New traders frequently ask questions about Deriv platform to clear up their internal confusion. They primarily conduct searches and post queries in various trading forums and groups. Moreover, hundreds of emails have been received by our team regarding platform usage, trustworthiness, and a variety of other issues.
We think you should be aware of the fact that a lot of people don’t feel safe when they trade on the Deriv platform. Mainly because they don’t know what Deriv is. So, we have assembled this page to solve the problem and fill the demand. It serves as a robust repository of answers that will help you evaluate Deriv.
And the information contained herein will help answer multiple questions about how things work on the platform.
It’s completely understandable that everyone has their own fears, questions, and concerns regarding platforms. To avoid such issues, we have decided to create an FAQ article on our blog.
The article is for common yet relevant questions about Deriv.
It will definitely facilitate new users to gain insight into the platform without confusion. Also, it will quench the curiosity of advanced users as well.
The Deriv platform has been around since 1999; it’s not new, and it’s not going anywhere.
Let’s look at some of the most common questions traders have about the Deriv platform and account verification:
Yes, Deriv is a multi-regulatory holder. Mainly, it is a new platform that is actually a re-branding of Binary.com.
You need to fulfil certain criteria to open an account.
Once you have made a deposit or created a DMT5 account, you can only change your currency by contacting Customer Support.
A dormant fee is a charge applied to any account that has not made a transaction in the previous 12 months.
It’s not applicable if the client is under self-exclusion, either by their own choice or by the company’s decision.
Well, there is no sign-up fee required to open an account. Opening an account is entirely free.
No, you do not need to verify your account unless required. If your account needs to be verified, the Deriv team will email you to start the process. Also, they will give you step-by-step instructions on how to submit your documents.
No, you can’t open more than one account. The team reserves the right to block or withhold the funds and/or suspend or close the account without prior notice.
The verification process takes 1-3 business days to review documents. Deriv will inform you of the result via email once it’s done.
Trades have the utmost concern about deposits and withdrawals. As a result, we created this section to cover all the important & frequently asked questions about deriv platform’s deposit and withdrawal.
Deriv supports a variety of deposit and withdrawal options, including online banking, credit and debit cards, e-wallets, Fiat onramp, Deriv P2P, and cryptocurrencies.
The minimum deposit and withdrawal amounts are $5 using a bank wire transfer. Moreover, there are other payment methods available with different minimum amounts.
But there is no minimum amount for cryptocurrency deposits.
Deriv aims to process your deposits and withdrawals within a business day (Monday through Friday, 9:00 am–5:00 pm GMT+8).
But, sometimes, the process takes a long time depending on your bank or money transfer service.
Once you’ve made a 25-times-the-bonus-amount account turnover, you can withdraw the free bonus money.
First, log in to your Deriv account and click on Cashier to check the status. Click on Withdrawal. An email will be sent to you asking you to confirm your withdrawal request.
As the trading community grows, so do the questions: Should I choose Deriv over my current trading platform? Is it safe?
That’s why we’ve taken the time to answer these questions.
According to the trader’s review, Deriv is one of the best trading platforms. It is a trustworthy broker that’s regulated in multiple jurisdictions.
Even, the broker has a strong community that helps millions of traders by informing them how excellent and straightforward the platform is.
No, Deriv doesn’t accept USA traders.
Yes, Deriv has a mobile app named Deriv GO. It is optimized for trading multipliers on the go: trade forex, synthetic indices, and cryptocurrencies to maximize potential profit while limiting risk.
Deriv is the largest and most popular trading platform that offers multiple trading types. Its popularity is a never-ending process. On the other hand, it is a robust platform with sophisticated trading tools that can be applied to both experienced and amateur traders.
We are also happy to announce that the team is dedicated to ensuring that your trading experience is safe and seamless.
So, to enlighten you more, team Binoption designed the frequently asked questions about Deriv So, you are all welcome to open your account with the Deriv platform.
This post was last modified on January 18, 2023 8:34 am