Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Deriv Pros & Cons
- Membership in The Financial Commission.
- Investment protection of up to €20,000.
- Zero trading fees and a wide range of derivatives with floating and fixed spreads.
- The minimum amount to trade options is $5.
- Initial deposit starting from 5 units.
- Trading platforms are customized to specific markets.
- Client funds are held in segregated accounts in major banks.
- Accounts are protected with 2FA.
- The broker does not offer the MetaTrader 4 platform for beginners.
- Investment in PAMM or MAM accounts is not available.
- There is limited educational content on the company's website.
TU Expert Verdict
I can confidently recommend Deriv — it is a highly trusted company that I have personally tested and verified. Its trading conditions and user feedback show that most traders are satisfied, and my own experience confirms its solid and consistently reliable performance.
Top-5 Brokers Traders Prefer
Deriv User Reviews
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5-star
51%
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4-star
31%
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3-star
15%
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2-star
1%
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1-star
1%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria5 /10The trading and non-trading commissions of Deriv have been analyzed and rated as having Medium fees, with a fees score of 5/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
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Is Deriv Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria7.7 /10Deriv has a safety score of 7.7/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Track record over 27 years
- Not tier-1 regulated
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.9.2 /10Deriv offers the following account options: Demo, Standard, Swap Free, Managed.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Low minimum deposit
- Demo account
- Swap Free (Islamic) account
- Micro lots are not available
- No VIP account option
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology7 /10Deriv received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria6.5 /10Deriv offers a limited selection of trading assets compared to the market average. The platform supports 190 assets in total, including 50 Forex pairs.
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Trading Account Opening
We successfully registered an account with Deriv in 15 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at Deriv is $5.Score:We evaluated Trading Account Opening at Deriv by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria10 /10Deriv received a score of 10/10, indicating a strong offering in terms of trading platforms and tools. The broker provides broad access to popular platforms and supports a variety of features designed to enhance both manual and automated trading.
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Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria7.5 /10 -
Customer Support
Score:We evaluated Customer Support at Deriv by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5.4 /10
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FAQs
How is Deriv regulated and what does its safety score indicate?
Deriv has a safety score of 7.7/10, which corresponds to a medium security level in this review. It is regulated by several authorities, including the BVI FSC and LFSA (Malaysia) at Tier-2 level and VFSC, FSC (Mauritius), and SVG FSA at Tier-3 level, and it offers negative balance protection and KYC verification, but it is not Tier-1 regulated and there is no specific investor compensation fund mentioned.
What types of trading accounts are available and how do Deriv’s account conditions work?
Deriv offers Demo, Standard, Swap Free (Islamic), and Managed accounts, but it does not provide Cent accounts or micro-lot trading. Each client can open only one account in a chosen currency, and account characteristics differ by platform, such as Deriv MT5 for CFDs on various assets with leverage and Deriv Trader for options with multipliers and a minimum position size of $5.
What do user reviews say about Deriv’s overall reliability and user experience?
Deriv has a user satisfaction score of 8.6/10 based on 416 reviews, with 51% of users giving 5-star ratings and 31% giving 4-star ratings. According to user reviews, overall sentiment is mostly positive, although there are also some neutral and a small number of negative ratings.
What does user feedback say about Deriv’s mobile trading apps?
Deriv’s mobile apps for iOS and Android have a mobile section score of 7.45/10, with support for indicators, trading alerts, and mobile two-factor authentication. User feedback reflected in the scores shows a 3.1 rating on the App Store and 3.8 on Google Play, and the review notes that feedback on iOS is relatively weak.
How effective is Deriv’s customer support according to available feedback?
Deriv’s customer support has a safety score of 5.4/10, with response times described as moderate and service quality varying depending on the complexity of the request. Support is available 24/7 in 17 languages via website chat, WhatsApp, and the user community, but there is no phone support and no email address listed in the contacts section.
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