Deriv
Pros and Cons
Pros
- Regulated by the Malta Financial Services Authority (MFSA) and other authorities
- Diverse trading instruments including forex, commodities, and synthetic indices
- Multiple proprietary trading platforms with advanced tools
- 24/7 customer support available via live chat and other channels
- Low minimum deposit requirement starting at $50
Cons
- Limited regulatory oversight compared to top-tier authorities
- Restricted access to certain markets and instruments
- Insufficient educational resources for traders
- No phone support available for immediate assistance
- Inactivity fee applied after 12 months of no trading activity
Basic Information
User Reviews
Deriv Overview
Deriv is a forex broker based in Malta, established within the last 5 to 10 years. Operating under the full company name Deriv (FX) Ltd, it offers a range of trading services and is regulated by the Malta Financial Services Authority (MFSA). This regulatory oversight ensures that Deriv adheres to stringent operational standards, providing a level of security for its clients. With a focus on transparency and integrity, Deriv aims to deliver a reliable trading environment for its users across various markets.
As a broker, Deriv specializes in offering diverse trading instruments, including forex, commodities, and synthetic indices. It features multiple proprietary trading platforms designed to enhance the user experience, equipped with advanced tools and charting options. Customer support is available 24/7, allowing traders to seek assistance whenever needed. Deriv differentiates itself in the market by emphasizing user-friendly technology and a commitment to customer satisfaction, making it an appealing choice for both novice and experienced traders looking to engage in forex trading.
Is Deriv Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Malta Financial Services Authority (MFSA) | Malta | Segregated Funds, Compliance with EU Financial Standards |
| Labuan Financial Services Authority (LFSA) | Malaysia | Segregated Funds |
| British Virgin Islands Financial Services Commission (BVI FSC) | British Virgin Islands | Segregated Funds |
| Vanuatu Financial Services Commission (VFSC) | Vanuatu | Segregated Funds |
| Financial Services Commission (FSC) | Mauritius | Segregated Funds |
Is Deriv Regulated and How Are Client Funds Protected?
Deriv is a regulated broker, overseen by multiple financial authorities including the Malta Financial Services Authority, Labuan Financial Services Authority, and others. This regulatory status enhances the safety and security of client funds through compliance with strict operational standards. Client funds are protected through measures such as the segregation of funds, which ensures that client deposits are kept separate from the broker’s operating funds. This practice is essential for safeguarding traders’ investments and provides a layer of security against potential financial difficulties faced by the broker. Additionally, Deriv adheres to anti-money laundering regulations, further fortifying the integrity of its operations. While the broker operates under various international licenses, the level of oversight can vary, with European clients benefiting from stricter regulatory standards. Overall, Deriv presents itself as a safe option for traders seeking a reliable trading environment.
Trading Products and Services
What Trading Instruments Does Deriv Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | |
| Commodities | Gold, Oil | |
| Indices | S&P 500, NASDAQ | |
| Stocks | US, UK | |
| Cryptocurrencies | BTC, ETH |
Deriv offers a diverse range of trading instruments across multiple asset categories, including forex, commodities, indices, stocks, and cryptocurrencies. This extensive selection allows traders of all experience levels, from beginners to seasoned professionals, to engage in various trading strategies tailored to their personal investment goals. The availability of different asset types supports portfolio diversification, enabling traders to adapt their strategies according to market conditions. By catering to a wide array of trading preferences, Deriv ensures that users can navigate the markets confidently and effectively, enhancing their overall trading experience.
Account Types and Trading Conditions
What Account Types and Fees Does Deriv Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Standard Account | Novice and Intermediate Traders | User-friendly platform with access to various markets | Low minimum deposit, suitable for general trading |
| Financial Account | Forex and Commodity Traders | Tighter spreads on major instruments, no commissions | Best for those focusing on traditional financial markets |
| Financial STP Account | Professional Traders | Direct market access with straight-through processing | Designed for scalping and advanced trading strategies |
| Swap-Free Account | Islamic Traders | No overnight interest charges, compliant with Islamic law | Requires request for activation, admin fee after 3 days |
| Zero Spread Account | Scalpers and High-Frequency Traders | Ultra-tight pricing with fixed commissions | Ideal for those needing precise entries and exits |
| Gold Account | Precious Metal Specialists | Optimized conditions for trading gold and other metals | Not suitable for forex or synthetic indices trading |
Account Opening Process
To open a Deriv trading account, follow these steps: visit the Deriv website and navigate to the account registration section. Begin by entering your personal information, including your email address. Choose your desired account type and agree to the terms and conditions. After setting a secure password, submit your identity verification documents, such as a government-issued ID and proof of address. Once your identity is verified, you can fund your account using various payment methods and start trading. Additionally, you have the option to upgrade to a professional account later if your trading needs change.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| CFDs (S&P 500) | 0.6 | $0 | Competitive pricing for indices |
| CFDs (Gold) | 0.6 | $0 | Low-cost trading for commodities |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
In addition to trading fees, clients should consider other costs that may apply: deposit and withdrawal fees may vary depending on the payment method used. Inactivity fees could be charged if no trading activity occurs for a specified period. Platform usage fees are not applicable, and overnight interest charges (swap rates) may apply unless using a swap-free account. Currency conversion fees may also apply for deposits or withdrawals in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Deriv Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| Deriv MT5 | Windows, macOS, iOS, Android | Two-factor authentication, multiple order types, price alerts, advanced charting tools | Demo account, API access |
| Deriv cTrader | Windows, macOS, iOS, Android | One-click trading, market search, push notifications, copy trading | Demo account, VPS |
| Deriv X | Windows, macOS, iOS, Android | Customizable interface, symbol lookup, technical indicators, economic calendar | Demo account, API access |
| Deriv Go | iOS, Android | Secure login, price alerts, easy access to trading tools | None specified |
The Deriv MT5 platform is ideal for advanced traders seeking a comprehensive range of tools and features, while the cTrader offers a fast trading experience with built-in copy trading capabilities. Deriv X provides a customizable and user-friendly interface for all types of traders, and the Deriv Go mobile app enables convenient trading on the move. All platforms emphasize secure logins, fast order execution, real-time alerts, and efficient market search tools, ensuring an effective trading experience across devices.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min 50, Max 20k/day | USD, EUR, GBP |
| Credit/Debit Card | Instant | No platform fee | Min 50, Max 10k/day | USD, EUR |
| e-Wallet (e.g., Skrill, Neteller) | Instant | No platform fee, 1.5% charge for withdrawals | Min 10, Max 5k/day | USD, EUR, GBP |
| Cryptocurrency | Instant | No platform fee | Min 50, Max 10k/day | BTC, ETH |
Minimum Deposit
Deriv’s minimum deposit requirement is typically set at $50. However, this amount may vary depending on the chosen payment method and account type, providing flexibility for different traders.
How to Withdraw
- Log in to your Deriv account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the withdrawal amount, ensuring it adheres to the limits specified.
- Complete any required verification steps.
- Submit your withdrawal request and await confirmation.
Customer Support
Deriv Customer Support Overview
Support Channels
Deriv offers several convenient ways for customers to reach out for assistance. The main support channels include:
- Email: Clients can send inquiries via email for detailed assistance.
- Live Chat: Available 24/7, this feature allows for real-time support, enabling customers to resolve issues quickly.
- Telephone: Clients can call for immediate assistance, depending on their location.
- Social Media: Deriv is active on platforms like Facebook, Twitter, and Instagram, where customers can ask questions and receive support.
Service Availability
Deriv’s customer support is available 24/7, ensuring that help is accessible whenever needed. The support team can communicate in multiple languages, providing assistance tailored to clients’ linguistic preferences.
Frequently Asked Questions
Yes, Deriv is a regulated broker overseen by multiple financial authorities, including the Malta Financial Services Authority (MFSA). Client funds are protected through measures such as the segregation of funds, ensuring that client deposits are kept separate from the broker’s operating funds. This enhances the security of traders’ investments and ensures compliance with strict operational standards.
Deriv offers a diverse range of trading instruments across multiple asset categories, including forex, commodities, indices, stocks, and cryptocurrencies. This extensive selection allows traders of all experience levels to engage in various trading strategies tailored to their investment goals.
Deriv provides several account types, including Standard, Financial, Financial STP, Swap-Free, Zero Spread, and Gold Accounts. Each account is tailored to different user groups, from novice traders to professionals, offering features such as user-friendly platforms, tighter spreads, and optimized conditions for specific trading strategies.
Deriv offers several support channels, including email, live chat available 24/7, and telephone assistance depending on your location. Customers can also reach out through social media platforms like Facebook, Twitter, and Instagram for inquiries and support.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.