Deriv.com adds Deriv X powered by Devexperts to its trading platform range
Deriv Group Ltd, an international provider of trading platforms and services, has announced the launch of a new CFD trading platform, Deriv X, a white-labelled version of DXtrade.
Deriv X, the newest addition to Deriv Group’s suite of trading platforms, was developed in collaboration with Devexperts, a software provider for global financial companies, on the basis of DXtrade, Devexperts’ SaaS trading solution.
The highly customizable Deriv X offers CFD trading on the most popular financial markets – forex, commodities, and cryptocurrencies. Deriv has also incorporated its proprietary synthetic indices into the platform. These indices are available to trade 24/7 and mimic real-world market movements while remaining 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’s clients.
Deriv X is also equipped with a wide range of trading tools, making the platform a great choice for both beginners and professional traders.
The parties said that the main features beginners can benefit from:
- A customizable interface that allows traders to drag and drop widgets, creating unique layouts in multiple workspaces.
- An embedded trading journal and dashboard to store all logs and help track and analyze trading activity.
- A chart with 90+ indicators and 13 drawing tools to enable traders to analyze multiple trades simultaneously.
While professional traders can take advantage of:
- Multiple widgets that can be set up in a workspace, moved from one workspace to another or even to a separate window. For example, if a trader relies on technical analysis, they can craft a workspace consisting of just chart widgets.
- Partial position closure, which allows traders to implement more complex risk management trading strategies.
- One-click trading that can be enabled by linking customizable watchlists across widgets.
All these features are available on Deriv X and accessible via a web-based trading platform and iOS/Android mobile trading app. The platform is currently available for traders in South America, Africa and South-East Asia. Deriv is planning the second launch for the European locations, the UK and Australia.
Jean-Yves Sireau, CEO of Deriv, commented on the launch of Deriv X:
“Innovative thinking has always been the core of our growth strategy. Deriv is continuously working on introducing new products and services to give our clients the opportunity to utilize the latest technology, maximizing their probabilities for success. We put our clients at the centre of everything we do and use all our resources to help them be one step ahead of the market.”
Vitaly Kudinov, SVP of Business Development at Devexperts said:
“Startups and established brokers know that trading platforms are not merely tools. Trading platforms are key elements of their business. Broker success heavily depends on how simple and user-friendly their platform is for clients, and how smoothly and quickly it can be scaled to support x2, x5, x10, and even x100 user accounts. To achieve this, some brokers are building their own software, which is a long and expensive route. The path to creating usability and scalability for the new Deriv X platform was extremely short since it’s a white label of DXtrade, Devexperts’ SaaS FX & CFD trading solution. I am excited to see Deriv’s international community of traders now enjoying Deriv X – a platform we have built with passion and integrity.”
Deriv is one of the oldest brokers in the industry. Its story starts back in 1999, with only one office and continues to this day with 10 offices in 7 different countries and over 600 team members. Deriv’s main mission is to make trading available to everyone everywhere, and the company is certainly moving towards its goal, constantly introducing new platforms and services to its growing clientele.
Devexperts specializes in developing software solutions for the capital markets industry. Their clients are brokerage houses, exchanges and wealth management firms. Devexperts have developed numerous well-known trading platforms, used by US and EU brokers, with millions of people across the globe trading daily. Devexperts’ services include UI/UX design for trading apps, quality assurance of financial software, market data feeds, AR/VR data visualization, trading chatbots, and market analysis tools.
DXtrade is a SaaS trading platform ready for white-labelling for retail FX and CFD brokers worldwide. The platform was developed by Devexperts, a software provider specializing in trading and investment software development since 2002.