September 6, 2022Deriv Group Ltd, a provider of trading platforms and services, has launched a CFD trading platform, Deriv X, a white-labelled version of DXtrade.

Deriv X was developed alongside Devexperts, a software provider for global financial companies, based on DXtrade, Devexperts’ SaaS trading solution.

Deriv X offers CFD trading on forex, commodities, and cryptocurrencies and incorporates proprietary synthetic indices into the platform.

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Deriv Trading Screen

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.

Beginners can access a customisable interface that allows traders to drag and drop widgets, creating unique layouts in multiple workspaces.

Professional traders can also 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. All features are available on Deriv X and accessible via the web-based trading platform and iOS/Android mobile trading app. The platform is currently available to traders worldwide, except for those residing in Europe.

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 utilise the latest technology, maximising their probability of success. We put our clients at the centre of everything we do, and use all our resources to help them always 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 depends heavily 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 Deriv X platform was extremely short since it’s a white-label of DXtrade. I am excited to see Deriv’s international community of traders enjoying Deriv X – a platform we built with passion and integrity.”