One of the interesting features of the broker Deriv limited is a unique approach to the trading accounts provision. Traders are offered accounts that correspond with the trading platforms which are offered namely:
- DMT5 Account – financial, financial STP, and Synthetic.
- DTrader Account, and
- DBot Account
You can choose to operate from any of the types of Deriv account with a minimum deposit of just $5 or its equivalent in your currency.
Deriv Real Accounts Features and Benefits
Standard Accounts Forex
This is the most common type on a trading account giving the user access to standard $100,000 lots of currency. Which means that due to the rules of margin and leverage (typically 100:1 in forex) you only need $1,000 to trade.
Benefits of standard accounts:
More services available and better perks for individual investors.
With each pip worth $10, if a position moves with you by 100 pips in one day, the gain will be $1,000.
Raw Spread Account
The Raw Spread account is suitable for experienced traders looking for very low, stable spreads and fixed commission.
Top perks of the Raw Spread account:
- Ultra-low spreads.
- Fixed trading commission fee.
- No limit on position number at one time.
- No re-quotes.
Zero spread accounts are trading accounts with no difference between the bid and ask price, or spreads close to zero which makes it easy to enter and exit a trade without the need to worry about additional commissions or fees.
The Pro account is an account suited to more experienced and professional traders. It is ideal for any trading style from day-trading to automated trading strategies and everything in between.
Top pros of the Pro account:
- No limit on orders.
- Smaller volumes trades (minimum lot size 0.01).
- Low spreads starting from 0.1 pip.
Deriv Islamic Account
The purpose of an Islamic Account is that it caters specifically to Muslim traders who strictly follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitative.
Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.
Due to the unique way in which Deriv facilitates trades, the option for an Islamic Account is not offered to Muslim traders who wish to hold their positions open. Therefore, Muslim traders must ensure that open positions are closed by the time that the trading day concludes to avoid such charges.
Deriv Demo Account
Deriv offers traders the option of opening a Demo Account which can be utilized in various ways, including, but not limited to the following:
- A practice account for beginners to improve their trading skills and experience in a risk-free environment.
- A means to evaluate and compare brokers and to explore Deriv’ trading conditions.
- A way to test trading strategies in a mimicked live trading environment without risking traders’ capital.
Deriv offers traders access to all three main account types and subsequent demo accounts, allowing traders to explore and decide which account type, way to trade, and trading platform suit their trading needs and objectives more.
Traders are provided with an adequate sum of funds that can be used. There is also no indication of whether traders are limited to one demo account at a time.
It would seem that traders are allowed to create demo accounts across various account types, which can be explored and used as per the trader’s preference simultaneously.
In addition, it is not necessary for the download or installation of trading platform software as traders can make use of their web browsers to access the different platforms.
How to open Deriv real account?
To open a Deriv MT5 or MT4 real account you should first download the appropriate version of the app for the device you are going to operate from. Choosing Deriv as your broker. You can download the software from either Deriv.com or directly from Metatrader official page. Once you have the software installed you need to create your Deriv account, login and choose to create a real account. Then make a deposit of a minimum amount of $5 and start operating.
What Professional Accounts does Deriv have on offer?
The most popular Deriv professional accounts are DTrader Account, DBot Account and DMT5
What is the most popular Deriv account choice?
You can choose any of the available account types to operate with, download Deriv MT4 or MT5 terminal version for Android or Desktop, Login and enjoy the options provided to you by Deriv.