Deriv Review

Deriv Review

Min deposit: $10
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Overview

Company Name
Deriv (FX) Ltd
Rating
Headquarters
Malaysia
Regulation
  • Deriv Investments (Europe) Limited – authorized by MFSA (Malta) license no IS/70156
  • Deriv (FX) Ltd – authorized by Labuan FSA (Malaysia) license no MB/18/0024
  • Deriv (BVI) Ltd – authorized by BVI FSC (British Virgin Islands) license no SIBA/L/18/1114
  • Deriv (V) Ltd – authorized by VFSC (Vanuatu)
US Traders Accepted
no
Out-of-Money Reward
No
Commission
https://deriv.com/partners/affiliate-ib/
Bonus Type
No
Bonus Size
Not fixed
Max Payout
Not fixed
Deposit Options
No
Deposit Currencies
USD, EUR, GBP, AUD
Trading Platform
Deriv X , Deriv MT5, SmartTrader, DTrader, Deriv GO, DBot
Minimum Trade
Change through time on markets
Maximum Trade
Change through time on markets
Trading Instruments
No
Number of Trading Instruments
170
Online Since
2020
Trading Options
Rise/Fall (Call/Put), Higher/Lower, Touch/No Touch, Matches/Differs, Even/Odd, Over/Under, Multiplier
Customer Support Types
Livechat, whatsapp and email
Languages
English ,Spanish ,Portuguese ,French ,German ,Italian ,Polish ,Russian ,Indonesian ,Chinese (simplified and traditional) ,Japanese ,Thai ,Vietnamese
Tools Offered
MetaTrader 5, self exclusion (set limits on your own trading activities), pricing tables, flexible expiry times, early close.
Demo Account
Yes
Pros
  • Regulated by reputable financial authorities in different jurisdictions
  • Offers a wide range of trading instruments including forex, commodities, stocks, and cryptocurrencies
  • Multiple account types and platforms to suit different trading styles and preferences
  • Free demo accounts for traders to practice and test strategies without risking real money
  • Multilingual support and educational resources for traders of all levels
Cons
  • Limited access for traders from certain countries, including the United States
  • No MT4 or MT5 platform support, which may not be ideal for some traders who prefer those platforms
  • Limited customer support options, with no phone support available
  • Some fees and charges may apply for certain account types or transactions, which may not be ideal for traders on a tight budget.

Deriv provides a selection of 8 trading platforms, each tailored to suit different trading styles and preferences. These platforms boast a wide array of features and tools meticulously crafted to accommodate various trading strategies, offering advanced charting capabilities, technical analysis indicators, and customizable layouts.

Designed with user-friendliness in mind, all platforms cater to both novice and seasoned traders alike. They ensure effortless access to a diverse range of financial markets, spanning forex, stocks, indices, ETFs, cryptocurrencies, and commodities.

Company Details

Deriv Review - Does The New Brand Deliver For Traders?

The enhanced Deriv platform not only presents an extended range of products but also delivers an enhanced user interface, complemented by a revamped logo.

In a gradual transition, a collective of traders engaging in 43 million monthly trades and conducting $6 million in monthly withdrawals seamlessly migrated to Deriv.com.

Since its rebranding, the global brokerage has witnessed substantial growth. Deriv now boasts a user base exceeding 2.5 million traders, contributing to a total trading turnover surpassing $10 billion. The platform facilitates over 26 million monthly withdrawals and executes more than 114 million trades per month. This distinguished trading firm, which has received accolades, employs over 1000 professionals across 18 locations, including Cyprus and Dubai.

Operational under regulation in numerous trading jurisdictions, Deriv.com holds licenses from the Malta Financial Services Authority, Labuan Financial Services Authority, Vanuatu Financial Services Commission, and the British Virgin Islands Financial Services Commission.

Deriv Regulations

Deriv operates under the regulation of five entities:

  1. Deriv (V) Ltd, regulated by the Vanuatu Financial Services Commission (VFSC), which we classify as a Tier 3 regulator.
  2. Deriv (BVI) Ltd, regulated by the British Virgin Islands Financial Services Commission (BVI FSC), which we also rate as a Tier 3 regulator.
  3. Deriv (FX) Ltd, regulated by the Labuan Financial Services Authority (LFSA) in Malaysia, categorized as a Tier 2 regulator in our assessment.
  4. Deriv Investments (Europe) Limited, regulated by the Malta Financial Services Authority (MFSA), similarly rated as a Tier 2 regulator.
  5. Deriv (SVG) LLC, an unregulated entity registered in St. Vincent and the Grenadines.

Deriv Platforms and Tools

Deriv.com provides three distinct trading platforms accompanied by live signals for its users.
DMT5:
The integration of the DMT5 platform with MT5 and its suite of analysis and research tools ensures a seamless and intuitive trading experience. It offers extensive customization options, empowering traders to tailor charts and trading areas to their preferences. With a growing selection of over 70 assets and continuous updates, the platform caters to traders at all skill levels in the CFD market. DMT5 provides a flexible trading environment with adaptable leverage of up to 1:1000 and a range of trade sizes. Deriv remains committed to enhancing the MetaTrader experience, most recently introducing MT5 WebTrader for direct access via web browsers, eliminating the need for app downloads.
DTrader:
Is Deriv good or bad?
DTrader, known for its adaptability, presents traders with a sleek interface and facilitates trading across a diverse range of 50+ assets. Users have the freedom to personalize charts with technical indicators and widgets, catering to individual preferences. This platform offers customizable trade types, enabling traders to initiate positions with minimal sizes starting from $0.35 and flexible trade durations spanning from one second to 365 days. DTrader represents a significant advancement in trading platforms, prioritizing an exceptional user experience and the potential for payouts exceeding 100%.
DBot:
Deriv.com review

Fees

Trading Fees Assessment:

Deriv's Financial account, the focus of our evaluation, implements spreads and swap/rollover fees without commission charges. Spreads are subject to variation based on liquidity levels for each instrument at specific timeframes.

Spread Analysis:

We scrutinized spread values for the Deriv Financial Account during the high-volume periods of the London open at 8:00 a.m. UK time and the US open at 2:45 p.m. UK time. These times represent the most active trading periods.
Instrument Live spread AM Live spread PM
EURUSD 0.5 0.6
GBPJPY 1.4 1.2
Gold (XAUUSD) 17 25
WTI Oil 0.06 0.06
DAX 1.4 1.7
Dow Jones 3.5 3.5
Apple n/a 0.61
Tesla n/a 1.15
Bitcoin 23.63 23.63

Spreads & Commissions

Deriv.com ensures traders benefit from competitive trading conditions marked by narrow spreads, commencing at 0.5 pips for major forex pairs like EUR/USD. A distinguishing feature is the absence of commission charges, deposit or withdrawal fees, and penalties for account dormancy.

Echoing the principles of Binary.com, Deriv.com maintains its legacy of offering competitive spreads and transparent fee structures.

Regarding leverage, Deriv grants traders the flexibility to select from various leverage options, extending up to 1:1000. This empowerment enables traders to open larger positions with a relatively small margin deposit, thereby magnifying potential profits.

It's important to recognize that margin requirements and leverage ratios may vary based on the account type and jurisdiction of registration. For instance, within the European Union, regulations impose a maximum leverage cap of 1:30 for major currency pairs on retail accounts, underscoring the platform's adherence to regulatory standards and commitment to fostering responsible trading practices.

Account Types

Deriv has designed a simplified one-stop account type called ‘Deriv’ that gives access to DTrader, SmartTrader, DBot, Binary Bot, and Deriv GO. That approach aims to ensure customers’ access to quite competitive trading conditions and the broker has already done a great job with its all-inclusive account to fit all traders of different sizes, risk profiles, and trading styles.

On top of that, Deriv offers a Demo Account loaded with virtual funds to give new traders the opportunity to put their skills to the test with no risk.

Deriv also offers a swap-free account that can be accessed through the Trader’s hub, and it is subject to the following conditions:

  1. It is specifically designed for MT5 accounts.
  2. It is open to ROW countries excluding the EU.
  3. It encompasses all synthetic assets except for Boom and Crash.
  4. It encompasses all financial assets, with the exception of Forex micro and Commodities.

Research and Education

Deriv's dedicated blog serves as a valuable resource hub, offering market reports that delve into the latest developments across various popular markets such as stocks, commodities, forex, and cryptocurrencies.
In addition to insightful market analysis, the broker equips traders with a suite of essential tools, including margin calculators, swap calculators, pip calculators, PnL for margin calculators, and multipliers calculators.
Furthermore, Deriv grants access to Deriv MT5 signals, facilitating copy trading for users seeking to replicate successful strategies.
Complementing these resources is Deriv's educational content, housed within the blog. Tailored primarily for novice traders embarking on their journey in the financial markets, the articles provide fundamental information on online trading types and strategies, offering valuable insights for beginners.

The Bottom Line

Deriv, with over 24 years of experience in the industry, operates through five entities across different jurisdictions: Deriv (SVG) LLC (unregulated, St. Vincent & the Grenadines), Deriv (V) Ltd (regulated by VFSC, categorized as a Tier 3 regulator), Deriv (BVI) Ltd (regulated by BVI FSC, also a Tier 3 regulator), Deriv (FX) Ltd (regulated by LFSA, classified as a Tier 3 regulator), and Deriv Investments (Europe) Limited (regulated by MFSA, rated as a Tier 2 regulator).
Traders have the option to select between MT5 accounts and proprietary platform accounts, with demo accounts available for practice purposes.
Deriv offers access to a diverse range of financial instruments, including forex, stocks, commodities, indices, ETFs, cryptocurrencies, options, and multipliers. The platform accommodates deposits starting from a mere $5 and supports multiple deposit and withdrawal options, including cryptocurrencies, available in various currencies.
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