Deriv

Best for Synthetic Indices

⭐ 4.3/5

Open account at Deriv

Founded: 2020
Min deposit: $5
Spread from: 0.5 pips
Max leverage: 1:1000
Regulated by: MFSA (Malta), Labuan FSA, BVI FSC

Trading platforms: MetaTrader 5, Deriv Trader, Deriv Bot

Pros

Very low minimum deposit, accessible to beginners
Unique access to 24/7 synthetic indices alongside standard forex
No-code automation tool (Deriv Bot) for building simple strategies

Cons

Synthetic indices are a complex product that requires separate understanding
Regulation is spread across several offshore-leaning entities depending on region

Deriv (rebranded from Binary.com, with roots going back to 1999) is a broker known for combining standard forex trading with synthetic indices — continuously available instruments modeled on randomized market behavior.

Trading Fees

Forex trading costs are built into the spread, which varies by instrument, while synthetic indices carry their own separate pricing structure specific to that product.

Should you trade with Deriv?

Best suited to traders curious about synthetic indices as well as standard forex, or beginners who want to start with a very small deposit and simple automation tools.