Deriv Group Launches New CFD White Label, Deriv X

Tuesday, Deriv Group Limited, a provider of trading platforms, introduced Deriv X, a new contract for difference (CFD) white label trading platform.

The Group stated in a statement shared with Finance Magnates that Deriv X was created in collaboration with Devexperts, a software supplier specializing in the creation of trading and investment tools.

The provider of international trading platforms further noted that Deriv X was modeled after DXtrade, a Software-as-a-Service (SaaS) trading solution developed by Devexperts.

"The highly configurable Deriv X facilitates CFD trading on the most prominent financial markets, including FX, commodities, and cryptocurrencies. Deriv has also integrated its patented synthetic indexes into the platform, according to a statement from Deriv Group.

Deriv Group stated that the new platform has features aimed to better the trading experience of both novice and experienced traders.

For beginners, these features include a customisable interface, an embedded trading log and dashboard, and a chart with over 90 indicators to assist traders in simultaneously analyzing many deals.

Professional traders, on the other hand, can take advantage of features such as the ability to move numerous widgets between workspaces or even windows, partial position closure, and one-click trading.

Deriv Group stated that Deriv X is currently accessible to traders in South America, Africa, and South-East Asia via web-based and mobile trading applications.

The company added that it will debut the new white label trading platform differently across Europe, the United Kingdom, and Australia.

The CEO of Deriv, Jean-Yves Sireau, stated in the statement that innovative thinking has always been the foundation of the Deriv Group's growth strategy.

Sireau noted that the provider of international trading platforms places its clients at the center of all it does to assist them maintain market leadership.

Sireau stated, "Deriv is continually developing new products and services to provide our clients with access to cutting-edge technology, thereby maximizing their chances of success."

Vitaly Kudinov, senior vice president of business development at Devexperts, stated that Deriv X was developed with "passion and honesty."

Because the new platform was established as a white label of DXtrade, Deriv X's usability and scalability were created in a short amount of time, according to Kudinov.

"The success of a broker is strongly dependent on how straightforward and user-friendly their platform is for clients, as well as how easily and fast it can be scaled to serve x2, x5, x10, and even x100 user accounts," Kudinov explained. "To accomplish this, some brokers are developing their own software, which is a time-consuming and costly process," he noted.