Deriv trading tutorial: How to trade on the broker


Deriv Trading Tutorial for beginners - how to use the platform

Choosing the right platform for online trading can make all the difference between success and uncertainty. Deriv is a platform renowned for its commitment to user-friendly trading. Here is all you need to know about how to trade on Deriv and clearly understand what this platform offers.

How to trade with Deriv – All important steps:

The official logo of Deriv

Deriv is a multi-feature trading broker. It offers you various innovative features to improve the trading experience. You can start using the features by joining Deriv. To join this platform, you just need to follow certain simple steps. After that, you can witness the advantages of being a Deriv user. 

Steps to use Deriv:

1. Sign up with Deriv

Sign up with Deriv

The first step to start using the features is registering for a Deriv account. In order to do so, you must go to their official website and locate the sign-up option.

➨ Sign up with Deriv for free

(Risk warning: Trading involves risks)

There you shall see an option to enter your email id. Once you feed in the email id, you can choose the option below that says create a demo account. You may also decide to use your Gmail or Apple id other than your Facebook id for the same.

deriv sign up form and log in form

After clicking that, Deriv will send an email to your email id. Once you receive the mail, you need to verify it further.

Once you click on the verify my email button, it will take you to the Dtrader page.

You must choose your country of residence there. A long list of countries will appear before you for that. 

After choosing your country, the page will ask you to create a password. The password shall not contain less than 8 characters and should have multiple characters for maximum security. 

Finally, you can step forward in your trading journey. A demo account is an ideal way to do so. You get cash of $10000 in your demo account the moment you join it. So, you can use them to begin trading right away.

➨ Sign up with Deriv for free

(Risk warning: Trading involves risks)

2. Switch to a real Deriv account

The Deriv account switcher
Click here to go to the Deriv account switcher and select a real account

Once you are confident in your trading skills, there is no need for you to continue with the demo account. You can now switch to a real Deriv trading account. You just need to add a real account to the already in-use demo account.

You must navigate to the top right corner of the account. There, you shall see the option to add a real account. Once you see that, click it to enter a new page. It will guide you further. 

First, you need to choose the currency of your wish. It could be from USD, EUR, AUD, or GBP. You can also choose cryptocurrencies if you want. Deriv offers Bitcoin, Ethereum, Litecoin, etc.

Once you choose the currency, you need to fill in your details and then proceed to fill in your address.

Finally, agreeing with the terms and conditions is the last step to creating a real Deriv account.

Demo Account vs. Real Trading Account

Now, it’s essential to understand the distinction between a demo and a real trading account:

Demo Account

Think of the Deriv demo account as your practice field. It provides a risk-free environment for new traders to get accustomed to the trading platform and experiment with different strategies. A demo account comes with virtual funds that you can use for practice. It’s an ideal way to build confidence and skills before trading with real money.

Real Trading Account

On the other hand, a real trading account involves using your money to trade tangible assets. It’s where you put your strategies to the test and potentially earn profits. Actual trading accounts come with real financial risks, and trading responsibly is essential.

➨ Sign up with Deriv for free

(Risk warning: Trading involves risks)

3. Deposit your funds on Deriv

Deposit funds on Deriv

You cannot use the demo cash once you are a real account trader. So, you have to deposit your own money into the account to execute a trade.

To deposit the money, you can choose the deposit icon on the right corner of the page. It will take you to a new cashier page where you can choose the payment methods.

Deriv offers multiple payment methods for deposit that includes:

  • Online bank transfer
  • E-wallets
  • Credit cards/debit cards
  • Crypto wallets
  • Fiat-on ramp
  • DP2P

After depositing the amount of your choice, you can begin trading with your own money. However, The broker requires you to deposit a minimum amount on Deriv depending on the type of payment chosen. You must also be wary of choosing the same method while making a withdrawal on Deriv.

➨ Sign up with Deriv for free

(Risk warning: Trading involves risks)

4. Select the right platform on Deriv to trade:

The first step towards financial success in online trading is often creating your trading account. Deriv streamlines this process, making it accessible and user-friendly. In this section, we’ll guide you through the account creation process and help you choose the most suitable trading platform that Deriv offers.

Different trading platforms on Deriv
Deriv offers a huge selection of Trading Platforms

DMT5 (MetaTrader 5)

This platform is a powerhouse for traders seeking advanced features. It offers various charting tools, technical indicators, and automated trading capabilities. It’s perfect for traders who want in-depth analysis and charting.

DBot

For those who want to create and automate their trading strategies, DBot is the platform of choice. Its user-friendly drag-and-drop interface makes it accessible even to traders with limited coding knowledge.

DTrader

It’s an intuitive platform designed for beginners. If you’re new to trading or prefer a straightforward interface, this platform is an excellent starting point.

SmartTrader

This platform is tailor-made for traders seeking the utmost flexibility and the ability to tap into markets from diverse locations. Whether at home, in the office, or on the go, Deriv’s web-based platform ensures you’re never far from your trading activities.

4. Place your first trade on the Deriv trading platform

The DerivX trading platform
The DerivX trading platform

Trading options in Deriv allow payouts to predict movement in markets without having to buy an asset. You have to open a position that assesses assets’ movement through a timeframe. Therefore, beginners, as well as experienced traders, can participate in the market by putting a minimum investment amount.

The Deriv SmartTrader
The Deriv SmartTrader

Trading Binary Options on Deriv:

With your Deriv account set up and the choice of a suitable trading platform, you’re well on your way to trading success. This section will delve into the exciting world of binary options trading on Deriv. We will outline the steps to get you started and offer insights into trading forex, another critical asset on this versatile platform.

Binary options are a straightforward yet potentially lucrative way to trade on the financial markets.

Now, we’ll talk about the ways by which you can trade from various platforms available on Deriv:

  1. Choose a Market

You can choose from four markets presented over Deriv: stock indices, commodities, Forex, and synthetic indices.

  1. Select the trade type

The trade could be of various types such as Up and Down, Digits, High and Low, etc.

  1. Set a Duration/timeframe

Whether you want to trade for a long-term or short-term, you have to set a duration time that can start from 1-10 ticks or 15 seconds to even 365 days period.

  1. Enter the Stake amount

Choose an amount that you are willing to put on stake to get an instant payout note.

Which assets can you trade on Deriv?

Deriv doesn’t just stop at forex; it opens doors to diverse trading opportunities. Here are the assets you can explore:

Forex

Forex, the foreign exchange market, is known for its currency trading. With Deriv, you can trade various types of currency pairs, including:

  • Major currency pairs available on Deriv include EUR/USD, GBP/USD, and USD/JPY. They are known for their high liquidity and global importance.
  • Minor currency pairs examples are the EUR/GBP, AUD/CAD, and NZD/USD. They offer slightly more niche trading opportunities.
  • Exotic currency pairs available in Deriv are the USD/TRY USD/ZAR, and USD/SGD. Exotics can be more volatile but offer unique trading experiences.

Commodities

Deriv provides access to trading in precious metals and energy sources, including:

  • Gold: The timeless safe-haven asset.
  • Silver: A more affordable alternative to gold, still retaining its allure.
  • Crude oil: Tied to global economic trends, crude oil is a crucial commodity.
  • Natural gas: A source of energy and a popular trading choice.

Cryptocurrencies

Deriv offers trading opportunities in some of the most popular cryptocurrencies:

  • Bitcoin: The pioneer of cryptocurrencies and an actual digital gold.
  • Ethereum: Known for its innovative contract capabilities.
  • Litecoin is often called digital silver and is known for fast transaction times.
  • Ripple: Focused on facilitating cross-border payments.

Synthetic Indices

Deriv is not limited to traditional assets; it introduces synthetic indices, which can be a unique addition to your trading portfolio:

Volatility indices, including VIX and V75, tracking market volatility. It also has Crash/Boom indices like Crash 500 and Boom 1000, offering rapid price movements.

Stock Indices

Stock indices represent the performance of a group of stocks from a particular exchange. Deriv provides access to well-known indices, such as:

  • S&P 500: Comprising 500 of the US’s most well-known publicly traded companies.
  • NASDAQ: Focused on technology and internet giants.
  • Dow Jones: Comprising 30 significant companies from various sectors.
  • FTSE 100: Reflecting the performance of the top 100 companies on the London Stock Exchange.

Deriv usage and benefits

About the broker Deriv

You get various tools to conduct technical analysis with Deriv. You can use their indicators, signals, and other relevant tools to make an accurate forecast

Using Deriv is a simple process. To win a profit, you just need to predict the rise or fall of the asset of your choice. The accurate prediction will result in a great profit. So, once you begin to make profits or win the trades, you can then move to the withdrawal process. 

Using a Deriv account will be incomplete without knowing how to withdraw the funds on Deriv. There must be a minimum amount that you need to keep in your account to proceed with the withdrawal. It can vary depending on your chosen method. But, you must make sure that the method you choose for the withdrawal is the same as you used for making the deposit.

➨ Sign up with Deriv for free

(Risk warning: Trading involves risks)

Additional benefits of using Deriv

The DBot trading platform
The Deriv DBot trading platform

Deriv aims to offer innovative features to its clients. Therefore, you can find Deriv offering proprietary features such as the Deriv X and Dbot. 

Deriv X is a new CFD trading platform that simultaneously enables trading in multiple financial assets. You can customize the Deriv X platform according to your terms and get a personalized experience. 

The Deriv X platform offers you to use the widgets of your choice. You can apply more than 90 trading indicators while you trade. That can help you keep a regular track of your improvement.

This platform also stands unique in offering synthetic indices trading. You can use it on Android as well as iOS platforms. Moreover, you can access it through your desktop as well.

Another lucrative offering from Deriv is its DBot facility. It is a feature that allows traders to build their trading bots. A trading bot thus created will help you automate the trades. It also offers you a variety of pre-built strategies and the option to set up your own.

Fees and costs which can occur while trading on Deriv:

Understanding your platform’s fees and trading costs is essential, as these can significantly impact your profitability. Deriv, known for its transparent fee structure, ensures traders understand the charges. Let’s embark on a comprehensive journey to dissect and analyze Deriv’s fees, providing an in-depth understanding of what to expect.

Minimum Initial Fee

Deriv is incredibly accessible to traders with varying budgets, as the minimum initial fee is a mere $1. This low entry point means that virtually anyone can start trading on the platform, making it an inclusive choice for beginners and experienced traders.

Maintenance Fee

One standout feature of Deriv is that it doesn’t charge any maintenance fees. This means you can trade without worrying about incurring ongoing expenses simply for having an account. Deriv’s commitment to not imposing maintenance fees significantly benefits traders who appreciate cost transparency.

Forex Spreads

The spreads on Deriv for significant currency pairs, such as EUR/USD, are notably competitive, starting from as low as 0.5 pips. The EUR/USD pair, one of the most popular currency pairs, offers even tighter spreads, from just 0.1 pips.

Understanding spreads is crucial because it is where brokers often earn their revenue. You get a spread from the difference between a currency pair’s buying (ask) price and the selling (bid) price. Lower spreads mean reduced costs for traders, allowing them to retain more profits.

Commissions

Deriv charges a minimal commission of $1 for forex trading and $0.50 for commodities and indices trading. These commissions are designed to ensure a fair and competitive user trading environment. Deriv empowers traders to maximize their trading opportunities by keeping commissions at these modest levels.

Minimum Withdrawal

Deriv provides exceptional flexibility to its traders, with no minimum withdrawal amount. This means you can find your funds whenever needed, regardless of the withdrawal amount. The absence of a minimum withdrawal requirement particularly appeals to traders who may wish to withdraw smaller amounts regularly.

Minimum Deposit

The minimum deposit amount on Deriv varies based on your account type and the chosen payment method. The minimum deposit is as low as $5 for specific payment methods. This versatility ensures that traders with limited budgets can still participate in trading activities, making Deriv an inclusive platform for traders of all backgrounds.

Overnight Fee

If you keep a position open overnight, you may incur financing costs. These costs depend on the interest rate differentials between the currencies in the pair and whether you’re long (expecting the currency to appreciate) or short (expecting depreciation). Deriv provides transparent information on these costs within the platform.

Withdrawal and Deposit Fees

Deriv’s commitment to transparent trading extends to its withdrawal and deposit fees stance. The platform has no deposit or withdrawal fees, meaning that the funds you deposit and the profits you withdraw remain yours. This clear fee structure ensures traders are not met with hidden or unexpected costs.

Non-Trading Fees

While Deriv does not impose deposit or withdrawal fees, there are some non-trading fees that traders should be aware of. These include:

Inactivity Fee

Accounts inactive for over 12 months may be subject to a $5 monthly inactivity fee. This fee is in place to encourage active trading.

Returned Deposit or Withdrawal Fee

There is a $10 fee for each returned deposit or withdrawal to cover the administrative costs associated with such transactions.

International Bank Account Withdrawal Fee

Traders withdrawing funds to international bank accounts may incur a $25 fee. This fee accounts for the additional administrative work involved in international transactions.

How to withdraw money from your trading profits:

To withdraw your earnings when you’ve met your trading goals, follow these straightforward steps: Click on your displayed balance in the top right corner of the screen, then choose Withdraw from the dropdown menu. Here, Deriv provides a range of withdrawal methods to suit your convenience. Opt for your preferred method and follow the straightforward on-screen instructions to initiate withdrawal.

Deriv withdrawal in the cashier

Once your withdrawal request is confirmed, all that remains is patiently awaiting the funds transfer to the chosen account. The timing for these funds to appear in your account depends on the specific withdrawal method you’ve selected, ensuring your preferences receive your earnings.

Conclusion – Trading on Deriv is easy

Trading on Deriv.com on the weekend

Deriv is a broker that a trader can use to win trades more efficiently. For those who wish to up their trading game, using Deriv can make a difference. You can start using Deriv by following a few simple steps. Moreover, Deriv also allows you to utilize its innovative platforms further to help you.

➨ Sign up with Deriv for free

(Risk warning: Trading involves risks)

About the author

Percival Knight
Percival Knight is an experienced Binary Options trader for more than ten years. Mainly, he trades 60-second trades at a very high hit rate. My favorite strategies is by using candlesticks and fake-breakouts

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