Deriv Broker Review: Forex Trading.
Deriv is a regulated and licensed broker with over 20 years of experience. It is the only broker that offers synthetic indices.
Year Founded 1999.
Countries not accepted for trade Canada, France, Hong Kong, Israel,Malaysia, Malta, Paraguay, UAE, USA,
Min Deposit: $5.
Max Leverage: 1000.
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Along with the latest MT5 trading platform, Deriv also offers a web-based trading platform named DTrader, an automated trading system called DBot, and an in-house tool SmartTrader to enhance the user experience.
Deriv.com may be suitable for both types of traders, those who prefer to base their trades upon technical analysis as well as those who wish to use automatic trading robots for their trades.
Is Deriv safe or a scam.
Deriv.com is a trustworthy broker that’s regulated in multiple jurisdictions. After checking their claims and confirming them to be true, we can say that this broker is licensed in multiple regions.
Besides that, Customers can benefit from negative balance protection, so traders never lose more than the funds in their account. They will adjust the balance to zero, at no cost to you. Note, the amount covered under financial services compensation schemes varies between regulators and jurisdictions.
Accounts.
Deriv has three live account types. Each account offers different kinds of trading, that range from binaries to CFDs.
Financial account (Standard) Financial STP account Synthetic account.
It also offers the option to open a free demo account.
Standard Account.
The Financial accoun t (Standard) offers both new and experienced traders the ability to trade commodities, cryptocurrencies, major (standard and micro-lots), and minor currency pairs with high leverage. With this account, traders have high leverage, and variable spreads for maximum flexibility.
Leverage 1: 1000.
Margin Call 100%
The Financial STP account allows you to trade major, minor, and exotic currency pairs with tight spreads and higher trade volumes. It is a 100% A Book account where traders’ trades are passed straight through to the market. This gives traders direct access to forex liquidity providers.
Leverage 1: 1000.
Margin Call 100%
Number of assets 150+
The Synthetic account is available for trading 24 hours a day and 7 days a week. This account is audited for fairness by an independent third party and allows traders to trade contracts for difference (CFDs) on synthetic indices.
Leverage 1: 1000.
Margin Call 100%
Minimum Deposits $5.
Deriv Demo Account.
Deriv offers traders the option of opening a Demo Account which can be utilized in many ways, With Deriv signing up for a demo account is easy and hassle-free and can be done within a few minutes directly from the homepage of the broker.
You can get this free demo on any type of platform Deriv offers and is easy to access. The demo account requires only your email and you will be directed right away to the demo account. This demo account has $10,000 virtual funds with it.
How to open a Demo account at Deriv.
It is very easy and fast to create an account with Deriv. All you need is a working email that is active and can register right away. If you have a Binary.com account, you can use your Binary.com account credentials as well in order to log in with Deriv. Traders will be redirected to a page where they will be asked to provide an email address so to open a live account . Next, they must agree to the terms and conditions of Deriv.
Below i will show you how to open a demo account.
a) You will see a box like this.
b) Confirm your email by opening it and clicking the link sent by Deriv.
c) If you don’t find the email check your Junk/Spam folder.
Is Deriv A Regulated Broker?
Yes, Deriv is a legit forex trading broker It is a fully regulated and transparent broker with high operational standards, low trading fees, superior service delivery, and helping investors reach their objectives.
Broker regulation is important because it shows that the broker adheres to strict operational guidelines that ensure that it does not scam its clients. The broker is registered in Europe to Binary Investments (Europe) Ltd., with an office in Malta.
It is also licensed and regulated as a Category 3 Investment Services provider by the Malta Financial Services Authority, with the license number IS/70156. In Asia, the broker is registered to Binary (FX) Ltd., with an office in the Federal Territory of Labuan, Malaysia.
Deriv is also licensed and regulated by the Labuan Financial Services Authority, with license number MB/18/0024. In Vanuatu, the broker is registered to Binary (V) Ltd. and is licensed and regulated by the Vanuatu Financial Services Commission, with license number 14556.
Regulation helps to determine if a broker like Deriv is legit or if it is a scam. In this case, the broker is registered in three different countries and this helps make Deriv a trusted and legit broker.
Deriv broker Review: Which Trading Platforms Are Available On Deriv.com?
This Deriv broker review found that a number of trading platforms are available on Deriv.com. These are DMT5, DTrader, Deriv X, Deriv Go & DBot.
DMT5.
Integrating MT5 and the related analysis and research tools, the platform is easy to use but feature-rich. It presents a great combination for CFD traders at all levels.
It is fully configurable, meaning traders can set up charts or trade areas as they wish. Multiple trade windows can be open at once, or specific windows can be detached and moved around as required.
Asset lists are easy to find and navigate – the platform boasts over 70 assets and this list is growing all the time.
Flexible leverage up to 1:1000 is also available. Additionally, a range of trade sizes are available, from micro-lots up to 30 standard lots.
Deriv Go.
Deriv GO is Deriv’s mobile app that’s optimised for on-the-go trading. With this platform, you can trade synthetic indices with multipliers where you can take advantage of risk management features such as stop loss, take profit, and deal cancellation to better manage your trade.
You can download Deriv GO from the Google play store, Apple app store, and Huawei app gallery.
Conclusion.
Deriv is a legit forex trading company and is a fully regulated and transparent broker with high operational standards, low trading fees, superior service delivery, and helping investors reach their objectives. It caters to all types of traders with different levels of experience.
Traders can choose between several platforms to suit individual trading styles and objectives. The added advantage is this is a reputable company that is strictly regulated within many jurisdictions.
Open a Deriv Account by clicking here.