Deriv Broker Review 2024

Deriv Pros and Cons

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Deriv Review Overview

Is Deriv legit?

Is Deriv a safe broker?

What Is Deriv?

Deriv Broker is an online trading platform that offers a wide range of financial instruments for trading, including forex, commodities, cryptocurrencies, and synthetic indices.
The broker has over 20 years of experience and offers some of the most innovative services on the forex market through its proprietary trading platforms like Deriv X and Deriv Go.
The broker boasts over 3 million clients from all over the world and has won multiple industry awards.

Is Deriv a trustworthy broker?

Yes, Deriv is a legit, regulated and trustworthy broker. Deriv is regulated by several reputable financial authorities, including the MFSA (Malta), LFSA (Malaysia), BVI FSC (British Virgin Islands), and VFSC (Vanuatu).
Broker regulation is important because it shows that the broker adheres to strict operational guidelines that ensure it does not scam its clients.

Deriv Derived Account

The Derived account from Deriv allows you to trade synthetic indices like boom and crash, volatility indices, and jump indices which are only offered by Deriv.
Synthetic indices are designed to copy the movement of real-world assets but are unaffected by real-world events such as news, economic releases, and others.
The Derived account (also known as Deriv synthetic indices account) allows 24/7 trading even during the holidays.
The account offers a variety of volatility levels to choose from, bringing so much convenience to traders.

Deriv Swap-Free Account

The Deriv swap-free account allows you to trade on forex, indices, commodities, and cryptocurrencies without paying any overnight interest fees.
This makes it a good choice for traders who follow Islamic principles, as well as traders who simply want to avoid paying overnight fees.
Deriv swap-free accounts are available on all of the broker's trading platforms, including DTrader, SmartTrader, and DMT5.
The spreads and commissions on swap-free accounts are generally slightly higher than on standard accounts, but this is to offset the cost of the broker providing swap-free trading.

How Do You Open A Deriv Live Account?

This Deriv review found that opening a Deriv real account is straightforward. Follow the steps below.
1. Visit the Deriv live account sign-up page. You will see a page like the one below.

Register Here

2. Enter your email and agree to the terms and conditions. Click on ‘Create demo account‘
3. Confirm your email address and then add your personal details over the next few screens.
4. Once your email address is verified, you will be logged into your Deriv demo account with $ 10,000 in virtual funds that you can use to play around. You can then proceed to open the Deriv real account type you want.

Trading Assets Offered By Deriv

Deriv broker offers over 100 products for trading including:
Forex – Close to 50 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. These are only offered by Deriv.
Commodities
Precious metals, such as gold and silver, plus energies like oil are available
Cryptocurrencies

Deriv Minimum Deposit

Deriv has a minimum deposit requirement of only $ 5 when using e-wallets like AirTM, WebMoney, PerfectMoney, Neteller and Skrill.
Other deposit methods have different Deriv minimum deposits as explained below.
Credit/debit cards – Deriv accepts and processes instantly deposits made via both Visa and Mastercard. The Deriv minimum deposit using credit cards is 10 USD/GBP/EUR/AUD.
Bank wire transfer – Deriv Minimum deposit using bank wire transfer is $10 with most deposits processed instantly.
Cryptocurrency – Deriv accepts cryptocurrencies for deposits. You can use Bitcoin, Ethereum, Litecoin and Tether for deposits. There is no Deriv minimum deposit when using cryptocurrencies, with payments processed in three blockchain confirmations.

Deriv MetaTrader 5 (DMT5)

DMT5 is Deriv's exclusive version of the MT5 platform developed by MetaQuotes Software.
MT5 offers exceptional charting capabilities, a wide range of technical indicators, and advanced order types.
You can access the DMT5 as a downloadable application on desktop and mobile (both Android & iOS). You can also access DMT5 on your browser as WebTrader although this has limited functionality.
Learn more about DMT5

Open an MT5 account

Deriv Broker Review: My Verdict

In conclusion, my experience using Deriv has been that the broker is considered reliable with a wide range of trading instruments and professional trading platforms.
The broker is authorized and regulated by multiple financial regulatory bodies, so provides a high level of security and transparency.
The commission-free trading, and absence of deposit and withdrawal fees make this a cost-effective broker with low trading fees.
The low minimum deposit requirement and demo account option make it accessible for traders of all levels.
Overall, I am satisfied with Deriv’s trading conditions and products. Deriv Broker is a great option for those looking for a reliable and secure broker

The issue of responsibility

Deriv offers complex derivatives, such as options and contracts for difference (“CFDs”). These products may not be suitable for all clients, and trading them puts you at risk. Please make sure that you understand the following risks before trading Deriv products: a) you may lose some or all of the money you invest in the trade, b) if your trade involves currency conversion, exchange rates will affect your profit and loss. You should never trade with borrowed money or with money that you cannot afford to lose.