Deriv Broker: Login, Review, Download App, Bonus & Trading Strategies

PROS CONS
  • Multiple regulated broker with competitive trading conditions
  • Range of financial instruments
  • Commission-free trading with low fees
  • Slow Withdrawals (48 hours +)
  • KYC Required
  • Conditions and offering vary based on the entity
  • International entity offers Binary Options which is highest risk instrument
  • Not available in some countries

Deriv (formerly known as Binary.com) is an online trading platform that offers a range of financial instruments, including binary options, forex, cryptocurrencies, commodities, and indices.

Summary table

πŸ“… Year founded 1999
πŸ“ˆ Demo account Yes
πŸ’° Maximum leverage 1:1 000
πŸ’΅ Minimum deposit $5
πŸ—‚οΈ Deposit options Bank wire transfer –Credit/debit cards – Both Visa and Mastercard – USD/GBP/EUR/AUD. E-wallets – Skrill, Neteller, PaySafe, Fasapay, and WebMoney, Cryptocurrency, Bitcoin, Ethereum, Litecoin and Tether
🧰 Tradeable assets offered Forex, stock indices, synthetic indices
πŸ’¬ Languages 11 different languages
πŸ“§ Customer service hours 24/7
πŸ’» Platforms Proprietary platform

Below is an overview of Deriv, including its pros and cons, key features, and offerings:

Pros

    1. Diverse Financial Instruments: Deriv typically provides access to a wide range of financial instruments, allowing traders to diversify their portfolios.
    2. User-Friendly Interface: The platform typically features a user-friendly interface, making it suitable for both novice and experienced traders.
    3. Leverage: Deriv may offer leverage on certain trading products, allowing traders to control larger positions with a smaller amount of capital. However, it’s essential to understand the risks associated with leverage.
    4. Demo Account: Deriv typically offers a demo account for traders to practice their strategies and get familiar with the platform without risking real money.
    5. Customer Support: Deriv usually provides customer support to assist traders with their inquiries and platform-related issues. Support channels may include email, live chat, and phone.
    6. Educational Resources: The platform may offer educational materials, including webinars, tutorials, and articles, to help traders improve their skills and understanding of the financial markets.

Special promo code

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Cons

  1. Risk of Trading: Trading on Deriv, like any financial market, involves risks. Traders can experience losses, and it’s essential to have a risk management strategy in place.
  2. Regulatory Considerations: Deriv operates under different regulatory authorities depending on the region. Traders should be aware of the regulatory status in their jurisdiction and review the platform’s terms and conditions.

Accounts

Deriv typically offers various types of trading accounts, each tailored to different trading needs and experience levels. These accounts may include Standard, Advanced, and VIP accounts, with varying features and minimum deposit requirements.

Instruments

Deriv provides access to a wide range of financial instruments, including binary options, forex, cryptocurrencies, commodities, and indices. Traders can choose from these assets based on their preferences and trading strategies.

Special promo code

β†’ Videforex – VF100

Fees and Spreads

Deriv may have its own fee structure and spreads associated with trading different instruments. Traders should review the platform’s terms and conditions for specific details on fees and spreads.

Deposits and Withdrawals

Deriv typically offers multiple deposit and withdrawal methods, including credit/debit cards, bank transfers, e-wallets, and cryptocurrencies. Traders can select the payment method that suits their needs.

Trading Platform

Deriv typically offers a proprietary trading platform that is designed for binary options and other trading products. The platform includes charting tools, technical indicators, and options for setting trade parameters.

Conclusion

Deriv is an online trading platform that offers a variety of financial instruments and account types. Traders should carefully review the platform’s terms and conditions, fees, and available instruments before trading. Additionally, understanding the risks associated with trading and having a well-defined trading strategy are essential for success. It is also advisable to be aware of the regulatory environment in your jurisdiction when choosing a trading platform.

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FAQ

1. What is Deriv?

Deriv is an online trading platform that allows users to trade various financial markets, including forex, indices, commodities, cryptocurrencies, and synthetic indices. It’s designed to cater to traders of all experience levels with a range of trading platforms and tools.

2. What types of accounts does Deriv offer?

Deriv offers various account types to suit different trading styles and preferences, including accounts for CFDs, forex, and synthetic indices. Account features might vary, including leverage, spreads, and available platforms.

3. How can I start trading with Deriv?

To start trading, you need to sign up for an account on Deriv’s website, complete the verification process, and then deposit funds. Deriv may offer different platforms and tools you can use based on your trading preferences.

4. What is the minimum deposit required at Deriv?

The minimum deposit at Deriv can vary depending on the payment method and account type. It’s advisable to check the latest information on Deriv’s website or contact their support for specific details.

5. What trading platforms does Deriv provide?

Deriv offers multiple trading platforms, including DTrader, DBot, DMT5, and SmartTrader, each catering to different trading needs and preferences, from manual trading to automated bot trading.

6. What instruments can I trade on Deriv?

You can trade a wide range of instruments on Deriv, including forex pairs, stock indices, commodities, synthetic indices, and cryptocurrencies.

7. Does Deriv offer demo accounts?

Yes, Deriv offers demo accounts for its various platforms, allowing users to practice trading with virtual funds without any financial risk.

8. How do I deposit and withdraw funds on Deriv?

Deriv supports various deposit and withdrawal methods, including bank wire transfers, credit/debit cards, e-wallets, and cryptocurrencies. The availability of these methods can depend on your country of residence.

9. Are there any fees for trading on Deriv?

Deriv may charge certain fees depending on the account type and trading platform. It’s recommended to review the fee structure on Deriv’s website or contact their support for detailed information.

10. How can I contact Deriv customer support?

Deriv offers customer support through live chat, email, and phone. Detailed contact information is available on Deriv’s website, including support hours.

11. Can I trade cryptocurrencies on Deriv?

Yes, Deriv provides cryptocurrency trading, allowing users to trade various digital currencies against fiat currencies or other cryptos, depending on the platform and account type.

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