Review 2024

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Written By
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Written By
Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.
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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 Europe's biggest banks. James authors, edits and fact-checks content for a series of investing websites.
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Fact Checked By
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Tobias Robinson
Tobias is a partner at, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.

4.4 / 5 is #2 in our binary options broker rankings.
Deriv Trader, MT5
CFDs, Multipliers, Forex, Stocks, Indices, Commodities
Neteller, Visa, Skrill, WebMoney, FasaPay, Perfect Money, Diners Club, Banxa, Paytrust, Wire Transfer, Mastercard, Credit Card, JCB Card, Sticpay, Trustly, Volet, Paysafecard, AstroPay, Maestro, Airtm, Boleto, JetonCash


  • There's a good range of fast deposit and withdrawal methods with zero payment fees and low minimum deposits
  • Traders can use multipliers between 1 and 30, with take profit, stop loss and deal cancellation parameters
  • The free demo account is ideal for practicing short-term trading strategies and no registration is required


  • There are limited copy trading tools and analysis features compared to alternatives like IQ Cent
  • The range of 100+ assets trails some competitors such as Quotex which offers 400+
  • There's no loyalty program or rebate scheme for high volume traders Review

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 2024 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.

Importantly, Deriv continues to improve the MetaTrader experience, recently introducing MT5 WebTrader, providing platform access directly through web browsers with no app download required.

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

4.5 / 5

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.

Notably, in 2024, Deriv introduced accumulator options, enabling short-term traders to generate returns if the price of the broker’s volatility indices continues trading within a pre-agreed range. The minimum stake is accessible at $1 and growth rates up to 5% are provided.

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

4.1 / 5

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.

Top 3 Alternatives to

Compare with the top 3 similar brokers that accept traders from your location.

  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.

  2. Videforex – Launched in 2017, 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.

  3. RaceOption – RaceOption is a binary options broker operating from the Marshall Islands. With over 1,500 clients, the broker aims to offer fast funding, low fees and a secure trading environment. Traders can access over 100 binary options and CFDs, plus copy trading and weekly prizes. Comparison Table

Compare With Similar Brokers World Forex Videforex RaceOption
Rating 4.4 4 3.4 3.5
Markets CFDs, Multipliers, Forex, Stocks, Indices, Commodities Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts Binary Options, CFDs, Forex, Indices, Commodities, Crypto Binary Options, CFDs
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 Deriv Trader, MT5 MT4, MT5 TradingView TradingView
Leverage 1:1000 1:1000 1:500 1:500
Payment Methods 22 10 8 9
Visit Visit Visit Visit
Review 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 RaceOption
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 Yes
Boundary Options Yes No No No
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 Yes
Options Yes No No No
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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Customer Reviews

  4.3 / 5

This average customer rating is based on 3 customer reviews submitted by our visitors.

If you have traded with we would really like to know about your experience - please submit your own review. Thank you.


I’ve been trading on Deriv for years. They are a properly reliable broker with a super slick platform and high multipliers.

✍ Steven E | 🌐 Ireland | December 18, 2023

I’ve enjoyed my time at Deriv because the DTrader platform is so reliable. It’s one of the easiest platforms I’ve used and still has dozens of indicators and charting options. I reckon they could do more in terms of research though – there isn’t much of any value in the client area so I have to go elsewhere.

✍ Max | 🌐 United Kingdom | November 23, 2023

Deriv is one of the best brokers I’ve used. It’s great for trading on the weekends thanks to its synthetic indices and deposits are always fast and hassle-free. Customer support is a bit hit and miss but I can live with that.

✍ Kai | 🌐 Australia | November 14, 2023

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