Spread, Swap, Commission and Leverage
Spreads and commissions: Deriv.com promises low spreads and minimal transaction fees. Currently Deriv's new system is still under construction so spread data and average commissions are limited. However, Binary.com has previously had a reputation for competitive spreads and transparent fee structures. Note, traders will be charged an inactivity fee if the account is inactive for a period of 12 months.
Swap Fees: If you hold any position open overnight, an interest rate adjustment (or rollover fee) will be charged to your trading account to cover the cost of keeping your position open. For Forex and commodities, the rollover is based on the interbank lending rate, in addition to a 2% fee charged daily (per night) to hold your position. The swap fee also depends on the time and date that you keep your position open and this fee may also be adjusted on public holidays. Leverage: Deriv offers flexible leverage up to 1:1,000. This allows users to have a larger position size by placing a small deposit, known as margin, to increase potential profits. Margin and leverage requirements vary depending on the account and the jurisdiction in which you register the account. For example, in the EU, regulations limit the leverage that retail traders can use on FX's major currency pairs at 1:30.
2.6 Deposit/withdrawal methods on Deriv exchange Deriv offers a wide range of payment means: credit/debit cards, bank transfers, e-wallets and e-money. Your funding options should also be stated in your account's base currency to save on conversion costs. The exchange has no deposit bonus.
Deposit method (Deposit) . Deposit payment options include:
Bank Transfer: Minimum deposit is $5 and most deposits are processed instantly. Credit/debit cards: Both Visa and Mastercard can be used with a minimum deposit of 10 USD/GBP/EUR/AUD. Credit and debit card deposits are processed instantly. E-wallets: All the most popular e-wallets like Skrill, Neteller, PaySafe, Fasapay and WebMoney are accepted for payment at Derv. These wallets all support instant deposits and require a minimum deposit of $ 5 (about 116,000 VND) to be able to top up the account quickly. Cryptocurrencies: You can deposit to your allowv.com account using Bitcoin, Ethereum, Litecoin and Tether. There is no minimum deposit requirement when using cryptocurrencies, payments are processed in three blockchain confirmations.
Withdraw You can withdraw funds from your Deriv.com account using all deposit payment options. Depending on the provider, bank withdrawals start from your base 5 coins and are processed in 1-2 business days. Minimum withdrawal via debit/credit card is 10 of your base currency and processed in one business day.
Note, MasterCard and Maestro are only available to UK traders. To withdraw using an e-wallet, you need to withdraw at least 5 of your base coins. This amount will be processed within one business day. Also, when it comes to crypto withdrawals, Bitcoin offers a minimum withdrawal of 0.0026 with a withdrawal time of one business day plus three blockchain confirmations.
The absence of any fees for deposits/withdrawals makes Deriv one of the most accessible and cost-effective brokers for deposits and withdrawals.