Deriv

Overview of Deriv

Deriv, a trading platform established in the last 2-5 years and situated in Malta, operates without specific regulatory oversight. Despite being unregulated, the platform has gained popularity by offering users access to over 30 cryptocurrencies for trading.

With fees ranging from 0.20% to 1%, Deriv provides competitive pricing for its services. Users can conveniently fund their accounts through various payment methods, including Credit & debit cards, Online banking, Mobile payments, E-wallets, Cryptocurrencies, On-ramp Off-ramp, Voucher, and Deriv P2P.

Pros and cons

Trading Platforms

Deriv presents a diverse ecosystem of trading platforms tailored to meet the varied needs and preferences of traders.

At the forefront is Deriv MT5, renowned as the most popular and comprehensive CFDs platform, offering a versatile array of financial instruments.

For those who prioritize user-friendly and customizable interfaces, Deriv X provides a personalized CFDs platform, allowing traders to adapt the experience to their unique strategies.

Deriv cTrader stands out for its speed and efficiency, incorporating built-in copy trading for a social trading dimension.

SmartTrader simplifies options trading with easy navigation, while Deriv Trader, as the flagship platform, offers a sophisticated environment for options, accumulators, and multipliers trading.

On the go, Deriv GO provides a mobile app specifically crafted for multipliers trading.

For automated trading strategies without the need for coding, Deriv Bot offers a solution, while Binary Bot caters to binary options trading with intuitive navigation.

This comprehensive suite of platforms ensures that traders of all levels and preferences can find an ideal solution within the Deriv trading ecosystem.

Deriv APP

Deriv offers a mobile application called “Deriv GO,” which is available on both Google Play for Android users and the App Store for iOS users. Deriv GO is designed to provide a convenient and user-friendly mobile experience for traders and investors using the Deriv platform.

Deriv GO, designed for mobile devices, allows quick access from home screens and offers features optimized for smartphones like touch functionality. In contrast, the webpage is accessible on various devices through web browsers, providing a more extensive experience but lacking some mobile optimizations.

When it comes to offline access, the app stands out by allowing users to use certain features without the internet, while webpage access generally requires a stable connection. Lastly, in terms of user interface, the app is tailored for smaller screens with touch interactions, while the webpage has a layout designed for a broader range of devices. Ultimately, the choice depends on individual preferences, device usage, and the desired features for an optimal trading experience.

Download the apps:

On Google Play (Android):

Open the Google Play Store on your Android device.

In the search bar, type “Deriv GO” and press Enter.

Locate the official Deriv GO app in the search results.

Tap on the app, and then click on the “Install” button to download and install it on your device.

On the App Store (iOS):

Open the App Store on your iOS device (iPhone or iPad).

In the search tab, enter “Deriv GO” and press Search.

Find the official Deriv GO app in the search results.

Tap on the app, then click on the “Get” button to download and install it on your iOS device.

Cryptocurrencies Available

Deriv provides access to a diverse array of over 30 cryptocurrencies, catering to the evolving landscape of digital assets. Among the available options are prominent cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). The selection extends to altcoins such as EOS (EOS), Cardano (ADA), Solana (SOL), and Dogecoin (DOGE), offering a range of options for traders seeking varying market exposures. Other offerings include Polkadot (DOT), Avalanche (AVAX), Binance Coin (BNB), and more.

How to open an account？

The registration process for Deriv can be described in the following steps:

1. Visit the Deriv website and click on the “Sign Up” button.

2. Fill in your email address and choose a password for your account.

3. Verify your email address by clicking on the verification link sent to your email.

4. Provide your personal information, such as your name and date of birth.

5. Complete the identity verification process by submitting the required documents, such as a copy of your ID or passport.

6. Once your identity is verified, you can start using your Deriv account to trade cryptocurrencies and access other features provided by the platform.

Fees

The taker fee and maker fee of Deriv depend on the type of account you have and the trading volume you generate. Here is a table of the taker and maker fees for Deriv:

It is important to note that these are just the standard fees. Deriv may charge additional fees for certain products or services. You can also get a discount on the taker and maker fees if you hold a certain amount of Deriv's native token, DVC. Here is a table of the DVC discount:

Payment Methods

Deriv, as a versatile trading and investment platform, accommodates a diverse range of payment methods to suit the preferences and needs of its users.

Users can opt for the traditional convenience of Credit and Debit Cards, allowing direct deposits and withdrawals.

Visa and Visa Electron support deposits and withdrawals in multiple currencies, including USD, EUR, AUD, and GBP, with minimum and maximum limits specified. Transactions with these methods are processed instantly for deposits and within one working day for withdrawals. Mastercard and Maestro are also accepted, with similar deposit limits, but Mastercard doesn't support withdrawals. Diners and Discover, both limited to USD, have specified deposit and withdrawal ranges, and their transactions follow an instant processing time for deposits and 1 working day for withdrawals.

Is Deriv a Good Exchange for You？

Deriv is the best trading platform for traders who value a diverse range of financial instruments. Its comprehensive offering, including over 30 cryptocurrencies, forex, options, and more, caters to traders seeking variety and versatility in their trading activities. The platform's extensive range of tradable assets positions it as an optimal choice for those looking to explore and diversify their investment portfolio across different markets.

Here are some other types of traders who might be drawn to Deriv for various reasons:

Derivatives enthusiasts: Deriv offers a wide range of options and synthetic products beyond typical forex pairs, appealing to those who enjoy complex derivative strategies.

Hedgers: Advanced tools like one-click rolling over and hedging positions within the same platform can attract traders seeking risk management options.

Automated traders: Deriv's API and tools for developing trading bots cater to programmers and automated trading enthusiasts.

Cost-conscious traders: Low fees and a competitive commission structure could be attractive to traders looking for budget-friendly options.

Mobile traders: Deriv's mobile app with full functionality allows for on-the-go trading, appealing to active traders who value mobility.