Deriv is one of the financial markets top brokers. Established in 1999, Deriv is a well-rounded multi-asset broker headquartered in Malaysia. Under the regulation of five global entities, it offers clients access to trade with a diverse range of instruments including FX, stocks, ETFs, commodities, indices and cryptocurrencies. Deriv caters to both novice and professional traders who enjoy executing their own trades and utilizing auxiliary programs to enhance their efficiency.
One of the brokers core values is to make trading accessible and convenient. Hence, they offer the DTrader platform, a proprietary trading platform designed with a user-friendly interface ideal for beginners, this is ideal as it shows clients that the broker has a ‘customer focus’ ideology. DTrader 2 is a platform for advanced traders and features complex instruments and technical analysis indicators.
Deriv is licensed and regulated by Vanuatu Financial Services Commission, Malta and Labuan Financial Service Authority, and BVI FSC.
ACCOUNT TYPES
Deriv provides three spread based CFD accounts, Derived, Financial, and Deriv X, alongside options and multiplier accounts, with the option for swap-free accounts also available. Your choice of account should vary based on whether the account meets your trading preference.
Deriv also offers a selection of in-house platforms tailored for trading options and multipliers. Traders can evaluate the broker’s services risk free by opening a demo account.
Before opening an account, traders should identify their needs and choose an account that aligns with such needs. Other important factors to consider include base currency options, contract size, availability of pending orders/positions, and the minimum deposit size.
Derived Account
Derived accounts feature a variable spread, a minimum deposit of $5, no commission apart from equities, a demo account, and a leverage of up to 1:1000. The MT5 platform offers Derived accounts, providing access to Synthetics, Baskets, and Derived FX. Additionally, the platform includes Financial accounts, which grant access to Forex, Stocks, Stocks Indices, and Commodities.
Financial Account
Financial account features a variable spread, a minimum deposit of $5, no commission apart from equities, a demo account, and a leverage of up to 1:1000. The MT5 platform also provides access to Financial accounts.
Deriv X Account
Deriv X account features a variable spread, a minimum deposit of $5, no commission apart from equities, a demo account, and a leverage of up to 1:1000. The Deriv X account can be accessed through the Deriv platform.
Deriv provides a swap-free account option on the MT5 platform, ensuring no rollover fee. This account type encompassess instruments from both Derived and Financial account categories, including synthetics, forex, stocks, stock indices, cryptocurrencies, and ETFs.
Opening accounts with Deriv (SVG) LLC, Deriv (V) Ltd, and Deriv (BVI) Ltd allows traders to access a maximum leverage of up to 1:1000. However, such high leverage requires careful risk management. For those opening accounts with Deriv (FX) Ltd, leverage of up to 1:100 is available. While Deriv Investment (Europe) Limited offers leverage of up to 1:30. It is important to note that CFD leverages enables traders to open positions without paying the full value upfront. Instead, they only need to deposit a fraction of the total position value, known as margin. The remaining funds are borrowed from the broker, allowing traders to control larger positions with smaller initial investments.
All account types at Deriv feature a demo account version. A demo account provides a risk-free environment for exploring the broker’s services and practicing your trading skills without risking real money. While utilizing a demo account is valuable for practicing strategies and familiarizing yourself with the trading platform, it is crucial not to solely rely on it. Transitioning to live trades allows you to experience genuine market conditions, providing valuable insights into real world trading dynamics.
FEES AND COMMISSION
Deriv provides competitive spread for select instruments, although it compensates this with wider spreads for others. Additionally, it imposes a dormant fee that exceeds the industry average. There are no fees for maintaining a trading account, however there is an additional commission on inactive accounts.
Deriv Financial account applies spreads and rollover fees without any commission. Spreads fluctuate and are affected by the liquidity conditions of each instrument at a specific moment.
Non-Trading Fees
Deriv imposes a $25 fee on accounts that have an inactivity period of 12 months, this fee is charged every six months if the account remains inactive. Moreover, the Deriv MT5 real account may be archived after 30 days of inactivity, with reactivation possible through the Help Center. Any pending funds in the Deriv MT5 account will be transferred to the Deriv account.
DEPOSIT AND WITHDRAWAL
Deriv provides a wide array of deposit and withdrawal options and does not impose any fee for deposit and withdrawals.
Deriv offers a broad selection of deposit options across multiple currencies, including cryptocurrencies. Furthermore, the broker does not charge any fees for withdrawals. Typically, most withdrawal methods offered by the broker only take one working day to be processed. However, crypto withdrawals may be subjected to internal checks.
TRADING PLATFORMS
In addition to MT5, Deriv also has other trading platforms such as Deriv X, Deriv EZ, SmartTrader, DTrader, Deriv GO, and DBot.
Deriv Desktop and Web Platforms
MT5 stands out as an advanced trading platform customizable to traders’ preference. While its interface is intuitive, new traders might benefit from tutorials to explore its full potential.
Novice traders should familiarize themselves with chart options, indicators, drawing tools, and order management. Creating watch lists and managing trading positions also require attention. Despite the initial learning curve, mastering MT5 yields a powerful tool for achieving better trading outcomes.
With its diverse number of indicators and time frames, MT5 provides an ample flexibility to tailor charts to individual preferences. Trend indicators, oscillators, volume analysis, Bill Williams indicators, and custom options allow users to craft personalized charts suited to their strategies. The available time frames span from 1 minute to 1 month, offering traders a comprehensive view of both short-term fluctuations and long-term trends.
Charts
MT5 charts are user-friendly for novice traders while still providing ample options for experts. Charts are presented in either bar, candlestick, or line format. Candlesticks are widely favored by traders due to their ability to indicate numerous patterns utilized for trading decisions. However, other chart types also have their advantages.
Order
MT5 includes various order types
- Market order: This order is used to buy or sell an instrument at the current market price. This order is ideal for quick position establishment despite the spread cost.
- Limit order: This order is used to buy or sell instruments at a preset price or better, allowing traders to specify their entry point without accepting current market prices.
- Stop-loss order: This order is triggered to exit a position when the price moves unfavorably beyond a specific point, helping manage losses.
- Stop limit order: This is a stop-loss order that activates a limit order instead of a market order when triggered. This order is suited for experienced traders seeking more control over their exits.
- Trailing stop order: This order allows the setting of a stop order that adjusts as the position moves favorably, safeguarding profits against market reversals.
Various expiration types are available for pending orders on Deriv, including GTC (Good-Till-Cancel), Today, Specified, and Specified Day, providing traders flexibility in managing their orders over time.
Deriv MT5 Mobile App
The MT5 mobile app for android offers a user-friendly experience. The app is a great place for traders to quickly access charts, quotes, account balance information, an economic calendar, news updates, and various tools. This comprehensive set of features empowers traders to make well-informed trading decisions on the go.
Charts
The MT5 mobile app offers a selection of options such as technical indicators, drawing tools, time frames, and chart types, which is sufficient for mobile based trading.
Traders typically turn to the mobile app version of MT5 when they lack access to the desktop platform but still need to monitor the market and manage open positions. While the app serves its purpose in such situations, it may not offer the same efficiency as the desktop platform, which remains the preferred choice for traders seeking fast and active trading capabilities.
Orders
In the MT5 mobile app, traders can set market orders, limit orders, and stop orders. However, trailing stops are not available on the mobile app.
TRADING CONDITIONS
Deriv provides clients with multiple trading platforms tailored for specific assets and trading conditions. Leverage can range from 1:1000 (Deriv MT5 Synthetic) to 1:100 (Deriv MT5 Financial STP), though levels may differ based on the client’s account type and country of residence. The company offers a diverse range of trading instruments including flat currency pairs, cryptocurrencies, indices, stocks, commodities, options, and synthetic indices.
EDUCATION
Deriv offers educational content through its dedicated blog, providing articles with basic information about online trading types and strategies. Primarily tailored for beginners starting their journey in financial markets, the blog covers topics such as Forex, Commodities, and Strategies and Tips.
CUSTOMER SUPPORT
Deriv customer support team can be reached via online chat, WhatsApp, and community forums around the clock, providing assistance in over 20 languages. The broker does not offer phone call services, however, customers can visit the company’s offline offices. Customers can also use the FAQ’s available on the Help Center section, or contact a fellow trader.
CONCLUSION
Deriv is a broker that operates under five entities: Deriv (SVG) LLC, Deriv (V) Ltd, Deriv (BVI) Ltd, Deriv (FX) Ltd, and Deriv Investments (Europe) Limited,. The choice of which entity to trade with depends on the instrument to be traded and the client’s location. Deriv (V) Ltd and Deriv (BVI) Ltd are entities that can be used globally to trade CFDs and derived indices.
CFDs are complex instruments. A customer runs a high risk of losing money on CFDs trades, this is primarily due to the leverage that comes with the instrument. Before starting CFDs trades, it is important to know how CFDs work and if you can afford the risk of losing your money.
Deriv grants access to a diverse range of trading instruments including forex, stocks, commodities, options, and multipliers. With deposits starting at just $5, traders can utilize multiple hassle free deposits and withdrawal options offered in various currencies, including cryptocurrencies.
Traders have the option to choose between MT5 accounts and in-house platform accounts on Deriv. Demo accounts are also available for practice before switching over to a live account. They offer zero risk as traders do not use real currencies on the demo account.
