Deriv Account Types vary according to what traders require. Derive offers three live account types namely the Financial account, the Financial STP account, and the Synthetic account.
Deriv at a Glance
| Broker's Name | Deriv used to be known as Binary.com |
| 📍 Headquartered | USA |
| 📅 Year Founded | 1999 |
| ⚖️ Regulating Authorities | Regulated through Malta Financial Services Authority (MFSA), Labuan Financial Services Authority (LFSA), Vanuatu Financial Services Commission (VFSC) and British Virgin Islands Financial Services Commission (BVIFSC) |
| 🌐 Countries not accepted for trade | Canada, France, Hong Kong, Israel, Jersey, Malaysia, Malta, Paraguay, UAE, USA, |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:1 000. |
| 💰 Minimum Deposit | $5 *no minimum amount for cryptocurrency |
| ZAR | R75 ZAR |
| 💳 Deposit Options 💳 Withdrawal Options | Bank wire transfer –Credit/debit cards – Both Visa and Mastercard – USD/GBP/EUR/AUD. E-wallets – Skrill, Neteller, PaySafe, Fasapay, and WebMoney, Cryptocurrency, Bitcoin, Ethereum, Litecoin and Tether |
| 💻 Platform Types | Binary.com’s SmartTrader system. DMT5, DTrader, DBot |
| 📱 OS Compatibility | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad. |
| 📈 Tradable assets offered | Forex – Close to 50 FX currency pairs, including majors, minors and exotics Stock indices – Speculate on price movements across the largest US, Asian and European stock indices. Synthetic indices – Based on a secure random generator, synthetic indices replicate real-world market conditions and are available 24/7 delivering consistent volatility Commodities – Precious metals, such as gold and silver, plus energies like oil are available |
| 👨💼 Languages supported on Website | 11 different languages |
| 👥 Customer Support Languages | 11 different languages |
| 📆 Customer Service Hours | 24/7 |
| 📌 Open an account | 👉 Click Here |
Min Deposit
USD 5
Regulators
MFSA, LFSA, VFSC, BVIFSC
Trading Platform
Binary.com’s SmartTrader system,
DMT5, DTrader, DBot
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Choose your quick section of our Deriv Account Types below.
Deriv Account Types Revealed – A Key 11 Point Quick Overview
Deriv offers clients a choice between three live account types, namely Standard Account, Financial STP account, and a Synthetic account.
Deriv Overview
Deriv was originally founded in 1999 as Binary.com by the Binary Group and is a valued name in the binary options trading business. Its headquarters is in Birkirkara, Malta, and has various other offices outside of the EU.In 2013 Binary.com rebranded to Deriv. This rebranding came with enhanced features, a new range of trade types, a variety of charting applications, and more developed and advanced trading platforms.
The founding company of Deriv is Regent Markets Group, which primary mission was to make online trading to be more accessible to the masses. The Group has evolved and rebranded and offers binary options and it was first purchased in 2000 when Regent Markets had opened its first office in Malta.
Deriv offers trading in forex, commodities, stocks, and synthetic indices through a choice of three trading platforms, namely DTrader, DBot, and DMT5. Leverage can go as high as 1: 1000. Customers from the United States, Canada, Hong Kong, Israel, France, Jersey, Malaysia, Malta, Paraguay, United Arab Emirates are not accepted as clients at Deriv.
Deriv Account Types
Deriv offers clients a choice between three live account types, namely Standard Account, Financial STP account, and a Synthetic account. It also offers the option to open a demo account but does not offer the option of opening an Islamic Account.
| Account Types | 🌐 Deriv Standard (Financial) Account | 🌐 Deriv Financial STP Account | 🌐 Deriv Synthetic Account |
| 💳 Account currency | USD | USD | USD |
| 📊 Leverage | 1:1000 | 1:1000 | 1:1000 |
| 📉 Order execution | Market | Market | Market |
| 📉 Spreads | Fixed/Variable | Varriable | Variable |
Traders will find that through these live accounts, Deriv offers competitive trading conditions along with comprehensive solutions and services.
Deriv Account Features
Standard Account
The Standard Account offers both new and experienced traders the ability to trade commodities, cryptocurrencies, major (standard and micro-lots), and minor currency pairs with high leverage of up to 1: 1000.
| 🌐 Deriv Standard Account | |
| 📌 Account Features | |
| Leverage | 1:1000 |
| Margin Call | 100% |
| Stop out level | 50% |
| Commissions | None |
Financial STP Account
The Financial STP account allows you to trade major, minor, and exotic currency pairs with tight spreads and higher trade volumes. It is a 100% A Book account where traders’ trades are passed straight through to the market which gives traders direct access to forex liquidity providers.
| 🌐 Deriv Financial STP Account | |
| 📌 Account Features | |
| Leverage | 1:1000 |
| Margin Call | 100% |
| Stop out level | 50% |
| Commissions | None |
| Number of assets | 150+ |
Synthetic Account
This account is audited for fairness by an independent third party and allows traders to trade contracts for difference (CFDs) on synthetic indices. Leverage is offered at a maximum of 1: 1000 with a margin call at 100% and stop-out level at 50%. All the account types only require a minimum deposit of $ 5 and are available for traders 24/7 which includes customer services.
| 🌐 Deriv Synthetic Account | |
| 📌 Account Features | |
| Leverage | 1:1000 |
| Margin call | 100% |
| Stop out level | 50% |
| Minimum deposit | $5 R75ZAR |
| Commissions | None |
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:
- Step 1: Navigate to the Deriv trading website
Navigate to the Derive MT5 trading platform website and select the link ‘Create ‘live account’ tab to have full options for the Deriv live trading accounts.
- Step 2: Register your email address
Traders will be redirected to a page where they will be asked to provide an email address so to open a live account. Next, they must agree to the terms and conditions of Deriv.
- Step 3: Start trading
On clicking on ‘Create account’ it is immediately done, and traders can start to trade by checking their email for credential log in details.
Traders also have the option to use the demo account on your Binary.com account if the trader is registered on one.
Deriv Demo Account
Deriv offers traders the option of opening a Demo Account which can be utilized in many ways, With 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 like the live account type and gives traders the opportunity to practice trading without any risk involved.
| 🌐 Deriv | |
| Account Type | 🆓 Demo account |
| Account Features | 📌 Unlimited virtual funds |
| 📌 30 day trial |
Islamic Account
The purpose of an Islamic Account is that it caters specifically to Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.
Unfortunately, Deriv does not offer an Islamic Account to Muslim traders who follow Sharia law. These changes are as per the broker’s discretion and/or changes in market conditions.
Min Deposit
USD 5
Regulators
MFSA, LFSA, VFSC, BVIFSC
Trading Platform
Binary.com’s SmartTrader system,
DMT5, DTrader, DBot
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Deriv Customer Reviews
Deriv is best platform I try many of…
Deriv is best platform I try many of platform before coming for Deriv – Makeka
The Best
Fast, simple and secure. – Peter
Its the Best broker that I have ever…
Its the Best broker that I have ever used so far. – Lee Mb
Deriv Pros and Cons
| ✅ PROS | ❌ CONS |
| 24/7 trading offered | Clients from United States, Canada, Hong Kong, Israel, France, Jersey, Malaysia, Malta, Paraguay, United Arab Emirates are not accepted |
| Low minimum deposit required | No Islamic account offered |
| MetaTrader 5 offered | No MetaTrader 4 |
| Offers a demo account | |
| Offers binary options | |
| Regulated through Malta Financial Services Authority (MFSA), Labuan Financial Services Authority (LFSA), Vanuatu Financial Services Commission (VFSC) and British Virgin Islands Financial Services Commission (BVIFSC) | |
| Segregated client funds used |
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Conclusion
Deriv trades in various jurisdictions and is authorized by a number of regulatory bodies that keeps 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).
Under the watchful eye of these financial bodies, Deriv is not allowed to make use of the client’s funds for its own activities but must keep it in segregated accounts which is only available to its clients. Client funds are also protected in the unlikely event that the broker becomes insolvent.
Frequently Asked Questions
Can traders from South Africa open a Deriv trading account?
Yes, Deriv is a well-regulated broker open to traders globally.
How many instruments can I trade with Deriv?
You can trade several different instruments with Deriv, which include the following:
- Forex – Close to 50 FX currency pairs, including majors, minors, and exotics
- Stock indices – Speculate on price movements across the largest US, Asian and European stock indices
- Synthetic indices – Based on a secure random generator, synthetic indices replicate real-world market conditions and are available 24/7 delivering consistent volatility
- Commodities – Precious metals, such as gold and silver, plus energies like oil
Does Deriv offer leverage?
Yes. Leverage of up to 1: 1 000.
Does Deriv have ZAR accounts?
No, Deriv does not offer accounts in ZAR but the option to pay in ZAR currency is available whereby conversion fees apply.
Are there any apps available for the Deriv trading account?
Yes. Deriv offers trading platforms with the option of apps that are compatible with IOS and Andriod.
Featured SA Shares Writer and Forex Analyst.
