Deriv is one of the most popular forex and CFDs brokers in South Africa. They offer many payment methods that South Africans can use easily. In some cases, payments via cards from local banks aren’t working, but there are always workarounds. In this guide we reveal everything about Deriv deposit methods in ZA.
Deriv Minimum Deposit Overview
The Deriv broker minimum deposit is 5 USD when traders register a live trading account.
Furthermore, the Deriv minimum deposit in ZAR is around R17.00 according to the current exchange rate between USD and ZAR. At the same time, European clients pay 0.96 EUR when registering a Deriv trading account.
Currency conversion fees might apply, and these are determined by current exchange rates between currencies and the payment providers/banks.
Traders registering for a live account are subject to the Deriv forex minimum deposit to ensure they have enough funds to cover margin requirements. Margin requirements must be fulfilled before traders can open trading positions, even when they apply leverage.
The Deriv minimum deposit in USD is a default for many payment methods. However, on most Deriv deposit methods, traders can select other deposit currencies. Each deposit method has supported currencies that can be selected when traders fund their Deriv account.
Deriv Broker Minimum Deposit on Synthetic Indices and Forex
The minimum deposit for Deriv Synthetic Accounts is 0 USD. Deriv does not have a set minimum deposit for this account and allows traders to transfer funds from their Deriv Account to the Synthetic MT5 account.
Deriv Minimum Deposit vs. Margin Requirements
While Deriv has a 5 USD minimum deposit on the standard account and no minimum deposit to trade Synthetic Indices, traders must ensure that they can meet Deriv’s margin requirements to start trading.
To calculate the margin manually, traders can use this formula:
- Margin = (Trading Volume x Contract Size in Lots x Spread) / Leverage
Alternatively, to calculate how much is needed to cover the margin, traders can use Deriv’s margin calculator. Moreover, this is a handy tool when traders want to calculate the Deriv minimum deposit needed to start trading.
Traders can calculate the margin on the Synthetic, Deriv X, and Deriv Accounts and start trading by following these easy steps:
- Choose an Account type from the “Symbol” dropdown.
- Enter the trading volume (contract size in standard lots where 1 lot is 100,000 units of the base currency in EUR, ZAR, or USD)
- Choose your leverage ratio from the dropdown list
- Click the “Calculate” banner to view the margin you must pay to open a position.
- Make the Deriv minimum deposit in ZAR, USD, or EUR to start trading.
Deriv Deposit Methods
Traders can make their minimum deposit by using the following Deriv deposit methods:
- Online Banking
- Credit/Debit Cards
- Fiat Onramp
- Deriv P2P
Below, you will find a comprehensive overview of the Deriv deposit methods, deposit currencies, minimum and maximum deposit amounts, and how long Deriv deposits take.
|Deposit Method||Deposit Currency||Min Deposit||Max Deposit||Deposit time|
|Online Banking||Instant Bank Transfer||USD||5 USD||50,000 USD||1 working day|
|PayTrust||USD||10 USD||17,000 USD||1 working day|
|Help2Pay||USD||15 USD||10,000 USD||Instant|
|Dragon Phoenix||USD||10 USD||10,000 USD||Instant|
|ZingPay||USD, EUR, AUD, GBP||10 USD, EUR, AUD, GBP||500 USD, EUR, AUD, GBP||Instant|
|Nganluong||USD||10 USD||2,500 USD||1 working day|
|Credit/Debit Card||Visa||USD, EUR, AUD, GBP||10 USD, EUR, AUD, GBP||10,000 USD, EUR, AUD, GBP||Instant|
|Visa Electron||USD, EUR, AUD, GBP||10 USD, EUR, AUD, GBP||10,000 USD, EUR, AUD, GBP||Instant|
|Mastercard||USD, EUR, AUD, GBP||10 USD, EUR, AUD, GBP||10,000 USD, EUR, AUD, GBP||Instant|
|Maestro||USD, EUR, AUD, GBP||10 USD, EUR, AUD, GBP||10,000 USD, EUR, AUD, GBP||Instant|
|Diners Club||USD, EUR, AUD, GBP||10 USD, EUR, AUD, GBP||10,000 USD, EUR, AUD, GBP||Instant|
|JCB||USD||10 USD||10,000 USD||Instant|
|E-Wallets||Fasapay||USD||5 USD||10,000 USD||1 working day|
|Perfect Money||USD, EUR||5 USD||10,000 USD||Instant|
|Skrill||USD, EUR, AUD, GBP||10 USD, EUR, AUD, GBP||10,000 USD, EUR, AUD, GBP||Instant|
|Neteller||USD, EUR, AUD, GBP||10 USD, EUR, AUD, GBP||10,000 USD, EUR, AUD, GBP||Instant|
|WebMoney||USD, EUR||5 USD, EUR||3,000 USD, EUR||Instant|
|Paysafecard||USD, AUD, GBP, EUR||5 – 1,000 USD, AUD, GBP, EUR||5 – 10,000 USD, AUD, GBP, EUR||Instant|
|Jeton||USD, EUR, AUD, GBP||5 USD, EUR, AUD, GBP||1,000 USD, EUR, AUD, GBP||Instant|
|Sticpay||USD, EUR, GBP||5 USD, EUR, GBP||10,000 USD, EUR, GBP||Instant|
|AirTM||USD||5 USD||2,500 USD||Instant|
|Boleto||USD||10 USD||500 USD||2 – 3 working days|
|Paylivre||USD||5 USD||4,000 USD||Instant|
|OnlineNaira||USD||10 USD||1,000 USD||Instant|
|Trustly||USD, EUR, GBP||10 USD||100 USD||Instant|
|Beyonic||UGX, TZS||5 UGX, TZS||1,000 UGX, TZS||Instant|
|AstroPay||USD||5 USD||2,500 USD||Instant|
|1 For You||USD||10 USD||1,000 USD||Instant|
|ADVCash||USD||5 USD||1,000 USD||Instant|
|Crypto||Bitcoin||BTC||0 BTC||–||Once confirmed|
|Ethereum||ETH||0 ETH||–||Once confirmed|
|Litecoin||LTC||0 LTC||–||Once confirmed|
|USD Coin||USDC||0 USDC||–||Once confirmed|
|Tether||USDT||0 USDT||–||Once confirmed|
|Fiat Onramp||Changelly||USD, EUR, GBP, BTC||50 USD, EUR, GBP, BTC||5,000 USD, EUR, GBP, BTC||5 – 30 minutes|
|BANXA||USD, EUR, GBP, AUD, BTC, LTC, USDT, USDC||50 USD, EUR, GBP, AUD, BTC, LTC, USDT, USDC||50,000 USD, EUR, GBP, AUD, BTC, LTC, USDT, USDC||5 – 30 minutes|
|ANPOOL||USD, EUR, GBP, AUD, BTC, ETH, LTC, USDT||50 USD, EUR, GBP, AUD, BTC, ETH, LTC, USDT||50,000 USD, EUR, GBP, AUD, BTC, ETH, LTC, USDT||5 – 30 minutes|
|P2P||Deriv P2P||Any currency||0 USD||500 USD||1 hour|
How to fund a Deriv Account Step-by-Step
To deposit funds into your Deriv Account, you can follow these few steps:
- Ensure that your live account has been verified and approved by Deriv after completing the “Know Your Customer” (KYC) process.
- Log into your Deriv Account and select “Cashier” from the options.
- Click “deposit” and choose a deposit method carefully. When you withdraw, the initial deposit method will be used first before other options are considered.
- Enter the minimum amount that you would like to deposit according to the payment method that you have chosen.
- Choose a currency if the payment method allows for currencies other than USD.
- Follow any additional steps according to the payment provider to confirm and complete your deposit.
All traders are subject to KYC verification before depositing or withdrawing funds. The KYC process is part of the registration. It must be completed before a Deriv account can be approved and the minimum deposit made to start trading.
Traders must note that the deposit process will determine how long a deposit takes, ranging from an hour up to three days, depending. However, depending on the processing time of banks and payment providers, it could take longer.
Deriv prohibits all third-party payments as part of its Anti-money Laundering (AML) policies. Therefore, all funds must come from a source that reflects the trader’s name when registering a real account.
Furthermore, when traders make a Deriv minimum deposit, USD might be the default currency against which currency conversion rates might apply.
Deriv Security of Deposited Funds
Your funds are always available for withdrawal, and Deriv will never use them to further its commercial goals.
Your funds are maintained in separate accounts at reputable financial institutions. In the very unusual event that Deriv goes bankrupt, your money will be safe since it will never be combined with the broker’s money.
Deriv Deposit Problems Reviewed
While Deriv’s deposit methods and process are straightforward, traders might often experience problems. To help with any Deriv deposit problems, there is an active and dedicated community where clients can report issues they experience with deposits from administrators.
If traders experience a specific problem, they can use the search function at the top of the community page to search for keywords related to their issue. Then, they can log into the website and post a new issue on this page.
Alternatively, traders can click the “Menu” to adjust their feed filters and to choose from over 10 categories with different reported problems. Finally, all traders are urged to consult the “About” and “FAQ” sections to ensure they understand how the forum works and the rules.
How do you deposit into Deriv?
You can log into your Deriv real account and click on the “Cashier” option. You can choose to deposit and choose your payment method from the options. Enter a deposit amount and follow any further steps to confirm your deposit.
Where can I view steps on how to fund a Deriv Account?
Deriv has a comprehensive library with educational how-to videos that cover several topics, including how to fund your Deriv Account step-by-step.
How much do I need to start trading on Deriv?
You can register a trading account with 5 USD or an equivalent in ZAR or EUR.
Does Deriv provide a deposit bonus?
Deriv does not currently provide a deposit bonus when a real account is funded.
How long does a Deriv deposit take?
Deposits can take from an hour up to 3 days, depending on the payment method and internal processes of payment providers.