Deriv Fees and Minimum Deposit - TU Expert review
While reliability is paramount, fees and minimum deposits are crucial factors when choosing a broker. Lower fees with diverse options make a broker more attractive for trading. The minimum deposit is another important factor for new traders who may not have a substantial amount to invest immediately.
Traders Union analyzed Deriv fees, minimum deposit requirements, and commission structure to assess their suitability for beginner traders.
Short introduction of Deriv
Deriv is a brokerage company that started its activities in 1999. Deriv's mission is to make trading accessible. For this reason, the company has low minimum deposit requirements, but high-quality working conditions. DTrader is one of the broker's several proprietary trading platforms. Two others are Deriv bot and Deriv MT5. Deriv offers its clients to trade Forex assets, stocks, indices (including synthetic ones), CFDs, commodities, and options. Deriv is an international broker licensed and regulated by the following bodies: Vanuatu Financial Services Commission (VFSC, 14556), Malta and Labuan Financial Services Authority (MFSA, 71479 and Labuan FSA, MB/18/0024), BVI FSC (SIBA/L/18/1114). The rights of traders are guarded by the Financial Commission, of which Derive is also a member.
| 💰 Account currency: | Fiats, cryptocurrencies |
| 🚀 Minimum deposit: | 5-10 $ |
| ⚖️ Leverage: | Up to 1:1000, multipliers available (leverage levels may vary depending on the client's account and country of residence) |
| 💱 Spread: | Fixed, floating |
| 🔧 Instruments: | Cryptocurrencies, CFDs, Derived indices, Forex, stocks, commodities, ETFs |
| 💹 Margin Call / Stop Out: | 100% / 50% |
Deriv Commissions and Fees
Deriv was analyzed by the experts at the Traders Union to establish the amounts and types of fees that the broker charges its clients. It was not possible to establish exact data on the size of the spread because Deriv offers a fixed commission and a floating spread, so the commission size for different assets and different types of accounts may differ. There are no fees for maintaining a trading account, however, for inactivity, the broker may charge an additional commission. Withdrawing funds and replenishing an account with Deriv are free. Any commission, in this case, is set by the payment agent. No hidden fees were found.
| Account type | Spread (minimum value) | Withdrawal commission |
| Real account | From $1 | Yes - established by trading platform and payment system |
A broker is an intermediary between a trader and an exchange. Therefore, brokers charge fees for their services. The fees may have different structure.
There are the following fees in the Forex market:
-
Spread – the difference between the buy and the sell price of an asset.
-
Commission per lot.
-
Commission per trade.
Broker fees may differ depending on the trading account type. For example, on some accounts spread is used as a trading fee, and on others – commission per lot.
Deriv Minimum deposit
How to Start Making Profits — Guide for Traders
Deriv offers two main account types: demo and real. However, the real account is divided into several categories, since traders need a separate trading account for each of the trading platforms. Learn more options how to make money on Deriv.
Account types:
When registering on the Deriv website, traders must open a demo account.
Deriv is an international broker, however, there are some countries where the broker is not legally allowed to provide its services. The list includes the United States, Hong Kong, Canada, Israel, Rwanda, Paraguay, Malta, Jersey, Malaysia, and the United Arab Emirates.
Deriv - How to open, deposit and verify a trading account | Firsthand experience of TU
Brokers similar to Deriv
When analyzing Deriv, it is important to compare it with other similar companies. Before you choose a broker, it is important to compare its trading conditions with competitors. Traders Union analysts have prepared a comparison of the minimum deposit and other trading conditions of Deriv and other brokers.
Comparison of Deriv with other Brokers
| Deriv | RoboForex | Pocket Option | Exness | Eightcap | IC Markets | |
|---|---|---|---|---|---|---|
|
Trading platform |
Deriv bot, Deriv MT5, Derivix, Deriv Trader, SmartTrader |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4, MT5 |
MT4, cTrader, MT5, TradingView |
|
Min deposit |
$5 |
$10 |
$5 |
$10 |
$100 |
$200 |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:30 |
From 1:1 |
|
Trust management |
No |
No |
No |
No |
No |
No |
|
Accrual of % on the balance |
1.00%% |
No |
No |
No |
No |
No |
|
Spread |
From 0 points |
From 0 points |
From 1.2 point |
From 1 point |
From 0 points |
From 0 points |
|
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
|
Execution of orders |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution |
|
No deposit bonus |
No |
No |
No |
No |
No |
No |
|
Cent accounts |
No |
Yes |
No |
No |
No |
No |
| Deriv | RoboForex | Pocket Option | Exness | Eightcap | IC Markets | |
|---|---|---|---|---|---|---|
|
Forex |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Metalls |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Crypto |
Yes |
No |
Yes |
Yes |
Yes |
Yes |
|
CFD |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Indexes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Stock |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
ETF |
No |
Yes |
No |
No |
No |
No |
|
Options |
Yes |
No |
No |
No |
No |
No |
Could I recommend Deriv to a beginner trader?
Based on the results of the analysis, Traders Union experts have concluded that the fees charged by the broker are average. There are companies with lower fees. The broker offers a low minimum deposit, but average fees do not make this broker a good choice for novice traders.
FAQs
What are non-trading fees?
Non-trading fees are the fees charged outside the trading process, for example deposit and withdrawal fee, inactivity fee, etc.
Are the fees charged on a demo account?
Yes, but they are written off the virtual funds you use for trading on the demo account. This allows you to learn the level of the fees.
Can the level of fees differ for cent and standard accounts?
Yes. On cent accounts, the fees are generally lower than on standard accounts.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.