Deriv | Brokerscout.ai

There are no bonuses from the broker

Unfortunately, there are no bonuses from this broker

Basic information

A broker with 24 years of experience in the finance industry provides clients with long-term stability. TrustPilot's high 4.6 rating indicates a positive user perception. The company is backed by regulation from important bodies including MFSA, LFSA, BVI, VFSC, and SVG, which shows its commitment to maintaining high standards of security and compliance across multiple jurisdictions.

Years in business 24
Trustpilot rate 4.6
Regulation MFSA, LFSA, BVI , VFSC , SVGFSA

Support and education

Information that will help the trader to interact with the broker, as well as to engage in self-education.

The provided forex broker operates in 24/7 mode, offering support in 13 languages. The service includes introductory videos, materials on working with the platform and a rich glossary. Five trader calculators provide accurate calculations, while advanced courses and certificate opportunities support ongoing education. Webinars provide up-to-date information, although there are no offline sessions. These features form an attractive proposition for traders, providing ongoing support, training and a wide range of tools for successful trading.

Support schedule 24/7
Support languages 8
Onboarding videos Yes
Platform videos Yes
Deposit & withdrawal videos Yes
Glossary & articles Yes, extended
Trading calculators 2
Courses & Certificates No
Webinars Yes
Offline sessions Yes

Promotions

Information about broker's bonus programs.

The broker stands out by strategy, focusing on providing trading conditions without bonuses, cashback and tournaments. The absence of welcome and subsequent deposit bonuses, as well as the "Bring a Friend" promotion, may indicate the company's choice to focus on competition through more attractive spreads or commissions. This approach may also signal the broker's desire to provide high quality service, regardless of additional incentives, and to use alternative methods to attract clients.

No deposit bonuses No
Welcome bonus No
Retention bonuses No
Cashback No
Tournaments / Contests No
Refer-and-Earn No

Platforms

Information about the main trading platforms of the broker.

The broker does not support the MetaTrader 4 (MT4) platform, but provides access to MetaTrader 5 (MT5). The broker has its own trading platform and copy trading is only possible within MT5. Signal providers are also available, but the functionality is limited to using MT5. This information may be important when choosing a trading platform and using copy trading.

Metatrader 4 No
Metatrader 5 Desktop, mobile
Own platform Desktop, mobile
Copytrading MT5
Signal providers MT5

Trading

Information about the broker's trading and traded assets.

The broker does not support the MetaTrader 4 (MT4) platform, but provides access to MetaTrader 5 (MT5). The broker has its own trading platform and copy trading is only possible within MT5. Signal providers are also available, but the functionality is limited to using MT5. This information may be important when choosing a trading platform and using copy trading.

Islamic accounts Yes
Max leverage 1:1000
Min leverage 1:5
Assets: total count 193
Assets: currencies Major, minor, local exotic
Assets: cryptocurrencies 31
Assets: stocks 61
Assets: commodities 5
Assets: commodities rollover Yes
Assets: Indices Major
Assets: synthetics 26

Deposit and withdrawal

Information about the interaction between the trading account and the broker.

The broker offers trading accounts where major currencies of the forex market (FX Majors) are available. Clients are given an advantage as the broker does not charge withdrawal and deposit fees. The minimum deposit is only $5, which makes trading accessible to a wide range of traders. In addition, the minimum withdrawal amount is $10, which provides flexibility and convenience in managing finances on the platform.

Account currencies Major
Withdrawal commission No
Deposit comission No
Minimum deposit 5$
Minimum withdrawal 10$

Screenshots

Home page of the site (desktop)
Home page of the site (desktop)
Home page of the site (mobile)
Home page of the site (mobile)
Personal cabinet (desktop)
Personal cabinet (desktop)
Personal cabinet (mobile)
Personal cabinet (mobile)
Home page
Home page
Assets
Assets
EURUSD exchange rate
EURUSD exchange rate
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Many of retail CFD accounts lose money. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Risk Warning

Before embarking on Forex trading, it is essential to thoroughly evaluate your investment objectives, level of experience, and risk tolerance. Never allocate funds that you cannot afford to lose.

Off-exchange foreign exchange transactions carry significant risks, encompassing leverage, credit risk, limited regulatory protections, and market volatility. These factors can significantly influence currency prices and liquidity.

Furthermore, the leverage inherent in forex trading means that market fluctuations can result in substantial gains or losses relative to your initial investment. If market conditions go against you, you may risk losing your entire initial margin and be required to inject additional funds to maintain your position. Failure to meet margin requirements may lead to position liquidation and subsequent losses for which you bear responsibility

Before embarking on Forex trading, it is essential to thoroughly evaluate your investment objectives, level of experience, and risk tolerance. Never allocate funds that you cannot afford to lose.

Off-exchange foreign exchange transactions carry significant risks, encompassing leverage, credit risk, limited regulatory protections, and market volatility. These factors can significantly influence currency prices and liquidity.

Furthermore, the leverage inherent in forex trading means that market fluctuations can result in substantial gains or losses relative to your initial investment. If market conditions go against you, you may risk losing your entire initial margin and be required to inject additional funds to maintain your position. Failure to meet margin requirements may lead to position liquidation and subsequent losses for which you bear responsibility