deriv-trading Forex Broker

Deriv Trading Broker - Complete Information Guide

1. Broker Overview

　　Deriv, formerly known as Binary.com, was established in 1999. The company is headquartered in Malta, with multiple offices across various regions, including Malaysia, the British Virgin Islands, and Vanuatu. Deriv is a private entity and is part of the Regent Markets Group, which has built a reputation as a reliable online trading platform over the years.

　　Deriv serves a diverse clientele, offering its services to traders from over 190 countries. The broker specializes in various markets, including forex, contracts for difference (CFDs), and options, making it accessible to both novice and experienced traders. The company has undergone significant evolution since its inception, with key milestones including the rebranding from Binary.com to Deriv in 2020, which marked its commitment to enhancing the trading experience for users.

　　The business model of Deriv focuses on retail forex trading, providing a user-friendly platform for individual traders while also catering to institutional clients through its advanced trading solutions. The introduction of unique products such as synthetic indices has further solidified Deriv's standing in the trading community.

2. Regulation and Compliance Information

　　Deriv is regulated by several reputable financial authorities, ensuring that it adheres to strict compliance standards. The primary regulatory bodies overseeing Deriv include:

• Malta Financial Services Authority (MFSA) - License Number: 70156
• British Virgin Islands Financial Services Commission (BVI FSC) - License Number: SIBA/L/18/1114
• Vanuatu Financial Services Commission (VFSC) - License Number: 14699
• Labuan Financial Services Authority (LFSA) - License Number: MB/18/0024

　　The regulatory licenses held by Deriv cover various aspects of trading, ensuring that they operate within legal frameworks and maintain high standards of financial integrity. Client funds are kept in segregated accounts, offering protection in the event of insolvency. Furthermore, Deriv participates in investor compensation schemes, providing coverage of up to €20,000 for eligible clients.

　　Deriv implements robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, requiring clients to verify their identity and address before trading. This commitment to compliance enhances the safety and security of traders' funds and personal information.

3. Trading Products and Services

　　Deriv offers a wide variety of trading products, catering to different trading preferences and strategies. The available instruments include:

• Forex: Traders can access over 50 currency pairs, including major, minor, and exotic pairs.
• CFDs: Deriv provides a range of CFDs across various asset classes, including:
• Stock Indices: Access to major indices from the US, Europe, and Asia.
• Commodities: Trading opportunities in precious metals like gold and silver, as well as energy products like oil.
• Cryptocurrencies: Options to trade popular cryptocurrencies such as Bitcoin and Ethereum.
• Synthetic Indices: Unique to Deriv, these indices mimic real-world market conditions but are not affected by actual market events, allowing for 24/7 trading.

　　Deriv continuously updates its product offerings to meet the demands of its clients, ensuring a dynamic trading environment. This includes introducing new instruments and enhancing existing ones to provide traders with comprehensive market access.

4. Trading Platforms and Technology

　　Deriv supports multiple trading platforms to suit various trader needs:

• MetaTrader 5 (MT5): This widely used platform provides advanced charting tools, technical indicators, and automated trading capabilities. It is available for desktop and mobile devices.
• Deriv Trader: A proprietary web-based platform designed for simplicity and ease of use, ideal for beginners and casual traders.
• Deriv X: A customizable platform that allows traders to personalize their trading environment with advanced charting and analysis tools.
• DBot: An automated trading platform enabling users to create and implement trading bots without coding knowledge.

　　The execution model employed by Deriv includes both Market Making and Straight-Through Processing (STP), depending on the type of account and asset being traded. The broker ensures fast and reliable trade execution, supported by a robust technological infrastructure.

5. Account Types and Trading Conditions

　　Deriv offers several account types tailored to meet the needs of different traders:

• Standard Account: Requires a minimum deposit of $5, with competitive spreads and no commissions on trades.
• Financial STP Account: Designed for forex trading, offering direct access to liquidity providers with tight spreads.
• Synthetic Account: Allows trading of synthetic indices, also starting from a minimum deposit of $5.
• Demo Account: Available for practice trading, allowing users to familiarize themselves with the platform using virtual funds.

　　Leverage varies by account type and asset class, with maximum leverage reaching up to 1:1000. The minimum trade size is typically 0.01 lots, and overnight fees may apply depending on the account type and trading position.

6. Funds Management

　　Deriv supports a variety of deposit and withdrawal methods, ensuring convenience for its users:

• Deposit Methods: Options include bank transfers, credit/debit cards, e-wallets (such as Skrill and Neteller), and cryptocurrencies. The minimum deposit requirement is generally $5, but may vary based on the method used.
• Withdrawal Methods: Users can withdraw funds through the same methods used for deposits, with a minimum withdrawal amount typically set at $5 for e-wallets and $10 for credit/debit cards.
• Processing Times: Deposits are usually processed instantly, while withdrawals may take between 1 to 5 business days, depending on the chosen method.

　　Deriv does not charge fees for deposits or withdrawals, making it a cost-effective option for traders.

7. Customer Support and Educational Resources

　　Deriv offers comprehensive customer support designed to assist traders at any time:

• Support Channels: Traders can reach the support team via live chat, email, and through a detailed help center. The support is available 24/7, ensuring assistance is accessible whenever needed.
• Multilingual Support: Deriv provides customer service in multiple languages, enhancing accessibility for a global audience.
• Educational Resources: The broker offers a range of educational materials, including video tutorials, trading guides, and market analysis, to help traders improve their skills and knowledge.

　　While the educational resources are beneficial, some users have noted that there is room for improvement in the depth and breadth of content available.

8. Regional Coverage and Restrictions

　　Deriv operates in numerous regions worldwide, providing services to traders in various countries. However, there are some restrictions:

• Accepted Markets: Deriv services a wide range of markets, including Europe, Asia, Africa, and Latin America.
• Regional Offices: The broker has established offices in several locations, including Malta, Malaysia, and the British Virgin Islands.
• Restricted Countries: Deriv does not accept clients from certain countries, including the United States, Canada, and Hong Kong, among others. This limitation is in place to comply with regulatory requirements.

　　In summary, Deriv is a well-regarded trading platform that offers a comprehensive range of services and products for traders of all levels. With its commitment to security, competitive trading conditions, and a user-friendly experience, it stands out as a viable choice for those looking to engage in online trading. As a reliable Deriv trading broker, it continues to evolve and adapt to the changing needs of the trading community.