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Rating Index
Pros
User-friendly platform suitable for beginners, making it easy to navigate and trade.
Wide range of trading options, including CFDs and various financial instruments.
Strong regulatory framework providing security and protection for client funds.
Cons
High risk of loss associated with trading derivatives, especially for inexperienced traders.
Potential for high fees, such as overnight and inactivity charges, which can impact profitability.
Limited customer support options compared to some competitors, which may hinder assistance during critical trading moments.
Derivative broker Accounts
Deriv Account Types
Deriv offers clients a choice between four live account types, each tailored to different trading needs:
- Standard Account:
- Leverage: Up to 1:500
- Spreads: From 1 pip
- Account Currency: USD, EUR, GBP, JPY, AUD, CAD, CHF, SGD, NZD, HKD
- Best For: Novice and intermediate traders looking for a user-friendly platform with reasonable trading conditions.
- Zero Spread Account:
- Leverage: Up to 1:500
- Spreads: From 0 pips
- Account Currency: Same as the Standard Account
- Best For: Traders who prefer ultra-tight spreads to reduce trading costs.
- Swap-Free Account (Islamic Account):
- Leverage: Up to 1:500
- Spreads: From 1 pip
- Account Currency: Same as the Standard Account
- Best For: Traders following Islamic law who wish to avoid paying interest.
- Financial Account:
- Leverage: Up to 1:500
- Spreads: From 1 pip
- Account Currency: Same as the Standard Account
- Best For: Professional traders requiring advanced trading tools and features.
- Visit the Deriv Website: Navigate to the Deriv trading website.
- Register Your Email Address: Click on the "traders hub" option and select "real" > "CFDs".
- Choose Account Type: Select the desired account type from the options available.
- Agree to Terms: Read and agree to the terms and conditions, then set a password for your account.
- Fund Your Account: Deposit funds into your account using various payment methods such as bank transfers, credit/debit cards, or e-wallets.
- Start Trading: Once your account is funded, you can begin trading on the Deriv platform.
Deriv Broker Account Opening Process
To open a Deriv trading account, follow these steps:
This streamlined process allows you to open a trading account quickly and start trading with minimal hassle.
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