Deriv logo

Deriv Broker Review

Joshua Otwori
Author

Deriv.com stands out as a cost-effective broker with a diverse range of assets, serving more than 2.5 million clients worldwide. Requiring only a minimum deposit of $5, the company provides CFDs, multipliers, and exclusive synthetic products not available elsewhere. Deriv offers its proprietary charting software and the widely-used MetaTrader 5 platform for the benefit of its clients.

                  Company Details

After two decades of serving retail clients, Binary.com has undergone a rebranding to the revamped Deriv. The platform introduces an expanded product range, an improved user experience, and a fresh new logo.

In a phased transition, the over one million customers of Binary.com, responsible for 43 million trades monthly and $6 million in monthly withdrawals, have migrated to Deriv.com.

Under the new brand, the global brokerage has experienced growth. Deriv now boasts 2.5+ million traders with a total trading turnover exceeding $10 billion. It processes 26+ million monthly withdrawals and executes 114+ million trades each month. The award-winning trading firm also maintains a workforce of 1000+ employees across 18 locations, including Cyprus and Dubai.

Deriv.com is regulated in multiple trading jurisdictions. The company holds licenses with:

  • Malta Financial Services Authority
  • Labuan Financial Services Authority
  • Vanuatu Financial Services Commission
  • British Virgin Islands Financial Services Commission
🗺 Country of regulationBritish Virgin Islands, Malta, Labuan, Vanuatu
💰 Minimum Deposit$5
💰 Trading PlatformsDeriv Trader, MT5
💰 Instruments
CFDs, Multipliers, Forex, Stocks, Indices, Commodities
💰 Account CurrenciesUSD, EUR, GBP, AUD
💰 Payment OptionsNeteller, Visa, Skrill, WebMoney, FasaPay, Perfect Money, Diners Club, 1ForYou, Banxa, Paytrust, Wire Transfer, Mastercard, Credit Card, JCB Card, Sticpay, Trustly, ADVcash, Paysafecard, AstroPay, Maestro, Airtm, Boleto
🕖 Time to open an account1 day
🎮 Demo account providedYes
 
 
Binary Options Trading

Deriv.com provides high-quality binary options for both conventional and emerging financial markets, featuring payouts of up to 50,000 USD. These binary options are accessible around the clock, 365 days a year, on a secure platform supported by responsive customer service.

Forex Trading

Customers have the flexibility to take both long and short positions on various major, minor, and exotic currency pairs. Competitive spreads of 0.5 pips on EUR/USD are offered, just slightly behind the 0.4-pip spreads found on alternative platforms such as Alpari. Forex CFDs can be accessed through MT5, and multipliers are available on the user-friendly DTrader platform provided by the broker.

Stock Trading

Engage in speculation on prominent stocks such as IBM, Netflix, and BMW, as well as equity indices like the S&P 500. Deriv provides extended hours trading, available for up to 18 hours a day on shares, catering to experienced day traders seeking to leverage dynamic opportunities in the stock market.

CFD Trading

Engage in CFD trading on well-known markets, including the broker’s proprietary synthetic indices accessible around the clock. Technical traders have access to a variety of charting tools, featuring over 20 indicators within the Deriv Trader platform. New users can swiftly open an account and commence CFD trading without delay.

Crypto Trading

Deriv.com maintains an extensive collection of 30+ crypto pairs, surpassing the offerings of our primary competitor, IQ Cent, by more than twofold. A leverage of 1:2 is also provided, allowing the amplification of potential returns. Additionally, there are no commissions, making it an ideal choice for novice day traders.

Copy Trading

Deriv enables customers to mirror the positions of seasoned traders by utilizing signals on DMT5. Signals are delivered in real-time, providing the flexibility to decide whether to execute trades in your personal account. The noteworthy aspect is that the copying process is entirely automated, making it particularly advantageous for beginners seeking a hands-off approach.

✓ Pros

  • Traders have the flexibility to employ multipliers ranging from 1 to 30, incorporating take profit, stop loss, and deal cancellation parameters.
  • A variety of prompt deposit and withdrawal methods are available, characterized by zero payment fees and low minimum deposits.
  • The free demo account serves as an excellent platform for practicing short-term trading strategies, and no registration is necessary.
  • Deriv consistently provides prompt and reliable 24/7 support, with the WhatsApp service offering particular convenience.
  • Both novice and seasoned day traders can utilize a diverse selection of 20+ technical indicators in Deriv Trader, compared to 30+ in MT5.
  • The modest $5 minimum initial deposit caters to those operating on a tighter budget.

✗ Cons

  • The available copy trading tools and analysis features are restricted compared to alternatives such as IQ Cent.
  • The selection of 100+ assets falls behind some competitors like Quotex, which provides 400+.
  • There is an absence of a loyalty program or rebate scheme for high volume traders.

Trading Platforms

Three trading platforms are available at Deriv.com along with live signals.

DMT5

By incorporating MT5 and its associated analysis and research tools, the platform, while being user-friendly, is rich in features. This combination proves highly beneficial for CFD traders across various expertise levels.

The platform is entirely customizable, allowing traders to configure charts or trade areas to suit their preferences. Multiple trade windows can be simultaneously open, and specific windows can be detached and repositioned as needed.

Navigating asset lists is effortless, with the platform offering over 70 assets, and this list is consistently expanding.

Leverage is flexible, reaching up to 1:1000. Additionally, the platform provides a range of trade sizes, spanning from micro-lots to 30 standard lots.

Crucially, Deriv continually enhances the MetaTrader experience, most recently introducing MT5 WebTrader. This feature allows direct platform access through web browsers, eliminating the need for app downloads.

Deriv review

DMT5

DTrader

The adaptable DTrader platform provides a sleek interface and over 50 tradable assets.

Traders have the flexibility to personalize charts according to their preferences, incorporating technical indicators and widgets.

Customization extends to trade types, offering position sizes starting at just $0.35 and allowing for flexible trade durations ranging from one second to 365 days. Potential payouts also surpass 100%.

The DTrader platform represents a noteworthy advancement in trading platforms, ensuring an optimal user experience.

Is Deriv good or bad?

DTrader

DBot

Deriv.com’s automated trading feature stands out as a frontrunner in the market. The DBot platform provides an uncomplicated process for establishing algorithmic investing.

Bots can be developed at no cost, constructed in five simple steps, and are applicable to over 50 assets. Additionally, traders have access to three pre-built strategies that can be employed as they familiarize themselves with the system.

An added valuable feature is the performance tracker, enabling users to make adjustments to optimize returns.

Deriv.com review

DBot

Assets & Markets

4.5 / 5

Over 100 CFDs are available at Deriv.com spanning:

  • Forex – 30+ FX currency pairs, including majors, minors and exotics
  • Stock indices – Speculate on price movements across the largest US, Asian and European stock indices
  • Synthetic indices – Based on a secure random generator, synthetic indices replicate real-world market conditions and are available 24/7 delivering consistent volatility. Find out more about Deriv’s volatility indices
  • Commodities – Precious metals, such as gold and silver, plus energies like oil are available
  • Cryptocurrencies – Trade popular tokens like Bitcoin (BTC) against the US Dollar (USD)

Deriv.com also provides options and multipliers. Options enable traders to gain profits by accurately forecasting price movements without possessing the underlying asset. For instance, the Rise/Fall option yields profit if you successfully predict whether the exit point will be above or below the entry. There are over a dozen distinct options with various payouts.

Multipliers enable users to trade with leverage, amplifying positions and often involving multiple positions to boost potential returns. Importantly, traders cannot incur losses exceeding their initial deposit, thereby limiting potential risk. Multipliers operate similarly to margin trading.

Spreads & Commissions

Deriv.com assures narrow spreads starting from 0.5 pips on key forex pairs such as the EUR/USD.

The firm does not impose commission charges, and there are no deposit/withdrawal fees or penalties for inactivity.

Binary.com was also known for its competitive spreads and transparent fee structure, maintaining a strong reputation in this regard.

Deriv.com Leverage

Deriv provides adaptable leverage of up to 1:1000.

This flexibility enables users to assume larger position sizes by contributing a modest deposit, referred to as margin, thereby amplifying potential returns.

The specific margin requirements and leverage levels are contingent on the account type and the jurisdiction from which you register.

For instance, within the EU, regulations restrict retail traders to a maximum leverage of 1:30 on major currency pairs.

Mobile App

Account holders have the option to utilize the DMT5 mobile application, available for free download on Android and iOS devices. Our specialists observed that the platform is dependable and user-friendly.

This investing app provides a range of valuable tools, including Market Depth, instant and pending order types, along with netting and hedging modes. The mobile app also supports one-click trading, incorporating built-in indicators and analysis tools.

Furthermore, users can oversee their account and review their trade history.

Deriv.com Payment Methods

When Using Deriv, we were particularly impressed with the breadth of deposit and withdrawal options available.

Deposits

Payment options include:

  • Bank wire transfer – Minimum deposits start at $5 with most payments processed within one working day
  • Credit/debit cards – Visa, Mastercard and Maestro can be used with minimum deposits starting at 10 USD/GBP/EUR/AUD. Deposits made via credit and debit cards are processed instantly
  • E-wallets – Skrill, Neteller, Paysafecard, and WebMoney are all available, amongst others. Minimum deposits start at 5 of your base currency and are processed instantly

Deriv does not charge fees for making deposits.

Withdrawals

You have the option to initiate fund withdrawals from your Deriv.com account using any of the available deposit payment methods.

For bank withdrawals, the process begins at 5 of your base currency, and the transaction is completed within one working day, depending on the provider.

The minimum withdrawal amount via debit/credit cards is 10 of your base currency, processed within one working day. Notably, MasterCard and Maestro are exclusively available to UK traders.

If you opt for an e-wallet withdrawal, the minimum amount is 5 of your base currency, and the processing time ranges from one to two working days.

Similar to deposits, traders are not subject to any fees when withdrawing profits. This characteristic positions Deriv as one of the most accessible and cost-effective brokers for both deposits and withdrawals.

Demo Account

Deriv offers a complimentary demo account, mirroring the real-time ‘live’ trading environment. This allows traders to gain a comprehensive understanding of the actual-money platform.

The practice account serves multiple purposes, including backtesting strategies and facilitating learning about trading. Notably, the demo account is unrestricted by time limits, features an uncapped bankroll, and is accessible on all platforms provided by Deriv.com.

This simulated trading profile serves as an effective means to evaluate the broker’s array of leveraged CFDs and multipliers. Customers can familiarize themselves with trading conditions, spreads, and commissions through this paper trading option.

Bonuses & Promotions

Presently, there are no ongoing promotions. Given the broker’s commitment to minimal minimum deposits and competitive fees, this might not come as a surprise.

Furthermore, due to 2018 EU regulations, Deriv.com is limited in the bonuses it can extend to traders within Europe.

Nevertheless, it is advisable to stay updated by monitoring the Deriv website for any announcements regarding potential sign-up offers and bonuses for existing customers.

Regulation & Licensing

While utilizing Deriv.com, our experienced traders were content with the assurance that Deriv.com stands as a reliable broker, holding regulation in multiple jurisdictions. Within the EU, Deriv operates under the regulation of the Malta Financial Services Authority (FSA).

For traders located outside the EU, the broker holds licenses from the Vanuatu Financial Services Commission (FSC) and the British Virgin Islands Financial Services Commission (FSC). Additionally, Deriv.com adheres to regulation by Malaysia’s Labuan Financial Services Authority (FSA).

In adherence to licensing requirements, customers enjoy the protection of negative balance protection, ensuring they cannot incur losses exceeding their initial deposit. Furthermore, the broker maintains a clear separation between its capital and the funds of traders.

Additionally, financial services compensation schemes are in place to safeguard customers in the event of the broker facing insolvency. It’s important to note that the coverage amount under these compensation schemes varies among regulators and jurisdictions.

Deriv Additional Features

Deriv.com may not provide an extensive array of educational resources akin to many other online brokers. While this might be regrettable, given the value of strategy tips and market commentary, especially for beginners, the platform compensates with certain features.

Despite the limited educational resources, Deriv hosts a vibrant live community forum, fostering interaction among traders. Additionally, there exists a constrained academy section, serving as a learning hub for novices interested in specific markets like forex, commodities, and synthetic indices.

Furthermore, the broker extends a live signals service accessible through MetaTrader 5. Clients can subscribe to experienced traders, replicating their trades and strategies seamlessly. Notably, this service incurs no hidden fees or commissions, offering traders the convenience of automated execution without constant market monitoring. Seasoned traders also have the opportunity to become signal providers, earning additional income from their successful trades.

To subscribe to an MT5 signal, follow these steps:

  1. Select the ‘signals’ tab in the DMT5 platform
  2. Choose a signal provider from the list and hit ‘subscribe’
  3. Amend your trading and risk management parameters
Deriv.com trading signals
DMT5 Signals

Account Types

Deriv offer three types of live account:

  • Standard
  • MT5 (DMT5)
  • Synthetic Indices

Every account provides varied trading options, spanning from binaries to CFDs via MT5. The availability of account types is contingent on the trader’s geographical location.

For instance, EU traders will encounter distinct account options compared to visitors from South Africa or Singapore. This divergence is a result of EU (ESMA) regulation and Deriv licensing.

Deriv Opening Hours

Trading on Deriv.com is accessible around the clock, aligning with the respective market operating hours. Nevertheless, it’s noteworthy that weekend trading typically witnesses a decline in volume, leading to less competitive spreads.

Customer Support

4.1 / 5

Customer support is available 24/7 through:

  • Help Centre – The self-service portal can assist with a range of queries, from account questions to platform issues
  • Live Chat – Live chat support is available direct from the website

Safety & Security

Deriv employs SSL website encryption to safeguard sensitive client data. The security protocols adhere to industry standards, instilling confidence in users that the broker treats their personal information with diligence.

Deriv.com Verdict

Deriv.com represents the most recent iteration of the widely embraced Binary.com. Traders have the option to select from various platforms tailored to their distinct trading styles and goals.

Depositing funds and withdrawing profits is a seamless and prompt process. Additionally, users enjoy the advantages of aligning with a reputable company licensed across multiple jurisdictions. The inclusion of live signals and versatile multipliers further positions Deriv as a broker well-suited for beginners in the trading arena.

The offerings on the Deriv.com website encompass binary options, contracts for difference (“CFDs”), and other intricate derivatives. It’s essential to recognize that trading binary options may not be suitable for everyone. The high risk associated with trading CFDs arises from the dual nature of leverage, which can either enhance gains or amplify losses. Consequently, the products featured on the website may not be appropriate for all investors, given the potential risk of losing the entire invested capital. It is imperative never to invest funds beyond what you can afford to lose and refrain from trading with borrowed money. Prior to engaging in the trading of complex products featured, it is crucial to thoroughly comprehend the associated risks.

FAQs

Can You Still Trade On Binary.com?

Throughout the ongoing transition period, trading remains viable on Binary.com. However, with the gradual phase-out of Binary.com, traders stand to gain by transitioning to Deriv.com sooner rather than later. The development team has streamlined the process to ensure a seamless experience. Notably, Binary.com accounts are essentially mirrored on Deriv.com. Consequently, inputting your Binary.com login credentials into Deriv reveals that your funds, customized account settings, and trading features are fully accessible.

How Do I Open An Account At Deriv?

Creating an account with Deriv.com is a simple process. Click on the red ‘create new account’ box located in the top right-hand corner of the broker’s website, and then proceed to follow the on-screen instructions. New traders are required to provide fundamental contact details and personal information during the registration process.

Does Deriv Offer A Demo Account?

Yes – Deriv.com provides access to a demo account. The trial account offers unrestricted funds and has no expiration period. To open a demo account, no credit card information is required; only an email address is necessary. This complimentary demo account serves as an exceptional means to evaluate the platform and strategies before venturing into a live trading account, encompassing the utilization of the firm’s multipliers.

What Is A DBot?

A DBot, a concise term for a Deriv Bot, refers to the automated trading system provided by Deriv.com. The DBot platform encompasses pre-constructed algorithms and provides a user-friendly guide for crafting your custom bot.

How Is My Money Protected At Deriv.com?

User funds are maintained distinctly from the broker’s own capital. Consequently, in the event of insolvency, the safeguarded separation ensures the protection of user funds, which will be returned.

What Is The Difference Between Deriv.com And Binary.com?

Deriv.com represents the most recent transformation and update of the Binary.com brand. The shift from Binary.com to Deriv.com is a gradual process, wherein Binary.com is progressively being replaced. Traders from Binary.com can seamlessly access their accounts and funds on the Deriv.com platform using their initial login credentials.

Top 3 Alternatives to Deriv.com

Compare Deriv.com with the top 3 similar brokers that accept traders from your location.

  1. World Forex – World Forex operates as an international broker registered in St Vincent and the Grenadines. The broker provides commission-free trading with a minimum deposit of $1 and leverage of 1:1000. Additionally, digital contracts are accessible, providing newcomers with a simple method to engage in speculation on well-known financial markets.
    Go to World Forex
  2. Videforex – Videforex provides entry to stock, index, crypto, forex, and commodities markets through binary options and CFDs. The user-friendly proprietary platform, mobile app, and integrated copy trading cater to new and casual traders. Additionally, the market analysis tools and trading contests offer effective means to enhance your trading proficiency.
    Go to Videforex
  3. BinaryCent – BinaryCent operates as an unregulated broker specializing in binary options trading. It provides 24/7 trading options for forex, cryptocurrencies, and stocks, featuring payouts of up to 95%. Despite its absence of regulation, the broker prioritizes client security by safeguarding client funds in European banks. Additionally, BinaryCent extends the offering of CFDs with substantial leverage, reaching up to 1:500.
    Go to BinaryCent

Deriv.com Comparison Table

Compare Deriv.com With Similar Brokers
 Deriv.comWorld ForexVideforexBinaryCent
Rating4.443.63.5
MarketsCFDs, Multipliers, Forex, Stocks, Indices, CommoditiesForex, CFD Stocks, Metals, Energies, Cryptos, Digital ContractsBinary Options, CFDs, Forex, Indices, Commodities, CryptoForex, Stocks, Commodities, Crypto
Demo AccountYesYesYesYes
Minimum Deposit$5$1$250$250
Minimum Trade0.01 Lots0.01 Lots$0.01$0.01
RegulatorsMFSA, LFSA, VFSC, BFSCSVGFSAVFSC
Bonus100% Deposit Bonus20% to 200% Deposit Bonus20% – 200% deposit bonus
EducationNoNoNoNo
PlatformsDeriv Trader, MT5MT4, MT5TradingViewOwn
Leverage1:10001:10001:5001:500
Payment Methods2210812
VisitVisitVisitVisitVisit
ReviewWorld Forex
Review
Videforex
Review
BinaryCent
Review

Compare Trading Instruments

Compare the markets and instruments offered by Deriv.com and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Deriv.com Trading Instruments
 Deriv.comWorld ForexVideforexBinaryCent
Binary OptionsYesYesYesYes
Expiry Times15 seconds to 365 days1 minute – 7 days5 seconds – 1 month5 seconds – 30 days
Ladder OptionsYesNoNoNo
Boundary OptionsYesNoNoYes
CFDYesYesYesYes
ForexYesYesYesYes
StocksYesYesYesYes
CommoditiesYesYesYesYes
OilYesYesYesYes
GoldYesYesYesYes
CopperNoNoYesNo
SilverYesYesNoYes
CornNoNoNoNo
CryptoYesYesYesYes
FuturesNoNoYesNo
OptionsYesNoNoYes
ETFsNoNoNoNo
BondsNoNoNoNo
WarrantsNoNoNoNo
SpreadbettingNoNoNoNo
Volatility IndexYesNoNoNo
Scroll to Top