Deriv broker Accounts

deriv Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: deriv Account Types Overview

deriv Account Types Explained

Deriv offers a variety of trading accounts tailored to meet the needs of different traders. Below is a detailed overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $5
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; no commission fees.
• Leverage Options: Up to 1:1000.
• Key Features: Access to a wide range of assets including forex, commodities, and cryptocurrencies.
• Target User Profile: Suitable for beginners and intermediate traders.
• Trading Instruments Available: Forex, commodities, cryptocurrencies, and synthetic indices.

1. Financial Account

• Minimum Deposit Requirement: $5
• Spread/Commission Structure: Tight spreads with no commission.
• Leverage Options: Up to 1:1000.
• Key Features: Designed for frequent traders with quick execution.
• Target User Profile: Intermediate to advanced traders.
• Trading Instruments Available: Forex, commodities, and stock indices.

1. Swap-Free Account

• Minimum Deposit Requirement: $5
• Spread/Commission Structure: Similar to standard accounts but without overnight swap fees.
• Leverage Options: Up to 1:1000.
• Key Features: Compliant with Islamic finance principles.
• Target User Profile: Traders seeking swap-free options.
• Trading Instruments Available: Forex, commodities, and synthetic indices.

1. Demo Account

• Minimum Deposit Requirement: Virtual funds of $10,000.
• Spread/Commission Structure: Similar to the standard account.
• Leverage Options: Up to 1:1000.
• Key Features: Risk-free trading environment for practice.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: All instruments available in live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account, Demo Account
• Intermediate: Financial Account
• Advanced: Swap-Free Account

Part 2: deriv Account Features Comparison

Detailed deriv Account Features

When choosing a deriv account, it's essential to compare the features across different account types:

• Minimum Deposit:

• Standard, Financial, Swap-Free: $5

• Demo: $0 (virtual funds)

• Maximum Leverage:

• All accounts: Up to 1:1000

• Spreads (Typical/Minimum):

• Standard: From 0.5 pips

• Financial: Tight spreads

• Swap-Free: Similar to standard

• Commission Fees:

• All accounts: No commission fees

• Lot Size:

• Standard: Micro, Mini, Standard

• Financial: Micro, Mini, Standard

• Swap-Free: Micro, Mini, Standard

• Available Trading Platforms:

• MT5, Deriv Trader, and Deriv X

• Execution Type:

• Market execution for all accounts

• Islamic Account Availability:

• Available for Swap-Free accounts

• Swap-Free Options:

• Offered in Swap-Free accounts

• Demo Account Features:

• Virtual balance of $10,000, access to all instruments

Advantages of Each Account Type

• Standard Account:

• Wide range of assets

• Low minimum deposit

• Suitable for beginners

• Financial Account:

• Quick execution

• Tight spreads

• Ideal for active traders

• Swap-Free Account:

• Compliant with Islamic finance

• No overnight fees

• Suitable for traders avoiding swaps

• Demo Account:

• Risk-free trading

• Practice with virtual funds

• Ideal for strategy testing

Disadvantages of Each Account Type

• Standard Account:

• Variable spreads may increase during volatility

• Limited advanced features

• Financial Account:

• May not suit long-term traders

• Requires more experience

• Swap-Free Account:

• Limited to specific trading strategies

• May have fewer available instruments

• Demo Account:

• No real money trading

• Limited to virtual funds

Part 3: deriv Account Opening Requirements

deriv Account Registration Requirements

To open a deriv account, you must meet specific eligibility criteria:

• Age Requirements:

• Must be at least 18 years old.

• Geographic Restrictions:

• Availability may vary by country; check the official site for specific restrictions.

• Prohibited Countries:

• Countries under international sanctions or restrictions may not be allowed.

• Identity Verification Documents Needed:

• Government-issued ID (passport, national ID)

• Proof of residence (utility bill, bank statement)

• Proof of Residence Requirements:

• Must be a recent document showing your name and address.

• Additional Documentation for Professional Accounts:

• May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• All accounts must comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.
• Verification may include identity checks and source of funds.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of submitted documents.

Part 4: deriv Account Opening Process

Step-by-Step deriv Account Opening Guide

To register for a Deriv account, follow these steps:

1. Visit the Website and Click Registration:

• Go to the official Deriv website and click on “Open Account.”

1. Personal Information Entry:

• Fill in your email address, name, and other required personal details.

1. Choose Account Type:

• Select the account type that suits your trading needs.

1. Set Trading Preferences:

• Specify your trading preferences, including leverage and currency.

1. Document Upload:

• Upload the necessary identity verification documents.

1. Account Verification:

• Wait for the verification process to complete.

1. Fund Your Account:

• Deposit funds into your account using your preferred payment method.

1. Start Trading:

• Once funded, you can start trading on the platform.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but the mobile interface may have simplified steps.

Common Registration Issues and Solutions

• Email Verification Issues: Ensure you enter a valid email address.
• Document Rejections: Check that documents are clear and meet requirements.

Average Account Approval Time

• Account approval typically takes 1-3 business days.

How to Upgrade/Downgrade Account Types

• You can request changes to your account type through the account settings or customer support.

Part 5: deriv Demo Account Information

deriv Demo Account Guide

The demo account is an essential feature for new traders:

• Demo Account Features and Benefits:

• Access to virtual funds of $10,000.

• Ability to practice trading strategies without risk.

• How to Open a Demo Account:

• Follow the same registration steps as for a live account but select the demo option.

• Demo Account Limitations:

• Limited to virtual funds; no real money trading.

• Virtual Balance Amount:

• Typically $10,000 in virtual funds.

• Demo vs Live Account Differences:

• Demo accounts do not involve real money; live accounts require real funds.

• Duration/Expiry of Demo Accounts:

• Demo accounts do not expire but may have limitations on usage.

Part 6: deriv Islamic Account Details

deriv Islamic Account Details

Deriv offers a swap-free account option:

• Swap-Free/Islamic Account Availability:

• Available for traders who require compliance with Islamic finance principles.

• Eligibility Requirements:

• Must provide documentation to verify the need for a swap-free account.

• Differences from Standard Accounts:

• No overnight swap fees; otherwise similar features.

• How to Apply for Islamic Account:

• Select the swap-free option during account registration or request it through customer support.

• Restrictions or Special Conditions:

• Must adhere to Islamic trading principles; check with support for specific conditions.

FAQs – deriv Account Types & Opening

1. What account types does deriv offer？

• Deriv offers Standard, Financial, Swap-Free, and Demo accounts.

1. What is the minimum deposit for each account type？

• All accounts (Standard, Financial, Swap-Free) require a minimum deposit of $5, while the Demo account has no deposit requirement.

1. How long does deriv account verification take？

• Account verification typically takes 1-3 business days.

1. Does deriv offer demo accounts？

• Yes, Deriv offers demo accounts with virtual funds for practice.

1. Can I have multiple account types with deriv？

• Yes, traders can hold multiple account types.

1. Does deriv offer Islamic/swap-free accounts？

• Yes, Deriv provides swap-free accounts compliant with Islamic finance principles.

1. What documents do I need to open a deriv account？

• You need a government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.