Deriv.com

Deriv.com is a relatively new broker that aims to capitalise on the success of Binary.com. The firm offers a wide range of derivatives products encompassing several major global markets, which are great for swing trading. This 2024 Deriv.com review will explore deposit and withdrawal options, trading platforms, binary options payouts, account types and more.

What Is Deriv.com?

Company Details

Deriv.com is a large derivatives broker that boasts a wide range of CFDs, binary options and multipliers. The company’s headquarters are in Cyberjaya, Malaysia, though it also has offices in Melaka, Ipoh and Labuan, Malaysia, Dubai, the UAE, Malta, Cyprus, Paraguay, Rwanda and Belarus.

Deriv.com accepts customers from almost all countries in the world, including India, Indonesia, the UK, Paris and throughout France, South Africa and Germany. Notable countries from which residents cannot sign up for, create and open a live account are the United States (US), Canada and Hong Kong.

History

Deriv.com launched off the back of Binary.com in 2020 with a total rebrand. The new firm features an eye-catching logo and a much larger range of products. This is not the first rebrand as, throughout its full history, the broker has over 20 years of experience. In this time, the company opened more than 2.7 million trading accounts and raked in an annual trade turnover of almost $10 billion.

Several authorities in Malaysia, Malta, the British Virgin Islands and Vanuatu regulate and oversee the broker.

Markets

Deriv.com clients can trade derivatives in over 100 markets:

• Synthetic Indices: Two CFDs and multipliers in volatility indices and two in crash/boom indices, plus options in ten continuous volatility indices alongside bull and bear market indices
• Forex: CFDs in 44 currency pairs, options in 28 and multipliers in 14, plus five forex indices available as all three derivatives classes
• Cryptocurrencies: 15 CFDs on popular digital currencies, plus multipliers on Bitcoin and Ethereum
• Commodities: CFDs and options in 11 metals and two energy commodities
• Stock Indices: CFDs on ten major equity indices and options in 11 indices
• Stocks: 47 CFDs on major US equities

Trading Platforms

Deriv.com give their customers three options when it comes to trading platforms. The main platform offered by Deriv.com is DMT5, which uses the feature-rich MetaTrader 5 (MT5), the follow up to the popular MetaTrader 4 (MT4) platform.

After users sign in with their login credentials, they can trade all assets using a range of order types. The platform has a user-friendly interface and is easy to navigate.

The terminal is available to download for free on Windows and Mac.

MetaTrader 5

Deriv.com also has an alternative fully customisable platform called DTrader. It offers a clean interface and charts that can be tailored to match a trader’s needs. It also has many technical indicators and widgets. The other platform provided is known as DBot. This relates to automated (algorithmic) trading. Customers can create their own trading API or bot. It is free to develop bots using the platforms and it only takes five steps.

DBot

Deriv X

The derivatives broker also created a bespoke CFD-focused platform it calls Deriv X. This software package supports more than 100 instruments with 13 drawing tools, multiple chart views and over 90 technical indicators on offer. The platform is also highly customisable, with widgets that can be dragged, dropped and enlarged, allowing you to create optimal layouts and a custom experience. The software’s dashboard section contains useful historical data, a built-in trading journal and customisable asset watchlists.

Deriv X

Mobile Apps

There are no mobile versions of DTrader or DBot, though MetaTrader 5 can be downloaded for both Apple (iOS) and Android (APK) devices. MT5 mobile offers much of the same functionality as the desktop client, with account management and customisation at the forefront. Clients can access a range of charting options, indicators and order types. However, some of the advanced functions and features are not available on mobile.

Deriv Trading Devices

Trading Accounts

Deriv.com offers three account types, the Synthetic Account, the Financial Account and the Financial STP Account. Each option features the same minimum deposit and spreads but offers different types of trading. Not all accounts are available in every jurisdiction, as some local regulations limit the instruments that the broker can offer.

Demo Account

Customers can open a demo account at Deriv.com. This mimics live trading conditions and allows clients to get a feel for the platforms and assets on offer. The demo account is a great place to practise new swing trading strategies or test out different order types. Additionally, there is no time limit, no fund cap and users can sign up and register in English and several other languages.

Deriv.com Leverage

Customers can access leverage up to 1:1000. This means they can put down $10 and open positions worth $10,000. Using leverage increases winnings but also magnifies losses, so always trade with caution and use a calculator to check possible losses.

Leverage rates vary for clients in certain jurisdictions. For example, EU and UK traders can only access rates up to 1:30.

Fees

Deriv.com does not charge commissions and promises minimal trading fees. However, it does charge a dormancy fee after 12 months of inactivity. Spreads on all assets start from 0.5 pips. While there is not much data on average spreads at Deriv.com, its predecessor was known to have competitive spreads and transparent fees.

Swap rates are also charged on positions held overnight; these will come into play when swing trading.

Payments

Deposits

The minimum deposit at Deriv.com is $5. In many cases, deposits are processed instantly with funds available to trade straight away. The minimum and maximum amounts vary between different methods.

Accepted deposit methods include:

• Bank Wire Transfer
• Cryptocurrencies
• Perfect Money
• PaySafeCard
• OnlineNaira
• Diner’s Club
• NganLuong
• Credit Card
• WebMoney
• Mastercard
• Debit Card
• Help2Pay
• Pay Livre
• AstroPay
• PayTrust
• AdvCash

Withdrawals

Withdrawals at Deriv.com can be made to the same methods as deposits. Customers must complete the verification process after registration before they can make a withdrawal.

The typical withdrawal time and minimum amount vary for different methods. However, the broker processes most withdrawals within one working day. Customers can also use a peer-to-peer (P2P) deposit and withdrawal service at the cashier.

Deriv.com Regulation

In the EU, the Malta Financial Services Authority (MFSA) regulates Deriv.com, whereas the Labuan Financial Services Authority (LFSA) in Malaysia, Vanuatu Financial Services Commission (VFSC) and British Virgin Islands Financial Services Commission (BVIFSC), oversee the broker throughout the rest of the world. While none of these is a renowned or rigorous regulator, the presence of four separate licenses is reassuring.

Security

Deriv.com uses SSL website encryption, which makes sure that sensitive customer data is secure. Keeping high levels of security is at the top of the broker’s priorities. The MT5 platform also offers two-factor authentication (2FA) at login to better protect client data and capital.

Customer Support

Deriv.com provides 24/7 customer support. This can be vital when swing trading in case you need help resolving an issue quickly. Customer service can be contacted via the following contact details:

• Helpline Phone Number: +44 1942 316229
• Email Address: support@deriv.com
• Help Centre: support portal
• Telegram: @derivdotcom
• Live Chat: broker website

Additional Features

It was disappointing to see that Deriv.com does not offer a range of educational resources and eBooks. Many competitors provide extra features, calculators, market insights and training content to give their clients a well-rounded experience.

DTrader

Deriv.com Promotions & Bonuses

Deriv.com does not offer a sign-up or welcome deal for new clients. It also does not offer a $20 no deposit bonus or any promotions, as has been rumoured. While this is disappointing, it is in keeping with regulations in place in the EU.

Advantages

Key benefits of trading with Deriv.com include:

• Three trading platforms to choose between
• Easy to sign up and open a real account
• Quick deposits and withdrawals
• Transparent business model
• Low minimum deposit
• Great range of assets
• No commission
• High leverage

Disadvantages

Deriv.com also has its drawbacks:

• Limited educational and news resources
• No sign-up bonus
• No copy trading

Trading Hours

Deriv.com is open 24/7 for account management and trading. However, certain assets cannot be traded throughout the day. Many instruments and markets close overnight and on weekends, as per their underlying exchanges. Cryptos are also available 24/7.

Deriv.com Verdict

Deriv.com has followed on from the success of Binary.com. offering a uniquely competitive range of derivatives assets that are great for swing trading. The choice of trading platforms, which includes MT5, strikes a balance between user-friendly features and sophistication, while the wide selection of payment options supports traders from across the world. High leverage rates and low commissions also keep trading prices low and potential profits lucrative. Register for an account today to start trading.

FAQ