Deriv Account Types offers clients a choice between four live account types, namely a Standard Account, a Zero Spread account, a Swap Free account, and a Financial account. It also offers the option to open a demo account.
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Min Deposit: $5
Leverage: Up to 1:1000
Regulators: MFSA, FSA, VFSC, BVI FSC
Deriv Account Types Revealed - A Key Point Quick Overview
Overview
- According to research in South Africa, Deriv was founded in 1999 and is the rebrand of the company, Binary.com.
- The platform provides an expanded product range and improved user experience.
- The broker is a premier online trading company that deals in CFDs, options, and multipliers on various assets of your choice.
- Being a popular choice among trading platforms, they work for both novices and highly experienced traders.
- Deriv has been established as a platform where literally every interested person can trade in different financial instruments with ease, and where innovative and modified tools offer enhanced security in forex trading, stocks, indices, cryptocurrencies, and commodities.
https://youtu.be/OsiJAkDnAJM?si=GllEuVdcJsVrDaIQ
Deriv Account Types
- Deriv offers clients a choice between four live account types, namely a Standard Account, a Zero Spread account, a Swap Free account, and a Financial account.
- It also offers the option to open a demo account.
- Traders will find that these live accounts offer competitive trading conditions along with comprehensive solutions and services.
| 🔎Account Types | 🥇Standard Account (MT5) | 🥇Zero Spread Account (MT5) | 🥇Swap Free Account (MT5) | 🥇Financial |
| 💳 Account Currency | USD, EUR, GBP, JPY, AUD, CAD, CHF, SGD, NZD, HKD | USD, EUR, GBP, JPY, AUD, CAD, CHF, SGD, NZD, HKD | USD, EUR, GBP, JPY, AUD, CAD, CHF, SGD, NZD, HKD | USD, EUR, GBP, JPY, AUD, CAD, CHF, SGD, NZD, HKD |
| 📊 Leverage | Up to 1:500 | Up to 1:500 | Up to 1:500 | Up to 1:500 |
| 📉 Order execution | Market execution | Market execution | Market execution | Market execution |
| 📉 Spreads | From 1 pip | 0 pips | From 1 pip | From 1 pip |
| 📝Sign up | 👉Open Account | 👉Open Account | 👉Open Account | 👉Open Account |
What types of accounts exist at Deriv?
The company has different accounts for different trading requirements:
- A Standard Account is basically for the majority of traders, who can do all trades with instruments with competitive spreads.
- Financial Account: STP traders would find this ideal for direct-market access and access to medium-tight spreads that have variable prices.
- Synthetic Account: It is a special kind of account designated to trade synthetic indices that can be traded continuously during the year and are unaffected by real market events.
- Demo Account: This is an account where you trade without risk, as it uses virtual funds; it is used to practice a trading strategy and familiarize oneself with the platform.
Can you switch accounts then?
However, you are allowed as many types of accounts as you would like, and you can switch back and forth easily.
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Min Deposit: $5
Leverage: Up to 1:1000
Regulators: MFSA, FSA, VFSC, BVI FSC
Deriv Account Features
Standard Account
- Deriv has specifically developed the Deriv Standard Account for traders who are at different stages of learning the art of trading.
- It presents reasonable ‘price quotes’, a diversified range of tradable instruments, and primary access to professional trading tools.
- This is ideal for novices and pros as well, since it only has a minimum deposit and supports multi-account currencies.
Zero Spread Account
- The Deriv Zero Spread account offers traders the opportunity to trade with ultra-tight spreads, starting from 0 pips.
- This can significantly reduce trading costs and potentially increase profitability.
- However, it's important to note that other factors like commissions and funding costs should also be considered when evaluating the overall cost of trading.
Swap Free Account (Islamic Account)
- Deriv's Swap Free account is designed for traders who follow Islamic law and wish to avoid paying interest.
- This account type offers the same trading conditions as other Deriv accounts but without overnight swap fees.
- It's a popular choice among traders who adhere to Islamic financial principles.
Financial Account
- The Deriv Financial Account is designed for professional traders who require advanced trading tools and features.
- It offers a wide range of financial instruments, competitive spreads, and flexible leverage options.
- This account type is ideal for those seeking a sophisticated trading environment.
Demo Account
- They offer traders the option of opening a Demo Account, which can be utilized in many ways. Deriv signing up for a demo account is easy and hassle-free, and can be done within a few minutes directly from the homepage of the broker.
- It is a free account, and there is no limit to the virtual amount available to practice trading.
- The demo account has the same features as the live account type and allows traders to practice trading without any risk involved.
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Min Deposit: $5
Leverage: Up to 1:1000
Regulators: MFSA, FSA, VFSC, BVI FSC
How to open a Deriv account - Step by step
To register for and set up a live account with Deriv, traders can follow these steps: [video width="1920" height="1080" mp4="/storage/images/2022/04/How-to-Deriv-.mp4"][/video]
Step 1: Navigate to the Deriv trading website
- Navigate to the Deriv MT5 trading platform website and select the ‘Create 'live account’ tab to have full options for the Deriv live trading accounts.
Step 2: Register your email address
- Click on the bottom middle of your page on Create account.
Step 3: Read the Terms and Conditions
- Agree to the terms and conditions and set the password for the Deriv.com real account.
Step 4: Start Trading
- Fund the account and start trading. You can fund the Deriv live account by transferring funds from your main account via the ”Cashier” option.
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Min Deposit: $5
Leverage: Up to 1:1000
Regulators: MFSA, FSA, VFSC, BVI FSC
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Deriv At a Glance
| Category | Details |
| Company Information | |
| 🏷️Company Name |  |
| 📍Headquarters Location | St. Vincent & the Grenadines |
| 📅Year Established | 1999 |
| 👤CEO/Founder | Mikhail G. |
| 🌐Global Offices | Yes, multiple locations including Cyprus, Malta, and other international branches |
| 🔖Licensing Body | Various licenses |
| 👥Group Companies | Deriv Group |
| 🏛️Business Model | Online broker offering CFDs, binary options, forex, and cryptocurrencies |
| 🌍Operational Languages | English, German, Spanish, Arabic, Chinese, Portuguese, and more |
| 🏆Awards & Recognitions | Several industry recognitions, details may vary |
| Regulation and Security | |
| 🛡️Regulation | Malta Financial Services Authority (MFSA), the Labuan Financial Services Authority (Labuan FSA), the Vanuatu Financial Services Commission (VFSC), and the British Virgin Islands Financial Services Commission. |
| ✔️Compliance Standards | Follows international regulatory standards |
| 💼Client Fund Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🕵️♂️Financial Conduct Oversight | Overseen by SVG FSC and CySEC |
| 💰Insurance Coverage | Overseen by SVG FSC and CySEC |
| 📋AML & KYC Policy | Strict Anti-Money Laundering (AML) and Know-Your-Customer (KYC) policies |
| 🔒Security of Trading Platform | High-level encryption protocols |
| 🛡️Investor Compensation Fund | Not explicitly mentioned |
| 🖥️Cybersecurity Measures | Advanced encryption and security measures |
| Account Types and Features | |
| ⚙️Standard Account | Yes |
| 📊ECN Account | Yes |
| 🌙Islamic Account | Yes |
| 🎮Demo Account | Yes |
| 👑VIP Account | Yes |
| 💵Minimum Deposit | USD 5 / R87,84 ZAR |
| 💱Base Currencies | USD, EUR, GBP, AUD, and others |
| ⚖️Leverage Options | Up to 1:1000 |
| 📈Spreads (Fixed/Variable) | Variable |
| 🔄Swap-Free Accounts | Yes |
| 🌐Account Currency Conversion | Yes |
| 🚨Margin Call Level | 50% |
| ❌Stop-Out Level | 30% |
| 🔄Hedging Allowed | Yes |
| ⚡Scalping Allowed | Yes |
| 🔁Copy Trading Support | Yes |
| 👥Social Trading Features | Yes |
| 💼Managed Accounts | Yes |
| Trading Conditions | |
| 🔍Average Spreads | From 0.1 pips |
| 💲Commissions per Trade | Varies by account type |
| 🔢Leverage Range | 1:1 to 1:1000 |
| 🚀Execution Speed | Instant |
| 📊Order Execution Type | Market execution |
| 🔄Slippage Policy | Low slippage |
| 📏Margin requirements | Varies by instrument and account type |
| ⏹️Stop-Loss and Take-Profit Orders | Yes |
| 🔁Trailing Stops | Yes |
| 🕑Pending Orders | Yes |
| 🔽Partial Fills | Allowed |
| 🧾Dividend Adjustments | Yes |
| 🌙Overnight Swap Fees | Yes |
| 📆Rollover Policy | Applicable |
| 🛑Guaranteed Stop Loss | No |
| Trading Instruments | |
| 💹Forex Currency Pairs | Yes |
| 🪙Precious Metals (Gold/Silver) | Yes |
| 📈Indices | Yes |
| 🌾Commodities | Yes |
| ⛽Energies (Oil/Natural Gas) | Yes |
| ₿Cryptocurrencies | Yes |
| 📉Stocks | Yes |
| 🗂️ETFs | Yes |
| 🏛️Bonds | Yes |
| 📜Futures Contracts | Yes |
| 🛡️Options Contracts | Yes |
| ⚖️CFDs (Contracts for Difference) | Yes |
| 🔣Swap on Trading Board | Yes |
| 🔀Leveraged Instruments | Yes |
| 🎯Micro-Lot Trading | Yes |
| 💸Spread Betting | Yes |
| 🧺Currency Baskets | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Methods | Credit/Debit cards, e-wallets (Skrill, Neteller, etc.), Bank Transfers, Crypto |
| 💵Withdrawal Methods | Credit/Debit cards, e-wallets (Skrill, Neteller, etc.), Bank Transfers, Crypto |
| ⏱️Processing Time for Deposits | Instant |
| 🕒Processing Time for Withdrawals | 1-3 business days |
| 🚫Deposit Fees | No |
| 💵Withdrawal Fees | Varies by method |
| 🔢Minimum Deposit Amount | USD 5 / R87,84 ZAR |
| 📉Minimum Withdrawal Amount | $5 |
| 🚪Maximum Withdrawal Limit | No specified limit |
| ₿Crypto Deposits & Withdrawals | Yes |
| 🏦Bank Wire Transfers | Yes |
| 💳Credit/Debit Cards | Yes |
| 📲E-Wallets (Skrill, Neteller, etc.) | Yes |
| 🏘️Local Payment Methods | Yes |
| Trading Platforms and Tools | |
| 💻MetaTrader 4 (MT4) | Yes |
| 👩💻MetaTrader 5 (MT5) | Yes |
| 🖥️Proprietary Platform | Yes |
| 📱Mobile Trading App | Yes |
| 🌐Web-Based Platform | Yes |
| 🤖Trading Bots | Yes |
| 🖧VPS Services | Yes |
| 🔌API Connectivity | Yes |
| 📉Charting Tools | Yes |
| 🧮Custom Indicators | Yes |
| 🧠Market Sentiment Analysis | Yes |
| 📩Trading Signals | Yes |
| 🏷️Advanced Order Types | Yes |
| ⚠️Risk Management Tools | Yes |
| 📅Economic Calendar | Yes |
| 📰Market News Feed | Yes |
| Customer Support | |
| 📞Support Channels | Email, Live Chat, Phone |
| 🗨️Live Chat Availability | Yes |
| 📧Email Support | Yes |
| 📱Phone Support | Yes |
| 🌍Multilingual Support | Yes |
| ❓Help Center/FAQ | Yes |
| 👨💼Dedicated Account Manager | Yes |
| ⏲️Response Time (Live Chat) | Typically within minutes |
| 🕒Response Time (Email) | 1-2 business days |
| ⭐Support Rating | 4.5/5 |
| Educational Resources and Support | |
| 🎥Webinars | Yes |
| 🏫Seminars | Yes |
| 📖Trading Tutorials | Yes |
| 📊Market Analysis Reports | Yes |
| 📚E-Books | Yes |
| 🎬Video Library | Yes |
| 📜Glossary | Yes |
| ❔FAQs | Yes |
| 🆕Beginner Guides | Yes |
| 🚀Advanced Trading Strategies | Yes |
| Partnerships and Programs | |
| 📋IB Program | Yes |
| 🪪Affiliate program? | Yes |
| 🏷️White Label Solutions | Yes |
| 🎁Partnership Rewards | Yes |
| 🏛️Institutional Solutions | Yes |
| 🔌API Partnership | Yes |
| 🤝Referral Program | Yes |
| Fees & Charges | |
| 💳Deposit Fees | No |
| 📤Withdrawal Fees | Varies by method |
| 💤Inactivity Fee | Yes |
| 🌜Overnight Fees (Swaps) | Yes |
| 💱Conversion Fees | Yes |
| 💰Commission on Trades | Varies by instrument |
| Market Research Tools | |
| 📅Economic Calendar | Yes |
| 📰Market News | Yes |
| 📩Trading Signals | Yes |
| 🔧Technical Analysis Tools | Yes |
| 💭Sentiment Analysis | Yes |
| Additional Features | |
| 👥PAMM/MAM Accounts | Yes |
| 🔗Social Trading Platform | Yes |
| 🏆Trading Competitions | Yes |
| 🎁Loyalty Rewards | Yes |
| 👑Exclusive VIP Perks | Yes |
| Promotions & Bonuses | |
| 🎁Welcome Bonus | Yes |
| 💵Deposit Bonus | Yes |
| 🏅Trading Contests | Yes |
| 🌟Seasonal Promotions | Yes |
| 🎖️Loyalty Programs | Yes |
| User Experience & Reviews | |
| 🖥️User Interface Quality | Highly rated |
| 🔒Platform Stability | Very stable |
| 📱Mobile App Reviews | Positive |
| ⭐Overall User Rating | 4.5/5 |
| 🌟Trustpilot Rating | 4.5/5 |
| 😟Common Complaints | Occasionally slow withdrawal times |
| Mobile | |
| 📱Mobile App Name | Deriv |
| 🛠️Developer | Deriv |
| 📅Release Year | 2019 |
| 💻OS Compatibility | iOS, Android |
| 🌐Languages Supported | Multiple |
| 📈Trading Instruments | Forex, Crypto, Stocks, Commodities, Indices, CFDs |
| 🔄Real-Time Data | Yes |
| 🛠️Charting Tools | Yes |
| 📊Order Types Supported | Limit, Market, Stop, OCO |
| 🚀Order Execution Speed | Fast |
| 🔔Custom Alerts | Yes |
| 🤝Beginner-Friendly | Yes |
| 🔐Security Features | SSL encryption, two-factor authentication |
| 🖥️Synchronization | Yes |
| 💰Deposit and Withdrawal | Yes |
| 📝Account Types Accessible | All |
| 🔄Switch Accounts | Yes |
| 💬In-App Support | Yes |
| 📚Educational Resources | Yes |
| 🎯Watchlist | Yes |
| 🌙Dark Mode | Yes |
| 🌐Social Trading | Yes |
| AI Trading Resources | |
| 🤖AI Integration | Yes |
| 📊Data Analysis | Yes |
| 📈Predictive Analytics | Yes |
| 🛠️Customizable Strategies | Yes |
| 📉Risk Management Tools | Yes |
| 🧑🏫Trading Insights | Yes |
| 🚀Execution Optimization | Yes |
| 🔄Portfolio Rebalancing | Yes |
| 📚AI Tutorials | Yes |
| 🎥Video Demonstrations | Yes |
| 🧑🤝🧑Webinars | Yes |
| 🔍AI-Powered Search | Yes |
| 🌟Beginner-Friendly | Yes |
| 🖥️Platform Availability | Yes |
| 📈Backtesting Capability | Yes |
| 🛠️Strategy Builder | Yes |
| 🔔Alerts and Notifications | Yes |
| 🔒Data Protection | Yes |
| 👁️🗨️Transparency | Yes |
| Social Media Platformst | |
| Yes | |
| Yes | |
| 🐦X | Yes |
| Yes | |
| 🎥YouTube | Yes |
| 📝Sign up | 👉Open Account |
Deriv Customer Reviews
- Deriv has mixed customer reviews and ratings, stating the areas in which it excels, as well as the areas in which it requires improvement.
- Many users praise it for its easy-to-navigate interface, a range of trading instruments, and a demo account for practice.
- Its relatively low minimum deposit for opening an account and support for many account types, including Islamic, is attracting traders.
- Customers have expressed concerns over delays in withdrawals and response time to customer support inquiries.
| Aspect | Feedback | Rating (Out of 5) |
| ⭐Overall Rating | Generally positive feedback from users | ⭐⭐⭐⭐⭐ |
| 🖥️ Platform Interface | User-friendly and intuitive for beginners and advanced traders | ⭐⭐⭐⭐ |
| 💰 Affordability | Low minimum deposit, appreciated by many customers | ⭐⭐⭐⭐⭐ |
| 📈 Trading Instruments | Wide variety of instruments, including forex, commodities, and cryptocurrencies | ⭐⭐⭐⭐⭐ |
| 🎮 Demo Account | Praised for offering a robust demo account for practice | ⭐⭐⭐⭐ |
| 🕒 Withdrawal Process | Some reports of delays in withdrawals | ⭐⭐⭐ |
| 📞Customer Support | Mixed reviews – Prompt in many cases but occasional delays reported | ⭐⭐⭐ |
| 🌍 Accessibility | Support for multiple languages and account types, including Islamic accounts | ⭐⭐⭐⭐ |
| 💬 Trustpilot Reviews | Mixed reviews with users appreciating platform features but pointing out areas for improvement | ⭐⭐⭐ |
| 📊 Common Complaints | Withdrawal delays and occasional bugs in the platform | ⭐⭐⭐⭐ |
| 🎯 User Recommendations | Recommended for beginners and traders seeking a low-cost, diverse trading experience | ⭐⭐⭐⭐⭐ |
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Min Deposit: $5
Leverage: Up to 1:1000
Regulators: MFSA, FSA, VFSC, BVI FSC
Customers Rating
| 🌐 Platform | 📝 Feedback Summary | ⭐ Rating |
 | Mixed reviews some users report positive experiences, while others highlight issues with spreads and account security. | ⭐⭐⭐☆☆ |
 | Predominantly negative feedback concerns about unauthorized trades and withdrawal difficulties. | ⭐☆☆☆☆ |
 | Users report challenges with account verification and fund withdrawals. | ⭐☆☆☆☆ |
 | Discussions about unauthorized trading activities and account security breaches. | ⭐☆☆☆☆ |
 | Users appreciate the variety of account types, competitive spreads, quick deposits and withdrawals, and the availability of indices for 24/7 trading. | ⭐⭐⭐⭐☆ |
 | Mixed reviews Some users praise its user-friendly interface and customer support, while others report issues with withdrawals and account verification. | ⭐⭐⭐☆☆ |
Pros and Cons
| ✅ Pros | ❌ Cons |
| With as little as $5, traders can start trading, making it accessible to beginners. | Deriv offers fewer educational materials compared to some other brokers. |
| Deriv offers a variety of assets, including Forex, commodities, synthetic indices, and cryptocurrencies. | Some users report occasional delays in processing withdrawals. |
| Traders can take advantage of leverage up to 1:1000, allowing for higher potential returns. | While support is helpful, it could be more responsive, especially during peak times. |
| Users have access to DTrader, Deriv MT5, and Deriv X, giving flexibility in trading preferences. | The mobile trading app could be faster and more streamlined for better usability. |
Conclusion
Deriv trades in various jurisdictions and is authorized by a number of regulatory bodies that keep a strict watch over its trading activities. In the EU, Deriv is regulated by the Malta Financial Services Authority (MFSA). For traders outside of the EU, the broker is licensed by the Labuan Financial Services Authority (LFSA), Vanuatu Financial Services Commission (VFSC), and the British Virgin Islands Financial Services Commission (BVIFSA).
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Frequently Asked Questions
What account types does Deriv offer?
Deriv offers several account types depending on the platform you use, including Standard, Financial, Swap-Free, and Zero Spread accounts. These accounts are mainly available on Deriv MT5 and are designed to suit different trading strategies and experience levels.
What is a Deriv Standard account?
The Standard account is a versatile option suitable for beginners and experienced traders. It provides access to multiple markets like forex, commodities, and synthetic indices, with competitive spreads and flexible leverage options for general trading purposes.
What is a Deriv Financial account?
A Financial account is designed for traders who focus on traditional financial markets such as forex, stocks, and commodities. It typically offers tighter spreads and is ideal for traders who rely on precise pricing and technical analysis strategies.
What is a Swap-Free account on Deriv?
A Swap-Free account allows traders to hold positions overnight without paying swap or interest fees. This makes it suitable for long-term trading strategies or traders who follow financial principles that restrict interest-based transactions.
What is a Zero Spread account on Deriv?
A Zero Spread account offers trades with no spread, meaning buy and sell prices are identical. Instead, traders pay a fixed commission per trade, making it suitable for high-frequency traders or those who need precise cost control.
Does Deriv offer demo accounts for all account types?
Yes, Deriv provides demo versions of most account types, especially on MT5. Demo accounts allow traders to practice strategies using virtual funds before committing real money, making them ideal for beginners learning how different accounts work.
Which Deriv account is best for beginners?
The Standard account is generally best for beginners because it offers a balanced trading environment with access to multiple assets, moderate spreads, and user-friendly conditions. It allows new traders to learn without complex cost structures.
Can I have multiple Deriv account types?
Yes, traders can open multiple account types on Deriv through the Trader’s Hub. This allows users to switch between different trading conditions and platforms depending on their strategy, without needing separate registrations.
What markets can I trade with Deriv accounts?
Depending on the account type, traders can access forex, stocks, cryptocurrencies, commodities, indices, and synthetic indices. Some accounts offer broader access, while others focus on specific markets or trading styles.
How do I choose the right Deriv account type?
Choosing the right account depends on your trading style. Beginners should start with Standard accounts, while advanced traders may prefer Zero Spread or Financial accounts. Long-term traders may benefit from Swap-Free accounts to avoid overnight fees.
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