Deriv Broker Review

Is Deriv a scam?

Deriv is a regulated broker and operates under multiple regulatory authorities, which helps to ensure the safety of client funds and provides traders with a secure trading environment.

Deriv is operated by Deriv Investments (Europe) Ltd, which is authorized and regulated by the Malta Financial Services Authority (MFSA) under the Investment Services Act. It is also regulated by the Vanuatu Financial Services Commission (VFSC) under the Dealers in Securities (Licensing) Act.

In addition to being regulated, Deriv uses advanced security measures to protect client funds and data. Client funds are kept in segregated accounts, separate from the broker’s operating funds, which helps to ensure that client funds are protected in the event of insolvency. Deriv also uses SSL encryption technology to protect sensitive data, such as personal and financial information, during transmission.

Overall, Deriv’s regulation and safety measures help to provide traders with peace of mind and confidence in the integrity of the broker. However, it is always important for traders to carefully review the broker’s regulatory status and safety measures before opening an account and depositing funds.

Best Forex Brokers Ranking

Rank	Broker	Review	Open Account	Bonus	Platform	Minimum Deposit	ECN
1	Exness		Open Exness account	16$/lot	MT4, MT5, Exness, ...	1$	10$
2	IC Markets		Open IC Markets account	-	MT4, MT5, cTrader	200$	200$
3	XM		Open XM account	30$	MT4, MT5	5$	-
4	XTB		Open XTB account	2000$	MT4, xStation 5	1$	1$
5	FBS		Open FBS account	140$	MT4, MT5, FBS Trader	1$	1000$

Deriv Trading Platforms

Deriv offers several trading platforms that traders can use to access a range of financial instruments, including forex, commodities, cryptocurrencies, and more.

1. Deriv MetaTrader 5 (MT5) – This platform is a popular choice for forex traders and offers advanced charting tools, indicators, and trading capabilities. Traders can access a range of markets and trade multiple asset classes, including forex, stocks, commodities, and more.
2. Deriv X – This platform is a web-based trading platform that is accessible from any device with an internet connection. It offers advanced charting tools, real-time quotes, and customizable indicators. Deriv X is designed to be user-friendly and is suitable for both beginner and advanced traders.
3. DMT5 – This platform is a mobile trading platform that is available for both iOS and Android devices. It offers all the features of the desktop version of MT5, including advanced charting tools, multiple time frames, and real-time quotes.
4. DBot – This platform is a proprietary trading platform that allows traders to automate their trading strategies using customizable trading bots. Traders can choose from a range of pre-built bots or create their own using a visual editor.

Overall, Deriv offers a range of trading platforms that cater to the needs of different types of traders, from beginners to advanced traders.

Products Deriv provides

Deriv provides a wide range of trading products that traders can use to access various financial markets, including:

1. Forex – Deriv offers a range of major, minor, and exotic currency pairs, which can be traded using the Deriv MetaTrader 5 (MT5) platform.
2. Commodities – Traders can access a range of commodities, including precious metals, energy products, and agricultural commodities.
3. Cryptocurrencies – Deriv offers trading in popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and more.
4. Indices – Traders can access a range of stock indices, including major indices such as the S&P 500, NASDAQ, and FTSE 100.
5. Synthetic indices – These are unique proprietary indices offered by Deriv that simulate real-world market conditions, allowing traders to access a range of markets 24/7.
6. Stocks – Deriv also offers trading in a range of popular stocks, including Apple, Amazon, and Tesla.
7. Volatility indices – These are proprietary indices that track market volatility and can be used for trading in both trending and ranging markets.

Overall, Deriv provides a diverse range of trading products, allowing traders to access a range of financial markets and instruments, depending on their trading strategies and preferences.

Deriv account types

Deriv offers several account types to cater to the needs of different types of traders, including:

1. Standard Account – This account type is designed for new traders who want to get started with a low minimum deposit. It offers access to all of Deriv’s trading platforms and trading products.
2. Advanced Account – This account type is designed for more experienced traders who want to access advanced trading features and tools. It requires a higher minimum deposit than the Standard Account and offers additional features such as lower spreads and higher leverage.
3. Synthetic Account – This account type is designed for traders who want to focus on trading synthetic indices. It offers specific features and benefits that are tailored to synthetic index trading.
4. Deriv X Account – This account type is designed for traders who want to trade on the Deriv X trading platform. It offers specific features and benefits that are tailored to trading on this platform.
5. DMT5 Account – This account type is designed for traders who want to trade on the Deriv MetaTrader 5 (MT5) platform. It offers specific features and benefits that are tailored to trading on this platform.

Overall, Deriv’s account types offer a range of features and benefits that are tailored to the needs of different types of traders. Traders can choose the account type that best suits their trading style and preferences.

Deriv trading fees

Deriv’s trading fees vary depending on the type of account and the financial instrument being traded. Here is a summary of the trading fees charged by Deriv:

1. Forex Spreads – Deriv charges variable spreads on forex trades, which vary depending on the currency pair being traded and the account type. The spreads can range from as low as 0.5 pips for major currency pairs on the Advanced Account to as high as 2 pips for exotic currency pairs on the Standard Account.
2. Commissions – Deriv does not charge any commissions on forex trades.
3. Cryptocurrencies – Deriv charges a fixed spread on cryptocurrency trades, which varies depending on the cryptocurrency being traded and the account type. The spreads can range from as low as 0.5% on the Advanced Account to as high as 2.5% on the Standard Account.
4. Commodities and Indices – Deriv charges a fixed spread on commodity and index trades, which varies depending on the instrument being traded and the account type. The spreads can range from as low as 0.35 pips on the Advanced Account to as high as 1.0 pip on the Standard Account.
5. Overnight Financing – Deriv charges an overnight financing fee on positions held overnight. The fee varies depending on the financial instrument being traded and the account type.

Overall, Deriv’s trading fees are competitive and transparent. Traders can access detailed information about the trading fees charged by Deriv on its website.

Deriv Funding and Withdrawal Options

Deriv offers a variety of funding and withdrawal options to its traders, including:

1. Deposit Options – Traders can deposit funds into their Deriv accounts using a range of payment methods, including credit/debit cards, e-wallets such as Skrill and Neteller, and bank transfers. The minimum deposit amount varies depending on the payment method and the account type, ranging from $5 to $500.
2. Withdrawal Options – Traders can withdraw funds from their Deriv accounts using the same payment method used for deposits. Withdrawals are processed within one business day for e-wallets and three to five business days for bank transfers.
3. Fees – Deriv does not charge any fees for deposits or withdrawals. However, traders may be subject to fees charged by their payment provider or bank.
4. Processing Time – Deposits are processed instantly, except for bank transfers, which can take up to five business days to process. Withdrawals are processed within one business day for e-wallets and three to five business days for bank transfers.
5. Currency Options – Deriv accepts deposits in a range of currencies, including USD, EUR, GBP, AUD, and more. Traders can choose their preferred currency when opening an account.

Overall, Deriv offers a variety of funding and withdrawal options with competitive processing times and no deposit or withdrawal fees. Traders can choose the payment method that best suits their needs and preferences.

Deriv’ promotions

Deriv regularly offers promotions and bonuses to its traders. These promotions can include deposit bonuses, cashback offers, and other incentives. Here are some examples of the types of promotions offered by Deriv:

1. Deposit Bonuses – Deriv often offers deposit bonuses to new and existing traders. These bonuses can provide traders with additional funds to use in their trading accounts.
2. Cashback Offers – Deriv sometimes offers cashback promotions, where traders can receive cashback on their trading activity. The amount of cashback offered can vary depending on the promotion.
3. Referral Bonuses – Deriv offers a referral program where traders can earn bonuses for referring new traders to the platform. The referral bonus amount can vary depending on the promotion.
4. Trading Contests – Deriv occasionally holds trading contests where traders can compete for prizes by achieving the highest returns on their trades.

It’s worth noting that promotions and bonuses offered by Deriv are subject to terms and conditions, including minimum deposit requirements, trading volume requirements, and expiration dates. Traders should carefully read the terms and conditions of any promotion they wish to participate in to ensure they meet the eligibility criteria and understand the requirements.

Deriv customer support

Deriv offers a comprehensive customer support service to assist traders with any questions or issues they may encounter. Here are the main channels through which traders can access customer support:

1. Live Chat – Deriv’s live chat support is available 24/7. Traders can access the live chat feature through the platform’s website or trading platform.
2. Email Support – Traders can send an email to Deriv’s support team at any time. The support team typically responds within one business day.
3. Phone Support – Deriv provides phone support to its traders. Traders can find the phone numbers for their region on Deriv’s website.
4. FAQs – Deriv provides a comprehensive FAQ section on its website that covers a range of topics, including account opening, funding and withdrawal, and trading.

Deriv’s customer support team is knowledgeable and responsive, and they are equipped to handle a wide range of queries and issues. Traders can contact customer support in the language they prefer, as Deriv offers support in several languages.

Deriv Educational Resources

Deriv provides a range of educational resources to help traders improve their trading knowledge and skills. Here are some of the educational resources available on the platform:

1. Trading Tutorials – Deriv provides a range of trading tutorials that cover various trading topics, including technical analysis, fundamental analysis, risk management, and more. These tutorials are available in video and text format and can be accessed through the platform’s website or trading platform.
2. Webinars – Deriv regularly hosts webinars on a variety of trading topics. These webinars are hosted by industry experts and cover topics such as trading strategies, market analysis, and more. Traders can register for upcoming webinars on Deriv’s website.
3. Trading Guides – Deriv provides a range of trading guides that cover various trading topics, including forex trading, cryptocurrency trading, and more. These guides are available in PDF format and can be downloaded from the platform’s website.
4. Glossary – Deriv provides a comprehensive glossary of trading terms, which traders can use to improve their understanding of trading terminology.
5. Trading Simulator – Deriv offers a trading simulator that allows traders to practice trading in a risk-free environment. The trading simulator provides real-time market data and allows traders to test their trading strategies without risking their capital.

Overall, Deriv’s educational resources are comprehensive and provide traders with the knowledge and skills they need to improve their trading performance. The resources are available in multiple languages, making them accessible to traders around the world.

Pros and cons of Deriv

Pros:

1. User-Friendly Platform – Deriv’s trading platform is easy to use, with a simple and intuitive interface that is suitable for both beginner and experienced traders.
2. Diverse Product Range – Deriv offers a diverse range of trading products, including forex, commodities, cryptocurrencies, and more. Traders can access multiple markets and trading instruments through a single platform.
3. Competitive Trading Fees – Deriv offers competitive trading fees, with low spreads and no commission fees on most trading instruments.
4. Comprehensive Customer Support – Deriv provides 24/7 customer support through various channels, including live chat, email, phone, and FAQs. The support team is knowledgeable and responsive, and they can assist traders with a range of issues.
5. Educational Resources – Deriv offers a range of educational resources, including trading tutorials, webinars, trading guides, and a trading simulator. These resources can help traders improve their trading knowledge and skills.

Cons:

1. Limited Regulation – Deriv is regulated by several offshore regulatory authorities, which may not provide the same level of investor protection as major regulatory bodies such as the FCA or ASIC.
2. Limited Funding Options – Deriv offers a limited range of funding options compared to other online trading platforms. Traders may find it difficult to deposit or withdraw funds using their preferred payment methods.
3. Limited Platform Customization – Deriv’s trading platform has limited customization options compared to other platforms. Traders may not be able to tailor the platform to their specific trading preferences.
4. No MetaTrader Support – Deriv does not support the popular MetaTrader trading platform, which may be a disadvantage for traders who prefer to use MetaTrader.

Overall, Deriv is a user-friendly and competitive online trading platform that offers a range of products and services to traders. However, traders should be aware of the platform’s limited regulation and funding options, as well as its limited customization options and lack of MetaTrader support.

Frequently asked questions about Deriv

Is Deriv a regulated broker?

Yes, Deriv is a regulated broker. It is regulated by several offshore regulatory authorities, including the Malta Financial Services Authority (MFSA) and the Vanuatu Financial Services Commission (VFSC).

What trading platforms does Deriv offer?

Deriv offers several trading platforms, including DMT5, DBot, DTrader, and SmartTrader. These platforms are available in web, desktop, and mobile versions.

What products can I trade on Deriv?

Deriv offers a range of trading products, including forex, commodities, cryptocurrencies, and synthetic indices.

What are the funding options available on Deriv?

Deriv offers several funding options, including bank wire transfer, credit/debit card, and e-wallets such as Skrill, Neteller, and FasaPay.

What are the fees for trading on Deriv?

Deriv offers competitive trading fees, with low spreads and no commission fees on most trading instruments. However, there may be fees associated with certain funding and withdrawal methods.

Does Deriv offer educational resources?

Yes, Deriv offers a range of educational resources, including trading tutorials, webinars, trading guides, and a trading simulator. These resources can help traders improve their trading knowledge and skills.

What customer support options are available on Deriv?

Deriv provides 24/7 customer support through various channels, including live chat, email, phone, and FAQs. The support team is knowledgeable and responsive, and they can assist traders with a range of issues.

What countries are restricted from trading on Deriv?

Deriv restricts trading from certain countries, including the United States, Canada, Hong Kong, and Japan. Traders should check Deriv’s website for the latest list of restricted countries.

Can I trade on Deriv using a demo account?

Yes, Deriv offers a demo account that traders can use to practice trading in a risk-free environment. The demo account provides access to all the features and trading instruments available on the live trading platform.

What are the pros and cons of using Deriv?

Some of the pros of using Deriv include a user-friendly platform, a diverse product range, competitive trading fees, comprehensive customer support, and educational resources. Some of the cons include limited regulation, limited funding options, limited platform customization, and no MetaTrader support.

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