Abstract：This article provides a detailed guide on how to withdraw funds from your Deriv account. It covers everything from a step-by-step walkthrough of the withdrawal process to basic details such as the minimum withdrawal amount and available currencies. This information will help traders understand how to make profits on the Deriv platform.
To withdraw funds from Deriv, you need to:
- Log in to your Deriv account;
- Navigate to the “Cashier” section;
- Click on the “Withdraw” button;
- Verify your withdrawal request;
- Withdraw funds.
Investors can follow the video tutorial on how to withdraw funds.
This article provides a detailed guide on how to withdraw funds from your Deriv account. It covers everything from a step-by-step walkthrough of the withdrawal process to basic details such as the minimum withdrawal amount and available currencies. This information will help traders understand how to make profits on the Deriv platform.
About Deriv
Founded 25 years ago, Deriv is a forex broker with a client base of over 2.5 million traders, of which over 1 million are active in financial markets. The Deriv network consists of four companies with offices in 20 cities across Europe, Asia, Africa, and Latin America.
Deriv offers a range of proprietary platforms, including DTrader, DBot, and DMT5, to cater to various trading styles. The online broker also offers a wide range of derivatives, including CFDs on forex, stocks and indices, cryptocurrencies, commodities, and derivative indices.
Is Deriv Legit?
Deriv is a Tier-2-regulated broker authorised by several well-known financial institutions. As a member of the Financial Commission, traders rights are protected, and they can receive compensation of up to €20,000 in the event of a dispute.
This robust regulatory framework ensures high transparency, fund safety, and dispute resolution mechanisms for its clients. Deriv stands out as the safer choice due to its adherence to international compliance standards and established trader protections. Which regulatory agencies supervise this forex broker?
Deposit and Withdrawal
Most traders consider withdrawal speed to be a key factor in choosing a broker. A reliable broker will process withdrawals promptly and without unnecessary hassles. However, dont just rely on the advertised times; check user reviews and forums to get a feel for real experiences.
Pros and Cons
Deriv withdrawal methods and speed
When comparing how Deriv allows deposits, both brokers provide convenient funding methods, though they differ in range and cost. Deriv supports various payment methods, including bank cards, e-wallets like Neteller and Skrill, and cryptocurrencies such as Bitcoin. With a low minimum deposit of $10 and no deposit fees, Deriv is highly accessible to beginner traders.
We process your deposits and withdrawals internally within 24 hours (depending on your payment method and internal checks). It may take longer for your funds to reach you due to the different processing times by banks and payment service providers.
Deposit and withdrawal fees
A $5 minimum deposit and spreads from 0.5 pips on the commission-free Standard account make Deriv very affordable. A minimum deposit of $10 may be enough to trade on a Cent account, making it ideal for novice traders. However, we recommend starting with a minimum deposit of $200-500 for trading on a Standard/ECT account, allowing you to use a less-large leverage. But over-reliance on margin by novices is the main cause of losses. Deriv doesnt charge deposit or withdrawal fees, though third-party processing fees may apply depending on the chosen payment method.
In addition, Deriv supports the following base account currencies, including USD (United States Dollar), EUR (Euro), GBP (British Pound), and BTC. Using multiple base account currencies will reduce transaction costs for global customers because it can minimises the need for currency conversion.
How to withdraw funds from Deriv to your bank account
For your Deriv Real account, go to Cashier to withdraw your funds. For your Deriv MT5 and Deriv X Real accounts, go to your dashboard to withdraw your funds.
- Log in to your Deriv account and select the “Cashier” option.
- For security reasons, Deriv will send an email to your main email inbox to confirm the withdrawal request; select the “Send Email” option.
- Once you receive the email in your inbox, click on the option “Yes, it's me.”
- Enter the amount of money to withdraw and select “Airtm” as the payment method.
- Verify the information, confirm the withdrawal request, and then click on “Request a payout.” On this screen, it also indicates the fee (free) and the approximate time to make the withdrawal effective (1 business day).
- After the balance is available in your Airtm account, log in to your account, click on the “Withdraw” button, and select the payment method where you wish to receive your money.
- Once you have selected the payment method, indicate the amount in local currency or USDC you wish to receive and click on “Continue.”
- Add your bank information (confirm that the data is complete and correct) and click on “Submit Request.”
Airtm will connect you with another user who will send the payment to your bank and notify you through Airtm that the money has been paid. Once you receive the payment notification, log in to your bank, confirm that you have received the payment, and click on Airtm “Transfer Received.”
How to use Deriv P2P—a peer-to-peer deposit and withdrawal service by Deriv
With Deriv P2P, Deriv's peer-to-peer deposit and withdrawal service, you can quickly and easily deposit and withdraw funds and exchange in your local currency from your Deriv account!
Buy USD for deposit
Step 1: Select an ad in the “Buy” tab.
Step 2: Please take a moment to review and confirm your order details.
Step 3: Please proceed to make and confirm the payment. Make sure to pay the seller within 2 hours.
Step 4: You can start a chat with the seller to share your proof of payment. The seller will transfer the funds to your Deriv account.
Sell USD for withdrawal
Step 1: Select an ad in the “Sell” tab.
Step 2: Enter the amount you want to sell and place the order.
Step 3: Enter your payment and contact details and confirm.
Step 4: Contact the buyer.
Step 5: Receive and confirm payment.
Create an ad to buy/sell USD
You can select “Ads,” create an ad, select “Buy USD” or “Sell USD,” enter your ad details, and publish the ad; it will be live.
Possible problems with Deriv withdrawals
How much can I withdraw from Deriv per day?
$10,000 is the withdrawal limit for accounts that are not fully verified. You will need to go through the verification process to remove the limit once you reach it.
Does Deriv charge withdrawal fees?
Deriv does not charge deposit or withdrawal fees, but you may want to check with your crypto wallet provider about the fees they charge.
Why can't I withdraw from my Deriv account?
Change to a different payment method that supports withdrawals. If you have made a deposit but do not see your payment method on the withdrawal screen, it may be because the payment method you used to deposit cannot be used for withdrawals.
Why was my withdrawal declined?
Cash withdrawals may be declined for several reasons, including insufficient funds, incorrect PIN entry, and exceeding the monthly spending limit.
