Are you looking for a trustworthy and innovative trading platform? Look no further than Deriv, a rebranded version of the renowned Binary.com. With over 20 years of experience and a strong reputation in the industry, Deriv offers a secure and user-friendly environment for both experienced and beginner traders.
This review delves into the unique features of Deriv, exploring its advantages and addressing any potential concerns you might have.
Why Choose Deriv?
- Legitimacy and Trust: Deriv is a legitimate and trusted platform, operating for over 20 years and earning multiple awards for its services. Its transformation from Binary.com further solidifies its reliability.
- Innovation and User-friendliness: Deriv boasts a unique and user-friendly DMT5 platform, designed for a seamless trading experience.
- Diverse Trading Options: Deriv offers a wide array of trading instruments, including forex, CFDs, and synthetics, to cater to different trading styles and preferences.
- Competitive Spreads and Fees: Enjoy competitive spreads and fees compared to other platforms, allowing you to maximize your trading profits.
- Focus on Client Satisfaction: Deriv prioritizes its clients' needs, providing excellent customer service and educational resources to support your trading journey.
What Is Deriv?
Deriv, previously known as Binary.com, stands out as an exceptional trading platform. Celebrating its 20th anniversary in 2020, Deriv introduced a tailored platform designed to meet specific trading needs. This new platform ensures a seamless trading experience at every stage.
The broker's platform is notably user-friendly, catering well to both novice and experienced traders. Its reputation as a market leader is rooted in delivering reliable and cutting-edge products globally. Offering access to major financial markets through multiple advanced platforms, Deriv covers a diverse range of financial instruments, including Forex, Options, Commodities, Indices, and Stocks.
Moreover, the platform features an expanded product range, each with its distinct trading advantages. Users have the flexibility to customize their trading experience by utilizing various charts and software after creating an account.
Importantly, opening an account requires no minimum deposit, making it accessible to everyone.
Regulation
A regulated platform offers reassurance and security, guaranteeing protection against fraud and ensuring the safety of your funds.
Deriv stands out as a multi-regulated platform, providing a comprehensive level of oversight. For more detailed information regarding its regulatory compliance, you can access the provided link.
Each regulatory body oversees and upholds the integrity and trustworthiness of operations within its respective region. It's a prudent approach to review the regulations governing any binary options trading platform before making a selection.
Our exploration of the platform began with a demo account. After a comprehensive analysis of the products and services offered, we made the decision to transition to a real account.
How To Open a Deriv Real Account
The process unfolds as follows:
- Currency Selection
- Providing detailed personal information including first name, last name, date of birth, and mobile number
- Inputting accurate address details matching those in your proof of address
- Thoroughly reading and consenting to the terms and conditions
- Instantly processing the deposit of a minimum amount of $5 to commence trading with preferred instruments.
Account verification is not mandatory unless contacted by the team via email. In the event verification is required, the team will furnish instructions on submitting the necessary valid documents.
Deriv Trading Platforms
Deriv offers a range of improved, individualized platforms, promising a rejuvenated trading experience that is both straightforward and adaptable. By consolidating various tools and features under one umbrella, the Deriv platform strives to streamline the trading process.
Below is an overview of the distinct characteristics of each platform:
DTrader: This user-friendly platform provides access to over 50 tradable assets across Forex, Synthetic Indices, Stock Indices, and Commodities. Customizable charts, technical indicators, and widgets aid in informed decision-making. DTrader offers various trade types and reporting features, allowing traders to monitor positions and transactions.
Deriv X: A customizable multi-asset platform that enables trading across multiple markets. With drag-and-drop widgets, intuitive tools, and numerous charts featuring over 90 indicators, traders can tailor their experience. It offers two account types: Synthetic for CFDs on synthetic indices and Financial for trading stocks, forex, basket indices, commodities, and crypto with high leverage.
Smart Trader Deriv: This in-house platform is renowned for its reliability and simplicity, ideal for digital options traders. It offers multiple trade types across various markets, enhancing functionality and trade options.
Deriv MT5 Platform: Geared towards expert traders, this platform grants access to the MT5 network, allowing trading across multiple asset classes. Offering leverage up to 1:1000 and comprehensive analytical tools, it caters to traders of all skill levels.
Deriv DBot (Build Your Customized Bot): An automated trading robot facilitating code-free bot creation. It offers pre-built strategies, zero building costs, and access to over 50 tradable assets. Traders can maximize profits and reduce losses using analytics tools and intelligent logic.
Deriv Go: This mobile trading app empowers traders to execute trades anytime, anywhere, providing access to forex, synthetic indices, and cryptocurrencies. With user-friendly features, 24/7 trading, and risk management tools, traders can potentially increase profits while minimizing risk.
Deriv EZ: Tailored for mobile traders, Deriv EZ allows CFD trading without the need for a full system. Offering over 100 trading instruments, returns up to 95%, a plethora of trading tools, and dedicated 24/7 customer support.
These diverse platforms cater to varying trader preferences and skill levels, each offering unique functionalities and benefits for a comprehensive trading experience.
Deriv Account Types & Features
There are three distinct types of accounts available for selection, each offering unique features and advantages. However, the availability of these accounts depends on your geographical location due to varying regulations and licensing in different regions such as the EU, Singapore, or South Africa.
The account types offered are:
Synthetic Account:
This account enables trading CFDs on Synthetic indices that replicate real-market movements. Notably, it allows for a maximum leverage of 1:1000 and permits trading throughout the week. Key features include:
- Leverage: 1:1000
- Margin call: 100%
- Stop out level: 50%
- Minimum deposit: $5
- Commissions: None
Financial Account:
The Financial account facilitates trading in majors and minors across forex, stocks, stock indices, commodities, basket indices, and cryptocurrencies. This account is suitable for traders of all levels, offering high-level leverage and adjustable margins. Features include:
- Leverage: 1:1000
- Margin call: 100%
- Stop out level: 50%
- Commissions: None
Financial STP Account:
The Financial STP account allows trading in popular currency pairs and cryptocurrencies through straight-through processing (STP) orders. It provides access to major, minor, and exotic currency pairs with tight spreads and a high trade volume. Notably, this account offers a 100% book account, enabling direct access to FX liquidity providers. Features include:
- Leverage: 1:1000
- Margin call: 100%
- Stop out level: 50%
- Commissions: None
- Number of Assets: 150+
Each account type caters to specific trading preferences, offering traders the flexibility and functionality they require based on their trading strategies and geographic location's regulatory framework.
Trading Instruments And Market
The Deriv platform offers a diverse range of over 100 trading instruments, each presenting distinct advantages and opportunities for traders.
Here's an overview of the different trading instruments and their unique benefits:
Margin Trading:
Margin trading is available on the MT5 platform, enabling the purchase of larger asset units. Digital and call/put spread options are accessible on DTrader, SmartTrader, Deriv X, and DBot. DTrader exclusively offers multiplier trading.
Forex:
The platform provides access to the vast forex market, offering popular forex pairs with benefits including high leverage, tight spreads, and advantageous chart widgets.
Synthetic Indices:
Deriv introduces Synthetic indices, a unique trading market offering a secure and distinctive trading experience. It operates 24/7, free from regular market hours, global events, or market risks, providing users with a resilient trading environment.
Stock Indices:
Trade broad markets without owning the underlying assets through stock indices, allowing trading outside standard market hours. Benefits include minimal capital requirements, limited risk, and extended trading time.
Cryptocurrency:
Participate in the highly liquid cryptocurrency market with 24/7 trading, leveraging benefits like 1:1000 leverage, tight spreads across 25+ crypto pairs, and zero commissions.
Commodities:
Trade in precious metals like gold, silver, oil, etc., capitalizing on market fluctuations. The advantages include competitive spreads, commission-free trading, advanced charting tools, and a user-friendly dashboard.
Basket Indices:
Engage in trading favorite currencies against a basket of major currencies to benefit from reduced risk and volatility. Features include weighted currencies, high leverage, tight spreads, and advanced charting tools.
Each trading instrument offers a distinctive set of advantages and opportunities, catering to diverse trading preferences and strategies. Traders can explore these instruments to diversify their portfolios and capitalize on different market conditions.
Spread, Commission & Leverage
Deriv offers traders the advantage of tight spreads and nominal fees, contributing to a positive reputation among traders for its competitive spread. It's important to note that inactive accounts might face penalties after a year.
Traders on Deriv have the potential to leverage up to 1:1000, allowing them to initiate substantial positions with minimal capital. Nevertheless, it's essential to recognize that margin limits and leverage ratios can differ based on both the account type and the trader's location.
Deriv Deposit And Withdrawal
Deriv offers traders a variety of funding methods, such as wire transfers, credit/debit cards, e-wallets, and cryptocurrencies. Deposits and withdrawals typically take one business day, except for bank or money transfer services, which might take longer.
The minimum deposit on Deriv starts at $5, but this amount may vary depending on the payment method used. Notably, there is no minimum deposit requirement for cryptocurrency transactions.
Here's a breakdown of minimum deposit amounts and processing times for different payment methods:
- Bank Wire Transfer: Minimum deposit begins at $5, taking 1 or 2 business days.
- Credit/Debit Card: The minimum deposit amount is $10, with instant processing for deposits, while withdrawals take a business day.
- E-wallets (Skrill, Neteller, PaySafe, Fasapay, WebMoney): Accessible with varying minimum funding amounts.
- Cryptocurrency: No minimum deposit requirement.
Customer Support
Each funding method may have different minimum amounts and processing times, providing traders with flexibility in managing their accounts based on their preferred payment options.
Deriv's customer service operates around the clock, offering assistance with trading queries and technical issues. Accessing the support page is recommended as the quickest way to find answers to your questions.
Alternatively, you can reach out to Deriv's international support desk via phone or communicate with them by sending an email.
Conclusion
In summary, we've highlighted the crucial aspects in this review. Don't hesitate any longer—seize the opportunity to open a Deriv account today and begin trading confidently.
The registration process is fast and straightforward, granting you access to an array of tools and resources essential for success. Embrace this chance to steer your financial future in the right direction—register now and take charge!
FAQ's
What deposit/withdrawal methods are available on Deriv?
Deriv offers various deposit and withdrawal methods including bank transfers, credit and debit cards, e-wallets, and cryptocurrencies such as Bitcoin. The processing times for deposits and withdrawals may vary depending on the chosen payment method.
Are there any fees associated with using Deriv's services?
Deriv provides competitive spreads and does not charge transaction fees. However, inactive account maintenance may incur penalties after a certain period.
How can I contact Deriv's customer service?
You can access Deriv's support page to find answers to common inquiries. Additionally, you can directly contact Deriv's international support team via phone or email.
