Deriv Review

Deriv's platform is designed to provide traders with a user-friendly and intuitive trading experience. It offers a range of advanced trading tools, charting capabilities, and analytical resources to assist traders in making informed trading decisions. Additionally, the platform supports multiple account types and provides various payment options for deposits and withdrawals.

With its strong regulatory oversight and comprehensive range of tradable assets, Deriv aims to cater to the diverse trading needs of both novice and experienced traders in the global financial markets.

What is Deriv?

Deriv is an online trading platform that specializes in offering a wide range of financial instruments for trading. With more than two decades of experience in the industry, Deriv provides traders with the opportunity to engage in CFDs and derivatives trading across various markets, including Forex, stocks, indices, cryptocurrencies, options, and commodities.

The company is headquartered in Malaysia and operates under the regulation and licensing of several financial authorities. These include the Malta Financial Services Authority (MFSA), the Labuan Financial Services Authority (LFSA), the British Virgin Islands Financial Services Commission (BVI FSC), and the Vanuatu Financial Services Commission (VFSC).

Deriv Alternative Brokers

It appears that while the brokerage firm offers advanced trading solutions at competitive fees and conditions, other brokers in the market offer similar services. To assist traders in their search for a suitable broker, we have compiled a list of leading alternatives to consider:

• ATFX – Wide Range of Trading Instruments
• Accuindex – Competitive Trading Conditions
• HKEX – Professional Trading

Awards

Deriv Trading Broker has received various awards for its dedication to providing quality service to its clients. Below is a screenshot of one of the awards Deriv has been recognized for by the time of writing our review.

Leverage

Leverage is a tool used in trading that allows traders to amplify their market exposure using a smaller amount of capital. It presents an opportunity for potentially larger gains, but it also carries the risk of substantial losses. It is crucial for traders to have a solid understanding of leverage and its implications before employing it in their trading activities.

The leverage offered by Deriv is determined by the regulations of the MFSA, LFSA, BVI FSC, and VFSC, which may vary across jurisdictions. Here are some examples:

• International entities: Traders can access leverage of up to 1:1000 for major currency pairs.
• European clients: When opening an account with the Malta entity, European clients can utilize leverage up to 1:30, in accordance with regulatory requirements.

Account Types

Deriv offers three different account types for traders to choose from: Standard Financial, Financial STP, and Synthetic accounts. Each account type comes with its own set of trading options and features. Additionally, new traders have the option to use a Demo account, which is free of charge, to practice trading and execute trial trades.

By providing multiple account types and a Demo account, Deriv aims to cater to the diverse needs and preferences of traders, allowing them to select the account that aligns best with their trading strategies and goals.

To open a live account with Deriv, you can follow these steps:

1. Visit the Deriv website and locate the “Create an Account” or “Sign Up” page.
2. Click on the designated button or link to begin the account creation process.
3. Provide the required personal information such as your name, email address, phone number, and any other details requested.
4. Verify your personal data by uploading the necessary documentation. This may include proof of residence, identification documents, or any other verification requirements specified by Deriv.
5. Complete any additional steps or requirements, such as an electronic quiz or questionnaire, to confirm your trading experience and knowledge.
6. Once your account has been activated and verified, you can proceed to deposit funds into your account. Deriv typically offers various payment options for depositing funds, such as bank transfers, credit/debit cards, or electronic payment methods.
7. Follow the instructions provided by Deriv to deposit the desired amount of money into your live trading account.

FEES

Based on our findings, Deriv offers a fee structure that is beneficial for traders. Here are some key points:

1. Commission-free trading: Deriv does not charge commissions on trades, which can help traders save on transaction costs.
2. No deposit or withdrawal fees: When depositing or withdrawing funds from your Deriv account, there are no fees imposed by the broker, providing a convenient and cost-effective process.
3. Overnight fees: If a trader keeps a position open overnight, they may be subject to overnight fees. These fees are typically incurred for positions held beyond a certain time and are calculated based on the size and duration of the position.
4. Inactivity fee: Deriv applies an inactivity fee of $25 to accounts that have remained inactive for a period of 12 months. This fee serves as an encouragement for traders to maintain an active trading presence on the platform.

Trading Platforms

Deriv provides a range of trading platforms to cater to different trading preferences and strategies. Here are some key points about the trading platforms and tools offered by Deriv:

1. Proprietary web platforms: Deriv offers proprietary web-based platforms including Deriv X, Deriv EZ, and Deriv GO. These platforms are developed in-house and provide intuitive interfaces for seamless trading experiences.
2. Third-party platforms: In addition to their proprietary platforms, Deriv supports popular third-party platforms such as MetaTrader 5, Binary Bot, and SmartTrader. These platforms are well-known and widely used in the trading industry, offering advanced features and functionalities.
3. Trading tools: All of the platforms provided by Deriv offer a comprehensive range of trading tools. These include technical indicators, charting tools, and customizable trading strategies to help traders analyze the markets and make informed trading decisions.
4. Accessibility: Deriv's platforms are accessible via web browsers, desktop applications, and mobile devices. This allows traders to access their accounts and trade from anywhere, providing flexibility and convenience.
5. Reliable trading operations: Based on our research, Deriv's platforms are known for their reliability and stability, ensuring smooth execution of trades. In case of any platform-related issues, Deriv provides 24/7 technical support to assist clients.

Deriv Education

Conclusion

Deriv aims to provide traders with a reliable and convenient trading experience, supported by 24/7 technical support to address any platform-related issues. However, it's important for traders to conduct their own research and consider their individual trading needs and risk tolerance before engaging in trading activities with any broker, including Deriv.