- Manual Form Fill-in Method – enter your preferred email; after which you receive a mail from Deriv.com directing you on further instructions.
- Social Account Sign-in – use your social media accounts. If you have either of your Google or Facebook accounts signed up into your browser, you can simply click on them. You are automatically signed in, and you have your account.
- Margin Trading – This involves trading with leverage and low spreads
- Options – You earn fixed payouts by predicting an assets price movement within a fixed time
- Multipliers – This is a hybrid system that combines the workings of both of margin trading and options.
- Bank Wire and Money Transfer – available in USD, EUR, GBP and AUD. Internet banking payment/transfer is available via USD, GBP, and EUR. Minimum here ranges between $10 to $500 depending on the internet banking service you are using. Deposit processing time also ranges from instant to 1 working day (24 hours).
- Card Payments – debit card payment is available for all of USD, GBP, EUR and AUD. Supported cards include Visa, Maestro, MasterCard and Diners Club International. For this, the minimum deposit amount you can put is $10. The processing time for deposits is Instant. However, Maestro and MasterCard payment are only available for UK clients.
- Electronic Wallets You can pay through FasaPay (USD), PerfectMoney (USD & EUR), Skrill (USD, GBP, EUR & AUD), Neteller (USD, GBP, EUR & AUD), WebMoney (USD & EUR), PaySafe Card (USD, GBP, EUR & AUD) and Qiwi (USD & EUR), amongst others. This is available for only USD payments. Generally for these, you only need $5 minimum deposit, with the exception of Skrill for which requires a minimum deposit of $10. Deposits via E-wallets should reflect in 24 working hours.
- Cryptocurrencies : although recently introduced, Deriv.com is one of the first binary options brokers to facilitate cryptocurrency payments. Support coins include Ethereum, Bitcoin, Litecoin and Tether. There is no minimum deposit requirement. Read more about binary options cryptocurrency Ghana. Perhaps you will find interest in cryptocurrency trading bot Ghana.
Deriv.com is actually an offshoot of Binary.com, a widely respected and credible CFD and binary options broker founded in 1999.
Just founded in 2020, Deriv.com is a relatively new binary options broker in the market. Binary.com is actually undergoing some transformation to rebrand as Deriv.com; both still operate as separate platforms. But as far as ownership is concerned, Deriv.com is seen as a subsidiary of Binary.com. Both platforms however share a whole lot of similarities. Deriv.com purposes to be the one-stop derivatives trading platform offering everything derivative from binary options, futures, options, forex, commodities, amongst others.
Deriv.com has physical offices in Malta, Malaysia, the United Arab Emirates (UAE), Vanatu and the British Virgin Islands. Deriv’s trading platform is available in 11 languages including Chinese, English, Spanish, Italian, French, Dutch, and others.
Even though it is still new in the market, Deriv.com is fast becoming an important broker in the binary options industry as traders keep flocking unto its platform. For instance, in such a short time it has been able to get licensed by the International Financial Commission (FinaCom), one of the most important regulators of binary options and CFD brokers globally.
It is also regulated by the Malta Financial Services Authority (MFSA), the Vanatu Financial Services Commission (VFSC), and the British Virgin Islands Financial Services Commission.
Deriv.com is present in all countries where Binary.com does business – over 120 countries, including Ghana.
Deriv Review Ghana
This piece does an overview of Deriv in Ghana – its services and features, minimum deposit, withdrawal and regulation, amongst others. Through the instrumentality of binary options, Deriv.com gives you access to trade in almost all assets listed on global financial markets.
Binary options are financial tools that allow you to bet as a trader on the movement of asset prices in the financial markets. In simpler terms, binary options allow you to basically ‘bet’ on financial asset price movements, such as commodities, currencies, stocks, bonds, among others, over a particular period of time.
A broker is an entity that, in any financial market, plays the role of a ‘intermediary’ between traders. Basically, in every financial market, the broker’ connects’ individuals who want to ‘buy’ financial assets to those who have the assets to ‘sell’. Although technological progress has largely changed the face of how brokers and the brokerage business operate, the foundation of the broker ‘s work still remains to bring buyers and sellers together under a system, so that trading in assets listed across global financial markets can go smoothly. The broker charges a commission called the spread, for every trade conducted, for doing the job of matching those who want to buy to those who want to sell.
The method of picking a broker with whom to trade binary options to is particularly important, as your broker ‘s choice will define or destroy your Profitability in trading. sWith every broker offering you great deals and incentives, this choice starts to get difficult to make. Not all are, however, worth trading with. Some are simply blatant scams. That does not rule out the fact that there are also many trustworthy and trusted brokers; Deriv Ghana is one of these.
Before you login at all, you must have been registered on the platform. You can create a demo account or a live account; however no matter which you go for, you will automatically be given a demo account for free. At the top of the home page, you find the red “Create Demo Account” banner.
There are 2 methods of creating this account, namely: the manual form fill-in method and the social account sign-in method.
The Deriv.com Trading Platform
In case you are confused as to what a trading platform is, a trading platform is a computer program or software provided by the binary options broker upon which you make binary options trades.
That is, the channels through which you access the binary options broker’s brokerage services and from where you will be able to make trades. Typically such a platform should be accessible via a device – mobile (smart) phone or a PC and other ancillary devices. Deriv.com in Ghana provides a wide variety of channels through which you can connect to its trading platform.
One of them is the DTrader which is the Deriv web trading platform, accessible via your PC (desktop or laptop) and on your smartphone browser. There is also the DMT5. With Binary.com (Deriv’s parent company), you can access trading services via the MetaTrader 5 third-party trading platform. This is also the case for Deriv in Ghana.
One more service that Deriv has is the DBot which works just like the Binary Bot produced by Binary.com. If you are a newbie trader or even an experienced trader looking to better his/her trading, you will find the DBot very useful as it delivers to you trading signals. Just like most binary options robot Ghana, the good thing about this is that it is customizable, and you can leverage it to create your own unique trading bot.
The Deriv.com trading platform comes with a number of technical analysis tools, price bands and indicators. If you are a new trader or you are reluctant to do manual trading, then you will find Deriv.com trading bot useful in making trading decisions. They also provide an education platform to teach you the basics of trading binary options.
It should be however noted that Deriv Ghana does not have any binary trading mobile Ghana at the moment.
Deriv Ghana goes beyond binary options. Deriv.com Ghana is geared towards becoming your comprehensive derivatives trading platform. Currently, on the platform you can trade over 100 assets spanning forex, commodities, synthetic indices, cryptocurrencies and of course, binary options.
Types of Trades
Deriv.com offers 3 main types of trades that traders can choose from; they include:
Deriv Demo Account in Ghana
Unlike Binary.com, Deriv.com provides you with a $10,000 demo account with which you can do margin and options trading.
A binary options demo trading account is an account provided by the broker to you for free, that contains virtual money for you to use to trade. There are a number of benefits that can be derived from demo trading.
For one, demo accounts give newbie traders the opportunity to practise their trading skills, before their own actual money/capital. Binary options demo account Ghana allows you as a beginner trader to test, experiment and trade real market conditions with fake money. Thus you can make mistakes without any fear of liability.
Furthermore, binary options demo trading accounts allow prospective clients of a binary options broker to test its platforms before deciding to trade with that broker. You will be able to know specific styles that are peculiar to the particular binary options broker, such as their calculation of lot sizes, allowable margin and minimum risk amount.
Deriv Minimum Deposit
To be able to trade a live account with Deriv.com, you need to deposit either $5 or $10 depending on the channel through which you are making the deposit. The maximum amount you can, however, be allowed to deposit is $10,000 – although the amount you can deposit through each channel differs.
Deriv Ghana has an array of deposit channels but you can only pay through USD, EUR, AUD, and GBP.
The methods through which you can deposit capital into your Deriv Ghana binary options trading account include:
Deriv Withdrawal Ghana
Essentially, the above-outlined methods through which you get to deposit funds into your Deriv trading account are also the same methods through which you get to withdraw your funds. As such, you can withdraw your profits from your Deriv.com Ghana binary options trading account, you have the options of credit/debit card payment, electronic wallets, and Bank transfers.
It should be noted that Bank transfers are not available in all countries. Furthermore, to make any Withdrawals you have to have undergone a verification process.
Is Deriv Legit in Ghana
The bountiful benefits that one can reap from binary options trading are much; these have made it really popular. However, despite this, it is not allowed in a number of countries as a result of government legislation banning it. However there are no express legislation by the Ghanian government banning binary options trading, and thus we can safely say that it is allowed. Deriv.com is available and legit in almost all locations where binary options trading is not banned by the government. One of such places is Ghana. Thus, Deriv.com is legit and legal in Ghana.
Is Deriv a Scam?
With all you might have read above, you will be rest assured that Deriv.com Ghana is not a scam broker.
For one, most scam brokers are not registered with the right authorities. This is not the case with Deriv.com Ghana. Deriv.com is licensed by the Malta Financial Services Authority (MFSA), the Vanatu Financial Services Commission (VFSC), the British Virgin Islands Financial Services Commission as well as the European Financial Services and Markets Authority (FSMA). To crown all of these, it recently got registered with the International Financial Commission (FinaCom), an international independent regulator of financial markets services providers.
By virtue of its registration with these bodies, Deriv in Ghana is bound by their rules and regulations geared towards preventing binary options brokers from engaging in any acts that would not be in the best interest of their clients.
Deriv.com has also earned some high level of credibility. It was found based on 20+ years of experience in the financial markets space; but within a short time it is slowly earning its own track record. Currently, it has over 1 million traders signed up on its platform. We strongly believe 1 million people will not sign up and continue to trade with a scam broker.