Deriv Group Launches New CFD White Label, Deriv X

Mar 30, 2023

Deriv X was developed based on Devexperts' DXtrade, a SaaS trading solution.

The white label is available to traders worldwide, except for those residing in Europe.

On Tuesday, Deriv Group Limited, an operator of a suite of trading platforms, launched a new contract for difference (CFD) white label trading platform, Deriv X.

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.

The international trading platforms provider noted that Deriv X was modelled after Devexperts’ DXtrade, a Software-as-a-Service (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,” Deriv Group said in the statement.

Additionally, the new platform boasts of features designed to enhance the trading experience of beginner and professional traders alike, Deriv Group said.

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.

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.

Deriv Group said Deriv X is available in the web and mobile trading app versions for traders worldwide except for those residing in Europe.

‘Built with Passion and Integrity’

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.

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.

“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.

On his part, Vitaly Kudinov, the Senior Vice President of Business Development at Devexperts noted that Deriv X was built ‘with passion and integrity’.

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.

“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.

“To achieve this, some brokers are building their own software, which is a long and expensive route,” he added.