Deriv Fees & Charges | How Much Does It Cost To Trade?
Type of fees | Fees from |
---|---|
Deposit fees | $0 |
Withdrawal fees | $0 |
Trading fees | From 0.5 pips without commission for forex |
In this article, we will take a closer look at the fees of Deriv. How much does it cost to trade with a binary broker? You can find all the details and answers to your questions here.
See here an overview of all charges and costs on Deriv:
Deposit fees: | No deposit fees |
Withdrawal fees: | Usually, no withdrawal fees, $25 commission for withdrawals via bank wire transfer |
Account maintenance fees: | No account maintenance fees |
Inactivity fees: | 25 $ charged every six months after more than 12 months of inactivity |
Spread fee: | Yes, from 0.5 pips variable |
Overnight fees (swaps): | Calculated by: Swap charge = volume × contract size × asset price × (swap rate ÷ 100) ÷ 360 |
Currency conversion fee: | No |
Market data fee: | No market data fees |
Trading platform fees: | No trading platform fees |
(Risk warning: Your capital can be at risk)
How much does it cost to trade on Deriv?
Live trading with this company requires an initial investment of $ 10. There are no monthly or annual account fees, even if your account is dormant.
Trading digital options incurs no costs. Nevertheless, a fee of 0.5 pips may be charged for positions via CFD Trading. Moreover, a charge will be made for the foreign exchange. Market data is provided free of charge.
In general, this service provider has cheap transaction costs. But, before you start trading, it is vital to know the specific fees for the various trading activities to avoid any unpleasant surprises.
Traders can start trading at Deriv.com with minimal amounts. The fonts to trade may vary according to the platform you are using. There are three platforms to trade on Deriv.com – Dtrader, Dbot, and DMT5.
If you are trading on Dtrader, you can trade with an amount of as low as 0.35 dollars as a minimum stake and get a greater than 200% potential payout.
While trading on Dbot, you can enjoy automated trading that offers you to start a trading account at zero cost. On the other hand, trading on the third platform, DMT5, includes cryptocurrencies, forex, stocks, commodities, and more. So, the cost to trade may differ based on the market you choose.
The platform also makes it possible for individuals to participate in financial markets even with investing minimal funds. It is possible through Options, which are the products allowing payouts for predicting the market’s movements. You would not even need to purchase the underlying asset to make a profit.
You need to open a position to predict the market’s movement over a certain time period. Therefore, you can make a profit and get involved in financial markets even with less capital investment.
(Risk warning: Your capital can be at risk)
Trading fees for currency pairs
Depending on the currency pair you choose, forex trading commissions vary widely. They are usually in the range of 0.0180% to 0.0380%.
For example, let us assume that you are trading the USD/CHF with a commission rate of 0.0190%. If you deposit 20 USD and use a leverage of 1:50, you would be charged 0.19 USD as the trading fee is calculated as 0.0190% of (20.00 x 50). For the other assets, the same formula is used. Depending on the currency pair, the commission, and your leverage, the commission you pay to Deriv will vary.
Currency pair: | Commission (for a $ 10 USD stake and 1:50 leverage): | Minimum trade amount: | Spreads from: |
EUR/USD | 0.0200% | $1 | 0.5 pips variable |
USD/CAD | 0.0180% | $1 | 0.5 pips variable |
AUD/JPY | 0.0380% | $1 | 0.5 pips variable |
USD/JPY | 0.0220% | $1 | 0.5 pips variable |
GBP/USD | 0.0220% | $1 | 0.5 pips variable |
USD/CHF | 0.0190% | $1 | 0.5 pips variable |
Trading fees for cryptocurrencies
The commission rates for cryptocurrency pairs are a little bit higher on Deriv. Commissions are usually between 0.1400% and 0.1620%.
Cryptocurrency: | Commission (for a $ 10 USD stake and 1:10 leverage): | Minimum trade amount: |
BTC/USD | 0.1620% | $1 |
ETH/USD | 0.1400% | $1 |
Trading fees for indices
For index trading on Deriv, expect commissions of around 2.0000%.
Index: | Commission (for a $10USD stake and 1:1 leverage): | Minimum trade amount: |
Volatility 150 (1s) Index | 2.0000% | $1 |
Boom 300 Index | 2.0000% | $1 |
(Risk warning: Your capital can be at risk)
Payment methods and their fees
You can withdraw or deposit funds on deriv.com using various payment platforms.
- E-Wallets
The positive part about reading on deriv.com is that you can use flexible payment methods. E-wallets are accessible to all, and deriv.com allows the same to traders. Various e-wallet options available include PerfectMoney, Jeton Wallet, AirTm, Fasapay, Webmoney, and more.
Whether you are depositing or withdrawing money using these options, the process is approved quickly. The minimum requirement for deposit and withdrawal through e-wallets is 5 of the base currency. Shopping for currency is also easy through online platforms.
- Credit and Debit Card
You can also instantly withdraw or deposit using credit or debit cards, including Visa and MasterCard. The minimum amount with credit cards is 10 AUD/EUR/GBP.
- Bank Wire Transfer
You can also transfer funds through Bank wire with the minimum deposit or withdrawal of 5 of the base currency.
- Cryptocurrency
You may fund your account with Tether, Bitcoin, Litecoin, Or Ethereum if you are using cryptocurrency. Fast today, using cryptocurrencies does not cost any minimum deposit or withdrawal amount. The process is completed in three blockchain verifications.
- Payment Agents
You may also transact thanks to payment agents
- Deriv Peer to Peer
Deriv peer-to-peer has the least minimum deposit/withdrawal of 1 of the base currency. You can learn more about this payment method on Deriv.
(Risk warning: Your capital can be at risk)
Conclusion on the Deriv.com trading fees:
The cost to trade on deriv.com is minimal. So, you can start trading even with minimal funds on whatever market you wish. A deposit fee of as little as 5 USD to start trading at this broker trading platform. There are no fees for deposits and withdrawals, no inactivity fee. The only fees which can apply to you are when trading forex on Deriv and CFDs with a minimum spread from 0.5 pips.
(Risk warning: Your capital can be at risk)
Frequently asked questions about the fees on Deriv.com
Are there any hidden fees on Deriv.com?
No! There are no hidden costs on Deriv.com. You only pay the usual trading fees when you choose a real money account. The demo account is still free of charge.
Is Deriv.com free?
The Deriv trading platform can be used completely free of charge with a demo account. If you open a real money account, trading will cost you money. The minimum deposit starts at $5 USD but varies depending on the deposit method.
Are there costs for overnight positions on Deriv.com?
Yes, overnight fees (swap fees) are charged at Deriv.com. They are relatively low and can be calculated, for example, with the free Swap Calculator from Deriv.
What are the deposit and withdrawal fees on Deriv.com?
The deposit fee is $5, and withdrawals are usually free of charge, depending on the chosen method. Exchange rate fees may apply for deposits/withdrawals in different currencies.