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Trading Conditions
| Min Trade | USD 1 |
| Min Deposit | USD 5 |
| Base Currencies | USD |
All Reviews
3 stars because they are a very versatile broker. ...
3 stars because they are a very versatile broker. They have a bit of everything.
Many users find it convenient to deposit with the ...
Many users find it convenient to deposit with the same method on Deriv, but being required to use the same method for withdrawals can be limiting and cause delays. Allowing users to choose different withdrawal options like bank transfers, e-wallets, or cryptocurrencies would improve flexibility, user experience, and trust in the platform.
I like the peer 2 peer deposit method, it simply a...
I like the peer 2 peer deposit method, it simply ahead of its time. I also like the low low minimum deposit/withdrawal. Another thing I like is the different account types you can opn for any strategy.
Deriv is not as good as people say they are. I ope...
Deriv is not as good as people say they are. I opened an account with them but their trading consitions are just average. I only recommend them for beginners who want to learn trading.
Before you chat with a deriv live agent they will ...
Before you chat with a deriv live agent they will send a verification code to your email which you must input to start the chat. This is a waste of time because even after entering the code they could tell you there is no live agent available
Currently USDT transactions are limited to ERC & T...
Currently USDT transactions are limited to ERC & TRC20 which is not good enough, it should be expanded.Another thing I noticed is that they increase their spread unnecessarily causing stop loss to be hit in a trade
I came to deriv to try their TradingView but I was...
I came to deriv to try their TradingView but I was disappointed because they are not eally TradingView brokers, they only built something that looks like TradingView and it does not work well, it sometimes doesnt allow you save your chart settings. I have left them for Trade Nation that offers a better TradingView experience.
They have a very slow mobile app, before the chart...
They have a very slow mobile app, before the charts load it takes ages. When you save a setting, it doesn't save and returns you to default after a while.
They ask for Tax Identification Number from everyo...
They ask for Tax Identification Number from everyone, and I dont have it so i had to abandon trading with them. Makes no sense because other brokers dont ask for TIN
They dont allow you to open more than one trading ...
They dont allow you to open more than one trading account which is very bad in my opinion. It means every money you deposit will always constitute part of your free margin and can be wiped away is you forget to use stop loss
they are not accepting deposits from mastercard in...
they are not accepting deposits from mastercard in Nigeria, such things make me nervous
Love their 24/7 customer support which is open eve...
Love their 24/7 customer support which is open even on saturdays and sundays. Even if i am trading crypto during weekends i have someone to talk to when i need help. Deriv should improve on their accoun topening process to make it seamless and faster
When registering i submitted by National Identity ...
When registering i submitted by National Identity Card number and it got approved immediately but when i uploaded my proof of address they said it will take 3 days to verify !!! this is too long didnt expect such analogue services from deriv
At Deriv, my stop loss keeps getting hit without p...
At Deriv, my stop loss keeps getting hit without price getting to it. I also trade with FxPro and this rarely happens
I enjoy the weekend trading of Volatility Index an...
I enjoy the weekend trading of Volatility Index and the fact that you can choose how volatile you want the market to be. However, I noticed customer support is not as good during weekends and deriv could fix this.
Too many account types on offer and it can get con...
Too many account types on offer and it can get confusing with this broker. They need to reorganize their account types and I also had issues depositing with my Visa Card. The broker is trying but they should not try to do too much. They should focus on one thing and do it properly instead of trying to do everything at once and having issues.
I trade synthetics with Deriv and except for a few...
I trade synthetics with Deriv and except for a few delays in receiving my deposit in my trading account, I have not had any major issues.
I have not had any issues with deriv since I start...
I have not had any issues with deriv since I started using them but here is what I think: as a broker with weak regulation, they offer too many advanced instruments and I fear it could backfire one day. So for me, I make sure i don't put in too much money and I make my withdrawals everyday
Deriv is a tier 2 regulated CFD & Options trading broker that accepts Nigerian trades offering them $5 minimum deposit, 1:1000 leverage & TradingView charting implemantation