Deriv Vietnam Review
Deriv in Vietnam – Introduction
Deriv binary options broker was started by Binary Group Ltd., a company that has been in the trading industry since 1999. The operations of Deriv began in 2020 as a rebrand of the Binary.com platform. The Binary Group Ltd, founded by Jean-Yves Sireau, is headquartered in Malta, a small island country in the Mediterranean Sea. Despite its recent rebranding, the company has a long-standing reputation in the trading industry and is recognized for its commitment to providing transparent online trading services.
You must first identify the top binary options brokers in Vietnam if you want to trade binary options profitably and successfully. However, it is not an easy task. There are many reliable binary options brokers out there, but there are also lots of dishonest ones. The good news is that by identifying regulated brokers who welcome Vietnamese traders, we have made it simple for you to trade safely. These brokers not only have a good reputation but also provide several advantages that draw Vietnamese traders. And one of these brokers is Deriv.com, a reputable broker with a history dating back to 2000 in the trading sector.
Vietnamese traders may anticipate a lot in terms of features, a large range of trading platforms, and some minimal financial requirements thanks to their wealth of experience, which can ensure that you will find what you need on their website. So, keep reading to learn why this company is so successful!
How to Get Started with Deriv Vietnam?
This guide will provide a step-by-step overview of how to get started with Deriv in Vietnam.
Step 1: Create an Account – The first step to getting started with Deriv in Vietnam is to create an account. To do this, visit the Deriv website and click on the “Sign Up” button. You will then be asked to provide some basic information, such as your name, email address, and phone number. Once you have completed the registration process, you will be sent a confirmation email.
Step 2: Verify Your Account – Once you have created your account, you will need to verify it. To do this, you will need to provide some additional information, such as your address and a copy of your ID. This process is necessary to ensure that you are who you say you are and that you are legally allowed to trade on the platform.
Step 3: Fund Your Account – After your account has been verified, you will need to fund it. Deriv offers several payment methods, including bank transfer, credit/debit card, and e-wallet. Once you have chosen your preferred payment method, you will need to enter the required information and complete the transaction.
Step 4: Start Trading – Once your account has been funded, you are ready to start trading. To do this, you will need to select the asset you want to trade and enter the amount you want to invest. You can then place your order and monitor the progress of your trades.
We hope this guide has provided you with a clear overview of how to get started with Deriv in Vietnam. If you have any questions or need further assistance, please contact Deriv’s customer support team.
Deriv Vietnam Account Types
- The Standard Account provides the opportunity for both novice and seasoned traders to deal in commodities, cryptocurrencies, major (standard and micro-lots), as well as minor currency pairs. It offers high leverage up to 1:1000.
- The Financial STP account allows the trading of various currency pairs with tight spreads and high trade volumes. Operating on an A Book model, it transmits all trades directly to the market, providing traders with direct access to forex liquidity providers.
- A Synthetic account, which allows traders to trade Contracts for Difference (CFDs) on synthetic indices, is audited by an independent third party to ensure fairness. It offers a maximum leverage of 1:1000, a margin call at 100%, and a stop-out level at 50%.
Each account type requires only a minimum deposit of $5 and is accessible to traders 24/7, inclusive of customer services. The availability of certain account types may depend on the regulations in Vietnam. Always check with the platform or a financial advisor to understand which account type is best for your trading needs and goals.
Tradeable Assets
- Forex: Known as foreign exchange trading, Forex is the buying and selling of currencies. Deriv offers a wide range of currency pairs, including major, minor, and exotic pairs, to trade on.
- Commodities: Includes physical assets like gold, silver, oil, or agricultural products. Deriv allows you to speculate on the price movements of these commodities without owning the physical asset.
- Stock Indices: These are a measure of the value of a specific section of the stock market. With Deriv, you can speculate on the price movements of various stock indices like the Dow Jones, S&P 500, Nasdaq, and more.
- Cryptocurrencies: With the rise in popularity of cryptocurrencies like Bitcoin, Ethereum, and Litecoin, Deriv offers the opportunity to trade in these digital assets.
- Synthetic Indices: These are unique to Deriv and simulate real-world market movements. They are available 24/7 and are unaffected by market events and news, making them ideal for independent strategies.
- Stocks & Shares: Deriv provides access to a vast array of international stocks and shares. This allows you to speculate on the price movements of individual company shares.
- Options: These are contracts that give you the right to buy or sell an asset at a specific price on a specific date. Deriv offers a variety of options trading, including binary options.
- CFDs (Contracts for Difference): Contracts that pay the difference in the price of an asset from when the contract was opened to when it was closed. This allows you to speculate on price movements without owning the underlying asset.
Always remember that trading involves risk and it’s important to understand the market before you start trading. Be sure to use Deriv’s demo account to practice your strategies before trading with real money.
Deriv Vietnam Platforms
Deriv MT5
Deriv MT5 provides access to various asset classes like forex, stocks & indices, cryptocurrencies, commodities, exchange-traded funds, and derived indices all on one platform. Deriv enhances the MT5 experience by offering exclusive access to innovative trade types, catering to both novice and seasoned traders.
Deriv X
Deriv X is the broker’s second CFD platform following MT5. It is designed with a plethora of features to accommodate any trading style. This platform allows you to trade a variety of assets in several markets at the same time. Moreover, it provides the opportunity to trade cryptocurrencies and synthetics even on weekends and holidays.
Deriv cTrader
Deriv cTrader is a multi-asset CFD trading platform that’s simple to use and loaded with a vast array of features. Take your trading experience to the next level with functionalities like copy trading, limit and stop orders, chart trading, and personalized indicators.
Deriv GO
This is a mobile app that allows traders to trade on the go. It offers all the functionalities of a comprehensive trading platform, including full access to the financial markets, various order types, and technical analysis tools.
Deriv SmartTrader
This is a premier online trading platform with an intuitive interface that makes trading simple and streamlined. It offers advanced charting features and a wide range of assets to trade.
Deriv Bot
This is a platform that allows traders to automate their trading strategies without needing to code. Traders can create their trading bots and optimize them based on their trading preferences.
Binary Bot
This is an automated trading bot that allows traders to build their trading strategies using a simple drag-and-drop tool. It’s designed to trade synthetic indices that emulate real-world market volatility.
Deriv Vietnam Fund Deposit and Withdrawal Options
- Credit & Debit Cards: Deriv accepts all major credit and debit cards. This is one of the most common methods of depositing and withdrawing funds as it’s straightforward and quick.
- Online Banking: Users can also use online banking to make deposits and withdrawals. This is a convenient option because it allows users to transfer money directly from their bank account to their Deriv account.
- Mobile Payments: Deriv recognizes the preference for mobile transactions, so it offers mobile payment options. This allows users to manage their funds directly from their smartphones.
- E-wallets: E-wallets like Skrill, Neteller, and many others are also accepted by Deriv. They offer a quick and easy way to deposit and withdraw funds.
- Cryptocurrencies: For those who prefer dealing with digital currencies, Deriv accepts cryptocurrencies like Bitcoin, Ethereum, and others. This makes it easier for users who already have these assets to start trading without needing to convert their cryptocurrencies into another form of currency.
- On-ramp / Off-ramp: Deriv provides an on-ramp/off-ramp system for users to deposit or withdraw their funds. It helps users to switch between fiat currency and cryptocurrency seamlessly.
- Voucher: Deriv users can also use vouchers to deposit funds. These vouchers can be purchased from approved vendors.
- Deriv P2P: The peer-to-peer (P2P) option allows users to transfer money directly to and from other Deriv users. This is a great way to transfer funds without having to go through a bank or other financial institution.
These various methods ensure that Deriv users in Vietnam have a plethora of options when it comes to managing their funds, making the platform adaptable and user-friendly.
Is Deriv Legal in Vietnam?
Deriv is a legally recognized digital trading platform in Vietnam that offers a wide range of financial services. It provides an online platform for traders to participate in the global financial markets. Deriv has been authorized and regulated by various global entities, ensuring its compliance with international standards and regulations. With its user-friendly interface and wide range of trading options, Deriv offers a secure, transparent, and efficient trading experience for its Vietnamese users. Its advanced technology and innovative tools make it a preferred choice for both amateur and professional traders in Vietnam.
Deriv Review in Vietnam – Conclusion
After thorough research and analysis, it is concluded that Deriv, a financial trading platform, is becoming increasingly popular in Vietnam. This is due to its user-friendly interface, a wide range of financial instruments to trade, and the provision of educational materials to help users understand trading better. However, it also faces some challenges in terms of legal regulations and market competition. Despite these hurdles, Deriv has great potential in the Vietnamese market as more people are showing interest in online trading. Further growth and development can be anticipated if the company continues to adapt and meet the specific needs and preferences of Vietnamese traders.