South America, Asia, Africa, Sept. 02, 2022 (GLOBE NEWSWIRE) — Deriv Group Ltd, an international provider of trading platforms and services, has launched a CFD trading platform, Deriv X, a white label version of DXtrade.
Deriv X, the newest addition to Deriv Group’s suite of trading platforms, was developed alongside Devexperts, a software provider for global financial firms, based on DXtrade, Devexperts’ SaaS trading solution.
The highly customizable Deriv X offers CFD trading in the most popular financial markets – forex, commodities and cryptocurrencies. Deriv has also integrated its proprietary synthetic indices into the platform. These indices are available to trade 24/7 and mimic real-world market movements unaffected by political and economic events. Synthetic indices offer a different UX to clients and are based on a cryptographically secure random number generator and regularly audited by an independent third party for fairness. These unique features make synthetic indices one of the most popular trading instruments among Deriv clients.
Volatility Indices – Derivative X
Deriv X is also equipped with a wide range of trading tools, making the platform a great choice for both novice and professional traders.
Beginners can benefit from key features, including:
- A customizable interface that allows traders to drag and drop widgets, creating unique layouts across multiple workspaces
- An integrated trading log and dashboard to store all logs and help track and analyze trading activity
- A chart with over 90 indicators and 13 drawing tools to allow traders to analyze multiple trades simultaneously
Trade Forex on Deriv X
While professional traders can also take advantage of:
- Multiple configurable widgets in a workspace moved from one workspace to another or even in a separate window. For example, if a trader relies on technical analysis, he can create a workspace consisting only of chart widgets.
- Partial position closure, which allows traders to implement more complex risk management trading strategies
- One-click trading that traders can enable by linking customizable watchlists through widgets
All of these features are available on Deriv X and accessible through the online trading platform and iOS/android mobile commerce app. The platform is currently available to traders worldwide except those residing in Europe.
Jean-Yves Sireau, CEO of Deriv, commented on the launch of Deriv X: “Innovative thinking has always been at the heart of our growth strategy. Deriv is constantly working on introducing new products and services to give our customers the opportunity to use the latest technologies, maximizing their likelihood of success. We put our customers at the center of everything we do and use all our resources to help them stay ahead of the market.
Vitaly Kudinov, SVP of Business Development at Devexperts said: “Startups and established brokers know that trading platforms are not just tools. Trading platforms are key parts of their business. The success of brokers is highly dependent on how simple and customer-friendly their platform is and how easily and quickly it can be scaled to support x2 user accounts, x5, x10 and even x100. To achieve this, some brokers build their own software, which is a long and expensive path. The path to creating usability and scalability for the Deriv X platform has been extremely short since it is a white label of DXtrade. I’m thrilled to see Deriv’s global trading community benefit from Deriv X – a platform we’ve built with passion and integrity.
derivative is one of the oldest brokers in the industry. Its story begins in 1999 with one office and continues to this day with 16 offices in 13 different countries and over 850 team members. Deriv’s core mission is to make trading accessible to everyone, everywhere. And the company is certainly moving towards its goal, constantly introducing new platforms and services to its growing customer list.
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