What Account Types and Fees Does Deriv Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, user-friendly interface |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage, advanced trading tools |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients and institutions |
Customized services, multi-user access |
Requires corporate documentation |
| Islamic Account |
Traders seeking swap-free options |
Complies with Islamic finance principles |
Available for eligible traders |
| Demo Account |
All trader levels |
Practice trading without risk, virtual funds |
No minimum deposit required |
Account Opening Process
To open an account with Deriv, follow these steps:
1. Submit personal information including your name, email, and phone number.
2. Provide employment information such as your job status and income source.
3. Enter financial information to assess your trading experience and risk appetite.
4. Complete identity verification by uploading a valid ID and a proof of address document.
5. Once your account is verified, you can start trading immediately.
6. You have the flexibility to upgrade to a professional account later if you meet the necessary criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| CFDs (Stocks) |
0.6 |
$0 |
Spreads vary by stock |
| CFDs (Commodities) |
0.6 |
$0 |
Includes metals and energies |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market volatility |
Other Fees
Deriv may charge the following additional fees:
– Deposit/withdrawal fees: Typically, there are no fees on deposits, but withdrawal fees could apply depending on the method used.
– Inactivity fees: Accounts inactive for an extended period may incur a fee.
– Platform usage fees: No direct fees for using the trading platforms.
– Overnight interest (swap rates): Applicable on positions held overnight if not in an Islamic account.
– Currency conversion fees: May apply if trading in currencies other than your account currency.
