The most beginner-friendly forex broker available. $5 minimum deposit, free unlimited demo account, and unique synthetic indices tradeable 24/7 including weekends.
Risk warning: 74–89% of retail accounts lose money. Trade responsibly.
Deriv (formerly Binary.com) has been operating since 1999 and rebranded in 2020. Regulated by MFSA (Malta), VFSC (Vanuatu) and LFSA (Labuan, Malaysia), it serves millions of traders globally with a focus on simplicity and accessibility.
Deriv's standout feature is its synthetic indices — simulated markets that trade 24/7 including weekends and holidays. Combined with a $5 minimum deposit and a fully free unlimited demo account, Deriv is our top pick for beginners in Africa and globally.
| Minimum Deposit | $5 |
| Maximum Leverage | 1:1000 |
| Spreads From | 0.5 pips |
| Commission | $0 on standard accounts |
| Platforms | MT5, cTrader, DTrader, SmartTrader, Deriv App |
| Account Types | Standard, Financial, Synthetic, cTrader |
| Regulation | MFSA (Malta), VFSC (Vanuatu), LFSA (Malaysia) |
| Synthetic Indices | Yes — 24/7 including weekends |
| Demo Account | Free, unlimited, no expiry |
| Founded | 1999 (Binary.com) — rebranded 2020 |
Yes. Deriv is one of the safest choices for beginners due to its free unlimited demo account, $5 minimum deposit and simple interface. Practice with virtual money before risking real funds.
Synthetic indices are algorithm-generated simulated markets that trade 24/7 including weekends and holidays. Very popular with African traders who want to trade outside normal market hours.
Deriv's minimum deposit is just $5 — one of the lowest among regulated brokers. Ideal for beginners who want to start small and grow gradually.
Deriv supports MT5, cTrader, DTrader, SmartTrader and the Deriv App on iOS and Android. DTrader is specialized for synthetic indices trading.
Open a free account in minutes. Practice on demo — no risk, no deposit needed.
🎯 Open Free Deriv AccountRisk warning: Only trade what you can afford to lose.