Deriv

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Deriv 2024 Broker Review

Written by:

ForexBrokerTalk

Fact checked by:

ForexBrokerTalk

Recommended for

  • Traders who want a wide range of instruments
  • Traders located in South Africa

Trust Level: Very High

  • Licensed and regulated by MFSA, Labuan FSA, VFSC, and BVI Financial Services Commission

Popularity

442 people visited this broker using ForexBrokerTalk within the last 6 months

Introduction To Deriv

Boasting over 2.5 million customers it is safe to say that Deriv is a prominent broker in the industry. With multiple offices around the world, and 1,300+ employees the broker offers a great selection of tradable assets including: forex, indices, stocks, indices, commodities, crypto, and ETFs. But the fun doesn’t stop there, the broker also offers multiple trading platforms including; MetaTrader 5, X, cTrader, SmartTrader, Deriv Trader, Deriv Go, Deriv Bot, and Binary Bot.

The broker, founded in 1999 is regulated in multiple jurisdictions including: Malta Financial Services Authority,  Labuan Financial Services Authority, British Virgin Islands Financial Services Commission, and Vanuatu Financial Services Commission.

Deriv can be considered a highly trusted broker and a great option for any trader.

$5

Minimum Deposit

From 0.5 pips

Spread Markup

Yes

Free Demo Account

No

Inactivity fee

Pros

Wide range of trading platforms

Variety of tradable instruments

Regulated by multiple jurisdictions

Cons

Broker does not accept clients from several countries including: US, CA, Malaysia, etc

Review Video:

Coming soon!

Deriv Quick Facts

Country Headquarters

Multiple World Wide Locations

Instruments Offered

Forex, Metal, Stock Indices, Crypto, ETFs

Base Account Currency

AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD

Minimum Deposit

$5

Withdrawal Fee

$0

Account Verification Time

Up to 1 business day

Deposit Options

Card, bank wire, Crypto, Skrill, Neteller, AstroPay, and more

Accepts crypto deposit

Yes

Trading Platforms

MetaTrader 5, cTrader, Deriv Trader, and more

Demo Accounts

Yes

VPS Offered

No

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Account Opening 4 / 5

Deriv offers a fully online sign up process. To create a trading account with Deriv you will need to provide the following documents:

  • Valid ID document
  • Valid proof of address

It is important to note that Deriv does not accept traders from Alderney, Belarus, Canada, the Cayman Islands, Guernsey, Hong Kong, Israel, Jersey, Jordan, Malaysia, Malta, Rwanda, Paraguay, Singapore, the United Arab Emirates, United Kingdom, The United States of America, or any country that has been identified by the Financial Action Task Force (FATF) as having strategic deficiencies.

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Commissions & Fees 4 / 5

Trading commissions:

Spreads starting from 0.5 pips during normal market conditions.

Fees:

No fee to deposit or withdrawal. Additionally no fee for inactivity.

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Deposit and withdrawal 5 / 5

Deriv offers a variety of deposit options, including:

  • Card
  • Bank wire
  • Help2Pay
  • Airtel
  • Orange
  • AstroPay
  • Neteller
  • Skrill
  • Crypto
  • and more!

Additionally there are no fees to withdrawal money.

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Trading Platforms 4 / 5

Deriv offers a couple industry standard trading platforms, and a few proprietary ones:

  • MetaTrader 5
  • Deriv X
  • cTrader
  • SmartTrader
  • Deriv GO
  • Deriv Bot
  • Binary Bot
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Customer Support 5 / 5

Deriv offers award winning support via online chat, email, and phone.

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Other 3 / 5

At the time of this review we have found that Deriv does not offer many of the “extras” that other brokers in the industry offer.

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Frequently Asked Questions

What are the Deriv account types offers?

Deriv offers three main account types; Financial account, Financial STP account, and Synthetic account. To learn more about the differences click here.

Does Deriv have a sign up bonus?

No, at this time Deriv does not have a sign up bonus.

What is the average Deriv spread?

The spread at Deriv depends on several factors, such as account type, market conditions etc. However on average we have found the average spread to start at 0.5 pips.

What is the Deriv minimum deposit?

The minimum deposit requirement is $5.

What is required to open a Deriv account?

You can find the Deriv open account information by clicking here.

About ForexBrokerTalk

ForexBrokerTalk is a free service which helps both new and experienced traders find the best forex broker for their needs. As an impartial party we have reviewed more than 50 different forex brokers, with new brokers being added everyday. Additionally we offer a free newsletter to keep traders up to date on the latest in forex broker news, promotions, and more! Have any questions? Click here to contact us and we’ll be happy to help.

4 / 5

ForexBrokerTalk Final Score

There’s a reason why Deriv serves 2.5 million traders – they’re a great broker! We would recommend this broker for the majority of traders.

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