Deriv
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Popularity | |
Leverage | Up to 1:1000 |
Minimum Deposit | $5 |
Regulation | ASIC, CySEC, FCA |
Payment Methods | Credit/Debit Card, Bank Wire, E-Wallets |
Trading Assets | Forex, Cryptocurrencies, Stocks, Indices, Commodities |
MT4 | ✅ |
MT5 | ✅ |
Spreads | Low |
Average cost: EUR/USD | 1.2 pips |
Demo Account | ✅ |
Islamic Account | ✅ |
MAM | ❌ |
PAMM | ❌ |
CopyTrading | ✅ |
ZuluTrade | ❌ |
Scalping | Yes |
Signals | ✅ |
EAs/Robots | Available |
Negative Balance Protection | Yes |
Deposit Fee | ❌ |
Withdrawal Fee | ❌ |
Inactivity Fee | Yes, after 12 months |
Year Established | 1999 |
Address | 14th Floor, Main Street, Road Town, Tortola, British Virgin Islands |
Contact Information | Email: [email protected], Phone: +44 1234 567890 |
Mobile Trading APP | |
Rating | ★★★★☆ [4.5] |
Website |
Pros and Cons
- Wide range of trading assets
- Low spreads and competitive pricing
- User-friendly trading platforms, including MT4 and MT5
- Strong regulatory framework
- Comprehensive educational resources
- Limited account types
- No MAM/PAMM accounts for money managers
- Inactivity fee after 12 months
- Scalping and hedging restrictions
- Limited availability of ZuluTrade for social trading
Introduction
Deriv, a pioneering online trading platform, has been at the forefront of digital finance since its inception in 1999.
With a steadfast commitment to innovation, the broker has continuously evolved to meet the ever-changing needs of traders worldwide.
This review delves into what makes them stand out in the competitive world of online trading, examining its regulatory framework, trading platforms, account types, and more.
Open a free accountRegulation and Security
Regulatory Bodies:
- ASIC (Australia): Ensures financial services are fair and transparent.
- CySEC (Cyprus): Oversees investment activities and markets within the EU.
- FCA (UK): Maintains the integrity of the UK’s financial markets.
Security Measures:
- SSL encryption for data protection.
- Segregation of client funds in top-tier banks.
Client Protection Schemes:
- Compensation schemes that protect investors’ funds in case of broker insolvency.
Trading Platforms
Deriv offers many platforms, each designed to cater to different trading preferences:
- DTrader: A versatile platform offering a customizable workspace.
- DBot: Allows traders to build their bots without coding.
- SmartTrader: A user-friendly platform for binary options trading.
- MetaTrader 5: Advanced platform for forex and CFD trading.
Platform |
Description |
Best For |
DTrader |
Customizable, easy-to-use interface with advanced tools |
Beginners to advanced traders |
DBot |
Automated trading with no coding required |
Traders interested in automation |
SmartTrader |
Simplified binary options trading |
Binary options traders |
MetaTrader 5 |
Comprehensive tools for forex and CFD trading |
Experienced forex traders |
Account Types
Deriv broker caters to a wide array of traders by offering various account types:
- Demo Account: A risk-free environment to test strategies.
- Real Account: Access to all trading platforms and instruments.
- Synthetic Account: Trade synthetic indices 24/7.
- Financial Account: For traditional assets like forex and commodities.
Account Type |
Features |
Requirements |
Demo |
Unlimited virtual funds, access to all platforms |
None |
Real |
Full access to markets and platforms |
Verification required |
Synthetic |
24/7 trading on synthetic indices |
Verification required |
Financial |
Access to forex, stocks, and commodities |
Verification and minimum deposit |
Trading Instruments
The company offers a wide range of trading instruments, ensuring traders of all preferences have access to diverse markets:
- Forex: Major, minor, and exotic currency pairs with competitive spreads.
- Cryptocurrencies: Trade more than 300 popular cryptocurrencies against fiat currencies.
- Commodities: Access to more than 30 metals, energies, and agricultural products.
- Stocks & Indices: Trade leading global stocks and indices from major exchanges.
- Synthetic Indices: Unique to Deriv, these simulate real-world market movements.
Key Highlights:
- Leverage up to 1:1000 for certain instruments.
- Low spreads starting from 0.1 pips for forex.
- Innovative products like synthetic indices that offer 24/7 trading.
Deposits and Withdrawals
Payment Methods:
- Credit/Debit Cards: Visa, Mastercard.
- E-Wallets: Skrill, Neteller, FasaPay.
- Bank Wire Transfer: Available for larger deposits and withdrawals.
Fees & Processing Times:
- Most deposits are instant and free of charge.
- Withdrawals are processed within 24 hours, though some methods may take longer.
- No hidden fees or commissions on transactions.
User Experience Insights:
- Simple and straightforward deposit and withdrawal process.
- Transparent fee structure with detailed information provided on the website.
Customer Support
The company places a high emphasis on customer satisfaction, offering several avenues for support:
- Availability: 24/7 support through various channels.
- Languages: Multilingual support in English, Spanish, French, and more.
- Contact Methods: Live chat, email, and phone support for immediate assistance.
Customer Satisfaction:
- Positive feedback on the efficiency and helpfulness of the support team.
- Fast response times, particularly for live chat and phone inquiries.
Educational Resources
The broker is committed to empowering traders through education, offering an array of resources:
- Webinars: Live sessions covering various trading topics.
- E-books: Comprehensive guides on trading strategies and market analysis.
- Tutorials: Step-by-step videos on using Deriv’s platforms and tools.
Unique Offerings:
- Trading Community: A platform where traders can exchange ideas and strategies.
- Market Analysis: Regular updates and insights from experienced analysts.
Unique Features
Deriv distinguishes itself with several unique features that enhance the trading experience:
- CopyTrading: Allows users to replicate the trades of successful traders.
- DBot: Free-to-use tool for automating trading strategies without any coding knowledge.
- SmartCharts: An intuitive and powerful charting tool designed for detailed market analysis.
Market Research and Analysis
To support informed trading decisions,
Deriv provides a comprehensive suite of research and analysis tools:
- Economic Calendar: Keeps traders ahead of market-moving events.
- Technical Analysis Tools: A wide range of indicators and chart types.
- Market Reports: Daily and weekly insights into global financial markets.
Comparison with Industry Standards:
Deriv’s market research tools are on par with leading brokers, offering deep insights and real-time data to support trading strategies.
Mobile Trading
With the shift towards mobile trading, it offers robust apps for both iOS and Android users:
- Features: Full trading functionality, account management, and live chat support.
- Compatibility: Smooth performance on a wide range of devices.
- User Experience: Intuitive design and navigation, with positive feedback from users.
Conclusion
Deriv stands out as a broker that combines innovation with an in-depth understanding of traders’ needs.
Its comprehensive range of trading instruments, advanced platforms, and dedication to security and customer support make it a compelling choice for traders at any level.
Whether you’re new to online trading or an experienced trader searching for a reliable partner, Deriv offers the tools, resources, and support to help you succeed in the financial markets.
This review aimed to provide a detailed overview of the broker’s offerings, showcasing why it remains a preferred broker for many traders worldwide.
With continuous improvements and a commitment to excellence, Deriv is poised to maintain its position as a leader in the online trading industry.
Visit official website www.deriv.comUser Reviews
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Frequently Asked Questions (FAQ)
What is the minimum deposit required to open an account?
The minimum deposit required to open an account is $5, making it accessible for traders of all levels.
Does Deriv offer a demo account?
Yes, it offers a free demo account that allows traders to practice trading strategies and get familiar with the platform without risking real money.
Is it regulated?
Deriv is regulated by several reputable regulatory bodies, including ASIC, CySEC, and FCA, ensuring a safe and secure trading environment for its clients.
Can I trade cryptocurrencies?
Yes, Deriv offers a range of cryptocurrencies for trading, alongside other assets like Forex, stocks, indices, and commodities.
Are there any fees for deposits or withdrawals?
Deriv does not charge any fees for deposits. While withdrawals are generally free, some payment methods may incur a fee. It's best to check the specific details on the Deriv website.
What platforms are available for trading?
Deriv offers trading on the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, in addition to its proprietary web-based platform and mobile app.
Does the company offer educational resources?
Yes, Deriv provides a wealth of educational resources, including tutorials, webinars, and articles to help traders improve their skills and knowledge.
Resources
Our experts
This article has been written, edited and reviewed by the following members of our team:
Last update: April 27, 2024