Overview of the best-rated exchange in 2024

Trust Score

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This rating compliments Deriv.com as a trustworthy broker regulated in multiple jurisdictions. In the EU, Deriv is regulated by the Malta Financial Services Authority (FSA). For traders outside the EU, the broker is licensed by the Vanuatu Financial Services Commission (FSC) and the British Virgin Islands Financial Services Commission (FSA). Additionally, Deriv.com is regulated by the Labuan Financial Services Authority (FSA) of Malaysia.Deriv is a new and exciting digital options, FX and CFD broker launched in 2020 but with Original from 1999.

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Reviews  

Our in-depth online forex broker reviews include rankings, detailed analysis, spreads data, platform breakdowns, trading fees, account features, and broker ratings based on hundreds of data-based variables and thousands of data points.

We’ve conducted thousands of hours of research, collected many thousands of data points, crafted tens of thousands of words, and developed powerful algorithms to ensure that our forex broker reviews are some of the most comprehensive in the industry

Deriv.com Online Forex Broker Reviews:

Check out our in-depth forex guides to learn more about the forex trading industry and about the best forex brokers. Our guide to the Best Forex Brokers for 2024 is a great resource for traders who are looking for a forex broker, and our Beginner's Guide is a great starting point for newer, less experienced forex traders.

Introducing Deriv

The foreign exchange market is developing more and more strongly, so the number of forex exchanges is increasing. Among them, many exchanges cheat and appropriate players' assets. So how do we know which is a reputable forex floor?

Forex floor, also known as forex broker, Broker. This term is used to refer to intermediaries that connect buyers and sellers in the foreign exchange market with each other. Forex floors do not provide foreign exchange, they only provide a platform for investors to create accounts, conduct transactions and deposit/withdraw money.

Forex brokers make profits through spreads, commissions and overnight fees. Therefore, each floor will have different regulations on these fees.


On the market there are many trading platforms for Forex, stocks & indices, cryptocurrencies, commodities and derivatives... but I would like to introduce to you 1 trading platform that I have had great success with. That is the Deriv exchange, you can register here

Trading conditions

Deriv offers very tight spreads and minimal trading fees, flexible leverage up to 1:1000 and allows traders to place orders with a minimum of 35 cents. There is no maximum trade size and clients can earn up to 95%. Deriv offers a variety of trading sizes, from micro lots and up to 30 standard lots. Payouts can be up to over 200% and transaction times are flexible; Available from one second to 12 months. A dormancy fee will be charged if the trading account is left unused for up to 1 year.

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Types of trading accounts

Unlike other brokers on the market with many account types, Deriv offers 2 account types: Demo account and Real account.

Demo account

After confirming your email address, you will receive a demo account with a virtual balance of $10,000. This demo account allows you to trade on all markets offered by Deriv from SmartTrader or MT5.

Real account

To open a real account, you need to provide your personal information including name, address and phone number. The system will then ask you to choose the base currency for your account, which can be fiat currency or cryptocurrency.

Fiat currency options include USD, GBP, EUR, and AUD, while crypto options include BTC , ETH , LTC, and USDT . After withdrawing your cash, you can use the Smartrader, DMT5 or DBot platforms to trade. You'll need to pay special attention to choosing the base currency for your account, as you'll be charged conversion fees when converting from one currency to another.

How to deposit and withdraw money

recharge

. Deposit payment options include:
Bank Transfer: Minimum deposit is $5 and most deposits are processed instantly.
Credit/debit cards: Both Visa and Mastercard can be used with a minimum deposit of 10 USD/GBP/EUR/AUD. Credit and debit card deposits are processed instantly.
E-wallets: All the most popular e-wallets such as Skrill, Neteller, PaySafe, Fasapay and WebMoney are accepted for payment at Derv. These wallets all support instant deposits and require a minimum deposit of $5 to fund your account quickly.
Cryptocurrencies: You can deposit funds to your allowv.com account using Bitcoin, Ethereum, Litecoin, and Tether. There is no minimum deposit when using cryptocurrency, payments are processed in three blockchain confirmations

Withdraw money

You can withdraw funds from your Deriv.com account using all deposit payment options. Depending on the provider, bank withdrawals start from 5 of your base currency and are processed in 1-2 business days. Minimum debit/credit card withdrawals are 10 in your base currency and processed within one business day.

Deriv pros

When comparing Deriv with other brokers, you may be surprised to learn how many advantages it offers. Some of the key benefits you can experience with Deriv include:

Unlike its competitors, Deriv has a variety of trading instruments available across various groups such as indices, metals, stocks and pairs currency.

If you don't have capital, you don't have to worry much because you can start with even low deposits.

Once you earn money, you can easily withdraw it depending on your preferred mode.

If you don't understand Deriv, contact their customer support.

You can choose between three convenient trading platforms to get started with Deriv.

Deriv cons

It's only sometimes a bed of roses when trading in Deriv because it has some disadvantages. Here are some of the common disadvantages that you can experience in Deriv:

Unlike other counterparts, Deriv has very limited options for reaching out to support.

There are only limited countries whose users are allowed in Deriv. If you're from Malaysia, Israel, the USA or Canada, you cannot have an account and trade in Deriv.

Register here

Exchange Review: Final Thoughts

The trading platform offers a balanced blend of theoretical and practical learning, supported by a strong community and expert insights. Its services make it an ideal choice for traders of all levels. The comprehensive nature of the service makes it a worthwhile investment for serious traders. Try it today and see if the Exchange is right for you.
Deriv offers complex derivatives, such as options and contracts for difference (“CFDs”). These products may not be suitable for all clients, and trading them puts you at risk. Please make sure that you understand the following risks before trading Deriv products: a) you may lose some or all of the money you invest in the trade, b) if your trade involves currency conversion, exchange rates will affect your profit and loss. You should never trade with borrowed money or with money that you cannot afford to lose.