OctaFX Review

$25.00

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Bonus:

Online since

2011

Demo Account

Yes

US Traders

Rating

1.0

Spectre.AI Review

$10.00

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Online since

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Demo Account

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Deriv Review 2024

Program Details

Company Name

Deriv (FX) Ltd

Headquarters

Malaysia

Regulation

Vanuatu Financial Services Commission (VFSC)
Labuan Financial Services Authority (LFSA)

US Traders Accepted

Out-of-Money Reward

Commission

Bonus Type

Bonus Size

Max Payout

Not fixed

Deposit Options

Deposit Currencies

AUD, GBP, EUR, USD

Trading Platform

DerivX, Deriv EZ, SmartTrader, DerivGo, DBot, Bbot

Min Deposit

Minimum Trade

Depends

Maximum Trade

Depends

Trading Instruments

Number of Trading Instruments

173

Online Since

2020

Binary Option Types

Rise/Fall (Call/Put), Higher/Lower, Touch/No Touch, Matches/Differs, Even/Odd, Over/Under, Multiplier

Customer Support Types

Email, office, phone, web form

Languages

English

Tools Offered

MetaTrader 5, self exclusion (set limits on your own trading activities), pricing tables, flexible expiry times, early close.

Demo Account

Yes, unlimited

Rating

9.0

$5.00

Description

Deriv.com is a globally recognized online trading platform that offers access to multiple financial markets, including forex, commodities, cryptocurrencies, and synthetic indices. With its legacy stemming from Binary.com, Deriv.com provides traders with a modern, intuitive interface, advanced trading tools, and secure trading environments. In this comprehensive review, we'll explore the key features, pros, cons, and what makes Deriv stand out as a preferred choice for both beginner and advanced traders.

Deriv offers complex derivatives, such as options and contracts for difference (“CFDs”). These products may not be suitable for all clients, and trading them puts you at risk. Please make sure that you understand the following risks before trading Deriv products: a) you may lose some or all of the money you invest in the trade, b) if your trade involves currency conversion, exchange rates will affect your profit and loss. You should never trade with borrowed money or with money that you cannot afford to lose.

About Deriv

Deriv is a fully licensed and regulated online trading platform that has been operating since 1999. Originally branded as Binary.com, Deriv evolved in 2020 to offer more advanced tools and products to suit the modern trader. The platform currently serves over 2.5 million users worldwide and processes over 15 trillion USD in trade volume annually. Whether you’re looking for simple trading tools or professional-grade features, Deriv has something to offer.

Trading Platforms

Deriv offers 3 trading platforms, suitable for a variety of trading styles and client experience. All platform options are available for PC download or as a web terminal via major browsers.

DTrader

Trade forex, indices, commodities and synthetic indices with:

Multiple trade types
Customisable charts
Position size from £0.35
Trading duration from 1 second
Suite of technical indicators and widgets

Deriv platform

DMT5 (Deriv MetaTrader 5)

Trade forex, stocks, synthetic indices, and commodities with:

Exclusive order types
A customisable interface
Simultaneous trade windows
Range of trade sizes up to 30 lots
Dozens of technical indicators & drawing tools

Deriv MT5

DBot

Web-based strategy builder with automated trading across 50+ assets:

Pre-built strategies
Build your trading bot
Guides and tutorials are available within the platform
Deriv Telegram group available for performance notifications
No coding required – easy to configure with pre-built blocks and indicators

Deriv DBot platform

You can use existing login details. SmartTrader is an easy-to-use online platform specifically for new traders. Features include multiple trade types and expiry times. The user-friendly interface makes it a great option for beginners looking to learn more about the financial markets.

Products

Deriv offers retail clients trading opportunities in 100+ assets across the following markets:

5 commodities – metals and energy
45+ forex pairs – majors, minors, and exotics
Stock indices – Asian, European, and US stocks including Nasdaq
Synthetic indices – randomly generated indices, based on real-world conditions and markets

Assets can be traded via:

Options trading – take straightforward positions on the direction of markets
Margin trading – take larger position sizes with borrowed capital for greater returns
Multipliers – trade on leverage and maximise profit potential by taking multiple positions

Trading Fees

Deriv Group Ltd does not charge trading commissions on any transactions. Instrument prices for CFD trading are quoted directly from liquidity providers with tight spreads starting from 0.5 pips.

The broker does charge swap rates for positions held overnight. An inactivity fee of £25 or equivalent is applied to dormant accounts after 12 months. It should also be noted that during periods of high volatility, spreads, and multiplier trades may be offered at unfavorable prices vs usual market conditions.

Leverage Review

Deriv.com offers leverage up to 1:30 in the UK, in line with ESMA regulations:

1:2 for cryptos
1:5 for equities
1:10 for commodities
1:20 for minor currencies, gold, and major indices
1:30 for major forex pairs

Mobile Trading

Deriv supports mobile trading through the MT5 app, available as a free download on iOS and Android devices. Simply login to MT5 with your account details for full access to the broker’s suite of products. Clients can undertake comprehensive price analysis using customisable charts, one-click trading and expert advisors. Pending orders are also available alongside free deposits and secure withdrawals. The MT5 app receives positive reviews from Deriv.com traders.

Deriv platforms

Deposits

Deriv does not charge a fee for real account deposits. Supported payment methods include:

Bank wire transfer – minimum deposit from £10, processing times vary from instant to 1 working day
E-wallets – including Skrill, Neteller and WebMoney. Minimum deposit from £5, instant processing
Credit/debit card – including Visa and Mastercard. Minimum deposit £10, instant processing
Cryptocurrency – varying minimum deposits, funds available once blockchain approved

Deriv’s retail clients can also manage funds through a payment agent.

Withdrawals

Withdrawals are processed within one working day and there are no fees charged by the broker. E-wallets offer the lowest payments starting from £5 or currency equivalent. Bank wire transfers provide the largest withdrawals up to £100,000.

Note you may need to submit identity documents as part of Deriv’s standard verification checks.

Trading Accounts

UK clients are subject to Deriv Europe trading directions. Account types include:

Synthetic – suitable for CFD trading
Financial STP – suitable for forex pairs and cryptocurrency trading
Financial – suitable for forex, commodities, and cryptocurrency trading

The account registration process is in line with most online brokers, requiring users to submit identity documents and proof of residence. All accounts accept GBP, USD, and EUR as base currencies.

Customer Support and Regulation

Deriv provides 24/7 customer support in multiple languages, making it accessible to traders worldwide. The company is licensed and regulated by various financial authorities, including the Malta Financial Services Authority (MFSA) and the Vanuatu Financial Services Commission (VFSC). This ensures that Deriv adheres to global financial compliance standards, providing a secure and trustworthy trading environment.

Is Deriv Safe and Legit?

Yes, Deriv is a safe and legitimate platform, fully regulated by multiple financial authorities. It uses advanced encryption technologies to protect user data and funds, ensuring a secure trading experience for its clients. Furthermore, Deriv has been in operation for over two decades, with a strong track record in the industry.

Conclusion

Deriv.com stands out as a versatile and reliable online trading platform for all types of traders. Whether you’re looking for a simple, intuitive interface or advanced trading tools, Deriv has the right solutions for you. With its diverse product offerings, robust platforms, and excellent customer service, Deriv is well-positioned as a leading choice in the global trading space for 2024.

FAQ's

What Trading Platforms Does Deriv Offer?

The broker offers 3 trading platforms for real accounts; DMT5, DBot and DTrader. These offer an excellent all-round trading environment for retail investing. Note Deriv does not support a MetaTrader 4 (MT4) download for trading activities or as a demo account. See our list of MT4 brokers here.

Does Deriv Support Volatility 75 Index Trading?

Yes, Deriv offers trading on VIX 75 alongside other synthetic volatility indices. Volatility 75 looks at the speculated price change of the S&P 500 index. These indices offer an exciting trading option not found at most online brokers and are positive in our broker review.

What Is The Difference Between Deriv.com Vs Binary.com?

Deriv is the rebranded platform of Binary.com. The new platform was established in 2020. Deriv will eventually replace Binary.com and you can use your original login details on the new website. The latest platform has been well received by UK traders.

What Is The Deriv Peer-To-Peer App?

The Deriv peer-to-peer app is a mobile APK solution for clients to make deposits and withdrawals to their real accounts and review credits. The user-friendly and free-to-download app is a useful extra for active traders and isn’t something offered by many retail brokers.

Does Deriv Accept Bitcoin Deposits?

Yes. To deposit into a real account with Bitcoin, log into Deriv and deposit BTC in the cashier section. Paste your BTC wallet account address into your blockchain wallet. Funds will be available once processed and confirmed.

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