The brokerage is licensed in and outside the EU to offer financial products to clients for trading. Deriv.com is regulated under MFSA Malta, licence no. IS/70156, Labuan FSA, Vanuatu FSC, and the British Virgin Islands FSC.
Deriv has yet to be registered with major regulatory agencies like Financial Conduct Authority (FCA) in the UK, Australian Securities and Investments Commission (ASIC), or the Cyprus Securities and Exchange Commission (CySEC). Hence, the services of Deriv.com are not yet available in France, Hong Kong, Israel, Jersey, Malaysia, Malta, USA, UAE, Paraguay, Canada, or countries identified as restricted by Financial Action Task Force.
There is a wide range of payment methods available on the Deriv.com. If you want to use the bank wire option to transfer the money in and out from your Deriv account, you can use Bank Transfer, Paytrust, Help2Pay, Dragon Phoenix, or Zingpay.
Deriv minimum deposit is just $5. The minimum and maximum limit for deposit and withdrawal vary depending on the option you use for bank wire transfer. Other than Bank Transfer, all wire methods do not require any time for deposit processing, and funds are usually transferred instantaneously.
The time required for Bank Transfer deposit needs 1 working day, however, it may take more than 1 day depending upon various factors. USD, GBP, EUR, and AUD are the currencies accepted for the bank wire transfer while Help2Pay and Paytrust user can only transfer funds in USD.
You can also use Visa, Mastercard, and Maestro to transfer funds into your account. Minimum and maximum limits are set at 10 and 10,000 respectively. Deposits are transferred form credit and debit cards instantaneously while withdrawals are processed in 1 working day. The Maestro and Mastercard facility is only available for UK clients. If you are transferring funds in your Deriv account using a credit card, please ask your bank to authorize the transactions with the brokerage otherwise your deposit may get declined.
E-Wallet holders can transfer their money into their brokerage account by suing their e-wallets. FasaPay and Skrill are the most famous and widely used E-Wallet methods to transfer the money. There are various other e-wallets allowed on Deriv. The minimum and maximum limits for both deposits and withdrawals are set at 5 and 10000. Clearance time for deposits and withdrawals are the same as for credit cards.
As the cryptocurrencies hit the financial market with greater force, the online trading platforms had no other choice than to accept the crypto assets as the payment method. Deriv being the technological front runner did nothing different and allow the cryptocurrencies as the payment method for depositing and withdrawal from Deriv account. Traders can use Bitcoin, Ethereum, Litecoin, and Tether cryptocurrencies for transferring money in and out of their Deriv account.
There is no limit on the minimum deposit from any of the mentioned cryptocurrencies. 3 blockchain confirmations are required before your crypto funds are transferred into your Deriv account.
The minimum amount for withdrawal from Deriv account onto your crypto wallet depends on the latest exchange rates of the crypto/USD.
The time required for withdrawal of funds is 1 day plus three blockchain confirmations.
The withdrawal of funds from your Deriv account needs verifications through email. The verification link is sent to your registered email ID and you need to confirm the withdrawal request by clicking the verification link within one hour.
The platform charges dormant fee on the idle account that has not placed a buy or sell transaction over a continuous period of twelve months. If you plan to stay away from your account and trading for a long time, there is self-exclusion option that you can use.
Is Deriv.com a scam or legit
Online trading is an exciting way of earning both active and passive income. However, it involves great risk and may lead to addiction. Another threat is a possibility of scam. So is Deriv.com a scam or legit?
Deriv is legit trading platform and it is not a scam. Deriv offers virtual funds in the demo account to practice stress endurance and trading skills.
If you don’t want to risk your money, you should not trade options as your income stream. But if you still want to start this exciting experience, Deriv.com is definitely a good option to go with.
