Broker to Trading

Deriv Trader (formerly DTrader) is a user friendly web trader for both beginner and more experienced traders. It is offered on the Deriv platform, which is a suite of platforms packaged into one platform. The Deriv platform began as a platform on Binary.com. Binary.com has rebranded to Deriv and Binary.com has moved to Deriv. Deriv Trader has functional similarities with SmartTrader, Binary.com's flagship platform (which is available on Deriv), however it aims to provide a more intuitive experience and offers a wide range of ways to trade.

The trader can try out a demo or live account by signing up here: Deriv Sign-Up

What can be traded on Deriv Trader ?

Deriv Trader can offer CFD trading based on both real markets (namely Forex, Cryptocurrencies Commodities and Indices) and on Simulated markets, called Synthetic Indices (some markets and features may not be available in some countries). The Synthetic Indices and Cryptocurrencies may be traded 24/7.

How may markets be traded on Deriv Trader ?

From this base of markets to trade, real and simulated, Deriv provides trade types which define the trade. The trade types are divided into five categories: Multipliers, Options, Vanilla Options, Accumulators and Turbos.

For options, the trade types consist of Ups & Downs, Highs & Lows and Digits, for Synthetic Indices. These trade types specify outcome and time based trades, pre-selected by the trader. However there are also new additions, namely Vanilla Options, Turbos and Accumulators. Accumulators specify a barrier which the trade has to stay within, but if it does it will grow by a chosen percentage with each tick until a tick limit is reached (if it does not stay within the barriers, then the stake is lost). Vanilla Options allow the trader to purchase Calls or Puts on a range of markets. Turbos are another barrier option type, which provide a payout if the spot price of the market chosen does not touch or exceed a barrier below (for Long) or above (for Short).

So all in all, Deriv Trader provides a wide range of trade types, with five main categories to choose from when considering a trade.

For example, the trader could choose to trade a simulated index called a Volatility 10 (1s) Index (this is an index with lower volatility which updates relatively fast, every 1 second). They will find on the right of the platform a trade type to select. For example Rise/Fall, which is an Ups & Downs trade type. This like other trade types has rules which specify whether a trade is successful or not.

The trader chooses the time, which can vary in its range depending on the market and other factors, but overall ranges from 1 second to 365 days, but Rise/Fall itself is for short term trading. The trader can then choose a Stake Or Payout and then chooses the desired outcome, in the Rise/Fall example, either Rise or Fall.

Now this outcome may not happen in which case the trader loses the Stake. If the outcome does happen according to the rules of the trade the trader will receive the Stake plus a percentage of it called the payout rate. The payout rate varies depending on a range of factors, but can be less than 100% or considerably more. The higher the payout rate, the less likely it is projected that the trade will be successful.

Another example is Digits trade type Matches/Differs. This is available on SmartTrader, but the way it is represented on Deriv Trader, makes it clear immediately what it does, there is even a last digit shown on the chart in a very clear way. It seems the idea of Deriv Trader is to allow the trader to grasp what to do with these trade types without having to read the explanation given on SmartTrader.

The aim of Digits is to speculate about the last digit in a very short time period according to the rules of the trade type. This can have relatively high payouts for successful trades. However speculating on a digit in a short time frame is potentially very hard if the number has to match, but not if they have to differ (hence the payout for Differs can be much smaller than that for Matches).

Multipliers like options limit the loss for the trade to a stake, however they do not have a predefined payout. Rather they amplify the effect of change in value of the chosen market, based on a multiplier chosen by the trader. Multipliers have a minimum stake size of $1. Multipliers do not have a preset time, however the trader can purchase Deal Cancellation (T&Cs apply) which offers a kind of timed safety net, in that the trader can cancel the trade within a preset time frame.

What Synthetic Indices are offered ?

The Synthetic Indices are available to trade 24/7 (unlike most of the CFDs on real markets). They consist of a range of different types: Continuous Indices, Daily Reset Indices, Crash/Boom Indices, Jump Indices and the Step Index. The Continuous Indices have a range of Volatility Indices which simulate different level of market volatility. The Daily Reset Indices simulate Bull or Bear markets. The Crash/Boom Indices simulate falling and rising markets, the Jump Index jumps 3 times an hour and can be chosen with different volatility and the Step Index has an equal probability of moving up or down with each step. So unlike real markets, the trader can specify types of volatility and types of overall market conditions. Multipliers are available for Continuous Indices, Crash/Boom Indices, Jump Indices and the Step Index.

In essence the trader can set the market conditions to some extent then apply the trade type to this market condition. For example they could trade Digits in a Bear or a Bull market type or choose different levels of volatility. The trader may try out different types of simulated markets on different trade types on the demo account to see how it works out. Deriv Demo

Demo trading vs Real trading

The trader can switch between demo and real by visiting the account tab (which shows the account balance). The demo account has $10,000 in virtual funds. Virtual funds are not real money but allow the trader to simulate trading without risking real money. So it is there to practice trading and try out the trade types, market conditions and the platform.

Deriv Trader vs SmartTrader

These platforms have similarities, however SmartTrader offers a wider range of trade types to trade markets but has a less intuitive way of specifying a trade. However these kinds of trades are difficult and any trader should test out the platform as a demo first.

Deriv Trader vs Binary.com

Binary.com rebranded and moved to Deriv. DTrader is offered by Deriv. Broadly, Deriv offers most of the platform offering of Binary.com, plus Deriv Trader, cTrader, MT5, Deriv GO and Deriv X. Deriv is arguably a more intuitive and user friendly way of accessing these platforms while DTrader is perhaps a more intuitive way to trade these markets using multipliers and options (which can be quite complex).

Why Deriv Trader ?

Deriv Trader provides much of the functionality of SmartTrader in a more intuitive layout. Like SmartTrader it offers trading on a range of markets using trade types. The minimum deposit is $5, but can be higher for some payment methods. There is a very low minimum stake size ($0.35) and time frames from a very short 1 second to a much longer 365 days, with maximum payout rates up to 200%+. Additionally the trader can try out multipliers, which amplify the effect of the movement in value of a market and offer Deal Cancellation, allowing the trader to cancel a multiplier trade wthin a chosen time frame. The Multipliers are offered from $1. Finally the trader can now try Accumulators and Vanilla Options as well as the Turbo Trade type on selected markets.