A Reliable Trading Ground for Online Traders
Deriv.Com Review
Deriv is an online brokerage set up by Binary.com, which also financially supports the company. With a web-based DTrader, an MT5 terminal called DMT5, and an automated online system called DBot, the company makes it easy to trade contracts for difference (CFDs), binary options, and foreign exchange. Binary.com has been catering to retail customers for the past 20 years and has just altered its name to the more modern and sophisticated Deriv. The site now has a bigger selection of products, a better way to use them, and a new logo that looks cool. Through this Deriv.com review, you will get to know this platform thoroughly.
Over one million Binary.com clients have moved their businesses to Deriv.com as part of a phased migration process. These customers are responsible for 43 million monthly transactions, and monthly withdrawals total $6 million.
Trading Platforms by Deriv.Com
DMT5
By embracing MT5 and its associated research and analysis tools, the platform is user-friendly and loaded with useful features. That’s a plus point for traders having different skill sets.
It may be set up in whatever way the trader sees fit, whether with custom charts or trading zones. It is possible to have some trade doors unlocked at once or to detach and reposition individual windows as needed. The platform now supports over 70 assets, and this number is increasing rapidly.
The leverage is also very good from the users’ perspective as it is fixed at 1:1,000. Trade sizes might range from micro-lots to 30 regular lots.
DTrader
DTrader is a platform that allows users to trade in over 50 different assets on a simple interface. Indicators and chart widgets allow traders to change chart layouts according to individual preferences.
Position sizes as low as $0.35 and trade durations up to 365 days are both available for modification. As an additional possibility, payments might be higher than 200%. DTrader is a cutting-edge trading software that promises superior usability.
DBot
One of the most popular and effective automatic trading solutions is provided by DBot Deriv.com. DBot is a platform that makes it easy to implement algorithmic investments.
There are no costs associated with bot creation, and the process may be completed in five simple steps. Trading novices can employ one of three pre-made strategies during the early days of their careers.
Deriv.Com Mobile Application
Members may use the DMT5 mobile application to make trades on the go. The professionals found the system reliable and simple to use, and it’s available for no cost for iOS and Android devices.
The investing app has several helpful features, such as Market Depth, quick and pending order kinds, and selecting suitable and hedging options. The mobile application has one-click trading and built-in signals and analytical tools.
Regulations and Licensing
Deriv.com is subject to the regulations of a number of different trade countries. Currently, it is holding 4 different licenses to operate in multiple jurisdictions. These include licenses from
- The British Virgin Islands Financial Services Commission
- The Vanuatu Financial Services Commission
- The Labuan Financial Services Authority
- The Malta Financial Services Authority
Deriv Academy
Deriv academy is the learning section of the Derv.com trading platform. In this section, the broker provides learning material for its clients so that they can make profitable trades. First of all, this section contains guide articles about trading through which beginners can grasp general knowledge about the market. Secondly, Deriv.com publishes a weekly market report that prepares traders for their future endeavours. Furthermore, readers can subscribe to this service as well and receive every article directly in their mailbox.
Commissions and Spreads
The company does not impose commission fees, fees for making deposits or withdrawals, or penalties for inactivity, and there are none. Binary.com has a solid industry reputation for having reasonable spreads and an open and transparent pricing structure.
Methods of Payment on Deriv.com
The variety of withdrawal and deposit methods accessible when using Deriv is impressive.
Deposits
Deposits can be made by a variety of methods, including:
Wire Transfers
Payments can be sent through bank wire with a $5 minimum deposit and are typically completed within one business day.
Credit Cards
The minimum deposit amount for credit/debit card transactions is 10 USD, GBP, EUR, or AUD and is accepted via Visa, Mastercard, and Maestro. Debit and credit card deposits are handled immediately.
Online Payment Methods
Digital wallets such as Neteller, Paysafecard, Skrill, and WebMoney are accepted. Your account will be funded quickly with as little as $5 (or equivalent in any other currency).
Furthermore, all deposits to your Deriv account are free of charge.
Withdrawals
All the payment methods you used to finance your Deriv.com account are available for withdrawal.
Credit/Debit Cards
Withdrawals from your bank account usually cost no more than $5 in your base currency and are processed within one business day. Withdrawals made with debit or credit cards need 10 of the base currency and are typically handled within one business day. Please take into account that only UK vendors accept MasterCard and Maestro.
E-wallets
Withdrawals to e-wallets typically take between one and two business days to complete and require a minimum withdrawal of five units of your base currency.
Profit withdrawals are free for traders, the same as deposits. Because of this, Deriv is among the easiest and cheapest brokers to fund and withdraw from.
Trading Products
Crypto: Crypto is one of the most lucrative assets in the financial market. More than 25 crypto pairs are listed on Derive.com to trade with zero fees. These include Bitcoin, Ethereum, Litecoin, and MATIC.
Synthetic Indices: Synthetic indices are also a common trading asset nowadays. Derive.com offers the following indices to its users.
- Range Break Indices
- Step Indices
- Jump Indices
- Boom Indices
- Volatility Indices
Stock Indices: The stock market is one of the most liked markets of traders as it receives the most traffic. Hence, no trading platform skips offering stock indices. Deriv.com offers multiple stock indices from American, Asian, and European markets. For example
- US 500
- Wall Street 30
- Japan 225
- Euro 50
- UK 100
- Airbus SE
- Apple
- BMW
- eBay
Forex: Trading currencies is a favourite job of traders all over the world. The FX market has a lot of potential which is why Derive.com provides its users with an opportunity to trade plenty of forex pairs on its platform.
There are also multipliers and options available at Deriv.com. Options let traders make money by predicting how prices will move, even if they do not possess the investment product. There are more than a dozen distinct possibilities and rewards.
Customer Support
Deriv.com provides robust customer support to its users. Its support staff is well trained to help with technical as well as non-technical issues. The team is reachable through the following communication channels.
- Offices Deriv.com has a physical presence in 13 different locations including France, Malta, Cyprus, Malaysia, and Dubai.
- Live Chat A live chat option is also available for the users and it is the fastest option to get help in case of any query or software glitch.
- Social Media Deriv.com has a strong presence on social media as well where it keeps its users updated about the latest announcements and plans. It is available on Facebook, Telegram, Instagram, Discord and Twitter.
Customer Pros and Cons
After conducting tests on Deriv.com, the traders discovered a number of benefits associated with opening an account, including the following:
- 1:1000 leverage
- 100+ assets
- Payouts of more than 200%
- A demo account is available at no cost, with a virtual balance of $10,000. For the real account, the minimum deposit requirement is $5
- Multiple regulatory oversights of this online brokerage
- The platform is available for trading 24/7 including the customer support service
- Increases in prospective earnings through the use of multipliers
- A variety of withdrawal and deposit options, all of which have no associated transaction fees
Cons
The following are some of the drawbacks associated with creating an account with Deriv:
- Promotions that continue to run, in addition to limited sign-up incentives
- Functionality restrictions concerning social/copy trading
Sign-Up Process
The registration process at Deriv.com is simple. First, of al, you can link to your Google, Apple or Facebook and continue without filling out any form. But if you want to manually register yourself, you need to follow the below step-by-step procedure.
- Enter your email address.
- Tick the box with terms and conditions.
- Open your mailbox and click the received link to verify your mail.
- Select your country.
- Create a password.
- Start trading.
Final Words
Deriv.com is the most recent development in the ever-growing success story that is Binary.com. Traders have access to various platforms, allowing them to select one that best suits their trading preferences and goals.
The process of depositing cash and withdrawing earnings is fast and straightforward. In addition, customers benefit if they register with a reputed firm that holds licenses in a number of different countries. Customer support and adaptable multipliers are just two of the reasons why Deriv is an ideal trading broker for novices.