The online trading business is expanding constantly since the last decade. Starting a new online brokerage and making a name in the market is what every startup wishes for. However, getting the platform established is one thing, keeping up with the market and the competition is what matters in modern tech businesses.
This is exactly what Binary.com has done for the last 21 years. They started in 1999 as Regent Markets and kept on evolving with time. After years of continuous evolution and with over 1 million traders in more than 100 countries, Binary.com was recently rebranded and as Deriv.com.
Deriv.com is designed and developed on the state of art trading systems providing the traders with greater usability and technical as well as analytical assistance. This review will provide you with enough insight into the brokerage and help you make a decision about trying out the platform.
The biggest and most powerful advantage Deriv has over the competition is its long history. The platform has been in the market for over 21 years and has been through constant upgradations and rebrandings which enhanced its services and features making it a frontrunner in the market.
This journey of more than two decades of customer satisfaction and professional advancement has been possible with the help of the team behind it. The professional and technical minds of the industry are led by Chief Executive Officer Jean-Yves Sireau, who is also the founder of the brokerage, got multiple patents in his name in the field of financial systems. The fact that the patent holder is the leader of the team behind the platform is evident in the technical expertise of Deriv.com.
Deriv.com offers multiple financial products to its clients including Forex and binary options, CFD spreads, commodities, and crypto assets.
There are 3 unique accounts offered to the traders when they register on Deriv.com. Users opt DTrader, DBot, or SmartTrader according to their trading expertise and needs.
In addition to Deriv’s in-house trading software, the renowned MT5 trading platform is integrated into Deriv’s DMT5 platform which enhances user experience by allowing them to configure the trading as per their preferences.
On DMT5, there are also 3 account types to choose from; Synthetic, Financial, and Financial STP. The facility of accessing and adjusting the multiple windows, charts, and trading history is very enabling for the traders.
As of now, Deriv is licensed and operational in more than 100 countries in and outside Europe. However, some services of Deriv.com are not yet available in more famous jurisdictions like the US, Hong Kong, UAE, Canada, Israel, France, and Malaysia. Currently, Deriv is licensed and registered with MFSA Malta, Vanuatu FSC, Labuan FSA, and the British Virgin Islands FSC.
Deriv’s registration with popular regulatory agencies such as the Financial Conduct Authority (FCA) UK, the Cyprus Securities and Exchange Commission and the Australian Securities, and Investments Commission is pending. Once the registration with these regulatory authorities is finalized, the service of Deriv.com will be available in even more countries.