In 2020, the well-established online broker Binary.com went through a re-branding process and is now using the brand Deriv instead of Binary.com. Even though the name is fairly new, the broker itself has been around for roughly two decades, has 2.5 million trading clients globally and is well-known among Australian traders.

With a Deriv account, a trader can access multiple trading platforms, including MetaTrader (MT5), DTrader, Deriv X and SmartTrader. Deriv chiefly offers Contracts for Difference (CFDs) and Binary Options. The exact offering can vary depending on a trader´s location. A wide range of underlying assets and products are available for speculation, including forex, cryptocurrency, stocks, commodities, and stock indices.

It is, for instance, possible to speculate on Australia 200, a stock index that tracks the performance of the 200 largest listed companies in Australia.

Another interesting offer from Deriv is the AUD Basket, where you can speculate on the strenght of the Australian dollar against a basket of five global currencies (USD, EUR, GBP, JPY, CAD), each weighted by 20%.

The smallest deposit at Deriv is just $5 and the smallest trade is $1. Deposits and withdrawals can be carried out using a wide range of methods, and it is even possible to make deposits and withdrawals in Bitcoin.

To promote responsible trading, Deriv has implemented tools which you can use to set limits for your trading activities. That way, you can keep yourself from being carried away in stressful moments. It is, for instance, possible to set limits for the amount of money that can be traded or a limit on possible losses within a specific time frame. You can also block yourself from certain financial products that are not a part of your trading strategy.

Non-professional clients are not offered leveraged binary options trading. Instead, they can use a feature known as Multipliers, which shares certain traits with leverage but comes with a capped downside to help manage risk for non-professional clients.

In order to improve security, you can elect to turn on two-factor authentication (2FA) for your Deriv account to make it more difficult to log-in.

The customer support is open 24/7, but there is no phone support, and during certain hours, an automatic customer service robot will help instead of a human.

Is Deriv licensed by the Australian Securities & Investments Commission (ASIC)?

No, Deriv is not licensed by the Australian Securities & Investments Commission (ASIC).

ASIC can not license the issuing and distribution of binary options to retail clients.

In September 2022, ASIC announced that their product intervention order banning the issue and distribution of binary options to retail clients has been extended until 1 October 2031, following approval by the Honourable Stephen Jones MP, Assistant Treasurer and Minister for Financial Services. The original order came into effect in May 2021.

For more information, see Report 736.

About Deriv

Deriv.com operates through several subsidiaries based in different countries around the world. The holding company for the subsidiaries is Deriv Holdings (Guernsey) Limited. Company address: 2nd Floor, 1 Cornet Street, St Peter Port, Guernsey, GY1 1BZ. Company registration number: 71479.

Subsidiaries

• Deriv Investments (Europe) Limited is licensed by Malta, which is a European Union membership country. Company address: W Business Centre, Level 3, Triq Dun Karm, Birkirkara BKR 9033, Malta. License number: IS/70156. The licence giver is the Malta Financial Services Authority (MFSA), the single regulator of financial services in Malta.
• Deriv (FX) Ltd is licensed by the Labuan Financial Services Authority (licence). Company address: F16, Level 1, Paragon Labuan, Jalan Tun Mustapha, Labuan 87000, Malaysia.
• Deriv (BVI) Ltd is licensed by the British Virgin Islands Financial Services Commission (licence). Company address: Kingston Chambers, P.O. Box 173, Road Town, Tortola British Virgin Islands.
• The Vanuatu Financial Services Commission licenses Deriv (V) Ltd. Company address: 1276, Kumul Highway, Port Vila, Vanuatu.
• Deriv (SVG) LLC has a registered office in St. Vincent and the Grenadines. Company address: First Floor, SVG Teachers Credit Union Uptown Building, Corner of James and Middle Street, Kingstown P. O., St. Vincent and the Grenadines. Company registration number: No. 273 LLC 2020.

You get access to several trading platforms

With a Deriv account, you get access to several trading platforms, including MetaTrader (MT5), DTrader, Deriv X and SmartTrader.

MetaTrader 5 (MT5)

The MT5 is a large and well-known third-party platform utilized by many brokers worldwide, so more experienced traders are often already familiar with it when signing up with Deriv. Among other things, the MT5 is known for having a very strong support for technical analysis.

DTrader

DTrader is especially popular among binary options traders. It comes with several different types of binary options in addition to the classic High/Low. You can for instance utilize Touch/No Touch binary options on this platform. Lifespans vary from 15 seconds to 365 days.

The platform includes support for technical analysis, but is not as extensive as the MT5.

Mobile apps

• The MetaTrader 5 (MT5) mobile app
• The Deriv GO mobile app

Automated trading

Automated trading is available using Dbot (for a wide range of derivatives) and Binary Bot (only for binary options).

The MT5 platform supports the use of trading signals.

Pre-programmed strategies are available for automated trading, but you can also elect to build your own tailor-made strategies and employ them. Tools for strategy building are available for free from Deriv.

Account types

There is only one account type available for real-money trading at Deriv. No tiered system (Bronze Account, Silver Account, Gold Account) nor any speciality accounts are available. You will get access to everything even with a minimum $5 deposit.

Speciality Account Types

• Islamic / Halala / Sharia / Muslim Account: No
• Indian Demat Account: No
• STP Account: No
• ECN Account: No
• DMA Account: No
• MAM Account: No
• PAMM Account: No
• LAMM Account: No

Binary options at Deriv

At Deriv, you can use binary options to speculate on various asset types, including forex pairs, commodities, stock indices, and basket indices. You can for instance gain exposure to currency pairs such as EUR/USD and AUD/NZD, speculate on the FTSE100 index or buy options for the price of gold, silver and crude oil.

Basket indices

The basket indices at Deriv were designed to make it easy for traders to speculate on the price of an underlying asset, such as a commodity, in relation to a collection of major currencies instead of just one currency. It is for instance possible to speculate on the price of gold against a basked of USD/EUR/JPY/GBP/AUD.

Minimum trade size for binary options

The minimum contract amount is just $1.

Is leverage available for binary options?

Instead of offering leveraged binary options deals to non-professional traders, Deriv is offering a similar solution – but one that comes with a capped downside for the trader. The feature is called Multipliers and can amplify profits when the market moves in your favour.

Before you decide to use Multipliers, make sure you understand how it works, because it is by no means a risk-free solution. Using Multipliers involves an automatic stop-out, so you might need to adjust your trading strategy accordingly.

Contracts for Difference (CFDs) at Deriv

At Deriv, Contracts for Difference (CFDs) can be used to speculate on forex, cryptocurrency and more.

Spreads start at 0.5 pips for some of the major forex pairs.

Commission free trading is available.

Positions kept open over night will incur over-night fees (swap rates).

Spreads

CFD FTSE Spread: From 0.5

CFD GBP/USD Spread: From 0.5

CFD Oil Spread: From 0.5

CFD Stocks Spread: Variable

Minimum trade size

The minimum contract size is $1.

Is leverage available?

Yes, leverage is available for CFD trading.

In some jurisdictions, it is capped fairly low for non-professional traders.

When there is no cap, the largest available leverage is 1:1000.

Crypto pairs available for CFD trading

• ALG/USD
• ADA/USD
• AVA/USD
• BAT/USD
• BCH/USD
• BNB/USD
• BTC/USD
• BTC/ETH
• BTC/LTC
• DOG/USD
• DOT/USD
• DSH/USD
• EOS/USD
• ETC/USD
• ETH/USD
• FIL/USD
• IOT/USD
• LNK/USD
• LTC/USD
• MKR/USD
• MTC/USD
• NEO/USD
• OMG/USD
• SOL/USD
• TRX/USD
• UNI/USD
• XMR/USD
• XLM/USD
• XRP/USD
• XTZ/USD
• ZEC/USD

Derived synthetics

Deriv offers CFDs and binary options based on derived synthetics.

The derived synthetics are indices (indexes) created to simulate real-market movements. It is not actual market speculation.

Deposits & withdrawals

Examples of accepted transaction methods at Deriv

Certain credit/debit cards, including VISA, MasterCard, Diners Club, Maestro and JCB Card. The currencies USD, AUD, EUR, and BGP are accepted for deposits and withdrawals. Minimum deposit/withdrawal is $10, maximum deposit/withdrawal is $10,000.

Bank transfers, but only for USD. Minimum deposit/withdrawal is $5, maximum deposit/withdrawal is $50,000.

• Wire transfer
• Bitcoin transfer. For Bitcoin deposits, there is no lower size limit.
• 1ForYou
• ADVcash
• Airtm
• AstroPay
• Banxa
• Boleto
• FasaPay
• Neteller
• Paysafecard
• Paytrust
• Perfect Money
• Skrill
• Sticpay
• Trustly
• WebMoney

Fees

Deriv do not charge deposit fees or withdrawal fees.

Can I have AUD as my account currency?

Yes, the Australian dollar is one of the accepted account currencies. The other three are USD, EUR and GBP.

Customer support

Customer support is available through live chat and Whatsapp.

When is the support open?

The support is open 24/7, but during certain hours, you will only get in touch with the customer service robot.

Is there an Australian phone number available for phone support?

No, because there is no phone support at all.

Questions and answers about Deriv

Does this broker offer VPS hosting?

No, Deriv does not offer VPS (Virtual Private Server) hosting.

Is Deriv a Market Maker?

No, Deriv is not a Market Maker.

Which currency baskets are available for speculation?

The AUD basket, the EUR basket, the GBP basket, and the USD basket.

• The AUD basket measures the value of the Australian dollar against a basket of five global currencies (USD, EUR, GBP, JPY, CAD), each weighted by 20%.
• The EUR basket measures the value of the Euro against a basket of five global currencies (USD, AUD, GBP, JPY, CAD), each weighted by 20%.
• The GBP basket measures the value of the British pound against a basket of five global currencies (USD, EUR, AUD, JPY, CAD), each weighted by 20%.
• The USD basket measures the value of the United States dollar against a basket of five global currencies (EUR, GBP, JPY, CAD, AUD), each weighted by 20%.

Explore Deriv risk-free with a play-money Demo Account

You can explore what Deriv has to offer by opening a free Demo Account. It will come filled with play-money so you can do play-money trades, learn how it works and see if you like the interface.

You do not need to make any deposit to open a free play-money Demo Account.

You only need to give Deriv your email address to open a Demo Account.

With your Demo Account, you can explore all the platforms.’

There is no upper limit for how much play-money you can use, and you can keep using your Demo Account for as long as you want as there is no time limit either.