Deriv Review UAE – Binary.com
Deriv Review UAE and Tutorial
Deriv.com, formerly known as Binary.com, is a binary option and CFD broker owned by the Regents Market Group. It is one of the most trusted names in the binary options industry. The platform also offers trading with forex and cryptocurrency. In this review, you will get all the details on all you need to know about Binary.com before you open an account and start trading.
Began in 2013, that BetonMarkets.com was changed to Binary.com. It is to provide its clients with excellent services and a more expansive range of products. Today, the company has begun to serve more than one million traders worldwide. They even opened their satellite offices in Japan and Malaysia.
Regulation & Reputation
When discussing Deriv Broker’s reputation, it has gained some awards from prominent analysts in the financial market. These are proof of the world-class service it offers to its clients over the years.
It also assures traders that they are working with a trustworthy and licensed broker. Deriv has recently opened its local office in Dubai, United Arab Emirates. To comply with regulations worldwide, the broker holds multiple licenses from different regulatory bodies. And these are the following:
- Labuan Financial Services Authority, Deriv (FX) Ltd, F16, Level 1, Paragon Labuan, Jalan Tun Mustapha, 87000 Labuan, Malaysia, licensed by Labuan Financial Services Authority (license no. MB/18/0024);
- British Virgin Islands Financial Services Commission, Deriv (BVI) Ltd, Kingston Chambers, P.O. Box 173, Road Town, Tortola, the British Virgin Islands, licensed by the British Virgin Islands Financial Services Commission (licence no. SIBA/L/18/1114);
- Vanuatu Financial Services Commission, Deriv (V) Ltd (view licence), 1276, Kumul Highway, Port Vila, Vanuatu, licensed and regulated by the Vanuatu Financial Services Commission; Champion Group Ltd (view licence), 1276, Kumul Highway, Port Vila, Vanuatu, Republic of Vanuatu,
- Deriv (SVG) LLC, Hinds Buildings, Kingstown, St. Vincent, and the Grenadines.
Deriv operates in the European Union under Deriv Investments (Europe) Limited, W Business Centre, Level 3, Triq Dun Karm, Birkirkara BKR 9033, Malta, licensed Category 3 Investment Services provider by the Malta Financial Services Authority (licence no. IS/70156).
Hence, while trading with Deriv in the United Arab Emirates, you can rest assured of trading with a leading broker with an excellent reputation and recognition in the industry. Deriv has recently opened a local office in Dubai, the United Arab Emirates, to provide better services to its clients from GCC countries. Continue reading this Deriv Broker’s Review UAE for more information about the broker.
Deriv Account Types – Demo Account, Standard Account, and MT5 Account
Deriv.com has two types of trading accounts to offer to its clients. And these are the standard and a virtual account. DMT5 account is Deriv’s MT5 Account, available for trading CFD on Stocks, Forex, Commodity, and Synthetic Indices.
Virtual/ Demo Account
Binary.com offers a demo account for new traders to test out the trading platform. And strategies without having to risk any real money. It has $10,000 virtual cash. It also provides a tool for expert traders to backtest trading strategies and theories.
You can start opening a standard trading account once you are ready to begin live trading. Binary.com requires a minimum deposit of $250 to open a live trading account. Also, it requires a minimum deposit of just $5.
The process is simple and hassle-free. If you have registered for a demo account, the process to convert to a standard account is just a few clicks away.
The MetaTrader 5 is a multi-asset trading platform that is known as the global standard. With MT5, traders can trade CFDs on forex, cryptocurrency, and a range of various financial markets.
The software gives many of the features advanced traders need. And these are Stop loss, limit orders, advanced charting, trading strategy testing, and one-click trading. The ‘Standard’ MT5 account enhanced to ‘MT5 Financial ‘, and the ‘Advanced’ became ‘MT5 Financial STP ‘. The MT5 Synthetic Indices is known now as the ‘MT5 Synthetic’. The Meta trader offering at Binary.com continues to be upgraded and improve as time passes by.
Frequently Asked Questions about Deriv Broker UAE
Is Deriv broker legal in UAE?
Yes, it is legal to carry out financial transactions and trading activities with Deriv.com in UAE. It complies with multiple international financial regulators, hence your funds are safe with Deriv.com.
Can I trade Binary Options with Deriv.Com in UAE?
Yes, You can trade Binary Options and other financial instruments like Forex and CFD on hundreds of assets and indices. Deriv trading platform provides you 24 – 7 trading opportunity, so never miss a potential trading opportunity.
What are the funding methods available for UAE traders?
Deriv.com accepts credit or debit cards with VISA or Mastercard logo. They also accept e-Wallet services like Neteller, Skrill, WebMoney, Jeton, Qiwi Wallet, Yandex, Fasapay, and STICPAY. You can also deposit by using Cryptocurrencies like Bitcoin, Ethereum, Litcoin, and Tether, etc. If you face any trouble while depositing funds, you can always ask for help from customer service.
How can I withdraw funds from Deriv?
The traders can withdraw funds after verifying their accounts. Account verification is a simple process and takes few hours after you upload your documents for verification. It is an international regulatory requirement to prevent money laundering and illegal financial transactions. After verifying your account you can withdraw funds from your Deriv account to your bank accounts via bank cards, wire transfer, and e-Wallets.
Are Deriv.com and Binary.com the same?
Yes, they are the same. Binary.com has recently rebranded itself with the new name Deriv.com. You can use your credentials at Binary.com at Deriv.com, there is no need to create a separate account.
Is Deriv Broker safe in UAE?
Deriv.com is an excellent online trading platform due to the expiry time that can be as short as 1 tick options trading. But, trading binary options may not be right for all. Options and CFD trading have a high level of risk since leverage can be both an advantage and a disadvantage. The products offered on the website may not be for all traders due to the risk of losing all of your investment. Keep in mind that you should never invest money that you cannot risk losing.
Auto Trading with Deriv Bots and EAs
Deriv allows you to trade automatically using trading algorithms. The DBot feature allows you to implement your trading ideas into the Bot by a simple drag and drop feature. You need not know how to write scripts/codes and programming. You can design and test your Bot in just 5 easy steps, 1. Select your Asset, 2. Set Purchase Conditions, 3. Set Restart Conditions, 4. Run the Bot, and 5. Check your Profit. There are prebuilt strategies included along with indicators, you can try them while building your Bot. Always test your Bot in a Demo Account before you run it in your live account.
Deriv’s MT5 accounts come with all the amazing features of the popular MT5 Platform. You can freely use any Expert Advisors on its DMT5 platform. There are plenty of EAs available on the MQL5 Market place.
In addition to Deriv’s own algorithm trading features that allow traders to create their own Bot, they can also use MT2Trading Robot to trade Digital Options. Check out more about Binary Options Auto trading and Robot trading.
Deriv Review UAE – Conclusion
Deriv, formerly known as Binary.com, is one of the trusted online trading platforms for traders of all levels. It has completed more than twenty years of service in the financial markets and has established itself as a trusted broker worldwide. Hence the traders from Dubai and the United Arab Emirates can trust Deriv for a transparent and reliable trading platform.