Deriv Broker Review: Features and Benefits

Deriv is a top broker offering CFDs, forex trading, synthetic indices and digital currencies. With various types of Deriv accounts available, including options for beginners and experienced traders, the platform ensures accessibility and diverse trading capabilities. Deriv Investments (Europe) Ltd and other subsidiaries under Deriv Holdings highlight the global presence and organizational structure of the Deriv brand. This article looks at Deriv’s features, benefits and suitability for UK and global traders.

Deriv Broker

Is Deriv a Broker?

Yes, Deriv is a regulated broker that provides access to multiple financial markets including forex, stock indices, and synthetic indices. They are licensed by Labuan Financial Services Authority and Malta Financial Services Authority. It is important to note that 71% of retail investor accounts lose money when trading CFDs with their services, highlighting the high risks involved.

Global Reach and Accessibility

• Available in UK.
• Swap free accounts for all.
• Minimum Deposit: $5 to start trading.

Deriv Broker Features

1. Trading Platforms

Deriv’s trading platform is known for its versatility and reliability, catering to various trading styles:

• Deriv MT5: For forex and CFD trading.
• Deriv X: For customization and advanced charting tools.
• Deriv Trader: For synthetic indices and other assets.
• Deriv Bot: For automated trading.

Derived indices offer unique features and advantages, such as the ability to trade on market trends without being influenced by traditional market hours or events, making them an innovative addition to various trading strategies.

2. Account Types

Deriv has multiple account types for different traders:

• Demo Account: Practice trading risk free.
• Real Account: Multiple deposit methods including wire transfer and digital wallets.
• Swap Free Accounts: For traders who don’t want to pay overnight swap fees.

3. Assets

• Forex: Major and minor currency pairs with tight spreads, allowing traders to profit from exchange rate fluctuations by trading forex.
• Synthetic Indices: Unique instruments that mimic real market volatility.
• CFDs: Stock indices, commodities and more, offering the advantages of trading CFDs such as swift trade execution and risk management through leveraging, while also noting the associated risks and the need for traders to understand these derivatives.
• Digital Currencies: Bitcoin and Ethereum and more.

Regulation and Security by Malta Financial Services Authority

Deriv is regulated by:

• Labuan Financial Services Authority: Compliance and transparency.
• Malta Financial Services Authority: Client funds and trading safety.
• Vanuatu Financial Services Commission: Additional layer of regulation.

5. Support

Deriv’s support team is available 24/7 via live chat, email and help center.

6. Trading Conditions

Fees and Costs

Deriv offers competitive fees and costs for its trading services. The platform does not charge commissions on many of its trading accounts, and the spreads are relatively low, starting from 0.5 pips. However, currency conversion fees may apply when funding accounts in a different currency other than the supported base currencies. This makes Deriv an attractive option for traders looking to minimize their trading costs while accessing a wide range of financial instruments.

Leverage and Spreads

Deriv provides leverage of up to 1:1000, depending on the country of residence and the instrument being traded. This high leverage allows traders to maximize their potential returns, although it also increases the risk. The platform offers competitive spreads, with major currency pairs like EUR/USD and GBP/USD available with spreads starting from just 0.5 pips. This combination of high leverage and low spreads makes Deriv a compelling choice for traders seeking cost-effective trading conditions.

7. Deposit and Withdrawal

Deriv offers a variety of deposit and withdrawal methods, including bank transfers, credit/debit cards, e-wallets, and online banking. The minimum deposit for new accounts is $5, depending on the payment method, which is very low compared to other brokerages. Withdrawals are free of charge, and you can request them through the same methods you used to deposit funds. The minimum withdrawal amount is $5 for selected payment methods and $10 for all other ways. This flexibility and low cost make it easy for traders to manage their funds efficiently.

Benefits of Deriv

1. Low Minimum Deposit and Demo Trading Account

$5 minimum deposit for beginners.

2. Customizable Platforms with Automated Trading

Deriv X and MT5 for advanced tools and automation.

3. Many Assets

Forex to synthetic indices for retail and institutional clients.

4. Negative Balance Protection

Traders can’t lose more than their account balance.

5. Commission Free Trading

Many instruments with competitive fees and no hidden charges.

Deriv Cons

1. High Risk: Trading involves high risk of losing money especially with complex instruments.
2. Not fully FCA regulated in the UK: Although available in the UK, Deriv is not regulated by FCA.
3. Synthetic Indices Volatility: Although unique, these instruments are more volatile.

Education and Research

Deriv provides a range of educational materials, including written and video tutorials, training materials on the MetaTrader platform, and downloadable e-books. The content is relatively basic but covers essential topics that can help beginners get started. Additionally, Deriv offers a blog with market analysis articles and a YouTube channel with video materials, providing valuable insights into market trends and trading strategies.

For those looking to practice their skills, Deriv offers a demo trading account, allowing users to trade with virtual funds in a risk-free environment. This is an excellent way for new traders to familiarize themselves with the platform and develop their trading strategies without risking real money.

While Deriv’s research content is somewhat limited, the platform does offer technical analyses that provide context on market sentiment for various instruments. The market research articles give traders a broad overview of current market developments, and the TradingView platform offers advanced charting tools for more in-depth analysis.

Overall, Deriv’s education and research offerings are suitable for both beginners and experienced traders looking to improve their trading skills. However, those seeking more advanced analysis and market insights may need to supplement Deriv’s resources with additional research tools.

FAQs

Is Deriv in the UK?
Yes, Deriv is available for UK traders with full access to all platforms and assets.

Is Deriv a broker?
Yes, Deriv is a regulated broker offering trading on multiple assets.

What is the minimum deposit for Deriv?
$5 minimum deposit for new traders.

Who is the founder of Deriv broker?
Deriv was founded by Jean-Yves Sireau, online trading pioneer.

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Summary

Deriv is perfect for traders who want flexibility, low fees and synthetic indices. With customizable platforms, automation tools and 24/7 support it’s for both beginners and experienced traders. But be cautious with high leverage trading.

Whether you’re a new trader or looking for advanced tools, Deriv has it all. Try the demo account risk free and see if it suits your trading goals.

Disclaimer: Trading involves risk, and most retail traders lose money. Always understand the risks and seek financial advice before investing.

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