Deriv Review 2024: Pros, Cons and Key Features

Deriv.com Review

Editorial Staff

Regulation and Trust

Customer Support

Fees and Costs

Asset and Markets

Accounts and Banking

Platform and Tools

Review Summary

Deriv is a user-friendly online trading platform that offers a wide range of financial instruments, advanced trading tools, and multiple account types, making it suitable for both novice and experienced traders. While it provides a demo account for practice and is regulated by several authorities, some users may find limited educational resources and withdrawal fees to be drawbacks.

4.8

VISIT DERIV

Deriv is a cutting-edge online brokerage built on the solid foundation of its predecessor, Binary.com. The platform provides access to a wide range of financial instruments, including CFDs, forex, and binary options. With multiple trading platforms at your disposal such as the user-friendly DTrader, the powerful MT5 terminal (DMT5), and the innovative automated trading tool, DBot—Deriv caters to both beginner and seasoned traders alike.

In this Deriv review, we look at everything Deriv has to offer, including its trading apps, minimum deposit requirements, available assets, leverage options, and more. Discover what our team of experts has to say about the potential and performance of Deriv.com.

Company Details

After two decades of successfully serving retail clients, Binary.com rebranded to the revamped and improved Deriv The new platform boasts an expanded range of products, a more streamlined user experience, and a sleek new logo to mark the transformation.

In a seamless transition, Binary.com’s vast user base of over one million clients who facilitated 43 million trades each month and withdrew $6 million monthly have shifted to Deriv.com.

Since the rebrand, the global brokerage has seen remarkable growth. Today, Deriv proudly serves over 2.5 million traders, with an impressive trading turnover exceeding $10 billion. The platform processes more than 26 million monthly withdrawals and executes over 114 million trades each month. With over 1,000 employees operating across 18 global locations, including key hubs in Cyprus and Dubai, Deriv continues to uphold its award-winning reputation in the trading world.

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

Trading Platforms

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

DMT5

Deriv seamlessly integrates the MetaTrader 5 (MT5) platform, alongside robust analysis and research tools, offering a user-friendly yet powerful trading experience. Whether you’re a beginner or an advanced trader, the platform provides a balanced mix of simplicity and functionality, making it an ideal choice for CFD trading at all levels.

One of the standout features is the platform’s full configurability. Traders can customize their charts and trading environments to suit their preferences. Multiple trade windows can be opened simultaneously, and individual windows can be detached and positioned freely, providing enhanced flexibility.

Navigating the extensive list of assets is straightforward, with over 70 financial instruments currently available—and that number continues to grow.

For those seeking flexible trading conditions, Deriv offers leverage of up to 1:1000, with a wide range of trade sizes, from micro-lots to a maximum of 30 standard lots.

Deriv has also enhanced the MetaTrader experience by launching MT5 WebTrader, allowing traders to access the platform directly through their web browsers without the need to download any software—making trading more accessible and convenient.

DTrader

The DTrader platform delivers a sleek, user-friendly interface, offering access to over 50 tradable assets.

Traders can personalize their experience by adjusting charts with various technical indicators and interactive widgets to suit their strategies.

Additionally, the platform allows for extensive customization of trade types, with position sizes starting as low as $0.35 and flexible trade durations ranging from just one second up to 365 days. With potential payouts surpassing 100%, the earning possibilities are significant.

DTrader stands out as a cutting-edge trading platform, designed to offer a seamless and optimized experience for traders of all levels.

DBot

Deriv.com is a top contender in the automated trading space, offering one of the most advanced platforms available. The DBot platform simplifies the process of starting with algorithmic trading.

Users can build bots at no cost, with a simple five-step process, and apply them to trade across more than 50 assets. For beginners, the platform includes three pre-built strategies to help get started confidently.

An added advantage is the performance tracker, which allows traders to monitor and refine their bots to optimize returns.

Assets and Markets

Deriv.com offers access to over 100 CFDs, covering a wide range of markets:

Forex: Trade 30+ currency pairs, including major, minor, and exotic pairs.
Stock Indices: Speculate on price movements across major indices from the US, Europe, and Asia.
Synthetic Indices: Powered by a secure random generator, synthetic indices mimic real market conditions with consistent volatility, available 24/7. Learn more about Deriv’s volatility indices for continuous opportunities.
Commodities: Invest in popular commodities, such as precious metals like gold and silver, along with energy assets like oil.
Cryptocurrencies: Trade well-known digital currencies such as Bitcoin (BTC) against the US Dollar (USD).

Additionally, Deriv.com provides options and multipliers, allowing traders to profit by predicting price movements without owning the underlying asset. For example, with the Rise/Fall option, you earn a profit if you correctly forecast whether the price will end above or below the entry point. With over a dozen options available, traders have flexible opportunities for varying payouts.

In 2024, Deriv also introduced accumulator options, tailored for short-term traders. These options offer potential gains when the broker’s volatility indices remain within a predetermined range. With a low minimum stake of just $1, traders can access growth rates of up to 5%.

Multipliers allow traders to leverage their positions, amplifying potential returns by taking multiple trades. While this enhances profit potential, the risk is controlled, as users cannot lose more than their initial deposit. This built-in protection makes multipliers an appealing option for traders seeking to limit downside risk. Functionally, multipliers share similarities with margin trading, offering a way to boost trading power without exceeding your original investment.

Spreads & Commissions

Deriv.com offers competitive spreads starting as low as 0.5 pips on popular forex pairs, including EUR/USD.

Traders benefit from zero commission fees, and the platform does not impose any charges on deposits, withdrawals, or inactivity.

Similarly, Binary.com earned a solid reputation for its attractive spreads and clear, transparent fee policy.

Deriv.com Leverage

Deriv provides flexible leverage options, reaching up to 1:1000. This allows traders to control larger positions with a smaller deposit, known as margin, potentially amplifying their returns.

Leverage and margin requirements vary based on the type of account and the region in which you register.

For instance, in the EU, regulatory limits cap leverage for retail traders at 1:30 on major currency pairs.

Mobile App

Account holders can access trading through the DMT5 mobile app, available for free download on both Android and iOS devices. Our team found the platform to be reliable and user-friendly, making it ideal for traders on the go.

The app is equipped with a range of valuable features, including Market Depth insights, instant and pending order options, as well as both netting and hedging modes. One-click trading is also supported, alongside built-in indicators and comprehensive analysis tools.

Additionally, users can easily monitor their accounts and review their trading history in real time.

Deriv.com Payment Methods

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

Deposits

Payment options include the following:

Bank Wire Transfer – Minimum deposits start from $5, with most transactions processed within one business day.
Credit/Debit Cards – Visa, Mastercard, and Maestro are accepted, with a minimum deposit requirement of 10 USD/GBP/EUR/AUD. Deposits via credit and debit cards are processed instantly.
E-wallets – Options like Skrill, Neteller, Paysafecard, and WebMoney are available, with minimum deposits starting at 5 in your base currency. These payments are processed instantly.

Notably, Deriv does not charge any fees for deposits.

Withdrawals

You can withdraw funds from your Deriv.com account using any of the available deposit methods.

For bank withdrawals, the minimum amount is 5 in your base currency, with processing times typically within one business day.

Withdrawals via credit or debit cards start at 10 in your base currency and are processed within one working day. However, note that MasterCard and Maestro are available only to UK traders.

For e-wallet withdrawals, the minimum is 5 of your base currency, with transactions usually processed within one to two business days.

As with deposits, Deriv does not charge any fees for withdrawals, making it one of the most accessible and cost-efficient brokers for managing both deposits and withdrawals.

Demo Account

Deriv offers a free demo account that mirrors the real-time live trading environment, allowing users to experience the platform without risking real money.

Traders can use the practice account to backtest strategies or learn the basics of trading. The demo account has no time limit, comes with unlimited virtual funds, and is accessible on all Deriv.com platforms.

This paper trading account is ideal for testing the broker’s range of leveraged CFDs and multipliers. It also helps users become familiar with trading conditions, spreads, and commission structures.

Bonuses & Promotions

At present, there are no active promotions available. Given Deriv’s low minimum deposits and competitive fee structure, this isn’t unexpected.

Additionally, the 2018 EU regulations limit the bonuses that Deriv.com can offer to European traders.

However, it’s always worth checking the Deriv website for updates on potential sign-up offers or bonuses for existing customers.

Regulation and Licensing

While using the broker our, expert traders found Deriv.com to be a trustworthy broker, regulated across multiple jurisdictions. In the EU, Deriv operates under the oversight of the Malta Financial Services Authority (FSA).

For traders outside the EU, the broker holds licenses with the Vanuatu Financial Services Commission (FSC) and the British Virgin Islands Financial Services Commission (FSC). Additionally, Deriv is regulated by the Labuan Financial Services Authority (FSA) in Malaysia.

As part of its regulatory commitments, Deriv offers negative balance protection, ensuring users cannot lose more than their initial deposit. Moreover, the broker maintains client funds in segregated accounts, separate from its capital.

Financial services compensation schemes are also in place to safeguard customers if the broker faces insolvency. However, coverage under these schemes varies depending on the regulator and jurisdiction.

Deriv Additional Features

Deriv.com doesn’t offer the extensive educational resources found with many other brokers, which may be a drawback for beginners who could benefit from strategy tips and market insights.

However, Deriv provides a live community forum where traders can engage with one another. Additionally, there is a limited academy section that offers basic learning materials on specific markets, such as forex, commodities, and synthetic indices.

The broker also provides live trading signals via MetaTrader 5. Clients can subscribe to experienced traders, allowing them to mirror their trades and strategies. There are no hidden fees or commissions, and traders can save time by not needing to actively monitor the markets or execute trades manually. Seasoned traders also have the opportunity to become signal providers, earning extra income from their successful trades.

To subscribe to an MT5 signal, simply follow these steps:

Open the ‘signals’ tab in the DMT5 platform.
Choose a signal provider from the list and click ‘subscribe.’
Adjust your trading and risk management settings as needed.

Account Types

Deriv offers three types of live trading accounts:

Standard
MT5 (DMT5)
Synthetic Indices

Each account type caters to different trading styles, ranging from binary options to CFDs through MetaTrader 5 (MT5). The availability of these accounts depends on the trader’s geographic location.

For instance, traders in the EU will have different account options compared to those in South Africa or Singapore, due to EU (ESMA) regulations and Deriv’s local licensing.

Pros and Cons of Deriv

Pros	Cons
User-friendly interface	Limited educational resources
Variety of trading instruments	Withdrawal fees for some methods
Multiple account types	Varying customer support response
Advanced trading tools	Complexity for beginners
Mobile app available	Limited charting options
Regulated by multiple authorities	Not all features available in every country
Demo account for practice

Pros

User-friendly platform: Easy navigation and simple layout.
Wide range of instruments: Trade forex, cryptocurrencies, stocks, and commodities.
Multiple account types: Options for beginners and experienced traders.
Advanced tools: Utilize technical analysis and automated trading.
Mobile app: Trade conveniently from your smartphone.

Cons

Limited educational resources: While there are some resources available, beginners may need more comprehensive educational material.
Withdrawal fees: Some payment methods may incur withdrawal fees.

Final Verdict

Deriv.com represents the latest evolution of the highly popular Binary.com, offering traders a variety of platforms tailored to different trading styles and goals.

It’s quick and easy to deposit funds and withdraw profits. Additionally, users can feel confident signing up with a reputable broker that is licensed across multiple jurisdictions. With live signals and flexible multipliers, Deriv is also an accessible and beginner-friendly trading option.

Frequently Asked Questions About Deriv

Is Deriv a regulated broker?

Yes, Deriv is regulated by several authorities, ensuring a safe trading environment.

Can I trade cryptocurrencies on Deriv?

Yes, you can trade cryptocurrencies on Deriv. They offer a range of cryptocurrency options, allowing traders to speculate on the price movements of various digital currencies. The platform typically provides access to popular cryptocurrencies such as Bitcoin, Ethereum, and others through different trading instruments like contracts for difference (CFDs).

What payment methods are accepted by Deriv?

Deriv offers a variety of payment methods to facilitate deposits and withdrawals. Some of the commonly accepted payment methods include:
1)Credit and Debit Cards: Visa, MasterCard, and other major cards.
2) E-Wallets: Options like Skrill, Neteller, and others.
3) Cryptocurrencies: Some deposits and withdrawals can be made using popular cryptocurrencies.
4) Bank Transfers: Direct bank transfers may also be available, depending on your region.
5) Prepaid Cards: Certain prepaid card options might be accepted.
It’s advisable to check the Deriv website or your account dashboard for the most up-to-date information on available payment methods, as these can vary by country and region.

Is there a demo account available?

Yes, Deriv.com offers a demo account that provides unlimited virtual funds and has no expiration date. To open a demo account, users only need to provide an email address—no credit card information is required.
This free demo account is an excellent opportunity for traders to test the platform and experiment with different strategies, including the firm’s multipliers, before committing to a live trading account.

How can I contact Deriv customer support?

You can reach Deriv’s customer support through live chat, email, or their support page on the website.

What Is A DBot?

A DBot, short for Deriv Bot, is the automated trading system provided by Deriv.com. The DBot platform features pre-built algorithms and offers an easy-to-follow guide for creating your trading bot.

Top 3 Alternatives to Deriv.com

In any case, if you are not comfortable with Deriv here are the top 3 similar brokers that offer the same services as Deriv.

1. Quotex

Quotex is an offshore broker registered in St. Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and leverage up to 1:1000. It provides digital contracts, giving beginners a straightforward way to speculate on popular financial markets.

VISIT QUOTEX

2. IQ Option

IQ Option is a trusted broker with multi-asset trading on its user-friendly proprietary platform. The broker provides trading on forex, stocks, cryptocurrencies, indices, commodities, and ETFs with competitive fees and a robust suite of extra features and educational content. You can also open an account with just $10.

VISIT IQ OPTION

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Binomo

Binomo was started in 2017, Binomo offers access to stock, index, crypto, forex, and commodities markets via binary options and CFDs. The proprietary platform, mobile app, and integrated copy trading are user-friendly and well-suited for new and casual traders. Additionally, the market analysis tools and trading contests provide excellent opportunities to enhance your trading skills.

VISIT BINOMO

Deriv.com vs Other Brokers

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We hope this wDeriv review helped you decide whether it’s the right broker for you. Next, you may want to see our guide on how to log in to the Deriv account and our top picks for the best binary brokers.