Deriv Broker Review | Features, Pros & Cons of Trading with Deriv

DERIV REVIEW

Deriv is a well-known CFD broker serving over 2.5 million customer globally with over $10 billion turn over and 22 years in the business. The brokers offers Forex, CFD Stocks, Commodities, Crypto Currencies and Indices to its customers.

RATING

★★★★★ 4.7/5

4.7/5

FOUNDING YEAR

2000

MINIMUM DEPOSIT

$10

ABOUT DERIV

Deriv is a well-known CFD broker serving over 2.5 million customer globally with over $10 billion turn over and 22 years in the business. The brokers offers Forex, CFD Stocks, Commodities, Crypto Currencies and Indices to its customers. The broker is backed by binary.com famous for offering binary options. It is a multi regulated broker. However, It is not regulated by a Tier 1 Regulator. Instead it is regulated in British Virgin Island, Malta and Malaysia. The broker offers several proprietary platform along with Meta trader platforms. In addition, Deriv also offers auto trading service via its Dbot platform. It is in fact a leader in the auto trading industry.

Founding Year	2000
Regulated	Yes
Rating	4.7/5
Minimum Deposit	$10

DERIV REGULATIONS

Derive is regulated in 4 countries. It holds licenses In Malaysia with the Labuan Financial Services Authority (FCA), in the British Virgin Islands with Financial Services Authority, and in Vanuatu with Vanuatu Financial Services Authority. In Malta, it’s regulated by Malta Financial Services Authority.

Deriv does not have a regulation from a Tier 1 regulator such as UK’s Financial Conduct Authority which is a negative factor while reviewing the broker.

COUNTRY	AUTHORITY
Malaysia	Labuan Financial Services Authority
Vanuatu	Vanuatu Financial Services Authority
British Virgin Island	Financial Services Authority
Malta	Malta Financial Services Authority

DERIV ACCOUNT TYPES

Deriv Offers three types of accounts which are

1- Standard

2- MT5 (DMT5)

3- Synthetic Indices

Each account offers a variety of trading options, including CFDs and binaries through MT5. The GEO location of the trader will determine the account types that are available.

For instance, traders from the EU will have different account options than guests from Singapore or South Africa. Deriv licencing and EU (ESMA) regulation are to blame for this.

The minimum deposit for the standard account is just $10 which lets you trade micro lots. You can trade all products offer by Deriv using the standard account. Likewise the MT5 account enables you to trade using the well-known MT5 platform and it gives you the options to select the products you want to trade.The synthetic indices is a dedicated account for trading the indices only, it too has a minimum deposit requirement of just $10.

DERIV TRADING PLATFORMS

Derive Offers a variety of trading platform which are Deriv MT5, Deriv X, Smart Trader, DTrader, Deriv Go, DBot and Binary Bot. Deriv’s trading platform list is perhaps one of the biggest which includes more than 1 proprietary trading platforms.

The Drive MT5 platform is highly customizable and offers traidng in Forex, CFD stocks, CFD Commodities, and Cryptocurrencies. Deriv Smart Trader platform lets you trade on the go and help make decision easily. Both platform offer over 100 assets to trade

Deriv X is a multi-asset trading platform that can be customized. It provides a versatile trading experience that allows you to customize your trading environment by trading CFDs on forex, commodities, and cryptocurrencies. The total number of assets to trade on Deriv X platform are 100+

DTrader is yet another customizable platform that lets you trade in three 3 easy steps right from the charts. Dtrader offers over 50 assets.

Deriv GO is a mobile trading platform designed specifically for trading multipliers while on the go. Trade forex, indices, and cryptocurrencies to maximise your potential profit while putting no more than your stake at risk.

Dbot is a strategy based platform and it has three in built strategies to start trading. In addition the platform can be customized and traders can easily add more strategies. Lastly binary bot platform is for trading binary options. The platform is highly customize able and can be easily set to follow various parameters to maximize the profits and minimize the risk.

PLATFORM	AVAILABILITY
Proprietary Platform	Yes
MT4/MT5 (Windows/MAC)	Yes
Mobile Platform (Android/IOS)	Yes

DERIV LEVERAGE

Deriv provides variable leverage up to 1:1000. This enables users to take larger position sizes by putting down a small deposit, known as margin, in order to maximize potential returns. Margin requirements and leverage levels differ depending on the account and jurisdiction from which you open an account. In the EU, for example, regulations limit retail traders’ use of leverage on major currency pairs to 1:30.

PRODUCT	MAX LEVERAGE
FOREX	1:1000
COMMODITIES	1:200
CRYPTO	1:20

DERIV PRODUCTS

Derive provides a relatively small list of products compared to other brokers. It includes over 30 currency pairs, CFD Stocks, cryptocurrencies, CFD indexes, commodities, precious metals, and energy.

The currency pairs include almost all the major and minor currency pairs which gives the traders a better choice to trade and profit.

The equity list is not very huge and the brokers offers only a limited CFD equities including the indices. Lastly the list of binary options is quite long and it really adds the value to Deriv’s efforts to bring multi asset under one trading platform or account.

PRODUCTS	AVAILABILITY
Multi Assets	Yes
Forex	Yes
Crypto	Yes
CFD Stocks	Yes
CFD Indices	Yes
Binary Options	Yes

DERIV SPREAD & COMMISSION

Deriv promises tight spreads starting at 0.5 pips on major currency pairs such as the EUR/USD and GBP/USD. However, the spread is slightly higher on cross currency pairs and CFD products. There are no commissions or fees, and there are no inactivity penalties or deposit/withdrawal fees. Binary.com was also known for its competitive spreads and transparent fee structure.

PRODUCT	SPREAD RANGE
Forex	0.7 - 1.2
Commodities	0.3 - 2.5
Indices	1 - 2.0

DERIV DESPOSIT & WITHDRAWAL METHODS

Deriv offers very easy and speedy withdrawals and deposits methods to its clients. It immediate processes the deposits while withdrawal can take up to three days depending on the method selected by the account holder.

Deposits are immediately processed. Any currency may be used, and the payments will be immediately converted to the base currency you chose when starting the account. The following payment options are accepted.

Deriv offers a wide range of methods to deposit the funds which includes wire transfer, debit/credit card, E-wallets. However it does not accept cryptocurrencies.

In e-wallets Deriv accepts Skrill, Neteller, Web Money, Sticpay etc. For card payments, Deriv offers, Visa, Visa Electron and Mastercard

The minimum amount to withdraw is $10 and there are no fee for receiving the funds accept the wire transfer charges.

METHOD	AVAILABILITY
Credit/Debit Card	Yes
Wire Transfer	Yes
E-Wallets	Yes
Crypto	No

DERIV REVIEW SUMMARY

Derive is one of the oldest broker in the trading industry and it is well reputed. It offers a great number of proprietary trading platform which are highly customizable and no other broker is offering this many proprietary platform. The spread and the commission structure is very reasonable and it gives the traders the ability to even scalp the markets. One of the biggest advantage of trading with Deriv is multi assets. In addition to Forex, commodities, CFD indices, you can also trade crypto currencies and Binary options without switching the broker.

However, the broker does not have a Tier-1 regulation which is a big negative when it comes to funds security. In addition the broker does not offer a very long list of trading assets in it limited to 100+ assets only.

Apart from Tier-1 regulator and limited assets Deriv is a fast progressing broker who has invested hugely in technology to bring various trading platforms and to provide a perfect trading environment.