Question 1

Is Deriv a regulated and safe broker for forex and CFD trading?

Accepted Answer

Deriv is regulated across multiple jurisdictions with entities licensed by the Malta Financial Services Authority (MFSA) ranked as a Tier-1 regulator, the British Virgin Islands Financial Services Commission (FSC), the Labuan Financial Services Authority (LFSA) in Malaysia, and the Vanuatu Financial Services Commission (VFSC), both Tier-3 regulators. The broker ensures client fund safety through segregation of client funds, negative balance protection, and participation in compensation schemes protecting clients up to EUR 20,000 under either The Financial Commission or the Investor Compensation Fund (ICF). Deriv operates with a stable corporate history since 1999 and is a member of The Financial Commission, contributing to its overall safety profile for traders.

Question 2

What are the trading costs and fees associated with Deriv trading accounts?

Accepted Answer

Deriv offers very competitive trading costs, including commission-free trading with floating spreads starting from 0.1 pips on the Standard account and spreads as low as 0 pips on the Zero Spread account where commissions do apply. The broker's crude oil spreads are among the lowest in the industry, making it highly affordable especially for commodities traders. Overnight swap fees are in line with industry averages and there are no deposit or withdrawal handling fees charged by Deriv, although third-party bank fees may apply. Inactive accounts over 12 months incur a $25 monthly inactivity fee. Overall, Deriv's fee structure is favorable and transparent, supporting various trader styles.

Question 3

What is the minimum deposit required to open a trading account with Deriv?

Accepted Answer

The minimum deposit required to open a live Deriv trading account is exceptionally low at $5, making it accessible to a wide range of traders including beginners. This low entry threshold applies across several account types and is complemented by multiple base currency options such as USD, EUR, GBP, and several cryptocurrencies including Bitcoin, Tether, Ethereum, and Litecoin. The ease of funding the account with diverse deposit methods including cryptocurrencies and e-wallets further enhances accessibility.

Question 4

What deposit and withdrawal methods does Deriv support, and how efficient is the process?

Accepted Answer

Deriv supports a broad range of deposit and withdrawal methods, including bank wire, credit and debit cards, multiple e-wallets such as Skrill and Neteller, as well as popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Tether. Deposits are typically processed instantly across most methods without any deposit fees. Withdrawals are generally processed within one business day and are free of handling fees charged by Deriv, although third-party fees may apply. The broker also offers localized payment options depending on the region. Overall, the deposit and withdrawal process is efficient and well-suited to global clients, supporting fast and convenient fund management.

Question 5

Is Deriv beginner-friendly for new forex and CFD traders?

Accepted Answer

Deriv can be considered beginner-friendly due to its low minimum deposit of $5 and the provision of a demo account that allows novice traders to practice risk-free with virtual funds. The broker offers an extensive selection of trading platforms catering to different levels of expertise, including user-friendly options such as DTrader for trading ease and DBot for no-code automated trading. Educational resources include a comprehensive multi-language e-book and various video tutorials. However, the overall educational and research content is somewhat limited, which means beginners may need to supplement their learning independently.

Question 6

What types of trading platforms and tools does Deriv provide to accommodate different trading styles?

Accepted Answer

Deriv offers seven different trading platforms designed to cater to a variety of trading styles and preferences. These include MetaTrader 5 (MT5) for advanced automated and manual trading, cTrader for sophisticated charting and copy trading, proprietary platforms like Deriv X with advanced technical analysis and built-in trading journals, Deriv Trader for options and multipliers, DBot for easy algorithmic trading without coding, SmartTrader for options trading, and Deriv GO mobile app for trading on the go. These platforms support multiple devices and provide features such as strategy testers, one-click trading, and API tools for trade automation, making them suitable for casual, algorithmic, swing, and day traders.

Question 7

What tradable instruments are available at Deriv for investors seeking diversification?

Accepted Answer

Deriv offers a diverse range of over 270 financial instruments allowing for extensive portfolio diversification. These include 70 forex pairs covering major, minor, and exotic currencies; 14 commodities including precious metals and energies; 19 stock indices from various global markets; 31 cryptocurrencies such as Bitcoin and Ethereum; 57 share CFDs representing global tech, finance, and retail companies; 53 derived indices like volatility and crash indices; and 31 ETFs. Additionally, the broker provides options and unique multipliers contracts, broadening opportunities for trading strategies beyond CFDs alone.

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