Deriv Fees, Spreads and Commission

Deriv is a big online broker worldwide. They offer CFDs and other financial products on forex, stocks & indices, cryptocurrencies, commodities, and indices to many users around the world. It used to be called Binary.com. They’ve made their platform better with more products and a new logo. Over a million customers from Binary.com, who make 43 million trades monthly and withdraw $6 million each month, will move to Deriv.com gradually. Here’s our overview of Deriv’s fees, spreads, commissions, and frequently asked questions about fees.

Deriv Fees and Spreads

Deriv charges tight spreads, which means the difference between buying and selling prices, starting from 0.5 pips on EUR/USD. It’s not clear on their website if they charge a fee for making trades, but usually brokers take a fee from the spreads. Some reviews mention that trade fees can start from 0.015% for forex and CFDs.

For traders using Deriv, the minimum amount of money you need to deposit is $5 or R75 ZAR, depending on your currency, for any of the three types of live accounts they offer. However, the exact deposit amount might vary based on the payment method you choose. Unfortunately, you won’t find a clear list of spreads and fees on Deriv’s website.

Additional Trading Fees

• Deriv charges extra fees for trading.

• When you trade money, like forex, you might have to pay extra fees if you keep your positions overnight.

• Deriv’s website doesn’t say if they charge these fees for short or long positions held overnight. To know more about these fees, traders should ask customer service.

• Deriv doesn’t do spread betting, so they don’t charge spread betting fees.

Broker Fees

When you use Deriv, there are no fees for putting money into or taking money out of your account. But if you don’t use your account for a whole year, there’s a $25 fee. This fee is like a charge for not using your account. It happens if you don’t buy or sell anything for 12 months straight. However, if you’re not using your account because you’re taking a break from trading, you won’t have to pay this fee.

Make sure to check with your bank for any extra charges they might have. Also, if you move money in a different currency than your account’s currency, there might be a fee for converting it.

Deriv is a reputed forex trading company. It follows all the rules and is clear about what it does. It has strict rules, low fees, and good service. It helps investors achieve their goals. It works for all kinds of traders, no matter how much experience they have. Traders can pick from different platforms to match how they trade and what they want to do. And the best part is, it’s a respected company that follows rules in many different places.

FAQs

What’s the trading cost with Deriv?

Deriv’s minimum trading cost is $5.

Is there a spread betting cost with Deriv?

Contact Deriv’s customer support to find out if they offer spread betting.

Do I have to pay overnight fees with Deriv?

Traders on Deriv might get charged overnight fees if they hold positions for longer than a trading day.

Are there inactivity fees with Deriv?

Yes, Deriv charges a $25 inactivity fee if your account is inactive for more than 12 months.