Deriv – The Best Forex Broker?
Read our Deriv Forex broker review below...
...Deriv is an Forex and CFD broker launched in 2020, but with experience since 1999. Deriv specializes in providing trading services for Digital Options, Forex Spot Market and Contracts for Difference. The broker is regulated in different jurisdictions and complies with all EU rules. Deriv is licensed and registered with MFSA Malta, Vanuatu FSC, Labuan FSA, and the British Virgin Islands FSC.
This broker is definitely legitimate, reliable and trustworthy. More than 1 million traders have already been registered on the broker's platform in more than 100 countries. For trading, the broker offers to use its unique DTrader and SmartTrader platforms.
20+ years of experience
Unique platform with a simple interface
Weekend trading available
Flexibility in trading conditions
Does not offer any bonuses
Does not accept US traders
No Swap free accounts
No cryptocurrency trading
Small selection of contracts
Deriv is a new brand on the market from the renowned founders of the Regent Markets Group, which has a mission since its founding in 1999 to make online trading more accessible to the masses. The company’s website is owned by Deriv Ltd. with offices in Malaysia, Malta, Paraguay and the UAE. Deriv after a long developmental phase that involved professional traders and experienced programmers created an innovative platform that is extremely user-friendly and straightforward great for novice and experienced traders alike. In the event of fraud by a broker, clients can receive compensation in the amount of €20,000 with the support of the Financial Commission’s Compensation Fund.
Users can choose DTrader, DBot or SmartTrader according to their needs. Deriv is a web-based trading platform named DTrader, allowing clients to trade anywhere in the world with an internet connection. Deriv offers its clients an exceptional user experience, from an easy-to-navigate website that makes trading quick and easy, to professional tools that will help you become a successful and accurate trader. With DBot, you can create your own robot. The broker also has DMT5 – an improved version of the MetaTrader 5 trading terminal. All orders work according to the STP system and are executed instantly. With Deriv, clients can trade over 100 assets. Currency operations can be carried out in more than 50 pairs, including: GBP/USD, AUD/CAD, EUR/USD, GBP/JPY, NZD/USD, CAD/JPY, USD/CHF, EUR/JPY, EUR/GBP and others.
By the way, the broker’s trading platform allows you to trade on weekends. Synthetic indices are a market that can be traded 24/7. As you know, on the weekend the market has very weak volatility. The price fluctuates a little, but you can still make good money. On the other hand, trading on weekends carries certain risks.
Depositing with Deriv is quick and simple, they accept Visa and Mastercard, while also being able to invest using Neteller, Skrill, CashU, and Bank Wire transfer. In addition, there are other deposit methods such as GiroPay, SoFort and PaySafeCard. The minimum deposit to start trading is $5. Deriv offers a wide variety of currencies when opening an account, including: USD, GBP, EUR, AUD, BTC, LTC, ETC. From a security perspective, they are robust enough because 256-bit SSL encryption and 3D security are in place. For those who do not know, this is the same as any other legal and secure banking operation. Deriv has an excellent withdrawal policy. You can withdraw part or all of the funds from them. Deriv Finance will review the request and the money will be deposited into your account within three business days.
Deriv’s customer support is excellent and is one of the best in the industry not only for its fast response times, but also for its ability to respond quickly and accurately, no matter how out of the ordinary the question might seem. You can find an online chat box on the website that will lead you to customer support. The consultant will immediately help you with any problem. Deriv understands that a positive reputation is important and therefore treats all of its clients with the attention and respect they deserve.
With the strong support team behind the platform, traders can now focus their energies on maximizing their profits. The software used for its platform is clean cut, user–friendly and offers a unique interface that was developed by the best programmers and financial experts. The platform works 24/7, which allows traders to place transactions at any time of the day. Here you can trade any strategy, there are no restrictions on scalping and hedging. In addition, traders have the option to trade with a robot known as Dbot. The direct deposit and withdraw processes makes it easy for traders to quickly deposit and withdraw profits via a large array of methods. To start trading with Deriv, it is enough to replenish it with a minimum amount.
Deriv FAQ on the broker
1 Is Deriv a regulated broker?
Yes, Deriv is regulated by MFSA, FSA, FSC, VFSC in Malta and others.
2 What trading platforms does Deriv offer?
Deriv offers the full suite of DTrader, Mobile, DMT5, SmartTrader.
3 What is Deriv maximum leverage?
Maximum leverage at Deriv is 1:1000.
4 What methods can I use to deposit and withdraw funds on Deriv?
Deposits and withdrawals with this broker can be done using these methods: Maestro, Visa, Mastercard, Bank Transfer, Skrill, Neteller, PayPal, Perfectmoney, FasaPay, WebMoney, QIWI, Bitcoin, UnionPay, Yandex Money, BTC, ETH, LTC, USDC, USDT.
5 What is the spread of the Deriv broker?
The spread for this broker is on average Deriv is 1 - 3 pips.
6 What’s the minimum deposit to open a Live account at Deriv?
The minimum deposit to open a Live account is 5 USD.
7 What cryptocurrencies are available at Deriv?
Sorry, but this broker does not support cryptocurrency trading.
8 In what currency can I open an account with Deriv?
With this brokers you can open an account in currencies: USD, GBP, EUR, AUD, BTC, LTC, ETC.
9 What Trading Instruments are available at Deriv?
On Deriv, you can trade financial instruments such as: CFDs, Forex, Options, Stocks, Commodities, Indices, Synthetic indices.