Deriv, formerly known as Binary.com, was established in 1999 and has since evolved into a prominent player in the online trading industry. The broker is headquartered in Malta, with additional offices in various locations, including the British Virgin Islands, Labuan (Malaysia), and Vanuatu. As a private company, Deriv operates under the Regent Markets Group, which has been committed to providing accessible trading solutions for over two decades.
Deriv caters to a diverse client base, serving more than 2.5 million traders globally. Its services span multiple markets, including forex, contracts for difference (CFDs), options, and synthetic indices. The company has made significant strides in enhancing its platform offerings, with a focus on user experience and technological innovation.
The transformation from Binary.com to Deriv in 2020 marked a significant milestone, reflecting its commitment to modernizing its trading platforms and expanding its product range. The broker operates on a straight-through processing (STP) model, ensuring efficient trade execution without the interference of a dealing desk.
Deriv is regulated by several reputable authorities, ensuring a secure trading environment for its clients. The primary regulatory bodies include:
Each of these regulatory bodies oversees different aspects of Deriv's operations, allowing the broker to offer services in various jurisdictions while adhering to local regulations. The company also participates in an investor compensation fund, providing protection of up to €20,000 for clients in the event of insolvency.
Deriv employs robust Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, ensuring that all accounts are verified before trading can commence. Client funds are held in segregated accounts, separate from the companys operational funds, enhancing the safety of traders' investments.
Deriv offers a comprehensive range of trading products, catering to different trading strategies and preferences. The broker provides access to:
Deriv continuously updates its product offerings to meet market demands, ensuring that traders have access to the latest financial instruments. The broker supports both retail and institutional clients, providing tailored solutions to meet various trading needs.
Deriv provides a variety of trading platforms designed to accommodate different trading styles and preferences. The key platforms include:
Deriv's platforms are equipped with advanced technology, ensuring fast execution speeds and reliable performance. The broker also offers an API for traders interested in developing custom trading solutions.
Deriv offers several account types to suit the needs of different traders:
The maximum leverage offered by Deriv varies by asset class and jurisdiction, with options up to 1:1000 for forex trading. The broker also provides a demo account for practice, allowing traders to familiarize themselves with the platform without financial risk.
Deriv supports a wide range of deposit and withdrawal methods, making it easy for traders to manage their funds. The available methods include:
Deriv does not charge any fees for deposits or withdrawals, ensuring that traders can access their funds without incurring additional costs. The minimum withdrawal amount is generally $5, and the processing time for withdrawals varies depending on the method chosen.
Deriv provides comprehensive customer support available 24/7 through various channels, including live chat and WhatsApp. The support team is multilingual, assisting clients in multiple languages, which enhances accessibility for global traders.
The broker also offers educational resources, including tutorials, articles, and a detailed FAQ section. However, the educational content is somewhat limited compared to some competitors, and traders seeking extensive training may need to look for additional resources elsewhere.
Deriv operates in numerous regions worldwide, with offices in Malta, the British Virgin Islands, Malaysia, Vanuatu, and other locations. However, certain countries are restricted from accessing Deriv's services, including the United States, Canada, Hong Kong, and Israel. Traders are encouraged to check the specific regulations applicable to their region before opening an account.
In summary, Deriv is a reputable broker offering a diverse range of trading products and platforms. With a low minimum deposit requirement and a commitment to regulatory compliance, it provides a secure and flexible trading environment for both novice and experienced traders. The broker's focus on innovation and customer service further enhances its appeal in the competitive forex market.
FX2235808966
Salvador
I have been using it for almost two years and so far all withdrawals have been quick and easy. What I like the most is that I can use synthetic indices and forex pairs in the same account.
Positive
06-15
Sebastian Gutierrez
Colombia
I loved this broker, I worked with mt5 but I got overconfident and didn't know how to have a trading plan, and I blew the account 🥹
Positive
06-14
Ivan Herrera
Colombia
Excellent broker, I have been using it recently, and everything has worked very well, the payments, the customer service, I recommend it
Positive
06-15