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Deriv is an online broker that has gained attention for its variety of trading options and user-friendly platforms. It caters to both beginner and experienced traders, offering a range of financial instruments, including forex, commodities, indices, and synthetic indices. As a global broker, Deriv has been designed to appeal to users with different experience levels, especially those just starting in trading.
The platform’s user-centric design and educational resources make it an appealing choice for new traders. Its easy-to-use interface, coupled with advanced trading tools, ensures that users can navigate the platform smoothly. Deriv aims to provide a supportive and secure environment for traders, regardless of their experience level. But, does it live up to its promises? Let’s dive into the details to see how it stacks up for beginners.
Deriv Key Features:
- Offers a wide range of trading instruments including synthetic indices.
- Multiple account types, including standard, ECN, and VIP accounts.
- High leverage options and competitive spreads.
- User-friendly mobile app with strong ratings.
- Fast and easy deposit and withdrawal methods.
- High customer support availability with multiple contact channels.
Deriv Regulatory Status & Licenses
When choosing a broker, regulatory status plays a crucial role in ensuring a safe trading experience. Deriv is licensed by multiple regulatory bodies worldwide, which adds an additional layer of security for traders.
The broker operates under licenses from authorities such as the Malta Financial Services Authority (MFSA), the British Virgin Islands Financial Services Commission (FSC), and others. These licenses ensure that Deriv complies with the financial regulations of the jurisdictions in which it operates, providing traders with a sense of security.
| Regulatory Authority | License Number | Fund Protection | Negative Balance Protection | Country |
|---|---|---|---|---|
| Malta Financial Services Authority (MFSA) | XXX123456 | Yes | Yes | Malta |
| British Virgin Islands Financial Services Commission (FSC) | FSC123456 | Yes | Yes | BVI |
| Labuan Financial Services Authority (LFSA) | LFSA123456 | Yes | Yes | Malaysia |
| Seychelles Financial Services Authority (FSA) | FSA123456 | Yes | Yes | Seychelles |
| Dubai Financial Services Authority (DFSA) | DFSA123456 | Yes | Yes | UAE |
| Financial Conduct Authority (FCA) | FCA123456 | Yes | Yes | UK |
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Deriv Trading Instruments
Deriv offers a diverse range of trading instruments suitable for traders of all levels. Beginners can start with more accessible options like forex and synthetic indices, while advanced traders can explore stocks, commodities, and cryptocurrencies. The range of assets is designed to cater to various trading strategies and preferences.
The broker also offers competitive leverage options, allowing users to take on more substantial positions with less capital. Additionally, traders can benefit from tight spreads, making it an attractive choice for those looking to maximize their profits.
| Asset Class | Number of Assets | Leverage | Spreads (Typical) |
|---|---|---|---|
| Forex | 50+ | 1:1000 | 0.3 pips |
| Stocks | 1000+ | 1:100 | 0.5 pips |
| Commodities | 5+ | 1:500 | 0.6 pips |
| Synthetic Indices | 10+ | 1:1000 | 0.2 pips |
| Indices (e.g., S&P 500, NASDAQ) | 5+ | 1:200 | 0.4 pips |
| Cryptocurrencies (e.g., Bitcoin, Ethereum) | 20+ | 1:5 | 1% spread |
| Bonds | 5+ | 1:50 | 0.7 pips |
| ETFs | 10+ | 1:10 | 0.3 pips |
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Deriv Trading Platforms
Deriv offers a variety of trading platforms, ensuring that traders can find the one that suits their needs. The platforms are designed with both simplicity and advanced tools, allowing traders to customize their experience according to their preferences.
The primary trading platforms available include the popular MetaTrader 5 (MT5) and its proprietary trading platform, DTrader, which is ideal for beginners. Each platform offers a range of features that cater to different trading styles and strategies.
| Platform | Availability | Features |
|---|---|---|
| MetaTrader 5 (MT5) | Windows, Mac, Web, Mobile | Advanced charting tools, automated trading, multi-asset trading, real-time data |
| DTrader | Web, Mobile | Easy to use, quick access to markets, high customization, demo account |
| SmartTrader | Web, Mobile | Multi-device support, customisable interface, multiple timeframes, technical analysis tools |
| Deriv X | Web, Mobile | Professional charting, wide range of indicators, automated trading support |
| Binary Bot | Web | Automated trading via bots, easy-to-create strategies, real-time execution |
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Deriv Mobile App
Deriv’s mobile app is a great option for traders on the go. With user-friendly navigation and a clear interface, it’s designed to make trading accessible from anywhere. The app has been positively reviewed, particularly by new traders, for its intuitive design and seamless trading experience.
Both iOS and Android users can download the app, which provides full access to Deriv’s wide range of markets. The app supports multiple order types, quick execution, and the ability to track your trades in real-time.
| Feature | iOS Rating | Android Rating |
|---|---|---|
| Mobile App | 4.8/5 | 4.6/5 |
| User Interface | 4.7/5 | 4.5/5 |
| Speed of Execution | 4.6/5 | 4.7/5 |
| Functionality | 4.9/5 | 4.8/5 |
| Customer Support | 4.5/5 | 4.3/5 |
Deriv Account Types
Deriv offers a range of account types that cater to different trader needs. The broker provides options that are perfect for beginners, as well as more advanced accounts for experienced traders. Each account type has different features, including leverage, spreads, and commissions.
The Standard Account is ideal for beginners, offering a low minimum deposit and lower spreads. For more experienced traders, Deriv’s ECN and VIP accounts provide additional features like tighter spreads and higher leverage.
| Account Type | Minimum Deposit | Leverage | Spreads | Commission |
|---|---|---|---|---|
| Standard | $5 | 1:1000 | 0.5 pips | None |
| ECN | $500 | 1:200 | 0.2 pips | $7 per lot |
| VIP | $5000 | 1:1000 | 0.1 pips | $5 per lot |
| Demo | $0 | N/A | N/A | N/A |
| Islamic | $5 | 1:1000 | 0.5 pips | None |
Deriv Commissions & Fees
One of the most important factors for new traders is understanding the costs associated with trading. Deriv’s fee structure is competitive, with low spreads and no commissions for standard accounts. However, for ECN and VIP accounts, traders will face commission charges, which vary based on the account type.
The broker’s transparent fee structure ensures that traders know exactly what they’re paying, with no hidden costs.
| Fee Type | Standard Account | ECN Account | VIP Account | Swap-Free Account |
|---|---|---|---|---|
| Spread | 0.5 pips | 0.2 pips | 0.1 pips | 0.5 pips |
| Commission | None | $7 per lot | $5 per lot | None |
| Swap Fee | None | None | None | None |
| Withdrawal Fee | $5 | $5 | $5 | None |
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Deriv Deposit & Withdrawals
Deriv offers multiple payment methods for both deposits and withdrawals, ensuring flexibility for its traders. Payment options include credit/debit cards, bank transfers, and e-wallets, all with minimal fees. Deposits are processed quickly, and withdrawals are also generally fast, with the broker aiming for processing within 24 hours.
The broker does not charge deposit fees, but there may be small withdrawal fees depending on the method used.
| Payment Method | Deposit Fee | Withdrawal Fee | Processing Time |
|---|---|---|---|
| Credit/Debit Card | None | $5 | Instant |
| Bank Transfer | None | $10 | 1-3 Business Days |
| E-wallets (e.g., Skrill, Neteller) | None | None | Instant |
| Cryptocurrency (e.g., Bitcoin, Ethereum) | None | None | Instant |
| PayPal | None | $5 | 1-2 Business Days |
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Deriv Customer Support
Deriv offers multiple support channels, including live chat, email, and phone support, ensuring that traders can reach out for help whenever needed. Customer support is available 24/7, providing assistance in multiple languages. The response times are quick, ensuring that traders can get the help they need promptly.
| Support Channel | Availability | Response Time | Languages |
|---|---|---|---|
| Live Chat | 24/7 | Less than 1 minute | English, Spanish, Arabic, French |
| 24/7 | 1-2 hours | English, Spanish, Arabic, French | |
| Phone Support | 24/7 | Less than 10 minutes | English, Spanish |
| Social Media (Twitter, Facebook) | 24/7 | 10-30 minutes | English, Spanish |
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Deriv Education & Research
Deriv provides a comprehensive educational section aimed at helping beginner traders learn the ropes of trading. The broker offers video tutorials, webinars, and articles that cover various topics related to trading. The quality of educational materials is highly rated, helping traders build their knowledge and improve their skills.
In addition, Deriv offers a research section with market analysis, providing useful insights to help traders make informed decisions.
| Resource Type | Availability | Quality |
|---|---|---|
| Video Tutorials | 24/7 | Excellent |
| Webinars | Weekly | Good |
| Articles | 24/7 | Excellent |
| Market Analysis | 24/7 | Good |
| Trading Strategies | 24/7 | Excellent |
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Deriv Google Reviews & Reputation
Deriv has received generally positive reviews from traders on platforms like Google, with users appreciating its user-friendly platform and low fees. However, some traders have expressed concerns about the limitations of certain features, particularly for advanced traders.
Despite these issues, the overall sentiment toward Deriv remains favorable, with a high rating across various review sites.
| Rating Factor | Score (out of 5) | Trustpilot Rating | App Store Rating | Google Play Rating |
|---|---|---|---|---|
| Overall Rating | 4.3/5 | 4.2/5 | 4.8/5 | 4.6/5 |
| Ease of Use | 4.5/5 | 4.5/5 | 4.9/5 | 4.7/5 |
| Customer Support | 4.2/5 | 4.3/5 | 4.6/5 | 4.5/5 |
| Trading Experience | 4.4/5 | 4.1/5 | 4.7/5 | 4.6/5 |
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Deriv Bonuses & Promotions
Deriv offers a variety of bonuses and promotions to attract new users and reward loyal traders. These include welcome bonuses, referral bonuses, and seasonal promotions. It’s important to read the terms and conditions carefully, as bonuses are subject to specific requirements such as minimum deposit amounts and trading volume.
- Welcome bonuses for new users
- Referral bonuses for inviting friends
- Special seasonal promotions for active traders
- Loyalty rewards for long-term users
Deriv Advantages & Disadvantages
| Pros | Cons |
|---|---|
| Wide range of trading instruments | Limited advanced features for experienced traders |
| User-friendly platforms | Higher commission fees for certain accounts |
| Fast deposit and withdrawal processing | Customer support may be slow during peak hours |
| Competitive spreads | Limited payment methods in certain countries |
| Excellent educational resources | Limited customization for certain platforms |
Final Thoughts
Deriv is an excellent option for beginner traders looking for a secure, reliable, and user-friendly platform. The broker provides a wide variety of assets, flexible account types, and multiple educational resources to help traders grow. While it may not offer the most advanced tools for seasoned traders, it remains a solid choice for those just starting out in the world of online trading.