Review 2023

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Written By
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Written By
Rebecca Holden
Rebecca is a freelance investment writer and broker analyst. She has evaluated dozens of brokers and trading platforms. Rebecca formerly worked in e-commerce where she helped grow the online presence of some of the UK's largest brands.
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Edited By
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Edited By
James Barra
James is an investment writer with a background in financial services. He has worked as a management consultant, where he delivered large-scale operational transformational programmes at some of the world’s biggest banks. James also has a passion for the retail investing landscape, from finding the best trading brokers to navigating the latest market trends. He authors, edits and fact-checks content for a series of investing websites.
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Fact Checked By
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Fact Checked By
Tobias Robinson
Tobias is a partner at, Director of a UK limited company, and active trader. With 25+ years experience trading across a range of investment types, Tobias brings a wealth of experience to the testing and rating team. Tobias also contributes market analysis and commentary articles for websites in the financial niche.
/ 5 is #3 in our binary options broker rankings. will suit traders looking for CFDs and multipliers with high leverage up to 1:1000. The broker is also the industry leader in synthetic indices, which simulate real market movements and are available around the clock.

- DayTrading Review Team is a multi-asset broker with over 2.5 million global clients. The firm offers CFDs and multipliers, alongside proprietary synthetic products which can't be found elsewhere. Deriv provides both its own in-house trading software and the hugely popular MetaTrader 5.


Demo Account

Copy Trading

Trade Signals
CFDs, Multipliers, Forex, Stocks, Indices, Commodities
Neteller, Wire Transfer, Credit Card, Visa, Skrill
and 17 more

Binary Options Trading offers premium binary options on traditional and emerging financial markets with payouts up to 50,000 USD. Binaries are available 24/7, 365 days a year on a secure platform with responsive customer support.

Forex Trading

Clients can go long or short on a string of major, minor and exotic currency pairs. Spreads are competitive vs alternatives starting at 0.5 pips. Forex CFDs are available via MT5 and multipliers on the broker's beginner-friendly DTrader.

Stock Trading

Speculate on big stocks like IBM, Netflix and BMW, along with equity indices like the S&P 500. Deriv also offers extended hours trading up to 18 hours a day on shares with support 7 days a week.

CFD Trading

Trade CFDs on popular markets, including the broker's exclusive synthetic indices which are available 24/7. New users can open an account and start trading CFDs instantly.

Crypto Trading offers a modest selection of 25+ crypto pairs with tight spreads and zero commissions. 1:2 leverage is also available so you can magnify potential returns.

Copy Trading

Replicate the positions of experienced traders through signals on DMT5. Receive signals in real-time and decide whether to action trades in your own account.

✓ Pros

  • Multipliers to increase potential profits with 1:1000 leverage
  • Range of deposit and withdrawal methods with zero payment fees
  • Live 24/7, including the weekends
  • Multi-regulated online brokerage
  • Choice of investing platforms
  • Low $5 minimum deposit
  • Free demo account
  • Payouts of 100%+

✗ Cons

  • No sign-up bonuses and on-going promotions
  • Limited social and copy trading functionality

Deriv is an online brokerage developed and backed by Offering CFDs, binary options and forex, the company delivers trading via a web-based platform (DTrader), an MT5 terminal (DMT5), and an automated trading system (DBot). Our 2023 review covers the investing apps, minimum deposit, asset lists, leverage and more. Find out what our experts made of

Company Details

After 20 years of serving retail clients, has undergone a rebrand to the new and improved Deriv. The platform offers an expanded product range, an enhanced user experience, plus a shiny new logo.

In a gradual transition,’s over one million customers, responsible for 43 million trades each month and $6 million in monthly withdrawals, have migrated to

Under the new umbrella, the global brokerage has grown. Deriv now has 2.5+ million traders on its books with a total trading turnover of $10+ billion. 26+ million monthly withdrawals are processed while 114+ million trades are executed each month. The award-winning trading firm also has 1000+ employees spanning 18 locations, including Cyprus and Dubai. is regulated in multiple trading jurisdictions. The company holds licenses with:

Trading Platforms

Three trading platforms are available at along with live signals.


Integrating MT5 and the related analysis and research tools, the platform is easy to use but feature-rich. It presents a great combination for CFD traders at all levels.

It is fully configurable, meaning traders can set up charts or trade areas as they wish. Multiple trade windows can be open at once, or specific windows can be detached and moved around as required.

Asset lists are easy to find and navigate – the platform boasts over 70 assets and this list is growing all the time.

Flexible leverage up to 1:1000 is also available. Additionally, a range of trade sizes are available, from micro-lots up to 30 standard lots.

Deriv review


The customizable DTrader platform offers a clean interface and 50+ tradable assets.

Charts can be tailored to meet trader needs with technical indicators and widgets.

Trade types can also be customized, with position sizes of just $0.35 and flexible trade duration between one second and 365 days available. Potential payouts also exceed 100%.

The DTrader platform is an excellent evolution in trading platforms, promising an optimal user experience.

Is Deriv good or bad?

DBot’s automated trading offering is one of the market leaders. The DBot platform offers a straightforward path to getting set-up using algorithmic investing

Bots are free to develop, can be built in five steps, and can be used on over 50 assets. There are also three pre-built strategies that traders can use as they find their feet.

A useful additional feature is the performance tracker so you can make tweaks to maximize returns. review

Assets & Markets

Over 100 CFDs are available at spanning:

Options and multipliers are also available at Options allow traders to profit from correctly predicting price movements without owning the underlying asset. For example, the Rise/Fall option will you see profit if you can predict whether the exit point will be above or below the entry. Over a dozen different options and payouts are available.

Multipliers let users trade on leverage to increase positions, often taking several positions to enhance potential returns. Traders also cannot lose more than their initial deposit, limiting potential risk. Multipliers are similar to margin trading.

Spreads & Commissions promises tight spreads from 0.5 pips on major forex pairs like the EUR/USD.

There are no commission charges and the firm does not have deposit/withdrawal fees or inactivity penalties. also had a strong reputation for competitive spreads and a transparent fee structure. Leverage

Deriv offers flexible leverage up to 1:1000.

This allows users to take larger position sizes by putting down a small deposit, known as margin, to increase potential returns.

Margin requirements and leverage levels vary depending on the account and jurisdiction you register an account from.

In the EU, for example, regulations limit the leverage retail traders can use on major currency pairs to 1:30.

Mobile App

Account holders can trade on the DMT5 mobile app. Free to download to Android and iOS devices, our experts found the platform was reliable and easy to navigate.

The investing app offers a string of useful tools, from Market Depth, instant and pending order types, plus netting and hedging modes. One-click trading is also available on the mobile app, along with built-in indicators and analysis tools.

In addition, users can monitor their account and track their trade history. Payment Methods

When Using Deriv, we were particularly impressed with the breadth of deposit and withdrawal options available.


Payment options include:

Deriv does not charge fees for making deposits.


You can withdraw funds from your account using all of the deposit payment options.

Depending on the provider, bank withdrawals start at 5 of your base currency and are processed in one working day.

The minimum withdrawal via debit/credit cards is 10 of your base currency and is processed in one working day. Note, MasterCard and Maestro are only available to UK traders.

To withdraw funds using an e-wallet, you will need to withdraw at least 5 of your base currency which will be processed within one to two working days.

As with deposits, traders aren’t charged any fees to withdraw profits. This makes Deriv one of the most accessible and cost-effective brokers to make deposits to and withdrawals from.

Demo Account

A free demo account is available at Deriv. This is a mirror image of the real-time ‘live’ trading area, so traders can get a good feel for the real-money platform.

The practice account can be used for backtesting strategies, or for learning to trade. The demo account is not time-limited, comes with an uncapped bankroll and is available on all platforms.

The paper trading profile is a good option to test the broker’s suite of leveraged CFDs and multipliers. Customers can get familiar with trading conditions, spreads and commissions.

Bonuses & Promotions

There are currently no active promotions. However, with the broker promising such low minimum deposits and competitive fees, it’s perhaps unsurprising.

Also, 2018 EU regulation restricts the bonuses can offer to traders from Europe.

Still, it’s worth keeping an eye on the Deriv website for news of any sign-up offers and bonuses for existing customers.

Regulation & Licensing

While using, our expert traders were satisfied that is a trustworthy broker that is regulated in multiple jurisdictions. In the EU, Deriv is regulated by the Malta Financial Services Authority (FSA).

For traders outside of the EU, the broker is licensed with the Vanuatu Financial Services Commission (FSC) and the British Virgin Islands Financial Services Commission (FSC). In addition, is regulated by Malaysia’s Labuan Financial Services Authority (FSA).

In line with licensing conditions, customers benefit from negative balance protection, so users can’t lose more than their deposit. In addition, the broker’s capital is kept separate from traders’ funds.

Also, financial services compensation schemes are in place to make customers whole should the broker go under. Note, the amount covered under financial services compensation schemes varies between regulators and jurisdictions.

Deriv Additional Features doesn’t offer the plethora of educational resources found at many online brokers. This is somewhat of a shame, as strategy tips and market commentary can be useful, particularly for beginners.

With that said, Deriv does have a live community forum where you can interact with other traders. In addition, there is a limited academy section where novices can learn about specific markets, such as forex, commodities and synthetic indices.

The broker also offers live signals. Available through MetaTrader 5, clients can subscribe to seasoned traders to mirror their trades and strategies. There are no hidden fees or commissions and traders can save time by not having to monitor the markets and manually execute positions. Experienced traders can also sign up to be a signal provider to generate additional income from their winning trades.

To subscribe to an MT5 signal, follow these steps:

  1. Select the ‘signals’ tab in the DMT5 platform
  2. Choose a signal provider from the list and hit ‘subscribe’
  3. Amend your trading and risk management parameters trading signals
DMT5 Signals

Account Types

Deriv offer three types of live account:

Each account offers differing types of trading, from binaries to CFDs via MT5. Account types will be made available based on the GEO location of the trader.

EU traders, for example, will have different account options to visitors from South Africa or Singapore. This is due to EU (ESMA) regulation and Deriv licensing.

Deriv Opening Hours

Trading at is available 24/7, following respective market operating hours. With that said, weekend trading usually sees a reduction in volume, resulting in less competitive spreads.

Customer Support

Customer support is available 24/7 through:

Safety & Security

Deriv uses SSL website encryption to secure sensitive client data. Security protocols are in line with the industry, so users can trust the broker to handle their personal information with care. Verdict is the latest evolution of the hugely popular Traders can choose between several platforms to suit individual trading styles and objectives.

It’s quick and easy to deposit funds and withdraw profits. Plus, users benefit from signing up with a reputable company licensed in multiple jurisdictions. Live signals and flexible multipliers also make Deriv a beginner-friendly trading broker.

The products offered on the website include binary options, contracts for difference (“CFDs”) and other complex derivatives. Trading binary options may not be suitable for everyone. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, the products offered on the website may not be suitable for all investors because of the risk of losing all of your invested capital. You should never invest money that you cannot afford to lose, and never trade with borrowed money. Before trading in the complex products offered, please be sure to understand the risks involved.


Can You Still Trade On

During the transition you can trade on But as is slowly phased out, traders may benefit from moving over to sooner rather than later. The development team have made the process as smooth as possible. accounts are essentially replicated in So, enter your login details into Deriv and you will see your funds, custom account settings and trading features are all available.

How Do I Open An Account At Deriv?

Registering for an account with is straightforward. Select the red ‘create new account’ box in the top right-hand corner of the broker’s website, then follow the on-screen instructions. New traders will need to submit basic contact details and personal information.

Does Deriv Offer A Demo Account?

Yes – a demo account is available at The practice account comes with unlimited funds and no expiry time. Credit card information isn’t needed to open a demo account, just an email address. The free demo account is an excellent way to test the platform and strategies before opening a live trading account, including the firm’s multipliers.

What Is A DBot?

A DBot is the short-hand name for a Deriv Bot, the automated trading system offered by The DBot platform offers pre-built algorithms plus a straightforward guide to building your own bot.

How Is My Money Protected At

Client funds are kept separate from the broker’s own capital. So in the event of insolvency, user funds are protected and will be returned.

What Is The Difference Between And is the latest evolution and refresh of the brand. Gradually, is being phased out and replaced by traders will be able to access their accounts and funds on the platform using their original login credentials.

Accepted Countries accepts traders from Australia, Thailand, South Africa, Singapore, India, Germany, Norway, Sweden, Italy, Denmark, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use from United States, Canada, Hong Kong, Israel, France, Jersey, Malaysia, Malta, Paraguay, United Arab Emirates, United Kingdom, Spain, Portugal.

Payment Methods Details

Minimum Trade 0.01 Lots
Islamic Account No
Mobile Apps iOS & Android
Margin Trading Yes
Volatility Index Yes
Spot Trading Yes
Perpetual Swaps No
AI / Machine Learning No
Robo Advisor No
P2P Trading No
Negative Balance Protection Yes
VPS Hosting No
Tournaments No
Demo Competitions No
Managed Accounts No
Market Maker No
Auto Trading DBot
Social Trading No
Trade Signals DMT5
Guaranteed Stop Loss No
Stock Exchanges
  • Australian Securities Exchange
  • Dow Jones
  • Japan Exchange Group
  • Nasdaq
  • New York Stock Exchange
  • Gold
  • Oil
  • Precious Metals
  • Silver

CFD Trading Details

FTSE Spread From 0.5
GBPUSD Spread From 0.5
Oil Spread From 0.5
Stocks Spread Variable
Leverage 1:1000

Forex Trading Details

GBPUSD Spread From 0.5
EURUSD Spread From 0.5
EURGBP Spread From 0.5
Assets 30+

Cryptocurrency Trading Details

Crypto Spread From 0.5
Crypto Lending No
Crypto Staking No
Crypto Mining No
Crypto Auto Market Maker No
Crypto Coins
  • BTC
  • ETH
  • LTC
  • USDC
  • USDT

Binary Options Trading Details

Payout Percent 100%
Expiry Times 15 seconds to 365 days
Ladder Options Yes
Boundary Options Yes


Compare with similar brokers that accept traders from your location. Among available brokers these are the most similar to

  1. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
    Go to World Forex
  2. Videforex – Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.
    Go to Videforex
  3. BinaryCent – BinaryCent is an unregulated binary options broker that offers 24/7 trading on forex, cryptos and stocks with payouts up to 95%. Despite its lack of regulation, this broker takes client security seriously and stores client funds in European banks. The broker also offers CFDs with very high leverage up to 1:500.
    Go to BinaryCent Comparison Table

Compare With Similar Brokers World Forex Videforex BinaryCent
Rating 4.4 4 3.6 3.5
Markets CFDs, Multipliers, Forex, Stocks, Indices, Commodities Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts Binary Options, CFDs, Forex, Indices, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes
Minimum Deposit $5 $1 $250 $250
Minimum Trade 0.01 Lots 0.01 Lots $0.01 $0.01
Bonus 100% Deposit Bonus 20% to 200% Deposit Bonus 20% – 200% deposit bonus
Education No No No No
Platforms MT5 MT4, MT5 TradingView Own
Leverage 1:1000 1:1000 1:500 1:500
Payment Methods 22 10 8 12
Visit Visit Visit Visit
World Forex

Compare Trading Instruments

Compare the markets and instruments offered by and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Trading Instruments World Forex Videforex BinaryCent
Binary Options Yes Yes Yes Yes
Expiry Times 15 seconds to 365 days 1 minute – 7 days 5 seconds – 1 month 5 seconds – 30 days
Ladder Options Yes No No No
Boundary Options Yes No No Yes
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No No Yes No
Silver Yes Yes No Yes
Corn No No No No
Crypto Yes Yes Yes Yes
Futures No No Yes No
Options Yes No No Yes
ETFs No No No No
Bonds No No No No
Warrants No No No No
Spreadbetting No No No No
Volatility Index Yes No No No vs Other Brokers

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Visit is a multi-asset broker with over 2.5 million global clients. The firm offers CFDs and multipliers, alongside proprietary synthetic products which can't be found elsewhere. Deriv provides both its own in-house trading software and the hugely popular MetaTrader 5.