Finding a reliable forex broker is as vital as expanding your financial trading skills and experience. You risk losing your money if you don’t find such a broker, but a trustworthy broker can assist you in raising your chances of success.
Binary.com has created and backed Deriv.com, a broker platform. The new platform provides trading in CFDs, binary options, and Forex via a web-based platform (DTrader), DMT5 (an MT5 platform), Dbot – an automated trading system, and the new platform – Deriv X.
What you will read in this Post
Company overview – Is it a real company?
Binary.com has rebranded to the improved Deriv after twenty years of service for retail clients. The site currently has a wider product range, a better user experience, and a new logo. Binary.com’s approximately one million clients will shift to Deriv.com.
Deriv.com has three trading platforms to choose from and also Binary.com’s SmartTrader technology.
The platform, which includes MT5 and related research and analytical tools, is easy to utilize but rich in capabilities. It’s a fantastic combination for traders of all ability levels.
It allows traders to construct their trade and chart zones. Individual trade windows can be split and repositioned as needed, or multiple trade windows can be active simultaneously.
The platform already contains over 70 financial assets, plus more on the horizon as the business grows. Asset listings are easy to find and explore. A variable leverage option of a maximum of 1:1,000 is available. Numerous trade sizes are available, from micro-lots to about 30 standard lots.
The DTrader platform provides a straightforward user interface and over 50 traded assets. Traders can utilize technical trading indicators plus widgets to tailor charts to meet their needs. With position sizes as little as $0.35 and trade periods spanning from a single second to 365 days, transaction types can be customized easily.
The possible payouts are also well over 200 percent. The DTrader is a terrific trading system that guarantees a fantastic user experience.
The automated trading platform at Deriv.com is among the best on the market. The DBot technology makes algorithmic investment simple to understand.
Trading bots are simple to build, with only five steps required, and may be used with more than 50 different assets. Traders can also get their start with three pre-built strategies. A performance tracker is an additional tool that allows users to make adjustments to increase profitability.
The broker’s latest CFD trading platform, Deriv X, supports cryptocurrencies, forex, commodities, and synthetics. Drag and drop widgets, create your layouts, and develop your platform to customize the entire user interface.
A great tool will be set out every possible position’s margin impact before you open it. The charting software includes more than 90 built-in indicators, numerous windows, and 13 sketching tools.
Assets and markets
Deriv.com offers over 100 different products.
- Forex – Over 50 currency pairs, including exotics, majors, and minors, are accessible.
- Stock indices – Predict price fluctuations in the major stock indices in the United States, Asia, and Europe.
- Synthetic indices — Synthetic indices based on the safe random generator imitate real-world market scenarios and are available with consistent volatility.
- Commodities – Precious metals like silver and gold and energy sources like oil are available.
Options and multipliers can be found at Deriv.com. Traders who do not own the underlying asset can benefit by correctly anticipating price movements.
You can profit from the Rise/Fall option if you can predict if the exit point will be below or above the entering point. There are about a dozen distinct options and payouts from which to choose.
Users can use multipliers to enhance the size of their positions, and they frequently take multiple positions to maximize their potential rewards. Traders can’t lose more money than they put in, decreasing risk. Multipliers are always similar to margin trading.
Spreads & commissions
Deriv.com claims low trading fees plus tight spreads. While the corporation is still deploying its new system, average spreads and commission information are limited. Binary.com, on the other side, was known for having competitive margins and a straightforward pricing structure. A dormant fee may be applied to accounts that have been dormant for 12 months.
Deriv offers leverage of up to 1,000:1.
Customers can take larger positions by depositing a small amount of money, known as a margin, to increase their potential returns. The margin, as well as leverage requirements, vary based on the account as well as the nation from which it is opened. For example, retail traders’ leverage on important currency pairings is limited to 1:30 in the EU.
At present, Deriv.com traders have access to mobile trading. This is likely due to the platform and brand refresh.
Deriv.com payment options
This reviewer was most impressed by the range of deposit & withdrawal options that are available.
Payment methods for deposits include:
- Bank wire transfer – Deposits begin at just $5 and are completed almost instantaneously.
- Visa and MasterCard credit cards/debit cards are accepted, with a minimum of 10 EUR/AUD/USD/GBP deposits. Credit and debit card deposits are handled immediately.
- E-wallets — Skrill, Fasapay, Neteller, PaySafe, and WebMoney, among others, are all available. The minimum deposit is 5 of the base currency, handled immediately.
- Cryptocurrency – You can use Litecoin, Bitcoin, Ethereum, and Tether to fund your Deriv.com account. No Deriv minimum deposit and payments are processed in 3 blockchain confirmations when utilizing cryptocurrencies.
All deposit payment options are available for withdrawal from your Deriv.com account.
Bank withdrawals begin at 5 of the base currency and take 1-2 working days to be able to process, based on the supplier.
The minimum debit/credit card withdrawal is 10 of the base currency, and it takes one working day to process. Maestro and MasterCard are solely available to traders in the UK.
To withdraw funds from an e-wallet, users must withdraw a minimum of $5 of the base currency, which will be processed within a single business day.
Finally, Bitcoin has the smallest minimum withdrawal value of 0.0026, and cryptocurrency withdrawals take a single working day plus 3 blockchain confirmations.
Customers at Deriv.com do not pay any fees to take their gains, just as they do with deposits. Deriv is thus one of the most cost-effective and accessible brokers for depositing and withdrawing funds.
Deriv provides a free trial account. This is a replicated version of the ‘live’ trading section so that traders can have a feel for it.
The demo account can be utilized for back-testing strategies or even learning to trade. There is no time limit on the demo account, accessible on Deriv.com platforms. It also comes with an infinite bankroll.
Promotions & bonuses
There are currently no active promotions. This is perhaps unsurprising because the broker offers low minimum deposits and costs. Moreover, a 2018 European Union regulation restricts Deriv.com’s ability to offer bonuses to European traders. However, keep an eye on the Deriv.com site for new sign-up offers or existing customer incentives.
Regulation and licensing
This assessment is positive. Deriv.com is a well-known broker that has received numerous regulatory certifications. Deriv in the EU is regulated by the Malta FSA (Financial Services Authority).
For trading outside the European Union, the broker has licenses from the British Virgin Islands Financial Services Commission and the Vanuatu Financial Services Commission (FSC). The Labuan Financial Services Authority (FSA) in Malaysia also regulates Deriv.com.
Due to licensing restrictions, customers are safeguarded from losing much more than their initial investment. Financial services compensation packages are also available to make clients whole if the broker fails. It should be noted that the amount guaranteed by financial services compensation schemes do vary depending on the regulator and jurisdiction.
Many internet brokers offer extensive educational materials. However, Deriv.com does not. This is unfortunate because strategy suggestions and market commentary, particularly for novices, might be beneficial. We anticipate Deriv.com increasing its resources once its new trading platform is implemented.
Types of accounts
Deriv offers three different types of accounts:
- MT5 (DMT5)
- Synthetic Indices
Every single account offers a variety of trading options, ranging from binary options to CFDs via MT5. The account types will be offered based on the trader’s GEO location. Visitors from Singapore or South Africa, for instance, will have different account possibilities than EU merchants. This is due to ESMA legislation and derivative licensing in the EU.
Trading with Deriv.com has several benefits:
- Over 100 assets
- Live 24/7
- Profit multipliers to boost prospective profits
- Three distinct trading platforms to select from
- A variety of deposit and withdrawal options with no transaction fees
The following are some disadvantages to signing up and opening an account with Deriv:
- Ongoing incentives and limited sign-up bonuses
- No copy trading or social trading
When it comes to trading, it is available at Deriv.com 24 hours a day, 7 days a week, throughout market hours. On the other hand, Weekend trading frequently drops in volume, culminating in less competitive margins.
is available around the clock at:
- Help Center – The self-service site can help with various difficulties, including account questions and platform issues.
- Live Chat — Website-based live chat help is now available.
A live chat channel is the only conspicuous omission in customer service. Online chat may be a quick and efficient way to get help.
To protect important client data, Deriv utilizes SSL website encryption. Users may trust the broker to manage their personal information using care because their security protocols are industry-standard.
Is Binary.com still open for business?
During the transition, users can trade on Binary.com. Traders may benefit from migrating to the Deriv platform sooner since Binary.com will be phased out over time.
The development team has made every effort to make the procedure as simple as possible. Accounts on Deriv.com are nearly comparable to those on Binary.com.
So, log in with your Binary.com credentials to access your funds. Navigate to account settings and then trading options.
Conclusion: Deriv is a real company and broker
Binary.com has evolved into Deriv.com (a real company based in many countries), which is even more popular. Traders can choose from various platforms to fit their trading styles and goals. Depositing funds and withdrawing profits on Deriv is simple and quick. Users also gain by registering with a trustworthy company that is licensed in many jurisdictions.