Deriv Review

Program Details

Company Name
Deriv (FX) Ltd
Headquarters
Malaysia
Regulation
  • Vanuatu Financial Services Commission (VFSC)
  • Labuan Financial Services Authority (LFSA)
US Traders Accepted
no
Out-of-Money Reward
No
Commission
No
Bonus Type
Bonus Size
Max Payout
Not fixed
Deposit Options
Deposit Currencies
AUD, GBP, EUR, USD
Trading Platform
DerivX, Deriv EZ, SmartTrader, DerivGo, DBot, Bbot
Min Deposit
$5
Minimum Trade
Depends
Maximum Trade
Depends
Trading Instruments
Number of Trading Instruments
173
Online Since
2020
Binary Option Types
Rise/Fall (Call/Put), Higher/Lower, Touch/No Touch, Matches/Differs, Even/Odd, Over/Under, Multiplier
Customer Support Types
Email, office, phone, web form
Languages
10+ language support
Tools Offered
MetaTrader 5, self exclusion (set limits on your own trading activities), pricing tables, flexible expiry times, early close.
Demo Account
Yes, unlimited
Rating
9.0

$5.00

Description
Risk Warning
Deriv offers complex derivative instruments such as options and Contracts for Difference (CFDs). These products may not be suitable for all clients, and trading them involves risks. Please ensure that you understand the following risks before trading Deriv products:
a) you may lose part or all of the invested amount in the trading,
b) if your trades involve currency conversions, exchange rates will affect your profits and losses. You should never trade with borrowed money or money you cannot afford to lose.

About Deriv

Founded in 1999, Deriv stands out as a versatile online brokerage firm headquartered in Malaysia. With regulatory oversight from five global entities, it caters to traders' diverse needs by offering access to a wide range of markets, including forex, stocks, ETFs, commodities, indices, and cryptocurrencies. What sets Deriv apart is its provision of 8 proprietary platforms tailored to different requirements and an extensive selection of deposit and withdrawal methods. In summary, Deriv's extensive market access and flexible transaction options make it a compelling option for a variety of trading requirements.

Trading Platforms

Deriv stands out due to its diverse range of 8 trading platforms, each tailored to different trading preferences. These platforms are equipped with a wide array of features and tools suitable for various trading strategies, offering advanced charting capabilities, technical analysis indicators, and customizable layouts.

Furthermore, all of Deriv's platforms are designed to be user-friendly, making them accessible to both novice and seasoned traders. They provide smooth access to a multitude of financial markets, including forex, stocks, indices, ETFs, cryptocurrencies, and commodities.

DTrader

Trade forex, indices, commodities and synthetic indices with:
  • Multiple trade types
  • Customisable charts
  • Position size from £0.35
  • Trading duration from 1 second
  • Suite of technical indicators and widgets

Deriv platform

DMT5 (Deriv MetaTrader 5)

Trade forex, stocks, synthetic indices, and commodities with:
  • Exclusive order types
  • A customisable interface
  • Simultaneous trade windows
  • Range of trade sizes up to 30 lots
  • Dozens of technical indicators & drawing tools

Deriv MT5

DBot

Web-based strategy builder with automated trading across 50+ assets:
  • Pre-built strategies
  • Build your trading bot
  • Guides and tutorials are available within the platform
  • Deriv Telegram group available for performance notifications
  • No coding required – easy to configure with pre-built blocks and indicators

Deriv DBot platform

You can use existing login details. SmartTrader is an easy-to-use online platform specifically for new traders. Features include multiple trade types and expiry times. The user-friendly interface makes it a great option for beginners looking to learn more about the financial markets.

Who is Deriv for?

Deriv offers a wide range of trading options, including CFDs and options, which may appeal to experienced traders seeking diversification in their investment portfolios. The platform provides significant leverage, up to 1:1000, enabling professional traders to capitalize on their trading strategies effectively.

On the other hand, Deriv also caters to beginners by allowing them to start with a minimal deposit of just $5. Additionally, new traders can benefit from the broker's educational resources, particularly its blog, which features easily digestible articles and trading tips, facilitating a smooth learning curve for novice traders.

Products

Deriv offers retail clients trading opportunities in 100+ assets across the following markets:
  • 5 commodities – metals and energy
  • 45+ forex pairs – majors, minors, and exotics
  • Stock indices – Asian, European, and US stocks including Nasdaq
  • Synthetic indices – randomly generated indices, based on real-world conditions and markets
Assets can be traded via:
  • Options trading – take straightforward positions on the direction of markets
  • Margin trading – take larger position sizes with borrowed capital for greater returns
  • Multipliers – trade on leverage and maximise profit potential by taking multiple positions

Deriv Regulation

  1. Deriv (V) Ltd: Regulated by the Vanuatu Financial Services Commission (VFSC), rated as a Tier 3 regulator.
  2. Deriv (BVI) Ltd: Regulated by the British Virgin Islands Financial Services Commission (BVI FSC), also rated as a Tier 3 regulator.
  3. Deriv (FX) Ltd: Regulated by the Labuan Financial Services Authority (LFSA) in Malaysia, rated as a Tier 2 regulator.
  4. Deriv Investments (Europe) Limited: Regulated by the Malta Financial Services Authority (MFSA), also rated as a Tier 2 regulator.
  5. Deriv (SVG) LLC: Not regulated, registered in St. Vincent and the Grenadines.

Fees

For this review, we tested the Deriv Financial account, where the broker charges spreads and swap/rollover fees but has no commissions. Spreads are variable and depend on the liquidity situation in each instrument at a certain point in time.

Deriv Spreads

We tested the spread on the Deriv Financial Account during the London open at 8:00 a.m. UK time and just after the US open at 2:45 p.m. UK time. These are the most actively traded times.

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

Deriv offers low spreads for EUR/USD, GBP/JPY, and Gold. The spreads for Apple, Dax, Dow, and Bitcoin are medium, while the spreads for WTI oil and Tesla are high.

Swap Fees

Instrument Swap Long Swap Short
EUR/USD -6.68 3.39
GBP/JPY 24.1 -30.11

My tests showed that EUR/USD swap fees were moderate, while GBP/JPY tests were high compared to the industry average.

Non-Trading Fees

Deriv has a dormant account fee of $25 after 12 months of inactivity. The fee will be charged for every six-month period when your account remains dormant.

Additionally, Deriv MT5 real account may be archived if inactive for 30 days. To reactivate the account, you can reach out to its Help Center. Any funds pending in your Deriv MT5 account will be transferred to your Deriv account.

Leverage Review

Deriv.com offers leverage up to 1:30 in the UK, in line with ESMA regulations:
  • 1:2 for cryptos
  • 1:5 for equities
  • 1:10 for commodities
  • 1:20 for minor currencies, gold, and major indices
  • 1:30 for major forex pairs

Mobile Trading

Deriv supports mobile trading through the MT5 app, available as a free download on iOS and Android devices. Simply login to MT5 with your account details for full access to the broker’s suite of products. Clients can undertake comprehensive price analysis using customisable charts, one-click trading and expert advisors. Pending orders are also available alongside free deposits and secure withdrawals. The MT5 app receives positive reviews from Deriv.com traders.

Deriv platforms

Deposits

Deriv does not charge a fee for real account deposits. Supported payment methods include:
  • Bank wire transfer – minimum deposit from £10, processing times vary from instant to 1 working day
  • E-wallets – including Skrill, Neteller and WebMoney. Minimum deposit from £5, instant processing
  • Credit/debit card – including Visa and Mastercard. Minimum deposit £10, instant processing
  • Cryptocurrency – varying minimum deposits, funds available once blockchain approved
Deriv’s retail clients can also manage funds through a payment agent.

Withdrawals

Withdrawals are processed within one working day and there are no fees charged by the broker. E-wallets offer the lowest payments starting from £5 or currency equivalent. Bank wire transfers provide the largest withdrawals up to £100,000.
Note you may need to submit identity documents as part of Deriv’s standard verification checks.

Is Deriv Safe to Trade With?

Trading Accounts

UK clients are subject to Deriv Europe trading directions. Account types include:
  1. Synthetic – suitable for CFD trading
  2. Financial STP – suitable for forex pairs and cryptocurrency trading
  3. Financial – suitable for forex, commodities, and cryptocurrency trading
The account registration process is in line with most online brokers, requiring users to submit identity documents and proof of residence. All accounts accept GBP, USD, and EUR as base currencies.

Customer Support

Deriv’s English-speaking customer support team is available 24/7:
Ask the community – self-service portal, peer-to-peer between broker clients
Help center – comprehensive FAQ portal covering topics such as server issues, opening a new financial account and platform help
There is the notable absence of a live chatbot via the website home page and no phone numbers or email. We would expect these to become available as the broker develops.

FAQ's

What Trading Platforms Does Deriv Offer?

The broker offers 3 trading platforms for real accounts; DMT5, DBot and DTrader. These offer an excellent all-round trading environment for retail investing. Note Deriv does not support a MetaTrader 4 (MT4) download for trading activities or as a demo account. See our list of MT4 brokers here.

Does Deriv Support Volatility 75 Index Trading?

Yes, Deriv offers trading on VIX 75 alongside other synthetic volatility indices. Volatility 75 looks at the speculated price change of the S&P 500 index. These indices offer an exciting trading option not found at most online brokers and are positive in our broker review.

What Is The Difference Between Deriv.com Vs Binary.com?

Deriv is the rebranded platform of Binary.com. The new platform was established in 2020. Deriv will eventually replace Binary.com and you can use your original login details on the new website. The latest platform has been well received by UK traders.

What Is The Deriv Peer-To-Peer App?

The Deriv peer-to-peer app is a mobile APK solution for clients to make deposits and withdrawals to their real accounts and review credits. The user-friendly and free-to-download app is a useful extra for active traders and isn’t something offered by many retail brokers.

Does Deriv Accept Bitcoin Deposits?

Yes. To deposit into a real account with Bitcoin, log into Deriv and deposit BTC in the cashier section. Paste your BTC wallet account address into your blockchain wallet. Funds will be available once processed and confirmed.
Risk Warning:
Deriv offers complex derivative instruments such as options and Contracts for Difference (CFDs). These products may not be suitable for all clients, and trading them involves risks. Please ensure that you understand the following risks before trading Deriv products:
a) you may lose part or all of the invested amount in the trading,
b) if your trades involve currency conversions, exchange rates will affect your profits and losses. You should never trade with borrowed money or money you cannot afford to lose.
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