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Deriv review – Should you sign up? – Test of the broker

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Rating: Assets: Minimum deposit: Return:
5 out of 5 stars (5 / 5) CFDs, multipliers, digital options $ 10 Up to 92%+

Globally recognized as one of the best broker companies, Deriv.com is based in Malta and has been successfully based in Malta since the early 2000s. The website hosts numerous features of investment and other attributes of trading platforms that assure complete safety. 

Initially started as Binary.com, the website had a considerably larger and more diverse client base spread across the world. Along with providing guaranteed trading options to its clients, it also establishes technological innovations to enhance better trading practices. 

(Risk warning: your capital can be at risk)

Quick facts about Deriv:

CEO/Founder Jean-Yves
Established Year 1999
Publicly Traded No
Total Employees 50+
Regulations Malta (MFSA), Vanuatu (VFSC), Labuan (LFSA), British Virgin Islands (BFSC)
Headquarter Malaysia

Established globally in 1999, Deriv.com can be used by clients of different countries for trading purposes. Some examples are Thailand, Australia, the UK, India, Germany, Luxembourg, Norway, Italy, Denmark, Saudi Arabia, South Africa, Sweden, Kuwait, and Qatar.

Review of the Deriv trading platforms

Along with the Binary’s Smart Trader System, Deriv.com hosts three different trading platforms. 

Trading Platforms MT5, DTrader, DBot
Portfolio Details Yes
Interactive Charts  Yes
PC Browser  Yes
Mobile Site Yes
Android Application  Yes
iOS Application Yes
Research Reports  Yes
Multi-Account Management Yes
Live Markets Yes
PC – Windows Yes
Windows Application Nes
Global Indices Yes
Personalized Advisory Yes
PC – Mac Yes
Real-time Updates Yes
Other Mobile OS No
Available Languages Polish, English, Indonesia, Español, Русский, Français, Thai, Português, Tiếng ViệtItaliano

(Risk warning: your capital can be at risk)

DMetaTrader5

One of the three trading platforms of Deriv.com is DMetaTrader5. This platform was created from the brilliant innovations of MT5 and other analysis and research tools. DMT5 is a user-friendly platform and has incredible features to enhance the trading journey of clients.

Stuffed with various elements that traders are always looking forward to, DMT5 is also customizable. It can easily configure itself to custom-made patterns of the traders. Users can work on several windows simultaneously and detach or move windows accordingly.

(Risk warning: your capital can be at risk)

DTrader

DTrader is another platform that has the capability to create and maintain a neat interface with over 50 tradable assets. The platform has different high-functional widgets and indicators to help traders change their charts according to their needs and preferences. 

Several options to customize trade types with position sizes of $0.35 are also available. Traders can establish a pliable trade duration, starting from one second to anywhere up to 365 days. Potential layouts are also available for over 200% on this platform.

DBot

This is the third platform available on Deriv.com. On this website, traders get the choice of automated trading as an algorithmic investment. Developing trading bots and investing them in over 50 assets is an effortless task on DBot. Traders can also take help from the numerous pre-built strategies available on the platform. 

(Risk warning: your capital can be at risk)

Deriv.com mobile app

Even after the much-renowned fame of the website, the company has not come out with its mobile app version. However, it can be estimated that after the completion of the transition from the Binary platform, the owners might release an app in the market. 

The mobile app version of the website will definitely bring in more potential clients and incur reasonable profits for the company. But it requires little effort to open an account on Deriv.com. Traders only require an authentic and active email id for registration. Traders with an existing Binary.com account can easily log in to Deriv.com.

(Risk warning: your capital can be at risk)

Commission, brokerage, or fees

Any trader can opt for minimal trading fees from Deriv.com’s tight spread. Since the website is still transitioning from Binary.com, average commission data and spreads are available at limited charges. 

However, traders whose account has been inactive for over twelve months might be charged a dormant fee. The basic commission starts from about 0.015%.

Commission on Trades No
Fixed Spreads No

Exposure or leverage:

Traders all over the world prefer Deriv.com over other broker platforms because they offer flexible leverages. Anyone who is trading in Deriv.com can enjoy leverage up to 1:1000.

Flexible leverages often help a trader ascend a larger position size by assimilating a small deposit for enhancing potential returns. Variations in margin requirements and leverage levels can occur contingent on the type of account

Maximum Leverage 1:1000

(Risk warning: your capital can be at risk)

Multiple payment methods available:

Traders can easily deposit money through bank wire transfers, cryptocurrency, credit cards, debit cards, and e-wallets. Bank wire transfers start for a minimum depict of $5. Visa and MasterCard Credit/Debit cards are also options for minimum deposits that start from 10 USD/GPB/EURO/AUD.

E-wallets are available for a minimum deposit of 5. These e-wallets include sill, Neteller, Paysafe, Webmoney, Fasapay, and many others. Cryptocurrencies include Bitcoin, Ethereum, Litecoin, and Tether. If the trader is paying through cryptocurrency, there are no minimum deposits. 

Payments through bank transfers, credit/debit cards, and e-wallets can be made on instant transactions as well. Traders can also make withdrawals with options that are similar to deposits. Withdrawals start from a minimum of five basic currencies. A withdrawal usually takes up to 2 days. 

Withdrawing funds over an e-wallet needs at least five of the basic currencies as well. I can be processed within a working day only. It usually takes a day with three blockchain confirmations to process the withdrawal. 

Deposit Methods: Visa, FasaPay, Perfect Money, Skrill, Webmoney, Neteller, Crypto
Withdrawal Methods: Visa, FasaPay, Perfect Money, Skrill, Webmoney, Neteller, Crypto

(Risk warning: your capital can be at risk)

Asset classes or markets:

Over 100+ instruments are available at deriv.com for you to choose from. They are the stock index, Forex, commodities, and synthetic index.

In the case of Forex, they have 50 forex currency pairs to offer, including majors, minors, and exotics. However, the shift in stock indices is based on the price changes of the European, Asian, and U.S. indices.

The synthetic indices operate through a secure random generator keeping similarities with the real market conditions. These are available for 24/7 delivery of congruous volatility.

Apart from valuable metals like gold and silver, oil can also be included as an asset.

Currencies Trading Yes
Commodities Trading Yes
Indices Trading Yes
Stocks Trading No
Cryptocurrency Trading No
ETF’s Trading No
Bonds Trading No
Futures Trading  No
Options Trading No
Supported Crypto coins NA
Total tradable assets 100+
Number of Currency pairs 50
Number of cryptocurrencies NA
Number of stocks NA
Number of indices 4
Number of commodities  NA
Number of Futures NA
Number of Options NA
Number of Bonds NA
Number of ETFs NA

(Risk warning: your capital can be at risk)

Should you go for a demo account or a virtual trading account?

Deriv.com gives you the opportunity of creating a demo account as well. Through this demo account, you can experience live trading and get a better idea of the same as it is reflective of the actual trading.

A demo account can help traders understand the live platform much more easily and effortlessly. Using this demo account, one can learn to trade or backtest strategies. 

The demo account is a no-limit account, and it has an unsealed bankroll. Such accounts are available on all platforms of deriv.com.

Virtual Money  $10,000
Charges Free

Should you go for offers or deals?

Certain amounts of offers and deals are offered at Deriv.com to their clients. On the Forex platform, they do not provide any deposit welcome bonus. The coupon codes can be accessed from a number of places.

You will get fewer deals at deriv.com. This might be because they are still going through a transition.

Traders can look out for better deals when they transition from Binary is over.

Flexible Brokerage Plans Yes
Referral Offers Yes
Discount on Brokerage  Yes
FX Trading Contests Yes
Free Demo Account Yes
Free Educational Courses Yes
Trading Bonuses & Rewards  No

(Risk warning: your capital can be at risk)

Regulations: Is Deriv regulated? – Yes!

Deriv.com is quite trustworthy. Hence, any trader who wishes to join it as a potential broker for trading activities will be quite satisfied. They follow directives in several jurisdictions.

Deriv is ruled by the Malta Financial Services Authority (FSA) in the European Union. If the traders are from outside the EU, then they will undergo the regulations from Vanuatu Financial Services Commission.

In Malaysia, Deriv is regulated by the Labuan Financial Services Authority.

The negative balance protection is often quite useful for the users. This will provide them with more effective and better advantages, and they will get the benefit of not having losses more than their deposits.

Regulations Malta(MFSA), Labuan (LFSA), Vanuatu(VFSC), British Virgin Islands(BFSC)

(Risk warning: your capital can be at risk)

More features of deriv.com

There are several features that Deriv.com has to offer which effortlessly make them the most preferred trading provider. They hold a high record of client trust.

At Deriv.com, you can avail a huge variety of trading platforms without requiring a high amount of financial investment.

The robot is a widely popular feature. Traders themselves can build these robots and simultaneously sell them to other traders. Moreover, the robot can be customized according to distinctive needs.

Communication and connection with various traders are possible through the website, which can turn out to be quite beneficial to the traders.

Educational Services  No
Guaranteed Limit Orders  No
Trading Signals No
Email Alerts  No
Guaranteed Stop Loss No
Social Trading/ Copy Trading  No
Guaranteed Fills/ Liquidity  No
OCO orders No
One-click Trading Yes
Automated Trading Yes
Interest On Margin No
VPS Services  No
Trading from Chart Yes
Offers Hedging No
Trailing SP/TP Yes
Offers Promotions Yes
API Trading Yes
Expert Advisors Yes
Other Trading Features No

(Risk warning: your capital can be at risk)

The types of accounts:

Three types of accounts can be used by the traders who are using Forex and CFD trading through Deriv.com. These are synthetic, financial, and financial STP accounts.

Account Types  Synthetic Financial Financial STP
Initial Deposits 5USD 5USD 5USD
Spreads From 0.5 From 0.5 From 0.5
Commissions No No No
Leverages 1:1000 1:1000 1:1000

With the financial account, both new and expert traders can avail themselves of trade commodities, major and minor currency pairs, and cryptocurrencies with high leverage.

To increase flexibility, traders can use high leverage and variable spreads to their advantage.

The synthetic account is to use any time you want. Traders are allowed to deal settlements for difference or synthetic indices with such an account.

Financial STP account lets traders implement exotic, major, and minor currency pairs with tight spreads and large capacities of trade.

The process of opening a deriv.com account

On opening the site, a signup button can be seen at the top right-hand corner. There is also another signup button at the end of the homepage, which can be accessed by scrolling down the page.

Multiple signup options are available that allow the user to sign up via a functional Facebook account, email id, and also by Google Account.

The completion of the authorization process activates the demo account and opens it up. The registration will be completed with a few more strokes.

The account verification process needs to be carried out by the traders. For this purpose, a government-issued ID image file needs to be uploaded as proof.

Two types of accounts- demo and live account are offered by Deriv.com.

The user can use the demo account to practice for a long time. Once they are experienced enough from practicing, they can easily start using a live account.

Mainly 3 types of DMT5 accounts are there. These types of accounts can operate multiple windows at a time, and the trader has control of some advanced features as well.

(Risk warning: your capital can be at risk)

Types of DMT5 accounts are

  • DMT5 synthetic account

By using this account, the traders can gain settlements for differences in synthetic indices and analyze the fluctuations of price in real-time.

  • DMT5 financial account

Strong spreads and high leverage can be accessed through this account, and the trader can get the maximum use of it.

  • DMT5 financial STP account

With this account, traders are shifted to the Deriv desk of dealing. In this way, the traders are able to directly access the in-house trading liquidity.

The final verdict: Deriv.com is a legit broker!

It can be easily said that Deriv is quite a user-friendly and easy-to-use website. It allows the traders to choose from a lot of platforms according to their trading methods and styles. The methods of depositing and withdrawing profits are also easy.

Very few online trading brokers will provide multiple trading platforms at an incredibly low financial budget.

Moreover, several educational features are there for the use of the traders, such as free signals, loads of different interesting features, and great bonuses.

(Risk warning: your capital can be at risk)


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