Deriv is a popular online broker that offers a variety of trading options for users around the world. This article provides a detailed review of Deriv, covering everything from regulatory compliance to trading platforms, account types, and customer support. Whether you’re a beginner or an experienced trader, you’ll find valuable information to help you decide if Deriv is the right broker for you.
Key Takeaways
Deriv is regulated by multiple global authorities, ensuring a secure trading environment.
The broker offers various trading platforms, including MetaTrader 5 and its own proprietary platforms.
Deriv provides multiple account types to cater to different trading needs and preferences.
A wide range of deposit and withdrawal methods are available, making transactions convenient.
Customer support is available 24/7 in multiple languages to assist traders from around the world.
Regulatory Compliance and Licensing
Global Regulatory Bodies
Deriv operates under several global regulatory bodies to ensure a secure and transparent trading environment. These include the Malta Financial Services Authority (MFSA), the Labuan Financial Services Authority (LFSA), the British Virgin Islands Financial Services Commission (BVI FSC), and the Vanuatu Financial Services Commission (VFSC). Each of these regulators has its own set of rules and requirements that Deriv must follow.
Licenses Held by Deriv
Deriv holds multiple licenses across different jurisdictions. For example,:
Malta: Regulated by the Malta Financial Services Authority (MFSA)
Labuan: Regulated by the Labuan Financial Services Authority (LFSA)
British Virgin Islands: Regulated by the BVI Financial Services Commission (BVI FSC)
Vanuatu: Regulated by the Vanuatu Financial Services Commission (VFSC)
St. Vincent and the Grenadines: Operates under Deriv (SVG) LLC, which is not regulated.
Furthermore, Deriv has complaince measures in place to safeguard clients’ funds.
Compliance Measures
Deriv takes several measures to ensure compliance with regulatory standards. These include holding clients’ funds in segregated accounts, which means the money is not used for the broker’s business purposes. This boosts the safety of clients’ funds in case the broker faces financial issues. Additionally, Deriv offers negative balance protection to prevent clients from losing more money than they have in their accounts.
Deriv Account Types and Terms
Different Account Options
Deriv offers several account types to cater to various trading needs. These include the Deriv Standard Account, Financial Account, and , Zero Spread and the Swap Free Account. Each account type is available in both demo and real versions, allowing traders to practice before committing real funds. Notably, all accounts offer a maximum leverage of up to 1:1000 and access to a wide range of trading instruments, including synthetics, Forex, stocks, indices, commodities, and cryptocurrencies.
Deriv account Opening Process
Opening an account with Deriv is straightforward. Follow these steps:
Visit the Deriv website
Once you click that option, choose the Sign Up Now option as shown below.
A window to enter your email address will pop up as below:
Once you have entered your email, agree to the terms and conditions (after you would have read them). Click the Create Demo account option and you will be notified that an email has been sent to your registered email.
Head over to your email and check the current email from Deriv.
Open the Deriv email and locate the Verify Email button.
After that, you will be redirected to the page whereby you will enter your basic information. Firstly, you must select your country and then choose your citizenship later on.
Subsequently, you must enter your Deriv password. Following that, hit the Start Trading button.
However, please note that Deriv has the option of setting your Main Account password (also known as CR account) and the Meta Trader 5 (password) specifically known as MT5.