Countries Supported by Deriv

Deriv is a leading online trading platform offering diverse financial instruments, including forex, stocks, commodities, synthetic indices, and cryptocurrencies.

However, it is important to note that Deriv’s services are unavailable in every country due to regulatory restrictions and varying legal frameworks.

In this post, Pipslegion aims to provide a comprehensive list of countries where Deriv operates and complies with local regulations.

The availability of Deriv’s trading services is subject to stringent vetting processes to ensure adherence to applicable laws and regulations governing the financial industry in each jurisdiction.

By offering this country-specific information, we aim to assist traders in determining whether they can access Deriv’s platform legally and securely from their respective locations.

It is crucial to verify this information before attempting to open an account or engage in trading activities with Deriv.

LIST OF COUNTRIES SUPPORTED BY DERIV BROKER

At the time of writing this post, Deriv, a prominent online trading platform, offers its services in the following countries, adhering to relevant regulations and legal frameworks:

South Africa, Nigeria, Botswana, India, Japan, Albania, Bangladesh, Argentina, Colombia, Germany, United Kingdom (UK), Mexico, Monaco, Costa Rica, Dominican Republic, Egypt, Ghana, Italy, Jamaica, Malaysia, Sri Lanka, Thailand, Turkey, Brazil, Chile, Cambodia, Kenya, Kuwait, China, New Zealand, Pakistan, Philippines, Spain, Sweden, Ukraine, Uruguay, Uzbekistan, Croatia, Cyprus, Czech Republic, Denmark, France, Greece, Hungary, and many others.

It is noteworthy that this list is subject to change as Deriv continuously expands its operations and complies with evolving regulatory frameworks across different jurisdictions.

Traders are advised to verify the availability of Deriv’s services in their respective countries before attempting to open an account or engage in trading activities.

IS DERIV LEGIT OR REGULATED IN KENYA?

Yes, Deriv is legit and regulated in Kenya.

Since Kenya is included in the list of countries where Deriv operates, it means that Kenyan residents can legally register and open a live trading account on the Deriv platform.

For Deriv to offer its services in Kenya, it must comply with the relevant financial regulations and legal frameworks governing the online trading industry in the country.

This likely involves obtaining the necessary licenses and adhering to strict guidelines set by the regulatory authorities in Kenya.

The fact that Kenyan residents can open live trading accounts with Deriv is a strong indication that the broker has met the required regulatory standards and has been authorized to operate within the Kenyan market.

This provides a level of assurance and legitimacy for Kenyan traders who choose to use Deriv’s platform for their online trading activities.

IN WHICH COUNTRIES IS DERIV RESTRICTED

Based on the information provided, Deriv is restricted from operating in the following countries:

Alderney, American Samoa, Belarus, Belgium, Canada, Cayman Islands, Cuba, Guam, Guernsey, Hong Kong, Iran, Isle of Man, Jersey, Jordan, Malta, Myanmar, North Korea, Northern Mariana Islands, Paraguay, Puerto Rico, Rwanda, Singapore, Syria, U.S. Outlying Islands, United Arab Emirates (UAE), United States Minor Outlying Islands, United States of America (USA), Vanuatu, and Virgin Islands, US.

These countries have been listed as jurisdictions where Deriv’s services are currently restricted or unavailable.

The reasons for these restrictions may vary, such as regulatory requirements, legal frameworks, or compliance issues specific to each country.

It’s important to note that this list is subject to change, as Deriv may obtain the necessary licenses or approvals to operate in some of these markets in the future, or new restrictions may be imposed in different countries.

IS DERIV LEGAL OR LEGIT IN INDIA?

Yes, Deriv is legal and legit in India.

For a reputable online trading platform like Deriv to offer its services in a country like India, it must comply with the relevant financial regulations and legal frameworks governing the online trading industry.

This typically involves rigorous vetting processes and adherence to strict guidelines set by regulatory authorities such as the Securities and Exchange Board of India (SEBI).

The fact that Indian residents can register and open live trading accounts with Deriv indicates that the broker has met the required regulatory standards and has been authorized to provide its services within the Indian jurisdiction.

This legitimacy assures Indian traders who choose to use Deriv’s platform for their online trading activities.

WHAT IS EU DERIV ACCOUNT?

The Images below will offer you a good perspective of the EU Deriv account and Non-EU account.

DERIV SVG MEANING

Deriv SVG stands for Deriv (SVG) LLC, which is the legal entity registered in Saint Vincent and the Grenadines.

Specifically:

1. SVG stands for Saint Vincent and the Grenadines, an island country in the Caribbean.

2. LLC means Limited Liability Company, which is a type of business structure.

3. Deriv (SVG) LLC is the name of the company, incorporated on February 12, 2019, with the company registration number 273 LLC 2020.

This means that Deriv has a legal entity, Deriv (SVG) LLC, registered and operating in Saint Vincent and the Grenadines.

Many online brokers and financial services companies establish legal entities in jurisdictions like Saint Vincent and the Grenadines for regulatory and operational purposes.

So in summary, Deriv SVG refers to the Deriv entity registered as a Limited Liability Company in the jurisdiction of Saint Vincent and the Grenadines.

IS DERIV ALLOWED OR REGULATED IN THE USA? OR CAN US CITIZENS USE DERIV?

No, unfortunately, US citizens cannot use Deriv’s services. Deriv is not currently allowed or regulated to operate in the United States.

Major online trading platforms like Deriv need to go through a rigorous process to obtain licenses and approvals from US regulatory bodies like the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

Without these, they are restricted from offering their services to US residents and citizens.

The list of countries provided earlier clearly mentioned the United States of America as a restricted jurisdiction for Deriv.

This means Deriv has not yet met the regulatory requirements to legally accept US-based clients on their platform.

For US traders, it’s important to stick to platforms and brokers that are properly licensed and regulated within the country.

Using unregulated or restricted services could lead to compliance issues and a lack of investor protection.

So in simple terms, as of now, US citizens cannot sign up or trade with Deriv. The broker will need to complete the US regulatory approval process before being able to legally onboard American clients in the future.

But for now, US residents have to explore other regulated online trading options available in their country.

IS DERIV ALLOWED IN CANADA?

No, unfortunately, Deriv is not currently allowed to operate in Canada.

The platform has not yet obtained the necessary licenses and regulatory approvals required by Canadian authorities like IIROC and the CSA.

When we look at the list of countries Deriv is restricted from, Canada is included. This means Canadian residents and citizens cannot legally sign up or trade with Deriv at the moment.

For online trading platforms, meeting strict regulatory compliance is crucial in each market they wish to enter. Until Deriv completes this process for Canada, the broker remains off-limits for Canadian traders.

Your best option as a Canadian trader would be to stick to brokers and platforms that are properly licensed and regulated within Canada itself.

This ensures you have access to regulated services with proper investor protections in place.

IS DERIV ALLOWED IN UAE?

Unfortunately, no – Deriv is not currently allowed to operate in the United Arab Emirates (UAE).

The UAE was specifically mentioned as one of the restricted countries where Deriv cannot offer its services.

For any online trading platform to legally accept clients from the UAE, they need proper licensing and approvals from local financial regulators like the Securities and Commodities Authority (SCA).

As of now, Deriv has not obtained these required permissions for the UAE market.

This means UAE residents cannot sign up or trade with Deriv at the moment. Doing so would go against the regulations in place.

As a trader based in the UAE, you should stick to brokers and platforms that are duly licensed and regulated within the UAE itself.

Until Deriv completes the licensing process, their services remain off-limits for UAE traders.