Full Broker Review: Deriv Minimum Deposit, Features, Is it Safe?

Deriv is one of the most recognized affordable brokers in the world. It offers very competitive spreads and offers various trading instruments. The Deriv minimum deposit is only $5, which makes Deriv a favorite among budget-conscious traders.

Read below for the full broker review of Deriv.

What is Deriv?

Deriv is one of the world’s largest brokers, offering access to CFDs, forex, stocks, indices, cryptocurrencies, and commodities. Established in 1999, it was initially known as Regent Markets Group, later rebranded to Binary. com, and finally renamed Deriv. com.

Its founder, Jean-Yves Sireau, created the platform to make trading accessible to traders of all experience levels.

Today, the platform is one of the largest online trading platforms, with over 2.5 million clients worldwide and over 187 million monthly trades.

The broker also employs over 1,350 people across 16 countries that continue to provide a “user-friendly trading experience.”

Where is Deriv regulated?

Four low-tier regulators and two mid-tier regulators regulate Deriv. However, any top-tier broker does not regulate Deriv.

Below is a list of Deriv’s regulators and their license numbers for your reference.

Regulator	Tier	License No.
Malta Financial Services Authority	Mid-tier	IS/70156
Labuan Financial Services Authority	Mid-tier	MB/18/0024
British Virgin Islands Financial Services Commission	Low-tier	SIBA/L/18/1114
Vanuatu Financial Services	Low-tier	14556
Mauritius Financial Services Commission	Low-tier	C117017139

Meanwhile, Deriv’s registered office is on the First Floor, SVG Teachers Credit Union Uptown Building, Corner of James and Middle Street, Kingstown P.O., St Vincent and the Grenadines, with Company No. 273.

Deriv Features

Deriv has a wide array of features that can accommodate traders of all experience levels.

Available trading platforms

Deriv offers four different trading platforms based on the instrument you want to trade.

For CFDs, traders can access MT5, cTrader, and Deriv X. For trading options, clients have access to Deriv Trader, Deriv Bot, and Deriv Go.

The Deriv MTF offering is perhaps the most popular for CFD traders, with over 475,000 clients using it. Deriv offers no overnight charges on swap-free accounts and access to over 200+ tradeable assets.

Meanwhile, the Deriv Bot is an automated trading platform where traders can build their own trading bot. This platform requires no coding and has a drag-and-drop interface that can accommodate even the earliest of beginners.

Account Types and Deriv Minimum Deposit

Standard Account

The standard account allows traders to trade derived and financial assets with competitive spreads starting at 0.1 pips and no commission.

For this account, Deriv does not require a minimum deposit.

Zero Spread Account

The zero spread account allows for zero spreads, as the name suggests. It also does not require a minimum deposit, but it does charge a commission fee.

Traders with this account can trade CFDs with fixed trading costs.

Swap Free Account

The Swap Free Account type allows traders to trade without incurring overnight swap charges. This is suitable for traders who follow Islamic finance principles.

Read more: Halal Trading in Forex: Is It Possible?

This account offers the same variety of instruments as the other accounts, including synthetic indices, forex, stocks, indices, cryptocurrencies, ETFs, and 24/7 trading.

However, swap-free accounts are only available for traders under the jurisdiction of St. Vincent and the Grenadines.

Financial Account

The Financial Account is designed for traders who want to access various financial markets.

The Deriv Financial Account can trade over 150 assets, including forex, commodities, cryptocurrencies, and major and minor currency pairs.

This account is accessible through the Deriv MT5 platform and is available under the jurisdictions of St. Vincent and the Grenadines, British Virgin Islands, Vanuatu, and Labuan.

Withdrawal Options

Like other brokers, Deriv offers diverse withdrawal options. These include bank wire transfers, credit cards, debit cards, e-wallets such as Skrill and Neteller, and certain cryptocurrencies.

Educational Resources

Deriv clients have access to tutorials, guides, and reference information depending on their account type and platform.

For instance, clients who use the Deriv Bot have unlimited access to tutorials for building and creating a trading bot.

Deriv Reviews Online

Deriv has had a mix of reviews online through various review platforms.

Many users have praised the platform’s user-friendly interface, while many others have voiced concerns about a negative customer service experience and withdrawal delays.

Meanwhile, some traders have noted that Deriv’s educational and research content is limited.

Deriv has a generally positive reputation, but like any global broker, it has areas for improvement.

Is Deriv safe to trade with?

Deriv is generally considered a safe broker with which to trade. For its 25 years in operation, its safety has been backed by regulations from several financial authorities, such as the Malta Financial Services Authority, the Labuan Financial Services Authority, and the Vanuatu Financial Services Commission.

As a trader, it is crucial to research any broker before conducting business with them. While TradersUnited does its best to ensure that our broker reviews are reliable, traders are highly encouraged to practice due diligence!

Here are a few tips to make sure that your chosen broker is trustworthy so you can take care of your investments:

• Verify your broker’s license number through their regulator’s official website.
• Study FSCA legal and regulatory frameworks.
• If your broker is regulated by other authorities, make sure to study up on those, too!
• Double-check fee structures and hidden charges, if there are any.
• Check other verified traders’ reviews of TDMarkets online. Ensure the review platform is legit and that the traders giving the review are verified! Some platforms have manufactured reviews.

By taking these steps, you can protect your investments and make informed decisions.

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