Deriv Review

Broker	Deriv
Company Name	Binary Investments (Europe) Ltd, Binary (SVG) LLC, Binary (V) Ltd, Binary (BVI) Ltd
Headquarters	Malta, St Vincent and the Grenadines, Vanuatu, BVI, Malaysia
Regulation	FSA (Labuan), MB/18/0024; FSC (BVI), SIBA/L/18/1114; MFSA, C70156; Vanuatu Financial Services Commission, 14556
US Traders Accepted	No
Max Payout	Not fixed
Bonus	None
Trading Platform	MetaTrader 5, DTrader
Trading app	Available on web browser
Demo Account	Yes, unlimited
Early Closure	Available
Deposit Options	Bitcoin, credit/debit cards, Ethereum, FasaPay, Litecoin, Neteller, PayPal, Perfect Money, QIWI, Skrill, Tether (USDT), WebMoney, wire transfer
Deposit Currencies	United States dollar, Euro, Great Britain pound
Minimum Deposit	$5
Minimum Trade	$1
Maximum Trade	$350,000
Online Since	2020
Trading Instruments	Currencies, commodities, volatility indices, synthetic indices
Number of Trading Instruments	173
Binary Option Types	Rise/Fall, Higher/Lower, Touch/No Touch, Matches/Differs, Even/Odd, Over/Under, Multiplier
Customer Support Types	Email, office, phone, web form
Tools Offered	MetaTrader 5, self-exclusion, pricing tables, flexible expiry times
Awards	None listed
Languages	English

Deriv Review: Understanding the Broker

Deriv is an innovative online trading platform that emerged in 2020, designed to cater to a diverse range of trading opportunities in the financial market. Operating under multiple regulations, including the Malta Financial Services Authority and the Vanuatu Financial Services Commission, Deriv provides a secure environment for traders worldwide, although it currently excludes clients from the United States, Canada, and Hong Kong. The platform is backed by reputable entities, including Binary Investments (Europe) Ltd and several others located in different jurisdictions, assuring users of its legitimacy.

Deriv boasts a variety of trading instruments, offering access to approximately 173 assets including currencies, commodities, and volatility indices. Users can engage in diverse trading options, such as traditional binary options (Rise/Fall), and more advanced instruments like contracts for difference (CFDs). This broad selection of trading choices allows both novice and experienced traders to explore different strategies and methods.

The platform further enhances the trading experience by providing two robust trading interfaces: MetaTrader 5, known for its advanced analytical tools, and DTrader, a user-friendly web-based platform. Additionally, Deriv’s flexibility in trade sizes, starting from as low as $1, combined with the ability to handle large trading balances, makes it an appealing choice for traders with varying financial capacities and risk tolerances.

Deriv Review: Pros and Cons

Advantages:

• Low Minimum Deposit: Start trading with just $5.
• Diverse Trading Instruments: Offers 173 different assets.
• Flexible Expiry Times: Allows for both short-term and long-term trades.
• Regulated Broker: Operates under various financial authorities.
• Demo Account Available: Unlimited practice with no time limit.

Disadvantages:

• No US Traders Accepted: Not available for users in the U.S., Canada, and Hong Kong.
• Lack of Live Chat Support: Limited customer support options during trading.
• New Broker: Still relatively untested and may have potential reliability issues.
• Limited Educational Resources: Minimal training materials available for beginners.

Deriv is an innovative online trading platform that emerged in 2020, built on the foundation of one of the oldest binary brokers, Binary.com. It provides traders with access to a wide array of trading instruments, including binary options, contracts for difference (CFDs), and other complex derivatives. In this extensive review, we will explore the key features of Deriv, including its trading platforms, regulatory framework, payment options, trading conditions, and more, to help you determine if this broker aligns with your trading goals and needs.

Company Overview

Deriv operates under several entities, including Binary Investments (Europe) Ltd, Binary (SVG) LLC, Binary (V) Ltd, and Binary (BVI) Ltd. Their headquarters are located in multiple jurisdictions, such as Malta, St Vincent and the Grenadines, Vanuatu, British Virgin Islands, and Malaysia. Regulated by various financial authorities, Deriv aims to provide a secure trading environment.

Regulation and Legal Standing

One of the defining characteristics of Deriv is its commitment to transparency and regulation. The broker is authorized by reputable regulatory bodies including:

• FSA (Labuan), MB/18/0024
• FSC (BVI), SIBA/L/18/1114
• MFSA, C70156
• Vanuatu Financial Services Commission, 14556

By being regulated in multiple jurisdictions, Deriv offers traders peace of mind, knowing that they are participating in a securely monitored trading environment.

Trading Platforms

Deriv provides its users with access to two main trading platforms: MetaTrader 5 (MT5) and DTrader. Each platform is tailored to cater to different trading preferences and styles.

MetaTrader 5

MT5 is a widely recognized trading platform that allows users to trade various assets, including currencies, cryptocurrencies, and volatility indices. The platform is equipped with advanced charting tools and supports auto-trading through expert advisors. Users can analyze market trends using their preferred MetaTrader indicators, making it an excellent choice for both novice and experienced traders. Notably, volatility indices on MT5 are available for trading around the clock, even during weekends, setting it apart from many traditional market options.

DTrader

DTrader serves as Deriv’s proprietary web-based trading platform. This user-friendly interface can be accessed directly from a browser, eliminating the need for software installation. DTrader allows users to trade all types of binary options while also providing comprehensive chart analysis tools. It is particularly beneficial for those who prefer a straightforward trading experience.

Trading Instruments

Deriv offers a diverse range of trading instruments, providing numerous opportunities for traders. The available instruments include:

• Currencies: Major and minor currency pairs for forex trading.
• Commodities: Popular commodities like gold and oil.
• Volatility Indices: Synthetic indices that simulate market fluctuations.
• Synthetic Indices: Instruments that mimic real market behavior.

With about 173 trading instruments at their disposal, users can engage in various trading strategies across multiple market segments.

Trading Conditions

Deriv boasts favorable trading conditions that cater to a broad spectrum of traders. For instance, the platform allows a low minimum deposit of only $5, making it accessible to new traders. Furthermore, micro-trades can start as low as $1, while advanced traders can make large investments up to $350,000.

Unlike many brokers, Deriv supports flexible expiry times for trades. Users can choose to engage with options that expire in a few minutes or set expiry periods that last days, weeks, or even up to a year. This range of options positions Deriv as an accommodating platform for both short-term and long-term traders.

Binary Options Trading

Deriv provides a variety of binary option types, including:

• Rise/Fall (Call/Put)
• Higher/Lower
• Touch/No Touch
• Matches/Differs
• Even/Odd
• Over/Under
• Multiplier

These diverse options allow traders to implement different strategies based on market predictions. Notably, some of these trade types can generate exceptionally high payouts of up to 1,000%. This potential for lucrative returns sets Deriv apart from many competitors.

Payment Options

Deriv offers a range of flexible payment options and does not impose fees for incoming or outgoing fund transfers. Traders can deposit using various methods, including:

• Credit/Debit Cards
• Bank Transfers
• Electronic Payment Systems (Neteller, Skrill, etc.)
• Cryptocurrencies, such as Bitcoin, Litecoin, and Ethereum
• Tether (USDT)

Traders have the option to maintain accounts in several currencies, including US dollars, British pounds, and euros, simplifying transactions for a global audience. The minimum deposit requirement is low, allowing users to get started with trading without significant financial commitment.

Customer Support

Deriv prioritizes customer service, providing various channels for support, such as:

• Email
• Phone consultations
• A web form for inquiries

However, it is important to note that Deriv currently does not offer live chat support, which can limit immediacy in resolving urgent trading queries.

Educational Resources

While Deriv does not offer extensive educational materials compared to some other brokers, it does maintain a help center that covers the basics of trading. New traders can find introductory content that introduces them to the trading platforms available. Resources are limited, so traders seeking comprehensive educational support may need to supplement their learning through external resources.

Demo Account

Deriv allows users to open an unlimited demo account, providing an excellent opportunity for practice trading without the risk of capital loss. This demo account enables traders to familiarize themselves with the interface and test different strategies before engaging in real-money trades. This feature is particularly important for beginners looking to build confidence and skills.

Advantages and Disadvantages

Every broker comes with advantages and disadvantages. For Deriv, some notable advantages include:

• A variety of trading instruments and options available
• The ability to execute trades from as low as $1
• Comprehensive and user-friendly trading platforms
• Access to both short-term and long-term trading strategies

However, there are some drawbacks to consider, such as:

• Limited educational content on the platform
• No live chat customer support available
• The company is relatively new and may not have the same level of trader feedback compared to long-established brokers

Overall, Deriv presents a promising platform for those interested in binary options and other trading instruments. Its regulatory compliance, range of trading options, and user-friendly platforms make it a worthy contender in the competitive online trading environment. Whether you’re a novice trader or an experienced professional, exploring Deriv’s offerings may reveal options that align well with your trading preferences and strategies.

Deriv is a modern trading platform launched in 2020, offering a wide range of financial instruments including binary options, CFDs, and various indices. The broker is regulated across multiple jurisdictions, providing a sense of security for users. With a minimum deposit of just $5 and the ability to trade with amounts starting at $1, Deriv is accessible for both beginners and experienced traders. The platform features two trading interfaces: DTrader and MetaTrader 5, allowing users to perform intricate analyses and automate their trading strategies. However, while don’t charge for fund transfers, it lacks live chat support, which could be a drawback for urgent inquiries. Overall, Deriv stands out for its user-friendly design and diverse trading options, but prospective users should evaluate customer service and software performance before investing.

Frequently Asked Questions (FAQ) – Deriv Review

What is Deriv?

Deriv is a trading platform that offers binary options, CFDs, and other complex derivatives, catering to a global audience.

Is Deriv regulated?

Yes, Deriv operates in multiple jurisdictions and is regulated by authorities such as the FSA in Labuan and the MFSA in Malta.

What types of accounts does Deriv offer?

Deriv provides both live trading accounts and demo accounts for practice without time limits.

What is the minimum deposit required?

The minimum deposit is just $5, making it accessible for beginners.

Can I trade with Deriv in the USA?

No, Deriv does not accept traders from the United States, nor from Canada and Hong Kong.

What payment options are available?

Deriv supports various payment methods, including credit/debit cards, bank transfers, and cryptocurrencies like Bitcoin and Ethereum.

What trading platforms does Deriv use?

Deriv features its own platform, DTrader, as well as MetaTrader 5 for advanced trading.

What are the trading conditions?

Traders can start with trades as low as $1 and can make larger trades up to $350,000.

Are there any commissions on trades?

No, Deriv operates on a commission-free cost structure.

What types of instruments can I trade?

You can trade a wide variety of instruments such as currencies, commodities, and indices—over 170 instruments are available.

Is customer support available?

Yes, Deriv offers customer support through email and phone, but lacks live chat assistance.