Deriv Overall rating

We tested Deriv using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.

Trustworthiness & Regulation

Deriv, founded in 1999, is a well-established broker in the forex industry. It is regulated by multiple authorities, including the Malta Financial Services Authority (MT FSA), Labuan Financial Services Authority (LB FSA) in Malaysia, BVI Financial Services Commission (BVI FSA), and the Vanuatu Financial Services Commission (VU VFSC). These regulatory frameworks enhance its trustworthiness by ensuring compliance with various financial regulations, including the segregation of client funds.

However, it is important to note that Deriv has no user reviews available and is not publicly traded. The broker does not provide its financials publicly, which might be a concern for transparency-seeking investors.

Despite this, Deriv ranks 75th out of 815 forex brokers based on user ratings and 148th based on expert ratings. It enjoys significant popularity with a rating of 3.0 out of 5 and ranks 3rd in organic web traffic among 815 brokers, according to similarweb.com.

Company	Licenses & Regulations	Segregated Client Money	Deposit Compensation Scheme	Negative Balance Protection	Rebates	Max. Leverage Retail Clients
Deriv Investments (Europe) Limited	Malta - MT MFSA		up to €20,000			30 : 1
Deriv (V) Ltd	Vanuatu - VU VFSC					1000 : 1
Deriv (BVI) Ltd	Virgin Islands, British - BVI FSC					1000 : 1
Deriv (FX) Ltd	Malaysia - LB FSA					500 : 1

Deposit Insurance

Deriv offers deposit insurance and investor compensation programs as part of its regulatory frameworks. For instance, under the Malta Financial Services Authority (MT FSA), Deriv provides a deposit compensation scheme that compensates investors if an authorized financial firm fails.

This adds a layer of security for clients' funds, enhancing the overall trustworthiness of the broker. However, it is essential to verify the specific terms and conditions of these schemes, as they may vary between regulatory jurisdictions.

Spreads and Costs

Deriv's average spreads and costs are relatively high compared to industry-leading brokers. For instance, the forex average spread is 7.19 pips, which is significantly higher than brokers like IC Markets (1.51 pips) and Tickmill (2.25 pips).

The same trend is observed in other asset classes, with Deriv showing higher average spreads for cryptocurrencies and commodities as well.

Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers

Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD) and that data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.

Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.

Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.

Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.

Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers

Comparison to other Brokers

When comparing Deriv to other brokers in the industry, several factors come into play. Deriv is well-regulated by multiple authorities, which enhances its trustworthiness.

However, the lack of user reviews and public financial disclosures can be a drawback for some traders. Deriv's average spreads are higher compared to leading brokers like IC Markets and Tickmill, making it a less cost-effective choice for frequent traders.

Deriv's swap rates are also mixed, with some rates being competitive while others are less favorable compared to industry averages. The broker's strong web traffic indicates a high level of interest and engagement from traders, which is a positive sign.

Overall, while Deriv has several strengths, including a wide range of trading platforms and high leverage options, there are areas where it lags behind top competitors in terms of costs and transparency.

Trading Platforms - Mobile, Desktop, Automated

Deriv offers a variety of trading platforms catering to different trader needs. MetaTrader 5 (MT5) is a popular choice for its robust charting tools and support for automated trading through MQL5. cTrader is another powerful platform known for its user-friendly interface and automated trading capabilities via cAlgo.

For traders looking for web and mobile solutions, Deriv X and Deriv Go provide flexible options, though they do not support automated trading.

The Deriv Trader platform offers a comprehensive trading experience across desktop, web, and mobile devices, making it suitable for traders who need access on the go.

Overall, Deriv's range of platforms ensures that both manual and automated traders can find suitable tools for their trading strategies.

What Can You Trade?

Deriv offers a diverse range of tradable instruments across various asset classes. These include over 50 forex CFDs, 31 crypto CFDs, 57 stock CFDs, 11 stock index CFDs, 13 commodities CFDs, 31 ETFs, 47 derived indices, and over 50 options. This wide variety allows traders to diversify their portfolios and explore different markets.

It is important to note that Deriv primarily offers trading in CFDs (Contracts for Difference) and derivatives, meaning traders do not own the underlying assets.

Instead, they speculate on the price movements of these assets. This allows for leverage, which can amplify both gains and losses. For more information on the specific instruments available, visit Deriv's website.

Available Leverage

Deriv offers varying leverage levels depending on the regulatory entity and the asset being traded. For example, retail clients trading under the Malta Financial Services Authority (MT FSA) can access leverage up to 30:1, while clients under the Labuan Financial Services Authority (LB FSA) in Malaysia can access leverage up to 500:1.

Clients trading under the BVI Financial Services Commission (BVI FSA) and Vanuatu Financial Services Commission (VU VFSC) can access leverage up to 1000:1. These high leverage levels can significantly increase potential profits but also amplify potential losses.

Prohibited Countries

Deriv does not accept clients from certain countries due to regulatory restrictions. These countries include the United States, Canada, Hong Kong, and several others. For a comprehensive list of prohibited countries, it is best to visit Deriv’s official website or contact their customer support.

Deriv Account types

	Deriv MT5	Deriv cTrader	Deriv X
Maximum leverage	1000:1
Mobile Platform	MT5 Mobile	cTrader Mobile	Proprietary
Trading platform	MT5	cTrader	Proprietary
Spread Type	Variable Spread
Minimum Deposit	10
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Deriv MT5
Maximum leverage	1000:1
Trading platform	MT5
Mobile platform	MT5 Mobile
Spread type	Variable Spread
Minimum deposit	10
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Deriv cTrader
Maximum leverage	1000:1
Trading platform	cTrader
Mobile platform	cTrader Mobile
Spread type	Variable Spread
Minimum deposit	10
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Deriv X
Maximum leverage	1000:1
Trading platform	Proprietary
Mobile platform	Proprietary
Spread type	Variable Spread
Minimum deposit	10
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

Deriv Web traffic

Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.

Deriv Profile

24 hour support

Segregated Accounts

Islamic Accounts

Accepts Canadian clients

Accepts Japanese Clients

Non expiring demo

Trading API

Cent accounts

Negative balance protection

Social trading

Regulatory deposit insurance

Trailing stops

Bonuses

Interest on margin

Fixed spread

Variable spread