Deriv Review : Is Good Forex Broker Or Not ? 2023 Pro Or Cons Latest Updated

Hello Wootfi.com Visitors Today We Covered Deriv Review . Please Read Our All review to know more about Deriv Broker .

About Deriv

Deriv is one of the world’s largest online brokers. We offer CFDs and other derivatives on forex, stocks & indices, cryptocurrencies, commodities, and derived to millions of registered users across the globe.

From inception, our goal was to break free of the high commissions and clunky products offered by traditional brokers. Also, we aim to deliver a first-class experience to digitally inclined traders, regardless of the size of their accounts.

In a journey spanning more than 22 years, we have grown to over 2.5 million customers worldwide. But our mission has remained the same.

Deriv at a glance

How To Create Account At Deriv

To create an account at Deriv, follow these steps:

1. Go to the Deriv website at www.deriv.com.
2. Click on the “Sign up” button located on the top right corner of the homepage.
3. Fill in the registration form with your personal details such as your name, email address, phone number, and password.
4. Choose your account currency and select your country of residence.
5. Read and accept the terms and conditions, privacy policy, and risk disclosure documents.
6. Click on the “Create Account” button to submit your registration.
7. You will receive a verification email from Deriv. Click on the verification link in the email to activate your account.
8. Once your account is activated, you can log in to the Deriv platform and start trading.

Deposits

Payment options include:

• Bank wire transfer – Minimum deposits start at $5 with most payments processed within one working day
• Credit/debit cards – Visa, Mastercard and Maestro can be used with minimum deposits starting at 10 USD/GBP/EUR/AUD. Deposits made via credit and debit cards are processed instantly
• E-wallets – Skrill, Neteller, Paysafecard, and WebMoney are all available, amongst others. Minimum deposits start at 5 of your base currency and are processed instantly

Deriv does not charge fees for making deposits.

Withdrawals

You can withdraw funds from your Deriv.com account using all of the deposit payment options.

Depending on the provider, bank withdrawals start at 5 of your base currency and are processed in one working day.

The minimum withdrawal via debit/credit cards is 10 of your base currency and is processed in one working day. Note, MasterCard and Maestro are only available to UK traders.

To withdraw funds using an e-wallet, you will need to withdraw at least 5 of your base currency which will be processed within one to two working days.

As with deposits, traders aren’t charged any fees to withdraw profits. This makes Deriv one of the most accessible and cost-effective brokers to make deposits to and withdrawals from.

Regulation & Licensing

Our experienced traders felt confident utilising Deriv.com because it is a reliable broker that is licenced in several countries. Deriv is governed in the EU by the Malta Financial Services Authority (FSA).

The broker holds licences from both the British Virgin Islands Financial Services Commission and the Vanuatu Financial Services Commission (FSC) for traders outside of the EU (FSC). Deriv.com is additionally governed by Malaysia’s Labuan Financial Services Authority (FSA).

Customers have negative balance protection in accordance with licencing requirements, meaning they can only lose as much as their initial investment. Also, the broker’s capital and trader funds are kept apart.

Financial services compensation plans are also in place to make customers whole in the event that the broker fails. Take note of the sum covered by financial services.

Trading Tools & Platforms

DMT5

The platform is simple to use but has a lot of features because it integrates MT5 and the associated analysis and research tools. It offers excellent potential for CFD traders of all skill levels.

Since it is completely customizable, traders can build up charts or trading regions whatever they choose. It is possible to have multiple trade windows active at once or to detach individual windows and move them around as needed.

The platform boasts over 70 assets, and this list is constantly expanding. Asset lists are simple to locate and navigate.

Furthermore provided is flexible leverage up to 1:1,000. A variety of trade sizes, ranging from micro-lots to 30 regular lots, are also offered.

DTrader

DTrader This platform’s customization options include 50+ traded assets and a simple user interface.

With the use of technical indicators and widgets, charts can be modified to suit the demands of traders.

Moreover, trade types can be specified. Position sizes start at $0.35, and trade durations range from one second to 365 days. Furthermore, potential returns reach 100%.

The DTrader platform is a fantastic advancement in trading platforms that guarantees the best possible user experience.

High Grade Features Which Offer By Deriv

Proven track record

Deriv Group – the owners of the Deriv and Binary.com brands – has a history that dates back to 1999 when we laid the groundwork for the world’s first fixed-odds trading service. Since then, we have grown from strength to strength, garnering the trust of traders around the world.

Licensed and regulated

Deriv is regulated by several entities including the Malta Financial Services Authority (MFSA), the Labuan Financial Services Authority (Labuan FSA), the Vanuatu Financial Services Commission (VFSC), and the British Virgin Islands Financial Services Commission.

Client money protection

Deriv does not use your money for its business interests and you are allowed to withdraw your money at any time. All your money is segregated and held in secure financial institutions. In this way, in the unlikely event of Deriv becoming insolvent, all your money will be returned to you because it is never merged with ours.

Risk awareness and management

Online trading is exciting but involves risks and can lead to an addiction. At Deriv, we look out for our customers’ best interests and encourage them to practise secure and responsible trading. If you are new to this, you can also practise trading with unlimited virtual funds before you risk your money.

Help when you need it

The Deriv support team is available via live chat 24/7 – even on weekends. You can also find answers at Help centre and get help from fellow traders in Community.

Customer-first trading experience

Deriv makes it easy for anyone to start trading, understand risk, and make better trading decisions. Our tools and platforms have clear and simple instructions and are intuitively easy to navigate. We also regularly provide market news, analysis, webinars, ebooks, video tutorials and help centre articles to help you stay informed and become a better trader.

Your safety, priority

At Deriv, they enforce best-in-class security measures such as SSL encryption to protect your account and personal data.

Pros & Cons Of Deriv

Pros

• 100+ assets
• 1:1000 leverage
• Payouts of 100%+
• Free demo account
• Low $5 minimum deposit
• Choice of investing platforms
• Multi-regulated online brokerage
• Live 24/7, including the weekends
• Extended trading up to 18 hours a day
• Multipliers to increase potential profits

Cons

• Limited sign-up bonuses and on-going promotions
• Limited social and copy trading functionality

Deriv Review Conclusion

Deriv.com is the latest evolution of the hugely popular Binary.com. Traders can choose between several platforms to suit individual trading styles and objectives.

It’s quick and easy to deposit funds and withdraw profits. Plus, users benefit from signing up with a reputable company licensed in multiple jurisdictions. Live signals and flexible multipliers also make Deriv a beginner-friendly trading broker.