Deriv Review – Unbiased Pros and Cons Revealed - ☑️ (2022) (2024)

Overall, Deriv formally known as Binary.com was founded in 1999 by Binary Group and is a valued name in the binary options trading business. During the transition, traders will be able to trade on Binary.com. But as Binary.com will be phased out, traders can benefit from moving over to Deriv.com.

Deriv at a Glance

Choose your quick section of ourDeriv reviewbelow.

Deriv Review – A Key 20 Point Quick Overview

1. ✅Deriv at a Glance
2. ✅Who is Deriv
3. ✅Deriv Sign-up Bonus
4. ✅Deriv Minimum Deposit
5. Deriv Account Types
6. Deriv Account Features
7. How to open a Deriv account – Step by step
8. Deriv Demo Account
9. Islamic Account
10. Deriv Fees and Spreads
11. Deriv Deposit and withdrawals
12. Deriv Trading Platforms
13. Top Countries by Traders – Similar Web
14. Deriv vs DeltaStock vs Alvexo – A Comparison
15. Deriv Customer Reviews
16. Deriv’s Current Popularity Trends
17. Deriv Pros and Cons
18. Conclusion
19. Disclaimer
20. Frequently Asked Questions

Deriv can be described as a company that’s the latest development of Binary.com which is widely known and extremely popular.

Who is Deriv

According to research in South Africa, Deriv is the rebrand of the company, Binary.com. The platform provides an expanded product range, an improved user experience, plus a glossy new logo.

In a gradual transition, Binary.com’s over one million customers, responsible for 43 million trades each month and $6 million in monthly withdrawals, will migrate to Deriv.com

Deriv Sign-up Bonus

Deriv does not offer a sign-up bonus, a deposit bonus, or a welcome bonus is offered to traders who register a real account with Deriv. Even though Deriv does not offer bonuses, rewards, or any other promotions, traders should not be discouraged by this. The broker still offers attractive trading conditions.

Through these bonus offers brokers often attempt to draw the new customers to partake in trading activities. When offering a welcome bonus or anything of this kind, the traders will receive some money back. This will depend on the initial deposit made by the trader.

Deriv Minimum Deposit

Deriv has a minimum deposit requirement of only $ 5. This minimum deposit amount is equivalent to 75 ZAR at the current exchange rate between the US Dollar and the South African Rand at the time of writing.

Deriv Account Types

Deriv offers clients a choice between three live account types, namely Standard Account, Financial STP account, and a Synthetic account. It also offers the option to open a demo account but does not offer the option of opening an Islamic Account.

Traders will find that through these live accounts, Deriv offers competitive trading conditions along with comprehensive solutions and services.

Deriv Account Features

Standard Account

The Standard Account offers both new and experienced traders the ability to trade commodities, cryptocurrencies, major (standard and micro-lots), and minor currency pairs with high leverage of up to 1: 1000.

Financial STP Account

The Financial STP account allows you to trade major, minor, and exotic currency pairs with tight spreads and higher trade volumes.It is a 100% A Book account where traders’ trades are passed straight through to the market which gives traders direct access to forex liquidity providers.

Synthetic Account

This account is audited for fairness by an independent third party and allows traders to trade contracts for difference (CFDs) on synthetic indices. Leverage is offered at a maximum of 1: 1000 with a margin call at 100% and stop-out level at 50%. All the account types only require a minimum deposit of $ 5 and are available for traders 24/7 which includes customer services.

How to open a Deriv account – Step by step

To register for, and set up a liveaccountwith Deriv, traders can follow these steps:

• Step 1: Navigate to the Deriv trading website

Navigate to the Derive MT5 trading platform website and select the link ‘Create ‘live account’ tab to have full options for the Deriv live trading accounts.

• Step 2: Register your email address

Traders will be redirected to a page where they will be asked to provide an email address so to open a liveaccount. Next, they must agree to the terms and conditions of Deriv.

• Step 3: Start trading

On clicking on ‘Create account’ it is immediately done, and traders can start to trade by checking their email for credential log-in details. Traders also have the option to use the demo account on your Binary.com account if the trader is registered on one.

Deriv Demo Account

Deriv offers traders the option of opening a Demo Account which can be utilized in many ways,With Deriv signing up for a demo account is easy and hassle-free and can be done within a few minutes directly from the homepage of the broker.

It is a free account and there is no limit to the virtual amount available to practice trading. The demo account has the same features like the live account type and gives traders the opportunity to practice trading without any risk involved.

Islamic Account

The purpose of an Islamic Account is that it caters specifically to Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.

Unfortunately, Deriv does not offer an Islamic Account to Muslim traders who follow Sharia law. These changes are as per the broker’s discretion and/or changes in market conditions.

Deriv Fees and Spreads

Deriv’s offers tight spreads that start from 0.5 pips on EUR/USD. It is not clear on the broker’s website whether it charges any commission for trade executions, but brokers usually collect a brokerage fee from the spreads. Some reviews state that trade commissions start from 0,015% for forex and CFDs.

Deriv Deposit and withdrawals

When making use of any of the payment methods, Deriv does not charge any deposit fees. Traders must, however, ensure that they verify whether their financial institution waives its own fees as there may be additional fees payable.

When compared with other brokers, the minimum deposit that Deriv requires when registering a live account is low. Deriv offers traders the following payment methods which can be used when making deposits:

Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done in the same ways, but sometimes differ. In the case of Deriv, the following methods and minimum deposits are required: Minimum deposits start at just $5 with most deposits processed instantly.

Deriv Trading Platforms

The forex trading platform provided by Deriv to its clients is in essence the software to carry out their trades. Some brokers provide only one, others quite a few platforms. A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.

Deriv provides three trading platforms along with Binary.com’s SmartTrader system.

DMT5

Integrating MT5 and the related analysis and research tools, the platform is easy to use but feature-rich. It presents a great combination for traders at all levels.

DTrader

The customizable platform provides a clean interface and 50+ tradable assets.

DBot

The DBot platform provides an uncomplicated setup using algorithmic investing. Trading bots are free to develop, can be built in five steps, and can be used on over 50 assets.

Top Countries by Traders - Similar Web

Deriv vs DeltaStock vs Alvexo - A Comparison

Deriv Customer Reviews

Deriv is best platform I try many of…

Deriv is best platform I try many of platform before coming for Deriv – Makeka

The Best

Fast, simple and secure. – Peter

Its the Best broker that I have ever…

Its the Best broker that I have ever used so far. – Lee Mb

Deriv’s Current Popularity Trends

According to Google Trends, here is an overview of how frequently the search term – “Deriv” is entered into Google’s search engine over a given period of time.

Deriv Pros and Cons

You might also like: Deriv Account Types

You might also like: Deriv Demo Account

You might also like: Deriv Fees and Spreads

You might also like: Deriv Minimum Deposit

You might also like: Deriv Sign up Bonus

Conclusion

Deriv is a legit forex trading company and is a fully regulated and transparent broker with high operational standards, low trading fees, superior service delivery, and helping investors reach their objectives. It caters to all types of traders with different levels of experience.

Traders can choose between several platforms to suit individual trading styles and objectives. The added advantage is this is a reputable company that is strictly regulated within many jurisdictions.

Disclaimer

Deriv warns potential customers that Forex and CFDs trading always carries a high risk and may not be suitable for all investors. Before deciding to trade with Deriv, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.

Deriv warns that margin trading involves the potential for profit as well as the risk of loss and those movements in the price of foreign exchange and commodities are very unpredictable, hence Deriv cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.

Frequently Asked Questions

Is Deriv a legit broker?

Yes, Deriv is regulated by VFSC Vanuatu Financial Services Commission.

What type of broker is Deriv?

Deriv is a Forex broker that offers CFDs and other derivatives on forex, indices, cryptocurrencies, commodities, and synthetics.

What are the advantages of trading with Deriv?

Deriv offers a low minimum deposit of $5 which is advantageous compared to other forex brokers, as well as various Forex currency pairs, including majors, minors, and exotics.

Which platforms are supported by Deriv?

Deriv provides the following popular trading platforms:

com’s SmartTrader system.

DMT5

DTrader

DBot

What is the overall rating out of 10 for Deriv?

Derive holds an overall score of 7/10