There aren’t any promos running right now. It may not be shocking, though, given the broker’s promises of cheap minimum deposits and affordable costs.
Additionally, Deriv is limited in what bonuses it may give European traders under 2018 EU regulations. Even so, it’s worthwhile to keep an eye on the Deriv site for updates on any sign-up promotions and rewards for current clients.
Control & Licensing
Our experienced traders felt confident utilizing Deriv because it is a reliable broker that is licenced in several countries. Deriv is governed in the EU by the Maltese Financial Services Authority (FSA).
The broker holds licenses from both the British Virgin Islands Securities Commission and the Vanuatu Financial Services Commission (FSC) for traders outside of the EU (FSC). Deriv.com is additionally governed by Malaysia’s Labuan Financial Services Authority (FSA).
Customers have negative balance protection in accordance with licensing requirements, meaning they can only lose as much as their initial investment. Additionally, the broker’s capital and trader funds are kept apart.
Financial services compensation plans are also in place to compensate customers whole if the broker fails. Be aware that different authorities and countries have different limits on the amount covered by financial services compensation systems.
Deriv Extra Features
Deriv does not provide the abundance of learning materials present at many internet brokers. This is unfortunate because market commentary and strategy advice can be helpful, especially for new traders.
Deriv does feature a live discussion board where you can communicate with other merchants, despite the above. Additionally, a small academy area is available where newcomers can learn about markets including forex, commodities, and synthetic indexes.
Additionally, the broker provides live indications. Customers can connect to seasoned traders through MetaTrader 5 to replicate their trades and tactics. Trading doesn’t require constant market monitoring or manual position execution, therefore there are no hidden costs or charges. A second way for seasoned traders to profit from their profitable trades is to register to be a signal provider.
Use these procedures to subscribe to an MT5 signal:
- The DMT5 platform’s “signals” tab should be selected.
- To subscribe, select a signal source from the list.
- Change your risk management and trading parameters.
Customer assistance
You can reach AvaTrade by way of:
- Phone,
- live chat,
The live chat on AvaTrade is excellent. We didn’t have to wait around for very long to speak with a customer service representative.
We received pertinent and thorough responses. You can talk in many other languages besides English, such as Arabic, Chinese, French, Italian, German, or Russian.
Phone support from AvaTrade is acceptable. You won’t need to dial any international number because the website has a comprehensive list of local phone numbers for most nations. When we called customer service, we occasionally got through to a person right away (in English), but other times the call was dropped after waiting for more than three minutes. That’s why Avatrade is best forex brokers in Australia.
Our emails were answered within a day, which is quick. On one case, though, the response we got only pointed to a link rather than providing a straight response to our query.
24 hour Service
Our 24-hour accessibility was missed. Even though AvaTrade’s customer service is only available 24/7, it is nevertheless regarded as being extremely good.
In conclusion, AvaTrade is deemed secure because it is overseen by numerous international regulatory bodies, such as the prestigious Central Bank of Ireland and the Australian Securities and Investments Commission (ASIC).
We appreciated how easy it was to open an account. There are numerous ways for deposits and withdrawals, all of which are cost-free. We also appreciated the availability of a variety of user-friendly research tools.
However, AvaTrade has significant shortcomings. The only available products are forex, CFDs, and cryptocurrencies, and there is a steep price for inactivity. Finally, if forex trading expenses are your main issue, there are better options. Feel free to try AvaTrade because there is a low minimum deposit requirement, and your account will be prepared for trading promptly.
Background In 2006, AvaTrade was founded. The more experience a broker has, the more evidence there is that it has successfully weathered prior financial crises. AvaTrade’s long history and regulation by numerous agencies, including some prestigious ones, are both excellent indicators of its security.
