Today I’d like to present you a fresh Deriv review of 2024 which gathered all information you need to start safely with this famous forex/binary options broker: account types, broker’s licensing/regulation, trading platforms, deposit and withdrawal conditions, Deriv investing apps, trading assets, leverage, minimum deposit, spreads, available Deriv bonuses, etc.
Who is broker Deriv?
During the 1990s, BetOnMarkets emerged as a pioneering online betting platform, founded by entrepreneur Jean-Yves Sireau in 1999. Initially, it offered speculative opportunities in financial markets, allowing users to engage in activities based on price movements. As the platform matured, it expanded its services, introducing binary options trading in the 2000s. This innovation enabled traders to speculate on various financial assets' price fluctuations.
In 2013, the platform underwent a transformation, rebranding as Binary.com, aligning more closely with its binary options trading focus. Continuing its evolution, Binary.com ventured into forex trading in 2016 with the launch of its proprietary platform, Smarttrader bot, offering advanced trading features. Moreover, the integration of MetaTrader 5 (MT5) as an alternative platform has enriched trading opportunities for users.
With a strong foundation spanning two decades, the company embarked on a significant rebranding journey in 2020, transforming into Deriv.com. This strategic shift aimed to underscore the platform's evolution beyond binary options, showcasing its diverse array of derivatives trading tools. Fast forward to 2024, Deriv.com remains committed to offering a comprehensive range of derivatives products, including binary options, forex, and CFDs, to meet the evolving needs of traders and investors worldwide.
Today, Deriv stands as a global brokerage powerhouse, serving over 2.5 million traders who collectively execute more than 110 million trades valued at over $10 billion each month. The platform facilitates over 26 million withdrawal transactions monthly, boasting a network of 18 offices and over 1000 employees across various countries.
Is Deriv regulated and legal?
Deriv.com, a prominent multilateral broker, operates under diverse licenses and regulatory frameworks to offer trading services across different regions. Here's a summary of the broker's regulatory landscape:
- Deriv Investments (Europe) Limited: Licensed and regulated by the Malta Financial Services Authority (MFSA) under the Investments Services Act, providing investment services within the European Union.
- Deriv (FX) Ltd: Licensed by the Labuan Financial Services Authority in Malaysia, offering forex and cryptocurrency CFD trading globally, excluding restricted countries such as the US, Canada, and Hong Kong.
- Deriv (BVI) Ltd: Licensed by the British Virgin Islands Financial Services Commission, providing CFD trading on financial instruments and derived indices globally, except for specific jurisdictions.
- Deriv (V) Ltd: Licensed by the Vanuatu Financial Services Commission, offering CFD trading on financial instruments and derived indices globally, except for restricted countries.
- Deriv (SVG) LLC: Registered in St. Vincent and the Grenadines, providing trading accounts worldwide, except for certain jurisdictions.
Deriv Holdings (Guernsey) Limited serves as the overarching holding and controlling company for these subsidiaries.
Apart from regulatory oversight, Deriv.com implements various customer protection and security measures:
- Negative balance protection safeguards customers from losing more than their deposited funds.
- Segregation of funds ensures the separation of the broker's capital from clients' funds for added safety.
- Financial services compensation schemes offer protection to clients in case of broker insolvency, with coverage varying based on regulators and jurisdictions.
- Membership in the Financial Commission reinforces traders' rights and protections.
- Custody of client funds in reputable financial institutions assures clients of fund security even in adverse scenarios.
- Robust data protection measures and two-factor authentication enhance account security for traders.
As regulatory frameworks and broker details may evolve, traders are advised to stay updated by visiting the broker's website and consulting relevant regulatory authorities before engaging in trading activities.
Deposit and withdrawal options
Deriv deposit options
Deriv.com provides a diverse array of payment methods for both depositing and withdrawing funds from trading accounts. Once logged in, users can view available payment methods tailored to their country of residence on the Cashier page. There are no fees charged by Deriv for deposits or withdrawals, and there are no penalties for account inactivity. Any commissions incurred would be solely from the paying agent. There are no hidden fees in this process.
| Payment Method | Currencies | Deposit Range | Processing Time | Notes |
|---|---|---|---|---|
| Credit/Debit Cards | USD, EUR, GBP | $10 – $10000 | Instant | Mastercard for deposits only |
| E-wallets | USD, EUR, GBP (Jeton in EUR) | $5 – $10000 ($5 – $1000 for Jeton) | Instant | Skrill and Neteller offer loyalty programs |
| Online Banking | USD, EUR, GBP | $25 – $100 | Instant | Specific to certain countries |
| Cryptocurrencies | Various | From $1 | Instant |
Deriv withdrawal options
| Withdrawal Method | Currencies | Withdrawal Range | Processing Time | Notes |
|---|---|---|---|---|
| Credit/Debit Cards | USD, EUR, GBP | $10 – $10000 | 1-3 working days | Mastercard and Maestro only available for UK clients |
| E-wallets | USD, EUR, GBP (Jeton in EUR) | $5 – $10000 | 1-3 working days | |
| Online Banking | USD, EUR, GBP | $5 – $50000 (GiroPay, Przelewy, Rapid Transfer N/A) | Not applicable | GiroPay, Przelewy, Rapid Transfer withdrawals not applicable |
| Cryptocurrencies | Various | $10 – $50000 | 1-3 working days |
Deriv Trading Platforms
Deriv offers traders a diverse range of trading terminals, each with unique interfaces, functionalities, and tools. Traders have access to DTrader, Deriv X, SmartTrader, DMT5, and DBot, available via web versions and mobile apps for seamless trading on smartphones. Traders are not restricted to a single platform; they can utilize all available terminals for their trading activities, all of which provide real-time signals.
DMT5 (Deriv MT5) is a user-friendly platform tailored for CFD traders, integrating MT5 with extensive analytical tools. Traders can personalize chart and trading areas, open multiple windows simultaneously, and detach specific windows for convenience. DMT5 offers a vast selection of over 150 trading assets, with customizable leverage up to 1:1000 and trade sizes ranging from micro lots to 30 standard lots.
DTrader (Deriv Trader) offers a customizable interface with over 20 tradable assets. Traders can customize charts with technical indicators and widgets and choose from flexible trade types with position sizes starting at $0.35. DTrader allows for trade durations from one second to 365 days, with potential payouts exceeding 100%.
DBot (Deriv Bot) specializes in automated trading, simplifying the setup of algorithmic investing. Traders can develop bots with five simple steps and customize them to trade over 50 assets. DBot provides three ready-made strategies and features a performance tracker for quick adjustments to optimize returns.
Deriv X offers synthetic and financial accounts, enabling trading of synthetic indices with leverage up to 1:500 and access to over 90 instruments including cryptocurrencies and commodities with leverage up to 1:1000.
SmartTrader provides a single trading account for currency pairs, indices, commodities, and synthetic indices.
Deriv Account Types
Deriv provides two main types of accounts: demo and live.
The demo account serves as the initial step for new traders on Deriv. It offers a simulated trading environment with unlimited virtual funds and no time restrictions. Registration requires only an email address, and no credit card information is needed. The demo account enables traders to familiarize themselves with the platform's features, test strategies, and enhance trading skills without any financial risk.
For live trading, Deriv offers three account types: Standard (Financial), Deriv MT5 (DMT5), and Swap-free MT5, each with leverage of up to 1:1000. The availability of account types depends on the trader's geographical location due to regulatory requirements. For instance, traders from the EU, South Africa, and Singapore may have access to different account types based on regional regulations. The minimum spread value starts from $1, and traders can start trading with as little as $5.
Deriv Assets And Markets
Deriv provides a wide range of trading instruments, offering over 100 different assets for trading:
- Forex Trading: Includes over 30 currency pairs, covering major, minor, and exotic currencies.
- Stock Indices: Traders can speculate on the price movements of US, Asian, and European indices.
- Synthetic Indices: These volatile synthetic indices operate 24/7, replicating real market conditions.
- CFD Trading: Offers trading in commodities such as gold, silver, and oil, among others.
- Cryptocurrencies: Allows trading of Bitcoin (BTC) and over 25 other tokens against the US dollar, with leverage of up to 1:2.
- Options and Multipliers: Deriv.com features binary options and multipliers to diversify trading. Options enable profit through accurate price predictions without owning assets. Multipliers allow users to increase positions to maximize potential profits while limiting risk, as traders cannot lose more than their initial deposit. Multipliers provide flexibility and options similar to margin trading.
Conclusion
In conclusion, Deriv.com offers traders a comprehensive platform with a diverse range of trading instruments and account types to suit various trading styles and preferences. With access to over 100 different assets including forex pairs, stock indices, cryptocurrencies, CFDs, commodities, synthetic indices, and options, traders have ample opportunities to explore and capitalize on market movements. The platform provides both demo and live accounts, allowing traders to practice and refine their strategies in a risk-free environment before transitioning to live trading. Additionally, Deriv's user-friendly interface, real-time signals, and customizable trading platforms cater to both novice and experienced traders, providing a seamless trading experience. Overall, Deriv.com stands out as a reliable and versatile platform for traders looking to engage in the financial markets.
Product selection
Score: 5/5
At Deriv, you have access to an extremely wide range of markets. Every type of asset is available.
Read more about Product selection
Theresa W. Carey
OG of Online Brokerage Business
“Deriv has an extended legacy of offering its customers access to global markets, with fees that are among the lowest in the industry. You can trade equities, options, fixed income products, and futures around the world and around the clock, on your desktop or on a mobile device. Deriv is well-suited to sophisticated traders who want to take advantage of the low fees for transactions and for margin loans, and has taken strides towards serving less experienced traders over the last five years. The firm’s order routing engine squeezes every pip out of executing an order. I would still advise new traders to gain experience at a more user-friendly broker before taking the leap to Deriv ’s services; however, they could give Deriv ’s Global Trader app a try.”