Risk WarningDeriv 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.
Overview
Deriv.com is a recently launched trading platform, which has been operating since 1999. This new platform offers an exciting and improved trading experience. In this Deriv broker review, we will explore the platform's legitimacy, provide an overview of the broker's history, discuss the range of trading instruments available, and guide you on how to get started.
Deriv aims to be a versatile platform where traders can trade according to their preferences. This comprehensive guide will cover various aspects of the broker to help you make an informed decision. We will also address any concerns about the legitimacy of Deriv as a broker.
Which Account Types Are Available On Deriv.com?
Deriv.com offers three distinct account types, each granting access to different trading instruments:
- Synthetic Indices Account: This account type allows trading on synthetic indices such as boom and crash, volatility indices, and jump indices. Synthetic indices mimic the movement of real-world assets but remain unaffected by real-world events like central bank speeches or economic releases. Leverage for this account can go up to 1:1000, and trading is available 24/7, making it highly convenient. The Synthetic Indices account is a popular choice on Deriv.com, and it distinguishes the platform from other brokers in the market.
- Financial Account: With the Financial Account, traders can engage in CFD trading on major and minor forex pairs, commodities, and cryptocurrencies. Leverage of up to 1:1000 is available for this account type, offering significant trading flexibility.
- Financial STP (Straight-Through Processing) Account: The Financial STP Account enables Contract for Difference (CFD) trading on FX majors, minors, and exotics. The leverage for this account is lower compared to the other account types, reaching up to 1:100. However, it still provides an acceptable level of leverage for traders.
It's important to note that Deriv.com does not offer an Islamic account option, as identified in this Deriv broker review.
Is Deriv A Regulated Broker?
Deriv is a reputable and legitimate forex trading broker that operates with high standards of transparency, regulatory compliance, and customer service excellence. The broker's legitimacy is evident through its adherence to strict operational guidelines and regulations, ensuring the protection of its clients.
Deriv is registered in Europe under Binary Investments (Europe) Ltd. and holds an office in Malta. It is licensed and regulated as a Category 3 Investment Services provider by the Malta Financial Services Authority, with the license number IS/70156. Additionally, the broker is registered under Binary (FX) Ltd. in Asia, with an office in the Federal Territory of Labuan, Malaysia. It is licensed and regulated by the Labuan Financial Services Authority, with the license number MB/18/0024. Furthermore, Deriv is registered under Binary (V) Ltd. in Vanuatu and is licensed and regulated by the Vanuatu Financial Services Commission, with license number 14556.
The broker's multiple registrations and licenses across different countries demonstrate its commitment to regulatory compliance and its trustworthiness. This regulatory oversight assures traders that Deriv operates with integrity and professionalism, making it a reputable and reliable broker.
Which Assets Can You Trade On Deriv.com?
Deriv.com offers over 100 products for trading including:
Forex – Close to 50 FX currency pairs, including majors, minors and exotics
Stock indices – Speculate on price movements across the largest US, Asian and European stock indices
Synthetic indices – Based on a secure random generator, synthetic indices replicate real-world market conditions and are available 24/7 delivering consistent volatility.
Commodities
Precious metals, such as gold and silver, plus energies like oil are available
Cryptocurrencies
Deriv Broker Review: Which Trading Platforms Are Available On Deriv.com?
Deriv.com offers a variety of trading platforms for its clients, including DMT5, DTrader, Deriv X, Deriv Go, and DBot.
Deriv MetaTrader 5 (DMT5): DMT5 is an exclusive version of the MetaTrader 5 platform developed by MetaQuotes Software, available on Deriv.com. This all-in-one platform provides access to multiple asset classes, including forex, stocks, and commodities, all within a single interface. With over 100 tradeable assets and a large client base of over 1 million traders, DMT5 offers a comprehensive trading experience.
The platform enhances the MT5 experience for both novice and experienced traders, offering exclusive access to innovative trade types. DMT5 supports all three account types offered by the broker. Traders can access DMT5 through downloadable applications on desktop and mobile devices (Android and iOS). Additionally, a browser-based version called WebTrader is available, although it offers limited functionality compared to the downloadable applications.
How High Are The Spreads & Commissions Charged By Deriv.com?
As a trader, being aware of the spreads and commissions charged by a broker is crucial, as these factors directly impact your trading costs. Deriv, similar to its predecessor Binary.com, is committed to offering tight spreads and minimal trading fees. Binary.com has established a strong reputation for competitive spreads and a transparent fee structure.
In September 2021, this Deriv broker review discovered that the broker had further reduced spreads on forex pairs and metals, making its trading conditions even more competitive. Traders can benefit from these reduced spreads, enhancing their trading experience on the platform.
What Is the Deriv Minimum Deposit?
The minimum deposit on Deriv.com varies depending on the deposit method used. Here are the specific minimum deposit amounts for different payment options:
E-wallets: Deposit methods such as AirTm, PerfectMoney, Jeton Wallet, Fasapay, and WebMoney have a minimum deposit requirement of 5 in your base currency. Deposits made through e-wallets are processed instantly. Please note that Skrill and Neteller are no longer processing deposits and withdrawals to Deriv.
Credit/debit cards: Deriv accepts deposits made with Visa and Mastercard, with a minimum deposit requirement of 10 USD/GBP/EUR/AUD. Deposits via credit cards are processed instantly.
Bank wire transfer: The minimum deposit using bank wire transfer is 5 for most deposits, and the processing time is usually instant.
Cryptocurrency: If you prefer to use cryptocurrencies like Bitcoin, Ethereum, Litecoin, or Tether, there is no minimum deposit requirement. Cryptocurrency payments are processed after three blockchain confirmations.
Payment Agents: Deposits made through payment agents have a minimum deposit requirement of 10 in your base currency. To learn more about payment agents and how to become one, you can refer to the relevant article.
Deriv Peer to Peer (Dp2p): Deposits made via Dp2p have a minimum deposit requirement of 1 in your base currency. For more information on how Dp2p works, you can refer to the corresponding article.
How Can I Contact Deriv.com Customer Support?
To contact customer support at Deriv.com, you have several options:
- Help Centre: Deriv provides a self-service portal called the Help Centre, which is available 24/7. The Help Centre offers a comprehensive knowledge base that can assist with various queries, including account-related questions and platform issues. You can access the Help Centre directly on the website.
- Live Chat: Deriv.com now offers live chat support directly on their website. However, it's important to note that initially, you will be connected to a chatbot. If the chatbot is unable to resolve your issue, you will then be transferred to a human customer support representative.
- Email Support: Another way to reach out to Deriv.com is through email. You can contact their customer support team by sending an email to support@deriv.com.
These contact options ensure that you can reach out to Deriv.com for assistance and support regarding any concerns or inquiries you may have.
FAQ's on Deriv Broker Review
Is Deriv a trusted broker?
This Deriv broker review is satisfied Deriv.com is a trustworthy broker that's regulated in multiple jurisdictions. In the EU, Deriv is regulated by the Malta Financial Services Authority (FSA).
What is Deriv?
Deriv is a forex, synthetic indices, cryptocurrency, and commodities broker that was established in 2020 as a result of the rebranding of binary.com
Is Deriv regulated?
Yes, Deriv broker is regulated in a number of jurisdictions.
Is Deriv Broker regulated in South Africa?
Yes, Deriv is regulated in South Africa.
What do you think of this Deriv broker review? Have you used the broker before? Share your thoughts in the comments below.
Disclaimer
The products offered on the deriv.com website include contracts for difference (“CFDs”) and other complex derivatives. Trading binary options may not be suitable for everyone. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, the products offered on the website may not be suitable for all investors because of the risk of losing all of your invested capital. You should never invest money that you cannot afford to lose and never trade with borrowed money. Before trading in the complex products offered, please be sure to understand the risks involved.
