Deriv Review

Deriv Review

Min deposit: $5
0

Reviews

Company Name
Deriv LTD.
Rating
Headquarters
Malaysia
US Traders Accepted
no
Out-of-Money Reward
Depends on amount
Commission
https://deriv.com/partners/affiliate-ib/
Bonus Size
Not fixed
Deposit Currencies
USD, EUR, GBP, AUD
Trading Platform
DerivX, Deriv EZ, SmartTrader, DerivGo, DBot, Bbot
Minimum Trade
Depends
Maximum Trade
Depends
Trading Instruments

Deriv offers a diverse range of trading instruments, including stocks indices, synthetic indices, volatility indices, currencies, commodities, and randomized instruments.

Number of Trading Instruments
170
Online Since
2020
Trading Options
https://deriv.com/trade-types/options/digital-options/up-and-down/
Customer Support Types
Livechat, whatsapp and email
Languages
English, Spanish, French, Urdu, Indonesian, Hindi, etc
Tools Offered
MetaTrader 5, self exclusion (set limits on your own trading activities), pricing tables, flexible expiry times, early close.
Demo Account
Yes
Risk warning:
Deriv offers complex derivatives, such as options and contracts for difference (“CFDs”). These products may not be suitable for all clients, and trading them puts you at risk. Please make sure that you understand the following risks before trading Deriv products: a) you may lose some or all of the money you invest in the trade, b) if your trade involves currency conversion, exchange rates will affect your profit and loss. You should never trade with borrowed money or with money that you cannot afford to lose.
Description

Deriv Review

Deriv offers complex derivatives, such as options and contracts for difference (“CFDs”). These products may not be suitable for all clients, and trading them puts you at risk. Please make sure that you understand the following risks before trading Deriv products: a) you may lose some or all of the money you invest in the trade, b) if your trade involves currency conversion, exchange rates will affect your profit and loss. You should never trade with borrowed money or with money that you cannot afford to lose.

Before trading in the complex products offered, please be sure to understand the risks involved.

Deriv does not provide its services in certain countries, commonly referred to as “Restricted Countries.” These include but are not limited to Alderney, Belarus, Canada, the Cayman Islands, Guernsey, Hong Kong, Israel, Jersey, Jordan, Malaysia, Malta, Rwanda, Paraguay, Singapore, the United Arab Emirates, the United States of America, or any nation designated by the Financial Action Task Force (FATF) as having strategic deficiencies.

Clarity and Transparency in Deriv's Regulatory Status

Deriv, as a regulated broker in multiple jurisdictions, prioritizes clarity and transparency in its legal standing. The company provides straightforward information about its authorization by Malaysia (regulated by the Labuan Financial Services Authority) and licenses on its website, without any deceptive practices. Traders in the European Union are offered financial products registered entity in Malta, regulated by the Malta Financial Services Authority as a Category 3 Investment Services provider. EU traders have access to CFD and leveraged spot Forex products.

 

Payment Options

Deriv offers convenient and flexible account features without any transfer fees and a low minimum account size of $5.

Account Types:

Deriv provides the option to choose between a live trading account or a demo account.
The demo account allows for unlimited practice without any time constraints, enabling traders to gain confidence before trading with real money.

Diverse Trading Opportunities and Tools at Deriv

Diverse Trading Opportunities:

  • Deriv caters to traders with different balances and trading preferences, accommodating both small and large balances, starting from $5 and going up to $100,000 or more.
  • The platform supports micro-trades as low as $1, as well as larger deals up to $350,000 for those feeling confident.
  • Unlike many binary brokers, Deriv offers a wide range of expiration times, allowing for trades lasting from minutes and hours to days, weeks, or even months, providing options for both short-term and long-term traders.

Expansive Range of Assets and Trade Types:

  • With approximately 170 assets available, including stock, indices, synthetic indices, volatility indices, currencies, commodities, and randomized instruments, traders have a wide variety of trading instruments to choose from.
  • Trade types offered by Deriv include Rise/Fall, Touch/No Touch, Higher/Lower, Tick Trades, In/Out, Digit Difference, Odd/Even, and Multiplier. These options provide flexibility and diverse trading strategies.
  • Certain trade types, like Multiplier, offer the potential for exceptionally high payouts of up to 1,000%.

Trading Tools and Platforms:

  • Deriv provides MetaTrader 5 for advanced charting, custom indicators, and expert advisors, allowing traders to utilize powerful technical analysis tools.
  • The proprietary DBots feature enables traders to automate their trading systems without requiring coding knowledge, providing a convenient and efficient way to execute trades.

Educational Resources:

  • While Deriv's website offers a small help center explaining the basics of trading and introducing the trading platforms, it does not provide an extensive range of educational materials.

MetaTrader 5

With MT5, you can trade currencies, crypto, and volatility indexes, while analyzing charts using your preferred MetaTrader indicators or auto-trade in full hands-off mode using your favorite robots. The big advantage of volatility indices is that, like cryptocurrency pairs, they are open for trading every day of the week, 24 hours a day, so you can trade them even the Forex market is closed on weekends.

DTrader

Deriv launched its own web-based trading platform – DTrader. It has a newbie-platform trading interface that works directly in your browser and lets you trade all binary options types and also perform a rather thorough chart analysis without installing any software on your computer.

Customer Support

Deriv offer Live chat, WhatsApp and email to support customer

English and Spanish available on livechat

Bottom Line

Deriv: A Promising Broker:

  • It is too early to determine if Deriv's trading platform, DTrader, will reach the same level of excellence as Binary.com, but there's no denying its well-developed and professionally managed website.
  • Deriv offers a range of attractive features that cater to different types of traders, including unrestricted demo accounts, a variety of binary option contracts, a wide selection of trading instruments, flexible expiry options, and minimal trading limits.
  • The transparency of information regarding the operating companies on their website instills trust, while the EU regulation of Deriv as a broker provides added confidence in terms of fund security.

Platform and Tools:

  • The combination of Deriv's proprietary platform and MetaTrader 5 makes it a broker worth considering, especially for opening a demo account and exploring its features further.
  • However, it is advisable to thoroughly test their customer support service before committing real funds to a live trading account.

FAQ's

Can I open a demo account with Deriv?

Yes, Deriv offers demo accounts, allowing traders to practice and familiarize themselves with the platform without risking real money. The demo account has no time limit, allowing you to trade at your own pace.

What trading instruments are available on Deriv?

Deriv offers a diverse range of trading instruments, including stocks indices, synthetic indices, volatility indices, currencies, commodities, and randomized instruments. This provides traders with a wide variety of options to choose from.

How can I deposit funds into my Deriv account?

Deriv supports various deposit methods, including credit/debit cards, bank transfers, and electronic payment systems. Additionally, deposits and withdrawals can be made using popular cryptocurrencies such as Bitcoin, Litecoin, Ethereum, and Tether.

Deriv offers complex derivatives, such as options and contracts for difference (“CFDs”). These products may not be suitable for all clients, and trading them puts you at risk. Please make sure that you understand the following risks before trading Deriv products: a) you may lose some or all of the money you invest in the trade, b) if your trade involves currency conversion, exchange rates will affect your profit and loss. You should never trade with borrowed money or with money that you cannot afford to lose.

 

Category:
Risk warning:
Deriv offers complex derivatives, such as options and contracts for difference (“CFDs”). These products may not be suitable for all clients, and trading them puts you at risk. Please make sure that you understand the following risks before trading Deriv products: a) you may lose some or all of the money you invest in the trade, b) if your trade involves currency conversion, exchange rates will affect your profit and loss. You should never trade with borrowed money or with money that you cannot afford to lose.

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