Deriv review 2024

ptn | July 5th, 2024


Deriv offers complex derivatives instruments, such as options and contracts for difference (“CFDs”). These products may not be suitable for all customers and trading them puts you at your own risk. Please ensure that you understand the following risks before trading Deriv products: a) you may lose some or all of the amount invested in the transaction, b) if your transaction involves conversion currency, exchange rates will affect your profits and losses. You should never trade with borrowed money or with money that you cannot afford to lose.

Deriv was launched in Malta by Regent Markets Group to make convenient online trading accessible to the public. They have extensive experience spanning over 20 years and provide their clients with various trading platforms and applications for convenient access to the financial markets on all their devices. With Deriv Broker, you can trade a fair selection of over 150 financial assets, including forex, stocks, commodities and synthetic indices. You will find many tools and educational resources to help you make informed trading decisions. There is a professional customer support team always ready to assist traders. The minimum deposit to start is relatively low at just $10 while a demo account is available for those of you who just want to get a feel for online trading before making any commitments.

Pros and cons

Pros

  • Good selection of cutting-edge trading platforms and applications
  • Trade forex, stocks, stock indices and commodities in one place
  • Decent amount of educational resources
  • Practice with a demo account pre-funded with unlimited virtual funds
  • Many convenient deposit/withdrawal options
  • Free API trading solution
  • Great 24/7 customer support

Cons

  • Cryptocurrency trading or payments are not currently supported
  • Limited asset types compared to other leading brokers
  • There is no MetaTrader 4 platform
  • Limited choice of trading account types

Beginning

Broker Deriv specializes in CFD trading products and services. The company has become one of the world’s largest online brokers, offering a wide range of CFDs and other derivatives contracts on foreign exchange, stocks and synthetic indices to more than one million customers worldwide. world.

I appreciate how long they have been around in the online brokerage industry, where so many companies come and go almost overnight. It can help traders rest assured that they are using an established company that is always looking to adapt to the implementation of modern technologies to continue to improve their already impressive trading services. Surname.

Jean-Yves Sireau, CEO of Deriv, said: “Innovative thinking has always been at the core of our growth strategy. Deriv continuously works to introduce new products and services to provide our customers with the opportunity to use the latest technology, maximizing the probability of their success. We put our customers at the heart of everything we do and use all our resources to help them stay one step ahead of the market.”

In 1997, Jean-Yves began working on the systems and algorithms that became the foundation of Deriv. Today, more than 20 years later and with revenues of more than $3 billion, Deriv Group continues its journey of innovation to provide customers access to a wide range of contracts, markets and applications for trading.

Since 1999, Deriv, a multi-regulated retail trading broker, has continued to provide millions of traders worldwide access to the global financial markets. Trading is carried out using various trading platforms and applications, which include everything you need for comprehensive market analysis and order management.

Beginner traders can also benefit from useful educational resources and a very informative online community where you can learn more about online trading with broker Deriv. All this is backed by the reliable services of a dedicated customer support team.

Regulations

When it comes to choosing a broker for online trading, regulation is one of the most important things to pay attention to. Simply put, trading with a regulated broker can provide you with certain protections that an unregulated broker cannot. This is important if you care about safety and security, just remember that not all regulators follow the same rules and procedures. Some are more tolerant than others and vice versa. Customer protection can vary greatly depending on the entity with which you open an account.

The services provided on Deriv.com are provided by Deriv Group. The Group has a number of subsidiaries licensed to operate Deriv.com in their registered jurisdictions.

Since 1999, the group has served traders worldwide with integrity and reliability. They always hold themselves to the highest ethical standards and regulatory requirements.

That being said, in the EU the Deriv brand is operated by Deriv Investments (Europe) Limited, which is licensed and regulated as an investment services provider by the Malta Financial Services Authority (MFSA).

Outside the EU, the brand is operated by the following companies with their respective regulatory bodies, therefore:

  • Deriv (FX) Ltd: Labuan Financial Services Authority (LFSA)
  • Deriv (BVI) Ltd: British Virgin Islands (BVI) Financial Services Commission
  • Deriv (V) Ltd: Vanuatu Financial Services Commission (VFSC)
  • Deriv (SVG) LLC, Hinds Building, Kingstown, St. Vincent and the Grenadines (SVGFSA)

Trading platforms

Deriv MT5 (DMT5)

DMT5 is the MT5 platform provided by Deriv. It is a multi-asset online trading platform with innovative order types designed to provide new and experienced traders access to a wide range of financial markets. It is developed by MetaQuotes and gives you access to a wide range of assets – forex, stocks, indices and commodities – on a single platform. Deriv presents the MT5 trading platform in desktop, web and mobile versions.

You can explore CFDs on Deriv MT5 (DMT5) and enjoy tight spreads to help reduce your trading costs when trading the markets. With the calculators and many analytical tools available on the Deriv MT5 platform, you will also be able to manage your capital and trading positions better.

I love that traders can enjoy zero commission trading on all assets with the Deriv MT5 platform. Additionally, you should not pay any overnight fees for overnight positions on selected forex pairs, which is an advantage for those of you who are using strategies that may be affected by rollover fees. night, such as night surfing.

The MT5 trading signals service allows you to copy the trades of more experienced traders to your MT5 account. Once you have subscribed to the signal, the provider’s trades will be automatically copied on your Deriv MT5 trading account every time they place a trade.

DTrader

It is an advanced trading platform that allows you to trade over 50 assets in the form of digital options and multipliers across a wide range of assets in the financial and synthetic markets. Note that some transaction types may not be available in certain countries.

DBot

DBot is a web-based strategy builder for trading digital options. This is a platform where you can build your own trading bot using drag and drop ‘blocks’. It allows you to automate your trading strategies without writing code. This can be a good solution for those of you who are looking to run automated trading strategies to handle all of your trading activities.

DXtrade

DXtrade broker’s proprietary platform (Deriv X) offers traders a cross-platform service available on the web and as a mobile trading app. The white-labeled version of DXtrade is highly customizable and offers CFD trading on the most popular financial markets – forex, commodities and cryptocurrencies. The terminal is also equipped with a wide range of trading tools, making it a great choice for both beginners and professional traders. The white-label solution provides agents and broker administrators with many of the benefits available from existing separate platforms, but with the efficiency of a customizable backend to help set up management their risk or trader segment.

Deriv API

You can use the powerful, flexible and free Deriv API to build a custom trading platform – for yourself or for your business. The Deriv API gives you full access to all DTrader trading functions and allows you to build your own comprehensive trading systems and analytical tools. This is a comprehensive all-in-one client library. It allows you to simplify your development processes and make your application work faster with the client library of your choice.

With the Deriv API you will be able to:

  • Trade digital options and multipliers
  • Track prices in real time
  • Sale contract
  • Manage user accounts
  • Monitor existing contracts
  • View user transaction history

Tools

Deriv trading platforms should have enough integrated tools to satisfy even the most demanding traders. You will find a variety of trading tools to analyze the markets, place and manage orders, all in an efficient manner. It doesn’t matter what type of trading strategy you plan to use, there is probably a tool to help you with your trading.

Not to mention, the MT5 platform contains a marketplace where you can find thousands of trading tools such as indicators, robots and signals. In addition to the wealth of platform tools, Deriv provides you with a number of handy standalone trading calculators to help make your trading more efficient.

Margin calculator

Estimate the amount of margin you need to hold your positions. Results depend on leverage, lot volume and your DMT5 account balance.

Overnight fee calculator

Charge an overnight fee to hold any open position. Fees can be positive or negative depending on your swap rate.

pip calculator

Find the value of pips in your trades to manage your risk effectively.

PnL for margin

Estimate stop loss and/or take profit as well as pip value for your contract to minimize risk when buying or selling a position.

Stop loss and take profit for multiplier

Estimate the level and amount of stop loss and take profit for your contract to minimize risk in case the market price moves against your prediction.

Education

If you are a beginner and new to online trading, you will most likely be looking for a broker that offers a wide selection of learning materials to help you get started. With that in mind, the Deriv website contains a number of relevant educational resources that can help improve a trader’s skills and knowledge. However, they don’t quite offer as many trading guides and video tutorials as some of our best brokers for beginners.

These include a dedicated help center where you can find various useful learning articles, and an FAQ section that covers some of the more common questions new customers may have. There is also a trader academy packed with informative articles related to online trading and the various products Deriv offers. Then there’s the Deriv community, where you can further expand your knowledge and communicate with like-minded traders.

Account types

Traders are offered different account options depending on the trading platform in use: DMT5 Accounts (Financial, Financial STP and General); DTrader Account and DBot Account. Demo accounts are available for practice purposes.

I will always start trading on a demo account when starting out with a new broker or trading strategy. This gives you the opportunity to see if a broker fits your trading style and allows you to build confidence in your trading skills before making a financial commitment. main or not.

Customer support

Broker Deriv’s customer support team is available 24/7 to answer traders’ general, technical and account-based questions. They can be contacted via email, social media, live chat or by visiting any of their offices globally. It’s good that they are available around the clock as you may be in a different time zone than the broker, which can be a problem if using a broker that is restricted to standard business hours.

Looking around at various trading and review sites, I was really impressed to see that the broker if proactively responds to the majority of customer feedback, both good and bad. I think it’s important for a company to address any issues that may arise and make this information available to anyone else who may be considering using their services.

Conclusion

I think Deriv is a good broker for anyone who is looking to trade CFDs online and wants to test out some unique trading tools that you probably won’t find anywhere else. Customers can trade with confidence knowing that Deriv is regulated in multiple jurisdictions and has a responsive customer support team to help them 24/7.

It doesn’t matter what your level of previous experience is as they provide traders with a variety of user-friendly platforms to trade a variety of financial assets online, including forex, stocks , indices and commodities. However, they are lacking in terms of cryptocurrency trading and payments.

Those of you who are new traders can benefit from a range of free educational resources and demo accounts to practice trading online and get a feel for the trading platforms on offer. There are a number of favorable trading conditions, including STP order execution, low spreads and flexible leverage.

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