Deriv is one of the best platforms for those who want to venture into online trading. The benefits are so numerous and the earlier you register on this site the better for you. Trading on this platform will allow you to start making money by trading. It is an experience that you will love to relive for sure. The site is very easy to use. It is simple and also highly flexible. You do not need much experience before you can start using the site for online trading. You can even follow the tutorials available on the site. The tutorials can direct you on how to use the site without hassle.
Over the years, this online trading site has shown itself to be reliable. Many people make a profit on this site already and you too can join them today. An experience will convince you for sure. In this review, we are going to show you some of the things you need to know about this site. The review will open your eyes to why you too need to venture into trading on the platform.
As we mentioned earlier, Deriv has been around for over 20 years. Its initial name was Binary.com. You will get so many products on this site also. The platform boasts of more than one million customers. Studies show that up to 43 million trades are recorded on this broker per month total withdrawal recorded monthly is also up to $6 million.
Binary.com has now rebranded to Deriv, but it is still possible to trade on binary.com. However, the company plans to phase out binary.com gradually. You can access on Deriv virtually everything that you can get on binary.com.
Deriv offers series of commodities for trading. If you love trading Forex, you are welcome here. However, the site does not offer only Forex trading. Individuals that love to trade commodities can also have fun here. The site also supports stock indices. You can trade on any of the stocks on this platform. Deriv is an international broker. As a result, you can trade on stocks from across the globe here. One area where this platform stands out from others is the area of Synthetic Indices. No other broker offers synthetic indices in the world today. So, you will need to register on Deriv before you can access it.
A synthetic index is a high volatility instrument. This means that you can make a profit very fast when you trade it. You can also make a loss very fast trading it. It will turn out to be one of the best experiences of your life for sure. If you have a good trading strategy, it will not be difficult for you to make money with synthetic indices. In summary, the commodities available on this platform are:
So many features make Deriv one of the best Forex trading platforms. For one, this trading platform had been around for over 20 years. This indicates that the trader can enjoy trading here without hassle. Additionally, the broker offers a very tight spread. This way, the cost of trading on the platform will not be high at all. Furthermore, you can access so many tradable assets on the platform. There are more than 100 tradable assets on this platform. Each of the assets is also very easy to understand. This is an aspect that makes the broker special.
While many brokers only allow you to trade 5 days of the week, you can trade 24/7 on Deriv. The platform is always open. Forex trading and even stock trading occurs 5 days of the week, but the case is different with other assets available on this platform, like synthetic indices. You can trade synthetic indices 24/7. This means it is available even on weekends. As a result, the opportunity to make money is limitless on this platform. You can equally enjoy sharp prices on this platform. What is more, order execution is instant. Traders can access a demo account on this platform.
The demo account enables you to understand how the platform works so that you can trade here without hassle. If you are a newbie on this platform, you can take some time to study the demo account. A good understanding of the demo account will give you all the knowledge you need to start trading live. It is recommended that you should study the demo account for a minimum of 2 weeks before you venture into live trading.
Creating a demo account on this platform is very easy and straightforward. It will not take more than just a few minutes of your precious time.
On the home page, click on Create a Demo account. After that, a new page will open. On the new page, you can start the account creation by providing an email account. You also need to check the box below the email account to agree to the terms and conditions. Instead of email sign up, you can also sign up using your Facebook account or Google account. If you already have an account, you can decide to login from this page. All you need to do in this instance is to navigate to the bottom of the page and click on the Log in the link there.
After agreeing to the terms and conditions, you can then click on the “Create an account” link below the checkbox. Once you do that, Deriv will send an email to the email address that you provided. You will find a link to verify your email in the email that Deriv sent to you. Click on that link to verify your email address. A new page will open where you will need to choose your country of residence. You will also need to create a password. After creating a password, you should click on the link that says “Start Trading” this entire process is very easy to follow and will not take much time at all from you.
Once you open an account, you can opt for Margin trading or Options & Multipliers. Margin trading can be done via MetaTrader 5 or the Deriv MetaTrader 5. Options & Multipliers, on the other hand, can be done via the Dtrader platform or DBot.
Deriv offers so many trading platforms. The available ones are:
It enables you to trade with low spread and leverage. This way, you can get a high return using a small investment.
It is a platform offering an all-in-one multi-asset. You can use it for margin trading and even CFDs. You can also call it DMT5 for short. To date, there are more than 330,000 clients using DMTs. The trader can also access more than 100 tradable assets. Additionally, you can trade 24/7 on the platform. The platform was developed by Metaquote Software. It will give you access to several asset classes:
The platform will offer you a superior trading experience. It is also very easy to use. Both beginners and experienced traders can use it conveniently. The trader can also have access to exclusive and innovative trade types.
The trader can access various trade sizes on this platform. You can also get from micro-lots up to 30 standard lots. The broker offers flexible leverage up to 1:1,000 to the traders. You can equally trade up to 70 assets on DMT5. It will not be difficult at all to search for assets on this platform
The broker does not offer an MT4 trading platform; it only supports the MT5 trading platform. The broker does not offer any proprietary trading platform. You will have to download the general MT5 trading platform and sign up using your Deriv login details. DBot represents the auto trading platform available on this broker. There is no social trading on Deriv and the platform also does not offer copy trading. There is also no trade signal service and the platform does not support Islamic accounts. Deposit to your account will be very easy on this platform. You can make deposits via various methods, including Webmoney, Visa, Skrill, Perfect Money, Neteller, and FasaPay. The minimum deposit available is just $5. You can also deposit the same amount in pounds or euro if you so desire.
You can sign up for both live and demo accounts. However, you should practice with a demo account first before you go into live trading. The DMT5 app is available for download on your mobile device and desktop computer. You can download it for both iPhone and Android devices. iPhone users can get the app from App Store. Android users, on the other hand, can get the app from Google Play. It is very easy to sign in to the mobile app. On the trading app, choose Deriv Limited as your broker. After that, provide your password. This is the password you created when registering for trading on this site. It is also very easy to calculate your margin using the margin calculator on this platform
This platform gives you access to very powerful trading tools. The platform is also very easy to use. As a result, beginners can use them without hassle. The entire process only requires 3 steps:
You can even customize your trading platform as you like. The platform will give you access to widgets and a series of technical indicators. All these will make it easy for you to make a good trading decision. You can access series of assets on this platform, which are:
You can easily access both the synthetic market and world market on this platform. The platform can give you access to series of trade types, you can customize the trade types also as you desire. The minimum stake is just $0.35. The duration per trade can be as short as one second.
The trader can also access up to 200% potential payouts on some trades. The platform offers a top-notch user experience to all categories of traders.
This bot allows you to automate your trading ideas. You can also do it without coding. As a result, individuals with zero knowledge of coding can use it. This platform offers 3 pre-built strategies. You can choose any of them for trading. It will not cost you a dime to build a strategy when using this trading platform. It is 100% free. What is more, you can access more than 50 assets when you use this bot for trading.
You will have access to a demo account to try out this bot. you can then go into live trading after gaining adequate experience and confidence
Make sure you try out each of these strategies on the demo account before you go live.
You can even build your own trading strategy visually on the platform if you do not want to use any of the strategies above. All you need to do is to drag, drop and configure the series of pre-built blocks available. You can also drag and drop indicators onto a canvas to get the bot ready. You will never need to do any coding. So, you do not need any knowledge of coding at all.
There is no 100% perfect strategy. So, the best thing to do is to limit your losses and maximize your profit while trading. You can do this by using smart logic, indicators, and analysis tools. The smart logics you can use are stop-loss and take-profit. You can easily track your performance on this platform. You can even get notifications through telegram for easy monitoring. The platform can provide you with educational materials also. You will find the information to be useful a great deal. You can get reference information, guides, and tutorials for a reliable trading experience.
After you develop a strategy on this platform, you can save it for your next use. This way, you will not need to set the strategy again when you want to trade next. You can store the strategies on your Google Drive for future use.
Each of these trading platforms has its specific features. So, those who want to trade on this site will be able to choose among the available trading platforms.
You can access so many assets on this platform. There are more than 100 assets here. Some of the assets available here are:
The site equally offers options and multipliers trading options allow the trader to predict price movement correctly. The trader can do this without owning the asset. An example of the options is the Rise/Fall option. This enables the trader to predict if the exit point will be above or below the entry point. The trader can access more than 12 options and payouts on Deriv.
On the other hand, the multipliers make it possible for the trader to use leverage. The trader can also take several positions at the same time. This will help to enhance your profit. It works in such a way that the trader will not lose more than what he deposited initially. This helps to reduce potential risk. There is a relationship between margin trading and multipliers.
Traders can access tight spread on this platform. The fee is also minimal. The company still rolls out its new system. It also offers a limited spread and commission. The company equally has a good reputation for highly competitive spreads. The fee structure is transparent. If you do not use your account for a very long time, you may have to pay a dormant fee. This is the case for accounts that are not used for up to 12 months.
Deriv can give traders access to leverage as high as 1:1,000. As a result, the trader can open a large position size with a very small deposit. This can also be called margin. It will help to increase the amount that the trader can make as a profit. There are regulations in the EU that lower the leverage that retail traders can use to 1:30 on major Forex pairs.
There is no mobile app for traders on this platform. Deriv may, however, start providing its own mobile app later. Change from binary.com to Deriv can help with the change, however. Do not forget that the change is still in process. The company may release its mobile app once the change is complete. When such a mobile app is available, it may be available on both android and iOS devices.
You can also access so many payment methods on this platform. This feature makes Deriv impressive. The following are the deposit methods available on Deriv:
You can easily make your withdrawal via any of the methods we listed above. The minimum withdrawal in most cases is just $5 or 5 of the base currency in your account. The withdrawal can be processed within 1 to 2 working days. When making a withdrawal via debit or credit card, the minimum withdrawal is 10 of the base currency. The processing period is just 1 working day. Bear in mind that only UK traders can access Maestro and MasterCard.
The minimum withdrawal via e-wallet is 5 of the base currency. The processing period is also 1 working day. Those who are withdrawing via cryptocurrencies can withdraw a minimum of 0.026 the processing period is 1 working day after 3 blockchain confirmations.
The trader can access a demo account on Deriv. the demo account is an exact mirror of the real account. The demo account will give the traders an understanding of how the live account works. You can use the demo account for backtesting your strategies. You can also use it to learn how to trade. What is more, there is no limit to how long you can use the demo account. The trader can equally access endless bankroll on the demo account. You can access a demo account on all Deriv.com platforms.
There is no welcome bonus on this platform and this is disappointing. When trading online on this platform, you will need to use your own money only. There is also no promotion code. The broker, however, promises low minimum deposits, and e fees are competitive. There is a restriction to the bonus that Deriv can give to its customers in Europe. This is online with the 2018 EU regulation. However, things may change in the future. So, traders should keep their eyes open as against a sign-up offer and bonuses.
The broker is trustworthy and this is proven by its regulation by regulatory agencies globally. Multiple jurisdictions regulate the broker globally. The broker is regulated in Malta by the Malta Financial Services Authority (FSA). If you trade outside the EU, the broker is regulated by the Vanuatu Financial Services Commission (FSC). Another regulatory agency is the British Virgin Islands Financial Services Commission (FSA) the Labuan Financial Services Authority in Malaysia is also involved in regulating Deriv.com.
The customer can enjoy negative balance protection. As a result, traders will not lose more money than their deposit. There are also schemes of financial services compensation to repay the trader in case the broker closes the shop. The jurisdictions and regulators determine what the trader can get as compensation in such a situation.
The educational resources available here are limited. As a result, beginners will not have something to start with on this site. However, changing the name to Deriv from Binary.com may also bring about an upgrade in its educational resources. Bear in mind that the rollout is not complete yet. New things may come up by the time the rollout completes.
Deriv offers 3 different account types:
You can access binaries and even CFDs on the MT5 platform. The types of account you can access depends on your geolocation. If you reside in the EU, the account types you can access can differ from that of someone residing in Singapore or South Africa. This is because of the EU regulations and Deriv licensing.
Check below for some of the advantages of trading on this site:
Deriv has some limitations or downsides that you need to consider:
You can trade on this platform at any time of the day or night. Trading is available 24/7. So, you can trade on weekends on this platform. Be that as it may, the volume of trade is low on weekends. This leads to lower volatility. It can also affect trading results. It can also affect the spread of traders.
Deriv provides 24/7 customer support. You can communicate with them via the methods below:
The platform makes use of SSL website encryption. This helps to secure the sensitive data of the client on the website. The security profile on this website agrees with what obtains in the industry. As a result, the platform is trustworthy and there is complete safety for your personal information.
Deriv accepts so many countries across the globe. Some of the countries accepted are:
Be that as it may, Deriv does not accept traders from some countries. Some of the countries are:
The online trading account opening process on this site is very easy and straightforward. The instructions are clear and you do not need any special knowledge to register. There is also assured protection for your account. You will surely enjoy trading on this platform. You are free to sign up on either Deriv.com or Binary.com; both sites will lead you to the same service. The fact that the broker is regulated means that it is a reliable platform for online trading in South Africa.