deriv

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Deriv's story began in 1999, the year Regent Markets was founded by an entrepreneur in partnership with a financial mathematician to develop algorithms for the world's first fixed-odds trading system for retail investors. 2000 saw Regent Markets' first office in Malta, where it acquired its first binary options. In 2001, Regent Markets launched BetOnMarkets.com, the first platform to offer binary options to retail traders. In 2004, Regent Markets opened a second office in Malaysia, and in 2013, BetOnMarkets.com was renamed Binary.com. The new brand can offer more features and market ranges. In 2005, the Malta Financial Services Authority (MFSA) granted Binary.com a Class III investment services license, authorizing Binary.com to offer investment services to EU investors. Binary.com added CFDs, a popular form of derivatives trading used by retail traders in 2016. In 2018, Binary.com opened its third office in Labuan, Malaysia, and in 2019, it opened offices in Dubai and Paraguay. Deriv.com continues its global expansion with the opening of offices in Cyprus and Rwanda, as well as two new offices in Ipoh and Malaysia.

Here is the home page of this brokers official site:

As for regulation, it has been verified that Deriv holds suspicious clone Malta Financial Services Authority - MFSA, Vanuatu Financial Services Commission - VFSC, and the British Virgin Islands Financial Services Commission - FSC licenses. That is why its regulatory status on WikiFX is listed as “Suspected Fake Clone” and receives a relatively low score of 1.43/10. Please be aware of the risk.

Note: The screenshot date is January 16, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Market Instruments

Deriv offers traders 100+ tradable assets, including forex, stocks & indices, cryptocurrencies, commodities, and derived.

Account Types

Apart from free demo accounts, Deriv offers three types of trading, CFDs trading, options trading, and multipliers trading.

CFDs trading: A CFD (contract for difference) allows you to trade on the price movement of an asset, without buying the underlying asset.

options trading: Options are products that allow for payouts from predicting market movements, without needing to buy the underlying asset.

multipliers trading: Deriv multipliers combines the upside of leverage trading with the limited risk of options.

Leverage

Deriv offers flexible leverage up to 1:1000. This allows users to take larger position sizes by putting down a small deposit, known as margin, to increase potential returns. Margin requirements and leverage levels vary depending on the account and jurisdiction you register an account from.

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Trading Platform Available

Deriv offers traders a choice of 8 trading platforms, including Deriv GO, Deriv MT5, DTrader, Deriv X, DBot, SmartTrader, Binary Bot, and API. The MT5 is highly praised by traders and brokers alike due to its ease of use and great functionality, offering top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.

Trading Hours

Trading at Deriv.com is available 24/7, following respective market operating hours. With that said, weekend trading usually sees a reduction in volume, resulting in less competitive spreads.

Deposit & Withdrawal

Deriv accepts deposits and withdrawals from traders' investment accounts via online banking, credit/debit cards, e-wallets and cryptocurrencies. The minimum initial deposit requirement is said to be just $5. The broker says to process all deposits and withdrawals within 1 day, however, withdrawals may take up to 15 working days to reflect on your card.

Fees

Additionally, an unspecified dormant fee may be charged to accounts inactive for 12 months.

Customer Support

Customer support is available 24/7 through:

Telegram, Email: marketing@deriv.com

Help Centre – The self-service portal can assist with a range of queries, from account questions to platform issues.

Live Chat – Live chat support is now available direct from the website.

You can also follow this broker on social networks such as Twitter, Facebook, Instagram, YouTube and LinkedIn.

Company address: Level 3, W Business Centre, Triq Dun Karm, Birkirkara, BKR 9033.

Pros & Cons

Frequently Asked Questions (FAQs)

spreadex

General Information& Regulation

Spreadex was established back in 1999 and focused on a financial trading service providing, as well spread betting and sports betting, through its maintained office in London. Spreadex first moved into the online market in 2006 when it launched its website. Spreadex is regulated by the Financial Conduct Authority (FCA, registration number 190941) in relation to the spread betting services it offers. For the fixed-odds sports betting services, it is regulated by the UK Gambling Commission (UKGC).

Market Instruments

SpreadEx claimes itself a multi-asset platform with 15000+ tradable Assets, and tradable assets available on SpreadEx include Forex, CFDs, and spread betting.

Minimum Deposit of Spreadex

There seems only one single account available for all traders, which is the standard account. To open a real account just with the minimum deposit of $1, which sounds a good opportunity for most traders to get started.

Leverage of Spreadex

In term of the Leverage levels, being a UK brokerage firm the broker thus obliged towards its restrictions and on how the company should operate. Therefore, the maximum offering available for retail traders goes to 1:30 for major currency pairs and lower for other instruments. As for the professionals, they may access higher leverage ratios once the status is confirmed, along with specified conditions towards spread betting and trading service Spreadex may provide.

Spreads & Commissions of Spreadex

When it comes to spreads, they are variable, meaning that they can fluctuate throughout the day depending on volatility. Major currency pairs have very low spreads, EURUSD 0.6 pips, GBPUSD 0.9 pips, while spreads for minor and exotic currency pairs are comparable to most other brokers in the space. With all markets apart from shares, the fee is simply the spread between the buy and sell price. For shares, there is an interest rate charge applied to the total value of your stock. This is typically 1.25%, though it can increase to 1.5% when dealing with smaller stocks and those with less liquidity.

Trading Platforms of Spreadex

SpreadEx does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms. SpreadEx offer an in-house custom trading platform developed and tested in house instead. The SpreadEx trading platform allows traders to track their portfolios, track the current markets, locate trade ideas and place trades. Actually, it can be a pity for Spradex, such a big brokr, doesn't provide widely used MT4 & MT5 trading platfroms.

Deposit & Withdrawal

Spreadex only offers credit/debit cards, wire transfers and cheques. No other methods can be used to make deposits or withdrawals. So, the payment methods for Spreadex are a little more limited than other brokers.

Customer Support

Traders have access to a number of different service options depending on what their issue is. Spreadex splits its customer support sections according to the different services it offers. The first port of call is Spreadexs FAQ section. This makes it easy for users to get an answer to their issue almost instantly. There are also email addresses on offer if an issue requires a long-form description.