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Forex

Retail Broker

Deriv

About Company

Overview

Information

Review

Summarization

THIS SERVICE IS NOT AVAILABLE IN YOUR REGION

Unproved

Unproved

Deriv

Malta

1999 (26 Years)

34 Reviews

Please carefully consider your options and choose the service that best meets your needs.

Beware

2.69/5

Provided by TrustFinance

License

5.00

Verification on TrustFinance

0.00

Traffic & Engagement

4.33

Social look up

2.75

Provided by TrustFinance

License

BVI FSC...

Regulated

Licenses No: 1841206

VFSC

Regulated

Licenses No: 14556

FSA

Regulated

Licenses No: 273

What are the differences in regulations for each ?

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

License

BVI FSC...

Regulated

Licenses No: 1841206

VFSC

Regulated

Licenses No: 14556

FSA

Regulated

Licenses No: 273

What are the differences in regulations for each ?

Deriv - Pros and Cons

Pros

Offers a variety of trading platforms.
No minimum deposit requirement.
Regulated by multiple financial authorities.

Cons

While regulated by several authorities, it lacks licenses from top-tier financial regulators.
Limited educational resources.
Customer support is not available in Thai, which may be inconvenient for Thai traders not proficient in English.
Additional fees apply, such as a $5 monthly inactivity fee.
Leverage is limited, with a maximum of 1:1000.
Negative balance protection is not available for all account types.
Deposit and withdrawal processing times can be longer compared to other brokers.

Pros

Offers a variety of trading platforms.
No minimum deposit requirement.
Regulated by multiple financial authorities.

Cons

While regulated by several authorities, it lacks licenses from top-tier financial regulators.
Limited educational resources.
Customer support is not available in Thai, which may be inconvenient for Thai traders not proficient in English.
Additional fees apply, such as a $5 monthly inactivity fee.
Leverage is limited, with a maximum of 1:1000.
Negative balance protection is not available for all account types.
Deposit and withdrawal processing times can be longer compared to other brokers.

Users who look Deriv also look…

News

TrustFinance Intelligence Agency

Research date: Feb 28, 2025

The website provides a comprehensive overview of trading options including Forex, cryptocurrencies, stocks, and commodities. It features live rates, trading signals, educational resources, broker reviews, and various tools for traders. The content includes guides on trading strategies, forecasts for different assets, and comparisons of trading platforms. The site emphasizes the importance of understanding risks associated with trading and offers insights into market trends and trading opportunities.

The website provides a comprehensive overview of trading options including Forex, cryptocurrencies, stocks, and commodities. It features live rates, trading signals, educational resources, broker reviews, and various tools for traders. The content includes guides on trading strategies, forecasts for different assets, and comparisons of trading platforms. The site emphasizes the importance of understanding risks associated with trading and offers insights into market trends and trading opportunities.

The content provides an overview of the regulation status of Deriv, a Forex broker, indicating that it is regulated by several authorities including the BVI FSC, VFSC, MFSA, and The Financial Commission. It highlights the importance of regulatory oversight for broker reliability and safety, explaining the different tiers of regulation. The article emphasizes that Deriv operates under Tier-2 regulations, suggesting a reasonable level of safety and adherence to financial standards. Furthermore, it advises on how to verify a broker's regulatory status and includes comparisons with Tier-1 regulated competitors.

The content provides an overview of the regulation status of Deriv, a Forex broker, indicating that it is regulated by several authorities including the BVI FSC, VFSC, MFSA, and The Financial Commission. It highlights the importance of regulatory oversight for broker reliability and safety, explaining the different tiers of regulation. The article emphasizes that Deriv operates under Tier-2 regulations, suggesting a reasonable level of safety and adherence to financial standards. Furthermore, it advises on how to verify a broker's regulatory status and includes comparisons with Tier-1 regulated competitors.

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Reviews

Highlight Review

Review Analytic

Bala Murugan

Direct review

Bad

Overall Thought

Hi Kabidev, Thank you for sending your proof of address. However, your documents have failed our standard checks. Due to this, we regret to inform you that we’ve disabled your Deriv account permanently CR6591064 and freeze your balance with it as per our terms and conditions But my address proof already verified. And i withdrew my funds three time. But They blocked my account and saying my document didn't pass . They didn't refund my money. Please don't try this scam website If you take profit continuously your account will be deactivated. ..

Feb 8, 2024

Keone Oageng

Invited review

Poor

Overall Thought

My last experience with deriv customer service was horrible , the customer service agent acted like a robot , not taking into cons what I said to her; Deriv had an online platform where traders sell each other dollars and the seller decides which payment method they prefer, however it turns out deriv has no idea how to deal with payment methods that are not bank transfer, since the only method they ask for as evidence is the bank transfer. I wish they could train their agents to think outside the box

Nov 28, 2023

kesaobaka diepo

Invited review

Bad

Overall Thought

It took days just to verify my account... After making profit i was not allowed to withdraw using the same means of deposit which is via debit card... I tried asking customer support to help me switch so that i can withdraw via agent but they failed to help on many occasions... Eventually i ended up losing all my profit because i was trading with frustration... Honestly this broker is bad... The customer support is incompetent that its very hard to get any real assistance

Nov 16, 2023

Social look up

Average

Total 1 Cases

Reference of img

Feb 15,202408:02

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King Owonibi

Direct review Dot icon

2 Nov

Overall Thought

Average

Deriv is a good broker for trading the synthetic market, but slow execution of trades.

Bala Murugan

Direct review Dot icon

8 Feb

Overall Thought

Bad

Hi Kabidev, Thank you for sending your proof of address. However, your documents have failed our standard checks. Due to this, we regret to inform you that we’ve disabled your Deriv account permanently CR6591064 and freeze your balance with it as per our terms and conditions But my address proof already verified. And i withdrew my funds three time. But They blocked my account and saying my document didn't pass . They didn't refund my money. Please don't try this scam website If you take profit continuously your account will be deactivated. ..

Deriv :

Feb 14

Dear Bala,Thank you for posting a review and we’re sorry to hear that your experience was not up to standards. We appreciated your given opportunity for us to investigate your feedback further and be assured that our team has reached out to you via email for more information.

VALERIA CECILIA

Invited review Dot icon

17 Dec

Overall Thought

Bad

The plattaform stops to work and not only Sundays for the maintaince. How you can work safely?

Deriv :

Dec 20

Hi Valeria, thank you for your review. We're sorry your experience didn't meet our standards. Our team has reached out via email for more information. Your cooperation is highly appreciated. Thank you.

Orji Ifeanyi

Invited review Dot icon

28 Nov

Overall Thought

Bad

I lost everything, all the time you people are upgrading your site, I’m so sad

Deriv :

Nov 29

Hi Orji, thank you for your review. We're sorry your experience didn't meet our standards. Our team has reached out via email for more information. Your cooperation is highly appreciated. Thank you.

Peggy Mmata

Invited review Dot icon

28 Nov

Overall Thought

Bad

My account was hacked and Deriv offered no solution’s

Deriv :

Nov 29

Hi Peggy, thank you for your review. We're sorry your experience didn't meet our standards. Our team has reached out via email for more information. Your cooperation is highly appreciated. Thank you.

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Summarization

Deriv Review: Is Deriv Broker Good?

Broker overview and general information

Deriv is an online broker founded in 1999 with over 25 years of experience in the online trading industry. The company offers a wide range of trading products such as Forex, Stocks, Indices, Commodities, Cryptocurrencies, and is trusted by over 2.5 million traders worldwide.

Deriv Group started in 1999, pioneering the world's first fixed-odds trading service. Throughout the years, the company has continuously expanded its services and products to meet the needs of traders around the world. In 2024, the broker will celebrate 25 years of trust, service and innovation, with a focus on international expansion and the development of new innovations.

Broker Licensing and Regulation

If you ask whether Deriv is good or not, you must first consider the license factor, which has the following licenses:

British Virgin Islands Financial Services Commission (BVI FSC) License No. 1841206 under Deriv (BVI) Ltd.
Vanuatu Financial Services Commission (VFSC) License No. 14556 under Deriv (V) Ltd.
FINANCIAL SERVICES AUTHORITY St Vincent & The Grenadines (FSA) License No. 273 under DERIV (SVG) LLC.
Labuan FSA License No. LL13394 under Deriv (FX) Ltd.

⚠️Warning:For Mauritius' Financial Services Commission (FSC) license number GB24101229, the inspection did not find the information as stated by the broker. Therefore, it should be considered and checked again carefully.

Broker Products and Services

Trading products

Forex: Major, Minor and Exotic Currency Pairs
Indices received: Indices simulate real markets with 24/7 trading.
Stocks and Indices: Leading global stocks and indices
Commodities: Global markets include precious metals and energy.
Cryptocurrencies: The world's most popular cryptocurrencies
Exchange-Traded Funds (ETFs): A diversified portfolio of exchange-traded funds that provide broad market exposure.

Trading Platform

For CFD trading

Deriv MT5:MetaTrader 5 platform for trading CFDs on Forex, Stocks, Cryptocurrencies and other instruments.
Derivative cTrader:The ideal platform for professional traders who need advanced tools and fast connectivity.
Deriv X:A platform that offers CFD trading with advanced charts from TradingView.

For trading in equity instruments

Derivative Trader:A user-friendly platform designed to support trading in financial market options and derivative indices.
Derive Bot:A platform for creating and running trading bots that automatically trade equity instruments.
Deriv GO:Mobile application ideal for trading options and multipliers in Forex, Crypto and Derived Indices.
SmartTrader:A user-friendly online platform for trading digital rights instruments on global markets.

Deriv Review: Account Types

On the Deriv MT5 platform, there are 4 account types to meet the needs of traders, as detailed below:

Standard Account

Spread:From 0.1 pip
Commission:do not have
Minimum deposit:do not have
Asset Type:Financial Assets, Derived Index
Suitable for:Regular traders who want low spreads and no commissions.

Zero Spread Account

Spread:0 Pip
Commission:have
Minimum deposit:do not have
Asset Type:Financial Assets, Derived Index
Suitable for:Professional traders who want 0 pip spreads to control their trading costs.

Swap Free Account

Spread:From 0.3 pip
Commission:do not have
Minimum deposit:do not have
Asset Type:Financial Assets, Derived Index
Suitable for:Traders who want to avoid religious swap fees.

Financial Account

Spread:From 0.2 pip
Commission:do not have
Minimum deposit:do not have
Asset Type:Financial assets
Suitable for:Traders who focus on trading specific financial assets.

Deposit-Withdrawal

There are over 60 deposit and withdrawal channels to choose from. The main channels are:

credit & debit cards
online banking
mobile payments
e-wallets
cryptocurrencies
on-ramp/off-ramp
voucher
Deriv P2P

Customer Service

For investors in Thailand who wish to invest, you can contact customer service through the following channels:

Live chat 24 hours a day

Broker Review Overview Summary

Deriv is an online broker with a wide range of products and trading platforms, offering commission-free trading and no minimum deposit, making it ideal for beginner traders.

However, the broker also has some significant drawbacks to consider. Despite being regulated by several financial authorities, it lacks certification from a regulatory body with strict standards, which can lead to users lacking confidence in its security. In addition, Deriv’s fee structure is quite complicated. Despite advertising commission-free trading, there are still other costs such as spreads and optional fees that users must understand carefully to avoid unexpected costs. Regulatory systems in each jurisdiction also vary, so it is important to carefully check the regulations relevant to the user’s location.

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Deriv Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide on the broker that suits your needs.