Deriv is a well-established broker since 1999. Deriv has headquarters in Malaysia, British Virgin Islands, Malta, China, European area, Hong Kong, India, Indonesia, Russian Federation, Spain, Thailand, Turkey, United Arab Emirates, United Kingdom and Vanuatu. Deriv to provide their Forex/CFD trading services to over 4 million clients.
This broker has also been regulated by FSA (Labuan) MB/18/0024, FSC (BVI) SIBA/L/18/1114, MFSA C70156, The Financial Commission 08.06.2020 and VFSC 14556.
⌛ Year Established
📁 Segregated accounts
Apart from the forex demo account, this broker offers Standard. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by Deriv is up to 1:1000. Meanwhile, you can open an account with a starting capital of $5.
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
💲 Min Deposit $5
💡 Min Position 0.01 lot
🔢 Spread Fixed
🤖 Expert Advisors
⏳ Pending orders
One-Cancels-Other (OCO) orders
1️⃣ One-click trading
Besides lots of currency pair, Deriv also offers some instruments you would like to trade on, such as Forex, Gold & silver, Indexes and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Standard account, Deriv specifically provides it with the following instruments and leverage:
Gold & silver
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
WebMoney : WebMoney is one of the major online wallet services which many people use to send money around the world. For this reason, there is a large number of forex brokers that accept WebMoney today. Like other online payment services today, WebMoney is supported by mobile applications to make transactions more efficient.
Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.
Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.
FasaPay : Known as an e-payment for retail forex traders, FasaPay does not require a huge amount of fee, giving it a competitive edge among any other e-payments in the forex brokerage industry. Instant process is also featured as one of its advantages.
Deriv also provides payment with AdvCash, paysafecard, USD Coin (USDC), Tether (USDT), Perfect Money, Litecoin, Ethereum, Crypto, Credit/debit cards and AstroPay
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, Deriv offers you MetaTrader 5, DTrader and DXtrade.
Do you have any question or find any trouble related to Deriv? If you do, you should reach Deriv's support to get the information that you need. Here is the detail of the broker's customer support:
FAQ About Deriv
Is Deriv a good broker?
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if Deriv is a good broker for you or not by reviewing the criteria. In general, Deriv provides trading service in Forex , Gold & silver , Indexes and Crypto . As for the payment methods, you can choose between AdvCash, AstroPay, Crypto, Credit/debit cards, Ethereum, FasaPay, Litecoin, Neteller, paysafecard, Perfect Money, Skrill, Tether (USDT), USD Coin (USDC), WebMoney and Wire transfer. The customer support is available via Email, Office, Phone and Web form.
What is the minimum deposit for Deriv?
The starting capital in Deriv is $5.
Is Deriv regulated?
Deriv is regulated by FSA (Labuan) MB/18/0024, FSC (BVI) SIBA/L/18/1114, MFSA C70156, The Financial Commission 08.06.2020 and VFSC 14556. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
Is Deriv legit?
Deriv is a brokerage company offering trading services for clients since 1999 with offices in Malaysia, British Virgin Islands, Malta, China, European area, Hong Kong, India, Indonesia, Russian Federation, Spain, Thailand, Turkey, United Arab Emirates, United Kingdom and Vanuatu.