<p>Deriv Group Limited, operator of a suite of trading platforms, on Tuesday launched a new contract for difference (CFD) white label trading platform, Deriv X.</p><p>The Group in a statement shared with Finance Magnates said Deriv X was developed in partnership with Devexperts, a software provider that specializes in trading and investment software development.</p><p>The international <a href=”https://www.financemagnates.com/terms/t/trading-platform/” target=”_blank”>trading platforms provider</a> also noted that Deriv X was modelled after Devexperts’ DXtrade, a Software-as-a-Service (SaaS) trading solution.</p><p>“The highly customizable Deriv X offers <a href=”https://www.financemagnates.com/thought-leadership/what-are-cfds-a-comprehensive-trading-guide/” target=”_blank”>CFD trading</a> on the most popular financial markets—forex, commodities, and cryptocurrencies. Deriv has also incorporated its proprietary synthetic indices into the platform,” Deriv Group said in the statement.</p><p>The new platform also boasts of features designed to enhance the trading experience of beginner and professional traders alike, Deriv Group said. </p><p>For beginners, these features include a customizable interface, embedded trading journal and dashboard, and a chart with over 90 indicators to help traders analyze many trades simultaneously.</p><p>Professional traders, on the other hand, can enjoy features such as moving multiple widgets across workspaces or even windows, partial position closure, and one-click trading.</p><p class=”text-align-justify”>Deriv Group said Deriv X is available in the web and mobile trading app versions but is currently only open to traders in South America, Africa, and South-East Asia.</p><p>The company noted that it is planning a different launch of <a href=”https://www.financemagnates.com/tag/white-label/” target=”_blank”>the new white label</a> trading platform for traders in Europe, the UK and Australia.</p><p>‘Built with Passion and Integrity’</p><p>Speaking in the statement, Jean-Yves Sireau, the CEO of Deriv, noted that innovative thinking has always been the core of the Deriv Group’s growth strategy.</p><p>Sireau added that the international trading platforms provider puts its clients at the heart of everything it does to help them remain proactive in the market.</p><p>“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,” Sireau said.</p><p>On his part, Vitaly Kudinov, the Senior Vice President of Business Development at Devexperts noted that Deriv X was built ‘with passion and integrity’.</p><p>Kudinov noted that they created usability and scalability for Deriv X within a short time because the new platform was developed as a white label of DXtrade. </p><p>“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,” Kudinov explained.</p><p>“To achieve this, some brokers are building their own software, which is a long and expensive route,” he added.</p>
This article was written by Solomon Oladipupo at www.financemagnates.com.
