Deriv.com

The Deriv broker (formerly known as BetOnMarkets.com and later as Binary.com) started its work in the binary options market in 1999, and it is one of the leading brokers today. In 2020, Binary.com rebranded to Deriv as part of an effort to modernize its platform and expand its offerings. Over the years, with the release of many trading tools designed to simplify and reduce the risks of the highly volatile field of binary options, Deriv is not lost among the huge number of brokers. Moreover, it is one of the leading brokers to date, with a large number of active (more than 1,000,000) users.

Terms of Trade with Deriv

The Binary.com company is a recognized innovator, offering a convenient trading platform, which is one of the most award-winning platforms for trading binary options. Patented pricing technology at Binary.com allows you to get the same percentage profit as traders in the interbank market. Members of Binary.com have a valuable opportunity to maintain constant contact with broker consultants via chat, e-mail, or phone, getting qualified help or resolution of specific issues that have arisen in the course of trade with the use of different strategies.

We are confident that this is a big plus for all traders, including the most experienced. At the Binary.com site, you can always see live prices in real-time, standardized with respect to the inter-bank markets. Binary.com offers payment of more than 100% on simple contracts such as Rise/Fall. Win up to 1000% for contracts «above»/«below» and «touch»/«no touch». There are no hidden charges or fees. In addition, the broker provides free webinars, a free daily overview of the market, and e-books and trading charts.

Here are no hidden charges or retainages. Besides, this broker provides free webinars and daily market reviews, e-books, and trading charts. The essential advantage of the company is, that it goes the extra mile, growing fast, offering to the user the modern trading process approach, a great number of useful options, and quality content of the website binary.com (the real traders’ feedback is available below), advantageous tariffs, quick deal execution, rapid system transactions.

The broker has been operating successfully since 1999 and has a solid image and more than one prestigious award due to the quality service and safe trading. For traders, whose number is increasing on the website, the advanced assets are available, one of the functional platforms.  Users can buy any items with the brand logo on the website binary.com. As we already mentioned, the feedback of customers about the platform describes its positive features and this cannot but increase the level of credibility to the company.

Deriv Platform

As one of the sophisticated market brokers, Deriv offers for the customer the proven and quality service only. Binary trading takes place in the program SmarTTrader, which is considered to be among the major ones in the market. The web platform doesn’t need to be downloaded and set on the computer – you can trade in the browser right after the registration. The advantage of the terminal is its convenience and minimalism, with no extra options and details, which makes it comfortable for market novices. Also, there is user guidance available on the official website binary.com, which lets you quickly find out the aspects of the platform and start trading.

Here 5 options kinds are available («up»/«down», «touch»/«no touch», «inside»/«out», Asian, and digital) along with the information on them. You can perform technical market analysis by changing the ways the chart displays, expiration, adding indicators to it, compare several assets. And yet the trader needs to get used to this platform as it’s creatively different, even though simple. Customers often point to its complexity, but indeed, one needs just to get used to any similar trading solution to use all its capacities.

The personal account is also informative and lets you easily monitor your trading history and deposit balance. On the website binary.com, you can try trading robots, various kinds of software, buying books, clothes with company logos, certificates for updating your account in a «Shop» etc. Interestingly, the broker lets you also work with information from the resource TradingView, which is offered here with no advert or registration need. This platform became well-loved by users as it contains a huge feature set, and convenient charts with as many options, as possible. Such concern about the service is encouraging for a trader – the broker considered this issue well, offering to its customers just the solutions allowing to a trader to earn from options easily.

Deriv Broker Quotations

As for quotations, they are aired from the interbank on the platform binary.com and for this, no liquidity providers are called. Such an approach lets the broker timely provide accurate information, good for investors making money. All quotations here are equal for different account and customer types.

There are disputes on the Internet arising on the issue of quotation accuracy. Traders begin to compare them to the data from other projects, like MT4, and TradingView but they don’t realize that these platforms have their policy to work with this information. The broker is often charged with quotation change to its benefit. On one of the forums, the company manager Olga Borg replies such declarations, that it’s impossible to do, much less for each user, especially for the company effectively working in the market since the year 1999. Let’s point out here that the company passes audits, updates licenses, and does everything possible for the trade to be safe and for customers to trust the brand.

Demo Account

On the official website binary.com you can use the free demo account, too, which is available for any registered user (you just need to put your e-mail in the form). The services of the training account don’t differ from those for the real one, here the trader can also perform the technical analysis of the market using a wide range of tools, study reference literature, and trade in the market of course.

For this purpose, virtual money is deposited into the account ($10,000). This allows you to properly test the broker’s capabilities without risking your capital. Training trading is not just a game for traders. Using this unique opportunity, users can test the correct operation of the terminal, reaction times of support services, and more. After studying the platform, customers can choose an account type, fund it, and trade in the real market. At the same time, the training account provides a perfect opportunity to test the author’s strategies, etc.

Deriv Mobile Application

One of the earliest market brokers also offers its users a special mobile application, Tick Trade, for option trading (available for Android). The program is free, convenient, and easy to use, and provides the main features of the web version, including all kinds of available options, rate settings, charting, and market analysis. To use the application, you need to download it from the Google Play store, create an account, and you’re ready to enjoy rapid and powerful trading on the go.

The advantage of these mobile platforms that provide access to financial markets is that trading becomes much easier and more convenient. Your smartphone is always with you, so you can access the market at any time to execute trades from anywhere in the world, even while on the move. You can also check your account balance, customize your profile, and leave withdrawal orders quickly through the app.

Deriv Bonuses

There is no need for the earliest broker to offer customers specific exciting bonuses and appealing offers, as the minimal deposit here is just 5$. This attracts the platform’s new users very well, who always look for available trading options.

And yet, Deriv runs campaigns for traders, although less often than some of its competitors. However, there is a welcome bonus for new platform users, with amounts ranging from 10% to 100% of the deposited amount (depending on the amount deposited). The entire bonus amount can be withdrawn in any convenient manner.

Deposit and Withdrawal

To deposit and withdraw funds, you can use credit/debit cards, Moneybookers, bank transfer, Neteller, Qiwi, Okpay, Webmoney, and several other payment systems that are provided on the company’s website. Customers receive payments in 3-5 working days.

As traders point out in their references, the withdrawal orders are processed quickly, transactions are rapid in the system. At that, you can always leave a message for the support service and get the answer in time. And yet, here is the negative feedback, too. Generally, the customers complain about managers ignoring them and simply disappearing with abnormal issues, or against the withdrawal, which may happen for too long. The broker’s support service explains this by the funds located in a certain company department, ready for transfer to the user’s account as soon as possible.

There are also withdrawal denials: for example when a trader depositing by bank card leaves the request for withdrawal through Qiwi, even though it’s wrong and mentioned in the system rules. Or rather we can deduce that the trivial ignorance of the platform operation rules may result in negative implications, thus you’d better be aware of and study materials available on the website binary.com. The feedback from real traders proves that the platform is recommended to investors on various forums and has its loyal customers trusting it.

Complaints About Deriv

Our team has looked for negative comments from users of the Binary broker and did not find any relevant information that affected our review. A very small amount of negative feedback appears in the form of minor technical problems that are easily solvable. On several forum sites, we did find a complaint from a customer who had to wait more than 5 days to withdraw his funds. We did not interpret this as a big problem, as it was a technical problem related to payment methods. We also found that the problem was successfully solved by the broker, and no more complaints from the same individuals have been posted since.

Broker Regulator

Binary, or Deriv Investments (Europe) Limited, incorporated on 22 April 2015 (Company No. C 70156 – check license), is based in Malta with its registered address at Level 3, W Business Centre, Triq Dun Karm, Birkirkara BKR9033, and is regulated by the Malta Financial Services Authority under the Investments Services Act to provide investment services.

Check license MFSA website

User Agreement

Any trader planning to become a professional stably earning from his investments in options on the broker’s platform shall study its documents allowing him to see a lot: operator’s warranties for platform users, the list of user’s obligations, responsibilities of broker and player. Such a document of Binary is called «Terms and Conditions» and is available right on the first website page (at the bottom of the website). Why do you need to study this information? At least to know the aspects of the platform operation, the issues, which the user is secured here, and the broker’s warranties. Starting to deal with the platform the customer automatically accepts the paragraphs of the «Rules». As with any «User agreement» with a broker, this document contains many rules, which may produce different reactions and a set of questions from traders.

For instance, there is the clause in Binary «Rules», according to which the broker reserves the right to deny the services to the customer and cancel them at any time (these are, for example, trading transactions) if his activity is considered to be illegal. There are several reasons listed in the document which may affect such a broker’s decision, but this is not a full list – exactly that «but not limited to», see the screenshot below:

In the other clause of the «Rules», it is explained what actions the broker will take in various emergency cases, etc. So the company may stop the transaction’s performance concerning, let’s say, an unstable political situation, failures of communication means, and so on. Stop trading and withdrawals the company may even at the slightest pretext, as here the wording «but not limited to» works see the screenshot below:

Besides, in case of any emergencies given in the screenshot above, the operator may close transactions by the price it considers appropriate for that given moment. The trader may not be notified about such actions by the broker.

Is Deriv a Scam?

To summarize, we can say with confidence that Deriv (Binary) is one of the most trustworthy brokers on the market today. The company has been in business for over 17 years and their trading conditions and trading platform are incredibly easy to use, attracting a large number of clients. With a minimum deposit of only $5 and a minimum bet of $1, they offer free trading signals that allow you to successfully trade binary options using their platform.

The broker provides a wide range of free educational materials and e-books covering all aspects of trading, as well as an extensive database of questions that you can answer yourself by selecting the appropriate answer to your problems. Binary is fully regulated by the Financial Services Authority (FSA) of Malta, ensuring the safety of your investments. This makes Binary one of the most reliable brokers on the market, and it has been around for a long time.

Summary

The Deriv broker has many years of experience in the financial industry and is easy and pleasant to work with. This, combined with a reliable and customizable trading platform, makes deriv.com a great choice for trading binary options.

Deriv.com is a regulated and reliable binary options brokerage. They provide an extensive and free package of educational materials, which demonstrates their commitment to their customers. The minimum deposit is only $5, allowing you to start trading with minimal risk. According to our website review, Binary ranks among the top ten binary brokers. We believe that they are a great choice for traders worldwide.