Deriv Review for Tanzanian Traders
Details on this page have not yet been independently verified by our editors.
SaveQuick facts
- Regulators
- MFSA
- Minimum deposit
- 5 USD (no account minimum; varies by payment method)
- Platforms
- MetaTrader 5, cTrader, Broker web/mobile app
- Demo account
- Yes
- Mobile app
- Yes
- Account currencies
- USD
- Founded
- 1999
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Details on this page have not yet been independently verified by our editors.
Regulation
| Regulator | Entity | Licence | Verified |
|---|---|---|---|
| Malta Financial Services AuthorityMalta | - | - | Not yet |
Always confirm a licence on the regulator's own website before depositing money, and check which entity your account will be opened with.
Trading platforms
-
MetaTrader 5
Deriv MT5
-
cTrader
Deriv cTrader
-
Broker web/mobile app
Deriv Trader, Deriv Bot and Deriv X
Account types and minimum deposit
| Account | Min. deposit | Spread | Commission | Max. leverage |
|---|---|---|---|---|
| Standard | - | From 0.1 pips | None | - |
| Zero Spread | - | From 0.0 pips | - | - |
| Swap-Free | - | Variable | None | - |
| Financial | - | Variable | None | - |
| Gold | - | Variable | - | - |
Spreads and fees
- Spreads
- Deriv MT5 Standard account: spreads from 0.1 pips (source: deriv.com).
- Commissions
- No commission on Deriv MT5 accounts (source: deriv.com).
Spreads vary with market conditions. Overnight (swap) fees may apply to positions held past the daily rollover.
Deposits and withdrawals from Tanzania
| Method | Deposit | Withdrawal | Fees | Time |
|---|---|---|---|---|
| Peer-to-peer (P2P) Local | Yes✓ | Yes✓ | - | Minutes, once the other party confirms |
| Cryptocurrency (e.g. USDT) | Yes✓ | Yes✓ | - | - |
| Neteller | Yes✓ | Yes✓ | - | - |
| Skrill | Yes✓ | Yes✓ | - | - |
| Visa / Mastercard | Yes✓ | Yes✓ | - | - |
Mobile trading and demo account
- Mobile trading
- Yes
- Free demo account
- Yes
New to trading? Practise on a demo account first. Our lesson on opening a demo account explains how.
Strengths and important considerations
Strengths
- Unique 24/7 synthetic indices
- Extremely low minimum deposit
- Free demo account with virtual funds
Alternative brokers
Compare Deriv with these brokersOfficial website
Before opening an account, read the broker's client agreement, check the regulator's register and practise on a demo account.