Trade with a reputable broker.
I use Deriv as my broker. So basically the common mantra is that there are so many brokers in the world , some are scams and some are legit ones , who cares? We both do care since its our money that is at stake. So in this section of the blog l am going to talk about the broker that l use , that l have been using for the past 9 months or so. l will mention many things and why l think you should also use deriv if you haven't tried it yet.
About Deriv.
The story of deriv started in 1999. Regent Markets Group , the founding company was established with a mission to make online trading accessible to the masses. The Group has since rebranded and evolved to provide more trading options , but its founding mission remains unchanged.
You can find more about their story on their official website.
Deriv , previously known as binary.com , is an online trading service provider which offers many trading opportunities with quite flexible pricing. Customers can trade currencies , indices , commodities and volatility indices which are tradable 24/7 and 365 days a year.
They have been in the industry for the past 2 decades and that makes them more trustworthy. The minimum deposit is $10 , except if you are depositing using AirTm which is $5. You can scroll down the blog to find about how you can deposit any amount using cryptocurrency.
What is offered at Deriv
Deriv offers many trading securities and many types of accounts depending on the type of a trader you are.
Synthetic Accounts
This is the best account(for me) and is the most used by traders around the world. Synthetics are preferred by many traders since they are a bit easier to trade with no effect from news events. They have a high leverage , tight spreads and can be traded 24/7 and 365 days a year. They are also free from real-world market and liquidity risks. They have a great margin which allows a trader to purchase larger units of an asset at a fraction of the cost while amplifying the client's potential profit , but similarly increasing your potential loss.
Forex Accounts
I am not a fan of currency pairs but yeah , deriv(hyperlink) do offers them. Benefits from round-the-clock trading hours (Monday to Friday) , high liquidity , low barriers to entry , a wide range of offerings , and opportunities to trade on world events. They have high leverage and very tight spreads.
They have a great margin which allows a trader to purchase larger units of an asset at a fraction of the cost while amplifying the client's potential profit , but similarly increasing your potential loss.
Stock Accounts
Profit from the price movements in a broad market or sector without owning underlying assets. Sourced from over-the-counter (OTC) markets , stock indices offer competitively priced asset baskets and allow you to trade outside the regular hours of major stock markets. There is minimal capital requirements and limited risk for trading this option. There is also extended trading time , upto 18 hours a day. Fast and secure deposit and withdrawal options.
Commodities Accounts
Neither am l fan of these commodities nor many any famous trader but if mastered well , one can make a living off these. Its all about speculating on the price of silver , gold , oil and more. Profit from the price difference when the market moves in the direction that you have forecasted. There is competitive fixed and variable spreads. No commission on any commodity contract. All four precious metals and crude oil available.
Why you should use Deriv
There are so many reasons why you should be using deriv as your trading broker and l am going to list the reasons below.
Advantages of using Deriv.
●Minimum deposit of $10 and any amount using cryptocurrency.
● They offer many trading securities(synthetic indices which are not offered by any other broker)
● They have an easy to use interface on their website.
● You can make withdrawals without verifying your account.
● Many countries are supported which means citizens of many countries can open accounts with deriv.
● There are so many depositing and withdrawal methods which include the following skrill , neteller , Jeton wallet , AirTm , Perfect Money , WebMoney , FasaPay , Visa and MasterCard transfers.
● One can also place self exclusion on their trading account to prevent excessive trading.
Disadvantages of using Deriv
● Their server is not located on the MT4 platform but only the MT5 and web trading platforms.
● Withdrawals usually take 4-8 hours.
There are also many other reasons why you should be choosing deriv as your broker. The information below is also found on their website.
Licensed and regulated
They are licensed and regulated by several entities who ensure that there are systems to protect clients. These regulators include the Malta Financial Services Authority(MFSA) , the Labuan Financial Services Authority (Labuan FSA) , the Vanuata Financial Services Commission(VFSC) , and the British Virgin Islands Financial Services Commission.
Client money protection
They do not use client's money for their own business interests and clients are allowed to withdraw their money at any time.All the money is segregated and held in secure and licensed financial institutions. In this was , in the unlikely event of deriv becoming insolvent , all the money will be returned to the client.
Risk awareness and management
Online trading is exciting but involves risks and can lead to an addiction. At deriv , they look out for their customers in the cutsomer's best interests and encourage them to practise secure and responsible trading. If you are new to this , you can open a virtual demo account on deriv.
How to open an account
Opening a trading account with deriv is as simple as saying grandpa. Click here , then you will be directed to their website homepage where you first open a demo account. From here you enter your email address which you will need to verify by clicking the link that has been sent to your gmail , easy right. After this process , your demo account wil have been opened and you will be easily directed with the steps to open a real account (that is if your trading skillset has been furnished well).
Risk Warning and Disclaimer Trading
Futures , Forex , CFDs and stocks involves a risk of loss. Please do consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. And remember the content l wrote above is not from an investment advisor.
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