Deriv Review & User-ratings

Deriv user-ratings: $5
9.4/10
9.4 of 10 points 1 reviews
  • Asset varierity - 8.5/10
    8.5/10
  • Trading platform - 10/10
    10/10
  • Support - 8.5/10
    8.5/10
  • Fees - 10/10
    10/10
  • Deposit/Withdrawal - 10/10
    10/10

Facts about the company:

  • Type: Binary, Forex, CFD Broker
  • Regulation: 4 Regulators
  • Minimum deposit: $ 5
  • Demo account: Free
  • Markets: 100+ currencies, indices, cryptocurrencies, stocks, commodities
9.4/10
Comments Rating 9.4/10 (1 review)

Pros

  • Multi-regulated broker
  • Yield up to 100%
  • Trading 24/7
  • High leverage up to 1:1000
  • Supports automated trading

Cons

What Is Deriv? – Facts About The Company

Deriv Official Website

Binary.com has launched Deriv as its another milestone of innovation, growth, and success in the trading industry. Deriv offers its clients the ability to trade various assets including forex, commodities, stocks, and synthetic indices. It’s been operating for more than 20 years and the founding company of Deriv broker is Regent Markets Group. It has a mission of making online trading more accessible and was founded in the year 1999. This broker has grown quite a lot in the trading industry.

In the year 2000, the company has offered its traders the ability to trade binary options. Then the following year, it has launched BetOnMarkets.com, which is the first platform that offers binary options to retails traders and the company grew even more.

Then in 2013, Binary.com became the new name of the brand of BetOnMarkets which came with new features, more options, a new range of trading types, and a variety of charting functionalities. Up to now, Deriv is not stopping in improving its products and services that enable more people to trade freely whatever and how they want.

Facts about Deriv:

  • Founded in 1999
  • More than 100 assets
  • Award-winning broker
  • Offers forex brokerage and binary options

Safety And Regulation

Deriv is regulated by several regulators. Regulation is one of your assurance or security if the broker is legit. This is because there are specific criteria that a broker must possess in order to be authorized and allowed to operate legitimately. Deriv is regulated by the Malta Financial Services Authority (MFSA), the Labuan Financial Services Authority (Labuan FSA) with license no. MB/18/0024, the Vanuatu Financial Services Commission (VFSC), and the British Virgin Islands Financial Services Commission. We can say that Deriv is a trustworthy broker.

Regulated by the following:

  • Malta Financial Services Authority (MFSA)
  • Labuan Financial Services Authority (Labuan FSA)
  • Vanuatu Financial Services Commission (VFSC)
  • British Virgin Islands Financial Services Commission

Financial Security

Deriv commits to provide security to its customers. This broker segregates client funds as assurance f its customers in a secure and licensed institution. In addition to that, Deriv gives customers control of their funds by having the power to withdraw their money anytime they want. The brand claims to hold the highest ethical standards and regulatory requirements. Plus, Deriv encourages its traders to practice responsible and secure trading.

Security is greatly valued by Deriv. The protection of its clients is very significant to the company. With this said, Deriv has enforced best-in-class security measures such as SSL encryption to protect its clients’ accounts and personal data.

Also, the company has a client protection program wherein traders are protected to the unlikely event of Deriv becoming insolvent, all the money of the client will be returned to them. This is because their money was never merged with the money of the company.

Summary of safey and security:

  • Multi-regulated broker
  • Has protection program for its clients
  • Segregates client funds
  • SSL encryption of webpage
  • Promotes responsible and secure trading
  • Reliable broker

Review Of Trading Conditions

Derive offers more than 100 tradeable assets such as forex, commodities, stocks, and synthetic indices). The maximum leverage is 1:1000 with a minimum deposit of €/£/$ 5. You can trade 24/7, even on weekends. Plus it offers binary options (yield up to 100%), forex trading, and CFD trading. Deriv promotes fast trading execution and supports automated trading.

Trading conditions with Deriv

The platform is user-friendly, simple, yet competitive. Also, there is a free demo account where you can practice your trading skills and strategies. Customer support is also good which operates the whole week. This broker is safe and is multi-regulated. You can definitely trust its safety because the security of the customer is one of the top priorities of Deriv.

What Platforms Does Deriv Offer

Deriv offers four types of trading platforms. The DTrader Platform is a web platform. This platform doesn’t require download and has more than 50 tradeable assets. The duration option is very flexible running between 1 second up to 365 days / 1 year. The charting functions of this platform are advance. Its minimum stake is $0.35 and a potential payout of more than 200%. It has good technical indicators and highly customizable.

DTrader Platform

Meanwhile, the DBot Platform is a web-based strategy builder for trading digital options. This platform doesn’t need coding and a web-based strategy builder for trading digital options. It has more than 50 assets to unleash your bot, 3 pre-built strategies, and has automated bot that runs trades for you. DBot is easy to use and very convenient.

DBot Platform

The MetaTrader 5 (MT5) / DMT5 Platform is a multi-asset online platform. There are more than 70 assets available and maximum leverage of 1:1000. The maximum lot sit is 30 and the charting capability of this platform is advanced and professional. It is free to download and is designed to give both new and experienced traders access to a wide range of financial markets.

DMT5 Platform

Lastly, the SmartTrader Platform. This platform has the advantage to get more functions and options for opening a trade. It is a platform for trading digital options as well. This platform is easy to use and promotes fast execution.

SmartTrader Platform

Facts about Deriv’s Platform:

  • DTrader
  • DBot
  • DMT5
  • SmartTrader

How To Trade With Deriv

Trading binary options are mostly offered by Deriv. In order to receive successful trading results, you should know how to trade binary options. First, decide what asset or market you would like to trade. Then choose the expiry time or duration (options can expire anytime between 30 seconds up to a year). Afterward, decide the size of the trade. Then, select an option. Basically, you need to decide whether to click ‘Call’, ‘Put’ / ‘Buy’, or ‘Sell’. Last, make sure to check everything. If you are certain that everything is in its right place and what you wanted, you can go ahead and confirm the trade.

Digital options trading example

Step by step process in trading with Deriv:

  1. Decide what asset or market you would like to trade
  2. Choose the expiry time or duration
  3. Decide the size of the trade
  4. Select an option (Decide whether to click ‘Call’, ‘Put’ / ‘Buy’, or ‘Sell’)
  5. Check and confirm the trade
  6. Wait for the result (win or loss)

Deriv Free Demo Account

We highly recommend for traders to get a demo account first before trading with a real account. Deriv offers a free demo account that has ready-to-use free virtual funds of $10,000. The demo account of Deriv only asks for your email for registration. After the registration, you will be directed right away to the demo account. You can choose in any type of platform Deriv offers and it is definitely easy to access.

Register An Account With Deriv

Setting up an account with Deriv is easy and fast. Basically the registration only requires you to have a working email that you can access. Once you give it in, you will be directed to the account and can access it right away. If you already have an existing Binary.com account, you can also use your account details to log in to Deriv.

Register an account with Deriv

Account Types Offered by Deriv

There are three types of accounts offered by Deriv. These accounts are for Forex and CFD trading. The standard account is known as the Financial Account. This account offers both new and experienced traders the ability to trade commodities, cryptocurrencies, major (standard and micro-lots), and minor currency pairs with high leverage. Traders have high leverage, and variable spreads for maximum flexibility when this account is chosen.

On the other hand, the Financial STP account ables you to trade major, minor, and exotic currency pairs with tight spreads and higher trade volumes. Traders are given direct access to forex liquidity providers and this account is a 100% A Book account. This means traders’ trades are passed straight through to the market.

Last is the Synthetic account. This account enables you to trade 24 hours a day and 7 days a week. It allows traders to trade contracts for difference (CFDs) on synthetic indices. Also, this account is audited for fairness by an independent third party.

ACCOUNT TYPE:SyntheticFinancialFinancial STP
LEVERAGE:Up to 1:1000Up to 1:1000Up to 1:1000
MARGIN CALL:100%150%150%
STOP OUT LEVEL:50%75%75%
ASSETS:10+50+50+

Acount types:

  • Synthetic Account
  • Financial Account
  • Financial STP Account

Review Of Deposit And Withdrawal

The minimum deposit required by Deriv is €/£/$ 5. This broker offers various payment methods you can choose from. The payment methods include bank wire, credit/debit cards, e-wallets, and cryptocurrencies. Usually, the minimum withdrawal is the same amount of the minimum deposit (€/£/$ 5), however, depending on the payment method used, the amount might differ.

Deriv gives importance not just to the security of its customers, but also convenience. The processing of the funds (both deposit and withdrawal) takes usually within one working day, however, some payment methods might take a bit longer. Also, with Deriv, you can open your account in fiat money or cryptocurrencies.

Withdrawals with the use of MasterCard/Maestro is only available for UK (United Kingdom) clients. The fees for both deposit and withdrawal depends still on what payment method used. Your bank might charge a processing fee.

As for Deriv, the brand charges a dormant fee. The dormant fee is somewhat like an inactivity fee. This dormant fee doesn’t apply if the client is under self-exclusion (their own choice or as a decision by the Company). Basically, any account that has not placed a buy or sell transaction for more than a continuous period of 12 months will receive this fee.

  • A minimum deposit of €/£/$ 5
  • FX & CFD trading commissions starting 0,015%
  • Dormant Fee (Inactivity) after 12 months is $25
Payment Method: Bank wireCredit/debit cardsE-WalletsCryptocurrencies
Deposit processing timeInstantInstantInstant3 blockchain confirmations
Withdrawal processing time1-2 working day1 working day1 working day1 working day + 3 blockchain confirmations

Available Payment Methods:

  • Bank Wire
  • Credit / Debit Card
  • Cryptocurrencies
  • E-wallets

Bank Wire

METHOD:BANK TRANSFERPAYTRUSTHELP2PAYDRAGON PHOENIXZINGPAY
MIN. – MAX DEPOSIT500 – 100,00025 – 10,0005 – 10,00010 – 10,00010 – 10,000
MIN. – MAX WITHDRAWAL500 – 100,000N/A5 – 10,00010 – 10,00010 – 10,000
CURRENCIESUSD EUR GBP AUDUSDUSDUSD EUR GBP AUDUSD EUR GBP AUD

Credit / Debit Card

METHOD:VISAMASTERCARDMAESTRO
MIN. – MAX. DEPOSIT10 – 10,00010 – 10,00010 – 10,000
MIN. – MAX. WITHDRAWAL10 – 10,00010 – 10,00010 – 10,000
CURRENCIESUSD GBP EUR AUDUSD GBP EUR AUDUSD GBP EUR AUD

Cryptocurrencies

METHOD:BITCOINETHEREUMLITECOINTETHER
MIN. DEPOSITNo minimumNo minimumNo minimumNo minimum
MIN. WITHDRAWAL0.00280.0240.1225
CURRENCIESBTCETHLTCUST

E-wallets

METHOD:FASAPAYPERFECT MONEYSKRILLNETELLERWEBMONEYQIWIPAYSAFESTICPAY
MIN. – MAX.DEPOSIT5 – 10,0005 – 10,00010 – 10,0005 – 10,0005 – 10,0005 – 200 (USD)5 – 150 (EUR)5 – 1,0005 – 10,000
MIN. – MAX.WITHDRAWAL5 – 10,0005 – 10,0005 – 10,0005 – 10,0005 – 10,0005 – 180 (USD)5 – 150 (EUR)5 – 7505 – 10,000
CURRENCIESUSDUSD EURUSD GBP EUR AUDUSD GBP EUR AUDUSD EURUSD EURUSD GBP EUR AUDUSD GBP EUR

Support And Service Of  Deriv

The customer support of Deriv is available via phone and email. The phone customer support (international help desk) operates 24 hours a day on weekdays. During weekends the support operates from 8:00 AM – 5:00 PM (GMT +8). Deriv also has a Help Centre or FAQs which you can find on the official website of the broker.

Phone Number: +44 1942 316229
Email Address:support@deriv.com

Facts about Deriv Support:

  • Phone and Email customer support
  • Operations: weekdays 24hrs/ weekends 8:00 AM – 5:00 PM (GMT +8)
  • FAQs/Help Centre

Accepted And Forbidden Countries By Deriv

Some countries are not able to avail of the products and services of Deriv. Basically, any restricted country which has been identified by the Financial Action Task Force (FATF) as having strategic deficiencies cannot create an account with Deriv. Residents of countries such as Canada, France, Hong Kong, Israel, Jersey, Malaysia, Malta, Paraguay, UAE, USA are unable to trade with this broker. Also, minors under 18 years old are not allowed to avail of Deriv’s services.

Conclusion

Deriv promotes innovation and is a multi-regulated broker. The brand has been operating legitimately for more than 20 years. The quality of its products and services has been developed, enhanced throughout the years. This broker doesn’t stop improving its products and services and keeps on growing in the trading industry. Deriv is backed by Binary.com.

It gave a lot of opportunities to traders around the globe. Traders can choose from more than 100 tradeable assets which include Forex, stocks, commodities, and indices. Binary options are also offered by Deriv. The rebranding of Binary.com has been an open door of opportunity for many traders. This broker is definitely legit, reliable, and worth the trust.

Advantages:

  • Multi-regulated Broker
  • Offers binary options (yield up to 100%), forex, CFDs
  • Supports automated trading
  • Secure and reliable broker
  • Leverage up to 1:1000
  • 100+ assets
  • Competitive and advanced platforms
  • Backed and developed by Binary.com

Disdvantages:

  • Product and services are not available to some countries
  • Customer support is limited

Most asked question:

Is Deriv a good broker?

Yes – Deriv is one of the best brokers for Binary Trading and Forex Trading. It supports multiple trading platforms. Also, you will get good trading conditions with a high yield for your investments. It is definitly a recommended broker.

Is Deriv safe?

Yes – Deriv.com is one of the safest brokers. The company is multi-regulated and exists since more than 20 years (brand of binary.com). For deposits and withdrawals, the platform is using only regulated payment methods. The customer funds are safe and you can do a withdrawal each time. For more safety, you can use 2-factor-authentification.

How does Deriv trading work?

Deriv offers trading with Binary Options and forex. For using Binary Options you are investing in rising or falling prices. There is a strike price and the price has to be below or above the strike price (entry point) after the expiry time of the option to earn a high yield of up to 100%. In forex trading, you are earning because of the price movement. You can buy and sell the assets with leverage. Predict the market movement and you will earn money.

How do I open a real Deriv account?

It is easy to open an account with deriv.com. First of all, you will need your email address and a safe password. After that, you can start to trade or verify your account completely. I recommend doing the verification first before you invest real money. You need more information about your person and some documents to verify your identity.

One Response

  1. Andre Witzel September 18, 2020

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