Deriv Minimum Deposit

When choosing a broker, reliability is important, but fees and minimum deposits also matter. Deriv operates in various countries and is regulated by several authorities that monitor its trading activities closely. Lower fees and a variety of options make a broker more appealing for trading. The minimum deposit is especially important for new traders, who might not have a lot of money to invest right away. At Topforex, we analyzed Deriv’s minimum deposit requirements. Keep reading to see if Deriv is a good choice for beginner traders.

Deriv Minimum Deposit

You only need to deposit $5 to start using Deriv. Right now, this is about 75 ZAR, based on the current exchange rate between the US Dollar and the South African Rand.

Deriv Deposit Fees and Methods

When you deposit money with Deriv, you don’t have to pay any deposit fees. However, you should check if your bank or financial service charges its own fees, as you might have to pay those.

Deriv’s minimum deposit requirement is lower compared to other brokers. You can use the following payment methods to make a deposit with Deriv:

• Credit card
• Debit card
• Neteller
• Skrill
• Fasapay
• Perfect Money
• WebMoney
• Paysafe
• Jeton
• Bank wire transfer

Deriv accepts deposits in the following currencies:

• EUR (Euro)
• USD (US Dollar)
• GBP (British Pound)
• AUD (Australian Dollar)
• ZAR (South African Rand)

Easy Steps to Deposit the Minimum Amount on Deriv

Step 1: Log into Your Account

First, open the Deriv website or app. Enter your email address or account number along with your password to log in to your trading account.

Step 2: Select the Deposit Option

After logging in, you will see the Deriv dashboard. Look for and click on the “Deposit” button to start the process. Choose your preferred payment method from the available options.

Step 3: Fill in Your Payment Details

Next, enter the necessary payment information. This includes selecting the currency, specifying the amount you want to deposit, and providing your card details. Make sure to transfer funds in the same currency as your bank account to avoid any issues. If needed, you can exchange your local currency at your chosen rate before completing the deposit.

Pros and Cons

Pros	Cons
You don’t need to deposit a lot of money to start.	They only let you use certain currencies for your account.
They won’t charge you any fees for depositing or withdrawing money.	Sometimes, you might have to pay fees to convert between currencies.
They offer trustworthy ways to pay.	They don’t offer Islamic accounts.

According to our analysis, Topforex found that Deriv has a low minimum deposit. However, the average fees make it not the best choice for new traders. You can pick from different platforms that match your trading style and goals. Another plus is that this company is well-respected and regulated in many places.

FAQs

Is my money safe with Deriv?

Yes, your money is safe with Deriv. Deriv is regulated, and depending on where you live, you might have negative balance protection according to local rules.

What’s the smallest amount I can deposit with Deriv?

The minimum deposit for Deriv is $5.

Does Deriv have a minimum deposit?

Yes, Deriv requires a minimum deposit of only $5 when using e-wallets like AirTM, WebMoney, PerfectMoney, Neteller, and Skrill.