One of the first factors people check when considering a forex broker is its minimum deposit amount. Some brokerage houses have a high initial price that can throw off traders. Plus, it is also not suitable for beginners to spend a large amount right away.
Deriv is a well-known forex brokerage company. If you haven’t heard of it, your first question would be about the Deriv minimum deposit. Well, this review will answer all your questions and provide you with a clearer picture.
A Detailed Review of Deriv Minimum Deposit
Before going into the details about Deriv minimum deposit, you might want to know whether the broker is trusted or not. Here’s all you need to know.
Deriv is an established forex brokerage house. It is situated and licensed in Malta. The broker is regulated by Malta Financial Services Authority (MFSA). However, Deriv is also well-known in various regions throughout Europe. Therefore, it is also supervised by FCA (Financial Conduct Authority).
All their available locations are marked on the website. In only 22 years, Deriv has garnered 2.5 million traders and customers globally. The brokerage company trades in forex, CFDs, cryptocurrencies, synthetics, commodities, and indices.
Deriv Minimum Deposit
Deriv is one of the most affordable forex brokers, especially for beginners. That’s mainly due to their low minimum deposit amount. You can start trading with only $5. In South African Rand, it is equal to 70.67 ZAR.
Plus, it is straightforward to start with a Deriv minimum deposit. You simply need to sign in with the broker and start funding your account. You can do it by sending money from your bank account. Once you log in to your account, you can follow the simple instructions to deposit money.
And, you are all set to start trading!
Deriv Account Types
One key factor that impacts a broker’s initial deposit amount is account type. Usually, the prices are the lowest in standard or basic accounts and higher on pro or raw versions. But, that’s not the case with Deriv minimum deposit. Although the broker does offer three different account types, the initial cost is the same. Click here to learn more about globex360 minimum deposit in rands
You can sign up for the standard account, financial STP account, or a synthetic account, but the minimum deposit remains the same, i.e., $5.
Deriv Minimum Deposit Methods
Are you worried about the deposit and withdrawal methods? Deriv solves your problems. You can use your debit card, credit card, Skrill, Neteller, FasaPay, WebMoney, Bank Wire Transfer, and other methods.
Deriv Minimum Deposit Pros
o Suitable for beginners and experienced traders
o The same for all account types
o Easy to deposit
Deriv Minimum Deposit Cons
o The broker does not offer an Islamic account.
This review has covered all you need to know about the Deriv minimum deposit. From how much, account types, and deposit methods to its pros & cons, we have discussed all in detail. Hopefully, it will help you decide whether Deriv is the right broker for your needs.