Overview of Deriv

There are two brokers named Deriv, which can cause confusion:

One company is registered in Malta and is commonly known as Deriv.com, with its company name: Binary.com. In 2013 Binary.com rebranded to Deriv. They are a legitimate online trading platform offering forex, commodities, cryptocurrencies, and more, with regulation from the Malta Financial Services Authority (MFSA) and other regulatory bodies.

The other company, also named Deriv (FX) Ltd, is suspected to be a clone or fake broker. There is limited information available about this company, and it is not clear whether they are regulated or offer legitimate trading services.

Is Deriv legit or a scam？

Please note that this Deriv is the trading name of Deriv (FX) Ltd, and this company is not regulated or authorized by any other regulatory authorities. More clearly, this broker is using another legit Deriv's url website to confuse people and it is a clone broker.

Trading with a cloned forex broker carries a high risk as these brokers are not authorized or regulated by any legitimate regulatory body. These cloned brokers often use the names, logos, and websites of established and reputable brokers to deceive traders into believing that they are dealing with a legitimate broker.

Cloned brokers often offer attractive trading conditions such as low spreads, high leverage, and bonuses to lure unsuspecting traders into depositing funds into their accounts. Once traders deposit their funds, they may find that it is impossible to withdraw their money or receive any support from the cloned broker.

Pros and Cons

Based on the available information, it has been reported that Deriv is a suspected clone broker, which means that it is not a legitimate or regulated financial entity. Therefore, it is highly recommended to avoid trading with this broker. It is important to trade with a regulated and reputable broker to ensure the safety of your funds and investments. In conclusion, as there are no pros to trading with an unregulated and potentially fraudulent broker, it is advisable to consider reputable alternatives.

Market Intruments

Deriv offers a wide range of market instruments for traders to trade on, including forex currency pairs, commodities, cryptocurrencies, indices, and synthetic indices. Forex currency pairs include major, minor, and exotic pairs, while commodities include precious metals, energies, and agricultural products. Traders can also trade on popular indices such as the S&P 500, FTSE 100, and Nikkei 225. Deriv also offers trading on popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. Additionally, traders can trade on synthetic indices, which are proprietary indices designed to simulate the behavior of real-world markets.

Account Types

Deriv offers different account types to cater to the varying needs and preferences of traders.

Synthetic Account: This account provides access to synthetic markets, which are artificial markets that simulate real-world market conditions. It requires a minimum deposit of $1 and offers leverage of up to 1:1000.

Financial account: Deriv also provides a financial account, which is specifically designed for trading on financial instruments. This account offers a higher leverage of up to 1:1000, allowing traders to maximize their trading potential. Additionally, traders can access a wide range of financial instruments, including stocks, bonds, and commodities.

Financial STP Account: This account is designed for traders who prefer to trade with Straight Through Processing (STP) execution. It requires a minimum deposit of $100 and provides access to over 50 tradable assets, including forex, commodities, and cryptocurrencies. The account also offers leverage of up to 1:100.

Demo Account

Deriv offers a demo account for traders who want to practice trading without risking real money. The demo account is a simulation of the live trading environment, and it comes with $10,000 in virtual funds that can be used to place trades in a risk-free setting. The demo account allows traders to test the trading platform, try out different trading strategies, and get a feel for the market conditions before investing real money. The demo account is available for all account types, including financial account. It is a great way for new traders to learn how to trade and for experienced traders to test out new strategies.

How to open an account？

1. Go to the Deriv website and click on “Create free demo account” or “Sign up for free” to create a demo or real account, respectively.

1. Fill in your personal information, such as your name, email address, and phone number.

2. Choose the account type that you want to open, such as a real or demo account.

3. Agree to the terms and conditions and submit your application.

4. Once your application is approved, you can fund your account and start trading.

Leverage

Leverage is a critical component of trading that allows traders to control more significant positions in the market with a smaller amount of capital. Deriv offers various leverage options for traders, depending on the type of account and trading instrument. For forex trading, the maximum leverage offered is up to 1:1000 for professional clients and 1:30 for retail clients. For commodities, indices, and cryptocurrencies, the maximum leverage offered is up to 1:200 for professional clients and 1:5 for retail clients.

It's essential to understand the risks involved with leverage trading and how to use it properly to avoid significant losses. Deriv provides education and resources for traders to understand leverage and its impact on trading. Traders can also adjust their leverage levels according to their risk appetite and trading strategies. It's crucial to note that high leverage comes with high risks, and traders should exercise caution when using leverage in their trading activities.

Spreads & Commissions (Trading Fees)

The exact spreads and commissions vary depending on the account type and trading instrument. Here's a brief overview of the spreads and commissions offered by Deriv:

For forex trading, the spreads start from 0.5 pips for major currency pairs such as EUR/USD, GBP/USD, and USD/JPY. The spreads for minor and exotic currency pairs are slightly higher, ranging from 1.0 to 3.0 pips.

For commodities, the spreads start from as low as 0.01 pips for Gold and 0.03 pips for Silver. For other commodities such as Crude Oil and Natural Gas, the spreads range from 0.3 to 3.0 pips.

For indices trading, the spreads start from as low as 0.5 pips for major indices such as the US 500 and Germany 30. For other indices, the spreads range from 1.0 to 3.0 pips.

Deriv charges a commission of $1 for forex trading and $0.50 for commodities and indices trading. However, the commission is only applicable to certain account types such as the Financial and Synthetic Indices account types.

Non-Trading Fees

Deriv does not charge any deposit or withdrawal fees. However, there are some non-trading fees that clients need to be aware of. For instance, an inactivity fee of $5 per month is charged on accounts that have been inactive for more than 12 months. There is also a fee of $10 for each returned deposit or withdrawal, and a $25 fee for withdrawals to international bank accounts. Moreover, clients may incur additional fees for using certain payment methods such as credit cards or e-wallets. It is recommended that clients thoroughly review the fee schedule provided by Deriv before opening an account.

Trading Platform

Deriv offers its clients a variety of trading platforms to choose from, each with its own unique features and advantages. The DTtrader platform is a browser-based platform that is user-friendly and easy to navigate, making it suitable for beginner traders. It offers a wide range of trading instruments, including forex, commodities, cryptocurrencies, and stocks. The platform also comes with a built-in economic calendar and technical analysis tools to help traders make informed trading decisions.

The Deriv platform is a comprehensive trading platform that is suitable for both beginner and experienced traders. It offers advanced charting tools, customizable layouts, and a wide range of technical indicators. The platform is available as a desktop, web, and mobile application, providing traders with access to the markets from anywhere in the world.

For traders who prefer automated trading strategies, Deriv offers the DBot platform. This platform allows traders to create and test their own trading bots using simple drag-and-drop tools. It also provides access to pre-built trading bots that have been developed by other traders.

Trading Tools

Deriv offers a range of trading tools to help traders analyze the markets and manage their trades effectively. Some of the trading tools available on the platform include:

• Swap calculator: This tool helps traders to calculate the swap fees incurred when holding positions overnight. It provides traders with the required swap rate and the amount of swap to be charged or credited to their accounts.

• Margin calculator: The margin calculator is used to calculate the required margin for opening a new position based on the instrument traded, leverage, and trade size.

• Pip calculator: This tool helps traders to calculate the value of a pip for a given currency pair, allowing them to estimate their potential profits or losses on a trade.

• PNL for margin: The Profit and Loss calculator for margin is used to calculate the profit or loss of a trade based on the margin used. It takes into account the instrument traded, leverage, and trade size to provide an accurate estimate of the potential profit or loss on a trade.

Deposit & Withdrawal

Deriv offers various deposit and withdrawal methods for its clients, including bank wire transfers, credit/debit cards, e-wallets, and cryptocurrencies. The available payment options may vary depending on the client's country of residence.

For deposits, clients can use bank wire transfers, credit/debit cards (Visa, Mastercard, Maestro), and e-wallets (Neteller, Skrill, FasaPay, Jeton, Perfect Money, and Qiwi). Deposits made via e-wallets and credit/debit cards are usually processed instantly, while bank wire transfers may take a few business days to reflect in the trading account.

For withdrawals, clients can use bank wire transfers, e-wallets (Neteller, Skrill, FasaPay, Jeton, Perfect Money, and Qiwi), and cryptocurrencies (Bitcoin, Ethereum, Tether, and Litecoin). Withdrawals made via e-wallets and cryptocurrencies are usually processed within a few hours, while bank wire transfers may take up to 7 business days to reflect in the client's account.

It's important to note that some payment methods may have fees associated with them, and the processing time may also vary depending on the payment method and the client's country of residence. Deriv does not charge any fees for deposits and withdrawals, but clients may be subject to fees charged by the payment provider or the intermediary bank.

Customer Support

Deriv offers customer support through multiple channels, including live chat, email, and phone support. The customer support team is available 24/7 to assist traders with any questions or issues they may have. Additionally, Deriv has an extensive FAQ section on its website, which covers a wide range of topics, including account registration, deposits and withdrawals, trading platforms, and more.

One of the advantages of Deriv's customer support is its multilingual support team. The customer support team can assist traders in multiple languages, including English, Spanish, French, Portuguese, Chinese, and more. This allows traders from around the world to communicate effectively with the support team.

Another benefit of Deriv's customer support is its responsiveness. The live chat support team is typically available within seconds, and email and phone support requests are usually addressed within a few hours. Overall, Deriv's customer support is highly rated by traders, and the broker is committed to providing exceptional customer service.

However, one potential downside of Deriv's customer support is that it does not offer support through social media channels. Some traders may prefer to communicate through social media, and the lack of this option could be seen as a limitation.

Educational Resources

Deriv offers various educational resources to help traders improve their knowledge and skills. Some of the educational resources offered by Deriv include:

• Trading guides: Deriv provides detailed trading guides that cover various topics such as forex trading, digital options trading, and contracts for difference (CFDs).

• Video tutorials: The broker also offers video tutorials on its website that cover a wide range of topics such as how to use the trading platforms, technical analysis, and trading strategies.

• Webinars: Deriv conducts regular webinars that cover a variety of topics related to trading. These webinars are conducted by experienced traders and are designed to provide traders with valuable insights and tips.

• Economic calendar: Deriv provides an economic calendar that displays important upcoming economic events and their impact on the financial markets.

• Trading contests: The broker also conducts trading contests that provide traders with an opportunity to test their skills and win prizes.

Conclusion

Based on the information available, Deriv (FX) Ltd is a suspected fake clone broker. It is important for traders to be cautious when dealing with such brokers and to thoroughly research and verify the legitimacy of a broker before opening an account or depositing funds. It is always recommended to choose a regulated broker with a good reputation in the industry to ensure the safety of your investments.

FAQs

• Q: Is Deriv a regulated broker？

A: No, this Deriv is the trading name of Deriv (FX) Ltd, which is not regulated by any regulatory authority.

• Q: What trading instruments does Deriv offer？

  A: Deriv offers a range of trading instruments, including forex, commodities, cryptocurrencies, stock indices, and synthetic indices.

• Q: What are synthetic indices on Deriv？

  A: Synthetic indices on Deriv are proprietary financial instruments that simulate real-world market movements using algorithms. They are available for trading 24/7, unlike regular market indices that have trading hours.

• Q: Does Deriv offer educational resources for traders？

  A: Yes, Deriv offers a range of educational resources such as video tutorials, trading guides, webinars, and market analysis to help traders improve their skills and knowledge.

• Q: Is customer support available on Deriv？

  A: Yes, Deriv offers customer support via live chat, email, and phone in multiple languages.

Overview of Yuanta

Yuanta Securities (Hong Kong) Company Limited (YSHK) is a financial powerhouse in Asia, operating as a wholly-owned subsidiary of Yuanta Financial Holdings Co. Ltd. Registered with the Securities and Futures Commission in Hong Kong, YSHK offers an array of regulated financial activities. As of 2016, Yuantas robust distribution network included 155 securities branches and 152 banking branches staffed by approximately 13,000 professionals.

These experts deliver a comprehensive suite of financial services to Yuanta's diverse client base. The firm's market presence is considerable; in 2016, it controlled 11% of the securities brokerage market and nearly 20% of the securities margin financing market.

Is Yuanta Legit or a Scam？

Given its longstanding history and comprehensive regulation, Yuanta Securities (Hong Kong) Company Limited appears to be a legitimate and reputable financial services provider. The company is registered with the Securities and Futures Commission and is a Participant of the Hong Kong Exchanges and Clearing Limited, further cementing its credibility. In a market where legitimacy is crucial for client trust, YSHKs regulatory affiliations make it a reliable option for retail and institutional investors alike.

Pros and Cons

Pros:

• Diverse Product Offering: Yuanta offers a wide range of financial services beyond just securities trading, including banking, insurance, and asset management.

• Regulated Entity: Being a licensed corporation, Yuanta operates under strict regulatory oversight, ensuring a high level of trust and security.

• Strong Market Presence: With a significant share in both the securities and financing markets, Yuanta is a dominant player in the industry.

Cons:

• Fee Structure: Depending on the products you engage with, the fees can be on the higher side.

• Complexity: With such a wide range of services and instruments, the platform might be overwhelming for beginner traders.

Market Instruments

Yuanta provides a broad spectrum of market instruments tailored to meet the diverse needs of its retail and institutional clients. Retail clients have access to a multitude of stock options spanning from Hong Kong (HK), Shanghai (SH), Shenzhen (SZ), Taiwan, the United States, and more. They can also engage in trading futures and options. For institutional clients, YSHK acts as an advisory, providing multiple avenues for investment. This makes Yuanta a one-stop-shop for multiple financial instruments, giving clients the ability to diversify their portfolios extensively.

Account Types

Yuanta Securities (Hong Kong) Company Limited, also known as YSHK, requires specific documents for opening both individual and corporate accounts.

For individual accounts, Hong Kong Permanent Residents must provide a certified true copy of their HKID card, while non-permanent residents or non-residents must provide a certified true copy of their valid ID card or passport. All individual account holders also must provide proof of their residential address issued within the last 3 months.

As for corporate accounts, companies need to provide documents including a certified true copy of their Certificate of Incorporation, Business Registration Certificate, Memorandum & Articles of Association, latest audited account or financial statements, Latest Register of Directors, Latest Register of Shareholders, and others.

How to Open an Account？

To open an account with Yuanta Securities (Hong Kong) Company Limited or YSHK, individuals and corporations have to provide respective documents.

Individual account applicants who are Hong Kong Permanent Residents must submit a certified true copy of their HKID card, while Non-Permanent Residents or Non-Residents need to provide a certified true copy of their valid ID Card or passport. All individual applicants need proof of residential address issued within the last 3 months. If these addresses are different from one another, proof for each address is required.

For corporate accounts, various documents are needed including copies of Certificate of Incorporation, Business Registration Certificate, Memorandum & Articles of Association, latest audited account or financial statements, Latest Register of Directors and of Shareholders, and more. Documents proving the identity and residential address of all substantial shareholders, ultimate beneficial owners, and authorized individuals are also required.

For companies incorporated overseas, a certified true copy of a certificate of incumbency is needed, and if the company has complex ownership structures, specific documents tracing the chain of ownership to the ultimate beneficial owners are also necessary.

Leverage

While the specifics regarding leverage can vary based on the market instrument and type of account, Yuanta typically offers leverage to enhance trading capabilities. However, it's crucial to understand that while leverage can amplify profits, it also increases the risk of losses. Yuanta, being a regulated entity, likely offers leverage within the constraints of financial regulations to ensure responsible trading. Always consult with the brokerage or a financial advisor to understand the implications of using leverage in your trading activities.

Spreads & Commissions

Yuanta has a transparent fee structure, which is crucial for traders calculating their potential costs and profits. For instance, for trading in Hong Kong stocks, the commission is set at 0.25% of the traded volume, with a minimum charge of 100 HKD, plus some additional fees. This clear fee structure allows both retail and institutional investors to make informed decisions about trading costs. Before committing, it's wise to compare these fees with other market offerings to determine their competitiveness.

Trading Platform

YSHK provides multiple trading platforms to suit various customer preferences and trading styles. These include eWinner for Windows and PC users, eWinner Plus for iOS and Android devices, and YSHK SP Trader also available across PC, iOS, and Android. These platforms are designed to provide real-time analytics, a wide range of trading tools, and a user-friendly interface. This array of options makes it easy for traders to manage their investments efficiently, whether they are in the office or on the go.

Deposit & Withdrawal

Depositing and withdrawing funds from your YSHK account is a straightforward process. Clients have the flexibility to fund their accounts through local banks, checks, and overseas transfers. This makes it convenient for both local and international clients to manage their funds. The multi-channel deposit and withdrawal options aim to provide a seamless customer experience, reinforcing YSHKs commitment to client satisfaction.

Customer Support

Customer support is a critical aspect of any financial service, and Yuanta Securities (Hong Kong) Company Limited appears to prioritize this. For English-speaking clients, Yuanta offers a dedicated contact number: +852 3555 7878. This hotline is likely staffed by skilled customer service representatives proficient in English, ready to address a wide array of customer concerns and queries.

In addition to the hotline, Yuanta also provides email support for more detailed or document-intensive inquiries. Clients can reach out to HK.Services.brk@yuanta.com for assistance. The availability of email support adds a layer of convenience, as customers can send in their questions or issues without the immediacy or time constraints of a phone call.

Brokers Comparison

Educational Resources

Yuanta Securities (Hong Kong) Company Limited, commonly referred to as YSHK, provides extensive educational resources as part of its Research & Commentary. These resources impart valuable insights in the industry, featuring a wide range of comprehensive market analysis, in-depth reports, and informative commentary from their expert research team. The materials are designed to assist clients in making well-informed investment decisions, provides traders and investors with key market trends, and keeps them updated about important developments in the financial landscape.

Conclusion

Yuanta Securities (Hong Kong) Company Limited is a well-regulated, diverse, and established financial service provider in Asia. With a broad range of market instruments, transparent fee structures, and versatile trading platforms, it caters to both retail and institutional clients effectively. However, always remember to carry out your due diligence and consult a financial advisor before making investment decisions.

FAQs

Q: What types of trading instruments does Yuanta offer？

A: Yuanta provides a diverse range of trading instruments, including HK stocks, SH Stocks, SZ stocks, Taiwan stocks, US stocks, China B stocks, Overseas stocks, Futures, and Options.

Q: Is Yuanta regulated by any financial authorities？

A: Yes, Yuanta Securities (Hong Kong) Company Limited is regulated by the Securities and Futures Commission of Hong Kong, ensuring a high level of compliance and security for traders.

Q: What platforms are available for trading with Yuanta？

A: Yuanta offers multiple trading platforms, including eWinner, eWinner Plus, and YSHK SP Trader, catering to traders on both desktop and mobile devices.

Q: How can I deposit or withdraw funds from my Yuanta account？

A: Yuanta offers multiple methods for deposit and withdrawal, including transactions through local banks, checks, and overseas transfers, providing flexibility for both local and international traders.

Q: What is the commission structure for trading Hong Kong stocks with Yuanta？

A: The commission for trading HK stocks is 0.25% of the traded volume with a minimum charge of 100 HKD, along with some additional fees.

Q: What types of accounts does Yuanta offer？

A: Yuanta provides both retail and institutional accounts, allowing for a broad spectrum of trading needs and investment strategies to be accommodated.