General Information about the Minimum Deposit
Deriv offers a low entry threshold for traders from South Africa. The minimum deposit in Rands (ZAR) depends on the chosen payment method and account type. Table 1: Minimum Deposits by Account Types| Account Type | Minimum Deposit (ZAR) | Features |
| Financial | 75 ZAR | Trade CFDs on forex, stocks, indices |
| Synthetic | 75 ZAR | Trade synthetic indices |
| Demo | Free | Virtual funds for practice |
| Multi-asset | 150 ZAR | Access to all markets |
| Cryptocurrency | 100 ZAR | Trade cryptocurrency pairs |
Deposit Methods in Rands (ZAR)
Deriv offers several methods for depositing funds for traders from South Africa: Table 2: Deposit Methods and Their Characteristics| Deposit Method | Minimum Deposit (ZAR) | Processing Time | Fee | Limits |
| Bank Transfer | 200 ZAR | 1-5 business days | Depends on bank | Up to 1,000,000 ZAR/month |
| Credit/Debit Cards | 75 ZAR | Instant | 0% | Up to 500,000 ZAR/month |
| Skrill | 75 ZAR | Instant | 0% | Up to 750,000 ZAR/month |
| Neteller | 75 ZAR | Instant | 0% | Up to 750,000 ZAR/month |
| Bitcoin | Equivalent of 75 ZAR | After 2 confirmations | Varies by network | No limits |
| eWallets | 100 ZAR | Up to 24 hours | 0-2% | Up to 250,000 ZAR/month |
| Mobile Payments | 50 ZAR | Instant | 1-3% | Up to 100,000 ZAR/month |
Contact Information for Deriv Offices
Expanded table with office addresses:
|
Country |
City |
Address |
Phone |
Business Hours |
|
Malta |
Birkirkara |
Level 3, W Business Centre, Triq Dun Karm, Birkirkara, BKR 9033 |
+356 2131 4567 |
Mon-Fri 9:00-17:00 CET |
|
Malaysia |
Cyberjaya |
Deriv HQ, 3500, Jalan Teknokrat 3, 63000 Cyberjaya, Selangor |
+60 3 8601 1234 |
Mon-Fri 9:00-18:00 MYT |
|
Cyprus |
Limassol |
Business Centre, 181, Leoforos Archiepiskopou Makariou III Avenue 15-1st Floor, 3030 |
+357 2500 1234 |
Mon-Fri 9:00-17:00 EET |
|
UAE |
Dubai |
Office 1902, Jumeirah Business Center 1, Cluster G, JLT, Dubai |
+971 4 123 4567 |
Sun-Thu 9:00-18:00 GST |
|
Singapore |
Singapore |
80 Robinson Road, #11-03, Singapore 068898 |
+65 6123 4567 |
Mon-Fri 9:00-18:00 SGT |
|
UK |
London |
First Floor, 68 – 72 Leonard Street, London, EC2A 4QX |
+44 20 7123 4567 |
Mon-Fri 9:00-17:30 GMT |
Process for Depositing Funds in ZAR
- Log in to your Deriv account
- Go to the “Cashier” section
- Select “Deposit”
- Enter the amount in ZAR (not less than the minimum deposit)
- Choose a payment method
- Follow the instructions for the selected method
- Confirm the transaction
- Wait for the funds to be credited to your trading account
Additional steps for some methods:
- Bank Transfer: Save the bank details and use them to make a payment at your bank
- Cryptocurrencies: Scan the QR code or copy the wallet address to send funds
- Mobile Payments: Enter your phone number and confirm the payment in your operator’s app
Features of Depositing Funds in Rands
- Currency Conversion
- When depositing in ZAR, conversion to the account currency occurs automatically
- The conversion rate is displayed before confirming the transaction
- Option to lock in the exchange rate for 5 minutes for large deposits
- Exchange rate history can be viewed in the client area
- Deposit Limits
- Maximum deposit amount depends on the payment method and verification status
- To increase limits, extended verification is required
- Temporary limits may be set for new accounts
- Possibility to request an individual limit increase
- Processing Time
- Electronic methods: instant crediting
- Bank transfer: may take up to 5 business days
- Cryptocurrencies: depends on network load
- Processing may take longer on weekends and public holidays
- Fees and Charges
- Deriv does not charge a fee for most deposit methods
- Bank and payment system fees are borne by the sender
- Consider network fees when using cryptocurrencies
- Hidden fees may apply for currency conversion by intermediary banks
Account Verification for Deposits
To deposit funds in ZAR, basic verification is required:- Identity Verification
- Upload a photo of your passport or ID card
- Ensure the document is valid and clearly readable
- Take a selfie with the document for additional verification
- Video verification may be required for large deposits
- Address Verification
- Provide a document confirming your address (utility bill, bank statement)
- Document must be no older than 6 months
- The address must match the one provided during registration
- Verification through the South African electoral database is possible
- Additional Documents
- May be required for large deposits or to comply with AML requirements
- Proof of source of funds (income statement, tax return)
- Declaration of funds origin for deposits over 500,000 ZAR
- Bank statement for the last 3 months
| Level | Requirements | Deposit Limits |
| Basic | Email + phone | Up to 10,000 ZAR |
| Standard | Basic + documents | Up to 500,000 ZAR |
| Advanced | Standard + additional check | Individual limits |
Deposit Bonuses
Deriv periodically offers bonuses for traders from South Africa:
- Welcome Bonus
- Up to 20% on the first deposit
- Minimum deposit to receive the bonus: 500 ZAR
- Maximum bonus amount: 10,000 ZAR
- Bonus validity: 30 days from the date of crediting
- Reload Bonus
- Up to 10% on each subsequent deposit
- Available for active traders
- Minimum deposit: 1,000 ZAR
- Maximum monthly bonus amount: 5,000 ZAR
- Bonus Usage Terms
- Bonus funds cannot be withdrawn directly
- Trading turnover conditions must be met
- Typical requirement: turnover 20 times the bonus amount
- Time to meet conditions: 30-90 days depending on the promotion
- Referral Program
- Earn a bonus for referring new traders
- 10% of the referral’s first deposit
- Additional bonuses for referral activity
- Loyalty Program
- Earn points for each deposit and trading activity
- Redeem points for bonuses or prizes
- Program levels: Bronze, Silver, Gold, Platinum
- Enhanced bonuses and a personal manager at higher levels
Managing Deposits in the Client Area
- View Deposit History
- “Transaction History” section in the client area
- Filter by date and payment method
- Export history in CSV or PDF format
- Detailed information about each transaction (status, fees, conversion rate)
- Setting Deposit Limits
- Set daily/weekly/monthly limits
- Helps control spending
- Option to temporarily block deposits
- Notifications when approaching set limit
- Recurring Deposits
- Set up automatic regular deposits
- Choose frequency and amount in ZAR
- Ability to pause or change parameters at any time
- Notifications before each automatic deposit
- Managing Payment Methods
- Save and delete payment methods
- Set a preferred deposit method
- Two-factor authentication for adding new methods
- Block suspicious payment instruments
- Deposit and Trading Activity Analysis
- Charts and statistics of deposits
- Ratio of deposits to withdrawals
- Recommendations for optimizing capital management
- Integration with trading statistics for comprehensive analysis
FAQ
Processing a ZAR bank transfer typically takes 1-5 business days. Factors affecting speed:
- Sender and recipient bank
- Transfer time (faster during business hours)
- Correctness of entered details
- Weekends and holidays
- Transfer amount (large amounts may undergo additional checks)
- Your account’s verification status
For faster deposits, electronic payment methods are recommended.
Changing the base currency after registration is not possible. However, you can:
- Open a new account in ZAR
- Use multi-currency accounts (if available)
- Deposit in ZAR with automatic conversion
- Request support to create a mirror account in ZAR
- Use internal transfers between accounts in different currencies
When opening a new account, contact support to transfer trading history and verification.
To increase the ZAR deposit limit, you may need to provide:
- Proof of source of funds (bank statement, income statement)
- Additional identity verification (second photo ID)
- Financial status form
- Declaration of large sum origin
- Proof of employment or business
- Tax return for the last reporting period
- Documents confirming asset ownership (real estate, investments)
Limit increase process:
- Contact support with your request
- Provide the requested documents
- Undergo a possible interview with the compliance department
- Wait for verification and confirmation of the new limit
