Deriv Review

Richard Montana | November 17, 2022

Deriv was launched in Malta by Regent Markets Group to make convenient online trading accessible to the masses. They have a wealth of experience spanning over 20 years and provide clients with various trading platforms and apps for convenient access to the financial markets across all of their devices. With Deriv Broker, you can trade a reasonable selection of over 150 financial assets, including forex, stocks, commodities and synthetic indices. You will find plenty of tools and educational resources to help you make informed trade decisions. There is a professional client support team on hand to assist traders. The minimum deposit to get started is relatively low at just $10 whilst demo accounts are available for those of you who just want to get a feel for trading online before making any commitment.

Pros & Cons
  • Good choice of advanced trading platforms and apps
  • Trade forex, stocks, stock indices, and commodities in one place
  • Decent amount of educational resources
  • Practise with a demo account preloaded with unlimited virtual funds
  • Wide variety of convenient deposit/withdrawal options
  • Free API trading solutions
  • Excellent 24/7 customer support
  • Currently do not support crypto trading or payments
  • Limited asset classes compared to other leading brokers
  • No MetaTrader 4 platforms
  • Limited choice of trading account types

Summary

The Deriv Broker specialises in CFD trading products and services. The company has become one of the world’s largest online brokers, offering a wide range of CFD and other derivative contracts on forex, stocks, and synthetic indices to over a million clients worldwide.

I appreciate how long they have been around in the online brokerage industry, where so many companies come and go almost overnight. It can help to give traders peace of mind they are using an established company that is always looking to adapt to implement modern technologies in order to keep on improving their already impressive trading services.

Jean-Yves Sireau, CEO of Deriv, states that: “Innovative thinking has always been the core of our growth strategy. Deriv is continuously working on introducing new products and services to give our clients the opportunity to utilize the latest technology, maximizing their probabilities for success. We put our clients at the centre of everything we do and use all our resources to help them be one step ahead of the market.”

In 1997, Jean-Yves started working on the systems and algorithms that became the foundation of Deriv. Today, after more than 20 years and with over USD 3 billion in turnover, Deriv Group continues on its journey of innovation to give clients access to a wide range of contracts, markets, and apps to trade.

Since 1999, Deriv, a multi-regulated retail trading broker, has continued to provide millions of traders worldwide with access to the global financial markets. Trades are carried out using various trading platforms and app, that include everything you need for comprehensive market analysis and order management.

Beginner traders can also benefit from useful educational resources and a very informative online community where you can learn more about trading online with Deriv broker. This is all backed by the reliable services of a dedicated client support team.

AvaTrade Logo

Our #1 Broker 2022
AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Regulation

When it comes to choosing a brokerage firm to trade online with, regulation is one of the most important things to look out for. Simply put, trading with a regulated broker can give you certain protection that an unregulated broker cannot. This is very important if you care about safety and security, just keep in mind that not all regulators follow the same rules and procedures. Some are more lenient than others and vice versa. Client protection can vary greatly depending on the entity that you open an account with.

The services offered on Deriv.com are provided by the Deriv Group. The group has several subsidiary companies that are licensed to operate Deriv.com in their registered jurisdictions.

Since 1999, the group has served traders around the world with integrity and reliability. They always hold themselves to the highest ethical standards and regulatory requirements.

That being said, in the EU the Deriv brand is operated by Deriv Investments (Europe) Limited, which is licensed and regulated as an Investment Services provider by the Malta Financial Services Authority (MFSA).

Outside the EU, the brand is operated by the following companies with corresponding regulatory authorities, thus:

  • Deriv (FX) Ltd: Labuan Financial Services Authority (LFSA)
  • Deriv (BVI) Ltd: The British Virgin Islands Financial Services Commission (BVI)
  • Deriv (V) Ltd: Vanuatu Financial Services Commission (VFSC)
  • Deriv (SVG) LLC, Hinds Buildings, Kingstown, St. Vincent and the Grenadines (SVGFSA)

Platforms

Deriv MT5 (DMT5)

DMT5 is the MT5 platform provided by Deriv. It is a multi-asset online trading platform with innovative order types designed to give new and experienced traders access to a wide range of financial markets. It was developed by MetaQuotes and gives you access to multiple asset classes — forex, stocks, indices and commodities — on a single platform. Deriv presents the MT5 trading platform in desktop, web, and mobile versions.

You can explore CFDs on Deriv MT5 (DMT5) and enjoy low spreads to help bring down your trading costs when trading the markets. With the calculators and numerous analytical tools available on the Deriv MT5 platform, you’ll also be able to manage your capital and trading positions better.

I like that traders can enjoy zero commission trading on all assets with the Deriv MT5 platform. Plus, you shouldn’t pay any swap charges on overnight positions for selected forex pairs which is an advantage for those of you who are using strategies that can be impacted by swap fees, such as night scalpers.

The MT5 trading signals service allows you to copy the trades of more experienced traders to your MT5 account. Once you’ve subscribed to a signal, the provider’s deals will be automatically replicated on your Deriv MT5 trading account each time they place a trade.

Deriv MT5 (DMT5) Platform

Deriv MT5 (DMT5) Platform

DTrader

This is an advanced trading platform that allows you to trade more than 50 assets in the form of digital options and multipliers on a variety of assets in financial and synthetic markets. You can make a trade on the DTrader platform in 3 simple steps:

  1. Choose an asset
  2. Analyse the chart
  3. Take a position

These contracts are available on DTrader:

  • Multipliers
  • Ups & Downs
    • Rise/Fall
  • Highs & Lows
    • Higher/Lower
    • Touch/No Touch
  • Digits
    • Matches/Differs
    • Even/Odd
    • Over/Under

Keep in mind that some trade types may not be available in certain countries.

DTrader Platform

DTrader Platform

DBot

DBot is a web-based strategy builder for trading digital options. It is a platform where you can build your own trading bot using drag-and-drop ‘blocks’. It allows you to automate your trading strategies without writing codes. This can be a good solution for those of you who are looking to run automated trading strategies to handle all of your trading activity.

DXtrade

The brokers proprietary platform DXtrade (Deriv X) provides traders with a cross-platform service available on the web and as a mobile trading app. The white-labelled version of DXtrade is highly customizable and offers CFD trading on the most popular financial markets – forex, commodities, and cryptocurrencies. The terminal is also equipped with a wide range of trading tools, making it a great choice for both beginners and professional traders. The white-labelled solution offers brokers’ dealers and administrators many of the benefits available from existing bespoke platforms, but with the efficiency of a customizable backend to help set up risk management or segment their traders.

Deriv API

You can use the powerful, flexible, and free Deriv API to build a custom trading platform – for yourself or for your business. The Deriv API gives you full access to all the trading functionalities of DTrader and allows you to build your own comprehensive trading systems and analysis tools. This is a comprehensive all-in-one client library. It enables you to simplify your development processes and get your app up and running faster with the client library of your choice.

With the Deriv API, you’ll be able to:

  • Trade digital options and multipliers
  • Monitor real-time pricing
  • Buy/sell contracts
  • Manage users’ accounts
  • Monitor existing contracts
  • View users’ historical transactions
Deriv API

Deriv API

Tools

The Deriv trading platforms should have enough built-in tools to satisfy even the most demanding traders. You will find plenty of trading tools for analysing the markets, placing and managing orders, all in an efficient manner. It doesn’t matter what type of trading strategy you plan on using, there is probably going to be a tool to help you trade.

Not to mention, the MT5 platform contains a marketplace where you can find thousands of trading tools such as indicators, robots and signals. In addition to the abundance of platform tools, Deriv do provide you with some handy standalone trading calculators to help make your trading more efficient.

Margin calculator

Estimate the margin you need to hold your positions. The result depends on leverage, volume lot, and your DMT5 account balance.

Swap calculator

Calculate the overnight fees for holding any open positions. The fees can be positive or negative depending on your swap rate.

Pip calculator

Find the value of the pips in your trades to manage your risk efficiently.

PnL for margin

Estimate the stop loss and/or take profit levels as well as the pip value for your contract to mitigate your risk when buying or selling a position.

Stop loss and take profit for multipliers

Estimate the level and amount of the stop loss and take profit for your contract to mitigate your risk in case the market price moves against your prediction.

Education

If you are a beginner and new to trading online, chances are that you will be looking for a broker that provides a good selection of learning materials to help you get started. With that in consideration, the Deriv website does contain some relevant educational resources that can help to improve traders’ skills and knowledge. However, they do not quite provide as many trading guides and tutorial videos as some of our best brokers for beginners do.

They include a dedicated help centre where you can find various helpful learning articles and an FAQ section that covers some of the more common questions new clients might have. There is also a trader academy that is packed with informative articles related to trading online and the various products that Deriv offers. Then there is the Deriv community where you can further expand your knowledge and communicate with likeminded traders.

Markets

Deriv broker offers the following financial assets: forex, synthetic indices, stock indices, and commodities. There are around 150+ financial instruments in total which is perhaps OK if you just want to trade some major forex currency pairs and popular stocks, but they are lacking compared to the likes of IG who have around 18,000 markets in comparison. Deriv also do not currently support cryptocurrency trading, but you can refer to our best crypto brokers for companies that do.

However, to their credit, the broker does provide some innovative trading features in terms of synthetic indices and multipliers. You won’t find these available from many other brokers.

CFD Trading

Deriv provides CFD trading. A CFD (contract for difference) allows you to trade on the price movement of an asset, without buying the underlying asset. This is convenient as you can buy or sell financial instruments as and when you like.

On Deriv, you can trade CFDs with tight spreads. The spread is the difference between the buy price and the sell price. The tighter the spread, the lower the cost to enter the market. On Deriv, trading CFDs on leverage lets you pay only a small fraction of the contract’s value and amplify your potential profit, similarly increasing your potential loss.

Synthetic Indices

Deriv’s proprietary synthetic indices simulate real-world market movements. Backed by a cryptographically secure random number generator, these indices are available to trade 24/7 and are unaffected by regular market hours, global events, or market and liquidity risks.

Multipliers

Deriv multipliers combines the upside of leverage trading with the limited risk of options. This means that when the market moves in your favour, you’ll multiply your potential profits. If the market moves against your prediction, your losses are limited only to your stake.

Accounts

Traders are offered various account options depending on the trading platform in use: DMT5 Account (Financial, Financial STP, and Synthetic); DTrader Account, and DBot Account. Demo accounts are available for practice purposes.

I would always start trading on a demo account when starting with a new broker or trading strategy. This gives you the opportunity to see if a broker has suitable conditions for your trading style and allows you to build some confidence in your trading skills before making a financial commitment.

Support

Deriv broker’s client support team is available 24/7 to respond to trader’s general, technical, and account-based inquiries. They can be contacted via email, social media, live chat, or by visiting any of their offices across the globe. It is good they are available around the clock as you may be in a different time zone to a broker which could be an issue if using a broker that is restricted to standard office hours.

Looking around various trading and review websites, I was really impressed to see that the broker if actively responding to the majority of client’s feedback, both good and bad. I think it is always important for a company to address any issues that can arise and provide this information to anyone else who may be considering using their services.

Funding

Traders can deposit and withdraw funds, to and from their Deriv trading accounts, using any of the following payment methods: bank wire transfer, credit/debit cards and electronic payment gateways. E-Wallets and cards allow for quick and convenient account funding whereas bank transfers can take at least a few business days to clear.

These are pretty much the standard you would find from the majority of online brokers, but they are lacking in terms of accepting crypto payments. For that you could consider Axi as an alternative broker because they do support crypto funding.

Compare Broker Features

Compare Brokers (vs Our Top 3 Brokers)
This BrokerAvaTradeIGIC Markets
Founded200619742007
RegulatedADGM FRSA, ASIC, BVIFSC, CBI, FFAJ, FSCA, IIROC, JFSAASIC, BaFin, CFTC, DFSA, FCA, FINMA, FMA, FSA, FSCA, JFSA, MAFF, MAS, METI, NFAASIC, CySEC, FSA, SCB
Min. Deposit$100$250$200
CommissionFrom $0From $0From $0
SpreadsFixedVariableVariable
Leverage1:4001:2001:500
InstrumentsForex, Commodities, Crypto, Stocks, Indices, Options, Bonds, ETFsForex, Commodities, Crypto, Stocks, Indices, Options, Bonds, ETFsForex, Commodities, Crypto, Stocks, Indices, Bonds
PlatformsMetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTradeMetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX APIMetaTrader 4, MetaTrader 5, cTrader
FundingBank Transfer, Credit/Debit Card, E-WalletsBank Transfer, Credit/Debit Card, E-WalletsBank Transfer, Credit/Debit Card, E-Wallets
TradeTradeTradeTradeTradeTradeTradeTrade

Conclusion

I think that Deriv is a good brokerage firm for anyone who is looking to trade CFDs online and wants to experiment with some unique trading instruments that you probably won’t find anywhere else. Clients can trade in confidence knowing that Deriv is regulated in multiple jurisdictions and have a responsive customer support team on hand to help them 24/7.

It doesn’t matter what your prior experience levels is as they provide traders with various user-friendly platforms for trading multiple financial assets online, including forex, stocks, indices and commodities. However, they are lacking in terms of crypto trading and payments.

Those of you who are new traders can benefit from a host of free educational resources and demo accounts to practice trading online and get a feel for the provided trading platforms. There are several favourable trading conditions, which includes STP execution, tight spreads and flexible leverage.

Deriv Logo

$10

Deriv is a multi-asset brokerage where you can get simple, flexible and reliable access to the financial markets to trade forex, stocks, indices, and commodities.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

About the Author

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Richard Montana
Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.

Review Methodology

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.