Review:Regulation:Assets:Min. Spread:Min. Deposit:
5 out of 5 stars (5 / 5)MFSA, FSA, VFSC, FSC100+Only commissions, starting 0,015% €/£/$ 5

Deriv Logo

Deriv.com (Binary.com) 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 had 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.com official website

Deriv.com official website

Regulation and security for clients
Professional customer support
Good trading conditions

What is Deriv? – The company represented

Deriv was launch and develop as a celebration of Binary.com’s innovation and growth. The broker evolves over 20 years, focusing on its customers’ wants and needs, and 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, where Regent Markets had opened its first office in Malta.

After a year, the firm had launched BetOnMarkets.com, the first platform to offer binary options to retails traders. Through the years, the company grew bigger and had won several awards along the way. In 2013, BetOnMarkets had rebranded to Binary.com. Until now, the firm continues to expand and grow in the trading industry. Binary.com 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:

  • Founded in 1999
  • Focuses on customers and innovation
  • Multi-award-winning global broker
  • Offers binary options
  • Offers forex brokerage
  • Well-developed platforms
  • Over 100 assets

(Risk Warning: Your capital is 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 MFSA, Labuan FSA, VFSC, and British Virgin Islands Financial Services Commission

Deriv is regulated by several entities that ensure that their systems 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:

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 regards 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 the page where you can read more about it for you to understand more and know more about it. Here is the link –  https://deriv.com/responsible-trading/.

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

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 3 types of accounts: Financial account (Standard), Financial STP account, and Synthetic account. These accounts will be discussed further later on in this review. Also, the platforms are simple, user-friendly, yet competitive. Deriv has proven track of 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 to its own funds. Deriv assures its traders that their money is safe through segregating it and allows its clients to withdraw their money at any time. There is a client money protection, where 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
  • 100+ assets (forex, commodities, stocks, and synthetic indices)
  • 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 is at risk)

Test of the Deriv Trading Platforms

Deriv has 4 types of trading platforms that have been improved by the company for a better trading experience.

Trading Platforms of Deriv:

  • DTrader
  • DBot
  • DMT5
  • SmartTrader

DTrader

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 advance 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

DBot

The DBot platform of Deriv that 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 3 pre-built strategies, over 50 assets to unleash your bot, and has 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 trades executed. These notifications are sent via Telegram. You can build your own trading robot fast and easy.

DBot for automated trading

DBot for automated trading

DMT5

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 as the choice of professionals worldwide among other Deriv platforms.

Deriv DMT5 Platform

Deriv DMT5 Platform

SmartTrader

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”.

Deriv SmartTrader platform

Deriv SmartTrader platform

Deriv Trading Tutorial: How to trade

Deriv is partnered with Binary.com 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 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 with 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)

Professional charting and analysis is available with Deriv

The charting capability of Deriv is advance 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 predicting the 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

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 in 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 virtual funds with it.

We encourage traders to first get a demo account and familiarize yourself 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 Binary.com account, you can use your Binary.com account credentials as well in order to log in with Deriv.

Sign up form of Deriv.com

Sign up form of Deriv.com

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 7 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%
Assets:10+50+50+

(Risk Warning: Your capital is 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 in money aside stocks and assets, etc.  Deriv made sure that their clients will have no hassle and have 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 and 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 depends still 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
CurrenciesUSD EUR GBP AUDUSDUSDUSD EUR GBP AUDUSD EUR GBP AUD

For debit/credit cards:

Method:VISAMasterCardMaestro
Min. – Max. Deposit10 – 10,000

10 – 10,000

10 – 10,000

Min. – Max. Withdrawal10 – 10,000

10 – 10,000

10 – 10,000

CurrenciesUSD GBP EUR AUDUSD GBP EUR AUDUSD GBP EUR AUD

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.

Deposit

5 – 10,0005 – 10,00010 – 10,0005 – 10,0005 – 10,0005 – 200 (USD)

5 – 150 (EUR)

5 – 1,0005 – 10,000
Min. – Max.

Withdrawal

5 – 10,0005 – 10,0005 – 10,0005 – 10,0005 – 10,0005 – 180 (USD)

5 – 150 (EUR)

5 – 7505 – 10,000
CurrenciesUSDUSD EURUSD GBP EUR AUDUSD GBP EUR AUDUSD EURUSD EURUSD GBP EUR AUDUSD GBP EUR

For cryptocurrencies:

Method:BitcoinEthereumLitecoinTether
Min. DepositNo minimumNo minimumNo minimumNo minimum
Min. Withdrawal0.00280.0240.1225
CurrenciesBTCETHLTCUST

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 chosen. Your bank may require a fee for money transfer service.

Fees and costs for Deriv Traders

The minimum deposit for Deriv traders os €/£/$ 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 month (dormant 25$ fee)

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 on weekends (Saturday and Sunday) from 8:00 AM – 5:00 PM (GMT +8). The phone number is +44 1942 316229. You can also email their customer support at support@deriv.com. 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 is available through phone and email

Deriv customer support is available through phone and email

Facts about support and services:

  • Professional customer support
  • Operations: weekdays 24hrs/ weekends 8:00 AM – 5:00 PM (GMT +8)
  • Phone
  • Email
  • 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 which has been identified by the Financial Action Task Force (FATF) as having strategic deficiencies.

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

Deriv has been operating legitimately over 20 years in the trading industry, is enhanced, developed, and is still growing. The company promotes innovation and has given its focus to serve well its customers. Through the rebranding, it had given more opportunities and more options for traders on how they want 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 in serving its traders through its products and services. We can say that this rebranding of Binary.com is good, well thought of, and is worth the shot.

Advantages:

Deriv is a trusted broker

  • Focuses on customers and innovation
  • Smart and friendly customer support
  • Secure and regulated
  • Backed and developed by Binary.com
  • 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

Disadvantages:

  • Not available in some countries

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

(Risk Warning: Your capital is at risk)