Deriv review

Pricing is commission free, listed as commission free, and the stock trade fee is $0. There is no account fee in the pack, but an inactivity fee of $25 applies once an account sits idle, so costs only stay low while you keep trading.

The minimum deposit is $5, which is low enough to test the platform with a small sum. You can practise first on a demo account, part of the feature set at demo account, mobile app and crypto, before putting down money of your own.

No regulator or protection scheme is listed for this brand, so treat the safety of the money as unconfirmed before you deposit. The market spread across stocks, etfs and forex is broad, but the pack names no investor compensation scheme either.

The markets list of stocks, etfs and forex covers a wide spread of instruments, so shares, ETFs, forex, CFDs, crypto and bonds all sit in one account. Crypto is also called out separately in the features at demo account, mobile app and crypto, which is a plus if digital assets are your main interest.

You can trade on Deriv MT5 and Deriv Trader, with a mobile app listed in the features at demo account, mobile app and crypto. That covers both a desktop style terminal and a web trader, so you are not tied to one device when placing orders.

The audience at day traders and beginners points to day traders and beginners rather than long term investors. The low deposit, demo account and commission free pricing all favour active, shorter term trading over buy and hold portfolios.

Support is listed at help centre, so you are expected to work through the help centre. There is no phone or email channel in the pack, which matters if a position moves quickly and you need a person on the line.