Deriv

Feature	Details
Broker Name	Deriv
Rating	★ ★ ★ ★ ☆
Minimum Deposit	$5
Payout	100%
Demo Account	Yes
Regulated	MFSA, LFSA, VFSC, BFSC
Country Flag	Traders from Kenya welcome

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Deriv Broker Review 2024: Is It Worth Signing Up?

Deriv offers a wide range of trading products, including binary options, multipliers, and CFDs, available on its proprietary platforms and the widely-used MT5 app. With 24/7 trading, access to over 100 instruments, and a low minimum deposit, Deriv has gained popularity among beginner and seasoned traders alike. But is it the right broker for you?

In this comprehensive 2024 Deriv review, we break down the advantages and disadvantages of opening a live account. From platform features and tools to fees, trustworthiness, and regulatory compliance, we provide a detailed analysis. Keep reading to find out whether Deriv.com is the right choice for your trading journey.

After 20 years of operating as Binary.com, the broker rebranded to Deriv in 2020. Existing clients of Binary.com can easily transition to Deriv by using their current login credentials, making the switch seamless while accessing the new trading platforms and services.

Key Highlights of Deriv

Deriv provides payouts of up to 100% and offers a range of options products designed to cater to various trading styles and strategies.
Traders can access over 30 fee-free payment options, including popular e-wallets and cryptocurrencies.
With a low $5 minimum deposit and $1 minimum trade size, Deriv is ideal for beginner traders looking to enter the market.

Company Overview

Deriv is a well-established online broker, trusted by more than 2.5 million traders worldwide. With over $10 billion in trade turnover, the platform processes 100+ million trades and handles $25+ million in withdrawals every month.

Operating in 15 countries, including major financial hubs like Dubai, Singapore, and Cyprus, Deriv is licensed and regulated by the following authorities:

Labuan Financial Services Authority (LFSA)
Malta Financial Services Authority (MFSA)
Vanuatu Financial Services Commission (VFSC)
British Virgin Islands Financial Services Commission (BVI)

Options Trading on Deriv

Deriv offers binary options trading across 100+ underlying assets with competitive payouts reaching up to 100%. Traders can enter the market with a minimum contract size of just $1, making it accessible for various experience levels.

Assets Available for Trading:

Commodities – Speculate on price movements of key assets like Gold, Silver, and Oil.
Indices – Trade major indices from the US, Europe, and Asia, including the S&P500, FTSE100, and GER40.
Forex – Trade options on 28 major and minor currency pairs, such as EUR/USD, USD/CAD, and AUD/NZD.
Basket Indices – Trade commodities or forex against multiple currencies, like the Gold Basket which pits Gold against USD, EUR, GBP, JPY, and AUD.
Derived Synthetics – These proprietary indices simulate real market movements without being influenced by liquidity or global events, featuring instruments like the Volatility 75 Index (VIX), jump indices, and daily rest indices.

Contracts & Products Offered

Deriv provides a wide array of options products, allowing traders to adopt different strategies:

Digital Options – Predict from two possible outcomes. Receive a fixed payout percentage for correct predictions.
Lookbacks – Earn returns based on the highest or lowest market price reached during the contract.
Call/Put Spreads – Earn up to a predefined payout based on the position of the exit price relative to two price levels.

Digital Options Available

Deriv offers several digital options formats:

Rise or Fall – Predict if the exit price will be higher or lower than the entry price at the end of the contract.
Higher or Lower – Will the price be higher or lower than a specified barrier price at contract expiry?
Ends Between or Outside – Will the exit price fall within or outside two price markers at the contract's end?
Stays Between or Outside – Will the price remain inside or outside two price markers by the contract's expiry?
Touch or No Touch – Predict if the asset's price will touch a target price at any point during the contract.
Asians – Will the exit price be higher or lower than the average of previous exit prices?

Lookback Options

Lookback options are available on Deriv’s synthetic indices:

Close Low – Earn based on the multiplier x the difference between the low and close prices.
High Low – Your return depends on the multiplier x the difference between the highest and lowest prices.
High Close – Gain or lose based on the multiplier x the difference between the high and close prices.

Other Trading Products at Deriv

CFDs

Deriv.com also offers Contracts for Difference (CFDs) with leverage up to 1:1000. Tight spreads, starting from just 0.5 pips on major forex pairs, are available with zero commission on trades.

In addition to forex and Deriv’s proprietary synthetic assets, traders can speculate on cryptocurrencies using CFDs. However, be mindful of swap rates, which apply to positions held overnight.

Multipliers

While Deriv’s standard leverage applies only to CFD trades, the broker offers an innovative 'Multipliers' feature for options trading. This tool combines the upside of leverage with the capped risk of binary options.

Profits Amplified: If the market moves in your favor, you can see gains magnified, for example, by 10x.
Risk Limited: If the market turns against you, losses are capped at your initial investment, thanks to an automatic stop-out mechanism that triggers when the loss equals your starting stake.

This feature offers retail investors enhanced market exposure while limiting risk to the initial trade amount.

Deriv Trading Platforms

Deriv provides multiple trading platforms, which is more than most binary brokers offer. However, one downside is that not all binary options contracts can be traded via mobile apps. Deriv’s MetaTrader 5 (MT5) and Deriv Go apps are mainly designed for trading CFDs and multipliers, which may put it at a disadvantage compared to competitors like IQCent and Pocket Option.

DTrader

The DTrader platform offers over 50 assets and stands out for its user-friendly interface. Customization is simple, with clear menus on either side.

Key features include:

13 timeframes for charting
Trade durations from 15 seconds to 365 days
Four chart types (e.g., area, candlestick)
Nine drawing tools, including Fibonacci Fan and Trend lines
20+ technical indicators, such as MACD, RSI, and Bollinger Bands

How to Buy an Options Contract on DTrader:

Select an underlying asset (indices, commodities, forex, synthetic indices, or baskets).
Choose a binary options product (e.g., high/low, touch/no touch).
Set the contract duration (15 seconds to 365 days).
Input the trade stake (minimum $1).
Payout percentages will be displayed automatically, or you can input your desired payout and receive a suggested stake.
Confirm the trade order.

DBot & Binary Bot

Deriv also provides automated trading tools through DBot and Binary Bot, which support over 50 assets. These no-code solutions let users design custom strategies by dragging and dropping pre-built trade conditions.

Three pre-programmed strategies are available for immediate use, and retail traders can modify these strategies or create entirely new ones from scratch.

We found DBot to be very beginner-friendly. The platform includes several tutorials and reference materials to guide new users.

You can also set real-time notifications to monitor your bot's performance.

How to Get Started with DBot:

Select an asset to trade.
Input the trade conditions (e.g., price rise or fall).
Define your trading parameters.
Run the bot and monitor its performance in real-time.

Other Platforms & Tools

For traders who wish to explore other financial products, such as CFDs and Multipliers, Deriv offers the MT5, Deriv X, and SmartTrader platforms. These platforms provide easy access to various markets with customizable charts, one-click trading, and a wide range of technical indicators and drawing tools, ensuring a robust trading experience.

Deposits & Withdrawals

Deriv.com provides an extensive range of 30+ payment methods, which is more than most competitors. Traders can fund their accounts with just $5, though some methods may have specific minimum deposit requirements. Importantly, Deriv does not charge fees for deposits or withdrawals.

Here are some available methods:

Bitcoin: No minimum deposit, 0.0022 BTC minimum withdrawal. Processing time depends on the blockchain.
Instant Bank Transfer: USD only, with a minimum deposit of $5 and a maximum of $50,000. Withdrawals have the same limits. Processing times are one day.
PayTrust: USD only, with a minimum deposit of $10 and a maximum of $17,000. No minimum or maximum withdrawal limits, with a one-day processing time.
Help2pay: USD only, minimum deposit $15, maximum deposit $10,000. Instant processing for both deposits and withdrawals.
Credit & Debit Cards (Visa/Mastercard/Maestro/Diners Club): Available in USD, EUR, AUD, and GBP. Minimum deposit $10, maximum deposit $10,000. Instant deposit processing, withdrawals processed in up to one day.
JCB: USD only. Same limits and processing times as credit cards.
FasaPay: USD only. Minimum deposit $5, maximum deposit $10,000. Instant deposits and withdrawals within one working day.
Perfect Money: USD and EUR. Minimum deposit $5, maximum deposit $10,000. Instant deposits, withdrawals within one day.
Neteller: USD, EUR, AUD, and GBP. Same limits and processing times as FasaPay.

Note: Payment availability may vary by country.

Live Account

Unlike many brokers, Deriv does not offer multiple account types. However, its standard account provides access to all trading products, including binary options. The absence of account tiers may be a downside for active traders seeking discounts and rewards.

How To Open A Deriv Account

To open an account, follow these steps:

Click the ‘Visit Broker’ or ‘Go To Deriv’ button on their website.
Enter your email and accept the terms and conditions.
Follow the email instructions to finalize registration and access your new account.

You can also sign up using Google, Apple, or Facebook credentials.

Demo Account

Deriv offers a free demo account with unlimited virtual funds, allowing traders to practice in real-market conditions with no time limits. The demo account includes access to all platforms and tools, ideal for getting familiar with Deriv’s offerings.

Deriv Regulation

Deriv is regulated by several entities, including:

Deriv (V) Ltd: Licensed by the Vanuatu Financial Services Commission.
Deriv (FX) Ltd: Licensed by Labuan Financial Services Authority.
Deriv BVI Ltd: Licensed by the British Virgin Islands Financial Services Commission.

Although these are not top-tier regulators, this level of oversight is typical for binary options brokers. Additionally, Deriv segregates client funds from its operational funds.

Additional Features

While Deriv’s educational resources for binary options are limited, some useful tools include platform guides, trading calculators (for margin, swap, PnL), and trading signals via the MT5 platform. Additionally, Deriv maintains a community forum where traders can exchange ideas and troubleshoot.

Pros of Trading Binary Options with Deriv

Up to 100% payouts
Trade options from $1
Free demo account with virtual funds
30+ deposit and withdrawal methods
Three binary options products: digital options, lookbacks, and call/put spreads
Binaries on forex, commodities, indices, and more

Cons of Trading Binary Options with Deriv

No copy trading
Limited weekend customer support
Few financial incentives (bonuses, etc.)
Binary options unavailable to retail traders in certain regions (e.g., UK, EU)

Customer Support

Customer support at Deriv is somewhat limited. Support is available via WhatsApp and live chat, but there is no email or telephone contact. During weekend testing, live chat was hosted by a bot, making it difficult to reach a human agent.

Client Safety

Deriv uses SSL technology for data security and financial transactions. Additionally, two-factor authentication (2FA) can be enabled for extra account protection. Deriv also promotes responsible trading by allowing clients to set trading limits and exclude themselves from products.

Should You Trade Binaries with Deriv?

Deriv offers strong trading conditions for binary options, with over 100 assets, proprietary platforms, and payouts of up to 100%. While there are some downsides, such as limited customer support and country restrictions, it remains a solid choice for both new and experienced traders.

FAQ

Can Deriv Be Trusted? Yes, Deriv has over 20 years in the market and is regulated by several entities, including LFSA, MFSA, VFSC, and BVI. The broker also uses segregated accounts for client funds.
Is Deriv A Good Binary Options Broker? Deriv offers competitive trading conditions with low minimum deposits and a variety of options products. However, it lacks bonuses and copy trading, which some competitors offer.
What Platforms Can I Trade Binary Options On? You can trade binary options on the DTrader, DBot, and Binary Bot platforms, all available via web and desktop.
Does Deriv Offer A Demo Account? Yes, Deriv provides a free demo account with unlimited virtual funds, allowing traders to practice risk-free.