Binary.com has rebranded to Deriv. The new company has managed to retain everything that made Binary so great, while introducing new features and platforms to make trading more accessible to everyone.
Binary.com was already an established brand, so Deriv inherited all of its great features. The new platform is effortless to use and developed for modern times and a new generation of traders. Thanks to new products and a completely new user experience, Deriv continues Binary’s march toward forex trading dominance.
Are Deriv and Binary owned by the same company?
Yes, they are. You can say—considering that Binary is now rebranded— that they were part of the same company. Deriv is a new trading platform established on Binary.com’s previous success.
Deriv’s rollout is the culmination of nearly three decades of financial analysis and trading. Stepping into the third decade of operations, the company felt that a change of direction was needed to make online trading of forex pairs, indices, etc, more accessible for everyone. It is also likely that after the binary options as a trading instrument got a bad reputation in 2018 due to actions of many boiler room operations that sprung up and cheated on traders, Binary.com saw the reputational damage even though they were conducting legit and honest operations.
Deriv’s focus went from binary options to a more sophisticated type of platform that offers not only CFDs, but also other instruments such as multipliers or synthetic indices.
Binary options are still available for trading on Deriv platform for traders in South Africa. Payouts reach up to 90%.
Rebranding of Binary.com to Deriv
Binary.com was one of the most successful online trading platforms on the market. After nearly 30 years of operation and with almost 1,000 employees at over 25 locations, it decided to rebrand to a new platform – Deriv.com.
The new brand takes off where Binary.com stopped. It features cutting-edge tools once again while introducing new platforms, instruments, and features, and adding new trading assets to the list. It has a comprehensive suite of trading options that every trader will find appealing. Furthermore, Deriv focuses on customer satisfaction and high ethical standards, while delivering quality products with integrity.
Differences in types of instruments, markets, and features
Binary was most popular for its proprietary binary options platform. Deriv is now offering not just the upgraded proprietary Dtrader, but also supports trading on MetaTrader5.
- Instruments: Binary options, CFDs
- Platform: Proprietary trading platform
- Assets: Forex, Commodities, Crypto, Stocks, Indices
Deriv South Africa offer
- Instruments: CFDs, binary options, multipliers
- Platforms: Dtraders, MT5, dBot, binaryBot
- Assets: Forex, Synthetic indices, Crash and Boom, Commodities, Crypto, Stocks, Indices
Binary.com offered CFD and forex trading on its platform which Deriv fully expanded.
Deriv’s birth brought with itself new platforms such as DTrader. It comes with a comprehensive suite of instruments such as multipliers, making it much better than Binary’s offering. Of course, Deriv also trades in stocks, forex, cryptocurrencies, and CFD, while adding indices to its list.
Furthermore, Deriv has margin (Deriv multipliers) and spot trading, something which Binary.com didn’t offer. Copy trading is also available on Deriv, making it the more advanced platform, and as such, a much better option for traders.
Practical information for Moving From Binary.com South Africa to Deriv
As Binary.com is being phased out, it would be a smart move to register at Deriv to start trading.
While you can still trade on Binary’s smart platform, the company is repeatedly asking its customers to move to Deriv. When you enter the Binary.com website you’ll be greeted with a big page recommending the move to Deriv. You can still stay on Binary, but it won’t be available forever.
You don’t have to do anything to move to Deriv, just use your Binary.com credentials to log into Deriv. Your account is already there. To find out just how to log in to your account, read our Deriv Review South Africa.
Deriv has a free demo account which you can try if you want to check out how it works. It comes with $10,000 in virtual assets which can be spent on all the new platforms and products. That kind of money is a great idea to try out multipliers or any of the new instruments the rebranded trading platform brings.
The minimum deposits are the same as on Binary.com, depending on the payment method you pick. E-wallets are the lowest at $10, but you can also use your bank account or credit/debit card if you prefer it.
Why is Deriv better than Binary.com?
Deriv’s management team considers the new platform a major improvement over Binary.com. It has new instruments, markets, and platforms, making online trading effortless. It’s the perfect choice for beginners, even those that aren’t well-versed in trading commodities, stocks, forex, or cryptos. If you’re looking for a modern trading platform with more than 2.5 million users, Deriv is an excellent pick.