Reviews
- Regulated by MFSA: Ensures compliance with stringent financial regulations, enhancing trust and safety.
- Wide Range of Tradable Assets: Includes forex, stocks, commodities, and cryptocurrencies, catering to diverse trading preferences.
- User-Friendly Platform: Intuitive and easy to navigate, suitable for both beginners and experienced traders.
- Extensive Educational Resources: Offers tutorials, webinars, and guides to support traders at all levels.
- Strong Focus on Security and Privacy: Implements industry-standard encryption and segregates client funds from operational funds.
- Multilingual Customer Support: Provides assistance in multiple languages, accommodating a global clientele.
- Limited Account Types for Professional Traders: May not meet the needs of advanced traders seeking specialized accounts.
- Lack of Advanced Charting Tools: Basic charting options may not suffice for traders relying heavily on technical analysis.
- No Automated or Social Trading Features: Lacks support for algorithmic trading and social trading functionalities.
Detailed Review of Deriv
Overview
Deriv, previously known as Binary.com, is a global online trading platform operated by Deriv Investments (Europe) Limited. Established in 1999, Deriv has grown to offer a variety of financial instruments, including forex, stocks, commodities, and cryptocurrencies. The platform is known for its user-friendly interface, innovative trading tools, and strong commitment to transparency and security. It is licensed and regulated by the Malta Financial Services Authority (MFSA), providing traders with confidence in its operations.
Legitimacy and Trust
Deriv is a legitimate platform regulated by the MFSA. This regulatory oversight ensures that Deriv adheres to high standards of financial practice, including the protection of client funds and the implementation of robust security measures. The platform employs encryption protocols to safeguard data and operates a policy of segregating client funds from its own, ensuring the safety of traders' deposits.
Tradable Instruments
Deriv offers a broad spectrum of financial instruments:
- Forex: Access to major, minor, and exotic currency pairs.
- Stocks: Trade shares from global markets, including major indices.
- Commodities: Includes gold, silver, oil, and agricultural products.
- Cryptocurrencies: Trade popular digital currencies like Bitcoin, Ethereum, and Litecoin.
Account Types
Deriv provides two main account types:
- Standard Account: A demo account for practice without risking real money. Ideal for beginners to test strategies.
- Real Money Account: A live trading account for actual trading, providing full access to all available instruments.
Commission and Fees
Deriv operates on a commission-free model, generating revenue through the spread (the difference between bid and ask prices). While there are no direct trading fees, traders should be aware of potential charges related to deposits, withdrawals, or other account services.
Trading Platforms
Deriv offers two main trading platforms:
Web-Based Platform: Accessible through modern web browsers, featuring a clean and intuitive interface.
Mobile App: Available for iOS and Android, providing the flexibility to trade on-the-go.
Unique Features
- DBot: An automated trading tool that allows users to create and deploy custom strategies using a drag-and-drop interface.
- DTrader: An advanced platform with customizable indicators and technical analysis tools for professional traders.
- DupliTrade: A social trading feature enabling users to follow and copy trades of successful traders.
Research and Education
Deriv emphasizes education through its Trading Academy, offering resources such as video tutorials, webinars, e-books, and guides. The platform also provides trading signals and an economic calendar to help traders stay informed and make better decisions.
Customer Support
Deriv provides comprehensive customer support through multiple channels:
- Live Chat: Real-time assistance.
- Email Support: For detailed inquiries.
- Phone Support: Direct communication with support representatives.
- Multilingual Support: Assistance in various languages to cater to international clients.
Account Opening
Opening an account with Deriv is a straightforward online process. Required documents include proof of identity and address. After submission, Deriv's compliance team verifies the information to comply with AML and KYC regulations.
Deposit and Withdrawals
Deriv supports various payment methods for deposits and withdrawals, including credit/debit cards, bank transfers, and e-wallets like Skrill and Neteller. Processing times vary based on the method and location.
Conclusion
Deriv is a reputable and user-friendly trading platform suitable for traders of all levels. Its regulatory backing, commitment to security, and extensive educational resources make it an attractive option. However, the platform may lack some advanced features desired by professional traders, such as advanced charting tools and automated trading capabilities. Overall, Deriv is a solid choice for those seeking a reliable and straightforward trading experience.
Contact Info
- Phone: +44 (0) 1923 832 800
- Email: support@deriv.com
- Address: Deriv Investments (Europe) Limited, W Business Centre, Level 3, Triq Dun Karm, Birkirkara BKR 9033, Malta
