12345
5.0 / 5
Rating of the Binaryoptions.com team
Withdrawal
5.0
Deposit
5.0
Offers
5.0
Support
5.0
Platform
5.0
Yield
4.9

Deriv.com review 2023 – Is it a scam or not? – Test of the broker

  • Supports automated trading
  • Regulated trading
  • Multiple platforms
  • Different financial products
  • MetaTrader 4/5
  • High yield 90%+

Improving your expertise and honing your talents will not raise your possibilities of winning in the binary options market. You should always pick a reputable broker who is concerned about your financial security.

The availability of broker companies in the binary options industry is all over the place. There are many brokerages with fancy terms of service, but it is not always possible to choose a reliable broker.

We’ve prepared this Deriv.com review to assist you in making the best-educated decision regarding your binary options broker. It will assist you in determining if you can use this brokerage or if it is yet another scam.

Quick facts about Deriv:

⭐ Rating: (5 / 5)
⚖️ Regulation:Regulated by several authorities
💻 Demo account:✔ (available, unlimited)
💰 Minimum deposit5$
📈 Minimum trade:Less than 1$
📊 Assets:100+, Forex, commodity markets, equities, and synthetic indexes
📞 Support:24/7 phone, chat, email
🎁 Bonus: No-deposit welcome bonus available
⚠️ Yield:Up to 90%+
💳 Deposit methods:Bank wire transfers, credit/debit cards, e-wallets, and cryptocurrencies
🏧 Withdrawal methods:Bank wire transfers, credit/debit cards, e-wallets, and cryptocurrencies
💵 Affiliate program:Available
🧮 Fees:Low spreads and commissions apply. No deposit fees. No withdrawal fees. No hidden fees.
🌎Languages:English, Arabic, Spanish, French, Indonesian, Italian, Polish, Portuguese, Russian, Thai, Vietnamese, Turkish, German, Chinese, Japanese, Bangla, Korean
🕌Islamic account:Not available
📍 Headquarter:Kingstown, St. Vincent and the Grenadines
📅 Founded in:1999
⌛ Account activation time:Within 24 hours

› Sign up for free with Deriv now!

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What is Deriv.com?

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› Sign up for free with Deriv now!

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Deriv.com was developed to honor Binary.com’s creativity and progress. Over the course of 20 years, the brokerage has evolved by concentrating on the requirements and interests of its clients and on innovations. It enables users to trade FX, commodity markets, equities, and synthetic indexes. 

The foundation firm of Deriv brokerage is Regent Markets Group, which was established in 1999 with the goal of making internet trading more available to the common people. The Group has since developed and renamed while remaining committed to its core objective. Deriv provided options trading and was bought in 2000 when Regent Markets built its own branch in Malta.

Deriv.com trading platforms
Deriv.com trading platforms

Binary.com has created and founded Deriv.com which is a relatively fresh trading system in the industry. The latest website, which offers CFDs, binary options, and FX trading, is accessible through an internet interface DTrader, a Metatrader framework (DMT5), as well as an automatic trading platform named DBot.

Binary.com recently experienced a rebranding to the fresh and better interface called Deriv after two decades of providing services to its retail customers. The platform now has a broader asset offering, a better user interface, and a newly designed logo.

Binary.com’s approximately 1 million clients, who are involved in 43 million transactions per month as well as $6 million in monthly payouts, will gradually transfer to Deriv.com.

Although the Marshal Island-based binary trading platform performs well overall and is popular with many brokers, it does have its drawbacks. Many traders appreciate the ability to trade from as little as $0.1, which makes the platform very attractive. Unfortunately, Binarycent is unregulated, which is why we cannot give it a full 5 out of 5 stars. Below you will find a comparison of the pros and cons of the trading platform:

Advantages:

  • Friendly customer support
  • Secure and regulated
  • Backed and developed by Binary.com
  • Offers binary options (yield up to 100%), forex, CFDs
  • Leverage up to 1:1000
  • Great user-interface
  • Many tradable assets

Disadvantages:

  • Not available in some countries
› Sign up for free with Deriv now!

(RIsk warning: Your capital can be at risk)

Regulation of the broker

Regulation safeguards consumers against fraudsters. There are several frauds circulating online these days, and therefore we must be cautious. As investors, we understand that the protection of our investments is our main consideration when determining where to invest. Regulations are highly important in the trading sector since a brokerage cannot function legally unless they are licensed and supervised. This protects you since the brokerage is considered to be legitimate and reliable because of these regulations.

Deriv.com is a reputable brokerage that is licensed in numerous jurisdictions. Deriv is supervised in the European Union by the Malta Financial Services Authority (MFSA).

Deriv.com MFSA regulation

The firm is authorized by the Vanuatu Financial Services Commission (FSC) as well as the British Virgin Islands FSC for clients beyond the EU. Furthermore, Deriv.com, the broker, is supervised by Malaysia’s Labuan FSA. Ever since its inception in the trading market, Deriv has been considered a trustworthy broker. The organization is honest and cherishes the confidence of its consumers.

Deriv.com is regulated by the VFSC

Deriv.com is regulated by the following authorities:

Some facts about the security of BinaryCent:

Regulation:Deriv (Europe) Limited is regulated by:
– The Malta Gaming Authority (MGA/B2C/102/2000)
The Labuan Financial Services Authority (MB/18/0024)
– The British Virgin Islands Financial Services Commission (SIBA/L/18/1114)
– The Vanuatu Financial Service Commission
The Financial Commission
SSL:Yes
Data protection:Yes
2-factor authentication:Yes
Regulated payment methods:Yes, available
Negative balance protection:Yes
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Safety for customers on Deriv

We, as a trader, need to verify the safety of our funds while making trade decisions. Deriv.com is a brokerage that guarantees its users’ funds are not involved in any of its business activities by separating them in a safe and registered organization. The user has the right to withdraw their funds at any moment. 

Moreover, a user remains protected in the unusual occasion where Deriv becomes bankrupt; every bit of the customer’s funds would be refunded to them because it was not combined with the firm’s capital.

Deriv is indeed concerned about the safety of the firm and clientele. As a result, the firm has implemented one of the finest security protocols, like SSL encryption, to safeguard its users’ funds and confidential information.

The firm promises to comply with strict legal and ethical norms. Furthermore, the firm urges its clients to engage in safe and sensible trading. Deriv’s so-called ‘practice safe and sensible trading’ is illuminating and assisting clients in their trading experience.

› Sign up for free with Deriv now!

(RIsk warning: Your capital can be at risk)

Trading conditions (What are the offers on Deriv?)

Trading conditions:

Quick facts about the offers of Binarycent:

Minimum trade amount: Less than $1
Trade types:Binary Options, digital options
Expiration time:60 seconds up to 4 hours
Leverage:Up to 1:1000
Markets: 100+
Forex:Yes
Commodities:Yes
Indices:Yes
Cryptocurrencies:Yes
Stocks:Yes
Maximum return per trade:Up to 90%+
Execution time:1 ms (no delays)

Review of the trading platforms

  • A demo account is provided for free
  • The maximum leverage is 1:1000
  • Minimum investment €/£/$ 5
  • Offers more than 100 tradeable assets (FX, commodity markets, equities, and synthetic indexes)
  • OTC assets are available on the weekend on Deriv
  • 24/7 trading is available
  • Binary options (up to a 100 percent return), forex trade, and CFD trading are available
  • Trades are executed quickly
  • Offers automatic trading
  • Provides trading platforms that are basic but effective
Deriv.com trading steps

Deriv’s assets include currency, commodity markets, equities, and synthetic indexes. The firm also offers to trade binary options. The firm provides three types of accounts to its clientele: financial account (standard), financial STP account, and demo account. Moreover, the systems are straightforward, user-friendly, and efficient. Deriv has a solid history as a dependable brokerage with over twenty years of operating history.

Deriv.com offers 3 trading platforms, as well as Binary.com’s Smart Trader platform.

› Sign up for free with Deriv now!

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#1 DTrader

DTrader

The DTrader system, which can be customized, has a simple design and more than 50 traded assets. With analytical signals and gadgets, charts can be customized to match the demands of traders. Trading options can also be customized, with contract sizes as small as $0.35 and trading durations ranging from 1 second to 1 year.

Maximum payoffs are also more than 200 percent. The DTrader platform is a fantastic development in trading systems, providing an amazing customer experience.

#2 SmartTrader

The SmartTrader operates as a trading system for digitized options. The benefit is that you have additional features and alternatives for initiating a trade in this. The ordering screen is available right in front of you and provides the finest operation. You can view the graph and perform a visual analysis by scrolling down. It has a segment for newbies that explains “how to trade.”

› Sign up for free with Deriv now!

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#3 Dbot

DBot

Deriv’s DBot system does not require programming. It is a technique generator to trade digital options that are available over the internet. This system includes an automatic bot that executes transactions on your behalf. 

Essentially, it is a platform on which a user can create their own trade bot by dragging and dropping ‘blocks.’ It comes with three pre-built tactics on Deriv and has 50 assets to help you launch your bot, and it costs nothing to create. It offers strong research tools, well-developed signals, and clever concepts such as book profit and stop-loss.

This clever approach optimizes earnings while limiting losses. DBot is simple to operate and extremely efficient. It also includes a monitor that tells you about your bot’s performance with every transaction done. All alerts are delivered through Telegram. You can efficiently and simply create your personal trade bot.

› Sign up for free with Deriv now!

(RIsk warning: Your capital can be at risk)

#4 DMT5

DMT5

It is a system, which integrates MT5 and associated analytical and research tools, is simple to operate, and is full of excellent features. It is an excellent combo for traders of all skill levels. It is totally customizable, allowing traders to build up indicators and trading regions as they see fit. Various trade panels can be opened at the same time, or single panels can be separated and relocated as needed.

Asset categories are simple to identify and explore — The system has over 70 products, and this count is constantly expanding as the business grows. Leverage of up to 1:1000 is also provided. Moreover, trade volumes ranging from micro-lots to 30 regular lots are offered.

› Sign up for free with Deriv now!

(RIsk warning: Your capital can be at risk)

Account types offered by Deriv

Deriv provides 3 distinct account options with access to various trade assets.

#1 Synthetic Account

This account enables trade on synthetic indices, which are indexes meant to imitate the movements of actual assets. Still, these assets are not affected by real-life activities like central bank announcements, financial reports, etc. This account’s leverage can be extended up to 1:1000.

The account allows you to trade all over the week, making it extremely handy. Since no other brokerage provides synthetic assets to trade with, it is the most preferred account option on Deriv.com.

#2 Financial Account

This standard account allows both novice and professional traders to deal with commodities, cryptos, main (regular and micro-lots), and small currency pairings with substantial leverages. This account provides users with a high level of leverage and changeable margins for optimum convenience.

#3 Financial STP Account

This account allows you to trade with minor, exotic, and major currency pairings with narrow margins and huge trading volumes. This is a 100 percent book account in which investors’ trades are sent directly to the marketplace. 

Traders now have direct access to the FX liquidity provider. An impartial third party audits these accounts for impartiality and enables users to trade contracts for difference (CFDs) on synthesized indexes.

#4 Free Demo Account

Deriv provides a demo account as one of its fundamental mission as a brokerage that supports safe and ethical trading. The organization encourages its customers to recognize that trading is a critical practice that has a significant level of risk. 

This complimentary demo account is available on every platform Deriv delivers and is easily accessible. The demo account simply takes your email address, and you will be redirected to it straight away. This sample account has $10,000 in imaginary money.

› Sign up for free with Deriv now!

(RIsk warning: Your capital can be at risk)

How to open an account on Deriv?

Creating a real account on Deriv is simple and quick. You just need to have is a valid email address, and you can signup instantly. If you have an account on Binary.com, you can also use the same login ID and password to access Deriv.

Sign up with Deriv

The procedure of creating an account with Deriv is straightforward. The steps are as follows:

  1. Browse to the Deriv homepage 
  2. In the signup screen, select the “Create free demo account” option or signup using a social networking site.
  3. Specify your email address, tick the box, and then press the “Create demo account” option.
  4. A mail with a hyperlink to validate your Deriv registration will be sent to your email account. To verify, select the “Verify my email” option.
  5. Now, you will be redirected to a new screen where you may set up a new demo account, specify your location, provide an account password, and hit “Start trading.”

Cheers! Your Demo Account setup is complete! You will get $10,000 virtual money to trade with your Demo Account.

To open a real account, follow the below-mentioned steps:

  1. Select the “Real” tab on the left side of the “Demo” tab.
  2. Below that, you will “Deriv Accounts,” select the “Add” option.
  3. Then, select the currency and then press the “Next” button.
  4. Provide your personal information and then select “Next.”
  5. Input your location information and then select “Next.”
  6. Review Deriv’s Terms of Service, tick the box and then hit the “Add account” option.
  7. Your Real Account signup is complete.
› Sign up for free with Deriv now!

(RIsk warning: Your capital can be at risk)

Fees & spreads

Deriv.com guarantees narrow spreads and low trading costs. Because the organization is still in the process of implementing its latest program, regular spreads and fees figures are limited. Binary.com, on the other hand, had a good image for moderate spreads and a clear price framework.

Accounts that have been unused for one year may be imposed an inactive penalty.

The firm doesn’t charge any fees or charges for deposits or withdrawals.

App for mobile

Deriv.com customers do not presently have access to mobile trade. However, this is most likely owing to the rebranding and framework revamp. We believe that after this procedure is completed, the firm will provide its platforms accessible via mobile apps.

Leverage 

Investors use deriv.com because of the variable leverages it provides. Traders have access to leverage of up to 1: 1000.

These variable leverages enabled investors to increase their anticipated profits by moving to a larger lot size with little investment.

It is crucial to remember that margin limits and leverage ratios will differ depending on the type of account and country in which the profile is registered.

› Sign up for free with Deriv now!

(RIsk warning: Your capital can be at risk)

Deposits and withdrawals on Deriv

Bank wire transfers, credit/debit cards, e-wallets, and cryptocurrencies are all acceptable methods of deposit. Bank money transfers require as little as $5 of initial deposit.

Basic payments of 10 $ / £ / € / Au are needed while using Visa or MasterCard credit and debit cards.

E-wallets like Skrill, Neteller, Fasapay, Webmoney, Paysafe, and many others are accessible with a nominal investment of $5.

Real-time deposits are offered for bank wire transfers, card payments, and e-wallets.

Cryptocurrencies can be used to deposit money as well. BTC, Ether, LTC, and Tether are examples. There is no minimum payment requirement for them. 3 blockchain approvals are required to complete the transactions.

Withdrawals offer choices similar to deposits. According to the operator, a bank transfer would begin with a minimum withdrawal of $5.

It can take up to 2 days to complete. For bank cards, the least withdrawal is $10 and takes a maximum of one day to process.

Note: MasterCard and Maestro withdrawals are available for traders from the United Kingdom only.

To withdraw money using an e-wallet, at least 5 of the main currency must be withdrawn. It is completed within 1 business day.

Furthermore, Bitkin has the least withdrawal amount amongst cryptocurrencies, at 0.0026. It takes one day to execute using 3 blockchain confirmations.

Clients of Deriv.com doesn’t levy extra charges to withdraw earnings, just as they are not charged for deposit. As a result, Deriv is among the best available and cost-effective brokerages for withdrawals and deposits.

› Sign up for free with Deriv now!

(RIsk warning: Your capital can be at risk)

Bonus & incentives

Deriv provides a variety of discounts and incentives to its customers. The FX platform offers a no-deposit welcome bonus. These promo codes may be found in a variety of sources.

With deriv.com, there are fewer offers available. This is due to the fact that it is currently going through the change.

Traders can anticipate better offers once the switch from Binary.com is complete. However, given the broker’s promises of cheap minimum deposits and minimal fees, it’s rather predictable. Furthermore, a 2018 EU legislation limits the benefits Deriv.com may provide to European traders.

Nonetheless, it’s worth focusing on Deriv’s homepage for potential fresh signup incentives and existing client benefits.

Customer support

Customer assistance is accessible 24X7, much like trading. The global support desk’s telephone support number is +44 1942 316889.

Customer service can be reached at [email protected] There are 2 ways to reach deriv.com customer service:

Support center: – This is a self-service facility that assists in identifying solutions to a wide range of queries about accounts and any difficulties on the system.

Ask the community: — This facility provides a list of concerns that existing users have answered, and the user can utilize these responses to discover the best possible solution.

SUPPORT CHAT:PHONE (ENGLISH):EMAIL:ADDRESS:
24/7+44 1942 316889[email protected]13 Castle Street, St. Helier, JE2 3BT, Jersey

Security

To protect important customer information, Deriv employs SSL web authentication. Their safety regulations are industry-standard, so clients can rely on the brokerage to protect their confidential data.

Accepted and banned countries

Deriv only enables users above the age of 18 to use its products. Furthermore, this firm’s services are not available in nations like Hong Kong, The United States, and Canada.

Suppose you are a citizen of Malta, Canada, France, Hong Kong, Israel, UAE, Malaysia, Paraguay, the United States, or a prohibited nation listed by the Financial Action Task Force (FATF) as exhibiting significant inadequacies. In that case, you will be unable to set up an account on Deriv.

› Sign up for free with Deriv now!

(RIsk warning: Your capital can be at risk)

Pros of Deriv.com

  • Provides a vast range of deposit and withdrawal options

This is extremely efficient for traders. Additional alternatives, such as Dp2p and payment intermediaries, make it even easier for investors to transfer funds in and out of the trading accounts via localized forms of payment that the firm is not officially allowed.

  • Provides the well-known synthetic indexes

Deriv is the sole firm that provides synthetic indexes, which have grown in popularity among traders owing to their consistent fluctuation and 24-hour accessibility.

  • Clients and development are prioritized
  • Customer service that is both competent and kind
  • Safe and controlled
  • Binary.com provided support and development
  • Return multipliers are used to boost the possible earnings
  • 3 distinct trading platforms are available

Cons of Deriv.com

  • Several countries do not have access to it.
  • Signup incentives and recurring offers are rare
  • Doesn’t offer any copy or social trading tools.

Comparison of Deriv with other binary brokers:

If we compare Deriv with other brokers, we can say that Deriv is one of the best binary brokers out there. We have given Deriv 5 out of 5 stars. Its unique selling point is the regulation by several authorities and the excellent user experience. Here is a comparison with IQ Option and Pocket Option:

1. Deriv2. Pocket Option3. IQ Option
Rating: 5/55/55/5
Regulation:Regulated by multiple authoritiesIFMRRC/
Digital Options: YesYesYes
Return:Up to 90%+Up to 93%+Up to 100%+
Assets:100+100+300+
Support:24/724/724/7
Advantages:Multi-regulated and secureOffers 30-second tradesOffers CFD and forex trading as well
Disadvantages:Not available in every countryNo phone supportNot available in every country
➔ Sign up with Deriv➔ Visit the Pocket Option review➔ Visit the IQ Option review

Wrapping up – Is Deriv legit or not? – We think, yes!

The answer is Yes. Deriv has been functioning legally in the trade market for over two decades, and has been upgraded, improved, and is continually developing. The organization drives development and has made it a priority to provide excellent service to its consumers. The redesign provided additional options and alternatives for traders in terms of how they wanted respective trades to go.

It allows you to invest and pick from over 100 instruments, including Forex, equities, commodities, and indexes. It has a large selection of options for trading. The platforms are straightforward, user-friendly, and robust. The firm offers hefty leverage of approx. 1:1000. The tools have been developed and improved, and customer care is efficient and polite. 

This firm is recommended because of its expertise, verified statistics, and commitment to servicing its clients through its goods and facilities. We can state that Binary.com’s makeover is solid, well-thought-out, and worthwhile.

› Sign up for free with Deriv now!

(RIsk warning: Your capital can be at risk)

Most asked questions (FAQs) about Deriv:

Is Deriv safe?

Deriv is a legitimate trading platform that is completely supervised and honest, featuring excellent operating standards, minimal transaction costs, and excellent service execution, assisting clients in accomplishing their dreams. It is suitable for all sorts of users with varying degrees of expertise.

How does Deriv make money?

Deriv makes its major earnings from advertisement and affiliate programs.

What exactly is the distinction between Deriv and Binary.com?

Deriv.com is the Binary.com company’s most recent iteration and makeover. Binary.com will eventually be scrapped and succeeded by Deriv.com.
With an existing username and password, Binary.com users can log in to the system and view earnings and trades just on the Deriv.com site.

Is it possible to earn on Deriv?

Here on the deriv.com website, you may earn money by trading forex pairings, synthetic indexes, and cryptos. Currency trading, being the largest trading sector, sees significant quantities of funds exchanged on a regular basis. Unlike other trade systems, this market eliminates actual items and delegation.

Do withdrawals on Deriv require verifications?

No, unless requested, you will not have to validate your Deriv registration. If your registration needs to be verified, the firm will notify you through emails to begin the procedure and give you detailed information on how to produce the documentation.

Is Deriv a good broker?

Deriv can be considered to be a good broker because the trading conditions are excellent. There is the option to start with a risk-free demo account. If traders have any questions, they can always contact a competent customer support team. They respond within the shortest possible time. All these facts make Deriv an excellent choice.

› Sign up for free with Deriv now!

(RIsk warning: Your capital can be at risk)

See our comparisons with other brokers