Our Take on Deriv

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Established in 1999, Deriv is a versatile multi-asset online broker based in Malaysia, operating under five entities with global regulation. It provides clients with access to a variety of markets, including forex, stocks, ETFs, commodities, indices, and cryptocurrencies.

Notably, Deriv offers 8 proprietary platforms for various needs and an extensive array of deposit and withdrawal options. In my opinion, Deriv’s broad market access and flexible transaction options make it a reasonable choice for diverse trading needs.

Deriv Pros and Cons

Wide range of deposit and withdrawal options. Options and multipliers available. Lack of research and educational content. There is room for improvement in the customer support quality. 

Deriv Highlights for 2024

  • Global Operations: Deriv operates under five entities worldwide, highlighting its international presence.
  • Platform Diversity: The broker provides access to MetaTrader 5 and cTrader, as well as a range of proprietary platforms – Deriv X, Dtrader, Dbot, SmartTrader, and DerivGO.
  • Range of Cryptos: Deriv offers 43 cryptocurrency CFD which is more than the industry average.
  • Flexible Transactions: The broker provides a high number of deposit and withdrawal options, available in multiple currencies.
  • Variable Fees: The spreads for EUR/USD, GBP/JPY, and Gold were low, contrasting with high spreads for WTI oil and Tesla. There is also a high inactivity fee.
  • Limited Support: The broker lacks phone support and failed to answer one of the questions in our customer support test.

What Sets Deriv Apart?

Deriv offers a variety of 8 trading platforms, catering to diverse trading preferences. The platforms offer a comprehensive suite of features and tools designed for a range of trading strategies providing advanced charting tools, technical analysis indicators, and customizable layouts.

All the platforms are user-friendly, supporting both new and experienced traders, and offer seamless access to a variety of financial markets, including forex, stocks, indices, ETFs, cryptocurrencies, and commodities.

Who is Deriv for?

Deriv has various trading options like CFDs and options, which may be appreciated by skilled traders who want to spread out their investments. The platform allows high leverage, up to 1:1000, which can be highly beneficial for professional traders who are looking to maximize their trading potential.

At the same time. it’s easy for beginners to start with only a $5 deposit Deriv requires. Plus, new traders can learn a lot from the broker’s blog, which has easy-to-understand articles and tips on trading.

“Deriv” is an online trading platform offering various trading options like forex, commodities, cryptocurrencies, and synthetic indices. Here's a detailed review of Deriv based on various factors:

Platform Features

  1. Trading Platforms:
  • DTrader: User-friendly interface suitable for both beginners and experienced traders.
  • DBot: Allows users to create automated trading bots without programming knowledge.
  • MetaTrader 5 (MT5): Offers advanced trading features for professional traders.
  1. Asset Variety:
  • Forex: Major, minor, and exotic currency pairs.
  • Commodities: Includes metals, energy products, and agricultural products.
  • Cryptocurrencies: Popular digital currencies like Bitcoin, Ethereum, and Litecoin.
  • Synthetic Indices: Unique to Deriv, these indices simulate real-world market conditions and are available 24/7.
  1. Account Types:
  • Demo Account: For practice with virtual funds.
  • Real Account: For live trading with various funding options.
  1. Educational Resources:
  • Webinars and Tutorials: To help users understand the platform and trading strategies.
  • Market Analysis: Regular updates and insights into market trends.
  1. Customer Support:
  • 24/7 Support: Available via live chat, email, and phone.
  • Multilingual Support: Catering to a global audience.

Security and Regulation

  • Regulated: By reputable financial authorities in different regions.
  • Security: Uses SSL encryption and other security measures to protect user data and funds.

Pros and Cons

Pros:

  • Wide range of trading instruments.
  • User-friendly platform with multiple trading options.
  • Demo account for practice.
  • Good customer support.
  • Educational resources for beginners.

Cons:

  • May have regional restrictions.
  • Some advanced features might be overwhelming for beginners.

Conclusion

Deriv is a comprehensive trading platform suitable for traders of all levels. It offers a variety of trading instruments and platforms, robust educational resources, and strong customer support. While it may have some regional restrictions, its overall features and security make it a competitive choice in the online trading market.

If you have specific aspects you’d like to delve deeper into, such as the performance of their trading platforms or customer experiences, let me know!