Deriv Europe Review 2024

Deriv offers complex derivative instruments such as options and contracts for difference ("CFD"). These products may not suit all clients, and trading them involves risk. Please understand the following risks before selling derivative products: a) you may lose part or all of the money you invest in a contract, and b) if a contract is linked to currency conversion, exchange rates will affect profits and losses. Never trade with borrowed funds or money you cannot afford to lose.

Highlights of Deriv EU

Spread fromEURUSD0.5pips

Trading Assets

Forex Indices Cryptocurrency Stocks ETF Precious Metals Energy Carriers

Trading Platforms

MetaTrader 5

4.2/5

More DetailsRegister67.28% of retail investors lose money when trading CFDs with this broker

About Deriv EU

Founded in 2020

Countries of registration:

Regulators:

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4.2/5

More Details

Register67.28% of retail investors lose money when trading CFDs with this broker

Countries of registration:

Regulators:

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Trading Assets

ForexIndicesCryptocurrencyStocksETFPrecious MetalsEnergy Carriers

Trading Platforms

MetaTrader 5

Deposit/withdrawal:

compare Deriv EU trading accounts

Deriv EU is a European broker regulated by MFSA. This broker provides access to trading in Forex and CFDs.

With a user-friendly interface and a quick account opening process, it appeals to both novice and experienced traders. Deriv offers low trading fees and a variety of trading platforms, making trading simple and accessible.

However, despite its numerous advantages, the broker may not meet the needs of all traders due to limitations in the range of educational materials and analytical resources.

Pros and Cons of Deriv EU

Deriv EU Broker Overview

The trading platform Deriv was launched recently, at the beginning of 2020. However, the history of this broker dates back to 1999, when the Regent Markets Group was founded in Hong Kong. It offered clients exchange deals with fixed odds.

In 2001, the Regent Markets Group created the website BetOnMarkets.com. Under this brand, the broker developed until 2013, successfully conquering the European market. In 2007, BetOnMarkets was awarded by the British Shares Magazine as the "Best Fixed Odds Broker."

In 2013, the company was renamed Binary.com. It was under this brand that the platform gained popularity among traders. The name "Binary" appeared more frequently in forum discussions — often in a positive context.

In 2020, the creators of "Binary" introduced a new trading platform — Deriv. This was another rebranding: the owners moved away from direct associations with binary options to promote Forex and other financial trading instruments more effectively. The site binary.com is now redirecting to deriv.com, as all the team's efforts are focused on developing the Deriv broker.

Deriv EU Review Summary

We utilized our strictly scientific methodology to compile this review and evaluate the broker Deriv. This ensures the objectivity and reliability of our conclusions. We have reviewed all available information sources, including the broker's website, trading platforms, educational materials, trading conditions, and other essential aspects. We hope that our review will be helpful to you in choosing a broker for trading Forex. We invite you to continue reading to get a complete picture of Deriv.

Legal Entity	Regulator
Deriv (FX) Ltd Deriv (FX) Ltd	LFSA LFSA
Deriv (BVI) Ltd Deriv (BVI) Ltd	BVIFSC BVIFSC
Deriv (V) Ltd Deriv (V) Ltd	VFSC VFSC
Deriv (SVG) LLC Deriv (SVG) LLC	SVGFSA SVGFSA
Deriv Limited Deriv Limited	JFSC JFSC
Deriv Investments (Europe) Limited Deriv Investments (Europe) Limited	MFSA MFSA

Deriv holds several licenses from various regulators around the world. This indicates that the company must adhere to strict rules and regulatory standards in each jurisdiction, which lends a certain degree of reliability.

However, some of these regulators may be less stringent than others, and the fact that the company does not have licenses from some of the strictest regulators, such as the CFTC in the USA or the FCA in the UK, might be a cause for concern for some investors.

The Deriv broker is also registered with The Financial Commission, which is a positive factor. The Financial Commission is an independent international organization that handles dispute resolution within the financial services industry. This adds an extra layer of protection for clients, who can turn to The Financial Commission if they have any issues with the broker.

Regulation in Europe

Deriv's regulatory framework in Europe is robust, offering traders additional security and trust. The broker's European operations are regulated by respected financial authorities, ensuring compliance with stringent financial standards and practices. This regulation includes mechanisms to protect traders, such as participation in compensation funds and stringent operational guidelines.

Deriv Investments (Europe) Limited is licensed and regulated by the Malta Financial Services Authority (MFSA), which is known for its strict oversight and consumer protection measures. This regulatory body mandates that Deriv adheres to high financial integrity and transparency standards. One of the critical protections for traders under MFSA's regulation is the Investor Compensation Scheme, which serves as a safety net for investors in the event of the broker's failure. This scheme provides eligible traders with financial compensation, adding an extra layer of security to their investments.

Furthermore, Deriv's compliance with European regulations ensures they maintain segregated accounts for clients' funds. This means that traders' funds are kept separate from the company's operational funds, providing additional protection against misuse of funds and insolvency risks.

Deriv provides simplicity and speed in account opening, making the process accessible to all types of traders.

Registration

To create an account on Deriv, go to the broker's official website and click "Create free demo account." Subsequently, you can fund it with real money and start full-fledged trading.

To register using email, enter your email address, confirm your agreement with the rules with a tick, and click "Create demo account." Or sign in through your Google, Facebook, or Apple account.

If you choose to register by email, check your email: a link to complete the registration will be sent to the specified address. The email's subject line will mention verification, but don't let this confuse you: you need to click the button, after which the account will be activated.

Upon entering the personal area, Deriv will prompt you to set a password and choose your country of residence. The account is ready for use: you can trade on a demo or fund the balance with real money.

How to open a real account?

To switch to trading on a real account, click the "Deposit" button. The broker will offer to create a real account to fund it. Confirm the action by pressing the "Open" button.

Is verification required on Deriv?

No, it is not required: the client immediately gets access to trading without restrictions. However, the Deriv broker may request verifying documents on an individual basis. This is most often the case when working with bank transfers and cards.

Typically, for verification, they ask to send photos of the following documents:

1. Passport — to confirm identity;

2. Bank statement or utility bill — to confirm the address;

3. Photo of the front side of the bank card — for withdrawal of funds.

Minimum deposit

Deriv offers flexibility regarding the minimum deposit, allowing clients to start trading without the broker's specific minimum deposit requirement. This makes the Deriv platform accessible to traders with any budget, including beginners and those who want to start trading with smaller amounts.

However, while Deriv itself does not set minimum deposit requirements, it must be noted that minimum transaction amounts from payment systems may apply. Depending on the chosen system, these amounts typically range from 5 to 10 euros. Therefore, it is recommended that you familiarize yourself with the terms of the specific payment system before conducting transactions.

Deriv offers a decent selection of trading accounts that can satisfy the needs of most traders.

However, the absence of some types of accounts may limit the platform's accessibility for specific traders. Specifically, the lack of fixed-spread accounts may disadvantage traders who prefer predictability in their trading strategies.

Trading Accounts

A key feature of Deriv is the wide variety of trading instruments.

Broker's clients have access to 2 types of trades:

• CFDs;
• Multipliers.

Let's look at the features of every kind of deal.

CFDs

A classic mode is available for all assets - currencies, indices, and metals. It's just like traditional exchange trading: open a trade, wait for the price to move in the right direction, and close the position for a profit. You can trade both the rise and fall of the asset. In this mode, Deriv acts as a standard Forex broker.

Deriv allows trading with leverage up to 1:30 - meaning you can enter into a transaction up to 30 times more than the amount on your account. However, if the price goes in an unprofitable direction, the broker will automatically close the transaction when the margin call level is reached.

One advantage of margin trading on Deriv is that financial accounts allow trading both standard lots and micro-lots on the same account. This feature may benefit traders who wish to change smaller amounts or want to manage risk more precisely.

Multipliers

Deriv multipliers combine CFD trading and options in one tool. At least, that's how the broker positions them. In practice, we only deal with ordinary margin trading in a simplified form.

The multiplier works according to the following scheme:

• The client chooses the direction of the trade, the stake, and the leverage. If desired, you can set stop-loss and take-profit levels like in regular Forex trading.
• If the price goes in the predicted direction, the profit increases. If the market goes against you, the maximum loss will be limited to the size of the stake.

For example, if we open a trade to buy EUR/USD, the stake is €100, leverage x5. If the euro rate increases by 1%, we get a 5% profit (€5), as the price change is multiplied by the leverage. But if the euro falls by 1%, the losses will also be 5%, and the trade will close with a loss of €5.

A commission is charged for each position, calculated from the total amount of the transaction. Return to our example with a €100 stake and x5 leverage. In this case, Deriv will take a commission of 0.02% of the entire amount, i.e.:

€100 * 5 * 0.02% = €0.1

The size of the commission is variable, but in most cases, it is measured in hundredths of a percent.

Demo Account

Deriv offers the opportunity to trade on a demo account, providing traders with a safe environment to practice and explore trading platforms and instruments. The Deriv demo account is perfect for those just starting in the trading world and experienced traders who want to test new strategies without risk.

The demo account has a virtual capital of €10,000, allowing traders to trade with sufficient funds to simulate an actual trading situation. This allows a realistic idea of how various strategies and instruments might work under market conditions.

One of the key benefits of the Deriv demo account is that there is no time limit. You can practice and explore the platform as much as you need before moving on to trading on a real account.

Trading Signals

The MT5 trading signals service is an additional feature that allows you to copy trades from experienced traders. Subscribing to signals simplifies trading, saves time, and minimizes risks. After subscribing to a signal, the provider's trades are automatically copied to the client's Deriv MT5 trading account.

The advantages of this service include the absence of hidden commissions or fees and the availability of a complete report on the results of each provider.

Deriv has provided its clients with transparent and understandable trading conditions. The main fees can be divided into two categories: trading fees and account inactivity fees.

Despite Deriv's spreads being below the market average, the high swap rate and inactivity fees can increase the overall costs for traders.

Trading Fees

Deriv's trading fees include spreads and swaps. It is important to note that the broker does not charge any fees for depositing or withdrawing funds, making it attractive for many traders.

Spreads and Swaps

The spreads and swaps on Financial accounts at Deriv are below the market average. This means that traders are offered the opportunity to buy and sell currency at lower costs.

Below is a table of spreads and swaps for the major currency pairs.

Inactivity Fee

An important aspect to consider is the account inactivity fee on Deriv.

Suppose your account has not conducted any transactions for more than twelve months. In that case, it will be considered inactive, and you may be charged an inactivity fee of up to 25 USD/EUR/AUD/GBP or the equivalent in any other currency.

If your account has been blocked or suspended and you have not conducted any transactions for twelve months or more, Deriv reserves the right to confiscate the funds in your account.

If your account has been inactive for 30 days with a balance of 1 USD/AUD/EUR/GBP or less, the funds in your account will also be confiscated.

Deriv does not charge a commission for depositing or withdrawing funds. Minor losses are only possible when converting currencies. Your bank or payment system sets the exchange rate.

Deposit requests are processed instantly. Withdrawal of funds takes 1 business day.

Deposit Methods

Payment System	Currencies	Deposit Fee	Operation Limit
Skrill	USDEURGBP	0%	from 10 to 10000 USDfrom 10 to 10000 EURfrom 10 to 10000 GBP
Neteller	USDEURGBP	0%	from 10 to 10000 USDfrom 10 to 10000 EURfrom 10 to 10000 GBP
Jeton	EUR	0%	from 5 to 1000 EUR
Visa	USDEURGBP	0%	from 10 to 5000 USDfrom 10 to 5000 EURfrom 10 to 5000 GBP
Mastercard	USDEURGBP	0%	from 10 to 5000 USDfrom 10 to 5000 EURfrom 10 to 5000 GBP
Maestro	USDEURGBP	0%	from 10 to 5000 USDfrom 10 to 5000 EURfrom 10 to 5000 GBP
EPS	USDEURGBP	0%	from 25 to 100 USDfrom 25 to 100 EURfrom 25 to 100 GBP
Giropay	USDEURGBP	0%	from 25 to 100 USDfrom 25 to 100 EURfrom 25 to 100 GBP
Przelewy24	USDEURGBP	0%	from 25 to 100 USDfrom 25 to 100 EURfrom 25 to 100 GBP
Rapid Transfer	USDEURGBP	0%	from 25 to 100 USDfrom 25 to 100 EURfrom 25 to 100 GBP
iDeal	USDEURGBP	0%	from 10 to 10000 USDfrom 10 to 10000 EURfrom 10 to 10000 GBP

Withdrawal Methods

The following methods are available for withdrawal:

Payment System	Currencies	Withdrawal Fee	Operation Limit
Skrill	USDEURGBP	0% limitscommission limits	from 10 to 10000 USDfrom 10 to 10000 EURfrom 10 to 10000 GBP
Neteller	USDEURGBP	0%	from 10 to 10000 USDfrom 10 to 10000 EURfrom 10 to 10000 GBP
Jeton	EUR	0%	from 5 to 1000 EUR
Visa	USDEURGBP	0% limitscommission limits	from 10 to 10000 USDfrom 10 to 10000 EURfrom 10 to 10000 GBP

Despite the wide selection of markets, some essential asset classes, such as bonds and soft commodities, are not represented on Deriv. In addition, there is a relatively small number of stocks CFDs compared to competitors.

What markets are available?

Deriv offers several categories of assets for trading:

Derived Indices

A derived index is a pseudo-asset, the price of which is generated randomly. This instrument is often found with options brokers who strive to provide clients with trading anytime or night, regardless of the exchange's trading schedule. A synthetic index's quotes result from a random number generator.

Synthetic indices on Deriv are divided into several categories:

• Volatility Indices. Mimic the fluctuations of regular stock indices.
• Crash/Boom. For example, rise or fall with a strictly defined periodicity every 500 ticks.
• Step. Indices with a fixed fluctuation size of 0.1 points.
• Range Break. In such indices, the price always moves within a specific range.

Only volatility indices are available for options and multipliers, while the margin trading section presents the complete list. It should be noted that predicting the behavior of such instruments is inherently impossible, so synthetic indices are more of a game than trading.

Margin Requirements

The maximum leverage depends on the market and the product. Let's consider the maximum leverage relative to the market.

Deriv provides two distinct trading platforms, each serving different trading needs. The proprietary DTrader platform is intuitive and ideal for multiple trading, with efficient charting tools and risk management features. For CFD trading, Deriv offers MetaTrader 5 (DMT5), a classic and comprehensive platform that limits margin trading options to only MT5. While the selection is limited, each platform is tailored to offer specific functionalities, catering to various trading styles and experience levels.

Deriv Trader (DTrader)

Available instruments: multipliers.

Deriv Trader (DTrader) is the proprietary trading platform of broker Deriv. The platform operates in the browser and does not require installation on a PC.

DTrader is similar to popular exchange terminals. It features candlestick and line charts, technical analysis indicators, as well as figures and patterns for drawing. For synthetic indices trades, it is possible to set stop loss and take profit levels.

Overall, Deriv Trader is a highly successful platform for trading: it is easy to learn but does not suffer from excessive simplification.

MetaTrader 5 (DMT5)

Available instruments: CFDs.

MetaTrader 5 is a classic terminal for Forex trading. The broker proudly calls it DMT5, but it is the usual MT5 with all its pros and cons. However, customers have no choice: margin trading on Deriv is available only through MetaTrader.

The DMT5 program from Deriv is available on PCs with Windows and Linux and a mobile application.

Deriv provides an extensive range of analytical tools and materials, including a margin calculator, swap calculator, pip calculator, and tools for assessing stop loss and take profit levels. Coupled with the Deriv Blog offering expert market insights, the platform sufficiently caters to traders' analytical needs. While comprehensive, further enhancements in real-time data analytics could enhance its utility.

Trader's Tools

Essential tools include various calculators.

The margin calculator estimates the margin required to maintain positions based on leverage, lot size, and account balance.

The swap calculator helps calculate the commission for carrying over open positions, which can be positive or negative.

With the pip calculator, you can determine the cost of pips in contracts.

Also available are tools for assessing stop loss and take profit levels and the cost of a pip for different types of contracts (margin, with multipliers).

Deriv Blog

The Deriv Blog offers comprehensive analytical materials catering to diverse trading interests. Focusing on forex, stocks, cryptocurrencies, and commodities, it provides traders with expert market insights and analysis. The blog is invaluable for those looking to deepen their understanding of market trends and develop informed trading strategies. Its blend of expert commentary and analysis equips traders with the knowledge needed to navigate the complexities of the financial markets effectively.

The Deriv blog features helpful and substantial articles that can help traders improve their trading skills. However, the lack of various educational material formats, such as webinars, video tutorials, seminars, or courses, coupled with infrequent updates, makes the broker’s educational section less attractive for those seeking continuously updated, current, and detailed information for their learning.

Blog

In the Deriv blog, you can find articles on various topics, from the basics of trading to complex strategies and in-depth market analysis.

Blog articles cover many vital topics, including various markets (such as Forex, stocks and indices, cryptocurrencies, and commodities), trading platforms, types of trades, market reports, strategies and tips, and payment methods.

The articles provide detailed advice and guides that help traders improve their trading skills and market understanding.

Deriv offers a wide range of communication channels, allowing clients to choose the most convenient option for themselves. Fast and high-quality support is an essential factor for successful market operations.

However, there are drawbacks - the website does not provide technical support during working hours. Also, some clients have complained about the support service.

How to contact support?

Several communication channels are available for interacting with Deriv support:

• Online chat (preferred method);
• Direct messages on Twitter;
• Write to WhatsApp;
• Call or visit one of the company's offices;
• Email for affiliate program inquiries: partners@deriv.com;
• For partnership inquiries: marketing@deriv.com.

To write in the online chat, scroll down to the help page and press the "Chat" button.

Additionally, you can seek help on the Deriv forum at community.deriv.com. This is the official community where users share observations, problems, and solutions. Representatives of the broker sometimes respond in the threads as well.

Conclusion

Deriv Europe is ideally suited for traders who value a secure, well-regulated trading environment with a straightforward approach. It is particularly beneficial for those starting trading due to its user-friendly platforms and simple account management processes.

FAQ

Is Deriv EU legit?

Yes, Deriv EU is a legitimate broker regulated by the MFSA (Malta Financial Services Authority).

Which country is Deriv EU from?

Deriv EU is headquartered in Malta.

Is Deriv EU an ECN broker?

No, Deriv EU is not classified as an ECN (Electronic Communication Network) broker.

How does Deriv EU make money?

Deriv EU makes money through spreads, commissions on trades, and other trading-related fees.

Is Deriv EU good for beginners?

Yes, Deriv EU is suitable for beginners due to its user-friendly interface, quick account opening process, and low trading fees.

Does Deriv EU offer a demo account?

Yes, Deriv EU offers a demo account for users to practice trading with virtual funds before committing real money.

How can I open an account with Deriv EU?

To open an account with Deriv EU, visit their website, click on the "Create Free Account" button, and follow the instructions to complete the registration process.

How can I delete my Deriv EU account?

To delete your Deriv EU account, you need to contact their customer support team and request account closure.

What is the minimum deposit for Deriv EU?

Deriv EU has no minimum deposit requirements, allowing traders to start with any amount they choose.

What is the maximum leverage on Deriv EU?

The maximum leverage on Deriv EU depends on the asset being traded. Typically, leverage can go up to 1:30 for retail traders.

How do I deposit funds in a Deriv EU account?

To deposit funds in a Deriv EU account, log in to your account, go to the cashier section, select your preferred payment method, and follow the instructions to complete the transaction.

How do I withdraw money from Deriv EU?

To withdraw money from Deriv EU, log in to your account, go to the cashier section, select the withdrawal option, choose your preferred withdrawal method, and follow the instructions to complete the transaction.

Does Deriv EU provide VPS?

No, Deriv EU does not provide VPS (Virtual Private Server) services.

Is Deriv EU suitable for scalping?

Yes, Deriv EU is suitable for scalping, allowing traders to execute multiple trades in a short period.

Is Deriv EU suitable for auto-trading?

Yes, Deriv EU supports auto-trading and offers various platforms and tools to facilitate automated trading strategies.

Is Deriv EU suitable for hedging?

Yes, Deriv EU is suitable for hedging and allows traders to open multiple positions to manage risk.