Deriv.com Review 2022
Deriv.com is a brand-new broker platform that Binary.com created and supports. Our evaluation includes the trading platform, minimum deposit, asset listings, and more. The new platform provides trading via a web-based platform (DTrader), an MT5 platform (DMT5), an automated trading system called DBot, and the new platform – Deriv X. It offers CFDs, binary options, and FX.
Describe Deriv.com
To celebrate the innovation and advancement of Binary.com, Deriv.com was created. The brokerage has developed over the past 20 years by focusing on the needs and interests of its clients as well as on innovations. It enables users to trade foreign exchange (FX), commodities markets, stocks, and artificial indexes.
Regent Markets Group, which was founded in 1999 with the aim of making internet trading more accessible to the general public, is the company that served as the basis for Deriv brokerage. Since then, the Group has grown and changed its name while continuing to be dedicated to its primary goal. When Regent Markets established its own operation in Malta in 2000, it purchased Deriv, a company that offered options trading.
Deriv.com was founded by Binary.com, which is a relatively new trading platform on the market. The most recent website, which provides CFDs, binary options, and FX trading, is reachable via an online interface called DTrader, a Metatrader framework (DMT5), and an automated trading platform called DBot.
After 20 years of serving its retail consumers, Binary.com just underwent a makeover to the new and improved interface dubbed Deriv. The platform now offers a wider selection of assets, has an improved user experience, and a fresh new logo.
The roughly 1 million customers of Binary.com, who do 43 million transactions monthly and receive $6 million in rewards, will gradually switch over to Deriv.com.
Governing the broker
Consumers are protected by regulation from fraudsters. These days, there are many online scams circulating, therefore we must exercise caution. As investors, we are aware that when choosing where to invest, our primary concern should be the security of our money. Regulations are crucial in the trading industry since without a license and supervision, a brokerage cannot lawfully conduct business. As a result of these laws, the brokerage is regarded as reputable and trustworthy, which safeguards you.
For clients outside of the EU, the company has Financial Services Commission (FSC) authorization from both the British Virgin Islands and Vanuatu. Deriv.com, the broker, is additionally overseen by Malaysia’s Labuan FSA. Deriv has long been regarded as a reliable broker in the trading sector. The business values its customers’ trust and acts honestly.
Deriv.com is a respected brokerage that holds multiple licenses. In the European Union, the Malta Financial Services Authority is in charge of overseeing derivatives (FSA).
Business Overview
Binary.com, which has been providing retail clients with services for 20 years, has changed its name to the better and newer Deriv. The platform offers a wider selection of products, an improved user interface, and a brand-new logo.
Over one million clients of Binary.com, who execute 43 million transactions every month and withdraw $6 million each month, will gradually switch to Deriv.com.
Trading Environment
Along with the SmartTrader platform from Binary.com, Deriv.com offers three trading platforms.
DMT5
The platform is simple to use but has a lot of features because it integrates MT5 and the associated analysis and research tools. It offers a fantastic combination for traders of all experience levels.
Since it is completely customizable, traders can build up charts or trading regions whatever they choose. It is possible to have multiple trade windows active at once or to detach individual windows and move them around as needed.
The platform boasts over 70 assets, and this list is constantly expanding as the brand is developed. Asset lists are simple to locate and navigate.
Also provided is flexible leverage up to 1:1,000. A variety of trade sizes, ranging from micro-lots to 30 regular lots, are also offered.
Platform for Trading DMT5 Derivatives
DTrader
A simple interface and more than 50 tradeable assets are provided by the adaptable DTrader platform.
With the use of technical indicators and widgets, charts can be modified to suit the demands of traders.
Trade types can also be customized, with variable trade length options between one second and 365 days and position sizes starting at just $0.35.
Furthermore, potential returns reach 200%. The DTrader platform is a fantastic advancement in trading platforms that guarantees the best possible user experience.
DBot
The DBot system from Deriv doesn’t need programming. It is a tool for creating trading strategies for online-accessible digital options. An automated bot built into this system carries out transactions on your behalf.
Essentially, it is a platform where users can drag and drop “blocks” to build their own trade bots. It is free to build, comes with three pre-built tactics, and offers 50 assets to assist you launch your bot. Strong research tools, established signals, and smart ideas like book profit and stop-loss are all provided.
This innovative strategy minimizes costs while maximizing profits. DBot is really effective and easy to use. It also has a monitor that provides you with information on how well your bot is performing after each transaction. Telegram is used to deliver all alerts. Your own trade bot can be made quickly and easily.
Markets & Assets
Deriv.com offers more than 100 goods covering:
• Forex – There are around 50 currency pairs available, including major, minor, and exotic ones.
• Stock indexes – Make predictions about price changes in the major US, Asian, and European stock indices.
• Synthetic indices – Using a safe random number generator as its foundation, synthetic indices mirror actual market circumstances and are accessible around-the-clock, providing constant volatility. Learn more about the volatility indices offered by Deriv.
• Commodities – Available resources include precious metals like gold and silver as well as energy like oil.
• Cryptocurrencies
On Deriv.com, options and multipliers are accessible. Without owning the underlying asset, options allow traders to profit from correctly anticipating price movements.
For instance, if you correctly forecast whether the exit point will be above or below the entry, you will earn from the Rise/Fall option. There are more than a dozen different possibilities and payouts.
Users of multipliers can raise positions by using leverage to trade, frequently taking multiple positions to improve possible returns. Additionally, traders’ maximum losses are limited to their initial deposits, which reduces risk. Margin trading is comparable to multipliers.
Commissions & Spreads
Deriv.com guarantees small spreads and low trading costs. The organization is still implementing its new system, so there are few typical spreads and commission data available.
Binary.com, on the other hand, had a solid reputation for offering competitive spreads and having an open cost structure.
Please take note that accounts that are inactive for more than a year may be subject to a dormant fee.
Leverage
Deriv provides adjustable leverage up to a factor of 1,000.
In order to boost possible returns, this enables users to assume greater position sizes by making a small deposit, known as margin.
Depending on the account and the country from which you register an account, different jurisdictions have different leverage standards.
Regulations, for instance, limit the leverage that retail traders can employ on the major FX currency pairings to 1:30 in the EU.
Mobile Application
Deriv.com traders do not presently have access to mobile trading. However, the brand and platform revamp are probably partially to blame for this.
We anticipate the broker will release iOS and Android apps for respective platforms once this procedure is finished.
Deriv.com Methods of Payment
The variety of accessible deposit and withdrawal choices notably impressed this evaluation.
Deposits
Options for making a deposit include:
• Bank wire transfer – Most deposits are completed promptly, and the minimum deposit amount is merely $5.
• Visa and Mastercard credit/debit cards can both be used, with minimum deposits starting at 10 USD/GBP/EUR/AUD. Credit and debit card deposits are immediately processed.
• E-wallets are readily available, including Skrill, Neteller, PaySafe, Fasapay, and WebMoney. Instantaneous processing is available for deposits starting at 5 of your base currency.
• Cryptocurrency – Tether, Litecoin, Ethereum, and Bitcoin can all be used to make deposits into your deriv.com account. Payments made with cryptocurrencies are handled in three blockchain confirmations and require no minimum deposit.
Deposit fees are not assessed by Deriv.com.
Withdrawals
Withdrawing money from your Deriv.com account is possible with all deposit payment methods.
Bank withdrawals begin at 5 of your base currency and take 1-2 working days to process, depending on the supplier.
Debit/credit card withdrawals require a minimum of 10 of your base currency and are completed within one business day. Note that only UK merchants can use MasterCard and Maestro.
You must withdraw at least $5 in your base currency, which will be processed in one business day, in order to use an e-wallet to make a withdrawal.
Finally, Bitcoin has the lowest minimum withdrawal amount of 0.0026 and the fastest cryptocurrency withdrawal periods of one working day plus three blockchain confirmations.
Customers of Deriv.com pay no fees to withdraw their income, just like with deposits. As a result, Deriv is among the easiest and most affordable brokers to fund and withdraw money from.
Trial Account
At Deriv, a demo account is accessible. Traders may get a good sense of the live platform because this is a mirror picture of the real-time, or “live,” trading area.
The practice account can be used to learn how to trade or to backtest trading methods. The demo account is accessible on all Deriv.com platforms, has no time restrictions, and an unlimited bankroll.
Added Value & Promotions
There aren’t any promos running right now. It may not be shocking, though, given the broker’s promises of cheap minimum deposits and affordable costs.
Additionally, Deriv.com is limited in what bonuses it may give European traders under 2018 EU regulations.
Even so, it’s worthwhile to keep an eye on the Deriv website for updates on any sign-up promotions and rewards for current clients.
Control & Licensing
This evaluation is satisfied that Deriv.com is a reliable broker that is licensed in a number of countries. Deriv is governed in the EU by the Malta Financial Services Authority (FSA).
The broker holds licenses from both the British Virgin Islands Financial Services Commission and the Vanuatu Financial Services Commission (FSC) for traders outside of the EU (FSA). Deriv.com is additionally governed by Malaysia’s Labuan Financial Services Authority (FSA).
Customers have negative balance protection in accordance with licensing requirements, meaning they can only lose as much as their initial investment.
Financial services compensation plans are also in place to make customers whole in the event that the broker fails. Be aware that different authorities and countries have different limits on the amount covered by financial services compensation systems.
Extraordinary Qualities
Deriv.com does not provide the abundance of learning materials present at many internet brokers. This is unfortunate because market commentary and strategy advice can be helpful, especially for new traders.
Having said that, we do anticipate Deriv.com to increase their resources once they finish implementing their new trading system.
Account Formats
Deriv provides 3 different account types:
• Standard
• MT5 (DMT5) (DMT5)
• Artificial Indices
Each account offers a variety of trading options, including CFDs and binaries using MT5. The GEO location of the trader will determine the account types that are offered.
For instance, traders from the EU will have different account possibilities than those from Singapore or South Africa. Deriv licensing and EU (ESMA) rules are to blame for this.
Benefits
Trading with Deriv.com has various advantages, including:
• 100+ resources
• Live 24/7
• Multipliers that boost prospective earnings
• Three different trading platforms are available.
• A variety of fee-free deposit and withdrawal options
Drawbacks
Opening an account with Deriv has drawbacks like:
• Sign-up bonuses with a time limit and ongoing promotions
• No social trading or copying
Trade Times
Deriv.com offers trading around-the-clock, in accordance with the relevant market’s operation hours. Having said that, weekend trading typically experiences a drop in volume, which makes spreads less attractive.
Customer Service
Customer service is offered around-the-clock through:
• Help Center – The self-service portal can help with a variety of questions, from platform problems to account-related ones.
• Live Chat – Customers can now access live chat help directly from the website.
When it comes to customer assistance, a live chat channel is the sole notable omission. Online chat is often a quick and efficient way to get support.
Security
To protect confidential client information, Deriv uses SSL website encryption. Users may trust the broker to handle their personal information with care because their security processes are compliant with industry standards.
Is Binary.com still a place to trade?
Yes, you will be able to trade on Binary.com during the transition. However, as Binary.com will gradually be discontinued, traders can benefit from switching over to Deriv.com as soon as possible.
The process has been streamlined as much as feasible by the development team. Accounts from Binary.com are virtually duplicated on Deriv.com.
Enter your Binary.com login information into Deriv to access your funds, personalized account settings, and trading options.
Account types that Deriv offers
Deriv offers three different account types with access to a range of trading assets.
#1 Fake Account
Trading on synthetic indices, which are indices designed to mimic the movements of real assets, is possible with this account. Nevertheless, real-world events like central bank pronouncements, financial reports, etc. have no impact on these assets. Leverage on this account may be increased up to 1:1,000.
The account is quite practical because it enables trading every day of the week. It is the most popular account choice on Deriv.com because no other brokerage offers synthetic assets to trade with.
#2 monetary account
Both new and experienced traders can trade with this basic account’s high leverage on commodities, cryptocurrencies, main (regular and micro-lots), and small currency pairs. For maximum convenience, this account offers users a high degree of leverage and adjustable margins.
#3 STP Account for Finance
With this account, you are able to trade major, minor, and exotic currency pairs with extremely tight spreads. The trades of investors are routed straight to the market in this 100% book account.
Traders can now communicate directly with the FX liquidity provider. Users are given the opportunity to trade contracts for difference (CFDs) on synthetic indexes by a neutral third party, who also independently checks these accounts for objectivity.
#4 Demo Account Free
One of Deriv’s primary goals as a brokerage that promotes safe and ethical trading is to offer a demo account. The company urges its clients to understand that trading is a crucial activity that carries a high degree of risk.
On every platform that Deriv offers, there is a free demo account that is simple to use. Simply enter your email address to access the sample account, and you’ll be taken there immediately. $10,000 in fictitious funds are present in this sample account.
How can I register for a Deriv account?
On Deriv, actual accounts may be created quickly and easily. You can sign up right away if you have a working email address. If you already have a Binary.com account, you can access Deriv with the same username and password.
Making an account with Deriv follows a simple process. Following are the steps:
1.Visit the Deriv website.
2.Choose the “Create free demo account” option on the signup screen or register using a social networking site.
3.To create a demo account, enter your email address, select the box, and then click the button.
4.Your email account will receive a message with a link to authenticate your registration. Select the “Verify my email” option to confirm.
5.You will now be sent to a new screen where you can create a new demo account, indicate your location, choose a password for the account, and select “Start trading.
Customer service
Customer service is available around-the-clock, just like trade. The phone number for the global support desk is +44 1942 316889.
Contact information for customer care is support@deriv.com. There are 2 ways to contact customer care at deriv.com:
Support center: This self-service location aids in locating solutions to a variety of account-related questions and any systemic issues.
Ask the community: This service offers a list of questions that previous users have responded to, and the user can use these answers to get the best answer.
Security
Deriv uses SSL online authentication to safeguard sensitive client data. Clients may trust the brokerage to preserve their private information because of their industry-standard safety regulations.
Deriv.com Conclusion
The most recent iteration of the wildly popular Binary.com is Deriv.com. Traders can select from a variety of platforms to fit their own trading goals and preferences.
Depositing money and taking gains out are quick and simple processes. Additionally, customers gain by joining a recognized business with many licenses.
Contracts for difference (“CFDs”), complicated derivatives, and other products are all available on the Deriv.com website. Binary option trading might not be appropriate for everyone. Trading CFDs involves a high level of risk because leverage can be used both favorably and unfavorably. As a result of the possibility of losing all of your invested money, the products available on the website might not be appropriate for all investors. Never trade with borrowed money, and never invest money that you cannot afford to lose. Please be certain that you are aware of the hazards before dealing in the sophisticated goods offered.
Deriv has been modified, made better, and is constantly developing. It has been operating legally in the trade market for more than 20 years. The company promotes growth and has made it a top priority to offer top-notch customer service. The makeover gave traders more options and alternatives for how they wanted their individual trades to go.
You can choose from more than 100 products, including Forex, stocks, commodities, and indexes, to invest in. It offers a wide range of trading choices. The platforms are simple, approachable, and reliable. The company offers substantial leverage of about 1. 1:1000. The tools have been developed and enhanced, and the courteous and effective customer service.
This company is suggested because to its knowledge, validated data, and dedication to providing its customers with products and facilities that meet their needs. We can say that Binary.com’s redesign is sound, well-considered, and valuable.
Accepted Nations
Australia, Thailand, South Africa, Singapore, India, Germany, Norway, Sweden, Italy, Denmark, Saudi Arabia, Kuwait, Luxembourg, Qatar, and the majority of other nations are among those that Deriv.com welcomes as dealers.
From the United States, Canada, Hong Kong, Israel, France, Jersey, Malaysia, Malta, Paraguay, United Arab Emirates, United Kingdom, and Spain, traders are unable to utilize Deriv.com.
Alternatives for Deriv.com
If you’re looking for brokers that are comparable to Deriv.com, we’ve produced a list of the best 5 below. Only organizations that permit traders from your location are included in this list of brokers like Deriv.com, which is arranged according to similarity.
1. Binary.com – Binary.com is one of the well-known companies that invented binary options. As the binary broker of choice for experienced traders, Binary.com provides the most freedom. On the MT5 platform, they also provide CFD and Forex.
2. Online trading is available through ActivTrades on the MT4, MT5, and ActivTrader platforms. More than 93.60 percent of orders are filled at the desired price.
3. Naga – Naga is a social investing platform that offers copy trading on the most important stock and CFD markets.
4. FBS – FBS is a reputable online broker that offers trading on MT4 and MT5 in a number of well-liked marketplaces. There are numerous account tiers and loyalty rewards available.
5. TP Global FX – With spreads starting at 0.1 pip, TP Global FX provides a broad selection of well-known financial assets. They are a developing brand that places an emphasis on innovation and transparency.
FAQ
What distinguishes Binary.com from Deriv.com?
The most recent relaunch and evolution of the Binary.com brand is Deriv.com. Binary.com will gradually disappear and be replaced with Deriv.com.
Using their original login information, traders from Binary.com will have access to their accounts and funds on the Deriv.com platform.
How can I register for a Deriv.com account?
It’s simple to sign up for an account on Deriv.com. On the broker’s website, click the red “create new account” box in the upper right corner and then adhere to the on-screen directions.
Is there a demo account option on Deriv.com?
Yes, Deriv.com does provide a demo account. The practice account has no time limit and limitless funds. An email address is all that is required to open a demo account; credit card information is not. Before opening a live trading account, the Deriv demo account is a great method to evaluate the platform and trading tactics.
A DBot is what?
The abbreviation “DBot” stands for “Deriv Bot,” the automated trading platform provided by Deriv.com. The DBot platform provides pre-built trading algorithms in addition to a simple tutorial for creating your own bot.
How is the money I place on Deriv.com secured?
Client funds and the broker’s personal capital are kept apart. Therefore, user funds are safeguarded and will be repaid in the event of insolvency.