Deriv Review
Program Details
- Vanuatu Financial Services Commission (VFSC)
- Labuan Financial Services Authority (LFSA)
$5.00
Risk WarningDeriv 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
- Multiple trade types
- Customisable charts
- Position size from £0.35
- Trading duration from 1 second
- Suite of technical indicators and widgets
DMT5 (Deriv MetaTrader 5)
- Exclusive order types
- A customisable interface
- Simultaneous trade windows
- Range of trade sizes up to 30 lots
- Dozens of technical indicators & drawing tools
DBot
- 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
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
- 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
- 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
- Deriv (V) Ltd: Regulated by the Vanuatu Financial Services Commission (VFSC), rated as a Tier 3 regulator.
- Deriv (BVI) Ltd: Regulated by the British Virgin Islands Financial Services Commission (BVI FSC), also rated as a Tier 3 regulator.
- Deriv (FX) Ltd: Regulated by the Labuan Financial Services Authority (LFSA) in Malaysia, rated as a Tier 2 regulator.
- Deriv Investments (Europe) Limited: Regulated by the Malta Financial Services Authority (MFSA), also rated as a Tier 2 regulator.
- 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
- 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.
Deposits
- 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
Withdrawals
Is Deriv Safe to Trade With?
Trading Accounts
- Synthetic – suitable for CFD trading
- Financial STP – suitable for forex pairs and cryptocurrency trading
- Financial – suitable for forex, commodities, and cryptocurrency trading
Customer Support
FAQ's
What Trading Platforms Does Deriv Offer?
Does Deriv Support Volatility 75 Index Trading?
What Is The Difference Between Deriv.com Vs Binary.com?
What Is The Deriv Peer-To-Peer App?
Does Deriv Accept Bitcoin Deposits?
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.
Be the first to review “Deriv Review”
You must be logged in to post a review.
Reviews
There are no reviews yet.