Deriv Trading Review- Trade With Optimal Flexibility

by | May 27, 2020 | News | 0 comments

This is an all-encompassing review of the Deriv trading platform.

Deriv is a new trading platform that was created by the multi-award-winning Binary Group. The platform is built upon the 20 years of experience by Binary Group.

It has several enhanced features like 24/7 trading, sharp prices, tight spreads, and more.

This article will help you understand every exciting feature of Deriv before you deposit your funds to start trading.

Enjoy an informative section!

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, and 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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Post Summary

I have written this post in the simplest format ever, in such a way that even a 10-year-old can follow up.

Here is the list of everything that I will cover today. Click on any to take you straight to its content.

  1. Deriv In A Nutshell
  2. Features
  3. Restricted Countries
  4. Types Of Trade
  5. Tradable Instruments
  6. Trading Accounts
  7. Trading Platforms
  8. Deposit And Withdrawal Methods
  9. Licensing And Regulation
  10. Customer Support And User Interface
  11. Pros And Cons
  12. Conclusion

Let’s dive right in!


Deriv In A Nutshell

Deriv Home page

The story all began 20 years ago when the Binary Group was created with the aim of bringing online trading to the masses.

Deriv was created in early 2020  as an enhanced brand of the already existing Binary.com.

The Deriv platform is powered by 20 years of customer focus and innovation.

With several rebranded features, this broker has up to 1.2 million registered users and processes more than 43 million trades per month.

Over 6 million USD is processed in withdrawals every month.

The broker is regulated by multiple regulatory bodies, making it one of the safest brokers to reckon with. Read on to find out more exciting features of Deriv.

Also Read, Top 5 Online Trading Platforms


Features

  • 100+ tradable assets
  • 24/7 Trading
  • Sharp prices
  • Tight spreads
  • Instant Withdrawals and deposits.
  • 50+ payment methods.

Restricted Countries

This platform’s services are restricted to traders from these countries;

  • Alderney
  • Belarus
  • Canada
  • The CaymanIslands
  • Guernsey
  • HongKong
  • Israel
  • Jersey
  • Jordan
  • Malaysia
  • Malt
  • Rwanda
  • Paraguay
  • Singapore
  • The United Arab Emirates
  • The United States of America

Or any country that has been identified by the Financial Action Task Force (FATF) as subject to a call for action.

Depending on your country of residency and the product you wish to trade, you can register with only one of the derivatives.

If you are a resident of the European Union, your account can be registered with Deriv Investments (Europe) Limited, which offers multipliers via Deriv Trader and contracts for difference (CFDs) based on forex, commodities, cryptocurrencies, stocks, stock indices, and synthetic indices via Deriv MT5.

If country, your account is registered with one of the following companies:

  • Deriv(FX) Ltd. – offers CFDs on forex and cryptocurrencies via Deriv MT5 Financial STP accounts.
  • Deriv(V) Ltd. – offers CFDs on financial instruments (via Deriv MT5 Financial accounts and DerivX Financial accounts) and CFDs on synthetic indices, basket indices, and derived FX indices (via Deriv MT5 Derived accounts).
  • Deriv(BVI) Ltd. – offers CFDs on financial instruments (via Deriv MT5 Financial accounts) and CFDs on synthetic indices, basket indices, and derived FX indices (via Deriv MT5 Derived accounts).

Types Of Trade

There are basically 3 types of trade you can carry out on Deriv

  • Margin Trading
  • Options
  • Multipliers

Margin Trading

Here, you purchase larger units of the underlying asset at a fraction of the cost, thereby increasing your maximum profit as well as loss.

Options

Predict the movement of the market without buying the underlying asset. Up/Down, In/Out, Call Spread/ Put Spread, and Touch/ No Touch.

Deriv Options

Multipliers

Here, you trade on leverage while limiting the downside risk of your capital. You can maximize your potential profit by several multiples of any market without having to risk more than your initial investment.


Tradable Instruments

Deriv provides its users with over 100 assets to trade within these financial markets;

  • Forex
  • Commodities
  • Stock Indices
  • Synthetic Indices

 Forex

Trade the most popular currency pairs on the world’s financial market. Trading here allows you to benefit from changes in the relative values of the forex market.

  • EUR/AUD
  • AUD/JPY
  • USD/CAD
  • EUR/CAD
  • GBP/AUD
  • AUD/USD
  • USD/JPY etc.

Commodities

Here, you get to trade on the world’s most commercial natural resources. Commodity trading on Deriv lets you profit from correctly predicting the market movement of the world’s most pivotal natural resources.

5 commodities are available for trade on Deriv;

  • Gold/USD
  • Silver/USD
  • Palladium/USD
  • Platinum/USD
  • Oil/USD

Stock Indices

Trading here allows you to benefit from market price movements without buying the underlying asset.

Stock indices allow you to diversify your risk and predict the broader market trends.

Some of the stocks currently available for trade include;

  • Apple (APPL)
  • Walt Disney Co (DIS)
  • Tesla (TSLA)
  • US Tech 100
  • Wall Street 30, etc.

Find the rest here.

Synthetic Indices

Deriv’s proprietary synthetic indices emulate the world market movements while being free of market and liquidity risks.

17 items are currently available for trade here;

  • Volatility 10 (1S) Index
  • Volatility 10 Index
  • Volatility 100 Index
  • Volatility 25 Index
  • Volatility 75 Index
  • Volatility 50 Index

Trading Platforms

Deriv assures you of full control of your trading experience using its new and improved platforms.

DTrader

DTrader gives you a whole new experience on an easy-to-use platform. This is suitable for beginners because it’s user-friendly.

DBot

Trade with ease using the trading robot.

DMT5

This is where most professionals thrive the most. Trading on the Deriv MetaTrader 5 platform comes with a full package to suit even the most experienced traders.

Smart Trader (Binary.com)

Here, you get to trade the world’s best markets on the classic binary.com platform.


Trading Accounts

Deriv only provides two types of accounts to its customers at the moment.

It offers one fiat account and multiple crypto accounts.

You can have more than one MT5 account.

Note that you can also create a Demo account.

Real Account

Make a $10 minimum deposit to start trading in the real-world market.

The minimum deposit depends on the payment method.

Create A Deriv Account


Deposit And Withdrawal Methods

Deriv accepts up to 50 different payment methods. Your deposit and withdrawals are processed in 1working day. However, depending on your bank or transfer service, the time may be prolonged.

The Payment methods are as follows;

  • Bank Wire
Deriv Deposit Method
  • Ewallets
Deriv Deposit Method
  • Credit/Debit Cards
Deriv Withdrawal ,ethod
  • Cryptocurrencies
Deriv Withdrawal Method

Licensing And Regulations

Deriv is registered and licensed by these reliable regulatory agencies;

Deriv Investments (Europe) Limited

  • Company No.: C 70156
  • Incorporation Date: 22nd April 2015
  • Registration: Malta
  • Location: Level 3, W Business Centre, Triq Dun Karm, Birkirkara BKR9033, Malta
  • Licensed in: Malta
  • Regulated by: Malta Financial Services Authority under the Investments Services Act
  • View License

Deriv (FX) Ltd

  • Company No.: LL13394
  • Incorporation Date: 18th January 2017
  • Registration: Federal Territory of Labuan (Malaysia)
  • Location: Unit No. 3A-16, Level 3A, Labuan Times Square, Jalan Merdeka, 87000, Federal Territory of Labuan, Malaysia
  • Licensed by: Labuan Financial Services Authority 
  • View License

Deriv (BVI) Ltd

  • Company No.: 1841206
  • Incorporation Date: 15th September 2014
  • Registration: British Virgin Islands
  • Location: Kingston Chambers, P.O. Box 173, Road Town, Tortola British Virgin Islands
  • Licensed by: British Virgin Islands Financial Services Commission
  • View License

Deriv (V) Ltd

  • Company No.: 014556
  • Incorporation Date: 17th February 2016
  • Registration: Republic of Vanuatu
  • Location: 1276, Govant Building, Kumul Highway, Port Vila, Republic of Vanuatu
  • Licensed by: Vanuatu Financial Services Commission
  • View License

Deriv (SVG) LLC

  • Company No.: 273 LLC 2020
  • Incorporation Date: 19th February 2019
  • Registration: Saint Vincent and the Grenadines
  • Location: First Floor, SVG Teachers Credit Union Uptown Building, Corner of James and Middle Street, Kingstown P.O., St Vincent and the Grenadines

All the aforementioned subsidiaries have Deriv.com Limited as their holding company.

The registration number is 71479, and the registration address is located on the 2nd Floor, 1 Cornet Street, St Peter Port, Guernsey, GY1 1BZ.


Customer Support And User Interface

The customer support rendered at Deriv is very efficient, and you will have no problem contacting them.

The support team can be contacted 24/7 via a direct phone call, email address, or visit the help center.

The User Interface is very appealing; everything you need to trade swiftly is clearly stated, and all items are properly arranged on the screen. 

The Deriv platform is suitable for both beginners and even the most experienced traders.

Up to five languages, including English, French, Italiano, Indonesian, and Spanish, are supported by the Deriv platform as of the time of writing this post.

Deriv Trading platform

Pros And Cons

Pros

  • Built upon more than 20 years of experience.
  • Instant withdrawal.
  • 100+ tradable assets.
  • User-friendly.
  • Multiple regulatory bodies.

Cons

  • A limited number of cryptos supported

Is Deriv A Safe Broker?

In my opinion, Deriv is, in no doubt, a safe haven for online options traders. This is because of the following reasons;

  • Although Deriv is a new platform, the founders of Binary Group are not new names in the online trading industry.
  • It has multiple regulatory agencies.
  • Binary Group is a multi-award-winning company.

Conclusion

Deriv may be a new platform, but it’s well-grounded on a solid 20 years of experience.

With so many enhanced features to show for this, Binary Group has shown how serious they can get in doing business with you.

Sign up now and become a part of the new trading era.

I hope this article was insightful.

Have you visited the new Deriv platform yet?

Do you think its features are actually unique to other brokers?

Kindly drop all your questions or comments in the comments section below.

Lastly, if you enjoyed reading this post, kindly share it on your favorite social media by tapping on the icons below.

Thanks!

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ABOUT ME

Kyrian Chidiebere
I'm a Fish Farmer and Crypto Enthusiast, it always feels right for me to share my light.