Download Deriv App and access an MT5 as a professional trader — along with other assets that come with it — or keep to the online trader under the purview of Binary.com
Initially, Deriv features were provided and serviced by Binary, which has currently rebranded to the new iteration, offering many features for different trader categories. We explain crucial aspects of the mobile app, with a view to determining its general accessibility.
Apparently, it offers some of these features from the get-go:
Good limits on Withdrawals,
And well-rounded assets.
There is also a detailed interface that allows the Deriv App user to focus on the main features, regardless of the details on the interface. Most people would consider this a much-valued improvement, which doesn’t cede analytics features for graphics.
Deriv App is suitable for people looking to trade CFDs and Binary Options. Also, it offers advanced options for experienced traders. Even with the tiered use case, the Deriv App still offers flexible features, allowing the user to easily toggle the categories.
That sums up the basic advantages of Deriv as a trading platform.
On the other hand, the app leaves only a narrow corridor for traders who might be aiming for a broad cache. The thing is that the binary options and CFDs are quite functional once run on the supported assets. However, the range of assets isn’t so broad.
Compared to the usual big names in Binary Options and CFD trading, Deriv cuts only a passing average image, since it offers only about half the usual assets.
On the whole, the Deriv App provides real values and great features for any trader, unless other assets are necessary.
Deriv App: How It Started
For those who have been keen on the forex and derivatives market, Deriv is more than a nouveau trader. It is the typical case of a curtailed platform hewn from a prior iteration, after BetonMarkets and Binary.com.
The forerunners are variously regulated in various European countries like Malta, Malaysia, and the British Virgin Islands.
Of course, this could cue some panic alerts for people looking to use a platform that is regulated by US-based forex regulation. However, Deriv has checked all positive trust scores on all review sites online, including the user feedback forums.
You can as well run a check on some of the features, which typically wind up being much the same as the ones on the popular trader apps out there.
Deriv App: What It Offers
Basically, the supported platforms are in three (3) categories, viz.
Optionally, you can go for the meta trader, which is the option that is provided on the Deriv App. However, the DTrader platform gives you more flexible features — options to choose a Higher/Lower call, set upper bounds, or fix Even/Odd. It even provides an exclusive package, which is the Multiplier feature.
Likely, the provided options on the app aren’t suitable for everyone. People mostly go for what they are interested in at the moment. For the most part, all primary trade features on any platform are available on Meta Trader Deriv App.
If you are going to get a Deriv App, check the official site for the trader categories. The usual options are Demo Account and Deriv MT5. Also, there is the DTrader.
See how to download the Deriv App for your PC, desktop, or smartphone in the section below.
How To Download Deriv App on PC
If you are a newbie, you definitely need a device to even preview the download format for the Deriv App. Of course, this goes without saying, but the usual precautionary checks shouldn’t be overlooked.
The reviewed Play Store page for Deriv App shows the following packages:
MetaTrader 5, MT5 real-time quotes, financial news, FX & Stocks Charts, and the usual analytics that comes with it. It also offers a free demo account, along with a toggle path to switch up the trade cache to advanced features. Apparently, the last app update was early this year, and there are more updates set for later installations.
So, here is how to download the Deriv App on your PC.
- Go to Google Play Store — if you have an android device.
- iOS Device users can get to App Store for the link.
- Alternatively, you can go to the official website.
- Once you can access the download page, go through the descriptions to retrieve a download caption.
- Then, you can retrieve the valid download link from the Google Play Store or App Store.
- Also, check that the provider’s description is appended to the app you wish to install to avoid clicking on spoofs or invalid links.
- Lastly, click on the Install icon.
Afterward, you can go to the download fodder — if the Deriv App doesn’t install directly on your UI mainframe — and open the software. Deriv is a viable platform for anything that has to do with forex trade, provided that the user is comfortable with trading via a UI that offers more limited features than popular app options.
Over ten million downloads have been recorded for the app, which is rated 3+ and garners up to 4.2-star reviews on the user feedback forums.
Supported Deriv App Withdrawals
Deriv App supports several avenues for withdrawals, depending on the ones the users will likely settle for. If you prefer keeping your earnings in fiat to crypto, you can use any of the options on the Deriv Withdrawal channels to access your funds.
Usually, many platforms would require up to a $100 deposit in the trader’s account. However, Deriv only sets $5 to $10.
Moreover, the processing period for the Deriv App Withdrawal is typically one (1) day, making it convenient for busy traders. All these features add to the flexible and handy aspects of the app proper.
Some of the supported non-fiat withdrawal methods are:
You might need to allow at least two (2) network verifications before the processing is through.