Deriv Review: Discover The Best Experience In An Innovative Way. Is Deriv Profitable In 2021?
The old form of Binary.com is re-branding to the Deriv platform. In this Deriv review, you will find microscopic information that you are seeking to know. Also, the intellectual mind starts with something that is harmless and brings profits.
Trading with Deriv may be your first experience, even though you have expertise on the binary.com platform. But, a new kid on the block needs to know the specifics before you play with multiple robust platforms under one roof.
Moreover, the aim is to create a place where people can trade what and how they want. Traders can trade Binary Options, Forex, CFDs, Indices through Deriv broker’s platform.
Besides, you can experience a simple, reliable as well as flexible trading environment with collective features. You may also take part in the enlarged money markets and join the group of over 1 million investors.
The review will describe in all ways that matter why this newly launched trading platform is innovative compared to the older one.
Our team will also cover specific features, minimum deposits, withdrawal procedures, etc., in this review.
Deriv Review: What Is Deriv?
High Capital Risk Is Involved In Financial Trading
Deriv is a new platform established by the Deriv Group. The story begins in 1999 with BetOnMarkets, which was rebranded as Binary.com in 2013. Again, in 2020, they agreed to celebrate the 20th anniversary of innovation and development by launching a new platform called Deriv.
According to our research and genuine trader reviews, the broker platform is user-friendly and ideally suited to beginner and expert traders.
Besides, the company has become a leader in the market because it delivers leading products that are trusted worldwide. Globally, the company has five corporate offices with over 250 members of the team.
You can trade the most significant financial market via three enhanced trading platforms: Forex, Options, Commodities, Indices, and Stocks. It also provides an expanded range of products with different trading advantages.
Anyone can customize the platform with different charts and software after opening an account with Deriv broker.
Unfortunately, this website’s services are not made available in certain countries, including the USA, Canada, Hong Kong, or persons below 18.
Read until the end to know about several adequate information available here to reduce the failure rate and increase success, no doubt.
Why Choose Deriv Platform
Have you ever considered spending money without knowing where to put it and how to make a profit? The only way to select the best platform is to recognize the opportunities that would differ from others.
We’re not going to guarantee you a fixed profit ratio that you can earn from this platform.
But, according to our research and their promising words, the following features make them one of the leading online trading service providers.
- Multiple regulations
- Minimum deposit $5
- Minimum trade 0.01 lot
- 100+ tradable assets
- Demo account facility
- Multiple trading platforms
- Maximum payout ratio of 200%
- Automated trading facility
- MT5 integration
- Deposit bonus
- 24/7 available support team
- SSL encryption
- Multiple payment methods
- Fast withdrawal
- Tight spread
- Client money protection
- 3 powerful platforms
- Available weekend trading
The company offers trading services on both the Deriv platform and Binary.com. Additionally, there are several companies within this community that are licensed to operate Deriv and Binary.com.
In 2020, Binary.com again launched a new platform named Deriv.com to celebrate its 20 years of innovation and development.
We also prepared a list below for our readers with all Regulatory Information:
~ Binary Investments (Europe) Ltd
Binary Investments (Europe) Ltd is regulated as a Category 3 Investment Services provider, by the Malta Financial Services Authority, under license number IS/70156.
European Union residents who wish to trade the investment products will have their accounts opened with Binary Investments (Europe) Ltd.
~ Binary (FX) Ltd
Labuan Financial Services Authority licensed and regulated Binary (FX) Ltd. to carry on a money-broking business.
The licensed number is MB/18/0024.
Clients from the rest of the world (excluding certain jurisdictions such as the USA, Canada, Japan, and the European Union) who wish to trade CFDs will have their MetaTrader 5 account opened with Binary (FX) Ltd. Binary.com is not available in Malaysia.
~ Binary (V) Ltd
Binary (V) Ltd is licensed and regulated by the Vanuatu Financial Services Commission.
Clients from the rest of the world (excluding certain countries such as the USA, Canada, Costa Rica, Hong Kong) will have their FX and CFD Meta trader 5 accounts opened with Binary (V) Ltd. Binary.com is not available in the Republic of Vanuatu.
~ Binary (BVI) Ltd
Binary (BVI) Ltd is licensed and regulated by the British Virgin Islands Financial Services Commission.
Clients from the rest of the world (excluding certain countries such as the USA, Canada, Costa Rica, Hong Kong) will have their FX and CFD Metatrader 5 account opened with Binary (BVI) Ltd. Binary.com is not available in the British Virgin Islands.
Signup And Login Process
The broker offers an unlimited demo account facility for both beginners and experienced traders. It is possible to practice different trading instruments and tools by using a virtual amount.
Those who already have a binary.com broker’s account can use the same credentials to log in to the Deriv platform. New users, create a demo account by simply entering your valid email address and password.
A verification link will be sent to the provided email address. Enter the main dashboard by clicking that link. From the dashboard section, select the country name, set a password, and click the Start Trading button.
Lastly, your account is ready to open up a position with a $10,000 virtual amount. Besides, traders can also sign up to Deriv by using Google or Facebook login details.
How To Start With A Real Account
Traders need to follow some steps to add a real account. You will find this innovative thing that was missing in the old Binary.com platform.
Below, we will mention these steps gradually.
- Please choose your currency.
- Complete your details with first name, last name, date of birth, and mobile number
- Enter your valid address details, which is the same as in your proof of address
- Read carefully and agree with terms and conditions
Now deposit a minimum amount of $5 to start trades with your favorite trading instruments.
You don’t need to verify your account unless the team contacts you via email. If necessary, the team will provide instructions on how to submit valid documents.
Risk Awareness With Demo Account
If you are a novice investor, then a demo account is a blessing to you. We also urge our readers to practice and learn the fundamentals of trading before they play with real money because online trading is exciting but involves risk factors.
You can learn how to position trades with a demo account by evaluating the market with numerous methods. Also, you can create strategies and tactics that make you more accountable than before.
On the other hand, Deriv Platform offers traders an unlimited demo account facility. You can trade with virtual funds without threatening real money. Also, trading with a risk-free virtual account is possible as long as you want.
Deriv Trading Platforms
Three separate improved platforms are going to give you a fresh experience. The platforms are now fairly easy and more flexible to use.
We’re going to give you an overall idea of each platform by sharing the core features.
- Deriv DTrader (Overview Of Platform):
DTrader is a simple trading platform with over 50 tradable assets such as Forex, Synthetic Indices, Stock Indices, and Commodities. Traders need to follow three easy steps to open a position on this platform.
You can also customize the chart with technical indicators and widgets to make it more user-friendly. In addition, it will also help you make a more intelligent trading decision.
Select the preferred trading instruments from the asset list. After that, analyze the market with the right tools and indicators and trade.
The benefits that you will get from DTrader are:
- The minimum stake starts from $0.035
- Flexible trade duration of 1 sec – 365 days
- Potential payout maximum of 200%
- Maximum Ticks 10
There are three types of trades available to traders. These are the following:
- Ups & Downs
- Rising and Falls
- Multiple options
You can check the open position as well as the profit table from the report section. Also, view all transactions on your account, including transactions, deposits, and withdrawals, from the statement section.
- Deriv MT5 Platform (Account Types):
Deriv traders will have the integration of the MT5 network. You can run the MT5 application from either your browser or your trading device. There are three forms of accounts available, from which you can select yours.
Except for the MT5 network, you do not get different account types on other platforms, such as DTrader or SmartTrader. Each trading account has different criteria with distinct advantages.
In particular, the platform is the best fit for experienced traders. Besides, they designed each account to provide a unique opportunity to locate financial instruments.
You will get the benefits listed below from the MT5 platform.
- 70+ tradable assets
- Maximum leverage 1:1000
- A minimum lot, size 30
The demo account is the perfect way to get acquainted with trading platforms. You can also learn different trading strategies by using different resources that we’ve already listed.
- DBot Trading (Build Your Customized Bot):
DBot is an automated trading robot that gives you a floor to automate your trading without writing codes. The three advantages you’re going to get with this bot are:
- Three pre-construction strategies
- Zero cost of building
- More than 50 tradable assets
You can also create a customized bot using different popular strategies such as Martingale, D’Alembert, Oscar’s Grind, etc.
Not only that, but you can also maximize your profits and reduce losses by using analytics tools, indicators, and intelligent logic.
Those who have already used the binary.com bot know that traders can save strategies on their Google Drive and carry them anywhere they want. Traders can also use the same methods in DBot.
The process of working with this bot is very simple. Everything that you need to do is
- Select tradable assets
- Set purchase conditions
- Set restart conditions
- Run bot
- Check the earnings
If you’re still stuck at the same point, please get integrated help by accessing tutorials, guides, and reference information.
Deriv Trading Instruments And Market:
Over 100 trading instruments are available for trading on the Deriv platform. The increasing trading form will offer you separate benefits from the other.
Trade in the diversifying trading instruments is now available through margins, options, and multipliers.
Margin trading is available on the MT5 platform that allows you to buy larger asset units. Both digital and call/put spread options are available on DTrader, SmartTrader, Deriv X, and DBot. The DTrader platform allows multiplier trading only.
~ Deriv Forex:
Forex is the largest financial market you can trade on this platform with popular forex pairs, including major, minor and exotic pairs. The advantages you would get from this broker are as follows:
- Tight spread
- Advantage chart widgets
~ Synthetic Indices:
Synthetic indices are based on a safe random generator. The form of trade is unique as it stimulates the movements of the real world and protects against natural disasters and disturbances.
Opening a trading position is available on different trading instruments under specific categories such as Volatility Indices, Crash / Boom, Step Indices, Options, and Multiplier.
The other benefits you will get from the Deriv platform are:
- Tight spread
- Trading 24/7
- Free from real-world market and liquidity risk
- Innovative forms of exchange
~ Stock Indices:
For those who like to trade the broad market without owning the underlying assets, stock indices are the best option. In addition, it will allow you to open a place outside the standard hours of major stock markets.
Other benefits that suggest why traders need to invest in Deriv stock indices:
- The requirement for capital is minimal
- Limited Risk
- Extended trading time, up to 18 hours a day.
Traders obtain profit from market fluctuations in precious metals such as silver, gold, oil, and more.
The key advantages that the trader would have are:
- Fixed and variable competitive spreads
- Free from commissions
- All four precious metals available, including crude oil
What Is The Minimum Spread For Forex Trading?
Deriv offers you the lowest spread ever in the whole trading history. You can now enjoy tighter spreads with up to a 50% reduction on selected pairs.
Take advantage of this spread reduction to maximize your potential gains even more.
You’ll also benefit from:
- Up to 1:1000
- Zero commission
- No payment fees on deposits and withdrawals
And, you can only grab this opportunity from your super-profitable Deriv MT5 Financial account.
Note that spread reductions apply only to forex trading from your Financial account.
Deriv SmartTrader is a premium trading platform for those who want to trade binary options on a different trading form. You’ll get the basic guideline from their website.
The following steps will help you to set up a trade:
- Step-1: Choose your market and the underlying asset.
- Step-2: Select your form of trade.
- Step-3: Change the parameters of the trade.
- Step-4: Predict the direction of purchase.
The clarification that you need to remember is that the Rise / Fall contracts would be refunded if:
- There are less than 2 ticks between start and end times;
- The contract does not end within 5 minutes (for tick term contracts)
Deriv X is a customizable multi-asset trading platform that offers CFDs on forex, commodities, cryptocurrencies, and synthetics.
The trading platform is designed for anyone that meets your needs. Traders can trade over 100 trading assets with 24/7 trading facilities. Let’s have a look at what offers this platform:
- The platform is packed with features and built to fit your trading style.
- Multiple markets on a single platform.
- Trade cryptocurrencies and synthetic indices anytime, even on weekends and holidays.
You can choose any of the accounts, Synthetic or Financial, according to your plan.
Mobile Trading Application
The mobile trading platform is available in Deriv. After completing the process of transferring all the data and other necessary information, the broker makes their platforms available through iOS and Android apps.
Mobile trading is the best tool for traders who check their ticks’ movement within a trading time frame. Though, mobile apps are not the wise choice to place trades.
24/7 Help Centre
The Help Center is available 24/7 to address trading-related issues, including technical assistance. You can also visit the support page to answer your questions, which is the fastest way.
In addition, you can either call them directly to their international support desk or send them an email.
Deriv Deposit And Withdrawal Process
A wide variety of payment and withdrawal options are available to traders, including bank wire, credit and debit cards, e-wallets, and cryptocurrencies.
Funding accounts through the payment manager is possible if your country supports the service. The deposit and withdrawal process only requires one business day, except for the bank or money transfer service.
Deriv minimum deposit amount is $5, but other forms of payment may have different minimum amounts. In addition, there is no minimum amount for cryptocurrency deposits.
- Bank wire transfer–Minimum deposit begins at $5 and will take 1 or 2 business days.
- Credit/debit card–The minimum deposit amount is $10 for credit or debit cardholders. Deposit processing time is instant; however, to withdraw money will take a business day.
- E-wallets–Skrill, Neteller, PaySafe, Fasapay, and WebMoney, are all accessible with a minimum amount of funding.
- Cryptocurrency – No minimum deposit is required for cryptocurrency.
Is It Worthy To Trade With Deriv Broker?
Via this platform, Binary.com brokers have introduced an additional feature to their entire network. So, the platform is legit and scam-free for both novice and expert traders.
Additionally, you will receive market news, analysis, webinars, ebooks, video tutorials, and help center articles. The team uses SSL encryption to secure consumer data and account information.
The following advantages are why millions of traders choose this trading broker and give it the highest priority over anything else.
- A wide range of trading assets
- Available support for 24/7
- Multipliers to increase potential profits
- Three different trading platforms
- Zero payment fees for both deposit and withdrawal methods
- Trading timeframe starts from 1sec to 365 days
Disadvantages That They Can Resolve
The drawbacks we listed here are minor because our team could not identify any major ones. However, the solution to these drawbacks could make this platform more efficient than before.
- No support for live chat
- Limited Welcome Bonus
- Lack of a social or copy trade feature
- Poor educational resources
Hopefully, we’ve covered almost all of the details in one overview, so you don’t need to dig here and there. The broker is a safe choice for all forms of traders.
Besides, the smallest amount of funding is another good part of the grant that anyone can start with a small amount. In addition, user benefits, including multiple regulations, also ensure a secure trading environment.
We recommend that our dear readers will give this broker a try, at least consider it once.