What is Deriv & How it works?

What is Deriv ?

Deriv is an online trading platform where you can buy or sell commodities, indices, cryptocurrencies & more. This platform is primarily known for providing binary options, Forex and CFD (contracts for difference). Since it’s launch, the company has gained huge success and popularity. Users all around the world have appreciated the beginner-friendly interface of the platform.

Talking about the regulations, The company ensures that the traders are trading in a highly safe environment. The company is regulated by International Financial Services Commission (IFSC) in Belize.

How Deriv works?

Step 1. Open a Deriv account

Firstly, you need to open a Deriv account. Getting started with Deriv is very simple and easy. Unlike, In old times when you needed dozens of paper works. Here, In Deriv is not the case. The company offers two types of accounts.

  1. Demo account: A demo account is a practice account where you can practice trading for free. It is just like a real account where you will get $10,000 in virtual currency.

 

      2.Real account: This is the account where you trade live and make real money. Here, you need to deposit real money and once you are confident enough with practising in a demo account you can shift to real account and make live money.

Step 2: Make a Deposit

Once you practised properly in Deriv demo account. now, you can shift to the Deriv Real account. To do so, you need to make a deposit. The minimum deposit is $10. and you can trade for as low as $1 in a single trade deal.

Step 3: Analyse the chart

The third step is to analyse the chart. You can do so using multiple trading indicators. To sharpen your trading skills you can learn trading from Deriv Academy.

Step 4: Place the order

Once you have analysed the chart properly you need to place trades. If according to your analysis market will stay bullish place buy trade and vice versa, If according to your analysis market stays bearish place sell trade.

I wish you all the very best!!

 

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