Deriv South Africa: Opening a trading account

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Preparing for Registration

Before starting the registration process on Deriv, make sure you have:

  • A valid email address
  • Access to a mobile phone for verification
  • An identity document (passport, ID card)
  • Proof of residence (not older than 6 months)

Additional recommendations:

  • Use a reliable and stable internet connection
  • Ensure your browser is updated to the latest version
  • Disable VPN or proxy server during registration
  • Prepare scans or clear photos of the required documents

List of recommended browsers:

  • Google Chrome (version 90+)
  • Mozilla Firefox (version 88+)
  • Safari (version 14+)
  • Microsoft Edge (version 90+)

Registration Process

  1. Go to the official website Deriv.com
  2. Click the “Create Free Account” button at the top right corner
  3. Fill out the registration form:
    • Select your country of residence
    • Enter your email address
    • Create a strong password
    • Choose the account currency
    • Confirm that you are over 18 years old
    • Accept the terms of use and privacy policy
  4. Click “Create Account”

Additional steps: 7. Select your preferred interface language 8. Indicate if you wish to receive news and analytics by email 9. Complete a brief survey about your trading experience (optional)

Recommendations for creating a strong password:

  • Minimum 8 characters
  • Combination of uppercase and lowercase letters
  • Use of numbers and special characters
  • Avoid using personal information (birthdates, names)

Table of available account currencies:

Currency

Code

Minimum Deposit

US Dollar

USD

5

Euro

EUR

5

British Pound

GBP

5

Australian Dollar

AUD

5

Japanese Yen

JPY

500

Bitcoin

BTC

0.0001

Ethereum

ETH

0.01

Account Verification

After creating an account, you need to go through the verification process:
  1. Email Confirmation:
    • Check your inbox
    • Find the email from Deriv
    • Click the link to confirm your email
    • If the email hasn’t arrived, check the “Spam” folder
    • Request a resend of the email after 10 minutes
  2. Identity Verification:
    • Upload a scan of your passport or ID card
    • Take a selfie with the document
    • Ensure all details on the document are clearly visible
    • File size should not exceed 8 MB
    • Supported formats: JPG, JPEG, PNG, PDF
    • Wait for document verification (usually 1-2 business days)
  3. Address Verification:
    • Upload a document confirming your address
    • This could be a utility bill or bank statement
    • Document must not be older than 6 months
    • Address must match the one provided during registration
    • The name on the document must match the account name 
Additional verification steps: 
  1. Filling out a Financial Profile:
    • Indicate the source of funds
    • Provide information about annual income
    • Describe your trading experience
    • Complete a financial markets knowledge test (for certain jurisdictions)
  2. Phone Number Verification:
    • Enter your mobile phone number
    • Receive an SMS with a confirmation code
    • Enter the received code on the website
Verification statuses:
Status Description Available Features
Not Verified Account created, but documents not provided Limited access, demo account only
Under Review Documents uploaded, awaiting verification Limited access to a real account
Partially Verified Identity confirmed, but not address Access to a real account with limitations
Fully Verified All documents verified and approved Full access to all features

Choosing an Account Type

After verification, choose the account type:
  1. Demo Account:
    • Practice without risking real money
    • Virtual balance of 10,000 USD
    • Access to all platform features
    • Ability to test strategies
    • Unlimited usage time
  2. Real Account:
    • Financial (Forex, stocks, indices)
    • Synthetic (Synthetic indices)
    • Cryptocurrency (Cryptocurrency trading)
    • Multi-Asset (Combination of all asset types)
Table: Comparison of Account Types
Feature Demo Account Financial Synthetic Cryptocurrency Multi-Asset
Minimum Deposit 0 USD 5 USD 5 USD 10 USD 100 USD
Leverage Up to 1:1000 Up to 1:1000 Up to 1:1000 Up to 1:2 Up to 1:100
Spread From 0.1 pip From 0.6 pip From 0.1 pip From 50 pips From 0.5 pip
Commission 0% 0% 0% 0.01% 0.001%
Minimum Trade Size 0.01 lot 0.01 lot 0.01 lot 0.001 BTC 0.05 lot
Hedging Yes Yes Yes Yes Yes
Scalping Allowed Allowed Allowed Allowed Allowed
Additional account options:
  • Islamic Account (swap-free)
  • Professional Account (for qualified traders)
  • Corporate Account (for legal entities)
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Funding the Account

After choosing the account type, fund it:
  1. Go to the “Cashier” section
  2. Select the deposit method:
    • Bank transfer
    • Credit/debit card
    • E-wallets (Skrill, Neteller)
    • Cryptocurrencies
    • Local payment systems
  3. Enter the deposit amount
  4. Follow the instructions for the chosen method
The minimum deposit amount depends on the chosen method and account type. Table of deposit methods:
Method Minimum Amount Processing Time Fee
Bank Transfer 50 USD 1-5 business days Varies by bank
Visa/Mastercard 10 USD Instant 0%
Skrill 5 USD Instant 0%
Neteller 5 USD Instant 0%
Bitcoin 0.0001 BTC 1-3 confirmations Network fee
Ethereum 0.01 ETH 1-3 confirmations Network fee
Recommendations for safe deposits:
  • Use only official deposit methods
  • Verify details before sending funds
  • Do not share card information with third parties
  • Ensure the wallet address is correct when using cryptocurrencies

Setting Up Account Security

To protect your account:
  1. Enable Two-Factor Authentication (2FA):
    • Go to security settings
    • Choose a 2FA method (SMS, Google Authenticator, Authy)
    • Follow instructions to activate
    • Save backup codes for account recovery
  2. Create a Security Question:
    • Choose a question from the list or create your own
    • Provide an answer known only to you
    • Use a complex answer unrelated to public information
  3. Set Limits on Bets and Losses:
    • Establish a maximum bet amount
    • Define a daily loss limit
    • Set a monthly deposit limit
Additional security measures:
  • Regularly change your password (recommended every 3 months)
  • Set up login notifications
  • Activate IP filtering to restrict access from specific addresses
Table of account security levels:
Level Description Recommended Measures
Basic Password only Not recommended
Medium Password + 2FA Minimum recommended level
High Password + 2FA + Security Question Recommended for all users
Maximum All of the above + IP filter For professional traders
sign up deriv

Getting to Know the Platform

After registering and setting up your account:

  1. Familiarize yourself with the trading platform interface
    • Explore sections: charts, orders, transaction history
    • Customize the workspace to your preferences
    • Learn hotkeys for quick navigation
  2. Get to know the available trading instruments
    • Study the specifications of each instrument
    • Check the trading session schedule
    • Review margin requirements for each asset
  3. Review educational materials and video tutorials
    • Take an introductory course for beginners
    • Study advanced trading strategies
    • Learn about risk management and trading psychology
  4. Practice on a demo account before real trading
    • Test different strategies
    • Understand the process of opening and closing trades
    • Analyze your results and optimize your approach
  5. Set up analysis tools
    • Add necessary indicators to the chart
    • Set alerts for important price levels
    • Connect external data sources (if available)
  6. Learn about additional platform features
    • Trading automation (if available)
    • Social trading and copy trading
    • Tools for backtesting strategies

Table of recommended steps for beginners:

Step

Action

Expected Outcome

1

Take an introductory course

Basic understanding of trading

2

Study the platform interface

Confident navigation

3

Open a demo account

Practice without risk

4

Test 2-3 strategies

Selection of suitable approach

5

Analyze results

Understanding strengths and weaknesses

6

Learn risk management

Readiness for real trading

7

Open a real account with a minimum deposit

Start of real trading



Common Issues

  1. Issue: Email confirmation not received
    • Solution:
      • Check the “Spam” folder
      • Add [email protected] to the list of trusted senders
      • If the email does not arrive within 10 minutes, request a resend
      • Contact support if the problem persists
  2. Issue: Document verification failure
    • Solution:
      • Ensure documents are clear and readable
      • Check the validity of the documents
      • Upload additional documents if required
      • Contact support to clarify the reason for rejection
  3. Issue: Error during account funding
    • Solution:
      • Check sufficient funds on your card or e-wallet
      • Ensure your bank allows international transactions
      • Try a different deposit method
      • Contact Deriv support with transaction details

FAQ

The verification process usually takes 1-2 business days. Factors affecting speed:

  • Quality and readability of provided documents
  • Verification department workload
  • Need for additional checks

To expedite the process, provide clear, up-to-date documents and respond promptly to verification requests.

According to Deriv’s rules, one user can only have one account. This ensures fair trading and compliance with regulatory requirements. However, you can open multiple account types (financial, synthetic, cryptocurrency) within one account.

If you forget your password:

  1. Click “Forgot password?” on the login page
  2. Enter the email used during registration
  3. Receive an email with password reset instructions
  4. Create a new secure password
  5. Log in to your account with the new password