Where Can You Actually Open a Deriv Account? (Complete Country List)

You’ve heard about Deriv. Maybe you want to trade forex, options, or synthetic indices. However, the first question is whether Deriv even operates in your country.

Here’s the complete breakdown of where Deriv is available, where it’s restricted, and what alternatives exist if you’re in an unsupported region.

Countries Where Deriv Is Fully Available

Deriv operates in most countries globally. Moreover, they’re licensed in multiple jurisdictions to serve different regions.

Deriv is available in:

Europe:

• All EU member states (under MGA license)
• United Kingdom (limited products)
• Switzerland
• Norway
• Iceland
• Most Eastern European countries

Asia:

• Malaysia
• Singapore
• Thailand
• Vietnam
• Philippines
• Indonesia
• India
• Pakistan
• Bangladesh
• Most other Asian nations

Africa:

• South Africa
• Nigeria
• Kenya
• Ghana
• Uganda
• Tanzania
• Zambia
• Rwanda
• Most African nations

Middle East:

• UAE
• Saudi Arabia
• Qatar
• Kuwait
• Oman
• Jordan
• Lebanon
• Most Gulf states

Latin America:

• Brazil
• Mexico
• Argentina
• Chile
• Colombia
• Peru
• Most Central and South American countries

Oceania:

• New Zealand
• Fiji
• Papua New Guinea
• Pacific island nations

Therefore, if you’re in most parts of the world, Deriv likely serves your region. Additionally, they continue expanding into new markets regularly.

Check if Deriv is available in your country and open an account here.

Countries Where Deriv Is Restricted

Unfortunately, regulatory restrictions prevent Deriv from operating in certain jurisdictions. Moreover, these restrictions typically stem from local laws rather than Deriv’s choice.

Deriv is NOT available in:

North America:

• United States (all states)
• Canada (all provinces)

Oceania:

• Australia (due to ASIC regulations)

Europe:

• Belgium (binary options ban)
• Israel (local restrictions)

Other restrictions:

• Certain jurisdictions with specific financial regulations
• Countries under international sanctions

Consequently, if you’re in these regions, you’ll need alternative brokers.

Why These Restrictions Exist

It’s not personal—it’s regulatory.

United States: CFTC regulations make it extremely difficult for non-US brokers to operate. Therefore, Deriv (like most international brokers) doesn’t serve US residents.

Canada: Provincial regulations vary. However, strict requirements make it challenging for many brokers. Consequently, Deriv avoids regulatory complications.

Australia: ASIC implemented severe restrictions on CFD and binary options marketing. As a result, many brokers exited the market.

Belgium: Outright ban on binary options marketing to retail clients. Therefore, Deriv’s options products aren’t available.

Other regions: Some countries have unclear regulations or hostile environments for online brokers. Meanwhile, Deriv focuses on markets with clear regulatory frameworks.

Alternative for Restricted Countries: XM

If Deriv doesn’t serve your country, you need alternatives. Moreover, you want regulated, reliable brokers—not sketchy offshore operations.

XM is available in most restricted regions where Deriv isn’t:

Why XM works as alternative:

• Operates in 190+ countries
• Multiple regulatory licenses globally
• Serves US, Canada, and Australia
• Established since 2009
• Processes millions of trades monthly

What XM offers:

• Forex, commodities, indices, cryptocurrencies
• MT4 and MT5 platforms
• Competitive spreads and execution
• Multiple account types
• Educational resources and support

Important differences from Deriv:

• XM doesn’t offer synthetic indices (Deriv exclusive)
• No binary/digital options on XM
• Traditional forex/CFD broker model
• Different fee structures

Therefore, XM provides solid alternative for forex and commodity trading. However, you won’t get Deriv’s unique products.

If you’re in a restricted country, open an XM account here for access to global markets.

How to Check If Deriv Serves Your Country

Method 1: Try to register Visit Deriv’s website and start signup. Consequently, if your country appears in the dropdown, you’re good. However, if it doesn’t appear, you’re in a restricted region.

Method 2: Contact support Deriv’s customer support can confirm availability. Moreover, they’ll explain any specific restrictions for your jurisdiction.

Method 3: Check licensing information Deriv’s website lists their licenses and which entities serve which regions. Therefore, you can verify which legal entity covers your country.

Method 4: Use VPN to test? (Don’t) Some people consider VPNs to bypass restrictions. However, this violates terms of service. Additionally, you’ll face verification issues and potential account closure. Consequently, it’s not worth the risk.

What If You Travel or Move Countries?

Scenario 1: You have Deriv account, then move to restricted country

Contact Deriv support immediately. Moreover, they’ll explain your options—typically closing account and withdrawing funds. Therefore, don’t let funds sit in account you can’t legally access.

Scenario 2: You’re in restricted country temporarily

Wait until you return to allowed jurisdiction. Additionally, don’t try to open accounts from restricted locations even temporarily.

Scenario 3: You move from restricted to allowed country

Once you have proof of residence in allowed country, you can open Deriv account. Furthermore, verification requires current address proof. Therefore, wait until you have legitimate documentation.

Country-Specific Considerations

Different regions have different Deriv entities serving them. Consequently, available products and leverage vary.

EU residents: Served by Deriv (Europe) Ltd under MGA license. Additionally, ESMA restrictions apply (1:30 max leverage for retail). However, professional status can increase limits.

UK residents: Limited product availability due to FCA restrictions. Therefore, binary options aren’t available. However, forex and CFDs are accessible.

Asian residents: Generally fewer restrictions. Moreover, higher leverage often available (up to 1:1000 in some jurisdictions). Consequently, more trading flexibility.

African residents: Deriv (SVG) Ltd typically serves these markets. Additionally, full product range available including synthetic indices.

Middle East residents: Varies by country. However, most have full access to Deriv’s product suite. Furthermore, Islamic accounts available for Sharia compliance.

Therefore, check which Deriv entity serves your specific country. Moreover, this determines products, leverage, and regulations affecting your account.

What Products Are Available Where

Not all Deriv products are available in all jurisdictions. Consequently, your location affects what you can trade.

Generally available everywhere Deriv operates:

• Forex pairs
• Commodities (gold, silver, oil)
• Stock indices
• Cryptocurrencies
• Synthetic indices (Deriv exclusive)

Restricted in certain regions:

• Binary/digital options (banned in EU, Belgium, UK)
• High leverage (limited to 1:30 in EU)
• Certain CFD products (varies by regulator)

Therefore, even if Deriv is available in your country, specific products might be restricted. Additionally, this is regulatory requirement, not Deriv’s choice.

Tax Implications by Country

Tax treatment of trading profits varies dramatically by location. Moreover, this affects your actual returns.

Some countries: Treat trading as capital gains (lower tax rates). Consequently, you keep more profits.

Other countries: Tax trading income as regular income (higher rates). Therefore, tax burden increases significantly.

Tax-free jurisdictions: UAE, some Caribbean nations, and others have zero tax on trading. As a result, all profits are yours.

Complex systems: US, UK, and EU have detailed rules about wash sales, reporting requirements, and classification. Consequently, consult local tax professional.

Deriv’s role: They provide trading records. However, you’re responsible for tax compliance. Therefore, track all trades and report appropriately in your jurisdiction.

For guidance on tax-efficient trading strategies, visit how to start and http://thekingdomfunded.com for detailed breakdowns.

Verification Requirements by Region

KYC (Know Your Customer) requirements vary based on where you live. Moreover, stricter regions have more documentation needs.

Standard requirements everywhere:

• Government-issued ID (passport, driver’s license, national ID)
• Proof of address (utility bill, bank statement within 6 months)
• Sometimes additional documentation

Enhanced due diligence regions:

• EU residents face stricter verification
• High-risk jurisdictions require additional proof
• Large deposit/withdrawal amounts trigger extra checks

Verification timing: Most regions: 24-48 hours. However, some jurisdictions take longer. Therefore, submit documents early to avoid delays.

Tips for smooth verification:

• Clear, readable documents
• All corners visible
• No glare or shadows
• Recent dates (within 6 months for address proof)
• Names match exactly across all documents

Consequently, proper documentation prevents withdrawal delays later.

Future Expansion Plans

Deriv continues pursuing licenses in new jurisdictions. Therefore, restricted countries today might become available tomorrow.

Recently added:

• Several African nations
• Additional Asian markets
• New Middle Eastern countries

Potentially coming: Deriv actively works on expansion. However, regulatory timelines are unpredictable. Consequently, if your country is restricted now, check back periodically.

What helps expansion:

• Clear regulatory framework
• Stable political environment
• Sufficient market size
• Reasonable licensing costs

Therefore, countries improving their regulatory clarity often attract brokers like Deriv.

Making the Right Choice for Your Location

If Deriv is available in your country: Open your account here and access their full platform and products.

If Deriv is restricted in your country: Consider XM as reliable alternative for forex and commodity trading.

If you’re unsure: Contact support of both brokers. Moreover, they’ll clarify availability and any restrictions affecting you.

Final Thoughts on Broker Availability

Geographic restrictions are frustrating. However, they exist for regulatory compliance, not arbitrary decisions.

Deriv serves most of the world. Therefore, chances are good you can access their platforms. Additionally, where they don’t operate, quality alternatives like XM exist.

The key is using regulated, established brokers regardless of location. Consequently, avoid unregulated offshore operations even if they claim worldwide availability.

Your country determines which broker you can use legally. Moreover, working within these restrictions protects you from potential legal and financial complications.

Choose the right broker for your jurisdiction and start trading with proper protection.