Brokers

Online Forex Broker Review

By Stelian Olar, Updated on: Jul 13 2024.

With over two decades of experience in the online trading industry, Deriv has cemented its reputation as a leading global Forex broker, catering to the diverse needs of traders worldwide. Established with the mission of making trading accessible to all, Deriv offers a range of innovative and user-friendly trading platforms tailored for digitally engaged Forex traders, regardless of their account size.

One of the standout features of Deriv is its comprehensive product portfolio, which includes a wide array of derivative instruments such as:

• Forex currency pair
• Stocks,
• Indices,
• Cryptocurrencies,
• Commodities,
• ETFs,
• and derived Indices.

This diverse offering ensures that traders can explore various financial markets and diversify their investment trading strategies according to their preferences and risk appetite.

Deriv Demo Account

For beginners and those seeking a low-risk introduction to trading, Deriv provides a fully-featured demo account, allowing users to familiarize themselves with the platform's functionality and test their trading strategies as well as Expert Advisors (EAs) in a risk-free environment.

When you're ready to transition from the risk-free demo environment to live trading, Deriv offers a range of trading account options to suit diverse trading styles and preferences. There are three types of Deriv MT5 accounts available:

1. Financial – This is the standard account type for trading CFDs on a variety of assets. 
2. Derived – This account type allows you to trade on Deriv's proprietary synthetic indices.
3. Swap-free – This trading account doesn’t come with overnight financing charges, which typically apply to positions held overnight.

In addition to the Deriv MT5 accounts, Deriv provides several other account types like Deriv cTrader which allows trading CFDs on financial and derived instruments with the added benefit of copy trading, exclusively on the cTrader platform. 

Deriv X account provides access to CFDs on financial and derived instruments through a highly customizable trading platform tailored to your preferences. To trade options and multipliers, you'll need to open a Deriv trading account, which serves as the gateway to Deriv's proprietary platforms like Deriv Trader and Deriv Bot.

Deriv Educational Resources

Additionally, Deriv's commitment to education is evident through its extensive library of educational resources, including video tutorials and webinars, designed to equip traders with the necessary knowledge and skills to navigate the markets confidently.

Regulation and Licensing

Transparency and regulatory compliance are at the forefront of Deriv's operations. The broker holds top-tier licenses from reputable regulatory bodies such as the Malta Financial Services Authority (MFSA), Labuan Financial Services Authority (Labuan FSA), British Virgin Islands Financial Services Commission (FSC), and Vanuatu Financial Services Commission (VFSC).

These licenses ensure that Deriv adheres to stringent standards and provides a secure and fair trading environment for its clients.

Deriv Trading Platforms

Deriv's commitment to innovation is exemplified by its powerful yet intuitive trading platforms, which include the popular MetaTrader 5 (MT5), cTrader, and a proprietary web-based platform. Deriv’s suite of trading platforms include:

• Deriv MT5: MetaTrader 5 trading platform.
• Deriv X: A multi-asset trading platform with feature-rich charts and functionalities
• Deriv cTrader: cTrader trading platform that features Level 2 data
• SmartTrader: Options trading platform
• Deriv Trader: Web-based trading platform.
• Deriv Go: A mobile app ideal for on-the-go trading.
• Deriv Bot: Allows users to automate their trades without needing to code.

These platforms are designed with a user-friendly interface and equipped with advanced charting tools, technical indicators, and real-time market data, empowering traders to make informed decisions and execute trades efficiently.

Payment Methods

Deriv offers a variety of convenient deposit and withdrawal methods to suit your needs. Here's a breakdown of some popular options:

Credit & Debit Cards (Visa and MasterCard):

E-wallets:

Online banking:

Deriv offers several localized and innovative payment solutions for clients from Latin America, allowing a familiar and trusted method for account deposits and withdrawals. Catering to a global audience, Deriv accepts Perfect Money, a widely used digital payment system that offers secure and cost-effective transactions in multiple currencies. 

Furthermore, Deriv recognizes the growing adoption of cryptocurrencies and has integrated popular cryptocurrencies as accepted payment methods.

Disclaimer:

Payment methods may differ depending on your country of residence. For more information, visit - www.deriv.com.

Spread and Commissions

Competitive pricing and tight spreads are another notable advantage offered by Deriv. With an average EUR/USD spread of 0.5 pips and no hidden commissions or fees, traders can enjoy cost-effective trading opportunities across various asset classes.

Customer support

Customer support is a priority at Deriv, with a dedicated team available 24/7 to assist traders with any queries or concerns. Whether through live chat, or WhatsApp, traders can expect prompt and knowledgeable assistance, ensuring a seamless trading experience.

Overall, Deriv's innovative approach, diverse product offering, beginner-friendly platforms, competitive pricing, and commitment to regulatory compliance make it a compelling choice for forex traders seeking a reliable and user-friendly trading environment.

Experience Deriv's innovative trading platform risk-free by opening a free demo account today. Traders can test strategies and Expert Advisors across diverse markets like forex, stocks, and crypto while utilizing advanced tools and resources. With no financial risk, it's the perfect way to build confidence before live trading.

Deriv Affiliate Partnership Opportunities

Deriv offers not only a variety of trading options but also a rewarding Affiliate Program for partners who want to earn commissions by referring new clients.

Why Partner with Deriv?

• Strong Track Record:  Deriv boasts over 60,000 affiliates, $47 million+ paid out, and a presence in over 190 countries.
• Seamless Trading Experience:  Your referred clients will benefit from Deriv's user-friendly platform, advanced tools, and a wide range of financial instruments.
• Multiple Affiliate Programs

Deriv’s affiliate program offers multiple partnership options tailored to different affiliate needs such as the Revenue Share plan where one can earn an impressive lifetime commission based on the referred clients' monthly net revenue from trades on Deriv's platforms. 

The affiliate program is open to trading experts, developers, community managers and anyone passionate about finance. Simply apply, get approved, and gain access to tracking tools and creative assets to drive referrals and maximize your earnings potential with Deriv.

Restricted Countries

Deriv does not operate in certain countries due to regulatory reasons. Here's a non-exhaustive list of some restricted countries: Alderney, Belarus, Canada, the Cayman Islands, Guernsey, Hong Kong, Israel, Jersey, Jordan, Malaysia, Malta, Rwanda, Paraguay, Singapore, the United Arab Emirates, the United States of America. Banned countries: Any country that has been identified by the Financial Action Task Force (FATF) as subject to a call for action (e.g. Myanmar and Iran).