Deriv Account Type

Deriv offers a variety of account types to cater to the diverse needs of traders. Here are the different types of accounts available:

• Standard Account
• Best for: Beginners or casual traders.
• Minimum Deposit: $5
• Features: Access to forex, commodities, synthetic indices, and cryptocurrencies. Spreads start from 0.1 pips, with no commissions.
• STP Financial Account
• Best for: High-frequency and professional forex traders.
• Minimum Deposit: $5
• Features: Tighter spreads starting from 0.2 pips, ideal for scalping, with no commissions.
• Swap-Free Account
• Best for: Traders following Islamic finance principles (Sharia-compliant).
• Minimum Deposit: $5
• Features: Spreads from 0.3 pips, no overnight fees charged.
• Deriv X Account
• Best for: Traders who want a fully customizable interface.
• Minimum Deposit: $0.01
• Features: Varies based on asset, with a proprietary platform offering widgets and multi-view trading.
• Zero Spread Account
• Best for: Price-sensitive traders or scalpers.
• Minimum Deposit: $5
• Features: Spreads close to zero, with commissions per trade.
• Demo Account
• Best for: Beginners to practice trading in a risk-free environment.
• Features: Virtual funds of $10,000 to simulate real trading conditions.

Deriv Broker Account Opening Process

To open an account with Deriv, follow these steps:

• Visit the Website: Go to the Deriv homepage.
• Choose Account Type: Select the type of account you wish to open (e.g., Standard, STP, etc.).
• Sign Up: Click on "Create a Free Demo Account" or "Open a Real Account."
• Email Verification: Enter your email address and complete the verification process.
• Provide Personal Information: Fill in your details, including name, address, and date of birth.
• Set Up Login Credentials: Create a password for your account.
• Minimum Deposit: Fund your account with a minimum deposit of $5 or the equivalent in your currency.
• Start Trading: Once your account is verified and funded, you can begin trading on the platform of your choice.

For more detailed information, you can refer to the official Deriv website.