An Overview of Deriv.com
Binary.com has developed and maintains Deriv.com, a new brokerage platform. The new platform allows traders to trade CFDs, Binary Options, and Forex using a web-based platform (DTrader), an MT5 platform (DMT5), an automated trading system called DBot, and a new platform called Deriv X.
Binary.com has been renamed Binary.com Deriv after 20 years of serving retail consumers. The site now has a wider choice of products, a more user-friendly layout, and a snazzy new logo.
Three trading platforms are available, along with the SmartTrader system.
The platform is simple to use while being rich in functionality thanks to the integration of MT5 and its related analytical and research capabilities. For traders of all levels, this is a fantastic combo. It is highly customizable, allowing traders to create their charts and trading zones. Individual trade windows can be disconnected and relocated as needed, or multiple trading windows can be open at the same time.
Asset listings are simple to find and navigate — the platform now has over 70 assets, with more on the way as the brand grows.
There is also a flexible leverage option of up to 1:000. Furthermore, trade sizes ranging from micro-lots to 30 regular lots are available.
The platform has a simple UI and over 50 items that may be traded. Technical indicators and widgets can be used to customize charts to meet the demands of traders. Position sizes as low as $0.35 and trade durations ranging from one second to 365 days can all be customized.
The potential payments are also greater than 200 percent. The platform represents a significant advancement in trading platforms, promising a superior user experience.
Using algorithmic investing, the DBot platform provides a straightforward road to customization. Trading bots are easy to construct, take only five steps to complete, and can be utilized with over 50 different assets.
Traders can also employ three pre-made tactics to help them get back on their feet. Performance tracking is a handy extra feature that allows you to make modifications to maximize profits.
Markets and assets
Over 100 products are available on Deriv.com covering:
- About 50 currency pairings, including majors, minors, and exotics, are traded on the forex market.
- Bet on the price movements of the most popular stock indices in the United States, Asia, and Europe.
- Synthetic indexes are available 24 hours a day, seven days a week, and provide stable volatility.
- Commodities: Precious metals like gold and silver, as well as energy commodities like oil, are available.
Multipliers allow users to trade with leverage in order to grow their positions, and they frequently take numerous positions to maximize possible gains.
Traders can’t lose more than their initial investment, which reduces the risk. Multipliers are a type of trading that is comparable to margin trading.
Spreads and commissions
The company claims to have tight spreads and low trading fees. Data on average spreads and commissions is restricted because the company is currently integrating its new system. Binary.com, on the other hand, had an excellent reputation for offering competitive spreads and a straightforward price structure. Inactivity fees may apply to accounts that have been dormant for more than a year.
There is no mobile trading option available right now. However, this is most likely due to changes to the brand and platform. We anticipate the broker making its platforms available through iOS and Android apps once this procedure is completed.
Trading account replenishment methods
Deposit options include:
- Wire Transfer: The minimum deposit is $5, and the majority of transactions are completed promptly.
- Credit/Debit Cards: With a minimum deposit of $10/GBP/EUR/AUD, Visa and MasterCard can be used. Credit and debit card deposits are handled immediately.
- Skrill, Neteller, PaySafe, Fasapay, and WebMoney are just a few of the e-wallets available. The minimum deposit is 5 of your base currency, and it is handled immediately.
- Bitcoin, Ethereum, Litecoin, and Tether are examples of cryptocurrencies that can be used to fund your account. There is no minimum deposit with cryptocurrencies, and payments are processed in three blockchain confirmations.
All deposit payment modes can be used to withdraw money from your account. Wire transfers start at 5 of your base currency and take 1-2 business days to process, depending on your bank.
Debit/credit card withdrawals require a minimum of 10 of your base currency and are completed within one business day. Please keep in mind that MasterCard and Maestro are only available to traders in the United Kingdom.
To use an e-wallet to withdraw funds, you must withdraw at least $5 of your base currency, which will be processed within one business day.
Finally, the lowest minimum withdrawal of funds is 0.0026 with a withdrawal time of one business day plus three blockchain confirmations for cryptocurrencies. Clients are not charged any withdrawal fees. Deriv is one of the most cost-effective brokers for deposits and withdrawals.
On the website, you can create a demo account. This is a real-time mirror of the actual trading area, allowing traders to acquire a feel for the platform. The practice account can be used to practice trading or to test techniques. The demo account is available on all platforms and has no time limit. It also offers an unlimited bankroll.
Regulation and licensing
Several jurisdictions regulate brokers.
The Malta Financial Services Authority regulates it in the EU (FSA). The broker is authorized by the Vanuatu Financial Services Commission (FSC) and the British Virgin Islands Financial Services Commission for traders outside the EU (FSA). Deriv.com is also overseen by the Malaysian Financial Services Authority in Labuan (FSA).
Customers have negative balance protection under the licensing rules, which means they can lose no more than their initial investment.
There are 3 account types:
- MT5 (DMT5)
- Synthetic indices
Each account provides a variety of trading choices, ranging from binary options to CFDs via MT5. Account types will be offered based on the trader’s geographical location.
Clients from South Africa or Singapore, for example, will have different account possibilities than traders from the EU. Because of EU regulation (ESMA) and licensing, this is the case.
Customer service is available 24 hours a day, 7 days a week through the following channels:
Help Center — The Self-Service Portal can assist with a variety of difficulties, from account inquiries to platform concerns.
Live Chat: Live help is now available right on the website.
Deriv.com is the newest iteration of Binary.com, which is quite popular. Traders can choose from a variety of platforms to fit their trading styles and objectives.
Deposit and withdraw cash quickly and easily. Users also benefit from registering with a trustworthy company that is licensed in several jurisdictions.