Deriv Review

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Deriv

Rating: 9.00/10
Deriv Home Page Screenshot Deriv Trading Platform Screenshot
Broker Deriv
US Traders Accepted
Company Name Binary Investments (Europe) Ltd, Binary (SVG) LLC, Binary (V) Ltd, Binary (BVI) Ltd
Headquarters Malta, St Vincent and the Grenadines, Vanuatu, BVI, Malaysia
Regulation
  • FSA (Labuan), MB/18/0024
  • FSC (BVI), SIBA/L/18/1114
  • MFSA, C70156
  • Vanuatu Financial Services Commission, 14556
Max Payout Not fixed
Out-of-Money Reward No
Trading Platform MetaTrader 5, DTrader
Early Closure
Deposit Options Bitcoin, credit/debit cards, Ethereum, FasaPay, Litecoin, Neteller, PayPal, Perfect Money, QIWI, Skrill, Tether (USDT), WebMoney, wire transfer
Deposit Currencies United States dollar, Euro, Great Britain pound
Minimum Deposit $5
Minimum Trade $1
Maximum Trade $350,000
Online Since 2020
Trading Instruments Currencies, commodities, volatility indices, synthetic indices
Number of Trading Instruments 173
Binary Option Types Rise/Fall (Call/Put), Higher/Lower, Touch/No Touch, Matches/Differs, Even/Odd, Over/Under, Multiplier
Customer Support Types Email, office, phone, web form
Tools Offered MetaTrader 5, self exclusion (set limits on your own trading activities), pricing tables, flexible expiry times, early close.
Commission No
Languages English
Demo Account Yes, unlimited

Deriv is a new binary options broker launched in 2020 by the team behind one of the oldest binary broker in the industry – Binary.com. They offer almost identical services and tools, but the websites differ somewhat and other difference may arise soon as Deriv is developed. If you are familiar with binary options trading websites, will certainly surprise you with its depth and range of tools offered for taking informed and well-calculated trades. Deriv stands head and shoulders above your generic binary broker. Unfortunately, Deriv doesn’t accept traders from the United States, Canada, and Hong Kong, but they serve customers from all over the world.

Clarity and Transparency

As a broker that is regulated in multiple jurisdictions, Deriv is very upfront about its legal status and the companies that stand behind it. Everything you might need to know about their authorization and licenses is available on the website in clear form without and gimmicks or deception. For the traders in the European Union, their financial products are offered by Binary Investments (Europe) Ltd, an entity registered in Malta and regulated as a Category 3 Investment Services provider by the Malta Financial Services Authority. Obviously, only CFD and leveraged spot Forex products are offered to the EU traders as binary options aren’t legal in the EU countries. Outside of the European Union, binary options are offered through Binary (SVG) LLC based in St Vincent and the Grenadines and also through Binary (V) Ltd based in Vanuatu (regulated by the Vanuatu Financial Services Commission), through Binary (BVI) Ltd located in British Virgin Islands (regulated by the British Virgin Islands Financial Services Commission), and through Binary (FX) Ltd, based in Labuan, Malaysia, and regulated by the Labuan Financial Services Authority.

Payment Options

Deriv doesn’t collect any fees for incoming or outgoing transfers of funds and their minimum account size of $5 is very small. There are a lot of ways to top up your account, including but not limited to credit or debit card, bank transfer, PayPal, and a number of electronic payment systems. Additionally, Bitcoin, Litecoin, Ethereum, and Tether deposits and withdrawals are supported. You may keep an account in US dollars, British pounds, and the euro. As often is the case with good brokers, you have a choice of opening a live trading account or a demo account. With this demo account, you can practice indefinitely, and only trade with real money when you are ready – there is no time limit.

Trading Conditions

Common binary options brokers aim on traders with small balances and short-term mindset. This often results in that only intraday trading is possible. Deriv lets you start from as low as $5, but you can also trade with a huge balance of $100,000 or more. Micro-trades as small as $1 are supported, but you can also trade as large deals as $350,000 should you feel that confident.

But the greatest advantage is that you are not confined to only a small range of expiration times. Deriv lets you trade with the usual expiries lasting only a few minutes or a few hours, but it also accommodates trades that last days, weeks, or even months – up to one year. You can actually participate in the market with BO trades even if you are a long-term trader employing fundamental analysis or if you are hedging some other trades. Most of the binary brokers provide no way for a long-term market exposure. For scalpers, Deriv offers tick-based expiration contracts – this will let you capture profits on smallest market movements possible.

There are about 170 assets available for trading. They include stocks indices, synthetic indices, volatility indices, currencies, commodities, and randomized insturments. This is a wide range of trading instruments to work with. Trade types include Rise/Fall (the traditional High/Low or Call/Put trade type), Touch and No Touch, Higher and Lower (you get to choose the level above and below which the asset price must finish), Tick Trades, In and Out (for range prices), Digit Difference , Odd/Even, and Multiplier. Extremely high payouts of up to 1,000% are possible with such trade types as Multiplier.

There aren’t many educational materials on the website – just a small help center that explains the basics of trading and provides some introduction to the trading platforms at Deriv. You can use MetaTrader 5 for advanced charting and to use custom indicators or expert advisors. And you can also use proprietary DBots to automate your trading system without any coding knowledge.

MetaTrader 5

With MT5, you can trade currencies, crypto, and volatility indexes, while analyzing charts using your preferred MetaTrader indicators or auto-trade in full hands-off mode using your favorite robots. The big advantage of volatility indices is that, like cryptocurrency pairs, they are open for trading every day of the week, 24 hours a day, so you can trade them even the Forex market is closed on weekends.

DTrader

Deriv launched with its own web-based trading platform – DTrader. It has a newbie-platform trading interface that works directly in your browser and lets you trade all binary option types and also perform a rather thorough chart analysis without installing any software on your computer.

Disadvantages

Despite all of its advantages, Deriv isn’t without some setbacks. Regrettably, there is no live chat support, which is a very handy feature when you are live trading in financial markets. When your money is at stake, you want to receive support in a fast and convenient mode and not wait indefinitely for your tick to resolve.

Another poor point is that the broker is very new and is largely untested by traders. Not only its trading software and backend might turn out glitchy or inadequate for the huge number of customers that may soon join, it is also possible that the customer service might turn out subpar compared to the company’s more popular and well-established Binary.com platform.

Bottom Line

It is too soon to tell if DTrader will rise to the same level of quality in binary trading that had been attained by Binary.com, yet there is no denying that what we witness here is a well-developed and professionally managed website with a lot of nice highlights for different sorts of traders. Their unrestricted demo accounts, variety of binary option contracts, a high number of trading instruments, flexibility of expiries, near-absence of trading limits, and trading platforms are all the features that are rarely met in other binary option brokers. The candid layout of the information about the operating companies at the bottom of each page of their website suggests that they could be trusted, while the fact that Deriv is an EU-regulated broker gives you some confidence when it goes about holding money in their trading accounts.

The combination of their proprietary platform and MetaTrader 5 makes Deriv a broker that is worthy of closer investigation and a good candidate at least for demo account opening. However, I would first test out their customer support service before committing some real money into their live trading account.

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