Deriv does not charge any fees for deposits and withdrawals. The minimum deposit required by the broker is $5.
There are many ways to fund your account, including credit or debit cards, wire transfers, PayPal, and several electronic payment systems. Additionally, Bitcoin, Litecoin, Ethereum and Tether deposits and withdrawals are also supported.
You can hold an account in US dollars, British pounds and euros.
Rate Deriv exchange by trading conditions
Binary options brokers are generally aimed at traders with small balances and short-term mindset. This often results in only being able to day trade. Deriv lets you start from as low as $5, but you can also trade with huge balances of $100,000 or more. Microtransactions as small as $1 are supported, but you can also trade large transactions up to $350,000 if you feel confident.
But the biggest advantage is that you are not limited to only a small range of expiry times. Deriv allows you to trade with expiration times that normally last only a few minutes or hours, but the exchange also accommodates trades that span days, weeks or even months up to a year.
You can really enter the market with binary options trades even if you are a long term trader using fundamental analysis or if you are hedging some other trade.
Most binary brokers offer no way to get long term market exposure. For scalpers, Deriv offers tick-based expiration contracts that will allow you to profit from the smallest possible market movements.
There are about 170 assets available for trading. These include stock indices, composite indices, volatility indices, currencies, commodities and stochastic times. This is a bunch of trading tools to work with.
Trade types include up/down (traditional high/low or call/put type), touch and no touch, higher and lower (you can choose the higher and lower the asset price should be at. end), tick trades, in and out (for prices), digit spread, even/odd and multiplier. Extremely high payouts of up to 1,000% are possible with transaction types such as multipliers.
Rate Deriv Exchange through customer support service
There is not much educational material on the site, just a small help center that explains the basics of trading and provides some introduction to the trading platforms at Deriv.
Customers will be supported by Deriv 24/7 via Email, office, phone, web form.
The only notable omission when it comes to customer support is a live chat channel. Deriv does not offer live chat with support staff as it is a quick and helpful way to get customer support.
In short, are these Deriv.com reviews enough for you to make a judgment about this broker? Deriv broker scam or reputable enough to trust. Should you trade all the above mentioned instruments with this broker?
Deriv is very user friendly and very easy to use. Traders can choose to trade from multiple platforms to suit their own trading method and style. They have very easy payment methods to deposit and withdraw profits. There are not many online trading brokers that offer such a wide range of trading platforms with such low financial requirements.