Deriv is one of the most popular brokers out there today. The broker offers so many opportunities to traders. You can even trade Forex on this platform. The Forex trading experience on deriv is not so different from what you get on some other brokers. Be that as it may, the deriv experience will turn out to be a cool trading experience. Forex trading is highly profitable. It is also engaging. In fact, the Forex market is the most viable across the globe today. The Forex market is open for 24 hours of the day and 5 days of the week. The market is closed during the weekend. This is the case on deriv and all other brokers. However, deriv offers some other trading opportunities that you can access during the weekends.
The Best Forex trading apps in South Africa
Best Broker 2021
Forex, CFD, ETF,Stocks, Options, Bonds and more!
Global Leader
World’s Largest MetaTrader Broker*
Open Markets
Forex, CFD, ETF,Stocks, Options, Bonds and more!
TRADING Markets
Forex, Binary Options, Bonds and more!
As a South African trader, you can register on deriv to trade Forex. The site will also give you access to the full trading services. The registration process is very fast and you can start trading in no time at all. You will also not need to invest a lot of money as the minimum deposit before you can trade Forex on this platform. Forex trading on deriv can make you a lot of money. However, you need to have a good trading strategy to make money as a trader in South Africa.
Trading app available
The only Forex trading apps available to South African traders on Deriv is the MetaTrader 5 (MT5) trading app. This app is advanced and contains so many features that you cannot find on the MetaTrader 4 (MT4) trading platform. Deriv does not offer any proprietary trading platform. Anyone that wants to trade Forex on Deriv will have to download the common MT5 trading platform to his device and use the login details you get from deriv to login. Once you log in, you can access the Deriv trading platform on MT5 and start trading. The desktop version looks like a proprietary trading platform from Deriv, but it is more or less an MT5 trading platform.
The trading platform is very easy to navigate. As a result, even a newbie can use it successfully. You can download the trading app on your desktop computer and mobile device. The trading platform will give you access to so many currency pairs also. You can access the major pairs and minor pairs on the MT5 trading platform from Deriv. The trading platform equally supports exotic pairs. So, it is going to be a wonderful experience trading Forex on the Deriv platform.