Why Trade Forex With Deriv Platform?
Deriv is a re-birth of Binary.com that introduced itself with many unique features. You can trade options on different instruments, including Forex, the biggest financial market. The forex market is also one of the most accessible markets to trade on. Buyers and sellers all over the world are participating in Forex trading. The financial instruments offer opportunities suitable for both beginner and experienced traders.
If you’ve been thinking about where to start your first forex trading, read on to find out why trade with deriv.
Which currencies can I trade live on forex on Deriv?
There are three types of currency pairs:
Major pairs — the world's most widely traded currencies paired, e.g. GBP/USD or EUR/GBP Minor pairs — less liquid currency pairs, e.g. NZD/USD or AUD/CAD Exotic pairs — one major currency paired with an emerging economy's currency, e.g. EUR/HKD.
Trade 24/7:
The forex market is open 24/7. The market will allow you to trade international currency pairs. As a trader, you will also get the advantage of their price movements.
The four major exchanges worldwide that start and end the trading day are Sydney, Tokyo, London, and New York — with these exchanges, forex trading begins at 9:00 pm (GMT) on Sunday and ends at 9:00 pm (GMT) Friday.
Responsive, easy-to-use platforms.
A good and user-friendly platform helps new traders to get a better trading experience. Deriv has an easy-to-use platform where you will find everything related to trading in one place.
High leverage, tight spreads.
Mainly, leverage allows you to open larger positions with a smaller balance in your trading account. On the other hand, the spread is the difference between the buy and sell price. The tighter spread will lower the cost to enter the market. On the flip side, the higher the leverage, the less money you need.
Deriv allows traders to trade on 50 popular currency pairs. And in forex trading, the leverage is up to 1:1000 (max 1:30 for EU/AU).
Advanced charting widgets.
Many factors may affect how the forex market moves. Technical analysis is a must for traders to know how the market gonna behave.
Deriv has an extensive list of advanced trading charts and tools. And, using trading charts and tools, you can analyze the market. Good analytical skills and in-depth knowledge about the market conditions will help you to make the best possible trading decisions.
Start trading forex on Deriv in 3 simple.
Not even the Deriv broker, you can also start trading forex on other trading platforms. Binoption has a complete list of trusted brokers that allows you to get best possible outcome.
Practice with an unlimited amount of virtual funds by opening a demo account.
Invest in forex and other markets by opening a real account, making a deposit, and trading.
Withdraw your funds with any of our supported withdrawal methods.
Learn about the markets that you can trade online with Deriv, including forex, commodities, synthetic indices, stocks, stock indices, and cryptocurrencies.
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