Full review of Deriv (Binary.com) broker 2021 – everything about trading CFDs and binary options on this platform.

Deriv is one of the oldest brokers to offer binary options trading. They started activity back in 2000 (1999) and set trends for many companies.

You can leave a review about Binary com (Deriv) if you have traded with it.
Deriv Total Score
3.5
Reliability & Safety
3.5
Trading platforms & Tools
3
Trading offers
2.7
Spreads & Commissions
3.2
Mobile app
4.4
Deposit & Withdrawal
1
Research & Education
Reviewer 3 / 5
Users (0 votes) {{ reviewsOverall }} / 5

In 2020, the company is rebranding, the official website and broker Binary com will soon completely change their name to Deriv com. This broker can definitely be called reliable and safe, he accurately withdraws funds on request. But is everything so good with him?

deriv (binary com) broker review

This broker can definitely be called reliable and safe, he accurately withdraws funds on request. But is everything so good with it?

Deriv official website, trading conditions and registration

Official sitehttps://www.binary.com
https://www.deriv.com
Year of foundation2000 (1999)
Regulated byMFSA, Labuan FSA, BVI FSC, VFSC
Trading instruments100+ assets
Forex, CFDs, digital and binary options on currencies, stock indices, commodities, synthetic indices
Average and maximum profitability of BO80%-90%, up to 2000% for some types of options
Options expiration time5ticks – 365d
Most popularDeriv in Zimbabwe, Botswana, Togo, Namibia, Lesotho, Benin, Burkina Faso, South Africa, Eswatini, Tanzania
Provision of services in the US, UK, Canada, European Economic Area The European Economic Area and UK
The US and Canada.
Min. trade size$ 0.5
LeverageUp to 1:100 for forex (Financial STP account),
Up to 1:1000 for CFDs, forex, cryptocurrencies
Account typesReal account (BO), Synthetic account MT5, Financial account MT5, Financial STP account MT5
Minimum deposit$ 5
Minimum withdrawal$ 5
Deposit & withdrawal methods8+
Payment Fees
Trading hours24/7 (Synthetic indexes on weekends)
Trading platformsDTrader, DBot, SmartTrader, MT5
Mobile App
Demo
Copy Trading
AT/Robots
Bonus
Affiliate program

Registration (Sign Up) with Deriv broker is very simple. To do this, you just need an email and come up with a password. Registration must be confirmed by email. To enter Deriv you can use your Google or Facebook account.

Review of Deriv.com from traders

Real reviews of traders Deriv (Binary com) are not so difficult to find. In general, all positive reviews boil down to the fact that the broker withdraws funds. Sometimes they complain about the difficult verification when withdrawing funds (money), but now most brokers ask for various confirmations of identity and addresses when making payments for security purposes.

Deriv review from a trader.

deriv review from traders 1

Almost all negative real reviews of Binary com (Deriv com) traders indicate sharp price changes before opening and closing, as well as platform delays and freezes. All this leads to the fact that traders lose their deposits.

Deriv review from a trader, where he claims that this is a scam broker.

deriv review from traders 2

Feedback from traders is a good way to learn about the advantages and disadvantages of the platform. But it is important to understand that not all of them are real, more than half of them are often paid and fake.

Feedback on trading with Binari com can be sent to admin@besttradingreview.com

Looking ahead, it should be said that with a detailed review and trading on Binary com (Deriv com), all of the above is confirmed.

is Deriv regulated and reliable or scam broker?

Deriv is a holding company that provides its services in most countries of the world through subsidiaries.

  • In the EU, financial products are provided by Deriv Investments (Europe) Limited. The company is located at W Business Center, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta and is regulated by the Malta Financial Services Authority as a Category 3 Investment Services Provider (license number IS / 70156).
  • Outside the EU, financial products are provided by Deriv (SVG) LLC, Hinds Building, Kingstown, St. Vincent and the Grenadines; Deriv (V) Ltd, Govant Building, Port Vila, PO Box 1276, Vanuatu, regulated by the Vanuatu Financial Services Commission (see license);
    Deriv (BVI) Ltd, Kingston Chambers, P.O. Box 173, Road Town, Tortola, British Virgin Islands, regulated by the British Virgin Islands Financial Services Commission (license number SIBA / L / 18/1114);
    And also Deriv (FX) Ltd., Lot No. F16, First Floor, Paragon Labuan, Jalan Tun Mustapha, 87000 Labuan, Malaysia, regulated by the Labuan Financial Services Authority for brokerage (license number MB / 18/0024).

The broker does not hide legal information and shows everyone their licenses of regulators. Each of Binary’s subsidiaries has regulation. While most of these regulators don’t inspire confidence, the broker’s reliability is high enough. Deriv has no problems with withdrawing funds. Deriv is not a scam broker.

Trading platform for digital and binary options SmartTrader

The broker has several trading platforms that have different purposes.

  • SmartTrader is designed to trade digital and binary options;
  • DTrader (Deriv) is a new main trading platform after rebranding in Deriv com, designed to trade digital and binary options and CFDs;
  • DBot (former Binary Bot) – a trading bot (robot) for trading automation;
  • DMT5 is the Metatrader 5 (MT5)terminal from Deriv for Forex and CFD trading.

A few words about the outdated SmartTrader trading platform.

binary com broker mt5 platform

This platform is not the most convenient for several reasons:

  • To see the full graph, you have to greatly reduce the browser scale.
  • The location of the main trading panel, which is located above the chart, also causes discomfort.
  • You cannot see several trading assets at the same time, and when choosing an asset, the profitability is not indicated.

The profit on assets is not indicated due to the fact that it changes almost every few seconds, and it is different for buying and selling. It seems that Deriv (Binary com) rely on their signals and, depending on this, set the profit on assets in real time.

The good news is that the profits on options are very high. It is impossible to accurately track all assets at the same time, but most often the average income on classic options is in the region of 75-85%, and the maximum is about 95-97%.

Deriv.com offers a large selection of different types of digital and binary options, there are more than 6 varieties of them. The yield on some options reaches 2000%, but their chance of a successful outcome is practically zero. Each of them has a detailed description on the site.

The broker offers a huge number of expiration periods (from 5 ticks to 1 year), chart timeframes (13) and trading indicators (115+!) For short-term and long-term trading and analysis.

A significant drawback is the presence of delays when opening and closing options, and sometimes there are “suspicious sharp jumps” of the asset right before closing a position. This is confirmed by numerous reviews of traders.

Deriv trading platform (DTrader) and MT5

Deriv (DTrader) is the second proprietary platform from the broker. It seems that the broker has taken into account all the shortcomings and fixed all the inconveniences except one.

Deriv Dtrader trading platform

The trading platform has left the main problem – lags, delays and sharp jumps in the asset. It is impossible to say for sure whether this was done on purpose by the owners of Binaric in order to drain the deposits of traders, or if this is a technical blunder of the creators. Only the broker himself knows the answer to this question, and traders are trying to earn money despite these imperfections.

In addition to many different types of options, DTrader added the ability to trade CFDs by choosing a multiplier from x20 to x1000, which depends on the type of asset. There are only 22 trading indicators on the Deriv platform so far.

Trading on weekends is possible only on synthetic indices and they have the highest yield of 95-97% for buying and selling. These are over-the-counter assets, and quotes for them are “drawn” by Binary themselves, so it is better to refrain from trading on these assets, despite the high yield.

The DMT5 (Deriv MT5) trading platform is used for Forex and CFD trading. This is a classic MT5 terminal with its advantages and disadvantages, which can be downloaded to any device or opened in a browser.

Deriv MT5 review trading platform

There are very few assets for Forex and CFD trading compared to other brokers. The spread on assets is at an average level, but on minor trading assets it sometimes soars to huge values (more than 300-500 points). Such spreads in conjunction with the stop-out level of 50% and 75% can very easily lead to the loss of the deposit, even with risk management.

Conditions for Forex and CFD trading at Deriv (Binary com) are bad.

Deposit and withdrawal of funds

The minimum deposit and withdrawal of funds for e-wallets is $ 5, for credit and debit cards $ 10.

Deriv’s deposit and withdrawal methods differ for each country. Basic methods: Credit cards, Jeton Wallet, WebMoney, AirTM, Perfect Money, Skrill, Neteller, FasaPay. In general, Deriv has about 24 payment methods.

Deriv has a payment agent in case all deposit and withdrawal methods are not supported. A payment agent is authorised to process deposits and withdrawals for you if your local payment methods or currencies are not supported on Deriv.

Withdrawing funds from the Binari com broker is its greatest strength. For Binary traders, withdrawal of funds will not cause headaches and fear for their money. The only “test” for payments can be the initial verification.

Withdrawing funds from Deriv broker is fast and reliable. For Binary traders, withdrawal of funds will not cause headaches and fear for their money. The only “test” for payments can be the initial verification.

Verification is becoming a prerequisite for withdrawing funds from many brokers. In addition to confirming your identity and card, you may also need a bank statement or payment receipt that will confirm your address.

After verification, payment is made quickly, usually within a few hours, up to a maximum of 3 business days.

Final review and conclusion about Deriv com

As a result, we review the advantages and disadvantages of the Deriv broker.

Pros

Reliable and safe broker, has been operating since 2000. Each holding company is regulated
Low minimum amount of trade ($ 0.5), deposit ($ 5) and withdrawal ($ 10)
Very high average and maximum profit on options
Large selection of different types of options (6+), chart periods (12+) and trading indicators
Many expiration dates for fast and long-term trading (5 ticks – 365 days)
Free demo account
Deposit and withdrawal of funds without fees
Large selection of trading platforms for PC and mobile devices

Cons

Frequent delays, lags, sharp jumps in the asset when opening and closing positions
Bad trading conditions for Forex and CFD trading
No loyalty programs (bonuses, account privileges) and tournaments
Trading binary options on weekends only on synthetic indices (OTC assets)

A detailed review of Deriv (Binary com) shows the possibility of considering it for trading digital and binary options.

The broker is a “veteran” of the digital & binary options industry and many are trying to match him. Good trading conditions for options trading and unconditional withdrawal of funds are the main advantages of a broker.

It is worth noting the downside – this is the imperfection of the platform and the lack of interesting offers for traders. Lags and sharp movements of an asset before closing a position raise suspicions of Binary’s honesty among traders, and the absence of various stocks and loyalty programs reduces its competitiveness. It is also worth noting that this will not be the best choice for Forex and CFD trading.

Now Binary.com is rebranding, and it is hoped that after it the quality of the services provided will become even higher.

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