Deriv was launched in Malta by Regent Markets Group to make online trading accessible to the masses. They have a wealth of experience spanning over 20 years and provide clients with various trading platforms. Clients can trade over 100 financial assets, including forex, indices, commodities, stocks, and more. There is a professional client support team on hand to assist traders.
Deriv Review, Pros & Cons
- Multiple regulations
- Several advanced trading platforms
- Over 100 financial assets
- Educational resources
- No US clients
- Lack of standalone trading tools
- Not the tightest spreads
In this detailed Deriv review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Since 2020, Deriv, a multi-regulated retail broker, has continued to provide traders worldwide with access to the global financial markets. Trades are carried out using various trading platforms that are available in the desktop, web, and mobile versions. They offer three major trade types: Margin trading, Options, and Multipliers. Traders benefit from some educational resources and the services of a client support team.
In the EU, the brand is operated by Deriv Investments (Europe) Limited, which is licensed as a Category 3 Investment Services provider by the Malta Financial Services Authority (license no. IS/70156).
Outside the EU, the brand is operated by the following companies with corresponding regulatory authorities, thus:
- Deriv (FX) Ltd: Labuan Financial Services Authority (license no. MB/18/0024)
- Deriv (BVI) Ltd: The British Virgin Islands Financial Services Commission (license no. SIBA/L/18/1114)
- Deriv (V) Ltd: Vanuatu Financial Services Commission
- Champion Group Ltd: Vanuatu Financial Services Commission
- Deriv (SVG) LLC, Hinds Buildings, Kingstown, St. Vincent and the Grenadines.
The broker states that its services are not available in certain countries, including the USA, Canada, and Hong Kong.
Some Deriv features and products mentioned within this Deriv review may not be available to traders from certain countries because of legal restrictions.
DMT5 is the MetaTrader 5 (MT5) platform provided by Deriv. It is a multi-asset online platform 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, and commodities — on a single platform. Deriv presents the MT5 trading platform in desktop, web, and mobile versions.
This is an advanced trading platform that allows you to trade more than 50 assets in the form of digitals, multiplier, and lookback options.
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.
Deriv Trading Tools
There are no standalone trading tools on the broker’s website at the moment. However, the provided trading platforms should have enough built-in tools to satisfy even the most demanding traders.
The broker’s website contains some relevant educational resources that help to improve traders’ skills and knowledge. They include a ‘Helpcenter’ that contains various learning articles and the FAQs section.
The broker offers the following financial assets: forex, synthetic indices, stock indices, and commodities.
Deriv Accounts & Fees
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.
As broker fees can vary and change, there may be additional fees that are not listed in this Deriv review. It is imperative to ensure that you check and understand all of the latest information before you open a Deriv broker account for online trading.
The 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.
Deriv Deposit & Withdrawal
Traders can deposit and withdraw funds, to and from their trading accounts, using any of the following payment methods: bank wire transfer, credit/debit cards, electronic payment gateways, and cryptocurrencies.
Deriv Account Opening
Account opening at Deriv involves a simple process: click on the ‘Create New Account’ button on the top right corner of the broker’s website; then, follow the on-screen instructions. You can also sign up with Google or Facebook account.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Deriv is a multi-asset brokerage firm that is based in Malta. They provide traders with various platforms for trading multiple financial assets online. Traders benefit from educational resources and a client support team. The broker has competitive trading conditions, including STP execution, tight spreads, leverage of up to 1:1000, and a minimum deposit of $5. The broker is regulated in multiple jurisdictions.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The products mentioned here may be affected by changes in currency exchange rates. If you invest in these products, you may lose some or all of your investment, and the value of your investment may fluctuate. You should never invest money that you cannot afford to lose and never trade with borrowed money.