Overview of Deriv
Deriv Limited, based in Malta and operational for 1-2 years, offers an online trading platform for various financial instruments. The company provides three account types: Synthetic, Financial, and Free demo, catering to different trading needs. While regulatory claims are present, caution is advised due to potential concerns about their authenticity.
Deriv's trading instruments encompass Forex, Derived Indices, Stocks & Indices, Cryptocurrencies, and Commodities. Bid and ask prices, spread information, and daily percentage changes are provided for each instrument. The platform offers leverage of up to 1:4000, and traders can select from a range of trading platforms including Deriv MT5, Deriv Trader, Deriv X, Deriv GO (mobile), Deriv EZ, Deriv Bot, SmartTrader, and Binary Bot.
Educational tools such as margin, swap, pip, PnL margin, and PnL multipliers calculators assist traders in decision-making. Deriv's global customer support network, with offices in various regions, ensures traders can access assistance. While regulatory claims should be approached with caution, Deriv offers a diverse array of trading tools and platforms for traders to engage with different financial instruments.
Pros and Cons
Deriv presents a diverse array of pros and cons. On the positive side, it offers a wide spectrum of trading instruments and account types, including Synthetic, Financial, and Free demo accounts. The platform provides significant leverage of up to 1:4000, potentially enhancing gains. Additionally, it maintains minimal spreads across various instruments and accommodates low minimum deposit and withdrawal amounts. Deriv accepts various payment methods, although processing times can differ. The platform also offers a range of trading platforms, each catering to different preferences, and includes tools for margin, swap, pip, and PnL calculations. On the downside, there are suspicions about the legitimacy of its regulatory claims, and limited information is available about the features of different accounts. Moreover, the high leverage it offers can magnify losses, and spreads might widen during periods of high volatility. While Deriv's global presence ensures accessible support, it's important to weigh these factors carefully before engaging with the platform.
Deriv Is Legit？
It appears that Deriv (FX) Ltd, the licensed institution, is being claimed to be regulated by the Labuan Financial Services Authority in Malaysia (license number: MB/18/0024), and by the British Virgin Islands Financial Services Commission (license number: SIBA/L/18/1114). However, there are suspicions that these regulatory claims might be cloned or invalid. It's crucial to exercise caution and be aware of the potential risks associated with this broker, as the provided information lacks verified regulation and documentation. Additionally, there are indications that the broker might not have a trading software in place. Stay vigilant before engaging with such entities.
Market Instruments
Forex: Deriv offers various Forex trading instruments, allowing users to engage in currency pairs like AUD/USD, EUR/USD, GBP/JPY, GBP/USD, and USD/CAD. Each instrument showcases bid and ask prices, as well as the spread between them. The provided daily percentage change indicates the fluctuations in value for these pairs.
Derived Indices: The platform provides derived indices such as Crash 1000 Index, EUR/USD DFX 10 Index, Jump 50 Index, Range Break 200 Index, and Volatility 75 Index. These indices are presented with bid and ask prices, indicating their current value, along with the spread between them. The daily percentage change represents the index's performance over a given period.
Stocks & Indices: Deriv covers stocks and indices, offering trading opportunities on entities like Apple (AAPL), Walt Disney Co (DIS), Tesla (TSLA), Wall Street 30, and US Tech 100. Bid and ask prices, as well as the spread, are specified for each instrument. The daily percentage change denotes the price fluctuations experienced by these stocks and indices.
Cryptocurrencies: The platform includes popular cryptocurrencies like ADA/USD, BTC/USD, DOG/USD, DSH/USD, and ETH/USD. Bid and ask prices, along with the spread, are provided for each cryptocurrency pair. The daily percentage change reflects the price changes observed in these cryptocurrencies.
Commodities: Deriv also offers trading in commodities like West Texas Intermediate, Silver/USD, Gold/USD, Copper/USD, and Palladium/USD. Bid and ask prices, along with the spread, are displayed for each commodity. The daily percentage change indicates the price fluctuations of these commodities.
Pros and Cons
Account Types
Deriv provides three account types: Synthetic, Financial, and Free demo account. The Synthetic account covers synthetic indices trading, while the Financial account includes forex, commodities, cryptocurrencies, and stocks trading. The Free demo account allows users to practice trading strategies and explore the platform's features.
Pros and Cons
Leverage
Deriv offers leverage of up to 1:4000, allowing traders to amplify their trading positions in relation to their account balance.
Spreads
Starting from a minimal spread of 0.00006 for currency pairs like EUR/USD and going up to 207.5 for indices such as Volatility 75 Index, Deriv provides diverse spreads across instruments, including stocks, cryptocurrencies, and commodities.
Minimum Deposit
The minimum deposit and withdrawal amount for Deriv vary based on the chosen payment method. The lowest amount is 5 to 10 USD/EUR/GBP/AUD when using e-wallets.
Deposit & Withdrawal
Deriv offers a variety of payment methods for deposits and withdrawals, including debit and credit cards, e-wallets, cryptocurrency wallets, Deriv P2P, online banking, fiat onramp, and payment agents. Depending on the method chosen, deposit and withdrawal processing times vary. For example, major debit and credit cards like Visa, Visa Electron, Mastercard, Maestro, Diners, and JCB offer instant deposits with a minimum range of $10 to $10,000, while withdrawals take 1 working day. E-wallets like Fasapay, PerfectMoney, Skrill, Neteller, Webmoney, and others also offer instant deposits with similar minimum and maximum ranges, along with 1 working day for withdrawals. Cryptocurrency deposits, like Bitcoin, Ethereum, Litecoin, and more, have no minimum deposit requirement and are available as soon as confirmed, subject to internal checks for withdrawals. Fiat onramp options, such as Changelly, Banxa, and Xanpool, allow deposits in various currencies, with a minimum of $50 and processing times of 5 to 30 minutes. Deriv P2P supports local currency deposits and withdrawals with a maximum 1-hour processing time.
Pros and Cons
Trading Platforms
Deriv MT5: Deriv MT5 is an all-in-one CFD trading platform that provides access to multiple asset classes, including forex, stocks & indices, cryptocurrencies, commodities, exchange-traded funds, and derived indices. With 24/7 trading availability, traders can benefit from exclusive trade types. It's suitable for both new and experienced traders, offering a diverse range of tradable assets.
2. Deriv Trader: This platform provides an intuitive trading experience with features like potential payouts, and a variety of tradable assets, including forex, commodities, cryptocurrencies, and indices. The platform's user-friendly interface offers technical indicators and customizable chart types to aid in making informed trading decisions.
3. Deriv X: Deriv X is a customizable multi-asset trading platform, offering CFDs on forex, commodities, ETFs, stocks & indices, cryptocurrencies, and derived indices. It caters to traders' preferences by allowing customization of the trading environment, offering 24/7 trading, and providing a range of tools like dashboards, journals, and watchlists.
4. Deriv GO: Designed for on-the-go traders, Deriv GO is a mobile app optimized for trading multipliers. It enables traders to access forex, derived indices, and cryptocurrencies, with the potential to amplify profits using multipliers. The app offers easy access, user-friendly features, and risk management tools like stop loss and take profit.
5. Deriv EZ: Deriv EZ is a user-friendly CFDs trading platform offering access to a wide variety of assets in forex, stocks and indices, commodities, cryptocurrencies, and derived indices. With a simple account setup process and 24/7 trading availability, it provides an intuitive trading experience for both beginners and experienced traders.
6. Deriv Bot: DBot allows traders to automate their trading strategies without requiring coding skills. It offers pre-built strategies like Martingale, D'Alembert, and Oscar's Grind, along with the option to create custom strategies using a visual interface. Traders can maximize profits and manage risk with analysis tools, indicators, and smart logic.
7. SmartTrader: SmartTrader is a platform offering binary options trading. Traders can select assets, stake amounts, and predict whether the price will rise or fall within a specified duration. The platform provides clear explanations of contract terms and offers various cryptocurrencies and fiat currency options for trading.
8. Binary Bot: Binary Bot is a “drag-and-drop” tool for advanced users to create trading bots. It features pop-up trading charts and enables users to design and implement their own automated trading strategies.
Pros and Cons
Educational Tools
Margin Calculator: The margin calculator provided by Deriv allows users to estimate the required margin for holding positions. The calculation takes into account factors such as leverage, volume lot, and the account balance in the Deriv MT5 account. This tool helps traders plan their trading activities with a better understanding of the margin requirements.
Swap Calculator: Deriv offers a swap calculator that helps traders calculate the overnight fees associated with holding open positions. The calculator takes into consideration the swap rate, and the resulting fees can be either positive or negative based on the specific swap rate. This tool aids traders in managing potential costs related to holding positions overnight.
Pip Calculator: The pip calculator offered by Deriv enables traders to determine the value of pips in their trades. By knowing the value of pips, traders can manage their risk and make informed decisions about position sizes and potential gains or losses.
PnL Margin Calculator: Deriv provides a PnL (Profit and Loss) calculator for margin trading. This tool assists traders in estimating stop loss and take profit levels, as well as calculating the pip value for a given contract. By using this calculator, traders can assess potential risks and rewards associated with buying or selling a position.
PnL Multipliers Calculator: For traders engaging in multiplier contracts, Deriv offers a calculator to estimate the appropriate levels and amounts for stop loss and take profit. This helps mitigate risks in case the market price moves in an unfavorable direction. This calculator assists traders in making informed decisions to protect their investments.
Customer Support
Deriv's customer support is accessible through a network of offices spanning across various regions, including Europe, Asia, the Middle East, Eastern Europe, Africa, Latin America, the Caribbean, and Oceania. These offices include locations in the UK, France, Malta, Cyprus, Guernsey, Malaysia, Singapore, Dubai, Jordan, Belarus, Rwanda, Paraguay, Cayman Islands, and Vanuatu. This extensive global presence enables customers to connect with Deriv's support teams and receive assistance as needed.
Conclusion
In conclusion, Deriv Limited offers a range of trading opportunities through its various platforms. It claims regulatory oversight from the Labuan Financial Services Authority and the British Virgin Islands Financial Services Commission, but doubts have been raised regarding the legitimacy of these claims. The platform provides a diverse selection of trading instruments, including forex, indices, stocks, cryptocurrencies, and commodities. It offers multiple account types, leverage up to 1:4000, and a variety of trading platforms suitable for both new and experienced traders. However, caution is advised due to concerns about regulatory claims and the lack of trading software. Traders can access educational tools such as margin, swap, pip, PnL margin, and PnL multipliers calculators. Deriv's customer support is extensive, with offices spanning across different regions for assistance. It's crucial for potential users to exercise vigilance and thoroughly research before engaging with the platform.
FAQs
Q: How long does verification take？
A: The review of your documents typically takes 1-3 business days. We'll notify you via email once it's completed.
Q: Can I withdraw my deposit bonus？
A: Yes, you can withdraw the bonus once your turnover exceeds 25 times its value. Feel free to trade and withdraw potential profits at any time.
Q: What is the minimum deposit and withdrawal for cryptocurrency？
A: There's no minimum deposit for cryptocurrency. For withdrawal amounts, please refer to the Withdrawal page as they are not fixed.
Q: Where is my money held？
A: Your funds are kept in secure financial institutions, always accessible for withdrawal. We don't utilize your money for our business purposes.
Q: What is a dormant fee？
A: A dormant fee is charged for inactive accounts within the last 12 months. Refer to our terms for further details.
