Is Deriv a gamble or not?


Is Deriv a Gamble

Trading stocks is not like playing dice, whereas gambling is a zero-sum game of taking the best odds. In order to trade or invest in stocks, traders must examine previous data and analyze available data

Trading, unlike gambling, does not have a result. Companies compete with one another to improve their products and services, which drives up stock values. As a result, the company’s stockholders profit more. Trading is not, therefore, a game of chance. 

Let’s find out – Is Deriv A Gamble Or Not?

Is Deriv actually a gambling website?

Deriv is a new broker platform that offers services like digital options, FX, and CFD. It started in 2020 after being formed in 1999. Regent Markets Group, the company that founded and maintained BetonMarkets.com and Binary.com, has launched a new trading platform as one of its subsidiaries.

DTrader, SmartTrader, and DMT5 (Meta Trader – are the three primary trading platforms offered by this firm. DTrader is a straightforward platform that supports digital options including Rising/Fall, Higher/Lower, and Touch/No Touch, as well as more exotic options like Even/Odd

The Deriv DTrader trading platform and trading indicators
The Deriv DTrader trading platform

If the last digit of the previous tick is an even number, you will win an Even trade; if it is an odd number, you will win an Odd trade. This appears to be more akin to gambling than trading, but at the very least, we know there’s something for every trader.

The Deriv SmartTrader
The Deriv SmartTrader

The look of the SmartTrader platform is different, but the most significant distinction is that you will be able to use significantly longer expiry durations, up to 365 days. Technical analysis skills are restricted on both platforms, with only a few indications and drawings available. 

The Multiplier Option is a unique feature available solely on the DTrader platform. You can select a multiplier of up to 500x, which increases your potential profit and loss. The trades opened in this manner do not have an expiry date, and they appear to be a cross between CFDs and options. It’s intriguing, but it’s not for everyone.

The DMT5 web trading platform on Deriv
The DMT5 web trading platform

Also, DMT5 – is a MetaTrader platform that you can download and install on your PC or another system accessible through the internet (download is optional, not mandatory). On this platform, customers can buy or sell CFDs and open three types of accounts: synthetic, financial, and financial STP.

  • The Synthetic account enables you to trade synthetic indices, which are indices that are designed to imitate the behavior of real-world assets but are undisturbed by real-world events like central bank head speeches, financial releases, and so on. You can get leverage up to 1:1000 on this account.
  • Financial accounts can provide you with leverages up to 1:1000, which is pretty huge on major and minor currency pairs, cryptos, and commodities. 
  • The STP (Straight-Through Processing) account avails facilities like CFD trading for big, small, and exotic leverages up to 1:100. Though the leverage is quite less in comparison to the rest accounts but surely a fair deal.
Trading on Deriv using trend indicators

Altogether, Deriv.com is an intriguing addition to the large array of online brokers, but we like the flexibility they provide. The minimum deposit on Deriv and minimum withdrawal on Deriv are only $10 (or even $5 in some ways), and they provide both digital and CFD alternatives, as well as some additional possibilities like Even/Odd, which are similar to gambling but not quite gambling. 

Last but not less, they are authorized in all countries where they operate, so it’s a matter of personal preference: if you like what they have to offer and they appear to be a reliable broker, you might want to give them a shot.

You can reach out to the broker on their provided Deriv general terms / address as well as through their international help desk (phone +44 1942 316229) and email [email protected].

› Sign up for free with Deriv now!

(RIsk warning: Your capital can be at risk)

How do trading and gambling differ?

Trading vs. gambling

The forex market is a pool to make easy money, well that’s what many believe and is seen from the surface. But in reality, the market is abyss deep with traders from retail world, mutual funds and banks who are all set to make money using their own trading techniques to outperform everyone on the platform Deriv.

If Deriv wouldn’t have been a legal trader then the number of participants per day wouldn’t be this high. Right? Afterall, no wise trader would bid their profits on uncertainties and pure luck, would they?

Gambling, on the other hand, poses numerous legal challenges because it is outlawed in some countries. The gamblers are not abided by the legal rules and regulations and thus, are always under suspect. Another distinction between them is this.

Most gamblers become addicted after a period of time. This, according to research, is due to the emotions associated with gambling. A gambler’s principal goal while entering a casino is to make money. This skews their judgment and blinds them to the danger of financial loss

Its hard to believe but true that even casino bets require some mindful calculations those who excel in it know this. There is not any gambler who has made through his way on shear luck and uninformed bets. Those who think that the world works without a calculative mind, ends up losing everything.

Trends on Deriv

Rather than deterring someone from gambling, it tends to encourage them to do so since they will return again and again until they get addicted. It is, however, extremely different in forex trading. You must try to distinguish your thoughts from your actions during the training phase.

To make better selections and open winning transactions, a trader must learn to distinguish greed from fear. There are no emotions involved, and a trader can exit at any time.

Even if Forex trades aren’t risks-free, one is completely aware of the position they bought.  There is a variety of software that may assist you in properly analyzing the market, as well as distinct recommendations for opening and closing trading positions. These factors may vary depending on your analytical processes and strategies.

If you are doing fundamental and technical research, you should keep a sharp eye on the market trends, even if it takes days or weeks before you pin down a position. From this, you can conclude that lucky deal is a myth and a successful trader has a good record of market research as his top successful secret.

 These tools assist a Forex trader in improving and making profitable transactions. There are no such instruments in gambling.

› Sign up for free with Deriv now!

(RIsk warning: Your capital can be at risk)

Conclusion – Deriv is not a gamble!

Deriv is not a gamble

Finally, trading on Deriv should be considered a business. If you feel overwhelmed, trading sites and trading platforms are always a good option to look upon. Remember that a trader will thrive as long as he is eager to learn about the market and is not disheartened by consecutive losses.

As a result, traders must accept that they will not win every deal. In stock trading, a long-term profit strategy is always more successful. Before investing in a company, one should acquire information and learn as much as possible about it. Investing in stocks without researching companies is akin to playing poker without seeing your cards. Outside events influence the stock market’s movement. Therefore market movements are not closed-space events like gambling.

› Sign up for free with Deriv now!

(RIsk warning: Your capital can be at risk)

About the author

Marc Van Sittert
Marc Van Sittert is an experienced Binary Options Trader and coach who is originally from South Africa. He started his career in 2014 by trading old-school Binary Options online. His main focus is on short-term contracts with 60-second trades.

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