Deribit Review

Deribit Logo

Deribit is a global trading broker that was launched in 2016 in the Republic of Panama and offers futures, options, and cryptocurrencies for trading online through an intuitive trading platform. They give traders access to a range of proprietary technology, including the matching engine, risk metrics, portfolio margin, and more. Traders get to benefit from educational resources and a client support team. There is a live trading account option with a minimum required deposit of $1 and a leverage of up to 1:100.

Deribit Review Introduction

In this Deribit review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.

You may also wish to view my best brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my broker reviews. You can also use my free trading tool to compare brokers including Deribit.

Deribit Platforms & Tools

Deribit provides traders with its proprietary trading platform that allows them to access their accounts and trade the offered products. The platform creates a liquid marketplace with the same standards as a traditional derivatives market. All cryptocurrency derivative contracts, such as futures, options, and perpetual swaps, can be traded on the platform.

Deribit Review Trading Platform
Deribit Review Trading Platform

The Deribit trading platform has a mobile app that is designed for Android and iOS devices. It can be downloaded from the relevant app stores and used to check trade positions and also place trades. The Exchange also provides traders with a range of trading tools that are built in-house to ensure traders enjoy a hitch-free trading process. These include the matching engine, risk metrics, portfolio margining, charts, and API.

Deribit Review Charts
Deribit Review Charts

Deribit Research & Education

Deribit provides traders with a selection of educational materials, such as the Trading Blog that contains a range of educational articles and an FAQ section that gives instant answers to the common questions traders may have. There are also trading videos and an Information section.

Deribit Review Training Videos
Deribit Review Training Videos

Deribit Trading Accounts

The broker allows traders to create one live trading account, but there is also a demo account that comes preloaded with virtual funds, which beginner traders can use to test the broker’s platforms and acquaint themselves with the various trading strategies before opening a live trading account.

Deribit Account Funding

Deposits and withdrawals at Deribit are processed using Bitcoin. The transactions are processed instantly, and there are no fees charged on deposits.

Deribit Customer Service

The Exchange’s customer support team is available 24/7 to assist traders with any help they might need, and they can be reached through email and social media.

Deribit Regulation

Deribit is operated by DRB Panama Inc., a corporation incorporated under the laws of Panama, registered at the (Mercantile) Record No. 155684990, Panama City, Republic of Panama. Deribit is not regulated by any known financial authority, and experienced traders don’t like to trade with unregulated brokers because they cannot easily be trusted.

Deribit Review Summary

Overall, Deribit is a futures, options, and cryptocurrency trading platform that gives millions of traders from around the world access to trade the offered financial instruments via an intuitive trading platform that is also available as a mobile app. Traders benefit from some trading tools, educational materials, and a multilingual customer support team. However, the broker is not regulated by any financial regulatory authority at the moment, which can be a deterrent to most traders who would want to trade with them.

It is worth mentioning that some of the trading products and services in this Deribit review may differ or not be available to traders in some countries due to regulations. As broker’s terms can change over time, please verify all information is up to date directly from the Deribit broker website which you can visit by using the link below.

Trading in Deribit’s products entails high financial risk and that there is additional counter-party risk because its products are derivative contracts. You should carefully assess whether your financial situation and tolerance for risk are suitable for buying, selling, or trading cryptocurrency. You may lose all of your funds in your account.

Deribit

5.6

Spreads

7.0/10

Liquidity

7.0/10

Commissions

7.0/10

Support

7.0/10

Regulation

0.0/10

Features

  • A proprietary trading platform
  • Multiple trading instruments
  • A selection of educational resources
  • A range of trading tools