Deriv is a legit forex trading platform and is a fully regulated broker with very high operational standards, low trading fees and superior service. It is a great option for any trader with any level of experience.
Are Deriv Accounts Safe?
How to open a Deriv traders account and be sure it is absolutely safe for you? Deriv uses SSL website encryption to secure sensitive client data which is in line with the industry, so users can trust the broker to manage their personal and financial information with no fear.
Deriv broker regulated
The broker is licensed with the Vanuatu Financial Services Commission (FSC) and the British Virgin Islands Financial Services Commission (FSC). In addition, Deriv.com is regulated by Malaysia’s Labuan Financial Services Authority (FSA).
Verification & Withdrawals
You do not need to verify your Deriv account unless prompted. If your account requires verification, you will be contacted via email. You may withdraw up to USD 10,000 before authentication.
Limits
The Deriv Minimum Deposit is $5 equivalent in your currency, making it accessible to beginner and smaller retail traders. While the minimum withdrawal amount depends on the payment method you use and start from $5 and the maximum withdrawal amount of USD 10,000 for accumulative withdrawals.
Authentication
You can use an authentication program of your preference, as for example Google authenticator that enables a PIN and biometric authentication like TouchID to protect data against unauthorized use. Plus, Authy encrypts all backups, so your data is protected against breaches. If a user loses their device, the cloud-based backups allow them to easily access their passwords again on another device
Two-Factor-Authentication
To have even more security you should use a two-factor authentication to login to your traders account which is an extra layer of security designed to ensure that you’re the only person who can access your account.
Avoiding Scams
Trading scams are more common than people think. 2 most common types of trading scams to avoid are:
- The signal seller scam. Remember that fake signal sellers usually disappear with the money, or they might offer false signals that only profits the broker.
- The pump & dump scam. When false news is spread to boost the value of certain assets.
Is Deriv regulated in South Africa?
Deriv is an online broker offering trading in derivative indices, CFDs,Options, Multipliers Forex and other instruments. Deriv is regulated in several jurisdictions and owned by Deriv Limited. The company offers its services to traders in South Africa through its local license, depending on the type of the financial instruments traders want to trade. For South African markets they provide 7 trading platforms – from proprietary web traders, to MT5 and auto trading solutions such as Dbot and BinaryBot. Deriv is fully licensed and regulated by the Malta Financial Services Authority (MFSA), Vanuatu Financial Services Commission, British Virgin Islands Financial Services Commission, and Labuan Financial Services Authority. For complete regulatory information, visit deriv.com/regulatory.