deriv online broker logo

Deriv broker review and test – Is it a scam or not?

Min. Spread:
Min. Deposit:
5 out of 5 stars (5 / 5)
Starting at 0.015
€/£/$ 5
Deriv Logo ( is a known broker. Recently, the broker had made developments and enhancements to its products and services to better serve its clients. With this event, the firm launched Deriv as its new brand. How does Deriv differ from the old brand? The broker claims to be flexible and reliable, with more than 100 trading assets offered to trade on, including binary options. In this review, we will discuss Deriv, whether it is worth the shot or not.

deriv official website official website

(Risk warning: Your capital can be at risk)

What is Deriv? – The company represented

Deriv was launched and developed as a celebration of’s innovation and growth. The broker evolves over 20 years, focusing on its customers’ wants and needs, as well as innovation. It offers traders the ability to trade forex, commodities, stocks, and synthetic indices. The founding company of Deriv Broker is Regent Markets Group, which has a mission to make online trading to be more accessible to the masses was founded in the year 1999. The Group has then evolved and rebranded but further embraced its founding mission. This company offers binary options, and it was first purchased in 2000 when Regent Markets opened its first office in Malta.

After a year, the firm launched, the first platform to offer binary options to retail traders. Through the years, the company grew bigger and won several awards along the way. In 2013, BetOnMarkets rebranded to Until now, the firm continues to expand and grow in the trading industry. had rebranded to Deriv. This rebranding came with enhanced features, a new range of trade types, and a variety of charting applications. A more advanced and more developed platform. Deriv is created as a place where people can trade what they want and how they want.

Also, watch our full video review: 

Facts about Deriv:

5 / 5
🏛 Founded:
💻 Trading platforms:
MetaTrader 5, Deriv x, Deriv EZ, Deriv Go, SmartTrader
💰 Minimum deposit:
💱 Account currencies:
💸 Withdrawal limit:
📉 Minimum trade amount:
$1,000 trading volume / 0.01 lot
⌨️ Demo account:
🕌 Islamic account:
🎁 Bonus:
📊 Assets:
Forex, Derived, Stocks, Indices, Commodities, Cryptocurrencies
💳 Payment methods:
Credit- Debit Card, E-wallets, online banking, cryptocurrencies
🧮 Fees:
From 0.015 pip spread, variable overnight fees
📞 Support:
24 / 7 support via live chat and Whatsapp
🌎 Languages:
16 languages

(Risk warning: Your capital can be at risk)

Is Deriv regulated? – Regulation and safety for customers

Regulation serves as your protection from scammers. Nowadays, there are a lot of scams circling online, and we have to be vigilant. As traders, we know that the security of our funds is our topmost priority in deciding and placing our investments. Regulation is very sacred in the world of trading because without being authorized and regulated, the broker cannot operate legitimately. This serves as your protection, knowing that with this regulation, the broker is known to be legit and is trustworthy.

Deriv is regulated by Malta Financial Services Authority (MFSA) Labuan Financial Services Authority (Labuan FSA) Vanuatu Financial Services Commission (VFSC) British Virgin Islands Financial Services Commission
Deriv is regulated by Malta Financial Services Authority (MFSA) Labuan Financial Services Authority (Labuan FSA) Vanuatu Financial Services Commission (VFSC) British Virgin Islands Financial Services Commission

Deriv is regulated by several entities that ensure that their systems are in place to protect their clients. These regulators include the Malta Financial Services Authority (MFSA), the Labuan Financial Services Authority (Labuan FSA) with license no. MB/18/0024, the Vanuatu Financial Services Commission (VFSC), and the British Virgin Islands Financial Services Commission. Deriv is known for being a reliable broker since the year it started in the trading industry. The company has integrity and values its customers’ trust.

Deriv's Vanuatu Financial Services Commission (VFSC) license
Deriv’s Vanuatu Financial Services Commission (VFSC) license
Deriv's British Virgin Islands Financial Services Commission license
Deriv’s British Virgin Islands Financial Services Commission license

Deriv is regulated by the following:

(Risk warning: Your capital can be at risk)

Financial security of customer funds

Before placing any investment, we traders want to ensure the security of our money/funds. Deriv is a broker that assures its clients that their money/funds are not used in any of its business interests by segregating it in a secure and licensed institution. Plus, the trader can withdraw their money at any time. Plus, a trader has protection with regard to the unlikely event of Deriv becoming insolvent, all the money of the client will be returned to them due to the fact that it was never merged with the money of the company.

The company claims to hold the highest ethical standards and regulatory requirements. Also, the broker encourages its traders to practice secure and responsible trading. This so-called ‘practice secure and responsible trading’ of Deriv is enlightening and helping out customers how to be secure in their trading journey. On the official website of the broker, you will find a page where you can read more about it.

Also, the security of the company and its clients is very important with Deriv. That is why the broker has enforced best-in-class security measures such as SSL encryption to protect its clients’ accounts and personal data.

Summary of financial security and regulation:

  • Multi-regulated broker
  • Segregated customer funds
  • Client protection program
  • Practice secure and responsible trading
  • Has SSL encryption

What are the pros and cons of Deriv?

With more than ten years of trading experience, we know exactly what you should look for to find your perfect broker. All providers have some of their own specialties and pros and cons. Below you will find the most significant ones for Deriv.

Pros of Deriv
Cons of Deriv
✔ One of the lowest spreads and fees in the industry
✘ The tutorials provided on the site may not be enough for novice traders.
✔ Multi-regulated and trusted company with offices around the world
✘ Deriv isn’t available for customers in the United States and Canada
✔ 24 / 7 live chat support available
✔ Low minimum deposit
✔ Large number of deposit and withdrawal methods are available
✔ Platform supports automated trading
✔ High leverage of up to 1:1000
✔ Plattform backed and developed by

Is Deriv a user-friendly broker?

Wheater Deriv is a user-friendly broker or not will be answered in this segment. We rated different aspects of usability, and we will give you an overview here.

General Website Design and Setup
★★★★★ Clean website set-up with fast loading speed, and the site is well-structured
Sign-up Process
★★★★★ It only takes an e-mail and 2 minutes to sign-up for an unlimited demo account. Approval for live account is pretty fast as well
Usability of trading area
★★★★★ Various trading platforms are available and easy to understand
Usability of mobile app
★★★★ Mobile app works flawlessly and allows you to trade from anywhere

Review of trading conditions for customers

Deriv has more than 100 assets, including forex, commodities, stocks, and synthetic indices. Binary options are also available with this broker. The broker offers its clients three types of accounts: a Financial account (Standard), a Financial STP account, and a Synthetic account. These accounts will be discussed further later on in this review. Also, the platforms are simple, user-friendly, yet competitive. Deriv has a proven track record as a reliable broker for more than 20 years of operations in the trading industry.

Core trading conditions of Deriv
Core trading conditions of Deriv

It is safe, secure, and is regulated by multiple regulators. The firm does not combine the money of its clients with its own funds. Deriv assures its traders that their money is safe by segregating it and allows its clients to withdraw their money at any time. There is a client money protection, which was discussed also above this review, in the section of Financial Security, that in the unlikely event of Deriv becoming insolvent, all the money will be returned to the client. We can say that Deriv has generous leverage, which can go as high as 1:1000.

Trading conditions:

  • Free demo account
  • Max. Leverage is 1:1000
  • Minimum deposit €/£/$ 5
  • 150+ assets (Forex, Derived, Stocks, Indices, Commodities, Cryptocurrencies)
  • Trade 24/7, also on weekends
  • Binary options (yield up to 100%), forex trading, CFD trading
  • Fast trading execution
  • Supports automated trading
  • Simple yet competitive platforms

(Risk warning: Your capital can be at risk)

Test of the Deriv trading platforms

Deriv has six types of trading platforms that have been improved by the company for a better trading experience.

Trading Platforms of Deriv:

  • Deriv MetaTrader 5
  • Deriv X
  • Deriv EZ
  • SmartTrader
  • Deriv Trader
  • Deriv Bot

Deriv MetaTrader 5

Deriv’s MetaTrader 5 (MT5) platform is the DMT5. This platform is a multi-asset online platform designed to give both new and experienced traders access to a wide range of financial markets. This platform has over 70 assets with a maximum leverage of 1:1000. This platform is free to download. The maximum lot sit is 30, and the charting capability of this platform is advanced and professional. It has well-developed technical indicators that give any type of trader (whether beginner or professional) a hassle-free trading experience. This platform has been considered the choice of professionals worldwide among other Deriv platforms.

Deriv DMT5 Platform
Deriv DMT5 Platform

Deriv X

Deriv X is a customizable multi-asset trading platform. Offering CFDs on forex, commodities, stocks & indices, cryptocurrencies, and derived indices, Deriv X gives you a versatile trading experience that lets you customize your trading environment. With Deriv X as a trading platform, you will have more than 100 tradable assets to choose from.

deriv x trading platform
Deriv X trading platform

Deriv EZ

Deriv EZ is a user-friendly CFDs trading platform that offers instant access to all your favorite assets. There is no additional account ID or password to remember, so you can fully focus on your trading. Trade on Deriv EZ and access a wide variety of assets in forex, stocks and indices, commodities, cryptocurrencies, and derived indices.

Deriv ez trading platform
Deriv EZ trading platform


The SmartTrader is also a platform for trading digital options. The advantage is here that you get more functions and options for opening a trade. The order mask is directly in front of you and gives you the best execution. Below that, you can see the chart and do a chart analysis. For beginners, there is a section with explanations of “how to trade”.

Platform SmartTrader deriv
Platform SmartTrader deriv


The DTrader platform of Deriv is a web platform that requires no download. It is a powerful platform, yet user-friendly. DTrader has over 50 tradable assets, a minimum stake at $0.35, and a potential payout of more than 200%.  The charting capability of this platform is advanced and has good technical indicators. You can customize it according to your preference. The duration option is very flexible, running between 1 second up to 365 days / 1 year.

Deriv DTrader Platform
Deriv DTrader Platform

(Risk warning: Your capital can be at risk)


The DBot platform of Deriv does not need coding. It is a web-based strategy builder for trading digital options. This platform has an automated bot that runs trades for you. Basically, it’s a platform where a trader can build their own trading bot using drag-and-drop ‘blocks’. It has three pre-built strategies, over 50 assets to unleash your bot, and zero cost to build. It has good analytical tools, well-developed indicators, and smart logic like take-profit and stop-loss.

This smart logic maximizes your profits and limits losses. DBot is easy to use and very convenient. It also has a tracker that notifies you about how your bot is performing with each trade executed. These notifications are sent via Telegram. You can build your own trading robot fast and easily.

DBot for automated trading
DBot for automated trading

(Risk warning: Your capital can be at risk)

Deriv Trading Tutorial: How to trade

Deriv is partnered with and offers clients trade binary options. First, you need to choose a broker to trade with and then choose what asset or market you would like to trade. Deriv offers its clients the ability to trade binaries that include forex, commodities, stock indices, and synthetic indices. Then select the expiry time or duration. Be informed that options can expire anytime between 30 seconds and up to a year. After that, decide the size of the trade. Next, choose an option, whether to click ‘Call’, ‘Put’ / ‘Buy’, or ‘Sell’. Lastly, check everything, and if you are sure about your trade, go and confirm it.

Trading example of digital options
Trading example of digital options

Step-by-step tutorial:

  1. Choose what asset or market you would like to trade.
  2. Select the expiry time or duration.
  3. Decide the size of the trade.
  4. Choose an option, whether to click ‘Call’, ‘Put’ / ‘Buy’, or ‘Sell’.
  5. Check and confirm the trade.
  6. Wait for the result (win or loss)

(Risk warning: Your capital can be at risk)

Professional charting and analysis are available with Deriv

The charting capability of Deriv is advanced and customizable. Charting and technical analysis are very important in trading. Charting enables traders to track price history and market movements. While technical analysis is examining and predicts price movements in the financial market. When used together efficiently, you can expect better trading results and determine what next movement to execute.

Adding indicators to the Deriv platform
Adding indicators to the Deriv platform

We noticed that the charting of Deriv is easy to use, understand, and is professionally made. We can say that it is good and comfortable. Also, you can customize the charts according to your preference. Plus, Deriv has advanced technical tools and good indicators.

  • Customizable charting
  • Chart types
  • Indicators
  • Professional settings
  • Templates

(Risk warning: Your capital can be at risk)

Free Deriv demo account

Deriv offers a demo account which is part of their core as a broker that promotes secure and responsible online trading. The company wants its clients to understand that trading is a very serious activity and requires a high risk of investment. You can get this free demo on any type of platform Deriv offers, and is easy to access. The demo account requires only your email, and you will be directed right away to the demo account. This demo account has $10,000 in virtual funds with it.

We encourage traders to first get a demo account and familiarize themselves with the platform. Trading requires a high risk of money, and we wouldn’t want unintentional trading execution. Demo accounts come with virtual funds where you can practice your standing strategies and skills. It is best to be prepared and ready before going live in trading.

How to open your account

It is very easy and fast to create an account with Deriv. All you need is a working email that is active and can register right away. If you have a account, you can use your account credentials as well in order to log in with Deriv.

Sign up form of
Sign up form of

(Risk warning: Your capital can be at risk)

Account types of Deriv (only DMT5)

Deriv offers its traders 3 types of accounts for forex and CFD trading. The Financial account (Standard) offers both new and experienced traders the ability to trade commodities, cryptocurrencies, major (standard and micro-lots), and minor currency pairs with high leverage. With this account, traders have high leverage and variable spreads for maximum flexibility.

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. This gives traders direct access to forex liquidity providers. The Synthetic account is available for trading 24 hours a day and seven days a week. This account is audited for fairness by an independent third party and allows traders to trade contracts for difference (CFDs) on synthetic indices.

Account type:SyntheticFinancialFinancial STP
Leverage:Up to 1:1000Up to 1:1000Up to 1:1000
Margin call:100%150%150%
Stop out level:50%75%75%

(Risk warning: Your capital can be at risk)

Reviews of deposit and withdrawal methods

Deriv offers its clients several payment method options to use in depositing and withdrawing funds. The payment process in trading is very important to every trader. This makes total sense due to the fact that trading involves and revolves around money aside from stocks and assets, etc.  Deriv made sure that their clients will have no hassle and had many options in processing their payments. The payment methods include bank wire, credit/debit cards, e-wallets, and cryptocurrencies.

The minimum deposit and withdrawal amount are usually €/£/$ 5 when using e-wallets. However, other payment methods have different minimum amounts, which will be shown below.

Payment methods that can be used:

  • Bank Wire
  • Credit / Debit Card
  • E-wallets
  • Cryptocurrencies

All your deposits and withdrawals are usually processed within one working day. However, it still depends on which payment channel you chose to use. What is also important to know: You can open your account in fiat money or cryptocurrencies.

Payment Method:Bank wireCredit/debit cardsE-walletsCryptocurrencies
Deposit processing timeInstantInstantInstant3 blockchain confirmations
Withdrawal processing time1-2 working day1 working day1 working day1 working day + 3 blockchain confirmations

Here are further details about using bank wire as a payment method:

Method:Bank transferPayTrustHelp2payDragon PhoenixZingPay
Min. – Max Deposit500 – 100,00025 – 10,0005 – 10,00010 – 10,00010 – 10,000
Min. – Max Withdrawal500 – 100,000N/A5 – 10,00010 – 10,00010 – 10,000

For debit/credit cards:

Min. – Max. Deposit10 – 10,00010 – 10,00010 – 10,000
Min. – Max. Withdrawal10 – 10,00010 – 10,00010 – 10,000

Please take note that Mastercard and Maestro withdrawals with Deriv are only available for UK Clients.

Here are further details about using e-wallets as a payment channel:

Method:FasapayPerfect MoneySkrillNetellerWebmoneyQiwiPaysafeSticpay
Min. – Max. Deposit5 – 10,0005 – 10,00010 – 10,0005 – 10,0005 – 10,0005 – 200 (USD) 5 – 150 (EUR)5 – 1,0005 – 10,000
Min. – Max. Withdrawal5 – 10,0005 – 10,0005 – 10,0005 – 10,0005 – 10,0005 – 180 (USD) 5 – 150 (EUR)5 – 7505 – 10,000

For cryptocurrencies:

Min. DepositNo minimumNo minimumNo minimumNo minimum
Min. Withdrawal0.00280.0240.1225

Please take note that the minimum amount for withdrawal using cryptocurrencies will vary depending on the latest exchange rates, and the figures presented above have been rounded.

Also, for all payment methods above, fees depend on what type of payment method is chosen. Your bank may require a fee for a money transfer service.

(Risk warning: Your capital can be at risk)

Fees and costs for Deriv Traders

The minimum deposit for Deriv traders is €/£/$ 5. However, the deposit amount depends on what type of payment method you’d like to use. Also, Deriv charges a dormant fee. The dormant fee is like an inactivity fee, wherein any account that has not placed a buy or sell transaction for more than a continuous period of 12 months. However, this dormant fee doesn’t apply if the client is under self-exclusion (their own choice or as a decision by the Company).

Important facts:

  • The minimum deposit is €/£/$ 5
  • Trading commissions starting 0,015% for FX & CFD
  • Charge inactivity fee after 12 months (dormant 25$ fee)

Is there a negative balance protection at Deriv?

It depends on the account type you have. MT5 Derived account’s negative balance will be set to zero automatically if it reached a balance in negative due to Stop-Out. The only exception is for MT5 Financia accounts. Owners of this particular account type must deposit the respective amount into their account before they are available to continue trading.

How does the broker make money from you?

Deriv generates revenue from its clients through a combination of spreads and fees. Firstly, spreads play a significant role in their earnings. When clients trade assets, Deriv offers them to bid and ask prices, with the difference between the two known as the spread. Deriv profits by capturing a portion of this spread as compensation for facilitating the trade. This difference serves as a transaction cost for clients. Additionally, Deriv Broker charges various fees, such as commissions, for executing trades on behalf of clients.

Support and services of Deriv:

You can expect professional customer support agents ready to assist you with Deriv. The phone customer support (international help desk) operates 24 hours a day on weekdays (Monday to Friday), and there is 24 / 7 support available via live chat on the website. The phone number is +44 1942 316229. You can also email their customer support at s[email protected]. Also, Deriv has a FAQ section or Help Centre on its official webpage where you can find helpful answers to your basic known questions.

Deriv customer support
Deriv customer support is available through phone and email

Facts about support and services:

  • Professional customer support
  • Operations: weekdays 24hrs
  • 24 / 7 live chat
  • FAQs/Help Centre

Accepted and forbidden countries

Clients that are 18 years of age and up are the ones Deriv allows to avail of its services. Also, the services of this broker are not offered for countries such as the USA, Canada, and Hongkong.

To be more specific, you are not able to create an account with Deriv if you are a resident of Canada, France, Hong Kong, Israel, Jersey, Malaysia, Malta, Paraguay, UAE, USA, or a restricted country that has been identified by the Financial Action Task Force (FATF) as having strategic deficiencies.

(Risk warning: Your capital can be at risk)

Which brokers are the best alternatives for Deriv?

We now discussed the pros and cons of the broker in detail, and you should be able to make an informed choice if the broker is the perfect fit for you. If you still have doubts, here are our favorite alternatives worth taking a look at. logo is our favorite broker for trading beginners and a tough competitor for AvaTrade. Founded in 2002, the broker offers generally slightly lower fees and spreads in our experience. While AvaTrade is slightly ahead in terms of the number of educational resources, also comes with a very beginner-friendly trading platform, very good customer support a very low minimum deposit. Read our detailed review here and decide for yourself which broker better serves your needs.


Roboforex logo

The broker RoboForex is a great option with very low spreads and fees for less popular Forex pairs or assets. With more than 12,000 assets to choose from, you will never run out of options if you sign-up with this broker. The lucrative high leverage is another plus for more experienced brokers. If you have experience in the trading world and you know what you are doing, you might be better of with RoboForex than AvaTrade. Read our full review here.


xtb logo

XTB was founded in 2002 and is a great alternative for beginners and more advanced traders alike. The company is among the biggest and most trusted brokers in the industry, with designated support for every new client, competitive spreads, a fast and secure platform, and advanced analysis tools. Compared to Deriv, they offer a bigger amount of tradable assets and have better withdrawal and deposit options.

Conclusion of review: Is Deriv legit? – We think: Yes, high payout broker

Deriv has been operating legitimately for over 20 years in the trading industry, is enhanced, developed, and is still growing. The company promotes innovation and has given its focus to serving its customers well. The rebranding it had given more opportunities and more options for traders on how they wanted their trades would go.

It offers the ability to trade and choose over 100 assets that include Forex, stocks, commodities, and indices. Also, it offers a good deal of binary options. The platforms are simple, user-friendly, yet competitive. The leverage of this broker is generous, which is up to 1:1000. The tools are well-developed, enhanced, and customer support is smart and friendly. We recommend this broker due to its professionalism, proven statistics, and dedication to serving its traders through its products and services. We can say that this rebranding of is good, well thought of, and is worth the shot.


  • Focuses on customers and innovation
  • Smart and friendly customer support
  • Secure and regulated
  • Backed and developed by
  • Offers binary options (yield up to 100%), forex, CFDs
  • Leverage up to 1:1000
  • Over 100 assets (forex, commodities, stocks, indices)
  • Well-developed platforms
  • Support automated trading


  • Not available in some countries

Deriv review

Overview and test of the broker Deriv.

Trusted Broker Reviews

Trading offers
Customer support


Deriv is a secure trading platform with competitive spreads and no hidden fees.

5 is an innovative trading platform with high payouts. Very reliable and secure for any type of investing. 5 out of 5 stars (5 / 5)

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(Risk warning: Your capital can be at risk)

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Last Updated on June 9, 2023 by Res Marty