Traders Union published the Deriv company review
Deriv, an international brokerage firm reviewed by TU experts, offers a diverse range of trading instruments, accessible minimum deposit requirements, and reliable regulation, although it may have limitations in educational resources and customer support options.
In a market that’s crowded with trading platforms, it can be challenging to distinguish the quality providers from the rest. TU experts published the Deriv company review to provide an unbiased perspective and invaluable insight, enabling traders to make informed decisions.
What is Deriv company?
According to Deriv company review by TU, it is an international brokerage firm established in 1999 with a clear mission to democratize trading. Its low minimum deposit requirements make it accessible to a broader audience while ensuring high-quality working conditions. The company presents its clients with various proprietary trading platforms. Deriv allows trading in a wide range of instruments – Forex assets, stocks, indices (including synthetic ones), CFDs, commodities, and options. As a testament to its credibility, Deriv is regulated by UK Financial Conduct Authority (FCA), Vanuatu Financial Services Commission (VFSC), and the Financial Services Authority of Malta and Labuan (MFSA and Labuan FSA).
Advantages and disadvantages of trading with Deriv
Advantages of Deriv
- A low minimum deposit level.
- A comprehensive array of trading instruments.
- Regulation by authorities from multiple countries.
- 24/7 client support.
- A choice between three efficient trading platforms.
- No commission for maintaining a trading account and using its platforms.
TU notes that there are some aspects where Deriv falls short. The educational material provided may be insufficient for beginners. Its customer support can be contacted only via a few channels, and the company does not serve clients from certain countries, including the USA, Canada, Malaysia, and Israel.
Analysis of the features of Deriv
Traders Union’s analysis gives Deriv a solid 7.2 out of 10 overall score. The execution of orders stands at 6.99/10, and the range of investment instruments garners 7.41/10. The withdrawal speed is rated at 7.35/10, while the efficiency of customer support fetches a score of 6.83/10. The variety of instruments scores a respectable 7.57/10, and its trading platform receives commendation.
Deriv compared with other brokers
TU experts have performed a comparative analysis of Deriv with other notable brokers.
RoboForex is known for its multiple trading platforms, competitive minimum deposit, and variable spreads. However, it may not offer as many trading instruments as Deriv.
Pocket Option stands out with its user-friendly platform and low minimum deposit. But, it might fall short in terms of leverage and spreads compared to Deriv.
Tickmill offers robust trading platforms and competitive spreads, but the minimum deposit and leverage might not match Deriv’s offerings.
Exness is acclaimed for its tight spreads and variety of trading platforms, but its minimum deposit and leverage might not appeal to all traders.
While AMarkets provides competitive spreads and leverage, it’s minimum deposit requirement and trading platforms might not be as attractive as Deriv’s.
Deriv is a dependable, accessible, and well-regulated trading platform. Despite some drawbacks, its unique features and transparent operations make it a worthy choice for many traders. However, every trader’s requirements are unique, and one must carefully consider their needs before choosing a trading platform. For more detailed reviews, visit the Traders Union’s official website.
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