Deriv.Com Review

on

Deriv.com is one of the oldest binary options brokers in the market. Before rebranding as Deriv, this broker was originally branded as BetonMarkets at its initiation and later as Binary.com. Deriv is the latest branding. If you look for my verdict of this review, I can state here conclusively that this broker is completely legitimate and fully regulated in both Europe and other countries outside of EU. Hence, my review just provides you with some key information about this broker. Working with the broker, you need to comply with their terms to avoid any problems for your account. 

Open a demo account with Deriv now. 

Trading Platform

1. DMT5

Deriv in the past did not provide Forex trading or CFDs while binary options was their main trading service. However, now Deriv also opens their service for Forex trading with leverage up to 1:1000. You can use one account for both types of trading. Trading can be done through online Webtrader or Metatrader 5. It is super easy to execute your trades. 

2. DTrader

DTrader is the online platform for you to trade binary options. There are over 100 assets to choose from. On the platform, you can trade both tick trades and normal trades with expiration time customized to your need from 15 sec to days, weeks, or even months. The platform is easy to understand and you can use multiple trading indicators directly on it. 

3. DBot

DBot is the online bot platform where you can insert a bot template file and then execute your trades automatically according to the rules set in the bot template. On its shop, you can also download some free bot templates to test it out. Dbot is for executing trades in binary options. You can run the bot on your browser or on a virtual private server (VPS). 

Assets

Over 100 products are available at Deriv.com spanning:

  • Forex – Close to 50 FX currency pairs, including majors, minors and exotics
  • Stock indices – Speculate on price movements across the largest US, Asian and European stock indices
  • Synthetic indices – Based on a secure random generator, synthetic indices replicate real-world market conditions and are available 24/7 delivering consistent volatility
  • Commodities – Precious metals, such as gold and silver, plus energies like oil are available

Regulations

In the EU, Deriv is regulated by the Malta Financial Services Authority (FSA). For traders outside of the EU, the broker is licensed with the Vanuatu Financial Services Commission (FSC) and the British Virgin Islands Financial Services Commission (FSA). In addition, Deriv.com is regulated by Malaysia’s Labuan Financial Services Authority (FSA). 

Payment Methods and Withdrawals

Deposit payment options include:

  • Bank wire transfer – Minimum deposits start at just $5 with most deposits processed instantly.
  • Credit/debit cards – Both Visa and Mastercard can be used with minimum deposits starting at 10 USD/GBP/EUR/AUD. Deposits made via credit and debit cards are processed instantly.
  • E-wallets – Skrill, Neteller, PaySafe, Fasapay, and WebMoney are all available, amongst others. Minimum deposits start at 5 of your base currency and are processed instantly.
  • Cryptocurrency – You can deposit funds into your deriv.com account using Bitcoin, Ethereum, Litecoin and Tether. There is no minimum deposit when using cryptocurrencies, with payments processed in three blockchain confirmations.

Deriv.com does not charge fees for making deposits.

You can withdraw by using the same payment methods you use to deposit. The withdrawal process may take 1-2 working days. Also, you can open cryptocurrency account on top of your base account. Then, you can transfer your money between accounts based on the exchange rates on the market. 

Deriv.com accepts traders from most countries in the world except United States, Canada, Hong Kong, Israel, France, Jersey, Malaysia, Malta, Paraguay, United Arab Emirates.

To have a fully verified account, you need to submit your identity document such as Passport or Government ID, and other document showing your current address such as Utility Bills or Bank Statement. It is recommended these documents contain your name as the owner; otherwise, your documents may not be accepted. However, you can trade without verification if your withdrawal is less than 10,000 USD in accumulation. 

Open a demo or real account with Deriv.Com now and practice your trading strategy. 

 

 

Comments

Post a Comment