Deriv

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Popularity popular broker
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
Copy Trading
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

Pros
  • Wide range of trading assets
  • Low spreads and competitive pricing
  • User-friendly trading platforms, including MT4 and MT5
  • Strong regulatory framework
  • Comprehensive educational resources
Cons
  • 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.

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Regulation 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

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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.com

User Reviews

“I’ve been trading with Deriv for over a year, and I’m really satisfied with their service. The spreads are low, which is great for my trading strategy, and they offer a wide range of assets. The customer support team is always helpful and responsive whenever I have questions or need assistance. Highly recommend!”
Emily Thompson
“Deriv has been my go-to broker for Forex trading. Their platform is user-friendly, and getting started was straightforward. I appreciate the educational resources they offer, which have been invaluable to me as a beginner. The only downside is the inactivity fee, but it’s a minor issue compared to the overall quality of service.”
Marcus Johnson
“I decided to try Deriv after hearing about their competitive spreads, and I wasn’t disappointed. The trading execution is fast, and their mobile app makes it easy to trade on the go. The lack of MAM/PAMM accounts is a bit of a letdown for those interested in money management services, but for individual traders like me, it’s a solid choice.”
Sophia Lee
“As an experienced trader, I find their platform to offer everything I require. The availability of MT4 and MT5 is a big plus, and their regulatory compliance gives me peace of mind. I do wish they had more options for social trading, but the CopyTrading feature is decent. Overall, a reliable broker with excellent service.”
Alex Ramirez
“Trading with this broker has been a positive experience overall. Their customer service is top-notch, and I love the variety of payment methods available. However, the withdrawal process can be a bit slow at times. Despite this, I’d still recommend Deriv for their professionalism and reliable trading environment.”
Natalie Wong

Video Review

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:

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      Feng Zhou

      Feng Zhou, a seasoned author and financial expert, boasts a diverse portfolio of articles recognized by prestigious publications such as Bloomberg, Global Asia, and BizLeaders. Graduating from the University of Hong Kong marked the inception of Mr. Zhou's journey into the financial sector. Initially delving into financial statement audits for both publicly traded and privately held clients, he honed his skills before furthering his education at Hong Kong Polytechnic University. During his tenure, Feng Zhou contributed significantly to the valuation of privately held businesses, engaged in forensic accounting, and provided litigation-related services. His professional trajectory also includes valuable experience at Nezu Asia Capital Management, a prominent hedge fund giant. Demonstrating entrepreneurial spirit, Feng Zhou founded a financial asset management company and frequently shares his expertise as a guest lecturer at various Chinese MBA programs. His prolific writing extends beyond traditional platforms, with articles featured in a range of industry events and publications, including FoxTrade, The MoneyShow, London Summit, and iFX EXPO. With a keen eye for market trends and a wealth of experience, Feng Zhou continues to be a prominent voice in the financial landscape.

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      Sandro Pontedra

      Sandro Pontedra is the mastermind behind the insightful financial analysis and educational content that FoxTrade readers have come to rely on. With a rich academic background from Università di Bologna and the University of Milan, Sandro has built a career that spans across private wealth management and financial analysis, culminating in his role as Chief Accounting Officer for a prominent firm. An avid trader with over a decade of experience in the markets, Sandro combines his hands-on trading knowledge with a keen analytical mind, offering FoxTrade readers a unique blend of practical advice and in-depth market insights. His work, recognized by major financial publications, reflects his passion for finance and commitment to demystifying complex financial concepts. Sandro is dedicated to empowering readers with the knowledge and tools needed to navigate the financial markets confidently. Whether you're a seasoned investor or new to trading, his articles provide valuable insights into investment strategies, market analysis, and the future of finance and technology.

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      Stephane Dubois

      Stephane Dubois stands at the forefront of financial analysis and industry expertise, driving innovation and insight across global markets. With a diverse academic background in International Relations and World Economy, coupled with practical experience spanning government projects and private sector endeavors across five continents, Stephane brings a wealth of knowledge and perspective to his role. As a senior editor at FoxTrade, Stephane oversees the publication of insightful content, ensuring that readers receive accurate and timely analysis to navigate the complexities of the financial world. His leadership and editorial guidance have been instrumental in shaping the platform into a trusted source of information for investors and traders alike. Beyond his editorial responsibilities, Stephane is revered as a leading analyst in the online broker industry. His insights have been instrumental in shaping strategies and decision-making for executives worldwide. Stephane's expertise isn't confined to the boardroom; he is also an esteemed business school professor, with an MBA from Columbia University and prior experience at Goldman Sachs. Stephane's impact extends beyond the confines of academia and corporate settings. He has spoken and moderated panels at prestigious events globally, earning citations from esteemed publications such as Finance Monthly, The Journal of Finance, and Financial Analysts Journal. His contributions to industry discussions cover a wide array of topics, from forex strategies to stock market catalysts, earning him recognition as a thought leader in the financial world.

      Last update: June 4, 2024