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Deriv Minimum Deposit

Deriv Minimum Deposit

 

Overall Rating

4.3/5

Rated #365 of
Recommended FX Brokers

💰Minimum Deposit

USD 5

🌐 Regulators
FSA, MFSA, VFSC
📱 Trading Desk

MetaTrader 5

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Deriv does not have a minimum deposit requirement.

When registering for a live trading account, traders are not required to deposit an initial deposit amount to activate their trading account.

Although this is a great benefit for traders, traders must ensure that they deposit enough funds into their trading account so that margin requirements can be met.

These requirements must be met before trade positions can be opened. Even with the use of leverage, traders may still be liable to have funds available to cover this.

When depositing funds, traders must ensure that they are up to date with the exchange rate between the South African Rand and the supported deposit currencies. Currently, one USD costs 15 ZAR, at the time of writing.

They are a broker which is authorized and regulated by strict regulatory entities namely MFSA, LFSA, VFSC, and BVI FSC, and as a regulated broker, one of the requirements is that client funds be kept in segregated accounts.

In complying with this, amidst several other strict rules and regulations, all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.

 

Deposit fees and deposit methods

They do not have a minimum deposit requirement and therefore, traders have freedom to deposit funds as they wish to use when they open a live trading account.

They offer traders the following payment methods which can be used when making deposits:

  • Bank Wire Transfer
  • Credit/Debit Cards
  • E-Wallets (FasaPay, Perfect Money, Skrill, Neteller, and more)
  • Cryptocurrency Wallets
  • Fiat onramp

 

Deposit currencies that are accepted include:

  • USD
  • GBP
  • EUR
  • AUD
  • BTC
  • ETH
  • LTC
  • USDC
  • USDT

 

Step by step guide to deposit the minimum amount

There is no minimum deposit amount required when registering a live account. However, in order to make a deposit, traders must sign in to their account using their credentials, select their deposit method and amount, and follow further instructions, depending on their payment method.

Traders must ensure that they verify whether currency conversion fees are charged when depositing funds in another currency other than the accepted deposit currencies. In addition, traders must verify whether their financial institution waives transaction fees.

When making deposits, traders must ensure that the name on the account where they are depositing from matches that of their trading account. They do not accept third-party deposits and unknown deposits will be returned to the source.

 

Overall Rating

4.3/5

Rated #365 of
Recommended FX Brokers

💰Minimum Deposit

USD 5

🌐 Regulators
FSA, MFSA, VFSC
📱 Trading Desk

MetaTrader 5

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Pros and Cons

✔️PROS ❌CONS
Industry-standard minimum deposit requirement None noted
Variety of reliable payment methods offered
Variety of deposit currencies supported
Deposit fees are not charged

 

You might also like: Deriv Sign up bonus

You might also like: Deriv Demo account

You might also like: Deriv Fees and Spreads

You might also like: Deriv Account Types

 

FAQ’s

What is the minimum deposit for Deriv?

They do not require a minimum deposit.

How do I make a deposit and withdrawal with Deriv?

  • Bank Wire Transfer
  • Credit/Debit Cards
  • E-Wallets (FasaPay, Perfect Money, Skrill, Neteller, and more)
  • Cryptocurrency Wallets
  • Fiat onramp

Does Deriv charge withdrawal fees?

They do not charge any withdrawal fees. However, the trader’s financial institution may waive transaction fees.

How long does it take to make a withdrawal?

This will depend on the payment method used. Payments can reflect instantaneously or take up to several days.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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