Deriv (Binary.com) Review
Deriv (Binary.com) Introduction
Deriv (formerly known as Binary.com) is a leading online trading platform that offers a wide range of financial instruments such as forex, commodities, and cryptocurrencies. The platform is known for its user-friendly interface, advanced trading tools, and competitive pricing. It also offers unique features such as the ability to trade 24/7 and its proprietary trading platform, SmartTrader. Additionally, Deriv provides a comprehensive education center with resources for beginners and experienced traders alike.
The platform is regulated by multiple authorities, ensuring a safe and secure trading environment. With over 20 years of experience in the industry, Deriv is a trusted and reliable platform for traders of all levels. The platform is also available in multiple languages, making it accessible to traders from all over the world. In this Deriv review, we will explore the features and benefits of Deriv and assess whether it is a suitable platform for traders looking to trade financial markets.
How to Get Started with Deriv (Binary.com)
Deriv (formerly known as Binary.com) is an online trading platform that offers a wide range of financial products to trade on. If you’re interested in trading with Deriv, here are some steps to help you get started:
1. Create an account: To start trading with Deriv, you’ll need to create an account on their website. The process is simple and requires you to provide some personal information, including your name, email address, and phone number.
2. Verify your account: After creating your account, you’ll need to verify it by providing some additional information, such as your government-issued ID or passport. This step is necessary to comply with the platform’s KYC (Know Your Customer) policy.
3. Make a deposit: Once your account is verified, you can make a deposit to start trading. Deriv offers several payment options, including credit/debit cards, bank transfers, and e-wallets.
4. Choose your trading instrument: Deriv offers a variety of financial products to trade on, including forex, cryptocurrencies, commodities, and indices. Choose the instrument that you’re most familiar with and that suits your trading strategy.
5. Set your trading parameters: Before placing a trade, you’ll need to set your trading parameters, including the amount you want to invest, the expiry time, and the direction of the trade (up or down).
6. Monitor your trades: Once your trade is placed, you can monitor it in real-time using the platform’s trading interface. You can also set stop-loss and take-profit orders to limit your losses and maximize your profits.
7. Withdraw your profits: If your trade is successful, you can withdraw your profits using the same payment method that you used to make a deposit. Deriv processes withdrawals within 24 hours, so you can expect to receive your funds quickly.
In conclusion, getting started with Deriv is easy and straightforward, and the platform offers a range of financial products to trade on. However, it’s important to remember that trading carries a high level of risk, and you should never invest more than you can afford to lose. It’s also a good idea to educate yourself on trading strategies and risk management techniques before diving into the world of trading.
Deriv is a popular online trading platform that offers a variety of account types to suit the unique needs and goals of different traders. Here are some of the most popular Deriv account types and their key features:
1. Virtual or Demo Account: This account type is free and perfect for beginners who want to practice trading without risking real money. It provides access to all the trading tools and features available on the Deriv (Binary.com) platform.
2. Standard Account: This is the most basic account type on Deriv and is suitable for beginners who are just starting out in trading. The Standard Account requires a minimum deposit of $5 and offers a maximum payout percentage of 91%. It provides access to all the basic trade types, including Up/Down, Touch/No Touch, and In/Out. It offers access to all the basic features and tools of the platform, including a wide range of markets, trading instruments, and analytical tools.
3. Advanced Account: This account type is designed for experienced traders who are looking for more advanced trading features and tools. The Advanced Account requires a minimum deposit of $500 and offers a maximum payout percentage of 92%. It provides access to all the basic trade types, as well as advanced trade types such as Asian, Digits, and Reset Call/Reset Put. It offers access to advanced charting tools, more trading indicators, and customizable trading settings.
4. Expert Account: The Expert Account requires a minimum deposit of $5,000 and offers a maximum payout percentage of 93%. It provides access to all the basic and advanced trade types, as well as additional features such as a dedicated account manager, VIP support, and exclusive trading strategies.
5. VIP Account: The VIP Account is an invitation-only account type that requires a minimum deposit of $50,000. It offers a maximum payout percentage of 94% and provides access to all the basic and advanced trade types, as well as personalized trading recommendations and other exclusive benefits.
6. MetaTrader 5 Account: This account type is for traders who prefer to use the popular MetaTrader 5 trading platform. It offers access to all the features of the MT5 platform, including advanced charting tools, customizable trading settings, and the ability to use expert advisors (EAs).
7. Synthetic Indices Account: This account type is specifically designed for trading synthetic indices on the Deriv platform. It offers access to a wide range of synthetic indices, including volatility indices, major indices, and sector indices.
8. Financial Account: This account type is for traders who want to trade traditional financial instruments, such as forex, stocks, and commodities. It offers access to a wide range of financial markets, including major currency pairs, popular stocks, and popular commodities.
Overall, Deriv offers a variety of account types to suit the unique needs and goals of different traders. Whether you are a beginner or an experienced trader, there is an account type on Deriv that can help you achieve your trading goals.
Deriv Binary.com Trading Assets refer to the wide range of financial instruments available for traders to invest in on the Deriv trading platform. The trading assets offered by Deriv Binary.com include various types of financial products such as stocks, indices, commodities, and forex.
Deriv Binary.com offers over 100 different trading instruments to choose from, ensuring that traders have a diverse selection of assets to invest in. This allows traders to diversify their portfolios and mitigate risk by spreading their investments across multiple assets.
Some of the most popular trading assets available on the platform include major currency pairs such as EUR/USD, GBP/USD, and USD/JPY. In addition, Deriv Binary.com also offers trading in a variety of other forex pairs, including minor and exotic currency pairs.
The platform also offers trading in commodities such as gold, silver, and crude oil, as well as popular stock indices like the S&P 500, NASDAQ, and FTSE 100. Traders can also invest in individual stocks of leading companies such as Apple, Amazon, and Tesla.
One of the key advantages of trading on Deriv Binary.com is the flexibility it offers to traders. The platform allows traders to invest in these assets using different trading methods such as binary options, contracts for difference (CFDs), and forex trading. This means that traders can choose the trading instrument that best suits their investment goals and trading style.
Overall, Deriv Binary.com offers a comprehensive range of trading assets that cater to the diverse needs of traders, making it a popular choice for individuals looking to invest in the financial markets.
Trading Platforms & Mobile App
Deriv is a leading online trading platform that provides traders with a wide range of trading options across multiple markets. They offer a number of different trading platforms, each with its own unique features and benefits. These platforms include Deriv MT5, Deriv X, Deriv EZ, Deriv GO, DTrader, SmartTrader, DBot, and Binary Bot.
Deriv MT5 is a powerful trading platform that offers traders access to a wide range of financial instruments, including currencies, commodities, stocks, and indices. It also offers advanced charting tools, technical indicators, and a customizable interface that allows traders to tailor their trading experience to their specific needs.
Deriv X is a next-generation trading platform that offers traders faster execution speeds and better trading conditions. It features a cutting-edge interface that is easy to use and provides traders with access to a wide range of trading tools and resources.
Deriv EZ is a simplified trading platform that is designed for new traders who are just getting started in the world of online trading. It offers a user-friendly interface, basic trading tools, and a range of educational resources to help traders learn the ropes.
Deriv GO is a mobile trading app that allows traders to access their accounts and trade on the go. It offers all of the features of desktop platforms, including advanced charting tools, real-time market data, and fast execution speeds.
DTrader is a web-based trading platform that offers traders access to a wide range of financial instruments, including forex, commodities, and indices. It features a user-friendly interface, advanced charting tools, and a range of trading tools and resources.
SmartTrader is a web-based trading platform that is designed for new traders who are looking for an easy-to-use trading interface. It offers basic trading tools, educational resources, and a range of other features to help traders get started.
DBot is a trading platform that allows traders to automate their trading strategies using advanced algorithms. It offers a range of tools and resources to help traders build and test their strategies, and it provides real-time feedback to help them optimize their performance.
Binary Bot is a trading bot that allows traders to automate their binary options trading strategies. It offers a range of advanced features, including backtesting, optimization, and real-time monitoring, to help traders maximize their profits.
Commission & Fees
Deriv (Binary.com) is a popular online trading platform that offers a wide range of financial instruments, including forex, commodities, indices, and cryptocurrencies. The platform is known for its user-friendly interface and its low trading fees.
One of the key features of Deriv (Binary.com) is its commission and fee structure. The platform offers two types of accounts: Standard and Advanced. The Standard account is designed for new traders who are just starting out, while the Advanced account is for experienced traders who require more advanced trading tools.
Both account types offer commission-free trading, which means that traders do not have to pay any fees for opening or closing trades. However, there are other fees that traders should be aware of, such as withdrawal fees, inactivity fees, and currency conversion fees.
Withdrawal fees vary depending on the withdrawal method used. For example, if a trader withdraws funds using a bank transfer, they may be charged a fee of $10. Similarly, if a trader requests a withdrawal using a credit card, they may be charged a fee of 1.5% of the withdrawal amount.
Inactivity fees are charged to traders who do not use their accounts for a certain period of time. For example, if a trader does not make any trades or deposits for 12 months, they may be charged an inactivity fee of $5 per month.
Currency conversion fees are charged when a trader deposits or withdraws funds in a currency that is different from their trading account currency. The fee for currency conversion is 1%.
Overall, Deriv (Binary.com) offers competitive commission and fee rates that are lower than many other online trading platforms. Traders should carefully review the fees associated with their account type and trading activity to ensure they are making informed decisions when it comes to their trading strategy.
Deposit & Withdrawal Methods
For bank transfers, the minimum and maximum deposit and withdrawal amount is 500 USD The maximum deposit and withdrawal amount is $ 100,000. Accepted currencies include USD, GBP, EUR, and AUD. The processing time for Standard Bank Transfer is one working day. If you use Internet Bank Transfer, it can take 15 minutes to deposit. If you use PayTrust, the Deposit is instant.
Deriv (Binary.com) accepts Visa, MasterCard, and Maestro for credit and debit cards. Credits accepted for credit cards include USD, GBP, EUR, and AUD. The minimum deposit and withdrawal amount are 10$, whereas the maximum deposit and withdrawal amount are $ 10,000. The Deposit is processed immediately, and withdrawal can take up to 1 business day. It should be noted that MasterCard and Maestro’s withdrawals are only available to UK clients.
Deriv (Binary.com) accepts all major e-wallets, Perfect Money, including Fasapay, Skrill, Neteller, WebMoney, QIWI, Paysafe Card, Jeton, iWallet, STICPAY, and Airtm. The minimum deposit and withdrawal using an e-wallet are $ 5, but the maximum amount will vary depending on which e-wallet you use. With an e-wallet, your Deposit is instantaneous and the withdrawal fee is $1.
Deriv (Binary.com) adopts various cryptocurrency payment methods, including ETH (Ethereum), LTC (Litecoin), UST (Tether), and BTC (Bitcoin).
Deriv P2P, also known as Deriv Peer-to-Peer, is a new platform developed by Deriv for traders to buy and sell financial assets directly with each other. Unlike traditional trading platforms that act as intermediaries between buyers and sellers, Deriv P2P facilitates direct transactions between its users. This platform is designed to offer traders greater flexibility, transparency, and control over their trades. With Deriv P2P, traders can access a wide range of financial assets, including cryptocurrencies, forex, and commodities, and trade them with other traders in a secure and efficient manner. Deriv P2P is a promising new platform that could potentially revolutionize the way traders buy and sell financial assets.
Overall, the range of deposit and withdrawal options offered by Deriv (Binary.com) is comprehensive and caters to the needs of a wide range of users. With its efficient processing and fast transaction times, Deriv (Binary.com) is a trusted platform for traders around the world.
Deriv (Binary.com) offers a range of useful trader tools that make it easier for traders to calculate important metrics and manage their trades more effectively.
One of the most popular tools is the margin calculator, which helps traders determine how much margin is required to open a position based on the size of the trade and the leverage used.
The swap calculator is also invaluable for traders who are holding positions overnight, as it allows them to calculate the cost or benefit of holding a position for a specified period of time.
Another important tool offered by Deriv (Binary.com) is the pip calculator, which helps traders determine the value of a pip for a given currency pair and trade size. This can be particularly useful for traders who are new to the forex market and want to better understand how changes in the exchange rate can impact their trades.
In addition to these basic calculators, Deriv (Binary.com) also offers a PnL (profit and loss) calculator for margin trading, which helps traders calculate their potential profits or losses for a given trade based on the amount of margin used. This can be especially useful for traders who are using leverage to increase their exposure to the market.
Finally, Deriv (Binary.com) also offers stop loss and take profit calculators for multipliers, which allow traders to set specific levels at which they want their trades to be automatically closed out. This can be a valuable risk management tool, as it helps traders limit their losses and lock in profits.
Overall, these trader tools are essential for anyone who wants to trade the forex market more effectively and with greater confidence.
EDUCATION & CUSTOMER SUPPORT
Deriv Binary.com offers a comprehensive education and customer support system that is designed to help traders of all levels succeed in the financial markets. The education system is designed to provide traders with the knowledge and skills they need to make informed trading decisions and manage their risk effectively.
The education system includes a range of resources, including video tutorials, webinars, eBooks, and a comprehensive knowledge base. These resources cover a wide range of topics, including trading strategies, risk management, technical analysis, and market news and analysis. The resources are designed to be accessible and easy to understand, so traders of all levels can benefit from them.
In addition to the education system, Deriv Binary.com also offers a range of customer support services to help traders with any questions or issues they may have. The support team is available 24/7 and can be reached via live chat, email, or phone. The team is made up of experienced professionals who can provide traders with personalized support and guidance on any trading-related matter.
Overall, the education and customer support system offered by Deriv Binary.com is designed to help traders achieve their financial goals and succeed in the fast-paced world of online trading. Whether you are a beginner or an experienced trader, the resources and support available can help you take your trading to the next level.
PROS & CONS
Deriv, formerly known as Binary.com, is a popular online trading platform that offers a range of financial products including binary options, forex, and cryptocurrency trading. As with any trading platform, there are pros and cons to using Deriv, which we will explore in more detail below.
Pros of using Deriv:
1. Wide range of financial products: Deriv offers a wide range of financial products, including binary options, forex, and cryptocurrency trading. This means that traders can diversify their portfolios and take advantage of different market conditions.
2. User-friendly platform: Deriv’s platform is user-friendly and easy to navigate, making it accessible for traders of all levels of experience. The platform is also available in multiple languages, which is ideal for traders from different parts of the world.
3. Low minimum deposit: Deriv has a low minimum deposit requirement, which makes it accessible to traders who are just starting out or who don’t want to risk a large amount of money. The minimum deposit varies depending on the account type, but it can be as low as $5.
4. Regulated broker: Deriv is a regulated broker, which means that it is subject to strict rules and regulations to ensure that it operates in a fair and transparent manner. This gives traders peace of mind that their funds are safe and that they are trading on a reputable platform.
Cons of using Deriv:
1. Limited educational resources: Deriv’s educational resources are limited compared to some other trading platforms. While there are some basic tutorials and guides available, traders may need to look elsewhere for more in-depth educational materials.
2. Limited trading tools: Deriv’s trading tools are also somewhat limited compared to other platforms. While there are some basic technical indicators and charting tools available, traders may need to use third-party tools to access more advanced features.
3. Limited customer support: Deriv’s customer support is available 24/7, but it can be somewhat limited in terms of the channels available. Currently, traders can only contact customer support via email, live chat, or phone.
4. High fees: Deriv’s fees can be relatively high, especially for traders who are making small trades. This is because the platform charges a commission on each trade, which can add up over time.
In conclusion, Deriv is a reputable and user-friendly trading platform that offers a wide range of financial products. While there are some drawbacks to using the platform, such as limited educational resources and high fees, overall it is a good choice for traders who are looking for a regulated and accessible platform.
IS Deriv (Binary.com) A LEGITIMATE Online Trading Platform?
Deriv (Binary.com) is a popular online trading platform that provides a range of financial instruments, including forex, stocks, commodities, and cryptocurrencies. With its user-friendly interface, comprehensive educational resources, and advanced trading tools, many traders wonder if Deriv Binary.com is a legitimate platform.
First and foremost, Deriv (Binary.com) is a regulated company. It is licensed and regulated by the Malta Financial Services Authority (MFSA), the Vanuatu Financial Services Commission (VFSC), and the Labuan Financial Services Authority (LFSA). These regulatory bodies ensure that Deriv (Binary.com)adheres to strict standards and guidelines, including customer protection, financial transparency, and fair trading practices.
Furthermore, Deriv (Binary.com) has a strong reputation in the trading community. It has been in operation since 1999 and has garnered a loyal customer base over the years. Its parent company, Binary Group Ltd., is a well-known player in the online trading industry, with a proven track record of providing quality services to traders.
In terms of security, Deriv (Binary.com) employs state-of-the-art security measures to protect its clients’ personal and financial information. It uses SSL encryption to secure all transactions and client data, and it stores all funds in segregated accounts to ensure that they are not mixed with the company’s operating funds.
Overall, Deriv (Binary.com) is a legitimate online trading platform that provides traders with a safe and reliable environment to trade financial instruments. Its regulatory licenses, strong reputation, and robust security measures make it a trustworthy platform for traders of all levels.
In conclusion, Deriv, formerly known as Binary.com, is a well-established and reputable online trading platform that offers a wide range of financial products to its clients. The platform is user-friendly and provides a variety of trading tools to enhance the trading experience. Additionally, the company is regulated by multiple financial authorities, ensuring the safety and security of its clients’ funds. Overall, Deriv is a reliable and trustworthy platform for traders of all levels.