Deriv.com Namibia gives you access to trade almost all assets listed on global financial markets, through the instrumentality of binary options.
Binary options are financial instruments that allow you as a trader to speculate on the direction of prices of assets in the financial markets. In simpler terms, binary options enable you to essentially ‘bet’ on the movements of prices of financial assets, such as commodities, currencies, stocks, bonds, amongst others, over a specific period of time.
A broker is an institution that plays the role of an ‘intermediary’ between traders in any financial market. Essentially, the broker ‘connects’ people who want to ‘buy’ financial assets to those who have the assets to ‘sell’ in any financial market. Although technological advancement has largely changed the face of how brokers and the brokerage business operate, the core of the broker’s work still remains bringing buyers and sellers together under a platform so that trading in assets listed across global financial markets can go smoothly. To do the job of connecting those who want to buy to those who want to sell, the broker charges a commission called spread, for each trade executed.
The process of choosing a binary options broker to trade with is an especially crucial one, as the choice of your broker can make or mark your trading. There are several brokers that you will find online with everyone promising you amazing offers and bonuses. However, not all are worth trading with. In fact, some are outright scams. It does not rule out the fact that there are also many credible and trusted brokers; one such is Deriv Namibia.
Deriv Review Namibia
Deriv.com is an offshoot of Binary.com, a widely respected and credible CFD and binary options broker founded in 1999.
Founded in 2020, Deriv.com is a relatively new binary options broker on the market. Binary.com is 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 aims to be a 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), Vanuatu 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 Deriv Namibia is still new in the market,it 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 Namibia.
This article does an overview of Deriv in Namibia – its services and features, minimum deposit, withdrawal and regulation, amongst others.
Before you can login at all, you must be registered on the platform. You can create a demo account or a live account. However, we advise you to first create a demo account.
At the top of the home page, you will find a red “Create Demo Account” banner.
There are 2 methods of creating an account, namely:
- Manual Method
Simply enter your preferred email; after which you receive a mail from Deriv.com directing you to further instructions.
- Social Media Account
If you have either your Google or Facebook accounts signed up into your browser, you can simply click on them. You are automatically signed in.
Deriv.com Namibia Trading Platform
Deriv.com Namibia provides a commendable wide array of channels through which you can connect to its trading platform. The channels are summarised below:
This is its web trading platform, accessible via your PC (desktop or laptop) and on your mobile browser.
Just like with Binary.com, you can access Deriv in Namibia via the MetaTrader 5 third-party trading platform.
A third-party platform for doing tick trading.
Works just like Binary.com’s Binary Bot. 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.
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 however be noted that Deriv Namibia does not have a mobile app at the moment.
- Available Markets
Deriv Namibia goes beyond binary options. Deriv.com Namibia 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:
- Margin Trading
This involves trading with leverage and low spreads.
Here, you earn fixed payouts by predicting an assets price movement within a fixed time. This is where binary options falls.
This is a hybrid system that combines the workings of both of margin trading and options.
Deriv.com Demo Account
Deriv.com Namibia provides you with a $10,000 free 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.
Benefits that can be derived from demo trading:
- Demo Account Allows You to Practice Your Binary Options Trading Skills
For one, demo accounts give newbie traders the opportunity to practise their trading skills, before their own actual money/capital. Binary options demo trading accounts 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 any liability on your part.
- Test Deriv Trading Platform With Demo Account
Furthermore, before you open a binary options trading account with a broker, you might want to test the broker and how things work with such broker.
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.com Minimum Deposit
Deriv.com minimum deposit is just $5. 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 Namibia has an array of deposit channels but you can only pay through USD, EUR, AUD, and GBP.
Methods through which you can deposit capital into your Deriv Namibia binary options trading account include:
Bank Wire and Money Transfer
It is 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).
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 payments are only available for UK clients.
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 only available for USD payments. Generally for these, you only need $5 minimum deposit, with the exception of Skill for which requires a minimum deposit of $10.
Deposits via e-wallets should reflect within 24 working hours.
Although recently introduced, Deriv.com is one of the first binary option brokers to facilitate cryptocurrency payments. Supported coins include Ethereum, Bitcoin, Litecoin and Tether. There is no minimum deposit requirement.
Deriv.com Withdrawal Namibia
With Deriv in Namibia, the minimum amount you can withdraw is dependent on the withdrawal channel.
Withdrawal methods include the following:
Bank transfer: note that this may take some considerable amount of time, sometimes running into days. The minimum here runs from $10 to $500, depending on the particular channel.
Credit/Debit card: preferably one powered by either MasterCard, Visa or UnionPay. Generally the minimum deposit is $10 and the maximum is $10,000.
Electronic Wallets: FasaPay, PerfectMoney, Skill, WebMoney, Yandex, Qiwi and Neteller. There is surprisingly no mention of PayPal. Minimum withdrawable is generally $5, while the maximum ranges from $180 to $10,000.
Cryptocurrencies: You can withdraw via Bitcoin, Ethereum, Tether and Litecoin. Minimum withdrawal is $5 for Ethereum and Litecoin, and $25 for Bitcoin and Tether.
Is Deriv.com Legit in Namibia?
Deriv.com is a regulated and legit binary options broker with a global presence, serving over 120 countries of which Namibia is one.
It is legal for binary traders in Namibia to trade binary options with Deriv.com Namibia.
Is Deriv.com a Scam?
With all that you might have read above, you can rest assured that Deriv.com Namibia 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 Namibia. 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 this, 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 Namibia 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.