HomeDeriv Review

Deriv Review

Company overview

Deriv.com is a well-known digital and CFDs broker that works in correlation with Binary.com. The company predominantly offers digital options, CFDs, as well as FX on several platforms, including the industry-standard MetaTrader software via its DMT5. They also give clients access to a web-based platform (DTrader), which draws similarities to cTrader. Deriv allows traders to also access DBot, which is an automated trading bot. In this review, we will look to explore all the main offerings of this broker.

Account Options and Regulations 

Account Options

Broer type Market Maker
Minimum Deposit $5
Maximum leverage 1:1000
Minimum lot size 0.1
Swap free accounts Coming soon
Mobile Trading Coming soon
Demo account provided Yes
Education provided Yes
Languages covered English, French, Spanish, Chinese, Russian, Portuguese, Polish, Italian, Indonesian, Thai, Vietnamese.
ESMA restrictions Yes

 

Regulation

FCA No
ASIC No
NFA No
CySec No
Malta Yes
CIMA Yes
Seychelles No
Labuan Yes
Vanuatu Yes
FCM No
RFED No
CFTC No
JFSA No
IIROC No

 

Deriv.com Features 

Deriv.com ranks high in terms of the trading features it offers. The broker’s site is easy to navigate and relatively informative on the services they provide, here is what else we found out.

Deposits and Withdrawal Process 

According to its website, Deriv does not use clients’ money for its business interests and you are allowed to withdraw your money at any time. All your money is segregated and held in secure and licensed financial institutions. In this way, in the unlikely event of Deriv becoming insolvent, all your money will be returned to you because it is never merged with ours.

In regards to deposits, they offer their clients several methods of funding their account.

Bank Wire

Debit/Credit cards

Platforms and Tools

DMT5

Deriv’s MT5 has over 100 tradable assets and is currently used by over 300,000 clients, according to the company’s website. MT5 is the latest version of the Metaquotes software and is a step up from the well-renowned MT4.  They also state that “Deriv brings the MT5 experience to a superior level for both new and experienced traders on our platform, with exclusive access to innovative trade types”.

The platform is easy to navigate and comes with numerous technical indicators and charting types, that enable traders to fully analyse markets, in search of tradable opportunities. Traders are also able to customize their workstations and charts, but also select one of over 20 languages for the operations of the software.

DTrader

Similar to the DMT5, the DTrader allows personalisation of the charts and platform, whilst offering traders an easy-to-use interface. The platform can be used by both new and experienced traders and comes with 50+ tradable assets.

DTrader has a minimum stake size of $0.35 and provides its traders with a flexible trade duration that lasts in-between 1 second and 365 days. Their website also states that there could be up to 200% Potential payouts, for successful traders. As stated on its website, DTrader will potentially enable clients to “Make smarter trading decisions” through its innovative technology.

DBot

Deriv also offers an automated trading solution known as the DBot platform, this enables users to set-up their own robot, and allow for algorithmic trading. The DBot platform is an easy-to-use program, which can be used to easily build an automated strategy in a few simple steps. Users of this will also have the ability to trade over 50 instruments using the system.

For newer traders who do not want to build their own system, the platform also offers three ready-made strategies that traders can use while becoming comfortable with the system.

Available Markets 

Deriv provides its clients with access to four main asset classes. These are as follows.

  1. Forex – There are over 50 FX pairs on the various platforms, these include not just majors like GBPUSD, but also minor and exotic pairs.
  2. Indices (stocks) – Traders are able to trade some of the biggest index markets around the world, such as the DAX 30 in Germany.
  3. Indices (Synthetic) – The synthetic indices are similar to the futures markets, and can be traded around the clock, even when the actual markets are closed.
  4. Commodities – The platform also provides access to commodities like Gold, Platinum and Oil.

Is Deriv.com safe for trading?  

According to their website, Deriv.com is regulated in several jurisdictions, the platform’s offering appears to be comprehensive, and the product selection is decent, many are still cautious about the binary industry, however, if their website is anything to go by, they appear to be safer than others in this space.

Our Final Thoughts  

All in all, Deriv.com is a good starting point into the world of online digital and CFD trading. It has a user-friendly platform and is regulated by several agencies.  The broker offers novice and intermediate traders a host of material like DBot and DMT5 which are competitive trading platforms. They seem to be well suited for experienced traders who want extra signals, functionalities and tools, but also newer traders.

How to open an account with Deriv.com  

Opening an account with Deriv is easy and takes less than 5 minutes. As part of the process, traders are able to sign up via their Google or Facebook accounts. There is a free demo account to test out the platform.

To open an account – visit their website here.

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