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How does Deriv stand out as an online trading broker?
Deriv is an online trading broker that has been in the industry for over two decades and has garnered a global presence of more than three million active traders. The broker’s trading platforms are suitable for novice and experienced traders. They offer a user-friendly interface for those new to online trading, sophisticated tools and diverse assets for professional traders to expand their portfolios.
Traders signing up with Deriv can trade CFDs, multipliers, and other derivatives on a broad range of over 100 tradable assets, covering over 60 Forex currency pairs, in addition to Stocks and Indices, Cryptocurrencies, ETFs, and Commodities. In addition, Deriv offers 24/7 trading on its exclusive, proprietary Synthetics and Derived indices, offering trading opportunities that may not be present in more traditional financial products.
Deriv’s synthetics are simulated indices designed to mimic real-world market conditions. These indices are generated using a unique algorithm that simulates real-world market movements and price data.
Deriv distinguishes itself in the market by currently providing access to eight online trading platforms, including two bot builders for automated trading. These platforms are available in multiple languages and cater to different trading styles and preferences. It is important to note that the availability of Deriv's trading products and services varies depending on a trader’s country of residence and jurisdiction.
In addition, Deriv enables traders to sign up for a demo account, credited with 10,000 USD in virtual funds, to test their skills and strategies without risking any real money.
Which assets can be traded on Deriv?
Forex: Deriv excels in the forex market with access to close to 60 currency pairs, including major, minor, and exotic currency pairs.
Stocks & indices: Traders can trade over 10 global stock indices like the Dow Jones, S&P 500, NASDAQ, and Nikkei 225. Top stocks available on Deriv include Apple, Meta (Facebook), Google, Amazon, and more.
Cryptocurrencies: Deriv's platforms allow traders to speculate on popular cryptocurrency pairs' price movements without owning the underlying assets.
Commodities: Deriv offers trading in top commodities like precious metals and oil.
Synthetics: Synthetics are proprietary indices that mimic real-world market conditions, thanks to a unique algorithm, to provide traders with opportunities to trade on assets not available on other trading platforms. With synthetics, trading is 24/7, including weekends and public holidays. Deriv offers various synthetic indices, including its popular Volatility and Crash/Boom indices.
Trading conditions
Minimum deposit: Deriv has a low minimum deposit requirement, starting from just 5 USD. This makes it accessible to traders with any budget and allows them to start trading with a small investment.
Low spreads: Deriv clients can enjoy spreads from as low as 0.3 pips for major forex pairs.
Leverage: Deriv offers diverse trading accounts with varying leverages, enabling traders to select the most suitable option based on their risk appetite.
Trading hours: Trading hours vary depending on the financial instrument. Forex trading is available 24 hours a day, five days a week, while cryptocurrency pairs and synthetics trading are available 24/7, including weekends and public holidays.
Multiple account types: Deriv offers several account types for various types of trader profiles, including a financial STP (straight-through processing) account designed for more experienced traders who want direct market access (DMA) and the ability to trade on institutional-grade liquidity, a dedicated account to trade exclusive Derived indices and synthetics. Swap-free accounts are also available, allowing traders to trade CFDs without overnight swap charges on selected assets. Clients are charged inactivity fees after 12 months.
How to trade on Deriv
To set up a real Deriv trading account, traders must first create a Deriv demo account. This account comes with virtual funds of 10,000 USD for traders to practise trading and become familiar with the different Deriv trading platforms.
Once the demo account is set up, traders can then open a real trading account by following the account creation process.
Deriv has a minimum deposit requirement of 5 USD or equivalent for fiat currencies. No minimum is required on deposits with cryptocurrencies. Available payment methods include:
● Credit and debit cards
● E-wallets
● Online banking
● Cryptocurrencies
● Fiat onramp
Deriv does not charge deposit or withdrawal fees. Clients must check, however, if specific fees apply depending on the payment method selected.
What trading platforms does Deriv offer?
The broker offers different platforms to suit various trading styles and preferences:
● Deriv Trader: an easy-to-use platform offering options and multipliers trading on over 50 assets in forex, stocks & indices, commodities, synthetics, and Derived indices.
● Deriv Bot: an automated trading tool that allows traders to automate their trading strategies without manual intervention. No coding skills are required.
● Binary Bot: a drag-and-drop tool for creating trading bots and automating strategies for options trading.
● Deriv MT5: a CFD-trading platform that gives access to multiple asset classes and Deriv's proprietary synthetic assets. The MT5-powered platform allows traders to leverage powerful features such as advanced technical analysis tools and customisable charts.
● SmartTrader: an Options trading platform that offers a user-friendly interface, a wide range of financial markets to trade and helpful charts.
● Deriv X: the broker's highly-customisable CFDs platform that allows traders to personalise their trading environment and trade on various financial and synthetic assets.
● Deriv GO: a mobile app that provides a convenient and user-friendly way for traders to stay connected to markets and manage their trading activities on the go.
Note: Trading conditions, products, platforms and services may vary according to client jurisdiction.
Is API trading available at Deriv?
Deriv provides access to its application programming interface (API), which allows developers to create custom trading applications and interfaces. This provides excellent flexibility and customisation options for developers and traders. Deriv's APIs support various programming languages, such as Python, JavaScript, and Flutter, making it easy for developers to integrate their apps with Deriv’s trading services.
Is Deriv a licensed broker?
Deriv operates in compliance with multiple financial regulatory bodies, including the Malta Financial Services Authority (MFSA), the Vanuatu Financial Services Commission (VFSC), the British Virgin Islands Financial Services Commission (BVIFSC), and the Labuan Financial Services Authority (LFSA).
Does Deriv provide trading tools?
The broker offers different educational content and trading strategy resources, believing that well-informed traders are more likely to make sound decisions. Some examples of the trading tools that Deriv offers to its customers include:
● Margin calculator
● Swap calculator
● Pip value calculator
● PnL for margin
● Multipliers calculator
● Educational resources
Partnerships: Affiliates, Introducing Brokers, and Payment Agents
Deriv offers various programmes for partners to earn commissions by referring new clients to the company.
Deriv's Affiliate Programme is for affiliates who want to monetise their client base through trading referrals. Three commission plans are available, notably Revenue Share, Turnover, and CPA (for EU only), each offering different commission structures and incentives.
The Deriv Introducing Broker (IB) Programme is exclusive to Deriv affiliates, allowing them to earn commission from their referred clients' trades (trading volume) on Deriv MT5.
Deriv's Payment Agent Programme is for businesses and individuals who want to earn commissions by facilitating deposits and withdrawals for Deriv clients. The primary purpose is to assist clients with funding their trading accounts using local bank wires and e-payment methods.
How to contact Deriv
According to the Deriv company website, the customer support team is available 24/7 to assist clients with issues or questions in over 20 languages, including Spanish, Turkish, Russian, Chinese, and French. This support is available via:
Live chat: Deriv has a live chat feature on its website that allows clients to communicate with a customer support representative in real time. This is a quick and convenient way to get help with any issues or questions.
WhatsApp: The broker can also be contacted via WhatsApp via the Deriv website.
Final verdict
Deriv is a reputable online trading company that operates with transparency and adheres to strict regulatory standards. The company boasts low trading fees, exceptional service delivery, and high operational standards, catering to traders of varying experience levels. Traders will appreciate Deriv's comprehensive range of features and services, as well as its reliability and effectiveness as a trading broker. Their user-friendly technology, competitive pricing, and robust security measures solidify their standing as a top choice for traders seeking a trustworthy broker.
Deriv does not provide services in Alderney, Belarus, Canada, the Cayman Islands, Guernsey, Hong Kong, Israel, Jersey, Jordan, Malaysia, Malta, Rwanda, Paraguay, Singapore, the United Arab Emirates, the United States of America, or any country identified by the Financial Action Task Force (FATF) as having strategic deficiencies. See website for details.
