
AiRtm	All	USD	Instant – 1 day
AstroPay	All	USD	Instant – 1 day
Jeton	All	USD, EUR, AUD, GBP	Instant – 1 day
MiFINITY	All	USD	Instant – 1 day
Neteller	All	USD, EUR, AUD, GBP	Instant – 1 day
Paylivre	All	USD	Instant – 1 day
Perfect Money	All	USD, EUR	Instant – 1 day
Skrill	All	USD, EUR, AUD, GBP	Instant – 1 day
Skrill 1-Tap	All	USD	Instant – 1 day
Sticpay	All	USD, EUR, AUD, GBP	Instant – 1 day
OnlineNaira	All	USD	Instant – 5 days
Cryptocurrencies	All	BTC, ETH, LTC, USDC, eUSDT, tUSDT	Once confirmed
On-ramp/Off-ramp	All	USD, EUR, AUD, GBP	Instant – 1 day
Vouchers	All	USD, EUR, AUD, GBP	Instant – 1 day
Deriv P2P	–	USD	1 hour

Deposit Methods

Bank Wire

Steps:

1. Log into your account and navigate to the “Cashier” section.
2. Select “Bank Wire” as your deposit method.
3. Follow the instructions to complete the transfer, including reference codes if provided.
4. Funds may take a few business days to appear in your account.

Credit or Debit Card

Steps:

1. Go to the “Cashier” area of your account.
2. Choose “Visa” or “Mastercard” as your deposit method.
3. Enter your card details and follow the steps to confirm the transaction.
4. Deposits are typically processed instantly.

Cryptocurrency Wallets

Steps:

1. Go to “Cashier” and select your desired cryptocurrency.
2. A unique deposit address will be provided.
3. Transfer funds from your crypto wallet to the given address.
4. Transaction times vary depending on the cryptocurrency and network activity.

e-Wallets or Payment Gateways

Steps:

1. Navigate to the “Cashier” area of your Deriv account.
2. Select your preferred e-wallet from the available options.
3. Enter the deposit amount and authorize the transaction.
4. Funds are typically credited instantly.

Withdrawal Methods

Bank Wire

Steps:

1. In the “Cashier” section, select “Bank Wire” as your withdrawal method.
2. Enter the amount and your bank account details.
3. Submit the withdrawal request; processing may take several days.

Credit or Debit Cards

Steps:

1. Choose “Visa” or “Mastercard” in the “Cashier” section for withdrawal.
2. Enter the withdrawal amount.
3. Funds should appear in your card account within a few business days.

Cryptocurrency Wallets

Steps:

1. Select your preferred cryptocurrency wallet as the withdrawal method.
2. Provide the wallet’s receiving address and confirm the amount.
3. The cryptocurrency should appear in your wallet after processing.

e-Wallets or Payment Gateways

Steps:

1. Choose your e-wallet in the “Cashier” section.
2. Enter the withdrawal amount and confirm.
3. Funds are typically sent to your e-wallet immediately after processing.

Trading Instruments & Products

Deriv MT5 | Nền tảng giao dịch MetaTrader 5 | Deriv

Deriv offers a diverse range of trading instruments and products tailored to meet the needs of various traders. Below is an overview of the available options:

Instrument	Description
Forex	Deriv enables traders to speculate on currency pair fluctuations, offering a variety of currency pairs to capitalize on global market trends.
Derived Indices	Unique to Deriv, these indices simulate real-world market fluctuations using secure random number generation, providing an alternative to traditional assets.
Stocks	Traders can speculate on the price movements of stocks from various industries and regions, allowing for diversified investment strategies.
Indices	Access to major global stock indices allows traders to bet on the overall direction of the market without focusing on individual stocks.
Commodities	Deriv provides opportunities to trade a wide array of commodities, including precious metals like gold and silver, as well as energy resources such as oil.
Cryptocurrencies	The platform offers trading on leading cryptocurrencies, enabling traders to capitalize on the highly volatile crypto market.
ETFs	Traders can access various Exchange-Traded Funds (ETFs) with competitive trading conditions, providing additional diversification opportunities.

Deriv Trading Platforms

Deriv cTrader | CFD Copy Trading Platform | Deriv

Spreads and Fees

Platform	Description
MetaTrader 5	MetaTrader 5 (MT5) is a comprehensive trading platform provided by Deriv. It features a wide range of trading functionalities, including advanced charting tools, technical analysis, automated trading systems, and copy trading. Suitable for both beginners and experienced traders, MT5 supports trading in Forex, equities, and commodities with a user-friendly interface and diverse order types.
Deriv X	Deriv X is a highly customizable CFD trading platform designed for flexibility and precision. It offers an intuitive environment for trading forex, commodities, and cryptocurrencies. With robust risk management features, real-time charting, and extensive analytical tools, Deriv X helps traders make informed decisions and improve their trading performance.
Deriv Trader	Deriv Trader is a streamlined platform for trading digital options and multipliers. It simplifies the trading process with easy-to-use market research, educational materials, and efficient trading tools. This platform is ideal for traders of all levels, offering rapid trade execution and a user-friendly experience.
SmartTrader	SmartTrader by Deriv is a web-based platform focused on digital options trading. It features a clean interface that helps traders quickly grasp market trends and make timely decisions. With various contract types and extensive research tools, SmartTrader balances convenience with comprehensive trading capabilities.
cTrader	Deriv cTrader is renowned for its advanced trading capabilities and high-quality charting tools. It provides features like quick order entry, level II pricing, and complex order types, catering to traders who need robust solutions for precise market execution and analysis.
Deriv GO	Deriv GO is a mobile trading application that allows users to trade multipliers on the go. It combines ease of use with powerful trading features, enabling traders to access markets, view real-time prices, and execute trades quickly from their mobile devices. Ideal for those who need the flexibility of mobile trading without compromising on decision-making.
Deriv Bot	Deriv Bot is a web-based automation tool for traders looking to implement their strategies with ease. Its drag-and-drop interface allows for the creation of custom trading bots that can operate 24/7, automating trading strategies and optimizing market opportunities efficiently.
Binary Bot	Binary Bot is a tool for automating binary options trading. It features a user-friendly interface for programming bots to follow specific trading strategies. This tool manages transactions based on market conditions and predefined criteria, making it a flexible option for traders looking for an uncomplicated trading experience.

Spreads and Fees

Fee Type	Details
Spreads	Deriv offers competitive spreads starting at 0.5 pips for major currency pairs like EUR/USD. This ensures transparency and affordability for traders.
Commissions	Deriv follows a no-commission trading model. Traders only pay the spread, with no additional commission fees.
Overnight Fees	Known as swap fees, these are incurred for holding positions overnight in forex and CFD trading. Fees vary based on the underlying asset’s interest rates, and traders should verify these rates on their platform.
Deposit and Withdrawal Fees	Fees for deposits and withdrawals depend on the chosen method. Traders should review specific costs associated with their payment methods.
Inactivity Fees	Deriv imposes a $25 inactivity fee after 12 months of no trading activity. This fee encourages traders to stay active or withdraw their funds if they no longer wish to trade.
Currency Conversion Fees	Traders should be aware of potential currency conversion costs, exchange rate fees, and market pricing fluctuations. These charges are determined by third-party sources.
Commissions for Trading	No, Deriv does not charge commissions for trading. Traders benefit from a no-commission model where the only cost is the spread.
Competitive Spreads	Yes, Deriv strives to offer competitive spreads to keep trading costs clear and affordable for traders.

Educational Resources

Resource	Description
Deriv Academy	Deriv Academy offers specialized trading classes that cover fundamental Forex concepts, terminology, and techniques using Deriv MT5. It provides in-depth guidance on the Deriv MT5 platform, including tools and order types, to improve traders’ comprehension.
Deriv Blog	The Deriv Blog delivers insights into market trends, trading strategies, and expert analysis of various assets including forex, equities, cryptocurrencies, commodities, CFDs, options, and multipliers. It keeps traders informed with the latest market news and developments.
Deriv Videos	Deriv Videos provide visual learning opportunities on trading principles and strategies. These videos complement the content from the Deriv Blog and Academy by offering market commentary and platform tutorials, enhancing the overall educational experience.
Deriv Guides	Deriv Guides offer comprehensive, step-by-step instructions for utilizing technical analysis tools on Deriv’s trading bot. These guides simplify complex trading methods and showcase how to automate and optimize trading activities on the platform.
Deriv Courses	Deriv Courses, part of the Academy, cater to all levels from beginners to advanced traders. They offer a robust foundation in forex trading and delve into sophisticated trading techniques, equipping traders with the knowledge needed for success.

Security Measures

The broker, a prominent online trading service provider since 1999, is renowned for its commitment to customer trust and security. As a pioneer of the world’s first fixed-odds trading service, the company has continuously evolved its offerings to adapt to the needs of global traders.

Their reputation for reliability stems from strict adherence to various regulatory standards, which ensures financial integrity and enhances customer protection.

Conclusion

The platform merges robust trading features with a user-friendly interface, making financial markets easily accessible to a broad range of clients.

The broker complies with regulatory standards across multiple countries, providing security and confidence for its users. It offers a diverse array of trading instruments, including Forex, equities, commodities, cryptocurrencies, and synthetic indices, all with competitive spreads and no additional fees.

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