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Rating Index

Pros

Well-regulated with licenses from reputable financial authorities.

Competitive trading costs with low spreads and commissions.

Variety of trading platforms available, catering to different trader preferences.

Cons

High leverage can pose significant risks, especially for inexperienced traders.

Limited market analysis and research resources compared to some competitors.

Minimum deposit requirements may be higher than some other brokers.

VIX Trade broker Accounts

Deriv Account Type

Deriv offers a variety of account types for traders interested in trading volatility indices, including synthetic indices. The main account types include:

Synthetic Indices Account:

Minimum Deposit: $5
Minimum Trade Size: 0.01 lots
Leverage: Up to 1:1000
Platforms: Deriv Trader, Deriv X, Deriv Go, MT5, cTrader, TradingView

Margin Trading Account:

Designed for trading contracts for difference (CFDs) on synthetic indices and other instruments with favorable trading conditions.

Options Trading Account:

Tailored for traders who prefer to engage in options trading on volatility indices.

Deriv Broker Account Opening Process

To open an account with Deriv, follow these steps:

Visit the Deriv Website: Go to the official Deriv website.
Select Account Type: Choose the type of account you wish to open (e.g., Synthetic Indices Account).
Complete Registration: Fill out the registration form with your personal details, including your name, email address, and preferred account currency.
Verify Identity: You may need to provide identification documents to verify your identity, such as a government-issued ID or proof of address.
Fund Your Account: Deposit the minimum required amount (starting from $5) using one of the available payment methods.
Start Trading: Once your account is approved and funded, you can start trading volatility indices and other instruments offered by Deriv.