The Deriv platform is a fresh take on the oldest broker platform of 20 years – Binary.com. They offer multiple trading platforms, which range from web-based platforms to MT5 platform, an automated trading platform, as well as a new platform. Their extensive range of products is amazing, which helps increase the user experience and have an established audience.
Deriv India is gaining quite traction from the old audience as well as a new audience and is taking the digital broker platform by its grasp. Therefore, all the 1 million traders have moved on to Deriv and will become their traders now. This article will specifically focus on the features of the Deriv platform.
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What you will read in this Post
What is the Deriv trading platform for Indian traders?
Deriv has mainly three other trading platforms that come along SmartTrader system and Binary.com, which are DMT5, DBot, and DTrader.
Deriv MetaTrader5 platform
This platform is known to incorporate not only MT5 software but also analysis and research binary options trading tools, making it the easiest user interface among all its competitors. The configuration of this platform is quite easy to access by traders and lets them put up charts and trade with options they wish to trade.
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DBot
Automated trading at its finest, the platform allows an easy pathway to use a set-up algorithmic investing. There are over 50 assets that you can choose from, and it also has pre-built strategies.
DTrader
This platform allows a clean interface as well as more than 50 tradable assets where they allow a 200% payout percentage. It is an excellent evolution when it comes to such platforms as it is user-specific and made all-around their likes and dislikes.
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What are the assets and markets available for traders?
There are about 100 types of assets available for traders on Deriv, such as:
Cryptocurrencies
You can trade cryptocurrencies on Deriv. These are virtual money options that have taken the world by storm, and everyone is going crazy with this money. The most famous Cryptocurrency is Bitcoin which is available over this platform. You can deposit or withdraw cash through bitcoins.
Forex
There are more than 50 forex currency pairs, such as major and minor currency pairs.
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Stock indices
You can speculate on the movement of stock indices through the largest markets such as the US, Europe, and Asia.
Synthetic indices
Mimic the real-world market and general conditions that are available 24/7, providing a constant volatile system.
Commodities
Commodities like silver, gold, or oil are also available for trading. Therefore, in total, Indian traders have numerous assets to choose from.
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Are there any spreads and commissions available for traders?
Deriv is an amazing platform for users as it provides minimal Deriv fees on trading and a tight spread. However, the digital platform is fairly new to the industry, which is why the number of spreads and commissions is limited.
However, you may have to give a fee for being inactive over a period of 12 months.
Is there leverage available for traders?
Leverage is available for traders who are looking to increase their chances of winning a high amount by 1:1000. This is called the Deriv multiplicator. The leverage acts as an offer for traders to take even better position sizes by putting a little deposit which is called a margin. This margin helps in increasing the potential returns.
The level of leverage and requirement for margin is decided according to the account and the regulation organization that the account has taken up registration.
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What are the bonuses & promotions offered by Deriv?
Deriv is one of those brokers that have such a low minimum deposit amount for the Deriv platform. Therefore, sadly, they do not give any Deriv bonuses or Deriv promotion codes to their customers.
Since the deposit amount is so low already, it is enough to attract customers to the platform. Moreover, the EU regulation of 2018 restricts offering bonuses to traders, specifically in Europe, but as an Indian trader, that should not bother you. However, you must still keep a check on their platform to see if the rule has changed a bit or not. Deriv is a safe broker, with over 2.5 million users worldwide. Many Indian traders have joined the platform due to its offers and comparably low fees.
Benefits of Deriv trading platform
Deriv broker platform has the biggest advantage of all that is having the clientele of its progeny, ‘Binary.com’ that has over a million customer base set already.
Apart from that:
- There are over 100 assets available for trading on the Deriv platform, which can be categorized under Forex, cryptocurrency, indices, and commodities.
- The digital website is live for 24 hours, seven days a week, even including the weekends.
- Traders can use multipliers as a tool for increasing their profit margin.
- Deriv is already a new platform that further has three sets of trading platforms that allow different assets to get used.
- There are several ways by which traders can make deposits and withdrawals without almost zero payment fees.
- You can create a demo account that acts as a study and practice tool for you to hone your trading skills.
- Deriv offers a good customer support that you can contact whenever you have questions.
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What are the available countries for Deriv?
Accepted countries
The list of countries, in which Deriv is available includes: Denmark, Saudi Arabia, Kuwait, Italy, Sweden, Norway, South Africa, Singapore, Australia, Thailand, Luxembourg, Qatar, and India.
As you can see, Deriv is available for Indian traders, making it a popular and legit choice for traders who want to earn money with Deriv.
Banned countries
The countries, in which Deriv is banned includes: United States, Hong Kong, Canada, Israel, Jersey, France, Paraguay, Malta, United Kingdom, Germany, United Arab Emirates, and Spain.
Are there any additional features to Deriv?
There are not many additional features available on the Deriv platform which is quite weird since it is a new forum and should have some information. However, there is a Deriv Academy where you can learn trading and you can access the blogs available on the site. They contain a lot of information regarding trading and other problematic queries which need some guidance and support.
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Conclusion – Deriv is available in India
An evolution to a legendary platform, Deriv has grown its platform into quite a popular industry where the trading style matches that of the traders. The method of deposit is quite easy, and you can easily withdraw profits on Deriv as well. Moreover, the user can also gain an advantage from getting a reputable company to sign up in various jurisdictions. Overall, we recommend the broker for Indian traders.
You can very well start your trading journey with the Deriv broker as you can trust this platform with your hard-earned money and enjoy the various features available on the forum. Make sure to have a look at it!
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