Deriv.com is an up and coming trading platform offering binary options and CFD trading. The platforms are backed and developed by Binary.com, a well-established and one of the most trusted brokerages in online binary trading. Deriv.com is based on a strong background of industry experience and the team behind the platform is the most professional and abled as one can expect. Learn more on how far this new brand pushed the limits of online trading in our Deriv.com Broker Review.
First of all, Deriv.com offers a free Demo account like all other top trading platforms. Every user gains access to a demo account with 10000 USD when they register. The demo account can be used to try out trading tools and products before starting with real money. If you are new to binary trading and a keen learner, we suggest you enhance your trading knowledge and skills with the demo account facility.
A Demo account provides you the opportunity to find out about your trading capabilities and stress endurance before starting with hard-earned real money.
To all those traders that get themselves up to speed with a demo account and choose to dive into real trading, Deriv offers six uniquely different trading experiences with just one Deriv.com account. The trader can choose to trade on Dbot, Dtrade or SmartTrader platform, or choose to trade on the DMT5 platform. Deriv wisely took the best Binary.com account practices, which is no wonder, given Binary.com’s long history of binary trading and they know what users may expect from the trading platform.
On this account, you can set the start time of the trade and set the duration of the trade with a minimum of 5 ticks. The last and the most important setting on this account is to opt between the stake or payout option. The higher the stake is, the higher will be the payout for your trade if you win the contract.
Winning the contract is the trick you have to master if you don’t want to lose your money in the binary trading. Winning the contract essentially means that if you select “Higher”, you will win the payout if the exit spot is higher than the barrier and vice versa.
As mentioned, registering a Deriv account will provide access to DMT5 trading platform as well. DMT5 trading means also a good choice among 3 different trading account types: Synthetic, Financial and Financial STP. The first DMT5 account type is Financial. The second type of DMT5 account is Financial STP, that utilizes technology to enhance the trading experience even further. The use of the latest technology shows the commitment of the brokerage to provide the latest technology to their clients. You just need to select your asset, follow the chart, and purchase your option on the DMT5 account to start.
The third and currently the last type of DMT5 account offered is Synthetic Indices. The synthetic indices are developed in a way that they stimulate the real-world market movement and are unaffected by the real market liquidity risks and real-world disruptions.
Binary.com developed its platform and rebranded as Deriv.com to offer enhanced user experience and new trading options to more than 300000 global clients spread over 100+ countries. The brokerage is backed by the MT5 platform which is well known for the automated trading (trading robots) and other trading options which we didn’t think were possible
The Founder and CEO Jean-Yves Sireau is the recipient of multiple patents in his name for the binary options trading and other system related to the financial market, meaning that Deriv.com has the in-house technical expertise to enhance the platform further.
Over the past 20 years, the platform’s history has seen many turns, but it kept evolving and becoming stronger. The platform was established as Regent Markets in 1999 and was rebranded as Binary.com in 2013.
The platform is developed on cutting-edge trading software which provides the clients with endless possibilities and greater peace of mind. The platform can be easily configured as per the user’s choice meaning that the user can set the trade areas and charts as they want. The platform allows the multiple trade windows to be opened at once which is very convenient if a specific window needs to be moved around.
Deriv offers many CFD spreads, Forex Options, and Binary options. The brokerage offers crypto options as well. Other than DMT5, Deriv is backed with DTrader, a web-based platform, and DBot, an automated trading system. The platforms also have their in-house SmartTrader platform, which is pretty user-friendly.
As the platform strictly complies with the rules and regulations set by the international financial regulatory bodies, it does not allow trading services to people under the age of 18 years. The clients’ money is held in the licensed financial institutions after segregation so that it does not mix with the brokerage’s money and can be withdrawn instantaneously by the clients in case of any unfortunate event.
As per the statistics provided by the Deriv.com on their website, the brokerage so far has over $7B of trades by more than 1.2M trading accounts.
Just like its sister brand Binary.com, Deriv.com is available to traders in the majority of world’s countries and is always looking to develop innovative solutions that keep attracting more and more clients every day.
Deriv.com Trading Platforms
Deriv.com uses multiple trading software and technologies to provide a unique trading experience. DMT5 is the trading platform using MT5-based software. DMT5 is a multi-asset trading platform providing a wide range of financial markets to the traders. User can use the DMT5 to spot forex and CFDs with high leverage and variable spreads for maximum flexibility.
The DTrader is an advanced trading software that allows traders to trade more than 50 assets in the form of multiplies, digital, and lookback options. The range of assets on Dtraders includes forex, commodities, stock indices, and synthetic indices.
The platform offers three contract types on DTraders: Highs/Lows, Ups/Downs, and Digits.
DBot is a web platform for building strategy of trading digital options. On this platform, you can easily build your own bot for trading by dragging and dropping the blocks. Traders can choose the blocks from categories under the block menu. There is a detailed guide on creating and changing the bot in the help section of the website.
SmartTrader, much like Deriv platform, is a tailor-made trading platform best suited for beginners. It offers binary options trading in a simple and easy-to-use interface. With SmartTrader, you have different types of trades to choose from including
- Touch/No Touch
- and many more.
You can set your own expiry times, ranging from 1 day up to 1 year.
One of the biggest low points of the Deriv.com till now is that there isn’t any live chat available at the website for the live support which is pretty unusual for the platform with the long history of customer experience. However, there is a “How can he help?” page available in the resource section of the website which is built on the FAQ format.
The page provides more than 50 answers on a range of questions. Various questions ranging from beginner level to advanced and technical level are answered in the detail on the page. The answers to the most common user queries are divided into seven different categories.
In the “Account” section of the help page, there are multiple frequent questions added with their detailed answers. Other categories are trading, deposits and withdrawals, DMT5, DTrader, DBot, and Security. On top of the questions page, there is also a search bar so that the users can search their queries instead of going through all the questions one by one.
After the Deriv login, the support team of Deriv.com did a pretty good job while compiling all these questions with their detailed answers, we still think that there should be live support in form of helpline or live chat should be available especially when there is the hard-earned money of the users is traded on the platform.
Secondly, the market is rapidly getting saturated for the online trading platforms and the competition going to be further tough for Deriv.com, so they need to start paying more attention to providing instant customer services and user satisfaction. However, if the issue you are facing on the platform isn’t listed in the questions, then you can call helpline from Monday to Friday and 8:00 am to 5:00 pm (GMT +8) on Sat-Sun. users can also email the support team on [email protected].
Deriv Minimum Deposit
The brokerage is licensed in and outside the EU to offer financial products to clients for trading. Deriv.com is regulated under MFSA Malta, licence no. IS/70156, Labuan FSA, Vanuatu FSC, and the British Virgin Islands FSC.
Deriv has yet to be registered with major regulatory agencies like Financial Conduct Authority (FCA) in the UK, Australian Securities and Investments Commission (ASIC), or the Cyprus Securities and Exchange Commission (CySEC). Hence, the services of Deriv.com are not yet available in France, Hong Kong, Israel, Jersey, Malaysia, Malta, USA, UAE, Paraguay, Canada, or countries identified as restricted by Financial Action Task Force.
There is a wide range of payment methods available on the Deriv.com. If you want to use the bank wire option to transfer the money in and out from your Deriv account, you can use Bank Transfer, Paytrust, Help2Pay, Dragon Phoenix, or Zingpay.
Deriv minimum deposit is just $5. The minimum and maximum limit for deposit and withdrawal vary depending on the option you use for bank wire transfer. Other than Bank Transfer, all wire methods do not require any time for deposit processing, and funds are usually transferred instantaneously.
The time required for Bank Transfer deposit needs 1 working day, however, it may take more than 1 day depending upon various factors. USD, GBP, EUR, and AUD are the currencies accepted for the bank wire transfer while Help2Pay and Paytrust user can only transfer funds in USD.
You can also use Visa, Mastercard, and Maestro to transfer funds into your account. Minimum and maximum limits are set at 10 and 10,000 respectively. Deposits are transferred form credit and debit cards instantaneously while withdrawals are processed in 1 working day. The Maestro and Mastercard facility is only available for UK clients. If you are transferring funds in your Deriv account using a credit card, please ask your bank to authorize the transactions with the brokerage otherwise your deposit may get declined.
E-Wallet holders can transfer their money into their brokerage account by suing their e-wallets. FasaPay and Skrill are the most famous and widely used E-Wallet methods to transfer the money. There are various other e-wallets allowed on Deriv. The minimum and maximum limits for both deposits and withdrawals are set at 5 and 10000. Clearance time for deposits and withdrawals are the same as for credit cards.
As the cryptocurrencies hit the financial market with greater force, the online trading platforms had no other choice than to accept the crypto assets as the payment method. Deriv being the technological front runner did nothing different and allow the cryptocurrencies as the payment method for depositing and withdrawal from Deriv account. Traders can use Bitcoin, Ethereum, Litecoin, and Tether cryptocurrencies for transferring money in and out of their Deriv account.
There is no limit on the minimum deposit from any of the mentioned cryptocurrencies. 3 blockchain confirmations are required before your crypto funds are transferred into your Deriv account.
The minimum amount for withdrawal from Deriv account onto your crypto wallet depends on the latest exchange rates of the crypto/USD.
The time required for withdrawal of funds is 1 day plus three blockchain confirmations.
The withdrawal of funds from your Deriv account needs verifications through email. The verification link is sent to your registered email ID and you need to confirm the withdrawal request by clicking the verification link within one hour.
The platform charges dormant fee on the idle account that has not placed a buy or sell transaction over a continuous period of twelve months. If you plan to stay away from your account and trading for a long time, there is self-exclusion option that you can use.
Is Deriv.com a scam or legit
Online trading is an exciting way of earning both active and passive income. However, it involves great risk and may lead to addiction. Another threat is a possibility of scam. So is Deriv.com a scam or legit?
Deriv is legit trading platform and it is not a scam. Deriv offers virtual funds in the demo account to practice stress endurance and trading skills.
If you don’t want to risk your money, you should not trade options as your income stream. But if you still want to start this exciting experience, Deriv.com is definitely a good option to go with.