Deriv

Deriv Review: Is Deriv Broker Good?

Broker overview and general information

Deriv is an online broker founded in 1999 with over 25 years of experience in the online trading industry. The company offers a wide range of trading products such as Forex, Stocks, Indices, Commodities, Cryptocurrencies, and is trusted by over 2.5 million traders worldwide.

Deriv Group started in 1999, pioneering the world's first fixed-odds trading service. Throughout the years, the company has continuously expanded its services and products to meet the needs of traders around the world. In 2024, the broker will celebrate 25 years of trust, service and innovation, with a focus on international expansion and the development of new innovations.

Broker Licensing and Regulation

If you ask whether Deriv is good or not, you must first consider the license factor, which has the following licenses:

• British Virgin Islands Financial Services Commission (BVI FSC) License No. 1841206 under Deriv (BVI) Ltd.

• Vanuatu Financial Services Commission (VFSC) License No. 14556 under Deriv (V) Ltd.

• FINANCIAL SERVICES AUTHORITY St Vincent & The Grenadines (FSA) License No. 273 under DERIV (SVG) LLC.

• Labuan FSA License No. LL13394 under Deriv (FX) Ltd.

⚠️Warning:For Mauritius' Financial Services Commission (FSC) license number GB24101229, the inspection did not find the information as stated by the broker. Therefore, it should be considered and checked again carefully.

Broker Products and Services

Trading products

• Forex: Major, Minor and Exotic Currency Pairs

• Indices received: Indices simulate real markets with 24/7 trading.

• Stocks and Indices: Leading global stocks and indices

• Commodities: Global markets include precious metals and energy.

• Cryptocurrencies: The world's most popular cryptocurrencies

• Exchange-Traded Funds (ETFs): A diversified portfolio of exchange-traded funds that provide broad market exposure.
  

Trading Platform

For CFD trading

• Deriv MT5:MetaTrader 5 platform for trading CFDs on Forex, Stocks, Cryptocurrencies and other instruments.

• Derivative cTrader:The ideal platform for professional traders who need advanced tools and fast connectivity.

• Deriv X:A platform that offers CFD trading with advanced charts from TradingView.

For trading in equity instruments

• Derivative Trader:A user-friendly platform designed to support trading in financial market options and derivative indices.

• Derive Bot:A platform for creating and running trading bots that automatically trade equity instruments.

• Deriv GO:Mobile application ideal for trading options and multipliers in Forex, Crypto and Derived Indices.

• SmartTrader:A user-friendly online platform for trading digital rights instruments on global markets.

Deriv Review: Account Types

On the Deriv MT5 platform, there are 4 account types to meet the needs of traders, as detailed below:

Standard Account

• Spread:From 0.1 pip

• Commission:do not have

• Minimum deposit:do not have

• Asset Type:Financial Assets, Derived Index

• Suitable for:Regular traders who want low spreads and no commissions.

Zero Spread Account

• Spread:0 Pip

• Commission:have

• Minimum deposit:do not have

• Asset Type:Financial Assets, Derived Index

• Suitable for:Professional traders who want 0 pip spreads to control their trading costs.

Swap Free Account

• Spread:From 0.3 pip

• Commission:do not have

• Minimum deposit:do not have

• Asset Type:Financial Assets, Derived Index

• Suitable for:Traders who want to avoid religious swap fees.

Financial Account

• Spread:From 0.2 pip

• Commission:do not have

• Minimum deposit:do not have

• Asset Type:Financial assets

• Suitable for:Traders who focus on trading specific financial assets.

Deposit-Withdrawal

There are over 60 deposit and withdrawal channels to choose from. The main channels are:

• credit & debit cards

• online banking

• mobile payments

• e-wallets

• cryptocurrencies

• on-ramp/off-ramp

• voucher

• Deriv P2P

Customer Service

For investors in Thailand who wish to invest, you can contact customer service through the following channels:

• Live chat 24 hours a day

Broker Review Overview Summary

Deriv is an online broker with a wide range of products and trading platforms, offering commission-free trading and no minimum deposit, making it ideal for beginner traders.

However, the broker also has some significant drawbacks to consider. Despite being regulated by several financial authorities, it lacks certification from a regulatory body with strict standards, which can lead to users lacking confidence in its security. In addition, Deriv’s fee structure is quite complicated. Despite advertising commission-free trading, there are still other costs such as spreads and optional fees that users must understand carefully to avoid unexpected costs. Regulatory systems in each jurisdiction also vary, so it is important to carefully check the regulations relevant to the user’s location.

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Deriv Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide on the broker that suits your needs.