Deriv Review
- Deriv is behind one of the oldest binary broker in the industry – Binary.com. (a company with almost 20 years of experience)
- Deriv is licensed and regulated by several entities
- Low minimum deposit and trade amounts
- All your money is segregated and held in secure and licensed financial institutions
- Deposits and withdrawals are absolutely free
- The Deriv support team is available 24/7
- Platforms: MT5, DTrader, DBot, SmartTrader
Point Summary
Introduction
Deriv is a new binary options broker launched in 2020 by the team behind one of the oldest binary broker in the industry – Binary.com. (a company with almost 20 years of experience). As a broker that is regulated in multiple jurisdictions, Deriv is very upfront about its legal status and the companies that stand behind it.
Deriv.com offers trading of various financial products, including forex options, CFD spreads, and binary options. Flexibility and user-experience of the platform are enhanced due to the integration of the MT5 trading platform. It is no secret that MT5 allows individual traders to configure the platform as per specific trading preferences. Users can access multiple trading windows, and set up trading charts and areas according to flexible parameters.
Along with the latest MT5 trading platform, Deriv also offers a web-based trading platform named DTrader, an automated trading system called DBot, and an in-house tool SmartTrader to enhance the user experience.
Deriv.com may be suitable for both types of traders, those who prefer to base their trades upon technical analysis as well as those who wish to use automatic trading robots for their trades.
If you are familiar with binary options trading websites, will certainly surprise you with its depth and range of tools offered for taking informed and well-calculated trades. Deriv stands head and shoulders above your generic binary broker.
For the traders in the European Union, their financial products are offered by Binary Investments (Europe) Ltd, an entity registered in Malta and regulated as a Category 3 Investment Services provider by the Malta Financial Services Authority. Obviously, only CFD and leveraged spot Forex products are offered to the EU traders as binary options aren’t legal in the EU countries.
Outside of the European Union, binary options are offered through Binary (SVG) LLC based in St Vincent and the Grenadines and also through Binary (V) Ltd based in Vanuatu (regulated by the Vanuatu Financial Services Commission), through Binary (BVI) Ltd located in British Virgin Islands (regulated by the British Virgin Islands Financial Services Commission), and through Binary (FX) Ltd, based in Labuan, Malaysia, and regulated by the Labuan Financial Services Authority.
Deriv doesn’t accept traders from the USA, Canada, and Hong Kong, or to persons below 18.
Is Deriv safe or a scam
Deriv.com is a trustworthy broker that’s regulated in multiple jurisdictions. After checking their claims and confirming them to be true, we can say that this broker is licensed in multiple regions.
It is regulated by:
- Malta Financial Services Authority (licence no. IS/70156).
- The Vanuatu Financial Services Commission (view licence)
- The British Virgin Islands Financial Services Commission (licence no. SIBA/L/18/1114).
- The Malaysia’s Labuan Financial Services Authority (licence no. MB/18/0024)
Beside that, Customers can benefit from negative balance protection, so traders never lose more than the funds in their account. They will adjust the balance to zero, at no cost to you. Note, the amount covered under financial services compensation schemes varies between regulators and jurisdictions.
How are you protected?
Accounts
Deriv has three live account types. Each account offers differing kind of trading, that range from binaries to CFDs.
- Financial account (Standard)
- Financial STP account
- Synthetic account
The Financial account (Standard) offers both new and experienced traders the ability to trade commodities, cryptocurrencies, major (standard and micro-lots), and minor currency pairs with high leverage. With this account, traders have high leverage, and variable spreads for maximum flexibility.
The Financial STP account allows you to trade major, minor, and exotic currency pairs with tight spreads and higher trade volumes. It is a 100% A Book account where traders’ trades are passed straight through to the market. This gives traders direct access to forex liquidity providers.
The Synthetic account is available for trading 24 hours a day and 7 days a week. This account is audited for fairness by an independent third party and allows traders to trade contracts for difference (CFDs) on synthetic indices.
| ACCOUNT TYPE: | Synthetic | Financial | Financial STP |
|---|---|---|---|
| LEVERAGE: | Up to 1:1000 | Up to 1:1000 | Up to 1:1000 |
| MARGIN CALL: | 100% | 150% | 150% |
| STOP OUT LEVEL: | 50% | 75% | 75% |
| ASSETS: | 10+ | 50+ | 50+ |
| Minimum Deposit | - | $5 | - |
| Minimum Position | - | 0.01 lot | - |
| Spread | - | Fixed | - |
Demo Account
Demo accounts are intended to enable you to familiarise yourself with the tools and features of our trading platforms. Success or failure in simulated trading bears no relation to probable future results with any live trading that you may choose to engage in.
You can get this free demo in any type of platform Deriv offers and is easy to access. The demo account requires only your email and you will be directed right away to the demo account. This demo account has $10,000 virtual funds with it.
How to open Demo account at Deriv
It is very easy and fast to create an account with Deriv. All you need is a working email that is active and can register right away. If you have a Binary.com account, you can use your Binary.com account credentials as well in order to log in with Deriv.
Click here to open the register form as below
After fill in your email, clcik "Create demo account", It will show the notification like below
Now go to your email to verify and start trading
When a user sign-ups at Deriv.com, you have the option to trade on DBot, DTrader, or SmartTrader trading platforms. This is the standard account type offered at Deriv and is flexible in terms of the availability of trading platforms. Similarly, there is another class of accounts related to the MetaTrader 5 trading platform. Traders who wish to trade on the MT5 platform may choose one of the three available account types: 1) Synthetic, 2) Financial, or 3) Financial STP.
How to open Live account at Deriv
After following all the step of Opening Demo account, Click "Deposit" at the top right coner
Click "Create my real account" button, It show the form like below. You can open your account in fiat money or cryptocurrencies.
Users are then asked for personal information, Fill in all the info. Then users are asked to agree to certain terms and conditions before the broker starts to process the application as shown below:
How long does my demo account last for?
No expire for Demo account, it means your Deriv demo account will remain there unless you close it
Products
Deriv also offers more than 100 tradable assets, including forex, stock indices, synthetic indices, and all the popular commodities.Options and multipliers are available at Deriv.com
- Options trading allows for payouts from predicting market movements, without needing to buy an underlying asset. Trade digital options and lookbacks on synthetic indices.
- Multipliers allow you to trade on leverage while limiting downside risk to your investment. You can maximise your potential profit by several multiples of any market movement without risking more than your initial investment.
Below is a list of just some of the markets available for trading:
| Forex | 48 FX currency pairs, including majors, minors and exotics | AUD/JPY, AUD/USD, GBP/CHF, USD/NOK, AUD/SGD, CHF/JPY, etc |
| Synthetic indices | Based on a secure random generator, synthetic indices replicate real-world market conditions and are available 24/7 delivering consistent volatility | Volatility 10 (1s) Index, Boom 1000 Index, Step Index, Range Break 100 Index, Range Break 200 Index, etc |
| Stock indices | Speculate on price movements across the largest US, Asian and European stock indices | German Index, US Index, US Tech Index, Australian Index, UK Index, etc |
| Commodities | Precious metals, such as gold and silver, plus energies like oil are available | Gold/USD, Palladium/USD, Silver/USD, Oil/USD, Platinum/USD, etc |
Somehow, remember that different instrument offers different services. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
* Details regarding the available assets are taken from the Deriv website and are correct at the time of this review.
Trading Platforms
Deriv has 4 types of trading platforms that have been improved by the company for a better trading experience.
Trading Platforms of Deriv:
- DTrader
- DBot
- DMT5
- SmartTrader
One of the exciting features of trading with Deriv.com is the availability and flexibility of using a range of trading platforms, to suit individual preferences and needs. These platforms are briefly discussed below.
DTrader
DTrader is a web-based trading platform that allows trading in over 50 financial assets, including digital, multiples, and lookback options of forex, commodities, synthetic indices, and stock indices. This advanced trading platform offers three different types of contracts, which are Digits, Ups/ Downs, and Highs/ Lows. The charting capability of this platform is advance and has good technical indicators. You can customize it according to your preference. The duration option is very flexible running between 1 second up to 365 days / 1 year.
It is a powerful platform, yet user-friendly, a minimum stake at $0.35, and a potential payout also exceed 200%.
How to make a trade at DTrader
- Select an asset
- Monitor the chart
- Place a trade
DBot
DBot is a web-based automatic trading system that allows trading in digital options, Automate your trading ideas without writing code Traders can program the trading bot according to their individual preferences. Under the block menu, traders have the option to choose desired blocks for trading.
It has 3 pre-built strategies, over 50 assets to unleash your bot, and has zero cost to build. Use analysis tools, indicators, and smart logic such as take-profit and stop-loss to maximise your profits and limit losses.
DBot is easy to use and very convenient. It also has a tracker that notifies you about how your bot is performing with each trades executed. These notifications are sent via Telegram. You can build your own trading robot fast and easy.
How to build Build a trading robot of DBot?
Build a trading robot in 5 easy steps
1. Select your asset
2. Set purchase conditions
3. Set restart conditions
4. Run bot
5. Check profit
DMT5
DMT5 (based upon MetaTrader 5) is one of the most trading platforms in recent years. MT5 is a third-party trading platform that has over 70 assets with a maximum leverage of 1:1000. The maximum lot sit is 30 and the charting capability of this platform is advanced and professional
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.
You can use DMT5 on mobile
SmartTrader
SmartTrader platform is built in-house by Deriv.com and is preferable because of its reliable user experience and ease of conducting the trading business.
The SmartTrader is also a platform for trading digital options. The advantage is here that you get more functions and options for opening a trade. The order mask is directly in front of you and gives you the best execution. .
How to make a trade at SmartTrader
3. Select the expiry time or duration.
4. Predict the direction and purchase
Which trading platform is better for you?
Most seasoned traders will tell you that all they really want from a trading platform is something that is reliable and easy to use, intuitive, and doesn’t crash. Each platform is unique and has its own pros and cons, so it is best to understand what you want in a forex account, and platform before you get started.
Deposits and Withdrawals
Deriv offers its clients several payment method options to use in depositing and withdrawing funds as below:
- Credit/debit cards
- Bank wire
- E-wallets
- Cryptocurrencies.
The payment process in trading is very important to every trader. This makes total sense due to the fact that trading involves and revolves in money aside stocks and assets, etc. Deriv made sure that their clients will have no hassle and have many options in processing their payments. The payment methods include bank wire, credit/debit cards, e-wallets, and cryptocurrencies.
What is the minimum Deposit/Withdrawal amount at Deriv?
Similar to Binary.com, the minimum deposit for real trading at Deriv.com is $10 only for Debit/ Credit Card payments, while $5 for E-wallets. Similarly, a minimum deposit for bank wire transfer may range from $5 to $500, depending upon the specific method. However, there is no minimum deposit for cryptocurrencies’ payment method.
Here are further details about using bank wire as a payment method:
| METHOD: | BANK TRANSFER | PAYTRUST | HELP2PAY | DRAGON PHOENIX | ZINGPAY | dragonpay | Nganluong |
|---|---|---|---|---|---|---|---|
| MIN. – MAX. DEPOSIT | 500 – 100,000 | 25 – 10,000 | 5 – 10,000 | 10 – 10,000 | 10 – 10,000 | 50-4,500 | 10-4,000 |
| MIN. – MAX. WITHDRAWAL | 500 – 100,000 | N/A | 5 – 10,000 | 10 – 10,000 | 10 – 10,000 | 55-2,500 | 10-4,000 |
| CURRENCIES | USD EUR GBP AUD | USD | USD | USD EUR GBP AUD | USD EUR GBP AUD | USD | USD |
For Debit/Credit cards:
| METHOD: | VISA | MASTERCARD | MAESTRO | Diners Club International |
|---|---|---|---|---|
| MIN. – MAX. DEPOSIT | 10 – 10,000 | 10 – 10,000 | 10 – 10,000 | 10 – 10,000 |
| MIN. – MAX. WITHDRAWAL | 10 – 10,000 | 10 – 10,000 | 10 – 10,000 | 10 – 10,000 |
| CURRENCIES | USD GBP EUR AUD | USD GBP EUR AUD | USD GBP EUR AUD | USD GBP EUR AUD |
Note: Mastercard and Maestro withdrawals with Deriv are only available for UK Clients.
For E-Wallets
| METHOD: | FASAPAY | PERFECT MONEY | SKRILL | NETELLER | WEBMONEY | QIWI | PAYSAFEcard | STICPAY |
|---|---|---|---|---|---|---|---|---|
| MIN. – MAX.
DEPOSIT |
5 – 10,000 | 5 – 10,000 | 10 – 10,000 | 5 – 10,000 | 5 – 10,000 | 5 – 200 (USD)
5 – 150 (EUR) |
5 – 1,000 | 5 – 10,000 |
| MIN. – MAX.
WITHDRAWAL |
5 – 10,000 | 5 – 10,000 | 5 – 10,000 | 5 – 10,000 | 5 – 10,000 | 5 – 180 (USD)
5 – 150 (EUR) |
5 – 750 | 5 – 10,000 |
| CURRENCIES | USD | USD EUR | USD GBP EUR AUD | USD GBP EUR AUD | USD EUR | USD EUR | USD GBP EUR AUD | USD GBP EUR |
For Cryptocurrencies:
| METHOD: | BITCOIN | ETHEREUM | LITECOIN | TETHER |
|---|---|---|---|---|
| MIN. DEPOSIT | No minimum | No minimum | No minimum | No minimum |
| MIN. WITHDRAWAL | 0.0028 | 0.024 | 0.12 | 25 |
| CURRENCIES | BTC | ETH | LTC | UST |
Note: the minimum amount for withdrawal using cryptocurrencies will vary depending on the latest exchange rates and the figures presented above have been rounded.
How long does a Deposit/Withdraw take?
All your deposits and withdrawals are usually processed within one working day, however, it depends still on which payment channel you chose to use.
| Payment Method: | Bank wire | Credit/debit cards | E-wallets | Cryptocurrencies |
| Deposit processing time | Instant, 1 working day | Instant | Instant | 3 blockchain confirmations |
| Withdrawal processing time | 1-3 working day | 1 working day | 1 working day | 1 working day + 3 blockchain confirmations |
For all payment methods above, fees depend on what type of payment method chosen. Your bank may require a fee for money transfer service.
Commissions and Fees
The minimum deposit for Deriv traders os €/£/$ 5. However, the deposit amount depends on what type of payment method you’d like to use. Also, Deriv charges a inactivity fee, Where no activity has occurred on your account(s) for a period of 12 months or more, your account(s) will be deemed inactive. However, this inactivity fee doesn’t apply if the client is under self-exclusion (their own choice or as a decision by the Company).
- The minimum deposit is €/£/$ 5
- Trading commissions starting 0,015% for FX CFD
- Charge inactivity fee after 12 month (25$ fee)
Bonuses and Promotions
At the time of this Deriv review, they did not offer any bonuses or promotions. But this could change over time.
Customer Support
Support and services:
- Professional customer support
- Operations: weekdays 24hrs/ weekends 8:00 AM – 5:00 PM (GMT +8)
- Phone : +44 1942 316229.
- Email : [email protected].
- FAQs/Help Centre
For more specific queries and questions related to the trading platform or the trading itself, clients have the option to get in touch with Deriv’s support staff via the livechat. I connected to the agent so easy, they answer quite quickly.
If you are not in a hurry to get your queries answered, you may write to the firm’s support staff at [email protected].
You can expect professional customer support agents ready to assist you with Deriv. The phone customer support (international help desk)
Research Education
At the time of this Deriv review, they did not offer any educational resource on their site.
Conclusion
Deriv is a new and rebranded version of the Binary Trading platform which has been in existence for 20 years now.
Deriv is a regulated broker that follows standard operating procedures and offers a navigable trading platform. The web and the mobile trading platform allows traders to enjoy seamless trading experience. The platforms are simple, user-friendly, yet competitive.
It offers the ability to trade and choose over 100 assets that include Forex, stocks, commodities, and indices. Also, it offers a good deal of binary options. The leverage of this broker is generous which is up to 1:1000.
Market analysis, technical support, trading tools, and customizable bots area available. Traders with any level of experience can take advantage of the tight spread and low fees and super-fast platform to explore the market.
The Deriv support team is available 24/7 – even on weekends. They are friendly and easy to connect to the agent.
Based on the information provided above, it is safe to say that Deriv.com has all the essential ingredients to make it one of the most desirable trading platform for both newbies and professional traders.
Yet, we would be glad to know your personal opinion about Deriv, you may share your experience in the comment area below, or ask us for some additional information if required.
