Deriv.com has a long history of online trading and they know that there are many methods used by the clients to transfer money. The platform accepts various payment types including bank wire, credit and debit cards, E-Wallets, and cryptocurrency.
A trader can choose Bank Transfer, Paytrust, Help2Pay, Dragon Phoenix, or Zingpay if they choose bank wire to transfer funds in and out from the Deriv account. The minimum and maximum limit for deposit and withdrawal vary depending on the option you use for bank wire transfer.
Funds are transferred instantly with bank wires. Currencies accepted via bank wire are USD, GBP, EUR, and AUD however Help2Pay and Paytrust user can only transfer funds in USD.
Only Visa, Mastercard (for the UK only), and Maestro (for the UK only) credit or debit card are accepted to transfer funds into the Deriv account. The minimum amount to deposit and withdraw is 10 USD and a maximum of 10,000.
Deposits are transferred from cards to Deriv account instantaneously while withdrawals are processed in 1 working day. If you are facing difficulty transferring funds in your Deriv account using a credit card, please ask your bank to authorize the transactions with the brokerage.
For E-Wallet payments and withdrawals, FasaPay and Skrill are the most famous and widely used methods to transfer the money on Deriv, along with a number of e-wallet options. The minimum amount allowed to deposit and withdraw using e-Wallet is 5 and the maximum limit is 10000.
Cryptocurrencies are being adopted by many online trading platforms. Deriv also accepts the cryptocurrencies as the payment method for depositing the funds and withdrawals. Bitcoin, Ethereum, Litecoin, and Tether are only cryptocurrencies accepted for transferring money in and out of their Deriv account.
You can deposit any amount of cryptocurrency as there is no minimum or maximum limit for that but three blockchain confirmations are required before your crypto funds appear in your Deriv account. The minimum withdrawal from Deriv account onto your crypto wallet depends on the latest exchange rates of the crypto/USD. The minimum time required for withdrawal of funds is 1 day plus three blockchain confirmations.
If you wish to withdraw money from your Deriv account by any method, you need to verify the transaction through email. Once you submit the withdrawal request, a verification link is sent to your registered email ID and you need to confirm the withdrawal within one hour by clicking the verification link.
If your account is idle for 12 consecutive months means no buy or sell transaction has occurred from your account within the 12 months, Deriv.com charges a dormant fee on the idle account.
Deriv.com is also licensed in and outside the EU to offer financial products to clients for trading. Deriv.com is regulated under MFSA Malta, Labuan FSA, Vanuatu FSC, and the British Virgin Islands FSC. Although they are yet to be registered with some major regulatory agencies like Australian Securities and Investments Commission (ASIC), Financial Conduct Authority (FCA) in the UK or the Cyprus Securities and Exchange Commission (CySEC), it is a good thing that they are licensed with some of them which mean they have something to be trusted.
As there are some areas Deriv is not yet registered, hence the services of Deriv.com are not yet available there. Countries, where the services of Deriv aren’t available yet, are Hong Kong, France, USA, UAE, Israel, Jersey, Malaysia, Malta, Paraguay, Canada including all those countries identified as restricted by Financial Action Task Force. Although Deriv is currently available in all the countries where they usually operate, it isn’t yet available in languages other than English.
Deriv.com holds clients’ money in banks (or other financial institutions) after segregation so that it does not mix with the platforms’ accounts and investors can withdraw the funds instantaneously if they want or in case of any unfortunate event.
In order to comply with the rules and regulations set by the licensing bodies, Deriv.com does not allow the trading services to minor, i.e. the people under 18 years of age.
Deriv.com claims that they have a history of over $7B of trade with more than 1.2M trading accounts.
Online trading is a convenient way of earning income. You don’t answer to anyone and don’t have to follow schedules set by others for you. However, trading CFDs and binary options involve much greater risk than any other career choice. The demo accounts are available on all top platforms for your benefit. If you don’t want to risk your money, educate yourself as much as possible with a demo account. And when you consider yourself ready for diving into it, Deriv.com is among the top of our recommendations.