Deriv Online Trading Platform Review

Deriv Platform Review | A Guide For Traders

Trade From 1 Second On A User Friendly Platform

  • DTrader: User Friendly
  • DBot: Automation
  • DMT5: MT5 Trading
  • SmartTrader
  • Maximum Leverage: 1000:1
  • Minimum Order: $0.35
Trade Simulated Markets 24/7 from $0.35

Binary.com Deriv Review

What is Deriv ? Deriv is a suite of platforms provided by Binary.com, packaged into one platform, available on desktop, tablet and mobile. Deriv takes Binary.com's platform offering, rebrands them and places them in an intuitive trading suite, however Deriv provides as well a new user friendly platform called DTrader. Binary.com is actually in the process of rebranding to Deriv, so Deriv will become the focus of Binary.com's offering. Binary.com will still exist and a login for Binary.com is a login for Deriv and vice versa. Deriv brings together the wide range of ways to trade which Binary.com already offers, but the trader may appreciate having it all accessible from one platform.

What is on Deriv ?

Deriv consists of DTrader, DBot, DMT5 and SmartTrader. All of the platforms can be accessed by a drop down, so the trader may move from platform to platform as they wish. Each platform has a different type of market provided, with some similarities between them, or has a specific functionality. One possible effect of this is to show how Binary.com offers a core group of markets, that is Synthetic Indices which can be traded as a margin product, as options and as multipliers. Multipliers are a type of option which lets the trader set multiples of a move. The trader can also trade CFDs based on real markets (when trading a CFD, the trader does not own the market). Some products may not be available in some countries.

What is the minimum deposit ?

There is no minimum deposit to use the demo account, but the minimum deposit to trade on a live account varies depending on the payment method. For example with Neteller and SticPay is it $5, with Credit and Debit Cards and Skrill it is $10. The maximum deposit is $10,000 for these methods. As Deriv has a very low minimum order size of $0.35, it is possible to make a trade with a small account size.

What is DTrader ?

DTrader is Deriv's user friendly web trader platform. It offers Forex, Commodities, Indices and Synthetic Indices traded as options, with a minimum order size of $0.35, trade times from 1 second-365 days and maximum payout rates of 200%+. Synthetic Indices are simulated markets and can be traded 24/7.

The Synthetic Indices offered are Volatility Indices and Daily Reset Indices. The Volatility Indices simulate different types of volatility, while the Daily Reset Indices simulate overall market conditions, namely a Bear (falling) or a Bull (rising) Market. So unlike with real markets, the trader can choose types of volatility or markets to trade. DTrader can be seen as aiming to provide a user friendly interface which can be used by beginners as well as more advanced traders.

What is DBot ?

DBot is Deriv's automated trading platform. It allows the trader to create and run online trading robots (at no cost) based on options. Robots trade on behalf of the trader, executing the rules they are given (i.e. their algorithms). DBot does not require programming, rather the trader sets the parameters (rules) by dragging, dropping and configuring blocks and indicators (again the focus on intuitive functionality).

For example, a rule can be made for a Synthetic Index to be traded given certain conditions. The trader can also choose from ready made strategies on DBot. So the trader may move from trading on DTrader to creating a robot to trade for them using a strategy they are using or try another one. In essence, DBot aims to provide an intuitive way to build online trading robots and offers the capacity to run robots, without needing a VPS.

What Does Each Deriv Component Platform Do
Deriv PlatformWhat's It ForDescription
DTrader
Deriv Platform
Options Trading
What's It For
DTrader is a trading platform related in some ways to SmartTrader but offering trading in a more intuitive manner
Description
DBot
Deriv Platform
Options Robots
What's It For
Traders can build and run robots to trade options without coding, rather by setting parameters from menus and dragging and dropping components to build more advanced strategies
Description
DMT5
Deriv Platforms
Margin trading CFDs based on real and Synthetic Indices
What's It For
DMT5 consists of an MT5 web trader and allows the trader to download desktop and mobile MT5. Desktop MT5 has the full features of MT5.
Description
SmartTrader
Deriv Platform
Options Trading
What's It For
SmartTrader is Binary.com's flagship options trading platform and it has been brought to Deriv
Description

What is DMT5 ?

DMT5 is MetaTrader 5 (MT5) available from the web trader and offers trading on margin. The trader needs to create one or more MT5 accounts. The accounts available are the Financial account, the Financial STP account and the Synthetic account. These accounts can be created directly from Deriv as real and demo accounts. None of the MT5 accounts charge commissions, except for Cryptocurrency CFDs on the Financial account. The trader may also use desktop MT5 and mobile MT5.

The Financial STP account is an STP account but has lower maximum leverage than the other accounts. The maximum leverage for the Financial STP account is 100:1, the maximum leverage for the Financial and Synthetic accounts is 1000:1 depending on location (increasing leverage increases risk).

The Synthetic account is for trading Synthetic Indices only with leverage, and has the most Synthetic Indices available to trade. The Financial and Financial STP accounts provide CFDs based on real markets on margin. DMT5 therefore offers the trader the capacity to trade CFDs on margin via real and simulated market on the MetaTrader 5 platform.

What is SmartTrader ?

SmartTrader provides trading with CFDs based on real markets and simulated markets. It offers options and multipliers based on these markets. Thus the trader may choose a trade type with a payout rate or a multiplier. Payout rates can be low or relatively high (200%+) depending on a number of factors. A payout is for a successful trade, when a trade is unsuccessful, the invested sum is lost.

SmartTrader on Deriv mirrors the layout of the SmartTrader platform available from Binary.com (i.e its core platform). It differs from DTrader in the number of trade types available and in the way the trader can choose and configure trade types to trade. DTrader perhaps has a more intuitive way to set these kinds of parameters, but SmartTrader has more ways to trade (i.e. more trade types).

What is the difference between Binary.com and Deriv ?

Deriv is offered by Binary.com and a login for Deriv provides a login for Binary.com as well. Binary.com has the same platforms offered (with the exception of DTrader), but not provided in such an intuitive accessible package, with some additions.

As Deriv is a rebranding of Binary.com, the Deriv versions of the platform have different names, with the exception of SmartTrader. Binary Bot becomes DBot and MT5 becomes DMT5. The trader can sign up directly for Deriv or can sign up for a Binary.com account, which will also give them access to Deriv.

Nonetheless Binary.com has some differences, including that it offers TradingView, an Economic Calendar and a Web Trader. The trader of course can test out both platforms and see which they prefer. However as Deriv is the rebrand, then the focus of development from now on will according to Binary.com be on Deriv.

Deriv vs Binary.com Summary Card
Online BrokerMinimum DepositDeriv vs Binary.com
$5
Minimum Deposit
Deriv is the rebranding of Binary.com. It offers most of the platforms, but not all of the features available on Binary.com, with different names for most. However all these platforms are packaged in a user friendly layout which aims to be more intuitive.
Deriv vs Binary.com
$5
Minimum Deposit
Binary.com is the 'classic' platform which has some differences in features from Deriv, but a login to Binary.com is a login to Deriv and vice versa, so the trader can check out both.
Deriv vs Binary.com

Analysis

The platform offers a range of tools to analyse markets. These include charting time frames from tick to daily, Area, Candle, Hollow and OHLC price types and 20+ technical indicators. MT5 desktop download (available from DMT5 after an MT5 account has been created) has a wider range of technical indicators and tools, including an Economic Calendar.

What is the minimum order size ?

The minimum order size is $0.35 which is for trading options on DTrader and SmartTrader based on Synthetic Indices. Minimum trade sizes on DMT5 for CFDs traded on margin (with leverage) on real or Synthetic Indices vary depending on the market. Micro lot trading is available, but lower trade sizes can be found on some Volatility Indices on MT5. The maximum trade size is 30 lots.

Why Deriv ?

Deriv is distinctive, in the way that Binary.com is distinctive. Binary.com already offers a wide range of platforms and ways to trade markets from real to simulated. But Deriv combines these platforms and offers a new platform in the shape of DTrader. Traders from beginners to advanced may appreciate Deriv. For example, a trader can start off and trade markets on DTrader or SmartTrader and then progress to MT5. If they are interested in Synthetic Indices they can trade them across the platform, but may find the most on the MT5 Synthetic account. When they feel ready, the trader can automate their options trades without coding on DBot. So Deriv can be seen as an advance in that it packages the platforms Binary.com has developed over the years but in an more intuitive way and adds user friendly DTrader. As Binary.com is rebranding to Deriv, this will presumably be the focus of Binary.com's product offering and development. The trader may sign up for Deriv below, but they can also use this login for Binary.com, which will continue to exist.






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