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What is Deriv and How Does it Work?

Deriv

What is Deriv and How Does it Work?

A student is in need of education. What do they look for? 

A school. 

But not just any school. They look for a reputable school with qualified educators. Geographic location plays a role in this search. Admission requirements, fee structure, and the school’s reputation are all factors leading to the choice of one school over another.

The same scenario can be seen where customers need access to goods. And they visit a reputable retail store to buy them. 

The retail store is the middleman between the buyer and the manufacturer in the same way that the school plays a middleman between students and specific knowledge and skills.

When trading the markets, a middleman between you and the financial markets is necessary. Deriv.com is one such go-between connecting traders to the market. 

Deriv is a broker that connects traders to the following markets:

Deriv does this through its three inbuilt trading platforms; DTrader, DMT5, and DBot.

Deriv is the one-stop shop for traders, allowing you to practice on a demo account before depositing real funds to trade. 

In addition, withdrawals are quick, via a number of methods ranging from e-wallets to online banking and credit or debit cards.

When I first signed up I was not comfortable with the withdraw payment Agents and their tedious sign up requirements, but I have seen Deriv partner with other more efficient payment agents who have given Deriv’s clients (traders) easier sign up terms thus improve the experience of withdrawing profits.–Sichone Chanda.

There are more than 1000 similar Deriv reviews on Trustpilot. The platform has an average star rating of 4.3. 

To shed more light on this broker, let’s answer some basic questions you may have on the company and the functionality of the platform.

What is Deriv’s Core Business?

Deriv is a broker. That simply means that its main business is that of assisting individuals to access securities exchanges. Making deposits, placing trades, as well as withdrawing profits are all facilitated on Deriv. 

Register here to get started trading on Deriv. 

Is Deriv Regulated?

Yes, Deriv is regulated by the Malta Financial Services Authority,  the Vanuatu Financial Services Commission, the British Virgin Islands Financial Services Commission, and the Labuan Financial Services Authority in Malaysia.

This is a very important point to consider when choosing a broker because a regulated broker brings a higher level of security for your funds. 

Fly-by-night financial services companies risk being closed at any time, leaving users stranded and robbed of their cash.  

Where is Deriv Located?

Deriv has offices in Malaysia, Dubai, and Malta, Paraguay, Cyprus, Rwanda, and Belarus. Their live chat service allows them to be accessible from anywhere in the world.

Who Can Access Deriv?

You can become a member of the Deriv community if you are 18 years old and above. And from anywhere in the world except the following areas:

  • Canada
  • Israel
  • Malta
  • Jersey
  • France
  • United Arab Emirates
  • Malaysia
  • Paraguay
  • United States
  • Hong Kong

How Long has Deriv Been in Existence?

Deriv was launched in 2020. This followed a rebranding from its former name, Binary. In essence, the company has been in existence since 1999. It has rebranded twice since then. As the markets evolve, so do its operations and platform.

How Can I Benefit from Deriv?

There are a number of ways to partner with and earn from Deriv, in addition to placing your trades via the platform. These are elaborated on in the video below.

[4 Ways to make money on deriv besides trading forex]

How can I get started with Deriv?

Sign up here to create an account with Deriv.

Once in, you will be presented with a choice of trading platforms, trading types, and markets to begin from.

You may want to create a demo account first if you are a beginner trader.

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  1. Pingback: How do Deriv multipliers work? – Forex & Binary Trading

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