Overview of Deriv
Deriv is an online trading broker with a history spanning over two decades, having been established in 1999. The company is registered in Malta. However, it is currently unregulated.
The company offers various trading instruments, including fiat currency pairs, cryptocurrencies, commodities, indices, synthetic indices, CFDs, stocks, and digital options. They provide several trading platforms, such as DTrader, DBot, and DMT5, which allow clients to trade a diverse range of assets.
The owner of Deriv is the Deriv Group, which also owns Binary.com. The company was founded by Jean-Yves Sireau and introduced a fixed-odds trading service in 1999.
Deriv's services are available in various countries. However, there are certain countries where Deriv's services are restricted, including Belarus, Canada, Cyprus, Israel, Malaysia, Malta, Paraguay, Rwanda, Singapore, and the United States.
Regulatory Information
A significant point of concern for potential investors is the broker's unregulated status. It lacks oversight from major financial regulatory bodies. This absence of regulation can pose substantial risks to traders, as unregulated brokers often lack the stringent compliance and transparency standards set by established regulatory authorities. Investors dealing with unregulated entities may face challenges in seeking recourse in case of disputes or malpractices. Thus, it's imperative for traders to exercise caution and conduct comprehensive due diligence before engaging with such brokers.
Pros and Cons
Pros:
High Leverage: Deriv offers high leverage, allowing traders to maximize their trading potential.
Low Spread: The broker provides competitive spreads, which can reduce trading costs for its users.
Diverse Account Options: Deriv caters to a wide range of traders by offering various account types to suit different trading needs.
Multiple Platform Options: With platforms like DTrader, DBot, and DMT5, traders have a variety of choices to suit their trading style.
Accessibility: Established in 1999, Deriv has made trading accessible to many by setting low minimum deposit requirements.
Cons:
Unregulated: Currently, Deriv is unregulated, which might raise concerns about the safety of funds and the integrity of the broker.
Limited Trading Products: Despite offering a range of instruments, Deriv might not have as diverse a product offering as some other brokers.
Restricted in Several Countries: Traders from countries like the U.S., Canada, and Israel can not access Deriv's services.
No Mention of Educational Resources: There's no clear mention of educational resources or tools for beginner traders.
Potential Platform Complexity: With multiple platforms on offer, new traders might find it overwhelming to choose and navigate.
Market Instruments
Deriv offers a diverse range of trading products that cater to various trading preferences and strategies. These products span across multiple financial markets, allowing traders to diversify their portfolios and tap into different market opportunities. From traditional financial instruments like Forex and stocks to innovative offerings like synthetic indices, Deriv ensures that traders have a comprehensive suite of options at their disposal.
List of Trading Products Offered by Deriv:
Forex: A vast market where traders can buy and sell global currencies.
Stocks & Indices:Opportunities to trade on the price movements of major global stocks and stock market indices.
Cryptocurrencies:Digital currencies like Bitcoin, Ethereum, and others that have gained significant attention in recent years.
Commodities:Physical goods such as gold, oil, and silver that are essential to global economies.
Derived Indices:Unique to Deriv, these are synthetic indices that mimic price dynamics and volatility of real-world financial markets but are unaffected by real-world events, providing continuous trading opportunities.
CFDs (Contract for Difference):Contracts that allow traders to capitalize on price movements without owning the actual asset.
Options:Financial instruments that give traders the right, but not the obligation, to buy or sell an asset at a predetermined price.
Multipliers:A product that combines the features of CFDs and options, offering the potential for higher profits with limited risk.
This diverse range of products ensures that traders of all types, whether novices or professionals, can find instruments that align with their trading goals and risk appetite.
Account Types
Deriv offers a unique approach to trading accounts, providing traders with options that correspond to the trading platforms they offer. The broker has three primary live account types: the Financial account, the Financial STP account, and the Synthetic account.
Each account type is tailored to cater to different trading needs and preferences. Whether a trader is looking for high leverage, tight spreads, or a specific set of tradable assets, Deriv ensures that its diverse account offerings can meet these requirements. The broker also emphasizes transparency and flexibility, ensuring that traders have all the necessary tools and conditions to execute their trading strategies effectively.
How to Open an Account？
For those looking to embark on a trading journey with Deriv, the account opening process is straightforward and user-friendly. Whether you're a novice trader or a seasoned professional, setting up your trading account is the first step to accessing a world of trading opportunities.
Here's a simple three-step guide to get you started:
Visit the Official Website:Start by navigating to the Deriv website and click on the “Create Account” button. You have the option to register for either a demo account or a real account.
Enter Your Details:Provide your email address, which should be accessible as it will be used for account confirmation. You can also opt to sign up using your Facebook, Google, or Apple ID account for quicker registration.
Verification:After registration, you'll receive an email containing a verification link. Clicking this link will verify your email address, granting you access to your Deriv dashboard. From here, you can proceed to deposit funds and start trading.
With these steps, you'll be well on your way to exploring the diverse trading products and platforms that Deriv offers.
Leverage
Leverage is a powerful tool offered by brokers, allowing traders to amplify their trading positions beyond their initial capital. Deriv provides its traders with competitive leverage levels across various trading products, enabling them to potentially maximize their profits.
However, it's essential to note that while leverage can increase potential returns, it also amplifies the risk of losses.
Spreads and Commissions
Spreads and commissions are crucial factors that traders consider when selecting a broker. Deriv offers competitive spreads across various trading products, ensuring that traders can maximize their potential returns. While the broker boasts commission-free trading for many of its offerings, there are specific fees associated with certain trading activities.
Here's a breakdown of the spreads and commissions offered by Deriv:
Trading Platform
Deriv offers a diverse suite of trading platforms, each meticulously designed to cater to the unique needs and preferences of traders. From mobile-centric platforms to advanced charting tools, Deriv ensures that traders, regardless of their experience level, have access to the tools they need to navigate the financial markets effectively.
1. Deriv GO: A mobile-optimized platform, Deriv GO is perfect for traders on the move, offering a user-friendly interface, real-time price updates, and seamless trading capabilities, all from the convenience of a smartphone.
2. Deriv MT5 (MetaTrader 5): An evolution of the renowned MetaTrader series, Deriv MT5 provides traders with a multi-asset platform equipped with advanced technical analysis tools, multiple timeframes, and automated trading features.
3. Deriv Trader: Tailored for web-based trading, Deriv Trader offers an intuitive interface complemented by comprehensive charting tools, ensuring traders have all they need for effective decision-making.
4. Deriv X: A versatile platform, Deriv X combines advanced charting with a range of order types, all wrapped up in a customizable interface designed for both novice and experienced traders.
5. Deriv EZ: Simplifying the trading process, Deriv EZ provides a streamlined interface for quick trades, making it ideal for those who prefer a no-frills approach.
6. Deriv Bot: For those keen on automation, Deriv Bot allows traders to design, test, and implement automated trading strategies, ensuring consistent trading even when they're offline.
7. SmartTrader: A platform for the analytical trader, SmartTrader offers in-depth technical analysis tools, multiple chart views, and real-time price insights, providing a comprehensive overview of the markets.
8. Binary Bot: Focused on binary options, Binary Bot lets traders build and customize bots, test strategies, and automate their binary trades, offering a unique approach to this specific trading style.
Deposit and Withdrawal
Deriv, recognizing the importance of seamless financial transactions for traders, offers an extensive array of payment methods. These methods are designed to cater to a global audience, ensuring that deposits and withdrawals are both convenient and efficient. From traditional banking methods to e-wallets and cryptocurrencies, Deriv ensures that traders have multiple options to manage their funds.
Customer Support
Deriv prioritizes customer support, ensuring that all queries and concerns are addressed promptly and efficiently. They have established multiple channels of communication to cater to the diverse needs of their global clientele.
Available Channels to Contact Deriv:
Ask the Community:Deriv has a support community where users can seek answers from fellow traders and users.
Help Centre:For frequently asked questions on popular topics, users can visit Deriv's Help Centre.
Physical Offices:Deriv has established offices in various regions, including:
Europe: Locations in the United Kingdom, France, Malta, Cyprus, and Guernsey.
Asia: Offices in Malaysia (Cyberjaya, Labuan, Ipoh, Melaka) and Singapore.
Middle East: Presence in Dubai and Jordan.
Africa: Office in Rwanda.
Latin America: Offices in Paraguay (Asunción and Ciudad del Este).
Caribbean: Locations in the Cayman Islands and the British Virgin Islands.
Oceania: Office in Vanuatu.
Live Chat:For business partnerships or affiliate inquiries, users can contact Deriv via live chat.
These channels ensure that users have multiple avenues to seek assistance, making their trading experience with Deriv smooth and hassle-free.
Educational Resources
Deriv offers a comprehensive suite of educational resources to help traders navigate the financial markets with confidence.
Their Help Centre provides answers to frequently asked questions, covering a wide range of topics from account management to trading platforms.
The Deriv Community serves as a platform for traders to discuss various topics related to trading, share insights, and seek advice from fellow traders. It's a space where both beginners and experienced traders can learn from one another.
Lastly, the Deriv Blog offers expert market insights on forex, stocks, cryptos, and commodities. It features articles that delve into trading strategies, market trends, and other essential topics that traders would find beneficial.
Conclusion
Deriv is a comprehensive online trading platform that has been in the industry since 1999. With its roots in Binary.com, it has evolved to offer a wide range of trading products and services to cater to both novice and experienced traders. The broker is known for its user-friendly platforms, including DTrader, DBot, and DMT5, which provide traders with a seamless trading experience. Deriv offers multiple account types, each tailored to different trading needs, and a plethora of payment methods for convenient deposits and withdrawals. Their educational resources, including the Help Centre, community forum, and blog, further demonstrate their commitment to empowering traders with knowledge.
Additionally, they provide robust customer support through various channels, ensuring that traders' queries and concerns are addressed promptly. While the broker is unregulated, its long-standing presence in the market and continuous efforts to enhance its offerings make it a notable choice for those looking to venture into online trading.
FAQs
Q: What is the Deriv Payment Agent Programme？
A: The Deriv Payment Agent Programme allows individuals and businesses to facilitate deposits and withdrawals for clients.
Q: Is the Deriv Payment Agent Programme the same as Deriv P2P？
A: No, the Deriv Payment Agent Programme and Deriv P2P are distinct services.
Q: What are the differences between the MT5 Derived, Financial, and Swap-free accounts？
A: Each MT5 account type caters to different trading needs and has specific features.
Q: What is Deriv Bot？
A: Deriv Bot is a platform that allows users to automate their trading strategies using a visual programming tool.
Q: What are the main differences between your digital options and CFD platforms？
A: Digital options and CFDs are two different trading instruments, each with its own set of features and benefits.
2024-03-27 10:23
2024-02-29 16:23
