Deriv.com review 2023 – Is it a scam or not? – Test of the broker

Percival Knight Last updated: August 24, 2023

Reviewed by Andre Witzel Binaryoptions.com publishes all articles according to strict editorial guidelines. Through our experienced authors and control system, we publish fact-checked and verified content. We also update our existing content by the newest information and provide our readers the latest news. Read why you can trust us.

Improving your expertise and honing your talents will not raise your possibilities of winning in the binary options market. You should always pick a reputable broker who is concerned about your financial security.

The availability of broker companies in the binary options industry is all over the place. There are many brokerages with fancy terms of service, but it is not always possible to choose a reliable broker.

In this article, we will give you a Deriv forex broker review, also pointing at Deriv broker complaints and answering a common question: “Is Deriv a regular broker?”. We’ve prepared this Deriv.com review to assist you in making the best-educated decision regarding whether to choose the Deriv binary options broker or not. This article will assist you in determining if you can use this brokerage or if it is another scam.

Quick facts about Deriv:

What is Deriv.com?

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Deriv.com was developed to honor Binary.com’s creativity and progress. Over the course of 20 years, the brokerage has evolved by concentrating on the requirements and interests of its clients and on innovations. It enables users to trade FX, commodity markets, equities, and synthetic indexes. 

To start Deriv broker review, let us first look at the foundation firm of Deriv is a brokerage Regent Markets Group, which was established in 1999 with the goal of making internet trading more available to the common people. The Group has since developed and renamed while remaining committed to its core objective. Deriv provided options trading and was bought in 2000 when Regent Markets built its own branch in Malta.

Binary.com has created and founded Deriv.com, which is a relatively fresh trading system in the industry. The latest website, which offers CFDs, binary options, and FX trading, is accessible through an internet interface DTrader, a Metatrader framework (DMT5), as well as an automatic trading platform named DBot.

Binary.com recently experienced a rebranding to the fresh and better interface called Deriv after two decades of providing services to its retail customers. The platform now has a broader asset offering, a better user interface, and a newly designed logo.

Binary.com’s approximately 1 million clients, who are involved in 43 million transactions per month as well as $6 million in monthly payouts, will gradually transfer to Deriv.com.

Although the Marshal Island-based binary trading platform performs well overall and is popular with many brokers, it does have its drawbacks. Many traders appreciate the ability to trade from as little as $0.1, which makes the platform very attractive. Unfortunately, Deriv is unregulated, which is why we cannot give it a full 5 out of 5 stars.

Below you will find a comparison of the pros and cons of the trading platform:

Is Deriv regulated? – Regulation of the broker

Is Deriv a scam or legit? Regulation safeguards consumers against fraudsters. There are several frauds circulating online these days, and therefore we must be cautious. As investors, we understand that the protection of our investments is our main consideration when determining where to invest. Regulations are highly important in the trading sector since a brokerage cannot function legally unless they are licensed and supervised. This protects you since the brokerage is considered to be legitimate and reliable because of these regulations.

Is Deriv a legit broker? Is Deriv a scam broker? Well, it is absolutely legit and safe. In fact, it is a reputable brokerage that is licensed in numerous jurisdictions. Deriv is supervised in the European Union by the Malta Financial Services Authority (MFSA).

The firm is authorized by the Vanuatu Financial Services Commission (FSC) as well as the British Virgin Islands FSC for clients beyond the EU. Furthermore, Deriv.com, the broker, is supervised by Malaysia’s Labuan FSA. Ever since its inception in the trading market, Deriv has been considered a trustworthy broker. The organization is honest and cherishes the confidence of its consumers.

Safety for customers on Deriv

We, as a trader, need to verify the safety of our funds while making trade decisions. Deriv.com is a brokerage that guarantees its users’ funds are not involved in any of its business activities by separating them in a safe and registered organization. The user has the right to withdraw their funds at any moment. 

Moreover, a user remains protected in the unusual occasion where Deriv becomes bankrupt; every bit of the customer’s funds would be refunded to them because it was not combined with the firm’s capital.

Deriv is indeed concerned about the safety of the firm and clientele. As a result, the firm has implemented one of the finest security protocols, like SSL encryption, to safeguard its users’ funds and confidential information.

The firm promises to comply with strict legal and ethical norms. Furthermore, the firm urges its clients to engage in safe and sensible trading. Deriv’s so-called ‘practice safe and sensible trading’ is illuminating and assisting clients in their trading experience.

Some facts about the security of Deriv:

Trading conditions (What are the offers on Deriv?)

Quick facts about the offers of Deriv:

Review of the trading platforms

• A demo account is provided for free
• The maximum leverage is 1:1000
• Minimum investment €/£/$ 5
• Offers more than 100 tradeable assets (FX, commodity markets, equities, and synthetic indexes)
• OTC assets are available on the weekend on Deriv
• 24/7 trading is available
• Deriv Binary options (up to a 100 percent return), forex trade, and CFD trading are available
• Trades are executed quickly
• Offers automatic trading
• Provides trading platforms that are basic but effective

Deriv’s assets include currency, commodity markets, equities, and synthetic indexes. The firm also offers to trade binary options. The firm provides three types of accounts to its clientele: financial account (standard), financial STP account, and demo account. Moreover, the systems are straightforward, user-friendly, and efficient. Does Deriv scam? Definitely – does not! Deriv has a solid history as a dependable brokerage with over twenty years of operating history. So, the answer to “Is Deriv a trusted broker?” is quite sure – Deriv is a trusted broker.

Deriv.com offers 3 trading platforms, as well as Binary.com’s Smart Trader platform.

#1 DTrader

The DTrader system, which can be customized, has a simple design and more than 50 traded assets. With analytical signals and gadgets, charts can be customized to match the demands of traders. Trading options can also be customized, with contract sizes as small as $0.35 and trading durations ranging from 1 second to 1 year.

Maximum payoffs are also more than 200 percent. The DTrader platform is a fantastic development in trading systems, providing an amazing customer experience.

#2 SmartTrader

The SmartTrader operates as a trading system for digitized options. The benefit is that you have additional features and alternatives for initiating a trade in this. The ordering screen is available right in front of you and provides the finest operation. You can view the graph and perform a visual analysis by scrolling down. It has a segment for newbies that explains “how to trade.”

#3 Dbot

Deriv’s DBot system does not require programming. It is a technique generator to trade digital options that are available over the internet. This system includes an automatic bot that executes transactions on your behalf. 

Essentially, it is a platform on which a user can create their own trade bot by dragging and dropping ‘blocks.’ It comes with three pre-built tactics on Deriv and has 50 assets to help you launch your bot, and it costs nothing to create. It offers strong research tools, well-developed signals, and clever concepts such as book profit and stop-loss.

This clever approach optimizes earnings while limiting losses. DBot is simple to operate and extremely efficient. It also includes a monitor that tells you about your bot’s performance with every transaction done. All alerts are delivered through Telegram. You can efficiently and simply create your personal trade bot.

#4 DMT5

It is a system, which integrates MT5 and associated analytical and research tools, is simple to operate, and is full of excellent features. It is an excellent combo for traders of all skill levels. It is totally customizable, allowing traders to build up indicators and trading regions as they see fit. Various trade panels can be opened at the same time, or single panels can be separated and relocated as needed.

Asset categories are simple to identify and explore — The system has over 70 products, and this count is constantly expanding as the business grows. Leverage of up to 1:1000 is also provided. Moreover, trade volumes ranging from micro-lots to 30 regular lots are offered.

Account types offered by Deriv

Let us tell you a little more about the Deriv Broker. The platform offers 3 different account options with access to different trading assets.

#1 Synthetic Account

This account enables trade on synthetic indices, which are indexes meant to imitate the movements of actual assets. Still, these assets are not affected by real-life activities like central bank announcements, financial reports, etc. This account’s leverage can be extended up to 1:1000.

The account allows you to trade all over the week, making it extremely handy. Since no other brokerage provides synthetic assets to trade with, it is the most preferred account option on Deriv.com.

#2 Financial Account

This standard account allows both novice and professional traders to deal with commodities, cryptos, main (regular and micro-lots), and small currency pairings with substantial leverages. This account provides users with a high level of leverage and changeable margins for optimum convenience.

#3 Financial STP Account

This account allows you to trade with minor, exotic, and major currency pairings with narrow margins and huge trading volumes. This is a 100 percent book account in which investors’ trades are sent directly to the marketplace. 

Traders now have direct access to the FX liquidity provider. An impartial third party audits these accounts for impartiality and enables users to trade contracts for difference (CFDs) on synthesized indexes.

#4 Free Demo Account

Deriv provides a demo account as one of its fundamental mission as a brokerage that supports safe and ethical trading. The organization encourages its customers to recognize that trading is a critical practice that has a significant level of risk. 

This free demo account is available on every Deriv platform and is easy to access. All you need is a Deriv login to use your account. The demo account requires your email address and you will be redirected to it immediately. This demo account has $10,000 in fictitious money.

How to open an account on Deriv?

Creating a real account on Deriv is simple and quick. You just need to have is a valid email address, and you can signup instantly. If you have an account on Binary.com, you can also use the same login ID and password to access Deriv.

The procedure of creating an account with Deriv is straightforward. The steps are as follows:

1. Browse to the Deriv homepage 
2. In the signup screen, select the “Create free demo account” option or signup using a social networking site.
3. Specify your email address, tick the box, and then press the “Create demo account” option.
4. A mail with a hyperlink to validate your Deriv registration will be sent to your email account. To verify, select the “Verify my email” option.
5. Now, you will be redirected to a new screen where you may set up a new demo account, specify your location, provide an account password, and hit “Start trading.”

Cheers! Your Demo Account setup is complete! You will get $10,000 virtual money to trade with your Demo Account.

To open a real account, follow the below-mentioned steps:

1. Select the “Real” tab on the left side of the “Demo” tab.
2. Below that, you will “Deriv Accounts,” select the “Add” option.
3. Then, select the currency and then press the “Next” button.
4. Provide your personal information and then select “Next.”
5. Input your location information and then select “Next.”
6. Review Deriv’s Terms of Service, tick the box, and then hit the “Add account” option.
7. Your Real Account signup is complete.

Fees & spreads

Deriv.com guarantees narrow spreads and low trading costs. Because the organization is still in the process of implementing its latest program, regular spreads and fee figures are limited. Binary.com, on the other hand, had a good image for moderate spreads and a clear price framework.

Accounts that have been unused for one year may be imposed an inactive penalty.

The firm doesn’t charge any fees or charges for deposits or withdrawals.

App for mobile

Deriv.com customers do not presently have access to mobile trade. However, this is most likely owing to the rebranding and framework revamp. We believe that after this procedure is completed, the firm will provide its platforms accessible via mobile apps.

Leverage 

Investors use deriv.com because of the variable leverages it provides. Traders have access to leverage of up to 1: 1000.

These variable leverages enabled investors to increase their anticipated profits by moving to a larger lot size with little investment.

It is crucial to remember that margin limits and leverage ratios will differ depending on the type of account and country in which the profile is registered.

Deposits and withdrawals on Deriv

Bank wire transfers, credit/debit cards, e-wallets, and cryptocurrencies are all acceptable methods of deposit. Bank money transfers require as little as $5 of initial deposit.

Basic payments of 10 $ / £ / € / Au are needed while using Visa or MasterCard credit and debit cards.

E-wallets like Skrill, Neteller, Fasapay, Webmoney, Paysafe, and many others are accessible with a nominal investment of $5.

Real-time deposits are offered for bank wire transfers, card payments, and e-wallets.

Cryptocurrencies can be used to deposit money as well. BTC, Ether, LTC, and Tether are examples. There is no minimum payment requirement for them. 3 blockchain approvals are required to complete the transactions.

Withdrawals offer choices similar to deposits. According to the operator, a bank transfer would begin with a minimum withdrawal of $5.

It can take up to 2 days to complete. For bank cards, the least withdrawal is $10 and takes a maximum of one day to process.

Note: MasterCard and Maestro withdrawals are available for traders from the United Kingdom only.

To withdraw money using an e-wallet, at least 5 of the main currency must be withdrawn. It is completed within 1 business day.

Furthermore, Bitkin has the least withdrawal amount amongst cryptocurrencies, at 0.0026. It takes one day to execute using 3 blockchain confirmations.

Clients of Deriv.com doesn’t levy extra charges to withdraw earnings, just as they are not charged for deposit. As a result, Deriv is among the best available and cost-effective brokerages for withdrawals and deposits.

Bonus & incentives

Deriv provides a variety of discounts and incentives to its customers. The FX platform offers a no-deposit welcome bonus. These promo codes may be found in a variety of sources.

With deriv.com, there are fewer offers available. This is due to the fact that it is currently going through a change.

Traders can anticipate better offers once the switch from Binary.com is complete. However, given the broker’s promises of cheap minimum deposits and minimal fees, it’s rather predictable. Furthermore, a 2018 EU legislation limits the benefits Deriv.com may provide to European traders.

Nonetheless, it’s worth focusing on Deriv’s homepage for potential fresh signup incentives and existing client benefits.

Customer support

Customer assistance is accessible 24X7, much like trading. The global support desk’s telephone support number is +44 1942 316889.

Customer service can be reached at [email protected]. There are 2 ways to reach deriv.com customer service:

Support Center: – This is a self-service facility that assists in identifying solutions to a wide range of queries about accounts and any difficulties on the system.

Ask the community: — This facility provides a list of concerns that existing users have answered, and the user can utilize these responses to discover the best possible solution.

Security

To protect important customer information, Deriv employs SSL web authentication. Their safety regulations are industry-standard, so clients can rely on the brokerage to protect their confidential data.

Accepted and banned countries

Deriv only enables users above the age of 18 to use its products. Furthermore, this firm’s services are not available in nations like Hong Kong, The United States, and Canada.

Suppose you are a citizen of Malta, Canada, France, Hong Kong, Israel, UAE, Malaysia, Paraguay, the United States, or a prohibited nation listed by the Financial Action Task Force (FATF) as exhibiting significant inadequacies. In that case, you will be unable to set up an account on Deriv.

Comparison of Deriv with other binary brokers:

If we compare Deriv with other brokers, we can say that Deriv is one of the best binary brokers out there. We have given Deriv 5 out of 5 stars. Its unique selling point is the regulation by several authorities and the excellent user experience. Here is a comparison between IQ Option and Pocket Option:

See more alternatives in our comparisons with other brokers:

• Pocket Option vs Deriv
• Deriv vs Binomo

Wrapping up – Is Deriv legit or not? – We think, yes!

In this Deriv trading review, we want to give you the answer to whether Deriv is legit. The answer is yes. Deriv has been functioning legally in the trade market for over two decades, and has been upgraded, improved, and is continually developing. The organization drives development and has made it a priority to provide excellent service to its consumers. The redesign provided additional options and alternatives for traders in terms of how they wanted respective trades to go.

It allows you to invest and pick from over 100 instruments, including Forex, equities, commodities, and indexes. It has a large selection of options for trading. The platforms are straightforward, user-friendly, and robust. The firm offers hefty leverage of approx. 1:1000. The tools have been developed and improved, and customer care is efficient and polite. 

This firm is recommended because of its expertise, verified statistics, and commitment to servicing its clients through its goods and facilities. We can state that Binary.com’s makeover is solid, well-thought-out, and worthwhile.

Most asked questions (FAQs) about Deriv: