Why You Need to Verify Your Deriv Account
Verification is a step that helps safeguard your Deriv account and provides you with the ability to alter personal data.
Verifying your Deriv account requires a valid ID, passport or driver's license with both names and dates of birth clearly displayed. Upload both sides of the paper if possible for extra assurance.
Do I need to verify my Deriv account?
Verifying your Deriv account is optional unless prompted, however it is mandatory if you plan to withdraw more than $10 000 from it. Doing so helps combat fraud and money laundering activities.
Verifying your Deriv account requires submission of a valid ID or Driver's Licence along with proof of identity, such as a passport or visa that shows your name and date of birth along with a photo. Furthermore, proof of residence should be provided in the form of either utility bills or bank statements issued within six months.
Verified Deriv accounts grant you full access to all the features offered by the broker, such as trading, depositing and withdrawing funds, registering on Dp2p, becoming an affiliate partner or acting as a payment agent.
Deriv is a Maltese-licensed and regulated Forex broker that offers MetaTrader5 trading accounts as well as Multipliers, Digital options (similar to binary options) and Synthetic Indices trading. All accounts are safeguarded in segregated accounts with negative balance protection, plus up to 20 000 EUR compensation guaranteed by Malta's money protection scheme.
The company also offers a commission-based affiliate partnership program that rewards partners with 40% lifetime commissions for referring traders to the platform. However, in order to become a payment agent you must first verify your account.
Verification can also be used to update personal details like your registered name or citizenship. This process is speedy and effortless, guaranteeing the accuracy of your data.
Typically, you must submit your documents via email to the Deriv support team. They will send you a confirmation email to begin the verification process and provide specific instructions on how to submit your documents.
Deriv will process your withdrawal request within a day at no cost. However, some fees may apply depending on the country, bank or withdrawal method selected; these are non-collected by Deriv.
How do I verify my Deriv account?
If you want to transfer funds into or withdraw money from your Deriv account, verifying the account is a necessary step. Verifying takes place through the client portal and requires uploading proof of identity or address; in addition, this portal also enables changing personal details.
Verifying your account is a critical step that helps shield you from scams and fraudulence. The process is required for both new and existing accounts alike, as it allows the broker to confirm your identity and location when registering an investment account with them.
Verifying your account requires various documents, such as ID or passport photos. A stamped affidavit from a commissioner of oaths can also be obtained which provides your legal address and serves as an acceptable substitute for either passports or IDs.
Verifying your Deriv account may also be done by visiting one of the broker's offices nearby. This gives you a chance to speak with one of the staff members about any concerns or queries that arise.
For instance, you can inquire about a certain currency pair and the broker's service; or get assistance setting up your account. Furthermore, you may request details about the security features and services provided by the broker.
Verified accounts grant you full control of your account, so you can move funds without waiting for approval. Furthermore, it entitles you to various features and benefits such as registration on Dp2p, affiliate partnerships, or acting as a payment agent.
A verified Deriv account offers several advantages, the main being being unlimited withdrawals of money from it without any restrictions. Furthermore, you can deposit and withdraw funds from your Deriv account with many different payment agents.
Derive is a global broker offering trading on Forex assets, stocks, indices (including synthetic ones), CFDs, commodities and options. It is regulated by several bodies such as the Malta Financial Services Authority, Labuan FSA (Labuan Financial Services Commission), Vanuatu Financial Services Commission and UK FCA (UK Financial Conduct Authority). Derive safeguards its clients' personal data against theft or hacking through various security measures implemented at their premises.
What happens if I don’t verify my Deriv account?
Account verification is a mandatory step forex brokers must take when clients open trading accounts. This helps them confirm the client's identity and location, eliminating any potential risks related to money laundering or other illegal activities.
To complete the process, valid ID documents must be presented that are in good condition and contain accurate information about the client. These can include passports, driver's licenses or utility bills. Ideally, these documents should be printed on both sides with the client's name and date of birth clearly displayed.
Once verified, a Deriv account can be used to trade forex and cryptocurrencies. The broker offers several proprietary trading platforms like DTrader and DMT5, plus they provide other helpful services for traders.
Customer support is available 24 hours a day, seven days a week to answer questions and resolve problems related to trading, replenishing a Deriv account, deactivating it, and more.
This website offers free tutorials and a blog to guide newcomers. Additionally, it boasts an Academy section for advanced users.
Deriv offers traders the ability to trade currency pairs, commodities, indices, stocks and cryptocurrencies; plus they can trade synthetic indexes. Furthermore, customers have the freedom to create their own trading strategies using Deriv's bot feature.
Fund replenishment and withdrawal can be handled through a range of payment agents, such as EcoCash or Zipit, two popular local payment methods.
Deriv also offers an affiliate partnership program, rewarding traders who refer newcomers to the platform. This can be a lucrative way to make money, but requires full verification of an account before participating.
Deriv not only provides a range of financial services, but is proud to be an accredited member of the Financial Commission - an independent body which safeguards clients' rights and settles disputes with them. This has become especially significant given Deriv's large user base and reputation for dependability.
How do I withdraw money from my Deriv account?
Money can be withdrawn from your Deriv account using the same payment methods you used when depositing it, making it convenient to get funds when needed quickly. If unsure which method to select, contact Deriv support who are more than happy to assist.
Deriv is an experienced online broker with more than two decades of experience in the industry. They provide a range of products and services like CFDs on forex, indices, cryptocurrencies, commodities and synthetics to millions of registered traders around the world.
Deriv has designed several innovative methods to make it simpler for you to withdraw your profits quickly and conveniently. One such option is DP2P, which enables the exchange of Deriv credits for local e-wallet payments.
Before using DP2P, you must create a Deriv account (use the same name on your identity document for registration). After creating an account, you can select a nickname that other users will see when purchasing or selling credits.
Once your account is created, you can verify your identity by uploading a valid passport or identity document. Doing this helps protect other traders and prevent any fraudulent activity on the platform.
Another way to make a withdrawal is by using either debit or credit cards. At Deriv, you have access to various cards for this purpose.
You may also withdraw funds through an online bank transfer. This is a popular choice and will enable you to get the money into your bank account quickly.
If you have a large amount of profits to withdraw, Deriv has the solution - raise your withdrawal limit! This simple process involves verifying your identity and address - it couldn't be simpler!
Deriv offers a variety of withdrawal methods, so you can always find one that works best for your needs. However, please be aware that the minimum withdrawal amount varies depending on which option you select.