Deriv Review
Deriv is an online broker operating since 1999, licensed by the Labuan FSA, the BVI FSC, the Vanuatu FSC, the Cayman Islands Monetary Authority and the FSC Mauritius. deriv.com/regulatory lists no EU or MFSA licence (checked 17 September 2026). Spreads start at 0.5 pips with no commissions and a 5 USD minimum deposit. Its synthetic indices are price series Deriv itself generates with a random number generator, so there is no underlying market and Deriv is the counterparty to your trade. Leverage limits vary by entity and jurisdiction.
Regulated: LFSA · BVI FSC · VFSC
No Commissions or Fees
$5 Minimum Deposit
Unique Synthetic Indices
Deriv at a Glance — Broker Profile & Stats
Who is Deriv?
Regulation & Safety
What Traders Say on Trustpilot
Markets & Instruments
Account Types & Platforms
Standard & Financial
Zero Spread & Swap-Free
Synthetic Indices
Copy Trading
Top Deriv Alternatives
IC Markets
XM
Exness
Eightcap
Other long-running brokers we have reviewed include Admirals (founded 2003), IFC Markets (2006) and Forex4you (2007).
Trading Platforms
Deriv Trader & Deriv X
Deriv Bot
MetaTrader 5
Deriv cTrader & Go
Fees, Spreads & Leverage
Spreads & Costs
Leverage
Funding
Restricted Countries
Jurisdictions Deriv Does Not Serve
Synthetic Indices & Tutorial
Learn Before You Trade with Deriv
Pros and Cons of Deriv
Deriv Pricing & Account Plans
Deriv keeps costs simple: floating spreads, no commissions, and no deposit or withdrawal fees.
| Account | Spread | Commission | Min deposit | |
|---|---|---|---|---|
| Standard | from 0.5 | None | $5 | Open Account |
| Financial | from 0.5 | None | $5 | Open Account |
| Zero Spread | 0.0 + markup | None | $5 | Open Account |
With no commissions, no funding fees and a $5 minimum, Deriv is one of the most accessible places to start — especially for synthetic indices.
Deriv vs IC Markets vs XM
How does Deriv compare with two popular regulated forex brokers?
| Feature | Deriv | IC Markets | XM |
|---|---|---|---|
| EURUSD spread | from 0.5 | from 0.0 | from 0.6 |
| Commission | None | $7 round turn | None |
| Min deposit | $5 | $200 | $5 |
| Synthetic indices | Yes (unique) | No | No |
| Platforms | Deriv·MT5·cTrader | MT4·MT5·cTrader | MT4·MT5 |
| Trustpilot | 4.4/5 | 4.8/5 | 4.2/5 |
Verdict: Deriv is in a class of its own for synthetic indices and beginner-friendly automation, with a superb review record. For the tightest forex pricing, an ECN broker like IC Markets is sharper — but no one matches Deriv’s synthetics.
Compare further: Exness vs Deriv · Best XM alternatives.
Why Choose Deriv as Your Broker?
Deriv is one of the longest-running online trading brands, dating back to 1999 (with Binary.com/Regent Markets heritage) and run today through a Guernsey-registered holding company. It’s regulated only offshore — by the Labuan FSA, the BVI FSC, the Vanuatu FSC, CIMA and the FSC Mauritius, with no EU or MFSA licence (deriv.com/regulatory, checked 17 September 2026) — and is best known for its proprietary, 24/7 synthetic indices that you can’t trade anywhere else.
What stands out: a 25-year track record, a stellar 4.4/5 Trustpilot score across 50,000+ reviews, no commissions and no funding fees, a very low $5 minimum, unique synthetic indices, and beginner-friendly tools like Deriv Bot (no-code automation) alongside MT5 and cTrader.
What to weigh: Deriv has no true raw/ECN forex account, so its forex spreads (from ~0.5 pips) aren’t the tightest, high leverage sits on offshore entities, and some products are restricted in the EU.
Bottom line: Deriv is an excellent, well-reviewed broker — unbeatable for synthetic indices and beginner automation. If your focus is the tightest forex pricing, pair it with (or compare it to) an ECN broker like IC Markets.
Frequently Asked Questions
Key questions about Deriv — regulation, synthetic indices, fees, platforms and leverage.