Deriv.com is a new trading platform with roots going back 20 years to 1999. This Deriv broker review will tell you all about the broker. We will also check if the broker is legitimate or if it is a scam.
According to the broker, the platform is built as a place where people can trade what they want, how they want. If you want to know more about this platform, then please keep reading this article.
An Overview of Deriv.com
Deriv.com is one of the top brokers for trading CFDs, forex, commodities, stocks, cryptocurrencies, and ETFs. As an online broker, Deriv.com gives you access to over 100 instruments with competitive spreads and fast order execution.
It has been providing trading services since 1999, so they have over 20 years of experience. They are regulated in several jurisdictions, including Vanuatu, to provide you with security and peace of mind.
In terms of platforms, Deriv.com offers MetaTrader 4, MetaTrader 5, and DTrader. These platforms give you advanced charting tools, technical indicators, and automated trading ability through Expert Advisors (EAs). You can trade on desktop, web, or mobile versions of the platforms for maximum flexibility.
Regulation and Security of Deriv.com
Deriv.com is regulated by the Vanuatu Financial Services Commission (VFSC), which is the regulatory body for Vanuatu. Being regulated by the VFSC means that Deriv.com must follow certain rules to ensure the safety and security of your funds and personal information.
If you still have doubts about Deriv.com’s security, you’ll be glad to know they have never had any major security breaches. They also conduct regular audits and penetration tests to identify any vulnerabilities and fix them quickly.
What you Can Trade on Deriv.com?
Deriv.com offers a variety of assets for you to trade, whether you’re an experienced trader or just getting started.
Trade major, minor, and exotic currency pairs with leverage up to 1:1000. speculate on the price movements of currencies like EUR/USD and GBP/JPY.
Trade commodities such as gold, silver, oil, and natural gas. Deriv.com offers competitive spreads and the ability to go long or short on several commodities.
Speculate on the movement of major global indices like the FTSE 100, S&P 500, and Nikkei 225. You can trade stock market indices from the US, Europe and Asia.
Trade stocks from leading companies like Apple, Tesla, Alibaba and more. Over 2,000 global stocks are available to buy or sell as CFDs. You can go long or short and use leverage for greater exposure.
Trade popular exchange-traded funds (ETFs) that track stocks, bonds, commodities and more. Over 200 ETFs are available to trade as CFDs on Deriv.com’s platform.
Fees of Deriv.com
When it comes to fees, Deriv.com keeps things straightforward for traders.
To get started, you only need to deposit $5. This ultra-low minimum deposit opens the doors for new traders with small accounts. Compared to most brokers that require $200 or more just to open an account, Deriv.com’s $5 minimum is very beginner-friendly.
Fund your account using credit/debit cards like Visa and Mastercard, as well as e-wallets such as Skrill and Neteller. Bank wire transfers are also accepted. These payment methods allow for quick and convenient deposits so you can start trading fast.
Making withdrawals is just as easy. There are no withdrawal fees for most methods. Withdrawals are processed within 1-2 business days and funds are released to your account. The $5 minimum deposit also applies to withdrawals, so you can withdraw your profits no matter how small.
Deriv.com Customer Support
Deriv.com offers customer support 24 hours a day, 7 days a week via live chat on their website. You can also contact them by phone or email. Their support staff are knowledgeable and friendly, able to answer questions about:
- Account opening and funding
- Placing trades
- Withdrawing funds
- And more
The live chat feature on Deriv.com allows you to instantly connect with a support agent. Just click the chat icon on the bottom right of any page on their website to start a conversation. Live chat support is available in several languages including English, Chinese, Thai, Vietnamese, and Indonesian.
If you prefer to speak to someone over the phone, Deriv.com’s phone support is available 24/7. They have dedicated phone numbers for their major markets in Asia Pacific, Europe, the Middle East, and Africa. Phone support is offered in multiple languages based on your location.
You can also contact Deriv.com’s support team via email at firstname.lastname@example.org. While email response times may be a bit slower than live chat or phone, their support staff aims to respond to all emails within 24 hours on business days. Be sure to provide as much detail as possible in your email to help them address your query efficiently.
Is Deriv.com Legit or Scam?
Is Deriv.com legit or a scam? This is an important question for any trader considering opening an account with Deriv. Based on our research, Deriv.com appears to be a legitimate broker. Here are a few reasons why:
Deriv.com is licensed and regulated by the Labuan Financial Services Authority (LFSA) in Malaysia, which helps ensure they follow strict rules around security, transparency, and ethical business practices. They are also regulated in other jurisdictions like Vanuatu and Seychelles.
It uses SSL encryption and other security protocols to protect your personal information and trading activity. They also keep client funds in segregated accounts, separate from the company’s operational funds. This means your money is protected in the unlikely event that Deriv.com goes out of business.
Pros and Cons of Deriv.com
As with any broker, Deriv.com has its pros and cons. Here are some of the main positives and negatives to consider:
- Regulated and secure. Deriv.com is licensed and regulated, so your funds and information are kept safe. They use top security measures like two-factor authentication and data encryption.
- Low fees. It has no commissions and low spreads. The minimum deposit is only $5 to start trading. You can fund your account and withdraw money easily using popular payment methods.
- Many assets to trade. Deriv.com allows you to trade forex, cryptocurrencies, stocks, commodities, and indices, so there are lots of opportunities.
- Demo account. You can try out the platform using a free demo account with $100,000 in virtual funds. This is perfect for new traders to practice strategies before using real money.
- Limited education. While Deriv.com has a basic section to learn to trade, its education center lacks in-depth courses and video tutorials compared to some competitors.
- Few account types. Deriv.com currently only offers one standard account type. They do not offer accounts tailored to certain experience levels or needs like some other brokers.
Deriv.com offers a great platform for trading the financial markets with competitive fees and a solid range of assets. You can trade with confidence knowing they are well-regulated and your money is secure. Their customer support is also top-notch, available 24/7 to help you out.
Overall, Deriv.com is a legit broker and worth your consideration. Why not give their demo account a go to see if they’re the right fit for your trading needs? You’ve got nothing to lose and a whole world of opportunity to gain.