Are you looking for a simple, flexible, and reliable broker? If so, do proper research to find the best for you.
Read reviews and compare ranking factors. Start by comparing fees, spreads, trading platforms, charts, and analysis.
Finally, choose the one that suits your trading needs.
Here we can help you choose the best ….
The best broker will have the lowest fees and low deposits. Moreover, convenient withdrawal and payment methods add to the reliability of the top broker.
Trading platforms and the number of assets are options that make a particular broker enjoy an exceptional position.
Our team of expert traders spends 5 years trading with different brokers. With thorough analysis, they separated Deriv Broker as the top pick. Check out Deriv Broker Review in this post to find out what makes this broker the top choice of our traders.
Deriv.com was established in 1999 by Regent Market Group. The mission of this brokerage was to make online trading accessible to the masses. This Group is evolving day by day, but its mission is unchanged.
Deriv.com shares a 20-year long history of achievements. In 2000 Regent Group made their first office in Malta and purchased first binary options. In 2007 they achieved the Top Investment Award.
What are the names of accepted Countries of Deriv.com?
Deriv.com accepts trading from clients of mostly European Countries.
This also includes Australia, Thailand, the United Kingdom, South Africa, Singapore, India, Germany, Norway, Sweden, Italy, Denmark, Saudi Arabia, Kuwait, Luxembourg, and Qatar, etc.
Although Deriv broker is not old as the group, it itself is. The good thing about this broker is that in such a short time, it secured an overall rating of 89/100. Let’s see how this rating is divided into different features of this brokerage:
|Commission or Fees||17/20|
|Deposit & Withdrawal||18/20|
|Mobile App Rating||No|
|Number of Assets and Expiry Time||17/20|
Deriv.com Pros and Cons
On the positive side, Deriv.com doesn’t use the trader’s money for its business interest. You can withdraw your money at any time.
It also encourages traders to practice secure trading through unlimited virtual trading funds.
On the negative side, its access is limited. Traders from the United States, Canada, Jersey, Malaysia, Malta, Paraguay, and the United Arab Emirates cannot use the website.
|Offer Binary options||Few Sign Up bonuses|
|24/7 customer support||No access to copy trading|
|Zero fee||MT5 up-gradation required for MT4traders|
|Multiple Trading Platforms|
|Range Of deposits & Withdrawal Options|
|More than 100 assets|
Deriv.com Main Features & Highlights
Want to see the highlights of important features of this broker? Look below the table where you can find a brief overview of every feature it offers:
|Country of Regulation||Malta (MFSA), Labuan (LFSA), Vanuatu (VFSC), British Virgin Islands (BFSC)|
|Payment Methods||FasaPay, Neteller, Perfect Money, Skrill, Visa, Webmoney|
|Demo Account Provided||Yes|
|Products Offered||CFD, Forex, Binary Options|
|Number of Base Currencies Supported||14 Major,14 Minor, and 18Exotic pairs|
|Withdrawal Time||1 to 2 Days|
Why Choose Deriv.com
Why millions of users choose this broker? Below are some of the things or features that make this broker a leading online service provider.
Commissions & Fees 17/20
The good news is that you can enjoy zero commission fees on D Trader and Smart Trader. However, on CFDs from the DTM5 platform, you will have to pay the spread. This spread cost is minimal and easily payable.
If your account is inactive for 12 months, you will have to pay the dormant fee on its activation.
The commission fee is low because of the tight spread. It starts from 0.015%.
DBot Website Extra Feature 17/20
DBOt is an amazing feature of this broker. You can create your own Robot through an automated system here. When you create your own strategy, Robot or DBot will automatically follow this strategy.
This DBot will include volatility index, bear, bull market index, and more statistical indexes. The multiplier option is also available on this website.
Lowest Possible Deposit 18/20
With a minimum deposit of $5, you can start your trading journey here. Most of the methods require a minimum deposit of $10.
The cryptocurrency deposit may have no limit. You can deposit through any methods like cards, banks, and eWallets.
Convenient Withdrawal and Payment Methods 18/20
No need to wait for withdrawal. The minimum withdrawal is 5$ to $10. The payment methods require 3 step confirmation.
You can receive payments through bank and other options like credit and debit cards and e-wallets.
The processing time is 1 to 2 days depending on which method you may choose. The minimal processing time for payment for debit and credit cards is 10 days.
Number of Assets 17/2
Deriv.com offers over 100 assets in an interesting line-up. These assets include currency pairs, stock indices, commodities, cryptocurrencies, and Synthetic Indices. Cryptocurrencies are used for trading for DMT5 financial accounts only.
Forex assets include 14 Major,14 Minor, and 18Exotic pairs. Stock indices offer competitively priced asset baskets.
Synthetic indices are engineered to stimulate the real price action. These indices are unaffected by market events such as liquidity and news events.
Deriv.com feels excited to offer 3 main trading platforms. This is a big plus point as many online brokers don’t offer multiple trading platforms on low financial requirements. Below is a brief description of these trading platforms:
This platform is convenient to use for inexperienced traders. It offers something for everyone. It offers user-friendly digital options such as High-Low, Rise-Fall, and Touch-No Touch.
Its option Even/Odd is super exotic. When your last click hits an even number, you will win Even Trade.
Similarly, when your last click hits the Odd number, you will win Odd Trade. You can also customize this trade size with a position size of $0.35. It’s more like gambling rather than trading.
The main difference of this platform is its longer expiry time of 365days. Moreover, its layout is also different from other platforms.
The common fact is that both platforms use technical analysis capabilities.
However, the Multiplier option is only available on Dtrader. With SmartTrader, you can use the features winning the contract, entry spot, and exit spot.
With DMT5, Clients are allowed to open three types of trading accounts: synthetic account, financial account, and financial STP. Traders can download this platform easily on the desktop.
From here, users can open more than one window at a time. Other benefits of this platform include margin trading, high leverage, and low spread.
Moreover, with calculators and other analytical tools, you can manage your capital and trading position.
Virtual Trading Account or Demo Account
After completing the sign-up, you can choose either demo or a live trading account. For newbies, it’s good to practice on demo to understand this platform. The demo account here is flexible. After sign up, you can trade on demo with 3 easy steps:
1. Select an asset
2. Monitor the chart
3. Place a trade
Trading Types of Account Types
CFDTraders and Forex Traders can trade using 3 types of accounts. This includes synthetic, financial, and financial STP. Let’s discuss each account type briefly.
The synthetic account is used for trading on synthetic indices. Such indices are unaffected by real price movement, financial news, and economic release. The leverage factor of this account can exceed up to 1:1000
This account is used in CFD trading through cryptocurrencies, major, minor currency pairs, and commodities. It offers high leverage up to 1:1000 for both experienced and inexperienced traders.
Straight-Through processing STP would allow CFD trading on Fx pairs. With this account, traders can trade major, minor and exotic pairs. Though leverage is much lower than 2 accounts, still it can go up 1000:1
How to Open an Account at Deriv.com?
How to open your account at Deriv.com? After the signup and verification process, the trader can easily open an account at this brokerage.
You can sign up through Facebook, Google, and your email. For verification, you need a National ID number issued by the government and an ID image. Below are 3 easy steps to Sign Up:
- Provide some information like email to signup
- Fill personal information form for verification
- Submit National ID card number or image as a proof
This will move you forward to account type.
As trading is open 24/7, a trader can avail of customer support 24/7. In case of any query, you can call the contact number +44 1942 316889. You can also contact me through email to support the team. The email is firstname.lastname@example.org. There are 3 ways to get help:
- Ask the community
Trading is available 24/7, irrespective of market timing around the world. However, trading volume is quite low, close to weekends. The main reason for low trading volume is the low spread in trading hours when the weekend approaches.
The main reason for choosing Deriv.com is flexible leverage. Traders mostly join this platform because they can avail leverage up to 1:1000. This way, traders can move to a larger position size by risking small deposits.
Though it’s risky, it’s still a good way to increase potential returns.
Is Deriv.com Scam? Registration & License
No, it’s not a scam. It launched recently in 2020 but has a long history of evolution since 1999. You can trust this broker as it has been a part of Regent Market Group. It’s a legit company and registered from all jurisdictions.
All of its branches are licenses. Let’s read out the regulatory information quoted on its website below:
“Deriv Investments (Europe) Limited, W Business Centre, Level 3, Triq Dun Karm, Birkirkara BKR 9033, Malta, is licensed in Malta (license no. IS/70156) and authorized by the Malta Financial Services Authority under the Investments Services Act to provide investment services in the European Union.”
Finally, this broker is not a scam, but you need to be cautious every time.
Is Deriv.com Safe?
Curious to know if Deriv is a safe broker or not? It’s safe as it uses all safety protocols to protect user’s data. All of the user’s data is secure under its server. Moreover, it uses SSL encryption which is proof of its safety.
No need to worry about hackers and data leakage.
Undoubtedly, Deriv.com is a great forex broker. You can trust it.
The deposit fee here is low, and account opening is fast. All the trading platforms are user-friendly. Moreover, it offers 24/7 customer support service. Another plus point is high leverage and tight spread.
Feel free to try Derive. This platform is still developing. You can hope to see more updated features such as mobile apps in the future. Bye for now, we’ll be back with some new topics soon.