Welcome to my comprehensive review of Deriv account types. Having used Deriv as my trading broker since 2016, I bring much firsthand experience to this analysis. I aim to provide an unbiased and detailed examination of the various account options available, highlighting their unique features and potential benefits for traders. Whether you're new to Deriv or considering a switch between account types, this review is crafted to assist you in making an informed decision based on practical insights and real trading scenarios.
Deriv Overview
| 🔍 Broker's Name | Deriv Formely (Binary.com) |
| 🌐 Website | www.deriv.com |
| 📌 Headquartered | USA |
| 📅 Year Founded | 1999 |
| ⚖ Regulating Authorities | MFSA, LFSA, VFSC, BVIFSC |
| 💳Minimum deposit | $5 |
| 🎮 Demo Account | ✔ Yes |
| 🏢 Institutional Accounts | ✔ Yes |
| 🔁 Copytrading | ✔ Yes |
| 🏋️♂️ Maximum Leverage | 1:1000 |
| 💳 Deposit & Withdrawal Options | Bank wire transfer –Credit/debit cards – Both Visa and Mastercard. E-wallets – Skrill, Neteller, PaySafe, Fasapay, WebMoney, Cryptocurrency, Bitcoin, Ethereum, Litecoin and Tether. Payment agents, Dp2p |
| 📱 Platform Types | DMT5, DTrader, DBot, Deriv X, Deriv Go, Deriv EZ, Deriv cTrader |
| 💻 OS Compatibility | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad. |
| 📈 Tradable assets offered | Forex, Stock indices, Synthetic indices, Commodities, Energies, ETF |
| 🗣 Customer Support Languages | 11 different languages |
| 🗣 Customer Service Hours | 24/7 |
| 🚀Open an account | 👉 Click Here |
Deriv Account Types
Deriv Offers four main account types and these are:
- Standard Account (formerly synthetic indices account)
- Financial account
- Swap-Free account
- Zero Spread account
In addition, Deriv also offers the cTrader account and the Deriv X account. All these Deriv account types have demo accounts that you can practice with virtual money.
Let's look at each account type in depth below.
Deriv Standard Account
| 🔍 Account Features | 🧾 Deriv Standard Account (Derived Account) |
| 🏋️♂️ Leverage | 1:1000 |
| 📢 Margin call | 100% |
| 🔔 Stop out level | 50% |
| 💳 Minimum deposit | $5 |
| 💰 Commissions | None |
| 📱 Platforms | Deriv MT5, Deriv X, Deriv EZ, Deriv cTrader |
| 📊 Instruments Available for trading | Forex, Stocks, Stock indices, Commodities, Cryptocurrencies, ETFs, Synthetic indices, Basket indices |
| 🚀 Open Derived Account | 👉 Click Here |
The Deriv standard account allows you to trade all the instruments available on Derv including forex and synthetic indices.
Synthetic indices are designed to copy the movement of real-world assets but are unaffected by real-world events such as news, economic releases, and others.
The Deriv standard account (also known as Derived account or Deriv synthetic indices account) allows 24/7 trading even during the holidays.
The account offers a variety of volatility levels to choose from, bringing so much convenience to traders.
This account is audited for fairness by an independent third party.
Pros and Cons Of The Deriv Standard Account
| ✅ Pros | ❌ Cons |
|---|---|
| – 24/7 trading including holidays – 24/7 support – low minimum deposit – over 200 tradeable assets – can be used on various platforms | – High leverage can lead to significant losses – not available in some countries – 24/7 availability may lead to over-trading |
Deriv Financial Account
| 🔍 Account Features | 🧾 Deriv Financial Account |
| 🏋️♀️ Leverage | 1:1000 (Dynamic leverage) |
| 📊 Number of assets | 170+ |
| 📢 Margin call | 100% |
| ⚡ Stop out level | 50% |
| 💳 Minimum deposit | $5 |
| 💵 Spreads | From 0.6 pips |
| 💰 Commissions | None |
| 📱 Platforms | Deriv MT5, Deriv X, Deriv EZ |
| 🚀 Open Financial Account | 👉 Click Here |
The Deriv Financial account allows CFD trading on major and minor forex pairs, stocks, stock indices, commodities, cryptocurrencies and ETFs, with leverage of up to 1:1000.
The account offers Straight-Through-Processing (STP) execution with tight spreads
Pros And Cons Of The Deriv Financial Account
| ✅ Pros | ❌ Cons |
|---|---|
| – Wide range of trading assets available – Low minimum deposit – Competitive spreads | – High leverage can lead to significant losses – not available in some countries |
Deriv Swap-Free Account (Deriv Islamic Account)
| 🔍 Account Features | 🧾 Deriv Swap-Free Account |
| 🏋️♀️ Leverage | 1:1000 |
| 📊 Number of assets | 40+ |
| 📢 Margin call | 100% |
| ⚡ Stop out level | 50% |
| 💳 Minimum deposit | $5 |
| 💰 Commissions | None |
| 📱 Platforms | Deriv MT5, Deriv X, D Trader, SmartTrader |
| 🚀 Open Islamic Account | 👉 Click Here |
The Deriv swap-free account (also known as Deriv Islamic account) allows you to trade on forex, indices, commodities, and cryptocurrencies without paying any overnight interest fees.
This makes it a good choice for traders who follow Islamic principles, as well as traders who simply want to avoid paying overnight fees.
Deriv swap free accounts are available on all of the broker's trading platforms, including DTrader, SmartTrader, and DMT5.
The spreads and commissions on the Deriv swap-free account are generally slightly higher than on standard accounts, but this is to offset the cost of the broker providing swap-free trading.
Pros and Cons of Deriv Swap Free Account
| ✅ Pros | ❌ Cons |
|---|---|
| – No overnight charges – Low minimum deposit – Competitive spreads | – Limited trading assets – Not available in some countries – Limited features and tools |
Deriv Zero Spread Account
| 🔍 Account Features | 🧾 Deriv Zero Spread Account |
| 🏋️♀️ Leverage | 1:1000 |
| 📊 Number of assets | 70+ |
| 📢 Margin call | 100% |
| ⚡ Stop out level | 50% |
| 💳 Minimum deposit | $5 |
| 📊 Instruments Available | Forex, Stock Indices, Commodities, Cryptocurrencies, Synthetic indices, Basket indices |
| 💴 Spreads | From 0 pips |
| 💰 Commissions | ✅ Yes |
| 📱 Platforms | Deriv MT5, Deriv X, D Trader, SmartTrader |
| 🚀 Open Islamic Account | 👉 Click Here |
The Deriv Zero Spread account is designed for traders who seek to minimize trading costs through reduced spreads. This account type offers spreads as low as zero pips on several trading instruments, making it an attractive option for high-volume traders and those who employ strategies such as scalping.
Traders pay a fixed commission per lot traded instead of dealing with spreads. This commission-based model can be particularly advantageous for high-volume traders or those utilizing certain algorithmic strategies, as it often results in lower overall trading costs compared to accounts with variable spreads.
By offering tighter spreads, the Deriv Zero Spread account allows for more precise control of entry and exit points in trading, potentially leading to better execution of trades.
This account type is suitable for traders looking for speed and efficiency in their trading activities, providing an edge in fast-moving markets.
Pros & Cons Of The Deriv Zero Spread Account
Pros👍
- Low minimum deposit
- Wide range of trading assets
- No spreads on major instruments
Cons👎
- High commissions
- Less suitable for long-term trading
- Zero spreads may lead to overtrading
Deriv cTrader Account
The Deriv cTrader account allows traders to copy the strategies of expert traders in real time.
With a Deriv cTrader account, clients can copy trade currencies, metals, indices, energies, derived indices and commodities.
Deriv cTrader works by connecting followers to strategy providers. The strategy providers' trades are automatically copied to the followers' accounts in real time. This means that followers can potentially make profits without having to trade themselves.
Pros and Cons of The Deriv cTrader Account
| ✅ Pros | ❌ Cons |
|---|---|
| – Wide range of strategy providers to choose from – Only pay commission on successful trades – No minimum deposit – Can lead to passive income – Risk management features are in place – Allows beginners to make money without spending time analysing charts. | – Cannot copy trade cryptocurrencies – May lead to over-dependence on other traders – Past performance does not guarantee future results. – There is still risk involved in copy-trading – The costs involved in Deriv copy trade may be significant. |
Deriv X Account
| 🔍 Account Features | 🧾 Deriv X Account |
| 🏋️♀️ Leverage | 1:1000 |
| 📊 Number of assets | 100+ |
| 📢 Margin call | 100% |
| ⚡ Stop out level | 50% |
| 💳 Minimum deposit | $5 |
| 📊 Instruments Available | Forex, Stocks, Stock Indices, Commodities, Cryptocurrencies, Synthetic indices, Basket indices, ETFs |
| 💴 Spreads | From 0.5 pips |
| 💰 Commissions | ❌ No |
| 📱 Platforms | Deriv X |
| 🚀 Open Islamic Account | 👉 Click Here |
The Deriv X platform is a customizable multi-asset CFD trading platform that offers a range of features tailored to enhance your trading experience. It allows trading on various assets including forex, commodities, stocks, indices, cryptocurrencies, and synthetic indices.
One of the key benefits of Deriv X is its adaptability, allowing traders to tailor their trading environment through customizable widgets and multiple workspaces. This can include anything from adjusting themes to setting up one-click trading options and selecting preferred currencies for display purposes.
The platform supports trading across multiple markets simultaneously, which is facilitated by an intuitive user interface. You can trade 24/7, especially cryptocurrencies and synthetic indices, directly from both desktop and mobile devices.
Additionally, the platform offers advanced charting tools with over 90 indicators and multiple drawing tools, enhancing technical analysis capabilities.
Deriv X Account Pros And Cons
Pros👍
- Highly customisable interface
- Wide range of trading assets
- 24/7 trading
- Competitive spreads
Cons👎
- Interface can be complex for beginners
- Not available in some regions
In addition, Deriv offers a Demo account for each of these accounts for free to help beginners trade and test out the account features. You can get instructions on how to open a Deriv demo account here.
How To Open A Deriv Account
Opening a Deriv live account is a simple process that takes less than 5 minutes. Follow the instructions below.
Step 1: Visit the Deriv Website
Start by navigating to the Deriv Sign-Up page.
Step 2: Create a Free Account
Click on the “Open demo account” button on the page.
Step 3: Fill in Your Details
Enter your email address in the space provided, agree to the terms and conditions and click ‘Create account’. You will receive an email from Deriv. Open this email and click on the verification link to continue.
Step 4: Complete Your Profile
After verifying your email, log in to your new Deriv account and set your password. Complete your profile by providing additional personal details such as your full name, date of birth, and residential address. You will then be logged into your Deriv demo account with $ 10,000 in virtual funds that you can use to play around.
Step 5: Verify Your Account
To fully utilize all the features of your account, identity verification is required. Please upload the necessary documents, such as a photo ID along with a recent utility bill or bank statement that serves as proof of your address.
Step 6: Open A Specific Deriv Account Type
Click on the (1) ”Trader's Hub option” on the top left of your dashboard. Then click (2) ‘Real‘ > (3) ‘CFD's‘.
Next, select your preferred real Deriv account type from options such as Standard, Financial, Zero Spread, and Swap-free, and then click ‘Get’.
Agree to the terms and conditions and set the password for the Deriv.com real account. Fund the account and start trading. You can fund the Deriv live account by transferring funds from your main account via the ”Cashier” option.
Which Deriv Account is Best For You?
The best Deriv account for you depends on your individual trading needs and preferences. Consider the following factors.
- Trading experience
If you are experienced you can open the Derived or FInancial account and trade yourself. If you are a beginner you can choose the Deriv cTrader account and copy the trades of successful traders while you learn. - Religious beliefs
If you follow the Sharia law then the Deriv Swap-Free account will be the best one for you.
- Trading Style
If you are a high-frequency trader you may choose the Zero spread account which has lower trading costs. If you hold positions overnight the swap-free account may be better suited for you.
Conclusion on Deriv Account Types Review
Overall, Deriv offers a variety of account types to suit different trading preferences and skill levels. Whether you are a novice trader or an experienced professional, there is an account type that can cater to your needs.
Frequently Asked Questions On Deriv Account Types
Deriv offers three main account types: Financial, Derived and Swap-Free accounts. These accounts have different features and allow you to trade different assets.
Yes, it is possible to switch between different account types on Deriv.
Yes, you can have more than one account type on Deriv and you can switch between the different accounts.
Yes, Deriv offers demo accounts that allow you to practice trading in a risk-free environment. You can use the demo account to familiarize yourself with the platform and test your trading strategies before committing real funds.
Deriv operates under different regulatory licenses depending on the jurisdiction. The level of regulation may vary based on the account type and region you are trading from.
The best Deriv account for you depends on your circumstances including your trading experience, preferred trading assets and platforms, your religious beliefs and risk tolerance.
No, Deriv does not have a micro or cent account. Deriv offers four accounts namely Standard account, FInancial account, Zero-spread and Swap-free account.
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