Deriv Review 2024

Last updated Feb 24, 2024
Логотип Deriv
4.3/5
№9 in the brokers' listTrading CFDs carries high risks. You may lose all invested funds
Nikolay Zavarov - Author
Nikolay Zavarov
Author
Andrey Bondarenko - Editor
Andrey Bondarenko
Editor
Deriv offers complex derivative instruments such as options and contracts for difference ("CFD"). These products may not suit all clients, and trading them involves risk. Please understand the following risks before selling derivative products: a) you may lose part or all of the money you invest in a contract, and b) if a contract is linked to currency conversion, exchange rates will affect profits and losses. Never trade with borrowed funds or money you cannot afford to lose.

Deriv is a binary options and Forex broker. The company emerged due to rebranding the Binary.com platform, one of the most popular venues for trading binary options. The name change was just the beginning: the broker introduced a new trading platform, convenient withdrawal methods, and other appealing features.

In this Deriv review, we will discuss the pros and cons of the broker, explore the platform's main features, and acquaint you with honest customer feedback.

Deriv Broker Overview

Foundation Year2020
Official Websitehttps://deriv.be
Regulated in CountriesMalaysia, British Virgin Islands, Vanuatu, Saint Vincent and the Grenadines, Jersey, MaltaMore Details
Minimum Deposit
  • 1 USD
Spreadfrom 0.5 points
Max Leverage1:4000
Trading Assets
  • Forex
  • Indices
  • Cryptocurrency
  • Stocks
  • ETF
  • Precious Metals
  • Energy Carriers
Trading Platforms
  • MetaTrader 5
  • Deriv X
  • cTrader
Email Support
  • support@deriv.com
Hotline Phones
Social Media

The trading platform Deriv was launched recently, at the beginning of 2020. However, the history of this broker dates back to 1999, when the Regent Markets Group was founded in Hong Kong. It offered clients exchange deals with fixed odds — later called binary options.

In 2001, the Regent Markets Group created the website BetOnMarkets.com. Under this brand, the broker developed until 2013, successfully conquering the European market. In 2007, BetOnMarkets was awarded by the British Shares Magazine as the "Best Fixed Odds Broker."

In 2013, the company was renamed Binary.com. It was under this brand that the platform gained popularity among traders. The name "Binary" appeared more frequently in forum discussions — often in a positive context. Over time, Binary.com became one of the most well-known binary options brokers.

In 2020, the creators of "Binary" introduced a new trading platform — Deriv. This was another rebranding: the owners moved away from direct associations with binary options to promote Forex and other financial trading instruments more effectively. The site binary.com is now redirecting to deriv.com, as all the team's efforts are focused on developing the Deriv broker.

Deriv Review Summary

We utilized our strictly scientific methodology to compile this review and evaluate the broker Deriv. This ensures the objectivity and reliability of our conclusions. We have reviewed all available information sources, including the broker's website, trading platforms, educational materials, trading conditions, and other essential aspects. We hope that our review will be helpful to you in choosing a broker for trading Forex. We invite you to continue reading to get a complete picture of Deriv.

Reliability and Regulation

Rating:4.2/5
Legal EntityRegulatorReview
Deriv EU review

Deriv holds several licenses from various regulators around the world. This indicates that the company must adhere to strict rules and regulatory standards in each jurisdiction, which lends a certain degree of reliability.

However, some of these regulators may be less stringent than others, and the fact that the company does not have licenses from some of the strictest regulators, such as the CFTC in the USA or the FCA in the UK, might be a cause for concern for some investors.

The Deriv broker is also registered with The Financial Commission, which is a positive factor. The Financial Commission is an independent international organization that handles dispute resolution within the financial services industry. This adds an extra layer of protection for clients, who can turn to The Financial Commission if they have any issues with the broker.

Account Opening

Rating:5/5

Deriv provides simplicity and speed in account opening, making the process accessible to all types of traders.

Registration

To create an account on Deriv, go to the broker's official website and click "Create free demo account." Subsequently, you can fund it with real money and start full-fledged trading.

How to open an account with Deriv broker
How to open an account with Deriv broker

To register using email, enter your email address, confirm your agreement with the rules with a tick, and click "Create demo account." Or sign in through your Google, Facebook, or Apple account.

Deriv.com registration form
Deriv.com registration form

If you choose to register by email, check your email: a link to complete the registration will be sent to the specified address. The email's subject line will mention verification, but don't let this confuse you: you need to click the button, after which the account will be activated.

Upon entering the personal area, Deriv will prompt you to set a password and choose your country of residence. The account is ready for use: you can trade on a demo or fund the balance with real money.

How to open a real account?

To switch to trading on a real account, click the "Deposit" button. The broker will offer to create a real account to fund it. Confirm the action by pressing the "Open" button.

Deriv Trader's Hub
Deriv Trader's Hub

Is verification required on Deriv?

No, it is not required: the client immediately gets access to trading without restrictions. However, the Deriv broker may request verifying documents on an individual basis. This is most often the case when working with bank transfers and cards.

Typically, for verification, they ask to send photos of the following documents:

  1. Passport — to confirm identity;

  2. Bank statement or utility bill — to confirm the address;

  3. Photo of the front side of the bank card — for withdrawal of funds.

Minimum deposit

Deriv offers flexibility regarding the minimum deposit, allowing clients to start trading without the broker's specific minimum deposit requirement. This makes the Deriv platform accessible to traders with any budget, including beginners and those who want to start trading with smaller amounts.

However, while Deriv itself does not set minimum deposit requirements, it must be noted that minimum transaction amounts from payment systems may apply. Depending on the chosen system, these amounts typically range from 5 to 10 US dollars. Therefore, it is recommended to familiarize yourself with the terms of the specific payment system before conducting transactions.

Account Types

Rating:4.5/5

Deriv offers a decent selection of trading accounts that can satisfy the needs of most traders.

However, the absence of some types of accounts may limit the platform's accessibility for specific traders. Specifically, the lack of fixed-spread accounts may disadvantage traders who prefer predictability in their trading strategies.

Trading Accounts

A key feature of Deriv is the wide variety of trading instruments.

Broker's clients have access to 3 types of trades:

  • CFDs;
  • Binary options (17 varieties);
  • Multipliers.

Let's look at the features of every kind of deal.

CFDs

A classic mode is available for all assets - currencies, indices, and metals. It's just like traditional exchange trading: open a trade, wait for the price to move in the right direction, and close the position for a profit. You can trade both the rise and fall of the asset. In this mode, Deriv acts as a standard Forex broker.

The term "margin trading" means that the platform provides the client with leverage, which increases the available capital several times over. Deriv allows trading with leverage up to 1:1000 - meaning you can enter into a transaction up to 1000 times more than the amount on your account. However, if the price goes in an unprofitable direction, the broker will automatically close the transaction when the margin call level is reached.

MT5 FinancialMT5 DerivedDeriv XDeriv cTrader
Account CurrencyUSD, EUR, GBP, AUD, BTC, ETH, LTC, USDT, USDCUSD, EUR, GBP, AUD
Minimum Deposit1 $
Trading PlatformsMetaTrader 5Deriv XcTrader
Spreadfloatingfrom 0.5 pipsfor EURUSD~ 0.5 pipsfloatingfrom 0.5 pipsfor EURUSD~ 0.5 pipsfloatingfrom 0.5 pipsfor EURUSD~ 0.5 pips
Commission per Trade
Trading AssetsForexIndicesCryptocurrencyStocksETFPrecious MetalsEnergy CarriersIndicesForexCryptocurrencyStocksETFIndicesPrecious MetalsEnergy Carriers
Opened Positions
Leverage1:5-1:10001:5-1:4000
Margin Call / Stop Out100% / 50%
Order ExecutionSTP
Demo Account
Islamic Account
RegisterRegisterRegisterRegister

One advantage of CFD trading on Deriv is that financial accounts allow trading both standard lots and micro-lots on the same account. This feature may benefit traders who wish to change smaller amounts or want to manage risk more precisely.

Binary Options

Deriv offers 17 types of binary options. The size of the reward is variable and depends on market conditions. The potential profit can only be known just before opening a trade. It's safe to say that the premium for a business rarely drops below 68-70%, and for long-term options, it usually exceeds 80%.

Binary Options on the DTrader platform
Binary Options on the DTrader platform

The expiration date of options can be set in two ways:

  • Set a specific date and time;
  • Choose the duration - in ticks, minutes, hours, or days.

A tick is the minimum price change on the chart, which usually occurs within 1-2 seconds or less. Deriv allows setting the option's expiration time from 5 to 10 ticks or from 1 minute to 365 days.

The platform offers 17 types of options, which significantly expands trading opportunities. You can bet that the price will stay within a specific range, touch the specified border, and end on an even or odd figure - in short, the choice of situations is enormous. A comprehensive guide to the types of options on Deriv is available on the broker's official website.

Binary Options Guide at Deriv.com
Binary Options Guide at Deriv.com

Multipliers

Deriv multipliers combine margin trading and binary options in one tool. At least, that's how the broker positions them. In practice, we only deal with ordinary margin trading in a simplified form.

The multiplier works according to the following scheme:

  • The client chooses the direction of the trade, the stake, and the leverage. If desired, you can set stop-loss and take-profit levels like in regular Forex trading.
  • If the price goes in the predicted direction, the profit increases. If the market goes against you, the maximum loss will be limited to the size of the stake.

For example, if we open a trade to buy EUR/USD, the stake is $1, leverage x100. If the euro rate increases by 1%, we get a 100% profit ($1), as the price change is multiplied by the leverage. But if the euro falls by 1%, the losses will also be 100%, and the trade will close with a loss of $1.

A commission is charged for each position, calculated from the total amount of the transaction. Return to our example with a $1 bet and x100 leverage. In this case, Deriv will take a commission of 0.02% of the entire amount, i.e.:

$1 * 100 * 0.02% = $0.02

The size of the commission is variable, but in most cases, it is measured in hundredths of a percent.

Demo Account

Deriv offers the opportunity to trade on a demo account, providing traders with a safe environment to practice and explore trading platforms and instruments. The Deriv demo account is perfect for those just starting in the trading world and experienced traders who want to test new strategies without risk.

The demo account is provided with virtual capital of $10,000, allowing traders to trade with sufficient funds to simulate an actual trading situation. This allows a realistic idea of how various strategies and instruments might work under market conditions.

One of the key benefits of the Deriv demo account is that there is no time limit. You can practice and explore the platform as much as you need before moving on to trading on a real account.

Islamic Account

Deriv respects the various faiths of its clients and offers Islamic accounts for those traders who follow Sharia principles and want to trade without swaps. These accounts are also known as swap-free or "Halal" accounts.

Swap-free accounts are ideally suited for Muslim traders, as operations with riba are prohibited in Islam. On Deriv's Islamic account, swaps or overnight payments on open positions are not charged, even if the trades remain available the next day.

The trading conditions on Deriv's Islamic accounts are similar to those on standard trading accounts. Traders can trade various financial instruments, including synthetic assets, Forex, stocks, stock indices, cryptocurrencies, and ETFs.

Opening an Islamic account is possible directly from the personal area on the Deriv platform. It's a simple and fast process allowing Muslim traders to trade based on their religious beliefs.

Trading Signals

The MT5 trading signals service is an additional feature that allows you to copy trades from experienced traders. Subscribing to signals simplifies trading, saves time, and minimizes risks. After subscribing to a signal, the provider's trades are automatically copied to the client's Deriv MT5 trading account.

The advantages of this service include the absence of hidden commissions or fees and the availability of a complete report on the results of each provider.

Commissions

Rating:4.3/5

Deriv has provided its clients with transparent and understandable trading conditions. The main fees can be divided into two categories: trading fees and account inactivity fees.

Despite Deriv's spreads being below the market average, the high swap rate and inactivity fees can increase the overall costs for traders.

Trading Fees

Deriv's trading fees include spreads and swaps. It is important to note that the broker does not charge any fees for depositing or withdrawing funds, making it attractive for many traders.

Spreads and Swaps

The spreads and swaps on Financial accounts at Deriv are below the market average. This means that traders are offered the opportunity to buy and sell currency at lower costs.

Below is a table of spreads and swaps for the major currency pairs.

AssetAverage spreadSwap longSwap short
AUDUSD0.6 pips-3.42 pips1.35 pips
EURUSD0.5 pips-6.47 pips3.33 pips
GBPUSD0.9 pips-2.32 pips-1.38 pips
NZDUSD0.8 pips0.00 pips0.00 pips
USDCAD1.0 pips-0.28 pips-3.78 pips
USDCHF0.9 pips7.66 pips-10.50 pips
USDJPY0.9 pips20.91 pips-25.37 pips

Inactivity Fee

An important aspect to consider is the account inactivity fee on Deriv.

Suppose your account has not conducted any transactions for more than twelve months. In that case, it will be considered inactive, and you may be charged an inactivity fee of up to 25 USD/EUR/AUD/GBP or the equivalent in any other currency.

If your account has been blocked or suspended and you have not conducted any transactions for twelve months or more, Deriv reserves the right to confiscate the funds in your account.

If your account has been inactive for 30 days with a balance of 1 USD/AUD/EUR/GBP or less, the funds in your account will also be confiscated.

Deposit and Withdrawal

Rating:5/5

Deriv does not charge a commission for depositing or withdrawing funds. Minor losses are only possible when converting currencies. Your bank or payment system sets the exchange rate.

Deposit requests are processed instantly. Withdrawal of funds takes 1 business day.

Deposit Methods

Payment SystemCurrenciesDeposit FeeOperation Limit
FasaPayFasaPay
USD
from 5 to 10000 USD
Perfect MoneyPerfect Money
USDEUR
from 5 to 10000 USDfrom 5 to 10000 EUR
SkrillSkrill
USDEURGBP
from 10 to 10000 USDfrom 10 to 10000 EURfrom 10 to 10000 AUD
NetellerNeteller
USDEURGBP
from 10 to 10000 USDfrom 10 to 10000 EURfrom 10 to 10000 AUD
WebMoneyWebMoney
USDEUR
from 5 to 3000 USDfrom 5 to 3000 EUR
PaySafeCardPaySafeCard
USDEURGBP
from 5 to 1000 USDfrom 5 to 1000 AUDfrom 5 to 10000 EUR
JetonJeton
USDEURGBP
from 5 to 1000 USDfrom 5 to 1000 EURfrom 5 to 1000 AUD
SticPaySticPay
USDEURGBP
from 5 to 10000 USDfrom 5 to 10000 EURfrom 5 to 10000 GBP
AirtmAirtm
USD
from 5 to 2500 USD
BoletoBoleto
USD
from 10 to 500 USD
PaylivrePaylivre
USD
from 5 to 4000 USD
OnlineNairaOnlineNaira
USD
from 10 to 1000 USD
BeyonicBeyonic
UGXTZS
from 5 to 1000 UGXfrom 5 to 1000 TZS
AstroPayAstroPay
USD
from 5 to 2500 USD
1foryou1foryou
USD
from 10 to 1000 USD
AdvCashAdvCash
USD
from 5 to 1000 USD
SwiftSwift
USD
from 5 to 50000 USD
VisaVisa
USDEURGBP
from 10 to 10000 USDfrom 10 to 10000 EURfrom 10 to 10000 AUD
MastercardMastercard
USDEURGBP
from 10 to 10000 USDfrom 10 to 10000 EURfrom 10 to 10000 AUD
MaestroMaestro
USDEURGBP
from 10 to 10000 USDfrom 10 to 10000 EURfrom 10 to 10000 AUD
Diners ClubDiners Club
USDEURGBP
from 10 to 10000 USDfrom 10 to 10000 EURfrom 10 to 10000 AUD
JCBJCB
USD
from 10 to 10000 USD
PayTrust88PayTrust88
USD
from 10 to 17000 USD
Help2payHelp2pay
USD
from 15 to 10000 USD
DragonPhoenixDragonPhoenix
USD
from 10 to 10000 USD
ZingPayZingPay
USDEURGBP
from 10 to 500 USDfrom 10 to 500 EURfrom 10 to 500 AUD
Ngan LuongNgan Luong
USD
from 10 to 2500 USD
TrustlyTrustly
USDEURGBP
from 10 to 100 USDfrom 10 to 100 EURfrom 10 to 100 GBP
CryptocurrencyBlockchainDeposit FeeOperation Limit
Логотип BitcoinBTC (Bitcoin)BTC
0%
Логотип EthereumETH (Ethereum)ERC20
0%
Логотип LitecoinLTC (Litecoin)LTC
0%
Логотип USD CoinUSDC (USD Coin)BEP20
0%
Логотип USD CoinUSDC (USD Coin)Polygon
0%
Логотип USD CoinUSDC (USD Coin)TRC20
0%
Логотип USD CoinUSDC (USD Coin)ERC20
0%
Логотип TetherUSDT (Tether)Omni
0%
Логотип TetherUSDT (Tether)ERC20
0%

Withdrawal Methods

The following methods are available for withdrawal:

Payment SystemCurrenciesWithdrawal FeeOperation Limit
OnlineNairaOnlineNaira
USD
0%
from 10 to 10000 USD
FasaPayFasaPay
USD
0.5%
from 5 to 10000 USD
AirtmAirtm
USD
0%
from 5 to 2500 USD
PaylivrePaylivre
USD
1.5%
from 5 to 10000 USD
AstroPayAstroPay
USD
0.5%
from 5 to 2500 USD
PaySafeCardPaySafeCard
USDEURGBP
0%
from 5 to 750 USDfrom 5 to 750 EURfrom 5 to 750 AUD
JetonJeton
USDEURGBP
2%
from 5 to 1000 USDfrom 5 to 1000 EURfrom 5 to 1000 AUD
Perfect MoneyPerfect Money
USDEUR
0.5%
from 5 to 10000 USDfrom 5 to 10000 EUR
BeyonicBeyonic
UGXTZS
3%
from 5 to 1000 UGXfrom 5 to 1000 TZS
SticPaySticPay
USDEURGBP
2.5%
from 5 to 1000 USDfrom 5 to 1000 EURfrom 5 to 1000 GBP
NetellerNeteller
USDEURGBP
0%
from 5 to 10000 USDfrom 5 to 10000 EURfrom 5 to 10000 AUD
WebMoneyWebMoney
USDEUR
0.8%
from 5 to 5000 USDfrom 5 to 5000 EUR
SkrillSkrill
USDEURGBP
2.99%
from 10 to 10000 USDfrom 10 to 10000 EURfrom 10 to 10000 AUD
SwiftSwift
USD
0%
from 5 to 50000 USD
MastercardMastercard
USDEURGBP
2.64%
from 10 to 10000 USDfrom 10 to 10000 EURfrom 10 to 10000 AUD
VisaVisa
USDEURGBP
2.54%
from 10 to 10000 USDfrom 10 to 10000 EURfrom 10 to 10000 AUD
Diners ClubDiners Club
USDEURGBP
3%
from 10 to 10000 USDfrom 10 to 10000 EURfrom 10 to 10000 AUD
JCBJCB
USD
0.18%
from 10 to 10000 USD
MaestroMaestro
USDEURGBP
1.5%
from 10 to 10000 USDfrom 10 to 10000 EURfrom 10 to 10000 AUD
Ngan LuongNgan Luong
USD
1%
from 10 to 2500 USD
ZingPayZingPay
USDEURGBP
0%
from 10 to 6000 USDfrom 10 to 6000 EURfrom 10 to 6000 AUD
CryptocurrencyBlockchainWithdrawal FeeOperation Limit
Логотип BitcoinBTC (Bitcoin)BTC
0%
from 0.0022 BTC
Логотип EthereumETH (Ethereum)ERC20
0%
from 0.013 ETH
Логотип LitecoinLTC (Litecoin)LTC
0%
from 0.085 LTC
Логотип USD CoinUSDC (USD Coin)BEP20
0%
from 25 USDC
Логотип USD CoinUSDC (USD Coin)Polygon
0%
from 25 USDC
Логотип USD CoinUSDC (USD Coin)TRC20
0%
from 25 USDC
Логотип USD CoinUSDC (USD Coin)ERC20
0%
from 25 USDC
Логотип TetherUSDT (Tether)Omni
0%
from 25 USDT
Логотип TetherUSDT (Tether)ERC20
0%
from 25 USDT

Markets and Products

Rating:3.8/5

Despite the wide selection of markets, some essential asset classes, such as bonds and soft commodities, are not represented on Deriv. In addition, there is a relatively small number of stocks CFDs compared to competitors.

What markets are available?

Deriv offers several categories of assets for trading:

BrokerIC MarketsDerivPepperstone
Forex615797
Precious Metals71120
Energy Carriers524
Agricultural Commodities816
Indices256326
Stocks217557986
ETF3831108
Bonds10
Cryptocurrency213130

Currency Pairs

Currencies on Deriv are divided into 4 classes:

  1. Majors,
  2. Minors,
  3. Exotics,
  4. Micro pairs.

There are 57 currency pairs available for trading, 19 of which are micro (for trading with micro lots).

These pairs are fully available only for margin trading on Forex. Binary options limit the choice to major and minor currencies, and only major pairs are available for multipliers.

Synthetic Indices (Derived indices)

A synthetic index is a pseudo-asset, the price of which is generated randomly. This instrument is often found with binary options brokers who strive to provide clients with trading anytime or night, regardless of the exchange's trading schedule. A synthetic index's quotes result from a random number generator.

Synthetic indices on Deriv are divided into several categories:

  • Volatility Indices. Mimic the fluctuations of regular stock indices.
  • Crash/Boom. For example, rise or fall with a strictly defined periodicity every 500 ticks.
  • Step. Indices with a fixed fluctuation size of 0.1 points.
  • Range Break. In such indices, the price always moves within a specific range.

Only volatility indices are available for options and multipliers, while the margin trading section presents the complete list. It should be noted that predicting the behavior of such instruments is inherently impossible, so synthetic indices are more of a game than trading.

Margin Requirements

The maximum leverage depends on the market and the product. Let's consider the maximum leverage relative to the market.

Trading InstrumentMax. Leverage for Retail Traders
Forex
1:1000
Precious Metals
1:500
Energy Carriers
1:50
Indices
1:100
Stocks
1:50
ETF
1:5
Cryptocurrency
1:100

Trading Platforms

Rating:5/5

Deriv broker offers several trading platforms and a bot builder DBot. Many of these tools have been transferred from Binary.com and are almost unchanged. The critical difference between Deriv and "Binary" is the web application DTrader for margin trading, options, and multipliers. Let's examine the capabilities of each Deriv trading platform.

SmartTrader

Available instruments: Options.

SmartTrader is a platform for trading binary options, most user-friendly for beginners. It does not require installation and runs directly in the browser.

Visually, the SmartTrader terminal window is divided into two parts:

  1. Trade parameter settings. Here, you can select the trading instrument and option type, set the expiration time, enter the stake, and press the "Purchase" button.
  2. The "Chart" and "Explanation" tabs. The latter option is handy for beginners. If you select the "Explanation" tab, a detailed guide to working with the option will open — and with the exact type of option set in the trade parameters.

For most beginners, SmartTrader will be the best choice. But if you already feel like a fish in the water when trading binary options, you might want to use a more severe tool like DTrader.

SmartTrader platform
SmartTrader platform

Deriv Trader (DTrader)

Available instruments: Options, multipliers.

Deriv Trader (DTrader) is the proprietary trading platform of broker Deriv. It resembles the WebTrader from "Binary," but the application interface has been seriously revamped. However, the platform still operates in the browser and does not require installation on a PC.

DTrader is similar to popular exchange terminals. It features candlestick and line charts, technical analysis indicators, as well as figures and patterns for drawing. For synthetic indices trades, it is possible to set stop loss and take profit levels.

Overall, Deriv Trader is a highly successful platform for trading binary options: it is easy to learn but does not suffer from excessive simplification.

DTrader platform
DTrader platform

MetaTrader 5 (DMT5)

Available instruments: Margin trading.

MetaTrader 5 is a classic terminal for Forex trading. The broker proudly calls it DMT5, but it is the usual MT5 with all its pros and cons. However, customers have no choice: margin trading on Deriv is available only through MetaTrader.

The DMT5 program from Deriv is available on PCs with Windows and Linux and a mobile application.

MetaTrader 5
MetaTrader 5

Deriv X

Available instruments: Margin trading.

Deriv X is an innovative trading platform from Deriv that focuses on more than a hundred different assets. This platform allows users to customize their trading environment to their preferences and style.

One of the critical benefits of Deriv X is the ability to trade various assets across many markets simultaneously, providing maximum flexibility and a wide range of choices for traders. The platform supports 24/7 trading, allowing traders to trade cryptocurrencies and synthetic assets anytime, even on weekends and holidays.

Deriv X also allows users to customize their trading environment to their liking. Traders can drag and drop widgets, create layouts, and get information when needed. In addition, the platform offers intuitive tools for monitoring trading progress, analyzing past trades, and creating custom watch lists.

Particular attention should be paid to the multifunctional charts of Deriv X, which include various chart types, over 90 technical indicators, and 13 drawing tools. This allows traders to conduct deep technical analysis and fine-tune their trading strategies.

Deriv X
Deriv X

cTrader

Available instruments: Margin trading.

cTrader is an advanced trading platform that has earned a reputation among professional traders for its high-speed trade execution and direct market access (DMA). This platform is ideal for those looking for in-depth and accurate market analysis and those who wish to trade with minimal delays.

cTrader features a user-friendly interface where every element can be customized to meet the individual requirements and preferences of the user. Thanks to advanced algorithms and real-time data updates, traders can instantly respond to market changes.

One of the strong points of cTrader is its analytical functionality. The platform is equipped with a complete set of tools for conducting fundamental and technical analysis, including detailed charts, over 50 pre-installed indicators, and the ability to create custom indicators.

Furthermore, cTrader is equipped with powerful risk management tools, including various types of orders and exit strategies, which provide users with better control over their trading operations and capital. The speed of order execution and the pricing transparency make cTrader an indispensable tool for those aiming for maximum efficiency and effectiveness in trading.

Deriv cTrader
Deriv cTrader

DBot — Bot Builder

Available instruments: Options.

The DBot platform allows for the creation of trading bots without using code. The bot's algorithm is assembled from individual blocks in a visual constructor. The term "constructor" should not be misleading: DBot is not a toy but a serious tool with fine settings.

If desired, you can create a complex trading robot that considers indicator data, works with mathematical functions, and issues alerts about its actions.

DBot does not require installation and works in the browser. Trades are made in the same window where the trading robot is constructed: at any moment, the algorithm can be stopped, edited, and restarted.

DBot — Bot Builder
DBot — Bot Builder

Deriv GO Mobile Application

Deriv GO is a mobile application from Deriv, specifically designed for traders who lead an active lifestyle and trade on various markets, including Forex, cryptocurrencies, and Derived indices.

The main advantage of Deriv GO is the ability to trade around the clock. Traders can trade cryptocurrencies and synthetic assets at any time of the day and Forex during market hours.

Deriv EZ platform in the Deriv GO mobile app
Deriv EZ platform in the Deriv GO mobile app

The application has a user-friendly and intuitive interface, including easy-to-use charts and a pleasant dark theme. Thanks to quick access to their contracts, traders can trade anywhere and anytime.

Account management in the Deriv GO app
Account management in the Deriv GO app

One of the most attractive aspects of Deriv GO is multipliers, which can increase potential profits by up to 1000 times without risking more than the stake. This makes trading on Deriv GO particularly attractive to experienced traders who want to maximize their profit.

The application also offers a wide range of risk management options. Traders can customize their contracts according to their comfort level with risk, using stop-loss orders, take-profit orders, and deal cancellation options.

Deriv Broker API

The API allows developers to create software solutions for the broker. The interface essentially replicates the functionality of the Binary Websockets API, so old applications for "Binary" will work with minimal changes.

Deriv API allows you to program almost any operation:

  • Trading contracts;
  • Reading trade history;
  • Withdrawal of funds;
  • Reading and editing account information.

Before starting, you need to generate an API key for account access. This can be done in the client area on the API token tab.

Deriv API
Deriv API

Analytics

Rating:3.5/5

Despite the valuable tools from Deriv that can aid in risk management and trading process optimization, the lack of proprietary analytics and news updates can significantly reduce traders' effectiveness, especially in a rapidly changing market.

Trader's Tools

Essential tools include various calculators.

The margin calculator estimates the margin required to maintain positions based on leverage, lot size, and account balance.

Deriv margin calculator
Deriv margin calculator

The swap calculator helps calculate the commission for carrying over open positions, which can be positive or negative.

With the pip calculator, you can determine the cost of pips in contracts.

Also available are tools for assessing stop loss and take profit levels and the cost of a pip for different types of contracts (margin, with multipliers).

Deriv Blog

The Deriv Blog offers comprehensive analytical materials catering to diverse trading interests. Focusing on forex, stocks, cryptocurrencies, and commodities, it provides traders with expert market insights and analysis. The blog is invaluable for those looking to deepen their understanding of market trends and develop informed trading strategies. Its blend of expert commentary and analysis equips traders with the knowledge needed to navigate the complexities of the financial markets effectively.

Deriv Blog
Deriv Blog

Education

Rating:2.5/5

The Deriv blog features helpful and substantial articles that can help traders improve their trading skills. However, the lack of various educational material formats, such as webinars, video tutorials, seminars, or courses, coupled with infrequent updates, makes the broker’s educational section less attractive for those seeking continuously updated, current, and detailed information for their learning.

Blog

In the Deriv blog, you can find articles on various topics, from the basics of trading to complex strategies and in-depth market analysis.

Blog articles cover many vital topics, including various markets (such as Forex, stocks and indices, cryptocurrencies, and commodities), trading platforms, types of trades, market reports, strategies and tips, and payment methods.

Deriv Blog
Deriv Blog

The articles provide detailed advice and guides that help traders improve their trading skills and market understanding.

Customer Support

Rating:4/5

Deriv offers a wide range of communication channels, allowing clients to choose the most convenient option for themselves. Fast and high-quality support is an essential factor for successful market operations.

However, there are drawbacks - the website does not provide technical support during working hours. Also, some clients have complained about the support service.

How to contact support?

Several communication channels are available for interacting with Deriv support:

To write in the online chat, scroll down to the help page and press the "Chat" button.

Additionally, you can seek help on the Deriv forum at community.deriv.com. This is the official community where users share observations, problems, and solutions. Representatives of the broker sometimes respond in the threads as well.

Deriv Pros and Cons

Advantages

  1. Relatively reliable with licenses from various global regulators.
  2. Simple and fast account opening process.
  3. A wide variety of account types cater to different trading needs.
  4. Low commission structure.
  5. A wide range of trading platforms is suitable for traders of different levels.
  6. High-quality technical support with fast and effective responses.

Disadvantages

  1. Some essential asset classes are absent, and a limited number of CFDs on stocks exist.
  2. Educational materials are confined to a blog and lack comprehensive learning resources.

Conclusion

Deriv is an appealing choice for a wide array of traders, particularly those who are just beginning or are at an intermediate level. Its user-friendly approach, diverse platforms, and low-cost structure make it ideal for individuals seeking a straightforward trading experience. While it may not fully satisfy the needs of highly advanced traders due to some limitations in educational and analytical resources, Deriv's overall offering is solid, making it a reliable and accessible broker for most trading requirements.

Visit DerivTrading CFDs carries high risks. You may lose all invested funds
Nikolay Zavarov - Author
Nikolay ZavarovAuthor

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.

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