If you are familiar with forex trading, the chances are that you might have heard about Deriv. It is one of the most popular registered brokerage houses operating worldwide. Like all other brokers, it has different working conditions, account types, trading platforms, trading instruments, and, most importantly, minimum deposit amount.
You might be wondering, what’s the minimum deposit for Deriv broker? Well, we will cover all the necessary details in this comprehensive guide to provide you with a broader perspective.
A Comprehensive Guide on Minimum Deposit for Deriv Broker
We have mentioned earlier that Deriv is an established and renowned brokerage house. But, how can a new trader know if it is trusted or not? The first and foremost thing to consider is a broker’s regulations.
In this case, Deriv is regulated by two reputable organizations. The first is Malta Financial Services Authority (MSFA) under the Investments Services Act. That is because the broker is situated in Malta.
Secondly, Financial Conduct Authority (FCA) also supervises Deriv. It is a part of Deriv (FX) Ltd, registered by Labuan Financial Services Authority.
The broker offers its services in 25 countries. It has garnered over 2.5 million traders globally in only 22 years. To conclude, it is safe to say that Deriv is a reliable and trusted brokerage house.
Deriv is one of the most suitable brokers for beginners. The minimum deposit for Deriv broker is only $5, which is equivalent to 70.67 ZAR. But, this brokerage company is different from many that you have seen.
That’s because the minimum deposit for Deriv broker does not vary with account types. The brokerage company has three different accounts, including Standard, Financial STP, and Synthetic. The three have various features, but the initial deposit cost remains the same.
- How to Deposit the Minimum Account
A beginner might have difficulty depositing the money to the broker for the first time. But, that’s not the case with Deriv. You can quickly deposit as the brokerage company offers fast and secure transactions. The same goes for withdrawal.
All you need is to log in to your personal area. Navigate to the deposit option and follow the simple instructions. You will be asked to select the currency you want. Once you deposit the minimum amount, you are all set to start forex trading.
- Deposit & Withdrawal Methods for Deriv Broker
Deriv has made it easy for traders to deposit and withdraw money. That is due to the number of available methods. These include debit cards, credit cards, Skrill, Neteller, Fasapay, bank wire transfer, cryptocurrencies, PaySafe, Jeton, SticPay, Web Money, and Perfect Money.
Moreover, you can select from these currencies: USD, EUR, GBP, and AUD.
The best part is that Dervic does not charge any deposit fee. It means that you can deposit the actual amount easily.
Conclusion
The Minimum deposit of Deriv broker is suitable for both new and experienced traders. It starts off low and remains the same for all account types. Plus, you can deposit the money in various currencies without any additional charges.
