Deriv Review - What to expect from the broker

Deriv is a CFDs and options broker that seeks to make trading accessible to anyone, anywhere, at any time. This broker has 25 years of experience in the market and allows traders to invest in a variety of global markets including forex, indices, commodities, and more. Notably, the broker has immersed over 2.5 million customers from around the globe in its time in the market. In this Deriv review, we will look at what the broker has to offer to traders to understand why it is popular among traders. Here is what to expect from the broker if you choose to trade with it.

General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Basic Information About Deriv 

  • Website Address: Deriv.com 
  • Instruments: CFDs on forex, derived indices, stocks and indices, commodities, cryptocurrencies, and ETFs alongside Options.
  • Minimum Deposit: $5
  • Demo Account: Yes.
  • Trading Platform: Deriv MT5, Deriv X, Deriv cTrader, SmartTrader, Deriv GO, Deriv Trader, Deriv Bot.
  • Methods of Deposit and Withdrawal: Credit/Debit cards, Online Banking, Mobile Money systems like Mpesa, Airtel Money, and MTN MoMO, eWallets such as Neteller, Skrill, and Perfect Money, Cryptocurrencies, Vouchers, and Deriv P2P. Please note that the available payment methods depend on the client's country of residence.

Deriv Trading Platforms

When choosing a broker to trade with, traders always look for a broker with a variety of trading platforms. Deriv offers traders seven different trading platforms they can use to open and close orders in the market. These include Deriv MT5, Deriv X, Deriv cTrader, SmartTrader, Deriv GO, Deriv Trader and Deriv Bot. Traders can pick any of these platforms that best suits their trading needs.

Deriv MT5 allows traders to access the different market products availed by the broker in an MT5 environment. This means that traders gain access to a plethora of indicators, charting tools, and the ability to use EAs to automate their trading. On top of that, traders can place orders with a single click. On the other hand, Deriv X is a customisable and feature-rich platform produced by the company. The platform gives traders multiple chart views, over 90 different indicators, and 13 different drawing tools.

Further, Deriv cTrader is an easy-to-use platform that comes packed with a wide range of features. The platform allows investors to enhance their trading with features such as copy trading, limit order and stop order, chart trading, and custom indicators. SmartTrader is the Options trading platform with easy navigation supplied by Deriv, similarly to the Deriv Trader platform which also offers accumulators and multipliers. The next platform on the list available at Deriv is Deriv GO, which as the name suggests is a mobile application platform on the go. The last accessible platform is called Deriv Bot which is designed for traders who wish to get into automating trading not necessarily with any coding skills.

The availability of each platform differs depending on the visitor's country of residence. In the EEA countries, traders can access only Deriv MT5 and DerivTrader while clients from the rest of the world have access to all 7 platforms.

Assets Available On Deriv 

Clients of Deriv can invest in more than one global market without needing to leave the trading site. Below is a review of the market products that this broker allows its traders to invest in. 

  • Forex - Deriv allows investors to trade over 70 different currency pairs which include majors, minors, exotics, and micro currency pairs. Interestingly, these currency pairs are available to trade in a variety of forms. All of them are available as CFDs, majors and minors are available as options, and only majors are available to trade in the form of multipliers.
  • Derived Indices - This asset class allows traders to trade Deriv’s proprietary synthetics that simulate real-world movements. Assets in this class are unaffected by regular market hours, global events, or market and liquidity risks. They are available to trade as CFDs, Options, and Multipliers.
  • Stocks and Indices - Further, traders can expand their trading opportunities with access to a wide range of stocks and indices at competitive prices. Assets in this asset class are available to trade as CFDs as well as Options.
  • Commodities - Clients of Deriv can trade popular assets in the commodities market including gold, silver, and oil, among others. Like many other assets on this trading site, commodities are available to trade in the form of CFDs and Options.
  • Cryptocurrencies - Traders can also dip their toes into cryptocurrency investing with Deriv. There are a variety of popular cryptocurrencies available to trade as CFDs and as Multipliers. These include cryptos such as Bitcoin, Bitcoin Cash, Cardano, Dogecoin, and more.
  • Exchange-Traded Funds - Finally, clients of Deriv can trade a variety of exchange-traded funds in the form of CFDs.

Deriv Fees and Spreads

Quality brokers understand that traders want to invest with the lowest fees possible. This is because low fees allow traders to maximise their profits without incurring too much on expensive trading. Fortunately, Deriv understands this and offers traders some of the lowest to traders when trading. When trading forex, the spreads on this broker site are as low as 0.5 pips on major currency pairs with no commission required. 

Other assets on the broker site have similarly low spreads which is attractive to traders. Another fee that applies when trading on this broker is a swap fee charged on positions held overnight. The fee charged here depends on the asset being traded and the size of the position. Luckily, the swap-free MT5 account allows traders who cannot pay swap fees to trade without worry.

Deriv Demo Account and Education Section

A demo account is one of the most important tools for both experienced and beginner traders. For beginner traders, this tool is crucial for familiarising themselves with trading and a broker’s trading platform. On the other hand, experienced traders can use a demo account to test out new trading strategies before deploying them into the real market. Luckily, Deriv offers traders a demo account which is a non-expiring demo account to use at their disposal. Notably, this demo account comes with an unlimited amount of virtual funds, reducing the hassles of using such an account. 

Further, traders have access to educational material found in the Deriv Blog section. The material here covers various topics from the basics of trading to trending topics and market developments. The information found here can help new traders gain the knowledge they need to trade successfully in this complex market. It can also help seasoned traders learn new strategies and stay ahead of market development with timely analysis. The broker also has its own academy that traders can use as an additional educational resource.

General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Deriv Credibility

Before investing with any broker, traders should always check their credibility to ensure they can deliver quality services with no compromise. To check the credibility of a broker, we usually check the broker’s regulatory status and the online reviews of the customers who have used the broker’s services. Fortunately, Deriv has regulations from several organisations around the world. Specifically, the broker is under the regulation of the MFSA of Malta, the Labuan FSA, the BVIFSC of the British Virgin Islands, and the VFSC of Vanuatu, among others. While regulations alone are not enough, brokers with regulatory licenses from various institutions always stand out. Nonetheless, it would be much better for the broker if it obtained an operating license from a tier-one regulator like the CySEC, the FCA, or the ASIC, among other similar organisations.

On another note, this broker has a good review on Trustpilot after a staggering 46,000+ reviews. The broker enjoys a 4.5-star rating out of 5 stars on this review site. This is impressive, to say the least. It suggests that most investors who trade with this broker enjoy the services that it provides. 

Deriv’s Customer Support

Customer support is a vital tool for any company to ensure smooth service delivery. Every quality company must have a customer support system because clients always have issues that they need to resolve. Luckily, Deriv understands this and provides traders with various channels where they can get their questions answered and issues resolved. First, the platform provides a live chat option that is available to traders 24/7. 

Additionally, traders can contact Deriv’s staff via WhatsApp via a link provided by the broker. They can also ask the Deriv support community for help whenever they wish. Finally, the broker has a social media presence on a variety of platforms including Facebook, X, Instagram, and Telegram. These are also channels that traders can use to DM the support team for help.

Closing Remarks

Deriv emerges as a comprehensive and accessible brokerage option for traders worldwide. With 25 years of experience, it offers a diverse range of trading instruments, including CFDs, options, and more. Its multiple trading platforms cater to various trading styles and preferences, while low fees and spreads enhance the attractiveness of trading on its platform. The broker holds licenses from various institutions which shows its commitment to following the rule of law. Overall, Deriv stands out as a good choice for traders seeking a robust and user-friendly trading experience.

General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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