Deriv.com broker is a relatively new name among online traders. This article provides a detailed Deriv.com review of what might be one of the most popular trading platforms of today. Deriv.com offers a wide range of online trading services, which include but are certainly not limited to binary options trading, forex trading, commodities trading, synthetic indices, and CFD trading. It offers its services across various trading platforms, including DMT5, Dtrader, Dbot, and Smart Trader. This allows its traders the mobilty and the various choice of the right trading product
Allthough referred to as „new market entry“, Deriv.com’s history is not new at all. Its history traces back to 1999 when a team of forex traders and mathematicians joined their experience in building an online algorithm for forex trades. The company, wanting to offer a frech kick to its users, rebranded for several times in the past and its latest reinvention is now known as Deriv.com. Those traders with a long trading histora may have know this company as Bet on Markets or Binary.com, both high awarded trading services providers.
The good news is that if you already have a Binary.com trading account, you can always log in to Deriv.com using the same credentials that you use to login to your Binary.com platform. For Binary.com existing traders, there is no need for a new Deriv.com login.
Deriv.com Login
Creating a Deriv.com login ID is very straightforward. You can create your Deriv.com Login with a few clicks or use on of supported social media accounts for the login. This does not require in-dept user information and is swift and easy – your Deriv.com login ID will be ready after having provided just a few simple personal information like your email address, name and password.
You do need to be at least 18 years of age at the time of creating your Deriv.com account, as most of legal authorities do not allow minors to enter into trades on their own.
Deriv Demo Account
Any trader, and beginners in particural, are advised to start off with a broker demo account before they place their first real trade. Regardless of the type of trade or market of choice, it is highly recommended to gain some trading experience and platform overview without risking real money. This is where the Deriv demo account yes comes in with a time and money saving tool for its new traders.
Anyone is welcome to Deriv.com free demo account by simply creating a Deriv.com login ID. You get $10,000 demo funds to place trades and to gain valuable trading platform experience. The demo account is based on real market information, and it replicates actual market conditions. The trades are executed in real-time, and you get to make virtual profit (or virtual loss) just like you would in the real market conditions.
Deriv demo account is completely free, which means that there are no hidden charges of fees applied nor is one forced or urged to make the deposit in order to maintain access to the Deriv demo account. Deriv.com demo account is not time resttricted, meaning a trader can and may use the demo for as long he or she sees fit.
Deriv demo account is and should be regarded as a powerful tool of any trader. It can help fine-tune your existing or help build you new trading skills completely risk-free. What may seem like a game or dummy trading, is in fact valuable partner in future real trading.
Trading Software & Assets
Deriv.com conquered the markets by offering top notch traders’ experience for close to 500 000 traders in over 100 countries across the globe. 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.
Deriv.com’s trading platform is developed on top notch proprietary trading software. The possibilities are endless, and the safety levels provide a peaceful mind. Deriv.com’s platform can be easily reconfigured as per the trader’s preferences, what means you can set up your trade area and your charts the way if fits you best. You can have multiple trading windows open simultaneously which levels up the trading experience.
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 variety of financial markets.
User can use the DMT5 to spot forex and CFDs with high leverage and variable spreads for maximum flexibility.
Deriv.com DTrader
The DTrader is a front-runner 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.
Deriv.com Bot
DBot is a web-based platform for building a strategy of trading digital options. On DBot platform, you can easily build your own trading bot as simple as drag and drop of blocks of your choice. Traders can choose their blocks from categories under the block menu. There is a detailed guide on how to build the bot, together with a lot of educational materials in the help section.
SmartTrader
SmartTrader, much like Deriv.com’s trading platform, is a customized trading platform best suited for novice traders. It offers binary options trading in an user-friendly interface. With SmartTrader, you have different types of trades to choose from such as
- High/Low
- Rise/Fall
- Touch/No Touch
- and many more.
You can set your own expiry times, short- or long-term, which range from 1 day up to 1 year.
Deriv MT5 Signals
Deriv Metatrader 5 platform is not only for high end trading, it also offers Deriv signals through the MT5 signals subscriptions. Choose a reputable signal provider after signing up for MQL account and connect it to your MT5 to trade upon request or automatically.
Customer Care & Services
Deriv.com nourishes their relations with their traders and affiliates. Deriv always makes themselves available to their traders via support departments. Deriv.com Frequently Asked Question (FAQs) section provides detailed and clear answers to all fundamental trading-related questions.
Banking & Company Information
Deriv.com broker company is licensed in and outside the European Union to offer financial products and services to clients for trading. Deriv.com is regulated under MFSA Malta, licence no. IS/70156, Labuan Financial Services Authority, Vanuatu Financial Services Authority, and the British Virgin Islands Financial Services Authority.
On top, Deriv.com is licensed to run its operations in over one hundred (100) jurisdictions across the globe. These also include the Australian Securities and Investments Commission, the Financial Conduct Authority of the United Kingdom, and the Cyprus Securities and Exchange Commission (CYSEC).
Deriv Minimum Deposit
Deriv.com set a low minimum deposit, granting access and gaining appeal of a large pool of traders. Although Deriv minimum deposit amounts to $5, the exact minimum deposit requirement may vary according to the specific payment method you choose at the time of making your deposit payment.
If you are making a deposit and withdrawal by debit or credit card, you will be required to deposit a minimum amount of $10 to make your first Deriv.com trades. Minimum deposit is referred only the bottom or the lowest amount that needs to be deposited to your account before you can start trading. This does not mean that this is the only amount you can deposit – you can always deposit larger amounts, when you feel comfortable enough to do so.
As mentioned, the minimum deposit varies from one payment method to another. For an example, Deriv minimum deposit requirement in the case of E-wallets is as low as $5. On the other hand, minimum deposit amount via bank wire transfer can be $5 to $500. The minimum deposit range for this payment method lies in specific banking methods used for making the payment. Similarly, if you choose to deposit using cryptocurrencies, there is no minimum amount set whatsoever.
Deriv.com Payment Methods and Currencies
Although Deriv.com supports most local currencies, you can use only USD, GBP, EUR, or AUD currency if you opt for a bank transfer as the deposit method. Deposit currency may depend on, or the choice of currency may even be narrowed down in relation to several other factors, like the choice of payment method, your country of residence and the like.
In a long list of supported deposit and withdrawal methods, the top places are this taken by the card payments. Debit/credit card usage is by far one of the most sought-after payment methods when it comes to both depositing to and withdrawing from Deriv.com. It is fair to conclude that the simplicity of this method as well as the fact that this payment method is processed much quicker than most traditional payment methods, meaning your transactions a reflected instantly in your account, makes it a most often go-to method of most traders.
You can also use most of most-represented cards such as Visa, Mastercard, and many more to transfer funds into your account. Minimum and maximum limits are set to $10 and $10,000. Deposits are transferred from credit and debit cards instantaneously. Some cards may be limited to traders from some countries only, so please take time to contact Deriv.com’s support in case you have any questions related to a specific payment method or currency. Another valuable advice would be to get authorization by your card issuing bank on future transactions with Deriv.com as you broker, as alternatively, your deposit may end up declined.
Another popular Deriv Deposit method is e-wallet transfer. All you need to do is hold a funded e-wallet that is supported by Deriv.com and choose this payment method as your deposit payment method. Skrill, Neteller and FasaPay are widely used for depositing on Deriv.com, but you can check the full list of supported e-wallets in the deposit section of your Deriv.com account or contact their support. The minimum and maximum limits for deposits are set at $5 and $10,000. Deposits from e-wallets are instant.
The rise in cryptocurrency presence and popularity, imposed a need to adopt it as a payment method without a delay. Deriv.com, as the technological wunderkind as they are, swiftly implemented cryptocurrencies so their traders can now choose among Ethereum, Bitcoin, Tether and Litecoin cryptocurrencies for transferring money in and out of their Deriv.com account.
Deriv Withdrawal
Deriv.com withdrawal rules very much follow suit of the depositing ones. In most cases, what applies to deposits, applies to Deriv withdrawals respectively.
Deriv sets forth withdrawal limits and processing times differently per withdrawal method. So similar to depositing methods and rules, the withdrawal processing times vary from one method to another and the maximum withdrawal amount per day may be different as per your choice of withdrawal.
The withdrawal is mostly processed and completed within one working day, with some discrepancies to this rule. Moreover, wire transfers may take up to 3 working days to be completed and reflected on your bank account.
Withdrawals to credit and debit cards are commonly processed in 1 working day.
Processing and completion time for withdrawals to e-wallets are the same as for credit cards.
Crypto withdrawal processing time is one day plus and requires three blockchain confirmations.
Deriv.com Minimum Withdrawal Amount
The maximum withdrawal amount for wire transfers is very much related to a particular banking method of choice and may vary greatly.
The minimum amount for withdrawal from Deriv.com account in cryptocurrency to your crypto wallet depends on the latest crypto/USD exchange rate.
The minimum and maximum limits for withdrawals to e-wallets are set at $5 and $10,000.
In the case of withdrawals to debit or credit cards, you may be able to withdraw up to $10,000 in a single working day.
The highly commendable fact is the lack of hidden charges when it comes to Deriv withdrawals. Deriv.com does charge an account dormancy fee on all accounts where no buy or sell transaction took place in a continuous period of 12 (twelve) months. If you know that you have no intention or ability to use your Deriv.com account in the upcoming twelve-month period, it would be wise to use a self-exclusion feature on your account to avoid any such fees.
The withdrawal of funds from your Deriv.com account requires email verification. When you access Deriv.com cashier and select withdrawal, an email with a verification link is sent out to the email address connected with your Deriv.com account. To be able to process your withdrawal, you need to confirm identity by following the link enclosed in the Deriv.com verification email. You will need a verification link for each withdrawal. Each verification link has a life span of one hour.
It is clear that Deriv.com forex broker has adopted the industry’s forefront practices in ensuring the security and safety of your financial assets deposit and withdrawal transactions. Furthermore, all financial communication is encrypted according to modern encryption standards and tools.
Deriv Regulation and Safety of Funds
Deriv.com business conduct is supervised and monitor by every and all the licensing and regulatory authorities. More importantly, its services are daily assessed by traders, by financial institutions behind daily transactions and all of us reviewing their quality.
Since its market launch, Deriv.com is providing its online trading services to half of million traders around the world, who entrusted their financial welfare to this broker. It might be new as a brand, but the company, the team, the experience, the reputation, the history and the track record paint a different picture. All this may be taken lightly too, and for those reasons, brokers do not rely on these important yet vague, intangible attributes. They seek licenses from regulatory authority that have a say in the industry.Deriv.com, despite its rather recent launch, roots back to the success and reputation of the Regent Markets Group, the force that ran BetonMarkets.com and Binay.com.
Deriv.com is operated by Binary Group, whose subsidiaries are each regulated in their jurisdiction:
Binary Investments (Europe) Ltd – regulated as a Category 3 Investment Services provider by the Malta Financial Services Authority – license no. IS/70156.
Binary (FX) Ltd, which is licenced by the Labuan Financial Services Authority – licence MB/18/0024
Binary (V) Ltd – licensed by the Vanuatu Financial Services Commission
Binary (BVI) Ltd – licensed and regulated by the British Virgin Islands Financial Services Commission
To date, there have been no trader complaints against this broker.
Owing to all the facts and arguments discussed above, it is safe to say that Deriv.com is far from scam and the safety of funds does not seem to be at risk.
Is Deriv Broker a Scam?
With all the above listed, it is safe to take a stand that despite its “youth”, Deriv.com has already established itself as a legit company, legit broker, and a legit online trading services provider.
Deriv.com continuously supports it legitimacy by investing intensely into its transparency, availability and right to information access. Their legitimacy pillars are made pubic and accessible at all times on their website – the terms and conditions, privacy and risk policies, warnings, and disclaimers.
Deriv.com is a choice and a preference of over a half a million traders world-wide. The broker may or may not meet every trader’s taste, but its services, its conduct and its values are not scam.
