Deriv

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AspectDetails
broker popularity top broker high popularity best reviews benchmark
LeverageUp to 1:1000
Minimum Deposit$5
Year Established1999
RegulationMalta Financial Services Authority (MFSA), Labuan Financial Services Authority (LFSA), Vanuatu Financial Services Commission (VFSC), British Virgin Islands Financial Services Commission (BFSC)
Payment methodsNeteller, Visa, Skrill, WebMoney, FasaPay, Perfect Money, Diners Club, 1ForYou, Banxa, Paytrust, Wire Transfer, Mastercard
Publicly Traded
Employees1000+
Type of BrokerOnline Broker
MT4
MT5
Trading AssetsCFDs, Multipliers, Forex, Stocks, Indices, Commodities, Synthetic Indices, Binary Options
Demo Account
Islamic Account
CopyTrading
Signals
Deposit Fee
Withdrawal Fee
Rating★★★★ 4.4
Offers Official Website

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Pros and Cons

Pros
  • Low Minimum Deposit: Deriv’s minimal deposit requirement of $1 enables traders with varying budgets to access its services.
  • Wide Range of Payment Agents: The broker provides a diverse array of payment agents for deposit and withdrawal, ensuring flexibility for its clients.
  • Variety of Trading Instruments: It offers an extensive range of trading instruments, including currency pairs, stocks, indices, cryptocurrencies, CFDs, commodities, and synthetic indices.
  • Multi-Regulation: Deriv’s multi-regulation by reputable authorities enhances client trust and ensures a higher level of protection for traders.
  • 24/7 Customer Support: The broker’s round-the-clock customer support adds to its appeal, providing assistance whenever traders need it.
  • Choice of Trading Platforms: The broker offers three convenient trading platforms, providing flexibility for traders to choose the one that suits their preferences.
  • No Commission for Account Maintenance: The broker stands out by not charging commissions for maintaining trading accounts and using its platforms.
Cons
  • Limited Tutorials for Novice Traders: While Deriv caters to beginners, the tutorial content on the site may be insufficient for those new to trading.
  • Limited Contact Options for Support: The broker has a few ways to contact support, potentially limiting accessibility for clients seeking assistance.
  • Restricted Service in Some Countries: The company does not serve clients from certain countries, such as the USA, Canada, Malaysia, Israel, and others.
  • Lack of Support for MetaTrader 4: The broker does not currently support the widely used MetaTrader 4 platform, potentially limiting options for traders.
  • Limited Educational Content: The absence of comprehensive educational content on the website may be a drawback for traders seeking in-depth learning resources.

Introduction

When it comes to online trading, finding a reliable and user-friendly platform is crucial for both beginners and seasoned professionals.

Deriv, a brokerage company established in 1999, has been on a mission to make trading accessible to everyone.

In this review, we’ll explore its key features, advantages, and disadvantages, providing valuable insights for traders considering this platform.

Deriv offers a range of trading options, catering to both independent traders and those who utilize auxiliary programs for more efficient trading.

The company boasts low minimum deposit requirements while maintaining high-quality working conditions for its users.

Trading Platforms

The broker provides traders with three proprietary trading platforms: DTrader, Deriv bot, and MT5.

Each platform offers a unique set of features, allowing users to choose the one that best suits their trading preferences.

Whether you’re into Forex, stocks, indices, CFDs, commodities, or options, it has you covered.

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Regulation and Security

Deriv is an internationally regulated broker, holding licenses from reputable bodies such as the Vanuatu Financial Services Commission (VFSC), Malta and Labuan Financial Services Authority (MFSA, Labuan FSA), and BVI FSC.

The company is also a member of the Financial Commission, ensuring the protection of traders’ rights.

User Satisfaction and Ratings

Deriv receives an overall satisfaction rating of 8.77/10 from users.

Ratings for regulation and safety, commissions and fees, trading instruments, brand popularity, and customer support reflect positively, while education scores slightly lower at 7.82/10.

Trading with Deriv: Who Should and Shouldn’t

Trade with this broker if

  • Profit Maximization through Derivatives: It offers unique multipliers, enabling traders to maximize profits without risking more than their initial stake.
  • Seeking a Reputable Company: Founded in 1999, it is well-established and regulated by MFSA, VFSC, and Labuan FSA.

Don’t if

  • Preference for Specific Trading Platforms: Deriv does not support MetaTrader 4, RTrader, NinjaTrader, or other popular solutions.
  • Requirement for Advanced Tools and Analytics: The broker lacks features like an economic calendar and a trader’s calculator.
Visit www.deriv.com

Useful Services

Deriv provides several useful services to enhance the trading experience:

  1. Calculators: Traders can use tools for margin, swaps, pips, and PnL calculations.
  2. Deriv Bot: An excellent tool for creating and implementing trading strategies for digital options.
  3. Help Center: A comprehensive section with answers to frequently asked questions, covering various aspects of trading.

Account Types and Platforms

The company offers various account types across its platforms, including MT5, Dbot, Deriv X, DTrader, and SmartTrader.

Traders can choose accounts based on their preferred trading instruments and strategies.

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Investment Education Online

His website features a free “Academy” section with valuable resources for traders, covering market news, training programs, weekly reviews, podcasts, videos, and more.

Security and Investor Protection

Deriv prioritizes the security of client funds by holding them in segregated accounts.

The broker is licensed and regulated by multiple bodies, offering protection through the Financial Commission.

Withdrawal Options and Fees

Traders can fund their accounts and withdraw funds through various methods, including online banking, bank cards, cryptocurrencies, and e-wallets.

Deriv does not charge commissions for financial transactions, but fees may apply through payment agents.

Customer Support

While it offers 24/7 customer support, some users may find the contact options limited.

Support is available through online chat, email, and by visiting its physical offices.

Conclusion

In conclusion, Deriv stands as a versatile and accessible brokerage platform, serving the needs of both novice and experienced traders since 1999.

With a commitment to making trading inclusive, it offers low minimum deposits, a diverse range of trading instruments, and regulatory compliance across various international bodies.

The advantages of trading with Deriv are evident in its user-friendly platforms, extensive payment options, and round-the-clock customer support.

Traders can choose from three proprietary trading platforms, each tailored to different preferences and styles.

While it excels in many areas, it’s essential to note the limitations.

Novice traders might find the educational resources somewhat lacking, and the contact options for customer support are relatively limited.

Additionally, the broker restricts services in certain countries.

User satisfaction remains high, reflecting the overall positive experience of traders on the platform.

Deriv’s innovative features, such as multipliers for profit maximization, set it apart in the competitive world of online trading.

In essence, it is a reliable choice for those looking to enter the world of derivatives trading, seeking a reputable company with a solid track record.

However, traders with a preference for specific platforms or advanced analytical tools may need to consider their options.

Whether you’re a beginner exploring the basics or a seasoned trader seeking efficient tools, Deriv provides a gateway to a comprehensive trading experience.

As the platform continues to evolve, traders can expect ongoing improvements and innovations to enhance their journey in the dynamic world of online trading.

Visit www.deriv.com

FAQ – Frequently Asked Questions

How long has the company been operating?
Deriv commenced its operations in 1999, boasting over two decades of experience in the trading industry.
What regulatory bodies oversee its operations?
Deriv is regulated by the Malta Financial Services Authority (MFSA), Labuan Financial Services Authority (LFSA), Vanuatu Financial Services Commission (VFSC), and BVI Financial Services Commission (BVI FSC).
What is the minimum deposit required to start trading?
The broker offers a low minimum deposit requirement of $10, making it accessible for traders with varying budgets.
Can I trade cryptocurrencies?
Yes, Deriv provides the opportunity to trade a variety of instruments, including cryptocurrencies, currency pairs, stocks, indices, commodities, synthetic indices, and digital options.
What are the advantages of trading with Deriv?
It offers a low minimum deposit, diverse payment options, a wide range of trading instruments, regulation by multiple authorities, round-the-clock customer support, and a choice of three convenient trading platforms.
Are there any disadvantages associated with trading on this plataform?
While Deriv has few drawbacks, including limited contact options for customer support and restrictions on serving clients from certain countries, the overall cons are relatively minor.
What account types are available?
It provides various account types, including MT5 (Synthetic, Financial, and Financial STP), Dbot, Deriv X (Synthetic and Financial), DTrader, and SmartTrader.
How does the company ensure the security of client funds?
The company takes measures to safeguard client funds by holding them in segregated accounts. Additionally, being a member of the Financial Commission adds an extra layer of protection.
How can I contact his customer support?
Deriv offers customer support 24/7 through online chat, email for cooperation and affiliate program matters, and by visiting one of their real offices.

References and Sources

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Article written, edited and reviewed by

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Last updated: April 11, 2024