Deriv in South Africa: analysis of trading conditions on financial markets
Best for 25 years
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Deriv is an international online platform for trading financial instruments. The company has been operating since 1999, offering users a wide range of trading opportunities.
Main features:
- Year of establishment: 1999
- Headquarters: Malta
- Regulation: MFSA, LFSA, VFSC, BVI FSC
- Minimum deposit: 5 USD
- Account types: Financial, Synthetic, Swap-free
Additional information:
- Number of active traders: over 2.5 million
- Monthly trading volume: over 20 billion USD
- Number of employees: more than 1,000
- Offices: represented in 16 countries
Available Trading Instruments
- Forex
- Major pairs
- Minor pairs
- Exotic pairs
- CFDs on Stocks and Indices
- American stocks
- European stocks
- Asian stocks
- Global indices
- Cryptocurrencies
- Bitcoin
- Ethereum
- Litecoin
- Ripple
- Commodities
- Precious metals
- Energy
- Agricultural products
- Synthetic Indices
- Volatility 10
- Volatility 25
- Volatility 50
- Volatility 75
- Volatility 100
Deriv Trading Platforms
Deriv offers several platforms for trading:
- DTrader
- Web platform for options and multipliers trading
- Intuitive interface
- Fast order execution
- Built-in charts and indicators
- DMT5
- MetaTrader 5 platform for CFD trading
- Advanced technical analysis tools
- Automated trading (Expert Advisors)
- Access to historical data
- DBot
- Platform for automated trading
- Visual strategy builder
- Backtesting on historical data
- Ability to create custom indicators
- SmartTrader
- Platform for binary options trading
- Simple and user-friendly interface
- Wide range of option types
- Built-in analysis tools
- Deriv GO
- Mobile app for trading multipliers
- Available for iOS and Android
- Fast registration and login
- Optimized for trading on the go
Opening an Account with Deriv for South African Residents
Registration process:
- Visit the official Deriv website
- Click the “Sign Up” button
- Enter your email and create a password
- Confirm your email
- Fill out the form with your personal information
- Complete the verification process by providing documents
Required documents:
- Identification (ID or passport)
- Proof of address (utility bill)
Additional requirements:
- Age: at least 18 years old
- Active phone number
- Proof of funds (for large deposits)
Verification timeframes:
Verification Type | Average Processing Time |
Basic | 1-2 business days |
Extended | 3-5 business days |
Advantages and Disadvantages of Deriv for South African Traders
Advantages:
• Low minimum deposit
• Wide range of trading instruments
• Multiple trading platforms
• 24/7 support
• Regulated by reputable authorities
• Fast order execution
• No fees on most transactions
• Educational resources for traders
Disadvantages:
• Limited deposit/withdrawal methods
• No localization in Afrikaans
• Potential delays in withdrawals
• No physical offices in South Africa
• Restrictions on certain trading strategies
• Potential issues with profit taxation
Trading Conditions on Deriv in South Africa
- Account currency: USD, EUR, GBP
- Support language: English
- Demo account: available without time limits
- Educational materials: webinars, video tutorials, articles
- Mobile trading: available through apps
Additional features:
- Trading sessions: 24/5
- Leverage: up to 1:1000 (depends on account type and instrument)
- Spreads: from 0.5 pips on major currency pairs
- Minimum trade size: 0.01 lots
- Hedging: allowed
Order types:
- Market order
- Limit order
- Stop order
- Trailing stop
- OCO (One-Cancels-the-Other)
Deposits and Withdrawals
Available methods for traders from South Africa:
| Method | Minimum Amount | Fee | Processing Time |
| Bank transfer | 5 USD | 0% | 3-5 business days |
| Credit/Debit cards | 10 USD | 0% | Instant |
| Skrill | 5 USD | 0% | Instant |
| Neteller | 5 USD | 0% | Instant |
| Bitcoin | 0.002 BTC | 0% | 1-3 confirmations |
| eWallets | 5 USD | 0-2% | Up to 24 hours |
Withdrawal features:
- Withdrawals are only available to verified accounts
- The withdrawal method must match the deposit method used
- Withdrawal limits depend on the account verification level
- Additional checks may be required for large withdrawals
Educational Resources on Deriv
Deriv offers a wide range of educational materials for traders of all levels:
- Webinars
- Weekly online seminars
- Topics for beginners and advanced traders
- Opportunity to ask questions to experts
- Video Courses
- Trading basics
- Technical analysis
- Risk management
- Trading psychology
- E-books
- Detailed guides on trading strategies
- Market analysis
- Practical tips from experienced traders
- Glossary
- Extensive dictionary of trading terms
- Simple explanations of complex concepts
- Deriv Blog
- Regular market analysis updates
- Tips to improve trading performance
- Company and industry news
- Trading Simulator
- Practice trading in real-time without risk
- Ability to test different strategies
Security and Regulation
Deriv places a strong emphasis on the security of client funds and data:
- Regulation
- MFSA (Malta Financial Services Authority)
- LFSA (Labuan Financial Services Authority)
- VFSC (Vanuatu Financial Services Commission)
- BVI FSC (British Virgin Islands Financial Services Commission)
- Data Protection
- SSL encryption for all transactions
- Two-factor authentication
- Regular security audits
- Client Funds Segregation
- Client funds are held separately from company operational funds
- Use of reputable banks for fund storage
- Deposit Insurance
- Additional protection of client funds
- Coverage in case of company insolvency
- Transparency
- Regular publication of financial statements
- Open information about the company’s owners and management
User Reviews of Deriv from South Africa
| Reviewer | Rating | Review | Date |
| Raphael Nwakakwa | ★★★☆☆ | Deriv is good I like the broker my only problem with it is there payment method. If they can create method where other countries can pay with their currency and it will converted to usd it will be better. | 2 days ago |
| SAID ABDALLAH MKUYU | ★★★★☆ | Due to some unnecessary delays while withdrawing of funds. Ie withdrawing the amount you deposited via same way you use as you were depositing. | 2 days ago |
| Daniel Kungu | ★★★★☆ | Since I am still new in the industry, I have learned that, 1) it’s true trading does pay. 2) trading pays if you are patient enough. 3) trading gives a good life experience. | 2 days ago |
- Positive: • Fast account opening and verification • User-friendly platforms • Wide range of trading instruments • Responsive customer support
- Negative: • Difficulties with large withdrawals • Lack of local payment methods • Inadequate adaptation to the South African market
Comparison of Deriv with Other Brokers in South Africa
| Criteria | Deriv | Broker A | Broker B |
| Min. deposit | 5 USD | 100 USD | 50 USD |
| Max. leverage | 1:1000 | 1:500 | 1:400 |
| Number of assets | 100+ | 80+ | 60+ |
| Deposit fee | 0% | 0-2% | 1-3% |
| Withdrawal time | 1-5 days | 2-7 days | 1-3 days |
| Availability of MT5 | Yes | Yes | No |
| Support in Afrikaans | No | Yes | No |
FAQ
How can I fix MT5 crashes on Android?
Try the following steps:
- Clear the app cache
- Reinstall MT5
- Update your Android OS
- Contact Deriv support for further assistance
How can I speed up withdrawals via bank transfer?
Recommendations:
- Ensure your account is verified
- Use the same bank card as for deposits
- Withdraw on weekdays before 12:00 local time
- Consider alternative withdrawal methods (e-wallets)
Is there foreign language support for South African traders?
Officially, foreign language support is not provided. However, you can:
- Use online translators when communicating with English-speaking support
- Reach out to another traders on Deriv forums
- Use translated educational materials available on the Deriv website
