Deriv.com Broker Review 2020

FairBinaryOptions Broker Certificate
  • Min. Deposit $5
  • Max. Payout 100%
  • Min. Investment $5
  • Mobile Yes
  • Software Proprietary
  • LiveChat Yes

Deriv.com is here to offer enhanced user experience and unique trading options to more than 300,000 binary clients spread over 100+ countries.   Binary.com has been around in the online trading platform business for a long time now and their platforms that we loved and used for long, are now being rebranded and will be launched as Deriv.com. Backed with a talented team and led by the Founder and CEO Jean-Yves Sireau, a recipient of multiple patents for the binary options trading and other software related to the trading options market, Deriv.com aims to become a top choice trading platform in online trading.

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  1. Deriv.com Account Features

    Like any other top trading platform, Deriv.com also offers a free Demo account to its registered users with a limit of up to $10,000.

    For people unfamiliar with the demo accounts, it is the account that traders can use to try online trading tools and enhance their skills before starting with real money.

    We advise you to enhance your trading knowledge and skills with the demo account facility provided on the online platform and learn how and when to make the right transactions. A Demo account is also a fun way to evaluate your stress endurance and trading capabilities.

    Once you are done with the demo account and want to go forward on Deriv.com, they offer uniquely different accounts to a trader. SmartTrader is a standard platform based on the trading software of Binary.com.  Traders can set the start time which is the time when you want to start your trade and the duration of the trade with a minimum of 5 ticks. The last thing to set in order to start trade on SmartTrader is to opt between the stake/payout options. The stake is like the risk factor. If you want to win the contract on this account with a heavy payout, you need to set a higher stake for the trade. Winning the contract is an art you need to learn if you want to keep your money in the binary trading.

    In order to win a contract, your selection of higher/ lower needs to match with the exit spot.

    DMT5 is another unique platform available on Deriv which is developed on the MetaTrader5 technology. Traders just need to select assets, follow the chart, and purchase their option on the DMT5 account to start. There are three account types on DMT5, Synthetic Indices, financial and financial STP. The synthetic indices stimulate the real-world market movement and but they are unaffected by the real-world disruptions and real market liquidity risks.

  2. Deriv.com Trading Software

    Binary.com platforms that we loved and used for long, is now being rebranded and will be launched as Deriv.com.

    The platform is backed and developed by the team of Binary.com. The online trading platform uses the DMT5 platform for trading, which is a well-known automated trading (trading robots) software.

    We can say that the team behind the platform is professional and can be trusted as having the in-house technological expertise to provide the best of services. We are only here to witness how the brokerage will use this skillful arsenal and where will it stand among the competition.

    As mentioned earlier, Deriv.com is developed on the cutting edge MT5 platform which provides the clients with endless possibilities. Other than MT5, Deriv has the DTrader – a web software, DBot – an automated trading system, and their complete in-house built SmartTrader tool which the platform boasts for its user-friendliness.

    The software is designed to provide the clients with the best experience and greater ease of mind. The layout of the website is attractive and it guides the users to where they want to go. The trading experience is also very convenient and traders can expect a smooth trading experience. Some of the unique and attractive features of the online brokerage are that it allows the multiple trade windows to be opened at once and a specific window can also be moved around on the screen.

    Deriv offer their trader almost all the online trading options available out there. From CFD spreads, Forex options, Binary options to synthetic indices, the Deriv have it all. However, Deriv offer the crypto option on DMT5 only.

    Online trading is a risky business as it is but there are also some fraudulent platforms busy scamming the investors looking for easy money. When we say that there is no easy money in trading, trust us, and run as fast as you can from the platforms offering deals that look too good to be true or check their credibility at least.

    The online trading platforms, regardless of what markets, options, and commodities they offer, need to be licensed by the financial regulators in order to do business.

    Deriv.com uses a blend of trading software and technologies to provide a fine trading experience. The main technology used by the platform is MT5. DMT5 provides a wide range of financial markets to the traders. Clients use DMT5 to spot CFDs and Forex with variable spreads and high leverage to attain maximum flexibility.

    Another advanced trading software is DTrader which allows trading more than 50 assets in the form of digital and multipliers options. The types of assets available on DTrader include forex, stock indices, commodities, and synthetic indices.

    The platform offers three contract types on DTraders: Ups/Downs, Highs/Lows, and Digits.

    DBot is an automated trading option to build a strategy of trading digital options. Traders can easily build their own bot for binary trading. The bot is built by dragging and dropping the blocks from categories under the block menu. A detailed guide on creating and changing the Dbot is available in the help section of the website.

    Your capital is at risk
  3. Deriv.com Support Information

    Customer service is one of the most important things to build the trust of the clients. Live chat is increasingly becoming an effective tool to engage and satisfy the website users. However, Deriv has failed to understand this important point and does not have a live chat feature on the website to provide support to traders. This is quite unusual for the platform which has probably the longest history of customer experience.

    For customer queries, there is a “How can we help?” page available in the resource section of the website. The page is built on the FAQ format and provides more than 50 answers to questions under seven different categories. The questions range from beginner to advanced level are answered briefly on the page.

    The categories are account, trading, deposits and withdrawals, DMT5, DTrader, DBot, and Security.  There is a search bar on top of the help page so that the users can search for their queries.

    If the solution to the issue you are facing on the platform isn’t provided on the help page, you can email the support team on [email protected] or call helpline from Monday to Friday and 8 am to 5 pm (GMT +8) on Sat-Sun.

    Your capital is at risk
  4. Deriv.com Payment Methods

    Deriv.com has a long history of online trading and they know that there are many methods used by the clients to transfer money. The platform accepts various payment types including bank wire, credit and debit cards, E-Wallets, and cryptocurrency.

    A trader can choose Bank Transfer, Paytrust, Help2Pay, Dragon Phoenix, or Zingpay if they choose bank wire to transfer funds in and out from the Deriv account. The minimum and maximum limit for deposit and withdrawal vary depending on the option you use for bank wire transfer.

    Funds are transferred instantly with bank wires. Currencies accepted via bank wire are USD, GBP, EUR, and AUD however Help2Pay and Paytrust user can only transfer funds in USD.

    Only Visa, Mastercard (for the UK only), and Maestro (for the UK only) credit or debit card are accepted to transfer funds into the Deriv account. The minimum amount to deposit and withdraw is 10 USD and a maximum of 10,000.

    Deposits are transferred from cards to Deriv account instantaneously while withdrawals are processed in 1 working day. If you are facing difficulty transferring funds in your Deriv account using a credit card, please ask your bank to authorize the transactions with the brokerage.

    For E-Wallet payments and withdrawals, FasaPay and Skrill are the most famous and widely used methods to transfer the money on Deriv, along with a number of e-wallet options. The minimum amount allowed to deposit and withdraw using e-Wallet is 5 and the maximum limit is 10000.

    Cryptocurrencies are being adopted by many online trading platforms. Deriv also accepts the cryptocurrencies as the payment method for depositing the funds and withdrawals. Bitcoin, Ethereum, Litecoin, and Tether are only cryptocurrencies accepted for transferring money in and out of their Deriv account.

    You can deposit any amount of cryptocurrency as there is no minimum or maximum limit for that but three blockchain confirmations are required before your crypto funds appear in your Deriv account. The minimum withdrawal from Deriv account onto your crypto wallet depends on the latest exchange rates of the crypto/USD. The minimum time required for withdrawal of funds is 1 day plus three blockchain confirmations.

    If you wish to withdraw money from your Deriv account by any method, you need to verify the transaction through email. Once you submit the withdrawal request, a verification link is sent to your registered email ID and you need to confirm the withdrawal within one hour by clicking the verification link.

    If your account is idle for 12 consecutive months means no buy or sell transaction has occurred from your account within the 12 months, Deriv.com charges a dormant fee on the idle account.

    Deriv.com is also licensed in and outside the EU to offer financial products to clients for trading. Deriv.com is regulated under MFSA Malta, Labuan FSA, Vanuatu FSC, and the British Virgin Islands FSC. Although they are yet to be registered with some major regulatory agencies like Australian Securities and Investments Commission (ASIC), Financial Conduct Authority (FCA) in the UK or the Cyprus Securities and Exchange Commission (CySEC), it is a good thing that they are licensed with some of them which mean they have something to be trusted.

    As there are some areas Deriv is not yet registered, hence the services of Deriv.com are not yet available there. Countries, where the services of Deriv aren’t available yet, are Hong Kong, France, USA, UAE, Israel, Jersey, Malaysia, Malta, Paraguay, Canada including all those countries identified as restricted by Financial Action Task Force. Although Deriv is currently available in all the countries where they usually operate, it isn’t yet available in languages other than English.

    Deriv.com holds clients’ money in banks (or other financial institutions) after segregation so that it does not mix with the platforms’ accounts and investors can withdraw the funds instantaneously if they want or in case of any unfortunate event.

    In order to comply with the rules and regulations set by the licensing bodies, Deriv.com does not allow the trading services to minor, i.e. the people under 18 years of age.

    Deriv.com claims that they have a history of over $7B of trade with more than 1.2M trading accounts.

    Conclusion

    Online trading is a convenient way of earning income. You don’t answer to anyone and don’t have to follow schedules set by others for you. However, trading CFDs and binary options involve much greater risk than any other career choice. The demo accounts are available on all top platforms for your benefit. If you don’t want to risk your money, educate yourself as much as possible with a demo account. And when you consider yourself ready for diving into it, Deriv.com is among the top of our recommendations.

  5. Your capital is at risk
Binary Investments (Europe) Ltd
Deriv.com is regulated by MFSA MaltaDeriv.com
is regulated by
MFSA Malta
Reg no.: IS/70156