General Risk Warning: Before deciding to participate in the Forex trading market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose.
There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
There are risks associated with utilizing an Internet-based trading system including, but not limited to, the failure of hardware, software, and Internet connection. Intro Forex Brokers is not responsible for communication failures or delays when trading via the Internet. Intro Forex Brokers employs backup systems and contingency plans to minimize the possibility of system failure, and trading via telephone is always available.
Any opinions, news, research, analyses, prices, or other information contained on this website are provided as general market commentary, and do not constitute investment advice. Intro Forex Brokers is not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Intro Forex Brokers Review has taken reasonable measures to ensure the accuracy of the information on the website. The content on this website is subject to change at any time without notice.
Trading tutorials and guides ,Webinars and online workshops ,Trading strategies and analysis ,Glossary of trading terms ,Trading psychology and risk management ,Market news and analysis
Languages
English
Tools Offered
MetaTrader 5, self exclusion (set limits on your own trading activities), pricing tables, flexible expiry times, early close.
Demo Account
Yes, unlimited
Pros
Regulated by reputable financial authorities in different jurisdictions
Offers a wide range of trading instruments including forex, commodities, stocks, and cryptocurrencies
Multiple account types and platforms to suit different trading styles and preferences
Free demo accounts for traders to practice and test strategies without risking real money
Multilingual support and educational resources for traders of all levels
Cons
Limited access for traders from certain countries, including the United States
No MT4 or MT5 platform support, which may not be ideal for some traders who prefer those platforms
Limited customer support options, with no phone support available
Some fees and charges may apply for certain account types or transactions, which may not be ideal for traders on a tight budget.
Binary options trading involve risk. Although the risk of executing a binary options open is fixed for each individual trade, it is possible to lose all of the initial investment in a course of several trades or in a single trade if the entire capital is used to place it.
Binary options trading involve risk. Although the risk of executing a binary options open is fixed for each individual trade, it is possible to lose all of the initial investment in a course of several trades or in a single trade if the entire capital is used to place it.
In this review, we'll take a closer look at Deriv, a forex and options trading platform, to see if it's a legitimate and trustworthy broker.
With so many brokers to choose from, it can be difficult to determine which ones are trustworthy and which ones are scams.
Deriv: A Diversified Multi-Asset Trading Platform
Founded in 1999, Deriv stands as a multi-asset trading platform within the Binary Group. Headquartered in Malaysia, the platform extends its presence across various global locations, including the UK, Malta, and Japan.
Deriv adheres to regulatory oversight from esteemed bodies such as the Malta Gaming Authority and the Labuan Financial Services Authority. Their core mission revolves around delivering a trading environment that's intuitive, adaptable, and dependable, catering to traders spanning diverse experience levels.
The platform boasts a comprehensive array of tradable instruments, featuring forex, commodities, and synthetic indices. Moreover, Deriv presents an assortment of trading options encompassing binary options, digital options, and forex options.
Setting itself apart, Deriv introduces an intriguing element through its range of synthetic indices—exclusive assets derived from real-world market movements. These unique synthetic indices not only offer an unconventional trading avenue but also enable traders to diversify their investment portfolios effectively.
Which Trading Platforms Are Available On Deriv.com?
Deriv.com offers several trading platforms to its clients. Here are the trading platforms available on Deriv.com
Deriv MetaTrader 5 (DMT5)
DMT5 stands for MetaTrader 5, which is a popular trading platform used by traders around the world. Deriv.com has customized the MetaTrader 5 platform to create Deriv DMT5, which is tailored to the needs of its clients.
Deriv DMT5 offers a wide range of features, including advanced charting, multiple order types, automated trading, and real-time market data. Traders can use the platform to trade a variety of financial instruments, including forex, stocks, commodities, and cryptocurrencies.
One of the key features of Deriv DMT5 is its support for automated trading. Traders can create and backtest their own trading algorithms using the MQL5 programming language. They can also purchase or rent pre-built trading robots from the MetaTrader Market.
Another key feature of Deriv DMT5 is its advanced charting capabilities. The platform offers over 80 technical indicators and 21 timeframes, allowing traders to analyze the markets in detail. Traders can also customize their charts with a range of drawing tools and chart types.
Deriv Metatrader 5
Deriv DBot
Deriv DBot stands as an automated trading platform providing traders with the capability to either design their own trading bots effortlessly using an intuitive drag-and-drop interface or utilize pre-existing bots from the platform's marketplace.
With DBot, traders harness the ability to automate their trading strategies, executing trades based on predefined rules and conditions. The platform offers an array of bots, encompassing trend-following, breakout, reversal bots, and more, catering to diverse trading preferences.
One of DBot's standout features lies in its user-friendly interface, eliminating the necessity for programming skills. Traders can construct their bots seamlessly by dragging and dropping trading blocks onto a visual canvas, configuring trading rules via a straightforward visual interface.
Moreover, the platform provides a collection of templates to assist traders in initiating their journey with ease.
DBot seamlessly integrates with Deriv.com's trading platform, enabling traders to execute trades directly from the platform. Additionally, it offers robust backtesting capabilities, enabling traders to assess bot performance using historical market data, providing insights into their potential effectiveness in real market conditions.
In essence, DBot serves as a potent tool, empowering traders to automate their trading strategies, execute trades based on preset conditions, and potentially enhance their trading experiences.
Deriv Dbot
Deriv X: Empowering Mobile Trading on the Move
Deriv X emerges as a dynamic mobile trading platform tailored for traders seeking seamless trading experiences on their mobile devices. Accessible on both iOS and Android, it furnishes traders with an array of features ensuring continuous connectivity to the financial markets.
One of its pivotal attributes lies in its provision of real-time market data. Traders gain access to live market updates across various financial instruments, spanning forex, stocks, commodities, and cryptocurrencies. Moreover, the platform facilitates setting price alerts, enabling timely notifications when preferred assets hit specified price levels.
The platform boasts advanced charting capabilities, facilitating in-depth market analysis. Offering diverse chart types, drawing tools, and an extensive repertoire of over 80 technical indicators, traders can customize their charts to align with their unique preferences.
An additional standout feature encompasses its comprehensive order management tools. Traders can conveniently place and oversee their orders directly through the platform, encompassing market orders, limit orders, and stop orders. Moreover, they can monitor open positions and review their trading history effortlessly.
In essence, Deriv X stands as a robust mobile trading platform, serving traders with an assortment of features to maintain their market connectivity. Its real-time market data, advanced charting tools, and proficient order management capabilities render it a favored choice among traders seeking on-the-go trading solutions.
Deriv SmartTrader
Deriv SmartTrader is a web-based trading platform. It is designed to be easy-to-use and accessible for traders of all skill levels, including beginners. SmartTrader is entirely web-based, meaning traders do not need to download or install any software to use the platform.
The platform offers a range of charting tools and indicators, allowing traders to analyze the markets in detail. SmartTrader also offers a range of order types, including market orders, limit orders, and stop orders, giving traders flexibility in how they execute their trades.
Deriv SmartTrader is a user-friendly trading platform that is designed to be accessible for traders of all skill levels. Its range of tools and features, combined with its educational resources, make it a popular choice among beginner traders.
Deriv Binary Grid
Deriv Binary Grid is an advanced trading platform offered by Deriv.com. It is designed specifically for binary options trading, a type of financial derivative that allows traders to speculate on the price movements of underlying assets.
Binary Grid is a web-based platform that offers a range of advanced features for binary options trading. One of the key features of Binary Grid is its ability to create custom trading grids. Traders can create their own grids, specifying the strike prices and the payout percentages for each option. This allows traders to create customized trading strategies to suit their preferences.
Binary Grid also offers a range of risk management tools, including the ability to set stop-loss and take-profit levels for each trade. Traders can also monitor their open positions and view their trading history.
Overall, Deriv Binary Grid is a powerful trading platform that offers a range of advanced features for binary options trading. Its ability to create custom trading grids and its real-time market data make it a popular choice among experienced traders who are looking for advanced trading tools.
How to Trade on Deriv Using the MT5 Platform: A Step-by-Step Guide
In this article, we will provide a step-by-step guide on how to trade on Deriv using the MT5 platform, so you can start making informed trades and take your trading to the next level.
Step 1: Log in to your Deriv account using your credentials.
Step 2: Click on the “Accounts” tab on the top left corner of the screen and select the account you want to trade from. Remember to fund your account before start trading.
Step 3: Select the “MT5 Synthetic” option from the dropdown menu on the right side of the screen.
Step 4: On the left-hand side of the screen, you will see a list of financial instruments. Click on the instrument you want to trade.
Step 5: Once you have selected the instrument, the chart will appear in the middle of the screen. You can customize the chart by selecting different timeframes, adding indicators, and drawing tools.
Step 6: To open a trade, click on the “Trade” tab at the bottom of the screen and select “New Order”.
Step 7: In the “New Order” window, select the trade size, the direction of the trade (buy or sell), and any stop-loss or take-profit levels you want to set. You can also choose the type of order you want to use (market or pending).
Step 8: Once you have entered all the necessary details, click on the “Sell” or “Buy” button to open the trade.
Step 9: You can monitor your open trades by clicking on the “Trade” tab at the bottom of the screen and selecting the “Positions” option. Here, you can see your current trades and modify or close them as needed.
That's it! With these simple steps, you can start trading on Deriv using the MT5 platform. Make sure to always practice responsible trading and manage your risk carefully.
Insight of Trading on Deriv
Pros and Cons of Trading with Deriv
Advantages of Trading on Deriv
Deriv.com stands as a favored online trading platform globally, offering traders a host of advantages:
Diverse Financial Instruments: Deriv presents a broad array of financial instruments spanning forex, commodities, cryptocurrencies, and more, enabling portfolio diversification and leveraging various market opportunities.
User-Friendly Platforms: The platform offers accessible and user-friendly trading interfaces like the MT5 platform, DTrader, and DBot. These platforms cater to traders of all levels, combining simplicity for beginners and advanced features for experienced traders.
Competitive Trading Conditions: Deriv boasts competitive trading conditions, featuring low spreads, high leverage, and rapid execution speeds, empowering traders to optimize profits while minimizing costs.
Stringent Regulation: As a regulated broker adhering to strict standards, Deriv ensures traders' fund security, instilling a sense of trust and confidence among its user base.
Educational Resources: Deriv provides a rich array of educational resources, including webinars, tutorials, and guides, fostering trader skill enhancement and keeping them abreast of market trends.
Drawbacks of Trading on Deriv
However, there are some potential downsides to consider:
Limited Asset Selection: While offering diverse financial instruments, the asset range might be perceived as limited compared to other brokers, potentially restricting some traders seeking broader asset diversity.
Market Maker Model: Operating as a market maker may result in wider spreads and less competitive pricing for certain instruments, as quotes originate from Deriv's platform rather than direct market sources.
Charting Tool Limitations: Despite offering technical analysis tools, Deriv's charting capabilities might feel limited for traders accustomed to more comprehensive charting features on other platforms.
Restricted Payment Options: Deriv provides a limited set of payment methods, which might inconvenience traders preferring certain payment channels.
Customer Support Limitations: Some users have reported slow responses and limited support options, despite Deriv offering customer assistance through email and live chat.
Final Thought
Deriv is a regulated online forex and CFD broker that offers a range of trading products and services to clients worldwide. With its user-friendly trading platforms, extensive range of markets, and flexible payment options, Deriv is an attractive option for both novice and experienced traders. Overall, Deriv is a reliable and trustworthy broker that is worth considering for anyone looking to trade forex and CFDs.
FAQ
Q: What is Deriv?
A: Deriv is an online forex and CFD broker that offers a range of trading products and services to clients worldwide.
Q: Is Deriv a regulated broker?
A: Yes, Deriv is regulated by the Malta Financial Services Authority (MFSA) and the Labuan Financial Services Authority (LFSA).
Q: What trading platforms does Deriv offer?
A: Deriv offers three trading platforms: DTrader, DBot, and DMT5. DTrader is a user-friendly platform designed for forex and CFD trading. DBot is a platform for automated trading using customizable trading bots. DMT5 is a more advanced platform with advanced charting tools and features.
Q: What markets can I trade with Deriv?
A: Deriv offers a range of markets to trade, including forex, commodities, cryptocurrencies, and stock indices.
Q: What is the minimum deposit to open an account with Deriv?
A: The minimum deposit to open an account with Deriv varies depending on the account type and payment method. The minimum deposit is generally $5 for e-wallets, $10 for credit/debit cards, and $50 for bank transfers.
⚠️ Risk warning: Deriv offers complex derivatives, such as options and contracts for difference (“CFDs”). These products may not be suitable for all clients, and trading them puts you at risk. Please make sure that you understand the following risks before trading Deriv products: a) you may lose some or all of the money you invest in the trade, b) if your trade involves currency conversion, exchange rates will affect your profit and loss. You should never trade with borrowed money or with money that you cannot afford to lose.
Before starting to trade, never invest too much money in one trade and always follow the rules of risk management. Focus on long-term profits instead of short-term trading. To make the right decisions, always follow financial news and events. It is necessary to create a clear trading plan and strategy and stick to it. Use technical analysis tools to support decision making. Focus on the difference between return and risk instead of just focusing on profit.
Avoid emotional pressure when trading and stay relaxed and patient. In addition, learn and constantly improve your skills and knowledge of Forex trading to achieve success in the field.
The above notes will help you get the best results when participating in forex trading and ensure that you minimize your risks and maximize your profits.
