How to open a deriv synthetic account

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Deriv is a popular online trading platform that offers a wide range of financial instruments, including currencies, commodities, stocks, and cryptocurrencies. If you're interested in trading currencies on Deriv, you'll need to open a real account and fund it with real money. In this article, we'll take a detailed look at how to open a currency account on Deriv and understand the Deriv Real Account Registration Form.

Step 1: Go to the Deriv Website

The first step in opening a currency account on Deriv is to visit the Deriv website. Once you're on the website, you'll need to click on the "Sign Up" button in the top right corner of the screen.

Step 2: Choose Your Account Type synthetic account

After clicking on the "Sign Up" button, you'll be taken to a page where you'll need to choose your account type. Deriv offers several account types, including the Standard Account, Advanced Account, and Synthetic Account. For trading currencies, we recommend choosing the Standard Account.

Step 3: Enter Your Personal Information

Once you've chosen your account type, you'll need to enter your personal information, including your name, email address, and phone number. You'll also need to create a username and password for your account.

Step 4: Verify Your Email Address

After entering your personal information, Deriv will send you an email to verify your email address. Click on the link in the email to verify your email address.

Step 5: Complete the Deriv Real Account Registration Form

Once you've verified your email address, you'll need to complete the Deriv Real Account Registration Form. This form contains several sections, including Personal Information, Financial Information, and Trading Experience.

Personal Information

The Personal Information section of the Deriv Real Account Registration Form requires you to enter your personal details, including your name, date of birth, and address. You'll also need to provide a government-issued ID, such as a passport or driver's license, to verify your identity.

Financial Information

The Financial Information section of the form requires you to provide details about your financial situation, including your employment status, income, and net worth. You'll also need to provide information about your bank account, including the bank name, account number, and routing number.

Trading Experience

The Trading Experience section of the form requires you to provide information about your trading experience and investment goals. You'll need to answer questions about your trading experience, including how long you've been trading and the markets you've traded. You'll also need to provide information about your investment goals, including your risk tolerance and investment objectives.

Step 6: Fund Your Account

Once you've completed the Deriv Real Account Registration Form, you'll need to fund your account with real money. Deriv offers several payment methods, including credit/debit card, bank transfer, and e-wallets like Skrill and Neteller. Choose the payment method that works best for you and follow the instructions to make a deposit.

In addition to the steps outlined above, there are a few other important things to keep in mind when opening a currency account on Deriv.

Choose Your Currency Pair

Deriv offers a wide range of currency pairs to trade, including majors, minors, and exotic pairs. Before you start trading, it's important to choose the currency pair that you want to trade. Consider factors like liquidity, volatility, and spreads when choosing your currency pair.

Understand the Trading Platform

Deriv offers a user-friendly trading platform that is easy to navigate, even for beginners. However, it's important to take some time to familiarize yourself with the platform's features and tools. Deriv offers several educational resources, including video tutorials and trading guides, to help you get started.

Develop a Trading Strategy

To be successful in currency trading, it's essential to have a trading strategy. A trading strategy is a set of rules and guidelines that you follow when making trading decisions. Your trading strategy should take into account factors like your risk tolerance, investment objectives, and trading style.

Use Risk Management Tools

Currency trading can be risky, and it's important to use risk management tools to protect your account. Deriv offers several risk management tools, including stop loss orders and take profit orders, that can help you manage your risk and minimize losses.

Keep Learning

The currency markets are constantly changing, and it's important to stay up-to-date with the latest news and trends. Deriv offers a wide range of educational resources, including daily market news and analysis, to help you stay informed and make informed trading decisions.

Conclusion

Opening a currency account on Deriv is a simple and straightforward process. By following the steps outlined in this article, you'll be able to open a real account and start trading currencies in no time. Remember to choose the Standard Account, enter your personal information accurately, complete the Deriv Real Account Registration Form, and fund your account with real money. Good luck and happy trading! In conclusion, opening a currency account on Deriv is a simple and straightforward process. By following the steps outlined in this article and keeping the above tips in mind, you'll be well on your way to trading currencies successfully on Deriv. Remember to choose your currency pair carefully, understand the trading platform, develop a trading strategy, use risk management tools, and keep learning. Good luck and happy trading!

How to create Deriv real account

Create free demo account DERIV >>>>>

DERIV Create free demo account >>>>>

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